Landlords race to wire up European space

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Danareksa expects equity fundraising, opportunities for recovery next year

first_imgGlobal and domestic pharmaceutical firms are currently working toward developing a vaccine for the coronavirus, which is expected to be ready for commercial use in 2021.Due to slower-than-expected budget disbursement caused in part by red tape, the Indonesian government will accelerate healthcare spending, including disbursing incentives to medical workers, by allowing regions to verify and directly decide who will receive incentives.The government has earmarked Rp 87.55 trillion (US$5.9 billion) from the state budget to strengthen the healthcare system, including Rp 65.8 trillion for COVID-19 management.The Jakarta Composite Index (JCI), the Indonesia Stock Exchange’s (IDX) main gauge, has lost 19.82 percent of its value so far this year following a global stock market crash in March caused by investors’ concerns over the pandemic’s impacts on the global economy.  Brokerage firm PT Danareksa Sekuritas has suggested that there is a huge potential for equity fundraising next year as it projects the economy to start recovering from the pandemic.Investment banking director Boumediene Sihombing said on July 16 that the firm expected the equity market to recover given that there were concerted efforts to battle the pandemic.“There are opportunities for recovery in the development of vaccines and expedited health budget realization,” he said during a webinar. Topics :center_img According to market player projections, the JCI will likely end the year at between 5,000 and 5,500, a wide range that shows how difficult it has been to predict market movements as pandemic-related risks will likely continue to create volatility.The government expects the economy to shrink 0.4 percent this year under a worst-case scenario or grow 1 percent in a best-case scenario, with the economy tipped to contract 3.8 percent in the second quarter. It expects growth of between 4.5 percent and 5.5 percent next year.Boumediene is also upbeat on the market’s prospects for initial public offerings (IPOs) in the second half of the year.He said companies that were engaged in the poultry, media, consumer, telecommunications and tower provider sectors could potentially enter the equity market earlier than companies in other sectors.“They could gain an advantage by entering the market earlier than companies from other sectors because they still have good prospects due to their minimal exposure to the pandemic’s impact,” he said. In regard to IPOs, the surge of new investors entering the bourse following the stock market crash in March is also expected to boost the market, according to Boumediene.The number of single investor identification (SID) numbers rose to 1.2 million as of May 29 from 1.11 million at the end of 2019, according to IDX data.“This proves that companies shouldn’t be worried about whether or not their IPOs will be absorbed by the market or not,” IDX assessment director I Gede Nyoman Yetna said during the webinar.Given these conditions, he suggested that companies with their sights on an IPO start preparing themselves for the opportunity to seek funding in the country’s equity market.The bourse saw 28 IPOs launch up until June, the most among exchanges in Southeast Asia, according to consulting firm McKinsey & Co.last_img read more

Virgin Australia closes budget offshoot, fires 3,000 staff

first_imgIt would also continue the suspension of long-haul international flights and retire part of its fleet, with the country’s borders likely to remain restricted into 2021.”Demand for domestic and short-haul international travel is likely to take at least three years to return to pre-COVID-10 levels, with the real chance it could be longer,” Virgin Australia CEO Paul Scurrah said in the statement.”As a business we must make changes to ensure the Virgin Australia Group is successful in this new world,” he added.United States private equity giant Bain Capital was successful in its takeover bid for Virgin Australia in late June. The deal is subject to regulatory approval and is due to be completed this month.The global aviation industry is facing its biggest crisis to date, with numerous big-name carriers seeking billions of dollars to stop them from going under, while others have gone out of business.Before the pandemic, the airline had struggled for years against larger carrier Qantas, which would have enjoyed a virtual monopoly if Virgin went out of business.Scurrah predicted that even if travel recovers to pre-pandemic levels, successful airlines will “look very different” to the way they did previously, requiring long-term capital and a lower cost base.Topics : Pandemic-struck airline Virgin Australia announced Wednesday it would close budget subsidiary Tigerair Australia and lay off 3,000 staff as it prepares to relaunch under new owners.The carrier is attempting to revive its fortunes following its decision to go into voluntary administration in April shortly after Australia closed its international borders and domestic travel plunged.Virgin Australia said in an announcement to the Australian Securities Exchange on Wednesday that it would axe its budget Tigerair Australia brand and 3,000 jobs while retaining 6,000 staff.last_img read more

Abyssal Wins Van Oord Innovation Challenge

first_imgPortuguese start-up Abyssal has claimed the first prize of the Van Oord Innovation Challenge as part of the quest for new partnerships. Out of more than one hundred submissions, the Dutch offshore contractor nominated 8 participants to the final round.Abyssal specialises in the visualisation and remote control of subsea operations using sensor data to deliver real-time 3D virtual overviews of the entire subsea environment.The will be granted an exclusive, one-year partnership contract with Van Oord.The contract should help the start-up take its business plan to the next level.Together with Van Oord, Abyssal will deploy its product in offshore projects to improve the safety and efficiency of subsea operations and help Van Oord to become a data-driven company.Luis Almeida, Technology Manager at Abyssal, said: “Abyssal is honoured and keen to start this collaboration journey with Van Oord. We share the same commitment to achieving a sustainable future using digital technologies and we are very glad to be doing it side by side with a company that brings 150 years of entrepreneurship and perseverance to the table.”last_img read more

Mrs. Joy (Napier) Hazeldean

first_imgMrs. Joy (Napier) Hazeldean, age 88, of Vevay, Indiana, entered this life on October 6, 1929, in Rising Sun, Indiana, the loving daughter of the late, Walter and Ethel (Kilburn) Napier. At the young age of nine, Joy’s mother passed away. Joy moved in with her uncle and aunt, Bill and Abby Detmer in Rising Sun, Indiana. She was raised in Rising Sun, Indiana where she attended high school. Joy was united in marriage on February 12, 1947, at the First Reform Church in Rising Sun, Indiana, to Eldric Edward Hazeldean and to this union arrived three sons, Eddie, Howard and Jerry and a daughter, Mary Lou to bless their home. Joy and Eldric shared 68 loving years of marriage together until Eldric passed away on August 5, 2015. Joy was a member of the Markland Baptist Church in Markland, Indiana. After moving to Madison, Indiana in August 2011, Joy and Eldric attended the North Madison Baptist Church. After the passing of her husband, Joy moved back to the Switzerland County community to be closer to her children where she resided until her passing. Joy was a wonderful homemaker and enjoyed cooking and caring for her children. Joy passed away at 3:10 pm, Sunday, January 14, 2018, at the King’s Daughters’ Hospital in Madison, Indiana.Joy will be missed by her sons, William “Eddie” Hazeldean of Midlothian, TX and Eldric Howard Hazeldean and his wife: Julia of Vevay, IN; her daughter, Mary Lou Griffin and her husband: Ronnie of Pleasant, IN; her daughter-in-law, Janice Hazeldean of Vevay, IN; her grandchildren, Kelli Brockman and her husband: Donald of Vevay, IN, Kevin Scudder and his wife: Jill of Convoy, OH, Abbye Hazeldean of Dallas, TX, Joshua Hazeldean and his wife: Megan of Kaneohe, HI and Jillian Hazeldean of San Diego, CA; her great-grandchildren, Bryant, Briann, Carter and Sophie; her step-great-grandchildren, Liliana and Abbigail Dietrich; her sister-in-law, Mildred Schuster of Battle Creek, MI and her several nieces and nephews.She was preceded in death by her parents, Walter and Ethel (Kilburn) Napier; her uncle and aunt that raised her since the age of 9, Bill and Abby Detmer; her son, Jerome Lee “Jerry” Hazeldean, died July 20, 2011; her daughter-in-law, Elaine Hazeldean, died November 10, 2017; her granddaughter, Kimberly Ann Hazeldean, died July 11, 1982; her sister, Blanche Bennett, died July 18, 2015 and her sister-in-law, Evelyn Felker, died September 6, 2014.Funeral services will be conducted Saturday, January 20, 2018, at 11:00 am, by Pastor Bobby Brundige Jr. at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Interment will follow in the Vevay Cemetery, Vevay, Indiana.Friends may call 5:00 pm – 8:00 pm, Friday, January 19, 2018, at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Memorial contributions may be made to Markland Baptist Church. Cards are available at the funeral home.last_img read more

Norton leads wire to wire to open Shamrock Showcase

first_imgBy Tony SteelePEORIA, Ariz. (March 17) – Guy Norton rebounded from a rough winter season to take home a victory, leading from the drop of the green in the IMCA Modified feature Friday at Canyon Speedway Park’s Shamrock Showcase.After a rough outing one week ago, the division stepped up with the show of the year so far in 2017 at CSP. An early spin in turn three on the first lap of the main event involving Austin Kuehl took out a couple strong cars, including Mike Strobl and Bryson Curry.Once the green flag was displayed a second time, we would see no more cautions as the Modifieds went green to checkers to finish the race. Norton started up front and led all 25 laps en route to a dominating victory.The story of the night may lie with Norton, but the show was the race-long battle for second place with Jason Noll fighting with John Parmeley. Eventually, Chaz Baca joined the battle for a handful of laps before coming away with second. Noll won out in his fight with Parmeley, taking home third place honors while Bubba Stafford made a pass on Parmeley during the last lap to take fourth.J.C. Parmeley held off a hard charging Jason George to get his first points win of the year, and second overall at Canyon in the Karl Chevrolet Northern SportMods. Aaron Spangler ended the winning streak of point leader George Fronsman in the IMCA Sunoco Stock Cars and Bradley Stafford took home the IMCA Sunoco Hobby Stock win with a last-lap pass of Joe Petersonlast_img read more

Martinez seeks to ‘bridge the gap’

first_img On Sunday Everton kick off that spell at home to Tottenham, one of just four clubs currently above them who they will face in the 14 matches until the end of January – although they do play Liverpool twice and go to Manchester United, who are four points behind them. “In any season you want to be in a strong position in the final third of the season,” said Martinez. “We have been very pleased with the start of the season and the way the squad is shaping up, now it is a matter of getting through the middle third of the campaign and seeing where that takes us. “It is in our DNA to win trophies and leagues and we need to use that to our advantage. “You always work towards that. How long is it going to take? It could be a season, but remember that there is a huge difference between us and the group of teams working at a certain financial level. “But I always believe in football it is not always about finances. You just need the time to bridge that gap you have. “We are not financially fighting with the clubs who are spending to win the league or get into the Champions League but I believe with the characters we have at the club we can challenge that but it will take time to bridge the gap.” As the Toffees have not been – and will not be – able to compete on the same financial footing as the top-flight’s big six, Martinez knows he must find other ways. An encouraging start to the season has seen the Toffees take 19 points from nine matches to sit sixth in the table ahead of the weekend’s games and still within striking distance of the top. No-one is suggesting the Spaniard’s side are capable of mounting a title challenge but Martinez believes if they can stay in touch with the top four into the new year it gives them a chance of bridging the gap. Everton manager Roberto Martinez believes if his side can negotiate the next three months without too many mishaps they will be in a good position to challenge the Premier League’s big spenders. He believes it can be achieved with a solid club structure, sound footballing philosophy and the development of youth. “It can be done but you need time, you need to be patient and brave as a club and give opportunities to youngsters,” he added. “That takes composure to be able to see a player growing and allow him to give you that extra edge. “When you spend the money you don’t have to see the player developing, you can see his full potential. “We are working well with the youngsters and the recruitment on that side. “I am proud of the players we have here and we should aim high and be as good as we can be in that middle third.” Martinez does not believe his side have fully reached their optimum level yet but thinks that is more about putting together consistent results than the way they are playing. “I don’t think we have fulfilled our potential yet,” said the Spaniard. “We are getting stronger with a clearer understanding of what we want to do and it is about how far we can go and how quickly we can fulfil our potential, which I believe is huge. “We have new players in the team and we have certain aspects of our play we want to do in a different manner that is going to take a little bit of time. “We have that competitive edge, we have a team who can compete against anyone, but when you are trying to implement certain football concepts you need to practise and master them and that takes time and that is where we are. “One thing is the way we want to play, the style, the philosophy and we are there; the other thing is being extremely good at it and that is where you need to keep working hard and anticipating things before you see them. “That is where being together for a long time allows you to be stronger.” Press Associationlast_img read more

UW keeps Gophers Axe-less

first_imgJEFF SCHORFHEIDE/Herald photoBret Bielema called it a “crazy game.” Those familiar with the Wisconsin-Minnesota rivalry — the most-played matchup in all of FBS college football — should have expected nothing less.Sparked by a pair of fourth-quarter safeties in the span of 2:29, the Badgers (6-5, 3-5 Big Ten) were able to overcome three first-half turnovers and a 14-point deficit to beat the visiting Golden Gophers (7-4, 3-4 Big Ten) 35-32. They were able to keep Paul Bunyan’s Axe in Madison for the fifth straight season.“It doesn’t matter what the [records are], it’s always a close came [against Minnesota],” junior quarterback Dustin Sherer said. “We knew it was going to be [close]. We got down with three turnovers but came back and played well.”Down 24-17 in the fourth quarter, Sherer piloted a 75-yard touchdown drive, culminating in a 1-yard P.J. Hill touchdown run, his second of the quarter. Hill’s score came one play after Isaac Anderson’s 39-yard reception was initially called a touchdown, but was overturned after review.“Man, I thought I had my first [career touchdown], but it was good to make the play and get us down there in a position to score, so that was the main thing,” Anderson said.The junior finished with a career-high 114 yards on six catches.On the ensuing kickoff, Wisconsin’s Antonio Fenelus forced a Troy Stoudermire fumble. Devin Smith had a chance to recover the ball for a touchdown, but it squirted away from him and out of the end zone for a safety.“I thought we had a chance get on that ball in the end zone to get seven points instead of two, but that’s just a head coach being greedy,” Bielema said.After a Brad Nortman punt was downed on the Minnesota 7-yard line, senior tackle Mike Newkirk had a pair of Adam Weber sacks, the second of which was in the end zone for another Wisconsin safety, giving the Badgers a four-point lead.“[Newkirk] getting that sack, that was a big play, especially as a senior,” defensive end O’Brien Schofield said. “I was very proud of him.”“I knew I had to make a play,” Newkirk added. “I actually broke my responsibility in the defense. I felt that the center overset me. I fought back across his face, but all the credit goes to the defensive ends. [Weber] tried to get away, but he had nowhere to go but right at me.”Freshman running back John Clay added a 5-yard touchdown to extend the Wisconsin lead to 35-24. The Gophers cut the deficit to three points after a Shady Salamon 13-yard touchdown reception and two-point conversion, but a Niles Brinkley interception on Minnesota’s final drive sealed the victory for the Badgers.“It’s four quarters of football, and we knew it wasn’t going to be over early,” Schofield said. “We weren’t going to give up on the ax that easy. It was really vital that everybody executed and paid attention to detail in the second half.”As impressive as Wisconsin’s second half was, its first two quarters were equally as sloppy. The Badgers scored on their first possession of the game on a fourth-down connection from Sherer to tight end Garrett Graham from the 2-yard line. But during the next 27 minutes of football, the Gophers outscored the Badgers 21-0.Weber accounted for all three Minnesota touchdowns during that span, including a 43-yard strike to a wide-open Brodrick Smith. Weber torched the Wisconsin secondary for 116 yards in the first half, but was limited to just six yards in the third quarter, when the game really started to turn around.“The biggest thing about being a [defensive back] is having short-term memory, and that’s what we did,” safety Chris Maragos said. “We went out there and we were confident and we executed when we needed to.”Hill and Clay each had drive-killing, first-half fumbles that contributed to the 21-7 halftime deficit. But despite a disappointing start, the Badgers remained calm in the locker room.“There was no sense of panic,” Hill said. “It’s four quarters of football. It went their way in the first half and it went our way in the second half. All phases of [our] game were playing very well.”The third Wisconsin first-half turnover came late in the second quarter, when Kyle Jefferson was hit by Minnesota linebacker Simoni Lawrence over the middle. Jefferson was unconscious when the UW medical staff reached him. He left the game in an ambulance, but was able move his limbs and speak by the time he was leaving the field.“Tests have come back negative for anything they were concerned about,” Bielema said.Sherer led the Badgers down the field on the first possession of the second half. Freshman Philip Welch hit a 47-yard field goal to cut the Gopher lead to 21-10. Sherer had 84 of his 242 passing yards and Hill had 64 of his 117 total rushing yards in the 14-point third-quarter. It was Hill’s third straight 100-yard effort.“The guys up front, they did a good job opening up a lot holes,” Hill said. “I tell them, ‘You do your job and just let me go to work,’ and that’s what it turned out to be.”With the win the Badgers become bowl-eligible with only one game remaining on their schedule. But more importantly, the ax will remain at home for one more year.“We had the ax in our possession; we knew they wanted it, but we weren’t going to let it happen,” Hill said.“It’s exciting for us,” Sherer added. “We’ve got to finish our business next week, and then we’ll see what happens.”last_img read more

Gary Gait appointed as interim commissioner of United Women’s Lacrosse League

first_img Published on January 24, 2017 at 11:19 am Contact Matt: Facebook Twitter Google+ Syracuse women’s lacrosse head coach Gary Gait was named the interim commissioner of the United Women’s Lacrosse League (UWLX) on Tuesday morning. Gait was appointed after the league’s first commissioner, Michele DeJuliis, stepped down on Dec. 22 after only one year leading the charge.“I am thrilled to be a part of this startup women’s professional sports league, UWLX,” Gait told the league in a statement. “I believe in their mission to provide the opportunity for female athletes to continue to play lacrosse at the elite level after college.”The four-team league is the first semi-professional post-collegiate women’s lacrosse league, and it capped off its inaugural season this past year. Eight former Syracuse players appeared on opening day rosters.Gait will remain at the helm for the Orange, as he enters his 10th season as the head coach of the program. During those 10 years, he led Syracuse to a record of 150-48, including seven Final Four appearances, three conference titles and a national championship appearance. Comments AdvertisementThis is placeholder textlast_img read more

Michalicka coming to grips with the end

first_imgAs the school year comes to an end, seniors begin to look back at their time in Madison. Among those graduating this spring will be Marek Michalicka, the lone senior on the UW men’s tennis team, whose collegiate career may have just come to a close.As Wisconsin played host to the Big Ten Tournament, Michalicka was able to play potentially his final match at home.But Minnesota’s Tobias Wernet proved to be a difficult opponent, and Michalicka admitted he had trouble keeping his composure. “My mentality was off; it was hard to stay focused during the big points,” Michalicka said. “Especially when it was 5-1 and I was serving and I gave him the break then couldn’t break back. Staying focused during those big points is always hard.”Unfortunately for the Badgers, Michalicka wasn’t the only one who struggled with No. 3 seed Minnesota, and they ended their season with a 4-0 loss. Seeming gloomy, it was obvious the always-smiling Michalicka was having a hard time coming to terms with reality.“You always think it might be the last match playing for the Badgers,” he said. “For me it was hard to try to stop those thoughts in doubles and singles. They kept distracting me while I was playing, hard to think that this might be it.”A Czech Republic native, Michalicka grew within the UW system and could not be more respected by his teammates and coaches.“It’s been great to coach him. Like I’ve said in the past, he’s one of those athletes that gives it his all no matter what area it is, whether he’s in the classroom, tennis court, conditioning or practicing. It’s been a pleasure to coach him, and I wish him the best. Hopefully he’ll make the NCAAs and have some more tennis left,” head coach Greg Van Emburgh said of his only senior.Ranked No. 57 in the nation for singles play, Michalicka was not only a role model on the court, but off as well. Being at the top of such a young team is not easy, but Michalicka made it seem so.“I think he’s been a great role model,” Van Emburgh said. “I don’t think I could ask for a better leader, captain, role model to have on the team. He gives it his all. It really matters; everything matters to him. It really hurts him today to lose, and I wish him the best. You couldn’t ask for a better leader.”So, with the Big Ten tournament over, what does the future look like for the Badgers?As far as NCAAs go, Van Emburgh doesn’t seem too confident, but he’s proud of how far his team has come.And what about the soon to be graduated, Marek Michalicka?“Well, it’s still open if I play NCAAs. If I won today I probably had a better chance to get in, but I didn’t so it’s not up to me now. I just have to wait,” Michalicka said. “After I graduate? I don’t know. I’ll probably go home, play some tournaments during the summer then maybe go back to school. See if I can get in a program and get my master’s.”Whether the NCAAs are within his future or not, Michalicka is proud of the legacy he’ll leave behind at Wisconsin.But saying goodbye won’t be easy.“I really enjoyed it. It’s been a lot of fun. If I had the choice again today I would choose the UW all over again,” Michalicka said. “When I’m back home I’ll definitely be thinking about Wisconsin.”last_img read more