South Beds More positive outlook

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Broadgate sale speculation intensifies

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Art of gold

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ADB to provide Indonesia with $2.7b in loans to support human capital, infrastructure development

first_imgThe Asian Development Bank (ADB) will provide around US$2.7 billion in loans this year to support Indonesia’s human capital, infrastructure and green energy development.ADB president Masatsugu Asakawa said the bank planned to provide Indonesia with more loans this year than the $1.7 billion it provided in 2019. The bank plans to provide Indonesia with $500 million for a competitiveness enhancement program and another $500 million for a financial inclusion program this year.“This is an increase of $1 billion but it is still a forecast amount,” Asakawa said during a news conference in Jakarta on Tuesday after a meeting with President Joko “Jokowi” Widodo. “We want to expand ADB’s support for human capital development and infrastructure connectivity.” After meeting with Jokowi, Asakawa said the bank would focus on providing support in a range of areas including clean energy, higher education and skills development as well as innovative green and blue financing.The ADB has also committed to funding several projects in South Sulawesi including the Mamminasata toll-road project, low-cost apartment developments and a clean water program. The bank plans to finance priority projects of the Indonesian government and the private sector, Asakawa said. In his inaugural speech at the beginning of his second term, Jokowi announced that his administration would prioritize human capital and infrastructure development. The administration’s goal is to set Indonesia on the path to becoming one of the world’s five largest economies by 2045, with a near zero percent poverty rate and an average per person monthly income of Rp 27 million.Read also: Jokowi lays out vision for human capital development in state of nation address “We advise [Indonesia] to create a business and investment environment through pro-growth economic and fiscal policy,” said Asakawa. “It is important to combat [the negative effects] of the trade war between the US and China as well as the coronavirus.”Two Indonesians have tested positive for COVID-19, while the government has launched a Rp 10 trillion fiscal stimulus package to support the tourism industry and boost consumer spending to counter the impacts of the coronavirus outbreak. Worldwide, more than 90,000 people have been infected with the virus and more than 3,000 have died.  Read also: Indonesia announces $742m stimulus to shield economy from virus Asakawa added that the bank’s proposed Country Partnership Strategy for Indonesia for 2020-2024 would support the government’s development priorities and seek to catalyze private sector financing, promote innovation and new technologies.Between 1966 and 2018, the ADB committed $36.68 billion in sovereign and nonsovereign loans, equity investments and guarantees. Furthermore, the ADB provided $460.5 million in technical assistance and $449.98 million in grants to Indonesia.Separately, Coordinating Economic Minister Airlangga Hartarto said the bank had conveyed its commitment to supporting Indonesia in several sectors including in education and investment acceleration.“The ADB will provide policy support for several public policies as well as boost activities related to education and infrastructure,” Airlangga said at the State Palace.Airlangga said the government had earned the ADB’s support by working to transform its economy through the omnibus bills on job creation and taxation. “The ADB will provide some sort of training program and financing during the [bills’] implementation.”The government submitted the controversial omnibus bill on job creation to the House of Representatives on Feb. 12 and aims for deliberations to be concluded within 100 days. The bill is expected to improve ease of doing business in Indonesia and attract investment, thereby increasing job opportunities and boosting economic growth in Southeast Asia’s largest economy, which cooled to its lowest level in four years at 5.02 percent in 2019.Airlangga told The Jakarta Post in a recent interview that the omnibus bill on job creation could help the government inch closer to its 6 percent economic growth target by attracting Rp 1,200 trillion (US$87 billion) in projected investment within a year, creating 3 million new jobs.Topics :last_img read more

Riau Islands Police arrest Chinese national in connection with death of Indonesian sailor

first_imgA joint task force arrested the vessels Lu Huang Yuan Yu 117 and Lu Huang Yuan Yu 118 off the coast of Riau Islands last week, following a report of the death of an Indonesian crew member aboard one of the ships.Read also: Indonesia reiterates concern about alleged mistreatment of crewmen on Chinese vesselsHasan’s body was found in the freezer of the Lu Huang Yuan Yu 117. He is believed to have been a victim of human trafficking.Tanjung Pinang Naval Base commander Cdre. Indarto Budiaro said there were strong signs that both vessels were involved in human trafficking, money laundering and physical abuse. In May, a video on Facebook appeared to show a group of sailors on another Chinese vessel, the Lu Qing Yuan Yu 623, throwing the body of an Indonesian sailor into the sea. Prior to that, there was public outrage at the death of four Indonesian sailors registered to another Chinese fishing ship.The NGO Destructive Fishing Watch has alleged that 30 Indonesian crewmen have been subject of exploitation aboard Chinese fishing vessels between November 2019 and June this year, including seven who have died and three who are missing. (kmt)Topics : Riau Islands Police have arrested a supervisor of a Chinese fishing vessel in connection with the death of an Indonesian crew member.Riau Islands Police general crimes director Sr. Comr. Arie Darmanto said that the supervisor, a 50-year-old Chinese national named Song Chuan Yun, was suspected of physically abusing Indonesian crew member Hasan Apriadi, who was found dead aboard the Chinese fishing vessel Lu Huang Yuan Yu 117 last week.“The suspect and the evidence have been secured at the Riau Islands Police general crimes division headquarters for further investigation,” Arie told The Jakarta Post on Monday.last_img read more

Kids online a challenge for parents

first_imgNZ Herald 5 June 2014Kiwi parents believe their children spend too much time online and more are using digital technology as a babysitter, a survey says.The report from online security company AVG Technologies also found 31 per cent of Kiwi parents said their child threw a tantrum when a device was taken off them.The survey polled almost 5500 parents and more than 2500 children aged 5-10 years old from nine countries, including New Zealand. Nearly half of Kiwi parents thought their child spent too much time on a digital device – such as a cellphone, tablet or computer – and not enough time outside.John Cowan, a presenter for Auckland-based group The Parenting Place, said the fact that children were growing up surrounded by technology meant parents had to adapt. That included talking to children about issues such as sex and pornography at an earlier age. The AVG survey found 51 per cent of all parents had had to talk to their children about such topics because they had been exposed to them on the internet.The report also asked people about their monitoring habits and found that 40 per cent of NZ parents used browser histories to snoop on their partner’s online activity – more than the 30 per cent who monitored their child’s online activities.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11267706last_img read more

ABS-CBN shuts down Sky Cable, TV Plus channels

first_imgABS-CBN’s broadcast franchise has expired on May 4, while its license renewal bid is still pending in the House of Representatives. The NTC has ordered to halt broadcast on its free TV and radio channels on May 5. In a separate cease and desist order, the NTC ordered ABS-CBN’s cable company, Sky Cable Corp., to “immediately” stop its SKY direct-to-home satellite transmission, which affected households with SKY Direct satellite dishes. “Upon the expiration of R.A. No. 7969, Sky Cable Corporation no longer has a valid and subsisting congressional franchise to install, operate, or maintain a Direct Broadcast Satellite Service,” the order read. The NTC served the closure order to the broadcast giant a day after several members of the House of Representatives threatened to sue NTC commissioner Gamaliel Cordoba before the Office of the Ombudsman. Affected by the said NTC order were ABS-CBN TV Plus channels Cine MO!, Yey!, TeleRadyo, Asianovela, Jeepney TV, and its pay-per-view channel Kapamilya Box Office. Previously, media networks were allowed to continue operations despite the lapse of their broadcast franchise pending their application for license renewal before Congress./PN In NTC’s alias cease and desist order on late Tuesday, it said that ABS-CBN has to stop operating its digital TV transmission in Metro Manila using Channel 43 (644-650 mhz). The company is also required to refund its subscribers of all the amounts representing unconsumed prepaid, deposits on subscriber equipment and devices, deposit or advance payment in monthly charges for postpaid subscribers. MANILA – ABS-CBN has complied with the cease and desist orders issued by the National Telecommunications Commission (NTC) as it shut down the operations of Sky Cable and Channel 43 on Tuesday night.last_img read more

Three IMCA Modified features at Aug. 29-31 East-West Clash

first_imgGILLETTE, Wyo. (Aug. 25) – Three $1,000 to win features for IMCA Xtreme Motor Sports Modifieds are on the program for Gillette Thunder Speedway’s 15th annual East-West Clash Friday, Saturday and Sunday, Aug. 29-31. All are 2015 Fast Shafts All-Star Invitational ballot qualifying events and IMCA Speedway Motors Weekly Racing National, Larry Shaw Racing Western Region and Allstar Performance State points will be awarded.Entry fees are $50 on Friday, $65 on Saturday and $75 on Sunday. Pit passes are $25 on Friday and Saturday, $30 on Sunday or $75 for all three days.More information about the East-West Clash is available by calling 307 682-8866.last_img

Pochettino hails Boruc

first_imgSouthampton manager Mauricio Pochettino hailed the “massive” penalty save of Artur Boruc after the Poland goalkeeper earned his side a 0-0 draw at Norwich with a dramatic stop in added time. He added: “Before the penalty was given we deserved to be leading the game, so my anger was double fold, that the penalty should not have happened and also we should have been ahead. “The weather did not really favour us for the way we wanted to set-up to play. My team adapted really well to the conditions and also Norwich are a very hard team to play against on their own ground.” Canaries manager Chris Hughton preferred to extenuate the positives from Norwich’s display. He said: “I decided to go 4-4-2 today, which means you can perhaps be a bit more open, but I thought we had the better chances. “We certainly should have been given a penalty in the first half when Shaw pulls back Grant Holt, so on balances we deserved one today. “Grant has got himself ball side of the defender, and I think there is contact, so the referee has to make that decision, and he also has a linesman on that side. “If we think that one was soft, the one in the first half wasn’t. It was not a particularly bad penalty, and the lad has made a good save.” Full-back Luke Shaw was ruled to have pushed over Grant Holt just inside the penalty area, as referee Mark Clattenburg pointed to the spot after consulting with his assistant but Boruc produced a decent stop down to his right to secure a well-deserved share of the points for the visitors. “Boruc made a massive save for us and saved us a point,” Pochettino said. “I am happy overall with the team’s performance because we regained our fighting spirit which we lost a bit against QPR.” center_img Press Associationlast_img read more

Coates set for Nacional loan move

first_img Press Association Liverpool are prepared to allow the centre-back to continue his rehabilitation in his homeland with a view to him regaining fitness and being able to get some match practice before this summer’s tournament in Brazil. “It would be beautiful to join Nacional and complete my recovery in Uruguay with my family and friends,” the centre-back told Radio El Espectador 810. “The negotiations can be hard sometimes, and we have to wait a bit.” Coates joined Liverpool from Nacional in August 2011 in a reported £7million deal but struggled to force his way into the first team. The centre-back has made just 24 appearances in that time, half of which have been in the Premier League, and scored two goals. The 23-year-old has been sidelined since tearing an anterior cruciate ligament in a knee while on international duty for Uruguay in August. Coates is still continuing his rehabilitation but Press Association Sport understands he is already in Montevideo awaiting completion of the move. center_img Liverpool defender Sebastian Coates is set to rejoin former club Nacional on loan as he battles to be fit for this summer’s World Cup.last_img read more