With global funds ramping up their focus on SEA, the scope for secondary deals go up in the region, said Lee Chong Min.

The post If IPOs are the only exit route in SEA, there’s a problem, says CMIA managing partner appeared first on DealStreetAsia.

If on a risk-adjusted basis, I think it's a good time to get out, then I will get out, he says.

The post Always open to exit OVO at the right valuation: Lippo Group’s John Riady appeared first on DealStreetAsia.

As the dust settles, hindsight makes the chain of events that culminated in UK’s vote to leave easier to discern

It is two months since British voters surprised themselves by deciding to end the UK’s 43-year relationship with the European Union – “independence day” to some and “the worst political decision since 1945” to others.

As stunned political leaderships on both sides of the Channel continue dithering about what to do next, it is worth looking back at the origins of a crisis the EU elite had not expected.

Bad sportsmanship is not confined to either camp. Let’s have more signs of mutual respect across the divide

I’m trying to cure this summer’s unattractive impulse before it turns into a bad habit. Whenever I see someone doing something stupid or self-harming like jumping an orange light on a bike or getting tattooed from neck to ankle, I want to shout: “Brexit voter.”

It’s not nice and it’s not fair. I’m trying to stop. As Theresa May’s divided cabinet meets to decide where to go next, ministers and demoralised Whitehall officials should refrain from recrimination too. The “phoney war” lull before the negotiation storm is about to end.

Catch up on our debate on Theresa May’s plans to push ahead with Brexit and what this means for workers and business

2.08pm BST

Nearly four months after June 23’s fateful Brexit vote, even more half baked nonsense is still being talked by both sides than was spouted during the shabby campaign. Nothing is clear except that it is all going to be a lot trickier to disengage from the EU than some foolish people said – and still say despite mounting evidence to the contrary.

So my starting point is one of humility as I learn stuff I didn’t known before. It’s safe to say that some things will be better outside the EU, others worse, some sectors and individuals will thrive, others languish. The consequences of Britain’s leap in the dark – 37% of the total electorate voted Brexit by a very slender margin – are still largely unknown for all 28 members states. Only charlatans and romantics pretend otherwise.

If we left the EU, we would end this sterile debate and we would have to recognize that most of our problems are not caused by Brussels, but by chronic British short termism, inadequate management, sloth, low skills, a culture of easy gratification and underinvestment in both human and physical capital and infrastructure.”

1.57pm BST

We will be wrapping up the debate in the next four minutes, but we welcome any final comments and remarks.

We will keep comments open until 2.15pm

1.56pm BST

A view from Nigel Stern, who runs a design agency in London:

The biggest impact will hiring staff with the right skills. It’s already almost impossible to find skilled staff for our design agency - I say this having battled to keep an Australian whose Visa ran out, and lost the battle. I can’t imagine how difficult it will be when Brexit happens. Good skills are literally the biggest growth driver, so for my business Brexit is a disaster waiting to happen

1.43pm BST

An anonymous take from a bookseller, who thinks that Brexit will be bad for business and will have profound consequences for non-British citizens living and working in the UK.

I am a small on-line antiquarian and used bookseller. Since Brexit I have noticed an uptick in sales to the United States, but I have noticed a distinct decline in sales to Europe, though they do still take place. The effect of Brexit on Europe’s perception of Britain as a country is very negative - and the announcements from the Tory party conference will only reinforce the impression that Britain is not opening up for business. In fact, the very reverse: closing down for business and pursuing policies of discrimination against foreigners, especially from Europe.

The level of discrimination against immigrants from Europe is most definitely alienating what should be Britain’s closest friends. As someone with a slight foreign accent I no longer feel entirely safe in this country. A hard Brexit would be a disaster for me - as many books go abroad and the customs paperwork would add a considerable workload as well as extra costs in the case of more valuable books. There literally is not a single advantage to be derived from Brexit except for the lower pound, which could have been lowered by other means which would have done far less damage to Britain’s economy and society. I don’t know whether in future I will be able to continue business in this country and am wondering whether to move elsewhere.

1.33pm BST

News of job losses in Scotland are alarming.

The Scottish economy would suffer a severe shock if the UK has a “hard Brexit”, losing up to 80,000 jobs and seeing wages fall by £2,000 a head per year, an economics thinktank has warned.

The Fraser of Allander Institute (FAI) has told the Scottish parliament that entirely leaving the EU single market – known as a hard Brexit – would see the Scottish economy decline by 5% overall, or by £8bn within a decade.

Related: Hard Brexit could cost Scotland £2,000 a head and 80,000 jobs

1.21pm BST

One commenter says that Brexit will cause some economic pain, although the extent of this is not yet known.

What we know for sure is that Brexit of any substantial kind will certainly cause some economic pain in the short, medium, and long-term, from breaking existing trading relationships and loss of easy access to a large pool of human capital. The additional opportunities, on the other hand, are all long to very long-term, and are uncertain and beyond the UK's control.

Even the bits which are under the UK's control (like massive investment in training and education in a way which actually achieves something instead of pfaffing around with needless re-structuring and testing kids to the edge of mental breakdown) are all things that would have made sense before, so it's optimistic to imagine that they'll happen in a future where the public finances are under more pressure than ever before (once Brexit decline takes hold).

1.16pm BST

Here’s a view from Richard Rose, who is worried about Brexit’s impact on the car industry.

I am an engineer working at Rolls-Royce in Derby but I have spent most of my working life so far in the car industry. I am 100% certain that if the UK Brexits out of the single market, it can wave ¾ of its car industry goodbye within 5 years. The idea of replacing the current arrangement with one of tit-for-tat tariffs on cars sold into and out of the UK is preposterous – we will be in the absurd situation of paying taxpayers’ cash to car companies in the form of ongoing subsidies, and every successive government will be looking for ways to reduce or avoid these payments every four years.

The whole arrangement sounds ridiculous and seeing as all the manufacturers who build here have sites inside the Eurozone where they can avoid all that uncertainty, what do you think they’ll do? Its keeping me awake at night as I feel ‘my’ industry is potentially about to be rendered economically unviable just as my right to live and work abroad is being curtailed.

12.54pm BST

Quitting the European Union’s single market is considered bad for business unless you belong to the small band of economists who believe that Brussels’ employment and environmental protections stifle innovation, that maintaining a low pound is easier outside the EU, and restrictions on migrants is unlikely to ever be enforced.

But the threat from Nissan to switch investment in its next car away from the north east without some form of compensation is the clearest indication yet that multinationals based in the UK to benefit from the single market are going to drift away as they consider an upgrade or new factory that would be cheaper abroad.

12.46pm BST

John Flahive, 51, a documentary producer and sales agent, is concerned about the implications of a “hard Brexit” on his business.

The impact on business is inevitably negative. At the moment we have free movement of goods throughout the EU, all I have to do in my own business is put an address on a shipment and off it goes. It’s just not possible for whatever is put in its place to improve on that.

A ‘trade deal’ usually involves reduced tariffs which is a dis-improvement on no tariffs at all. This would bring back customs paperwork and all the associated admin, whereas currently we have none at all. There is no upside, only a downside.

12.42pm BST

This has just launched online. Polly Toynbee asks why the health secretary would insult the one third of our doctors who were born abroad by suggesting that they’re only “interim”.

Hunt’s claim that we will be “self-sufficient” in medical staff is nonsense – and he knows it. These new doctors won’t qualify as consultants until 2030, while everywhere has ageing populations and the WHO estimates a global shortage of 2 million doctors. The number of people in Britain over the age of 85 will double by 2037 – and who is to care for them if we chase away all foreigners?

Related: Telling NHS doctors to go home is self-harming madness | Polly Toynbee

12.36pm BST

An interesting take from one commenter below the line:

The main reason I don't think it'll be good for business is the way it is and has effected Britain's image around Europe and probably the world. Made in Britain isn't actually very popular in Europe at the moment. When I am with my girlfriend in Spain what image of Britain is on the television? Farage, Boris Johnson and their xenophobic rhetoric. After all it's the consumers who are the most important when it comes to our exports. Do you really want to buy goods from a nation who's image is one of distaste and xenophobia to their neighbours. Look at the effect the Iraq war had on French products in the U.S when they went ( rightfully ) against the Iraq war.... Everything Farage and Boris do is making it far easier for the E.U to take a tough stance in negotiations with support from their people. Especially when they act so arrogantly by saying the E.U has too much to lose and will have to take any deal we offer.

Brexiters seem to have no idea on how politics will effect us more than anything else.

12.25pm BST

Comments are open below the line and our debate is underway.

Kicking us off from the form is a small business owner in the south east of England, who has noted a definite impact of the vote:

I’ve already seen an impact in car buying attitudes in the months following the referendum. Traditionally, September is a busy time for my business (my company move new and used cars around the U.K.) and already the volume of movements compared to March and this time last year is worrying.

Every dealership I visit, staff say the same thing; “It’s unusually quite for this time of year”. The uncertainty created by the referendum is clearly having an affect and I worry for the future of my business once article 50 is triggered. If people are out of work they won’t be buying cars, meaning I won’t be moving them round the U.K.

12.22pm BST

Polly Toynbee raised some interesting questions about the impact of hard Brexit this week. She wrote:

As speech after speech salutes “taking back control” as “a fully independent sovereign country”, only old sober-sides Philip Hammond throws cold water. There is a price to pay, he warns. He didn’t disagree with Institute for Fiscal Studies estimates that Brexit will cost the UK 4% in growth in coming years.

Related: Will Theresa May be the next Tory leader to be bulldozed by the Europhobes? | Polly Toynbee

11.02am BST

Theresa May made one thing perfectly clear during this year’s Conservative party conference: Brexit means Brexit.

The Tory leader said controlling immigration and withdrawing from the jurisdiction of the European court of justice would be her priorities during European Union (EU) exit. She says Article 50 will be triggered before the end of March 2017.

The Guardian’s former political editor revisits humiliating prime ministerial resignations from Robert Peel to David Cameron

Both Brexit camps claim Sir Robert Peel, the Tory moderniser whose 1846 resignation crisis most resembles May’s. But he had succeeded where she failed. Determined to cut food prices for industrial workers, Peel pushed through repeal of protectionist Corn Laws with opposition help. In retaliation, rightwing enemies defeated his Irish Coercion bill. Peel resisted Queen Victoria’s appeal to stay, but grateful crowds cheered him as he walked to the Commons to resign. He slipped out by a side door, but was spotted and cheered home. Divided Tories lost office for 20 years.

UK will be pushed to take part in detailed discussion on fishing waters and other EU priorities

Arresting corona spread, reviving economy to get equal attention

1. Elon Musk threatens to 'exit California' over virus restrictions  9News
2. Elon Musk says Tesla will move headquarters from California 'immediately' over coronavirus restrictions  ABC News
3. Elon Musk threatens to relocate Tesla  NEWS.com.au
4. Elon Musk threatens to close Fremont plant and sever ties with California  KTVU San Francisco
5. Tesla’s stock could see new peaks thanks to these 3 catalysts  MarketWatch
6. View Full coverage on Google News

Tesla CEO Elon Musk threatened Saturday to pull the company's factory and headquarters out of California in an escalating spat with local officials who have stopped the company from reopening its electric vehicle factory.

THE warning is becoming louder. It was raised by the Leave team during Thursday's TV debate and, on the same day, by the Chancellor, George Osborne, and two former prime minsters, Sir John Major and Tony Blair. Brexit, they said, posed a serious threat to the Union.

Nicola Sturgeon has promised to exhaust all options in an effort to keep Scotland in the EU after the country voted by 62 per cent to 38 per cent against Brexit.

When Theresa May declared "Brexit means Brexit," Nicola Sturgeon's response was pithy and to the point. "Remain means Remain," she said, making an apparently all-or-nothing commitment to securing Scotland's place in the EU after the country voted decisively to stay.

He's in a growing spat with officials over reopening an electric vehicle plant.

Last month, the fund house had closed six of its debt funds, citing redemption pressures and lack of liquidity in the bond markets. 

On Twitter, Musk also threatened to sue over Alameda County Health Department coronavirus restrictions that have stopped Tesla from restarting production its factory in Fremont south of San Francisco.

Technology and equipment giant Siemens AG has decided to sell its tidal energy company, Marine Current Turbines Ltd., citing slow development in the marine and hydrokinetics sector.

In light of the significant influence...

With London’s Victoria & Albert Museum in lockdown, its director shares his favourite artefacts

It is pretty dusty in South Kensington at the moment. Without millions of visitors wandering through the V&A galleries, the dust begins to settle and the past takes over. Under the steely eye of Vernon Rapley, head of security, our objects are resting safely at the moment. But the purpose of a museum is predicated upon dialogue and difference: the interaction between citizen and object, the journey into a web of histories, and then the flourishing of curiosity.

“Unvisited museums dwindle into very sleepy and useless institutions,” said our first director Henry Cole, who was an early proponent of blockbuster exhibitions.

The transaction is expected to close during the second quarter of 2020.

The post Everstone exits Singapore-based HR service provider Excelity Global appeared first on DealStreetAsia.

Taking Britain safely out of lockdown will necessitate unpopular policies of more spending and surveillance

A commonplace criticism of political parties is that they have drifted “into their comfort zone”, which mostly means that Labour talks a lot about raising spending, while the Conservatives talk about cutting taxes. But politicians have comfort zones that are operational as well as ideological: ways of working that they find more attractive than others.

In late 2014, one ambitious young shadow cabinet minister asked his aides to draw up a 14-point plan to help him become leader of the Labour party. Step two involved an itemised list of Labour MPs, each of whom, he was told, he needed to wine and dine if he was to have any hope of making a successful bid at the job. The frontbencher in question contemplated evening after evening spent in conversation with his colleagues versus time spent with his wife and children. Surely, he reasoned, he could achieve the same end by writing thoughtful columns in the newspapers and delivering wide-ranging speeches? His leadership bid never recovered.

Start-up rates in most countries are edging back toward their pre-crisis levels, but not all countries have seen significant acceleration in new businesses, according to a new OECD report.

Tax incentives are used widely across OECD countries to incentivise individuals to invest in education and training, but are they effective? Recent evidence from the USA highlights the risk of creating overly complex systems in which the embedded incentives are no longer fully understood by individuals. This carries an important lesson for other countries in designing their own tax measures for skills investments.

Back in 2013, when we launched the OECD's first international review of school resource policies, we may not have been fully prepared for the detective-type work we were getting into. The OECD Review of School Resources covers 18 school systems and aims to shed light on a part of education policy that has been surprisingly left in the dark.

The world’s growing complexity and diversity present both opportunity and challenge. On the one hand, globalization can bring important new perspectives, innovation, and improved living standards. But on the other, it can also contribute to economic inequality, social division, and conflict.

The global challenges of poverty eradication, environmental sustainability, climate change, and sustainable and secure energy are all intimately linked to cities, which are simultaneously places where these global problems emerge and solutions can be found. Blog by Ricardo Herranz, Nommon Solutions and Technologies, Madrid.

The Love Island star, 23, struck confident poses while wowing in a sparkling strapless gown with dramatic ruffled detailing up the thigh slit as she left the O2 Intercontinental Hotel

She's long been celebrated as one of the world's top supermodels, as she enters her fifth decade of working as one of fashion's most celebrated figures.

The former deputy prime minister suggested people claiming that Russia had influenced the EU referendum result through Facebook were engaged in perpetuating a 'myth'.

The comedian, 47, real name Leigh Francis, has revealed how upset he was over his co-presenter's departure after 12 years.

The latest employment figures have defied the bleak predictions made three years ago by former chancellor George Osborne as one million jobs have been created across the economy.

The former Remain Tory chancellor, who was accused of being the architect of 'Project Fear' during the referendum, acknowledged the City could thrive when free from Brussels.

Tesla CEO Elon Musk threatened Saturday to pull the company's factory and headquarters out of California in an escalating spat with local officials who have stopped the company from reopening its electric vehicle factory. On Twitter, Musk also threatened to sue over Alameda County Health Department coronavirus restrictions that have stopped Tesla from restarting production its factory in Fremont south of San Francisco. Frankly, this is the final straw, he tweeted. Tesla will now move its HQ and future programs to Texas/Nevada immediately. He wrote that whether the company keeps any manufacturing in Fremont depends on how Tesla is treated in the future. Musk has been ranting about the stay-home order since the company's April 29 first-quarter earnings were released, calling the restrictions fascist and urging governments to stop taking people's freedom. An order in the six-county San Francisco Bay Area forced Tesla to close the Fremont plant starting March 23 to help prevent the virus'

For almost 50 days of the Covid-imposed lockdown, our factories have remained shut, academic schedules upset, malls and theatres locked and infrastructure work stalled. The virus has stopped us in our tracks. But not forever.

‘They should have been empowered to demarcate containment zones’

Starting Monday: Six-day mantra to exit lockdown

He wrote that whether the company keeps any manufacturing in Fremont depends on how Tesla is treated in the future.

The crystal structure of ilmajokite, a rare Na-K-Ba-Ce-titanosilicate from the Khibiny mountains, Kola peninsula, Russia, has been solved using single-crystal X-ray diffraction data. The crystal structure is based on a 3D titanosilicate framework consisting of trigonal prismatic titanosilicate (TPTS) clusters centered by Ce3+ in [9]-coordination. Four adjacent TPTS clusters are linked into four-membered rings within the (010) plane and connected via ribbons parallel to 101. The ribbons are organized into layers parallel to (010) and modulated along the a axis with a modulation wavelength of csinβ = 32.91 Å and an amplitude of ∼b/2 = 13.89 Å. The layers are linked by additional silicate tetrahedra. Na+, K+, Ba2+ and H2O groups occur in the framework cavities and have different occupancies and coordination environments. The crystal structure of ilmajokite can be separated into eight hierarchical levels: atoms, coordination polyhedra, TPTS clusters, rings, ribbons, layers, the framework and the whole structure. The information-based analysis allows estimation of the complexity of the structure as 8.468 bits per atom and 11990.129 bits per cell. According to this analysis, ilmajokite is the third-most complex mineral known to date after ewingite and morrisonite, and is the most complex mineral framework structure, comparable in complexity to paulingite-(Ca) (11 590.532 bits per cell).

The analytical solution of the problem of X-ray spherical-wave Laue diffraction in a single crystal with a linear change of thickness on the exit surface is derived. General equations are applied to a specific case of plane-wave Laue diffraction in a thick crystal under the conditions of the Borrmann effect.

Using mineralogical data, it is demonstrated that chemical simplicity measured as an amount of Shannon information per atom on average corresponds to higher symmetry measured as an order of the point group of a mineral, which provides a modern formulation of the Fedorov–Groth law.

A 2018 exhibit at the Billy Ireland Cartoon Library & Museum at Ohio State University celebrated the artistic legacy of MAD magazine.; Credit: Andrew Welsh-Huggins/AP

The funny, freckled face of Alfred E. Neuman is more or less retiring.

One of the last widely circulated print satirical magazines in America will leave newsstands after this year, according to sources at DC Comics, which publishes MAD magazine.

While the Harvard Lampoon remains in business, The Onion hasn't been in print since 2013. The once-influential Spy was a casualty of the 1990s.

At MAD's peak in the early 1970s, more than 2 million people subscribed to it, both for its pungent political humor and deeply adolescent jokes.

In 2017, that number had reportedly dropped to 140,000.

MAD isn't completely shutting down, but it will be radically downsized and changed.

Readers will only be able to find the 67-year-old humor magazine at comic book stores and through subscriptions.

After issue No. 10 this fall, there will no longer be new content, except for end-of-year specials which will be all new. Starting with issue No. 11, the magazine will feature classic, best-of and nostalgic content, repackaged with new covers.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Controlling pests using their natural enemies can be an environmentally sound alternative to pesticides. However, the complex interactions between different pest control species and the landscape itself can affect the efficiency of such biological pest control, research suggests.