first_imgRead also: BI to require natural resource exporters to convert forex earnings to rupiahThe date that the new foreign exchange (forex) requirement will be instated depends on the stability of the rupiah, according to a statement BI Governor Perry Warjiyo in August. He said there would be a foreign currency ceiling in companies’ bank accounts and that anything above the threshold would have to be converted into rupiah.The government requires exporters of natural resources to keep their earnings in special bank accounts.Oil and gas exports in 2019, at $12.54 billion dollars, accounted for 7 percent of Indonesia’s total exports that year, Statistics Indonesia (BPS) data shows. Exports of mineral fuel, animal fat and vegetable oil, including the country’s top commodity, palm oil, made up more than a quarter of last year’s total exports.“Frankly speaking, we haven’t been asked about our opinion of the plan,” said Indonesian Coal Mining Association (APBI) executive director Hendra Sinadia. “We need to look into its implementation so it doesn’t hinder [business].”Hendra added that questions remained about how the plan would be implemented. He said coal miners used US dollars to sell their products at home and abroad, as well as to pay royalties.“As a good citizen, Medco will respond and follow these regulations appropriately,” said Anthony Mathias, financial director at PT Medco Energi Internasional.A director of PT United Tractors (UNTR), which owns Indonesia’s second-largest gold miner by output, PT Agincourt Resources, said the parent company had discussed the issue with Bank Indonesia two months ago but was awaiting more detailed guidelines.UNTR, a major player in heavy machinery, mainly exports its gold.“We can’t comment on the details yet, but in the broad sense, if we’re talking about gold, then 30 to 40 percent of our production cost structure is in dollars,” said UNTR finance director Iwan Hadiantoro. “BI assured us this would not negatively impact the company.”UNTR, which reports its finances in rupiah, booked Rp 118.4 billion in foreign exchange losses in the first half of this year, an increase from the Rp 70.5 billion forex loss it posted for the same period last year.The Indonesian Oil Palm Association (GAPKI) declined to comment on the issue.Not all exporters are worried about BI’s plan, such as palm oil exporter PT Astra Agro Lestari, part of diversified conglomerate Astra International.Astra Agro president director Santosa said the company regularly hedged its dollar transactions, including for loans from abroad, against the rupiah.“The company practically has no problem whatsoever,” he said.Astra Agro booked Rp 19 billion in foreign exchange losses in the January to June period of this year, an improvement from the Rp 28.8 billion forex loss it booked in the same period last year.Moody’s Analytics Asia Pacific chief economist Steven Cochrane raised concerns about the effectiveness of the policy, since it only applied to the largest resource exporters.“It sends a message to the market that BI sees stabilizing the exchange rate as a priority,” Cochrane told the Post by email. “On the other hand, the number of new COVID-19 cases is still on an upward trend in Indonesia, which will continue to be a dominant source of instability.”The Health Ministry announced 2,775 additional confirmed COVID-19 cases on Tuesday, bringing the nationwide tally to more than 177,500.Topics : “After we confirmed it with BI, they said it was not yet something of focus, even though there was such a plan,” Bernadus Iramanto, finance director of PT Vale Indonesia, said on Aug 26.“To convert all proceeds from nickel matte sales to rupiah would be a burden of its own.”BI’s plan comes as the rupiah fluctuates significantly against the US dollar during the COVID-19 pandemic. The instability of the currency may pose a risk to the country’s economic recovery efforts.The rupiah fell to a low of Rp 16,575 against the US dollar in March, rebounded to Rp 13,878 in June and had sunk to Rp 14,766 on Wednesday. Indonesian natural resource exporters are waiting to see what Bank Indonesia’s (BI) recently announced plan to require the companies to convert their foreign currency earnings into rupiah will entail. The central bank hopes the policy will help stabilize the rupiah.The measure is expected to apply to companies that exported more than US$300 million worth of natural resources in 2019. It is unclear which companies meet the threshold because data on export earnings is limited, but some major mining companies, such as nickel matte producer PT Vale Indonesia and the country’s biggest privately-owned oil and gas producer PT Medco Energi Internasional, earn and spend US dollars.Players in Indonesia’s top three resource-exporting industries, namely oil and gas, palm oil and mining, knew little about the central bank’s plan.last_img read more

first_img 19 Views   no discussions Share One of the employees of the Public Works Corporation during Friday’s protest.For the first time in history, Dominica has seen protest action in three communities around the island.While staff of the Dominica Public Works Corporation were protesting against bad working conditions and non salary payments for several weeks, the Parent Teachers Association of the North Eastern Comprehensive School raised placards for improved learning conditions and Morne Rachette/Coulibistrie residents said no to Wacky Rollers latest move to dredge the Batali River to accommodate their tubing activities.Staff of the Public Works Corporation continued their protest action up until eleven (11) am on Monday with hopes that their plight will be resolved with the company’s management.The first protest action which started last week Friday signaled the “frustration of the staff”, according to the General Secretary of the Public Service Union (PSU), Thomas Letang.He said Monday that the PSU has exhausted all possible means of resolving the matter and staff will continue to protest every day until the union believes the matter is being properly addressed.“It seems like the management don’t care about the staff. They need to put themselves in these workers shoes. They have not been paid for several weeks, some months. Some of these people are unable to pay their loans. Some of them are being taken to court for nonpayment of their loan commitments to various financial institutions. The public works say they are cash strapped but government is not making projects available to them,” Letang said, adding that “we will protest until this is resolved”.He hastened to add that the protest will take various forms.Meantime in the North, students of the North East Comprehensive School stayed away from class today as the Parent’s Teachers Association (PTA) staged a protest action for better learning conditions. The windows of several classes are said to be damaged, causing massive flooding whenever it rains.One of the parents, Mona Charles, said the school is yet to be officially commissioned and students are operating at a risk.“We want government to give us a little attention. The school is in a bad state especially when it rains. Whenever it rains the school floods and the students cannot learn. Whenever it’s sunny, the sun reflects on the board and teachers cannot write on the board. We want authorities’ to fix up the problem. It’s not about politics. We want government to show interest and do the repairs that needs to be done. It’s ashamed. It’s been seven years and the school has not been officially opened and that’s not good at all,” said.In related news, President of the PTA of the North East Comprehensive Mathew Auguiste says the situation is alarming and the facility is not adequate for children which place their lives at risk.“When we fight for the future of our children and the longevity for our school, it should never become a political issue. The stand that the parents have taken today echoes peace and a hope for an amicable solution and the future of our generation. We are not asking for much. We want better computers. We want proper windows. Students cannot continue to be blinded by the rays of the sun because of the absence of windows and getting wet. Thirty students are suffering from asthma. This cannot continue,” he said.According to him the auditorium needs lights and railings and several other areas must be addressed.“We are not asking for much. It is a health hazard because electoral wires are hanging around the place. The children don’t have a proper toilet facility. This is shameful,” he said.The students are expected to return to school on Tuesday and Wednesday of this week.Auguiste said if education officials refuse to take the matters into consideration and rectify the problem, students will be kept at home from Thursday.Villagers of Morne Rachette and Coulibistrie staged protest action in Coulibistrie this morning against a decision by Wacky Rollers to use the Batali River for their river tubing activity.Apparently the Wacky Rollers wants to divert the Batali River in order to make way for the river-tubing activity.Villager Roseline Degalarie reported to the media that the villagers are not in support of the new initiative.“If that ever happen the river is going to run through the road unto the beach and destroy it. All the fishermen boats will be destroyed and we cannot be in support of that. We are going to have a meeting with them and if they decide that they are still going on with their plans, we will do what we have to do,” she said.Parliamentary Representative for Salisbury Hector John said he is standing in solidarity with his constituency.He explained that consultation should have been held with the people of the village before the decision is taken.“I think what transpired showed a lack of consultation and sensitization. We are not against development but stakeholders should have been informed about the situation,” he explained.John said the Planning Division and the Ministry of Fisheries should have also been involved in this decision.“We see it as development for the area but at what cost,” John questioned.The parliamentary representative is recommending that everything be put on hold for a few weeks during which the villagers should be consulted.Dominica Vibes News Share Sharecenter_img Tweet LocalNews Dominica records three protests in one day by: – November 21, 2011 Sharing is caring!last_img read more

first_imgBATESVILLE, Ind. — The Indiana Bureau of Motor Vehicles announced that all BMV branches will be closed Thursday, Nov. 27 and Friday, November 28 for Thanksgiving.All license branches will resume their regularly scheduled business hours on Saturday, November 29.For a complete list of branch locations and hours, visit mybmv.com.last_img

first_imgArea Boys Basketball ScoresSaturday  (2-10)East Central  54     Batesville  51Indy Scecina  51     Oldenburg  24Milan  76     South Dearborn  63Franklin County  58     Switz. County  34Rising Sun  69     Lawrenceburg  68North Decatur   56     Knightstown  53Beech Grove  80     Rushville  51Jeffersonville  87     Jennings County  65New Albany  68     Madison  37last_img

first_img Promoted ContentWhich Country Is The Most Romantic In The World?Some Impressive And Almost Shocking Robots That Exist10 Risky Jobs Some Women DoMind-Bending Technology That Was Predicted Before It AppearedCouples Who Celebrated Their Union In A Unique, Unforgettable Way14 Hilarious Comics Made By Women You Need To Follow Right NowThe 10 Best Secondary Education Systems In The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWho Is The Most Powerful Woman On Earth?Top 10 Most Romantic Nations In The WorldEver Thought Of Sleeping Next To Celebs? This Guy Will Show You8 Things That Will Happen If An Asteroid Hits Earth Chelsea chiefs are now willing to pay what Bayer Leverkusen want for Kai Havertz because the structure of the payments suit them, according to Sky Sports reporter Kaveh Solhekol. Germany international Havertz is closing in on a £90million move to Stamford Bridge. However, Chelsea were previously not prepared to pay that much for the player. Solhekol claims Leverkusen have always wanted £90m (€100m) for Havertz if he were to leave the club in this transfer window. Chelsea did not feel that was a realistic asking price in the current climate caused by the coronavirus pandemic. However, the Blues are now willing to go through with a deal, with £20m of the £90m in potential add-ons. “I think Chelsea are getting closer to a deal to sign Kai Havertz from Bayer Leverkusen and it’s likely to cost up to €100m,” Solhekol said on Sky Sports News. “That is a really important figure as far as Bayer Leverkusen are concerned because that is the value that they set on the player. “They’ve been very consistent, they’ve said: ‘If you want to sign Kai Havertz this summer, that is what it’s going to take to get him’. “Chelsea initially were reluctant to pay that much, especially in the current economic climate. Loading… center_img “But I think they are getting closer to the kind of deal whereby Leverkusen could say ‘yes, we got our asking price’ but then Chelsea could say ‘when you factor in the installments, the down-payment, the bonuses, we’re actually getting him for less than that figure’. “But progress is being made and it’s likely to end with Chelsea signing Kai Havertz for something like £70m plus about £20m in add-ons, which would be a total of £90m, which would come to €100m, so everyone would be happy. “Leverkusen would be happy, Chelsea would be happy, Chelsea supporters would be ecstatic.” Solhekol claims Chelsea owner Roman Abramovich is committed to leading Chelsea back to the top of the Premier League. read also:Chelsea set to send Tomori out on loan to Everton “I think basically what’s happened is that Roman Abramovich has spotted an opportunity in the market,” Solhekol said. “He has seen that this is a great time if you’ve got a lot of money to spend money on world-class players because you’re getting them a bit cheaper than you normally would. There had been question marks about Roman Abramovich – ‘had he lost interest in Chelsea?’. “But from the outside looking in, it looks like Roman Abramovich is 100 per cent committed to Chelsea.” FacebookTwitterWhatsAppEmail分享 last_img read more

first_imgLiverpool manager Brendan Rodgers claims Luis Suarez “totally understands” the club’s firm stance in their insistence not to entertain any offers for the striker. Press Association Arsenal have had two bids rejected, the last one of £40million plus £1 which they believed would trigger a sale clause. Liverpool have always maintained they merely had to inform the player of offers of that magnitude and have been steadfast in stating Suarez is not for sale. They believe they are owed a degree of loyalty from the 26-year-old after standing by him during the race row with Patrice Evra which saw him banned for eight matches and during his current suspension of 10 games for biting Chelsea’s Branislav Ivanovic. center_img The Uruguay international still appears keen to leave Anfield, although he has stopped short of submitting a transfer request or seeking legal recourse, but Rodgers said it had not affected his attitude “It’s a story that can keep running but for me there is no new news,” Rodgers told the Liverpool Echo. “Luis is happy. He totally understands the club’s point of view. He’s in a difficult position in terms of not being able to play because of his suspension – he will sit out the first six games and he will miss playing football. “But he’s working hard and remains part of the group. He hasn’t been moping about. It’s obviously difficult when you come back after a break but he has settled in and has been working well. “He needs to get up to speed and we will continue to work to get all the players ready for the first game of the season.” Suarez’s situation was the transfer saga of the summer until it was recently overtaken by Real Madrid’s pursuit of Tottenham’s Gareth Bale with hardly a day going by without him being in the headlines. It was not helped with the player being on Confederations Cup duty which did not see him join up with the rest of the squad until he flew out to Australia on July 21 for their third pre-season friendly. Rodgers is confident, however, it has not had a destabilising effect on the rest of the squad. “It could have unsettled them but it hasn’t,” he added. “It says a lot about their professionalism: the environment that we’re creating is that the star will always be the team. “We want to have top players here but if for whatever reason we don’t, we will always know we can rely on the team and each other. The harmony in the group is very good. The spirit is strong. Right across the club there is a one club mentality. If we can keep it that way we can have a great season.” last_img read more

first_imgAlan Pardew reflected on his dream return to Crystal Palace after Sunday’s 1-0 victory over Swansea secured a 10th-placed finish in the Barclays Premier League. “I hope players up and down the country and in Europe have seen the potential of this place. “It’s a London club – the only club south of the river – and we can really kick on. I hope players want to come here.” Swansea manager Garry Monk revealed he is close to signing a new contract after overseeing a superb season, finishing a club-highest eighth in the Premier League. “I’m talking to the club about a new contract and those negotiations are well under way now,” said Monk, who also revealed that defender Neil Taylor is close to agreeing fresh terms. “We’ve had good initial talks and hopefully it can happen sooner rather than later. “I’m very focused on Swansea and the transition I’ve done this season hasn’t finished. I want to put my stamp on the club. “I’m more than sure that with the conversations that have already gone on that we’ll be able to sort out a contract over the next few days.” “When I arrived here the club was in a difficult position, but there was no shortage of quality or character and my goodness we have proved that,” Pardew said. “Over the last 18 games our record has been phenomenal and none of the top teams’ record is better. “It’s remarkable really to finish 10th, I’d never have dreamt that when I arrived. “I wouldn’t have believed you had you told me, especially when the bus was parked 300 yards away and I had to walk… I wasn’t used to that being manager of Newcastle! “It’s been a great experience and we now need to kick on if we can. We’ll try to do that.” Pardew hopes he will be asked to invest the extra money that accompanies finishing 10th back into the squad and is targeting the addition of four first-team players during the transfer window. “The chairman has an extra £4million now, so he’s happy, but I’ll be trying to take very penny off him,” Pardew said. “We’re in a good position because we don’t need to speculate, we just need to buy some quality. Marouane Chamakh stabbed home the winner after combining with Scott Dann in the 58th minute to set a points record in the competition for the Eagles. Pardew took over the club he once served as a player when they were stuck in the relegation zone in January, but 18 games later they have finished in the top half of the table. Press Associationlast_img read more

first_imgResearch shows the viral genome of COVID-19 improved its ability to infect human cells and now has become the dominant strain circulating around the world today.The study, published today in the journal Cell, shows the variation is more infectious in cell cultures under laboratory conditions. The variant, named ‘D614G’, makes a small but effective change in the ‘spike’ glycoprotein that protrudes from the surface of the virus, which it uses to enter and infect human cells.The D614G variant of COVID-19 quickly took over as the dominant strain soon after it first appeared, with geographic samples showing a significant shift in viral population from the original, to the new strain of the virus.“Data suggests that the new strain is associated with higher viral loads in the upper respiratory tract of patients with COVID-19, meaning the virus’s ability to infect people could be increased.”“Fortunately at this stage, it does not seem that viruses with D614G cause more severe disease.”Currently tens of thousands of sequences are available through this project, and this enabled us to identify the emergence of a variant that has rapidly become the globally dominant form.”last_img read more

first_imgThe Team Manager of El Marino Sports Club, Seyi Adefarati, has charged Nigerian adults to heed the World Health Organisation (WHO) call ‘to get up and get active.’Adefarati, who was speaking on Sunday during El Marino Sports Club defeat of Matured Minds Football Club said WHO in a recent document expressed concerns that ‘less people are active in many countries, with nearly a quarter of all adults and more than 80 per cent of adolescents being too sedentary.’“Sedentary life style is a major cause of many diseases. That is why we at El Marino will continue to encourage adults to participate in sports and other physical activities,” Adefarati said. According to him, “people who are physically active improve their muscular and cardio-respiratory fitness, as well as their bone and functional health. They have lower rates of coronary heart disease, high blood pressure, stroke, diabetes, cancer, and depression.”The El Marino Team manager also affirmed that people that are physically active have a lower risk of falling, are without hip or vertebral fractures and are more likely to maintain their weight.”More than 60 minutes of physical activity a day brings additional health benefits. Adults aged 18 to 64 should do at least 150 minutes of moderately intense physical activity each week or at least 75 minutes of vigorous activity throughout the week or an equivalent combination of moderate and vigorous activity,” he affirmed.El Marino Sports Club of Lagos on Sunday defeated Matured Minds Football Club also of Lagos by a lone goal.The goal was scored through a penalty in the second half by Adetokunbo Modupe after an El Marino player was brought down in the 18-yard box.The game which started on a very conscious note witnessed superior technical display by the El Marino team which dominated the match throughout the 90 minutes game.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

first_imgThe No. 12 seeded Trojans shocked the Pac-12 by mounting one of the greatest comebacks in recent Trojan history, trailing by as much as 15 at one point, to upset No. 5 seeded Arizona State with a 67-64 victory.Freshman Elijah Stewart led all scorers with a career high 27 points, including 6-8 from beyond the arc, and sophomore Nikola Jovanovic came up with a huge block in the final seconds to seal the upset for the Trojans   (12-19, 3-15).Arizona State (17-15, 9-9) jumped to an early 32-17 lead before the Trojans ended the half on an 11-6 run to cut the deficit to 10 points, 28-38. Stewart led USC with 13 first half points and had an electrifying block on Jacobsen.Being one of the youngest teams in the country has cost the Trojans dearly all season. Once again, the Trojans shot a better percentage than their opponents but suffered 10   first- half turnovers while allowing nine offensive rebounds that led to 12 second chance points.It looked as if the Trojans were going to let another game slip away as a Jacobsen jumper gave the Sun Devils a 14-point lead with just over nine minutes to play. For the first time this season, the Trojans responded triumphantly, however.For the remainder of the game, USC locked down on defense, holding the Sun Devils to just one field goal and two free throws. Jumpstarted by 10 straight points from Stewart, the Trojan offense appeared out of nowhere.Back to back layups from sophomores Darion Clark and Julian Jacobs gave the Trojans their first lead of the game with just over a minute to play.“We were ultra focused and remained poised,” Jacobs said. “I think that was the key.”Shaquielle McKissic, who has played savior for Arizona State in the past, put the Trojans on their heels. McKissic scored on a hard drive to the basket to cut the lead to one point before attacking the rim with just seconds to play in hopes of saving the Sun Devils once again.However, McKissic was met by a Serbian wall in Jovanovic. After McKissic beat Jacobs off the dribble, the second year big man rotated over and blocked McKissic’s layup with seven seconds to play. Stewart added two free throws to all but seal a victory.While freshman phenom Jordan McLaughlin has been out of action with a shoulder injury, both Jacobs and Stewart have developed and blossomed their play.“Elijah Stewart and Julian Jacobs are much better players than they were a month and a half ago,” said head coach Andy Enfield of starting backcourt.Jacobs would finish with 12 points, seven rebounds and five assists.McKissic led the Sun Devils with 16 points and nine rebounds and forward Bo Barnes contributed 15 points off the bench.Enfield recorded his most impressive win since taking over the reigns of the Trojan program two years ago. While the Trojans have struggled this season, losing numerous close games down the stretch, they remained competitive and showed flashes of a great team in the making.“We never let ourselves become defined by our close losses,” Enfield said. “We’ve never felt better about our future than right now.”The Trojan’s victory was the first time in the history of the Pac-12 Tournament that a No. 12 seed has won a game. The win was also USC’s first Pac-12 victory away from the Galen Center this year and their first win in the tournament in four years.USC will be rewarded with a matchup against cross town rivals No. 4 seed UCLA in the quarterfinals on Thursday afternoon.“They’re on the bubble of making the tournament,” Jacobs said of playing UCLA. “And we’d love to stop them from making it.”win over Washington gave the Trojans their third conference win of the season, which is more than they had all of last season.UCLA is coming off a win over the Washington State Cougars (12-16, 6-10) by a score of 72-67 to keep their tournament chances alive. Senior guard Norman Powell scored a       game-high 28 points. Junior forward Tony Parker came off the bench to contribute 15 points and 10 rebounds. Sophomore guard Bryce Alford and freshman forward Kevon Looney had 13 and 12 points respectively.USC will try to play the role of spoiler against their rivals. If UCLA is able to take home the victory, they will have ended their season on a three-game winning streak. The strong ending to their season could give them a stronger case towards earning a berth in the tournament, but they still would not have a significant nonconference win under their belt. They lost to every ranked opponent they played during the year.The last time these two teams squared off, the Bruins blew out the Trojans in the second half to secure the win. The Trojans fell to the Bruins 83-66 and they were out-rebounded by the crosstown rival 41-20. Jovanovic was the leading scorer for the Trojans the last time around with 20 points, but Powell and Alford shined for UCLA as they had 22 and 21 points respectively. The difference in the first meeting was the second half, during which UCLA shot 62.5 percent and extended the lead.Jovanovic has been the most consistent player for USC this season although a big game against UCLA would help validate his skill set and give the young forward confidence heading into the off season ahead of next season.“It was a big win because it’s a confidence boost,” Jovanovic said.Jacobs has also shined in the absence of McLaughlin and has consistently been posting impressive stat lines. The captain of the squad has been near a triple double a couple of times, but it is his leadership on the court that has really made the difference. He has been more vocal in directing his teammates and calling plays. Jacobs knew that the win would be a huge boost heading into his junior year and was glad that he performed so well in front of the home crowd.“We wanted to give them something to look forward to next year,” Jacobs said.The game will be held at Pauley Pavilion and will tip off at 6 pm. The game will air on ESPN2.last_img read more