Indonesia to develop 89 new ‘strategic’ projects in 2020-2024

first_imgThe government has vowed to continue the development of national strategic projects during the COVID-19 health crisis with the addition of 89 new projects of an estimated Rp 1.422 quadrillion in investment value.Coordinating Economic Affairs Minister Airlangga Hartarto said on May 29 that the new projects were an addition to the existing 223 national strategic projects., and were expected to employ around 4 million workers every year from 2020 to 2024.“During the projects’ development over the next five years, [the projects] are hoped to involve a total of 19 million [workers],” Airlangga told a virtual press briefing on Friday, following a Cabinet meeting. The government’s statement on the planned projects comes on the heels of its plans to ease the large-scale social restrictions (PSBB) in COVID-19 “red zones” across the country and to introduce the “new normal” protocols for daily activities, despite the increase in confirmed cases. Official estimates show that the economy is likely to contract 0.4 percent in the worst-case scenario for the year.The President also ordered the acceleration of programs that could drive the “people’s economy”, such as the land certification, the transmigration land legalization and the social forestry programs. Jokowi also instructed to “solve the problems in the field as soon as possible, because I still hear that land clearing is still a major problem” in developing the national strategic projects.Public Works and Housing Minister Basuki Hadimuljono said at Friday’s briefing that the five “super priority” tourist destinations was among the strategic projects that had been earmarked for continued development.The “super priority” tourist destinations are Labuan Bajo in East Nusa Tenggara, Borobudur in Central Java, Likupang in North Sulawesi, Lake Toba in North Sumatra and Mandalika in West Nusa Tenggara.Basuki added that several toll road projects would break ground this year, including the 14-kilometer section 4 of the Banda Aceh-Sigli toll road, the 33 km sections I and V of the Balikpapan-Samarinda toll road, and the 131 km Pekanbaru-Dumai toll road. Indonesia currently has 223 national strategic projects worth around Rp 4.2 quadrillion on its priority list, which has seen several revisions since 2016.The country completed 92 infrastructure projects in 2016-2019, against the 144 projects that the Committee for Acceleration of Priority Infrastructure Delivery (KPPIP) has targeted for completion by 2020.Topics : Airlangga said that the 89 new projects comprised 15 road and bridge projects, 13 dams and irrigation systems, 13 border infrastructure projects and 12 energy projects.The remaining projects comprised six railway projects, six clean water projects, five airports, five seaports, five industrial zones, three technology projects, three smelters, one seawall, one waste management project and one land procurement project in Central Kalimantan.Read also: At least 50 major infrastructure projects to be completed this yearPresident Joko “Jokowi” Widodo said at the briefing that although Indonesia was facing the COVID-19 pandemic, the development of national strategic projects must go on while adhering to the relevant health protocols.last_img read more

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Microsoft sees growth amid pandemic computing demands

first_imgRevenue from Microsoft’s “intelligent cloud” division which includes its Azure enterprise business rose 17 percent to $13.4 billion in the fiscal fourth quarter.In the personal computing segment including the Windows operating system, revenues were up 14 percent to $12.9 billion.Within that segment, Xbox gaming service revenues rose 65 percent and sales for its Surface devices were up 28 percent.Xbox hardware revenue increased 49 percent, as Microsoft boosted the number of consoles sold even with a newer version expected later this year.”This was a breakthrough quarter for gaming,” Nadella said.”We saw record engagement and monetization… as people everywhere turned to gaming to connect, socialize and play.”Microsoft saw a more modest six percent revenue rise in its productivity and business operations which include the Office software suite and LinkedIn.Daniel Ives at Wedbush Securities called the Microsoft results “robust,” led by its cloud computing that benefits from the work-from-home trend.”This current remote work from home environment is further catalyzing more enterprises to make the strategic cloud shift with Microsoft the main beneficiary as evidenced by the solid results this evening,” Ives said.Earlier Wednesday, the workplace messaging platform Slack filed an EU antitrust complaint against Microsoft, alleging that the integration of the “Teams” service into the Office software suit represented unfair competition.Microsoft said Teams was growing because it offers video, which Slack does not.Topics : Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big gains in its Xbox gaming operations.Profits in the quarter ending June 30 fell 15 percent to US$11.2 billion, the result of increased tax charges compared with a year ago.Revenue meanwhile rose 13 percent to $38 billion, led by strong gains in its cloud computing and its Xbox gaming services. Chief executive Satya Nadella said Microsoft was equipped to deal with the coronavirus pandemic with its “integrated, modern technology stack.””We are seeing businesses accelerate the digitization of every part of their operations from manufacturing to sales to customer service,” Nadella told a conference call.Microsoft shares dipped some 2.5 percent in after-hours trade on the results, which were largely ahead of forecasts.Its shares have been trading at near record levels amid a surge of some 50 percent since March, giving it a market value of more than $1.6 trillion.last_img read more

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VER sees equity returns boosted to nearly 10% by US, emerging markets

first_imgThe Finnish State Pension Fund (VER) has seen its equity returns boosted by US stocks and emerging markets, despite continued market uncertainty.While solid returns from the two regions leading to VER’s equity portfolio returning nearly 10% over the first nine months of the year, managing director Timo Löyttyniemi nonetheless warned that there was still “no relief” for investors concerned about the low growth prospect in Europe.“VER’s return on investments, however, was good in all asset classes,” he added. “In the future, the general low interest rates will present challenges for the returns on fixed-income investments”The €17.4bn scheme, which helps pre-fund Finland’s state pension obligations, saw its equity portfolio outperform both other asset categories. Its fixed income holdings returned 4.4%, a noticeable improvement from the -1.7% return seen over the first three quarters of 2013.Its portfolio of other investments – consisting private credit, infrastructure, real estate and private equity – returned 5% over the first nine months, also an improvement over the portfolio’s performance during the same period last year, but behind the overall 2013 return.While VER’s equity portfolio performed strongest of all three asset categories, returning 9.8%, it also lagged behind 2013’s comparative returns of 12.8%, with a significant rally in the equity market late last year even boosting returns above 18%.Overall, the fund returned 6.5% for the first nine months of the year, ahead of its 10-year average of 5.8%.last_img read more

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Frankfurt-based index provider Solactive backs UK proxy voting firm

first_imgThe deal comes shortly before the deadline for EU member states to transpose the revised Shareholder Rights Directive (SRD II), which aims to promote engagement by introducing new reporting requirements for institutional investors. The EU legislation has also introduced new requirements for proxy advisers.Solactive said SRD II and other “regulatory shifts” were increasing demand for “customised sustainable stewardship strategies”.According to the text of Solactive’s announcement, Minerva planned to expand its research and client service capability through Solactive’s offices in Frankfurt, Hong Kong and Toronto. It would also broaden its product offering by taking advantage of the German firm’s expertise in natural language processing.Minerva said the founder and CEO of Solactive, Steffen Scheuble, and his chief of staff, Roger-Marc Noirot, were to join the company’s board as non-executive directors. A worker director from Minerva’s team would also be appointed to the main board and an independent stakeholder advisory board would also be created, it said. Scheuble said the investment in Minerva was “an important step for us in ensuring that we stay relevant to the entire asset management ecosystem”.Sarah Wilson, chief executive of Minerva and co-founder of its predecessor firm Manifest, said Minerva was “delighted to become part of the Solactive group of companies”. Incorporated last March and based in Essex, eastern England, Minerva was the result of a management buyout of Manifest by Wilson and co-founder and IT director Tim Clarke. In addition to providing a shareholder voting platform, it also provides data and research on voting results, corporate governance, remuneration and sustainability.As at January, around $200bn (€176bn) was invested in products linked to indices calculated by Solactive. Frankfurt-based index provider Solactive has made a “significant strategic” investment in Minerva Analytics, a UK proxy voting firm. According to Minerva, Solactive made the investment “to support the development of a Europe-based global shareholder voting and stewardship service”.“At this time of increased regulatory and asset owner scrutiny on shareholder voting and stewardship, we are confident that Solactive will be a strong and trusted partner and we are looking forward to the next stage in Minerva’s development,” it added.No further details about Solactive’s investment were provided. last_img read more

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Scammer tries to cash credits

first_imgStuff.co 25 July 2013A grocery chain has issued warnings to staff after claims beneficiaries are trying to swap their state-issued food credits for cash.Mother of four Antillea Karaitiana, 28, says she was approached by a stranger in Pak ‘n Save Mill St last week looking to trade his Work and Income payment card for cash “to go clubbing”.She said the man, in his late teens or early 20s, showed her a greenish electronic transaction card he said had $80 credit.He allegedly told her she could have the card for $70 cash, keeping $10 for her trouble.Family First national director Bob McCoskrie said Work and Income had to be accountable and shut down any loopholes that may exist around payment cards.There’s an expectation that state assistance should be directed towards the need, whatever it may be.“I’d be sorry to see kids who miss out on food because the card’s been used for drugs and alcohol or clubbing or whatever the alternative might be.“There’s always going to be people who try to gain out of the state’s generosity. I think most beneficiaries won’t be doing this so hopefully it’s the exception.”http://i.stuff.co.nz/waikato-times/news/8960001/Scammer-tries-to-cash-creditslast_img read more

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St. Michael’s Girls 7th Grade Team Tops St. Louis

first_imgThe St Louis 7th grade girls basketball team lost to St Michael’s in the opening game of the Oldenburg Academy 7th & 8th Grade Girls Basketball Classic by a final score of 20 to 12.For STL, Hanna Hurm, Avery Roell, Hailey Mohr, & Kate Burkhart provided the offense. Kate Poltrack & Sarah Preston played well on defense. Score by quarters.  St. Michael’s 10 St. Louis 2; St. Michael’s 16 St. Louis 2; St. Michael’s 18 St. Louis 12; St. Michael’s 20 St. Louis 12.Submitted by STL Coach Mike Burkhart. Once again St Louis got off to a slow start offensively.last_img

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Guilty plea entered in 2016 Greensburg murder

first_imgGreensburg, In. — A 43-year-old suspect in a 2016 Greensburg murder has entered a guilty plea.Police say Jason Eaton shot Wendy Sabatini in October of 2016 after she rejected a marriage proposal.A report from the Greensburg Police Department says Eaton’s son found Sabatini’s body in their East Washington Street home following a school event. Eaton later turned himself in at the police station.Eaton told police he approached her with a ring and declined the proposal before he could speak. He then got a handgun from the bedroom and shot her in the back of the head.Sentencing has been set for March 5, 2018.last_img

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Five reasons why Mayweather could fight again

first_img But he is interested in facing UFC stars McGregor and Nurmagomedov. Why? Well, he reckons both fights will bank him around £240m each while they both have a “country behind” them to drum up interest in the event. Mayweather explained: “It doesn’t make sense for me to fight just any ordinary fighter because I’m at the point right now where it’s about business, I’m a businessman. “Why would I fight any ordinary fighter for $30million when I can fight a guy who has a whole country behind him for $300million?” And while earning a far more amount for fighting either boxing novice instead of a current champion, Mayweather’s unbeaten record faces far less risk if he boxes McGregor or Nurmagomedov. Meaning it would be a no-brainer for the man who calls himself ‘Money’ to make a lucrative comeback after three years out to face someone from another sport. Mayweather’s uncle and former trainer Roger passed away in March after years of battling health problems, which his nephew believes were caused due to his exciting, offensive fighting style. Floyd instead mastered the ‘Sweet Science’ taught by his father, Sr, soon becoming a defensive mastermind with expert counter punching. You can count on one hand the amount of times he was hit and seriously hurt during a fight, which is the reason why Mayweather had such longevity in the sport – reigning as world champion until he was 38. Despite his flashy and party-going lifestyle, Mayweather has never drunk alcohol and had the most gruelling of training regimes during his career, including sessions lasting up to six hours at a time and starting at 3am. The 43-year-old has always kept in shape and has since proved with recent videos that his hand speed and technique has not faltered in his years in retirement. If Mayweather was to box again, he would do so nowhere near his prime of the fighting peak, but his current conditioning and masterful skills leave him more than capable to fight again. Having already established that he is only likely to face non-boxers or UFC fighters in a proposed comeback, with his ability to beat any of them, why would he not box again for unprecedented amounts of cash? He claims to have held talks for fights against McGregor and Nurmagomedov, and would “absolutely” come out of retirement should they bank him his demanded purse. Mayweather said: “If I’m able to entertain the world and have some fun, and this is easy entertainment and I can make $600 million with two guys, why not? “So, if I can go get $600 more million invested and leave it to my children and my grandchildren and my loved ones, why not? Absolutely. read also:Mayweather targets $1 billion from real estate “We talked about the Conor McGregor fight, we talked about the Khabib fight. For me, the number is $600m. If I’m going to go out there and risk it anything, it would have to be worth it.” FacebookTwitterWhatsAppEmail分享 Loading… The 43-year-old officially walked away from professional boxing in 2017, after beating UFC star Conor McGregor in 10 rounds to enhance his record to a perfect 50-0. He did return a year later, taking out featherweight Japanese kickboxer Tenshin Nasukawa in just a round of their exhibition bout, before suggesting he could make more ring cameos. But last year Mayweather sparked comeback rumours again after revealing he would be working on a “spectacular event” with UFC boss Dana White, later confirming his interest in fighting McGregor again or Khabib Nurmagomedov. Here SunSport details the reasons Mayweather may want to lace up the gloves again. Mayweather is said to have earned $1billion throughout his career but still had to deny “crazy” rumours he had blown all his cash and needed a comeback fight to recoup it. But on a UK tour earlier this year, Mayweather revealed his motivation to return would be to build even greater futures for his four children, Iyanna, Zion, Jirah and Koraun. He said: “Like I said before, I’m retired but I’m not retired from getting a couple of dollars. “It’s crazy. You guys hear things about ‘Floyd needs money. I don’t need (anything) but I don’t mind making some more money. “At the end of the day, when that bank account and when that wire comes, my kids are going to be like, ‘Dad, I’m proud of you.’ “So I talked about this earlier. Self-preservation comes first. I must take care of my home first, and I believe in creating generational wealth.” Mayweather has announced retirement only to make a lucrative comeback four times during his career. And each time he makes a return, his purse is enhanced and stardom increases. Since his final fight against McGregor, Mayweather has constantly remained in the headlines and fuelled comeback rumours by posting videos of himself training again. It’s clear the former pay-per-view and pound-for-pound king isn’t yet ready to finally walk away and let his legacy rest as it is. But without a fight it will be hard for Mayweather to receive the much needed attention that he desires and ultimately made him the biggest star of a generation. Mayweather has made it clear if he is to return it will not be against a recognised boxer, citing he has nothing left to prove. Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemBest & Worst Celebrity Endorsed Games Ever MadeThe Highest Paid Football Players In The WorldA Guy Turns Gray Walls And Simple Bricks Into Works Of Art10 Actors That Started Their Careers On SoapsTop 10 Most Romantic Nations In The World14 Hilarious Comics Made By Women You Need To Follow Right NowThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical12 Celebrities Who Almost Ruined Their Careers With One MovieWho’s The Best Car Manufacturer Of All Time?Fantastic-Looking (and Probably Delicious) Bread ArtWhich Country Is The Most Romantic In The World? Mayweather last year announced he was coming out of retirement to fight again – and he has several reasons why.last_img read more

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Thornton cashes in at Dacotah Legendary

first_imgRicky Thornton Jr. won another Legendary 50 special for IMCA Modifieds at Dacotah Speedway, taking home the $10,003 victory on lucky Friday, July 13. (Photo by Tyler Hagen)By Mike SpiekerMANDAN, N.D. (July 13) – For the third consecutive year, the Legendary 50 at Dacotah Speedway brought the Kupper Chevrolet Dakota Classic IMCA Modified Tour week to a close.And for the second time in those three years, the driver taking home the big check – this time $10,003 – following the 33-car, 50-lap main event was Ricky Thornton Jr.Thornton backed up his inaugural Legendary 50 win Friday night, leading the final 35 trips around the high-banked, 3/8-mile clay oval.“I knew I was starting around some pretty fast cars. I felt confident with my car and was ready to get the race started,” said Thornton, who took the initial green from the eighth spot. “We were good running the bottom the night before and that was where I wanted to run again.”Eddie Belec, Jason Wolla and Shawn Strand made up the front row of the three-wide start as the field of 11 rows charged to the green flag. Strand took the lead on the opening lap with Wolla and R.C. Whitwell in tow.Wolla powered into the race lead following a lap two while Strand, Whitwell and Casey Arneson fought for second.Arneson tiptoed around the low side, getting by both Strand and Whitwell. Thornton took passed Strand and Whitwell to take over third on lap 14.Two laps later, Arneson abandoned the low groove and Thornton capitalized to take the runner-up position. A caution erased Wolla’s lead and put Thornton and Arneson on his rear bumper for the restart.As the race resumed, Thornton easily took the lead from Wolla and led until the mandatory pit stop on lap 21.Thornton pulled out to a comfortable lead as the race resumed. A restart with 23 to go set up a thrilling battle for the lead between Thornton and Wolla. Wolla pulled even with Thornton using the high side of the speedway.Thornton’s lead was down to a half car length at the flag stand with 20 laps to go. Thornton then went to the high side to protect his lead, which allowed Wolla to cross over and take the inside. Wolla completed a slide job in turns three and four to briefly take the point, but Thornton came back around to lead with 17 to go.From there, Thornton steadily stretched out his lead in the closing laps as he went on to take the win.“I had an idea of what kind of lead I had. I could see both my crew guys signaling me. They told me to move up in both corners so I figured guys were coming,” said Thornton from victory lane. “I’ve really got to thank those guys. Without them, I probably would have just stayed around the guardrail and finished second.”“The first year [of the Legendary 50] we didn’t change anything so this year I figured I would probably screw myself if I made any adjustments. We just put fuel in it,” said Thornton of the mandatory pit stop.Wolla hung on for second over Hunter Marriott. Arneson and Tim Ward rounded out the top five.Ten states and Canada were represented in the feature field.Feature results – 1. Ricky Thornton Jr.; 2. Jason Wolla; 3. Hunter Marriott; 4. Casey Arneson; 5. Tim Ward; 6. R.C. Whitwell; 7. Jeremy Keller; 8. Eddie Belec; 9. Tom Berry Jr. 10. Kelly Shryock; 11. Shawn Strand; 12. Ethan Dotson; 13. Justin O’Brien; 14. Kyle Brown; 15. Mark Dahl 16. Marlyn Seidler; 17. Dylan Goplen; 18. Josh Rogotzke; 19. Myles Tomlinson; 20. Zach Olson; 21. Steven Pfeifer; 22. Marcus Tomlinson; 23. Billy Kendall; 24. Travis Ulmer; 25. Jarrett Carter; 26. Les McLenehan; 27. Cody Peterson; 28. Lance Mari; 29. Drew Christianson; 30. Hank Berry; 31. Alex Stanford; 32. Jeff Taylor; 33. Aaron Turnbull.last_img read more

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Pearson won’t contest ban

first_img The Foxes chief will serve a one-match touchline ban for their home clash with Tottenham on Boxing Day after being found guilty of misconduct. Pearson requested a personal hearing, which he had on Friday, after a heated exchange with a fan during Leicester’s 3-1 defeat to Liverpool earlier this month. Leicester boss Nigel Pearson has confirmed he will not appeal his touchline ban and thanked supporters in the wake of his fan row. But Pearson, who was also fined £10,000, will not fight the charge and it will not change his plans for Spurs. “No I’m not, I can’t see any reason to,” he said, when asked if he was appealing. “I decided to go along to the personal hearing, which intrigued me to see how it went, so we’ll get on with it now. “I was going upstairs again anyway (on Friday) so it fits in quite well. It is what it is, I can’t do anything about it now. “I have been overwhelmed by the level of support from within the game. “From managers, players, ex-colleagues and members of the media, it has been overwhelming. “I would like to thank everyone who has given me that moral support. “It is time to put the subject to bed, the ruling has been made on me and as always I will take it for what it is and move on.” center_img Press Associationlast_img read more

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