Indonesia’s Prabowo Claims Victory In Presidential Election

Indonesian Defence Minister Prabowo Subianto, a former general tied to past human rights abuses, claimed victory in Indonesia’s presidential election. He positioned himself as an heir to the current president, Joko Widodo, whose son was his running mate. The unofficial results showed Subianto leading with 57–59% of the votes, though election officials hadn’t declared a winner and other candidates hadn’t conceded.

Subianto’s background includes service under the cruel Suharto dictatorship, serving as a special forces commander connected to abductions and torture. Despite facing criticism, he pledged to pursue a peaceful solution to the Israel-Hamas conflict and to establish an Indonesian embassy in either the West Bank or Gaza.

Given Indonesia’s economic growth, infrastructure projects, and diplomatic influence, the election’s outcome is crucial. However, concerns about democratic values have arisen due to Subianto’s association with authoritarian regimes and his opponent’s familial ties to power. The election logistics were immense, spanning 17,000 islands and involving 270 million people.

Despite facing opposition from human rights activists due to his contentious past, Subianto’s candidature was characterised by efforts to soften his image through the use of social media platforms and portraying himself as a grandfather figure. In addition to his dishonourable discharge from the army, his involvement in kidnappings and torture remains controversial.

Smriti Mandhana Ranks No. 4 In ICC Women’s ODI Batting Ranking

Indian women’s batter Smriti Mandhana has jumped to fourth place in the ICC Women’s ODI Player Rankings for batters, surpassing South Africa’s Laura Wolvaardt. England’s Nat Sciver Brunt, Sri Lanka’s Chamari Athapaththu, and Australia’s Beth Mooney hold the top three positions, while India’s Harmanpreet Kaur remains at 10th.

Mandhana last played ODIs in a series against Australia, scoring 63 runs at an average of 31.50. In the bowling chart, England’s Sophie Ecclestone leads, with Deepti Sharma slipping to fourth. Mandhana has also risen to fifth on the ODI all-rounder list.

South Africa’s Marizanne Kapp climbed to second among bowlers after an outstanding performance against Australia. Kapp’s all-round effort helped South Africa secure their first-ever ODI victory over Australia. She retained the eighth position in batting and consolidated her top ranking among all-rounders. Chloe-Tryon moved up in rankings, advancing to 20th among batters, 43rd among bowlers, and entering the top 10 for all-rounders.

Australia saw players move up in rankings after a 2-1 win, with all-rounder Tahlia McGrath rising to 30th among batters, 60th among bowlers, and 21st among all-rounders after being named ‘Player of the Match’ in the final ODI. Alana King and Kim Garth also made notable progress.

PM Modi Introduces UPI Services During His Abu Dhabi Visit

PM Narendra Modi engaged in extensive discussions with UAE President Sheikh Mohamed bin Zayed Al Nahyan to enhance their strategic partnership. The talks encompassed various sectors, including trade, investment, digital infrastructure, fintech, energy, and culture.

An agreement was made to link UPI (India) and AANI (UAE) instant payment platforms, and RuPay (India) with JAYWAN (UAE) debit/credit cards, facilitating seamless cross-border transactions. PM Modi expressed gratitude for the UAE’s support in constructing the BAPS Temple in Abu Dhabi, a symbol of UAE-India friendship. Additionally, he emphasised the importance of cooperation between various sectors and expressed his gratitude for Sheikh Mohamed bin Zayed Al Nahyan’s cordial welcome.

S Jaishankar, Ajit Doval, and Vinay Kwatra were important members of the Indian delegation who added to the proceedings of the meeting. The recent launch of UPI services in Mauritius and Sri Lanka was welcomed by PM Modi, who emphasised the blending of old ties with new digital developments.

Notably, UPI payments are becoming more popular worldwide as several nations have adopted them, including France, the United Arab Emirates, Mauritius, Sri Lanka, Singapore, Bhutan, and Nepal. Additionally, the Indian government has been actively promoting UPI as a convenient and secure mode of digital transactions within the country.

Indonesia Is All Set For The World’s Biggest Single-Day Election

Indonesian authorities are geared up for today’s election, deploying 25,000 police to ensure security. The election marks a milestone in the country’s democratic journey since the end of authoritarian rule 25 years ago.

Overseeing economic growth and stability, President Joko “Jokowi” Widodo has established Indonesia as a hub for international corporations in the supply chain for electric vehicles. However, in the run-up to the election, complaints of political involvement and attempts to create a political dynasty have emerged. Jokowi isn’t endorsing any one candidate, but his relationship with Prabowo Subianto—a former special forces commander whose son is a vice president candidate—has garnered media interest.

According to opinion polls, Defence Minister Prabowo might receive more than 50% of the vote and win hands-down.

There are still issues; weather warnings affect voting in West Java, and flooding forces Central Java to postpone voting. Accusations of election rule violations against Jokowi have stirred controversy, leading to protests against perceived democratic regression.  After the fall of Suharto’s regime in 1998, student-led protests that marked Jokowi’s presidency initially represented a break from Indonesia’s political past.

Malaysia’s Largest Port Aims To Bring New Investors For $11 Billion Expansion

Westports Holdings, the largest port operator in Malaysia, is considering external strategic investors to help with an RM39.6 billion (S$11.1 billion) expansion that will see nearly double capacity in the coming decades.

Executive chairman Ruben Emir Gnanalingam expressed openness to potential investors who could contribute value, mentioning options like a dividend reinvestment plan and borrowing for funding.

The expansion aims to increase capacity from 14 million to 27 million 20-foot equivalent units by 2082. Beginning in 2027, eight new container terminals will be progressively operational. This mirrors ambitious port developments across the Malacca Strait, including Singapore’s $20 billion Tuas Port, set to be the world’s largest automated terminal by 2040.

Thailand has proposed a $28 billion “Landbridge” project to bypass the Strait’s congestion by linking seaports, reducing travel time. However, Westports remains unconcerned, citing a lack of serious consideration among customers.

Amid increasing environmental scrutiny, Westports focuses on sustainability. The maritime industry’s greenhouse gas emissions rose by 20% in a decade, prompting efforts for net-zero emissions by 2050. Despite mixed results in reducing carbon footprints, the company reconsiders electric vehicle (EV) usage due to its grid’s emissions, primarily coal-powered.

Japanese Stocks Outshine Europe And The U.S. Before Key Inflation Data

On Tuesday, Japanese shares surged to a 34-year high, with the Nikkei hitting 38,010, near its 1989 record. It has seen a surge of more than 13% this year after rising 28% in 2023.

European stocks and S&P 500 futures dipped as investors awaited a US inflation report influencing Federal Reserve policy. The dollar and Treasury held steady ahead of the data. Due to investments in cryptocurrency-backed ETFs, bitcoin was hovering around $50,000.

Max Kettner, HSBC’s chief multi-asset strategist, remarked that U.S. yields had increased year to date. He pointed out that in the absence of significant tightening from the Bank of Japan, which would adversely affect the Japanese yen, it provided support to the export-driven Japanese equity market.

European stocks, including Germany’s DAX, retreated, with the Stoxx 600 down 0.51%. S&P 500 and Nasdaq futures declined, despite the S&P 500 hitting a new intraday high.

Britain’s FTSE 100 slid while the pound rose against the euro on strong wage growth data. US inflation data expected at 1330 GMT could affect markets, with economists anticipating a 2.9% CPI rise. The yen hovered near 149.4 per dollar, reflecting a 6% drop this year amidst expectations of prolonged BOJ easing.

Apple Tops The Race To Acquire Most AI Startups In 2023 Beating Google And Meta

In 2023, American tech giant Apple beat out competitors in the BigTech space to acquire the most startups. According to Stocklytics, which gathered their data from Statista, Apple purchased up to 32 artificial intelligence startups last year to strengthen its AI capabilities.

This strategic move bolsters Apple’s AI capabilities across its products and services. Financial analyst Edith Reads highlighted Apple’s significant deals, which bring in top talent and innovative technologies. While Apple remains discreet about its AI integration plans, its approach encompasses talent acquisition, technology integration, and intellectual property expansion.

Key acquisitions include Voysis for voice assistants, WaveOne for video compression, and Emotient for expression recognition. Apple targets early-stage startups to anticipate emerging AI trends. Despite advances by competitors like Samsung and Google in AI, Apple’s aggressive acquisition rate hints at ambitious plans for future devices and services.

Apple’s secretive nature obscures exact figures, but analysts estimate an acquisition rate of 2–3 startups per week. Apple’s pursuit of promising AI startups is evidence of its commitment to leading the race, in contrast to Google and Microsoft, who appear more interested in acquiring established businesses. However, Apple rarely discloses its acquisition intentions.

Maxwell Equals Rohit’s World Record For 5 Centuries in T20I Cricket

Glenn Maxwell’s phenomenal 120-run knock against West Indies in the 2nd T20 match at Adelaide Oval not only powered Australia to a monumental 241-4 but also drew him level with Rohit Sharma’s T20I century record.

Maxwell displayed his exceptional hand speed and bowler-dominating abilities during his blazing performance, which included 12 boundaries and 8 sixes. Together, he and Tim David scored 92 runs, which strengthened Australia’s dominant lead.

Rovman Powell’s resilient 63 off 36 and Andre Russell’s stunning 37 off 16 gave West Indies optimism despite a rocky start. However, the relentless pressure from Marcus Stoinis (3-36) and debutant Spencer Johnson (2-39) ultimately stifled their chase, restricting them to 207-9 in 20 overs. With the wickets of Josh Inglis, Marsh (29 off 12), and David Warner (22 off 19), Australia’s batting suffered early blows, falling to 64-3 in 6.4 overs.

Nevertheless, Maxwell’s heroics and contributions from other batsmen powered Australia to an imposing total. Australia is ready for the T20 series to be successful after winning the opening game in Hobart by 11 runs. The third game between the two clubs is scheduled for Perth, and it should be an exciting one.

PM Modi Meets Family Members Of Former Bihar CM Karpoori Thakur

On Monday, Prime Minister Narendra Modi met the family members of late Bihar Chief Minister Karpoori Thakur, who was posthumously honoured with the Bharat Ratna, India’s highest civilian award. Thakur’s family expressed gratitude during their meeting at the Prime Minister’s official residence in Delhi. His son, Ram Nath Thakur, a Rajya Sabha member, represented them.

Modi praised Karpoori Thakur as the protector of the underprivileged, highlighting his dedication to social justice. Ram Nath Thakur compared the event to a second Diwali celebration and expressed gratitude on behalf of the family, Bihar, and underprivileged groups.

Ranjit Kumar, Thakur’s grandson, shared the Prime Minister’s outreach after the award announcement and described meeting the PM as a family member. Born in 1924, Karpoori Thakur climbed through the ranks of the Nai Samaj to become the Chief Minister of Bihar, where he steadfastly promoted affirmative action and social equality.

Thakur’s political journey, which saw him go from the Praja Socialist Party to the Janata Party and then the Janata Dal, represented his dedication to empowering the underprivileged. His legacy is one of compassion and tenacity, encouraging continued work towards a more equitable society.

Karpoori Thakur passed away in 1988, leaving a lasting impact on Indian politics and social justice.

Sri Lanka And Mauritius To Start India’s UPI Transactions

Sri Lanka and Mauritius recently launched India’s Unified Payment Interface (UPI), expanding India’s digital infrastructure globally. Prime Minister Narendra Modi, along with Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth, will witness the event virtually. The launch includes RuPay card services in Mauritius, enhancing digital connectivity and enabling faster transactions between nations.

Bhutan established the first international UPI transactions using the BHIM app in July 2021, and France followed suit by starting to accept UPI payments at the Eiffel Tower. The UAE and Oman have partnered with NPCI International Payments Limited for secure transactions using BHIM UPI. Meanwhile, the Reserve Bank of India and the Monetary Authority of Singapore have linked UPI and PayNow for swift cross-border transactions.

Nepal is poised to join the UPI network soon, with plans for digital payment gateways between India and Nepal by February 2024. NPCI has extended UPI access to non-resident Indians in select countries, including Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the USA, Saudi Arabia, the UAE, and the United Kingdom, using international mobile phone numbers. India aims to share its fintech innovations and digital infrastructure with partner countries, reinforcing its leadership in the field.