Indonesia advances preemployment card launch to Friday to anticipate virus impacts

first_imgRead also: COVID-19: Well-prepared emergency status, lockdown keys to protecting economy, economists sayThe latest change is the third time the government has advanced the program’s launch this year. The program was previously slated for launch in April in Greater Jakarta, which then changed to late March last week before the government advanced it to this week.The preemployment cards aim to aid job seekers and laid-off workers by granting them access and funding to a broad range of training. The government expects the program to address skill shortages, which have become a real problem in the country’s workforce, as the education system has fallen short of producing graduates with the skills needed by the industry.The program will initially be launched in three tourism-oriented regions, namely Manado in North Sulawesi, Bali and Riau Islands, where activities have been severely affected by the drastic drop in Chinese tourists amid the COVID-19 spread, Susiwijono said. The government is advancing again the disbursement of preemployment cards for workers to Friday and is moving to prepare a third stimulus package in a broader effort to cushion the economy from the impacts of the COVID-19 pandemic, an official has said”Honestly, this is the momentum or right timing,” Office of the Coordinating Economic Minister secretary Susiwijono Moegiarso said in Jakarta on Tuesday.“We are hoping that the preemployment card could become a solution for several sectors, like the tourist sector and its supporting sectors, which have started layoffs,” he added. Topics :center_img It will then be brought to West Java, East Java and Jakarta, where the workforce size is relatively large. He said the government would put forth online classes amid social distancing efforts.On Sunday, President Joko “Jokowi” Widodo called on people stay home to limit the novel coronavirus spread. The pneumonia-like illness has infected 172 people and killed seven in the country.Susiwijono also said the government was discussing a third stimulus package that would include policies to support social distancing efforts, among other things.Read also: Tax breaks, job training to combat virus impacts”There certainly will be several regulations that we will roll out. We are preparing them,” he said, declining to elaborate on the plan.The government announced last Friday that it would allocate Rp 120 trillion (US$8.1 billion) from the state budget to stimulate the economy by providing tax incentives and subsidies for workers, businesses and families affected by the pandemic. It also announced a second stimulus package worth Rp 22.9 trillion, which includes individual and corporate tax breaks, as well as the relaxation of loan disbursements and restructuring requirements. The new measures add to the first Rp 10.3 trillion stimulus package announced on Feb. 25, which provided mortgage subsidies for low-income families and fiscal incentives for travel-related industries.last_img read more

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Murray ‘mentally’ planning for US Open

first_imgTennis chiefs last week cancelled a tournament in Washington DC due to mark the resumption of the men’s tennis season over “continued uncertainties”.Several leading figures have cast doubts over the US Open, including world number one Novak Djokovic, who earlier this month said he was undecided over whether to travel for the tournament. “Hopefully it can go ahead but, if not, I’m also OK with that,” Murray said in comments reported by the Guardian. “It’s not like I’m saying it must go ahead. We need to try to get back to competing when it’s safe to do so.”Some sports have gone back, and seem to have done pretty well — football, for example. The issue for us is the travel.”Murray, still working his way back from injury, suggested he would probably try to compete at the ATP Western and Southern Open, which has been switched to Flushing Meadows, as a warm-up event ahead of the US Open. Andy Murray is “mentally” planning for next month’s US Open but admits he is apprehensive about the return of tennis following the coronavirus shutdown. The former world number one is taking part in the Battle of the Brits Team Tennis event in London this week and remains focused on the showpiece hard-court event in New York, scheduled to start on August 31.The British player told the Metro he was expecting the US Open, which he won in 2012, to go ahead.  Topics :center_img “We have to try and prepare that way,” he said. “We were saying four or five weeks ago, you know, we were pretty skeptical about it but mentally at some stage you need to start preparing and planning for that.””I’m planning to try and be there in shape for the US Open,” he added. “If it wasn’t happening my schedule for practicing, my rehab would all be a bit different. So yeah, mentally I’m planning for it to go ahead.”The three-time Grand Slam champion said he was still “apprehensive” but hopes tennis can follow other sports back into action after the long lay-off.Top-level men’s and women’s tennis has been suspended since March.last_img read more

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Intelligence

first_imgCAPTION: Israel Railways has started testing its latest inter-city coaches supplied by GEC Alsthom Transporte of Spain and assembled at Haargaz Zriffin. The four air-conditioned coaches and a driving power van trailer (inset) were hauled on their first run from Lod (above) by a General Motors GT26W CAPTION: One of Thrall Europa’s prototype Eurospine piggyback wagons (RG 10.96 p625) was at London’s St Pancras terminus for the Piggyback Consortium’s conference on December 2 . An out-of-gauge P22 trailer and another matching Railtrack’s SB1C gauge were successfully loaded and unloaded in a siding just outside the station, but became trapped there for several days while catenary isolation was negotiated. The wagon was moved to London Underground’s civil engineering depot beneath the Earls Court exhibition centre for Intermodal 96 on December 4-6last_img read more

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Longevity-linked securities also of use as short-term holdings, researchers argue

first_imgHe added the research team was “surprised” by the 0.5 Sharpe ratio from longevity-linked investments, but stressed it was “risky in risk-return tradeoffs with a lot of leverage”.For a longevity securitisation market to work, however, “a more transparent and efficient pricing of life annuities” was required to create “an integrated market for insurance and financial contracts with a publically traded longevity index”.The prediction of returns of such products was “surprisingly accurate” as “aggregate longevity is mean reverting and can be used for the predictions”, Tebaldi noted.This was confirmed by Marcel Fischer from the Copenhagen University who discussed the paper at the conference.However, Fischer pointed out there was “no well-working secondary market for products underwritten by insurers” and therefore it was “difficult” for investors to assess such risks.He also questioned whether investors could “make money on this or if the market is too narrow”.Last year, the OECD had also called for more standardisation and transparency in the pricing of longevity risk to allow the market to grow. Researchers have identified the re-packaging of longevity risks into products tradable on the secondary market as a “crucial step” to increasing interest longevity-linked securities, conference participants heard in Vienna.At a retirement symposium organised by Bank Gutmann and the Vienna Economic University (WU), Claudio Tebaldi from the Italian L. Bocconi University presented research he published last year together with other researchers entitled “A Multivariate Model of Strategic Asset Allocation with Longevity Risk”. They found a potentially large number of short-term investors would be willing to increase their exposure to longevity risk, but without increasing the duration in their portfolio.According to Tebaldi the potential investors wanted to use the proceeds from these assets ”to fund bond and equity investments as this gives them a non-cyclically correlated source of financing”.last_img read more

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Wichita State

first_imgWichita State recently accepted an invitation to become a member of the American Athletic Conference.  This means that the long-standing Missouri Valley Conference has lost 2 of its premier teams.  Creighton left 2 years ago.Since Wichita State does not play football, it will not cause an imbalance in the 12-team football portion of the AAC.  The Shockers will participate in all sports except football.Wichita State needed to do this so they could assure themselves of achieving higher seeds in the NCAA Tournament.  Remember, this year they lost in the second round to Kentucky, but it was only by 3 points.  A higher seed would have prevented this type of match-up in the round of 32.Some of the information in this article needs to be credited to Pat Robb of the AP.last_img

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Swiss legal chief faces sack over Infantino meetings

A Swiss parliamentary commission on Wednesday decided to open proceedings that could see the country’s attorney-general dismissed as part of an investigation over a number of alleged secret meetings with FIFA president Gianni Infantino. Head of the Swiss Parliamentary judicial committee Andrea Caroni prior to the hearing The commission voted by 13 votes to four to initiate a case against Michael Lauber. It is “due to a well-founded suspicion of serious violation of the duties of office either intentionally or by gross negligence”, explained the president of the commission, Andrea Caroni. If, at the end of the procedure, the commission finds that the suspicions are confirmed, it will submit a proposal for dismissal to parliament who will decide on the sacking. Otherwise, the procedure will be closed, the commission said in a statement. Lauber came out of the building, where Wednesday’s proceedings were held in private, simply declaring: “It went very well”. According to the report, Lauber, 54, was in charge of matters related to the notorious corruption scandal at FIFA. However, he “violated several duties of office” by meeting Infantino on three occasions in 2016 and 2017. Loading… “On several occasions, Mr. Lauber did not speak the truth, acted unfairly, violated the code of conduct and obstructed the investigation,” argued the monitoring authority. Lauber has staunchly defended himself. “The fundamental principles of the rule of law are being thrown overboard,” said Lauber, in his appeal to the Administrative Court at the end of April, and reported on Saturday by sections of the Swiss media. He accused the members of the judicial commission of being “biased” and of demonstrating “a bias” against him. Lauber said they were dealing “in speculation and (had) a constant disregard for all the facts and extenuating circumstances.” FIFA president Gianni Infantino Read Also: NBA to issue guidelines around June 1 on recalling players – report FIFA has never denied the meetings between Infantino and Lauber, explaining that they were intended to show that the international football federation, which has the status of complainant in certain procedures, was “ready to collaborate with Swiss justice”. But the legal vagueness in which these meetings took place has raised questions. FacebookTwitterWhatsAppEmail分享 Promoted Content6 Interesting Ways To Make Money With A Drone7 Ways To Understand Your Girlfriend Better10 Risky Jobs Some Women DoA Hurricane Can Be As Powerful As 10 Atomic Bombs5 Of The World’s Most Unique Theme ParksLittle Georgie Henley Has Grown Into A Beautiful Swan!6 Extreme Facts About Hurricanes7 Reasons Why You Might Want To Become A VegetarianA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreThe Models Of Paintings Whom The Artists Were Madly In Love WithLaugh, Cry, Or Just Relax With The Best Series Streaming On HBO read more

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Thornton stays hot at Canyon’s Mid-Summer Classic

first_imgBy Lonnie Wheatley PEORIA, Ariz. (July 12) – Ricky Thornton, Jr., continues to hold the hottest of Canyon Speedway Park hands as he raced to yet another IMCA Xtreme Motor Sports Modified feature victory in Saturday’s Mid-Summer Classic atop the 1/3-mile clay oval. Thornton raced from the front row outside to his ninth win in 11 CSP events thus far in 2014, taking the checkered flag ahead of Jason Noll with Brian Schultz, Steve Stultz and Chaz Baca, Jr., in the top five. Joe Wampole advanced the most positions in the main event by racing from 19th to seventh.last_img

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I always believed – Martinez

first_imgEverton boss Roberto Martinez is reaping the rewards of daring to dream as he embarked upon the latest phase of his managerial career. The 40-year-old Spaniard guided his club into the Barclays Premier League’s top four on Saturday evening with a 1-0 win at Sunderland – their seventh in succession – to leave Arsenal in little doubt that their challenge for Champions League qualification is genuine. Few onlookers would have expected Martinez to make the impact he has so quickly after taking over from David Moyes in June last year. However, they found a way to win, even if they did need a helping hand from their hapless hosts. There were 15 minutes remaining when 20-year-old Spaniard Gerard Deulofeu yet again showed left-back Marcos Alonso a clean pair of heels before sending in a cross which hit defender Wes Brown at the near post and beat goalkeeper Vito Mannone. With five games remaining, Everton now sit two points clear of Arsene Wenger’s FA Cup finalists and, although their run-in is not straightforward – both Manchester clubs are yet to visit Goodison Park – they have a very real chance of gatecrashing the top four. Martinez said: “Remember, when we started at the beginning of the season, you had six football clubs with big budgets who were fighting for the title and we are out of that six, so you can imagine that we have got no pressure whatsoever. “We want that pressure in terms of performing well week in, week out and finding ways to win game consistently. “But we are fighting to achieve something, we have something to win. Believe me, that in football is no pressure whatsoever.” Opposite number Gus Poyet knows all about pressure, however, as he attempts to drag Sunderland out of a seemingly insurmountable slump which has seen them cast seven points adrift of safety with just six games to play. The club’s problems are by no means all of his own making, and he admits some date back several seasons. Poyet said: “You have to go back three or four years, or maybe seven or eight. “I have been reading from the times of Reidy (former manager Peter Reid), and apart from one year when Darren Bent scored 24 goals, we have been always playing with fire. “The only thing that has changed more or less is the manager, so maybe it’s time to change something different and look for the real problem inside the club and not just the one who comes here and talks to you every week.” However, he insists what has transpired was within the bounds of his imagination as he eased himself into Moyes’ shoes. Martinez said: “If you don’t imagine it, you will never get there. I have never seen in football anyone achieve something that nobody had a bit of a dream or a bit of a vision about. “I always felt that this group of players, with the 10 players we have bought in the two windows, we created a squad that had a perfect balance of great bravery and talent and young ambition with a real know-how and experience, and I think that balance is reflected in (Saturday’s) performance. “Compared to last Sunday, it was a complete contrast and to have that diversity in your squad is phenomenal. “The points that we have, it hasn’t been a case of luck or being fortunate, it’s the opposite. “Every point that we have dropped this season, it has seemed a little bit unfortunate, and that shows you that we have got still a margin for improvement, and that’s what we are going to try to do from now until the end of the campaign.” If last weekend’s 3-0 home victory over the Gunners represented a declaration of intent, Saturday’s performance and result at the Stadium of Light were more prosaic, but ultimately had the same effect. The Toffees were not at their fluent best, particularly in front of goal, against a Black Cats side fighting for their top-flight status. Press Associationlast_img read more

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Mourinho: Blues Cesc’s first choice

first_imgChelsea manager Jose Mourinho maintains it took him only 20 minutes to convince Cesc Fabregas to sign from Barcelona – and reckons the former Arsenal captain never wanted to move back to his old club. Mourinho added: “I don’t think so (sign any more players). The market is open, but we are so happy with what we have. “We feel that our squad is what we want “We don’t want a squad of only end products. We also want to bring to the first team, three or four under-21s, we are going to develop players and are happy with this balance we have.” Mourinho maintains the disappointment suffered by hosts Brazil this summer will not impact on the domestic form of Ramires, Oscar and Willian. “I was more worried last season. Last season I felt them too much connected with the World Cup and we were January, February and March and I was feeling them already there and that really worried me, it was a difficult situation,” he said. “Now it was a big disappointment, but you have to move on from that in football. “I am waiting for them and I don’t think it will be a problem. “I have to try to use it in a positive way – you didn’t succeed so this season is important for you, let’s change the image and the feelings and go back to what you are as what you were in the World Cup was your twin brother.” BT Sport is set to again showcase the Premier League with some 38 exclusively live matches, including 18 ‘top picks’, which will start with Manchester United’s opening match against Swansea on August 16. Mourinho believes the 2014/2015 campaign will be the most difficult to predict. “Why I like the Premier League so much is that at this moment, nobody knows who is going to win the title,” he said. “I know that we want to and I know that we can, but it is the kind of competition where I can’t say. “At this moment, I think between us, Liverpool, Arsenal, Man United, Man City – who is going to be first, who is going to play in the Europa League, I don’t know.” Mourinho added: “There were good teams last season and there will be better teams this season because everyone is investing. “If you make a team to be champions, then you have a big chance to finish in the top four.” The Blues have been quick to bolster their squad this summer, bringing in Fabregas before the World Cup, and have since added fellow Spaniard Diego Costa and also defender Filipe Luis from Atletico Madrid, as well as promising 19-year-old midifielder Mario Pasalic from Hajduk Split. Arsenal had first option to bring Fabregas back to the club he left in 2011, which manager Arsene Wenger passed up as he pursued other targets. Mourinho, though, feels Stamford Bridge was always the midfielder’s preferred destination. “I spoke with him 20 minutes. I think he really wanted to come to us,” said Mourinho, who is an ambassador and pundit for BT Sport next season and took part in a Q&A session at BT Tower in central London on Friday night. “As you know, Arsenal had an option where they could interfere, but I think he was not open to that, I think he was very, very much in our direction, so it was an easy job for me.” Chelsea have been linked with several other big names this summer, including German World Cup winner Sami Khedira – also a reported target for Arsenal – and Monaco forward Radamel Falcao, who did not play for Colombia in Brazil because of injury. Mourinho, though, indicated the Blues’ chequebook was closed. “I have to say my club did a fantastic job, and not just becaue of what we bought, but because we did it in almost record time. The transfer market closes 31 August and we close our market on July 19. We finished the market today,” he said. “The club did fantastic, we knew the targets, we knew the players and the club attacked them and their clubs at a very early stage. “We got exactly what we need and what we want. The squad is one which I like very much and I look forward to starting the season.” Press Associationlast_img read more

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GSA, MDI boys, girls split tennis matches

first_imgELLSWORTH — The George Stevens Academy and Mount Desert Island boys’ and girls’ tennis teams split a pair of tennis matches at the Ellsworth Tennis Center on Friday.The GSA boys received a doubles win from Christian Jones and Rhett Cheng and claimed a 3-2 victory on the day with singles wins from Boris Chen and Bryant Hsiung against Jimmy Carroll and Gabe Michael, respectively.On the girls’ side, MDI won 3-2 to hand GSA its first loss of the season. The Trojans got singles wins from India Janes and Delaney Smith and a doubles win from Emily Banks and Rachel Jacobs.MDI is on the road against Ellsworth at 4 p.m. Monday, May 8. GSA is at home against Dexter at that same time and date.This is placeholder textThis is placeholder textlast_img

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