Topics : “This [fare hike] is to accommodate the drivers’ aspirations,” said land transportation director general Budi Setyadi. Drivers’ demand for higher fares was based on the minimum wage hike and increasing living cost in Greater Jakarta, as well as the prevailing ministerial decree that stipulated a quarterly fare evaluation.”The decision has been made through discussions with other parties, including the YLKI, [ride-hailing] companies and [relevant] associations,” he said, referring to the Indonesian Consumers Foundation (YLKI).Read also: Ministry mulls over ‘ojol’ drivers’ demand for fare increase in Greater JakartaAside from e-commerce and online travel services, the ride-hailing sector has contributed the most to Indonesia’s flourishing digital economy with US$6 billion in 2019, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain & Company. The figure posts growth of 57 percent from $900 million in 2015. The Transportation Ministry announced on Tuesday its plans to increase the fare pricing for ride-hailing ojek (motorcycle taxis) in Greater Jakarta, with the new fares to become effective on March 16.The ministry’s move comes in response to the ojol (ojek online) drivers’ demands to help them meet the rising cost of living in the capital city and surrounding areas.The new fare pricing sets a per kilometer floor price of Rp 2,250, up from Rp 2,000 previously, and a per kilometer ceiling price of Rp 2,650, up from Rp 2,500. The policy also fixes the base fare for the first 4 kilometers to between Rp 9,000 and Rp 10,500 depending on the service, from between Rp 8,000 and Rp 10,000 previously. While the ministry’s new policy increases the fare pricing for Greater Jakarta, which is designated as Zone 2, it maintains the current pricing for Zones 1 and 3. The fare pricing for Zone 1 (Sumatra, Bali and Java, excluding Greater Jakarta) is to retain a per km floor price of Rp 1,850 and per km ceiling price of Rp 2,300, while the fare pricing for Zone 3 (Sulawesi, Nusa Tenggara, Maluku and Papua) is respectively Rp 2,100 and Rp 2,600.The fixed base fare for both zones is between Rp 7,000 and Rp 10,000, depending on the service.“From our discussions with the ojol drivers association, the call for a fare increase comes from [the drivers] in Greater Jakarta. Meanwhile, based on our discussions with [the drivers] in several regencies and cities in East Java and Central Java, they are fine with the current rate,” said Budi. The Two-Wheeled Action Movement (Garda), which represents ojol drivers, said that the new fare policy met the drivers’ demand.“Garda accepts the regulator’s decision. It is in line with our calculations, which we have communicated to the Transportation Ministry,” said Garda chief Igun Wicaksono. Read also: Digital economy reaches new highs in 2019 despite skills gap, cyberattack issuesYLKI chairman Tulus Abadi, however, criticized the ministry for issuing the new pricing policy solely in response to a demand from the drivers, emphasizing that public policy must be based on the needs of the general public in their entirety. In keeping with the higher fares, Tulus also called on ride-hailing companies Gojek Indonesia and Grab Indonesia to improve their safety standards.as well as the services that their driver partners provided.“In the early days of ojol, drivers were equipped with face masks and hair covers, but these are no longer [provided] now. Especially amid the current issue of the coronavirus outbreak, it is possible that ojol drivers could become a medium of [infection]” he added, stressing that the drivers must adhere to the principles of consumer protection.Tulus also highlighted the poor safety record among ojol drivers and their low compliance with road rules. Separately, Grab and Gojek agreed to implement the new fare pricing, and promised to inform both drivers and users about the new policy.“It is also our job to monitor the impact this new policy will have on consumers, because it will definitely spark a public reaction,” said Grab Indonesia’s head of public affairs, Tri Sukma Anreianno. Meanwhile, Gojek Indonesia’s chief of public policy and government relations, Shinto Nugroho, expected a decrease in customer demand following the fare hike.However, she expressed hope that the decline would be relatively insignificant, noting that the company’s present focus was “long-term sustainability for both drivers and passengers”.
20 Lonsdale St, AscotOne of the downstairs bedrooms has a study nook and opens through white plantation shutter doors to a small courtyard, while the upper main bedroom has a walk-in wardrobe, an ensuite and access to the front balcony.The residence also includes an office with built-in cabinetry and a downstairs rumpus room that extends to a rear covered patio. 20 Lonsdale St, AscotMore from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoA mix of formal and informal living zones are complemented by generous outdoor areas, with the upstairs kitchen, living and dining spaces opening to front and rear balconies with leafy street and backyard views.Covered and floored with timber, the rear balcony has an awning for relaxed, year-round entertaining, while the back yard boasts an in-ground pool with a perimeter of established gardens and trees providing ample privacy.Back inside, the bedrooms are upstairs and down, all with carpet and either a ceiling fan or airconditioning. 20 Lonsdale St, AscotAgent Damon Warat counts the house’s location as one of its top perks, being located in a quiet tree-lined street only a short stroll to Racecourse Rd and its cafes, bars and restaurants.“This is a really good family home, spread over two spacious levels with a bright, naturally lit interior,” Mr Warat said.Sitting on 810sq m, the house has an open-plan design with sleek timber floorboards, VJ walls, high ceilings and an elegant, neutral colour scheme throughout. 20 Lonsdale St, AscotOther features of the house include sufficient storage areas, a double garage, fireplace, ducted airconditioning, carpet to the upstairs living room, leadlight glass to assorted windows and doors, and stainless steel appliances in the kitchen.“Offering more than enough room for the growing family, this residence is all about lifestyle,” Mr Warat said.“Elegantly and generously proportioned, it is in one of Ascot’s most loved streets, close to Racecourse Rd and the Eagle Farm produce markets.” Inspections are by appointment, with the property scheduled to go to auction on site at 9am on March 4 if not sold sooner. 20 Lonsdale St, AscotTHIS five-bedroom home in one of Brisbane’s most prestigious suburbs is packed with features for the growing family.With nothing to do but move in, this five-bedroom residence offers all of the convenience of a comfortable, ready to enjoy lifestyle. The property at 20 Lonsdale St, Ascot, has three bathrooms, two car spaces and loads of family friendly features.
The opening bidder held on at auction to become the new owner of 49 Central St, CalamvaleWHEN the property at 49 Central St, Calamvale hit the market, the owners were confident potential buyers would appreciate the quality of their handiwork.The home sold at auction on March 18 for $645,000, according to LJ Hooker Sunnybank Hills sales consultant Jonathan Wang.“It’s a beautiful home, the owner built it himself, and he put a lot of effort into creating a really solid house,’’ he said. “(It has) terracotta roof and hardwood timber floors on a 740sq m block.” More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Hardwood floors and great quality finishes at this Calamvale propertyMr Wang said he and co-agent Karl Gillespie were blown away by the owner’s thoughtful approach to the build.“The finishes and everything are in really good condition and (the owner) built a little room underneath the house for storage or a man cave,’’ Mr Wang said. ‘‘It was a really, really nice property.’’About 60 people attended the auction with three bidders fighting it out. Granite benchtops were among the home’s appealing featuresMr Wang said the opening bidder was the eventual winner and it was the drive to live near family that had him staying in front right through to the finish line.“There was another registered bidder that came in at around $600,000 and, in the end, the buyers who bid first, they really wanted the property. They had family living close.”Mr Wang said the market in Calamvale had continued to perform strongly this year.“There’s demand from people who want to be in the area, especially for really nice homes.’’
Sam Standfast and her partner Michael Leach are about to become First Home Buyers. Picture: Jamie HansonEXTENDING the first-home owners grant to include existing properties had the potential to put significantly more people into their own home, according to Queensland’s peak real estate industry group.But the state government has rejected any change with its focus to remain on new construction as it also helped create jobs in the building industry.The Real Estate Institute of Queensland wants the first homeowners grant, which was boosted to $20,000 for new properties until December 1, to also be available to buyers of existing properties.REIQ CEO Antonia Mercorella said it would help more young people get into home ownership sooner.But Premier Annastacia Palaszczuk said more than 8000 new homes, apartments and townhouses had been built because of the increased grant.“It’s a great help to so many people and at the same time boosts investment in new housing stocks with flow-on benefits for local contractors, subbies and suppliers who rely on the building industry for their livelihood.”Ms Mercorella said at the very least they wanted the grant to be able to be used for existing stock in regional towns.“The anecdotal feedback that we get time and time again is that there is no point (claiming the grant),’’ she said.“It’s a bit of a pointless grant for many first-time buyers in regional Queensland because often the cost of construction, even when you take into account the benefit you get from the grant, is usually significantly more than what you could pick up an established house for and we hear that story a lot.’’Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:35Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:35 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenHousing affordability 01:35 But Treasurer Curtis Pitt said there was strong take up of the grant in regional areas.Since July last year 387 grants had been awarded in Cairns, 246 in the Fitzroy region, 311 in Toowoomba and 464 in the Wide Bay region.Property analyst Terry Ryder said for first home buyers existing properties were much more affordable.He said despite the grant, the majority of first home buyers still bought established property.“That is because they are significantly cheaper, often better located and the grant doesn’t go anywhere near making up the price difference.’’Ms Mercorella said for some buyers there was also the issue of waiting for a new property to be built — which in the case of units could take years.“You have go take into account that you need somewhere to live in the interim.“That is one of the benefits of an established house, you know exactly what you are buying you can negotiate a settlement date and you can just move right in, so there is those sort of hidden additional expenses and hassle that don’t often get talked about.’’Sam Standfast, 25 and her partner Michael Leach, 27 are keen to buy their first property.They had something in their sights but missed out and are continuing to search.Ms Standfirst said they were looking to buy something new, most likely a unit around the South Brisbane or West End area.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North3 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by If the first home buyers grant was available for existing properties it would expand what they would be able to consider buying.“New property is a lot more expensive, you want to buy the best that you can with what you have got,’’ she said.Despite that the couple are still keen to buy and hope to secure something soon.“We haven’t really been looking very long at all, probably a couple of months,’’ Ms Standfirst said.“When you look at the rental prices compared to the mortgage prices it made more sense that we might as well buy.’’While they will likely end up with a new apartment Ms Standfirst said they hoped to buy in a project which would be finished early next year.“We’d like to think we will be living in it in less than six months,’’ she said.Michael Hatzifotis of Place Kangaroo Point has been showing Ms Standfast and Mr Leach, possible properties to buy.“I get a lot of first home buyers that come to me,’’ he said.“Now if the right property came around and it was a second hand property they (first time buyers) do forgo the grant of $20,000, but most of them try to use it. If they were able to use that $20,000 it would make a difference’’Mr Hatzifotis said extending the first home buyers grant to existing properties would get a lot more people in the market a lot quicker.He said the grant also limited where you could buy because there may not be a development in the suburb you wanted to live in for years.With the boosted grant to be reduced in December the number of first home buyers he had been dealing within the past couple of months had increased by about 40 per cent.Need help finding a home? Or do you have a great idea to solve the housing affordability crisis in Australia? Get expert advice and join the debate for a chance to win $500 today at wtf.org.au or on Facebook and Twitter #WTFAustralia.
Garanti Pension and Life, the largest pension insurance company in Turkey in terms of the number of pension savers, is planning to launch new funds investing in commodities and international equities.Cemal Onaran, managing director at the TRY4.6bn (€1.3bn) firm, told IPE the new funds would be launched within the next four years.“Our foreign stock market investment fund will most likely invest in both developed markets such as the US and Germany, as well as in emerging markets like Brazil, China and Russia,” he said.“This will respond to the need for alternative investment vehicles, provide tool for diversification away from the domestic risks and vulnerabilities.” Most pension fund assets in Turkey are at present invested in T-bills and Turkish government bonds (59.83%), which lost 0.32% last year.The remainder of pension portfolios are invested in other investment vehicles (17.97%), stocks (12.87%), reverse repos (7.08%), foreign securities (1.24%) and money markets (1.01%), according to Turkey’s financial regulator (SPK).Turkish private pension investments pulled in an average total return of -0.76% last year.Onaran believes that, although Turkish investors still strongly prefer fixed income investments, equities will be the most rewarding instrument for pension funds in the long term.Garanti Pension has some 813,000 customers at present.“Until 2008,” Onaran said, “interest rates in Turkey were quite high, at around 25%, so the optimal strategy was to invest in money market or government bond funds.“From 2008 on, however, interest rates fell down to 7-8%, and investors started to demand higher returns.“This, as well as growing knowledge and experience on financial markets, is increasing interest in alternative investment vehicles such as foreign equity funds.”Garanti Pension is also planning to grow its overall exposure to equities, where it currently has some 13.5% of its assets.In addition, some 68.8% of Garanti Pension’s assets are invested in local fixed income, 9.8% in reverse repos and 7.9% in time deposits, foreign exchange fixed income instruments and commodities.“Already now, we allocate more funds to equities than the average firm in the market,” Onaran said.“We are planning to increase our equity exposure further, up to 15% of all assets in 2-3 years, and to 20% in the long run.“We will gradually increase the average equity ratio within our flexible and equity funds as the market prices test reasonably low levels.”
Share Share Share BusinessLifestyleTravel Caribbean Airlines appoints new CEO by: – May 21, 2014 96 Views no discussions Sharing is caring! Tweet PORT OF SPAIN, Trinidad (CMC) – The state-owned Caribbean Airlines (CAL) has announced the appointment of Canadian Michael DiLollo as its new chief executive officer.DiLollo, who spent 20 years at Air Transat, replaces former CAL executive Robert Corbie who resigned in June 2013 almost one month after the entire CAL board, then chaired by Rabindra Moonan, was sacked by Finance Minister Larry Howai following what were described as breaches in governance.DiLollo said that he’s focused on stabilising the internal operations of CAL and will centre his tenure on four pillars, namely safety, people (staff), customers and sustainability.DiLollo said the airline faces internal and external threats which must be adequately dealt with to have any sustainability.The external threats, he outlined, included the “ferocious competition” from low-cost carriers which were now running on CAL routes.Meanwhile, CAL chairman Philip Marshall said the company has completed financial audits for the years 2010 and 2011 and that once they are approved a date will be set for the annual general meeting.Marshall said the airline financial situation had “substantially improved” one year after Howai told parliament that the airline had recorded losses amounted to TT$700 million (One TT dollar = US$0.16 cents).Caribbean Media Corporation
New Delhi: Former Indian skipper Sourav Ganguly on Wednesday said he is surprised to not see Shubman Gill and Ajinkya Rahane for the upcoming ODI series against West Indies. Ganguly said the time has come for selectors to pick the same players for all three formats of the game, which will help in increasing players’ confidence and rhythm. Taking to micro-blogging website Twitter, Ganguly wrote, “There are many in the squad who can play all formats ..surprised not to see Shubman gill ..Rahane in the one-day squad”. “Time has come for Indian selectors to pick same players in all formats of the game for rhythm and confidence. too few are playing in all formats ..great teams had consistent players ..it’s not about making all happy but picking the best for the country and be consistent..@bcci (sic),” Ganguly tweeted. Earlier, the Board of Cricket Council of India (BCCI) announced the squad for India’s tour of West Indies after a high-level meet that was attended by Chief Selector MSK Prasad and skipper Virat Kohli. It is to be noted that the Indian cricket team will start their West Indies tour from August 3 and will play three T20s, as many ODIs and two Test matches. Earlier, it was speculated that Virat Kohli will not be part of the team, but MSK Prasad clarified saying that he will continue to lead the side in all the three formats against West Indies.While Jasprit Bumrah will only be available for the Tests, all-rounder Hardik Pandya has been rested for the entire tournament. In the meantime, Shikhar Dhawan, who has recovered completely from injury returns to the team. Shreyas Iyer, Manish Pandey, Washington Sundar and Navdeep Saini are the new faces that have been included in the limited-over format.Here’s the squad for India’s tour of West Indies:India’s squad for 3 T20Is:Virat Kohli (Captain), Rohit Sharma (VC), Shikhar Dhawan, KL Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant (WK), Krunal Pandya, Ravindra Jadeja, Washington Sundar, Rahul Chahar, Bhuvneshwar Kumar, Khaleel Ahmed, Deepak Chahar and Navdeep Saini.India’s squad for 3 ODIs:Virat Kohli (Captain), Rohit Sharma (VC), Shikhar Dhawan, KL Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant (wk), Ravindra Jadeja, Kuldeep Yadav, Yuzvendra Chahal, Kedar Jadhav, Mohammed Shami, Bhuvneshwar Kumar, Khaleel Ahmed and Navdeep Saini. India’s squad for 2 Tests:Virat Kohli (Captain), Ajinkya Rahane (VC), Mayank Agarwal, KL Rahul, C Pujara, Hanuma Vihari, Rohit Sharma, Rishabh Pant (WK) Wriddhiman Saha (WK), R Ashwin, Ravindra Jadeja, Kuldeep Yadav, Ishant Sharma, Mohammed Shami, Jasprit Bumrah and Umesh Yadav. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.
(BBC) – The Brazilian Football Confederation (CBF) said the government did not consider it wise to offer financial guarantees in the midst of the coronavirus pandemic.Brazil will now support Colombia’s proposal which is up against Japan, and a joint bid from Australia and New Zealand to host the 32-team tournament.FIFA will vote to select the hosts on June 25.“Because of the fiscal and economic austerity brought on by the COVID-19 pandemic, (the government) thought it would not be recommended to right now sign the guarantees asked for by FIFA,” said a CBF statement.Brazil has hosted a number of major international sporting competitions in recent years, including the men’s World Cup in 2014, the 2016 Olympic and Paralympic Games and the Copa America in 2019. But the CBF felt it was an outsider to host yet another big event.The country has been badly affected by the COVID-19 pandemic, with more than 35 000 deaths and in excess of 640 000 confirmed infections, but the latter number is believed to be much higher because of insufficient testing.
Earlier this month, an online donation drive for people affected by the water crisis in Flint, Michigan, was created by Amaka Agodi, a sophomore studying health promotion and disease prevention studies. The GoFundMe was started on March 4 and has relied on small donations from fellow college students. Agodi hopes to bring attention to the crisis to students on campus who may not be aware.The Flint environmental and health crisis began in April 2014, when the Michigan state government began sourcing water for the town from the polluted Flint River instead of Lake Huron to reduce costs. Studies have found the river water to be corrosive, and service pipes made of lead are leaching the toxic chemical into the water supply.A study conducted by the Virginia Institute of Technology found that the levels of lead found in household water sources would constitute it as “toxic waste.” The study targets the Michigan Department of Environmental Quality as the bearer of the responsibility of the crisis. It also speaks to the permanent and long-lasting effects of such negligence.“The consequences of lead exposure for Flint residents are expected to be long-term and will necessitate sustained investments in education, public and mental health, juvenile justice and nutrition needs over the next 10 to 20 years,” the study said.Agodi learned about the water crisis from Twitter and she felt the need to respond. Agodi used her platform as a student to spread word of the incident and to reach out to other activists.“I’m a very avid Twitter user. I saw people talking about the crisis in Flint,” Agodi said. “I noticed that someone from Justice League NYC had posted something about her company, who were going to help the people there. So I emailed her as a USC student and told her I was thinking of doing this donation drive for USC to help raise money.”Agodi said that her donation drive was a spur-of-the-moment decision and she wants to make sure that those unaware of the crisis understand the situation.“I figured out everything about a month and a half ago, so everything I’m doing is kind of spur-of-the-moment,” Agodi said. “A friend recommended that I start a GoFundMe, including as much information as I could because I wanted people to understand the gravity.”Recently, the tragedy has been viewed through a political lens. In 2014, when the crisis began, 57 percent of Flint residents were African American and 42 percent of all residents lived below the poverty line, according to the U.S. Census Bureau. Media outlets such as TIME, The New York Times and CNN have commented on the racialized nature of the crisis and compared it to the aftermath of Hurricane Katrina.Agodi also acknowledged this aspect of the crisis, and spoke on the environmental racism she believes is happening at Flint today because of a lack of empathy.“If something doesn’t affect people, in their community, then it doesn’t mean anything,” Agodi said. “And if it’s not something that happening to someone that looks like them, then they don’t care.”Agodi wants students at USC and other elite universities to use their standing to help those in need in Flint.“I was trying to use my privilege of being a student in a well-established university to try jump-start something.” Agodi said. ”I’m kind of happy with the feedback I’ve got with people trying to get involved, but it’s also disheartening that people just don’t know what’s going on.”Agodi held an event on Saturday evening in support of the drive, raising $1,012. Including the $500 raised from the GoFundMe, the donation drive for Flint has, in total, raised $1,422. The GoFundMe is still active and can be found online.
Barcelona midfielder Andres Iniesta will miss their Spanish Super Cup second leg against Real Madrid today after suffering a thigh injury.Barcelona said captain Iniesta would miss the match after he was not able to train with his teammates on Tuesday ahead of the encounter at the Santiago Bernabeu, where the Catalans will look to overturn a 3-1 deficit.Iniesta, 33, was plagued by injury problems last season and rarely found top form. The midfielder joins Rafinha Alcantara and Thomas Vermaelen on the injury list at the Nou Camp. Barcelona did not give a recovery timescale for Iniesta, who may also miss the start of the league campaign on Sunday, when Barca host Real Betis.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram