Livingstone: London needs 15 new towers by 2011

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How did it come to this?

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PREMIUMRevocation of Indonesia’s developing country status will not affect GSP: Government

first_imgLog in with your social account Forgot Password ? Linkedin The government has confirmed that the United States’ decision to scrap Indonesia from its list of developing countries will not affect Indonesia’s Generalized System of Preference (GSP) facilities from the economic giant.A document from Coordinating Economic Ministry notes that various industries had already suspected the new United States Trade Representative (USTR) policy would affect the GSP facility for Indonesian exports to the US.On Feb. 10, the US agency excluded Indonesia from its developing and least-developed countries list, which means Indonesia is no longer eligible for Special Differential Treatment (SDT) from the WTO’s Agreement on Subsidies and Countervailing Measures.Read also: Growing pains: US tariff policy overshadows planned Jokowi visit“Nevertheless, the United States Embassy in Jakarta has confirmed that the new USTR notice has … Topics : Facebook Google LOG INDon’t have an account? Register here united-states US Trade GSP USTR Indonesia-US-relations tariffs developing-countrieslast_img read more

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Businesses must have adequate support to prevent layoffs: Experts

first_img“During the pandemic, what the government can do – and what furloughed or recently unemployed people need – is cash assistance. If this could be done by the government, that would be of great help,” he said.As the pandemic has hit employers and laborers alike, the government should issue a regulation that ensures the two sides meet if the companies reduce their workforce, University of Indonesia (UI) labor law professor Aloysius Uwiyono suggested.“There should be a legal basis as a reference for the employers and workers so they are on the same page. Without it, I think it will be difficult for them to discuss severance payment,” he said.About 375,165 formal workers have been laid off nationwide and 1.03 million formal workers have been furloughed during the COVID-19 crisis, while 314,833 informal workers have lost their livelihoods, according to data from the Manpower Ministry. As COVID-19 arrests most industry activity and disrupts global supply chains, millions of Indonesian laborers face a greater risk of being furloughed or losing their jobs entirely.The government must now ensure that businesses have adequate support to prevent layoffs, and – where job reductions are inevitable – the government must ensure that workers’ rights are protected, labor experts have said.“The options [for laborers] are quite limited. If they are dismissed, it is important that they secure full compensation as stipulated by the Labor Law. If they are furloughed, they should get full wages and THR [holiday bonus],” said Hadi Subhan, a labor expert from Airlangga University. The government predicts that 2.9 million to 5.2 million workers could lose their jobs during the outbreak.If that becomes the case, the additional unemployment would erase last year’s gains of 2.5 million new jobs.Statistics Indonesia (BPS) data shows that 7.05 million people – 5.28 percent of the workforce of 133.56 million – were unemployed as of August 2019.Data from the Office of the Coordinating Economic Minister shows that 15,747 factories remain in operation in regions where large-scale social restrictions (PSBB) have been applied – about a third of the approximately 40,000 manufacturers that operate under normal circumstances. The companies are currently employing about 4.7 million workers out of the 17 million people who usually work in the sector.Workers in manufacturing and other labor-intensive sectors have been among those hit hardest by the COVID-19 outbreak. The government’s stay-at-home order has effectively halted production in nonessential industries. “The work-from-home approach is applicable only to workers in certain workplaces, but those in manufacturing cannot do it because they do everything in the factories,” said Aloysius.Read also: On May Day, workers marches go online to avoid coronavirus riskThe Indonesian Labor Workers Assembly (MPBI), a coalition of three major labor groups, has demanded employment protections amid the pandemic, noting that airlines, hotels, travel agents, restaurants, logistics firms, online transportation services, digital economic firms, as well as micro, small and medium enterprises have seen the most layoffs. They estimated that layoffs in these sectors could account for 90 percent of the total number of people who lose their jobs during the outbreak.Said Iqbal, president of the Confederation of Indonesian Trade Unions (KSPI), which is a member of the MPBI, demanded the government require public audits on companies that claimed financial losses, as he believed not all sectors had been hit equally by the pandemic.“We want public audits for companies that claim losses. For those that survive, we demand they pay full THR and wages so that these workers can maintain their purchasing power and the economy can eventually grow positively,” he said on Friday.Manpower Minister Ida Fauziyah said that the government had implemented tax incentives and planned to relax premium payments to the Workers Social Security Agency (BPJS Ketenagakerjaan) to support companies so that they could continue employing workers during the outbreak.The ministry, Ida said, was pushing for dialogue between stakeholders “to discuss issues related to tackling COVID-19 and its impacts on business and employment sustainability”. The ministry was also communicating with the regional administrations to prevent and resolve industrial relations disputes.Read also: Indonesia delays deliberations over labor issues in omnibus bill amid backlashA recent deal between the government and lawmakers to delay deliberation on the contentious labor provisions in the omnibus bill on job creation – coupled with COVID-19 restrictions and fears – led workers to scale back May Day rallies across the country on Friday. Many of them used social media instead to reiterate their disapproval of the job creation bill and demand protection during the economic crisis caused by the pandemic.According to Said Iqbal, the MPBI coalition will ask the government to withdraw the bill entirely and resume deliberation only if policymakers allow labor unions to join the drafting process.Topics :last_img read more

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Nervous week ahead for Tour after team staff, race director test positive

first_img“If I’m honest I didn’t really think about testing positive for coronavirus,” said race leader Primoz Roglic of Slovenia.”I’m definitely happy that this beautiful race goes on and I can just wish the Tour director a speedy recovery.”The organizers said race director Prudhomme, who showed no symptoms of COVID-19, would leave the race for a week. Another concern was that French Prime Minister Jean Castex rode in the Tour director’s car for part of Saturday’s stage.Castex’s office said he would be tested for the virus.All team members, riders and staff had until 1100 GMT on Monday, the Tour’s first rest day, to take a test in a mobile laboratory provided by organizers.Four staff members of the Lotto Soudal team left the Tour two days before the start after two of them returned positive tests for COVID-19.Riders have expressed concerns that spectators were not being cautious enough, with some of them running alongside the peloton without wearing masks.This prompted the professional riders’ association (CPA) to issue a statement asking all fans to wear masks.Roglic is the overall leader of the race ahead of defending champion Egan Bernal of Colombia.France has recorded nearly 31,000 deaths from the virus since the pandemic began, according to a Reuters tally.Topics : Four teams at the Tour de France face a nervous week after each learning on Tuesday that a staff member had tested positive for the novel coronavirus, as one more positive within a week would see the whole team excluded from the race.All 22 teams set off on the 10th stage after the riders themselves tested negative, with deputy race director Francois Lemarchand waving the flag for racing to commence in place of his boss Christian Prudhomme – who it emerged had also tested positive.French health authorities and organizers Amaury Sport Organization (ASO) have said that should two members of a team, riders or staff, test positive for the coronavirus the whole outfit will be kicked out of the race. The International Cycling Union (UCI) and the organizers said in a joint statement https://twitter.com/LeTour/status/1303284798786543618 that one staff member each from French outfits Cofidis and AG2R-La Mondiale, Britain’s Team Ineos and Australia’s Mitchelton-Scott contracted the virus.”One of our staffers tested positive, they were tested the day before yesterday (Sunday), and we took all the necessary measures immediately,” said AG2R-La Mondiale team manager Vincent Lavenu.”The person went home. They’re a very cautious person and they were hit by bad luck.”A fourth round of testing for all teams is scheduled to take place in the next rest day in Isere on Sept. 14.last_img read more

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Pierre-Emerick Aubameyang delighted for Bukayo Saka and Gabriel Martinelli after Arsenal tie down young duo

first_img Comment Pierre-Emerick Aubameyang delighted for Bukayo Saka and Gabriel Martinelli after Arsenal tie down young duo Tom OlverTuesday 7 Jul 2020 4:17 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.6kShares Saka signed a bumper new deal with Arsenal last week (Picture: Getty)The teenage duo are regarded as two of the finest young players in Premier League football and Mikel Arteta will no doubt be relieved to have tied them both down this summer.AdvertisementAdvertisementADVERTISEMENTBut Arteta will still be sweating over Aubameyang’s contract situation, with the striker’s current deal due to expire in 12 months’ time. Speaking to Arsenal’s official matchday programme ahead of tonight’s clash with Leicester, Aubameyang said: ‘It was great for the club that Bukayo and Gabi signed new contracts last week.‘They have made a big, big impact at the club even though they are only teenagers.‘Particularly for Bukayo, it must be amazing to sign that contract and think back to when he first put on an Arsenal shirt in the academy when I think he was only six or seven.‘Both of them are such impressive players already, they have so much to their games – as Bukayo showed with that brilliant goal on Saturday when he just guided it in so nicely.’ Aubameyang is yet to commit his future to the Gunners (Picture: Getty)Aubameyang, who took a little longer to prove himself at the top level, is convinced Arsenal’s current crop of youngsters have the ‘mature attributes’ to succeed in first-team football.‘It’s funny for me looking back because at 18 I was really raw, there was a lot more for me to learn and it took me a few years to really see all of my potential.‘But these boys – and you can say the same about Joe and Eddie too – they already seem to have lots of mature attributes.‘And the great thing is that they are making an impression at the highest level now, but the key is that they are hungry to work hard and really want to learn more and get better and better.’Will Aubameyang sign a new deal at Arsenal?Yes0%No0%Share your resultsShare your resultsTweet your resultsFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page.MORE: Ray Parlour makes prediction for Arsenal’s Premier League clash with LeicesterMORE: Emiliano Martinez praises Arsenal boss Mikel Arteta’s ruthlessness amid Matteo Guendouzi sagacenter_img Advertisement Bukayo Saka and Gabriel Martinelli have both really impressed Pierre-Emerick Aubameyang (Picture: Getty)Pierre-Emerick Aubameyang is delighted that Arsenal have managed to secure new long-term contracts for Bukayo Saka and Gabriel Martinelli and says both youngsters have proven themselves to be ‘such impressive players’ since breaking into the first-team.Saka, 18, put an end to the uncertainty surrounding his future as he signed a lucrative four-year deal with the Gunners before scoring in the side’s 2-0 victory at Wolves.Martinelli, 19, was next to commit his future to the north London club as he followed Saka in putting pen to paper on a four-year extension at the Emirates. Advertisementlast_img read more

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Lowset home 500m from Bunya State Forest hits the market

first_img30 Cressbrook Drive, Albany Creek.The property, on an elevated 891sq m block, is made of solid brick.The five-bedroom, two-bathroom home is close to parklands and schools. The Bunya State Forest is only 500m away.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019“I really love this area,” said Mr Littlewood, a father-of-three.“Everyone seems to love keeping fit and healthy around here.”Mr Littlewood said the swimming pool was a big hit during the summer months and plenty of time was spent outdoors.He said there was a playground for kids at the back too. 30 Cressbrook Drive, Albany Creek.It may be a reluctant sale for Lee Littlewood, but he’s determined to see his Albany Creek home go to a family who can enjoy the large allotment.The lowset property at 30 Cressbrook Drive features an in-ground saltwater pool with a spa seat, low-maintenance garden, and an insulated alfresco entertaining area, with a gas fireplace.Mr Littlewood, a ceramic tiler, has recently adding his own touches to the home, retiling the main floors.He has also upped the security of the home and repainted the eaves. 30 Cressbrook Drive, Albany Creek.Harcourts Solutions selling agent James Gwynne said the home was exactly what a growing or grown up family needed.“With a formal lounge and dining area, a relaxed family room and a large modern kitchen at the core, there is plenty of space for everyone,” Mr Gwynne said.“Look forward to a glass of wine on the patio, cozying by the fire or watching the kids play in the pool.”center_img 30 Cressbrook Drive, Albany Creek.Other features of the property include a large separate laundry, split-cycle airconditioning, a double lock-up garage with automatic doors, and solar hot water. The main bathroom has a bathtub with separate shower.last_img read more

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PRI in Person: Long-term versus short-term debate ‘divisive’

first_imgOther speakers on the panel acknowledged that the debate was a question of difference – that long-term investors rightfully co-exist with investors whose model is short term.However, Sandy Frucher, vice-chairman of Nasdaq, said a long-term view was a better way to gain asset appreciation than a short-term perspective.Thabo Khojane, managing director Africa Client Group at Investec Asset Management in South Africa, said that, for an investment manager, time horizon was primarily a function of the client’s mandate.It comes down to what an investor thinks about risk.He said: “If it is important for clients to have a benchmark against an index or against a peer group, and the way they think about risk is in terms of volatility or tracking error, then the horizon will be slightly shorter, typically a rolling 12-month or three-year horizon.“However, if the client is for an absolute outcome, a benchmark against cash and against inflation, and the way they think about risk is not in terms of volatility or tracking error but in terms of capital cost, then typically the mandate will give you a much longer horizon.”He added: “The reality is that, the longer the horizon, the more time an investment manager has, the easier it is and the more likely it is that he will be able to deploy his skills and meet the requirements of the client.“Clearly, a longer-term horizon makes it easier to make money.” The long-term versus short-term debate, which has occupied financial markets across the world post-crisis, is divisive, responsible investors have been told.Speaking at the recent ‘PRI in Person’ event in Cape Town, South Africa, Erika Karp, founder and chief executive at US-based Cornerstone Capital, said: “The problem is the use of language in a kind of judgemental and in a potentially divisive way. There is nothing inherently wrong with short-term [investing] if the systemic risk is managed reasonably well and there is transparency.“The language of sustainability – whether it is SRI, sustainable investment, the double or triple bottom line, impact investing, values-based investing – they all are good, […] and the opposite is implied to be bad. This is where it gets divisive.“So this needs not to be about an ideology, it needs to be about pragmatism. It doesn’t need to be about values, it needs to be about creating value. So any debate like long-termism or short-termism, […] to some degree, could be a waste of time.”last_img read more

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Brisbane on track for a strong auction weekend

first_imgOriginal period detail throughout the 21 Rossmore Ave, house includes leadlight windows.“But I think it is perfectly liveable and anything you do with the home will add to the value because of its location.” Welcome home! This 29 Lilley St, Hendra property could be yours on Saturday.He has a home at 29 Lilley St, Hendra set to go under the hammer, and it’s already received a pre-auction offer. The four bedroom house has a pre-registered bidder with two to three interested parties for the auction that starts at 10am on Saturday. Everything a modern entertainer should be: spacious, relaxing, with room for a creative cook.The home which sits on a 407sq m was attracting interest from families, though Mr Ferguson said it would suit a double income no kids couple as well.“The bedroom configuration is good for families with large living areas,’’ he said. When you have to sleep, why not do it here in style! A large recreation area downstairs leads out to an outdoor area with inground pool.“It offers everything that they need, they built it. There is so much emotional attachment to it.“But they’ve raised their children and they don’t need all this space so they are downsizing.” An entertainer and family home is waiting at 29 Lilley St, HendraQUEENSLAND’S rail history is a strong theme running through some of the best homes going under the hammer this weekend. According to a list by realestate.com.au, there are 72 homes going under the hammer in Greater Brisbane this Saturday and one on Sunday. One of those that’s already drumming up excitement is in Hendra — a suburb named after a railway station in the late 1800s.“That Hendra location has been a real mover in the market over the last few years, especially since the Ascot Shopping Centre has been built there,’’ according to Ray White Ascot principal Dwight Ferguson. This 800sq m block at 16 Hartz Court, Parkinson, is also low maintenance for the busy family.Place Sunnybank agent Jason Song who has had a long relationship with the sellers of Hartz Court said it was being sold for the first time.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“The owners took three years to make the decision to put it on the market,’’ Mr Song said. “It also has that real cool contemporary design internally.“The pool is built into the view from the entire living room.” SEE BRISBANE’S SUNDAY AUCTION LIST It will be hard to run out of bench space in this kitchen.There are four expressions of interest on the four-bedroom house with one party visiting the house four times for inspection.It has separate living areas, a study and two and a half bathrooms to suit large families. Eat, play and work at home with separate areas for each activity.“It’s been well maintained over the years,’’ he said. “You walk in and love it straight away.“There’s a huge master bedroom and an outdoor area that is 90sq m of covered patio area with a designer swimming pool.”center_img SEE THE FULL LIST OF BRISBANE AUCTIONS Built in 1928, this 21 Rossmore Ave, Coorparoo house is on the market for the first time.Less than 40 years later, this original Queenslander at 21 Rossmore Ave was built and it has been in the same family for the 90 years since. Untouched for 90 years, the home is a piece of history with wide hardwood timber flooring.The house even comes with the original blueprints, which are literally blue.Belle Property Coorparoo agent Amanda Becke said 50 groups had seen the house with families and young couples most interested. The historic house is on a 607sq m block.“Because of the shape of the block developers aren’t looking at it. I think it will definitely be in the price bracket for a first homebuyer,’’ Ms Becke said.“Interest has been good but we haven’t been inundated. It is in original condition so it definitely is in need of some polished floors and painting throughout. Relax in 90sq m of covered patio area out the back.At 12.30pm the gavel moves to Coorparoo, 4km southeast of the Brisbane CBD, a suburb connected to Hendra by the Cleveland rail line which was extended past Coorparoo in the late 1800s to help defend the city at Fort Lytton. SEE BRISBANE’S SATURDAY AUCTION LIST A mini walk-in pantry is an original inclusion in the kitchen.“This house has seen a lot happen in the area. The lady who owned it was an avid gardener.“It has an old laundry chute from the third bedroom to the laundry, an antique built-in ironing board and a walk-in pantry.” >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<< We love this aquatic touch, bringing the pool into the house via lowset windows that stretch along the side of the house.Another generating interest was a property in a suburb named after railway engineer Henry Parkinson who worked on the Brisbane-Sydney rail line that runs through the area.Auctioneer Mark Frater will invite bidding to start at 11.30am at 16 Hartz Court, Parkinson.last_img read more

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CR7 handed 700-goal Juve shirt

first_imgRelatedPosts Gambian pair gives Bologna unlikely win at Inter Milan Lukaku scores two late goals as Inter win at angry Bologna Paqueta banned for slapping referee Juventus presented Cristiano Ronaldo with a special Juventus shirt to commemorate the 700th goal of his career – shortly before he notched his 701st.The Portugal winger was awarded a Juve top before his side’s match against Bologna, which had the number ‘700’ printed on the back with his name above it.The shirt marked the feat, which Ronaldo achieved by scoring a penalty in his country’s 2-1 defeat to Ukraine on Tuesday.Being presented the shirt was a moment Ronaldo clearly cherished as he posted images of himself with the top on Instagram.Then, just 19 minutes into the Serie A clash, he picked up the ball and drove at the Bologna defence before firing a shot in at the near post to give Juventus the lead.Danilo Larangeira levelled for the visitors before Miralem Pjanic netted a winner in the second half to ensure Ronaldo could celebrate a victory alongside moving level with former Germany striker Gerd Muller’s career total.With that strike, only Josef Bican, Ferenc Puskas, Pele and Romario have managed more career goals than the former Manchester United and Real Madrid winger.And it was with those two clubs that Ronaldo has made the most impact at club level, netting 118 goals for United before a mammoth 450 strikes during his nine-year spell in the Spanish capital.Ronaldo’s penalty against Ukraine was his 95th strike for his country and therefore it appears that it is just a matter of time before the 34-year-old brings up a century of goals for Portugal.Tags: 700 goalsBolognaJuvuntuslast_img read more

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