PREMIUMPrivate insurers unfazed by insurance scandals despite trust concerns

first_imginsurance-companies Jiwasraya Asabri Bumiputera consumer business Forgot Password ? Log in with your social account LOG INDon’t have an account? Register here Google Facebook Private insurers have brushed off concerns that scandals involving state-owned insurance companies have hurt the industry as the sector continues to grow despite being clouded by trust issues.Adira Insurance chief executive officer (CEO) Julian Noor said the company still experienced a premium collection growth of about 8 percent year-on-year (yoy) in 2019 despite controversies surrounding state insurer Asuransi Jiwasraya.“This is because the problem is in a state-owned insurer while private ones face no problems. Thus, the public will be smart enough not to generalize and it will be an opportunity for private insurers to offer even better services right now to their customers,” Julian said.Read also: Relaxed foreign ownership rule for insurers could save Jiwasraya: ExpertsJulian’s statement contradicted high-ranking officials who have expressed concern … Topics : Linkedinlast_img read more

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Viral hysteria: Hong Kong panic buying sparks run on toilet paper

first_imgThe footage — and photos of shelves emptied of toilet rolls — sparked a call from the government for the public to halt panic buying. “In response to various rumours recently that there are shortages of goods such as rice and toilet papers, leading to panic buying and even chaos, a government spokesman today expresses regret over the malicious act of spreading rumours when the city is fighting against the disease, and condemns those rumour mongers with evil intentions,” the statement said. While Hong Kong has closed most of its land borders to mainland China, where the coronavirus outbreak began, freight services have not been affected, the government said.”There are sufficient stocks of staple food including rice and pastas. There is no need for the public to worry,” the statement said. Harold Yip, founder of Mil Mill, a Hong Kong-based waste paper recycling company, told AFP they received over 100 enquiries from members of the public about toilet paper on Wednesday alone.RTHK news reported that toilet paper and rice at one supermarket in the district of Wanchai — which had been fully restocked overnight — were cleared within 30 minutes of the store opening on Thursday morning.The supermarket chain Wellcome said rumours of shortages were unfounded. The coronavirus has killed more than 550 people in China since spreading from the central city of Wuhan late last year. Hong Kong now has 21 confirmed infections, including one patient who died.The majority of those infected came from mainland China. But in recent days there has been a spike in carriers with no history of travel to the mainland sparking fears local transmissions were growing.The city’s pro-Beijing leader Carrie Lam has faced growing calls to close the border with China, a step she has been reluctant to take saying it would be economically damaging and discriminatory. Her administration has gradually cut the number of land border crossings to just two.On Wednesday, she announced anyone arriving from the Chinese mainland from Saturday would face a mandatory two-week quarantine. While Hong Kong maintains close economic and cultural links to the Chinese mainland, as seething distrust of the authorities in Beijing permeates the city.The 2003 outbreak of the SARS virus, which Beijing initially covered up, killed 299 people in Hong Kong and left lasting psychological scars on the densely populated city.Lam already boasts record-low approval ratings after using riot police to quell seven months of huge and often violent pro-democracy protests. Topics : Panic buyers in Hong Kong have descended on supermarkets to snap up toilet rolls as the government warned that online rumours of shortages were hampering the city’s fight against a deadly coronavirus outbreak.Videos obtained by AFP showed long queues of frantic shoppers packing trolleys with multiple packets of toilet rolls, with some arguments breaking out.Rice and pasta have also become a popular target for panic buying.last_img read more

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‘Probably just trash’: Mahfud MD dismisses details on West Papua civilian death toll

first_img“[The President] has received many such letters. People came up to him to shake his hands in admiration, while at the same time handing over folders and letters to him. We don’t know which ones were submitted by [Veronica] Koman,” Mahfud said.Jokowi might have not read the documents due to the sheer number of letters he received regularly, he added.“Regular citizens also send letters to the President. If [Veronica] indeed [handed over documents], they end up as trash,” Mahfud said.Read also: Activists hand details on West Papua civilian death toll to Jokowi Coordinating Legal, Political and Security Affairs Minister Mahfud MD has dismissed documents on the victims of human rights violations in West Papua recently handed over to President Joko “Jokowi” Widodo, calling them unimportant.The documents were handed over by Amnesty International Australia and Indonesian human rights lawyer Veronica Koman and fellow activists during the President’s state visit to Australia.Mahfud claimed the documents, which contain details on 57 political prisoners and 243 civilians who had been killed in Nduga, Papua since December 2018, were “trash”. Veronica responded to Mahfud’s comments, saying that his dismissive remarks would only exacerbate the collective pain experienced by Papuans.“It’s such a shame; [Mahfud’s remarks] are likely to exacerbate their pain,” she said on Tuesday as quoted by kompas.com.She went on to say that she was not surprised that Mahfud had dismissed the documents, considering that the minister had also made statements in the past that reflected his cavalier attitude toward human rights issues.“[Mahfud] previously made a statement that hurt a lot of people, that there was no single human rights violation that occurred under Jokowi’s presidency. It’s not surprising to hear a similar statement from him,” she said.Read also: Wamena investigation: What the government is not telling usVeronica said in a statement on Monday that her team in Canberra handed over letters to Jokowi directly during his visit with Australian government officials in the neighboring country’s capital.The letters included the names and locations of 57 political prisoners charged with treason and held behind bars in seven cities across Indonesia, as well as the names and ages of 243 civilians who had died during the Nduga military operation since December 2018, she said. (rfa)Topics :last_img read more

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PREMIUMOdd-even parking restrictions deter drivers on Central Jakarta’s busy roads

first_imgLog in with your social account Forgot Password ? LOG INDon’t have an account? Register here Car drivers have found it difficult to find parking spaces after the Jakarta administration implemented an odd-even parking system on Jl. Gajah Mada and Jl. Hayam Wuruk in Central Jakarta. The expansion of the odd-even policy to the two roads is part of an effort ease traffic congestion. “It has been difficult to find parking spaces on the side of the road after the administration implemented the odd-even parking system, especially since the parking lots in front of the buildings on the road are not very spacious,” Yanto, a 35-year-old company driver said after parking his car on Jl. Gajah Mada last week.The administration has enforced the odd-even parking policy on the two streets since Jan. 31 following the introduction of the odd-even driving policy on 25 roads across the city in September of last year. The new on-site parking regulation allows only cars with … Topics : Facebook Google Linkedin odd-even-license-traffic-policy Central-Jakarta traffic traffic-congestion public-transportationlast_img read more

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‘Jetman’ stuns with Iron Man-style flight over Dubai

first_imgTopics : Reffet’s carbon fibre wings are powered by four mini jet engines. The equipment, which is controlled by the pilot’s movements, is capable of reaching speeds of 400 kilometres (250 miles) per hour.On Friday, Reffet hovered five metres above the crystal waters of Dubai’s coast before shooting off into the air and skimming the city’s skyline. The Jetmen have pulled off a series of eye-popping flights in Dubai, soaring in tandem above the world’s tallest building Burj Khalifa, and alongside an Emirates Airbus A380, the world’s largest commercial airplane.Last year, Reffet and fellow Frenchman Fred Fugen also flew through the famed “Heaven’s Gate” archway in the mountains of China’s Hunan province. Daredevil Vince Reffet has soared into the skies above Dubai in the latest “Jetman” stunt, taking off from the ground and climbing to 1,800metres (nearly 6,000 feet) in a feat reminiscent of Marvel’s “Iron Man” and hailed as a world first.Reffet and his collaborators, known as “Jetmen”, have literally scaled new heights with the help of jetpacks and carbon-fire wings, staging a series of aerial displays that send them tearing through the skies at breakneck speed.In an awe-inspiring flight captured on viral video, the Frenchman on Friday hovered five metres above the crystal waters of Dubai’s coast before shooting off into the air and skimming the city’s skyline. center_img “We accomplished another world first in 100 percent autonomous human flight with @jetmandubai, who took off from the ground before soaring to a high-altitude flight of up to 1,800m!” tweeted Expo 2020 Dubai, the mammoth trade fair that will open in October.We accomplished another world first in 100 per cent autonomous human flight with @JetmanDubai, who took off from the ground before soaring to a high-altitude flight of up to 1,800m! @xDubai #Expo2020 #Dubai #MissionHumanFlight #TheWorldsGreatestShow #xDubai #JetMan pic.twitter.com/xJc0VR4Cfw— Expo 2020 Dubai (@expo2020dubai) February 17, 2020The Jetmen had previously launched themselves into the air by jumping down from high platforms. “It’s the result of extremely thorough teamwork, where each small step generated huge results. Everything was planned to the split second, and I was overjoyed by the progress that was achieved,” Reffet said in a statement.”One of the next objectives is to land back on the ground after a flight at altitude, without needing to open a parachute. It’s being worked on.”last_img read more

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Jakarta to host ONE Esports MLBB invitational with Rp 2.1b prize pool

first_imgOne of Asia’s leading sport and media giants, ONE Championship, has announced its inaugural ONE Esports Mobile Legends: Bang Bang (MLBB) Invitational, which will take place from May 2 to July 5 in countries across Southeast Asia.Top players and teams from all over the world are to compete for a total prize pool of US$150,000 (Rp 2.1 billion) in the Jakarta round of the competition from July 1 to 5.”We will not only be providing an opportunity to compete, but also put on a world-class competition,” stated CEO ONE Esports Carlos Alimurung in a press release The Jakarta Post received on Thursday. The competition will bring together the world’s best MLBB players and teams, and is the first of two competitions in the MLBB series that is being promoted with MLBB developer Shangai Moonton Technology. The series aims to develop the best MLBB teams, share and celebrate the stories of e-sports heroes and inspire MLBB fans around the world.MLBB is a multiplayer online battle arena (MOBA) mobile game that can be played on phones and tablets. It is played in 139 countries and regions in Southeast Asia, Europe, North America, the Middle East and South Asia in 25 languages, and operates on more than 1,200 servers to ensure that the game runs smoothly.MLBB was launched in mid-2016 for Android and iOS, and is the most popular MOBA game among players outside of China, with more than 500 million installs and 80 million monthly active users. MLBB was also the first title announced as a medal game at the inaugural esports event at the 2019 Southeast Asian Games.Realizing the industry’s huge potential, Indonesia has opened its doors to developing the online gaming industry and has hosted various gaming competitions, among which the largest is the President’s Cup.Earlier, President’s Cup organizer Giring Ganesha said that the government intended to promote and expand the online gaming industry toward producing world-class online games and gamers.Topics :last_img read more

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COVID-19 impact far more complex than 2008 crisis: Sri Mulyani

first_img“The possibility of job terminations comes from companies who cannot operate as usual, such as airlines, hotels and also the manufacturing sector, which is experiencing a disruption in the supply chain. Although there could be effects on the financial sector because it could create NPLs [non-performing loans].”The government is currently preparing a second fiscal stimulus package to cushion the economy from negative effects of the novel coronavirus, especially on tourism and export- and import-oriented industries, especially manufacturing.Read also: Indonesia finalizes second stimulus package to support trade amid virus fearsThis follows last week’s unveiling of a Rp 10.3 trillion (US$722 million) stimulus package to support consumer spending and tourism. Bank Indonesia estimates the country’s economic growth to slow to a three-year low of 4.9 percent in the first quarter, from 4.97 percent in the fourth quarter of 2019. As the government prepares a second fiscal stimulus package to support the economy, Finance Minister Sri Mulyani Indrawati warns that the economic impacts of the COVID-19 coronavirus outbreak will be far more complicated than that of the 2008 financial crisis.Driven by the United States subprime mortgage debacle, the 2008 financial crisis mostly affected financial institutions, banks and the capital market, she explained on Thursday. Meanwhile, COVID-19 is affecting broader business sectors, including tourism, transportation, trade, manufacturing and investment.“[COVID-19] has hit the real economy because it deals with people’s willingness to move around and conduct activities, so the risk would be in the real economy,” Sri Mulyani told reporters after a limited cabinet meeting at the State Palace in Central Jakarta. Sri Mulyani said COVID-19 was also a much more complicated issue as it involves humans and their lives, unlike the 2008 crisis where the effects on the people were more indirect, such as via financial institutions and big corporations.“People’s activities are suddenly partially paralyzed as schools are closed, factories are closed and people are working from home. Therefore, we should pay attention to the impacts [of the virus],” she added.  Read also: Another stimulus package prepared for manufacturing industry as coronavirus spreadsIndonesian Chamber of Commerce and Industry (Kadin) chairman Rosan Roeslani said business players were waiting for policy relaxations related to export and import activities as one of the anticipatory measures to shield Indonesia’s economy from the effects of COVID-19.“Yes, we have talked about fiscal and monetary policies […] We also discussed matters related to exports and imports,” Rosan said, acknowledging that the virus had caused a decline in the sales and production of several industries, including automotive businesses and tourism.However, Rosan denied claims that the coronavirus had resulted in layoffs and a shortage of raw materials, as feared by many business players and policymakers.Indonesian Employers Association (Apindo) chairman Hariyadi Sukamdani said fears over mobility and traveling had severely affected sectors related to travel and tourism, as well as the meeting, incentives, convention and exhibition (MICE) industry.There have been many cancellations of events due to growing concern over the spread of the coronavirus, he said, urging the public to remain vigilant in the short-term.“I think conditions will return to normal within the next three months. However, globally, it really depends on how long it takes for other countries to recover from this issue,” said Hariyadi, who is also chairman of the Indonesian Hotel and Restaurant Association (PHRI). Worldwide, more than 98,000 people have been infected with COVID-19 and 3,300 have died, with China, South Korea, Italy, Iran and Japan the worst affected. Indonesia confirmed on Monday its first two COVID-19 cases and is testing more suspected patients.center_img Topics :last_img read more

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BREAKING: Indonesian transportation minister tests positive for COVID-19

first_imgBudi reportedly attended a Cabinet meeting on Wednesday.Pratikno said President Joko “Jokowi” Widodo had appointed Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan as ad interim transportation minister.Gatot Subroto Army Hospital doctors said Budi’s condition was improving. (kmt/mfp)Topics : Transportation Minister Budi Karya Sumadi has tested positive for COVID-19.State Secretary Pratikno announced on Saturday evening that Budi was identified as Case 76 in a previous Health Ministry announcement and was being treated at the Gatot Subroto Army Hospital.He declined to say when Budi had been admitted to the hospital or when he had likely been infected.last_img

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India’s poor, hammered by coronavirus lockdown, fear for future

first_imgTopics : Shaikh Bahaduresha, 31, lived on Mumbai’s streets for two months last year, unable to make ends meet on his meager taxi-driving profits of roughly $5 a day. After he got married in December, his wife put some money towards renting a small apartment, and they moved in together.But with much of India now under lockdown to fight the coronavirus, Bahaduresha’s newfound stability could come crashing down.He has no more taxi customers, which means he cannot afford food beyond rice and lentils, and will not be able to pay his rent, due on Tuesday. “So far, the prime minister’s intervention has put the onus of responsibility on citizens … but it has fallen short of explaining clearly what the state is going to do,” said Gilles Verniers, a political science professor at Ashoka University near New Delhi.”There is nothing that looks like a national plan on the social front.”The prime minister’s office did not immediately respond to a request for comment.Some markets near the slum were closed and vendors still selling vegetables on the pavement said their distributors were no longer supplying them.Dharavi residents said they were stretching out meals and forgoing pricier foods such as mutton. Khatun, a frail 70-year-old, wept on her bed as she recounted that her son, who does odd painting jobs, was out of work.Ajay Kewat, 21, said his family only had provisions for a few more days: “I’m afraid that after a week, there won’t be food.” center_img “I have no savings. My wife and I will be on the street again,” said Bahaduresha as he waited in vain next to shuttered stores for a cab owner who he said owed him a deposit. “The USA is a VIP country, you can block it for a month and it’s okay, but in India you have to take care of the poor.”Prime Minister Narendra Modi has urged India’s 1.3 billion people to stay home and the majority of the country is under lockdown. As of Monday, India had reported 471 cases of the virus and nine deaths.A dozen Indians living in Mumbai’s sprawling Dharavi slum said they supported the clampdown, but wanted government support.The issue highlights how difficult it is for countries to tackle the virus without destroying livelihoods – a challenge that is especially acute in developing nations with significant populations living hand-to-mouth.last_img read more

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Rupiah may slide to Rp 20,000 per US dollar in worst-case scenario

first_imgThe rupiah could hover around Rp 17,500 or even slide to as low as Rp 20,000 against the US dollar, the weakest in history, if Indonesia’s economy contracts and the COVID-19 downturn is prolonged, Finance Minister Sri Mulyani Indrawati has warned.The local currency, already the worst performer in Asia, is currently trading at Rp 16,450 per US dollar, according to Bloomberg data. It has depreciated around 15 percent since the end of December last year. The rupiah touching Rp 17,500 to Rp 20,000 per US dollar would be a record low, surpassing the Rp 16,950 against the greenback during the 1998 financial crisis.“This is the worst-case scenario […] We will take measures to prevent this materializing,” Sri Mulyani told a teleconferenced media briefing on Wednesday. The projection was part of macroeconomic assumption scenarios and exercises carried out by the government in response to the COVID-19 pandemic, she added. The government has also prepared the worst-case scenario of an economic contraction by 0.4 percent if the pandemic lingers. The baseline scenario is that Indonesia’s economy will grow by 2.3 percent this year, the lowest in 21 years, Sri Mulyani said.“We are forward-looking, so the steps we’re taking are preventive measures,” Sri Mulyani said, adding that COVID-19 had disrupted household activities, hampered firms’ sales and revenue and had hit micro, small and medium businesses.Bank Indonesia (BI) has been stabilizing the rupiah through its “triple market intervention” measures, focusing on the foreign exchange spot market, domestic non-deliverable forward (DNDF) market and secondary bond markets.The central bank has bought a total of Rp 172.5 trillion worth of government bonds, including Rp 166.2 trillion from foreign investors in the secondary market. “We will always be in the market to maintain liquidity,” BI Governor Perry Warjiyo said.Perry added that the central bank was seeing signs of a slowing down in capital outflows, which had caused the rupiah to depreciate. Capital outflows eased from Rp 167.9 trillion during the height of the coronavirus outbreak from Jan. 20 to March 30 to Rp 145.1 trillion so far this year until March 30.The latest government bond auction was also oversubscribed, Perry added, indicating that interest in Indonesian financial assets remains intact.“The government absorbed Rp 22.2 trillion from the Rp 15 trillion indicative target from the auction, having received total bids of Rp 35.5 trillion,” Perry said.Topics :last_img read more

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