Jokowi changes 2020 state budget again, with deficit at 6.34% of GDP

first_imgPresident Joko “Jokowi” Widodo signed Wednesday Perpres No. 72/2020, a presidential regulation that regulates an increase in state spending and a widening state budget deficit amid Indonesia’s fight against the coronavirus pandemic.The government now officially states that the 2020 state budget deficit is expected to reach Rp 1.03 quadrillion (US$73.4 billion) or 6.34 percent of gross domestic product (GDP) after several high-ranking officials mentioned the figure in recent days. A previous presidential regulation, Perpres No. 54/2020, which also amended the budget, stipulated a deficit of 5.07 percent.Read also: Indonesia’s debt to swell further in 2021 to finance economic recovery The latest regulation stipulates that state spending, which includes government spending and regional direct transfers and village funds, may reach Rp 2.73 quadrillion this year, an increase of Rp 125.3 trillion from the figure stated in the previous regulation announced in April.State income is expected to reach Rp 1.69 quadrillion, a decrease of Rp 60.9 trillion from the government’s earlier projection due to lower tax collection as the pandemic hit all economic sectors.The speed of the revisions underscores the ferocity with which the virus is moving through the economy.“All economic sectors are now under intense pressure,” Finance Minister Sri Mulyani Indrawati said recently. “The situation is developing rapidly, so the stimulus program will change again as we look at economic developments and try to mitigate the downside risks.”Read also: GDP to contract by 3.1% in Q2 on COVID-19 headwindsThe government has allocated Rp 695.2 trillion worth of stimulus spending in a bid to prevent a more severe economic downturn and strengthen healthcare systems amid the pandemic. This is the latest increase from around Rp 677 trillion allocated in early June.The coronavirus pandemic has ravaged the country’s economy, with government officials expecting an economic contraction of 0.4 percent this year in the worst-case scenario, or growth of 1 percent in the baseline scenario. Indonesia’s economy grew 2.97 percent in the first quarter, the weakest since 2001.Topics :last_img read more

Chelsea to launch £80million transfer bid for Wilfried Zaha in January

first_imgChelsea to launch £80million transfer bid for Wilfried Zaha in January Wilfried Zaha was the subject of failed bids from Arsenal and Everton during the transfer window (Picture: Getty)Chelsea will launch an £80million bid for Crystal Palace winger Wilfried Zaha in January if they can get their transfer ban overturned.Frank Lampard has faced a testing start to his managerial career at Stamford Bridge, prevented from adding to the squad he inherited from Maurizio Sarri and opting to sell his most experienced defender in David Luiz to Arsenal on deadline day with the Brazilian said to have become a disruptive influence.According to the Sun, Chelsea are confident they can overturn the punishment they received from FIFA and will look to prise Zaha from Selhurst Park come the turn of the year.AdvertisementAdvertisementThe 26-year-old was coveted by Arsenal earlier this summer but the Gunners failed to tempt Palace with a £40m bid and subsequently turned their attentions to Nicolas Pepe, who ultimately cost a club-record £72m.ADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityEverton, too, were unable to tempt the Eagles into selling their prize asset, who handed in a transfer request on Wednesday and did not train on Thursday ahead of Saturday’s first game of the season, ironically against the Merseysiders.The Toffees were prepared to put a cash plus players deal together worth around £100m for Zaha and pay the former Manchester United forward £200,000-a-week but Palace refused to budge.Everton signed Alex Iwobi from Arsenal on deadline day for close to £40m and are therefore unlikely to return for Zaha, leaving Chelsea potentially with a free run at the versatile forward. Advertisement Metro Sport ReporterThursday 8 Aug 2019 11:41 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.1kShares Alex Iwobi joined Everton from Arsenal on transfer deadline day (Picture: Getty)Speaking about Zaha’s state of mind, meanwhile, Palace boss Roy Hodgson said on Thursday: ‘He’s staying and we’re pleased about that. I sent him home, it being the last day of the transfer window, because it’s well documented he wanted to leave.‘His beef is with the chairman and the owners, because they didn’t receive an acceptable offer.‘But when you sign long-term contracts, you have to accept this kind of thing and come to terms with that. I certainly don’t have a problem with him.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Comment Advertisementlast_img read more

Sif Receives Order for Saint-Nazaire Offshore Wind Project

first_imgSif Holding has received an order from Eiffage Métal to deliver 80 monopiles and the primary steel for 80 transition pieces for the Saint-Nazaire offshore wind project in France.Sif will manufacture the monopiles and store them at its MV2 facility, as well as deliver the primary steel for the transition pieces to Smulders Hoboken.The Dutch company plans to deliver the 77KTon of steel in 2020-2021.“The Saint- Nazaire project has been on our radar screen for quite a while. It was already in our orderbook as a project under exclusive negotiations,” said Fred van Beers, CEO of Sif.“We are happy and proud that the project kick-off is finally there and we can start production for this milestone project, which will contribute to the ambitious French offshore wind plans. We thank Eiffage for their trust in Sif and look forward to a fruitful continuation of the cooperation with them and their subsidiary Smulders Hoboken.”The consortium including DEME and Eiffage Métal won an engineering, procurement, construction, and installation (EPCI) contract for the project’s 80 foundations in August.The Saint-Nazaire project is being developed by Eolien Maritime France (EMF), a consortium of EDF Renouvelables and Enbridge, some 12km off the coast of Loire-Atlantique.The 480MW wind farm will feature 80 GE Haliade 150-6MW turbines scheduled to be operational in 2022.last_img read more

MHI Vestas and CIP Confirm 589MW Order in Taiwan

first_imgChangfang and Xidao will have a joint installed capacity of approximately 589MW on completion, comprising a total of 62 MHI Vestas V174-9.5MW turbines. The projects will be split out over several phases. Changfang Phase 1 will comprise 10 turbines for an installed capacity of 95MW and will be installed in 2022. MHI Vestas and Copenhagen Infrastructure Partners (CIP) have finalized the commercial agreements for the Changfang and Xidao offshore wind projects in Taiwan. The orders represent MHI Vestas’ first projects in the Asia Pacific region to reach financial close, which was completed late last week. “We are enormously grateful for the collaboration with CIP and look forward to bringing our trusted V174-9.5 MW, an IEC T classified turbine, along with local, green energy jobs to the people of Taiwan.”center_img “As our first firm orders in Asia Pacific, Changfang and Xidao are landmark contracts for our business and for our market position in Taiwan,” said MHI Vestas CSO, Henrik Jensen. Changfang Phase 2, comprising 47 turbines with an installed capacity of 446.5MW, and Xidao, comprising 5 turbines with an installed capacity of 47.5MW, will be installed in 2023. Ahead of the project, MHI Vestas and CIP collaborated on a comprehensive local supply chain ramp-up. Once complete, the full localization scope promises to create up to 5,300 jobs and NT$ 9.2 billion (circa EUR 264 million) in economic value for Taiwan in localized components alone, which does not include installation, commissioning, and operation and maintenance for the lifetime of the turbines.last_img read more

UTEC Wraps Up Survey Work for McDermott in Middle East

first_imgUTEC, a global surveying company in the Acteon group, has completed consecutive as-built and post-construction, anchor-debris-clearance surveys using remotely operated vehicles (ROV) for McDermott International.UTEC mobilized a DP2 offshore support vessel in early December 2019 with work- and observation-class ROVs and a nearshore survey work boat for the as-built campaign.The anchor debris clearance campaign used the same vessel with a sub-bottom profiler, a side-scan sonar, a multibeam echosounder and a magnetometer.“We are delighted to have completed these surveys,” said Nadir Rahmatullah, UTEC commercial director, Asia Pacific and Middle East. “They are a testament to the success of our 18-month strategy of investing to enter the site characterization market in the Middle East. We have the technology and the operational experience for the successful delivery of projects like these. The work demonstrates our ROV and conventional geophysical survey capabilities in shallow waters, from the surface to depths of 40 meters.”Nadir added, “We are extremely pleased to have worked with McDermott. This project confirms the Acteon group’s position as a trusted survey and site characterization partner. At UTEC, we look forward to continuing to support our clients in the Middle East and worldwide and to working with Acteon group companies whenever they can add value to delivering customer-specific solutions.”last_img read more

Kenya Rejects Korea Request for Embassy

first_img(Daily Nation) An attempt by North Korea to establish a diplomatic mission in Nairobi has been turned down. The rebuff projects the view that Kenya does not want to be seen to be warming up to the world’s pariah state.Diplomatic sources within the United Nations Office in Nairobi have indicated that the UN mounted pressure on Nairobi to reject the move by North Koreans, despite officials from that country visiting Nairobi twice.On Sunday though, the government denied that North Korea, formally known as the Democratic People’s Republic of Korea (DPRK), has made the application.“That is not true. North Korea did not make such a request,” Foreign Affairs Principal Secretary Karanja Kibicho told the Nation.However, our source at the UN says two delegations came to Nairobi in November last year and in early March, seeking favours and, hopefully, start a process of establishing a diplomatic post in Nairobi.“The delegations had very powerful officials in the government of North Korea.“They sought to speak with Foreign Ministry officials over the possibility of establishing an embassy,” the source said.“The UN suggested against it and there was further pressure from other countries who voiced similar concerns,” the diplomat added, while clarifying that North Korea did not put the request in writing.PARIAH STATENorth Korea has been a pariah state for some time, given its nuclear weapons programme and global concerns over its human rights record.In February 2014, the UN Commission of Inquiry on Human Rights in North Korea released a report in which it gave horrendous details of crimes against humanity.The UN experts documented torture, extrajudicial executions, starvation and mass imprisonments, before recommending that North Korea’s leaders be charged at the International Criminal Court.North Korea called the findings a “fuss” but the UN has recommended an imposition of targeted sanctions on Pyongyang.last_img read more

Tigers Hammer Mariners

first_img Latest posts by admin (see all) House fire in Winter Harbor – October 27, 2014 Bio Latest Posts State budget vs. job creation – January 22, 2015center_img The Tigers jumped out to a 4-0 lead in the first three innings en route to an 8-2 win over the Mariners on Monday at Sullivan.Sarah Leighton went all the way to third on a single and ensuing error in center field, then scored on a groundout by Lona Sargent to give the Tigers a 1-0 lead in the first inning.They added two more in the second as Katelyn Hodgkins walked and scored when Morgan Whitten reached on an error, and Whitten scored on a single by Emily Leighton.The Tigers struck again in the third when Sargent doubled, went to third on a passed ball and scored on a wild pitch.This is placeholder textThis is placeholder textSargent finished with a double and a single and two RBI, Ashley Pennartz tripled and singled with two RBI and Sarah Leighton had two singles with an RBI for the Tigers.Janelle Ciomei singled three times, driving in the Mariners’ two runs in the seventh inning. Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015 adminlast_img read more

Andalucia Golf Masters: Gaganjeet Bhullar Tied At 11th After Round 1

first_imgNew Delhi: On the first day of the Andalucia Golf Masters on Friday, Gaganjeet Bhullar ended round 1 tied for 11th place, with Frenchman Victor Perez on top of the leaderboard with a bogey free round of 65 (-6). Defending champion Sergio Garcia ended the day tied for second with a score of 66 (-5). In the 3,000,000 Pound prize money tournament, Bhullar picked up from his good form at the BMW International Open and came up with a steady (-3) under par round and a score of 68, ending with five birdies on the 4th, 6th, 10th, 12th and 17th holes but two bogeys on the 8th and 18th halted his progress to a better finish.Among other Indians, S.S.P Chawrasia and Shiv Kapur ended the round tied 111th, finishing with scores of 3 over par. Shubhankar Sharma was also not at his best, ending T-153 with a score of 8 over par i.e. 79.The Valderrama course, regarded as one of the toughest courses on the European tour, saw other top golfers performing below par as well. BMW International Open winner Andrea Pavan ended the day at T-91 with a score of 2 over par and five-time European tour winner Matthew Fitzpatrick had an even worse day and ended round 1 at T-111. IANSAlso Read: India’s Gaganjeet Bhullar wins Fiji International golflast_img read more

Sacked Agent: I Will Go to Court to Get …

first_imgQUESTION: How many years have you worked with Victor Osimhen?Officially, I signed my first mandate with him and his father, I think he was 16 years old, it was well before the 2015 World Cup in Chile, where he shone. In fact, I have been working with him since the age of 14 with my partners.How did you get to know him?It is thanks to my associates in Nigeria. It is especially Shira Yussuf (Editor’s note: one of them) who discovered him at the age of 14, he told me about it very quickly.Thereafter, we contacted Emmanuel Amuneke, then coach of the country’s U17s. We told him: “Go see this youngster, he’s a phenomenon”.We insisted, he saw him and gave him a chance in his team.How did Osimhen get to Europe?Before the 2015 World Cup, we offered him all over Europe but to no success … And then after the 2015 World Cup, everyone was calling me, but he could have left Africa at a very affordable price. When he exploded in Chile, interest skyrocketed.Finally, I got him signed when he turned 18 at Wolfsburg, and after Charleroi then in Lille, and finally 99% in Naples …So, what happened that you weren’t by his side at the last moment (for Napoli transfer)?Good question … With my partner (Editor’s note: Didier Fresnay), when everything was going to happen, we were suddenly dismissed to be replaced by a new agent (Editor’s note: William D’Avila) …July 13 in the morning , Victor asked me to accompany him to Naples to finalize everything. I said, “Ok”, but my flight to Naples was finally full and I couldn’t get there.Fortunately, moreover, because Lille had chartered him a private flight to go to Sardinia, to Olbia, where the two club presidents were present. He couldn’t sign without me.What was your reaction?My lawyers sent an email to Victor, Naples and LOSC. And on July 14, I in turn received an email “stopping abruptly and without cause” my mandate of representation with Victor Osimhen which was in effect until January 2021.While the two clubs had agreed on the terms of the transfer weeks before, and all the details of Victor’s contract were known, the player had his medical visit in Rome during the week. Which is no doubt that his contract was signed with Naples …One of the reasons given in the media for your sack was that you preferred to negotiate bonuses for yourself. What do you have to say to that?These are nonsense that they put in the head of the player.We have correspondences from Napoli, there is a guaranteed commission that we received by email from Mr. Giuntoli (Editor’s note: the Sporting Director of Napoli) of 5M Euros for the work done, which constitutes about 8% of the total gross contract negotiated.We were far from negotiating personal bonuses as Victor told the press!Obviously I am aware that this may seem important to ordinary people, but it is a work of many years, of personal sacrifices which have resulted today in making Victor Osimhen the player he has become, and so the value he now has in the market! And when everything is going to be realized, we are removed to put a new agent!Can you tell us behind the scenes of the negotiations with the Serie A club?We have been in contact with them since March. With the Covid-19, we finally managed to see each other at the end of May, early June in Monaco with Giuntoli and then we moved with the player at the beginning of July to Naples.To be clear, if we were in Italy it was because the two clubs have had an agreement for a long time and they told us so.I think that Lille were not happy that Victor came back (from Naples) without signing his contract.They had a knife under the throat with the DNCG (for their professional license).Did you conduct all the discussions with Napoli?Yes, and to be honest, Victor did not want to go to Italy. From the start, he has been stuck on the idea of playing in Serie A. He told me that racism issues scared him and that he didn’t feel like moving.He even told me in March-April: “I don’t want to go and play in Italy even if it’s for Juventus at € 10 million net per year”.How then did you manage to convince him?I told Victor that before having such strong ideas, that he had to travel to see for himself, meet people, talk with players who are confronted with racism, etc. … Something that we finally did on July 1, 2 and 3 where we met the coach, the sports director, as well as the president De Laurentiis, who is a man with values and experience, and who seemed to have convinced the player.Victor also spoke a lot with Kalidou Koulibaly (Senegal international defender) and this was decisive in his choice for Napoli.And then, we imagine that there is also the financial aspect …Yes, it must also be said, when a big club like Napoli offer you a starting place, with a contract of around 30M € net of taxes (over 6 years), it helps to make a decision at 21!While you explain to us that for you everything is recorded, the transfer of the player is not yet being made official. What is your reading of this?What I understand is that they are trying to justify “the work” of the “new agent”, having resumed negotiations from the start.I am in a hurry to discover the final contract signed by Victor, and to compare it with what we had done with Napoli formally.On the morning of July 13, Luis Campos and Gérard Lopez contacted me by phone, strongly recommending that I negotiate with this new agent, otherwise, according to them, “I risked losing everything …” For me, Osimhen signed on the 14th, 15th or 16th (July).You can’t buy a € 60 million player by having him undergo his medical examination without having already signed his contract.You know Victor Osimhen well, do you think he really understands everything that is happening around him?There is a lot of pressure. He certainly lost his footing. There’s this William D’Avila who must have been wooing him for a while.Maybe he told him that we could get him a better deal.I see him on July 9 in Paris to make a point, on the 13th, he tells me to take the plane to join him, while the new agent is there … It is not possible because it is us who did all the work.And you do not go twice to Naples, in particular to Sardinia, without having signed contract.What is your position regarding a possible reconciliation?We have always worked honestly with Victor, which many agents cannot say, we are within our rights. And if we have to go to court to save face, we’ll go … I would add that in my opinion, we do not go before an organization as serious as the DNCG without providing evidence that the operation of “flagship” sale of the summer will be formalised.We are quiet. My lawyers have all the documents on the work done. I will therefore assert my rights in court. Afterwards, it is very likely that I can be offered a compensation, which I will not accept.You have known Victor since the age of 14, from a human angle, do you feel any bitterness after so many years being with him?This isn’t the first time this has happened in football, and it won’t be the last time, though.I am lucky to be a structured person and to have a little resources, so I will go to the end, if only for all these agents who are victims of similar situations, but who cannot defend themselves and who lose the fruit of all their work for years.-Culled from France FootballShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Jean-Gerard Benoit Czajka has been Victor Osimhen’s agent since he was 14 and he moved him to Wolfsburg, Charleroi and then Lille before he was sacked by the player during negotiations for the transfer to Napoli.He has given reasons why he will now drag Osimhen, Napoli and Lille to court should he not be paid five million Euros for the work he did for the striker to sign for the Italian club.In this most revealing interview, he also gave a great insight to this much-talked about transfer.last_img read more

BIG GAME JAMES: Southerland’s rain of 3s buries Pittsburgh comeback attempt as Syracuse advances to Big East semifinals

first_img Facebook Twitter Google+ Related Stories Gallery: Syracuse holds off Pittsburgh 62-59 in Big East tournament quarterfinalsCarter-Williams finds personal redemption with clutch performance in Big East quarterfinals NEW YORK — James Southerland spent the first half delivering daggers from laughably long distances, turning Madison Square Garden into his personal stage with a performance that left the crowd roaring. By the time Pittsburgh’s defense started limiting his looks, and by the time the Panthers closed the deficit to one, Syracuse’s offense, led by Southerland again, had taken command of the game.Southerland drained all six of his 3s, including five in the first half, to carry the Orange to a 62-59 win over Pittsburgh in the Big East tournament quarterfinals. Southerland broke a Big East tournament record for most made 3s without a miss. Pittsburgh tried to mount a second-half comeback, but couldn’t overcome the lead Southerland helped Syracuse build.Through its first two games of the tournament, Syracuse’s offense is rolling, and Southerland, who is 12-of-15 from the arc in the last two days, is much of the reason why.“We just had great ball movement,” head coach Jim Boeheim said of his team’s offense in the first half. “Got the open guys, and James just got, he got good looks, and he made them.”Those were all the shots he would need. And Southerland’s hot shooting is permeating throughout Syracuse’s lineup.AdvertisementThis is placeholder textSoutherland hit his first 3-pointer from the left wing about three minutes into the game. C.J. Fair hit one shortly after from the left corner. Then Triche, who missed his first three jumpers, knocked down a 3 from the same spot on a feed from Fair.Whenever Pittsburgh tried to close the deficit or find some sort of offensive rhythm, Southerland ended it. Talib Zanna hit a free throw to make it 17-15 with just under eight minutes left in the first half. Southerland responded with a long 3 from the top of the key.His third triple of the game came from about the same spot. It gave Syracuse a 25-15 lead. Pittsburgh’s defense looked nothing like it did when the Panthers beat the Orange by 10 points at the Petersen Events Center back on Feb. 2.But on that day, they didn’t have to deal with Southerland.“When I’m shooting the ball, it’s just making sure every shot goes in and I’m really focused, making sure I help my team out as much as possible,” Southerland said. “Even if I happen to miss, just moving around without the ball makes us tougher to guard.”Southerland would hit two more 3-pointers in the half to continue to build the Orange’s lead. Everything was going right for Syracuse. Even time seemed to slow for the Orange.As the final second of the first half ticked off the clock, Fair shot a 3 from up top. It bounced on the rim, then fell through the net. The officials reviewed the play to make sure Fair got the shot off before the buzzer. The call stood and Syracuse carried a 40-27 lead into halftime.“I think it was real big,” Syracuse guard Michael Carter-Williams said. “It was big for us to get that lead and help us out down the stretch.”It was help Syracuse would need.Southerland’s final 3 came on a play he’s perfected. Pittsburgh had almost every Syracuse shooter guarded on the arc. Carter-Williams had no one to dish to. But then Southerland cut to the baseline from the left and came around to the right wing.As soon as he got there, he took a pass from Carter-Williams and shot a 3 over the outstretched arm of Pittsburgh forward Lamar Patterson to make the score 55-47 Syracuse.Like the rest of his 3s, it hardly scraped the rim, if it did at all. It was a critical 3 as Pittsburgh had started to close the deficit.“I thought – you know they’re going to come back,” Boeheim said of the Panthers.And they did.The Panthers closed to within four with 3:28 left. Their fans began screaming as Pittsburgh mounted a comeback. A free throw by Tray Woodall and a layup from Talib Zanna made it a one-point game with 31 seconds left. But Carter-Williams hit four free throws in the remaining seconds to preserve SU’s lead.Syracuse breathed a sigh of relief. A game it once dominated nearly slipped away. Except Southerland had already lit up Pittsburgh’s defense. The Orange had already hit the shots it needed.Pittsburgh couldn’t overcome them, and it certainly couldn’t shut down Southerland long enough.Said Southerland: “I just go out and play and make sure I make every shot.” Commentscenter_img Published on March 14, 2013 at 5:06 pm Contact Chris: | @chris_isemanlast_img read more