first_imgResidential property sales and prices rise have shown a downward trend amid the COVID-19 pandemic, which has battered people’s purchasing power and developers’ marketing efforts, despite lower mortgage interest rates.Totok Lusida, the chairman of the Real Estate Indonesia (REI), an association of 6,400 developers, said on May 18 that aside from hindered construction, social restrictions implemented to curb the outbreak have disrupted marketing efforts.“Although we try to do online marketing, consumers eventually want to physically see [the projects],” Totok told The Jakarta Post in a phone interview. “They want to know the location, meet us in person.” Nearly 18 percent of surveyed respondents told the central bank that the decline in sales was mainly driven by high mortgage interest rates. But mortgage interest rates actually fell by 0.2 percentage points on average to 8.92 percent in the first three months of the year from the previous quarter.The residential property industry relies heavily on mortgages because consumers who paid houses using loans reached 74.73 percent in the January-March period, higher by nearly 3 percentage points than in the September-December period of last year.Developer PT Panasonic Homes Gobel Indonesia, for instance, had to close the marketing office of a joint housing project with developer Sinar Mas Land, called Savasa and located on 37 hectares of land in Cikarang, West Java, following the social restrictions.“Under the large-scale social restrictions, consumers are afraid to [leave their homes] so they cannot visit our project,” Panasonic Homes Gobel Indonesia director Wulang Widyatmoko said in an online talk on May 15.“In this situation, the people’s purchasing power is also declining and some want to cancel [their purchases],” he added,Manpower Ministry data shows that more than 2 million people have lost their job as of April 20, posing risks of a further decline in household spending, which contributes to over half of the country’s economy. Private spending growth plunged to 2.84 percent yoy in this year’s first quarter, dragging the economic expansion pace to just 2.97 percent, the lowest in 19 years.As fewer people made home purchases, the growth in residential property prices was slightly slower at 1.68 percent yoy in the January-March period compared to 1.77 percent yoy in the last three months of 2019, according to BI’s quarterly Residential Property Prices Index (IHPR) survey.The bank expects the price growth to slow further to 1.56 percent yoy in the second quarter of the year as uncertainty looms regardless of the government’s plan to gradually lift COVID-19 restrictions in July.Bagus Adikusumo, the senior director of office services at Colliers International, a real estate services firm operating in 68 countries, concurred with the central bank’s bleak outlook. He said the property industry’s growth in general was in line with the overall trend in the economy.“I still see the housing business as a short-term solution for developers,” Bagus told the Post in a phone interview on May 18. “But if we are talking about the next quarter, it is still difficult as the economy and income of potential buyers remain uncertain. So, it is likely that the slowdown will continue in the third quarter of the year.”Some major developers have furloughed workers to cut costs and offset losses due to declining sales, said Bagus. Developers with many houses to sell might want to offer discounted prices to attract potential buyers who emerge from the pandemic with a stronger footing.The government has set aside Rp 1.5 trillion (US$101 million) for interest rate and down payment subsidies this year for low-income households to enable them to purchase a house. The relief allows low-income households to pay a mortgage annual interest rate of just 5 percent for a tenure of 10 years and for Papua and West Papua residents, 4 percent for a tenure of 20 years.“We are optimistic that we will still see growth in our business performance, although the pandemic’s impact will still overshadow the global and national economy,” Pahala Mansury, the president director of state-owned subsidized mortgage-focused Bank Tabungan Negara (BTN) said in a statement on May 15.Topics : The COVID-19 outbreak has infected at least 22,700 people in Indonesia and killed more than 1,300 as of Monday afternoon, according to official data, forcing the government to impose large-scale social restrictions in four provinces and 26 regencies/cities, including in business centers Greater Jakarta, Bandung in West Java and Surabaya in East Java.A recent survey by Bank Indonesia (BI) revealed that the combined sales of small, medium and large houses fell by 43.19 percent year-on-year (yoy) in the first three months of the year, largely because of the unfolding COVID-19 pandemic.The industry still booked an annual growth of 1.19 percent in sales in the fourth quarter of last year.In line with the declining trend in sales, the disbursement growth of housing and apartment mortgages nearly halved by 4.34 percent year-on-year in the first quarter of 2020.last_img read more


first_imgSPF, the €14.5bn pension fund for the Dutch railways sector, is to introduce three variants for accrual in a bid to keep pensions provision affordable for each of its 69 participating companies.It said companies would be given the choice between different accruals against different contributions within its collective defined contribution arrangements.The three alternatives are SPF’s response to the increasing price of pensions arising from low interest rates, as well as the accounting rules of the new financial assessment framework (nFTK) and the ultimate forward rate (UFR) as part of the discounting mechanism for liabilities.The most generous option offers an annual pensions accrual of 1.875% against a contribution of 24% and a franchise – the amount exempt from both pensions accrual and premium payment – of €12,642. Both other alternatives provide for an accrual rate of 1.563% against a 20% premium but under franchises of €12,642 and €13,545, respectively. Currently, SPF charges all participating employers a uniform contribution of 20% for an annual accrual of 1.875% and against a franchise of €13,449.The new rules are set for the next five years, but the social partners have decided that the accrual rate could be adjusted earlier – due to changing interest rates, for example.SPF said it would also adhere to new rules for indexation allowing for part or full inflation compensation if funding is at least 110% or 124.5%, respectively. As of the end of October, SPF’s coverage ratio was 109.9%.As a consequence, the scheme said, participants cannot expect full indexation for the foreseeable future.The social partners in the railways industry have agreed that any future rights cuts will be no more than 1.5% per annum. SPF has 72,275 participants in total, with more than 29,000 active workers and 25,290 pensioners.Recently, the €5bn pension fund PNO Media announced that it would introduce a contribution based on the age of a company’s staff, rather than charge an average premium, with the view to becoming more attractive as a pensions provider.For the same reason, it will also add defined contribution arrangements to its existing defined benefits plans.last_img read more


first_imgThe Lundin Foundation will join the board of Ocean Harvesting Technologies and will support the company’s commercialisation strategy. Zomo Fisher, VP Sustainability, Lundin Energy, also commented: Research & Development Posted: 6 months ago “The vast experience and technical expertise of the Lundin Group, as well as the potential to pilot the technology at off-shore facilities, will be of great value to our company.” The Lundin Foundation receives annual funding from Lundin Energy to invest in low-carbon technologies and support decarbonisation at scale. InfinityWEC is a modular and scalable wave energy conversion system capable of capturing and converting wave energy to electricity. Swedish wave energy tech developer Ocean Harvesting Technologies has secured a €300,000 investment from Lundin Foundation. Ocean Harvesting Technologies Joins GCE Ocean Technology Categories:center_img Mikael Sidenmark, CEO at OHT, said: Compared to offshore wind power, InfinityWEC could produce 10 times more electricity per used sea area. Posted: 6 months ago “Our InfinityWEC technology is the result of several years of R&D and of new technology developments in adjacent industries. To bring our technology to commercialization, we are very pleased to welcome Lundin Foundation as a new shareholder in Ocean Harvesting Technologies. This partnership also enabled Lundin Foundation to make an equity investment into Ocean Harvesting Technologies. “As an experienced Nordic energy developer and operator, Lundin Energy is proud to support low-carbon technology development in the region. The investment matches a grant from the Swedish Energy Agency for the next development phase of the company’s InfinityWEC technology. “We have a goal to become carbon neutral across our operations by 2030, and untapped technologies such as wave power can help the wider industry to decarbonise.”last_img read more


first_img The Scot’s position at Cardiff City Stadium has been under scrutiny since his head of recruitment Iain Moody was removed from his role and replaced on an acting basis by Alisher Apsalyamov, a man with no known experience of top-level football. Apsalyamov is not currently operating for the Bluebirds in an official capacity while his visa documentation is assessed by the Home Office. Reports that Tan has attempted to interfere in on-field matters and bought striker Etien Velikonja without Mackay’s approval have just added to the spotlight on the club and their manager. But Mackay, having guided the Bluebirds to derby glory against Swansea last weekend, insists he is fully committed to the club. “We are all working to ensure Cardiff City is again playing top-level football next season,” he told a press conference. “I want to be talking to the media in a year’s time as Cardiff City manager in the Premier League. “We relish being in the Premier League in terms of players and fans. Our aim is to be the best we can be and finish as high as we can. “I am proud to be manager here. We have worked hard as a staff for two-and-a-half years to take our beliefs forward, mould our squad to the point we have reached now. “We will keep moving forward and make sure everything we do is for the best of Cardiff City. I will always do my best and that will never change.” Mackay will hope there is no hangover from the derby success when Cardiff travel to face Aston Villa on Saturday. The fixture takes midfielder Peter Whittingham back to the club he started his career with before leaving to join Cardiff in 2007. The 29-year-old has not played a league match at Villa Park since his move, and admits it will be special to return to face Paul Lambert’s side. “I came through the youth set-up at Villa,” said Whittingham. “They played a massive part in my career and made me the player I am today. It’s going to be a great occasion and a match from which we can earn three points. “Villa have a lot of young players and it will take time. They will make mistakes, but their manager knows what he is doing. He will nurture them and Villa will be okay in the long run. “It’s a massive club with a great history. But our job is to do all we can to win and that’s what I am focused on.” Malky Mackay may have endured a torrid few weeks but the Scot insists he wants to remain in charge of Cardiff for the long-term. Press Associationlast_img read more


first_img New Delhi: Royal Challengers Bangalore captain Virat Kohli on Friday overtook Suresh Raina to become the leading run-getter in the Indian Premier League. India captain achieved the feat during the game against Kolkata Knight Riders. He scored a delightful 84 off 49 balls, taking his IPL runs tally to 5110. Kohli also became the second Indian to score 8000 runs in T20 cricket after Raina.Raina, who has scored 5086 runs, could overtake Kohli on Saturday when Chennai Super Kings host Kings XI Punjab. Mumbai Indians captain Rohit Sharma is third in the list with 4600 IPL runs.Put into bat by Dinesh Karthik, Royal Challenger Bangalore’s skipper Virat Kohli dispatched Prasidh Krishna for two boundaries in the first over of the innings and from there on he never looked back. A familiar Virat Kohli was at a display for the Chinnaswamy crowd as he creamed boundaries off the Kolkata bowlers. Virat Kohli scores 8000 T20 runs.Virat also overtook Suresh Raina to become the leading run-getter in IPL.  Kohli registered 37th IPL fifty against Kolkata Knight Riders.  For all the Latest Sports News News, Indian Premier League News, Download News Nation Android and iOS Mobile Apps. By the time Kohli was dismissed, he had accumulated 84 runs off 49 deliveries and Bangalore was placed handsomely at 172/2. During his innings, he hit nine fours and two sixes and scored at a strike rate of 171.43. He was part of a 108 run partnership with South African AB de Villiers for the second wicket. This was Kohli’s first fifty of the season.Kohli has been part of the IPL since its inception in 2008 and has played for Royal Challengers Bangalore since the first season. highlightslast_img read more


first_img“But it’s a dream match for our players, they were born to play in a match like this. Naturally we want to win but we are not expected to and that is an important difference.”Martinez saw his side rally from the brink of elimination to snatch a last-gasp 3-2 win over Japan in the Round of 16 on Monday, booking a meeting with the five-time World Cup winners.At times in Rostov-on-Don, Belgium looked hamstrung by Japan’s pressing tactics and needed more than an hour to unshackle themselves and set about a dramatic come-from-behind victory after falling 2-0 down.For Friday’s match, the tactics might be simpler.“Against a team like Brazil, you must attack and defend with 11 players. We are not talking about a system but understanding what we must do when we have possession,” the coach added.“I don’t think it will be a game with many secrets. We have to defend as well as we can and then cause them pain when we have the ball. It can be that simple and this squad is ready for that.”Martinez now faces a tricky decision concerning his line-up with Nacer Chadli and Marouane Fellaini pressing for starts after coming off the bench against Japan to turn the game around in the last half an hour.“As a coach I have a lot of options with this team but I know in my head what I want to do. We will need power,” he said in a hint that the physical presence of Fellaini might be deployed from the beginning.“If we show the same mentality as we did on Monday, we have a big chance.”Belgium play in a second successive World Cup quarterfinal, looking to reach the semifinals for the second time after they advanced to the last four in Mexico 32 years ago.“We have worked hard over two years for this and we are as ready as we ever can be. We’ve won all our games, everyone has played and we’ve scored 12 times.“The game against Japan gave us a big boost,” he said.“There is something special about this squad. If we play well, we can create a lot of chances. But there is no margin for error. If we give Brazil a chance, they will take it. I think it will be the match of the tournament.”The winner of the tie will face either France or Uruguay in St Petersburg on July 10.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Brazil are the favourites in what Belgium coach Roberto Martinez described as a “dream match” for his players when the two countries meet in a World Cup quarterfinal in Kazan Thursday.“These two teams are constructed to score and to win matches. Against Brazil, it will not be about ball possession, but what you do with it. That’s what this World Cup is all about,” the Spaniard told Belgian media on Wednesday.“We know what we are capable of but Brazil are the favourites, putting us into a different role,” he added.last_img read more


first_imgThe No. 43 women’s tennis team heads north to the Bay Area this weekend to face No. 23 Stanford on Friday and No. 1 Cal on Saturday.USC has an undefeated 2-0 record in the Pac-12 after a 5-2 win over Washington last Friday and a 5-1 win over Washington State last Saturday. Their overall record for the season is 5-4.The team struggled this season before entering the conference swing, recording three consecutive losses.“You just have to be positive,” head coach Richard Gallien said after beating Washington. “[You have to] try very hard, making this blind assumption that something good is going to happen as long as you’re motivated and don’t do dumb things, don’t start blaming it saying, ‘It’s this person’s fault,’ and stay steady.”The Trojans can rely on five nationally ranked players. Leading the Trojans is senior Giuliana Olmos, currently ranked No. 25. Olmos recorded two straight set wins over the weekend against the Washington schools at first singles.Sophomores Gabby Smith and Madison Westby are ranked at No. 90 and No. 101, respectively. Freshmen Rianna Valdes and Jessica Failla are currently at No. 111 and No. 125.Valdes was forced to retire at the end of the second set on Friday against Washington due to injury. On Saturday against Washington State, her spot at sixth singles was taken by freshman Kristen Venter.“We definitely had some up and downs in the season.” Venter said after her first match on Saturday. “We’ve had a lot of injuries and technical things, like any other sports things, aren’t always going to go as planned. You need to have a plan B and C.”In doubles, Olmos and Smith are ranked No. 8 in the country. Smith is also at No. 53, with Failla.First up on the road for USC is No. 23 Stanford. The Cardinal are 6-3 overall and 1-1 in the conference after they beat Arizona 5-2 and fell short to Arizona State 4-3. Stanford has four players ranked nationally — juniors Taylor Davidson, Caroline Doyle and Carol Zhao are ranked 26th, 55th and 59th, respectively. Senior Krista Hardebeck is currently at No. 88.On Saturday, the Women of Troy will face No. 1 Cal. The Golden Bears are currently undefeated at 12-0 and have a 2-0 Pac-12 record.In singles, five players are ranked nationally for Cal. At No. 11 is senior Klara Fabikova, followed by junior Maegan Manasse at No. 12, senior Lynn Chi at No. 56, junior Denise Starr at No. 60 and freshman Olivia Hauger at No. 77.The Bears have two pairs ranked nationally. At No. 4 is Manasse and Star and at No. 72 is Fabikova and Hauger.First serve is at 1:30 p.m. on Friday and at 12 p.m. on Saturday.last_img read more


first_imgSarah Kim | Daily TrojanStepping up · Forward Hailey Hite will aim to provide more firepower in her junior season after USC graduated two of its three top goalscorers.The USC women’s soccer team announced its 2017 schedule last Tuesday, as the reigning national champions prepare to defend their first title under fourth-year head coach Keidane McAlpine. The Trojans have a challenging slate on tap this fall, matching up against eight teams that made the NCAA Tournament last year.The team will raise its championship banner to open the new season at home against UC Davis on Aug. 18. Before the players officially begin their campaign, however, they will play two preseason exhibition games: one against UC Irvine at McAlister Field on Aug. 11 and another at Long Beach State two days later.USC will play seven non-conference matches prior to kicking off Pac-12 play in late September. After facing UC Davis, the Trojans head east to take on two 2016 NCAA Tournament competitors, Missouri and Kansas, away from home. McAlpine’s squad then returns to Los Angeles to host Santa Clara — who advanced to the Elite Eight last year — as USC aims to avenge one of its four total losses from the previous campaign.Finally, the Trojans face Iowa State at McAlister Field before wrapping up their non-conference schedule with games on the road against Loyola Marymount and San Diego.“We have a non-conference schedule that will challenge our team and prepare us for the difficulties we will face in Pac-12 play,” McAlpine said. “I am very excited to see how this new mix of women are able to carry on the standards set by the 2016 national championship team.”As is the case every year, USC is scheduled to play each of its 11 conference opponents once in 2017. The team begins with a tough road trip on Sept. 23 to challenge Utah, who pushed the Trojans to a double-overtime draw in Salt Lake City last fall. The two sides met again in the NCAA Tournament, and USC bounced the Utes from the bracket, advancing to the Sweet 16 thanks to a late goal from sophomore striker Leah Pruitt.The team plays its Pac-12 home opener after the trip to Utah, as Oregon State visits McAlister Field on Sept. 28, followed by Oregon on Oct. 1.Though the Pac-12 provides challenges every week, the Trojans will really run the gantlet near the end of the regular season. They will play rematches against the only two conference rivals to beat them last year — Cal and UCLA — with a game against perennial championship contender Stanford sandwiched in-between. USC will host the Bears and Cardinal at McAlister Field on Oct. 26 and Oct. 29, respectively, then conclude the regular season in Westwood on Nov. 3. The Trojans prepare for the upcoming campaign after losing a key chunk of its championship core over the offseason. Five seniors were drafted into the National Women’s Soccer League, including Pac-12 Goalkeeper of the Year Sammy Jo Prudhomme and 2016 MAC Hermann Trophy finalist Morgan Andrews.Striker Alex Anthony last year’s joint-top scorer on the team with 10 goals, returns for her redshirt senior season, however. Pruitt is back in the fold as well, after chipping in four goals and eight assists in 2016. With plenty of returning talent and a six-member recruiting class ready to cut its teeth, the Trojans will look to continue their championship form without skipping a beat this fall.last_img read more


first_img Published on November 2, 2018 at 8:46 pm Contact Arabdho: armajumd@syr.edu | @aromajumder Comments With just over a minute left in the game, Herkimer senior quarterback James Aiello took the snap with his team down 20-12 against Onondaga. He rolled out of the pocket to his left and saw junior Tyler Steele had a step on his defender, junior Zachary Delaney, heading towards the sideline.Aiello let the ball fly, but as Steele slowed down nearing the sideline, Delaney caught up with the receiver and jumped with both arms outstretched for the pass, which was thrown a tad bit too short.“I knew it was right there,” Delaney said. “I knew we had it in our hands.”Delaney’s second interception of the night sealed Onondaga’s second sectional championship in three years and their eighth all time. The Tigers sealed the win, 20-12, with a trio of kneel-downs following the interception, and the celebration commenced.“I’m pretty much speechless; I’m blown away by this win,” Delaney said. “So excited to keep playing with the boys.”AdvertisementThis is placeholder textForcing timely turnovers was the theme of the game for Onondaga, and it started in the second quarter.After Herkimer’s MVP of the night, Wyatt Renshaw, ran in a three-yard touchdown early in the second quarter to put Herkimer up 6-0 following a missed two-point conversion, Onondaga took the lead just three drives later largely due to an interception by senior Wes Corr. He brought the pick back to the Herkimer four-yard line, and it took senior Jason Holbrook just two plays to pound in a four-yard touchdown run.Delaney, who also plays at the quarterback position, ran in the two-point conversion to give Onondaga the 8-6 lead.On the very next drive, Delaney secured his first interception of the game and ran it back to the Herkimer 28-yard line. This time, Onondaga could not take advantage, and the score remained 8-6 heading into halftime.On the other side of the break, it took nearly the entire third quarter for another score. Starting at their own 43-yard line, Onondaga strung together a drive all the way down the field featuring two big plays from Delaney and Holbrook.The first, a 24-yard pass to Corr from Delaney, and immediately following that, Holbrook ran for a 21-yard gain to bring the Tigers deep into Herkimer territory. Three plays later, Delaney completed the drive with a three-yard touchdown run, but a failed two-point conversion meant Onondaga held just a one-possession, 14-6 lead.With less than five minutes to play, Herkimer had the ball with a chance to draw even. But Aiello, looking for a slant route across the middle, floated the pass short of its intended target, and Holbrook was in perfect position for the interception.“As soon as I saw that ball go up, I knew I was going to get that,” he said. “I caught it, looked at both sides, found where my hole was and immediately went where I thought I could go.”That hole led him towards the sideline, short of the end zone, but nearing the pylon, Holbrook made a decisive cut back to the middle and past a defender for the insurance marker.“I knew I had to get into the end zone, or we might not have a chance to push it in,” he said. “I knew that I could make it in, so I decided to keep going and blasted through.”Herkimer responded with a 60-plus-yard touchdown pass from Aiello to Renshaw on the ensuing drive, but again, the Magicians missed the two-point conversion. Herkimer’s final chance to force overtime was squashed by Delaney’s second interception. And Onondaga held on.center_img Facebook Twitter Google+last_img read more


first_img Richard Thorp – FSB TechSeeking to strengthen its compliance operating frameworks and procedures, sports betting platform provider FSB Tech has recruited SMP eGaming to develop its specific ‘Compliance Academy’ training program.Specialists in multi-jurisdictional licensing, regulatory auditing and AML frameworks, SMP will develop a Compliance Academy program for FSB fulfilling the demands, provisions and requisites of operating an effective and compliant online betting platform.Updating stakeholders, Richard Thorp, Business Development Director at FSB, backed the initiative, detailing that it would strengthen FSB industry position as the firm expands its global footprint on four continents:“The SMP Compliance Academy is an essential tool for professionals throughout the gaming industry and reflects an acute awareness of the growing need to stay fully informed of regulatory and compliance requirements.“The platform allows us to apply a risk-based approach to our training via its powerful analytical tools. The team at SMP eGaming clearly has a depth of industry knowledge and this alliance will be of great benefit to all.”FSB becomes the latest industry incumbent, to develop a compliance training program with Isle of man based SMP eGaming.Facing a tougher UK regulatory environment, this October UK legacy bookmaker Betfred confirmed that it had recruited SMP eGaming to develop its unique ‘compliance academy’ focused on delivering staff training across all levels of management.Ted Pepper – SMP eGamingBacking FSB as a new partner, Ted Pepper, Director of SMP eGaming, said: “FSB is an ideal partner for us and has a superb reputation in the industry, we look forward to working with FSB to deliver best-in-class compliance training for their staff, via our bespoke Learning Management Software.“Our Compliance Academy provides a comprehensive compliance and regulatory training platform which meets the requirements of regulators and satisfies organisations’ wider compliance training needs for those operating within the licensed gaming sector.“We are delighted to team up with a respected name in the gaming industry and it’s a further strong endorsement of the work being undertaken by the Academy and the services we provide.” Share Related Articles Share Betfred counters Oppenheimer bid in race to rescue Phumelela August 26, 2020 StumbleUpon Luke Campbell, Champion Sports: Modular thinking most play the lead role in sportsbook migrations August 26, 2020 Betfred extends World Snooker Championship deal until 2022 August 17, 2020 Submitlast_img read more