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Diageo deal is a Landmark

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‘No need for unusual policies’: BI refuses to print money to support economy

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first_imgCalls have grown among lawmakers as well as former trade minister Gita Wirjawan, among others, for the central bank to print money to support the virus-battered economy and help fund the COVID-19 battle.Gita asked the central bank to print Rp 4 quadrillion (US$264.29 billion) to protect the economy, adding that the money should be used by the public to purchase their basic needs.“The money will not only be used to provide stimulus packages for those who have lost their jobs, but also to rescue the real sector, as well as micro, small and medium businesses,” Gita said, as quoted by Kompas.com.“There is no need for unusual policies like printing money” to meet liquidity needs, he added.The government will offer another Rp 856.8 trillion in government bonds for the rest the year to address the widening budget deficit.BI has ramped up its bond-buying program by purchasing Rp 173.1 trillion worth of government bonds from the primary market and from foreign investors in the secondary market, similar to the moves made by the United States Federal Reserve, among other central banks, to support their countries’ fiscal needs.Topics : Bank Indonesia (BI) has emphasized that it will not print money to help fund the surge in government spending to fight the COVID-19 pandemic.BI Governor Perry Warjiyo said the suggestion to print money was not a prudent monetary policy, pledging that the central bank would never take the measure.“This is an unusual policy and BI will never take such measures, including giving out money to the general public to face the COVID-19 pandemic,” Perry told reporters on Wednesday. “I am very sorry, but we should not confuse the public.”last_img read more

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Seeking to close gap, Trump bashes Biden on fracking as campaign intensifies

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first_imgThe Reuters/Ipsos poll released on Monday showed Biden with a 7-point lead in Pennsylvania, up from 5 points a week earlier. Trump narrowly won the state in 2016.Speaking to about 50 people at a community center in Broward County in South Florida, Biden said Trump had recklessly dismissed the threat that the coronavirus had posed to their at-risk population.”To Donald Trump, you’re expendable. You’re forgettable. You’re virtually nobody. That’s how he sees seniors. That’s how he sees you,” Biden said.At his Johnstown event, Trump pledged to protect seniors. Biden has said Trump wants to eliminate the payroll tax, which helps fund the Social Security benefit program for retirees.”While I am president, no one will touch your Medicare or your Social Security,” Trump said.A Biden win over Trump in Florida would seriously jeopardize the president’s chances for reelection, and most recent opinion polls show the Democrat ahead with key demographic groups in the state, particularly seniors. Trump won Florida in 2016 by 1.2 percentage points.After Tuesday, Trump plans rallies in Iowa, North Carolina, Georgia and Florida later this week as he barnstorms through crucial states just three weeks ahead of the November election.The president’s schedule, however, sends him to areas friendly to him, suggesting that his campaign is concerned with mobilizing his conservative base rather than reaching out to undecided voters, many of who live in the nation’s suburbs.The president returned to the campaign trail on Monday night in Florida for the first time since disclosing he had the coronavirus.The rally came hours after the White House said Trump had tested negative for COVID-19 on consecutive days and was not infectious to others. Trump is battling the clock. Almost 12 million ballots have been cast so far, including more than 1.6 million in Florida, according to the US Elections Project at the University of Florida, shattering previous records.The president accused Biden of wanting to ban fracking, the process of extracting gas through hydraulic fracturing, which he said would damage the state’s economy.”One of the most important issues for Pennsylvania is the survival of your fracking industry,” Trump told the crowd, some of whom sported red-and-blue MAGA masks. “Joe Biden has repeatedly pledged to abolish fracking. He’s a liar.”Biden has said that he wants to ban new oil and gas production on federal lands, but not ban fracking outright – although his statements on the issue have at times been confusing. Topics :center_img President Donald Trump and Democratic rival Joe Biden fanned out to critical battleground states on Tuesday as the presidential race entered a final, intense phase amid record numbers of early votes cast.At a rally in Pennsylvania, Trump blasted Biden on his environmental and energy policies as a Reuters/Ipsos poll showed him losing ground in the battleground state. Biden stumped again in Florida, chasing the all-important senior vote as he faulted Trump for his handling of the novel coronavirus pandemic.Trump’s event in Johnstown was his second campaign event in two nights as he raced to make up time he lost while recovering from the virus. He plans to hold rallies the rest of the week as he seeks to close what polls say is a significant gap with Biden nationwide but a tighter one in some battleground states.last_img read more

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Lukas Podolski backs Arsenal to make top four if Mesut Ozil plays

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first_img Comment Emery’s main goal is to deliver Champions League this season (Picture: Getty)Podolski was an international and club team-mate of Ozil and thinks the German can fire his side back into the Champions League.ADVERTISEMENT‘Mesut’s a good friend of mine, and a top player who can make the difference on the pitch,’ Podoloski told Four Four Two.AdvertisementAdvertisement‘He can get Arsenal back into the Champions League places. They’re definitely better with him in the starting line-up – he’s got that eye for a special pass. Advertisement Lukas Podolski backs Arsenal to make top four if Mesut Ozil plays Metro Sport ReporterThursday 4 Apr 2019 1:30 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link300Shares Chelsea beat Brighton 3-0, hand Hudson-Odoi first PL startTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 8:38FullscreenChelsea beat Brighton 3-0, hand Hudson-Odoi first PL starthttps://metro.co.uk/video/chelsea-beat-brighton-3-0-hand-hudson-odoi-pl-start-1898376/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘They have to finish in the top four. For a club of Arsenal’s size, there’s no excuse for going three seasons in a row without Champions League qualifications – they need Ozil to help them.’Emery’s side are fourth in the table, two points ahead of United and level on points with Chelsea.Arsenal also have a game in hand over their closest rivals and could still finish third if Tottenham continue to falter this season.Spurs reclaimed third spot from Arsenal by beating Crystal Palace on Wednesday night, but have just one win in six league games.More: 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 City Ozil has reestablished himself in Arsenal’s team (Picture: Getty)Lukas Podolski believes Arsenal will make top four if Mesut Ozil plays regularly for the Gunners in the final seven games of the season.Arsenal are in the driving seat in the race for Champions League qualification after Manchester United and Chelsea suffered costly defeats in the last month.After being sidelined at points throughout the season, Ozil has managed to reestablish himself under Unai Emery in recent weeks. Advertisement Ozil has been in good form since reclaiming his starting spot (Picture: Getty)Arsenal’s away form has been consistently below par this season and Emery warned his players they must improve on the road if they are to qualify for the Champions League.‘We know it’s going to be very difficult because we know Tottenham, Manchester United and Chelsea will win a lot of matches. It will demand a lot from us,’ Emery told talkSPORT.‘We will play five matches away and it’s a challenge. We are hot here [at the Emeriates] but we need to be confident and consistent away from home as well.‘We need to take points in difficult away matches like on Sunday against Everton.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moveslast_img read more

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Martin Keown slams Alexandre Lacazette and Nicolas Pepe after Arsenal’s defeat to Olympiacos

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first_img Metro Sport ReporterFriday 28 Feb 2020 1:58 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.6kShares Martin Keown called Alexandre Lacazette a ‘passenger’ after Arsenal’s defeat to Olympiacos (Reuters)Martin Keown has slammed Alexandre Lacazette and Nicolas Pepe following Arsenal’s Europa League exit to Olympiacos on Thursday evening.Youssef El Arabi’s goal in the 119th minute of extra time took the Greek side through on away goals, securing their passage to the last 16.With just seconds left of the game, Gunners captain Pierre-Emerick Aubameyang missed a guilt-edged chance to win the tie, and looked on the verge of tears after the final whistle.But during the 90 minutes, Lacazette and Pepe struggled to make an impact and were unable to find the target for Arsenal.ADVERTISEMENTKeown subsequently described Lacazette as a ‘passenger’ in the game and called Pepe’s decision making ‘poor’.AdvertisementAdvertisementAfter the game, ex-Arsenal defender Keown told BT Sport: ‘This is a game that was there for the taking. Arsenal’s players were stunned by Olympiacos’ late winner (Picture: Getty Images)‘They were complacent in their performance, is it the attitude? Is it the quality of the players?‘It was so disappointing. It was the first time tonight I felt that the players weren’t responding to the manager and the manager didn’t have the answers.‘It was very static, Lacazette was almost a passenger, [Gabriel] Martinelli came on and did exceptionally well. Why wasn’t he on earlier in the match? They left it too late.‘I just feel it was an unprofessional performance, and Arteta will be looking at it now thinking ‘where do I go from here’? Advertisement Commentcenter_img Advertisement Martin Keown slams Alexandre Lacazette and Nicolas Pepe after Arsenal’s defeat to Olympiacos Pierre-Emerick Aubameyang missed an excellent chance to put Arsenal through (Getty Images)‘It’s going to be an uphill battle to make it into the Champions League just in the Premier League.‘There’s going to be quite a fall out from this because Arteta is a young manager, he’s inexperienced with a new set of staff and he’s going to have to build this club back up again.‘If you break down the performance you could look at every single player and say they could have done more tonight.‘Pepe at times his decision making [was poor], that element of his game is going to have to improve massively and I felt that it was almost obvious Martinelli had to come on.More: 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 City‘I was sat close to Arteta, I was tempted to go over and say put Martinelli on.’Arsenal’s league position of ninth makes the prospect of Champions League football via domestic competition difficult.After 27 games the Gunners have accrued just 37 points, seven behind fourth-placed side Chelsea with just 11 matches to play.Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page.MORE: Lee Dixon tells Shkodran Mustafi to ‘pipe down’ after Arsenal defender’s resurgence in formMORE: Arsenal ready to trigger Thomas Partey’s £42 million release clauselast_img read more

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Danish government moves to simplify financial regulation

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first_imgThe Danish pensions industry association has thrown its weight behind proposals to cut red tape – part of a wide-ranging government overhaul of financial regulation.Per Bremer Rasmussen, chief executive of industry group Insurance & Pension Denmark (IPD), said the sector had seen “a massive amount of regulation” in the wake of the financial crisis, which had been extensive and costly.IPD was part of a working group – set up by Denmark’s Ministry of Industry, Business and Financial Affairs – alongside banking lobby group Finans Danmark, the Danish central bank Nationalbanken, researchers, and others.Bremer Rasmussen said the group came up with suggestions on how to simplify regulation, but without compromising consumer safety.  It recommended the implementation of 56 initiatives covering direct EU regulations, Danish implementation of EU regulations, special national rules, and the supervision activities of the Danish FSA (Finanstilsynet).Brian Mikkelsen, Minister for Industry, Business and Financial Affairs, said: “The working group has carried out a good service check on whether the benefits of the last few years’ sharpening of financial regulation overall outweighs the costs that regulation involves for the financial sector.”The group’s suggestions could contribute to estimated financial savings of more than DKK300m (€40.3m) for businesses every year, even though there were some initiatives where it was not possible to gauge the level of savings, said IPD.The group also looked into whether regulation could be made more compatible with digitalisation, and how more use could be made of technological developments. Bremer Rasmussen said the insurance and pensions sector had many new options within digitalisation. “I am particularly glad it is possible to use digital solutions to a greater degree and focus more on providing insurance products that live up to consumer expectations for digital insurance products,” he said.last_img read more

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Where you should have bought property on the Gold Coast 10 years ago

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first_imgPalm Beach tops the Gold Coast’s list of suburbs with the best annual growth over 10 years.PALM Beach was considered a sleepy beachside suburb a decade ago but anyone who bought a house in the area back then is sitting on a property gold mine now.The southern suburb was the Gold Coast’s best for steady value growth with its median house price climbing 5.5 per cent annually over the past 10 years, according to realestate.com.au.Tugun and Burleigh Heads trailed closely behind with 4.6 per cent annual growth over the same period followed by Burleigh Waters (4.4 per cent) and Tallebudgera Valley (4.3 per cent).First National Palm Beach agent Jason Taylor said Palm Beach became more popular when cafes and restaurants started popping up.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:42Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:42 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenTop 5 hot Brisbane suburbs 01:43MORE NEWS: Hundreds of properties to head under the hammerMORE NEWS: Coast’s castle finally finds a buyerDemand for properties at Palm Beach has increased with its development.“(Buyers) never looked at it 10 years ago,” he said.“There weren’t many restaurants or cafes, it was a pretty quiet beachside suburb with a lot of older people.“It all just sort of happened in the past couple of years.”He said supply and demand continued to drive house values up.“It’s still going strong (but) there’s not much on the market,” he said.“There is still very strong demand.”McGrath Palm Beach co-director Josh Willatt said the suburb had been unappreciated for a long time.“For so long it was always a low socio-economic area, it was almost forgotten about,” he said.“Then everyone has just started to realise how good it is.“I think it was too cheap to begin with.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51He said the younger generation was buying into the suburb.“A lot of people who grow up in Palm Beach are coming back and are investing in the area.”Self-titled agency head Brendan Andrews said the area had a bright future and was likely to remain many buyers’ suburb of choice.“Short supply of available dwellings and land, that obviously drives pricing,” he said.“On top of that I think there’s a lot of future plans, and people see the value of the future in it.“It is also sitting between two of the most popular summer destinations on the Gold Coast – Tallebudgera and Currumbin creeks.”More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoWHERE YOU SHOULD HAVE BOUGHT A DECADE AGO(suburb, house/unit, annual median price growth over 10 years, median price)1. Palm Beach, H, 5.5 per cent, $890,0002. Tugun, H, 4.6 per cent, $707,5003. Burleigh Heads, H, 4.6 per cent, $857,5004. Burleigh Waters, H, 4.4 per cent, $845,0005. Tallebudgera Valley, H, 4.3 pre cent, $1,075,5006. Mermaid Waters, H, 4.2 per cent, $937,5007. Burleigh Heads, U, 4 per cent, $615,0008. Miami, H, 4 per cent, $745,0009. Paradise Point, U, 4 per cent, $550,00010. Currumbin Waters, H, 3.8 per cent, $717,000(Source: realestate.com.au)last_img read more

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Siemens Gamesa Opens Asia Pacific Offshore Wind Office

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first_imgA spokesperson from Siemens Gamesa has confirmed to Offshore WIND that the company is launching an office for its offshore business segment in the Asia Pacific region, following social media posts reporting from an opening ceremony today, 5 December.Illustration; Image: Siemens GamesaNeither the Siemens Gamesa spokesperson, nor the social media posts in question provided more details on the matter. However, the company said that more information will be available tomorrow.Siemens Gamesa reported strong performance in its offshore business for the period April-September 2017, with a 16% increase in revenues. The company pointed out that it continues to lead the world with 11GW in wind turbines installed at sea, which is more than 65% of the global offshore fleet.A few days ago, Siemens Gamesa announced that its SG 8.0-167 DD offshore wind turbine is expected to be market-ready in 2020, by when the company will have one technology per business segment. In offshore, Siemens Gamesa opts for the direct-drive platform only.Offshore WIND Stafflast_img read more

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Tourism stakeholder wants reduction in VAT

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first_img Share 14 Views   no discussions Share LocalNews Tourism stakeholder wants reduction in VAT by: – June 21, 2011 Tweetcenter_img Share Sharing is caring! Sam Raphael. Photo credit: concierge.comA major hotelier here is calling for a reduction in the Value Added Tax on Tourism.The owner of Jungle Bay Resort and Spa Sam Raphael said the upcoming 2011/12 national budget should reflect a reduction in the VAT on tourism.He said if the VAT is reduced on the struggling tourism sector it could attract more visitors to the island.“We have been hit hard and people are quite familiar with the problems. In the stay over sector we have suffered quite a bit. The VAT is simply too high. We have complained about that as a sector from the time it was imposed,” he said.Raphael said a reduction in VAT would also mean more revenue for government and more employment as well.Dominica Vibes Newslast_img read more

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Nursing service to award outstanding nurses

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first_img Share Sharing is caring! Tweet The Nursing Service of the Ministry of Health will hold its first Annual Nurses Awards Ceremony on Sunday June 3rd, 2012, at the Arawak House of Culture from 4:30 pm, under the Distinguished Patronage of His Excellency The President of the Commonwealth of Dominica, Dr. Nicholas Liverpool and Mrs. Liverpool.Awards will be presented in various categories to include 19 Outstanding Customer Service, 22 Professional Excellence, Nurse of the Year Professional Excellence and Most Outstanding Customer Service awards. Nurses will be recognized from both the Primary Health Care and Secondary Health Care facilities.The Nurse of the Year Award is designed to celebrate outstanding nursing achievement, performance and innovation within the nursing service of the Government of Dominica.Recognition awards will be given to the retired nurses who returned to provide their services after retirement.J. Astaphan & Co. will be presenting awards to the Most Outstanding in Customer Service and Nurse of the Year. These awards are expected to be rotated on an annual basis.The main sponsors of the awards ceremony are J. Astaphan and Co. Ltd and ROSS University School of Medicine. Financial contributions and prizes came from several other private businesses and individuals.During the month of May 2012, the Nursing Service in collaboration with the Dominica Nurses Association and in partnership with the private sector, observed International Nurses Day on May 12th, 2012 under the theme “closing the gap – from evidence to action.” The theme for the month of activities was “Professional excellence in nursing – a partnership with our customers.”The objectives for the month of activities included strengthening and building partnerships with the public and customers, and also improving staff morale.Press Release LocalNews Nursing service to award outstanding nurses by: – June 2, 2012center_img Share Share 10 Views   no discussionslast_img read more

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