Government gives LPS more power to prevent bank failure

first_imgThe law has been implemented to prevent economic meltdown as it allows the government to widen the state budget deficit beyond the legal limit of 3 percent and Bank Indonesia (BI) to directly buy government bonds to help finance the budget, among other things.The COVID-19 pandemic has threatened the stability of the financial system, as it causes supply-demand shock and weakens the financial industry and macroeconomy, according to the Financial System Stability Committee (KSSK) in its first quarter report issued in May.The loan disbursement rate among banks grew just 3.04 percent year-on-year (yoy) in May, much slower than 5.73 percent in April, as the coronavirus battered the real sector.The banking industry’s capital adequacy ratio (CAR), meanwhile, stood at 22.16 percent in May, up slightly from 22.13 percent a month before, Financial Services Authority (OJK) data show. It continued to book an 8.87 percent increase in third-party funds in May.OJK data also show that banks have provided 6.35 million debtors with credit restructuring worth Rp 695.3 trillion as of June 22, as part of the authority’s move to provide relief for borrowers affected by the outbreak.Previously, publicly listed Bank Bukopin had to limit customers’ withdrawals due to liquidity issues and shareholder commotion that prevented them from injecting more capital into the bank. The reports triggered panic among customers, as the OJK tried to calm them, and pushed Bukopin’s shareholders to finalize the capital injection plan.Halim said should the struggling banks had failed to improve their liquidity after the fund placement, the bank would be handed over to the OJK before being dissolved.Other than providing a lifeline for problematic banks, the new regulation also enables the LPS to place funds in healthy and liquid banks to manage or increase LPS liquidity.The PP furthermore allows the LPS to seek other methods to raise funds in its effort to prevent banks from failing.The methods include having government bond repurchase (repo) agreements with BI, sales of government bonds to the central bank, allowing the LPS to issue its own debt papers and seeking loans from domestic or foreign parties, so long as they have no conflict of interest with LPS’ duty or incite  a negative perception and reduce the public’s trust in the corporation.These financing methods were previously unheard of in the 2004 LPS Law, as the law had only allowed the corporation to seek financing through government loans if it needed more liquidity.The LPS is still able to seek loans from the government but it should be the last resort if the corporation fails to increase its liquidity through the aforementioned methods.Senior economist Aviliani lauded the regulation, saying that it allowed the corporation to take a more proactive approach in protecting banks that had paid premiums to the LPS and would help prevent bank failure during the COVID-19 pandemic.“Receiving a fund placement from the LPS can at least restore customers’ trust in the banks for a short while and prevent them from rushing to get their money out of the banks,” she told The Jakarta Post over the phone on Friday.Center on Reform of Economics Indonesia economist Piter Abdullah also praised the government’s effort to allow the LPS to seek more funding, as he projected the corporation would need it to anticipate a rise in problems faced by banks amid the pandemic.Topics : The new regulation allows the LPS to place a maximum 2.5 percent of its assets in one bank and a maximum 30 percent of its assets in all banks.The LPS’ total assets reached Rp 120.58 trillion (US$8.35 trillion) at the end of 2019. It also had Rp 114.53 trillion in securities investment, with liabilities reaching Rp 751 billion and total equity of Rp 119.83 trillion.Fund placement in both healthy and struggling banks will be temporary, as the regulation only allows the LPS to place the funds for a maximum one month, with up to five extensions.“This is an extraordinary preventive move as a direct follow-up to Law No. 2/2020 to prevent further disruption in our financial system,”LPS commissioner board head Halim Alamsyah said during a virtual press conference on Friday. The government has issued a regulation that gives the Indonesian Deposit Insurance Corporation (LPS) more room to manage its own liquidity and to prevent banks from failing in an effort to help strengthen the country’s financial system stability.Under Government Regulation (PP) No. 33/2020 on the LPS’ authority in imposing measures to deal with financial stability issued on July 7, the corporation can now place funds in banks during the economic recovery from the impacts of COVID-19, among other things. The placement aims to strengthen the LPS’ liquidity and/or to anticipate or solve financial problems that can result in bank failure.Previously, the LPS was only able to take a reactive approach, as it was tasked with rescuing insolvent banks by liquidating them by taking over shareholder duty, selling or transferring assets and reviewing and canceling unprofitable agreements to help solve their liquidity problems, as stipulated in Law No. 24/2004.last_img read more

Antigraft activists slam legal aid given to prosecutor arrested in Djoko Tjandra case

first_imgThe AGO confirmed on Monday that Pinangki was still a prosecutor and a member of the Indonesian Prosecutors Association (PJI) despite her suspect status, and thus, she would receive legal assistance from lawyers appointed by the association, kompas.com reported.Antigraft watchdog Indonesia Corruption Watch (ICW) researcher Kurnia Ramadhana said Pinangki’s alleged meeting with Djoko, then an AGO fugitive, had tarnished the image of the institution itself and, therefore, she “does not deserve legal assistance” from the PJI.The AGO itself has declared Pinangki guilty of committing an ethics violation by going on nine international trips to Singapore and Malaysia in 2019 without permission, during which she allegedly met with Djoko.Given the alleged violations, Kurnia said that providing Pinangki with legal assistance would contradict the PJI’s rules of association and internal bylaws (AD/ART). Read also: Napoleon Bonaparte among two police generals named graft suspects in Djoko Tjandra case”The AD/ART stipulates that PJI aims to defend and assist its members who face legal issues related to their professional duties. However, what the prosecutor Pinangki did was not related to her duties and profession, because the meeting was held without her superior’s approval and it was with the fugitive,” Kurnia said.“There is a term ‘the blue wall of silence’ in the United States when law enforcers stay silent or protect their colleagues who are involved in illegal practices. We don’t want that to happen.”Meanwhile, Indonesian Anticorruption Community (MAKI) coordinator Boyamin Saiman said the prosecutor’s organization should not provide legal assistance to Pinangki because of ethical reasons, arguing that she got entangled in the case not because of her duties but because she had violated her duties as prosecutor.”Pinangki should find herself a lawyer instead of getting the PJI assistance,” he said.Boyamin, however, conceded that assistance from the PJI was not legally problematic as the association did not represent the AGO, but it was an organization in which Pinangki was a member.Pinangki has been removed from her post as an official in the planning bureau under the AGO’s assistant attorney general.Djoko, a convict in the high-profile Bank Bali corruption case, was arrested in Malaysia on July 30. He had been at large for 11 years after fleeing Indonesia a day before the Supreme Court sentenced him to two years in prison and ordered him to pay Rp 546 billion (US$54 million) in restitution.Topics : Anticorruption activists have expressed their disapproval of the legal assistance made available by a prosecutors association for Pinangki Sirna Malasari, a prosecutor who was arrested for allegedly accepting bribes in connection with graft convict Djoko Tjandra. Pinangki was named a bribery suspect last week following an investigation by the Attorney General’s Office (AGO) into her alleged meetings with Djoko when the latter was still on the run in neighboring countries last year. She was suspected to have accepted about US$500,000 in bribes, though the AGO did not specify who she got it from.last_img read more

Gaikindo to cut car sales target even further as pandemic lingers

first_imgDespite national car sales rebounding to 37,200 units in August and 25,200 in July, the figures are still well below the association’s target of 80,000 cars in August alone, according to Stefanus.“We believe that this prolonged pandemic will greatly impact the economy and therefore affect our sales. We’ll probably still see the pandemic’s impact on car sales next year,” he said.Car sales crashed in May with a more than 95 percent year-on-year (yoy) drop as the coronavirus outbreak hit demand, before jumping in June to 12,623 units.Gaikindo recorded around 323,400 cars being sold between January and August, down by more than 50 percent compared with 661,000 units sold during the same period last year. Industry Minister Agus Gumiwang Kartasasmita has urged Finance Minister Sri Mulyani Indrawati to temporarily exempt new cars from vehicle tax (PKB) until December in a bid to boost car sales amid COVID-19 pressures, according to a statement on Sept. 14.Read also: Waive car taxes to boost sales, minister saysCar sales are among the indicators of the country’s consumer spending, which accounts for more than half of gross domestic product (GDP).The drop in car sales has also hit auto financing companies. PT Toyota Astra Financial Services (TAF) saw a spike in credit restructuring applications during the second quarter, amounting to 35,000 customers with a total financing value of Rp 5 trillion (US$338.5 million).“A lot of customers who applied for financing restructuring were actually financially stable, but they were concerned about their income and business when the pandemic first struck,” TAF marketing director Wisnu Wardhana said in the same event. However, Wisnu said the number had declined to almost zero by July.The share of cars being purchased using a financing facility also decreased to around 50 percent of the total units sold during the pandemic, from up to 70 percent in normal times.“Customers are currently becoming more conservative and tending to secure their cash flow. Therefore, we’ve shifted our strategy by focusing on low-interest loans to entice them,” he said.Carmaker PT Toyota Astra Motor (TAM) marketing director Anton Jimmi Suwandi said the company was working together with TAF in building Toyota’s marketing strategy, which relies heavily on easing customer access to acquiring new cars rather than lowering prices through discounts.“We’ve increased our online presence and improved our sales and aftersales activity through mobile services. We’ve also begun to launch our new products, such as the Corolla Cross, to stimulate the market,” he said.Anton said Toyota saw a rising number of prospective customers from online platforms following the company’s digital-shift strategy. The company’s monthly website traffic has also increased to around 2.5 million visits during the pandemic, up from the average 1.5 million.“Previously, the proportion of customers who came from online stores and websites was only around 15 percent of our total customers. Now, it amounts to around 40 percent,” he said.As the online trend continues to grow, Anton said TAM was planning to launch a digital application by the end of the year. The application will allow customers to chat and consult with Toyota’s mechanics as part of its aftersales services development.Toyota has the largest market share in the Indonesian car market, comprising 31 percent of 2019’s total car sales.The company recorded a 16 percent monthly sales growth in August to 8,740 units, but the figure remains 70 percent lower compared with the same period last year.Topics : The Association of Indonesian Automotive Manufacturers (Gaikindo), which previously slashed its domestic car sales target by 40 percent to just 600,000 units this year as the COVID-19 pandemic forced showrooms to temporarily close, has warned it may have to cut its sales forecast even further.Gaikindo’s special staff Stefanus Soetomo said on Thursday that the association would have to rethink its current target as it was made based on the assumption that the pandemic would be under control by July and that car sales would fully rebound between August and September.“The number of infections is currently reaching a record-breaking level and we have to anticipate that by reassessing our target,” he said during an online public discussion held by Kompas, while declining to reveal the new target as the figures were still being calculated.last_img read more

Matteo Guendouzi names the two Arsenal players who are like his ‘big brothers’ in London

first_imgMatteo Guendouzi has emerged as a key player for Arsenal since joining from FC Lorient (Picture: Getty)Arsenal midfielder Matteo Guendouzi has admitted that his teammates Pierre-Emerick Aubameyang and Alexandre Lacazette have acted like his ‘big brothers’ since he moved to London.Guendouzi joined Arsenal from French club FC Lorient in 2018 and is one of the youngest members of Unai Emery’s first-team squad having only turned 20 in April.The France U21 international has excelled for the club on the pitch but is still acclimatising to life in England off it, with the club’s French-speaking contingent helping him to settle in.Aubameyang and Lacazette are two of Arsenal’s most influential players and Guendouzi admitted that the pair have made things easy for him during his first year outside of France.ADVERTISEMENT Alexandre Lacazette and Pierre-Emerick Aubameyang have developed a strong relationship on and off the pitch (Picture: Getty)Speaking to Canal Football Club, Guendouzi said: ‘He [Aubameyang] gives me a little punch on my left shoulder every morning, with his attacking colleague Lacazette, every morning. They are really important to me.AdvertisementAdvertisement‘They are like two big brothers ever since I arrived, they made it really easy for me, on the pitch and off of it. They are super guys.’Guendouzi became a key member of Emery’s side during his debut campaign featuring 48 times for Arsenal in all competitions and he has started both of their Premier League games this term.The young midfielder played the full 90 minutes during Saturday’s 2-1 win over Burnley in which both Lacazette and Aubameyang were on the scoresheet.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 CityThat result ensured that Arsenal, along with Liverpool, are the only team in the Premier League with a 100% win record this season and Guendouzi is hopeful about the club’s top-four prospects.‘We clearly have a better squad than last season with big signings this summer,’ he said. ‘We hold all the cards to have a great season and finish in the top 4 to be able to play in the Champions League next season.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Metro Sport ReporterMonday 19 Aug 2019 11:34 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.3kShares Advertisement Comment Advertisement Matteo Guendouzi names the two Arsenal players who are like his ‘big brothers’ in Londonlast_img read more

Rugby league star Scott Prince to boot Gold Coast house

first_imgRugby league star Scott Prince has lined up for a shot at selling his Gold Coast home. Picture: Tim Hunter.Rugby league legend Scott Prince is tackling the property market, listing his Carrara house for sale.The former Gold Coast Titans captain and wife Kristy will try their luck at auction in a bid to sell their four-bedroom waterfront house.The Prince’s palace at 6 Garden Grove, Carrara.It will head under the hammer on June 8.The pair plan to purchase two new properties, one in Brisbane and another on the Gold Coast, to better juggle their work commitments.Prince is currently working with the Brisbane Broncos and their indigenous programs following a long rugby career.MORE NEWS: Family splashes millions on rainforest retreatMORE NEWS: Tranquil retreat in the forest is the perfect escapeBorn and raised in Mt Isa, Prince played for the North Queensland Cowboys, Brisbane Broncos, West Tigers, Gold Coast Titans, indigenous All Stars and the QLD State of Origin Maroons during his career.However, his wife works full time on the Gold Coast and their two teenager daughters attend school locally.Scott Prince and his wife Kristy.“The girls love the school and we don’t want to uproot them and of course we all love the Gold Coast lifestyle,” Prince said.“This literally was our dream home that we designed and built with Adenbrook Homes — I am sure it will easily become someone else’s dream home.“Being on the water is what the Gold Coast is all about, it’s a great family home and also a great spot for entertaining.”More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe house was built in 2012.The Prince’s purchased the original house for $1.3 million in 2008.They knocked it down and rebuilt in 2012 after doing extensive ground works to elevate the block.It features a pool, waterfront entertainment area, media room, an open-plan design and city skyline and hinterland views.The property sits on a waterfront block.The property is listed with Scott Euler and Nicola Buchanan of @realty and is set to go under the hammer on June 8.“These north-facing blocks at Garden Grove are highly coveted on prestigious Main River,” Mr Euler said.“The extra large block size (1424sq m) and recently built home make the most of this premier location.”The house has been the site of a fence feud between Prince and his neighbours, with criminal charges laid after the next door residents cut down palings.The neighbours were forced to pay more than $2000 towards a new fence and one was charged with wilful damage.mikaela.day@news.com.auVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenNRL stars tackling the property game00:50last_img read more

Ten Gold Coast suburbs you might not have been able to afford a year ago

first_imgCoreLogic’s Cameron Kusher said the price falls had hit suburb’s across Australia.Median house price falls had happened to suburbs across Australia, CoreLogic head of research Cameron Kusher said in a statement this week commenting on a new report in housing market values. “Late in 2017 dwelling values started to fall, with the declines most pronounced across highervalue housing stock,” he said. “Despite the recent fall in values across most cities, at a suburb level values typically remain higher than they were five years ago.” Ray White Surfers Paradise CEO Andrew Bell said buyers should move fast. Picture: Glenn Hampson.Ray White Surfers Paradise CEO Andrew Bell said the price falls had created opportunities for buyers to break into certain areas, but said they must act fast. “There’s a shifting wave of buyer demand and that explains why one area will jump in value whilst other areas don’t seem to see the same price growth,” he said. “That’s also a factor when a market is going through a price correction. You will see some suburbs give up more than others.“Those that have had some price correction will most likely get more attention from buyers now because they will look like good value, so people need to move quickly.” MORE NEWS: TV Identity’s English manor hits the right note 1. Wongawallan — 16.2 per cent drop from $990,000 to $830,000. 2. Mermaid Beach — 11.3 per cent drop from $1.55 million to $1.375 million. 3. Hollywell — 11.2 per cent drop from $782,000 to $694,500. 4. Worongary — 8.3 per cent drop from $615,000 to $564,000.5. Miami — 6.5 per cent drop from $749,000 to $700,000.6. Ormeau Hills — 5.2 per cent drop from $530,000 to $502,500.7. Bonogin — 4.8 per cent drop from $830,000 to $790,000.8. Southport — 4.8 per cent drop from $575,000 to $547,500.9. Gilston — 4.8 per cent drop from $630,000 to $600,000.10. Arundel — 4.3 per cent drop from $757,000 to $550,000. Source: CoreLogic Mr Bell said in an area like Wongawallan the decline may be due to the higher-end homes not selling, but said there was still a lot of activity with the lower-priced stock. “It’s not unusual in a price correction mode for the top end to almost stop altogether but the activity continue at the lower end, which can have a big impact on the median price.” House price falls are opening up new opportunities for buyers on the Gold Coast.PROPERTY price falls are offering house hunters the chance to buy into suburbs they may have not been able to afford 12 months ago. Ten Gold Coast suburbs have had median house price drops of 4.3 per cent or more, allowing buyers to bag bargains.Latest CoreLogic figures show Wongawallan’s median house price has dropped the most, declining 16.2 per cent or $160,000 to $830,000. The median in Mermaid Beach, the Glitter Strip’s priciest suburb, also recorded a big fall of $175,000. MORE NEWS: Mansion snapped up in three days center_img There might be a few suburbs you didn’t think you could afford. Picture: Luke Drew Ten suburbs you may not have been able to afford 12 months ago REIQ Gold Coast chairman John Newlands said a lot of people have been sitting on the fence when it came to property. Picture: Steve Holland.Real Estate Institute of Queensland Gold Coast chairman John Newlands said the price drops were in part due to buyers and sellers fence sitting. “A lot of people have been waiting and watching … because they were not sure what the market was doing,” he said. “But they have now seen that our market has performed quite well, we haven’t really had the losses as other cities.” Mr Newlands said buyers could take advantage of the current market conditions by having their finance in place. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“If they get their financial situation in place that would go well with a lot of sellers who might give it to them at a reduced price knowing they will definitely get the sale,” he said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:25Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:25 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p288p288pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDavid Koch puts property price falls in perspective01:26last_img read more

Investigation launched after worker suffers injuries on rig off Canada

first_imgAn investigation has been launched after an offshore worker has suffered injuries on a Transocean-owned drilling rig operating for Suncor Energy offshore Canada. Canadian regulator, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), reported on Monday it had initiated a formal investigation into an incident reported by Suncor Energy on September 6, 2019.Earlier that same day, a Transocean employee on the Mobile Offshore Drilling Unit (MODU) Transocean Barents was injured while preparing the rig for forecasted weather. The worker was caught between a steel adapter weighing 1400kg and a rail during crane operations.An “all stop” was immediately called and the medic and emergency response team were called to the scene. The injured worker was transferred by medevac to St. John’s on Friday afternoon. The worker is currently in stable condition and remains in hospital under observation. The incident had the potential for fatality, according to the regulator.The regulator said that operations were suspended on the Transocean Barents following the incident and the area secured. Drilling operations remain suspended and will not resume until Suncor has received approval from the C-NLOPB to do so.This is not the first time for Suncor and Transocean Barents to be put under investigation. Namely, the Canadian regulator in May 2018 started an investigation following a synthetic-based mud spill from the Transocean Barents rig.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

World Ports Conference 2020 Canceled due to COVID-19 Fears

first_imgThe International Association of Ports and Harbors (IAPH) has canceled the IAPH 2020 World Ports Conference, which was due to be held from March 17 to 19 in Antwerp, Belgium.As informed, the event cancellation was prompted by coronavirus concerns.“Given the spread of COVID-19 it has been necessary to cancel in the interests of the health & safety of speakers, sponsors and attendees. In addition, the recent increase in the number of speakers and participants impacted by immediate travel restrictions by their organizations influenced this decision,” IAPH said in a statement.“We shall announce if it is feasible to postpone the event to another date in 2020 as soon as possible.”“We are very sad about having to cancel the event. We took the joint decision out of concern for the well being of all our participants. This is not just about health and safety concerns around the coronavirus. It’s also about how comfortable all our guests, presenters and colleagues feel about attending the conference at this current point in time,” Santiago Garcia Milà, IAPH’s President, explained.Held annually, the conference assesses the role of ports in global maritime trade and brings together key industry stakeholders for learning, information sharing, networking and collaboration.This year’s conference is planned to explore the theme ‘Building transparency, predictability and trust’ across four streams, each based on urgent priorities collectively facing ports and their stakeholders in 2020 — energy transition, data collaboration, risk and reputation and business innovation.last_img read more

EPL: Everton end Newcastle nine-match unbeaten run

first_imgRelatedPosts Fulham keen on Lookman loan deal Pirlo not out to copy anyone after Juventus’ comfortable opening win Ighalo: My best moment as ‘Red Devil’ Dominic Calvert-Lewin struck twice to end Newcastle’s nine-match unbeaten run at St James’ Park. The 22-year-old striker, who headed the winner in Ancelotti’s opening game against Burnley on Boxing Day, shone once again as the Toffees secured a 2-1 success. Having fired his side in front after just 13 minutes, Calvert-Lewin fumbled what turned out to be winner over the line midway through the second half shortly after Newcastle had levelled through Fabian Schar. Everton manager Ancelotti said: “I am happy. The team is improving and that is important. “The players are trying to adapt, they want to change a lot. The job Duncan Ferguson did was fantastic. The spirit was strong when we arrived.” It proved a painful defeat for Steve Bruce, who restored the likes of Andy Carroll and Jonjo Shelvey having rested them for the Boxing Day thumping at Manchester United. “I don’t think we deserved to lose,” Bruce said. “We were caught by a sucker-punch when we were going for the game. “It is the first time since August we suffered back-to-back defeats. We have given ourselves a good platform for the second half of the season.” Miguel Almiron, fresh from scoring his overdue first goal for the club last week, almost repeated the feat with under a minute on the clock but was let down by his final touch after being teed up by Joelinton. After affording another chance to Joelinton, which was saved by Jordan Pickford, Everton belatedly stirred and Mason Holgate forced a fine save out of Martin Dubravka. Four minutes later, Everton were in front. Gylfi Sigurdsson delivered a free-kick into the box at the second attempt, where it took a series of minor deflections before landing fortuitously at the feet of Calvert-Lewin to sweep home. Schar blocked a goal-bound Theo Walcott effort to prevent Everton extending their lead as the visitors began to take control. A change in formation around the half-hour mark lifted ­Newcastle, with Almiron looking much more effective in a wider role. The Paraguayan struck the post during a goalmouth scramble in the 29th minute, the ball rebounding for Carroll to prod home from close range only to be ruled offside. Almiron then hit a rising effort of his own which was acrobatically saved by Pickford. Moise Kean came close to extending Everton’s lead when he drilled a shot straight at Dubravka at the start of the second half, before Newcastle seized a chance to equalise. Jetro Willems whipped in a free-kick from the left which Carroll nodded down for Schar to hook home. Everton responded within eight minutes with a counter-attack after Carroll lost the ball on the halfway line. Linking well with Walcott on the right, Richarlison burst clear and crossed low for the unmarked Calvert-Lewin, who scrambled the ball home from point-blank range.Tags: Carlo AncelottiDominic Calvert-LewinEvertonJonjo ShelveyPremier Leaguelast_img read more

El Salvador players refuse bribe to fix World Cup match

first_imgEL SALVADOR’S national football team say they have refused a bribe to fix yesterday’s World Cup 2018 qualifying game against Canada.At a news conference, team members played an audio recording of the person allegedly offering various incentives.Canada must beat El Salvador – who cannot qualify – in Vancouver, and hope Mexico defeat Honduras in the final round of Group A games to stand a chance of progressing.FIFA confirmed it is investigating.“It’s the most dramatic thing in football I’ve seen for some time” investigative journalist Declan Hill told the BBC World Service. “The entire team came in with their coaches and said they had been approached on Saturday.“They played an 11-minute conversation with the attempted match-fixer. He was offering each player a variety of money per minute depending on the result they could get. The most they would have got for allegedly fixing the match would have been about $3 000 per player.”Hill said the offer was allegedly made by an El Salvadorian who knew some of the players, but who wanted to aid the Honduras national team.The BBC has approached the Honduras football association for comment.A FIFA spokesman said it is “aware of the claims” and that “in cooperation with the respective organisations and authorities, FIFA is looking into this matter”.Canada, El Salvador, Honduras and Mexico are members of the Confederation of North, Central America and Caribbean Association Football (CONCACAF).Three CONCACAF nations will automatically qualify for the 2018 World Cup, which is being staged in Russia, with a fourth entering a play-off against a team from the Asian Football Confederation.(BBC Sport)last_img read more