More W1 surplus space

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Wireless security: Sign language

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Omnibus bill could hurt labor, environmental protections: World Bank

first_imgShe said the bill “is basically not helping Indonesia,” as it proposed loosening environmental protection requirements, which could negatively affect the livelihoods of those that depended on the country’s natural assets.Read also: Businesses push for acceleration of omnibus bill deliberations despite concernsThe omnibus bill seeks to revise 79 prevailing laws and more than 1,200 articles, from labor and mining regulations to business license and environmental laws, to cut red tape and attract investment to the country.However, observers have criticized the stronger role of the central government in the bill while environmentalists have warned that less stringent environmental impact analyses and building permit requirements will result in unsustainable growth. Labor unions also oppose the draft as they fear it will jeopardize labor rights. The proposed reform was aimed at reducing delays in obtaining environmental permits, yet the World Bank report noted that these delays were caused by “cumbersome processing and arbitrary and corrupt implementation, rather than the protection enshrined in the environmental law”.“The omnibus bill has the potential to turbocharge economic recovery, but some reforms could be detrimental to the economy and some pitfalls should be avoided,” World Bank lead economist for Indonesia Frederico Gil Sander said during the same event.“The bill also includes reforms that could be detrimental to the environment, health and safety and incomes of Indonesians – dropping them or modifying them will ensure the bill brings maximum benefits to everyone.”Read also: Govt expects deliberations on job creation omnibus bill to finish in AugustThe World Bank report noted that the bill had the potential to support post-COVID-19 recovery in the near term, while setting the foundations for faster long-term growth.The government is struggling to attract investment to help spur recovery of the virus-hit economy. Indonesia’s GDP is expected to shrink 0.4 percent this year in the worst-case scenario, or grow only 1 percent in the baseline scenario as the coronavirus outbreak paralyzes business activity.The World Bank, based in Washington, DC, projects the Indonesian economy to book zero percent growth this year or even contract 2 percent if mobility restrictions are imposed again in the future as COVID-19 cases soar.Kahkonen said the bank would like to see a clear plan for unemployment, the benefits system and the adjustment of severance pay.The bill’s proposed revisions to the Manpower Law could reduce protections for workers, a particularly problematic proposition at a time when unemployment is soaring, the report reads.Read also: Most Indonesians who are aware of job creation bill support it: Survey“Right now the omnibus bill is somewhat vague,” she noted. “This [modification] is something that can be done and we hope it can be done before the omnibus bill is passed by the House,” she said.Businesspeople, however, are pushing the government and the House to accelerate the deliberation, saying the regulation would help them stay afloat amid the pandemic.“The COVID-19 pandemic has made the bill even more relevant and essential to support economic recovery,” Indonesian Chamber of Commerce and Industry (Kadin) deputy chairwoman Shinta Kamdani said on Wednesday.“We need structural reform and a greater amount of investment to offset the job losses caused by the pandemic.”Topics : The World Bank has expressed strong criticism toward the omnibus bill on job creation, arguing that the proposed reform currently under deliberation at the House of Representatives could adversely affect the environment and labor rights.World Bank Indonesia and Timor Leste country director Satu Kahkonen said the bill was very much needed so Indonesia could attract foreign investors. However, she expressed concerns about the environmental and labor aspects of the bill.“It’s going to move Indonesia’s environmental legislation further away from the implementation of best practices,” Kahkonen said during a virtual launch of the Indonesia Economic Prospect report on Thursday.last_img read more

Three units have sold at Mermaid Beach’s luxury development Elysium

first_imgElysium, 19 Seashell Ave. Ron London.Stone bench tops, porcelain wall tiles and feature tap-ware add to the luxury design. London Estate principal, Ron London has sold three of the apartments already with one under contract. “All three buyers so far are from the Gold Coast, and two are actually from Mermaid Beach,” Mr London said.“Not many developments like this pop up on Mermaid Beach, it is a triple block and you really can’t find space like that in this suburb anymore.” Elysium, 19 Seashell Ave. Ron London.CONSTRUCTION on Mermaid Beach’s luxury tower, Elysium, has officially begun. With apartments priced from $1.795 million, the nine-level tower is Howard Groups latest development. Roughly 65 steps to the sand, Elysium, is located at 13 Montana Rd and compromises nine three-bedroom and four-bathroom apartments. Ron London from London Estate Agents and Sotheby’s agent Kerry-Jayne Broad are marketing the development. More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North7 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoElysium, 19 Seashell Ave. Ron London.Residents will be able to move into their news homes next year in April. Designed by BDA Architects, the project offers expansive views over the park to Broadbeach and Surfers Paradise. The apartments will also feature three metre high ceilings, space for three cars and an expansive balcony that is finished with timber decking. last_img read more

Swiss pension funds’ alternatives allocation hits double digits [updated]

first_imgIt found that real estate allocations amounted to 20%, the highest level in more than 20 years – “concrete gold” continued to appeal, said Complementa.Pension funds’ domestic bias in this asset class remained high compared with their equity and fixed income investments, with 85% of property investments in Switzerland.Foreign currency exposure was at a historical low of 14.6%.As indicated by interim results from the consultancy’s study in May, Swiss pension funds had recovered from the effect of the equity downturn in the final quarter of 2018. Swiss pension funds’ allocation to alternative assets has reached double digits for the first time, according to a study by consultancy Complementa.Investments in insurance-linked securities, private debt and infrastructure were behind the growth in alternatives to 10%, the consultancy reported.Pension funds had turned to these asset classes as substitutes for bonds in response to the low interest rate environment, it said.The consultancy surveyed 437 pension providers with CHF649bn (€589bn) in assets under management in aggregate for what was its 25th annual “risk check-up” study. One in 10 Swiss pension funds are underfunded, according to ComplementaThe full results of Complementa’s study showed that the surveyed pension providers’ investments returned an average 7.9% over the first eight months of the year. Funding levels shot up by 6.4% to 109.1% at the end of August, compared with the beginning of 2019. The discount rate in 2018 was 2.1% as at the end of December.However, with the fall in rates over the past few months, Complementa forecast returns of only 2.1% for the full year of 2019 based on pension funds’ current asset mix, compared with a long-term return requirement of 2.4%.The scope for closing this gap with the help of changes to the asset mix was limited, however, according to the consultancy. It noted that the last quarter of 2018 had led to one in 10 pension funds being underfunded.“Even though many of these recovered in 2019, out of risk considerations they won’t be stepping up their equity allocation,” said Complementa in a statement.Benefit cuts on the agendaThe pension funds have been cutting benefits in response to the low interest rate environment, according to the consultancy.In 2018 the accrual rate applied to active members’ savings was 1.5%, a record low, it said. Although the pension funds might apply a higher rate this year, it would very likely fall below 1.5% in the coming years, Complementa predicted.In addition, the conversion rates applied upon a members’ retirement to determine their annual pension were also falling. This year the rate was 5.63%, 18 basis points lower than last year and 50 basis points lower than in 2015.In other words, a pension fund member retiring in 2019 would on average be receiving 8.2% less than if s/he had retired four years ago.According to the surveyed pension funds’ indications, the average conversion rate would fall to 5.3% by 2024, although the Complementa consultants said they expected a bigger reduction.The minimum legally prescribed conversion rate for savings accrued on the basis of mandatory contributions is 6.8%, but Swiss pension funds with contribution rates above the mandatory level can apply lower conversion rates to the totality of members’ accrued savings.The article was updated to clarify that the forecast 2.4% return requirement is a long-term requirementlast_img read more

Frances L. Manlief, 97

first_imgFrances L. Manlief, 97, Greensburg, Indiana, passed away on Wednesday, May 4, 2016 at the Aspen Place Health Campus in Greensburg.Born May 14, 1918 in Jennings County, Indiana, she was the daughter of Frank and Bertha (Baker) Montgomery.Frances was a 1935 graduate of Westport High School. She was a member of the Westport 1st Baptist Church.She was married to William D. “Bill” Manlief on October 30, 1937 in Carrollton, Kentucky and he preceded her in death on November 4, 1992.She is survived by six grandchildren, Mike (Teresa) Manlief, Tuscaloosa, AL, Ann Manlief, Greensburg, Vicki (Todd) Houk, Greensburg, Kelly (Scott) Johnson, Bluffton, Fred Manlief, Greensburg, Lisa (Phil) Menkedick, Greensburg; 14 great grandchildren, 4 great great grandchildren and one great great grandchild on the way; daughter-in-law, Marcia (Dick) Manlief Foley, Greensburg, Sister-in-law, Helen Speer, Greensburg, several nieces and nephews including Judy Brashars, Greensburg.She was preceded in death by her parents, husband; one son, Robert “Bob” Manlief; one brother, Virgil Montgomery; two sisters, Ruby Bruneau, Clara Mae Miller.Visitation will be held on Saturday from 9 to 11:00 a.m. at the Porter-Oliger-Pearson Funeral Home in Greensburg.Funeral Services will be held at 11:00 a.m. on Saturday, May 7, 2016 at the funeral home with Rev. Greg Redd officiating.Interment will be held in the South Park Cemetery.Memorials may be made to the Hospice of South Central Indiana.Online condolences can be made to the family at www.popfuneralhome.comlast_img read more

English press places Guardiola back at Barça

first_img Pep Guardiola has only one more year of contract with City. The negotiations about his future, as ‘Express’ point out, will take place when the season finishes. Then it will be known whether or not City can play the next Champions League. The team’s performance in the competition itself will also depend on its future. With a foot and a half in the final phase of Lisbon, after winning does what seems like an eternity to Madrid at the Bernabeu in the first leg of the round, not winning the longed-for Champions would be seen as another disappointment. Pep Guardiola put his players through their paces  Read Also: Video: Bruce tried to tap up De Bruyne during post-match interview Whether true or not, the rumour makes sense. Barcelona, after two bad results with draws, has slim chances of winning LaLiga. Quique Setién, who arrived in winter after Valderde’s sacking, is in trouble. Barça is not doing well, and the return of the coach who gave them 14 titles in four seasons is seen as the solution to all problems. FacebookTwitterWhatsAppEmail分享 Loading… Not even 24 hours have passed since the setback in Vigo, and rumours of Pep Guardiola’s return to Barcelona are once again setting the British press on fire. They say that Barça wants him back, because Setién does not fit in, and to achieve this he would rely on the sanction to City being maintained. English press place Guardiola back at Barça Rumours linking Pep to Barcelona are not new. In fact, some people have been dreaming of Guardiola’s return since the day he left. But now the endless rumour has made a comeback. Two factors come together to give him credibility: the crisis of play and results of Barcelona, and the sanction Manchester City is exposed to, which could leave him without UCL football. With Liverpool already champions, newspapers had to be sold. And nothing like a good front page to achieve this: with Barcelona in crisis, could Guardiola be on his way back? “Barça wants Pep back,” headlined the ‘Express’ on Sunday in its sports section. “And the Spanish giant believes it is possible if City’s appeal is rejected,” he said at the foot. In its digital version, the newspaper goes further: “Barcelona plans a meeting with the Manchester City coach Pep Guardiola”, subtitles the news. That is, the English themselves, for whatever reason, somehow conside that it is possible. And why not? No matter how much Guardiola has reaffirmed his commitment to City, whether or not there is a sanction that will leave him out of the Champions League, coaching a team with only domestic aspirations is a waste of his genius.last_img read more

Ward wins at Crystal

first_imgCRYSTAL, Mich. (May 27) – A.J. Ward won a very competitive Lane Automotive IMCA Modified feature Saturday at Crystal Motor Speedway.A strong-running Austin Wonch was second and Brenten DeYoung came home third, followed by Myron DeYoung and Chad Wernette.last_img

Madrid sign Bale on six-year deal

first_img Madrid announced on their website: “Real Madrid and Tottenham Hotspur have reached an agreement for the transfer of Gareth Bale, who will be contracted to the club for the next six seasons.” The deal is subject to Bale passing a medical with the nine-time European champions, with all other details resolved. Real say the 24-year-old will be presented as their new player at the Bernabeu on Monday at noon UK time. Spurs manager Andre Villas-Boas, speaking after Tottenham’s 1-0 defeat at Arsenal, confirmed Bale was leaving for the Bernabeu. “He is going to join Real Madrid so we wish him all the best,” said the Portuguese. “The player is an absolutely wonderful player. He has left us with some great memories from last season which every Tottenham fan cherishes, but he has moved on and we will move on as well.” Spurs had initially resisted Real’s advances, but chairman Daniel Levy explained he had no option but to let the Welshman go after the player’s head was turned. “Gareth was a player we had absolutely no intention of selling as we look to build for the future,” Levy told Tottenham’s website. Press Association After almost two months of speculation and negotiation, Madrid and Spurs both announced the transfer on Sunday evening. Press Association Sport understands Real have paid 100 million euros (£85.3million) for Bale’s signature. Real Madrid have confirmed the world-record signing of Gareth Bale from Tottenham. “He is a player whose career we have fostered and developed and he was only a year into his new four-year contract. “Such has been the attention from Real Madrid and so great is Gareth’s desire to join them, that we have taken the view that the player will not be sufficiently committed to our campaign in the current season. “We have, therefore, with great reluctance, agreed to this sale and do so in the knowledge that we have an exceptionally strong squad to which we have added no fewer than seven top internationals. More importantly, we have an immense team spirit and a dressing room that is hungry for success. “We wish Gareth all the best in the future and he shall always be welcome at (White Hart) Lane.” last_img read more

Monk demands reaction from Swans

first_img Swansea sit 12th in the standings after last weekend’s battling 4-3 loss at Liverpool, but just four points separate the club from the relegation zone, with Palace two points worse off in 16th. A win for either side would represent a massive step towards safety, and Monk hopes some good can come from the pain of Naples. “The idea is to take the disappointment from going out of the competition into Sunday’s game,” said Monk, whose team will earn a welcome break after Sunday’s game with their next scheduled opponents, Arsenal, on FA Cup duty the following weekend. “Hopefully we will get the reaction that we want after our disappointment. “I will request my players give one last mammoth effort before we get a two-week break.” Although a welcome rest period is on the horizon, Monk has not ruled out making several changes for the clash with the Eagles as he looks to keep his squad fresh. “I based my selection for the game against Napoli a little bit on the Palace match because you have to,” he said. “As I’ve said before, it’s impossible for me to play the same 11 players every single game in this period. We’ve had a lot of games, with the Palace game it will be seven games in 21 days, which is a lot to take on for a player, physically. Swansea boss Garry Monk has called on his players to channel the hurt of their Europa League elimination into their performance against Crystal Palace on Sunday. The Swans bowed out of Europe at the last-32 stage on Thursday after a fighting 3-1 reverse at Napoli, a game which remained in the balance until added time when Gokhan Inler’s strike finally killed the tie off. The end of their European ambitions has come as a bitter disappointment to Swansea’s players, but one positive to take is that they are now free to focus solely on their battle for Barclays Premier League survival. “What I’m asking them to do is very demanding. As a coach you have to bear that in mind.” Monk expects Nathan Dyer to be fit for Sunday despite picking up an injury in Naples. Dyer came off shortly after the hour mark on Thursday night but Monk said: “Nathan landed on his heel, he had some pain but he will be okay.” Fellow midfielder Leon Britton was rested from the game as a precaution following a knock to his knee but he is expected to return, while Jonjo Shelvey (hamstring) and Michu (ankle) remain notable absentees. Tony Pulis has been left frustrated by a fixture pile-up that could see Crystal Palace’s international players feature in three matches in just six days. The Eagles do not face Swansea until Sunday, and mid-week international fixtures follow, with a number of Pulis’ squad looking at playing another 90 minutes when Southampton visit Selhurst Park next Saturday. With 12 Barclays Premier League games remaining, Pulis does not want to be left counting the cost of fatigue. “I’m not pleased that we are playing late Sunday,” he said. “Then the lads go off to play on Wednesday and then come back to play Saturday. “I don’t think that is what we need at the present moment, but it isn’t just this football club, it is every football club where managers will be concerned about their players.” One thing that has pleased Pulis in the last week has been his squad’s reaction to their 2-0 defeat against Manchester United. Robin van Persie and Wayne Rooney scored the goals for the reigning champions at Selhurst Park, but Pulis has been happy with the efforts in training. “The players have been very good,” he said. “You have runs in the Premier League where you can go three, four or five games without winning. It is important that they understand that and recognise that and keep going. But they have been very good this week, they have worked hard.” Glenn Murray made his first start in nine months against United as he finally looks to put a serious knee injury behind him. The forward’s goals propelled Palace into the play-offs last season and Pulis has backed the 30-year-old to play a big part in the Eagles’ fight for top-flight survival. “I think it was a good game for him to play in in respect it was the champions of England coming to Selhurst,” Pulis added. “The crowd, the atmosphere and everything else I knew would push him on and that is what it has done. “We desperately need a fit Glenn Murray to be playing in games this year because we think he will score us the goals that will help keep us in the Premier League.” Murray was a slight doubt for Sunday’s trip to south Wales but, having been eased back from a knock suffered against United, will be fit and available at the Liberty Stadium. Jerome Thomas has also returned from a back injury, meaning Pulis has a fully-fit squad to choose from as he looks to pick up a third away win of the season to move further clear of the bottom three. Press Associationlast_img read more