The possible amendments to the 1999 and 2004 Bank Indonesia (BI) Laws and the issuance of a regulation in lieu of law (Perppu) on financial system reform may interfere with the central bank’s independence, economists have warned. In a virtual discussion held by the Institute for Development of Economics and Finance (Indef), the institute’s senior economist M. Fadhil Hasan said the central bank’s independence would need to be strengthened along with the plans to expand its mandate, as opposed to being compromised.“Precisely because the responsibilities are getting bigger, it is necessary to strengthen the institution of BI, and in fact, its independence must be strengthened,” Fadhil said during the discussion on Thursday. The KSSK consists of the finance minister, BI governor, OJK chairman, as well as the Deposit Insurance Corporation (LPS) chairman. Finance Minister Sri Mulyani Indrawati pledged on Sept. 4 that the government would ensure a credible and independent central bank to maintain stability and market trust. Monetary policy must “remain credible, effective and independent” going forward, the minister stressed, reiterating President Joko “Jokowi” Widodo’s statement on Sept. 1.“What is important is that we make every effort to reduce the abuse of power,” Indef senior economist Faisal H Basri said during the discussion on Thursday. Faisal signaled his concern over the possibility of the government utilizing the central bank to resolve state firms’ financial problems, as an example of a breach of power. He went on to say that, as a matter of fact, there were already members of BI and the Finance Ministry within the OJK, thereby addressing the issue of coordination between institutions. Meanwhile, Fithra Faisal Hastiadi, executive director at think tank Next Policy, questioned the plan of shifting the mandate of banking supervision from the OJK to BI. He explained that the financial sector had been undergoing significant developments that required the central bank to have “an extra hand on deck” to help supervise the developments. “Why should we change course when we are already on the right track?” Fithra asked. Along the same lines, he added that Indonesia’s financial sector was not in a state that required an urgent revision of the 1999 BI Law. Improvements in coordination between institutions could be done through other means, he said. A central bank’s independence is deemed necessary for countries to have a financial institution with a long-term approach that is protected from politicians’ short-term interests in policy-making, experts have said. Meanwhile, regarding the Perppu draft, Indef deputy director Eko Listiyanto noted that the protracted discourse on the reform was rather unproductive for the financial sector. “I think that this draft needs to be circulated immediately among the public so that it will not become counterproductive,” Eko told the audience, saying that while the legislative body was drafting the amendments, it was still unclear what the Perppu was going to look like. Topics : The government has declared its intention to reform the country’s financial system in recent months. The Finance Ministry announced in late August that the government was planning on issuing a Perppu to reform the financial system. That was followed by a bill proposed by the House of Representatives in early September to amend BI Laws.The bill would render the central bank in charge of all banking industry supervision, taking the responsibility away from the Financial Services Authority (OJK), while also expanding the central bank’s mandate to include driving the country’s economic growth and creating sustainable employment. According to the prevailing laws, the central bank’s main task is to maintain the stability of inflation and the rupiah’s exchange rate. Aside from that, the bill would also warrant the installation of a monetary board led by the finance minister, who could vote in monetary policy decisions. At present, BI is obliged to reject and ignore any kind of intervention from any entity. “What necessitates the macroeconomic policy board? There needs to be a more in-depth study, so that there are no overlaps,” Diponegoro University economics professor FX Sugiyanto said, noting that the Financial System Stability Committee (KSSK) had already addressed the need for better coordination between state agencies running the financial department.
110-112 Barokee Drive, Tanah Merah.A LOCAL real estate expert is predicting a spike in sales later this year off the back of the Commonwealth Games.Elders Real Estate Shailer Park principal Nathan Strudwick said the April games on the Gold Coast would expose the region to thousands of people visiting from interstate and overseas.“I actually think there’s going to be a post Commonwealth Games influx of buyers . . . who see the value (in the area),” he said.“That will see a spike in interest.”More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020110-112 Barokee Drive, Tanah Merah.He believed people would look in the area because it was between Brisbane and the Gold Coast with easy access to both.“It’s only going to be good for the Logan real estate economy,” he said.He said Tanah Merah was in high demand, with strong price growth late last year.A 1800sq m property at 110-112 Barokee Drive that sold for $710,000 was a standout for Mr Strudwick.The median sale price for a home in the suburb was $435,000 to the year ended October 2017. He also said Cornubia would be a suburb to watch in the next year.“It offers a lot for families,” he said.
A French pension fund is seeking a manager for a €60m fixed income mandate, using IPE Quest.The pension fund behind search QN2091 said it aimed to invest €60m in global, developed-market, inflation-linked bonds.It said the core, actively managed strategy would be benchmarked against the Barclays Global Inflation-Linked Bond index, with a maximum tracking error of 5%.The fund said it would prefer for the assets to be held in a UCITS fund, fully hedged into euros, with no less than a 10% exposure to non-investment-grade assets. Applicants should have at least €500m in assets in similar mandates, and €1bn in assets under management across the company.Asset managers should also have at least a five-year track record.Applicants have until 5 August to submit proposals, stating performance net of fees to the end of June.The IPE news team is unable to answer any further questions about IPE Quest 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 7261 4630 or email firstname.lastname@example.org.
The worst of Queensland’s mining downturn is over, according to Deloitte Access Economics.The report states most economic indicators have picked up since the crash in resource investment in 2015 and 2016, with jobs growth improving, gas exports surging and a boost in tourist numbers. Deloitte believes that combination will result in a continuing improvement in Queensland’s economic performance in the next few years. “All that suggests better times ahead for housing construction in Queensland,” the report said.“Housing approvals have turned a corner and building commencements look to have bottomed out. “While the overall pace of housing construction will still likely subtract from the state’s growth over the next year, it will likely start adding to growth from then on as strong population growth soaks up the current excess supply.” INNER-CITY HOUSE SELLS FOR $2.7M The outlook for Queensland’s housing market is bright, according to Deloitte Access Economics. Picture: Richard Walker.QUEENSLAND is set to defy a “mini-credit crunch” that will put more pressure on house prices in Sydney and Melbourne, according to a prominent economic forecaster.The latest business outlook from Deloitte Access Economics paints a bright future for the sunshine state, with eye-watering house prices south of the border sending more economic refugees north.But they are not just coming for the cheaper homes and sunny weather. Deloitte believes the worst of the mining construction downturn is now behind Queensland and improving economic conditions have boosted its appeal as a place to live. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Tourists are flocking to Queensland, including Noosa, according to Deloitte Access Economics.These sectors are also contributing to the better outlook for business investment, according to the report.“The slowdown in resource investment in recent years took a toll on state growth, but that phase is now in the rear view mirror, and commercial building approvals and capex expectations are up,” the report said. THREE BEDS CHEAPER THAN TWO Deloitte said the outlook for engineering construction in Queensland was looking better than it had for some time, with the state government announcing an infrastructure pipeline of almost $46 billion over the next four years. “Rather than wallowing in cash from a strong property market and asset privatisations as NSW and Victoria are, the government is relying more heavily on raising new tax revenue and increasing debt to fund this infrastructure,” the report said. Current public infrastructure spending continues to be led by the $5.4 billion Cross River Rail, while the $22 billion Adani Carmichael coal project leads the pipeline of planned works. More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoDeloitte’s report cites better times ahead for housing construction in Queensland.Deloitte is more pessimistic when it comes to Sydney and Melbourne, suggesting the increasingly higher cost and lower availability of credit that are hurting housing markets in the two cities will generate a “mini-credit crunch”.“Lending is down, it’s amid its longest dry spell since the global financial crisis, and investor loans have dropped to a six-year low,” the report said. “That says housing price falls — now infecting Melbourne — will get worse before they get better.” MYSTERY OVER GINA RINEHART’S HOME The scales will tip in favour of Queensland, which is back to being the number one destination for net interstate migrants — stealing Victoria’s title back in late 2016. Most of the jobs growth has been in government related industry sectors such as public administration, health care and education. The number of short term tourism arrivals continues to grow and tourism occupancy rates have increased to their highest level since 2013. Protestors against the Adani coal mine. Image: AAP/Glenn Hunt.
NZ Herald 29 November 2016Family First Comment: Children living with only one parent or in a blended family are at a higher risk of being abused compared to those living with their biological married parents, a new report reveals.Children living with only one parent or in a blended family are at a higher risk of being abused compared to those living with their biological married parents, a new report reveals.A research paper titled Child Abuse and Family Structure, commissioned by Family First, released today highlights a link between children not raised by married biological parents and those suffering abuse.Bob McCoskrie, national director for family advocacy group Family First, said the research highlighted some key risk factors such as ex-nuptial births where one or both parents were absent, and young mothers and this was over represented by Maori and Pacific cultures. These same groups also had high rates of child abuse.However, Maori children with two parent working families had low rates of abuse.In contrast, Asian groups had low rates of child abuse and lowest proportion of single parent families.Only 9 per cent of Asian families had one parent with at least one child under 18 compared with 28 per cent of Maori.Whereas only 4.2 per cent of Asian children had been maltreated by the age of 2 compared with 60.9 Maori, 53.2 per cent European, 39.1 per cent non-Maori and 21.7 per cent Pacific.McCoskrie said the benefits of children being raised by married parents could not be ignored.However, whenever marriage was promoted, it was seen as an attack on solo or divorced parents, he said.“In virtually every category that social science has measured, children and adults do better when parents get married and stayed married – provided there is no presence of high conflict or violence.”The report analysed trends, based on government research, in maltreatment, ethnic groups and family structure dating back from 1967, which is when there was a decline in the marriage rate.“The research shows it’s the presence of a biological father that generally, not always, protects children and it is marriage that significantly raises the chance that he will remain on the scene,” McCoskrie said.Co-habited parents were four to five times more likely to separate by the time their child turned 5 than those who were married.He said the Government needed to stop worrying offending people and instead focusing on the promotion of marriage and preventing marriage breakdowns. More research into married families was also needed in NZ.“Even to say you want to encourage a marriage culture will get opposition but you have to ask yourself, what is more important. Is it the political correctness or protecting kids?Report author Lindsay Mitchell, whose earlier research also identified a link between family structures and child poverty, said there were certain family set-ups where children were more vulnerable.“In the same way discussion about child poverty ignore the elephant in the room – family structure – so do analyses of the incidence of child abuse.”The report also found a misconception around men predominately being the abusers as the figures showed men were responsible for 60 per cent of physical and sexual abuse, while women were more likely to neglect.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11756289
Latest Posts BANGOR — One year to the day of a gut-wrenching defeat, the Ellsworth baseball team earned redemption in a manner fit for champions.It happened in the same title game; it happened on the same field; it happened with the same starting pitcher on the mound; it even happened as the Eagles brought the same record and tournament seeding into a matchup against one of the state’s top teams and premier athletic programs.Whatever the case, Ellsworth has finally put June 12, 2018, behind it. Now, on June 12, 2019, the Eagles are one win away from adding the most glorious prize in Maine high school baseball to their school’s trophy-laden hallways.Ellsworth defeated Hermon 9-5 on Wednesday to win the Class B North championship at Mansfield Stadium in Bangor. The win exorcised the demons from last year’s Northern Maine title game, in which the Eagles saw their championship dreams fall short against Brewer.This is placeholder textThis is placeholder text“That’s gone now,” Ellsworth senior Matt Burnett said. “We can put it in the past. … We’ve worked our butts off to get back here, and to finally have it happen, we’re all just so excited.”Ellsworth’s Conner Wagstaff celebrates his RBI triple in the third inning of the Class B North championship baseball game against Hermon on June 12 at Mansfield Stadium in Bangor. Wagstaff had two hits and three RBIs at the plate and earned the win on the mound with seven strikeouts. ELLSWORTH AMERICAN PHOTO BY MIKE MANDELLNo. 2 Hermon got off to an excellent start to the game when it followed a first-pitch double against Ellsworth starter Conner Wagstaff with a walk and a wild pitch. The Hawks (17-2) then used a pair of passed balls and an infield single to take a 2-0 lead and put top-ranked Ellsworth in an early hole.The Eagles responded quickly, though, as Tyler Mitchell and Devin Grindle reached base to put runners on first and second with no outs. Then, just as Hermon had done a half-inning earlier, Ellsworth combined a series of passed balls with one single (from Hunter Curtis) and then another (from Wagstaff) to score twice. Curtis then came in for the inning’s final run to give the Eagles the lead.After Hermon tied the game at 3 in the third inning, the Eagles regained the lead on an RBI triple from Wagstaff before extending it to 5-3 on a single from Nate Smith. Hermon cut Ellsworth’s lead back to one run in the top of the fourth, but Wagstaff singled in Devin Grindle and Jackson Curtis in the bottom half to put the Eagles up 7-4.“I knew I wasn’t getting it done to the point I wanted on the mound, so I had to do something with my bat,” Wagstaff said. “That could’ve been a lot worse on my part if I didn’t step up and get it done.”Ellsworth stretched its lead to 9-4 in the fifth before Wagstaff had to depart with one out in the sixth as he reached the 110-pitch limit. In stepped Burnett, and although Hermon scored on an RBI single two batters after his entrance, the Penobscot Valley Conference Pitcher of the Year was spotless the rest of the way as the Eagles clinched their first regional championship since 1992.Wagstaff, who was the losing pitcher in last year’s Class B North title game showdown against Brewer, earned the win this time with seven strikeouts. Ellsworth finished with 10 hits at the plate and no errors in the field.“The guys had my back behind me,” Wagstaff said of his teammates’ error-free performance. “They just kept making plays. I couldn’t have done it without them.”Ellsworth’s Jackson Curtis hoists the Class B North championship plaque after the Eagles’ 9-5 win over Hermon on June 12 at Mansfield Stadium in Bangor. The top-ranked Eagles (18-1) will face Southern Maine No. 3 seed Freeport (16-3) in the state championship game at 4:30 p.m. Saturday, June 15, at St. Joseph’s College in Standish. ELLSWORTH AMERICAN PHOTO BY MIKE MANDELLHad the game been played Tuesday as originally scheduled, Ellsworth would not have been able to bring in Burnett to pitch the final 1 2/3 innings. Yet with rain pushing the game back a day, Burnett, who threw 85 pitches Saturday against Medomak Valley, had the three days of rest required under Maine Principals’ Association rules.“Matt being able to go in was definitely a sigh of relief,” Wagstaff said. “He threw his first pitch for a strike on a splitter, and I knew he was in the zone. It worked out perfectly.”The loss in last year’s Northern Maine final denied Burnett of a chance to pitch in a state title game. Because the senior easily stayed under the 65-pitch limit for throwing again on two days’ rest, though, he will get that opportunity when Ellsworth faces Class B South No. 3 seed Freeport (16-3) at 4:30 p.m. Saturday, June 15, at St. Joseph’s College in Standish.After the post-game celebrations concluded on the field, Smith reminded his teammates of a promise he made to Burnett a year ago. Immediately after that season-ending loss to Brewer, Smith and the rest of the returning Eagles had their sights set on making it right in 2019.“A year ago, I told Matt, ‘Hey, we we’re going to get one next year,’” Smith said. That loss was a feeling no one in the Ellsworth baseball program had forgotten, but on Wednesday, the Eagles cleared their biggest hurdle yet on the way to fulfilling Smith’s promise.As the Eagles prepared to head back to Ellsworth, where they would be greeted with a motorcade, no one was prouder than Dan Curtis. The head coach stressed that his team’s mission wasn’t done, but if the Eagles can find a way to secure another win Saturday evening in Standish, they’ll have an even more joyous journey home.“Enjoy this bus ride back, but we’ve got one more [Saturday],” Curtis told his team. “We’re going to put it together then, too.” Bio Latest posts by Mike Mandell (see all) Hospice volunteers help families navigate grief and find hope – September 12, 2020 Mike MandellMike Mandell is the sports editor at The Ellsworth American and Mount Desert Islander. He began working for The American in August 2016. You can reach him via email at email@example.com. Ellsworth runners compete in virtual Boston Marathon – September 16, 2020 MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020
Published on September 8, 2014 at 12:15 am Facebook Twitter Google+ It’s a little early for Syracuse to be taking a breather. Maybe too early.A Week 2 bye, the Orange’s earliest bye week in a season since 1996, does allow Syracuse to regroup after its ugly 27-26 win over Villanova on Aug. 29. But down the road, the Orange may very likely be wishing it had a week off when it’s grinding through nine straight games before its second bye in Week 11.“Having an early bye week — you can say it comes at a bad time and you can also say it comes at a good time,” head coach Scott Shafer said during the Atlantic Coast Conference coaches’ teleconference on Wednesday. “We have some injuries from summer camp that I think this bye week will help.”In addition to a few bumps and bruises — SU’s offensive line needed some rearranging against Villanova due to the absences of Nick Robinson and Omari Palmer — the off week also lets more dust settle from Terrel Hunt’s opening-night ejection.Now it would be surprising if SU hadn’t made an attempt while planning out the schedule to place its first bye week later in the season; it’s likely that it just couldn’t work out that way.AdvertisementThis is placeholder textBut the fact of the matter is that the Orange won’t get another week off until the middle of November and will have to battle some of the country’s best teams along the way.“Going to Mount Pleasant (Michigan), I’ve done that many times over my career,” Shafer said, referring to SU’s game at Central Michigan on Saturday and his time coaching at Western Michigan. “It’s not an easy tour. We have to get our kids mentally prepared for that. It’ll be a dogfight.”But that’s just the start of it.Nine straight weeks of collisions could enflame those bumps and bruises. And after Syracuse limps away after taking on one powerhouse, another one awaits just seven days later.After the Orange hosts Maryland a week from Saturday, four of SU’s subsequent five games are against programs currently ranked in the Associated Press Top 25 poll.“We’ve had some of the most difficult schedules in the country in the last eight, 10 years,” Shafer said during his press conference on SU’s media day in early August. “Nobody on the outside and nobody that is lining up against us cares about that …“We have a great conference and great division and we understand where we’re at. We have to catch up to Florida State and Clemson and do a great job continuing to compete against the rest of them.”Though the difficulty of the schedule has hardly wavered, SU’s distribution of bye weeks is much more challenging than it’s been in the past.Just once in the last 22 years — 2006 being the other season — has Syracuse played a game in nine consecutive weeks. Last year’s team topped out at five straight weekends of play.It’s a daunting task for a team that started off its second year in the ACC by playing a Football Championship Subdivision opponent to the wire. If not for a missed chip shot of a field goal by Villanova at the end of regulation, the Orange would be 0-1 before the madness ensues.But fortune fell on Syracuse’s side, even though its starting quarterback was tossed from the game for throwing a punch at a Wildcats linebacker.It appears Hunt won’t have many issues moving on with his season, judging by Shafer’s word of Hunt’s remorse and gauging by the Twitter community’s response to Hunt’s apologetic tweets. The extra time between games has helped that process.If SU fields the healthy starting lineup it desires on Saturday, then it’s not a wasted bye week.But when Syracuse is matching up with the likes of Notre Dame, Louisville, Florida State, Clemson and more, and can’t come up for air until mid-November, it’ll be late in the season.Maybe too late.Phil D’Abbraccio is an asst. sports editor at The Daily Orange where his column appears occasionally. He can be reached at firstname.lastname@example.org or on Twitter at @PhilDAbb. Comments
Facebook Twitter Google+ Three-star Class of 2016 inside linebacker Kenneth Ruff has flipped his verbal commitment from Virginia to Syracuse, according to multiple media reports. Scout.com first reported the news.Ruff is the second player to commit since Dino Babers became SU’s head coach.Ruff, who attends Dillard (Florida) High School, was recruited by former UVA assistant Chris Beatty. Beatty joined the Orange’s coaching staff yesterday and has already made a difference, per Scout.Ruff is the first inside linebacker in SU’s 2016 class and puts it at 15 players overall. He’s listed at 6 feet 2 inches and 236 pounds. He also had offers from Clemson, South Carolina, Georgia Tech, Ole Miss and North Carolina, among others. Ruff is ranked with three stars and as the 37th inside linebacker in the class by 247Sports.com’s composite rankings. Comments AdvertisementThis is placeholder text Published on December 12, 2015 at 12:19 pm Contact Paul: email@example.com | @pschweds Related Stories Syracuse football recruiting: Dino Babers lands 1st commit, 2016 OL Airon Servais
Related Articles MansionBet adds Bristol City to sponsorship portfolio August 20, 2020 Submit ESI Digital – No Drama Please… Esports growth should be treated as business as usual August 20, 2020 Share It proved to be a frustrating week for fantasy managers, with a smattering of injuries ensuring a vast majority of scores failed to live up to the lofty expectations of recent weeks.With Manchester City’s Sergio Aguero already out injured many turned to Harry Kane to captain and earn double points, but disappointment followed as the England striker limped out of his sides 4-1 win at Bournemouth in the first half.One man bucking the trend of a relatively low scoring round was Dafabet’s John Cruces, who continued his climb up the table with a League of Legends high of 75 for the round. Despite captain Mohamed Salah disappointing with a doubled score of four, David Silva fired both goals in his sides 2-0 victory at Stoke as he secured 16 points, the joint highest round score with on loan Newcastle midfielder Kenedy. Elsewhere in-form Heung-Min Son scored a brace on his way to 15 points, Pierre-Emerick Aubameyang (nine points) notched a goal and an assist as Arsenal strolled past Watford 3-0 and Nicolas Otamendi’s clean sheet earned him eight.Gameweek 30 also saw a new, or returning, leader take his place at the top, with 45 points proving to be enough for OPAP’s Constantinos Digonis to take his place at the summit once again. Despite Kane (two) being installed as captain, Son (15) again top scored and was duly helped out by Christopher Schindler (seven), Raheem Sterling (six) and Federico Fernandez (six).Hot on the leaders heels, just a point behind following an impressive 63 point haul, is Ladbrokes Coral’s Lewis Palmer. An Arsenal focused strategy certainly paid dividends, with captain Aubameyang (16), Henrikh Mkhitaryan (13) and Shkodran Mustafi (12) making up the main bulk of the points.Gameweek 31 could prove to be the most pivotal for fantasy managers all season, with just four fixtures set to take place due to FA Cup commitments. Bournemouth, Huddersfield and Stoke welcome West Brom, Crystal Palace and Everton in the 3 o’clock kick offs, while Liverpool host Watford in the early evening fixture. Share Betway and Dafabet grow La Liga sponsorship portfolios August 14, 2020 StumbleUpon
Brazil centre-back Thiago Silva has signed for Chelsea on a one-year deal, with the option of another.Done deal! 🙌 Welcome to Chelsea, @TSilva3! #OhhThiagoSilva— Chelsea FC (@ChelseaFC) August 28, 2020 The 35-year-old has joined the Blues on a free transfer having left Paris Saint-Germain after their Champions League final defeat on 23 August.Silva, who is joining on a free transfer after his contract at Paris Saint-Germain expired, passed a medical with the Blues in Milan on Thursday.He wrote to mark the end of his stay at PSG:“Today a cycle ends, after eight years with the PSG team I would like to thank my team-mates, the whole technical team and management, the fans, my family, God and friends, for all these happy moments we experienced in the city of light.”His addition to Lampard’s team will bolster the Blues’ defence, which conceded the most goals (54) in the Premier League top 10 in 2019-20.“I am so happy to be joining Chelsea. I am delighted to be a part of Frank Lampard’s exciting squad,” Silva said after signing for The Blues.“I’m here to challenge for honours and I look forward to playing at Stamford Bridge very soon.”