August 24, 2020 Dose 36

The Capsule

India's child chess prodigy Praggnanandhaa stunned China to qualify for the Chess Olympiad quarterfinals

TOP STORIES

As COVID-19 cases hit 3 million, health minister Harsh Vardhan twitted, "India will have access to a coronavirus vaccine by the end of 2020"

A Trump campaign aimed at Indian Americans released a commercial featuring PM Narendra Modi

MCX will launch Bulldex - the country's first bullion index

What it means: Bullion is the term used to define gold/silver before coining i.e. when the precious materials are valued by weight. This will allow investors to take exposure to gold and silver without actually owning the individual commodities, and also “hedge” or protect their other investments as it is cash-settled i.e. you do not need to deliver physical gold or silver to close out a trade. 

Russia shipped its first reactor vessel and steam generator for Rooppur Nuclear Power Plant

Students and corporate entities can pay for services abroad more easily

What it means: In light of the growing number of online classes by foreign academic institutions, Bangladesh Bank relaxed its requirements to make payments using foreign currency. Upon receiving supporting documents for enrollment in online courses abroad, authorized dealers can transfer the required funds to institutions directly.

Prominent sculptor Mrinal Haque passed away

Foreign minister Qureshi's visit to China reaffirmed ties with Islamabad

Exports of Ceylon tea in exchange for reducing oil purchase debt from Iran is still held up in talks

International flights will resume from September 1 for citizens and diplomats only

MARKET INDEX

SOUTH ASIA

TODAY

1-DAY

YTD

DSEX

4,794

+0.02%

+7.67%

SENSEX

38,435

+0.56%

-7.05%

KSE100

27,859

-0.77%

-32.71%

CSE

5,282

+0.41%

-11.82%

GLOBAL

S&P

3,391

+0.15%

+4.08%

FTSE

6,002

-0.19%

-21.07%

OIL

45

+1.79%

-32.18%

GOLD

1,941

+0.17%

+27.73%

TECHNOLOGY AND STARTUPS

Samsung will set up a smartphone assembly plant in Pakistan

From The Batman to Justice League and Wonder Woman 1984 - here are the nine biggest announcements from DC FanDome

TikTok will sue the Trump administration

A startup you should follow:

RepairDesk, based in Lahore, provides a cloud-based point of sale system for repair shops. The software does everything from issuing tickets to managing inventory. Additionally, it can send SMS notifications, has a customer relationship management as well as a bill payments feature.

SPORTS CORNER

Pakistani batting legend Zaheer Abbas was inducted into the ICC hall of fame

Bayern Munich beats PSG 1-0 in the Champions League final to clinch the title

Anderson takes three on 3rd day of the final test against Pakistan

PROFESSIONAL DEVELOPMENT

Anonymous FinTwit expert @borrowed_ideas is a Capsule favorite. One of his/her recent articles gave us some insight into how he/she thinks about evaluating potential companies before investing: 

1. Why does this business need to exist, and how does it make money?

2. How big is the market, and how will the economics of the industry change?

3. How do other players make money in this industry? Why is there any difference in their economics?

4. Who has the most flexibility/adaptability in this industry to capitalize on any potential turbulence/economic downturn?

5. Who is the founder(s)/CEO, and what's his/her story?

Intrigued? You can read more about how he applies this checklist to a South Asian grocery delivery startup: Chaldal.com out of Bangladesh.

KEEP IT SHARP

I have cities but no houses, mountains but no trees and water but no fish. What am I?

HERE'S SOMETHING INTERESTING

We often talk about what we need to or should have learned in college, but what are some things we ought to unlearn from college? This blog post sheds some light on the matter. At a high level, the author points out the following sins: 

  1. Waiting to be told what to learn
  2. Working hard to get a good grade; instead, work hard to learn
  3. Saving self-discovery for vacation
  4. Saying something even when there’s nothing to say
  5. Not having a reward or incentive e.g. a video-gaming session after work

OF ART AND ARTISTS

Meet our favorite Nepali-American nurse by day and artist by night - Sapana. Her rocking stone-art is inspired by everything from minions to Arsenal Football Club!

ANSWER

A map

"I want to take art from the living rooms of the elite to the masses. That is why I have done a lot of roadside murals."

--- Mrinal Haque (1958 -2020)

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