Economics
Learning for all: shared principles for equitable and excellent basic education systems
More than 200 participants – including government officials, policymakers and education experts from over 20 countries gathered in Jakarta, Indonesia, for the global conference Learning for All: Shared Principles for Equitable and Excellent Basic Education Systems.
The conference addressed themes related to improving learning outcomes for all students, including how to support effective teaching and early childhood development, balancing school autonomy and accountability, and how education systems can build the skills needed for the 21st century.
For the host country, Indonesia, the forum provided a valuable chance to look more closely at issues facing its education system.
While Indonesia has made considerable progress on access and education funding (with a commitment to allocate 20% of its budget to education), it faces critical challenges including efficiently using resources in a highly decentralized context, investing in early childhood, and needing to boost teacher quality along with learning outcomes.
Senior officials from Indonesia’s government ministries shared insights into Indonesia’s current reforms including teacher policies, school operating grants, conditional cash transfer programs, and early childhood development strategies.
From the experiences shared as well as research presented, participants were able to draw many relevant lessons to help strengthen their education systems. An overview of education performance in the region from the World Bank’s forthcoming regional Education Flagship Report showed that EAP countries are among the top performers on PISA, and that they have invested heavily in creating excellent education systems. Among these lessons, the conference revealed that high performing systems:
- carefully select, groom and value their teachers by attracting high performing students into the teaching profession and providing relevant pre-service and in-service training in pedagogy and subject content;
- create a structure and culture that promotes collaboration between teachers;
- strategically use targeted measurements to promote accountability and drive reform;
- invest early in children’s development;
- view schools and parents as partners in education;
- and are innovating to connect with industry, in order to link education systems to employment.
Former and current ministry officials also shared relevant lessons from middle income countries including Peru – which embarked on ambitious system-wide changes to promote equity and quality after placing last on PISA in 2012—and Mexico, which has developed a program to give teachers tools to build the socioemotional skills of adolescents in school. These countries face many of the same challenges as Indonesia and other countries in the region and offered important practical lessons and strategies for participants. Harry Anthony Patrinos, Education Manager, World Bank also shared examples from five reforms across the globe.
The role of measuring education systems was a key topic of discussion as well. Australia shared a critical framework for…
Business
Business Update: Southern Sun Reports Earnings Growth; China Stimulates Property Market – News24
Southern Sun reports increased earnings, attributed to growth in the hospitality sector, while China’s property market receives a boost, reflecting economic recovery and renewed investor confidence.
Southern Sun Earnings Surge
Southern Sun has reported a significant increase in its earnings, showcasing solid financial performance amid evolving market conditions. This growth highlights the company’s resilience and adaptability to changing consumer demands, positioning it well for future opportunities in the hospitality industry.
China’s Property Market Recovery
In a bid to rejuvenate its economy, China has introduced measures to boost its property market. These initiatives aim to stabilize real estate prices and encourage investment, which is crucial for maintaining economic momentum. The government’s commitment to supporting the sector reflects its understanding of the industry’s importance in overall economic health.
Broader Economic Implications
The rise in Southern Sun’s earnings and China’s proactive approach to revitalizing its property market indicate broader economic trends. Investors and stakeholders are keenly observing these developments, as they may signal recovery and growth opportunities in both the hospitality and real estate sectors. The collaboration between local businesses and governmental actions will be pivotal in shaping future economic landscapes.
Source : Business brief | Southern Sun sees earnings rise; China boosts its property market – News24
Business
News Update: China’s Stimulus Falls Short; Sensex and Nifty Decline; Bitcoin Surges Over $82,000
Asian markets showed mixed trends amid China’s stimulus measures and disappointing inflation data. Meanwhile, Indian equities remained stable, with mutual fund inflows rising. Bitcoin surged following Trump’s presidential win.
Business Hook Daily News Podcast
Good evening! Welcome to Business Hook’s daily news podcast. I’m Avni Raja, and today is November 11, 2024. Let’s dive into the day’s top business stories.
Market Reactions and Economic Data
Asian markets experienced a mixed session as investors digested new economic data and stimulus measures from China. The Chinese government announced a $1.4 trillion package targeting local government debt, although analysts deemed it underwhelming. October’s inflation rate of 0.3% fell short of estimates and declined for the second month in a row. As a result, the CSI 300 saw a slight gain, while Hong Kong’s Hang Seng dropped over 1.5%. In India, the Sensex closed below 74,500, and the Nifty ended above 24,100, with a majority of Nifty stocks declining.
Mutual Fund Inflows and Upcoming IPOs
There’s encouraging news in the mutual fund sector, with October seeing net inflows of 2.4 lakh crore rupees, reversing the previous month’s outflows. Record equity inflows have risen to nearly 42,000 crore rupees, reflecting robust domestic investor confidence. In the IPO space, LG Electronics prepares to raise $1.5 billion by listing its Indian arm, with banks like Axis Capital involved in the process, potentially leading to an IPO as early as 2025.
Cryptocurrency Surge
In cryptocurrency news, Bitcoin has achieved new highs, surpassing $82,000. This surge is attributed to Donald Trump’s recent presidential victory, which has favored cryptocurrencies compared to more cautious Democratic approaches. Experts speculate that Bitcoin could surpass $90,000 soon. That’s all for today’s wrap-up. Join us again tomorrow, and check out the Business Hook YouTube channel for more updates.
Source : News Wrap | China Stimulus Disappoints; Sensex & Nifty Slip; Bitcoin Soars Past $82,000
Business
Henry Keswick: The Jardine Scion Who Transformed China’s Business Landscape
Henry Keswick, 86, a key figure in Jardine Matheson, passed away as the U.S. awaited election results, amid heightened tensions in U.S.-China relations during Trump’s presidency.
Henry Keswick’s Legacy
HONG KONG — The world turned its attention to the U.S. presidential election as news broke of Henry Keswick’s passing at the age of 86. A fourth-generation member of the British conglomerate Jardine Matheson, Keswick had a profound influence on the company, which has deep roots in Asia.
Navigating Challenges
Keswick’s leadership spanned significant challenges, including a strained relationship between the U.S. and China, particularly as Donald Trump prepared for his return to the White House. Under his stewardship, Jardine Matheson navigated a complex landscape in retail and real estate that dovetailed with geopolitical shifts.
A Lasting Impact
His contributions to Jardine Matheson and the broader business community have left an indelible mark. As companies reposition themselves amidst evolving international dynamics, Keswick’s legacy will undoubtedly continue to shape the future of the conglomerate he led.
Source : Henry Keswick, the Jardines scion who razed then restored China business
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