Property developer Repower partners with three local banks to provide mortgage loans

first_imgPublicly listed property developer PT Repower Asia Indonesia has reached an agreement with three local banks to provide mortgage loans for the purchases of the company’s upscale housing complex in Depok, West Java.The three banks, Bank Panin Dubai Syariah, Bank Syariah Mandiri and Bank Pembangunan Daerah Kalimantan Selatan, signed the agreement with the property company in Jakarta on Monday.Under the agreement, the banks agreed to provide mortgage loans for the purchase of 73 units of Repower’s Botanical Puri Asri housing complex, with the price range at Rp 1.3 billion to Rp 2.8 billion. Read also: Property developers upset over ‘thinning’ housing loan subsidyIt is the second such partnership established by Repower with local banks. In December 2019, the property company signed a similar cooperation agreement with four other banks, Bank Mandiri, Bank BNI Syariah, Bank Tabungan Negara and Bank Panin, Repower president director Aulia Firdaus said following the signing.“We are optimistic about the cooperation with the three banks. We will be able to achieve our sales target of Rp 72.92 billion,” the company’s marketing director, Andy Kusuma Natanael, said at the same event.Despite the sluggish conditions of the property market, Andy expressed optimism that this year’s sales target could be achieved as sales had continued to increase since last year, in line with a decline in interest rates. The company’s total sales rose 176.9 percent to Rp 21.6 billion in 2019 from Rp 7.8 billion in 2018.Read also: Eco-housing projects must obtain green certificates to benefit from incentives “We are hoping that, in 2020, with the lower interest rate, the demand for new houses will increase,” Andy said, pointing to a more favorable monetary policy as a reason for his optimism.BI cut its benchmark interest rate by 25 basis points from 5 percent to 4.75 percent last month in an effort to boost economic growth. The policy was welcomed by Repower’s bank partners. The interest rate cut is expected to further reduce mortgage rates, which range between 7 and 10 percent. (ydp)center_img Topics :last_img read more

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Govt urged to send Red Cross to help displaced Papuans

first_img“Law No. 1/2018 on the Red Cross requires the organization to assist displaced persons in times of peace and conflict by taking into account the principles of humanity, equality, neutrality, independence, volunteerism, universality and others,” Emanuel said in the statement.Read also: Papua residents flee homes over fears of armed criminal group: PoliceThousands of Papuans have been displaced from their homes following a series of armed conflicts between the Indonesian Military (TNI) and the TPNPB.The TNI’s approach of aggressively hunting down pro-independence fighters in residential areas has been criticized as counterproductive, as it has resulted in the deaths of civilians rather than of the targets themselves.Military personnel allegedly shot randomly in villages in their search for the rebels, causing the deaths of dozens.Various civil society organizations have demanded the government withdraw the troops. The military campaign, however, marches on. (vny)Topics : The Papua Legal Aid Institute (LBH Papua) has urged the government to deploy Indonesian Red Cross (PMI) personnel to restive areas of Papua to provide assistance to tens of thousands internally displaced people forced to flee their homes due to conflicts between the military and the West Papua National Liberation Army (TPNPB).LBH Papua director Emanuel Gobay said in a statement on Thursday that 57,819 Papuans were currently living at evacuation camps in three regions of Nduga, Intan Jaya and Tembagapura due to the ongoing conflicts since 2018.At least 241 people reportedly died as a result of poor living conditions in their shelters, which were mostly located in forests. The displaced residents had minimum access to healthy food, clean water and medicine.last_img read more

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No internet, electricity force residents of East Manggarai to study old-fashioned way during school closures

first_imgThe Maumere Education Agency dismissed classroom teaching on Friday following the instructions for a two-week school closure by the East Nusa Tenggara administration.“My sibling and I have to study at home. I’m doing math, while my sibling learns how to read. Both of us are studying ‘manually’ without computer and internet,” he told The Jakarta Post on Saturday. Waelengga Catholic Elementary School Principal, Adrianus Panu said that the school assignments were given manually by the teachers to the students. Every morning, the teachers delivers the school assignments directly to hundreds if students.“The 14-day at-home learning policy has given us a huge challenge. We teachers also have to prepare the learning materials at home for our 290 students,” Adrianus said.  Students in the inland areas of East Manggarai regency in East Nusa Tenggara have to study using books, paper and pens while their schools are closed because of the COVID-19 pandemic since they have no electricity, internet or computers.Among them are Andreas Mariano Makur and Yohanes Jubilian Dahu Ndolu, two students from Waelengga Catholic Elementary School. They have been working on their school assignments the old-fashioned way since Saturday. Separately, a teacher of Mok Catholic Elementary School in Komba district, Ursula Manggung, said she has been preparing study materials for her students in Mok and Nunur villages for the duration. With the help of her husband she too has to deliver the assignments directly to her students’ houses while also monitoring their learning progress.East Manggarai Cultural and Education Agency head Basilius Teto said the agency instructed schools to send their students home to follow a policy set by the central government to stop the spread of the COVID-19 coronavirus.He acknowledged the policy faced hindrances in the inland areas as some villages did not have access to electricity, let alone internet access, forcing the students and teachers to carry out the home learning the old-fashioned way.“Except for the ones who live in the city, most of the students are unable to do online study since they have no access to an internet network. Many of them don’t know how to operate computers and the internet either,” he said.Meanwhile, the coordinator of the national exam proctors for high schools in East Manggarai, Lukas Samba, said that the national exams for high school and vocational school students have been postponed from its original schedule on March 30. (dpk)Topics :last_img read more

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One dies, hundreds flee their homes as floods inundate Bandung

first_imgHeavy downpour that lasted hours on Monday evening has caused floods that inundated at least 9,285 houses in six districts of Bandung regency, West Java, forcing hundreds of people to flee their homes and causing at least one fatality.National Disaster Mitigation Agency (BNPB) spokesperson Agus Wibowo said the floodwater in the southern part of Bandung ranged from 10 centimeters to 2.8 meters in depth on Tuesday afternoon, with Dayeuhkolot district, Bojong Soang district and Bale Endah district as the most affected regions.Floods hit three locations in Dayeuhkolot district, namely Dayeuhkolot village, Citeureup village and Pasawahan subdistrict, forcing 111 residents to flee their homes. “As many as 4,092 houses, eight houses of prayer and two schools have been swamped by the flood,” Agus Wibowo said in a written statement on Tuesday.He added that 4,439 houses and 26 schools in Bale Endah district were inundated with floodwaters ranging from 20 centimeters to 2.9 meters depth. Around 20,518 people living in Andir subdistrict and Bale Endah subdistrict were impacted by the flood.In Bojong Soang district, floodwaters ranging from 40 centimeters to 1.9 meters in depth swamped 45 houses in Bojong Soang village, Bojongsari village and Tegaluar village, affecting a total of 2,812 residents. “The flood affected a total of 56,251 people and forced at least 315 people to evacuate, including 24 toddlers and 28 elderly,” Agus said.A 70-year-old resident of Bojong Soang village died after slipping in floodwater when he tried to flee his residence, the West Java Disaster Mitigation Agency (BPBD) said as reported by Antara.BPBD Bandung operational management officer Iyus Setiwawan reported that the floodwater had cut off access to seven roads connecting some districts.”The BPBD is currently coordinating with the search and rescue team, district officials and volunteers to carry out an assessment and evacuation in the hardest-hit locations,” he said. (trn)Topics :last_img read more

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Coffee roasters fear port logjams could disrupt supplies

first_img“Demand has been strong,” Nelson Salvaterra, a broker in Rio de Janeiro-based Coffee New Selection, said in a telephone interview. “I’ve never sold so much coffee in March.”The type of delays that buyers fear are already on display in Uganda, where a container shortage and public transport ban are affecting shipping staff and delaying cargoes.In India, the nation’s coffee board is still issuing export permits for April, but exporters willing to sell are “few and far between” as shipments for March are still delayed at the port, Volcafe, the coffee unit of commodities trader ED&F Man, said in a report Friday.In other coffee-producing countries like Colombia and Costa Rica ports have been operating normally while a smaller-than-expected harvest in Honduras has made suppliers there tight, Salvaterra said. Topics : The world’s biggest roasters of coffee beans are looking to bring forward orders from top exporting nation Brazil as a hedge against coronavirus-related port disruptions.Nestle SA, Jacobs Douwe Egberts and Keurig Dr Pepper Inc. are among buyers requesting to have some of the coffee beans they contracted shipped earlier, people with direct knowledge of the matter said, asking not to be identified because the information is private. For instance, June shipments would be sent in April and those for July in May, the people said.While Brazilian ports are running normally, disruptions in places such as India and tight availability of containers in Uganda are prompting buyers to secure supplies quickly in case interruptions spread. Demand for accelerated coffee deliveries is widespread, with Spain and Italy the exceptions given ports there are already operating below capacity, one of the people said.center_img While JDE has asked to advance some shipments, the company is mostly picking up additional supplies needed in the spot market, the people said. The company said that since the outbreak of Covid-19 in Europe, it “has experienced a significant increase in demand forecasts from its retail customers. To accommodate this increased volume we are actively sourcing the required ingredients.”Keurig didn’t respond immediately to requests for comment. Nestle said “the supply of coffee beans remains within the deadlines agreed with the partners, and there is no change that impacts the supply in this regard.”‘Hangover’ coming?The push for early shipments comes just weeks after some of the world’s top coffee traders warned of potential disruptions. Volcafe told clients that logistical holdups were expected to become “more widespread” throughout major producing countries and Sucafina SA encouraged clients to place orders as soon as possible to ensure they get beans on time.For top coffee producer Brazil, the requests from roasters signal an increase in shipments through April.Brazil’s green coffee exports in March probably were higher than the 2.4 million bags shipped in February, Carlos Alberto Fernandes Santana, director at Empresa Interagricola SA, a unit of Ecom Agroindustrial Corp. He expects a similarly unusual increase in April.Coffee sales have also increased as consumers stockpile in their homes.“The question is now what happens from May, which is when the coronavirus impact on real coffee demand may be clearer,” he said. “What we have seen is demand being brought forward rather than an increase. We may see some hangover for the coffee market between May and June.”last_img read more

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Denmark further eases coronavirus restrictions

first_imgTopics : Denmark began reopening schools for younger children on Wednesday after a month-long closure to combat the COVID-19 pandemic, becoming the first country in Europe to do so.Hairdressers and tattoo parlors will start to reopen from Monday, and driving schools will start giving lessons again.Danish courts will also start to hear more cases after being limited to handling only critical ones.The World Health Organization’s European office urged countries to make sure sufficient safeguards were in place before starting to ease restrictions. Denmark will begin to open up more businesses next week as it further eases virus restrictions, officials announced on Friday.Following late-night negotiations between the main political parties, the government announced a deal for extending the first phase in the country’s return to normality.”No one wants to keep Denmark closed for a day more than strictly necessary. But we must not move faster than what allows us to still keep the epidemic under control,” Prime Minister Mette Frederiksen said in a Facebook post.center_img If countries could not ensure certain criteria, WHO regional director for Europe Hans Kluge urged them to “please rethink”.Earlier this week Finland lifted a travel blockade on the Helsinki region.Austria, Italy and Spain have also allowed some businesses to reopen.last_img read more

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PM Johnson back to work as UK virus problems mount

first_imgTopics : British Prime Minister Boris Johnson returns to work on Monday more than three weeks after being hospitalized for the coronavirus and spending three days in intensive care.Johnson, one of the highest-profile people to have contracted the virus, returned to 10 Downing Street on Sunday evening and will chair a meeting on Monday morning of the coronavirus “war cabinet”, his colleagues confirmed.Dominic Raab, the foreign secretary who has deputized in Johnson’s absence, told the BBC on Sunday that his return would be a “boost for the government and a boost for the country”. In a video message after leaving hospital, Johnson thanked “Jenny from New Zealand and Luis from Portugal” for helping him recover.On medical advice, he has not been doing official government work during his convalescence but has spoken to Queen Elizabeth and US President Donald Trump on the phone.The British leader was diagnosed with the virus late last month but initially stayed at Downing Street and was filmed taking part in a round of applause for health workers in the days before he went to hospital. Raab also claimed the prime minister was “raring to go”.Johnson, 55, was admitted to hospital on April 5 suffering from “persistent symptoms” of the deadly disease. His condition worsened and he later admitted after being put in intensive care that “things could have gone either way”.He was discharged on April 12 and has been recuperating at his official residence, west of London. Back but facing problems Some critics have described the government as being rudderless in his absence.Britain has been one of the countries worst affected by the COVID-19 outbreak, with the number of deaths reaching 20,732 in the days before Johnson’s return.The actual toll could be much higher when deaths in the community are taken into account, particularly at care homes.The rise in fatalities put the spotlight on the government’s approach and led to questions about shortages in protective equipment and a lack of widespread testing, particularly for frontline health staff.One major decision Johnson will face is whether or not to relax strict social distancing rules which he introduced on March 23.This was extended on April 16 and a review is due on May 7, with pressure building from political allies and foes for the government to make clear its intentions over extending or relaxing the lockdown.On Sunday, Raab said lockdown rules would “be with us for some time” and were the “new normal”, adding that ministers could not “allow the coronavirus to get a grip back on the country”.Johnson faces calls from within his own party to ease restrictions and will also find a letter in his in-tray from new opposition Labor party leader Keir Starmer asking for details on a potential lifting of the lockdown.And he will be confronted with a political row over the role played by his chief adviser Dominic Cummings after it emerged he attended meetings of a supposedly independent scientific group advising ministers on the coronavirus. last_img read more

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India’s Delhi imposes 70% ‘corona tax’ on alcohol to deter large crowds

first_imgThe Delhi state government announced the “special corona fee” in a public notice late on Monday.”It was unfortunate that chaos was seen at some shops in Delhi,” said Arvind Kejriwal, the state’s chief minister.”If we come to know about violations of social distancing and other norms from any area, then we will have to seal the area and revoke the relaxations there,” he added.Other states, such as southern Andhra Pradesh, where people also violated social distancing measures to queue up in their hundreds for alcohol, also hiked prices. Officials in India’s capital imposed a special tax of 70% on retail liquor purchases from Tuesday, to deter large gatherings at stores as authorities ease a six-week lockdown imposed to slow the spread of the coronavirus.Taxes on alcohol are a key contributor to the revenue of many of India’s 36 states and federal territories, most of which are running short of funds because of the lengthy disruption in economic activity caused by the virus.Police baton-charged hundreds of people who had flocked to liquor shops when they opened on Monday for the first time in a relaxation of the world’s biggest lockdown, which is set to run until May 17. Topics :center_img The increases come as India reported 3,900 new infections on Tuesday for its highest single day rise, taking the tally to 46,432. The death toll stood at 1,568, the health ministry said.Health experts said the daily increase shows India remains at risk despite a severe lockdown that has confined its population of 1.3 billion to their homes since late March, with all public transport halted and economic activity nearly frozen.”The curve has not shown a downward trend. That is cause for concern,” said Dr Randeep Guleria, director of New Delhi’s premier All-India Institute of Medical Sciences.India’s average daily increase in cases has been 6.1 over the past week, behind Russia and Brazil but higher than Britain, the United States and Italy.The biggest spikes were recorded in the western states of Maharashtra, home to India’s commercial capital of Mumbai, and Gujarat as well as Delhi. These densely populated urban centres drive India’s economy, powered by armies of migrant workers.Government officials said the lockdown had helped avert a surge of infections that could have overwhelmed medical services, however.Now cases are doubling every 12 days, up from 3.4 days when the lockdown began, said Lav Agarwal, a joint secretary in the health ministry.”Lockdown and containment are yielding results, the challenge is now to improve on the doubling rate,” he added.last_img read more

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Distribution disruption hurts thousands of NTT fishermen

first_imgFishermen in East Nusa Tenggara (NTT) have suffered a major decline in their income not only because of smaller fish catches but also as a result of a fall in prices because of distribution disruption caused by emergency measures to curb the spread of COVID-19, a survey says.According to a survey conducted by local NGO Perkumpulan Pikul, the revenue losses could amount to Rp 2 trillion (US$133.8 million) in 2020.The survey also found that the decline in fish production and the fall in prices have severely affected the livelihoods of about 66,525 fishing households comprising 226,526 people. “These figures are related to the COVID-19 impact on fishermen and small-scale fisheries in mid-April,” the organization’s program manager Andry Ratumakin told The Jakarta Post on Wednesday.He said fish production in the province had declined sharply in recent months because of rough seas that hampered fishing activities. Andry estimated that fish production would decline by 50 percent this year to 78,845 tons from about 157,691 tons in the previous year.Despite the fall in production, the province will still enjoy a surplus, because the fish consumption of the province’s 5.4 million population is expected only to reach 12,860 tons a year, he said.“NTT still has a surplus of 65,985 tons of fish. The problem is how we distribute it amid the movement restrictions for COVID-19,” Andry said, adding that the distribution problem had caused a fall in fish prices by between 50 and 75 percent. To maintain the people’s purchasing power and provide them with high-protein foods, the NGO urged the government to provide relief funds for local fishermen affected by the distribution disruption.The organization also urged the government to help bridge fish producers with buyers by re-opening the access to market with sufficient health protocols, while also instructing civil servants to purchase fishery products.“The Maritime Affairs and Fisheries Ministry could also purchase fishery products and distribute them to the people and purchase other products made by local producers to keep the rural area’s economic engine running,” Andry said.To cushion the impact of the COVID-19 pandemic on low-income families, the NTT provincial administration has allocated Rp 957 billion from the central government’s village fund program, the province’s development planning and research agency head Lecky Koli said.“Out of the Rp 3 trillion village funds allocated to our province, we took Rp 957 billion to help low-income citizens affected by COVID-19,” he said.The funds will be given to low-income families who have not received other social security programs such as the Family Hope Program and noncash staple aid, Lecky added.“We are aiming to provide income for poor people who haven’t been registered, who have lost their job because of COVID-19, and those who are terminally ill,” he said, adding that the recipients would receive Rp 600,000 in cash for three consecutive months. (mpr)Topics :last_img read more

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S. Sulawesi woman named suspect for faking COVID-19 in ‘prank’ on medical workers

first_imgA 20-year-old woman identified as AR was arrested and named a suspect on Wednesday after pulling a “prank” on the medical workers of two hospitals in Bone regency, South Sulawesi, by pretending to have been infected by COVID-19.Bone Police Criminal Unit chief Adj. Comr. Mohammad Pahrun said AR and three friends had been drinking since 2 a.m. on Friday at a rooming house in West Taneteriattang district when AR began convulsing and collapsed.Her friends rushed her to the Watampone community health center (Puskesmas) and she was subsequently referred to Hapsah Hospital.AR regained consciousness after receiving treatment at the hospital and told medical workers that she had had contact with her COVID-19-positive grandfather in Papua. Based on her claim, AR was taken to the COVID-19 Tenriawaru hospital and placed in an isolation room in accordance with COVID-19 protocols.However, the hospital’s medical workers reportedly noticed that AR was not showing symptoms of the disease and realized that she was under the influence of alcohol. They came to the conclusion that she might have faked her seizure. “It was only after she was sent home by the medical workers that she yelled ‘I fooled you’ from inside her car,” Pahrun said as quoted by kompas.com.AR was charged under Article 14 of Law No. 1/1946 on misinformation, which carries a maximum sentence of 10 years imprisonment.The three friends, ages 19, 21 and 22, were also apprehended but only questioned as witnesses. They returned home after the questioning, Pahrun added.He lambasted AR and the alleged prank, calling it irresponsible, especially at the time of a pandemic.“Don’t play around. We should have sympathy for medical workers,” he said. YouTuber Ferdian Paleka recently triggered public outcry after uploading a video on the video-sharing platform of him and his friends handing out fake staple food donations in the form of boxes containing garbage to transwomen in Bandung, West Java. Ferdian has been arrested by West Java Police and charged under the Electronic Information Law (ITE) Law, which carries a maximum sentence of 12 years imprisonment. (trn)Topics :last_img read more

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