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Daily Express
04-07-2025
- Sport
- Daily Express
80-year-old bags gold in taekwondo
Published on: Friday, July 04, 2025 Published on: Fri, Jul 04, 2025 By: Abbey Junior Text Size: Khong stands on the podium after winning gold. SANDAKAN: The Sandakan Sports Complex was alive with energy as the DGTC 2025 Taekwondo Invitational Tournament drew 323 participants of all ages over the weekend. The two-day tournament showcased the growing popularity of taekwondo in Sabah, with athletes as young as five and as senior as 80 participating in various competitive categories. Advertisement The event, organised by Dragon Generation Taekwondo Club (DGTC), brought together athletes from six local clubs across Sandakan — DGTC, Warisan Sandakan Taekwondo Club, Nature City Taekwondo Club, Interior Taekwondo Club, High Kick Taekwondo Club and MBV Taekwondo Club. Sandakan MP Vivian Wong Shir Yee, who officiated the closing ceremony, praised the tournament for promoting values that go beyond sport. 'Taekwondo is not just about physical fitness — it teaches perseverance, self-discipline and mental strength, which are all vital for building character,' she said. She said events like this not only uncover young talent but also help foster unity and resilience in the community through martial arts. Five categories were contested, namely Kyorugi (sparring), Virtual Taekwondo, Poomsae (forms), Freestyle Poomsae, and Gyeokpa (breaking techniques using hands and legs). One of the most inspiring moments came from 80-year-old Lily Khong Chau Fa, a housewife originally from Selangor who moved to Sandakan in 2013 to help care for her grandchildren. Khong, who only picked up taekwondo in March last year, clinched gold in the Recognised Poomsae Female 46 years old and above (Individual, Category B) — her fourth gold medal in as many tournaments. 'I used to just accompany my grandchildren to training. Then I thought, why not join them? It's good exercise, and I feel healthier since I started,' she said. Now holding a green-blue belt, Khong trains with DGTC and credits her coach for encouraging her participation and guiding her with dedication. 'We are so lucky to have a wonderful coach who believed in me. I'm grateful to be part of this club.' The tournament was judged by a panel of certified referees including Master Muhd Zaini Usop, Master Mujayal Ebno, Master Aduring @ Musri Habib Mohammad, Master Rizal Aninus, Kevin Amit, Muhd Hamzah Robert, Ibrahim Hussein, Siti Nuraini Mohd Ali, Chau Li Phin and Arman Juakaal. Supporting the event behind the scenes was a dedicated technical team made up of Mohd Eyzrol Syafiq Peter, Khairul Iman Mohd Firdaus and Daneal Adam Francis. DGTC president Rita Dragon and tournament co-organiser Master Ahmad Khalid @ Robert Dragon expressed pride in the participants' commitment, adding they hope the tournament will become an annual official event in Sandakan. The tournament concluded with a medal and certificate ceremony, followed by a crowd-pleasing freestyle poomsae performance by taekwondo athletes. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
11-06-2025
- Automotive
- Yahoo
Fund manager who sold Tesla, just in time, says investors are overlooking these tech bargains
Two weeks ago, Wall Street veteran Gary Black sold his remaining Tesla shares, helping clients sidestep a selloff driven by a public fallout between Chief Executive Elon Musk and President Donald Trump. Black's unease with Tesla TSLA goes back a ways. When the managing partner of The Future Fund launched the One Global ETF FFND in August 2021, he snapped up Tesla, which quickly became the biggest position. By the second quarter of 2022, he began to trim as Musk started cutting electric-vehicle prices. Why Goldman Sachs says high-flying tech stocks may be headed for a tough stretch 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell? U.S. debt-limit deadlock is making this favorite asset more scarce My friend, 83, wants to add me to his bank account to pay his bills. What could go wrong? One of our children has legal knowledge and lives far away, the other lacks financial savvy but lives nearby. Who should we appoint as executor? 'We didn't think that was a smart move. It turned out not to be a smart move, because they didn't get any incremental volume,' Black told MarketWatch in an interview on Monday. His Tesla haircuts continued, peppered by such worries as 'hype around unsupervised autonomy,' and when he finally exited it completely at $358 per share, valuation had gotten 'excessive.' Tesla shares need to be priced 'a lot less than they are today' for Black to repurchase. 'I don't want to call this stock uninvestable because at some price we would buy it back again, but with that level of volatility it almost makes the stock uninvestable at times,' he said, adding that Musk needs to 'keep his mouth closed and focus on the business.' Black, whose nearly 30-year career includes stints as CEO of Aegon Asset Management and Janus Capital, and his firm look after about $72 million in One Global, and the Long/Short ETF FFLS, roughly $49 million. One Global has returned 6.5% this year and 15% over three years, annualized, according to Morningstar, versus its MSCI All Country World Index benchmark returns of 7.3% and 14.3%, respectively. Black is now focused on what he sees as big tech bargains, such as Nvidia NVDA. The company's stock-picking process begins with 'ten long-term circular mega trends,' such as e-commerce, 24/7 information technology and, of course, artificial intelligence. 'We like the AI road map in front of [Nvidia] and they still can't make enough of their high-end AI chips. They continue to have extremely high demand for it, and they're still capacity constrained,' he said. Tesla, even with its recent decline, is still trading at 150 times forward earnings, while Nvidia sits at around 32 times, but is growing earnings, Black said. 'If you look at price-to-earnings relative to growth, which is how we think about the world, in a simplistic way, it's still reasonably cheap.' Meta META is also a big position. 'We like the growth we're seeing in Instagram and Facebook and WhatsApp. Again, the stock has done well, but it's still a very cheap stock,' trading at about 27 times earnings, he said. Then there's AMZN, and its vastly expanded offerings. 'You can buy prescription drugs over it now. You can buy tires, you can buy cars. It's become the go-to place if you want to buy anything,' and at around 35 times forward earnings, is now far less expensive, he said. He also flags DoorDash DASH. 'People don't have the time to make their own food anymore, so they order from the restaurants they love and [DoorDash] has gotten more and more restaurants on the platform, and as a result of that, the stock has done extremely well,' he said. Like Nvidia, DoorDash is reasonably priced, trading at 54 times forward earning, he said. His short bets in the Long/Short ETF, are about either poorly positioned companies or companies facing disruption. Those include Booking Holdings BKNG, which is in a 'very competitive business,' he said. 'We don't really see the proprietary technology to allow that to continue to gain share, so we decided that was a good short.' Fintech group Sofi Technologies SOFI is another. 'They've expanded their loans. and we just worry that they've grown too fast. and that's why it's a decent short we believe.' As the S&P 500 SPX continues to push past 6,000, Black says he's still bullish on the market overall, with expectations the Fed will likely to start cutting interest rates, though not as fast as Trump would like. 'I think what has happened because of the tariffs, the odds are you are going to have a first rate cut by September now,' he said. What else worries Black? He points to concerning 'pockets' of the market currently, such as the blockbuster Circle CRCL IPO, of which they didn't take part. 'We have stocks that are trading at very high multiples that aren't related to their earnings growth. We're always wary, especially in the growth space, that you've got speculative excess, and I think there are areas where people are just getting overly exuberant about prospects. And that's always negative,' said Black. Read: 'Big Money' turns bullish on stocks. Will that lead the S&P 500 to a 'melt up'? U.S. stocks SPX DJIA COMP are inching higher, while Treasury yields BX:TMUBMUSD10Y BX:TMUBMUSD02Y drop. Key asset performance Last 5d 1m YTD 1y S&P 500 6005.88 1.18% 2.77% 2.11% 12.03% Nasdaq Composite 19,591.24 1.81% 4.72% 1.45% 13.95% 10-year Treasury 4.456 -1.40 -1.70 -12.00 5.10 Gold 3349.9 -0.80% 2.93% 26.92% 43.53% Oil 65.56 3.50% 3.03% -8.78% -16.14% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. Trade talks between the U.S. and China continue in London on Tuesday. Tesla shares TSLA are tracking Monday's gains after more signs of a cooling feud between Musk and President Trump. J.M. Smucker stock SJM is down 7% after mixed results and a weak profit forecast from the food maker. Uber UBER said it's going to pilot self-driving cars in London. Tencent Music TME is reportedly buying China audio platform Ximalaya for $1.26 billion. The shares are rising. GameStop GME reports results after the close, and this analyst isn't that upbeat. A small-business optimism index was slightly more upbeat for May, with those expecting better business conditions at a historical high. Gold and the S&P 500 are chasing record highs at the same time. Here's why that's so rare. The White House marching orders that sparked the L.A. migrant crackdown. Mark Zuckerberg is handpicking a new 'superintelligence' AI team. Here's more evidence institutional investors are buying stocks again. This State Street risk-appetite index, based on the firm's $44 trillion of assets under custody and administration, shows 'long-term investor allocations to equities rose anew in May to levels last seen on the cusp of the Liberation Day announcement in early April,' said Dwyfor Evans, strategist at State Street Global Markets. While flows to stocks rose, investors continued to shun the dollar and U.S. Treasurys, Evans said. These were the most searched tickers on MarketWatch as of 6 a.m. Ticker Security name TSLA Tesla NVDA Nvidia GME GameStop PLTR Palantir Technologies PLUG Plug Power AAPL Apple TSM Taiwan Semiconductor Manufacturing AMD Advanced Micro Devices KLTO Klotho Neurosciences AMZN Amazon No joke. Comedian on why planes crash. Who you gonna call? Frustrated couple 'steal back' their own Jaguar. 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? I bought my mother-in-law a condo — and she took out a $30,000 car loan. Now she refuses to get a roommate. How do I make sure my son-in-law doesn't get his hands on my daughter's inheritance? My life partner is 18 years my senior. He wants to leave his $4.5 million fortune to me — not his two kids. Do we tell them? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Record
03-06-2025
- General
- Daily Record
Easy and tasty three ingredient shortbread recipe ready in just over half an hour
Shortbread is a beloved Scottish treat said to date back to Mary Queen of Scots, and a simple three-ingredient recipe now makes it easy to enjoy year-round Shortbread has long been a cherished part of Scottish heritage, with its buttery, crumbly texture beloved for generations. Legend even credits Mary Queen of Scots with its creation, and it remains a staple of Hogmanay celebrations to this day. But there's no rule saying you can't enjoy it in the summer, too, and now, an easy homemade recipe could help you do just that. Culinary experts at Taste of Home have shared a fuss-free recipe requiring just three simple ingredients and a little over half an hour of your time. Better still, the recipe yields four dozen shortbread fingers, perfect for sharing, or not. Submitted by Rose Mabee from the town of Selkirk in Manitoba, Canada (a fitting name for a Scottish-inspired bake), the recipe calls for: 500ml of softened butter 250ml of packed brown sugar Between 500g and 600g of all-purpose flour To make it, preheat your oven to 180°C and cream together the butter and sugar until light and fluffy. Add 450g of flour and mix well. Tip the dough onto a floured surface and knead for five minutes, gradually adding the rest of the flour until you have a soft, workable dough. Roll it out to a half-inch thickness and cut into strips, 3 inches by 1 inch is ideal, or get creative with circles or triangles. Prick each piece with a fork, place them an inch apart on an ungreased baking sheet, and bake for 20 to 25 minutes until lightly golden. Cool before serving, if you can keep any hands off them, and enjoy with a hot cup of tea or coffee. If you're feeling adventurous and want to add a twist to the classic, food creator Dee, of Dee & Sweets, has turned heads with her indulgent cinnamon roll version of shortbread. The bars have all the buttery richness of a traditional shortbread base, layered with a sweet cinnamon filling and topped with vanilla frosting. Dee's creation has quickly become a favourite among foodies for its clever combination of comforting flavours and beautiful presentation. Cinnamon roll shortbread recipe: For the crust: 225g butter, softened 150g caster sugar 1 tbsp vanilla extract 312g all-purpose flour ¼ tsp salt 1 tbsp demerara sugar For the filling: 55g butter, softened 100g brown sugar 1 tsp cinnamon 1 tsp vanilla extract For the frosting: 55g cream cheese 112g butter 125g icing sugar 2 tsp vanilla extract Start by preheating your oven to 175°C and lining a 9×9 inch baking tin with greaseproof paper. Cream together the butter and sugar for the crust until light and fluffy, then mix in the vanilla. In another bowl, combine the flour and salt, then add to the wet mixture in stages, mixing until just combined. Press two-thirds of the dough into the tin, saving the rest for later, and chill the base for 15 to 30 minutes. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. Bake the crust for about 15 minutes until just turning golden and set it aside to cool slightly. Meanwhile, mix the filling ingredients into a soft spread. Spoon the cinnamon mixture over the base and spread evenly. Roll out the reserved dough and tear into flat clusters, loosely placing them on top to create a lid. Sprinkle demerara sugar on top and bake again for 30 to 35 minutes until golden brown and bubbling. While it cools, make the frosting by beating the cream cheese, butter, icing sugar and vanilla together until smooth and creamy. Spread over the bars once they've cooled slightly, slice into squares, and serve. Whether you stick to the classic or try the cinnamon twist, shortbread remains a timeless treat that proves some traditions never go out of style.
The South African
29-05-2025
- Politics
- The South African
United States issues updated travel warning for South Africa
The United States has updated its travel advisory for South Africa, adding new warnings about terrorism risks and tightening security protocols for US government employees. While the country remains at Level 2 – 'Exercise Increased Caution''' – the enhanced advisory reflects growing diplomatic tensions between the two nations. The updated guidance, issued by the US Department of State on May 27, now includes a warning about the risk of terrorist violence in South Africa, although it does not identify any specific threats or groups. In addition, travelers are being urged to remain vigilant in urban centers after dark and avoid traveling outside major metropolitan areas at night due to heightened crime risks and road safety concerns. US officials working in South Africa now face stricter movement restrictions. They must secure special authorisation to enter certain township areas near Cape Town and are required to use armored vehicles during limited visiting hours. The travel update comes just days after a contentious Oval Office meeting between President Donald Trump and South African President Cyril Ramaphosa on May 21. Trump cited alleged attacks on white farmers and accused South Africa of enabling a so-called 'white genocide' – claims that have been widely debunked. President Ramaphosa pushed back, stating that while South Africa faces serious criminal challenges, violence is not racially exclusive. 'There is criminality in our country,' Ramaphosa said. 'People who do get killed, unfortunately through criminal activity, are not only white people. The majority of them are black people.' The South African leader also reaffirmed that land reform efforts are aimed at addressing historical injustices, not racially motivated land seizures. This advisory is the latest in a series of developments straining US-South Africa relations. In recent months: The US cancelled development aid to South Africa to South Africa Offered asylum protections to white Afrikaner groups Expelled South Africa's ambassador following public criticism of President Trump. The upgraded travel guidance now appears to reflect a hardening US posture towards South Africa amid the political fallout. Despite the advisory level remaining at Level 2, the US government's updated stance suggests travelers should exercise greater vigilance, particularly in high-crime areas and during night-time travel. Government employees face restricted access to certain regions, underscoring US concerns over security and political stability. The long-term impact of the diplomatic spat remains to be seen. Analysts warn that if tensions escalate further, it could affect bilateral cooperation on trade, security, and regional development. For now, South Africa remains open to American travelers, but the message from Washington is clear: caution is advised. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
