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“It will be reviewed if [the tasks] of the BRG could be handled by the BNPB [the National Disaster Mitigation Agency] for fire mitigation and the Agriculture Ministry for the optimization of peat for agriculture,” Moeldoko said.President Jokowi previously revealed his plan to dissolve 18 institutions in the near future, following his fiery address at a plenary Cabinet meeting earlier where he threatened to take extraordinary steps if his ministers failed to take the current health crisis seriously.“If we can divert the budgets to relevant ministries and directorates, why do we have to put those institutions and commissions into service any longer?” Jokowi said on Monday.A country’s global competitiveness, he noted, would no longer be about big countries defeating small countries but those faster beating those slower.Administrative and Bureaucratic Reform Minister Tjahjo Kumolo said that since Jokowi’s first term in 2014, 24 institutions and commissions had been removed, leaving 96 currently in operation. The State Palace has reaffirmed President Joko “Jokowi” Widodo’s intention to disband 18 institutions in a bid to ease the burden on the state budget amid the COVID-19 pandemic, with a senior presidential aide revealing several names on the list.“In simplifying the bureaucracy, the President believes an organizational structure must be highly flexible, adaptive and simpler so that it can hopefully work faster,” Presidential Chief of Staff Moeldoko said on Tuesday.He said the Administrative and Bureaucratic Reform Ministry was currently reviewing some institutions established under government and presidential regulations, whose tasks and responsibilities could be taken over by other ministries. He took the example of the National Elderly Commission — established under Presidential Decree (Keppres) No. 54/2004 — which would be reviewed to see if its tasks were duplicating those of the Women’s Empowerment and Child Protection Ministry.The other one he mentioned was the National Sports Standardization and Accreditation Agency (BSANK), which currently has the authority to develop and monitor the national sports standards and was established under Presidential Regulation (Perpres) No. 11/2014.Read also: Jokowi uses reshuffle threat to spur Cabinet into actionMoeldoko also mentioned the Peat Restoration Agency (BRG). Despite its good performance, as he claimed, the institution formed under Perpres No.1/2016 would be reviewed since its functions might collide with those of other institutions. Topics :
According to the survey, 55% of companies in Germany are planning to revamp their pension plans to better suit changing demographics in the workforce, as well as to increase flexibility, transparency and predictability.Towers Watson calculations for DAX companies’ pension plans confirmed earlier preliminary calculations by Mercer.The average return on the pension plans was 5.1%, and plan assets increased from €192bn to €198bn year on year.Liabilities came down from €314bn to €303bn as discounts rates were on the rise again.This means the average funding ratio increased from 61% to 65%.But Towers Watson also noted widely varying funding levels among the companies within the DAX, ranging from 22% for Deutsche Telekom to 99% at Deutsche Bank.Like Mercer, Towers Watson also concluded that companies in the DAX were aiming to increase funding levels in their pension plans.The consultancy also pointed out that diversification within each asset class in pension funds’ portfolios was increasing.At year-end 2013, the average asset allocation was 24% in equities, 55% in bonds, 5% in real estate and 16% in “other” investments.Thomas Jasper, head of retirement solutions at Towers Watson Germany, pointed to a shift towards alternatives, infrastructure, insurance contracts and private equity.“We assume that the equity allocation will remain relatively stable at 25%, as the last few years have shown that this more or less corresponds to the strategic asset allocation in the DAX companies,” he said.In 2007, DAX schemes’ average exposure to equities was 30%, dropping to 23% in 2008. Only one-third of German companies are confident their pension funds are “fit for 2020”, according to a survey by Towers Watson.Another third is sure their plans will have to be adjusted, while the remaining third did not comment or was unsure.Alfred Gohdes, chief actuary for occupational pensions at Towers Watson Germany, told IPE: “The low interest rate environment has increased the costs for traditional pension promises considerably.”He added that companies had “already done a lot to ‘immunise’ themselves against interest rate volatility” – shifting to funded pension plans, for example.
Meanwhile, the pension fund is initiating legal proceedings of its own against the company for having unilaterally cancelled its contract.KLM has said it intends to establish a new pension fund if the current scheme is closed.Manel Vrijenhoek, spokeswoman for KLM, took pains to emphasise that the airline was not looking to save on pension costs.“The company wishes to mitigate the combined, unintended effects of the new financial assessment framework (nFTK) and the low-interest environment,” she said. “This would lead to a disproportionately high additional contribution of probably hundreds of millions, which threatens our operational management.”Vrijenhoek said KLM acknowledged that the additional contribution was part of the arrangement with the unions and the contract with the pension fund.But she argued that the clause in question had been based on the previous financial assessment framework, when the criterion for full indexation was a funding of 105%.“With the introduction of the nFTK last year, the minimum level for full indexation increased to 122%,” she said. As of the end of September, funding of the pilot scheme stood at 115.5%.KLM said a new pension fund would be “very similar” to the existing defined benefit scheme but offer indexation arrangements based on the previous FTK. The €8.3bn pension fund for KLM’s pilots has warned that it will have to close if the Dutch airline terminates its contract with the scheme.In a clarification on its website, the pension fund said it would only continue to manage accrued pension rights, and that the new situation would have an impact on its recovery potential and its ability to grant indexation.KLM and pilot union VNV are locked in a legal battle over whether the airline is required to plug funding gaps that would allow the pension fund to grant full indexation.The VNV is to appeal a recent verdict by the Amsterdam court, which concluded that this obligation does not apply to KLM.
Italian oilfield contractor Saipem has signed new offshore E&C contracts in Azerbaijan, the North Sea and Congo. The overall value of the contracts is approximately $400 million. One of Saipem’s vessels; Source: Wikimedia; Author: Kees Torn – under the CC BY-SA 2.0 licenseIn Azerbaijan, Total has awarded a SURF contract to the consortium between Saipem’s subsidiary, Saipem Contracting Netherlands BV, Boshelf LLC and STAR GULF FZCO, for the development of the Absheron field operated by JOCAP, a JV between Total E&P Absheron (50%) and SOCAR Absheron (50%), from 10 mt to 500 mt of water depth, located under the Caspian Sea.Saipem said on Monday that the scope of work includes engineering, procurement, fabrication and offshore installation, assistance to commissioning and to performance testing of a 12” single production flowline and its Flowline End Termination structure (FLET), and of a main umbilical, both being approximately 34 km in length.Saipem was also assigned by Humberside Gathering System Limited, on behalf of the Tolmount Development Partners (Premier Oil and Dana Petroleum) a contract for pipeline engineering, procurement, construction and installation (EPCI) works in relation to the development of the Tolmount Main gas field, located in the Southern North Sea.Finally, Saipem, through its subsidiary Boscongo SA, has been awarded a modification, maintenance and operations (MMO) contract by Eni Congo SA for the provision of maintenance services, modifications and improvements on all Eni Congo offshore sites in Congo over a 36-month period. The scope of work includes on-site maintenance activities, such as troubleshooting, planned and unplanned maintenance as well as the supply of spare parts, materials and workshop activities at Boscongo yard (Pointe Noire).Stefano Porcari, Chief Operating Officer of Saipem’s E&C Offshore Division, commented: “These new offshore contracts confirm Saipem’s success in achieving its strategy aimed at consolidating its leadership in traditional markets, such as SURF, Conventional and Pipelines, as well as at diversifying its business in Non-Oil Capex segments, such the Modifications Maintenance Operations market.”He added: “The SURF contract, in particular, confirms the importance of Azerbaijan, where we have been working with continuity for several years, bringing our expertise to create an enduring and fruitful relationship in the country as well as contributing and consolidating our local content endeavor.”
Promoted Content5 Of The World’s Most Unique Theme Parks5 Of The World’s Most Unique Theme Parks10 Stargazing Locations To ‘Connect With Nature’The Best Cars Of All Time6 Extreme Facts About HurricanesBest & Worst Celebrity Endorsed Games Ever MadeThese Guys Are Turning 50 This Year. Feeling Old Yet?7 Ways To Understand Your Girlfriend Better15 Celebs You Probably Didn’t Expect To Be CheerleadersWho’s The Best Car Manufacturer Of All Time?Top 10 Most Romantic Nations In The World40 Child Stars Who Look Incredibly Gorgeous As Adults “I miss the game; I hope this madness ends soon, but till then, stay at home please,” Omeruo tweeted. Omeruo secured a permanent move to Leganes last summer from Premier League side Chelsea after delivering solid defensive performances while on loan. The centre-back has since been playing a key role for the Cucumber Growers, featuring in 19 league games despite injury problems. read also:Omeruo’s Leganes agree pay cut up to 20 percent The 26-year-old will hope to help his side, who are in the relegation zone, avoid the drop from the Spanish top-flight at the end of this campaign. FacebookTwitterWhatsAppEmail分享 Leganes centre-back, Kenneth Omeruo, has admitted he misses football following the suspension of La Liga owing to the coronavirus outbreak. Loading… The Spanish top-flight has been forced to a hiatus along with several other leagues across the globe, with only a few still active while the World Health Organisation (WHO) has urged people to stay at home. The decision was taken in an effort to curb the spread of the virus which has caused the death of thousands of lives, with Spain having recorded about 11,000 deaths already while more than 120,000 cases have been confirmed in the European country. The Nigeria international has taken to social media to express his frustration at the situation while urging football lovers to remain at home.Advertisement
CORTEZ, Colo. – The Saturday, July 5 Jim Henry Memorial follows regular weekly racing on Independence Day at Montezuma County Fairgrounds Speedway. All applicable IMCA points will be awarded both days. On Saturday, IMCA Xtreme Motor Sports Modifieds race for $750 to win with 15 or more entries. IMCA Sunoco Stock Cars are guaranteed $500 to win, Scoggin-Dickey Parts Center Southern SportMods $300 to win, IMCA Sunoco Hobby Stocks $150 to win and Mach-1 Sport Compacts $80 to win.Entry fees for Saturday’s pill draw/redraw show are $25 for the Modifieds, $20 for Stock Cars and $10 for Southern SportMods.Pit gates at Cortez open at 4 p.m. and the grandstand opens at 5 p.m. both days. Hot laps follow the 7 p.m. drivers’ meeting with racing at approximately 8 p.m.Spectator admission is $10 for adults, $5 for kids ages 5-12 and free for ages four and under. Pit passes are $30.More information is available by calling 505 419-2782.Henry had helped build the race track.
Press Association McIlroy fired five birdies in a row on his way to breaking 70 for the first time on the PGA Tour in 2015, only for Hoffmann to extend his advantage by adding a 65 to his opening 66 at Bay Hill. Hoffmann’s halfway total of 131 was just one shot outside the tournament record set by Adam Scott last year, although the Australian famously failed to convert a seven-shot halfway lead after opening rounds of 62 and 68. Rory McIlroy admitted he would need more of the same over the weekend after a second round of 66 was not enough to move closer to leader Morgan Hoffmann in the Arnold Palmer Invitational. At 13 under par the 25-year-old was three shots clear of defending champion Matt Every, who also had five birdies in a row in his 66, Harris English and Henrik Stenson, the Swede covering the back nine in just 30 shots in his 66. American Ben Martin was four off the lead after a 67, with McIlroy another shot back alongside New Zealand’s Danny Lee – whose 64 was the lowest round of the day – and Sweden’s David Lingmerth. McIlroy, who missed the cut in the Honda Classic and finished ninth in the WGC-Cadillac Championship at Doral, needed to save par from greenside bunkers three times to cover the back nine in 34 after birdies on the 10th and 16th. However, the four-time major winner clicked into top gear after the turn, holing from 18 feet on the second, six feet on the third and seven feet on the fourth before a superb approach to the fifth left him just inches from the hole. The 25-year-old then got up and down from another bunker on the par-five sixth for his fifth straight birdie and the streak only came to an end when he narrowly missed from 35 feet on the next. “At that point it feels pretty easy,” McIlroy told the Golf Channel. “You are trying to just keep it going, you can feel the momentum building and going with you.” McIlroy’s only bogey of the day came after a miscued drive led to him finding yet more sand on the eighth, but the Open champion will have been happy with his progress in his last competitive outing before attempting to become the sixth player to complete the career grand slam by winning the Masters next month. “It would have been nice to finish the round off a little better, but it’s still a good score and sets me up for the weekend. Each day I am feeling more comfortable, especially on the greens, and w e got the best of the greens being out early,” added McIlroy, who had dinner with tournament host Arnold Palmer on Thursday evening. “I’m happy with how I putted today and will need to putt like that over the weekend to have a chance.” Hoffmann, who had eight birdies in 11 holes from the third, discovered before his opening round that his 97-year-old grandmother had died and plans to attend a memorial service for her in Fort Lauderdale on Saturday. “There are times in your life when you really get hit by something and that was yesterday for me,” Hoffmann told Sky Sports 4. “And it helped me appreciate life and being out here, enjoying the weather and playing golf. I am living my dream so I can’t be happier.” Asked about trying to win his first PGA Tour title this weekend, he added: “I’m really not going to think about it or look at any scores. Just going to try and hit the middle of the greens and stick to my plan.” Stenson has finished fourth in his last two events and told Sky Sports 4: “It’s always good to be up there and I have a long-term plan and goal to prepare for the Masters. I want to get into contention as much as I can. “I was not mentally where I wanted to be on the front nine so I am really happy with the way I turned things around. I got rewarded for staying patient.”
For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Melbourne: Cameron Bancroft, whose ban following the ball-tampering scandal in Cape Town against South Africa ends shortly, revealed that it was David Warner, who encouraged him to tamper with the ball and he did it since he wanted to “fit in” and feel “valued” in the team. Bancroft was handed a nine-month ban while Warner and then skipper Steve Smith were handed one-year bans by Cricket Australia in exemplary punishment for their role in ball-tampering scandal in March this year. “Dave (Warner) suggested to me to carry the action out on the ball given the situation we were in the game and I didn’t know any better,” Bancroft said in an interview, conducted by former cricketer Adam Gilchrist for Fox Cricket. “I didn’t know any better because I just wanted to fit in and feel valued really. As simple as that,” Bancroft said. However, he also admitted that he was guided by his own distorted values in making the horrendous decision. “The decision was based around my values, what I valued at the time and I valued fitting in? you hope that fitting in earns you respect and with that, I guess, there came a pretty big cost for the mistake.”Read More | How Virat Kohli holds a crucial edge in Boxing Day Test vs Australia?Bancroft was candid enough to own up the mistake he made. Read More | Agarwal, Vihari achieve a 1st for India in Boxing Day after 500 Tests”I take no other responsibility but the responsibility I have on myself and my own actions because I am not a victim. I had a choice and I made a massive mistake and that is what is in my control.” However, while introspecting what would have happened if he had refused Warner’s suggestion, the 26-year-old Bancroft said he may have buried himself under the doubt that probably he did not put team’s interest before him. “I would have gone to bed and I would have felt like I had let everybody down. I would have felt like I had let the team down. I would have left like I had hurt our chances to win the game of cricket.”It has been a tough road to redemption for Bancroft and he feels it’s the best time for Cricket Australia to bring about a change.“The reason why it was painful is because the truth hurts. Maybe in that review there was some truths that were pretty hard to accept. What does that bring? It brings an amazing opportunity to do something about it. Only Cricket Australia will know if they are being true to themselves, to be able to own up to some of those recommendations. If they can look at themselves in the mirror and be really content and be really peaceful, and proud of the direction they’re going, that’s OK. If they aren’t, like me, that value will always come undone won’t it? It will present itself in the face to you and you’ll have to learn another lesson,” Bancroft said.
New Delhi: For 30 years, Sachin Tendulkar had held the world record for being the youngest player to score an international half-century. However, on November 9, 2019, the record was finally broken by a 15-year-old woman cricketer from Haryana who is making giant strides. During the first Twenty20 International between India and West Indies at the Darren Sammy stadium in St Lucia, 15-year-old Shafali Verma from Rohtak, Haryana smashed 73 off 49 balls to help India register a convincing win against the current World T20 champions West Indies. At 15 years and 286 days, Shafali broke the record of Tendulkar who smashed 59 during the Faisalabad Test against Pakistan in 1989 at the age of 16 years and 214 days.Things only got better for Shafali as she shared a record 143-run stand with Smriti Mandhana which was the highest-ever for India in the history of the Twenty20 International format for women. This bettered the 130 scored by Thirush Kamini and Punam Raut against Bangladesh in 2013. It was also the 14th highest overall, and eighth highest for the first wicket in T20Is.Shafali, who had scored 46 in her career’s second T20I against South Africa at Surat last month, exploded in the second over, smashing Shakera Selman for two fours and a six. She then launched an assault on Chinelle Henry, crossing the fence four times before depositing one at the stands in the fourth over. The result was that she had raced away to an 18-ball 43 at the end of the powerplay. Shafali and Mandhana took India past the 100-mark in 10 overs. Shafali was the first to go when she was dismissed by Shakera Selman in the 16th over. Harmanpreet Kaur then produced a 13-ball 21, while Veda Krishnamurthy provided the late charge with a 7-ball 15 to take India to a challenging score. For the hosts, Selman and Anisa Mohammad snared two wickets each, while Hayley Mathews conceded 39 runs from her four overs and Chinelle Henry bled 26 from the only over she bowled as India finished on 185/4.Also Read | Smriti Mandhana Breaks Virat Kohli’s ODI Record, Helps India Win Series Against West IndiesChasing 186 to win, West Indies struggled to stitch partnerships with Shermaine Campbelle top-scoring with a 34-ball 33. Pacer Shikha Pandey (2/22), spin duo of Radha Yadav (2/10) and Poonam Yadav (2/24) claimed two wickets each, while both Deepti Sharma (1/15) and Pooja Vastrakar (1/21) accounted for one wicket as West Indies were restricted to 101/ 9 as India won by 84 runs. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.