October 21, 2020

Indonesian stocks record first rally in week after series of suspensions

first_imgIndonesian stocks ended Friday session with a strong rally after a week of virus-battered performance that included a series of trading suspensions.The Jakarta Composite Index (JCI) soared 2.18 percent to 4,194.94 in this week’s last trading session in the face of a selling spree worth Rp 794.02 billion (US$49.74 million) booked by foreign investors. The index lost 14.52 percent of its value this week and recorded a net sell of Rp 2.46 trillion.Trading at the Indonesia Stock Exchange hit the circuit breaker four times since last Thursday as the JCI dropped lower than the 5 percent auto-rejection limit. Indonesia recorded 369 COVID-19 cases and 32 deaths, while 17 patients had been declared cured, as of Friday.The JCI’s rally was a complete turnaround from Friday morning movement when the IDX main gauge dropped below the psychological level of 4,000, a level unseen since September 2013. However, the situation quickly changed when the bourse resumed trading after lunch break as the index soared into positive territory.Coal mining company PT Bukit Asam (PTBA) became the biggest gainer of the day as its share prices rose by 21.21 percent. Media firm PT Surya Citra Media followed suit, recording an 18.11 percent gain during the day, while mining services firm PT United Tractors gained 17.86 percent.The JCI performance was in line with most Asian markets. Hong Kong jumped more than 5 percent, Shanghai climbed 1.61 percent, while Singapore soared 4.32 percent. Meanwhile in Europe, Frankfurt gained 4.56 percent, London was up 2.42 percent and Paris jumped almost 6 percent in the early session.However, the rally in Indonesian stocks did not happen to the rupiah. The currency further depreciated by 0.3 percent on Friday to 15,960 per US dollar after plunging below the Rp 16,000 level earlier in the day, Bloomberg reported. Bank Indonesia’s Jakarta Interspot Dollar Rate data, meanwhile, showed that the rupiah fell to Rp 16,273 against the greenback, its lowest level since the 1998 crisis.Topics : “Market players are lauding the government’s efforts to tackle the COVID-19 outbreak in Indonesia after the President announced plans to import millions of medicines to cure the patients,” Nafan Aji, Binaartha Parama Sekuritas analyst, told The Jakarta Post.President Joko “Jokowi” Widodo announced that the government had officially kicked off rapid tests to detect COVID-19 and the first tests had been conducted in South Jakarta. It had also ordered Avignan, commonly used to treat COVID-19 symptoms in Japan, and chloroquine, a malaria medication.Read also: Jokowi nixes lockdown, opts for mass testingHe also urged his ministers to focus state spending on health care, social aid and economic stimuli to combat the impacts of the COVID-19 pandemic.last_img read more

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Most popular streets: Why everyone wants to live here

first_imgAlison and Matthew Clayton and son Sean at their Norman Park home. Picture: Peter Wallis.IT sits high above the Brisbane River, offers its residents complete privacy and is home to one of the city’s most extravagant properties. Dauphin Terrace in Highgate Hill has been revealed as the 11th most sought-after street in the country among prospective home buyers — and the most popular street in Queensland.New analysis from online property portal, Realestate.com.au, has uncovered the most in-demand streets for buyers in Australia, based on views per property listing over the past three years. This house at 50 Dauphin Tce, Highgate Hill, is on the market for $11m. To meet the data requirements, the streets needed at least five listings onsite over the three-year period.Dauphin Terrace, just 2.5km from Brisbane’s CBD, has attracted plenty of attention recently because of a waterfront mansion that is currently on the market for an eye-watering $11 million. The trophy home at 50 Dauphin Tce has two street frontage, two self-contained guest quarters, 60m river frontage, a pontoon for a 60m vessel, seven bedrooms, four bathrooms, parking for five cars, a 23m gas-heated pool, four separate decks, an electronic boat lift and a boathouse. This house at 10 Morgan St, Ascot, is for sale.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoDalma Street in Norman Park, in Brisbane’s inner east, is also one of the state’s most in-demand suburbs.Alison and Matthew Clayton have lived in their house at 10 Dalma Street for the past five years since moving from Sydney to Brisbane for work.The family is now downsizing as the kids have almost flown the coup, but they are reluctant to leave.“I’m not surprised at all (that it’s one of the most popular streets) and now the secret’s going to be out,” Mrs Clayton said.“One of the best things about living here would be the great mix of families — it’s just a lovely family-orientated street.“We’ve even met our senior of the street, Les, who’s in his 80s.“He and his wife and family were one of the first to move here when the street was brand new and he’s still here so must love it.”Mrs Clayton said they had Perth Street Park on their doorstep, where children loved to play and dogs could let loose in the offleash area.“Just up the hill from the park is Camp Hill Bowls Club, so we can stroll up the hill to the bowls club whenever we like,” she said.Marketing agent Tammy Dale of Place – Bulimba said Dalma Street was a cul-de-sac and “extremely popular” among families because it was in sought-after school catchment zones.“It’s also proximity to the city and the Gateway (motorway),” Ms Dale said.“It is fairly tightly-held — people don’t move as often in those pockets because once they get in with the school catchment, they want to stay put.”QUEENSLAND’S 20 MOST POPULAR STREETS FOR BUYERS Street Name Suburb Postcode 1. Dauphin Terrace Highgate Hill 4101 2. Ladds Ridge Road Burleigh Heads 4220 3. Ashfield Street East Brisbane 41694. Glauca Street Burleigh Heads 42205. Bronhill Street Currumbin Waters 42236. Timana Avenue Mermaid Waters 42187. Bridgeman Road Bridgeman Downs 40358. Hethorn Street Coorparoo 41519. Dobell Street Indooroopilly 406810. Morgan Street Ascot 400711. Matilda Street Burleigh Heads 422012. French Street Tugun 422413. Dalma Street Norman Park 417014. Greycliffe Street Mount Gravatt East 412215. Anzac Road Eudlo 455416. Harefield Street Indooroopilly 406817. Sirec Way Burleigh Heads 422018. Merion Place Carindale 415219. Euree Street Kenmore 406920. Cowell Drive Burleigh Heads 4220(Source: Realestate.com.au) Dauphin Terrace in Highgate Hill is the most in-demand street in Queensland for home buyers, according to Realestate.com.au.The so-called ‘Great Gatsby’ mansion sits on almost 4000 sqm of prime real estate — a site where General Douglas MacArthur once led the Pacific campaign.The popular beachside hub of Burleigh Heads on the Gold Coast has five streets in the top 20 most sought-after list, including Glauca Street, where a five-bedroom house is currently for sale for offers over $650,000.center_img This house at 7 Ashfield St, East Brisbane, sold for $4m. Bridgeman Road in Bridgeman Downs is renowned for its prestige homes on large blocks of land, which is perhaps why it is number seven on the list of most popular streets in the state.A seven-bedroom house on 1ha of land is on the market right now for offers over $2.25 million. Morgan Street in the blue-chip suburb of Ascot rounds out the top 10.A luxury home in the sought-after street has been on the market since 2016 and is currently rented for the highest rental price in Brisbane’s history of $5500 a week. This house at 17 Glauca St, Burleigh Heads, is for sale.Streets in Tugun, Currumbin Waters and Mermaid Waters are also in demand among home hunters.In Brisbane, Ashfield Street in East Brisbane is the third most sought-after street in Queensland, according to realestate.com.au.A luxury, Hamptons-style new build in the street sold for $4 million last year.last_img read more

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Equinor’s latest oil discovery doubles Norne reserves

first_imgNorwegian oil company Equinor has struck oil at the appraisal well of the Cape Vulture discovery from 2017. The well, located in the Norwegian Sea, and drilled by the Songa Encourage drilling rig, confirms a volume potential of 50-70 million recoverable barrels of oil.The Norne FPSO in the Norwegian Sea. (Photo Anne-Mette Fjærli)According to Equinor, the discovery more than doubles the remaining oil reserves to be produced through the Norne field.“Originally planned to be shut down in 2014, the productive life of Norne has already been extended to 2036, which will generate substantial spin-offs. This discovery will boost production in the years to come. The further maturing of the field development has upside potential for additional recoverable reserves from Cape Vulture,” Equinor said.“We are very pleased to have proven and appraised a new substantial oil discovery off the coast of Nordland. The appraisal well confirms a new play on the Nordland Ridge in the Norwegian Sea,” says Nick Ashton, Equinor’s senior vice president, Exploration, Norway & UK.“The discovery demonstrates the importance of our new exploration strategy. We intend to take new approaches and try out new and untested ideas to unlock the remaining commercial resources on the Norwegian continental shelf (NCS). This is in line with Equinor’s recently updated roadmap for the NCS, which aims to secure activity for many decades to come,” Ashton maintains.More potential around Norne“The Cape Vulture discovery also opens additional opportunities in the area. As an immediate consequence, we will already next year drill a well on a similar prospect on the Nordland Ridge. We are also maturing other opportunities for the coming years that may help substantially increase the reserves around the Norne field,” Ashton adds.The appraisal of the Cape Vulture discovery is now most likely completed, Equinor said on Tuesday. The partnership in the Norne license will progress the discovery towards a development decision. The discovery demonstrates that considerable resources may still be recovered through existing infrastructure on the NCS, the oil company added.Siri Espedal Kindem, Equinor’s senior vice president, Operations North says: “New data and creative exploration ideas generate resources, new revenues for society, and important jobs in Northern Norway. Cape Vulture came as a gift in early 2017, and it confirmed that exciting subsurface secrets still remain to be unlocked in the Norne area.”“Our exploration people have been scrutinizing the area for more than 40 years, and they are still cracking codes.”Norne was the first field development off Nordland, coming on stream in 1997. The remaining recoverable oil reserves in the fields producing through the Norne FPSO (in addition to the Norne field, this is Alve, Urd, Skuld and Marulk) are currently estimated at approximately 40 million barrels. There are also recoverable gas reserves corresponding to about 80 million barrels of oil equivalent still in place in these five fields, according to Equinor.The Cape Vulture discovery is located 7 kilometers northwest of the production vessel on the Norne field.“Even in an early phase of development planning, this discovery will more than double the oil resources produced through the Norne infrastructure towards 2036, which we are very pleased to see. This is a great day for the Norwegian Sea and the industry in Northern Norway,” Kindem adds.“Exploration results like Cape Vulture are essential to Equinor. We will explore for this type of resources in the years ahead. Discoveries like this will be key to supporting our ambition to extend the lifespan of existing infrastructure,” Nick Ashton says.The exploration drilling in the Cape Vulture well (6608/10-17S) started in early December 2016. The drilling of the appraisal well, including side-tracks (6608/10-18, 6608/10-18B and 6608/10-18C), started in mid-July 2017. The wells were drilled in production license 128, a result of production license 128D awarded in the APA round (award in predefined areas) in 2015. The Cape Vulture Appraisal well was drilled by the Songa Encourage rig.last_img read more

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Zimbabwe call up uncapped duo for Sri Lanka series

first_img(REUTERSs)-Zimbabwe have called up uncapped seamer Carl Mumba and batsman Tarisai Musakanda for The two-Test home series against Sri Lanka starting in Harare on Saturday.There is also a recall after five years for seamer Chris Mpofu, while all-rounder Malcolm Waller is back in the squad for the first time since 2014 having recently scored four half-centuries against a touring Pakistan A side.Mumba and batsman Tarisai Musakanda, who also turns 21 this month, have been rewarded for good form in domestic cricket.Mumba has 59 wickets in 16 first class matches at an average of less than 18, while Musakanda has played four fewer matches and already scored over 600 runs.The pace duo of Tendai Chatara and Tinashe Panyangara were not considered due to injury.The series will be the first for new coach Heath Streak, who was appointed two weeks ago.Squad:Regis Chakabva, Brian Chari, Michael Chinouya, Graeme Cremer (captain), Craig Ervine, Hamilton Masakadza, Tino Mawoyo, Peter Moor, Chris Mpofu, Carl Mumba, Tarisai Musakanda, Taurai Muzarabani, Sikandar Raza, Donald Tiripano, Malcolm Waller, Sean Williamslast_img read more

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The Latest: 2 more Fiorentina players test positive

first_img March 14, 2020 Most people quickly recover from the global virus after experiencing only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Associated Press The Latest: 2 more Fiorentina players test positivecenter_img Share This StoryFacebookTwitteremailPrintLinkedinRedditLONDON (AP) — The Latest on the coronavirus outbreak’s effect on sports around the world (all times UK):___10:45 a.m. Two more Fiorentina players have tested positive for COVID-19 as well as a club physiotherapist.The top-tier Italian league soccer team tweets that defender and club captain Germán Pezzella, forward Patrick Cutrone and physiotherapist Stefano Dainelli “are in good health at their homes in Florence.” They were tested after “showing some symptoms.”The club had already announced on Friday that 20-year-old striker Dušan Vlahović tested positive.With Cutrone and Pezzella added to the list with Vlahović, there are now nine Serie A players who have tested positive. The others are Daniele Rugani of Juventus plus five Sampdoria players: Manolo Gabbiadini, Omar Colley, Albin Ekdal, Antonino La Gumina and Morten Thorsby.Serie A is suspended until at least April 3 as part of a nationwide lockdown in Italy intended to contain the virus.last_img read more

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Time Machine: Syracuse knocks Virginia out in NCAA Tournament

first_imgEditor’s note: The article below is a republished story from The Daily Orange’s coverage of Syracuse and Virginia NCAA Tournament matchup in men’s basketball on March 18, 1990. Syracuse and Virginia will face off again in NCAA Tournament on Sunday, this time in the Elite Eight.RICHMOND, VA. — Pittsburgh forward Brian Shorter now has some company.Joining Shorter on the list of All-Conference forwards who have had last second game-winning or game-tying shots blocked by Derrick Coleman this month is Virginia’s Bryant Stith.Coleman stuffed a dunk attempt by Shorter that would have given the Panthers a one-point lead in the last five seconds of SU’s 58-55 triumph in the first round of the Big East tournament on March 9th.Sunday, Coleman blocked the four-foot attempt of Stith with one second left to preserve SU’s 63-61 win over the Cavaliers in the second round of the Southeast Regional in Richmond.AdvertisementThis is placeholder textThe Orangemen, 26-6, advance to the regional semifinals where they will face Minnesota, 22-8, Friday night in New Orleans.“In the end, Derrick made the play, and that was the ball game,” SU coach Jim Boeheim said.The block was set up when SU’s Billy Owens missed a bonus free throw with 15 seconds left. Stith grabbed the rebound and handed off to point guard John Crotty, who raced downcourt and passed off to forward Kenny Turner on the left baseline.Turner went up for the shot, but a flying Stephen Thompson altered Turner’s intentions, and Turner passed the ball down low to Stith.Stith took the ball, turned and put up a one-handed, right-handed shot that was blocked by Coleman as time expired.“Turner had the ball in the corner, and he was pulling up for the shot,” Coleman said. “I tried to get out and make the steal, but I was too late. I just played behind Bryant and he went up and I just went up for the block.”“We just wanted not to let Turner get the three-point shot,” Thompson said. “When he squared up to take it, I ran out at him. He made a good recognition to Stith. Derrick just came up with the big play.”Stith blamed himself for not knowing Coleman was backing him in the low post.“I was a bit disoriented on the last play,” Stith said. “I didn’t know who was behind me. I just turned and shot. I think if I would have squared up, I would have made the shot.”Stith was obviously bumped on the play by either Coleman or SU center LeRon Ellis, but the forward didn’t think a foul should have been called.“This is NCAA tournament time, and when it comes down to a last shot like this, I don’t think you can make such a touch call,” Stith said. “That’s how things go. Maybe (the referees) didn’t think it made a different on my shot. I just wish things could’ve been a little more fortunate for us.”The Orangement were able to withstand a furious second-half rally by the Cavaliers. Syracuse led 54-39 with 12:23 left in the game, but the Orangemen made two of their final 12 shots and scored just nine points for the remainder of the second half.“Our offense just left down in the second half,” Boeheim said. “We just really couldn’t get the ball to Derrick and when we did, they covered him with two or three guys. We got some open shots but we couldn’t make them.”Stith, on the other hand, scored 17 of his game-high 30 points in the final 12 minutes, including a 17-foot jump shot with 1:40 remaining that cut SU’s lead to 59-56.On the ensuing possession, the Orangemen ran the shot clock down to one second before Billy Owens spun, leaned and made a 10-foot bank shot for a 61-56 SU lead. Boeheim said he designed the play to get the ball to Coleman.“I set up Derrick and it didn’t work,” Boeheim said. “So Billy decided to correct my mistake. Billy knew he had to do something.”“I knew the shot clock was running down, and I called for the ball,” Owens said. “(Matt) Blundin was overplaying me so I leaned in and tried to get the foul. I shot it and I tried to bank it in.”Stith’s lay-in with 32 seconds left made the score 61-58, but Coleman countered four seconds later with a pair of free throws.Crotty missed a three-point shot on the next possession, but Turner chased down the rebound and found Stith, who made a double-clutch three-point shot with 15 seconds left.“We knew Stith was going to have a good game,” Boeheim said. “He just made some shots in the second half that would have been tough for anyone to stop.”The Orangemen scored the first nine points of the game, prompting Virginia coach Terry Holland to take a timeout. Coleman and Thompson combined for all nine points, while the Cavaliers missed their first eight shots from the floor.“Nine points at the beginning really opened up the lead for them,” Stith said. “But from that point on, things were really even.”Coleman scored 15 points in the first 12 minutes of the game. The 6-foot-10 All American hit all six of his free throws, grabbed six rebounds and dished out eight assists — all in the first half. After the game, several Virginia players indicated they may have been intimidated by Coleman at the start.“As long as they know my presence is there, I’m glad they were intimidated,” Coleman said. “I just got into the flow early on. I wasn’t rushing anything or forcing anything. As long as I have the wide open shot I’m going to put it up.”The two clubs traded baskets for the remainder of the first half, and SU forward Tony Scott’s 18-foot jump shot with 43 seconds remaining gave the orange a 41-28 halftime advantage.“We were very much into the ball game, but we weren’t getting done the things necessary to win,” Stith said. “Syracuse was dominating the boards and getting a lot of offensive stickbacks.Turner, who missed all four of his first half shots, scored nine points in a five-minute span to open up the second half. But the Cavaliers couldn’t cut into the SU lead until the 12-minute mark, as the Orange got points from all five s tarter sin the first eight minutes of the second half. Comments Published on March 26, 2016 at 1:07 pm Facebook Twitter Google+last_img read more

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Tipp soccer boss says local rivalry improves standards

first_imgThurles Town boss Noel Byrnes says that getting a first-hand view of Peake Villa’s successes inspired his club to up their game.Clonmel and Tipperary Town are the other urban centres in the Premier County that have more than one team based there.Noel is convinced competition between near neighbours is good for all concerned.last_img

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Golfers Jostle for Lakowe 2018 Club Championship

first_imgMembers of Lakowe Lakes Golf Course are set to battle for the 2018 Club Championship in a 36 holes contest on the 1st and 2nd December at the picturesque course in Lagos.The event that was won last year by Tunji Adebajo and Georgia Oboh in both male and female categories respectively, will now feature a lot more contenders when it tees-off. Although, Oboh, will be missing this year; as she has gone ahead to sign-up for professional golf career, which leaves the title in that category open for a new winner entirely.Head professional and operations manager at the golf facility, Femi Olagbenro, informed that the growing membership of the club has given rise to new challenges for participants and past winners at events at the club. “We have over sixty players already signaled to take part; we expect the event to be a tough battle for the former winners in different categories” he said.Olagbenro also assured that the golf course is also being primed for the event with the greens and fairways being given professional growing in readiness for the traffick that the two days will attract.The event would be competed for in gentlemen, ladies and veteran categories.Top among this year’s contenders for the title include, Cubus Classen, Douglas Koebe, Peter Eben-Spiff, Frank Momoh, James Heur, Richard Smith and Winston Strasser in the men’s category while Fatumata Coker, Njide Ndili and Idowu Babalakin are all tipped for the lady’s crown.The event will be rounded off with prize presentation gala at the end of the second round, where all the winners would be presented with their award.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Grenada warns nutmeg farmers on food safety

first_imgThe government of Grenada has warned nutmeg farmers that failure to adhere to international regulations could have a negative impact for the local industry.“I want you to place greater emphasis in the area of food safety, as there is a move a foot by the European Union and the United States of America to place more stringent requirements on exporters on matters as it relates to food safety, traceability etc,’ Agriculture Minister Yolande Bain-Horsford told members of the Grenada Nutmeg Association(GGNA).“It is therefore crucial that the GCNA facilities must be configured to enhance food safety in Nutmeg,”: she told the delegates to the GGCA annual general meeting.Bain-Horsford said that the GCNA had recorded significant achievements over the past year including an EC$1.24 million surplus, clearing an overdraft facility and increasing regional markets for nutmegs.The highlight of the meeting was the announcement by GCNA chairman, Leo Cato that farmers will receive a one-million dollar bonus payment this year. He said this is because of the revenue gained from trading with new and traditional partners in both the regional and international markets.Leo described 2017 as a challenging year and urged farmers to place greater focus on quality and diversification.Grenada is the world’s second largest producer of nutmeg.last_img read more

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Egyptian telecom tycoon opens new hotel in Grenada

first_imgSt. GEORGE’S, Nov 23, CMC – Grenada moved closer to having 3,000 hotel rooms after the island’s newest property, Silversands, was officially opened here with a promise to increase hotel room stock by 30 per cent in the coming years.“We will build two more properties on this island, we will start construction next year,” said Egyptian telecoms tycoon, Naguib Sawiris, at the official opening of the US$125 million property comprising 43 suites and penthouse and nine villas.Naguib gave the assurance that his promised investment will become a reality, profits will be re-invested into the country and none of his properties will restrict Grenadians from using the beaches where they are located.He disputed allegations that the beach front to his properties would be private, saying “anyone that tells you this is a private beach, tell them to go have a swim”.Chief executive officer of the Grenada Tourism Authority (GTA), Patricia Maher, said the island now has an estimated 2,000 hotel rooms.“We (have) 2163 licensed and certified rooms and this will bring us closer to 3000. That is good news, that is very exciting,” said Maher, who recently reported that Grenada will surpass its target of welcoming 500,000 guests to the island in 2018.The new hotel is expected to welcome its first guest on December 1 and Sawiris said that 210 people are now employed at theIn a statement, the hotel said that “as the resort becomes fully operational, there will be just over three hundred full-time employees.”last_img read more

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