The Sulianti Saroso Infectious Diseases Hospital (RSPI) in Jakarta has quarantined six new patients suspected of having been infected with the novel coronavirus, bringing the number of people being treated for the illness at the hospital to eight – including two who earlier tested positive for COVID-19, the disease resulting from the novel coronavirus.”We have isolated six new suspected COVID-19 patients since [Monday] night. Two people, who were referred to us by another hospital, arrived this morning,” said RSPI president director Mohammad Syahril, as quoted by Antara on Tuesday Of the four people admitted to quarantine on Monday evening, three were found to have had direct contact with the country’s first two COVID-19 patients – a 31-year-old woman and her 64-year-old mother, also referred to as Case 1 and Case 2 respectively – who have been quarantined separately in the hospital since Sunday. The RSPI has tested all six patients for COVID-19. “The test results will be available [on Wednesday],” he added. Indonesia announced its first confirmed cases of COVID-19 on Monday, with President Joko “Jokowi” Widodo saying that Case 1 and Case 2 caught the disease after having been in contact with a Japanese citizen who tested positive in Malaysia on Feb. 27 after visiting Indonesia early last month. Syahril went on to say that the conditions of Case 1 and Case 2 had been improving. “They can communicate well, their fever has gone down, their coughs are getting better, they don’t experience shortness in breath and they have good appetites as well,” he said. The global death toll from COVID-19, a disease caused by a coronavirus first discovered in Wuhan, China, rose to more than 3,100 people on Tuesday. The far-flung virus has infected nearly 90,000 people in more than 60 countries, AFP reported. (nal)Topics : “The other one is a foreigner who recently visited a foreign country with a coronavirus outbreak,” Syahril said, although he refused to name the exact country. All four patients had shown symptoms of coronavirus infection, including fevers, coughs and sore throats, he added.Read also: Indonesia monitors dozens in contact with first two COVID-19 cases in Greater JakartaThe other two patients, who were admitted to the RSPI on Tuesday, had been transferred from another hospital in Jakarta, Syahril said without revealing the name of the initial hospital where the patients had been treated.
With an Rp 852 trillion budget deficit, nearly triple the initial plan, the government will prioritize the use of accumulated cash surplus (SAL) worth Rp 70 trillion and the endowment fund for education worth Rp 60 trillion. The deficit is equivalent to 5.07 percent of gross domestic product (GDP), compared with 1.76 percent in the initial budget.“The government’s first line of financing will come from an endowment fund and accumulated cash surplus but it will not be enough,” Finance Minister Sri Mulyani Indrawati told the House of Representatives Commission XI overseeing financial affairs in a video conference.“Therefore, we need to issue government debt papers to look for the best financing sources. We will be very careful in navigating these uncharted waters.”Consequently, debt issuances have tripled to Rp 1 quadrillion in the revised 2020 state budget, consisting of new Rp 449 trillion pandemic bonds and Rp 549 trillion government debt papers. Pandemic bondsThe government will issue Rp 449 trillion worth of the so-called pandemic bonds to finance the country’s efforts to combat the health crisis and economic turmoil caused by the COVID-19 pandemic.The purchase of the pandemic bonds is likely to be dominated by Bank Indonesia (BI), which under a new regulation is now allowed to buy government bonds at auction if the market is unable to fulfill the government’s financing target.The stipulation in the new Government Regulation in Lieu of Law (Perppu) No. 1/2020, issued March 31, revokes a 1999 law on the central bank, which only allowed BI to buy government bonds in the secondary market.“It is likely that, during this period, the ownership structure of government securities will change to some extent with foreign investors’ lowering their holdings considerably and BI seen to expand its balance sheet,” according to a research note by Fitch Solutions’ country risk and industry research team.Yields on the benchmark 10-year government bonds rose to 8.322 on March 8, the highest in 1.5 years, indicating higher risks of investment perceived by investors in the bond market. Yields move in the opposite direction of prices.Foreign investors had sold Rp 148.76 trillion (US$9.04 billion) in Indonesian assets as per April 1, including Rp 135.08 trillion in government bonds and Rp 9.71 trillion in Indonesian shares, BI data shows.“The financing of pandemic bonds may be dominated by the central bank as foreign investors tend to avoid risky assets,” Bank Permata economist Josua Pardede said. “We expect that this will speed up the recovery of economic sectors affected by the COVID-19 pandemic.”The timeframe, indicative yield and other details surrounding the pandemic bonds remain unclear.Asia’s first 50-year dollar bondThe government has also increased the target of issuance for Indonesia’s regular government debt papers to reach Rp 549 trillion, from the initial Rp 389 trillion target, to finance the nation’s COVID-19 battle.On April 6, the government surprised markets with the issuance of Asia’s longest-tenure dollar debt papers at 50 years to help aid the government’s fight against the coronavirus. Indonesia raised a total of $4.3 billion during the offering, consisting of $1 billion for 50-year maturities and $1.65 billion each for the 10.5 year and 30.5 year tranches, Reuters reported.“Against the backdrop of global financial market turbulence, this is the biggest issuance of US dollar bonds in the Indonesian government’s history,” Sri Mulyani said. “We make use of the 50-year tenure because global investors’ preference for longer tenure bonds is quite strong.”An aerial view of Mega Kuningan business district in South Jakarta. (kompas.com/Hilda B Alexander)The longer the tenure the higher the yields, therefore more attractive for investors, said Center of Reform on Economics (CORE) Indonesia research director Piter Abdullah.“A 50-year global bond is meant to provide buyers with incentives as their investment appetite has significantly declined amid the global uncertainties caused by the virus,” Piter said.Economists are expecting that despite a significant jump in the government’s debt issuances, the debt-to-gross domestic product (GDP) ratio will not surpass the 60 percent legal ceiling.“We expect the debt-to-GDP ratio to increase to around 34 to 35 percent this year, from last year’s figure of 29.8 percent,” Josua said.$7 billion loanIndonesia will receive around $7 billion in loans from the World Bank, Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to finance the country’s fight against COVID-19. The amount is equivalent to Rp 111 trillion as stipulated in the revised 2020 state budget, more than double the initial budget of Rp 48 trillion.BI Governor Perry Warjiyo has said that the funds will be used to finance the country’s widening budget to prevent a greater health crisis and economic meltdown from the COVID-19 outbreak.“The AIIB, ADB and the World Bank planned on around $7 billion [in loans] during an investor teleconference. We will maximize it,” Perry told House of Representatives Commission XI overseeing financial affairs. “The Finance Ministry has also said that it will maximize the government’s budget.”Debt burden heightens riskEconomists agreed that Indonesia’s financing scheme to fight COVID-19 increased the debt burden and risks of repayment in the longer run, although they all have faith in the government’s fiscal discipline.Jokowi has pledged to bring Indonesia’s state budget to its normal state by 2023 by bringing back the budget deficit cap of 3 percent of GDP. During the three years of recovery, Sri Mulyani said the government would ensure transparency to maintain budget credibility.“We will be very transparent so as to maintain the credibility of our fiscal and monetary policies,” she said.Fitch Solutions was of the view that, if the rupiah continued to depreciate rapidly as BI extends its government bond holdings, the Indonesian economy could enter a sovereign debt crisis, as the central bank bled foreign reserves.“For now, this is not our core view, as we expect the recovery off the back of the COVID-19 outbreak to be robust,” Fitch wrote. “Moreover, Finance Minister Sri Mulyani has a good track record of fiscal discipline, and it is likely that, once the worst is over, she will ramp up efforts to bring government spending back in line and broaden the revenue base.” Topics : Indonesia’s revised 2020 state budget highlights lower income and higher spending against the backdrop of the coronavirus outbreak. In addressing the widening deficit, the government is resorting to tripling the nation’s debt to Rp 1 quadrillion (US$63 billion) as tax revenue is expected to slide with businesses paralyzed and households losing income during the pandemic.The budget revision is stipulated in Presidential Regulation (Perpres) No. 54/2020 on the 2020 state budget changes, signed by President Joko “Jokowi” Widodo on April 3. State spending is expected to increase by nearly 3 percent to Rp 2.6 quadrillion while revenue is seen slumping by 21 percent to Rp 1.7 quadrillion.Read also: Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move
The average coverage ratio of Dutch pension funds has increased by 1 percentage point in May, according to estimates from Aon Hewitt and Mercer. Aon Hewitt calculated a full percentage point increase to 110%, while Mercer placed the increase at approximately 0.7 percentage points to 111.1% at May-end.Aon Hewitt attributed the improvement chiefly to the strength of equity and bond returns at Dutch schemes.The company said Dutch funds’ average assets grew by 2.9%, mainly due to an average 2.1% return on their bonds portfolios. The value of equity holdings increased by 3.9%, while the other asset classes also generated positive returns, according to the consultancy.It noted that pension funds’ liabilities had increased by approximately 1.7% in May as a result of falling interest rates, which also negatively affected the three-month average rate.Pension funds must discount the value of liabilities against the three-month average of the market rate under application of the ultimate forward rate (UFR).Dennis van Ek, principal and actuary at Mercer, underlined that pension funds with a relatively large hedge of the interest risk on their liabilities – and also having a large equity portfolio – performed best in terms of funding last month.He warned that the official coverage ratio would fall by approximately 2.5 percentage points if the market rate were to remain at the same level over the next three months.According to Van Ek, the average funding based on the market rate virtually remained unchanged at almost 105% in May.In other news, SPW, the €8.8bn pension fund for housing corporations, saw its funding ratio increase by 2.2 percentage points to 116.2% over the first quarter, on the back of a 5% overall return.The quarterly result included 2.8 percentage points of return from interest swaps, as well as a loss of 0.1% on its currency hedge.Private equity and government bonds returned 5.6% and 4%, respectively, with credit returning 2.5%.The pension fund further reported returns of 2.2% and -0.7%, respectively, on developed and emerging market equities.Returns on property (3%), hedge funds (1.3%) and infrastructure (2%) were positive, whereas the scheme lost 1.5% on its opportunities portfolio.
Interested parties should apply by 22 June 2018, stating performance data to 31 December 2017, gross of fees. The selected manager will have a track record of at least two years.Separately, an Asian institutional investor has turned to IPE Quest to place a $10m global trade finance mandate.According to search QN-2444, the Asian firm is seeking an active manager with at least $1bn of existing assets under management.The manager should ideally have a track record of at least three years, and must submit performance data to 31 March 2018 net of fees. Other factors that will determine the eventual award of the mandate will be considerations of top-down and/or bottom-up strategies; research capabilities; staffing; and the location of the portfolio managers.Applicants must apply by 25 June 2018.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email email@example.com. Two pension funds are seeking to place mandates through IPE Quest.According to search QN-2452, a Danish investor is searching for a single manager for a $300m (€255m) hard currency emerging market debt mandate.The selected manager must run an actively managed strategy, and all investment styles are acceptable. However, no leverage is permitted on the mandate – and, according to the Danish pension fund, blended products are “not of interest”.The manager must be willing to set up a segregated account and be able to outperform the JP Morgan EMBI Global Diversified DKK-hedged index .
Share Sharing is caring! LocalNewsSports Official FIFA Technical Centre under construction. by: – April 8, 2011 Share Tweet Share 46 Views no discussions President of the Dominica Football Association Mr. Patrick JohnThe Dominica Football Association through its partnership with the Federation International de Football Association (FIFA) has secured a donation to construct an official technical centre to host official football matches. Dominica Vibes news visited the site at Stockfarm and spoke with Mr. Jackson Joseph who is the supervisor of the project.. He informed us that they have completed excavation and leveling of the site, and are now working on the seeding and grassing stage and that the project is running very smoothly.President of the Dominica Football Association, Mr. Patrick John in an exclusive interview informed us that “the technical centre is in two phases, the first phase referred to as Goal two project included the cutting of the land, dressing it and growing grass which costed $400, 000.00 EC, we are now growing grass, plant seeds, watering it, estimated cost of $500,000.00 EC.”He further explained the other phase of the project; “Goal three includes the building of the stands, and the fencing and seating facility on the Eastern and Western sides.” The Association has written to Government to donate the western stand of the old netball facility, which is 260 ft long and would be perfect for seating and the government has agreed.”FIFA has also approved goal three, phase three of the project but the association will have to invite tenders to bid for the contract, and the winning bidder will work directly with FIFA and not with the Dominica Football Association. The field is 100 x 75 metres.The technical centre is designed to accomodate four teams playing in double header competitions as well as the hosting of international FIFA tournaments.The project is expected to be completed by March, 2012 and the association plans to host a match against the Trinidadian team for the grand opening of the project.[album id= 21 template =extend]Dominica Vibes News
GREENSBURG, Ind. — A Rushville man was arrested in Greensburg for multiple drug-related charges.According to police, emergency personnel responded to a call at a residence in Greensburg regarding an unresponsive male. When officers arrived, they noticed Richard Eckel, 43, sitting in the front seat of a truck. Officers secured a knife that was inside Eckel’s pocket.Police say EMS found a prescription bottle containing a brown powder substance. EMS began treating Eckel as an overdose. Medics told officers that Eckel admitted to them that the substance was heroin.Officers found a hollowed out pen in the truck that also contained a brown powder substance. A search of the vehicle also turned up a glass pipe, marijuana, and a smoking pipe with the smell of marijuana coming from it. At the hospital officers say Eckel told them he snorted heroin.Eckel faces charges of Possession of a Narcotic Drug, Maintaining a Common Nuisance, Possession of Marijuana, and Possession of Paraphernalia.
Guardiola took over as Barcelona manager in 2008 and during a four-season run, he led the Blaugrana to a stunning period of success that included three La Liga titles, two Copa del Rey wins and two Champions League triumphs. Messi also experienced an extraordinary run of individual success during this period, winning the Ballon d’Or in four consecutive years between 2009 and 2012. During Guardiola’s final season in charge, the Argentine also reached his career-high in league goals, netting an incredible 50 times in 37 La Liga appearances in 2011-12. Since Guardiola left Barcelona have won the Champions League just once in eight seasons, with Messi winning the Ballon d’Or two times in that timeframe – though Barca have won La Liga five times during that span. Ten Hag believes that during Guardiola’s reign, Messi was able to be more of a team player and under subsequent coaches, the Argentine has seen his level dip at times below where it was under the Spaniard. “Messi was one of the leaders, but he also worked for the team and excelled as a result. He has never been as good as under Guardiola,” Ten Hag told Voetbal International. Loading… Promoted Content8 Superfoods For Growing Hair Back And Stimulating Its GrowthBest & Worst Celebrity Endorsed Games Ever Made6 Stunning Bridges You’ll Want To See With Your Own EyesThe Best Geek Movies Of All TimeWhat Disney Princesses Would Look Like In Modern Day Realities7 Mind-Boggling Facts About Black HolesThe Best Cars Of All TimeWhat Happens To Your Brain When You Play Too Much Video Games?Playing Games For Hours Can Do This To Your BodyThe 9 Best Robots In Movie HistoryWho Is The Most Powerful Woman On Earth?The Very Last Bitcoin Will Be Mined Around 2140. Read More Ajax manager Erik ten Hag has said that Barcelona star, Lionel Messi has not reached the same level since Pep Guardiola left Camp Nou in 2012. “Barcelona has not won much in European terms in recent years either. “Messi still excels, but now also occasionally goes through the lower limit. It was never like that under Guardiola. “Pep has guts, he dares to be pioneering and innovative.” After leaving Barcelona, Guardiola would take over Bayern Munich ahead of the 2013-14 campaign. In Bavaria, Ten Hag had the chance to work alongside Guardiola as the Dutchman coached Bayern’s reserves. Ten Hag would leave to become head coach of Utrecht in 2015. The following season Guardiola would also depart Germany, taking over Premier League giants Manchester City. read also:Clattenburg reveals what’s like refereeing Ronaldo, Messi, Suarez After leading Ajax to a stunning 2018-19 campaign that saw them win the Eredivisie and reach the Champions League semi-final, Ten Hag has been linked with managerial positions at some of Europe’s biggest sides. FacebookTwitterWhatsAppEmail分享
The Toffees manager’s comments that Everton is the right fit “for the next 12 months” sparked some debate but Martinez clarified his meaning by telling the Liverpool Echo: “It was about Ross’ development and how the next 12 months are crucial. “This is a vital period for him to fulfil his potential and the environment where he will be is everything. The only place is Everton. “We want him for the long term but these 12 months are crucial.” Martinez said he would not consider selling Barkley even if a huge offer came in. “It would be wrong for him. As manager you develop a relationship with players and you’re always honest with that,” he told several national newspapers. “Ross is a phenomenal talent, probably the best English talent I have ever seen, but he is not the finished article yet and you need to be very careful. “It’s our duty to protect him and I know Everton is the perfect place for him for the next 12 months. “In football obviously you can never speak about the future. After an impressive season the 20-year-old was named in England’s World Cup squad and there will no doubt be interest in the player during the summer transfer window. Martinez, however, is confident he can hang on to one of his prize assets and continue the progress Barkley has shown since being given a pivotal role by the Spaniard when he arrived at Goodison Park almost a year ago. Everton manager Roberto Martinez believes the next 12 months are “crucial” in the development of Ross Barkley and that is why the youngster has to stay at the club. Press Association “Obviously we need to come along and try to get into the top-four positions to offer players like Ross the next stage of their development. “Ross is delighted at Everton and feels very much that he is in the right place at the right time of his career.” Barkley’s current contract, signed in December 2011, does not expire for another two years but he will be offered a new, improved longer-term deal this summer. Barkley’s team-mate Leighton Baines will, fitness permitting, start England’s opening game of the World Cup against Italy. The fixture is a repeat of their Euro 2012 quarter-final encounter two years previously which Roy Hodgson’s team lost on penalties. However, Baines does not believe there will be any thoughts of revenge in Manaus on June 14. “I wouldn’t have thought so,” he told evertontv. “At some point in a tournament, unless you are going to win it, you will get beaten by someone and we did well to be unbeaten until we got knocked out on penalties so I don’t think there will be any extra spice to it. “There is a lot of experience (in the squad): some of the boys have been to a lot of tournaments and know what it is about and we have the element of youth and exciting players so hopefully the two will blend together.”
THE elections of the Berbice Cricket Board (BCB) executives held last Sunday continued to attract criticism with secretary of the Upper Corentyne Cricket Board (UCCA) Mr Winston Roberts saying he did not accept the position of vice-president as was reported in the media.Roberts stated that he cannot accept any position on the present administration because the process to elect them in his mind was flawed and not in any form democratic.The hard-working UCCA secretary stated that he never agreed to accept any position and was not even aware that he was nominated, as he and the rest of the Upper Corentyne delegation had refused to be a part of the elections.He stated that it was another delegate who told him that he was elected vice-president after the Returning Officer, Mr Drubahadur called his name.He immediately informed the Returning Officer that he was not interested in the position of vice-president and was therefore totally surprised that his name was mentioned in the daily papers.Roberts stated that he is supportive of the Hilbert Foster slate which he has confidence in to transform and correct the poor state of Berbice Cricket.Only twelve delegates voted in the elections out of 34. The only club sub-associations that participated in the elections were Albion, Port Mourant, West Berbice Cricket Association and the Berbice River Cricket.Mental Hospital, Mt Sinai Cricket Club, Rose Hall Canje, Kildonan and Guymine Cricket Club were denied their rights to vote while Blairmont, Police, Chesney and the Upper Corentyne Cricket Association declined to vote in support of their sister clubs who felt they were unfairly denied their voting rights.The clubs were arguing that the BCB years ago voted to stop the payment of and even if they were willing to pay the dues, they could not have done so as the High Court had ruled that the Sonwaru-led BCB was illegal.The delegates of Blairmont, Upper Corentyne, Police and Chesney stated quite clearly that they did not pay any membership fees and were surprised at the announcement that they had paid.Members of the clubs were also surprised that the Berbice River Cricket Association, which has four votes, was allowed to vote as there is no record of any activities of this sub-association or information of elections held by them recently.The elections for Guymine, Mt Sinai, Mental Hospital and Kildonan Cricket Club were recently held and results published in the National Media.