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Why does investment fraud continue to occur? – The Jakarta Post – Jakarta Post

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The year 2020 has just begun and yet several fraud cases have already made headlines. This includes the seemingly endless wave of investment fraud of various forms and size.
The massive MeMiles investment scam case, for example, was recently uncovered by the police, after its alleged mastermind amassed around Rp 750 billion (US$54.6 million) from hundreds of thousands of victims. Like in other investment scam cases, the victims were lured by unrealistically high returns for their investment.
Such cases are not new to Indonesian people. In fact, every year, thousands of Indonesians fall victim to such schemes. Last December, the Financial Service Authority (OJK) uncovered 182 fraudulent investment schemes. Despite the government’s best efforts, in particular through the Financial Services Authority’s investment alert task force, in preventing and uncovering investment fr…

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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Investment

New Brunswick announces $84.7 million investment to support public schools – CTV News Atlantic

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The New Brunswick provincial government has announced they will invest $84.7 million to support public schools in the province.

The government says the investment will be made during the 2022-23 fiscal year and will include $3.7 million for two new projects and $8.8 million to support the provincewide ventilation program.

A large portion of the investment, $72.2 million, has been earmarked to support ongoing construction projects, capital equipment, improvement work, and the dust collector program.

Dominic Cardy, education and early childhood development minister, tabled the department’s capital budget estimates today in the legislative assembly.

“Students need safe learning environments that meet their educational needs in order for them to learn and be successful long after graduation,” said Cardy.

“The investments we make today will not only support learning and address space deficiencies, but they support long-term community growth and strategic infrastructure planning across the education system.”

According to the province, the projects include a new kindergarten-to-Grade 5 school in Fredericton, which will replace Nashwaaksis Memorial School and McAdam Avenue School, and a new kindergarten-to-Grade 8 school for Saint John’s central peninsula.

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Oil Investments Must Rise to Offset Energy Prices, Soaring Inflation – Bloomberg

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The Riyadh-based International Energy Forum has called on companies to raise investment in oil and natural-gas production to $523 billion a year by the end of this decade to prevent a surge in energy prices and economic unrest.

The think tank’s comments echo those of Saudi Aramco, whose chief executive officer on Monday said there could be “chaos” unless governments stopped discouraging investment in fossil fuels.

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Personal Finance: Investing in Fund Managers in 2021 Was a Bad Investment Idea – Bloomberg

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As Leo Tolstoy taught us at the beginning of Anna Karenina, “Happy families are all alike; each unhappy family is unhappy in its own way.” It’s a lesson being relearned by investors in European asset managers, whose shareholdings have woefully missed out on the gains enjoyed across the broader equity market this year.

The environment for the fund-management industry continues to be challenging, to say the least, with downward pressure on fees, investor preference for cheap index-tracking products and an expensive arms race to keep up with the latest technology. But the biggest laggards among Europe’s standalone money managers have underperformed for idiosyncratic reasons.

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