Category «xpfpbdsdorqm»

On the right track?

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New Indonesian envoy to US vows to secure GSP extension, trade deal

first_imgHe vowed to ensure that Indonesia would continue to enjoy its trade perks under Washington’s Generalized System of Preferences (GSP), which provides designated countries with a competitive advantage over other nations.“I will push for and ensure that the GSP agreement will be extended,” Lutfi said after the swearing-in ceremony, according to a press statement.Since 2011, Indonesia has been one of 120 countries that have benefited from the US’ GSP program, the country’s oldest and largest trade preference program. It aims to promote economic development in beneficiary countries and territories by eliminating duties on thousands of products.Indonesia ranks third among countries that have benefited most from the program, with almost 15 percent of the country’s products exported to the US covered under the program. Indonesia’s newly appointed envoy to the United States, Muhammad Lutfi, has vowed to double down on the government’s economic diplomacy push to ensure the country retains its trade perks and commences negotiations of a limited trade deal with Washington.Lutfi, an economist by training, is set to fill the position at the Indonesian Embassy in Washington that has been left vacant for almost a year after the government recalled its last ambassador to spearhead President Joko “Jokowi” Widodo’s economy-heavy foreign policy priorities from Jakarta.As a former trade minister, he was the most prominent name among the 20 ambassadors-designate sworn in at Merdeka Palace on Monday. However, the US Trade Representative (USTR) is currently reviewing Indonesia’s eligibility for the program after it excluded Indonesia from its developing and least-developed countries list in February.While the government has insisted that the country’s upward mobility does not affect US’ preferential treatment, GSP beneficiary status is based on 15 criteria defined in a different statute, including reserving eligibility to middle-income and low-income countries as defined by the World Bank.In 2018, US President Donald Trump said his administration would review the GSP benefits provided to several developing countries, including Indonesia, with which the US has trade deficits.Jakarta has since tried to lobby the US in the hopes of retaining its trade privileges. India and Thailand both saw a loss of trade privileges with the US in October last year.In addition to securing the GSP benefits, the former head of the Investment Coordinating Board (BKPM) said he would also commence negotiations on a limited trade deal with Washington.“We will begin talks to negotiate a limited trade deal to exempt [export] products to the US that have duties below 5 percent without having to go through Congress. We will start the talks immediately because that is a priority issue,” Lutfi said.Lutfi, who previously served as Indonesia’s ambassador to Japan, said he would also make sure US businesses knew about the country’s improving investment climate.He said economic diplomacy with the US would be strengthened going forward, and that to sell its products, Indonesia must be willing to buy US products as well. “I want to ensure that US products can compete in the Indonesian market,” he said.Since Trump came to power, Indonesia has tread carefully as the mercurial US leader proceeded to upend his predecessor’s policies and ushered in what many observers have described as a more transactional approach to US diplomacy.With the US election looming, making the most of Indonesia’s relationship with the US has become an increasingly urgent matter for Jokowi, who has sought to attract investments from firms seeking to relocate their factories out of China.In addition to Lutfi, Jokowi also appointed on Monday several political figures without backgrounds in diplomacy to represent the country overseas, such as former Metro TV editor-in-chief Suryopratomo, who was appointed ambassador-designate to Singapore and Hildi Hamid, a former regent of North Kayong in West Kalimantan, who was appointed as the envoy to Azerbaijan.He also named Golkar Party politician Roem Kono as the ambassador-designate to Bosnia Herzegovina, Indonesian Solidarity Party (PSI) politician Mohamad Irzan Djohan as the envoy to Oman and Yemen, and Crescent Star Party (PBB) deputy chairman Sukmo Harsono as the envoy to Panama, Honduras, Costa Rica and Nicaragua.Topics :last_img read more

Greater Manchester appoints managers to £600m equity framework

first_imgThe fund said it would not place an upper limit on the lifetime of any mandate, adding that any award would be in place for at least three years, with a review of fees at the end of each three-year period.It is unknown which of the three managers have been appointed to manage the portfolio, or whether the framework agreement was meant as an internal exercise, or will be open to other local authorities.At the end of last March, GMPF managed £1.7bn of assets internally, with the remaining £10.8bn overseen by three external managers.UBS Global Asset Management was in charge £6.2bn in assets, nearly half the fund’s assets under management.Legal & General Investment Management had mandates worth £2.6bn, while Capital International was in charge of £1.9bn in mandates.The three managers have been in place since a review of the fund’s management arrangements during the 2000-01 financial year.In November, the fund also confirmed it would outsource the management of its direct property portfolio. Greater Manchester Pension Fund (GMPF) has appointed three managers to a global equity framework agreement potentially worth £600m (€753.5m), doubling the number of potential external managers.The local authority scheme – at £12.6bn, one of the UK’s largest – said last July it was hoping for applications from at least three managers, but it received expressions of interest from a total of 11 managers.The final framework, which has been in place since late last month, named Baillie Gifford, Franklin Templeton Investment Management and Investec Asset Management as three managers potentially eligible for the long-only active equity mandate.If the mandate is seeded, the managers will be expected to outperform the MSCI All Countries World index by 2-4% over a three-year period.last_img read more

Massive Gas field discovered off the coast of Egypt

first_imgEni has been in Egypt since 1954 through its subsidiary IEOC. It is the main hydrocarbon producer in Egypt, with a daily equity production of 200,000 barrels of oil equivalent, the company said.Egypt’s petroleum ministry said that the find was equal to about a third of Egypt’s current gas reserves.“The Egyptian government is very happy with this find,” ministry spokesman Hamdi Abdelaziz said, adding that the gas would be extracted for domestic consumption only.“We hope to become self-sufficient by 2020,” he added.The government cannot yet place a monetary value on the discovery, he said. Descalzi was quoted by Eni as saying that the discovery reconfirms that “Egypt still has great potential” energy-wise. He said “important synergies with the existing infrastructures can be exploited, allowing us a fast production startup.” Eni SpA says this is the largest gas deposit in the Mediterranean seaItalian energy company Eni SpA says it has discovered a “supergiant” natural gas field off Egypt, describing it as the “largest-ever” found in the Mediterranean Sea.Eni says the discovery made on Monday  in its Zohr prospect “in the deep waters of Egypt” — could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers (38.6 square miles).The discovery well is 190 kilometers (about 120 miles) from the Egyptian coast, and is at a depth of 1,450 meters ( 4,757 feet) in the Shorouk Block, the company said. The block is about 107 kilometers (66 miles) from Port Said.“Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural gas finds,” Eni said in a statement. “The discovery, after its full development, will be able to ensure satisfying Egypt’s natural gas demand for decades.”“Eni will immediately appraise the field with the aim of accelerating a fast-track development of the discovery,” the energy company said.last_img read more

High School Girls Sports

first_imgHow many can remember when Title XI burst on the scene in the 1970’s? All schools scrambled to try to find a way to meet the equal opportunity for women as compared to their male counterparts. This year at Batesville High School the girls’ soccer team had 50 girls come out for the sport. Since there are only varsity and JV teams, it was impossible to keep all 50 girls. The coaching staff did pare it down to 36. No one on the staff was happy about doing this, but playing time, uniforms, travel, etc., have to be taken into consideration. Also, it is not fair to make a young lady practice every night and not be able to give her playing time in a game. When I coached ladies’ teams in the 70’s, you had to recruit for two or three months just to find the bare minimum number of girls to field a team. Boy, how these times have changed! More power to the young ladies playing today, and to their pioneers who had the guts to buck the system. Today Batesville and most area schools field as many as 9 different girls’ teams, and if you have gymnastics and Lacrosse, this number is 11. Thanks, Billy Jean King!last_img read more

Two arrested in alleged racially-charged incident

first_imgRUSHVILLE, Ind. – Two suspects have been charged in connection to an alleged altercation outside of a Rushville bar on Halloween weekend.Steven A. Gilbert, 27, and David Mandrell, 36, were arrested on battery and intimidation charges Tuesday, according to the Rushville Republican.Police say the victim, a black male, told them it was a racially motivated attack and he was beaten and kicked outside of the Twisted Sisters Bar in Rushville in the early morning hours of Nov. 1.According to court documents, Stephen Gilbert told police that is not what happened. He claimed that an altercation began after giving the victim $50 for marijuana, which he did not receive or get his money back.Gilbert declined ever hitting or kicking the victim.Police interviewed witnesses after the altercation who claimed one of the suspects threatened to “shoot the place up.”last_img read more

George A. Buckler – Brookville

first_imgMemorial contributions can be directed to the family to assist with expenses.  To sign the online guestbook please visit www.cookrosenberger.com.  The staff of Cook Rosenberger Funeral Home is honored to care for the family of George Buckler. Those surviving who will cherish George’s memory include his wife of over 34 years, Mary Buckler; one daughter, Mary Ellen Buckler (fiancé Jeremy King); one son, John Buckler, and 5 grandchildren, Taiylor, Kaleb, Tony, Hank, and Josy.  He was preceded in death by his parents. George A. Buckler, of Brookville, was born on April 10, 1952 in Brookville, a son to Lawrence Paul and Hazel Ellen Dougood Buckler and was raised on the family farm which is now Morgan’s Canoe property.  He married Mary Vonderheide on December 3, 1983 and she survives.  George worked for the town of Brookville for 25 years and was a member of St. Michael Church.  He enjoyed muscle cars, hunting, playing pool, raising horses and being outdoors; however, his favorite thing was spending time with his grandchildren and attending all their sports and school activities.  On Friday, November 16, 2018, at the age of 66, George passed away at his residence.center_img Friends may visit with the family on Tuesday, November 20, 2018 from 4 until 8 p.m. at Cook Rosenberger Funeral Home, 929 Main Street, Brookville.  Fr. Vincent Lampert will officiate a Mass of Christian burial on Wednesday at 10:30 a.m. at St. Michael Church and burial will follow in the church cemetery.last_img read more

Giggs my favourite player – Mackay

first_img Press Association Giggs, who turns 40 next week, has never faced Cardiff during his illustrious 22-year career at Manchester United, and the Bluebirds will become his 117th different opponents as a Red Devils player should he take the field. Player-coach Giggs, who won 64 caps for his country, was born in the Welsh capital, and Mackay admits it will be special to see the veteran make his return. And he has no doubt United, who have shown signs of returning to their best form over the course of the last month, have got the right man to replace Ferguson, and deal with the pressures that go with it. “Fifteen Scottish coaches and managers spent the weekend with him at Everton,” he said. “We watched the game and were invited to training and had a couple of hours Q&A session with him which was private, enclosed, but very open and honest. “He was absolutely fantastic. I couldn’t get enough of it. The way he carried himself, spoke passionately about football and about management. “It was something I really took a lot of things from and was honoured and humbled he allowed us the access and the openness to him. “It was a private discussion and he was honest about how he’d dealt with situations during his time at Everton. “It was a little insight into a top manager at the time who has gone on to take one of the biggest jobs in the world. “He has gone into a well-oiled machine, let’s not kid ourselves, he has gone into something that wasn’t broken. “But reading Sir Alex’s book, when they talked about him sitting down with the Glazers and David Gill to discuss the future manager, certain criteria was needed and I think they have absolutely got that in David Moyes in terms of a long-term strategy and a man they feel is beholden to the title of Manchester United for a long time. “Over time the team will adapt to the way he wants it. “He is in the door two minutes but, at Manchester United, you have to win. It doesn’t matter about settling in time, you have to win.” “Every day of the week, every week of the year for the last 15 years he has been a top player,” said Mackay. “He is a top bloke and he is probably my favourite player of the last 15 years. “I met him a couple of weeks ago at the FA Pro Licence course I was talking at, and he is now stepping into the other side of the game in that player-coach role I had at one point and a lot of players have had at some point when their careers are finishing. “But I think you look at how he has conducted himself professionally through his whole career and he just looks a model pro. “The way he has kept his body and how his game changed when his pace went, and his thought process in terms of how to play. “Even the way he started to adapt his body through using yoga to allow him to play into his 40s, he has been an absolute star and he is obviously an iconic figure here for what he has done for Wales and I have no doubt at one point he will end up in management. “He has learned from the best (Sir Alex Ferguson) and it will be good to see him on Sunday.” Mackay is also acquainted with United boss David Moyes, having been invited to spend a few days at Everton as part of his own coaching qualifications. Cardiff boss Malky Mackay has hailed Ryan Giggs as his favourite player of the past 15 years as the Welshman prepares to face his hometown club for the first time on Sunday.last_img read more

Taider joins Saints on loan

first_img “It’s part of our philosophy to bring in talented young players who like to learn and develop themselves, and that’s true of Saphir,” Southampton manager Ronald Koeman said. “He can play as a controlled midfielder, but he can also move up around the box and up front. “That’s a good thing for a coach or manager because it brings more possibilities to the players in the team. He brings competition to the squad. “He can still learn some things, so we will train him and develop him this season. “Over the course of the year, we will then make a decision about the future of the player.” Dusan Tadic, Graziano Pelle and Ryan Bertrand have already joined the club, with Saints hoping the arrival of Taider will appease fans who are mourning the sales of Rickie Lambert, Luke Shaw, Adam Lallana, Calum Chambers and Dejan Lovren. Southampton’s response to the player exodus at St Mary’s has continued with the signing of Saphir Taider on a season-long loan deal. Press Associationcenter_img However, as part of the agreement Dani Osvaldo moves in the opposite direction on the same terms, leaving Saints with no net gain as they seek to bolster a squad short on numbers. Taider, a 22-year-old midfielder, played in two of Algeria’s matches at the recent World Cup and joined Inter a year ago following a two-season stint at Bologna. last_img read more

Football News Ronaldo not enough as Juve extend Italian domination but fall short in Europe

first_img For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. Ronaldo single handedly lifted Juventus into the Champions League quarter-finals with a hat-trick against Atletico Madrid.But his hopes of a fourth straight European triumph were ended when they crashed out to daring Dutch Ajax in the last eight.Amid criticism of Allegri’s tactics, Ronaldo, who has scored 124 goals in 160 Champions League appearances, reportedly said: “I don’t work miracles”.”Cristiano showed us he could always score in the games that counted. But then you have to have a strong team behind him,” said veteran defender Andrea Barzagli. Milan: Massimiliano Allegri oversaw his final game as Juventus coach on Sunday, after guiding the team to an eighth consecutive Serie A title but paying the price for yet another Champions League failure despite the sensational signing of Portuguese superstar Cristiano Ronaldo. He was left out alongside a host of other starters as the Allegri era ended with the whimper of a 2-0 defeat at Sampdoria, having played 31 of 38 matches and closing the season as the team’s top scorer with 21 league goals.But helping the team to another Serie A title was not why the 34-year-old was signed last summer.Ronaldo had spent nine glittering seasons at Real Madrid, lifting a fourth Champions League trophy in five seasons before moving to Italy. His arrival in Turin on a 100-million-euro ($115 million) deal, plus a reported 30 million euros a year, was hailed as “the deal of the century” by the Italian press.But after a season in which they were expected to sweep all before them Juventus have won less than the previous season, with their four-year reign as Coppa Italia holders ended in a 3-0 quarter-final defeat by Atalanta.last_img read more