REUTERS: British triathlete Beth Potter clocked a time of 14 minutes and 41 seconds in a low-key 5km road race in Barrowford, England on Saturday, a time that will set a new world record if ratified by global athletics officials. Whether the 29-year-old's time is ratified by World Athletics will depend on a variety of factors, such as the presence of anti-doping officers at the event, the size of laps and the accuracy of the course measurement. Potter's previous best for the distance was 15:24, set at a similar event last August. Wearing new running shoes developed by Japan's Asics, Potter took advantage of still conditions on a flat course to surpass Beatrice Chepkoech's official world record of 14:43 by a couple of seconds, and also shave 10 seconds off Paula Radcliffe's British record of 14:51. The time by Potter, who competed at the 2016 Olympics and won gold at the 2019 European Championships, is the second-fastest on the road by a female athlete after Joyciline ... » Learn More about Athletics-British triathlete Potter runs 5km in to-be-verified world record time
Why athlete have low heart rate
Phase two of low-cost house scheme in sight
Chatchai Sirilai, president of state-owned GH Bank. The government is set to roll out the second phase of the One Million Houses low-cost housing scheme worth 30-50 billion baht with a fixed rate of 2% for 10 years to help low-income earners buy a home and stimulate the domestic property sector. Chatchai Sirilai, president of state-owned GH Bank, said the second phase is scheduled to be proposed to the bank's board of directors for approval sometime in April. This phase offers a lower interest rate than the first phase and raises the prices of the housing units to a ceiling of 1.2 million baht, up from 1 million in the first phase. The first phase carries an average interest rate of 3% a year for the first 3-5 years and has already approved 35 billion baht worth of mortgages for applicants. Some 15 billion baht is left and could be moved to the second phase, he said. With a lower interest rate burden, the instalment payment for approved applicants should cost no more than ... » Learn More about Phase two of low-cost house scheme in sight
5 expat enclaves and their all-inclusive rental rates
Expat enclaves are an unofficial part of the Singapore real estate industry; but that doesn’t change the reality on the ground. Some parts of our island are just more popular among groups of foreigners than others. Whether you’re a foreigner looking to rent, or a landlord wondering how to set your rates, here’s a current rundown for 2021: Singapore’s main expat enclaves The main areas at present are: Holland Village (District 10) Katong (District 15) Orchard (District 9) Robertson Quay (District 9) Sentosa (District 4) 1. Holland Village (District 10) The current average rental rate in 2021 so far is $3.82 psf for condos. For landed properties, the average rental rate was $2.77 psf in 2020. We did not take 2021 into account because it has only had 1 rental transaction so far in the area. For landlords, the drop in rental makes for grim reading – but for tenants looking to upgrade to a bigger space this could be a good opportunity to do so. Developments ... » Learn More about 5 expat enclaves and their all-inclusive rental rates
Davao City tagged as ‘low risk’ area
DAVAO CITY: The National Inter-Agency Task Force for the Management of Emerging Infectious Diseases has classified the city as a ‘low risk’ area based on two indicators — the 2-week growth rate and the average daily attack rate. Dr. Ashley Lopez, city health officer and focal person of the city’s Covid-19 Task Force said the “low risk” classification as shown on the community quarantine decision matrix is slightly higher compared to the previous week’s “minimal risk” classification. “Last week Davao City was classified as minimum risk, it is now at low risk. This is because we have a negative 8.74 two-week growth rate which is still low but our average daily attack rate reached 1, from .92 last week,” Lopez said. Based on the local government unit risk assessment map as of April 3, only Barangay Sirawan in Toril District is now under “critical risk.” Lopez said the city government is working to keep the numbers low through the city’s heightened surveillance and response of ... » Learn More about Davao City tagged as ‘low risk’ area
Suez blockage sets shipping rates soaring
SINGAPORE: Following the blockage of the Suez Canal, shipping rates for oil product tankers have nearly doubled this week and several vessels were diverted away from the vital waterway as a giant container ship remained wedged between the two banks. The 400-metre-long Ever Given has been stuck in the canal since Tuesday and efforts are under way to free the vessel although the process may take weeks amid bad weather. The suspension of traffic through the narrow channel linking Europe and Asia has deepened problems for shipping lines that were already facing disruption and delays in supplying retail goods to consumers. Analysts expect a larger impact on smaller tankers and oil products, in particular naphtha and fuel oil exports from Europe to Asia, if the canal remained shut for weeks. More than 30 oil tankers have been waiting at either side of the canal to pass through since Tuesday, shipping data on Refinitiv showed. "Aframax and Suezmax rates in the Mediterranean have ... » Learn More about Suez blockage sets shipping rates soaring
Interest rate cap on unpaid credit card balance kept
The Bangko Sentral ng Pilipinas (BSP) has maintained the 2 percent per month ceiling on the interest rate on unpaid credit card balance. In a virtual briefing on Thursday, BSP Governor Benjamin Diokno said the central bank’s policy-making Monetary Board decided to retain the maximum interest rate or finance charge of 24 percent per annum or 2 percent per month on a cardholder’s unpaid outstanding credit card balance. The monthly add-on rates that credit card issuers can charge on installment loans also stayed at a maximum rate of 1 percent. Meanwhile, the maximum processing fee on the availment of credit card cash advances was also kept at P200 per transaction. “The decision is based on a holistic assessment of developments in the macroeconomy, the state of credit card financing as well as the safety and soundness of banks and other credit card issuers. It will also continue to help ease financial burden of consumers through affordable credit card pricing,” Diokno noted. He ... » Learn More about Interest rate cap on unpaid credit card balance kept
BSP expected to keep key rates steady
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to hold key interest rates steady when its policy-making Monetary Board meets on Thursday (March 25) as the burden of reviving the pandemic-battered economy would outweigh concerns on elevated inflation at a time when COVID-19 cases surged. “We expect the Philippines’ central bank to keep its key overnight borrowing rate unchanged at 2 percent. The near-term prospects remain worrisome for the Philippines as it copes with an intensifying virus outbreak that shows no signs of abating,” Moody’s Analytics said in a report Monday. “Although the country’s fiscal spending has been more conservative relative to its Southeast Asian counterparts, the scope to deliver through a more expansionary monetary stance is relatively limited at this stage. We expect that the central bank will opt to preserve ammunition for now and stall a rate cut until the next quarter if the domestic situation deteriorates,” Moody’s Analytics ... » Learn More about BSP expected to keep key rates steady
Fitch retains PH’s BBB rating, stable outlook
Fitch Ratings on Monday retained the Philippines’ investment grade credit rating of BBB with stable outlook, citing the country’s manageable fiscal situation despite the impact of the coronavirus disease 2019 (Covid-19) pandemic. “The affirmation of the Philippines’ ‘BBB’ rating and Stable Outlook balances modest government debt levels relative to peers, robust external buffers and still-strong medium-term growth prospects, notwithstanding the deep pandemic-induced economic contraction, against relatively low per capita income levels, and indicators of governance and human Fitch Ratings said that while the economic impact of the pandemic to the Philippines in 2020 was more significant than it had previously expected, the economy is expected to recover in 2021 and 2022. The county’s gross domestic product (GDP) is projected to contract by 8.5 percent in 2020. Need for vaccine roll out “The authorities have also engaged in multilateral initiatives and with several ... » Learn More about Fitch retains PH’s BBB rating, stable outlook
Bank Indonesia holds rate, pledges more support for rupiah
Bank Indonesia kept the seven-day reverse repurchase rate at 3.5% last week, as predicted by all 28 economists surveyed by Bloomberg. Governor Perry Warjiyo and his board have cut the rate by 150 basis points since the beginning of last year to bolter the economy during the coronavirus pandemic. The decision "is not a surprise at all, given the unsettled global yield environment,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore. After taking rates to a record low last month and easing lending standards, "there’s a sense that it will get increasingly hard for BI to find more rabbits to pull out of its hat.” The rupiah ended three days of losses on Thursday (March 18), adding 0.1%, while the country’s benchmark stock index rose 1.1%. Thursday’s decision comes with currency concerns back in play as a rise in U.S. Treasury yields has sparked a sell-off in emerging markets. Indonesian sovereign bonds had seen US$1.5 billion of outflows this year ... » Learn More about Bank Indonesia holds rate, pledges more support for rupiah
Japan banks’ profits hit by BoJ’s negative rate policy
TOKYO: Japanese banks' profits have deteriorated due to a decline in interest rates under the Bank of Japan's (BOJ) negative rate policy, the head of a business lobby group said on Thursday. The comment by Kanetsugu Mike, chairman of the Japanese Bankers Association, comes as banks in Japan soak up the impact of the COVID-19 pandemic with the prolonged low-rate environment adding to long-term uncertainty. "The profits environment for financial institutions has clearly been in a deteriorating trend," said Mike, who is also the head of Mitsubishi UFJ Financial Group Inc's (MUFG) banking unit. While the BOJ's policy helped the economy out of deflation, Mike said at an online press briefing, lending interest rates have drastically fallen and the loan-deposit rate margin - the difference between interest earned from loans and paid for deposits - has shrunk since the central bank introduced negative rate policy in fiscal 2015. The combined net interest income of Japan's big three ... » Learn More about Japan banks’ profits hit by BoJ’s negative rate policy