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Category: chgxkidyfzrbeimj Government unveils new rule to guarantee loans for MSMEs as risk aversion rises
The government has unveiled a new rule to guarantee working capital loans for micro, small and medium enterprises (MSMEs) in a bid to boost credit disbursement from banks, as risk aversion increases amid the COVID-19 pandemic.Finance Ministry Regulation (PMK) No. 71/2020 published on Monday stipulates that the government will assign state-owned credit insurer Jaminan Kredit Indonesia (Jamkrindo) and state-owned insurer Asuransi Kredit Indonesia (Askrindo) to provide guarantees for banks to channel loans to MSMEs.The government has allocated Rp 12 trillion (US$839.07 million) to guarantee working capital loans, which consists of Rp 10 trillion for guarantee services and another Rp 2 trillion in reserves. The government has allocated Rp 695.2 trillion to fight the health and economic impacts of the pandemic, of which Rp 87.55 trillion will be allocated to health care, Rp 203.9 trillion to strengthening social safety nets and Rp 123.46 trillion to incentives for MSMEs, among other measures.The PMK also outlines several criteria for banks to receive the state guarantees, such as they must have a good reputation, be considered healthy by the Financial Services Authority (OJK) and bear a minimum of 20 percent risk from providing the working capital loans.The government has also put in place several criteria for MSMEs to be eligible to get the state guarantees, such as a good credit record and a proposed maximum loan value of Rp 10 billion.“We used to have 12 percent credit growth [annually] but what I have now is only 3 to 4 percent. It’s lucky enough to even have positive credit growth,” Sri Mulyani said, adding that the growth was driven by loans to the healthcare, as well as food and beverages, segments.Indonesia’s loan growth slowed to 5.7 percent year-on-year (yoy) in April from the 7.9 percent annual growth recorded in March, Bank Indonesia (BI) data show, as the pandemic discouraged loan demand amid disrupted business activity. At the same time, some borrowers have been facing difficulties in repaying their loans.OJK data show that Indonesian banks had provided 6.35 million borrowers with credit restructuring worth Rp 695.3 trillion as of June 22, following the issuance of OJK Regulation No. 11/2020, which instructed financial institutions to provide relief for borrowers affected by the COVID-19 pandemic.“Credit restructuring has grown significantly in banks in the BUKU IV [category], with the highest growth recorded in the trade sector,” OJK chairman Wimboh Santoso told lawmakers in a hearing on Monday. “We will ask banks to start providing loans for borrowers again.”As part of its efforts to boost loan channeling, the government announced last week that it would place Rp 30 trillion in state-owned banks, associated under the auspices of Himbara, to be disbursed as loans to businesses to help support economic recovery.The government is following through on its promise to allocate fund placements in banks worth Rp 82.2 trillion to help their liquidity as they conduct credit restructuring for MSMEs and labor-intensive businesses affected by the pandemic.The fund placement and the working capital loan guarantee are part of the government’s Rp 695.2 trillion budget to mitigate the impact of COVID-19.Topics : Finance Minister Sri Mulyani Indrawati said the government would soon implement the insurance scheme, adding that the policy aimed at pushing banks to channel more loans to MSMEs whose businesses have been heavily disrupted by the pandemic.“We are introducing risk management for new working capital loans so that banks feel safe to lend again and companies feel protected as the government will pay the insurance for them,” she told a discussion on Monday, warning that risk aversion might further delay the economic recovery.“Risk aversion is exactly what is happening now as banks and businesses do not want to restart the working capital disbursement after debt restructuring,” Sri Mulyani went on to say. “The economy will not grow if they wait for all the restructuring processes to be completed, which will take months.”The government has been struggling to keep the economic wheels turning since the COVID-19 outbreak forced people to stay at home to contain the coronavirus spread. It has started to gradually reopen the economy despite an increase in the number of cases as the economy is expected to grow by just 1 percent this year under the baseline scenario or even contract by 0.4 percent under the worst-case scenario.
Category: chgxkidyfzrbeimj Dodge City Raceway Park mid-season championships this Saturday
By Lonnie Wheatley DODGE CITY, Kan. – The dirt will be flying at Dodge City Raceway Park this Saturday night as the 3/8-mile clay oval in southwest Kansas hosts the Mid-Season Championships. Holiday Inn Express & Suites Dodge City located at 201 4th Avenue is the official lodging partner of Dodge City Raceway Park. Race fans staying at the Holiday Inn & Suites Dodge City will want to request the special DCRP rate for their visit when making reservations. Contact the Holiday Inn Express at 620 225-1000. Saturday’s action that gets under way at 7:30 p.m. also offers $5 admission for those that are members of a church group and wearing their group’s apparel. Otherwise, general admission is $12 with children 11 and under admitted free when accompanied by an adult. With the title chases all heating up, the Precise Racing Products DCRP Sprint Cars, IMCA Modifieds, IMCA SportMods, IMCA Sunoco Stock Cars and IMCA Sunoco Hobby Stock will all battle it out.
Category: chgxkidyfzrbeimj Indiana unemployment rate continues to fall in June
Statewide—Indiana’s unemployment rate drops to 3.5 percent for June and remains lower than the national rate of 3.7 percent.Ohio’s rate also dropped to 4.0 %. Kentucky’s unemployment was up by a tenth of a percent to 4.1%.
Category: chgxkidyfzrbeimj Hammers leave it late
Press Association Lennox Lewis revealed he had given West Ham a pre-match prep talk ahead of their clash with fellow Barclays Premier League strugglers Norwich – and it was James Collins and Mohamed Diame who delivered the late knockout blows that gave the Hammers a 2-0 victory. The Canaries would have won the tentative battle on points after creating most of the better openings in the game but Collins arrived just in time to head home an 84th-minute chance – with Norwich goalkeeper John Ruddy culpable of coming to collect the delivery and getting caught out. With the visitors chasing a late equaliser they were then exposed at the back, allowing second-half substitute Diame to wrap up the win late in stoppage time. Former undisputed world heavyweight champion and Hammers fan Lewis was paraded to the supporters before the game, with both sides then sparring for the majority of the 90 minutes as not losing the game became paramount to their respective survival bids. It was Norwich, and striker Gary Hooper, who passed up a number of gilt-edged chances to secure the three points, with Hammers goalkeeper Adrian again in top form. Robert Snodgrass and Alex Tettey also found the Spaniard in the way as they looked to secure a third away league win of the campaign, with West Ham rarely able to trouble Ruddy in the Canaries’ goal. Sam Allardyce’s side were lacking the spearhead of Andy Carroll and only Diame truly tested Ruddy before the England goalkeeper went missing for Collins’ late show. The win takes Sam Allardyce’s side up to 10th in the table as they won three consecutive games in the top flight for the first time since the end of the 2006/07 season. Hooper, whose first league goal for Norwich came in their 3-1 win over the Hammers back in November, came close to opening the scoring on nine minutes as his header from Nathan Redmond’s cross forced Adrian to push the ball away and it was cleared behind for a corner to the visitors. It was Adrian who once again came to West Ham’s rescue as Snodgrass timed a forward run to perfection and was found by the busy Redmond. But the Scotland winger took a heavy touch, giving the goalkeeper time to narrow the angle and keep out the resulting shot. The Norwich defence then almost paid for their collective inability to clear the ball as Matt Jarvis curled an effort towards goal but it proved simple for Ruddy to collect. The Canaries were finding gaps in the final third on regular occasions, with Hooper creating another chance after chasing a seemingly lost cause. He played the ball across to Redmond, with Snodgrass picked out on the overlap and his cross only just evading the onrushing Bradley Johnson as the home fans became increasingly restless. The slow-starting Hammers were reduced to looking for spectacular ways to beat Ruddy and it was Mark Noble who was next to send a long-range effort straight at the England man. As the half wore on the hosts started to enjoy more sustained pressure on the Norwich goal as Stewart Downing fired over before delivering a teasing cross that was well cleared by Norwich skipper Sebastien Bassong. Adrian was again on hand to keep the scores level, this time pushing Tettey’s shot behind for a corner as the visitors worked their way through the West Ham backline. Hooper spurned another chance to open the scoring early in the second half, this time collecting Tettey’s speculative effort but only managing to roll a tame effort into the gloves of Adrian when free on the edge of the penalty area. The former Celtic striker was the man who looked most likely to provide a winning goal for the visitors but he was thwarted by Adrian yet again as he shot from an acute angle after being picked out by Johnson. Ruddy made a great save moments later as Kevin Nolan slipped the ball through to substitute Diame, whose low effort was turned behind by the Norwich goalkeeper. West Ham, on the ropes for much of the contest, then came out fighting at the death as a short free-kick to Diame was crossed towards Collins and, with Ruddy rushing out and getting nowhere near the ball, the Wales defender steered the ball home to put West Ham ahead. As Chris Hughton’s side searched in vain for a dramatic, and deserved, equaliser, Diame was freed into a barren Norwich half and turned the ball home courtesy of a heavy deflection to send the home fans into raptures at the final whistle.
Category: chgxkidyfzrbeimj Hawks best Trojan soccer
Latest posts by Liz Graves (see all) Mount Desert Island High School varsity soccer players Bailey Moore, at center, and Jack Sasner, right, race opponents to be first to the ball Friday as MDI took on John Bapst. MDI won the game 4-3.HERMON — The Mount Desert Island High School varsity boys soccer team fell to Hermon Tuesday evening 3-1, bringing the team to a 1-3 record on the scene. The Trojans’ one goal came from Joe Grubb. “The score didn’t reflect the composure and effort the boys put forth on the field,” coach Tyler Frank said. “I certainly am not discouraged.”MDI 4 – John Bapst 3This is placeholder textThis is placeholder textSophomore forward Joe Grubb scored three goals in the first half of the game when the Trojans hosted John Bapst Thursday, Sept. 18. On defense, William Miller had several important interceptions, and Ryan Bender, Thomas Paola and Nick Ressel turned around every Crusader attack.Forward Jack Sasner had a header to bring the ball down to the ground after a long pass. Will Greene pushed up toward the Bapst goal, and their keeper ran out to kick the ball before a shot was attempted. Grubb broke free of his defender and made his second goal with a shot that was low to the ground. Greene made another shot that went just barely wide. Grubb scored again with eleven minutes left in the first half.Strong passing gave MDI the upper hand for the rest of the half, but the score stayed at 3-0.Junior midfielder Zak Charette scored at the top of the second half to bring the score to 4-0. Grubb made two shot attempts, one of them on a Kendrew VanGorder assist. One bounced off the crossbar, and the Bapst keeper saved the other. A shot by Sasner also hit the top of the crossbar.The Crusaders made their first goal with 26 minutes left in the game. The score was 4-1. MDI goalkeeper Simon Hulbert had several blocks and saves as Bapst stepped up their offense. MDI defenders Miller and Chase McKim hustled to stay ahead of them.Bailey Moore made several shot attempts. Bapst scored again to narrow their deficit to 4-2. In the final five minutes, VanGorder and Sasner each fought through tough defense to make shots on goal.With two minutes left to play, Bapst made one more goal. The score was 4-4. Hulbert blocked a shot, but the whole team was clustered at the MDI goal, including the Bapst goalie. Charette made the kick to send the ball back to midfield and keep the Crusaders from scoring and sending the game into overtime.Coach Tyler Frank said while it was not the best kind of win, it was a good game to learn from. “We still need to work on those balls in front. When we go off our game, we tend to migrate toward the middle. We keep looking for those combinations of people and plays that bring opportunities for goals.”The team is set to host Foxcroft Sept. 25 at 4 p.m. and head to Ellsworth Tuesday, Sept. 30, for a 6 p.m. game. Bio MDI Hospital to begin contact tracing – August 5, 2020 Keene appeals his 2019 murder conviction – July 30, 2020 Luchini named to Maine Running Hall of Fame – August 12, 2020 Liz GravesReporter at Mount Desert IslanderFormer Islander reporter and editor Liz Graves grew up in California and came to Maine as a schooner sailor. Latest Posts
Category: chgxkidyfzrbeimj Bacchus secures GCB presidential role
ACTING president of the Guyana Cricket Board (GCB) Fizul Bacchus secured the role full-time, following Sunday’s 26th Annual General Meeting (AGM) Bacchus, current president of the Essequibo Cricket Board (ECB) led the GCB for close to two years before delegates threw their full support behind his permanent installation as head.Recently elected Demerara Cricket Board (DCB) president and Bacchus’s predecessor, Drubahadur, makes a return to the executive role as he was named vice-president of the GCB.Colin Europe returns as Chairman of Competitions Committee while long-serving secretary Anand Sanasie will also resume his duties.Also returning to his post as Chairman of the Senior Selection Panel is West Indies Women’s Assistant coach, Rayon Griffith, with veteran selector Nazimul Drepaul overseeing the junior panel.Bacchus confirmed that an executive meeting will be arranged soon in order to appoint committees, while Sanasie, the longest-serving executive at the GCB, added that the board is geared towards securing more sponsorship going forward.He welcomed the new executives adding that GCB plans to continue promoting the game and organising league cricket while looking to expand on the building of more practice facilities following the unveiling of the two at Parika and Everest Cricket groundGCB executive bodyPresident – Mr Fizul BacchusVice President – Mr DrubahadurVice President- Mr David BlackSecretary- Mr Anand SanasieAsst. Secretary- Mr Anil PersaudTreasurer – Mr Anand KalladeenAsst. Treasurer- Mr Rahaman ‘Buddy’ KhanMarketing Manager – Mr Lalta GaindaPRO – Mr Andy RamnarineCompetitions Committee Chairman – Mr Colin EuropeThe Trustees are: Mr Lalta ‘Rishi’ Digamber, Ms Tamika JohnsonThe Auditors are PKF, Barcellos, Narine & Co.
Category: chgxkidyfzrbeimj Nigeria Players’ Union Insists Izu Joseph Was Murdered in Cold Blood
Nigeria Professional Footballers Association has insisted Shooting Stars defender, Izu Joseph, was murdered in cold blood.The Nigerian army however insisted that the player was killed around a notorious cultists’ den.But secretary general of the Nigeria Professional Footballers Association, Austin Popo, said he personally conducted an on-the-spot investigation of the incident.“I went to Okaki village with colleagues in order to establish the facts on the murder of Izu,” he said.“I was informed the soldiers had come to raid a shrine close to where Izu was murdered in cold blood.“But to my greatest surprise, there was no shrine at all close to the stream.”Popo disclosed the union will fight that justice be done in this matter.“Justice is all that we ask for,” he stated.“It’s very sad that the soldiers who are meant to be securing lives and properties now derive joy in killing innocent civilians.“We have written to the Nigeria Football Federation (NFF) and the House of Representatives Sports Committee. Next, we are going to commence our protest on the pages of the newspapers.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
Category: chgxkidyfzrbeimj Gallery: Syracuse women’s basketball edged by No. 7 Notre Dame, 85-80
Nearly 12,000 fans packed the Carrier Dome Sunday night to see No. 21 Syracuse (18-9, 9-5 Atlantic Coast) fall just short of upsetting No. 7 Notre Dame (25-3, 13-1). Backed by All-American Brianna Turner, the Fighting Irish outscored SU by 13 points in the second half to edge out the victory. Comments Published on February 20, 2017 at 1:30 am Facebook Twitter Google+
Category: chgxkidyfzrbeimj Countdown to County Senior Hurling Final.
The 2014 final will throw-in at 3:30 at Semple Stadium this Sunday and you can hear live coverage here on Tipp FM, with our big-match build-up getting underway from 3 o’clock. Loughmore Castleiney and Thurles Sarsfields are preparing for their County Senior Hurling Championship showdown this weekend.Loughmore – who won last year’s senior hurling and football titles – are aiming to defend their title but Sars are chasing their own bit of history, as they are also in the Intermediate Hurling Final.Coach with Thurles Sarsfields Paddy McCormack admits it’s a special time for them as they have yet to win an Intermediate hurling title.