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October 19, 2020 | |Post a Comment

first_imgBank Indonesia (BI) has decided to keep its benchmark interest rate unchanged in a move to safeguard the country’s macroeconomic and financial stability amid recessionary risks from the COVID-19 pandemic.After a two-day Board of Governors meeting on Tuesday, the central bank maintained its policy rate – the seven-day reverse repo rate – at 4.5 percent. Lending and deposit rates were also kept at 5.25 and 3.75 percent, respectively.“This decision has taken into account the need to maintain external stability, including the rupiah exchange rate, amid greater global uncertainty,” BI Governor Perry Warjiyo told reporters in a livestreamed briefing on Tuesday. “The central bank sees room for further interest rate cuts to boost the economy amid the low inflation rate.” The rupiah had gained around 4 percent since the end of March to Rp 15,645 per US dollar as of 3.30 p.m. Jakarta time on Tuesday. The currency started to appreciate after the government sold dollar-denominated bonds worth $4.3 billion and BI announced a $60 billion repo line with the US Federal Reserve.The central bank has also decided to step up its quantitative easing measures to boost banks’ liquidity by lowering the rupiah reserve requirement ratio by 200 bps for conventional banks and 50 bps for sharia banks starting May 1. BI will also revoke the banks’ obligation to fulfil the Intermediary Macroprudential Ratio (RIM).“The measures will boost banks’ liquidity by Rp 117.8 trillion,” Perry said.BI has injected almost Rp 300 trillion of liquidity into the financial markets and banking industry to help support the country’s financial stability amid the COVID-19 pandemic.The government, meanwhile, has rolled out a fiscal stimulus worth Rp 436.1 trillion to boost healthcare spending, social safety net programs and an economic recovery program following the outbreak.“Policymakers have taken decisive steps through a massive fiscal stimulus, necessary relaxations and interventions in financial markets to weather the crisis,” University of Indonesia Institute for Economic and Social Research (LPEM UI) economist Teuku Riefky said, adding that the recent conditions were relatively more stable compared with a few weeks ago.“However, policymakers should be careful in taking any next steps as any injudicious measure would stop the momentum gained and defeat the correct steps already taken,” he said. “Therefore, we feel that BI holding the policy rate is appropriate.” Topics :center_img BI has trimmed the benchmark rate twice this year in response to the pandemic and six times in the current easing cycle, which began in 2019, and slashed a total of 150 bps.The central bank now expects the economy to grow 2.3 percent this year, sharply down from a range of 5.1 percent to 5.5 percent projected earlier. Under the worst-case scenario, however, BI expects the economy to contract by 0.4 percent, similar to the government’s projection, after the country recorded 5.02 percent growth last year.Perry said the central bank would step up its interventions to stabilize the rupiah through spot and domestic non-deliverable forward markets and government bond purchases if necessary, adding that the rupiah remained “fundamentally undervalued”. He expressed optimism that the currency could strengthen to Rp 15,000 against the US dollar by year-end.The rupiah has been one of the worst-performing emerging Asian currencies this year as the country’s bond and stock markets saw capital outflows of around Rp 171 trillion (US$10.89 billion).last_img read more

October 19, 2020 | |Post a Comment

first_img“I’d like to thank the women and men of the external intelligence services. Silvia, we look forward to seeing you in Italy!” he added.Chakama is about 60 kilometres inland from the coastal town of Malindi, which is popular with Italian tourists and expatriates.Read also: US tourist, guide, kidnapped in Uganda freed after ransom paid: Safari firmDuring the attack on November 20, 2018, the armed assailants shot and injured five people in the orphanage, including three children. A young Italian woman who was kidnapped in late 2018 from an orphanage in Kenya, has been freed, Prime Minister Giuseppe Conte announced on Saturday.Silvia Romano was 23 and working as a volunteer in the orphanage in Chakama village in southeast Kenya when she was seized by gunmen in November 2018.”Silvia Romano has been freed!” Conte said in a tweet. No details were released about Romano’s release, or about the identity or motivation of her captors.”The state abandons no one,” Italian Foreign Minister Luigi Di Maio tweeted.The kidnapping of foreigners is relatively rare in Kenya, but have had a damaging effect on the country’s crucial tourist economy.A spate of abductions on the coast in 2011 saw a British man shot dead and his wife kidnapped from a resort island, while weeks later a French woman was taken from her home on the Lamu archipelago.Soon afterwards Al-Shabaab gunmen abducted two Spanish aid workers from the Dadaab refugee camp close to the Somali border in the only confirmed case of kidnapping inside Kenya by the jihadists.In April 2019, two Cuban doctors were kidnapped in northeastern Kenya and whisked to Somalia before $1.5 million (1.35 million euros) was demanded for their release.Kenyan police sources said the kidnapping bore the hallmarks of Al-Shabaab, a militant outfit that has been waging an insurgency against Somalia’s foreign-backed government for over a decade.Topics :last_img read more

October 19, 2020 | |Post a Comment

first_imgSevere flooding that hit North Luwu regency, South Sulawesi, on Monday, has left at least 15 people dead and dozens more missing.“The number [of victims] may increase because some villages are still not accessible,” North Luwu Regent Indah Putri Indriani told The Jakarta Post on Tuesday.Heavy rainfall since Sunday caused three rivers – the Masamba, Rongkong and Mely – to overflow. The National Disaster Mitigation Agency (BNPB) reported on Tuesday that the flooding affected 4,930 families across six districts, namely Masamba, Sabbang, Baebunta, South Baebunta, Malangke and West Malangke. The Meteorology, Climatology and Geophysics Agency (BMKG) has predicted rain will continue to fall in the region until Thursday and urged residents to watch out for more flooding.Hundreds of houses and public facilities are buried under 3-5 meters of mud. Access to the villages of Masamba and Radda is also blocked by mud to a depth of 2 meters.The blocked access has not only hindered the evacuation process but also the distribution of logistics and aid.“Now we’re focusing on opening the access to continue search and rescue efforts, as well as distributing aid, especially clothes,” Indah said, adding that a total of 2,650 residents had been displaced.“February was expected to be the peak of the rainy season but it turns out the season has been prolonged. The recent flood is the fourth this year [in North Luwu]. Previous floods occurred in May and June,” said Indah.She also said the latest flood was the most severe as it hit Radda, an area that had never been affected by flooding before. (aly)Topics :last_img read more

October 19, 2020 | |Post a Comment

first_imgCriminal networks are profiting from an “overwhelming” surge in plastic waste being shipped from rich countries to Asia and stoking pollution by burning and dumping waste that was supposed to be recycled, a report by Interpol said Thursday. Plastic consumption has exploded in the last decade, with some 360 million metric tons of waste generated just in 2018, mainly by wealthier nations, Interpol said.At least 8 million tons of plastic are thought to end up in oceans every year.   Plastic planetThe illegal activity does not only touch Asian nations. Interpol said organized crime groups were operating in parts of Europe, warning that related waste crimes were becoming “more complex and increasingly threatening”.In France, it said the mayor of the town of Signes was murdered in August 2019 for trying to prevent illegal waste being dumped.The report said greater international cooperation was needed to curb waste crime, even as rules are set to be tightened from 2021.Commenting on the research, WWF-International called for “systemic change and greater accountability” in the way plastic waste is used and disposed of.  “Waste crime is a rising threat with roots in a more fundamental problem: the inability to manage our plastic use and production,” said Eirik Lindebjerg, global plastics policy manager at WWF-International. Topics : ‘Artificial’ recycling ratesThe report, written with input from 40 countries, said that many recycling targets were impossible to verify given the “poor visibility” into whether waste was in fact recycled. This is of particular concern in countries that do not have the capacity to process even their own domestic rubbish and struggle to enforce regulations.Interpol said some major destination countries report high waste mismanagement rates, including India (87 percent), Indonesia (83 percent) and Malaysia (57 percent). “Those numbers indicate that exporting nations may report artificially high recycling rate for their plastic waste, while in fact strong uncertainties remain on how plastic waste shipped overseas is treated,” the report said. Illicit shipments of waste — from homes and supermarkets in Europe and North America among others — have surged towards South and Southeast Asian nations in the last two years after restrictions on imports were tightened in China in early 2018. As the market shrank in China, which previously processed almost half the world’s plastic waste, firms moved their business to neighboring countries, the report said, adding that the quantities of waste had proved “overwhelming” for some nations.center_img World’s ‘garbage dump’ It said this had spurred growing illegal waste treatment in emerging destination countries, with a pronounced increase in plastic waste being diverted to unauthorized recycling facilities. An example is the small town of Jenjarom, not far from Kuala Lumpur in Malaysia, where plastic processing plants suddenly appeared in large numbers in 2018, with huge mounds of waste piled up in the open and burned, pumping out noxious fumes.Several Southeast Asian nations are trying to push back on this onslaught of international refuse, but Interpol said efforts to repatriate waste remain “long and challenging” and shipments can end up stuck in ports for months or even years. Earlier this year Malaysia sent back dozens of shipping containers of plastic waste to mostly wealthier nations, saying it would not be the world’s “garbage dump”.Challenges include identifying where the waste has come from, as networks re-route illegal shipments and use transit countries to disguise their origin, Interpol said. It warned that even as restrictions tighten in some nations, traders would re-route shipments to “new and vulnerable countries”, noting illegal plastic waste shipments had already been detected heading towards Laos and Myanmar.  Some countries have imposed recycling targets, rising above 30 percent in Europe, and the report said this had helped drive a lucrative market for used plastic that is projected to reach $50.36 billion by 2022.  But it has also spurred unscrupulous operators to cash in on an industry that is difficult to police, Interpol said, adding there was an “urgent” need to identify how criminals were exploiting loopholes in regulation.  The France-based intergovernmental crime-fighting agency said organized criminal networks use legitimate pollution management businesses as a cover for illegal operations, and that waste crime was behind environmental destruction and even murder.”Global plastic pollution is one of the most pervasive environmental threats to the planet today, and its correct regulation and management is of critical importance to global environmental security,” said Calum MacDonald, who heads Interpol’s Environmental Compliance and Enforcement Committee Advisory Board, in a statement. last_img read more

October 16, 2020 | |Post a Comment

first_imgPennsylvania Announces Composition of Census 2020 Complete Count Commission February 21, 2019 SHARE Email Facebook Twittercenter_img Government That Works,  Press Release Harrisburg, PA – Governor Tom Wolf announced that Pennsylvania has selected organizations to be on the Governor’s Census 2020 Complete Count Commission. The Commission will support the commonwealth’s efforts to achieve a complete and accurate census count.“Having an accurate count of Pennsylvania’s population is essential for fair representation at the federal level,” said Governor Wolf. “This Commission will help our state to have a full and accurate count of our population. We need all people to be counted, from our biggest cities to our small and rural communities. “The next decennial census will be conducted on April 1, 2020. The Commission shall recommend methods and policies to facilitate the most complete and accurate census count in the year 2020, including implementing strategies to reach hard-to-count populations and hard-to-enumerate areas.There are far-reaching implications if Pennsylvania’s population is undercounted in 2020. If the data snapshot does not include all residents, the commonwealth could lose seats in Congress, receive billions of dollars less in federal funds for a variety of services and programs, and impact data used by the public and private sector.The following organizations will be represented on the Governor’s Census 2020 Complete Count Commission:County Commissioners Association of Pennsylvania (CCAP)Pennsylvania Municipal League (PML)Pennsylvania State Association of Township Supervisors (PSATS)Pennsylvania State Association of Boroughs (PSAB)Pennsylvania State Association of Township Commissioners (PSATC)American Federation of Teachers (AFT)Pennsylvania School Boards Association (PSBA)Pennsylvania State System of Higher Education (PASSHE)Association of Independent Colleges and Universities (AICUP)Pennsylvania Immigration and Citizenship CoalitionUrban Affairs CoalitionPennsylvania Chamber of Business and IndustryPennsylvania Health Access Network (PHAN)Disability Rights PennsylvaniaPennsylvania NewsMedia AssociationNational Association for the Advancement of Colored People (NAACP)Pennsylvania Association of Broadcasters (PAB)CAIR-PA (Council of American-Islamic Relations)Energy Association of PennsylvaniaPhilanthropy NetworkCommon CauseThe Pennsylvania Jewish CoalitionPennsylvania Council of ChurchesPennsylvania Catholic ConferencePennsylvania State Education Association (PSEA)Pennsylvania State University (PSU)Pennsylvania Library AssociationHousing Alliance of PennsylvaniaLocal Development DistrictsCommunity Legal ServicesPA Parents Teachers Association (PAPTA)Pennsylvania Commission for Community CollegesService Employees International Union (SEIU)American Federation of Labor and Congress of Industrial Organizations (AFL-CIO)League of Women Voters of Pennsylvania (LWV)Pennsylvania VoiceAmerican Association of Retired Persons (AARP)The Heinz EndowmentsCommunity Action Association of Pennsylvania (CAAP)United Way of PennsylvaniaPennsylvania Farm BureauCASANorman Bristol Colón, of the Department of Community and Economic Development, will lead the Census 2020 Complete Count Commission as executive director.last_img read more

October 6, 2020 | |Post a Comment

first_imgMake sure you’ve done all of your paper work before settlement or risk losing thousands.Every couple of years a new piece of paperwork or compliance is added to the sales process to try and drive a tax, compliance or agenda into the market.A sale or rental transaction is an easy target, but it can clog up the process.Over the years we have seen body corporate disclosures, smoke alarms and safely switch checks, pool fence compliance and sustainability declarations just to name a few.Some stay, some get the flick from the next government. The new one that is getting pushed through is a lowering of the ATO’s Clearance Certificate that is required from all owners when selling a property above $2 million. The document discloses whether the owner is a foreign resident.WHAT happens if you break a lease?From July 1 this is reduced to $750,000.Now as with all of these requirements, the intention is generally good. In this case it’s so people who are residing overseas pay the appropriate tax when they sell their property in Australia.The reality is any additional paperwork takes time.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoTime around settlement or affecting funds being paid on time can play a pivotal role in negotiations and people’s lives.Also it adds a level of liability to whoever fills in the form and in this age of litigation who wants another litigious landmine.REAL estate of originWhen it was rolled out late last year many in the market let it slide because it only applied to sales of more than $2 million. But at the now reduced price of $750,000 there will be many transactions requiring this paperwork.This means in the absence of a clearance certificate the purchaser or their solicitor, must withhold 12.5 per cent of the purchase price and forward that to the ATO.There will be some angry owners if they are missing out on 12.5 per cent of their sale price because they didn’t do or even know about these certificates.Once understood I imagine it will just slip into the process, but with the industry caught a bit off guard agents need to get up skilled quickly. The Real Estate Institute of Queensland, and I imagine many industry groups, are pushing as much information as possible out to agents as quickly as they can, these changes come into affect on 1st July.The REIQ has sessions on Monday June 26.last_img read more

September 29, 2020 | |Post a Comment

first_imgThe five largest Dutch pension funds reported quarterly returns of up to 1.3%, largely due to the performance of developed market equities, private equity and commodities.Year-to-date results ranged from 1.8% at the €48bn metal scheme PME to 3.7% at the €206bn healthcare pension fund PFZW.The €419bn civil service scheme ABP, which gained 1.1% during the third quarter, said that its developed market equity and private equity allocations had generated 5.4% and 6%, respectively.However, it lost 0.1% on its interest rate and inflation hedge, and 0.3% on its currency hedge. Fixed income holdings lost 0.6%, while long-term government bonds lost 2.4%. PFZW said that equity and commodities had gained 3.9% and 5.1%, respectively, and that it lost 0.9% on its government bond portfolio as a consequence of rising interest rates on Dutch and German government paper.It attributed a 1.4% loss on local currency emerging market debt to Argentinian and Turkish government bond performance.BpfBouw, the €58bn pension fund for the construction industry, indicated that its quarterly profit was largely due to rising US equity and private equity as well as commodities.It added that the combined yield of Dutch and European property amounted to 3%, resulting in a year-to-date return of 10.1%.Metal pension fund PMT (€72bn) reported quarterly returns of 0.6% on property and 0.8% from high yield. Its equity allocation delivered 4.7%.Its €48bn sister metal scheme PME said its equity holdings gained 4.3%, its alternatives exposure returned 3.9%, and real estate produced a gain 1.9%.last_img read more

September 24, 2020 | |Post a Comment

first_imgThe Batesville High School Boys Cross Country Team traveled to North Vernon Tuesday night for the Big Blue Invite hosted by Jennings County.Of the 8 Boys’ teams, Batesville came in third place with 82 points. They were behind Jennings County who came away with 57 and Austin with 64. The boys were led by Connor Bell who came in 4th place with a time of 17:21. Following Connor was Clay Yeaton who ran a personal best time of 17:49, which put him in 9th place. Next up were Quinten Gowdy and Brice Keeton who ran 20 and 24th place respectively. Taking the final scoring position for Batesville, in 32nd place, was Alex Batta. Rounding out the varsity roster for Batesville were Grant Meyers and Jackson Wooldridge.The girls ran amazing with all 5 of the scoring Bulldogs running in the top 10. In fact all seven runners were in the top 20! They were led by Mary Poltrack, crossing the line at 20:18 and coming in runner up. She was followed by teammate, Emma Gausman,taking 3rd with a time of 20:54. Maria Wessel and Audrey Weigel took the 5th and 6th spots exactly one second apart at 21:44 and 21:45 respectively. Katie Buamer stepped up to be the final scorer crossing through at 22:15 in 9th spot. The last two runner for the dogs were Kylie Lehman in 14th and 22:44 followed by Madeleine Robben placing 18th at 23:11. As a team, Batesville scored a low 25 points capturing the championship out of 10 teams. The second place team’s, Jennings County, score was 61.There was an “open” race following the varsity and all though it was not scored, Batesville took some top spots with Audrey Maupin winning the girls race with another personal record performance of 23:10. She was followed by teammate Carly Fitzpatrick, also running a personal best (23:50), then Molly Weigel and Bre Hartman. The boys were led by Derek Nobbe finishing in the top 10 with a personal best of 20:53. Also running personal bests for the night were: Josh Nobbe, Nikki Elkins and Samantha Heidlage.The Bulldogs travel to Moores Hill Elementary School on Saturday morning to compete in the South Dearbon Invitational.Courtesy of Bulldogs Coach Lisa Gausman.last_img read more

September 20, 2020 | |Post a Comment

first_imgAn Okeechobee County High School student was arrested after allegedly threatening to shoot a classmate and kidnap his family.Eduardo Martinez,18, was charged with extortion and possession of a schedule 2 substance following an investigation that began at the end of April.School officials found Martinez in possession of pills prescribed to another student prompting the probe.According to the arrest report, the student prescribed the pills told police he gave Martinez his medication as payment for an ounce of marijuana he bought from him, last year.The student told police Martinez began asking him for payment for the marijuana and threatened to kidnap the student’s sister and mother and shoot him if he failed to pay.Deputies booked Martinez into the Okeechobee County Jail on $20,000 bond.It is unclear if he remains there at this time.last_img read more

September 19, 2020 | |Post a Comment

first_img For all the Latest Sports News News, Tennis News News, Download News Nation Android and iOS Mobile Apps. highlights New Delhi: Japanese tennis superstar Naomi Osaka announced on Friday she was splitting with her coach, her second break-up this year as she battles for form and slips down the world rankings.  On the eve of the Pan Pacific Open tournament in Osaka, western Japan, the 21-year-old announced she would no longer be working with Jermaine Jenkins, who joined her team after her triumph at the Australian Open in January. “Writing this to let you guys know that me and Jay won’t be working together anymore,” Osaka tweeted.”I’m super grateful for the time we spent together and the things I learned on and off the court but I feel like now is a (sic) appropriate time for a change… Thank you for everything, it was a blast,” added Osaka.Osaka had already caught the tennis world by surprise when she announced she was parting ways with coach Sascha Bajin, who had overseen her stunning rise to win two grand slams — the US Open in 2018 and the Australian Open title in January.But her results since Melbourne have been patchy. She lost in the third round of the French Open to Katerina Siniakova from the Czech Republic, ranked 41 places below her in the world rankings.Also Read | US Open 2019: Bianca Andreescu Stuns Serena Williams To Win Women’s TitleShe then suffered a humiliating first-round exit at Wimbledon to Yulia Putintseva from Kazakhstan before crashing out of this month’s US Open in the last 16 to Swiss player Belinda Bencic. Her form outside the slams has hardly been better, losing two quarter-finals during the US hard-court season that has seen her slip from the number one position in the world rankings to number four in the latest list.Also Read | US Open: Serena Williams Demolishes Wang Qiang To Grab 100th Tournament WinThe split with Jenkins came as Osaka returned home for the Pan Pacific Open where she reached the final last year. Her main challengers in the event will be fellow top-10 players Kiki Bertens and US sensation Sloane Stephens. Angelique Kerber, who beat her in the first round in 2017, is also in the draw for the competition that runs between September 16 and 22.center_img Naomi Osaka has slipped to number four in the latest world rankings.Naomi Osaka lost in the first round at Wimbledon.Naomi Osaka split with Sascha Bajin after her win in Australia.last_img read more