PREMIUM100,000 retail workers on brink of furlough as consumption free-falls

first_imgLinkedin Topics : Facebook Forgot Password ? shopping-mall APPBI Hippindo retail-sales retailer household-consumption COVID-19 wage-subsidy Google More than 100,000 workers in the retail industry face the risk of being furloughed as customers have been visiting rarely and spending little during the COVID-19 pandemic, associations have said.An internal survey by the Indonesian Shopping Center Tenants Association (Hippindo) revealed that retail sales from May to July were down about 80 percent from the pre-pandemic level. The association projected that lifestyle retailers would also post a 60 percent year-on-year (yoy) contraction in the third quarter.“Our current data [from 90 companies] show that around 100,000 employees may be furloughed,” Hippindo chairman Budihardjo Iduansjah told reporters during an online press conference on Monday.In addition to the furloughed employees, around 1.5 million workers could face other financial perils, such as pay cuts and shift reduction if the pandemic continues to suppr… Log in with your social account LOG INDon’t have an account? Register herelast_img read more

ATP posts 5.8% investment return in Q3 after Nets IPO

first_imgWhile he said the year-to-date return was more than the pension fund had previously expected to achieve, he was less positive about the future.“We do not expect these high returns to continue given the challenges that Europe, in particular, is facing with weak economic growth, an extreme monetary policy situation, where half of Europe’s government debt has negative interest rates, an under-capitalised financial sector, and the prospects of a hard Brexit,” Stendevad said.ATP divides its assets into a huge hedging portfolio designed to back the pension guarantees it gives and a smaller investment portfolio that consists of its free reserves or bonus potential. Returns achieved on ATP’s investment portfolio are not directly comparable with returns reported by most pension funds because of the leveraging effect the hedging portfolio assets can allow.In the first nine months, ATP said in its release of interim results that the investment portfolio’s strong return was driven mainly by private equity, which contributed DKK5.3bn (€712m) of the portfolio’s DKK12.5bn return in absolute terms.However, it said fixed income, credit, real estate and infrastructure had all made large positive contributions to the return.On the other hand, the DKK3.7bn loss on long-term hedging strategies against inflation increases had pulled the result down.ATP’s equity and debt investment in Nets, which held its initial public offering (IPO) in late September, contributed a profit of DKK1bn to third-quarter results, with DKK900m of that included in its private equity investment results and the rest categorised as credit.Overall, however, ATP has now generated a return of DKK2.5bn out its original DKK3.6bn investment in Nets first made just over two years ago.ATP reported it made an overall business loss in the first nine months of the year of DKK1.1bn, dipping into the red after the DKK9.9bn it set aside earlier this year to cater for an increase in life expectancy.Total assets grew to DKK805.7bn at the end of September from DKK705.2bn at the end of December 2015, with the hedging portfolio standing at DKK705.6bn and the bonus potential at DKK100.1bn. ATP, Denmark’s largest pension fund and the fourth biggest in Europe, made a 5.8% return on its return-seeking investment portfolio before tax and expenses in the third quarter, due in large part to a profit on its private equity investment in payments business Nets.This return for the quarter relative to the investment portfolio – which consists of ATP’s bonus potential and not its entire asset base – brought the year-to-date return to 12.3% at the end of September, from the 6.7% generated for the first six months of the year.This nine-month return is slightly higher than the 11.6% return produced in the same period last year.Carsten Stendevad, ATP’s chief executive, said: “We are delighted with how our investment portfolio has performed so far this year, with most asset classes performing strongly.”last_img read more

Festive season the perfect time to sell

first_imgFile photo. Picture: istockAround this time of year I am often asked if it’s too late to list, with Christmas looming in just a handful of weeks, writes REIQ Townsville Zone chairman Wayne Nicholson.My answer is a resounding ‘No, it is not too late!’. Some property pundits like to believe that there are better times of the year to sell than others. In cooler climates agents often talk about running a spring campaign, for example, as they believe buyers go into hibernation during the winter. Given that we have winter on Tuesday in Townsville, in my opinion there really is no perfect time to list. The argument used to be that listing at the end of the year in readiness for the “silly season” which in Townsville is the transfer season of January, February and March was the clever thing to do. In reality we have not seen a silly season in Townsville for years and the traditional influx of buyers during the first three months of the year hasn’t really eventuated. We tend to see a smoother transfer trend these days where people move throughout the year. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Call me old fashioned (and many do!) but I’m of the tried and tested opinion that as long as you meet the market when you list, it really doesn’t matter what time of year you put your property on the market in Townsville. Buyers are extremely astute when it comes to the market and the internet provides them with all the information they need. Whether you list in January, June or December as long as you listen to your REIQ agent when it comes to positioning your property price-wise, you should sell the home in 30 to 90 days. Personally, I would I would have five bob each way and get my home ready and listed just in case there is an influx of buyers in early 2019. You have everything to gain and nothing to lose. But I say again, if you list $20,000 to $50,000 above the market it doesn’t matter when you list because it just won’t sell. If your property is overpriced that simply helps sell the property down the street. An overpriced property will sit on the market and risk becoming stale.Talk to your agent and tell them that you want to be in the market and not just on the market. Listen to their advice and then go for it!last_img read more

PGS to Shoot Seismic Over UKCS Licence P2170

first_imgStatoil and its partners in UKCS licence P2170 have committed to pre-fund a 3D seismic survey over the licence area and certain offset acreage, to be conducted by Petroleum Geo-Services ASA (PGS).The survey over the licence P2170, which contains the Verbier oil discovery and the Cortina prospect, will be undertaken during Q2 2018 in the Moray Firth area, Jersey Oil and Gas, who holds 18% in the license, informed.Delivery of the final imaged data by PGS is currently expected in late Q1 2019.This pre-funding commitment has enabled Statoil , as operator of P2170, to have input into PGS’ survey design and the acquisition and processing parameters in order to ensure the delivery of a high quality dataset, specifically optimized to advance the interpretation of the Verbier discovery and assessment of other exploration opportunities within the P2170 licence area.The anticipated timing for delivery of the final imaged data from PGS will facilitate integration with the results from the Verbier appraisal well, scheduled for drilling this summer.last_img read more

CYF apologises for placing teen with rapist

first_imgTVNZ 24 June 2012Child, Youth and Family has apologised to a Taranaki woman for placing her with a convicted rapist when she was 16. The woman, who is now 27, was under CYFS care while completing a youth court supervision order, but the organisation admits it did not vet the man they placed her with. She now lives with HIV and the knowledge that she has passed the virus on to one of her sons. “I thought that (vetting) was one of the first things they were meant to do and if they had it would’ve popped up with his history,” the woman, known as ‘Joanne’, told Marae Investigates . “There’s no way someone with that history should get care of a child, no way,”…However, in a statement to Marae Investigates the Deputy Chief Executive of Social Development David Shanks admits CYFS let Joanne down, and has apologised. “In 2001 it wasn’t mandatory for CYF staff to do criminal checks around family placement decisions made at youth justice family group conferences. This was a gap in CYF policy,” he said in a statement. “Staff at the time were still, however, expected to assess the caregiver’s suitability. In hindsight it appears we didn’t do a good enough job around this and we let (Joanne) down.” Shanks went on to explain the “gap” in policy has since been closed. “Early this year it became mandatory to do criminal checks for these placements. A range of other safety checks are now also required including home visits.” read more

Here’s how much it cost to hire Ronaldo for a day

first_img The firm were allowed to use images of the former Real Madrid star that were taken on the day, but the advertising was only regional as the publication was limited to the Middle East and North Africa area. For all of the above, Ronaldo and his representatives charged the company a monumental £920,000. In new set of ‘Football Leaks’, once again published by Der Spiegel, it emerged Ronaldo signed a 10-year deal with the American sportswear giant Nike in 2016 and is entitled to collect a basic salary of €16.2 million (£14.8 million) per year “as long as he plays for a Category A club”. Ronaldo also receives a €4 million bonus for any individual award he wins, such as the Ballon d’Or. Have you ever wondered how much it would cost to hire Cristiano Ronaldo? Well, now you don’t have to wonder anymore. Loading… Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable WayWho Is The Most Powerful Woman On Earth?Which Country Is The Most Romantic In The World?10 Greatest Disney Female Villains We Love Anyways7 Black Hole Facts That Will Change Your View Of The Universe5 Of The World’s Most Unique Theme ParksBirds Enjoy Living In A Gallery Space Created For ThemTop 10 Most Populated Cities In The World5 Of The World’s Most Unique Theme ParksEverything You Need To Know About Asteroid Armageddon10 Phones That Can Easily Fit In The Smallest Pocket2020 Tattoo Trends: Here’s What You’ll See This Year That’s because in 2017, the Football Leaks book from by Der Spiegel journalists Rafael Buschmann and Michael Wulzinger, provided insight how much Ronaldo’s services cost. We’re not talking about how much it costs to have him turn up and play for your Sunday League team like Kaka did back in February, this is about booking CR7 for half a day’s work. Read Also: Italy’s Serie A to resume on June 20 With his many endorsements and a handsome salary combined, the 35-year old topped the recent Forbes list of highest-paid footballers after being pipped by tennis legend Roger Federer in the overall rankings. Ronaldo raked in $105 million in total – made up of $45 million from endorsements and a further $60 million from salary/winnings. FacebookTwitterWhatsAppEmail分享 And as a Saudi telecoms firm found out in 2013, Ronaldo costs an eye watering amount to hire. The book reveals that Mobily struck a deal with Ronaldo’s Irish image rights company, Multisports & Image Management whereby they would get four-and-a-half hours of his time. The service consisted of a photo-shoot, five signed shirts and two plugs across his social media channels, where the five-time Ballon d’Or winner has an enormous following.Advertisementlast_img read more

Indiana Republican State Convention Moving to Virtual, Mail-In Format

first_imgStatewide— Due to necessary restrictions on large gatherings because of the COVID-19 pandemic, today the Indiana Republican Party announced that the 2020 Indiana Republican State Convention will shift to a virtual format. This follows a unanimous vote by the Indiana Republican State Committee last month to approve temporary rules to allow for this convention structure.In order to provide delegates and all Hoosiers with access to all major components of an in-person convention, the convention will be live-streamed and broadcast live by WISH-TV Channel 8 and its statewide news partners on June 18 from 5:30 p.m. – 7 p.m. This will include speeches from each attorney general candidate, Lt. Governor Suzanne Crouch and a keynote address from Governor Eric Holcomb.Voting will be conducted by mail, with delegates receiving ballots around June 22, which will then be returned to an independent accounting firm by July 9. Ballots will be counted on July 10, with the option for each candidate to have watchers in the room.The voting process will maintain the cornerstone of a convention race, requiring a winning candidate to receive at least 50% plus one of all voters cast. Delegates will indicate their top choice on the ballot and then have the option to rank the remaining candidates. If a candidate does not receive at least 50% plus 1 of all votes cast, then the candidate with the lowest vote total will the dropped. Delegates who selected the dropped candidate will have their ballot cast for their second choice (if a second choice was selected).last_img read more

Crawley looks like a class player: Sourav Ganguly

first_imgMUMBAI: BCCI President and former India captain Sourav Ganguly has heaped praise on England batsman Zak Crawley, who hit 267 against Pakistan in the third Test in Southampton, calling the youngster a class player. Playing in only his eighth Test, the 22-year-old Crawley hit 267 in a record-setting partnership with fellow century-maker Jos Buttler (152) on Saturday, taking England closer to a Test series victory over Pakistan. The 393-ball knock put him in 10th place in the all-time list of top scores by an English player. “England have found a very good no 3 in Crawley,” Ganguly tweeted. “Looks a class player… hope to see him in all formats regularly.”Only playing the third and final Test because Ben Stokes has returned to his native New Zealand for family reasons, Crawley staked a claim to become a regular No. 3 batsman in the England team with his double century. Agencies Also Watch: Arjuna Award for Assam Boxer Lovlina Borgohainlast_img read more

Update on the latest in sports:

first_imgPARIS (AP) — With discussions ongoing over whether the U.S. Open or the French Open can even take place later this year, a new digitally friendly tennis tournament starts Saturday in southern France with four Top 10-ranked players involved.Co-founder Patrick Mouratoglou hopes the Ultimate Tennis Showdown can change the way tennis is viewed by allowing a younger audience to access the raw feelings of players.The UTS features ATP Finals winner Stefanos Tsitsipas and U.S. Open semifinalist Matteo Berrettini. There will be 10 players with matches every weekend for five weeks in a round robin format.Matches will be streamed live with organizers saying every sight and sound will be captured.DOPING DIACK TRIAL Associated Press June 8, 2020 Caldwell was awaiting sentencing this month after pleading guilty to a charge of conspiracy to commit health care fraud, along with several other former NFL players. He also served prison time on a 2014 drug charge.COLLEGE BASKETBALL-GREEN BAY-RYANGreen Bay picks Ryan as new hoops coachGREEN BAY, Wis. (AP) — Green Bay is turning its men’s basketball program over to Will Ryan.Athletic director Charles Guthrie has announced that the school and the 41-year-old Ryan have agreed to a deal in principle, though final contract details are still being worked out. FOOTBALL-OBIT-CALDWELLReche Caldwell fatally shotTAMPA, Fla. (AP) — Former University of Florida and NFL wide receiver Reche Caldwell was fatally shot Saturday night in his hometown.Caldwell’s mother confirmed her son’s death to the Tampa Bay Times, saying police told her they believe her son was ambushed outside his home in a possible robbery attempt.Caldwell was drafted by San Diego in the second round in 2002. He had 152 catches for 1,851 yards and 11 touchdowns in six NFL seasons — four with the Chargers and one each with New England and Washington. The school has announced that Riley died early Sunday morning at 72. No cause of death was given.Riley was a four-year starting quarterback at Florida A&M and a Rhodes Scholar candidate before he was taken by the Cincinnati Bengals in the sixth round of the 1969 NFL/AFL draft. Moved to cornerback by head coach Paul Brown, Riley had 65 career interceptions for 596 yards and five touchdowns in a 15-year career with the Bengals. He also recovered 18 fumbles, and his interception total ranks fifth in NFL history.Although named a First Team All-Pro three times and a second teamer on two other occasions, Riley still hasn’t been elected into the Pro Football Hall of Fame despite his impressive statistics. He landed on the All-Pro First Team in 1983, his final season.Riley coached the Rattlers from 1986-93, going 48-39-2 with two Mid-Eastern Athletic Conference titles. He took A&M to the second-ever Heritage Bowl, losing to Grambling State in 1992.NFL-OBIT-ZOOK Ex-Falcons DE Zook diesATLANTA (AP) — Former NFL defensive end John Zook has died in his native Kansas after a long battle with cancer.Zook originally was taken by the Los Angeles Rams in the fourth round in 1969 but was subsequently traded to the Atlanta Falcons. He teamed with Hall of Famer Claude Humphrey to give the Falcons a dynamic combination at defensive end from 1969-75. Zook never missed a game during his tenure with the Falcons, starting 97 of 98 contests. He made his only Pro Bowl appearance in 1973, joining Humphrey in the all-star game.Zook played his last four seasons with the St. Louis Cardinals before retiring after the 1969 campaign.His brother, Dean Zook, confirmed the death to the Atlanta Journal-Constitution. VIRUS OUTBREAK-MAYERBoxer Mayer tests positive for COVID-19, out of return boutUNDATED (AP) — Junior lightweight contender Mikaela Mayer has tested positive for COVID-19 and has been pulled from the co-main event of Las Vegas’ first major boxing card since the start of the coronavirus pandemic.Mayer announced her positive test on social media two days before her scheduled bout against Helen Joseph in the Top Rank show at the MGM Grand Garden Arena.The former U.S. Olympian is asymptomatic but says she tested positive for the virus on Saturday. The rest of Mayer’s camp has tested negative, including her longtime coach. Update on the latest in sports: Harvick turned in another dominating run at Atlanta Motor Speedway, cruising to victory over Kyle Busch and Martin Truex Jr. Harvick won for the second time since NASCAR returned from the shutdown caused by the coronavirus pandemic, adding to his emotional victory at Darlington in the first race back.Harvick came into the day having led 1,138 laps on the 1.54-mile Atlanta trioval, far more than any other driver in the 40-car field.He now has 51 wins — breaking a tie with Ned Jarrett and Junior Johnson for the 12th spot on the career list. Three of those triumphs have come at Atlanta Motor Speedway, including in 2001 and 2018.Busch ended up second, followed by Truex, Ryan Blaney and Denny Hamlin. Seven-time Cup champion Jimmie Johnson was seventh in what may have been his final Atlanta appearance. Johnson plans to retire as a driver after the season.NASCAR acknowledged the social unrest in the country and vowed to do a better job of addressing racial injustice in the wake of George Floyd’s death. The son of former Wisconsin coach Bo Ryan comes to Green Bay after posting a 14-13 record in his lone season as the head coach at Division II program Wheeling in West Virginia.COLLEGE FOOTBALL-IOWA-STRENGTH COACHIowa coach denies racial misconductIOWA CITY, Iowa (AP) — Iowa football strength and conditioning coach Chris Doyle denies any “unethical behavior or bias” based on race.Several black former players posted on social media Friday night about issues they saw in the football program, attributing many of them to Doyle. He was placed on administrative leave Saturday, part of a decision made by coach Kirk Ferentz in what he called “a defining moment” for Iowa’s football program. NASCAR President Steve Phelps addressed drivers and teams on the track before the race, saying. “The black community and all people of color have suffered in our country, and it has taken far too long for us to hear their demands for change. Our sport must do better. Our country must do better.”Bubba Wallace donned a black T-shirt with the words “I Can’t Breathe” and “Black Lives Matter.” Wallace is the only African American in the top-level series.FOOTBALL-OBIT-RILEYFormer Bengals star Ken Riley dead at 72ST. PETERSBURG, Fla. (AP) — Ken Riley was a ball-hawk defensive back in the NFL before serving as a head coach and athletic director at his alma mater, Florida A&M. In other news related to the coronavirus pandemic:— Sports fans again will be able to fill stadiums in New Zealand after the government removed restrictions on public gatherings imposed in response to the coronavirus pandemic. Prime Minister Jacinda Ardern says New Zealand will move from midnight Monday to alert level 1 under which life returns almost to normal, though border restrictions remain in force. New Zealand has succeeded in eradicating the coronavirus; as of Monday it had no active cases of Covid-19 and hadn’t recorded a new infection for 17 days.— Spanish league president Javier Tebas said Sunday he is in favor of having fans back in stadiums as soon as regions are cleared by health authorities. However, that contradicts an earlier message by Spanish Prime Minister Pedro Sánchez, who said it wouldn’t be fair for some clubs to have fans and others not. Spain has been gradually lifting confinement restrictions because of the coronavirus pandemic. Some regions have entered advanced stages that could allow them to have matches with at least some fans in the stadiums.TENNIS-NEW TOURNAMENTNew tennis tournament in France aiming for younger audience Share This StoryFacebookTwitteremailPrintLinkedinRedditNASCAR-ATLANTAHarvick wins as NASCAR recognizes social unease following death of FloydHAMPTON, Ga. (AP) — Kevin Harvick is a winner at the site of his first NASCAR Cup victory. Massive sports corruption case finally heard at Paris trialPARIS (AP) — A sports corruption trial involving allegations of doping cover-ups and illicit payoffs at the top of track and field has opened in Paris.In six days of hearings, the court is due to hear evidence that Russian athletes paid millions of dollars to hide their suspected doping so they could compete at the Olympics in 2012 and other competitions.Lamine Diack, who served as president of the sport’s governing body for nearly 16 years, is one of the alleged recipients of the payments. The 87-year-old Diack was present in court today, wearing a white face mask.last_img read more

For Brad Pike, planning Syracuse’s meals requires close attention to detail

first_img Published on March 23, 2016 at 11:31 pm Contact Jesse: | @dougherty_jesse Facebook Twitter Google+ ST. LOUIS — Following Syracuse’s practice at the Scottrade Center this past Saturday, Brad Pike was a one-man assembly line.Without ever looking at his hands, Pike grabbed small plastic bags, filled them with ice, twisted a tie around the top and added to a pile at the end of the trainer’s table. He told players to come get their ice, held short side conversations with other staff members and even stole a glance or two at the basketball playing on the locker room’s TV. All while the ice kept flowing.But for Pike, whose official title with Syracuse is assistant athletics director for sports medicine, post-practice icing is a simple task. Mindless, even. Just a small part of a season-long routine that keeps the Orange’s tight seven-man rotation as fresh as a tight seven-man rotation can be during an NCAA Tournament run in late March.And as that routine rolls along, the same question always lingers in the back of Pike’s head. A very important question. A question that can be the difference between SU’s players feeling settled or unsatisfied at the end of the day. A question that everyone thinks about but Pike has to answer, not just for himself but for a team of college-aged men and the full Syracuse basketball staff.What is the team’s next meal going to be?AdvertisementThis is placeholder text“I plan all of our meals on the road,” Pike said, still twisting bags of ice. “… I want to make sure to fill their stomach up with good stuff so they’re not looking for bad stuff later.“Or, if they do look for the bad stuff later, it’s going to be in a small amount versus, ‘I didn’t really like the food, I didn’t eat anything.’”When Syracuse received an at-large bid to the NCAA Tournament two Sundays ago, Pike started considering the travel variables: St. Louis, a city he hasn’t visited with the Orange, is in the Midwest. The Midwest traditionally has good beef. Beef is one of the core entrees of the Orange’s five-meal rotation. A good start, but only the beginning.Pike then flipped open his laptop and got to work, pulling up a spreadsheet that shows every meal SU has eaten on the road over the last five or so seasons. He has the meals sorted by date, hotel and, most importantly, quality. He’s started to see trends in this matrix of ingredients and hotel chains, like what to eat in certain regions of the country and what different hotels make well. That was how he mapped each meal for the Orange’s five-day trip to St. Louis — which eventually included two wins in three days to advance to the Sweet 16. By 2 p.m. that Monday, Pike was finished and he called the St. Louis City Center Hotel to start discussing his meal-by-meal plan. When the Orange landed there Wednesday, the next step was to make sure it unfolded seamlessly.“There are always wrinkles, like last year I gave in on bacon because Rakeem Christmas was a bacon addict,” Pike said. “But then I worry about the hotel keeping it crispy enough, and other things like trying to make the meals too gourmet and putting in oils and butters. We try and keep it a bit cleaner. This hotel in St. Louis did a great job of that, but I worry.”A lot of what Syracuse does on the road, in terms of food, fits the season-long roadmap. Pike makes sure there are healthy sandwiches within an hour of the team’s workouts every day to restore the glycogen in the players’ muscles. He tries to make sure each rotational player drinks half his body weight in ounces of water every day, which decreases fatigue and gets rid of the byproducts of exercise. There’s always pasta the night before games. There’s always things to consider at breakfast, like if he can get the preferable cage-free eggs and which players’ stomachs are sensitive to certain “mixes” in the morning.Somewhere in between all that, the meals are plugged in.“It pretty much goes like this, Brad points us all to a room and then there’s just all this food in there,” said SU walk-on Doyin Akintobi-Adeyeye. “And really it’s like, ‘Damn, where did this all come from?’ We don’t even see it. And it’s not just food anyone can make, it’s good.”Syracuse is already in Chicago, where a Friday night meeting with 11th-seeded Gonzaga awaits. Last weekend, Pike said he felt good knowing the team was probably staying in a nice hotel with a good chef. But there will always be questions. Is the cod as good there as it was in St. Louis? What’s the signature meat? What else does Chicago traditionally do well?And then there’s the deep-dish pizza, a staple of the city’s food vernacular. Will there be room for that on the menu?“Pizza is not bad,” Pike said smiling, then straightened his face and realized he’s responsible for 17 impulsive eaters. “I mean it can be bad. Anything in excess is bad. I’ll have to watch out for that.” Commentscenter_img Related Stories How Dajuan Coleman can provide an added bonus for SyracuseBlum: Syracuse playing rest of NCAA Tournament on borrowed timeWhy Tyler Roberson can be a consistently dominant rebounder for SyracuseSyracuse basketball opponent preview: What to know about GonzagaSyracuse basketball roundtable: How to handle Gonzaga’s threats and how SU can improvelast_img read more