Explosion reported in Menteng, Central Jakarta

first_imgAn explosion occurred on Jl. Yusuf Adiwinata in Menteng, Central Jakarta, on Sunday afternoon. Police temporarily closed the street after the incident.Central Jakarta Police Chief Sr. Com Heru Novianto said the explosion caused no casualties or significant damage.”We expect the explosion was caused by a firecracker, because it was not big and there was no significant effect or casualties. It only caused flat tires because the blast occurred near a parked car.” Heru said on Monday as reported by, a Menteng resident, said the explosion caused smoke to rise from underneath the car.”I heard the explosion and immediately went out [of my house] to check. I did not know the source of the explosion at first. All I knew was that there was smoke rising from underneath the car, and not long after, someone came and put it out using a fire extinguisher,” he said.Joko, another resident, said the explosion occurred at about 2:15 p.m.”I heard the explosion. It was quite loud. It even set off the alarm of a car parked about 10 meters from the explosion,” he said.Heru said it was unlikely that the explosion had any link to terrorism.”Terrorists always seek victims and they always use dangerous explosive material. But we can conclude that the explosion was caused by a low-explosive material,” he said.The Jakarta police questioned five witnesses of the incident and reviewed CCTV footage from the area.According to Heru, some witnesses claimed the perpetrator put the explosive under the car while others said they saw two unidentified motorcyclists throw the explosive near the car.Police also questioned the car’s owner, who is an employee at a private company.”We are still reviewing the car owner’s testimony. Maybe the company has some problems or something,” Heru said, adding that the police were awaiting results from the forensics lab. (nal)Topics :last_img read more

Low interest rates could increase cost of pensions by 10%, experts warn

first_imgAs of last week, the rate dropped even further to 1%.“Since the introduction of QE, the cost of pensions has risen by 10%, or 1% of the salary on average,” Van Ek said.He warned that, in the coming decades, fixed income returns could structurally fall short of the interest rates that had been factored into liabilities.Mark van de Velde, senior client consultant at Aon Hewitt, noted that the initial effect of the interest-rate drop would be limited to approximately 2% for pension funds that apply a cushioned contribution for a 10-year period.He calculated an effect of 6-7% if contributions are cushioned and drawn from assumptions for returns.However, Van de Velde stressed that the predictions were based on the current UFR of 4.2% that must be used to discount liabilities.“If the Cabinet were to reduce the UFR as expected before 1 July, contributions must increase by an additional 5%,” he said.Towers Watson, meanwhile, underlined the contradiction that the new financial assessment framework (nFTK) dictates that pension funds must establish their premium policy before 1 July, but that the actual contribution must be drawn from market rates during the fourth quarter.Wichert Hoekert, senior consultant for retirement solutions, said: “This could lead to undesired effects if interest rates change after the social partners have agreed on a policy.”He suggested it would be more “practical” if the interest level at the moment of the policy decision could also be the criterion for the new contribution.Commenting on the developments, Jobert Koomans, executive board member of the €4bn pension fund for care insurers (SBZ), said its premium needed to be increased by 2 percentage points to 26% of the pensionable salary to achieve target accrual.The €43bn metal scheme PME, which fixed its contribution at 24.1% for the next five years, said it would draw on an equalisation fund to stabilise premiums.However, PME’s spokeswoman said the drop in interest rates had increased the chances that this financial reserve may turn out to be insufficient.The Pensions Federation said it was “very worried” about the low interest rates and that it feared “disastrous consequences” for pensions.In its opinion, Jetta Klijnsma, state secretary for Social Affairs, has underestimated the problem.However, a spokeswoman for the state secretary told IPE Klijnsma recognised the consequences of continually low interest rates, and that she was willing to discuss the issue with Dutch companies and unions.She added that the state secretary was also exploring options for easing investment restrictions for pension funds, as the Federation had called for earlier. Consultancies have warned that interest rates have fallen so far this year that Dutch pension funds may be forced to increase contributions or cut costs on pension arrangements.Dennis van Ek, an actuary at Mercer, estimated that pension funds would need to increase their premiums for 2016 by at least 10% to achieve their targets.As a consequence, defined benefit (DB) plans and collective defined contribution (DC) schemes that base their contributions on the market rate plus the ultimate forward rate (UFR) could see annual pensions accrual – usually 1.875% – fall by 0.2 percentage points, he said.Mercer noted that the 30-year swap rate had fallen from 1.5% to 1.2% at the time when the European Central Bank (ECB) launched its quantitative easing (QE) programme.last_img read more

‘Nasty’ Chinese situation sees VER emphasise alternatives

first_imgTalking to IPE in the wake of Chinese market volatility that saw the Shanghai Composite Index lose a quarter of its value and led to losses across global markets, Viherkenttä admitted that China was now the number one issue, supplanting a rate hike by the Fed.“It seems that the Fed [rate] increase was a bigger topic a some time ago, but now things are getting pretty nasty in China and in emerging markets, the potential US rate hikes starts to look like, maybe not a marginal matter, but still something of less relevance.”He also said that VER had sold its holdings in Chinese A shares before he took over as managing director as there were “symptoms of overheating”, but still retained exposure to H shares traded in Hong Kong.Asked where the fund would seek to grow exposure, Viherkenttä pointed towards alternatives, which currently account for 10.6% of its portfolio, a 2 percentage point increase over June 2014.“What we are doing all the time is taking an even closer look at alternatives,” he said. “But of course almost everyone is doing it these days, because both the stock market and the bond market are in such a difficult situation.“It’s not a free lunch just to go out there are reap high returns.”VER’s alternatives portfolio currently consists of indirect and direct private equity holdings , indirect real estate, and hedge finds.Its unlisted holdings performed the best in the first half of the year, returning 6.1%, followed by a 3.6% return from hedge funds.The fund’s fixed income holdings, which account for 49.5% of assets, returned 0.5% over the first six months of the year, down compared to both full-year results and the first six months of 2014. Finland’s Valtion Eläkerahasto (VER) is to place greater emphasis on alternatives despite “exceptionally vibrant” stock market growth helping it return 5.5% so far this year.The €18.3bn fund used to pre-finance the Finnish state pension said its equity holdings returned 13.3% over the first six months of the year, ahead of returns from alternatives or fixed income.Managing director Timo Viherkenttä, who was announced as successor to Timo Löyttyniemi in April, warned the “exceptionally vibrant” equity market is losing steam, but holdings in Europe and Japan had continued to perform.“It is advisable to prepare for continued fluctuations in the investment markets in the latter half of the year as well,” he said, citing uncertainty surrounding Chinese economic growth and a rate increase by the US Federal Reserve, expected later this year.last_img read more

Brisbane leads growth forecasts in the apartment market

first_imgUnit statistics and forecast upcoming settlements by GCCSA. Source: CoreLogic.The sheer volume of supply yet to be completed has troubled some experts given a lot of stock was yet to settle.“We’re already seeing stories of people finding it difficult to settle, with valuations not coming in at contract price,” Mr Kusher said, “and a lot of properties are owned by investors so trying to rent them out would be quite difficult as well.”Early indications were that the situation could prove a boon for certain types of buyers, with Mr Kusher expecting product discounting and better owner-occupier designs to appeal to downsizers, first-time buyers and hipsters.“There’s more demand for housing in the city and developers are changing the product offering somewhat because the new rules are that you can’t sell more than 50 per cent offshore. So they have to be more mindful of local buyers’ needs.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 9:24Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -9:24 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD288p288pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCoreLogic Brisbane Housing Market Update – August 201809:25 Brisbane is expected to lead the capitals out when it comes to percentage growth in unit supply over the next two years. Picture: iStockBRISBANE will lead unit supply growth across the major capitals — with a massive 18.4 per cent surge in apartment numbers, new research has found.The figures from the latest settlement risk analysis by CoreLogic cover a two-year period, during which Brisbane was expected to see a potential 36,057 more units off a base of 196,414 current apartments. In contrast, Greater Sydney was expected to see supply grow by 9.3 per cent with Greater Melbourne to push 11.5 per cent.The biggest push was coming from the Brisbane Inner subregion which was expected to see more units supplied in the next two years (9,732) than even the Sydney Inner City (7,202) and Melbourne City (8,040), according to research by CoreLogic analyst Cameron Kusher. Houses are in high demand in Brisbane with its median price rising 1.3 per cent in the past year to $538,693. Picture: AAP Image/Darren England.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoRiskwise Property Research estimated the average unit size in Brisbane was already bigger than all other capitals at 113 sqm (Sydney 93.2 sqm and Melbourne 94.9 sqm), with the price per sqm significantly less than southern powerhouses ($3,414.25 versus $8,227.07 in Sydney and $5,843.74 in Melbourne).Riskwise chief executive Doron Peleg expects tough times ahead for developers, given Queenslanders were generally both fond of houses and aware of the supply issues.What the situation did offer, he said, was the opportunity to “rentvest”, buying cheaper houses in outer suburbs and living in the inner city.“Currently there are a lot of bargains. Obviously there are a lot of opportunities in the market.”His concern was that the number was too big for the market to absorb in just two years.“Currently what we see is prices of off-the-plan property going down by 10 to 20 per cent, a reduction in dwelling commencements, and it will take two to three years until the properties will be absorbed into the market.” Top 25 SA3 regions for forecast new units over the next two years. Source: CoreLogic.Australian Bureau of Statistics data released Thursday pointed to a cooling housing market, with building approvals in July down 5.6 per cent nationally, with NSW (-5.2 per cent), Victoria (-4.6 per cent), Queensland (-6 per cent), South Australia (-26.5 per cent) and Western Australia (-14.7 per cent) all in negative.According to Mr Kusher the new growth figure for Brisbane units was a more muted level than just a year ago.“That growth is high at 18.4 per cent but about 12 months ago it was 25-26 per cent on overall supply, so it’s starting to reduce.” “A lot of this stuff is already under construction or approval. The trend has been fewer approvals and fewer units under construction. We’re in for a period where we see less projects go ahead because of constraints on funding and demand.” FOLLOW SOPHIE FOSTER ON FACEBOOK last_img read more

Real Madrid defender prefers La Liga stay amid Juventus links

first_img The Brazilian has been linked with a move away from Madrid, where he has enjoyed a successful stay since arriving from Fluminense in 2007. Real Madrid full-back Marcelo insisted he did not want to leave the LaLiga giants amid links with Juventus.Advertisement But Marcelo has no desire to leave the Santiago Bernabeu, and he also feels Madrid want him to stay.“I don’t want to leave and I don’t think Madrid would let me anyway,” he told Fabio Cannavaro during an Instagram Live chat on Friday.“I’m really happy here. Since I came here with my family, it’s been incredible.“I don’t really know if it’s true that Juve wanted to sign me to be honest.”Marcelo has continued to be linked to Juventus, the club his former team-mate Cristiano Ronaldo joined in 2018.The 31-year-old noted the reaction from the Serie A club’s fans to the rumours was positive.Read Also: Brazil legend requested ‘nightclub clause’ in his Flamengo contract“A couple of years ago I heard that I’d signed for Juve, that I’d already pulled on the Juve shirt and that I couldn’t live without Cristiano,” Marcelo said.“People invent a lot of things. It was all fine with me, as I saw that some Juve fans quite liked the idea of me joining.”FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content7 Universities In The World With The Highest Market Value7 Universities Where Getting An Education Costs A Hefty Penny8 Superfoods For Growing Hair Back And Stimulating Its Growth6 Interesting Ways To Make Money With A DroneThese Popular Hollywood Stars Got Their Start On Soap OperasThis Nation Is Almost Impossible To Invade9 Facts You Should Know Before Getting A Tattoo12 Countries Whose Technological Progress Amazes8 Things That Will Happen If An Asteroid Hits EarthBest & Worst Celebrity Endorsed Games Ever MadeThese TV Characters Left The Show And It Just Got BetterBirds Enjoy Living In A Gallery Space Created For Themlast_img read more

Camaro nose pieces approved for IMCA Sunoco Stock Cars in 2019

first_img2019 rules have been updated on the IMCA website to reflect the clarification. VINTON, Iowa – Camaro nose pieces have been approved for use by IMCA Sunoco Stock Car drivers beginning next season.  The Dominator Camaro nose piece is part number DOM330. Performance Bodies part numbers are 45X040 for the Camaro nose piece, 46X040 for the Mustang nose piece and 45X100 for the tail piece, which can be used with either nose. center_img Rules for 2019 have been clarified to include the Camaro nose as well as the Mustang nose. Nose pieces must have a maximum installed width of 73 inches, noted IMCA President Brett Root.  “This is another update that stems from our attendance at the PRI show earlier this month in Indianapolis, where Performance Bodies and Dominator Race Products debuted Camaro nose pieces,” Root said. “Our rules will specify that if used, Camaro nose piece must be used with the GM body and the Mustang nose piece with the Ford body.” last_img read more

Coach Parks leaves Tottenham

first_img Spaniard Toni Jimenez, who worked with Pochettino at Southampton, will work with the goalkeepers at White Hart Lane. Parks returned to Spurs in 2008 to work under Harry Redknapp, having previously served as a player between 1980 and 1988. Press Association Press Association Sport understands the futures of the remaining Tottenham coaching staff, including Les Ferdinand, Chris Ramsey and Steffen Freund, are unclear. Pochettino was appointed head coach on Tuesday following the departure of Tim Sherwood. center_img Tottenham goalkeeping coach Tony Parks has left the club following Mauricio Pochettino’s arrival as head coach.last_img read more

Jeffrey Epstein’s autopsy consistent with homicide not suicide, expert says

first_imgA renowned forensic pathologist says Jeffrey Epstein may not have taken his own life.In an exclusive interview with Fox & Friends, Dr. Michael Baden said Epstein’s injuries appeared more consistent with homicidal strangulation rather than suicidal hanging.Epstein’s brother hired New York City’s former chief medical examiner to observe his brother’s autopsy after he was found hanged in his Manhattan lockup in August.Chief Medical Examiner Dr. Barbara Sampson ruled his death a suicide “after careful review of all investigative information, including complete autopsy findings.”Baden, however, disputed those findings noting in Wednesday’s interview that what he found was something “he’s not seen in a suicidal hanging in 50 years. ”After reviewing the autopsy, Dr. Baden said he found two fractures on the side of Epstein’s larynx, and another fracture on a bone above the Adam’s Apple emphasizing that both appeared “extremely unusual.”The 66-year-old millionaire’s death came about a month after his arrest on federal sex trafficking charges, and just days after he was taken off suicide watch.Epstein’s case was highly publicized while he was alive, and his death has not been any different as a whirlwind of allegations and conspiracy theories continue to go viral.This story is developing.last_img read more

Fifa World Cup FIFA World Cup 2018: Messi steals spotlight as Argentina train in Bronnitsy

first_img For all the Latest Sports News News, Fifa World Cup News, Download News Nation Android and iOS Mobile Apps. New Delhi: Argentina’s FIFA World Cup base camp was heavily crowded by around 400 eager fans to catch a glimpse of Lionel Messi and the star-studded Argentine squad at an open training session. The chants of ‘Messi, Messi’ erupted as the Barcelona forward walked to the pitch for an hour-long practice, with the Argentine skipper stealing the spotlight. Ernesto Lagorio, the Argentine ambassador to Russia was a witness to the training centre, used by several Russian sports teams, on the banks of the River Moscow. “We came to see our national team, it’s the first acquaintance with them, it’s been great,” Lagorio told a leading news agency. “We’ve already been to Bronnitsy several times, we’ve worked a lot with the authorities and the mayor. He’s helped us a lot, it’s been in the works for several months.”Asked whether he would be attending matches, he replied, “I hope to show up until the final match in July.”After several days of chilly temperatures in Moscow, the sun was bright during the training session, with excited locals packing the stands to get a glimpse of the action.Injury had already struck Argentina on the eve of their departure for the tournament, with West Ham midfielder Manuel Lanzini ruled out of the mega event after suffering a serious knee injury. Even the status of Ever Banega for Argentina’s first group game against Iceland on June 16 is under dark clouds after the Sevilla midfielder trained alone.The Messi masks were spotted in the crowd, with others waving Barcelona and Argentina flags to support Messi and co. The five-time Ballon d’Or winner was then mobbed by numerous youngsteres at the end of the session as players stopped to sign autographs and take selfies with the fans. last_img read more

Williams scores twice and Courage down Spirit 2-0

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditHERRIMAN, Utah (AP) — Lynn Williams scored twice to help the North Carolina Courage beat the Washington Spirit 2-0 on Wednesday night in the NWSL’s Challenge Cup tournament.Williams has three goals in the tournament for the two-time defending league champions, considered the Challenge Cup favorites. Williams put North Carolina in front in the 50th minute, then added a second goal in the 61st at Zions Bank Stadium. With two wins, the Courage sit atop the tournament table. July 1, 2020 Williams scores twice and Courage down Spirit 2-0 Williams also scored in stoppage time to give the Courage a 2-1 victory over Portland on Saturday in the opener. North Carolina rookie Ally Watt tore a ligament in her right knee during the win against the Thorns and is out for the tournament. Rose Lavelle and Ashley Hatch scored to lift the Spirit to a 2-1 victory over the Chicago Red Stars on Saturday. The eight teams taking part in the Challenge Cup are sequestered in Utah for the duration of the tournament, which is being played without fans in attendance. The league’s ninth team, the Orlando Pride, was forced to withdraw last week because of multiple positive COVID-19 tests among players and staff. Associated Press last_img read more