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first_imgThe announcement came as governments and central banks around the world announce fiscal stimulus and monetary easing policies, following the historic global financial market rout spurred by fears over the COVID-19 pandemic.The new measures add to the first Rp 10.3 trillion stimulus package announced on Feb. 25 that provided mortgage subsidies for low-income families and fiscal incentives for travel-related industries. The government will also speed up the disbursement of social spending in the first quarter and subsidies for the pre-employment card program this month. The government also unveiled a non-fiscal stimulus package that includes a reduction in the number of goods prohibited for import and the acceleration of export and import processing and licensing, especially for reputable traders.Read also: Tax breaks, job training to combat virus impactsIn the financial sector, the Financial Services Authority (OJK) announced it would allow banks to issue new “policies to stimulate economic growth, especially for borrowers affected by the COVID-19 outbreak, including MSMEs [micro, small and medium enterprises]”. The policies include the relaxation of credit assessment and restructuring requirements.“This will not be the last announcement, as the developments have been extremely dynamic. We will assess the situation to mitigate and minimize the impacts. We cannot eradicate the impacts but we can minimize them for corporations and the public,” Finance Minister Sri Mulyani Indrawati told a press briefing in Jakarta. Key elements of the second stimulus package announced on March 13 The government announced on Friday that it would allocate Rp 120 trillion (US$8.1 billion) from the state budget to stimulate the economy by providing tax incentives and subsidies for workers, businesses and families affected by the COVID-19 pandemic.The government’s second stimulus package, worth Rp 22.9 trillion, includes individual and corporate tax breaks as well as the relaxation of loan disbursement and restructuring requirements.Finance Minister Sri Mulyani Indrawati said manufacturing workers with incomes below Rp 200 million per year would be exempted from paying income taxes for six months. The government has also cut the corporate income tax rate by 30 percent for six months and deferred import tax payments for six months for 19 manufacturing industries. It will also speed up repayments of overpaid tax without initial audits.center_img Fiscal stimulus measuresGovernment to exempt manufacturing workers with yearly incomes below Rp 200 million from income tax for six months.Import taxes for raw materials waived for six months for 19 manufacturing industries.Corporate tax rate cut by 30 percent for six months for 19 manufacturing industries.Repayment of overpaid tax to be sped up without initial audits. No limit set for exporters, but Rp 5 billion limit set for non-exporters.Non-fiscal measuresImport restrictions to be reduced for goods under the 749 HS code, including in the fisheries and forestry industries. Health certificate and V-legal documents will no longer be required.Import restrictions to be simplified for raw materials, including steel and alloy steel as well as several food commodities including sugar. The government will also simplify regulations on animal, medicine and food imports.Export-import processes to be sped up for reputable traders.National logistics ecosystem development to be improved.Financial sectorRelaxation of credit scoring requirementsRelaxation of loan restructuring requirementsFoodIssuance of import recommendations to be sped up to ensure sufficient supply and stabilize food prices. Topics :last_img read more

first_imgMesut Ozil was hauled off with 10 minutes remaining of Wednesday’s Europa League final against Chelsea (Picture: Getty)‘The club buys you to be the actual leader around the club. I don’t think Mesut has that in him to carry. I don’t train with him everyday, but I don’t think he has it in him to be leader.’After a difficult start to their relationship, Emery handed Ozil a more prominent role in recent weeks, especially in light of Aaron Ramsey’s season-ending hamstring injury.Ozil, however, has failed to deliver as Arsenal missed out on a top four place, before Wednesday’s capitulation, and Emery, according to the Daily Mail, has had enough.Arsenal have received limited interest in Ozil and are now prepared to subsidise his wages in order to ensure he is sold, or at least loaned out, in the summer.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Advertisement Comment Arsenal will take drastic action to ensure Mesut Ozil is sold this summer Mesut Ozil was heavily criticised for his performance in Wednesday’s Europa League final defeat against Chelsea (Picture: Getty)Unai Emery is determined that Mesut Ozil will play no part in his Arsenal rebuild and the club are prepared to subsidise his enormous salary in order to engineer his exit.The 30-year-old signed a new long-term contract 18 months ago worth a staggering £350,000-a-week but has failed to justify is superstar status and is set to become the highest profile departure in what is destined to be a major summer clear-out.Ozil’s star has waned to such a degree that he was hauled off with 10 minutes remaining of Wednesday’s catastrophic 4-1 Europa League final defeat against Chelsea replaced, pointedly, by academy graduate Joe Willock.AdvertisementAdvertisementThe former Real Madrid playmaker was heavily criticised for his performance by Cesc Fabregas who, in his role as a pundit for BT Sport, said: ‘I think sometimes you just have it inside or you don’t have it.ADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘When he was at Real Madrid he was surrounded by top top players and one of the best players in the history of the sport in Cristiano Ronaldo.‘I’m not taking anything away from Mesut, he played top football there.‘But once you step down a little bit, because we can all agree Real Madrid, Barcelona, Bayern Munich they are top three, you have to show yourself a little bit more because you don’t have the same quality around you. Metro Sport ReporterSaturday 1 Jun 2019 10:42 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.8kShares Advertisementlast_img read more

first_imgAdvertisement Arsenal and United battled it out for eight years (Picture: Allsport)The Gunners won the title by a point in 1998 before United did the same in 1999 and though it was Ferguson’s side that won the Treble, Arsenal could have easily done the Double Double such was the fine margins between the teams.AdvertisementAdvertisementGiggs, of course, played on for a further 15 years after the Treble and battled off the likes of Jose Mourinho’s Chelsea and Roberto Mancini’s Manchester City but he says Wenger’s first great Arsenal side was his toughest opponents.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘They [Arsenal 98/99] had such an experienced team,’ Giggs told Sky Sports.‘Obviously at the back the famous back five but in front of them had a bit of everything.‘They had power, they had pace, imagination with Dennis Bergkamp, goals and penetration with Nicolas Anelka. ‘I agree with you [Gary Neville] they were the toughest team to play against.‘I mean Jose’s Chelsea team were tough in a different way they were pragmatic and tough to break down but Arsenal could do everything. ‘They were similar to ourselves they could build up, could counter attack, they were similar, right through the spine they were so strong right from the goalkeeper through to Bergkamp and Anelka.’MORE: Liverpool’s Andy Robertson and Trent Alexander-Arnold are the best full-backs in the world, says Jose Enrique Comment ‘They had everything’: Ryan Giggs names the toughest opponents he faced at Manchester United Advertisement Manchester United and Arsenal shared the title between 1996 and 2004 (Picture: Getty)Manchester United legend Ryan Giggs says the Arsenal side of the late 1990s is the toughest team he faced during his career.Sir Alex Ferguson’s side won back-to-back Premier League titles in the early 90s before Blackburn Rovers and Newcastle United fleetingly threatened their superiority.But it was the arrival of Arsene Wenger in 1996 that gave the Premier League its most iconic rivalry as Ferguson found his match in the Frenchman.Wenger inherited Arsenal’s famous back five but added astute signings in midfield and flair up front to make Arsenal a more rounded side.ADVERTISEMENT Metro Sport ReporterSunday 17 May 2020 11:40 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.6kShareslast_img read more

first_imgAfter transiting the Expanded Panama Canal, the 14,424 TEU Evergreen Triton arrived at the Helen Delich Bentley Port of Baltimore on May 24, becoming the largest containership to ever visit Maryland.As informed, the ultra large container vessel (ULCV) was able to call the Port of Baltimore following the port’s investment in infrastructure that allows it to handle some of the largest ships in the world.“Thanks to Maryland’s investment in a 50-foot berth, every year we are seeing larger and larger container ships choosing the Port of Baltimore,” Governor Larry Hogan, commented. Previously, the largest containership to visit the Port of Baltimore was the 11,000 TEU containership Gunde Maersk, which arrived at the port in October.Thanks to a public-private partnership between the Maryland Department of Transportation Maryland Port Administration (MDOT MPA) and Ports America Chesapeake, the Port of Baltimore is one of the few ports on the East Coast to have a 50-foot deep channel and a 50-foot deep berth necessary to accommodate the mega-ships traveling through the recently expanded Panama Canal. Ports America Chesapeake operates Seagirt Marine Terminal, the port’s container terminal.“We are very happy to welcome our largest ever container ship, the Evergreen Triton, to the Port of Baltimore,” James J. White, MDOT Maryland Port Administration Executive Director, said.In December 2018, MDOT MPA and Ports America Chesapeake announced a USD 32.7 million project to develop a second 50-foot-deep container berth at Seagirt Marine Terminal. When completed, this second berth will allow the Port of Baltimore to handle two supersized containerships simultaneously.Construction on the new berth is expected to commence by the end of 2019. The berth is expected to become operational by early 2021.The Port of Baltimore is coming off a record-breaking year in 2018. A record 43 million tons of international cargo was handled last year by the combined state-owned public and the privately-owned marine terminals. That surpassed the previous high mark of 40.9 million tons in 1974.The value of the cargo passing through the port in 2018 was also a new benchmark: USD 59.7 billion, surpassing the previous USD 53.9 billion set in 2017. The port’s state-owned public terminals handled a record 10.9 million tons of general cargo last year marking the third consecutive year exceeding the 10-million-ton plateau.In 2018, the port handled 1,023,152 TEU containers marking the first year ever it had exceeded one million.Read more: Port of Baltimore Gets EPA Funding to Help Promote Clean Airlast_img read more

first_imgShearwater GeoServices has been awarded a large survey to be acquired in South America, starting in the fourth quarter of 2019. This is Shearwater’s third contract in as many days. Amazon Warrior; Source: ShearwaterThe six-month project covers approximately 8,500 sq. km and will be acquired by the Amazon Warrior vessel, using 14-streamers and Flexisource triple source.The Amazon Warrior is equipped with a Qmarine streamer system and has been working offshore Brazil since March 2019.“The Amazon Warrior has proven to be a powerful and effective seismic vessel in Brazil,” said Irene Waage Basili, the CEO of Shearwater GeoServices.“We are very excited to see the vessel remaining in South America and adding to the large volume of high quality 3D data acquired since its arrival there. This award further strengthens a growing Shearwater backlog.”The Amazon Warrior is designed, in its entirety, for the purpose of high-capacity seismic acquisition. It is one of two Amazon class vessels in Shearwater’s fleet. It is equipped for world-wide operations ranging from harsh arctic environments, to South Atlantic conditions where the unique vessel design enables low noise data to be acquired through an extended operational window.This is the third contract to be announced by Shearwater this week.On Monday, Shearwater said it had been awarded a seismic acquisition and depth processing contract by Turkish national oil and gas company TPAO.On Tuesday, the company revealed it had been awarded a master services agreement by Lundin Norway and new Isometrix seismic acquisition projects for Lundin and Spirit Energy Norway in the Barents Sea off Norway.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

first_imgThe man was taken to a hospital and was listed in critical but stable condition late Monday, said Albuquerque police spokesman Gilbert Gallegos. ALBUQUERQUE, N.M. – A man was shot Monday night as protesters in New Mexico’s largest city tried to tear down a bronze statue of a Spanish conquistador outside the Albuquerque Museum, prompting the city to announce that the statue would be removed until officials determine the next steps. A confrontation erupted between protesters and a group of armed men who were trying to protect the statue of Juan de Oñate before protesters wrapped a chain around it and began tugging on it while chanting: “Tear it down.” One protester repeatedly swung a pickax at the base of the statue. (AP)center_img Albuquerque police detain members of the New Mexico Civil Guard, an armed civilian group, following the shooting of a man during a protest over a statue of Spanish conquerer Juan de Oñate on Monday, June 15, 2020, in Albuquerque, New Mexico, United States. APlast_img read more

first_imgA residential fire forced emergency personnel to close a portion of St. Mary’s Road in Franklin County for over two hours on Wednesday night.The initial report of the road closure was announced via Nixle, a community text message alert system, at 9:56 p.m.The Brookville Fire Department and Eagle Fire Company of Oldenburg responded to the scene on St. Mary’s Road near Pumphouse Road in Oak Forest.The intersection of St. Mary’s and Pumphouse Road is close to Ss. Philomena and Cecilia Catholic Church.According to Assistant Brookville Fire Chief Larry Race, both departments were able to minimize damage but had to close the road from 10:00 p.m. to midnight due to the proximity of the property to the road.Race indicated that a wood stove in the chimney may have caused to the fire.“No injuries [were reported],” said Race. “We’re estimating $20,000 in damage maybe, but that is just an initial estimate.”“For what we had and where it was at, I was very proud of both departments that responded. They got it down very quickly and was able to saved a lot personal property,” Race said.Original Post 10/24A Nixle message was sent out to the community last night regarding a house fire in Franklin County.The fire occurred on St. Mary’s Road near Pumphouse Road around 9:56 p.m. last night. As a result, the road was closed for unspecified amount of time.The fire was near Ss. Philomena and Cecilia Catholic Church in Oak Forest.According to sources, multiple fire departments responded to the scene, including Eagle Fire Company of Oldenburg.WRBI will keep you up-to-date on this developing story.Nixle is a text-message service utilized by emergency services and government agencies to keep community members informed on important community events.last_img read more

first_img Tottenham coach Andre Villas-Boas admitted at a press conference on Tuesday that Soldado was one of the strikers they were interested in, while Spurs’ director of football Franco Baldini reportedly travelled to Spain for talks with Valencia on Monday. However, if the Barclays Premier League side want to sign the Spain international they will have to stump up the full 30million euro (£26million) with Valencia refusing to accept anything less. Tottenham will have to meet the 30million euro buy-out clause in Roberto Soldado’s contract if they are to pry the striker from Valencia, the Primera Division club’s president Amadeo Salvo has warned. “Valencia have never had any intention of selling Soldado. If he goes it is because of contractual reasons, for 30 millions euros, not a cent less or a cent more, and the buying club must accept Valencia’s conditions of payment,” Salvo told a press conference. “We listened (to Spurs) and we said what we always say, that it’s 30million euros, that the player must decide if he wants to go, and that the conditions of payment are what they are.” Former Real Madrid striker Soldado joined Valencia from Getafe in 2010 and scored 24 goals for Los Che in the Primera Division last season. center_img Press Associationlast_img read more

first_imgManchester City captain Vincent Kompany has been ruled out of this weekend’s Barclays Premier League trip to West Ham. The Belgium defender suffered a thigh injury in City’s defeat of Everton a fortnight ago. Recent reports had suggested the 27-year-old could be back in contention for the trip to Upton Park on Saturday but, while he has made good progress, he will not be considered. Press Associationcenter_img Manager Manuel Pellegrini said: “Vincent is working hard. He is not ready to play but I hope next week he will be.” With a tough week ahead, Pellegrini does not want to take any chances with his influential skipper. City travel to CSKA Moscow in the Champions League on Wednesday and then face Chelsea at Stamford Bridge the following Sunday. Kompany has already missed three games this season after sustaining a groin injury in the opening match against Newcastle. He was sorely missed during that absence, as he was when injured at a critical stage of last season. Martin Demichelis, who has not featured since his arrival in August due to a knee injury, is not yet fit to come in but could be in contention in the coming days. Pellegrini said: “Demichelis played last Wednesday, 45 minutes for the under-21s. “I think he is in the same shape as Kompany. I hope that next week both of them could be fit.” City head to West Ham looking for their first away win of the season after defeats at Cardiff and Aston Villa and a draw at Stoke. Pellegrini said: “I think we deserve more points playing away the way we are playing, but the reality says we have one point from nine so we need to win.” last_img read more