first_imgHe and State Secretary Pratikno accompanied the President in his hometown of Surakarta, Central Java until 11 p.m. They were the only two ministers in the Cabinet joining Jokowi in Surakarta after the news broke that the President’s mother, Sujiatmi Notomiharjo, died on Wednesday. Other state officials had refrained from visiting Surakarta and expressed their condolences from afar because of the COVID-19 pandemic, over which Surakarta had also declared an emergency status.Sujiatmi died at age 77 after four years of battling throat cancer. She is to be laid to rest in the family’s cemetery in Karanganyar, Central Java on Thursday at 1 p.m.The President and all G20 leaders are slated to discuss international efforts to fight the spread of COVID-19. The meeting, which is to be led by G20 chairman and Saudi King Salman bin Abdulaziz, is also to focus on measures to stave off global economic recession and the social impacts caused by the disease.Representatives of the World Bank and the International Monetary Fund, in addition to the World Health Organization, are to also join the online meeting. (glh)Topics : President Joko “Jokowi” Widodo is set to participate in the online video-conference summit with the other G20 leaders on Thursday evening amid his grief over the passing of his mother on Wednesday.Jokowi would be joining the online meeting from the Bogor Presidential Palace at 7 p.m., Cabinet Secretary Pramono Anung said. “He remains steadfast and keeps thinking about work, especially issues related to the handling of COVID-19,” he told reporters in a text message on Thursday.last_img read more

first_imgL&G Longevity swap Buyout National Grid Electricity Group 300 Post Office 170 Apr-18 600 Group Jun-18 PIC Buy-in 2,000 Sea Containers 1983 Scheme Aug-18 201 60 Buy-in Feb-18* 140 Buy-in Jul-18 190 Rothesay Life Rothesay Life 209 Siemens PIC Mar-18 Prudential May-18 12,000 Bulk annuity back book Longevity swap Buy-in WPP (five schemes) Zurich/Canada Life Re Aviva Jul-18 450 Rothesay Life 925 Littlewoods May-18 Kingfisher Aviva Buyout Feb-18center_img 850 Buy-in Buy-in 475 PIC 150 325 Buy-in 880 May-18 Buyout UK recruitment company Hays has secured a £271m (€301.5m) insurance buy-in with Canada Life, securing the pensions of all its retired members as of 31 December 2017.In its preliminary results for the 12 months to 30 June 2018, Hays said its defined benefit (DB) pension scheme’s trustees had finalised the deal on 6 August without need for additional funds from the sponsor.“This material balance sheet derisking exercise is in line with Hays’ long-term strategy to reduce future volatility of the group’s defined benefit schemes, and their financial impact on the group,” Hays said in its results statement.The transaction was the first for Canada Life in 2018, but Richard Priestley, executive director at the company, said it had several other deals close to completion. L&G Buyout Jun-18 PIC Jul-18 PIC “Our approach is to price selectively to achieve attractive returns that work for all parties,” he added. “Given our portfolio of assets we are able to offer a competitive price that works for both Canada Life and our partners.”Hays’ £798m scheme was operating with a £76m surplus at the end of June on an IAS19 accounting basis, the company said.It added: “The surplus was primarily due to favourable changes in both demographics and financial assumptions (an increase in the discount rate and a decrease in the inflation rate), together with an increase in asset values.”The scheme has been closed to future accrual since 2012.Favourable insurance company pricing and improved funding for DB schemes have led to a wave of bulk annuity transactions in 2018. Consultancy group Aon reported earlier this month that £20bn worth of deals had been struck in the first half of the year, putting the UK pensions market on course for a record derisking year.Derisking transactions announced in 2018: PPF+ Buy-in Canada Life PIC Aug-18 Unnamed scheme Jul-18 L&G BAA Pension Scheme Marks & Spencer Scottish Widows Feb-18* DateScheme / FirmInsurerSize (£m)Type of transaction Buy-in PA Consulting Toshiba 1,300 Unnamed scheme Marks & Spencer Feb-18 PPF+ Civil Aviation Authority Feb-18* Phoenix 271 Hays Source: JLT Employee Benefits, IPE* Although announced in February 2018, transactions marked with an asterisk traded in the second half of 2017last_img read more

first_imgPension funds should be given access to loans from the European Central Bank (ECB), for example in case they cannot meet their collateral obligations for central clearing, the head of fixed income at €238bn Dutch asset manager PGGM has argued.During a panel discussion at a Dutch CFA Society conference in Amsterdam last week, Ido de Geus said that liquidity risk in the financial system had shifted from banks to pension funds since the financial crisis.Banks need to keep more liquidity and can, in case of a serious shortfall, request additional cash through the ECB’s Emergency Liquidity Assistance.Such a facility does not exist for pension funds, whereas soon they must have much more liquidity available for central clearing of interest swaps, noted De Geus, who represents the Dutch pensions sector in a European Commission-facilitated expert group of central clearing parties, clearing members, supervisors, pension funds and policy makers. Earlier this year, the European Parliament and EU member states reached an agreement on extending pension schemes’ exemption from an obligation to centrally clear derivatives. This meant that large pension schemes would be exempt from the requirement for another two years, with the possibility of two one-year extensions.The expert group De Geus is a member of is seeking solutions to tackle expected problems when the exemption expires. “If the financial markets are stressed, there is a possibility that schemes can’t access the required amount of cash”Ido de Geus, head of fixed income at PGGMIf interest rates start to rise again, pension funds would have to deposit cash at central clearing houses, such as LCH and Eurex.According to PGGM’s De Geus, a rates rise of 10 basis points would require pension funds to transfer dozens of billions of euros within a day.“Pension funds always depend on other parties to make cash available,” he said. “If the financial markets are stressed, there is a possibility that schemes can’t access the required amount of cash.“If a large pension fund can’t fulfil its obligations, the market might also close to other schemes.”In De Geus’ opinion, this kind of contagion risk could be avoided by giving pension funds access to ECB liquidity, which would give them some breathing room to meet their obligations. He added that access to loans could be through central clearing parties.According to De Geus, the ECB has agreed to discussions about the matter after years of lobbying.Alternative, local solution Another panel member, Rik Klerkx, head of portfolio and treasury management at risk manager Cardano, confirmed pension funds’ potential liquidity shortage for central clearing, but said he favoured a solution at local level.He suggested that the issue could also be addressed through, for example, the Dutch bank for local authorities (BNG), or a new bank for Dutch pension funds, financed by the largest Dutch institutions.Klerkx said he wondered whether a Dutch lobby would work without the support of large countries like Germany and France, “as Dutch schemes were ‘on a kind of island’ within Europe”.Vincent Schagen, principal treasury manager at the €29bn ING Pensioenfonds, emphasised that getting access to the ECB’s emergency liquidity facility would require a “proper treasury policy”.“This means, for example, that a pension fund must have a balanced spread of their liquidities, has a risk management policy in place for counterparties and has a step-by-step plan for freeing up cash as well,” he explained.In his opinion, treasury policy at several schemes could be improved.Separately, APG, the asset manager for the €459bn civil service scheme ABP, told IPE it was on the same wavelength as PGGM.Hans Copini, head of fixed income at MN, another large asset manager approached for comment, said it also supported pension funds being given access to ECB emergency loans for liquidity.However, he noted that stressed financial markets would likely push interest rates further down, argued that this would be beneficial to swap positions, which would generate liquidity.last_img read more

first_imgThe small-scale LNG import and regasification facility in Gibraltar made a step forward with the unloading procedures test completed on Thursday. A statement by the Gibraltar ministry of education, heritage, environment, energy and climate change notes that the LNG carrier Coral Methane “rehearsed its berthing procedures at the new terminal at the end of the North Mole.”The staff was also able to test the facility’s loading arm and safety systems the statement reads.John Cortes, Gibraltar’s minister for environment, energy and climate change said, “Last night gave us the chance to take on some gas, thus testing our unloading systems and procedures in the most realistic manner possible and I am delighted to say that everything went extremely smoothly.”He added that over the weeks ahead, tests will continue. In a brief statement through his social media channels Cortes added that commissioning of gas generators at the power station are to follow soon.To remind, Shell is developing Gibraltar’s small-scale LNG facility under a contract signed with the government in 2016.The facility has five storage tanks with a total capacity of 5000 cubic meters and a jetty for small-scale LNG carriers, with potential for LNG bunkering operations at the facility in the future.The regasification unit will be operated by Shell’s unit Gasnor.last_img read more

first_imgAnd that extra help may come from a very unexpected place, Newcastle, as their new owner is keen to take one of their stars with him next season.Both Coutinho and Griezmann are on Prince Mohamed Bin Salman’s ambitious agenda, according to the Daily Mirror. He has made a flying start, promising a spectacular payout in the next transfer window for Newcastle to make a number of leaps forward.In fact, sources claim he is considering Massimiliano Allegri or Lucien Favre for the position of manager, while other big names have been linked to the club, such as Edinson Cavani.Signing big players would legitimise his intention of turning Newcastle into the Premier League’s new big club. Loading… Newcastle new owners are willing to make a generous effort to create an ambitious project and have therefore set his sights on two of Barça’s starts: Philippe Coutinho and Antoine Griezmann.Advertisement Read Also: Melo wants Ibrahimovic at Palmeiras before he retiresIn the case of Coutinho, Chelsea have been reported to be close to striking a deal with the Brazilian.Griezmann, for his part, is not ready to leave Barcelona, a fact he made clear when he began to be talked about as the key to making Neymar’s return from PSG cheaper.FacebookTwitterWhatsAppEmail分享 center_img Promoted Content5 Of The World’s Most Unique Theme ParksThe Best Cars Of All TimeWho Is The Most Powerful Woman On Earth?Tarantino’s Latest Effort Will Probably Be His Best To Date8 Addictive And Fun Coffee FactsBirds Enjoy Living In A Gallery Space Created For Them13 kids at weddings who just don’t give a hootThe Very Last Bitcoin Will Be Mined Around 2140. Read More5 Of The World’s Most Unique Theme ParksWhat Happens When You Eat Eggs Every Single Day?Which Country Is The Most Romantic In The World?Best & Worst Celebrity Endorsed Games Ever Made Barcelona will be hoping to generate some income to help them make the desperate move for Neymar and Lautaro Martinez.last_img read more

first_imgGabriele Gravina, the president of the Italian football federation, is willing to do what it takes to get Serie A back underway. The Italian director has stressed that clubs will lose at least 700 million euros of income in total in the event that football does not return. Gravina added that the league will be cancelled only in the event the government takes the decision. “Can you imagine how many issues we would face if the league is cancelled,” he asked. “Who is getting relegated? Gravina said September and October could be used to complete Serie A. Read Also: Aguero reveals what will make Messi leave Barcelona this summer “Who is getting promoted? “Everyone asks for cancellation, but I want the government to impose it. “I will always respect the rules.” FacebookTwitterWhatsAppEmail分享 Loading… center_img “I protect the interests of the world of football and I refuse to sign off on a cancellation of the season, except if objective conditions linked to the health of the players, coaching staff and collaborators occur,” he said during an online event hosted by Ascoli. “But someone would have to tell me clearly and prevent me from pushing forward. “With total cancellation, the system would lose between 700m euros and 800m euros. “With games played behind closed doors there would be losses of 300m euros. “If games are to be played with fans, losses would be 150m euros, but this is not an option.”Advertisement Promoted Content9 Facts You Should Know Before Getting A TattooBut Who In The World Taught Them Those Moves? Was It Papa Bear?The Models Of Paintings Whom The Artists Were Madly In Love WithA Hurricane Can Be As Powerful As 10 Atomic Bombs7 Ways To Understand Your Girlfriend BetterPlaying Games For Hours Can Do This To Your Body8 Most Interesting Sylvester Stallone Movies10 Gorgeous Bollywood Divas Who Earn A LotIs This The Most Delicious Food In The World?2020 Tattoo Trends: Here’s What You’ll See This YearThe Funniest Prankster Grandma And Her Grandson6 Ridiculous Health Myths That Are Actually Truelast_img read more

first_imgClifford John Nordmeyer Jr., known to his friends and family as, Kip, passed away at home in Morris, Indiana on Sunday, February 10, 2019 surrounded by his family.  The son of Clifford Sr. and Gerry (nee: Hane) Nordmeyer was born on August 23, 1969 in Batesville.  He was 49 years old.The 1988 Batesville High School graduate proudly served in the US Navy during Desert Storm. Kip was a dedicated worker for many years at the Morris Feed Mill until it closed. After that, he worked in the shipping department at Wood-Mizer.  Kip was an outdoorsman.  He loved going hunting and fishing.He will be dearly missed by his wife, Charlene; children, Victoria Nordmeyer, Levi (Michaela) Nordmeyer, Leah Nordmeyer, Nicholas McConnell, Ashley White and Matt White; two grandchildren, Krystal and Cody; two nieces, Tegan and Lucy Schmitz; brother, Ben (MaryAnne) Nordmeyer; sister, Abby (Scott) Schmitz along with his parents, Clifford Sr. and Gerry.He was preceded in death by his infant sister, Rene’ Marie Nordmeyer.Visitation will be Friday, February 15, 2019 from 4-7pm at Meyers Funeral Home, Batesville, assisted by the Indiana Patriot Guard. Mass of Christian Burial will be 10:00am on Saturday, February 16th, at St. Anthony Catholic Church in Morris.  Father Shaun Whittington officiating.  Burial to follow in the St. Anthony Church Cemetery with military grave side rites by conducted by the Prell-Bland American Legion Post #271 and the Batesville V.F.W. Post #3183. In addition, a Celebration of Life will begin at 2:00pm at Batesville Eagles, Aerie #1130.Memorials may be given to the family c/o the funeral home.last_img read more

first_img Latest posts by Mike Mandell (see all) Hancock County has produced no shortage of standout boys’ basketball players over the years, and the 2019-20 season has proved to be no different.From tempo-setting big men to top scorers to lockdown defenders, this year’s Ellsworth American All-Hancock County team captures the best of the year that was in local boys’ basketball. With each of these six players set to appear in this year’s tournament, there will be plenty more opportunities for them to make their names known when the lights are at their brightest.Milos Sujica, senior, George Stevens AcademyAn exchange student from Serbia, Sujica quickly established himself as a vital player for George Stevens Academy with his high basketball IQ, strong rebounding ability and consistent jump shot. The senior averaged 12.7 points, 7.7 rebounds, 2.9 assists and 2.0 steals for the Eagles over 15 games.George Stevens Academy’s Caden Mattson passes to teammate Michael Moon during the first half of a high school boys’ basketball game against Lee Academy on Dec. 7 in Blue Hill. Mattson led GSA in points (14.6), rebounds (8.1), assists (4.1) and steals (3.6) per game. ELLSWORTH AMERICAN PHOTO BY MIKE MANDELLThis is placeholder textThis is placeholder textEven though he entered the season as a new addition to a group of GSA players that grew up playing youth basketball together, Sujica had no trouble establishing himself in head coach Dwayne Carter’s system. With his 6-foot-3 frame and outstanding floor vision, Sujica helped the Eagles make up for the loss of Bangor-bound center Andrew Szwez and solidify the themselves as a top team in Class C North.“He’s very smart and really sees the game,” Carter said after GSA’s season-opening win over Lee Academy on Dec. 7. “Even though he’s just joining us, it seems like he’s played with us for a long time. He brings a new dimension, which we really needed.”Caden Mattson, senior, George Stevens AcademyMattson made the All-Hancock County team as George Stevens Academy’s defensive lynchpin a year ago, and the Blue Hill native has earned his place again in 2019-20. The senior was one of the area’s most complete players this season as captain of a GSA team that is once again a top threat in Class C North.Mattson led GSA in points (14.6), rebounds (8.1), assists (4.1) and steals (3.6) per game this season. He also reaffirmed his status as one of Class C North’s premier defensive players as he locked down some of the division’s biggest scoring threats.Hunter Curtis, sophomore, EllsworthAfter emerging as one of Ellsworth’s prominent rebounders and distributors a year ago, Hunter Curtis continued that development in 2019-20. Curtis averaged 8.5 points, 5.7 rebounds and 3.0 assists per game as the primary ballhandler for an Ellsworth team that went 15-3 in the regular season.Although Curtis posted some strong rebounding numbers in Ellsworth’s first few games, he was at his best in the second half of the season. The sophomore recorded 17 points, 10 rebounds and five assists Jan. 18 against Orono and shot an impressive 54.5 percent over the Eagles’ last five games.“My teammates have been getting me the ball when I’m open, and I’ve ended up getting shots to go in,” Curtis said. “I just like to take care of the ball, and if I score, I score.”Jackson Curtis, senior, EllsworthDeer Isle-Stonington’s Myles Brown drives to the basket against Jonesport-Beals’ Adam Robinson during the second half of a high school boys’ basketball game Jan. 7 in Deer Isle. Brown posted a regular season average of 22.6 points per game, the most of any Hancock County player. ELLSWORTH AMERICAN PHOTO BY MIKE MANDELLJackson Curtis joins his brother on the All-Hancock County team after averaging 19.6 points and 9.0 rebounds per game. A returnee from last year’s All-Hancock County squad, Curtis was the anchor for the Eagles with his dominant post moves, reliable outside shot and remarkable rebounding ability.On Jan. 25, Curtis scored 27 points against Presque Isle to become the first Ellsworth basketball in 13 years to join the 1,000-point club. He scored 15 points or more in all but three of the Eagles’ regular season games and was named Big East Conference Player of the Week for the seventh and eighth weeks of the season.Porter Isaacs, junior, Mount Desert IslandIsaacs was a force in the post for MDI as he led the Trojans in points (11.2) and rebounds (7.6) per game through 17 games. Entering Saturday’s game against Ellsworth, his shooting percentage of 61.2 from inside the arc ranked third in the Big East Conference.Isaacs’ dominance on the boards began in MDI’s first game, in which he corralled 19 rebounds as the Trojans fell 61-54 to Houlton. The 6-foot-4 junior from Mount Desert also posted 23 points and five rebounds Jan. 1 against Presque Isle, 21 points and 12 rebounds Jan. 14 against Old Town and 14 points and 13 rebounds in the Trojans’ Jan. 25 rematch with Presque Isle.“He’s been our most consistent player,” MDI head coach Justin Norwood said of Isaacs. “He’s obviously a big dude, and he has great feet and great hands. … He’s been a big part of our half-court defense as well.”Myles Brown, junior, Deer Isle-StoningtonBrown’s versatility was a major factor in the Deer Isle-Stonington boys’ team’s jump from five regular season wins a year ago to 12 in 2019-20. The junior guard averaged 22.6, points, 5.9 rebounds and 5.2 assists per game as one of two co-captains for the junior-heavy Mariners.On Dec. 30, Brown posted a rare high school basketball feat, a triple-double, as he recorded 24 points, 11 rebounds and 11 assists in a 69-55 win over Greenville. He also recorded 27 points Dec. 18 against Searsport, 27 points, 11 assists and five rebounds Jan. 3 against Bangor Christian and 32 points, seven rebounds and four steals Jan. 24 against Islesboro.“Myles can do a lot for us outside because he’s a great shooter,” Deer Isle-Stonington head coach Don Allen said. “He’s become such a big scorer for us this year, and it’s huge when he’s making shots and the other guys start feeding off of him.” MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020 Latest Posts Hospice volunteers help families navigate grief and find hope – September 12, 2020center_img Ellsworth runners compete in virtual Boston Marathon – September 16, 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 mmandell@ellsworthamerican.com. Biolast_img read more

first_imgBy Sudipto GangulyMUMBAI, India (Reuters) – The reputation of the Indian cricket board (BCCI) has been ruined by the freezing of its bank accounts, its president Anurag Thakur said yesterday after a Supreme Court-appointed panel blocked it from making two payments to its state units.The panel asked two banks to halt the disbursements after the board ignored some of the panel recommendations for reforming the world’s richest cricket board, which has been criticised for a perceived lack of transparency.Thakur said the board would take a decision by the evening on the fate of the ongoing home series against New Zealand, which still has a Test and five one-dayers left.“Without the funds how do we play? How can we function, how can we make payments to the players and the various stakeholders?” Thakur told Reuters yesterday.“We don’t even take money from the government and it’s our own funds. Our accounts have been frozen without even communicating with us.“Is this how you treat the world’s richest cricket body which has run the sport so efficiently? It has completely destroyed our hard-earned reputation.”Sources in the Bank of Maharashtra and Yes Bank, who operate the BCCI accounts, confirmed the accounts were frozen on Monday night as they waited for more clarity from the panel which was formed last year to assess BCCI operations.The banks have now lifted the ban on the accounts after former chief justice RM Lodha, the head of the panel, clarified the BCCI is otherwise free to use its funds for routine expenditure.“There is no question of cancellation of any game or series,” Lodha told Reuters TV.“The directive, which we issued to BCCI yesterday in our email, is confined to disbursement of large funds to the state associations.“And banks have been directed to ensure the compliance of that, nothing beyond that. Routine expenses for matches, games, cricketing activities and other administrative matters, they are not at all restrained.“There is absolutely no prohibition, there is no constraint, the accounts of BCCI have not been frozen.”A New Zealand Cricket spokesman said they had heard nothing from the BCCI and were preparing to play the third Test at Indore from Saturday.India sealed the three-Test series 2-0 on Monday with a 178-run victory in Kolkata.The BCCI on Saturday said it would incorporate some of the Lodha panel’s recommendations but ignored several key measures aimed at reforming the board, which is run largely by politicians and industrialists.In their report, Lodha and two colleagues recommended age and tenure restrictions for top officials, as well as banning them from serving successive terms.last_img read more

first_imgFour members of the Syracuse lacrosse team have earned Inside Lacrosse Preseason All-America honors.Headlining the four is midfielder Sergio Salcido, who was named to the first team. The redshirt senior finished second in goals (29) and assists (24) last season for SU. Salcido was one of five players named as captain for the 2016-17 season.Seniors Nick Mariano and Ben Williams were named to the second team, with sophomore Nick Mellen landing on the third team.Mariano led the Orange in goals last season, scoring 35 in his first year at Syracuse. The UMass transfer finished third on the team with 46 points.Williams finished last season No. 10 in the country in faceoff percentage, winning 62.2 percent of faceoffs at the X. He also picked up a team-leading 111 ground balls, as his 6.53 per game ranked ninth nationally. He, too, was named a captain for the upcoming season and is just 175 wins at the X away from setting a Syracuse record.AdvertisementThis is placeholder textMellen started 16 games last season for the Orange. He finished his freshman year with 38 ground balls and causing 14 turnovers, ranked third and tied for second on the team, respectively. With the departures of defensemen Brandon Mullins and Jay McDermott, Mellen is the lone starter returning on defense for Syracuse.Syracuse opens up its 2017 campaign on Feb. 11 when the team hosts Siena at 4 p.m. in the Carrier Dome. Comments Published on January 10, 2017 at 9:38 pm Contact Charlie: csdistur@syr.edu | @charliedisturco Facebook Twitter Google+last_img read more