Jakarta to evaluate COVID-19 policy amid ‘alarming’ situation

first_imgBoth figures far exceed the World Health Organization’s standard of 5 percent for the relaxation of restrictions. Cumulatively, the positivity rate over the course of the pandemic was 6.9 percent in Jakarta and 13.9 percent nationally, Anies added.The governor said the condition was “worrying” because of Jakarta’s healthcare limitations.“If the number of people requiring treatment is more than the capacity of the hospitals and the number of medical personnel, we will face a big problem,” he said. The Jakarta administration is set to hold a special meeting on Wednesday to assess its COVID-19 countermeasures as cases in the capital continue to rise.“The task force will hold a special meeting to evaluate the latest developments of COVID-19 in Jakarta because the situation is alarming,” Governor Anies Baswesdan said on Wednesday.In the past week, Anies said, Jakarta’s positivity rate – the percentage of COVID-19 tests that return a positive result – had increased to 13.2 percent, while the national rate had reached 18.4 percent. Read also: Industrial COVID-19 clusters in Bekasi, Karawang reach 500 casesAnies said the Jakarta administration would prepare new policies and expected better enforcement of health protocols in communities.Jakarta is currently under transitional large-scale social restrictions (PSBB), a relaxation of the previously imposed restrictions, as the capital gradually reopens businesses and services to keep the economy running.The capital entered transitional PSBB on June 4 and has since extended the policy five times. The move, however, seems to have backfired as new coronavirus clusters have emerged in the capital.As of Tuesday afternoon, Jakarta had confirmed 48,811 COVID-19 cases, with 1,330 fatalities and 36,451 recoveries.Amid the rising rate of transmission, gravediggers have raised concerns about seemingly endless work with minimum protective gear. The available land in designated COVID-19 cemeteries is decreasing.“Currently, we have designated cemeteries in Tegal Alur and Pondok Ranggon. In Tegal Alur, there are still about two hectares of land available, with one hectare accommodating roughly 3,000 burials,” Anies said.The management of Pondok Ranggon cemetery previously reported that by the end of August, there would only be space for another 1,100 burials. Space is expected to run out in October.Topics :last_img read more

Dimitar Berbatov’s Premier League predictions including Leicester City vs Man Utd

first_img Comment The curtain is finally set to come down on the 2019/20 Premier League season (Pictures: REX/METRO.CO.UK)It has been a memorable Premier League campaign for any number of reasons and we are in store for a fitting finale on Sunday.Liverpool may have wrapped up the title a long time ago, but the scramble for European qualification is set to go to the wire. Manchester United and Leicester City face off in what is effectively a straight shootout at the King Power, while Chelsea must avoid defeat at home against Wolves.At the other end of the table, two of Watford, Aston Villa and Bournemouth will be relegated to The Championship. A day of twists and turns awaits and Betfair Ambassdor Dimitar Berbatov previews the action for Metro.co.uk…AdvertisementAdvertisementLeicester City v Man Utd Troy Deeney will need to put in a big performance if Watford are to have any hope of surviving (Picture: Getty)I don’t see how Watford will pull off a miracle and survive. I hope they can prove me wrong. I don’t get them sacking their manager when they had two huge games to go, it just makes things so confusing for the players and everybody connected to the team. Arsenal will want to bounce back from that defeat on Tuesday, I think they have something going for them, Arteta knows what he is doing and I think he has a good understanding with the players, in my opinion they will reap the benefits of his appointment in the future. Dimitar’s Prediction: 2-0Betfair Exchange Odds: Arsenal- 21/20, Watford- 3/1, Draw- 3/1Burnley vs Brighton Advertisement Liverpool finally got their hands on the Premier League trophy in midweek (Picture: Getty)Now that Liverpool have lifted the trophy and have been crowned champions people may think that they will their high standards slip, but when you’re in that situation all you want to do is win every game. Newcastle will want to finish the season on a high, they have done really well this season and I can see them being a tough opponent for Klopp’s side. Dimitar’s Prediction: 2-4.Betfair Exchange Odds: Newcastle- 8/1, Liverpool- 2/5, Draw- 4/1Southampton vs Sheffield United Aston Villa handed themselves a lifeline with their midweek win over Arsenal (Picture: Getty)Aston Villa got a massive win against Arsenal on Tuesday, but the job is far from over. They need another massive performance to make sure they are safe. It’s in Villa’s hands so they need to help themselves, they have some great players and I hope they stay up, they need to be really motivated and can’t make any mistakes. Dimitar’s Prediction: 1-2.Betfair Exchange Odds: West Ham- 9/4, Villa- 11/8, Draw- 11/4AdvertisementMORE: Dimitar Berbatov blasts Gareth Bale over Real Madrid bench anticsMORE: Berbatov sends Manchester United warning over Jadon Sancho transferFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Nick Pope is still in contention to win the Premier League Golden Gloves award (Picture: Getty)I have been impressed this season with Burnley, they have played some good football at times and I am sure that they will have surprised a lot of people. It’s not been easy for them since the return but I think they have done a good job given the issues they had with some player contracts. Brighton will be delighted with how they have avoided the relegation battle and I see this one turning out to be a draw. Dimitar’s Prediction: 2-2.Betfair Exchange Odds: Burnley- 11/8, Brighton- 9/4, Draw- 5/2Chelsea vs Wolves Advertisement Jose Mourinho’s Tottenham will look to end the season with a fifth win in six games (Picture: Getty)I watched Spurs against Leicester and I think they played some good football and they were strong on the counter attack, which is how they scored their goals. It shows you that when it matters, Mourinho knows how to approach a game and when you have the players like he does at Spurs, then it is easier to implement what you want, especially with the speed of Son and Lucas Moura, as well as the goal scoring instinct of Harry Kane. I can see Spurs winning the final game. Dimitar Prediction: 0-1.Betfair Exchange Odds: Palace- 11/2, Spurs- 4/6, Draw- 10/3Everton vs Bournemouthcenter_img Bournemouth can still survive despite having won just one of their last 12 matches (Picture: Getty)It looks very difficult for Bournemouth, but while there’s still a possibility of survival the players will be fighting for it. When you’re chasing safety it is the worst thing ever, I remember at Bayer Leverkusen we were in a relegation battle the season after reaching the Champions League final, it was so difficult and tense, in the end when we were safe we celebrated like we’d just won the Champions League. So, Bournemouth know that they can only do their job and hope for a miracle. I want to see them fight and produce a good game. Dimitar’s Prediction: 1-2.Betfair Exchange Odds: Everton- 5/4, Bournemouth- 3/1, Draw- 9/4Man City vs Norwich Dimitar BerbatovSaturday 25 Jul 2020 11:06 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.8kShares Jamie Vardy represents a major threat to Man Utd’s Champions League hopes (Picture: Getty)Well, this is the big one, it’s a massive game for both teams. The players just need to go out onto the, do their job and win the game. That is easier said than done, you can scream, shout and motivate yourself as much as you like in the dressing room but sometimes the moment you step onto the pitch you s**t your pants. It will be a tense moment because we all know what is on the line, in this case both sets of players will know. The confidence must be there, the United players just need to stay focused and get the job done. It’s difficult for me to predict this one, but I really hope United can get the job done and qualify for the Champions League. Dimitar’s Prediction: 1-2.ADVERTISEMENTBetfair Exchange Odds: Leicester- 9/4, Man Utd- 11/8, Draw- 5/2Arsenal vs Watford Man City legend David Silva plays his final Premier League game on Sunday (Picture: Getty)Norwich aren’t playing for anything and they have been awful the last couple of games. City will want to finish strong and people who want to score goals will look to take that opportunity on Sunday. Their next game after this is against Real Madrid, so they will want to go into that pumped, full of confidence. Dimitar’s Prediction: 5-0.AdvertisementBetfair Exchange Odds: Man City- 1/10, Norwich- 37/1, Draw- 13/1Newcastle vs Liverpool Christian Pulisic has been in sensational form for Chelsea since the restart (Picture: Getty)This is a big game for Chelsea, they won’t want to slip up, it is going to be a tough game for both teams. Despite Wednesday’s result I think Chelsea will still be confident. Wolves will want to finish the season on a high and they can still achieve a top five finish which would be an amazing achievement. I can see this one being quite entertaining. Dimitar Prediction: 3-3.AdvertisementAdvertisementBetfair Exchange Odds: Chelsea- 10/11, Wolves- 7/2, Draw- 3/1Crystal Palace vs Tottenham Danny Ings is still in contention to win the Premier League Golden Boot (Picture: Getty)Both teams will be happy with how they have done this season and I’m hoping that in this one we will see a pure game of football with lots of attacking. Danny Ings is still fighting for the golden boot so he will want to score a few to give himself the best chance to be the league’s top goal scorer. It’s not going to be easy for him to do it but I’m sure he’ll be giving it a try. Dimitar’s Prediction: 3-1.Betfair Exchange Odds: Southampton- 5/4, Sheffield- 5/2, Draw- 5/2West Ham vs Aston Villa Dimitar Berbatov’s Premier League predictions including Leicester City vs Man Utdlast_img read more

AP7 outshines private pension providers with 2017 return

first_imgAP7’s dominance over Sweden’s premium pension system increased last year with new customers and a better-than-average investment return.The fund – one of Sweden’s national pension funds and the default provider in the country’s premium pension system (PPM) – increased its saver numbers last year to more than half of the total participants in the system.Its balanced fund offering, Såfa, generated an investment return above the average return produced by private providers in the PPM, returning 14.4% in 2017.This compared to the 11.3% average return from funds included in the system’s funds marketplace, according to full-year figures released by the Swedish Pensions Agency. In 2016 Såfa returned 13.9%, compared to the average private sector return of 9.5%.The agency said: “Like the year before, 2017 was a year which – viewed from a premium pension perspective – goes down in history as one of the most dramatic.”The year had included everything from scandals and police investigations to a proposed overhaul of the funds marketplace, it said.The PPM is the funded part of the Swedish state pension where pension savers can make their own investment choices. Contributions can either be put into products from the wide range of private sector investment managers, or invested with state pension fund AP7’s Såfa option, which uses a lifecycle approach.The majority of savers in the system had their savings with AP7 in 2017, with the SEK400bn (€38.9bn) fund’s share of customers rising to 52% from 48% in 2016.However, accounts held with AP7 remained much smaller on average than those held with private sector providers. Assets held with AP7 Såfa amounted to 33% of the total fund capital in the premium pension system last year.The average account balance at AP7 was SEK173,400, while pension savers with their own portfolios with fund marketplace providers had an average of SEK241,200, according to the data.Bengt Norrby, statistician at the Swedish Pensions Agency, said: “An explanation for the difference in savings is that a large part of the capital inflow to AP7 Såfa comes from young savers, who usually have lower incomes and, consequently, lower pension contributions.”At the end of 2017, total managed capital in the premium pension system amounted to SEK1.4trn, up from SEK986bn at the end of the previous year.last_img read more

Local Pensions Partnership unveils £750m hedge fund vehicle

first_imgA £16bn (€18bn) collaboration between three UK public sector pension schemes has launched a pooled vehicle for hedge funds.The Local Pensions Partnership (LPP) – formed in 2015 as a collaboration between the London Pensions Fund Authority (LPFA) and Lancashire County Council’s pension scheme – today announced it had established the LPPI Diversifying Strategies fund, pooling together £750m of assets.The multi-manager, multi-strategy fund was designed to “exploit a broad range of relative value and macro directional opportunities in global capital markets”, LPP said.Susan Martin, LPP chief executive, said: “With LPP’s scale, we are able to access different and niche investment strategies that are often closed to new investors, providing innovative, practical implementation solutions for our clients.”  LPP also plans to launch a pooled vehicle for property in the next few months, according to documents seen by IPE. According to their latest annual reports, LPP’s three underlying pension fund clients – LPFA, Lancashire and Berkshire – had roughly £1.5bn of property assets between them.Berkshire joinsSeparately, LPP staff have begun transferring the Berkshire Pension Fund’s £2bn investment portfolio onto its investment platform.Berkshire became LPP’s third client last year, in line with the UK government’s push for asset pooling within the local government pension scheme (LGPS).As part of the transition, council documents showed Berkshire would invest £120m in LPP’s global equities portfolio. Its bonds allocation moved to LPP’s existing fixed income fund in August.In addition, Berkshire would get its own section of LPP’s private equity vehicle. Credit and infrastructure allocations were expected to transfer in the first half of 2019.LPP stated that any holdings deemed unsuitable for pooling would remain with Berkshire until they matured or were sold.#*#*Show Fullscreen*#*# Source: Annual reportsThe asset split for LPP’s three client funds, before Berkshire’s assets were transferredlast_img read more

Dutch insurer seeks global commodities ideas via IPE Quest [updated]

first_imgThere is no specified benchmark and the investor is open to considering risk premia strategies, CTA strategies, illiquid assets, and farmland investments.Interested parties have until 8 February at 5pm UK time to submit strategies.Other open searches on IPE Quest include a Swiss pension fund seeking managers for a $4bn (€3.5bn) (QN-2506, deadline 11 February). The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.This article was updated on 7 February after more information was provided by the investor. A Dutch insurance company has put out feelers for a global commodities strategy via IPE Quest’s Discovery service.According to DS-2507, the investor is preparing to allocate at least €100m, to be invested either actively or passively in listed and unlisted assets.The insurer is open to a segregated mandate or a pooled fund, using physical or futures-based strategies.In an update to the tender published on 7 February, the investor stated that its main investment objectives would “probably be diversification/low correlation, and/or inflation linked”.last_img read more

Investment manager disputes regulatory fine over IPO price fixing

first_imgUK wealth manager Hargreave Hale has disputed the fine it has been handed by the country’s regulator following an investigation into price fixing.The manager, which is owned by Canaccord Genuity, has been fined £306,300, the regulator announced today, with River & Mercantile Asset Management (RAMAM) being charged £108,600.The Financial Conduct Authority (FCA), in its first use of powers to ensure fair competition in financial markets, said both companies had participated in “the sharing of strategic information, on a bilateral basis, between competing asset management firms, shortly before the share prices were set”, in relation to an IPO and placement in 2015.In a statement today, the FCA said: “The firms disclosed and/or accepted otherwise confidential bidding intentions, in the form of the price they were willing to pay and sometimes the volume they wished to acquire. This allowed one firm to know another’s plans during the IPO or placing process when they should have been competing for shares.” A third party in the case, Newton Investment Management, escaped a fine because it was given immunity under the competition leniency programme due to self-reporting the issue to the regulator.Earlier this month, one of its former fund managers, Paul Stephany, was personally fined £32,200 for attempting to influence other managers. The FCA said it found no grounds to charge Artemis, the fourth manager it had investigated.BackgroundFour asset managers ‘may have broken UK competition law’ The FCA opened the case against Artemis, Hargreave Hale, Newton and River & Mercantile in November 2017, publishing a “statement of objections” relating to potential misconductEx-fund manager fined over IPO misconduct The UK regulator fined ex-Newton manager Paul Stephany earlier this month for his part in the eventsIn a statement today, Canaccord disputed the regulator’s findings. The entrance to the FCA’s headquarters in Stratford, LondonIt said: “Based on our initial review of the FCA’s decision in connection with its Competition Act investigation, we believe that the FCA has made a number of legal and factual errors in concluding that Hargreave Hale infringed competition law and we are exploring our options with our legal advisers.”The firm’s main issue, it said, was that “Hargreave Hale was simply a recipient of information that was provided on an unsolicited basis by another fund manager and did not alter its own bidding behaviour as a result”.The company said it had co-operated fully with the FCA and provided “comprehensive evidence and arguments to support our view that no infringement involving Hargreave Hale occurred”.It added that, unlike Newton, none of the individuals representing its organisation had been investigated by the regulator and that it was confident its employees conducted themselves “professionally and in the best interests of clients”.The FCA declined to comment on Hargreave Hale’s statement, but under its own terms, companies issued with a fine have a period of two months in which they are permitted to appeal the decision.‘Long and complex investigation’RAMAM, on the other hand, accepted the fine, welcoming the end of a “long and complex investigation”.James Barham, chief executive of RAMAM, said: “We have always believed passionately in maintaining the highest standards in everything we do and, while we are disappointed the FCA has come to this decision, we are confident the ongoing investment we have made in our procedures and processes clearly demonstrates our commitment to uphold these standards.”A spokesperson for Newton said Stephany had broken its internal code of conduct and had been dismissed.The spokesperson said: “Thorough internal and independent reviews of our systems, control and risk culture established that this was an isolated case which in no way represents our business as a whole.“We take our company culture seriously and expect our employees to understand our clients’ and regulators’ expectations of them, and that they observe the highest standards possible at all times.”last_img read more

TenneT Picks ELA Containers for German Offshore Platforms

first_imgTenneT has awarded ELA Container Offshore with a framework contract for the supply of accommodation containers on four HVDC converter platforms in the German North Sea.Under the contract, the company will supply a minimum of 40 ELA Premium Plus containers.ELA Offshore is also in charge of providing all fire protection concepts, including the integration of escape routes and the installation of lightning protection equipment.“In addition to the units we will be also responsible for the design, build and installation of several steel frames to connect the containers to the platform, as well as the laying of pipes for fresh and waste water and all necessary power and signal cables,” said Gerrit Ahlers, Project Manager at ELA Container Offshore.According to ELA Offshore, the contract was secured as part of an EU tender and represents continued cooperation with TenneT.last_img read more

SAP, 4Ps recipients nabbed for illegal drugs, gambling

first_imgThe suspects were identified as MarioGlenn Dimataga, 51; Jose Ruben Panggo, 50; and Fritz Hubierna, 43. On Wednesday night, officers of Police Station10 caught Rene Dequeña, 42, at a quarantine checkpoint in Zone 12 of BarangayHandumanan. In Victorias City, three men were caughtplaying the card game tong-its inCrossing Mallorca, Barangay 19. On Monday and Tuesday, nine residents ofVictorias City, who also received cash assistance from the government, werearrested for engaging in illegal drugs and illegal gambling. (With a report from PNA/PN) Bacolod City Police Office spokespersonLieutenant Colonel Ariel Pico, said Dequeña is a beneficiary of the PantawidPamilyang Pilipino Program or 4Ps. BACOLOD City – From April 20 to 23, authorities arrested at least 13beneficiaries of the government’s financial assistance here and in NegrosOccidental for engaging in illegal drugs and illegal gambling.  According to the police, two of thesuspects are 4Ps beneficiaries while the other is a recipient of the socialamelioration grant for those affected by the enhanced community quarantine dueto the coronavirus disease 2019 (COVID-19). Every month, 4Ps beneficiaries receivecash assistance from the government and were also given social ameliorationgrant during the quarantine period. They told the police they were playing tong-its to overcome their boredom whileunder ECQ. The suspect, who was driving amotorcycle with a home quarantine pass from Barangay 16, yielded a .357-caliberrevolver loaded with four live ammunition, a small plastic sachet containingsuspected shabu, two pieces of improvised tooter, a wallet containing P1,999,among other items. Operatives seized from the suspects aset of playing cards, a table mat, three plastic chairs, and P3,560 bet money.last_img read more

Badgers escape unscathed on penalty kill

first_imgSomething had to give.Michigan Tech and Wisconsin entered the weekend with the second and third-highest power play percentages in the nation. The Huskies were converting at a 37 percent rate, a big reason MTU was scoring 4.80 goals per game and were undefeated at 3-0-2.So of course, given nine opportunities with the man-advantage, Michigan Tech connected just once.MTU dropped all the way to a 30.6 percent conversion rate as a result and scored just three total goals in the two games. A power play based around getting shots on net and putting lots of big Husky bodies in front of the net was defeated by a Badger squad that tended to get in front of those shots before they could get on net.“We were just trying to focus on blocking shots, that was our number one thing,” junior defenseman Jake Gardiner said. “We were focusing on having our one D down low with those two guys and hoping shots don’t get through.”Friday night, UW goaltender Scott Gudmandson faced just two shots on goal from the MTU power play unit, with the Badgers blocking 19 shots. Brett Bennett started in goal for Wisconsin Saturday night and faced seven shots on goal, while UW blocked an impressive 23 shots.Junior winger Jordy Murray went down to the ice in both games after blocking a shot, hobbling to the bench each time. While the Fairbault, Minn. native didn’t register a point in either game, his blocked shots helped the Badgers attain their ultimate goal of getting WCHA points.Aside from the lone goal he gave up, Bennett played well, getting stick and blocker saves through traffic on the six power-plays Michigan Tech had.According to head coach Mike Eaves, the combination of the two factors led to the effective penalty killing.“A, we had our goaltender playing well. He’s got to be sometimes, your best penalty killer and he was that tonight,” Eaves said. “B, I thought our guys blocked a lot of shots and we worked pretty well in conjunction in trying to get in shooting lanes and block those shots.”UW even got a shorthanded goal courtesy of senior captain Sean Dolan. Dolan and MTU captain Brett Olson went to the box with matching unsportsmanlike conduct penalties at the end of the second period. Gardiner was called for holding early in the third period, giving the Huskies a short 4-on-3 power play.As the Dolan penalty expired, he came out of the box and faced a one-on-one situation, pulling a move he learned from former Badger Derek Stepan and scoring to put UW up 4-1.“I just came out of the penalty box and I was feeling good, I was ready to go, I had a good jump,” Dolan said. “I don’t know what their defenseman was doing, he was caught kind of flat-footed and I was able to poke it up to myself.”While the shorthanded goal was the exclamation point on a successful night of penalty killing, the Badgers didn’t need to put themselves in those situations in the first place. UW took three unsportsmanlike conduct penalties, two of them resulting in MTU power plays.UW senior Patrick Johnson was in and out of scrums with Huskies for much of the game. The most easily avoidable penalty came immediately following Dolan’s goal. Sophomore defenseman John Ramage came out of nowhere to deliver an unnecessary hit on Olson, and went to the box as a result.“I think it would start with me. It’s a Dutch uncle thing, coach gave me a lot of crap. I’ve got to stay out of the penalty box like that, stuff after the whistle, our team, we can’t afford that,” Johnson said. “We might have been playing with fire, but we got away with it, we’ve got a good PK and a lot of blocked shots tonight, which was good.”With a young team that’s already penalty-prone – Wisconsin is fifth in the nation in penalty minutes per game – Eaves was disappointed with some of the decisions his players made.“I’m disappointed in some of our penalties after the whistle,” Eaves said. “We talk about going whistle to whistle and not getting involved in that stuff after, and we’re still doing that.”last_img read more

O’Brien hoping for more Guineas success

first_imgAidan O’Brien’s Newmarket 1,000 Guineas heroine Minding will be a short price to claim the top honours as she chases her own piece of history. That one goes to post at 1:55pmThe first of an eight race card is away at 1:20pm.last_img