Banking shares are likely to remain under pressure as the financial authorities’ loan-restructuring program to help borrowers affected by the COVID-19 could affect their bottom-line, analysts have said.Artha Sekuritas Indonesia vice president Frederik Rasali said the outlook for banking shares was still gloomy as the prospect of lower earnings this year made the banking sector not so promising.As a result of uncertainties in the global and domestic economies, investors will continue to take a wait-and-see approach and hold on to their cash to reduce risk, he told The Jakarta Post on Tuesday. The lack of a mood for buying would affect stock trading as a whole, he added. Last week between May 4 and 8, the financial index depreciated by 2.28 percent. The fall in the prices of banking shares also contributed to the fall in the Jakarta Composite Index (JCI), which lost 2.52 percent during the same period.The previous week, between April 27 and April 30, the financial index gained 3.54 percent, while the JCI rose 4.9 percent, while between April 20 and 24 it fell by 6.03 percent and the IDX lost 2.99 percent.According to Mirae Asset Sekuritas Indonesia’s monthly strategy report published on May 8, the financial sector was among the “least preferred sectors during the outbreak”. The sector has dropped by 4.2 percent throughout April, although the JCI rose by 3.9 percent last month.The share prices of big banks have been leading the fall this year. Bank Mandiri’s (BMRI) price nosedived by 48.26 percent, Bank Rakyat Indonesia (BBRI) plunged by 43.54 percent while Bank Central Asia (BBCA) lost 21.97 percent year to date (as of Tuesday).Banks shares, particularly BBRI and BBCA were mostly sold by foreign investors during April, according to Mirae Asset’s report, adding that the foreign net sales in the financial sector reached Rp 4.3 trillion (US$289.4 million) during the month.The total foreign fund outflows from Indonesian banking shares have amounted to a staggering Rp 11.39 trillion throughout 2020, leaving banking the sector with the largest foreign capital flight so far this year, Mirae Asset’s research data reveal.The COVID-19 pandemic has severely weakened the operations of Indonesian banks, international credit rating agency Fitch Ratings has said. On March 24, Fitch revised its operating environment mid-point score for Indonesian banks to bb+ from bbb-, reflecting significant near-term risks to growth, asset quality and profitability in the sector.The government, well aware that the current business climate poses a risk to bank profitability — as nonperforming loans (NPLs) will subsequently rise as people’s ability to pay their debts decreases — has rolled out a number of stimulus packages to prevent mounting bad loans.In March, the Financial Services Authority (OJK) issued a regulation to relax debt quality assessments and restructuring requirements for loans of up to Rp 10 billion. OJK Regulation No. 11/2020 stipulates that banks are allowed to classify loans as good loans despite declining quality.Paul Sutaryono, a banking observer and former assistant vice president of Bank Negara Indonesia (BNI), told the Post on Tuesday that although the loan restructuring was good for both borrowers and banks, it still held liquidity risks if the restructuring failed.“If loans default, credit quality will go down thus the coverage ratio will go up. It could, therefore, eat up banks’ capital, hence the potential for liquidity risks,” he said.OJK chairman Wimboh Santoso said on Monday in an online hearing with Regional Representatives Council (DPD) Commission IV that as of May 10, Indonesian banks had restructured the loans of 3.88 million borrowers, worth around Rp 336.97 trillion.Wimboh said that 7.8 million borrowers with debts amounting to Rp 1.11 quadrillion might apply for loan restructuring.The country’s banking industry recorded an NPL rate of nearly 2.8 percent in February, the highest since May of last year, although still below the 3 percent threshold.The ratio of liquid assets to non-core deposits was 112.90 percent, well above the 50 percent threshold. The capital adequacy ratio, which measures a bank’s financial strength, was 21.77 percent, the OJK reported.Topics : He said that if there was no strong recovery in the economy until the end of this year, banking shares would remain under pressure. If the pandemic ends in the next few months, bank performances would also improve as there should be an increase in lending, he added. “The debt-restructuring policy actually puts more pressure on banks in terms of performance,” Frederik said. However, he noted that the policy measure had to be taken to ease the burden on borrowers impacted by the health crisis, many of whom might have lost their jobs or have seen their businesses closed down, resulting in the inability to pay off their loans.Pilarmas Investindo Sekuritas research director Maximilianus Nico Demus expressed a similar view. He told the Post on Tuesday that despite the loan-restructuring policy possibly causing negative sentiment for banks, it was part of a strategy “to keep the economy running in order to reduce the impact of the coronavirus”.In recent weeks, the index of the financial sector in the local stock exchange has fluctuated, Indonesia Stock Exchange (IDX) statistics show.
The Health Ministry Research and Development Agency (Balitbangkes) has issued a circular letter instructing doctors involved in the global clinical Solidarity Trial to suspend the use of hydroxychloroquine for COVID-19 patients over safety concerns.Twenty-two hospitals in the country have joined the program, led by the World Health Organization (WHO), to run clinical trials on several antiviral treatments to measure their effectiveness, including remdesivir, lopinavir/ritonavir, lopinavir/ritonavir plus interferon and hydroxychloroquine. According to a Balitbangkes letter addressed to the Indonesian Solidarity Trial research team dated May 26, a copy of which was obtained by The Jakarta Post, “hydroxychloroquine randomization for new subjects is suspended”.The agency wrote that new patients should not be treated with hydroxychloroquine but that patients who had been treated with hydroxychloroquine should continue the treatment under the monitoring, with special attention to the medicine’s side effects on the cardiovascular system.”[The circular] is only for those involved in the trial. For those who aren’t, it’s fine to continue the current treatment,” Balitbangkes chairman Abdul Kadir said on Friday.Read also: WHO suspends trials of hydroxychloroquine as virus treatment The Indonesian Society of Respirology (PDPI) called on doctors involved in the study to stop treating patients with hydroxychloroquine on Thursday. However, doctors not involved in the study could continue to follow the COVID-19 management protocol compiled by the PDPI with four other professional organizations until they issued a new one.The letter, signed by PDPI chairman Agus Dwi Susanto, also asked doctors to evaluate the condition of patients who had been taking hydroxychloroquine and report the results to the organization for consideration in a potential revision to the protocol.A copy of the protocol obtained by the Post suggests the use of several drugs for COVID-19 treatment, including antimalarials chloroquine phosphate and hydroxychloroquine, antiviral oseltamivir (Tamiflu), which has been used to treat bird flu, and experimental antiviral favipiravir (Avigan), which has been used to treat Ebola patients.The protocol suggested doctors use the antimalarials to treat patients with mild to severe symptoms within different ranges of time.Experts are still divided over what medication should be used to treat COVID-19. They have warned doctors to be very cautious when prescribing chloroquine phosphate and hydroxychloroquine and to only use it in severe cases as the side effects may include ruptured blood vessels and heart attacks.University of Indonesia epidemiologist Pandu Riono suggested the government completely suspend chloroquine treatment.“Due to the safety concerns, the government should suspend the use of chloroquine and audit all the COVID-19 deaths,” he said.Read also: ‘No benefit’ in hydroxychloroquine virus treatment: Two studiesPresident Joko “Jokowi” Widodo said in March that doctors could use hydroxychloroquine only if they considered it necessary to treat COVID-19 patients. Millions of chloroquine doses had been produced in the country by state-owned pharmaceutical company PT Kimia Farma.The medicine was easy to find in Papua, where malaria remains a problem. It was later discovered that the drug was being widely sold on e-commerce platforms in the country.The State-Owned Enterprises (SOE) Ministry said it would wait for the Health Ministry’s recommendation about the drug before choosing to limit distribution.”It is widely used in many hospitals. If the Health Ministry says they should stop, we will withdraw the medicine,” SOE Ministry spokesperson Arya Sinulingga said.Topics :
Topics : “The Chicago Marathon is our city’s beloved annual celebration of more than 45,000 runners, as well as tens of thousands of volunteers, spectators and city residents,” Chicago Mayor Lori Lightfoot said.”Like all Chicagoans, I’m personally disappointed that this year’s event won’t take place as originally planned; however, we look forward to welcoming all runners and their cheering squads once again when the Chicago Marathon returns to our city in full force for another very exciting race.”Race director Carey Pinkowski said the decision had been taken with the safety of participants and volunteers in mind.”We understand the disappointment, but when we return to the streets of Chicago, it will be a celebratory moment and an uncompromising statement about the collective spirit of who we are as a running community: We are powerful, we are persistent, and we will reach the finish line again,” Pinkowski said. The Chicago Marathon became the latest major marathon to fall victim to the coronavirus on Monday as organizers confirmed cancellation of the race for only the second time in its history.The decision had been largely expected, with several other major marathons around the world already suffering the same fate because of the pandemic.The 43rd edition of the race was due to take place on October 11, with an estimated field of around 45,000 runners and wheelchair athletes. Chicago is one of the world’s six Major marathons along with races in Tokyo, Boston, London, Berlin and New York.The Chicago race was last cancelled in 1987 after a loss of sponsorship.Tokyo went ahead in March with only elite and wheelchair athletes taking part, while Boston was due to take place in April but was then rescheduled for September before eventually being cancelled altogether.Both Berlin and New York were also cancelled, leaving London — which was moved from April 26 to October 4 — as the last marathon race standing.
In the defensively invested portfolios with an equity allocation below 16%, the largest pension fund VBV had the best performance.The spread between the best and the worst performers per category was greatest in the dynamically managed (highest risk) portfolios, at almost 400 basis points.Overall, the 16 Austrian Pensionskassen returned 5.14% on average for 2013.Mercer’s figures confirmed those released earlier by the Austrian pension fund association FVPK. Owing to the very fragmented portfolios of Austrian multi-employer Pensionskassen, which have to offer each company with more than 1,000 employees its own risk/return portfolio, the overall average performance only has limited representative value, Mercer said.Instead, the consultancy looked at only the 26 risk/return portfolios – out of more than 100 in total – that are open to new entrants and found that those returned 5.2% on average, which is above the market average.As for severance pay funds, or Vorsorgekassen, Mercer also noted a wide spread in returns, with the average return at 2.8%.All Vorsorgekassen had an equity allocation well below the 16% threshold. The worst-performing Vorsorgekasse, which was not named by Mercer, returned only 0.78% over the period, while Bonus performed best at 4.06%.In total, the 10 Vorsorgekassen are now managing €6.2bn in assets. Austrian multi-employer pension funds returned 5.3% in 2013, while company pension funds managed a 3.91% return, according to estimates from Mercer.The consultancy said the “decisive lever” for multi-employer schemes’ outperformance was their equity allocations, which stood at 28.23% on average in company pension funds and 36.71% in multi-employer funds.Looking at the various risk portfolios Austrian Pensionskassen can offer under the new pension fund law – with not all pension funds offering every risk level – Mercer found Allianz was the best performer overall.The Allianz Pensionskasse outperformed the other five multi-employer funds in all categories – conservative, balanced, active and dynamic – but one.
Share 26 Views no discussions A run of poor sleep can have a potentially profound effect on the internal workings of the human body, say UK researchers.The activity of hundreds of genes was altered when people’s sleep was cut to less than six hours a day for a week.Writing in the journal PNAS, the researchers said the results helped explain how poor sleep damaged health.Heart disease, diabetes, obesity and poor brain function have all been linked to substandard sleep.What missing hours in bed actually does to alter health, however, is unknown.So researchers at the University of Surrey analysed the blood of 26 people after they had had plenty of sleep, up to 10 hours each night for a week, and compared the results with samples after a week of fewer than six hours a night. More than 700 genes were altered by the shift. Each contains the instructions for building a protein, so those that became more active produced more proteins – changing the chemistry of the body.Meanwhile the natural body clock was disturbed – some genes naturally wax and wane in activity through the day, but this effect was dulled by sleep deprivation.Prof Colin Smith, from the University of Surrey, told the BBC: “There was quite a dramatic change in activity in many different kinds of genes.” Areas such as the immune system and how the body responds to damage and stress were affected.Prof Smith added: “Clearly sleep is critical to rebuilding the body and maintaining a functional state, all kinds of damage appear to occur – hinting at what may lead to ill health. “If we can’t actually replenish and replace new cells, then that’s going to lead to degenerative diseases.”He said many people may be even more sleep deprived in their daily lives than those in the study – suggesting these changes may be common.Dr Akhilesh Reddy, a specialist in the body clock at the University of Cambridge, said the study was “interesting”. He said the key findings were the effects on inflammation and the immune system as it was possible to see a link between those effects and health problems such as diabetes.The findings also tie into research attempting to do away with sleep, such as by finding a drug that could eliminate the effects of sleep deprivation. Dr Reddy said: “We don’t know what the switch is that causes all these changes, but theoretically if you could switch it on or off, you might be able to get away without sleep.“But my feeling is that sleep is fundamentally important to regenerating all cells.”By James GallagherBBC News Share Share Tweet HealthLifestyle Bad sleep ‘dramatically’ alters body by: – February 26, 2013 Sharing is caring!
The 33-year-old is out of contract this summer following eight years at Stamford Bridge. The left-back, who retired from international football after being left out of England’s World Cup squad, said on Twitter: “I am weighing up my options for playing next season with my agent and sadly it does not look like chelsea will be one of them. Ashley Cole has announced he is set to leave Chelsea. “Thank u Chelsea FC for making my 8 years there a pleasure to work all the staff and players, we’ve been through a lot, good and bad. “And of course the fans, how do I start, I can only say thank u for giving the boys confidence to win some amazing trophies, and once again. “And this tweet is to the FANS that have stood (sic) buy me through thick and thin, I will always have u in my hearts, #cfcfans. “And now I’ll be looking for another journey in my life hope it can be like my others full of fun and of course WIN something.” Cole was kept out of the side by Cesar Azpilicueta for much of last season, making just 17 Barclays Premier League appearances, his lowest total in a single campaign for the club. He was in tears after the final home game of the season, which now looks certain to have been his Stamford Bridge farewell. The former Arsenal man was one of a trio of experienced players whose deals were up in the summer, along with Frank Lampard and John Terry, but captain Terry has since signed a one-year extension. The future of Lampard, who will be 36 next month, is still undecided, with the midfielder’s immediate focus on England and the World Cup. Read More Defender Cole, who won 107 caps for England, will not be short of suitors, despite being in the final years of his career. Since his move across London from Arsenal in 2006, he has won one league title, four FA Cups, the Europa League and, most memorably, the Champions League with the Blues. Cole, whose contract expires on June 30, has removed “Chelsea and England left-back” from his Twitter biography. 10 times Ashley Cole hit the headlines for all the wrong reasons Press Association
LAGOS CITY MARATHONThe General Manager for the Access Bank Lagos City Marathon, Yussuf Alli, yesterday said that the management has not changed their stance on the earlier announced registration fees for interested participants for the 2020 edition.Alli stated that the N5, 000 registration fee for Nigerian runners and 100 USD for foreigners are still very much in place and he advised everyone yet to register to do so before the window closes. He explained that the introduction of the registration fees is in compliance with the World Athletics (formerly IAAF) and AIMS requirements for label marathons.The Access Bank Lagos City Marathon has moved up from a Bronze Label Race to a Silver Label.“Nobody has scrapped the registration fees for 2020 Lagos Marathon, one of the primary requirements for us as a Silver Label Race is that participants must pay to be part of our race and we will be adhering fully to that “ Alli noted.The General Manager for the Access Bank Lagos City Marathon however, explained the Lagos State Government out of her magnanimity as well as some of the sponsors have bought registration forms in large quantities to be distributed to those they so desire to give to.“It is quite interesting for us, for now, the Lagos State Government have bought 20,000 forms, Access Bank 10,000, Revolution Plus and 7Up have bought 5,000 forms that they would all be distributed to their people of choices but for others, they would need to pay for the forms themselves” the former Africa Record holder in Long Jump stated.Apart from the registration fee, Ali confirmed that several innovations have been put in place for the 2020 race; including the use of spy camera at every 5 km as well as the use of more transponders.While the prize monies are unchanged for the 2020 Access Bank Lagos City Marathon, it was gathered that huge bonuses have been set aside for world-class performances.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
Facebook Twitter Google+ Heavy green curtains keep players locked onto the fast PlexiPave courts. Visiting opponents’ shots are altered or altogether ruined by the barrier. Rackets are thrown, curses are muttered and matches are won, usually by Syracuse.Drumlins Tennis Club is an unusual place on match days. Fans shout, their children scream and more often than not, Monster, the hyper-friendly team dog, can be found bounding about in the club lobby.And then there’s the court. Syracuse’s pressing, in-your-face squad enjoys a distinct home-court advantage because of those curtains.But SU’s home schedule is complete. The team will venture outside for the first time since a Jan. 14 loss at South Florida as it closes out its regular season with away matches at Georgetown and Seton Hall. Syracuse has two weeks off until its April 13 match with the Hoyas, so the Orange has time to adjust its play.‘Everything kind of slows things down. The court is even bigger, so we’ve got to play more of a balanced attack,’ head coach Luke Jensen said. ‘We still want to play to our identity, but we have to be more balanced, more patient.’AdvertisementThis is placeholder textBefore losing to then-No. 59 William & Mary, No. 52 SU (12-4, 5-1 Big East) was undefeated in 25 straight home matches. Jensen considers his team an indoor team. And though most of his team grew up playing outside, the change is significant as the Orange looks to keep control of its postseason fate in the last two matches of the regular season.The more open, weather-affected play of outdoor tennis favors the traditional baseliners that dominate the college game while punishing the inconsistencies that have disrupted SU’s ground strokes at times this season. Five to six extra shots are required in outdoor play, Jensen said, a test of patience for a team that is often seen sprinting toward the net to close out points.Yet with the Syracuse weather being harsh on sore muscles and sick players, the adjustment phase is a balancing act.‘Our No. 1 thing right now is to make sure that no one pulls a muscle, no one gets sick. We’ve got a lot of time before Georgetown and a lot of time before Seton Hall,’ Jensen said.Aleah Marrow is still recovering from the illness that kept her out of Sunday’s singles matches, and Breanna Bachini sat out practice with a muscle strain. Though it was sunny with clear skies Tuesday afternoon, Jensen kept his young team inside.Most players require ice after matches at this point in the season. But Jimena Wu and Bachini were iced down before Friday’s match. This is typical of a younger team, Jensen said.‘They should be taped up all the time, those freshmen are crazy,’ Jensen said. ‘… They’ve never played this much in their life, never competed this much. They’ve played tournaments before, but the emotional ride, the physical toll from the practices and everything is starting to wear down.’The break-in match play gives his staff a chance to monitor his players before a must-win road trip and crucial Big East tournament, both to be played outside.SU’s next opponent lacks such a luxury. Georgetown is scheduled to play seven matches in 14 days before hosting the Orange.Though the Hoyas, Seton Hall and Big East tournament host and co-favorite South Florida have the advantage of playing outside more regularly, SU’s superior athleticism promises to help in the prematch adjustments.Amanda Rodgers and Jimena Wu are exceptions to the rule of the Orange preferring an indoor arena. Wu registered her first singles win against Boston University on Sunday while Rodgers is closing in on the team’s record for singles wins in a season.‘I was always taught to just kind of rally the ball, and if you get your shot, then go for it,’ Rodgers said.The adjustment also is not nearly as daunting to Wu, who grew up playing on slower outdoor clay courts. For her, the adjustment from outdoor to indoor courts is harder than going from indoor to outdoor, she said.Yet as the rest of the Orange ventures outside the friendly confines of Drumlins, there will be no green curtain backing them up. Instead, SU will be doing the adjusting.‘You’ve got to be more patient in your rallies, in your approach, and to be honest, it’s just getting outside and getting used to reading the conditions,’ Jensen said. ‘Where’s the sun, where’s the wind coming from? Those little types of nuances that we’ve always had to adjust for.’firstname.lastname@example.org Comments Published on March 27, 2012 at 12:00 pm Contact Jacob: email@example.com | @Jacob_Klinger_
Published on April 6, 2013 at 10:16 am Contact Dylan: firstname.lastname@example.org | @dylan_segelbaum ATLANTA — Though he was wearing a bright yellow Wichita State Shockers shirt, Blake Baraban graduated from the University of Kansas.He entered into a lottery for Final Four tickets last year when the Jayhawks went to the national championship game, expecting another deep run in the NCAA Tournament.“There really aren’t any Wichita State fans,” Baraban joked.“No, there is,” Katie Schippers, who was with Baraban, snapped back at him.In Centennial Olympic Park, it appeared as though there were plenty of Wichita State fans who made the trip down to Atlanta for the No. 9 seed Shockers’ first Final Four appearance since 1965. The Shockers take on Louisville at 6:09 p.m. Saturday in the Georgia Dome in its second-ever trip to the national semifinal.AdvertisementThis is placeholder textWichita State fans who traveled down to the game harped on the excitement the team has created back in Kansas, as well as the passion the city of Wichita, Kan., has for basketball.David and Patsy May, who both live in Wichita, made the decision to go to Atlanta as soon as they saw the university was offering a travel package down to Atlanta.“We came home from church on Sunday, we saw the deal, and we said, ‘Let’s go,’” David May said. The packages sold out in four hours, he said.Though neither attended Wichita State, two of their children did, he said. David May also teaches dentistry at the university, and said both he and Patsy May are season ticket holders who love the team.Basketball is huge in Wichita, much like the state of Kansas, said Sandi McInteer, a Shockers fan who traveled down to Atlanta with eight friends from Wichita.Every place is selling T-shirts, there’s cupcakes with the Shockers logo on them, and almost every news story is about the team, she said. The city’s newspaper, The Wichita Eagle, is planning a 56-page insert about the team, McInteer said.“Anytime they get this far, it feels pretty good,” she said.With Kansas and Kansas State, Wichita State is “always like the third stepsister,” McInteer said, though the rest of the state is getting behind the Shockers. McInteer pulled up a picture on her iPhone of the KU Jayhawk wearing a Shockers’ shirt and hat — an image that’s been circulating online back in Kansas.Ron Horton attended Wichita State on a football scholarship and traveled down to the city with two other alumni from his Class of 1979.Horton said he wasn’t surprised the Shockers have made it to Atlanta. He talked about how it has been a while since the team has made it this far in the NCAA Tournament, which was part of the reason why it’s important to come out to see the team play, Horton said.“I think it’s a duty of all alumni to come out and support their team,” Horton said. “Especially when they make it here to a Final Four event.” Comments Facebook Twitter Google+
Facebook Twitter Google+ Still burdened with a bulky brace on his right leg, Baye Moussa Keita made his return to the court Wednesday against Boston College.His comeback was overshadowed by No. 1 Syracuse’s 62-59 overtime loss to the Eagles — he only played two minutes, anyway — but Jim Boeheim saw some progress in the senior center.“I wanted to see him,” the Orange’s head coach said. “He was OK in practice yesterday. He’s fine health-wise, but he’s not moving quite the way he needs to to be effective.”Keita didn’t post a single statistic in his two minutes played, but his return to the court after a two-game absence due to a right knee sprain was a welcoming sight for SU fans.Syracuse still went with Jerami Grant in the middle of the zone for about four minutes, but Keita gives the Orange another option in the post moving forward. Rakeem Christmas has played at least 35 minutes in each of the last three games after playing more than 30 minutes just three times all year before Keita’s injury.AdvertisementThis is placeholder text“I missed the game,” Keita said. “It was good to get out there and start getting some runs in.”Keita still apparently favored his left leg and was clearly still slowed by his knee injury and that hefty brace.He wasn’t upset about spending so much time on the bench. He called it Boeheim’s decision.“If he wants me to play and calls my name, I’ll be ready to play,” the center said.Until Boeheim wants to see more of him, Wednesday served as just a tune-up. SU has three days before its next game, but it’s one in which Syracuse could use all the bodies it has. No. 5 Duke plays at a fast pace and Boeheim hopes that Keita will be ready for it.“He’s getting better,” Boeheim said, “hopefully by Saturday he’ll be better.” Comments Published on February 20, 2014 at 1:14 am Contact David: email@example.com | @DBWilson2