He added that under the Sobat KerjaKU program the company had managed to register 8,800 retail partners to help process applicants’ resumes, which are digitized into a barcode system.Telefast first started its business as a distributor of telecommunication products, such as phone credit, before expanding its business to job matchmaking using its distribution network.The ongoing pandemic has depressed job markets as businesses face a liquidity crunch amid a slowdown in the economy, which has resulted in many employees being furloughed and laid off while companies put hiring new talent on hold.Start-ups, in this case, have conducted similar cost-cutting schemes with big names like Gojek and Grab already downsizing their employees, while other start-ups like Airy have had to close permanently after carrying out mass layoffs. Human resources management solution firm PT Telefast Indonesia plans to expand its services amid rising unemployment caused by the COVID-19 pandemic, a company executive has said.The publicly listed company said it was expanding its client base through its Telefast Agent Program while concurrently expanding its talent base through a Sobat KerjaKU program where jobseekers can drop off their resume with the company’s outlet partners and be connected to job opportunities.“We are hoping to continue to expand because it will help people in finding jobs,” the company’s president director, Jody Hedrian, said during a livestreamed event on Tuesday. “What differentiates us from other start-ups is that we are not doing a cash burn [strategy],” Jody said, referring to a strategy common to start-ups where they spend capital and book negative cash flow to rapidly expand before reaching a point of profitability.According to the company’s quarterly financial report, its total assets stood at Rp 230.34 billion (US$15.77 million) as of March 31, a slight decrease from Rp 230.67 billion recorded as of Dec. 31, indicating that the company had not spent much on capital expenditure.In a written statement published on the Indonesia Stock Exchange (IDX) site on July 9, the company estimated that its revenue could decrease between 25 and 50 percent, while its net profits could be down by less than 25 percent as of June 30 in comparison with the same period last year because of the pandemic.“The company’s clients engaged in the hotel and restaurant industry have been impacted, which has reduced operational activities, and hence, has had an impact on the workers we channel,” the company wrote.As of March 31, the company’s revenue was up by 8.84 percent year-on-year to Rp 146.86 billion from Rp 134.92 billion. Its net profits, however, were down by 58 percent to Rp 2.4 billion from Rp 5.68 billion during the same period.The company’s shares, trading on the IDX under the code TFAS, plunged 3.59 percent to Rp 161 apiece on Wednesday from the previous session. Throughout the year, its share price has fallen by more than 17 percent while the benchmark Jakarta Composite Index (JCI) has lost 18.88 percent of its value.Topics :
OYO Indonesia reported a 70 percent increase in occupancy from May, signaling a recovery for the budget hotel operator after months of slumping demand and canceled bookings due to the COVID-19 pandemic.According to OYO Indonesia country stock head Carlo Ongko, the company needed 25 to 30 percent more growth to reach the same occupancy level before the global health crisis.“Our lowest point in terms of occupancy and revenue was in May, but we are recovering to almost the same level before the pandemic,” he said in an online press conference on Tuesday. He went on to say that OYO’s programs, such as Sanitized Stay, which helps hotels adhere to health and safety protocols during the pandemic, has helped increase demand.OYO also opened coffee shop chain Kopi Cinta in some of its hotels to help increase partners’ revenue, Carlo said, adding that the company had processed around 85 percent of the 5,000 refund requests received in the last three months.“We do realize that the pandemic has pushed people to cancel their stay with us. That is why we are improving our refund mechanism; […] by allowing customers to choose between getting their refund via two major e-wallets in Indonesia.”This will shorten the verification process and minimize human error in data input, accelerating the refund process to 15 to 30 days, compared to 45 to 60 days via bank transfer. However, the e-wallet option will only be available for new refund requests made after the mechanism is available next month.OYO Indonesia came under public scrutiny after the Instagram account @oyobikinrugi_ (Oyo makes you lose money) went viral for reposting complaints made by alleged OYO customers about the company’s refund and payment issues.Carlo said OYO acknowledged the complaints brought up by the Instagram account but emphasized that it had protocols in place to deal with such matters.“For example, if the hotel you are staying at is closed or overbooked, we are going to relocate you to the nearest hotel with a similar rating,” he said.Meanwhile, OYO Indonesia external relations and business integrity head Renaldy Martin urged the Instagram account to “stop influencing viewers to [have] negative and biased opinions” of the company.“Our request is quite simple, and we have expressed the matter through legal notices that we sent to [the account].”When asked whether OYO will press charges or consider mediation with the account’s administrator, Renaldy said the company was “still considering all possible, lawful options”.Topics :
While you were watching Rekindling, right, win the Melbourne Cup the RBA governor decided against raising interest rates. Picture: AP Photo/Andy Brownbill.FEAR not, while you were out watching the best horse race in the world, there was no rekindling of whispers over the Reserve Bank putting dynamite under interest rates – which remain on hold at 1.5 per cent. Faced with a barrier of growth in housing debt outpacing growth in household income “for some time”, RBA governor Philip Lowe went the safe route, preferring to sit on his hands than risk upsetting the market.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoRBA governor Philip Lowe still has some concern over household debt levels. Picture: Colin Murty The AustralianHe’s still backing APRA to chase down “medium-term risks associated with high and rising household indebtedness”, with the credit field tightening substantially already.“Housing market conditions have eased further in Sydney. In most cities, housing prices have shown little change over recent months, although they are still increasing in Melbourne,” he said.“In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years (he’s looking directly at you Brisbane)!”It seems the best thing right now is to ride out the supply storm, with low rates “continuing to support the Australian economy”, according to Mr Lowe.
The home was sold to a Sydney-based family.Mr Arthur said the buyers inspected the property twice.He said Mandalay house was one of Australia’s trophy homes.“The property won Mansion Global’s, Property of the Year in 2016.’’The buyers visited the property twice before buying it.“In the end I think both the sellers and the buyers were extremely happy with the final outcome.“They (the buyers) are a Sydney-based family so it is going to be a wonderful summer home for them and their extended family.’’ The property was expected to be used as a holiday home.Mr Arthur said there were not many people who could write a cheque that big and not have it as their primary residence.Property records reveal it was previously owned by property developer Neil Murray and his wife Denise. FOLLOW MICHELLE HELE ON TWITTER No expense was spared building Mandalay House.The property has a marina big enough for two 21m yachts, a helipad, climate-controlled wine cellar with dining for 12, six kingsize bedrooms, nine bathrooms and an infinity pool overlooking the Whitsundays.Marketing agents Mark Beale of Ray White Whitsunday and Carol Carter of Sotheby’s International Realty declined to comment on the deal.Queensland Sothebys International Realty CEO Paul Arthur confirmed the buyers were from Sydney and would not live in it full time.“It settled last Friday,’’ he said.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours ago“They (the buyers) are interstate, they were from Sotheby’s Private Clients and they are a Sydney-based family.’’ The owners had originally wanted a $25m for the 4114sq m property.STUNNING Whitsundays’ property Mandalay House has finally sold at a massive discount from its original asking price.The sale price is shrouded in secrecy but it’s understood the property changed hands for around $14 million.Its owners had originally wanted a $25 million for the 4114sq m Airlie Beach property when it was first advertised in 2013.
E.On does not have a Pensionsfonds, which is a vehicle allowing sponsor companies to move pension liabilities off the balance sheet, for one or more payments. There are both company-specific and multi-employer Pensionsfonds, like Willis Towers Watson’s.The vehicle is particularly attractive for companies involved in mergers or spin-offs.In a statement Willis Towers Watson said it was absolutely necessary for Innogy to switch from a company-specific solution to a third party provider solution in the context of the acquisition by E.On.“In doing so, Innogy wanted to intervene as little as possible in the existing, proven workplace pension structures and to allow operating processes to continue largely unchanged,” it said. “The company also attaches great importance to the short-term and long-term cost-effectiveness and flexibility of the solution, which offers scope for joint solutions in the future.”Heinke Conrads, head of retirement for Germany and Austria at Willis Towers Watson, said the deal with Innogy involved a complex M&A situation and that the consultancy was pleased to have been able to support the companies involved in dealing with the sensitive matter of occupational pensions.Innogy finances pensions for around 10,000 pensioners via the Willis Towers Watson Pensionsfonds. Germany’s Willis Towers Watson’s Pensionsfonds has gained €2.6bn in assets as a result of energy provider Innogy switching to the pension financing vehicle following the company’s takeover by E.On from RWE.The European Commission gave the green light for the acquisition in September. The Willis Towers Watson Pensionsfonds now counts as one of the largest multi-employer Pensionsfonds in Germany, with €3.8bn in assets under management.According to Willis Towers Watson, multiple steps were achieved in a tight timeframe in time for the closing of the RWE/E.On transaction: preparing contractual documentation, obtaining authorisation from all the subsidiaries involved and getting the approval of BaFin, the regulator.The transaction involved the transfer of all Innogy pension assets from RWE Pensionsfonds and a corresponding change in the trust structure.
It supports the whole-of-nation approachembodied in Executive Order 70, which formed the National Task Force to EndLocal Communist Armed Conflict, and led to the adoption of a National PeaceFramework.(With a report from PNA/PN) Mayor Renato Gustilo led the holding ofthe immersion activity in Barangay Codcod on Feb. 22, which came after thelaunching of the RSCP through a service caravan in the village on Feb. 3. According to Local Government OperationsOfficer Steve Yap, the DILG will also lobby for the funding of the identifiedprojects. “This is the right time to air yoursentiments to the government so it can act especially on the projects for thedevelopment of your community,” the mayor said to some 200 participants fromvarious sub-villages during the gathering. It was also attended byrepresentatives of the Department of the Interior and Local Government (DILG). He also assured the residents that the citygovernment will support these projects and allocate funds with assistance fromthe provincial and the national governments. The people just need to be patientand trust them. The RCSP was formulated to strengthenits forerunner, the Community Support Program (CSP), which was an initiative ofthe military, and also to initiate efforts driven mainly by the localgovernment. San Carlos City Mayor Renato Gustilo leads the immersion activity in Barangay Codcod on Feb. 22. He said to some 200 participants from various sitios/puroks that it was the right time to air their sentiments to the government so that it can act, especially for the project development of the community. SAN CARLOS CITY LGU Among the concerns and needs raised bythe community were farm-to-market roads, electrification, water supply, healthcenter facility and the benefits for senior citizens. For his part, Codcod village head DaniloLastimoso expressed his appreciation to both the city government and the DILGfor conducting the immersion activity. The city government also brought theservice caravan to Barangay Guadalupe on Feb.12, in Barangay Buluangan on Feb.10, and it was also held in Barangay Nataban on Feb. 7. BACOLOD City – The city of San Carlos,located in the northern part of Negros Occidental, recently conducted a seriesof service caravans in remote villages for the implementation of the RetooledCommunity Support Program (RSCP). “Only the government has the capacity tohelp solve the problems in (your) community, not the armed group of rebels,” headded. It gave assurance to the people that thegovernment is serious in its commitment to bring change and to include them inthe development process, he said. On Jan. 21, the Negros Occidentalprovincial government launched the “Serbisyo Negrosanon” to implement the RCSPwith a caravan of services hosted by the municipality of Isabela.
In their last home game of the season, Greensburg played host to the Lawrenceburg Tigers (ranked 20th in class 2A) and fell 3-1. The Pirates played Lawrenceburg tough throughout the game, despite allowing 3 first half goals, 1 off of a penalty kick. Senior Mason Ponsler had 18 saves on the game and made several athletic plays in order to keep the Tigers from extending the lead. The second half saw the Pirate defense shut out Lawrenceburg, largely in part due to Ponsler’s effort. With less than 10 minutes left to play, the Pirates found the back of the net when Lawrenceburg saved a shot from Nicholas Zapfe and freshman Grayson Newhart followed and finished off the deflection (Newhart’s fourth of the season). The shut out half was the 3rd of the season from the Pirate defense, and the goal scored was the first goal scored against Lawrenceburg in DeVolld’s 4 years as head coach.
MANDAN, N.D. (July 9) – Jason Grimes became the fifth different Xtreme Motor Sports IMCA Modified winner on another record-shattering night Thursday for the Kupper Chevrolet Dakota Classic Tour.An all-time tour best 98 Modifieds saw action at Dacotah Speedway, five more than the previous mark set on opening night Sunday at Minot. One hundred and twenty-two of the best drivers in the division have converged on the tour thus far, two more than the previous record set in 2010 and equaled last year.Grimes drew the pole at Mandan but Jett Big Eagle rocketed into the lead from his outside row one start.Seven circuits into the 30-lapper, Grimes was in front and found himself in a back-and-forth, slice-and-dice tussle with Mike Hansen.“I’m not sure who was first every lap but I led the one that counted most,” said Grimes, $2,100 richer and new to the Fast Shafts All-Star Invitational ballot. “Lapped traffic hurt me originally but I was able to use it to my advantage at the end.”Lucas Schott worked his way up to second. Hansen, Big Eagle and defending tour champion Jeff Taylor completed the top five.Taylor had qualified by winning his “B” feature and started 14th. Point leader Ricky Thornton Jr. took a provisional start and finished 14th. He leads 2013 champ Aaron Turnbull by eight points and Taylor by nine heading into the Friday finale at Jamestown Speedway.Grimes is following the tour for the first time and had qualified for three of the first four main events.“I’ve won a few big races before,” he said. “The fact that this one came in my own (GRS) chassis makes this one of my biggest wins.”Elijah Zevenbergen became the first repeat IMCA Sunoco Stock Car feature winner adding to his points lead by taking the checkers ahead of Joe Flory and Andrew Altenburg.Thursday was also a record-setting night for the Stocks with 37 entries at Mandan. Sixty-two drivers in that division have now competed over the course of the tour.Feature ResultsModifieds – 1. Jason Grimes, Jamestown; 2. Lucas Schott, Chatfield, Minn.; 3. Mike Hansen, Dickinson; 4. Jett Big Eagle, Manor, Sask.; 5. Jeff Taylor, Cave City, Ark.; 6. Aaron Turnbull, Estevan, Sask.; 7. Shawn Anderson, Minot; 8. Kyle Brown, State Center, Iowa; 9. Hunter Marriott, Brookfield, Mo.; 10. Jordan Grabouski, Beatrice, Neb.; 11. Donald Robinson, Underwood; 12. Ed Turnbull, Estevan, Sask.; 13. Spencer Wilson, Minot; 14. Ricky Thornton Jr., Chandler, Ariz.; 15. Curt Lund, Redwood Falls, Minn.; 16. Shawn Strand, Mandan; 17. Kelly Shryock, Fertile, Iowa; 18. Joey Galloway, Manor, Sask.; 19. Justin O’Brien, West Union, Iowa; 20. Travis Hagen, Williston; 21. Jason Czarapata, Pulaski, Wis.; 22. Jason Wolla, Ray; 23. Adam Larson, Ankeny; 24. Rusty Kollman, Carrington; 25. Mike Jergens, Plover, Iowa; 26. Ryan Ruter, Kanawha, Iowa.Heat winners were Marriott, Robinson, Shryock, Hansen, Anderson, Big Eagle, Brown, Grimes, Aaron Turnbull, Schott, Ed Turnbull and Grabouski.1st “B” feature (top two) – 1. O’Brien. 2. Wolla. 2nd “B” feature – 1. Taylor; 2. Galloway. 3rd “B” feature – 1. Strand; 2. Wilson. 4th “B” feature – 1. Hagen. 2. Larson. 5th “B” feature – 1. Jergens; 2. Kollman. 6th “B” feature – 1. Lund; 2. Czarapata.Stock Cars – 1. Elijah Zevenbergen, Ocheyedan, Iowa; 2. Joe Flory, Williston; 3. Andrew Altenburg, Truman, Minn.; 4. Scott Yale, Minot; 5. Austin Daae, Estevan, Sask.; 6. Nathan Burke, Minot; 7. Jake Nelson, Williston; 8. Mike Swallers, Minot; 9. Brendan Eilts, Grand Island, Neb.; 10. Chris Ellis, Minot; 11. Dalton Flory, Williston; 12. Greg Wichman, Bonduel, Wis.; 13. Cody Nelson, Kenmare; 14. Jordan Durward, Trenton; 15. Gary Goudy Jr., Stoughton, Sask.; 16. Joren Boyce, Minot; 17. Blaine Durward, Trenton; 18. Steve Kihle, Williston; 19. Scott Gartner, Bismarck; 20. Matt Speckman, Sleepy Eye, Minn.; 21. Kyler Jeffrey, Williston; 22. Tyler Tix, Glenburn; 23. Beau Deschamp, Bottineau; 24. Adam Klocke, Carroll, Iowa.Heat winners were Dalton Flory, Daae, Burke and Joe Flory. “B” feature winners were Jordan Durward and Speckman.
Statehouse—State Rep. Cindy Ziemke (R-Batesville) encourages Hoosier students interested in state government to participate in the Indiana House Page Program during the 2020 legislative session.According to Ziemke, students ages 13 to 18 can spend a day at the Statehouse in Indianapolis assisting House legislators and staff, and touring the governor’s office, the Indiana Supreme Court and the House and Senate chambers. She said it is also an opportunity to witness the legislative process in person, including debates on various proposals for new laws.“The page program is a unique, hands-on learning opportunity for Hoosier students, especially those interested in government and the lawmaking process,” Ziemke said. “This one-day experience is invaluable, and encourages students to be more civically involved in their communities.”Ziemke said student pages receive an excused absence from school and groups can participate together. Students are responsible for their own lunch expenses and transportation to and from the Statehouse. Opportunities to serve as a page include Mondays, Tuesdays and Thursdays during the legislative session, which began Jan. 6 and concludes by March 14. For more information and to sign up, visit IndianaHouseRepublicans.com/PageProgram or call 800-382-9841.With limited openings, students are encouraged to apply soon.
Bhubaneswar: The International Hockey Federation (FIH) Academy along with the Hockey India (HI) completed the three-day Level 2 technical officials course, which started on June 4. It was conducted by Iain Dugald Mckay, FIH Academy Technical Official Educator and also International Hockey Federation International Advancement Panel Technical Official.Eight officials, including two women, took part in the course. “India has a great tradition of hockey officials and in partnership with the International Hockey Federation, we are trying to improve their capabilities and expertise to help them spread their knowledge and enable others to engage in the sport as technical officials,” said Mckay.The course would equip them to deal with any situation during a tournament, he added.The International Hockey Federation Academy-Hockey India Level 2 umpiring course too was organised between 8 June to 10 June on the sidelines of FIH Men’s Hockey Series Finals Bhubaneswar Odisha 2019. The course was conducted by International Hockey Federation Academy Umpiring Educator Robert Willem ten Cate, who is also FIH Pro League Panel Umpire Manager. Eleven umpires, including four women, from across India had registered for the course. IANS Also Read: SPORTS NEWS