Indonesia’s car sales to bounce back in March, manufacturers contend

first_imgPresident Joko “Jokowi” Widodo announced on Monday the country’s first confirmed COVID-19 cases, prompting efforts by the government and financial authorities to cushion the economy from any possible hit.Read also: Auto industry poised to recover after sales hit brakes in 2019Currently, the government is preparing a stimulus package to ease export and import regulations as supply chains are expected to start getting hit by the virus spread. The stimulus will be the second of its kind after a Rp 10.3 trillion (US$725 million) package announced earlier for boosting private consumption and the tourism sector.Industry Minister Agus Gumiwang Kartasasmita said he was confident that the local industry had enough automotive parts despite the outbreak that disrupted factories’ activities in various countries, mainly in China.“According to a Gaikindo members’ report, their supply chains face no problems so far and the industry has enough stockpiles to continue production for the next three to four months,” he said.The Asian Development Bank (ADB) president Masatsugu Asakawa said in Jakarta on Wednesday that he believed Indonesia was less likely to experience a strong impact from the global outbreak than other countries in the region, such as Japan or Thailand.“Indonesia isn’t deeply integrated into the global supply chain, so it is still considerably fortunate compared to other countries,” Asakawa said, adding that the Indonesian economy which was primarily driven by domestic activity was at an advantage during the global health emergency.The country’s economy grew by 4.97 percent in last year’s fourth quarter, the slowest rate in three years, as investment and exports cooled. Following the outbreak, the government expects growth to slow to 4.7 percent in this year’s first three months.Read also: COVID-19 impact far more complex than 2008 crisis: Sri MulyaniDespite these challenges, Mitshubishi Fuso truck distributing company PT Krama Yudha Tiga Berlian Motors (KTB) maintained its positive outlook for 2020.“We project truck sales for the domestic market will increase by 7 percent,” the company’s marketing director Duljatmono said, adding that the company aimed to sell 46,900 trucks and acquire 46 percent of the market share for trucks in 2020. (mpr) Indonesia’s automotive manufacturers have expressed optimism that national car sales will soon bottom out and show a rebound as early as March despite a further drop in January and risks posed by the COVID-19 outbreak.The country’s car sales stood at 1.03 million units last year, a 10.8 percent drop compared to a year before, according to data from the Association of Indonesian Automotive Manufacturers (Gaikindo). The association blamed sluggish sales on political uncertainties due to the 2019 general elections that hold people off from buying big-ticket items, such as cars.Sales further dropped in January amid heavy flooding that struck several regions in the country, especially Jakarta and a novel coronavirus outbreak but the association maintained its target of selling 1.05 million cars this year. Topics :center_img Read also: Astra International profits hit by lower car sales, commodity prices“While the COVID-19 spread has adversely affected sales, the absence of a political agenda and a subsiding trade war has supported the automotive industry,” Gaikindo chairman Yohannes Nangoi said at the Gaikindo Indonesia International Commercial Vehicle Expo (GIICOMVEC) 2020 opening ceremony in Jakarta on Thursday.“I expect car sales in February to remain flat compared to January. Hopefully, they will recover in March,” he added.The pneumonia-like illness has infected almost 100,000 people in around 85 nations and killed more than 3,300 worldwide, disrupting economic activities in countries around the globe.last_img read more

PREMIUMHouse scrambles for clarity amid four different final drafts for jobs law

first_imgThe House of Representatives said on Tuesday that it would send the copy of the Job Creation Law to President Joko “Jokowi” Widodo on Wednesday, after causing public confusion for more than a week about which draft is the correct one.Out of four final drafts circulating in public, the House said it would send the latest one, the 812-page long one. The earlier drafts contain 1035, 1052 and 905 pages, respectively. The one uploaded to the House website, meanwhile, is one from before the House’s Legislation Body (Baleg) finalized it, which is 1,028 pages long.”The deadline for us to submit this Job Creation Law is Oct. 14, to be exact tomorrow at [midnight],” Azis Syamsuddin, a House deputy speaker, said in a press conference on Tuesday. He said the final draft he had was the 812-page one. “The law itself is only 448 pages, [which] plus explanations beco… Omnibus-Law-on-Job-Creation house-of-representatives Lawmakers LOG INDon’t have an account? Register here Facebook Topics : Google Linkedin Log in with your social account Forgot Password ?last_img read more

Mino Raiola plots Henrikh Mkhitaryan-Justin Kluivert swap deal for Arsenal

first_imgKluivert (Picture: Getty)Arsenal could be offered the chance to offload Henrikh Mkhitaryan to Roma and snap up Justin Kluivert in the process, reports say.Mkhitaryan has been out on loan with Roma this season and is reportedly eager to make his switch permanent.Corriere dello Sport claim Mkhitaryan has already agreed to take a wage cut on the £200,000-a-week contract he has with Arsenal.Super agent Mino Raiola has been tasked to sort out Mkhitaryan’s future and is in talks with Roma about keeping the Armenian in Italy.ADVERTISEMENTMkhitaryan has offers from Russia, but Raiola thinks he might be able to reach an agreement where Arsenal and Roma get what they want.AdvertisementAdvertisementRaiola also represents Roma forward Kluivert, who has been linked with Arsenal in the past and a move to the Premier League.The 21-year-old is still developing at Roma, but Raiola thinks he would be a good fit for Arsenal. Advertisement Comment Mino Raiola plots Henrikh Mkhitaryan-Justin Kluivert swap deal for Arsenal Metro Sport ReporterTuesday 19 May 2020 5:50 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.5kShares Mkhitaryan wants to stay at Roma (Picture: Getty)The proposal would be for Mkhitaryan and Kluivert to swap clubs and Arsenal pay a fee of £11-13million on top of that to Roma.That would save Roma money and give Raiola the freedom to negotiate a bigger salary for Mkhitaryan at the Italian club.Kluivert has scored seven goals in 27 appearances for Roma this season and is the son of Dutch legend Patrick Kluivert.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityArsenal will be on the hunt for bargains in the next transfer window after suffering financially from the coronavirus pandemic.The Gunners convinced most of their senior squad to take a 12.5 per cent pay cut and have switched their transfer strategy to focus on free agents and swap deals.It is unclear when the next transfer window will open as the Premier League and Serie A aim to follow the Bundesliga in resuming action this summer.MORE: Arsenal preparing to launch £20m bid for ‘next N’Golo Kante’MORE: ‘Freak of nature’ – Danny Rose hails Liverpool defender Andy Robertson and Arsenal star Kieran TierneyFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Advertisementlast_img read more

Hendra house makes $100,000 in less than four years

first_imgSOLD: Rajeev and Ruth Sinniah (left) sold 57 Harding St, Hendra at auction to Tunde and Wande Olarinde (right) for $885,000. Photo: Debra BelaA HOUSE at Hendra in Brisbane’s north made $100,000 for its owners at auction on Saturday despite the lead bidders starting the engine of their Mercedes C200 during negotiations and preparing to drive away. The house at 57 Harding St, Hendra. Photo: supplied“They didn’t want to take our money,” Dr Tunde Olarinde explained afterwards. Place auctioneer Peter Burgin negotiates with the lead bidders just before they get in their car and prepare to drive away. Photo: Debra BelaThe three-bedroom, pre-war home at 57 Harding Street sold for $885,000 on a street made famous in March when retiring Brisbane Broncos veteran Darius Boyd sold his near new home at 78 Harding St for close to $2 million. MORE PROPERTY STORIES Property savings in a post-COVID world “We compromised on what we anticipated for the house for the certainty of not having this on our shoulders … that it was just going to be sold today,” Dr Sinniah said.“The economic crunch hasn’t hit yet.“We thought we’d do it now because in three-six months the market would change on a downward trend, lending would be a lot more stringent. So it was either now or come back in three to five years and do it then.” The north-facing back deck. Photo: suppliedThe Place Ascot onsite auction, lead by agent Patrick McKinnon, attracted a group of 16 interested parties with three bidders and was held outside so as not to breach the new government guidelines on having no more than 10 visitors inside at an auction or open home.A directive from the Chief Health Officer in the wake of the COVID-19 health emergency now requires all real estate agents to collect the name, address and mobile phone number of anyone attending an open home or auction in Queensland.The information is kept for a period of 28 days and is used for tracing purposes in the event of a coronavirus outbreak.In other auction results, five registered bidders attended 24 Oakwal Tce, Windsor where Ray White Ascot agent Ian Cuneo sold the four-bedroom house to a young couple for $1.175 million.While in Clayfield, 90 Barlow St sold for $930,000 with six registered bidders. The winning bidder was a couple from Brisbane who were currently interstate.“There’s a very high demand for property and a shortage of stock, and the sheer competition between buyers is pushing up the prices, so it really is a great time to think about selling,” Ray White lead agent Alexander Shean said. The auction volume for Saturday was double that of last weekend with 20 properties going under the hammer, including four houses at Hendra.Ruth and Rajeev Sinniah, bought the 406sq m Hendra house for $785,000 in 2016 and considered renovating but instead they found a larger 890sq m property in Clayfield which they moved into over Easter.Dr Tunde Olarinde and his wife Wande had been renting in Hendra for three years while looking for a house to renovate and saw this property a week ago. The main dining area looking into the kitchen and living room at 57 Harding St, Hendra. Photo: supplied.“We wanted to avoid the auction but they didn’t accept our offer, that was the bone of contention,” Mrs Olarinde said.“We put in an offer of $900,000 which was higher that what we’re paying for it now. They should have said yes then.”After an opening phone bid of $810,000, Place chief auctioneer Peter Burgin made a vendor bid of $850,000 before the young couple on the phone also bid $850,000.“We’ll substitute yours for mine,” Mr Burgin said. “Yours is better.” Place chief auctioneer Peter Burgin (centre) opens the auction of 57 Harding St, Hendra. Photo: Debra BelaLeaning on the bonnet of their Mercedes Benz, Dr and Mrs Olarinde bid $860,000 and then the auction paused for more than 20 minutes for negotiations until the Olarindes got into their silver car and started the engine.“I’ve got news,” one Place Ascot agent shouted as he rushed over to the car in a last-ditch effort to keep the couple in play.Within seconds, the engine had stopped, a new bid of $885,000 was recorded and the property sold immediately. Dr Sinniah said the decision to go to auction was based on his analysis of the current economic conditions.More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agolast_img read more

Racy lad mag Zoo Weekly to close; last edition October 12

first_imgStuff co.nz 17 September 2015Zoo Weekly has become the latest men’s magazine to leave news stands, with publisher Bauer Media on Thursday confirming that poor sales will see its final edition published on October 12.“With tough retail conditions in the men’s market, Bauer has made the call to close Zoo’s operations. I would like to thank the teams here at Bauer, as well as the advertisers and retailers who have supported the brand,” Bauer chief executive David Goodchild said.Associate publisher Ewen Page said it was a tough decision to close the Australian magazine, which is sold in New Zealand and was targeted this week by Family First. A different edition of the magazine is printed in the United Kingdom.Family First national director Bob McCoskrie had called for the supermarket to ban the magazine and said on Thursday he welcomed its demise.“We give some of the credit to groups in both Australia and here in New Zealand who spoke up and highlighted the misogynistic messages which were being normalised in the publication. It’s disappointing that Countdown and other retailers weren’t willing to take a moral lead rather than put up a commercially-driven ‘white flag’.”It was a sign of a confused society when rape culture and the sexual objectification of men, women and children was promoted under the guise of freedom of speech “while at the same time expressing an abhorrence of the ‘Roastbusters’ mentality and lament our unacceptable rates of sexual violence in New Zealand. We can either speak up or remain silent. We won’t be silent,” he said.http://www.stuff.co.nz/entertainment/72173586/Racy-lad-mag-Zoo-Weekly-to-close-last-edition-October-12?cid=app-iPhoneZoo to come off NZ shelves – but it won’t be because retailers pulled itOneNewsNow 18 September 2015Zoo Weekly magazine will shut down – and a New Zealand family values group says good riddance.The final edition of the lads’ mag, which is published by Bauer Media, will be released on October 12 this year, with the magazine saying in a statement that its closure was due to “tough retail conditions”.Family First NZ welcomed the closure, after it this week campaigned for the magazine to be removed from supermarket and store shelves. “The magazine normalises the sexualisation and objectification of women, teaches boys to be predatory, encourages sexual harassment and violence, and is harmful to young people,” director Bob McCroskrie said in a statement.https://www.tvnz.co.nz/one-news/new-zealand/zoo-to-come-off-nz-shelves-but-it-won-t-be-because-retailers-pulled-q11289Zoo magazine to shut doorsNewsTalk ZB 18 September 2015Another ‘lads magazine’ is calling it quits.Bauer Media has announced it will publish its final edition of Zoo Australia on October 12.The publisher said the decision’s driven by what it calls “tough retail conditions”.Ralph Australia finished in 2010 and FHM Australia stopped being published in 2012.Family First spokesman Bob McCoskrie welcomes Zoo’s demise, and said the community is sick of misogynistic magazines.He believes the next step to combating rape culture is to stop young people being exposed to negative sexual messages online.“We know that the internet is awash with this type of stuff and the question we’ve got to ask ourselves is ‘Are we willing to take action to stem some of that flow’.”http://www.newstalkzb.co.nz/news/business/zoo-magazine-to-shut-doors/last_img read more

Drug suspect arrested

first_imgBACOLOD City – Police arrested a womanin a buy-bust operation in Barangay 27. Aside from suspected shabu, a P200marked money was also recovered from her, police said. Six sachets of suspected shabu valuedaround P35,000 were seized from 26-year-old resident Charlene Grace Jobero, apolice report showed. The suspect was detained and chargedwith violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Actof 2002./PN Officers of Police Station 6 stagedthe entrapment operation which led to the arrest of Jobero around 10 p.m. onFriday, the report added.  last_img

Football Friday-Week #3 (9-6)

first_imgWRBI Area Football Games.On Country 103.9 WRBI, The Batesville Bulldogs will be at South Dearborn to battle The Knights.  On www.wrbiradio.com, The East Central Trojans will be hosting The LaSalle Lancers.Kickoff for both games will be at 7.  WRBI’s Countdown To Kickoff at 6.Other area games.  We will keep you up to date with the games.Franklin County hosts Rushville.Milan hosts Lawrenceburg.Oldenburg Academy at Indy Arlington.Greensburg at Connersville.North Decatur hosts Wes Del.South Decatur hosts Knightstown.Madison hosts Floyd Central.Jennings County at New Albany.Union County at Union City.Indiana Sports Talk with Bob Lovell follows the games at 10 on WRBI.last_img

Gas leak surveyors in Batesville

first_imgBatesville, IN—The Batesville Gas Utility will be conducting a gas leak survey in the south and southeastern parts of Batesville as well as all of the downtown area. The survey will take place starting Monday, September 23 and will take roughly 3 to 4 days to complete.  Two men will be walking and using a utility cart to check for underground gas leaks in the streets, right-of-ways and onto customers’ property up to the gas meters located outside of each home. This is annual maintenance as part of the utilities maintenance plan. If you have any questions or concerns, please call Batesville Water and Gas Utility office at 812.934.3811.last_img

Clever tech

first_imgMichael LaScaleia, a manager of independent software vendors for IBM, tells students about the Watson Supercomputer, which won Jeopardy! earlier this year. “IBM’s Smarter Planet Comes to You” was held in the Ronald Tutor Campus Center on Wednesday.Ralf Cheung | Daily Trojanlast_img

Bielema enlists linebackers coach

first_imgWisconsin football head coach Bret Bielema announced the latest addition to his staff Wednesday afternoon, introducing Andy Buh as the program’s new linebackers coach.Buh spent the previous two seasons at Nevada, his alma matter, where he acted as defensive coordinator and linebackers coach. He also has two years of experience as a co-defensive coordinator at Stanford (2008-09).“I’ve known about Andy for several years and had the chance to visit with him at the coaches’ convention in San Antonio recently,” Bielema said. “I came away very impressed with his teaching ability, his passion and his personality. He brings tremendous experience, being a coordinator at both Nevada and Stanford, and is a dynamic personality.“With his wife being an Indiana native, this is chance for his family to get back to the Midwest.”All in all, Buh has coached linebackers for seven years at three institutions. He will replace Dave Huxtable, who left Wisconsin to join Paul Chryst and become defensive coordinator at Pittsburgh.After six assistants departed in the weeks after the Rose Bowl Game on Jan. 2, Buh is Bielema’s fourth hire since Jan. 16, and all have experience coordinating either an offense or defense.Buh inherits a linebacking corps that returns two starters, Chris Borland and Mike Taylor, who combined for 293 tackles and earned first-team all-Big Ten awards in 2011.“Today is a great day,” Buh said. “I’m very excited and enthused about joining the University of Wisconsin’s football staff. I’m thrilled with this opportunity and can’t wait to hit the field running.”“Coach Bielema has given me the opportunity of a lifetime, and I’m humbled to be a part of his staff. I look forward to every part of this experience and can’t wait to get working.”Nevada flashed a 20-7 record over the two years in which Buh acted as defensive coordinator, with the Wolf Pack winning the WAC title in 2010.Upon arriving at Nevada, Buh received a defense that ranked 91st and 96th in the country in total defense in the two years prior to his arrival as defensive coordinator, in 2009. In the two seasons under his command, however, the Wolf Pack defense ranked 54th and 52nd in the same category.In 2010, the Wolf Pack had the nation’s 18th-best rushing defense, allowing 120.29 yards per game. The following season, they ranked 22nd nationally in pass efficiency defense.Buh’s defenses at Nevada also featured defensive end Dontay Moch, a third-round draft choice by the Cincinnati Bengals, and first-team All-American defensive tackle Brett Roy.Before returning to Nevada, Buh spent three seasons at Stanford. After spending 2007 as the linebackers coach, then-head coach Jim Harbaugh promoted Buh to co-defensive coordinator. In 2009, four members of the Cardinal defense attained all-Pac-10 honors.Between 2002-05, Buh oversaw linebackers at San Diego State, his first job doing so, and watched four players graduate to the NFL. Two of them saw their names added to watch lists for the Nagurski and Butkus Awards, given annually to the best defensive player and linebacker in the country, respectively.He earned his first coaching job in college football in 1997 as a graduate assistant at Nevada, three years after graduating from the school. He also has held various coaching positions at California (2000-01) and Fresno State (2006).last_img read more