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The lack of runways is a problem – but who knows when it will be resolved

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Japanese companies hold firm on investment plans in Indonesia despite drop in sales, production

first_imgHowever, despite plunging sales and production rates, 69 percent of respondents remained confident about their future investment strategies in Indonesia. Only 15 percent intended to slash their future investments amid the current economic woes.“Many Japanese companies still see Indonesia as a potential market. While it’s true that demand is decreasing in the short term, consumption will return in the long run,” JETRO senior director Wataru Ueno told reporters during an online briefing on Tuesday.The coronavirus outbreak, which was first detected in China, has put a strain on Indonesia’s foreign direct investment, partially due to the social restrictions implemented to contain the spread of the virus. Indonesia booked a 9.2 percent year-on-year (yoy) decline in foreign direct investment (FDI) to Rp 98 trillion (US$6.8 billion) in the first quarter of 2020.Japan was the fourth largest contributor of foreign investment to Indonesia in the first quarter of the year, investing $604.2 million. Last year, it invested a total of $4.3 billion, making it the third-largest foreign investor overall, trailing China and Singapore, Investment Coordinating Board (BKPM) data show. Of all sectors, the transportation and machinery industries have felt the biggest impact, with 82 percent of companies in the sectors seeing a drop of more than 50 percent in sales compared to before the pandemic. In total, 97 percent of manufacturers in the sector have reduced their production rates, in compliance with the social restrictions imposed in several regions.Indonesia’s Purchasing Managers Index (PMI), a gauge of the nation’s manufacturing activities, hit 39.1 points in June, rebounding from 28.6 the previous month, but still far below the 50-point benchmark that indicates growth, according to market consultancy firm IHS Markit.To survive the current crisis, Japanese companies are utilizing the government’s tax incentive programs, such as the individual income tax exemption, as well as corporate income tax and import income tax incentives.Previously, the Taxation Directorate General announced it had agreed to grant tax incentives to 360,818 individual and corporate tax payers.Ueno said the majority of Japanese companies expected further tax relaxation measures to be taken if pressures on domestic consumption continued, as well as government-backed compensation to be provided for their employees.“We understand the government is currently in a tough situation. However, support from the Indonesian government is extremely important for Japanese companies,” he said.The government has allocated Rp 695.2 trillion in COVID-19 relief spending to boost the economy and strengthen the healthcare system. This includes Rp 120.61 trillion to provide tax refunds for individuals and businesses affected by the pandemic.As companies are betting on long-term growth, Ueno said swift government action was needed to ensure consumption rebounded in 2020.“If demand fails to recover this year, it’s going to be a tough situation for all companies including Japanese companies in Indonesia,” he said.Previously, Singapore’s largest bank, DBS, stated that Indonesia was still among the preferred Southeast Asian markets for investment, backed by strong household spending and a young working population.In a report titled CIO Insights 3Q20 released on June 29, DBS noted that the country would quickly return to normalcy after the relaxation of pandemic-related restrictions, while household spending – which accounts for more than half of gross domestic product (GDP) – would continue to drive the recovery.“The investment strength in Indonesia lies in its favorable demographics. Indonesia is the third-most populous country in Asia, the fourth globally, and has a high proportion of young working adults,” the report reads.Topics : Japanese companies operating in Indonesia will stick to their future investment plans, despite declines in sales and production due to the ongoing health crisis, a survey conducted by the Japan External Trade Organization (JETRO) has shown.The JETRO survey, which illustrates the impact the pandemic has had on more than 350 Japan-based companies operating in Indonesia, shows that due to the pandemic, 80 percent of the companies have seen a decrease in sales, with 37 percent stating their sales had fallen to half their normal levels in this year’s second quarter.Facing such significant declines, 80 percent of the companies surveyed have reduced their production in Indonesia.last_img read more

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Triple treat with views for sale in Murrumba Downs

first_imgTHIS tri-level home is new to the market in the Castle Hill estate at Murrumba Downs. Robin and Rhonda Davis bought 17 Hawkhurst Ct four years ago, when they still had three of their seven children at home. Now that all but one have flown the nest, the couple have decided to sell and downsize. Mr Davis said their six-bedroom home would suit a family or people who liked to entertain. The home is on a 790sq m block with double lockup garage, off-street parking and a wraparound porch.The living areas are on the ground floor and include a formal lounge and dining area and an open-plan kitchen and meals area. The home has a multipurpose room on the top level.One of the bedrooms on this level also has views to Brisbane city. On the top level of the home there is a timber-clad space with views over the surrounding rooftops that could be used as a rumpus room or media room.Mr Davis said his favourite space in the home was the deck.“We live out there a fair bit,” he said. The home is close to schools and public transport. The property is being marketed by Grant Darbyshire of LJ Hooker Kallangur and Murrumba Downs. Expressions of interest are invited. The home has a deck and inground pool.The kitchen has stainless-steel appliances, a breakfast bar and plenty of bench and cupboard space.Mr and Mrs Davis added bi-fold doors to the meals area and a covered timber deck to create indoor-outdoor living. The deck flows out to lawn and the in-ground swimming pool, which has glass fencing and a water feature. Back inside, there is also a bedroom and bathroom on the ground floor. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The master bedroom with walk-in robe, reading nook, ensuite and mountain views is on the second level, along with the remaining bedrooms and family bathroom.last_img read more

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Number of DC members in UK shoots up as number of schemes dwindles

first_imgA growing number of participants in UK defined contribution (DC) trust schemes are joining existing schemes or a small number of newer schemes, according to data from the Pensions Regulator (TPR).In its annual market update, TPR said only five additional DC-trust schemes, with 12 members or more, were registered in 2013.However, the total number of members within these schemes grew by 130,000.This growth is driven by schemes with 1,000 members or more, as numbers have fallen in schemes with 12-99 members and 100-999 members, as did the number of schemes. The total number of members in DC schemes grew by 14% to 2.6m, with coverage now accounting for 30% of workplace pension membership, up from 27%.The increases seen in 2013 were expected, with the embedding of auto-enrolment during the year. However, the regulator said this data would not fully reflect this.Because schemes enter their returns to the regulator on a staggered basis, not all new membership is captured in the 2013 report.The schemes with at least 12 members now account for £30bn (€36bn) of pension assets, with growth seen across schemes of all sizes.The number of schemes with 12-99 members has also fallen, with more than 1,000 schemes diminishing over the year.Six additional schemes catering for 1,000 members or more made their way into the industry as well.Only 29% of schemes of these smaller schemes offer a default fund for members, whereas this is the majority of schemes for larger sizes.The regulator’s head of DC regulation, Darren Burton, said TPR’s recent work on its DC code of conduct would ensure good practice and governance across all trust schemes this year.“Automatic enrolment is already having an impact on the DC landscape,” he said. “We are seeing an increase in the number of members, as well as participating master trusts.”last_img read more

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Tanzania to get $100 mln World Bank loan to improve governance

first_imgTanzania will receive a $100 million loan from the World Bank’s International Development Association (IDA) Tanzania will receive a $100 million loan from the World Bank’s International Development Association (IDA)Tanzania will receive a $100 million loan from the World Bank’s International Development Association (IDA) to help improve governance in the east African country.Businesses have long complained corruption is one of the main reasons for the high cost of doing business in Tanzania. The loan would be aimed at increasing transparency and accountability in governance and improving public financial management, said Philippe Dongier, the World Bank’s country director for Tanzania.The project will also help promote budget credibility and execution through better cash management, public investment management and procurement to improve health, education and water supply services to the poor, the Bank said.Tanzania is estimated to have more than 53.2 trillion cubic feet of gas reserves off its southern coast, but its energy sector has long been dogged by allegations of graft and other problems. Graft claims led to the suspension of budget support by Western donors in October.last_img read more

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Hickory Road Inn reopens under new management

first_imgToday the Blacks were joined by community leaders and chamber of commerce members to celebrate the reopening. Left to right: Allison Hountz Batesville Chamber of Commerce Coordinator , Rebecca Raheschultte Director of the Batesville Ivy Tech Community College Campus , Mary Huntington owner of All State Insurance in Batesville, Joe Sizemore Council Franklin County Councilman, Jennifer Black, Jim Black, Batesville Mayor Mike Bettice, Anna Ibold Executive Director of the Batesville Chamber of Commerce and Dustin Tarter of Enhanced Telecommunications. Picture taken by Liz Stenger from Country 103.9 WRBI.Batesville, In. — The Hickory Road Inn has reopened under new management. The new owners, Jennifer and Jim Black invite the public to an open house on Sunday, September 16 from noon to 4 p.m.The Hickory Road Inn is located at 20116 Hickory Road in Batesville. Call 812-933-0335 for more information.last_img read more

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Monster Weekend for UWF Soccer, Cross Country, and Volleyball

first_imgMonster Weekend for UWF Soccer, Cross Country, and Volleyball Share Nov. 1, 2007PENSACOLA, Fla. – The University of West Florida is bracing for a weekend of superb athletic events. The Men’s and Women’s Soccer teams are hosting the Gulf South Conference Championships here in Pensacola, and both teams are the #1 seeds. The Men are ranked 3rd in the nation, while the women are 9th in the nation. Meanwhile, the 25th ranked Volleyball team is hosting West Alabama Friday night for Senior Night, and the team has already set school records for most overall wins and conference wins in a season. Saturday morning, the men’s and women’s Cross Country teams are in Huntsville, Alabama to compete in the NCAA Regional Championships.The Men’s and Women’s soccer programs are looking to become the first school ever to have both teams win back to back Conference championships in the same years. The men could become the first back to back champions since Alabama Huntsville in 1996 and 1997. The women could be back to back champions for the second time in school history, as they repeated in 1998 and 1999. The only other Women’s program with back to back championships is Christian Brothers.Cross Country:Both the men and women are participating in the 2007 NCAA Division II South Region Cross Country Championships on Saturday at Sharon Johnston Park in New Market, Ala.The races begin at 9 a.m. with the women’s 6K, followed by the men’s 10K championship at 10 a.m. The UWF men’s team enters the event as the 7th ranked team in the region, while the Argonaut women are ranked 5th in the region.The top three teams in each race, as well as the top two individuals from each race, not a part of a qualifying team, will advance to the Division II National Championships on November 17th in Joplin, Mo. Last year, Michael Padilla represented UWF at the National Championships. This season, both the men’s and women’s programs finished a strong 3rd place in the Gulf South Conference championships, and are ready to run for more at the Regional meet.The Argos placed four runners on the All-Conference team, with Senior Diana Sitar (Las Vegas, Nev.) making 1st team All-Conference, while Brian Gowin (Sr. / Pensacola, Fla.), Nicholas Maedel (Fr. / Orange Park, Fla.), and Margaret Harter (Jr. / Milton, Fla.) each made the 2nd team All-Conference. The regional meet is a longer distance than the 5k and 8k distances that the conference meet was scheduled for. The men will run a 10k (6.2 miles) and the women run a 6k (3.7 miles). Coach Dobson is confident in his team, “We have to run smart with the longer distance, but three of our guys and three of our girls have run the course before and that should help us be prepared for the hilly course.”The girls are ranked 5th currently in the region, and Coach Dobson feels like a couple teams right in front of them are within reach. “The third place finish at conference has really given our girls a lot of confidence that they can run with anyone, and they have a chance to finish higher in the regional meet than they have in several years. The girls are the healthiest they have been all season and we are looking to do well.”The men are ranked 7th in the region; however the 4th thru the 7th place teams in the rankings are virtually even on paper. Coach Dobson likes his teams’ chances, “The guys are in the best shape they have been in all year, we will have Brian (Gowin) and Jordan (Theuerkauf) at full strength, and the freshmen have been coming along great. If the third ranked team has a slightly off day, and one of the next four teams, which could be us, runs well, that could easily be the difference in advancing. Overall, we are well rested and ready to do well.”The outstanding Fall Sports programs representing West Florida are not done yet, so stay tuned for post-season results.Men’s Soccer:The third ranked Argonauts have a nucleus of Seniors that are very focused, and could make this an extremely special post season. UWF takes on Harding in the conference semifinal match at 7:00 pm on Friday evening at Brosnaham Park, and the winner plays in the championship Sunday at 4:00 pm. The Argos have won a team record 16 matches in a row, and have had four different players win the Conference Player of the Week awards. Senior Keith Savage (Gulf Breeze, Fla.) has won the offensive POW award twice, and Jimmy McHenry (Sr. / Tallahassee, Fla.) was also a recipient of the Offensive Player of the Week. Both Nolan Intermoia (Jr. / Pensacola, Fla.) and Goalkeeper Juan Garcia (Jr. / Colombia) have received Defensive POW awards this season.Coach Bill Elliott is proud of the Senior leadership, “A lot of credit goes to the Seniors, they have been fantastic. Anytime you win 16 matches in a row, it is a credit to the team leaders.” Elliott wants to keep his team focused on one match at a time, “We cannot overlook any opponent now, it’s the post-season, and every team here is a very good team and will rise to another level. We must bring emotion and match our opponents’ enthusiasm. The challenge is on the players, they must come ready to play.”The Argos have already beaten the opponents that they are going up against this weekend, but even the #3 Argonauts know that every team here for the post season has a chance to win. Last season, the men made it all the way to the National Semifinals, and Coach Bill Elliott tries not to look ahead, but he also believes that this year’s team may even be better in some ways. “We have a lot of talent, and we had a lot of talent last year, but this year’s team is very balanced. To be successful, you need balance in scoring and balance in defense and hopefully that will pay dividends for us this year.”Senior Jimmy McHenry leads the Argos with 15 goals so far this season (7th best in school history), while Senior Keith Savage has recorded 14 goals (8th best in school history). McHenry also leads the team with nine assists, and has 39 points for the season (8th best in school history). Goalkeeper Juan Garcia has a goals-against-average of 0.73, which is the best in school history, breaking the record he set last year of 0.89. Garcia has great help from his defenders, Okang Nkosi (Sr. / Trinidad), Nolan Intermoia, Mason Hupp (Jr. / Fort Walton Beach, Fla.), Patrick McLean (Sr. / Conyers, Ga.), and Matt Williams (Jr. / Pace, Fla.). As a unit, they lead the conference with only 12 goals allowed. Garcia leads the entire conference in goals against average and save percentage.In the conference as a team, the Argos impressively lead in the following categories; shots, points, goals, goals per game, assists per game, goals allowed, and goals against average. In addition, they are only one shutout behind Christian Brothers and Montevallo. Overall, the men have made nine gulf south conference appearances with a 9-3-1 record in tournament play, and have been in the championship game five times, with four championships, which is the most in GSC history.Women’s Soccer:The ninth ranked Argonauts have displayed incredible defense this season, allowing only one goal in conference play, and have eight straight shutouts, including shutout wins over the last seven conference opponents. Remarkably, they have not been scored on in the last 790 minutes of play. They are about to reset the Conference records for least amount shots attempted on them and goals. The defense has only given up six goals all season, and has 13 shutouts in the 16 matches played this year.It is no mistake that four different Argonauts have received the Conference Defensive Player of the Week. Goalkeeper Courtney Jones has won the award twice, while Linda Ganehed (Fr. / Sweden), Marie Hastings (Sr. / Gainesville, Fla.), and Sheka Codner (Jr. / Dover, Del.) have all won the award once. The Women have also had three different offensive players win the player of the week award. Dernelle Mascall (So. / Trinidad), Brandi Adams (Sr. / Gulf Breeze), and Jodi Galucci (So. / Stuart, Fla.). In all, seven different women have won the conference player of the week awards.Coach Joe Bartlinski is extremely proud of this year’s team, “we are the No-Name team, with nine new starters, and virtually no one picked for pre-season accolades, we have risen up. The kids have responded very well, we lost to the #1 team in the country to start the season, and a hugh credit goes to the players, they took the challenge and went on the road and won two hugh matches (beating Rollins and Florida Southern, with both being shutouts). They have really come together and been very consistent.”Dernelle Mascall has set the Argos single season record for goals scored with 22. That also leads the conference, and is 4th best in the nation. Mascall has recorded three hat tricks this season (3 goals in a game), and she is third in the nation in points per game (3.38). Brandi Adams is currently third in the nation in assists per game (0.81), and Goalkeeper Courtney Jones is 4th in the nation for goals against average (0.39), and her save percentage of .891 is 5th in the nation. Amazingly, the team as a whole leads the conference in points, goals, goals per game, assists, assists per game, goals allowed, goals against average, shutouts, and corner kicks. The defense is lead by Marie Hastings, Linda Ganehed, Sheka Codner, Kaley Morris (So. / Gulf Breeze, Fla.), Anastasia Prescott (So. / Trinidad) and goalkeeper Courtney Jones, and as a unit they lead the entire nation in shutout percentage.Coach Bartlinski definitely stresses defense, “Our philosophy is defense, even the strikers play by that mindset. I am very proud that the kids are #1 in the nation in shutout percentage, and it is a credit to them coming together and being very consistent. We weren’t sure what to expect this year, but we never lowered the bar, and the kids rose to the challenge of the standards we set. This is the 7th straight year in the top ten, and we are pleased with the consistency of our program.” Bartlinski knows that the conference matches are very important. “We can host first round national tournament matches if we win the conference, so that is our focus.”The women are making their 11th appearance in the Gulf South Conference tournament with a record of 14-6, with 4 championships, and all six losses coming in the championship game, which means that every time they have qualified for the tournament they have reached the championship match.Volleyball:The only unbeaten team in the GSC this year, the 10-0 Argonauts have already clinched the #1 seed in the Gulf South Conference Tournament on Nov. 9th in Searcy, Arkansas. The 25th ranked Argos host West Alabama Friday night at 7:00 pm for Senior night. Sarah Harrison (Sinton, Texas), Isabela Gualberto (Belo Horizonte, Brazil), and Danielle Spitzer (Birmingham, Ala.) will be honored for their outstanding UWF careers. The Argos then play their final home match on Saturday at 3:00 pm against Montevallo.Coach Melissa Wolter has her team ready for this weekend. “I think we are excited to finish out our conference schedule at home. It is great for our Seniors to play their final matches on our home court against two very competitive teams this weekend. In fact, there is a very good chance that we will have to turn around and play West Alabama again next weekend in the conference tournament, so our team is ready to play. Our Seniors have had a tremendous impact on this year’s success, and it’s great to honor them.”Each of the three Seniors transferred to UWF to finish their careers as Argos. Sarah Harrison transferred to UWF after two season at UNC-Pembroke. Last year as an argonaut, she appeared in 88 games, and recorded 87 kills, and was third on the team with 78 blocks. This year, she is averaging 1.67 kills per game, and is second on the team in blocks per game at 1.05. She posted 6 kills and 4 blocks in her first West Florida match last season, and had 7 blocks in the upset win over Washburn last year. This year, sarah had 7 kills and 7 blocks in the season opener against Flagler.Danielle Spitzer transferred to UWF after two seasons at Western Carolina. Last year she lead the team with 124 blocks, which was the second highest single season total in Argo history. This year she has 91 blocks so far, which gives her 215 in her career, 4th best all-time at UWF. She also stands as the 3rd best in Argo career history for attack percentage at .234 entering today. Earlier this year, Danielle was the Gulf South conference Offensive Player of the week for September 25th, in which she had 37 kills in two matches, and hit an impressive .533 against West Georgia to break the wolves 17 game win streak.Isabela Gualberto transferred to UWF from Texas Wesleyan University. She has had an impressive season this year, as she leads the team with 390 kills, and is second on the team with 34 service aces. If the season were to end today, Isabela would have the 5th best all-time single season mark of kills, and her single season attack percentage of .303 would be the third best all-time. Gualberto was the GSC Offensive Player of the Week for the week of October 2nd, in which she had 41 kills for the week, including 20 kills against North Alabama. She also was the tournament MVP for the Comfort Inn-vitational Tournament this season leading her team to four wins in the tournament with a tournament high of 59 kills. Print Friendly Versionlast_img read more

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CPL 2019 Draft set for May

first_imgTHE Hero Caribbean Premier League’s players’ draft will take place on Wednesday May 22, 2019 at the Gfinity eSports Arena in London. The state-of-the-art production facility will allow CPL fans from around the globe to follow the action which will be hosted by a world-class panel of pundits.Full details of where the draft will be broadcast will be confirmed nearer the date of the event.Each of the teams will have the option to retain a maximum of six players. The players that they can potentially retain are as follows – although there is no obligation to retain any players from the 2018 squads: Three West Indian players, one overseas player, the team’s marquee player from 2018 and the team’s ICC Americas player from 2018.As well as the maximum of six retentions teams are also allowed one ‘Right to Match’ option in rounds 7-17. This means that if a team selects a player who is a national from another team’s franchise territory that team can match the offer and draft the player ahead of the team who selected them originally.The marquee players may be signed before the draft and will sit in the second spot on the draft list. In the past, players who were selected in this spot included the likes of Chris Lynn, Kieron Pollard, Shoaib Malik, Evin Lewis, AB de Villiers and Steve Smith.Each team can draft a maximum of five overseas players but only four of these players will be allowed in each starting XI. The ICC Americas player does not count in this overseas category.Speaking about the upcoming draft, Michael Hall, CPL’s Tournament Operations director said: “This year’s player draft promises to be even better than previous editions. We made the decision to stage the draft 2 months later than usual to ensure that all of our franchises have a clearer picture about the international commitments of the overseas players they may be eyeing up. We want to make sure that we provide teams and the fans with the best possible playing talent.”last_img read more

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Never Bet against Bolt, Says Ato Boldon

first_imgIAAF WORLD CHAMPIONSHIPS Former 100 metres world record holder Donovan Bailey has backed Usain Bolt to bow out in triumph at the IAAF World Championships starting on Saturday in London despite his slow buildup to the athletics showpiece.Bolt logged his season best of 9.95 seconds just over a week ago in Monaco, a time beaten by a raft of sprinters this year.But the 30-year-old Jamaican is still raging favourite to win his fourth 100m World title, and with good reason, according to former world and Olympic champion Bailey.“Anyone that bets against Bolt at a major championship isn’t smart,” the Jamaica-born Canadian told Reuters at the weekend.“Those athletes have to have a mistake-free race to make (the 100m final) interesting,” he said of Bolt’s rivals.Bolt is currently ranked joint seventh with arch-rival Justin Gatlin on the year’s top timesheet which is headed by world leader and American NCAA champion Christian Coleman.Coleman ran 9.82 seconds in Eugene, Oregon last month.Bolt’s Jamaican training partner Yohan Blake is second on the list with 9.90, ahead of South African Akani Simbine (9.92) and Americans Cameron Burrell and Christopher Belcher.Former Trinidad and Tobago sprinter Ato Boldon, who won the 200m World Championship in 1997, thinks only Blake has a chance to spoil world record holder Bolt’s party in London.“If Blake is healthy, he can be a real threat to Bolt. I don’t know that anyone else this year has shown me that they can be better than Bolt in the last 50m,” Boldon told Reuters.Bolt, who has won eight Olympic and 11 world championship gold medals, is planning to quit the track after competing in the 100m and 4x100m relay in London.Boldon, a four-times Olympic medallist, said there could be no debate about the world’s greatest ever sprinter.“There isn’t anyone who can say that he (Bolt) has not been the best ever,” he said.“Jesse Owens was the most important, Carl Lewis made sprinting profitable, but Bolt is the GOAT (greatest of all time).”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Inter Complete Eriksen Switch from Spurs

first_imgTRANSFER NEWS….. TRANSFER NEWS…..Inter Milan have completed the signing of Christian Eriksen from Tottenham for a fee of around £16.9m.The 27-year-old Denmark midfielder has signed a contract until 30 June 2024. Eriksen told Spurs in the summer he wanted a fresh challenge with his contract set to expire at the end of the season.After a hoped-for move to Spain failed to materialise, Eriksen began the season with Spurs and played 28 times in all competitions this season.Inter currently sit second in Serie A, three points behind leaders Juventus.“I’m very excited and can’t wait to introduce myself to the fans,” Eriksen said. “I’ve already experienced their warmth, it’s been a fantastic welcome. I feel great.”“The numbers say that I did really well in England. It’s now time to start a new challenge, I’m really happy to have the opportunity to play in Serie A for a big team. Inter is a fantastic club.”Meanwhile, Tottenham have made midfielder Giovani Lo Celso’s loan move from Real Betis permanent, completing a £27.2m transfer.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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