Three into Severn won’t go

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PREMIUMThis week’s tax updates: Treaty with Singapore, omnibus bill submission

first_imgTopics : The government is amplifying tax collection efforts by submitting an omnibus bill on taxation to the House of Representatives this week as well as signing a double-tax avoidance agreement with Singapore.Finance Minister Sri Mulyani Indrawati said the bill, which would reduce corporate income tax and make internet giants pay taxes, was waiting for approval from the House before its implementation.“Though we cut the corporate tax rate, we will widen our tax base and maximize our spending so that there is no economic shock,” Sri Mulyani told reporters on Wednesday. “This must be maintained because of the global economic slowdown.”Indonesia collected Rp 1.33 quadrillion in tax revenue last year, or 84.4 percent of the full-year target, causing a shortfall of Rp 245.5 trillion, the worst in at least five years. This caused the state budget deficit to ri… Forgot Password ? Log in with your social account Facebook Google Linkedin LOG INDon’t have an account? Register here Indonesia taxation tax-treaty omnibus-bill Singapore tax-to-GDP-ratio tax-collection Sri-Mulyani Jokowi Halimah-Yacoblast_img read more

Bolsonaro taps family friend as Brazil top cop, Supreme Court OKs probe

first_imgBrazilian President Jair Bolsonaro on Tuesday named a family friend to head the federal police, days after his justice minister quit and accused the president of meddling in law enforcement, triggering talk of impeachment and a criminal investigation approved by the Supreme Court.The government’s official gazette confirmed the appointment of new federal police chief Alexandre Ramagem, 48, who took charge of the president’s security after he was stabbed on the campaign trail in 2018. The selection comes amid investigations of alleged wrongdoing by Bolsonaro’s sons.Ramagem, who joined the federal police in 2005, has the fewest years of service of any officer tapped to lead the force. He ran the Brazilian Intelligence Agency since July. On Friday, Justice Minister Sergio Moro alleged in a stunning televised address that Bolsonaro had repeatedly said he wanted a “personal contact” in the top police job “from whom he could get information, intelligence reports.”Brazil’s Supreme Court on Monday gave the green light for the top public prosecutor to investigate the allegations against Bolsonaro of interfering in law enforcement. Justice Celso de Mello gave the federal police 60 days to carry out the investigation requested by Brazil’s chief public prosecutor Augusto Aras.Based on the results of the police investigation, the public prosecutor will decide whether to press charges against the president. An indictment would have to be approved by the lower house.On Tuesday, the opposition Democratic Labor Party asked the Supreme Court to block Ramagem’s nomination, alleging an abuse of power. Topics :center_img The affair has sparked talk in Congress of impeachment, just four years after such proceedings toppled former President Dilma Rousseff.However, a poll by Datafolha published on Monday evening showed Brazilians divided on impeachment, with 45% supporting the move and 48% against.Crucially, Bolsonaro appears to be keeping core supporters, the poll showed, with 33% of those surveyed saying they thought he was doing a good or excellent job.Political interference Still, the accusations from the popular “super minister” Moro, who locked up scores of powerful politicians and businessmen as a judge, has dented Bolsonaro’s corruption-fighting image, which was central to his 2018 campaign.Moro said he had never seen political interference of the kind sought by Bolsonaro over Brazil’s federal police, even under previous governments whose officials and allies were convicted of participating in sweeping corruption schemes.A New Year’s party photo on social media of Ramagem grinning beside the president’s son Carlos Bolsonaro, a Rio de Janeiro city councilman, circulated widely on Tuesday, emphasizing the close ties between the family and the new top cop.Carlos Bolsonaro is the subject of a Supreme Court probe looking at his role in disseminating “fake news,” according to newspaper Folha de S.Paulo. His brother, lawmaker Eduardo Bolsonaro, was accused in a congressional investigation of participating in a “fake news” scheme.Their eldest brother, Senator Flavio Bolsonaro, is also being investigated by state prosecutors in Rio de Janeiro over alleged money laundering and misuse of public funds.All three have denied any wrongdoing. They and the president have decried the probes as politically motivated attacks.Over the weekend, Bolsonaro took to Facebook to defend Ramagem, after word of his nomination leaked to the press.”So what? I knew Ramagem before he knew my children. Should he be vetoed for that reason? Whose friend should I pick?” the president said in a post.last_img read more

Crowds at HI traffic circle OK if health protocols followed: Anies

first_imgHe said that exercising in an open area was good but that that bringing young children to crowded places was not advisable.“Be a responsible parent who understands the risk for your children. If you want to bring your kids along, it’s preferable to do it near your home,” he said.According to the official government count, Jakarta had 19,125 confirmed COVID-19 cases and 759 deaths as of Sunday. (trn)Topics : Jakarta Governor Anies Baswedan has said that crowds at the Hotel Indonesia traffic circle are not a cause for concern as long as attendees comply with health protocols.The city administration suspended Car Free Day (CFD) in the area after briefly reinstating it at the end of June because of concerns about the large crowds the event attracted. Despite the suspension, a number of bicyclists and pedestrians have continued to go to the area on Sunday mornings.“As we see, the volume of residents joining the event on Jl. Sudirman and Thamrin is lower,” Anies told the press on Sunday. “Even though there are many people, they are still fewer than those at previous CFD events. The most important thing is that people are wearing masks when they go out.”last_img read more

Pre-war home with the modern touch snapped just after hitting the market

first_imgThis Enoggera home sold for more than $300,000 above the suburb median.A FOUR-BEDROOM home in Enoggera was only on the market for two weeks before it was snapped up for $1.055 million.The double-storey pre-war house at 24 Laurel St was the second biggest sale across the northwest for the week.Agent Carmen Briggs from Harcourts Solutions said they had received a number of offers on the home shortly after it hit the market.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoInsode 24 Laurel Street, Enoggera“They loved the fact that it could be used for dual living, that it had beautiful polished floors, a great big shed and room for three or four cars,” Ms Briggs said.The buyers were a young couple renting in the area thathad been on the hunt for their first home.The sale price was well above the median sale price for Enoggera of $700,000.Pre-war charms with a modern makeover.It is also the third highest sale price in Laurel St, behind No.53 that sold for $1.065 million andNo.9 which went for $1.725 million, when they were sold last year.“Enoggera is becoming very popular with its proximity to the city, it’s very close to everything,” she said.“We are getting a lot of first-home buyers.”last_img read more

BNY Mellon calls for fewer LGPS infrastructure pools, IORP II clarity

first_imgThe 89 funds within the UK local government pension scheme (LGPS) should pool assets into two or three infrastructure pools to service the half a dozen multi-asset arrangements, according to BNY Mellon, which also called for the government to stop promoting a “passive investment is best” agenda and mandate a uniform approach to discount rates.The recommendations, among others, were made in the investment company’s submission to the government’s consultation on reforms to the LGPS, which closes on Friday.BNY Mellon said the government’s asset pooling proposals would help drive down costs, achieve better investment outcomes and stimulate new infrastructure investment.It took issue, however, with certain aspects of the government’s position – for example, for advocating that LGPS should increase their use of passive management to lower management costs. It described this as promotion of a “passive investment is best” agenda.Paul Traynor, international head of pensions and insurance segments at BNY Mellon, said the government’s proposals “confuse price and value”, and that active management was “worth paying for”.“LGPSs shouldn’t move into passives and hope for the best,” he said.  In the context of the government’s aspiration for the consolidation of the LGPS to boost infrastructure investment, BNY Mellon said two or three “infrastructure superpools” should be created rather than each of the six asset pools proposed by the government having their own infrastructure pool.While six LGPS pools “seems sensible”, said Traynor, BNY Mellon also said six LGPS infrastracture players was “too many”.“[F]rom an infrastructure perspective, limiting it further to two or three pools with portfolios in excess of £6bn (€7.7bn) would create even more synergies,” said Traynor.Others have previously suggested a single infrastructure pool should be created, but BNY Mellon said it would lack competition even though it would provide even greater scale.BNY Mellon’s report, entitled ‘LGPS Pooling: The Collective Good?’, said several factors, such as a growing population and low interest rates, support the government’s proposals for increased LGPS investment in infrastructure.But Traynor warned that the LGPS “shouldn’t be seen as an easy way to plug the nation’s funding gap”, citing the risks that come with investment in this asset class, such as construction and reputational risk.From social housing to discount ratesBNY Mellon makes eight recommendations in total, for the schemes and the government.They are wide-ranging, with the remainder addressing issues such as the formal structure of the LGPS pools, tax efficiency and the importance of allowing competition among pools.The investment manager also calls on the government to clarify its policy on social housing and IORP II, the EU directive on occupational pension funds currently being revised, “to give certainty to potential investors”.Another recommendation is for a “proper governance structure” to be established with respect to the decision-making powers of LGPS pools “to safeguard fiduciary duties of the trustee and prevent breaches of European Union competition laws and rules governing collective investments”.The final recommendation is for “some” local authorities to own up to the cashflow challenges they face in the medium to long term.“Whatever the overall health of the LGPS’s funding, some outlier local authorities are on course to face significant challenges to their ability to pay retirees pensions in the medium to long term,” said the investment manager.“The sooner these challenges are faced, the easier it will be to address them.”BNY Mellon also raised the issue of schemes’ funding from the point of view of data accuracy, noting that local authorities use different discount rates that make meaningful comparisons difficult and could be a stumbling block in the context of deciding on pools to partner with.To address this issue, it said the government should mandate a uniform approach to discount rates to facilitate the partnering process.,WebsitesWe are not responsible for the content of external sitesLink to BNY Mellon report: ‘LGPS Pooling: The Collective Good?’last_img read more

Lady Bulldogs JV Wins Hauser Summer League Tourney

first_imgAfter competing weekly for over a month in the Hauser Volleyball League, the Batesville JV Volleyball Team participated in the final tournament on Monday, July 15th. The Lady Bulldogs would go undefeated on the day earning strong wins over Hauser, Columbus North, and finally North Decatur to capture the 2019 Hauser Summer League Championship trophy.Courtesy of Bulldogs Coach Shelly Prickel.last_img

Bolt shuts down Facebook scam

first_imgWORLD’S fastest man Usain Bolt acted quickly to shut down an online impersonator looking to claim charity on the sprinter’s behalf.On Sunday a post published on social media platform Facebook, which bore the moniker Bolt Usain with photo and ‘feeling blessed’ status attached, asked fans to donate an amount of $200 000 in order to help a mother care for her sick child.The poorly-written note, completed with several grammatical errors, proposed that the sprinter was overburdened by helping people in need and that he himself now desperately needed help.Then real Bolt was quick to shut down the halfhearted impersonation attempt and posted the account to his official Twitter page after taking a screenshot of it and the message and, which he captioned with the word ‘Fake’.The post was later deleted by Facebook. The real Bolt is known for being charitable and has helped several individuals in need whether through his Usain Bolt Charity or personally.It remained unclear whether the post was being investigated by Jamaican police for attempted online fraud.last_img read more

Annual report shows theft increased at USC in 2011

first_imgVice President of Student Affairs Michael Jackson said he is all too familiar with this problem.“Criminals look for vulnerabilities and try to take advantage of them,” Jackson said. “They know that when school is in session, we have lots of people in the USC communities with expensive technology.”Carlisle said the solution to the university’s theft problem is  common sense.“Many of these thefts could have easily been prevented had students simply locked their doors,” Carlisle said.Daniel Kim, a sophomore majoring in psychology, agreed with Carlisle.“As students, we should be held responsible. Always be vigilant, always be alert, close the door when away. You just have to be careful, be smart about it,” Kim said.Jackson shared the sentiment, adding that in residence halls, “students need to stop letting strangers tailgate them and come in the door. When we let strangers and non-students into our residence halls, that creates vulnerability.”Carlisle stressed teamwork as another component of safety, and said he believes that the shared responsibility that often works on The Row can also apply to the larger community.“We need all the members of the Trojan Family to work together to prevent crime,” Carlisle said. “A simple precaution such as locking your door whenever you are away, even if just for a moment, is important.”Overall, however, Carlisle said DPS still has goals to reduce crime even more in upcoming years.“We have made significant strides in crime reduction with substantial declines for several consecutive years,” Carlisle said. “An upturn was likely inevitable, but we will continue to analyze crime trends and develop strategies to address them.” The number of burglaries at USC’s University Park Campus increased by almost 30 percent in 2011, while robberies have nearly tripled from 2010, according to the federally mandated Annual Security and Fire Safety Report, released by the university last week.Crime · Dept. of Public Safety officers monitor the University Park campus as part of the department’s overall effort to eliminate crime. DPS also stresses student awareness of dangerous situations as a key part of safety. – Caitlin Ito | Daily TrojanAside from the jump in robbery, burglary and weapon law referrals, crime on campus remained relatively stable and non-violent. Uncommon violations, such as arson and hate crimes, remained relatively consistent with previous years’ statistics, and murder, negligent manslaughter and non-forcible sex offenses were nonexistent.Drug and liquor offenses even decreased significantly from 2010.Statistics from 2012 have not yet been made available.Dept. of Public Safety Capt. David Carlisle attributes the decrease in drug and liquor violations to an increase in shared responsibility between students and DPS officers, particularly on The Row.“We have worked closely with the [Inter-Fraternity Council] in an effort to encourage responsible behavior on The Row,” Carlisle said in an email. “The fraternity leaders have been very cooperative in taking a position of responsibility including managing risk. We prefer that fraternities ‘police’ themselves and control irresponsible behavior such as toxic or underage drinking.”The increase in self-policing among students seems to be working: Liquor law referrals decreased from 509 instances in 2010 to 293 in 2011 — a 42 percent drop — and drug law referrals slowed by about 32 percent, from 223 in 2010 to 152 in 2011.Jordan Klein, a freshman majoring in computer science (games), approved of the relative passivity of DPS on The Row.“On The Row, DPS only intervenes if they see someone [who] clearly needs help or is in bad condition,” Klein said. “They are less worried about the mass culture of drinking than they are about safety, and that’s good.”But a much larger concern for students is theft. One hundred and forty eight robberies and burglaries occurred at USC in 2011, up from 99 in 2010. According to Carlisle, many burglaries are committed at bus stations around the perimeter of campus by burglars looking to take advantage of unsuspecting students.last_img read more

Paschal Replaces Injured Victor Okoh

first_imgPaschal plays for Vaxjo United FC in Sweden, and would now shoulder the responsibility, alongside Adamu Alhassan, Yahaya Nazifi, Ibrahim Aliyu, Adeshina Gata, Ibrahim Abubakar and Effiom Maxwell to provide the goals for the seven –time African champions in Niger Republic.The Flying Eagles go up against host nation Niger Republic, South Africa and Burundi in Group A of the 15 –day championship, with matches to take place in Niamey and Maradi. Paul Aigbogun’s wards play their first match against Burundi on 2nd February, before further group phase contests against South Africa and Niger Republic on 5thFebruary and 8th February respectively.Nigeria have been triumphant at Africa U20 level in 1983, 1985, 1987, 1989, 2005, 2011 and 2015, and finished as runners –up at the global stage in 1989 and 2005, while winning bronze medals in 1985.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram U20 AFCONSweden –based forward Onyekachi Durugbor Paschal has been drafted in to replace injured Victor Boniface Okoh in Nigeria’s squad for next month’s Africa U20 Cup of Nations finals in Niger Republic.Team Administrator Aliyu Ibrahim Lawal said yesterday that medical examination on Real Sapphire FC striker Okoh revealed he had knee injury that would keep him out for between four and six weeks and meant he could not be part of the U20 AFCON finals.last_img read more