Pakistan take unassailable 2-0 lead in T20I series against Zimbabwe with crushing win | Cricket News

first_imgYoungster Haider Ali and captain Babar Azam plundered half centuries as Pakistan crushed Zimbabwe by eight wickets in the second Twenty20 international on Sunday.Ali, 20, playing in only his third Twenty20, made an unbeaten 66 off 43 balls and Azam (51) hit a second successive half-century off 28 deliveries that eased Pakistan to 137-2 in 15.1 overs.Fast bowler Blessing Muzarabani got both wickets to finish with 2-33 but the rest of the Zimbabwe attack struggled to contain Ali and Azam’s fluent strokes.- Advertisement – Ali scored a half-century in his Twenty20 debut against England in September and hit six fours and three sixes in yet another impressive knock on Sunday.- Advertisement – Haider Ali hit an unbeaten 66 to seal Pakistan's series victory against Zimbabwe
Haider Ali hit an unbeaten 66 to seal Pakistan's series victory against Zimbabwe

Investors turn to government bonds amid market uncertainty

first_imgIndividual investors are showing growing appetite for government bonds (SBN) because the low-risk securities provide promising returns amid uncertain market conditions, financial analysts have said.Jason Gozali, founder and CEO of Investor Muda, one of the biggest investor communities in Indonesia, said that investors’ appetite in SBN was growing.“So far, retail investors’ interest in SBN is increasing because it is considered low-risk in comparison to other volatile assets,” he said in Jakarta on April 14. This did not mean, however, that many investors in the equity market had switched to the bond market, said Jason. On the contrary, many online stock trading sites had seen more than a 20 percent rise in trading value compared to last year’s figure.More moderate millennial investors preferred bonds as their investment vehicle and more aggressive millennial investors generally purchased bluechip stocks while they were still cheap, explained Jason, who is also a fund manager and investment consultant.“With the ongoing volatile condition and economic [slowdown], investment potential in bond instruments, including retail bonds, are becoming more attractive,”  head of fixed income research Handy Yunianto of Mandiri Sekuritas  told The Jakarta Post on April 15.With close to zero risk, relatively short tenors and attractive yields in comparison to the market interest rate, government bonds were among the top picks in investment, he elaborated. Handy shared Jason’s view that the growing interest in bonds did not indicate that equity investors had migrated to the bond market.  Each investor had their own risk-return preference, he noted.“However, investing in bonds might see a slight increase” on expectations of lower interest rates, he said, stabilizing currency and curtailing economic growth.Assistant vice president Adra Wijasena of RHB Sekuritas Indonesia told the Post on Friday that in spite of current global uncertainties prompting retail investors to hold on to their cash, investing in SBN was still attractive.Adra explained that liquidity risk could be minimized as long as the trading volume and frequency of SBN in the secondary market was still “quite good”.The confidence of retail investors was apparent in the latest issuance of sharia-compliant government retail bonds (Sukri), while the government saw oversubscription of its Sukri SR-012 bond series between Feb. 24 and March 18.“The public response was very good,” government debt papers director Deni Ridwan of the Finance Ministry told the Post on May 14.The government raised its bond issuance target from an initial Rp 8 trillion (US$537.53 million) to Rp 12.14 trillion, according to the Finance Ministry’s financing and risk management office (DJPPR).But the Sukri SR-012 saw a little under 24,000 buyers compared to 35,000 buyers for the Sukri SR-011 in 2019. The demographics of bond buyers had also changed, with millennials making up 39.58 percent of SR-012 buyers and baby boomers making up 36.5 percent of SR-011 buyers, according to DJPPR data.“Details on the [bond] type and amount are still under discussion. Hopefully, we will be able to publish the information in the near future,” Deni said, when asked about the upcoming issuance of retail SBN in June.The government plans to issue the retail savings bond (SBR) series SBR-010 from June 23 to July 9, according to the Finance Ministry’s issuance calendar.The government also plans to issue six SBN bonds this year, down from 10 bonds last year. Government bonds have a key role in financing the state budget and the national COVID-19 mitigation efforts.“We will prioritize SBN issuance through a market mechanism, including retail [bonds], [valued at] around Rp 50 to Rp 70 trillion,” Finance Minister Sri Mulyani Indrawati said on April 30 at a working meeting with House of Representatives Commission XI overseeing financial affairs.Topics :last_img read more

SOCU charges Nandlall

first_imgLaw books vendetta…as court releases him on self-bailBy Jarryl BryanFormer Attorney General and Minister of Legal Affairs, Anil Nandlall, was on Thursday arraigned before Georgetown Magistrate Fabayo Azore on a charge instituted by members of the Special Organised Crime Unit (SOCU) which detailed that, between May 15 and May 29, 2015, while being a bailee (custodian), he had fraudulently converted to his own use and benefit 14 Commonwealth Law Reports, valued at $2.3 million — which he allegedly unlawfully retained after demitting office in 2015.Nandlall arrives at court for a second time, accompanied by two of his attorneysRepresented by a battery of attorneys that included former Education Minister Priya Manickchand, as well as Glenn Hanoman, Sase Gunraj, Euclin Gomes and Sanjeev Datadin, Nandlall’s entry into the courtroom was preceded by his eminent legal representation, and he was initially informed by the magistrate that the case file was not with her clerk. This caused some commotion as the lawyers tried to determine whether SOCU officers were attempting to manipulate the system to further detain Nandlall.There was a terse exchange between Magistrate Azore and Attorney Hanoman, who argued that the matter should be dealt with expeditiously, as Nandlall’s liberty was at stake. Magistrate Azore eventually told the defence battery of lawyers to leave the courtroom as the case file was not in her possession, prompting the team to mull filing a Habeas Corpus that would have compelled SOCU to bring Nandlall before the court to have his case heard.Nandlall, meanwhile, was taken from the magistrate’s presence, but as the case file was brought to the magistrate after a delay, he was returned to court, and the former Attorney General was not required to plead to the indictable charge.Defence Attorney Hanoman, arguing for self-bail, said Nandlall was a former Attorney General of Guyana and, moreover, in 19 years of legal practise, had never had an incident. He also referred to Nandlall’s address as his fixed place of abode.It was also pointed out that the High Court had only days before granted Nandlall a conservatory order preventing SOCU from seizing the said law books.State Prosecutor Patrice Henry informed the court that more statements had to be taken in relation to the matter. As such, Nandlall was released on self-bail. He is scheduled to return to court on May 9.ArrestNandlall later told the media that SOCU operatives had gone for him at his law office earlier in the day, and had whisked him away to their headquarters. Shortly after members of the media had arrived at the unit’s headquarters at approximately 12:00hrs, Nandlall was brought out by SOCU operatives to be taken to the Georgetown Magistrates’ Courts.Nandlall arrived at the courthouse in a heavily tinted SOCU vehicle, but remained outside the courtroom in SOCU custody. After some time had elapsed, the SOCU officers had drove away with Nandlall while his lawyers frantically tried to determine where the officers were taking him.VendettaOutside the court, Nandlall told the media he was not surprised by the charge, which he stated was a long time coming, after he had begun criticising the performance of Attorney General Basil Williams.“I don’t think anyone would be surprised by the turn of events. The Attorney General promised over a year ago that, should I continue to publicly criticise him, he will make these law books an issue and I will be charged,” Nandlall claimed.“This has nothing to do with the law books. As I indicated earlier, it has a political and sinister motive. (But) the state will expend millions of tax payers’ money to prosecute this charge, and it will go nowhere.”The former Attorney General expressed conviction that he was being persecuted, and he said this was one of several attempts to embarrass and silence him and to break his spirit. He insisted that the charge should not have even been filed, since he had already begun proceedings in the High Court.“The Constitution is very clear: A magistrate ought to defer to the superiority of the High Court and the superior law of the land. Hopefully, at an appropriate stage, that application will be made and it will be dealt with,” he said.“I am happy that this is being done, so the world is witnessing how quickly we have descended (into authoritarianism). Today it is Anil Nandlall, tomorrow it can be any one of you. Your business is exposing (wrongdoing) (and) that is my business as a politician, too. And that is all that I’ve been doing — exposing wrongdoings.”Nandlall reiterated that part of the package he had negotiated with former President Donald Ramotar was that the state would pay his subscription for the law books with United Kingdom publisher Lexis Nexis. He insisted that Government could not produce any document to verify actually buying his law books.Nandlall opined that his arrest and indictment was just the tip of the iceberg. According to him, it is likely that the state will bring more opposition politicians and former ministers before the courts.last_img read more