PREMIUMDiscourse: Not just about pouring out money: Sri Mulyani discusses pandemic response

first_imgLog in with your social account Google Forgot Password ? Facebook The COVID-19 pandemic is unlike any past crisis Indonesia has experienced. It has overburdened the healthcare system and crushed the economy, forcing the government to take unprecedented measures to attempt to revive business while keeping people safe and healthy.Finance Minister Sri Mulyani Indrawati spoke recently with The Jakarta Post’s deputy managing editor, Esther Samboh, during a Jakpost Up Close webinar about the future of Indonesia’s economy. She said she expected the gross domestic product (GDP) to stall at a near-zero rate this year because the pandemic had taken a greater toll on economic activity than previously expected.She also explained the government’s measures to soften the impact of the pandemic and discussed a plan for structural reform to transform the country’s economy and achieve Indonesia’s 2045 vision, which centers on human … Linkedin LOG INDon’t have an account? Register here discourse Sri-Mulyani COVID-19 pandemic response GDP Topics :last_img read more

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Over 100 of students test positive for COVID-19 in C. Java boarding school

first_imgAn Islamic boarding school in North Purwokerto, Banyumas, Central Java, has been closed temporarily after 127 students tested positive for COVID-19.“Although we already evacuated patients who tested positive, we will put the school under lockdown for 14 days so that people will not enter or exit this place, for extra measure,” Banyumas Health Agency head Sadiyanto said as quoted by kompas.com on Thursday.Sadiyanto said the agency was still evacuating positive students from the school as well as conducting health screenings as of Thursday evening.Read also: VP Ma’ruf wants ‘pesantren’ to get financial aid during pandemicHe also said that a temporary lockdown had been implemented at another Islamic boarding school in Karanggintung village in Sumbang district. The school was put under lockdown following the swab test results of 11 students who were revealed to be positive. “Out of 11 students, only three of them were Banyuwangi residents. We have already sent them to hospitals. We have also implemented a lockdown, which is supervised by the task force from the district, village and the boarding school itself,” he said. (dpk)Topics :last_img read more

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New age Queenslander hits market after major renovation project

first_imgMore from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour ago30 Franz Rd, Clayfield.A long central hallway leads past a living room that opens through double doors to a northeast-facing veranda with ceiling fans and a timber balustrade.Five bedrooms are also located off the hallway, including three with built-in wardrobes and two with access to an adjoining sunroom.The main bedroom has air conditioning and an ensuite with a corner shower, while connecting to the front bedroom through double doors. 30 Franz Rd, Clayfield.A front timber fence, grassy yard, hedges and established gardens complement the residence’s position in a leafy street, with stairs leading up to the first-floor entry.Inside, polished timber floors, high ceilings, VJ walls, decorative cornices and traditional double casement windows flow through the house. 30 Franz Rd, Clayfield.THIS renovated inner Brisbane house is the epitome of what a new age Queenslander looks like.The five bedroom, two bathroom, double car garage home at 30 Franz Rd, Clayfield, is centrally located to amenities including shops, cafes and restaurants.This dream home has been renovated to offer an array of indoor and outdoor living spaces, blending the charm of a Queenslander with the sophistication of modern finishes. 30 Franz Rd, Clayfield.A contemporary bathroom with twin vanities and a separate bath and rain shower is towards the end of the hallway, along with a lounge with louvre windows.From the lounge, steps lead up to a dining room and kitchen, both with new furnishings. The dining room has pendulum lighting, while the kitchen has stone bench tops, sleek white cabinetry, a breakfast bar, stainless steel appliances and a window splashback. Sliding glass doors then extend the space out to a north-facing timber deck with a ceiling fan. 30 Franz Rd, Clayfield.Back inside, a staircase with under-stair storage descends to the ground floor of the house including a laundry, double garage and more storage space. It also connects to an expansive backyard with a covered entertaining area and sandpit. Agent Lisa Pearse-Sargeant of Ray White Ascot said the residence was delightful and had been transformed by a stunning renovation into a spacious and versatile family home. “In the heart of Clayfield, this home has multiple living and entertaining areas, a new gourmet kitchen and a private and secure garden with level lawn,” Ms Pearse-Sargeant said.Inspections are by appointment and the property is for sale by negotiation.last_img read more

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Danish pension fund must resolve lawsuit in Portugal, UK court rules

first_imgIn his reasoning, Lord Sumption, who led the Supreme Court’s five judges, cited article 3 of the EU Reorganisation Directive covering the reorganisation and winding-up of credit institutions.Lord Sumption said: “Its purpose is to ensure that all assets and liabilities of the institution, regardless of the country in which they are situated, are dealt with in a single process in the home member state. This can be achieved only by taking the process as a whole and applying its legal effects under the law of the home state in every other member state.”He concluded: “An English court must treat the Oak liability as never having been transferred to Novo Banco. Novo Banco was therefore never party to the jurisdiction clause.”While the investors’ action in the English courts has effectively now reached an end, the lawsuit in the Portuguese courts is still in progress. The UK Supreme Court has dismissed an appeal from institutional investors to pursue a claim against a failed Portuguese bank through the English courts.The court said the dispute should be resolved in Portugal.The investors – which include TDC Pension, the Danish telecommunications pension scheme, and the New Zealand Superannuation Fund (NZ Super) – have been attempting to reclaim a $785m (€670m) loan made to Banco Espírito Santo (BES) in July 2014 to finance a refinery project for a Venezuelan state oil company.BES collapsed in August 2014 and was bailed out by Banco de Portugal, the country’s central bank and designated national resolution authority. Credit: Cristina MaciaLisbon, PortugalStuart McNeill, a partner at law firm Pinsent Masons, which is representing Novo Banco in the case, said: “The Supreme Court’s judgment has ramifications for other cases across Europe, and highlights the obvious danger – indeed potential chaos – of different courts interpreting the same decision of a single resolution authority in different ways.”From Venezuelan oil to the UK Supreme CourtThe money at the centre of the case was lent to the Venezuelan company by Oak Finance Luxembourg, a special purpose vehicle set up by Goldman Sachs, which raised funds from investors by issuing fixed-rate notes.The loan was arranged under a facility agreement between Banco Espirito Santo and Oak Finance, using English law and under English jurisdiction. As part of BES’ bailout, assets and senior debt were transferred to Novo Banco, the designated ‘good bank’. This left other items in BES – dubbed the ‘bad bank’ – to be liquidated. The Oak Finance loan was purportedly transferred to NB.However, in December 2014, the Portuguese central bank announced it was reversing the transfer of the Oak Finance loan, since it regarded the original deal as a related-party transaction because Goldman Sachs had a small shareholding in BES.Related-party assets and liabilities have been kept within the ‘bad bank’, with little chance of repayment.The group of investors – led by NZ Super and including hedge fund managers Silver Point Capital and Bracebridge Capital – filed debt-recovery proceedings against Novo Banco in the English courts in February 2015.Goldman Sachs and the investors brought separate proceedings against Banco de Portugal in Portugal soon afterwards.Later in 2015, the High Court dismissed an attempt by Novo Banco to have the English case dismissed. This ruling was reversed by the Court of Appeal, and the reversal was upheld by the Supreme Court in a unanimous decision.last_img read more

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Construction worker hacked to death

first_imgAccording to police investigators, a heatedargument ensued between Chavez and Catalan around 3:30 a.m. on Sept. 15.   His colleague 59-year-old Nelson Catalan wastagged as the suspect, the report added. The motive in the incident was not immediatelyestablished. Officers of the Batad municipal police stationconducted a manhunt operation against Catalan, who fled after the incident./PN This prompted Catalan to hack Chavez, policesaid.         The 49-year-old Salvador Chavez of BarangayBatad Viejo, Batad, Iloilo died of hack wounds on the body, a police reportshowed.  ILOILO City – A construction worker was hackedto death in Barangay Santa Ana, Batad, Iloilo. last_img read more

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Bassett aces SportMod main at Arlington

first_imgARLINGTON, Minn. (Aug. 20) – Saturday’s Unhinged Pizza IMCA Northern SportMod feature at Arlington Raceway went flag to flag with Eric Bassett at the helm the entire distance to win his first-ever feature.Tony Rialson tried to gain on Bassett but couldn’t get the job done and settled for second ahead of Eric Larson.Jeff Coon led the distance to win the MN 93 IMCA Modified main. Justin Allen took the lead following an early restart and never looked back as he led the 95.7 IMCA RaceSaver Sprint Car field to the finish.The B&B Racing Chassis IMCA Stock Car feature went flag to flag and was an awesome event. Nick Helmbrecht led the first five circuits before eighth starting Dean Cornelius motored by and motored to the checkers.Cory Probst won another Premier Logistics IMCA Hobby Stock feature and Kyren Porter topped the Coors Light IMCA Sport Compacts.last_img read more

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Oparanozie joins another French club

first_imgRelatedPosts Oshoala visits Lagos Oba COVID-19: Plateau state tops, as NCDC announces new infections in Nigeria NCDC announces 156 new COVID-19 cases, total now 54,743 Super Falcons’ striker, Desire Oparanozie, has sealed a deal with Dijonnais FC of France.The goal poacher revealed this via her Twitter handle: @oparanozie9. Oparanozie tweeted: “OOfficially, I am now a Dijonnais.“I am very happy starting a new adventure with this club.“The object is to help my new team attain greater heights. Come on Dijonnais.”Oparanozie parted ways with  Guingamp following the expiration of her contract with the club.During her stay at Guingamp, the former Bayelsa Queens star scored more than 45 goals in 106 appearances, and was named captain for the 2019-20 season, leading them to a French Women’s Cup semi-final before the COVID-19 outbreak. Tags: Desire OparanozieDijonnais FCSuper FalconsTwitterlast_img read more

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Sunderland partnership not under threat

first_img Press Association However, the not-for-profit organisation today released a statement following a meeting with Sunderland management and new boss Di Canio on Monday stressing the partnership remains strong. “The Nelson Mandela Centre of Memory and the management of Sunderland Football Club met in England on Monday, 1 April 2013 to discuss the public debates around Sunderland’s new coach. Mr Di Canio participated in the meeting,” the statement read. “The Centre recently entered into a partnership with the club designed to promote the legacy of our Founder, Nelson Mandela, and to help ensure the future sustainability of the Centre. At the heart of the partnership is a commitment to our Founder’s values with a special focus on human rights and anti-racism. “At the meeting on Monday, Sunderland reaffirmed its commitment to these values and the ethos of the partnership. It must be stressed that the Centre’s relationship is with the club, not with any individual in the club.” Sunderland shirt sponsor Invest in Africa distanced itself from the debate surrounding the controversial appointment of Di Canio. The pioneering shirt sponsorship deal with the not-for-profit business initiative, aiming to promote the continent, was launched last June and sits well alongside the new partnership with the Nelson Mandela Foundation. Invest in Africa refused to discuss the effect Di Canio’s appointment could have on the sponsorship deal when contacted, but a spokesperson said: “It (Di Canio’s position) is a football-related matter and under the remit of the club.” The shirt sponsorship deal is only for a year and runs until the end of the current season, although there is an option to extend it for 2013/14. It is not known when Invest in Africa will meet to decide whether to renew the sponsorship deal with Sunderland for next year. The new link, which was celebrated in the build-up to Saturday’s Barclays Premier League match against Manchester United, with Sunderland players wearing the foundation’s T-shirts before kick-off, has been set up help deliver the foundation’s messages of education and social inclusion. The club’s appointment of Di Canio, who has previously said he holds fascist views and on Tuesday refused to answer questions on the subject in his first press conference at the club, look to be at odds with this initiative. center_img Sunderland’s new partnership with The Nelson Mandela Foundation is not under threat following the appointment of Paolo Di Canio, the organisation has confirmed.last_img read more

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Head Coach hails Windies victory as just one step on a long road back

first_imgNORTH SOUND, Antigua, (CMC) – West Indies head coach Stuart Law has hailed Sunday’s sensational win over India but cautioned it was just one step on a long road back for the embattled Caribbean side.The Windies looked down down and out when they stumbled to 189 for nine off their 50 overs batting first in the fourth One-Day International but rallied to bundle out the Indians for 178, and clinch an amazing 11-run victory.“I believe in these boys. I believe they have got the skill,” the Australian told reporters following the result at the Vivian Richards Cricket Stadium.“We beat Pakistan a couple of weeks ago chasing down 300 and now we’ve defended a reasonably small total against India – two of the best teams in the world we’ve gone on to beat.“I believe they’ve got the skill, I believe they’ve got the talent. If we just improve their work ethic and they’ve got to play a different game than they’re used to. As soon as we start realising that and start working towards that, I think we can start making progress.”He added: “Today is one step and it’s a big ladder for us but today is one step closer to where we want to end up. It’s a lot of hard work and we are working hard, believe me.“The people of the Caribbean probably don’t see us working as hard as we are and I just want to let them know that we are very pleased that we’ve put a win on the board today for everybody in the region.”Entering the contest down 2-0 in the five-match series and trying to avoid yet another series defeat, West Indies produced yet another limp effort with the bat as their batsmen succumbed to a series of soft dismissals.Openers Kyle Hope and Evin Lewis top-scored with 35 but no other batsman passed 30, as the Windies innings declined dramatically from a decent position of 121 for two.Law said while it was evident the batting still needed work, he was thrilled by the way the team had rallied especially defending such a small target.“We showed tremedous fight with the ball in hand out there today,” Law pointed out.“Once again our batting [was not up to scratch]. We got off to a good start but we didn’t quite capitalise. We desperately need one of the top six or couple of the top six to go on and get big scores to alleviate the pressure that we had at the end there.“If we had 240, 250 on the board it would have made our job a lot easier but credit to the boys. The way they fought in the field. I thought the fielding was outstanding, the pressure catching towards the end was great.“I’m very happy, very proud but we’ve still got plenty of work to do but we’re definitely going to enjoy this one.”The final match of the series is set for Sabina Park in Jamiaca on Thursday.last_img read more

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Trojan Vision Television to debut new live talkshow

first_imgIn an effort to focus more on student interests and campus events, Trojan Vision Television will air a new live talk show beginning Sept. 27.On air · Polina Diaz, a freshman majoring in screenwriting, works at the Trojan Vision studio. The station will debut a new show later this month. – Shabnam Ferdowsi | Daily Trojan The Daily SCene will be hosted by two anchors and will feature a variety of segments geared toward the USC student body. The segments range from interviews with USC professors and special guests, music and movies reviews, ideas for Los Angeles-based activities and coverage of entertainment news.James Creech, a junior majoring in political science and cinema-television production and Trojan Vision’s general manager, said the idea for a daily talk show came from Elizabeth Daley, dean of the USC School of Cinematic Arts, and Don Tillman, executive director of Trojan Vision.“We really wanted to bring a new inspiration in programming to the station,” Creech said.The show will air from 11 a.m. to noon, Monday through Friday, and features two different anchors each day throughout the week. In addition, some programming segments will air on certain days of the week. The Daily SCene will broadcast live from the television kiosk near Tommy Trojan every Wednesday, a first for Trojan Vision.Lipson said she hopes this presence on campus will help publicize The Daily SCene and Trojan Vision as a whole.Trojan Vision had the capacity to launch the new show this semester after receiving record-breaking enrollment numbers — more than 100 people in Practicum in Television Production (CTPR 409). The course, which is required for some film majors, allows students to work directly with Trojan Vision to plan and produce daily programming.“We had a lot of resources in terms of people that wanted to work for Trojan Vision as well as gear and equipment that we wanted to be able to use in a creative new way,” said Elle Lipson, a junior majoring in cinema-television production and the executive producer of The Daily SCene.One way the production team plans on bolstering support for The Daily SCene, as well as its other shows, is by involving the student body through social networks.“We’re trying to get started with a viewer-generated content segment where we’d have people [be] able to give their feedback over Twitter or Facebook,” Lipson said.In addition, all episodes will be posted on the Trojan Vision website with additional special features, such as deleted scenes.So far, the show has generated interest from students — currently more than 40 producers work on the team with even more crew members.“We have a ton of volunteers and people who are just really excited,” said Olivia Bonin, a junior majoring in neuroscience and cinema-television critical studies and the promotions manager for Trojan Vision.Overall, the show’s producers have said they are excited to launch Trojan Vision’s latest project.“The general reaction has been very positive because they like that there is so much variety offered in the show and so much opportunity to really gear it to what students would like to see,” Lipson said.last_img read more

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