PREMIUMIndonesia looks west to Papua, West Papua for green investing, empowering farmers

first_imgLOG INDon’t have an account? Register here The government is inviting the private sector to participate in promoting green investments to empower farmers in Papua and West Papua and to reduce the two provincial economies’ dependency on oil palm plantations and forestry.Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said that at least 24 companies, including American coffee company Starbucks, had expressed interest in green investments in the nation’s westernmost territory.The government is looking to raise about Rp 2.8 trillion (US$200 million) for the green investment program through private-sector grants and investment as well as state funds.The investment program aims to help local farmers cultivate cash crops such as cacao, coffee, nutmeg, sago and algae as well as develop local ecotourism. As many as 60,000 families in t… Forgot Password ? Facebook Log in with your social account Google Linkedin Topics : Indonesia Papua West-Papua green-investment Luhut-Binsar-Pandjaitan palm-oil-production cocoa coffeelast_img read more

Continue reading


Not all companies unable to pay Idul Fitri bonuses, labor union says as businesses ask for leeway

first_imgWorkers are questioning businesses’ request to the central government to excuse them from the obligation of giving full Idul Fitri holiday bonuses (THR) to their employees, with a labor union saying that not all companies have been severely affected by the COVID-19.The Indonesian Employers Association (Apindo) submitted on April 6 a proposal to the Office of Coordinating Economic Minister and the Workers Social Security Agency (BPJS Ketenagakerjaan), asking to postpone the payment of THR for a year due to the COVID-19 crisis.Indonesian Worker Union Confederation (KSPI) president Said Iqbal said the government should make it clear that not all sectors had been equally hit by the novel coronavirus, then went on to question the Manpower Ministry’s data on workers affected by the pandemic. However, Iqbal said he had yet to see massive outbreak-related layoffs in the manufacturing sector, including in labor-intensive and capital intensive businesses, although some workers had indeed been sent home due to PSBB measures and expired contracts.”Many laid-off workers are from tourism and the MSMEs sector […] The public needs to know these classifications, so they don’t become anxious,” he said.He further raised concerns that unclear data from the government could be used by certain parties to justify the deliberation of the omnibus bill on job creation at the House of Representatives, which has been strongly rejected by labor unions.“At the same time, the omnibus bill’s deliberation is ongoing. There is the impression that the omnibus bill will offer a solution for all the layoffs; by inviting new investors through the bill. It’s better to focus on COVID-19 handling and the layoffs that follow.”He added that 50,000 workers were ready to hold a massive rally against the bill in Jakarta and several other provinces on April 30 despite the outbreak.Topics : “The government should not generalize industrial sectors affected by the pandemic. There must be a clear classification of sectors that have been affected. Not all companies are unable to afford full THR, wages or severance pay [for laid-off workers],” Iqbal said in a written statement on Monday.Manpower Ministry data shows that over 1.5 million workers in both the formal and informal sectors have either been furloughed or laid off as of April 9, as companies temporarily halt operations to comply with large-scale social restrictions (PSBB).While acknowledging the economic pressures brought on by the virus, Coordinating Economic Minister Airlangga Hartanto Minister reminded all businesses on April 2 that paying out Idul Fitri holiday bonuses “is mandatory”, without exception.Iqbal said that according to KSPI data, businesses with the most layoffs included tourism-related companies and services, airlines, hotels, travel agents, restaurants, logistic firms, online transportation services, digital economic firms, as well as micro, small and medium enterprises (MSMEs).last_img read more

Continue reading


House mulls creating special committee to probe failure to detect fugitive Djoko Tjandra’s return

first_imgLawmakers at the House of Representatives have floated a plan to form a special committee following the Immigration Office’s failure to detect the arrival of longtime fugitive and graft convict Djoko Soegiarto Tjandra into the country.Two political party factions in House Commission III overseeing legal affairs – the NasDem Party and the Democratic Party – proposed the formation of the committee to investigate the matter during a hearing with officials from the Law and Human Rights Ministry on Monday. After remaining at large for more than a decade, Djoko – who was found guilty in a high-profile Bank Bali corruption case – reportedly returned to Indonesia and filed a review of his case in early June. However, his whereabouts now remain unknown to the authorities.He was absent from the first hearing of his case review petition on July 7.Djoko, who fled to Papua New Guinea in 2009 and has since reportedly been spotted in Malaysia and Singapore, succeeded in obtaining an e-ID card from the South Grogol subdistrict on June 8 and a passport on June 27.The Jakarta administration dismissed South Grogol subdistrict head Asep Subahan for alleged misuse of authority for issuing an e-ID card to the fugitive. According to Jakarta inspectorate head Michael Rolandi, Asep was personally involved in the issuance of Djoko’s e-ID, having met with the fugitive’s lawyer Anita Kolopaking at his residence in May. Michael claimed Asep had merely asked his subordinates to check on Djoko’s citizenship status at the request of Anita.On Monday, Jhoni told lawmakers during the hearing that Djoko remained an Indonesian citizen as he had never returned his Indonesian passport.He also admitted there were indeed routes to enter the country illegally that were difficult to monitor.“We’re not making excuses, but many of our undocumented migrant workers have also entered Malaysia through these routes,” Jhoni said.He said the illegal routes included crossing the borders between Papua and Papua New Guinea, Kalimantan and Malaysia, Aceh and southern Thailand and East Nusa Tenggara and Timor-Leste.“The routes are used often by people seeking to enter or leave Indonesia illegally,” Jhoni said.Topics : The hearing saw Jhoni Ginting, the ministry’s Immigration Director General, bombarded with questions from lawmakers, several of which he could not answer, such as on Djoko’s whereabouts and whether he was currently still in Indonesia or had fled to another country.”The director general did not answer our questions. There is a possibility that other institutions could become involved [in the case],” Benny K. Harman of the Democratic Party said, “I propose the commission establish a special committee. Because the director general couldn’t handle the things he didn’t know.”NasDem politician Taufik Basari said his faction would support the setting up of a special committee.Commission III chairman Herman Hery said that members of the commission would soon discuss the proposal. “We will discuss it in our internal meeting.”last_img read more

Continue reading


One-bedroom Gold Coast apartment attracts plenty of buzz

first_imgWhat a view! The apartment at ‘Peppers Oracle’ sold for $630,000.A ONE-BEDROOM Gold Coast apartment has sold for $630,000.The property is on the 17th level of the Oracle Tower One and features spectacular ocean and skyline views. Inside the one-bedroom apartment.The apartment was sold with a luxury furniture package.Tolemy Stevens of Harcourts Coastal handled the sale.center_img More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North3 hours ago02:37International architect Desmond Brooks selling luxury beach villa23 hours agoThere is no shortage of space.“This is the ultimate permanent residence or performing investment within the “Pepper” holiday management returning roughly $42,000 per annum,” the listings states.“Apartment 1704 features one large bedroom plus study.”last_img read more

Continue reading


Gold Coast property achieves Australian sales record for a house fronting golf course

first_imgSanctuary CoveEstablished in 1986, Sanctuary Cove is a $2 billion master-planned community which continues to grow with age.Located in the suburb of Hope Island, residents enjoy a resort lifestyle with access to two championship golf courses, a 313-berth marina, a trendy retail precinct, the InterContinental Sanctuary Cove resort hotel and 24-hour security.The 474-hectare gated enclave is designed around four harbours on the Coomera River. Luxury at every turn.Their latest purchase features a floorplan that opens out to the pool.“It’s a luxury finished house with a fantastic outlook across the golf course, plus it’s single storey which was our preference,” Mr Baird said. “We were attracted by the elegance and location of the property.” The Bairds recently sold their home on the Isle of Capri for $8.8 million.The first development of its kind in Australia, Sanctuary Cove is an iconic community with an excellent international reputation. Relax in the lounge.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“The Bairds bought the house on their first inspection just before it hit the market,” Mr Gates said.“It was a prerelease inspection for the Bairds and they bought it on the spot for a premium price.” The previous golf-fronted record stood at $4.275 million when Mr Gates sold 2218 Arnold Palmer Drive, Sanctuary Cove last year. No stranger to Sanctuary Cove, the Bairds have owned property there since it was developed. 2230 Arnold Palmer Drive, Sanctuary Cove sold for a record price.RETIRED corporate executive David Baird and his wife Marion have smashed the Australian sales record for a house fronting a golf course, splashing $6.5 million on a property at Sanctuary Cove. The four-bedroom home at 2230 Arnold Palmer Drive, was sold off-market by Ray White Sanctuary Cove’s Matt Gates. A seamless indoor-outdoor flow.Sellers Michael and Michelle Cowling built their home 18 months ago using the best fittings possible. “We’ve put a lot of love and thought into this home and we hope David and Marion will enjoy it for many years to come,” Mr Cowling said. “We are moving on to a new project within Sanctuary Cove, so not moving too far away.”Mr Gates said Sanctuary Cove was popular with high-net-worth individuals for its quality lifestyle. last_img read more

Continue reading


Shailer Park home “famous” for Boxing Day party is up for sale

first_imgThe kitchen is modern.The Broadfoots are the second owners of the two-level brick home, which was built in 1988, and Mrs Broadfoot once had a chance encounter with the original owner.“One day I was hanging out my washing and the man who was delivering our gas bottles just so happened to be the one who built it.“He told me it had the name Green Hayes, which is to do with the nature view.” There is a large undercover alfresco dining area overlooking the pool.“Our kids’ friends would come over for the party, and even after they finished school, they would still come over and eventually their wives too,” Mrs Broadfoot said.“That’s what we were famous for and now one of the kids’ friends have taken over and said we have a lifetime membership to their Boxing Day party.” The bedrooms are large. Mrs Broadfoot said her favourite thing about living at the property, which has polished timber floors and cathedral ceilings, was the outlook to nature. The home has polished timber floors and cathedral ceilings.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019Mrs Broadfoot said the size of the home made it the ideal gathering place and party house for her two sons and their friends.“We’ve had 24 people sleeping here before and it used to be called the party house because the kids were very friendly,” she said.center_img The pool at 372 Chatswood Rd, Shailer Park.KERRYN and Ian Broadfoot’s home at Shailer Park was renowned for their annual Boxing Day party.Until recently, the couple held the party almost every year since they bought the 372 Chatswood Rd property in 1995, a legacy which has since been passed on to a younger generation. The design of the home is timeless.“I love the size of the land, the trees, the animals, the mountains and the fact you didn’t feel like you were in the city,” she said.“I love the fact you can sit on the back deck and look out to the koalas and birds in the trees.”The couple are downsizing to something flatter as Mr Broadfoot recently suffered a stroke.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 10:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -10:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, 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 Rate1xFullscreenJune, 2018: Liz Tilley talks prestige property10:02last_img read more

Continue reading


CB&I’s net loss grows in Q4, expects several LNG FIDs this year

first_imgLooking forward, CB&I and its joint venture partners “continue to be well positioned” in the U.S. Gulf Coast and East African regions to capitalize on the strengthening LNG market, the company said.CB&I  said it was confident that final investment decisions (FIDs) for projects will be made in 2018 because of continued robust growth in global gas demand, more serious offtake discussions between its clients and potential LNG buyers, and the company’s continued active support of developing these projects with its clients.To remind, CB&I and McDermott International are moving closer in becoming one company. The duo agreed in December last year to combine in an all-stock transaction to create “a premier fully vertically integrated onshore-offshore company” with an enterprise value of about $6 billion. FIDs to be made LNG World News Staff LNG project chargescenter_img Results for the fourth quarter also included pre-tax charges of $101 million on four projects in the company’s engineering and construction operating group.The project charges include two US LNG export projects the company is working on, namely the Cameron LNG project and the Freeport LNG project.Project charges for the Sempra-led Cameron LNG amount to $39 million, resulting in part from the recognition of incremental costs resulting from Hurricane Harvey, which the company agreed to absorb in connection with the December 2017 settlement agreement with the project sponsor, CB&I said.“The settlement considerably de-risks the project for CB&I, as it resolves all past commercial issues, provides significant cost coverage for certain past and current cost increases, includes an incentive bonus payment related to expedited project completion and, importantly, resets the trigger dates for any potential liquidated damages,” the company said.As per the Freeport LNG project, CB&I took charges of $20 million due in part to the adjustment of contingency provisions in the existing contract.The company said it was continuing to evaluate and estimate the indirect impacts of Hurricane Harvey, including potential impacts to productivity and schedule-related prolongation costs on the project.CB&I added it believes any costs incurred as a result of the hurricane are recoverable under contractual force majeure provisions. For illustration only (Image courtesy of CB&I)LNG engineer Chicago Bridge & Iron (CB&I) reported a net loss of $1.1 billion in the fourth quarter as compared to a net loss of $665.7 million the year before.On a per-share basis, CB&I posted fourth-quarter net loss of $10.52 per diluted share compared to a net loss of $6.65 per diluted share, in the year-ago period.CB&I said in its report on Tuesday that the fourth-quarter loss includes four unfavorable non-operating items that total $11.02 per share or $1.17 billion.For the fourth quarter, revenue was $1.7 billion, compared to revenue of $2 billion for the same period of 2016.For the full year 2017, revenue was $6.7 billion, compared to revenue of $8.6 billion in 2016. The company reported a net loss of $1.5 billion, or $14.44 per diluted share, as compared to a net loss of $313.2 million or $3.02 per share for 2016.last_img read more

Continue reading


Fast finish keys Dees in Sport Compact rookie quest

first_imgWhile his racing background is in a far different form of going fast Dakota Dees kept turning left and earned national Mach-1 Sport Compact rookie of the year hon­ors. At right is IMCA President Brett Root. (Photo by Bruce Badgley, Motor­sports Photography)WEATHERFORD, Texas – Coming from a drag racing family, Dakota Dees didn’t understand how going fast and turning left could be all that difficult.Now that he’s done it himself, he understands.The Mach-1 Sport Compact national rookie of the year won seven of his 30 starts and six of his last 10 outings, finishing third in points at 281 Speedway and at Boyd Raceway. Girlfriend and Allstar Performance Texas State champion Julia Childs was runner-up in the standings at both tracks.“I watched her do it and thought it was awesome. She got me hooked on it,” said Dees, from Weather­ford. “Before I started racing, I couldn’t figure out how it could be so hard. When I started (in Julia’s original car) I couldn’t keep it on the track.”“I’m ecstatic about winning rookie points,” he added. “It’s the last thing I ever thought would hap­pen.”Dees’ first win came on April 29 at 281. After rolling his car at Boyd on May 12 he was consistent but didn’t make his way to victory lane again until mid-July. Dees picked up three wins at Boyd and three more at Stephenville before the season ended.“I finally got confident behind the wheel. I figured out you put it to the floor and don’t let up,” Dees said. “This class is no piece of cake. It amazes me that I could run with top dogs like Julia and Brandon Segura. It was the greatest time I’ve ever had in my life.”Starts-30Wins-7Additional Top Fives-9HIS CREW: Julia Childs, Mike Childs, brother Colten, Garrett Aaron, Kaleb Watson, Howard Wat­son, Justyn Butler, Trevor Brunz and Tonya Watson.HIS SPONSORS: Auto Pro of Mineral Wells; Armadillo Auto Restoration of Hamilton; Wild Child Roll Cages of Kennedale; Parker County Automotive and Magic Cobra Motorsports, both of Weather­ford; and the Dees, Watson and Welborn families.last_img read more

Continue reading


Vertonghen confirms exit from Spurs

first_imgRelatedPosts EPL: Son fires four past Southampton EPL: Gunners gun for West Ham scalp EPL: Red Devils attack Palace Tottenham Hotspur defender Jan Vertonghen on Monday in London confirmed his departure from the English Premier League club after eight years.This has come in view of the Belgian international’s contract expiration at the end of the 2019/2020 EPL season. The defender, who has made 315 appearances for Spurs in all competitions since arriving from Ajax Amsterdam in 2012, has struggled for playing time this season under Portuguese manager Jose Mourinho.“So, my time at the club comes to an end. A sad day for many reasons,” Vertonghen, 33, wrote in an emotional message on Twitter.“I will miss the friends I’ve made here, the staff that make the club run, playing at the amazing new stadium, and of course you (the) fans.“Thank you for all the support over the years. You’ve been amazing. We had many unbelievable memories. But for now, it’s goodbye.”Tottenham captain Harry Kane had earlier wished Vertonghen and 36-year-old Dutch goalkeeper Michel Vorm, who is also out of contract, well in the next chapter of their careers. “Wish nothing but the best for @JanVertonghen and @Vorm_Official with whatever is next for them,” Kane said on Twitter shortly after a 1-1 draw at Crystal Palace on Sunday.“Been a pleasure sharing a dressing room and playing with them both.”Midfielder Harry Winks posted a picture with the duo on Instagram, adding: “Gonna miss these two.“Been a huge part of my career since I came through the academy both on and off the pitch. All the best in your next chapters, boys.”Reuters/NAN. Tags: Contract ExpirationEnglish Premier LeagueJan VertonghenTottenham Hotspurlast_img read more

Continue reading