Govt raises $2.5b through global sukuk offering to address pandemic deficit

first_imgIndonesia has raised US$2.5 billion from a three-tranche global sukuk (sharia-compliant bond) offering to help the government fund the battle against the coronavirus pandemic, the Finance Ministry announced on Wednesday.The sukuk were offered on the Singapore stock exchange and NASDAQ Dubai in the United Arab Emirates on Wednesday. The 10-year maturity sukuk brought in $1 billion, and the five-year and 30-year maturities amounted to $750 million each. The settlement date is set for June 23.Read also: Indonesia raises another $4b from bonds, in talks with development banks The yield of the most recent 5-year sukuk is 2.3 percent, while those of the 10-year and the 30-year sukuk are 2.8 percent and 3.8 percent respectively. The yields are the lowest in the country’s history of global sukuk offerings.The issuance was oversubscribed by $16.66 billion, or 6.7 times its target, reflecting a relatively strong international investor appetite for the instruments.“The global sukuk issuance received a great response from local and global investors alike despite highly volatile market conditions,” the statement read.Read also: Investing in bonds safe bet amid market volatility: ExpertsMore than half of the sukuk’s value was backed by state assets in the form of land and buildings as underlying assets, while 49 percent of the sukuk’s value was backed by government projects.BNP Paribas, Dubai Islamic Bank, HSBC, Maybank and Standard Chartered acted as joint lead managers and joint bookrunners. BNP Paribas and HSBC also acted as joint green structuring advisors.”The global sukuk is attractive to investors as the rupiah is strengthening, inflation remains low and the yield differential rate is attractive compared to those of developed countries,” Anthony Kevin of Mirae Asset Sekuritas Indonesia told The Jakarta Post on Thursday.”However, we expect investor confidence to deteriorate over the coming months as the economy shrinks in the second quarter, triggering selloffs of the rupiah and Indonesian bonds,” he said.Topics : “The transaction is in line with the government’s financing plan, including to accommodate the state budget’s need to mitigate the impacts of the COVID-19 pandemic, as well as to strengthen Indonesia’s position in the global sharia financial market,” the ministry said in a statement.The government has unveiled a Rp 695.2 trillion ($49 billion) stimulus package to fight the economic and public health impacts of COVID-19. It expects the deficit to reach 6.34 percent of gross domestic product (GDP) this year.Indonesia had sold Rp 369 trillion worth of government bonds as of May, an increase of 98.3 percent from the same period last year. The government is planning to issue another Rp 990 trillion worth of government bonds, including samurai bonds and diaspora bonds, from June to December of this year to cover the widening deficit.The sukuk offering was Indonesia’s third global debt issuance this year. In January, the country raised more than $3 billion from dollar- and euro-denominated bonds, followed by a $4.3 billion triple-tranche bond offering, which included a 50-year bond, in April to help fund coronavirus relief.last_img read more

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Send a Txt, Register 2 Vote

first_imgSend a Txt, Register 2 Vote By: J.J. Abbott, Deputy Press Secretary SHARE Email Facebook Twitter Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf September 13, 2016   SHARE  TWEET Government That Works,  The Blog,  Voting & Elections Governor Wolf <3 voting.That’s why he’s trying to make it easier for every Pennsylvanian to participate in the electoral process.He’s launched online voter registration – register.votespa.com – and nearly half a million Pennsylvanians have used it. But approximately 2 million eligible Pennsylvanians are still not registered to vote, according to U.S. Census and Department of State statistics.But now, registering to vote and finding your polling place (plus other important services) are just one short – seven characters to be exact – text message away.Eligible Pennsylvania citizens can text the word “PA” to “2Vote” (28683) on their smartphones.The user will receive a link that provides direct access to the online voter registration application, voter registration status, polling place locator and link to contacts for county offices and the Department of State.Try it!The voter registration deadline for the November general election is October 11. The text message link also provides users with important dates and deadlines significant to the November 8 general election. Standard messaging rates may apply.last_img read more

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Semco, ISC and WSP Partner Up for US Offshore Wind

first_img“Over the past year, this has grown into a strong partnership and we aim to make this collaboration available to as many clients as possible.” According to the parties, the partnership will combine Semco Maritime’s and ISC’s offshore wind farm and substation engineering and construction experience with WSP’s expertise in U.S. offshore wind permitting and engineering. The three companies previously worked together on multiple U.S. projects where they optimized the connection of offshore wind farms to onshore power grids and provided specialized engineering services for offshore high-voltage power substations. “We developed our relationship through joint business opportunities where we could see that a winning factor was the ability to marry offshore wind experience with local knowledge,” said Tommy Flindt, Director of Engineering & Technology, Offshore Wind, Semco Maritime. The aim is to help clients in the procurement and delivery of offshore wind projects, growing its availability for U.S. homes and businesses. Semco Maritime, ISC Consulting Engineers and WSP USA have established a partnership to collaborate in the offshore wind market in the U.S. Most recently, they are collaborating on the Mayflower Wind project offshore Massachusetts. Semco is in charge of fabricating and delivering the project’s offshore substation in a joint venture with Bladt. Together Semco,ISC and WSP will perform the engineering design work.last_img read more

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Ballack regrets leaving Chelsea

first_img “Today, I can say maybe it was wrong. I should have stayed, even for that one year. Read Also:Chelsea legend backs pursuit of €100m attacking target “I could never imagine that I would go back to [Bayer] Leverkusen. Until the last day, I actually thought we would find a way at Chelsea. I was really hoping I could stay until the end.” FacebookTwitterWhatsAppEmail分享 Michael Ballack has said that he regretted leaving Chelsea in 2010. Loading… Promoted ContentWhich Country Is The Most Romantic In The World?Who Is The Most Powerful Woman On Earth?6 Interesting Ways To Make Money With A DroneProbably The World’s Most Beautiful Ceilings!Birds Enjoy Living In A Gallery Space Created For ThemThe Adorable Model For Simba In The Lion King RemakeGorgeous Asian Actresses All Men Are Crazy About8 Superfoods For Growing Hair Back And Stimulating Its GrowthDid You Know There’s A Black Hole In The Milky Way?Top 10 Most Romantic Nations In The World2020 Tattoo Trends: Here’s What You’ll See This Year5 Of The World’s Most Unique Theme Parks Ballack wanted a two-year contract but Chelsea’s policy only allowed players over the age of 30 to sign one-year extensions. He told Sky Sports: “Carlo [Ancelotti] wanted me [to stay] but the club made a decision to only give players of that age a one-year contract. I wanted two.Advertisementlast_img read more

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How Bayern will file out against Chelsea for Champions League clash

first_img Promoted Content7 Ways To Understand Your Girlfriend Better8 Superfoods For Growing Hair Back And Stimulating Its Growth10 Risky Jobs Some Women DoCan Playing Too Many Video Games Hurt Your Body?The Most Exciting Cities In The World To Visit7 Universities Where Getting An Education Costs A Hefty Penny10 TV Characters Who Were Destined To Become IconicWho Is The Most Powerful Woman On Earth?7 Universities In The World Where Education Costs Too Much6 Extreme Facts About HurricanesWhich Country Is The Most Romantic In The World?The Best Geek Movies Of All Time Read Also: UCL: Sterling applauds Man City energy in Real Madrid win Serge Gnabry scored twice in the reverse fixture and should start on Saturday night, being joined by Robert Lewandowski, Thomas Muller and most likely Perisic in the front four. Bayern will also be without Benjamin Pavard, meaning Joshua Kimmich should switch from midfield to right-back. Bayern XI to face Chelsea (4-2-3-1): Neuer; Kimmich, Boateng, Alaba, Davies; Goretzka, Thiago; Gnabry, Muller, Perisic; Lewandowski FacebookTwitterWhatsAppEmail分享 Loading… center_img Bayern Munich will battle Chelsea without Kingsley Coman as they look to complete the job in their Champions League clash on Saturday night. The 24-year-old has been struggling with a muscle injury in recent weeks and missed training on Friday. He is expected to sit out Saturday’s last-16 second leg encounter in Munich. Bayern Munich manager Hansi Flick Bayern boss Hansi Flick admitted he must now choose between Ivan Perisic and Philippe Coutinho to replace Coman. Liverpool target Thiago Alcantara should take his place in midfield. “Kingsley Coman is not available, we have two great options in his position with Perisic and Coutinho,” said Flick. “Perisic is a little more dynamic in attack, but Coutinho is better on the ball and can play in more positions, as a number 10 off (Robert) Lewandowski. I will decide [on Saturday].”Advertisementlast_img read more

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Iowa ‘D’ stifles Badgers

first_imgAlexis Mitchell had seven kills, but it wasn\’t enough to beat the Hawkeyes.[/media-credit]Iowa entered Wednesday night’s matchup at the Field House with the Big Ten’s top statistical defense and it showed in the Hawkeyes’ victory over the Badgers.Wisconsin struggled to score against Iowa, especially in the fourth set, which they lost 25-18 to end the match three sets to one. And though the Wisconsin defense finished with one more dig (50 to Iowa’s 49), the Hawkeyes often seemed to be in better position than the Badger defense.“It’s not just that they were making digs, I think they were quality digs,” Wisconsin head coach Pete Waite said. “They were getting it right on target so they could run their offense. I think that’s something we weren’t doing. Even though we might’ve gotten one more dig, we were off the net more; we weren’t running our quick offense as much.”Iowa’s ability to counter the Badgers’ attack led to a long night for Wisconsin. On one side of the ball, the UW offense struggled to convert on its chances, finishing with a .170 hitting percentage.Waite thinks it had just as much to do with his team’s offensive struggles, however, as with the Hawkeyes’ defense.“I think it was more our shot selection,” Waite said. “We went right at their libero crosscourt quite a bit, but when we were swinging line we were scoring quite a bit more.”As a team, Iowa had 15 blocks to just three for Wisconsin, making it difficult for UW to get in any type of rhythm offensively. The blocking was a team effort for Iowa — which is not exactly the tallest team — as all but three players to play for the Hawkeyes had at least one assisted block.“They’re scrappy,” outside hitter Allison Wack said. “It’s difficult when you’re taking your heavy swings and they’re just digging some balls, but we just tried our best to stay composed and keep going after them. They played great defense.”Defensively, Wisconsin had a difficult time stopping Iowa outside hitters Emma Krieger Kittle and Megan Schipper as well as setter Aimee Huffman and middle blocker Becky Walters. Overall, Iowa finished with a .275 hitting percentage.Walters had the best hitting percentage for Iowa on the night, finishing at .478 while leading the Hawkeyes with 12 kills. She also added three solo blocks on the night.“Obviously, Walters did really well,” Waite said. “(She had) a high hitting percentage out of the middle, and we had trouble stopping. So, you know, that says a lot number one for the defense.”Schipper entered the contest leading the Hawkeyes offensively with 151 kills, and average of 3.6 per set. The 5-foot-11 senior played a big role defensively as well, as she finished with 11 kills to go along with 10 digs.She finished with just a .147 hitting percentage, however, something Waite believed was a credit to his defense.“Really, a .147 hitting percentage, that’s pretty low, so I think we did contain her pretty well,” Waite said. “I think she just got stronger and the match went on and got more of her kills later on.”Toon shines in front of family and friendsWith her family watching from the middle of Section E at the Field House, freshman Kirby Toon had a strong game for Wisconsin, finishing second to Wack with 13 kills on 36 attempts for a .222 hitting percentage.Even her father Al, a former receiver for Wisconsin and the New York Jets, and brother Nick, Wisconsin’s current top receiver, made an appearance at the game, coming directly from football practice next door. To top it off, the duo was featured on court on the Big Ten Network during the intermission.So though she treated the game no differently than any other, the Toon family certainly made its presence felt Wednesday night.“I kind of tried to block out any outside influences,” Toon said. “I think mentally, maybe in the back of my mind having them there supporting me is good. But I really just try to go out there and focus and play my game regardless of who’s out there.”Of course, the rare occasion when the entire Toon family is able to attend one of her games is certainly enjoyable for the freshman walk-on from Middleton.“It’s always awesome — my whole family was here today,” Toon said. “It was really cool that they were all able to coordinate with their schedules. It’s very rare that everyone gets to get to one place at one time now since everyone’s so busy.”last_img read more

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Serie A: Milan Held, Juve Celebrates Title in Turin

first_imgMario Balotelli missed a penalty as AC Milan, jeered off the field after a dismal first half, drew 3-3 with lowly Frosinone in Serie A yesterday while Palermo’s late survival bid continued with a 2-0 win over Sampdoria.Juventus, who clinched a fifth successive Serie A title last Monday, refused to let up and notched their 25th win in 26 league games by beating lowly Carpi 2-0. Carpi, in their debut season in Serie A, stayed 17th, one place above the relegation zone, with 35 points and are only ahead of Palermo on goal difference, with the two teams tied on their head-to-head record.Frosinone, who like Carpi are playing in the top flight for the first time, are four points adrift of safety in 19th and, with two games left, look set to go straight back to Serie B.Milan’s season has gone from bad to worse since they fired coach Sinisa Mihajlovic three weeks ago and reached a new low when they lost to bottom-of-the-table Verona on Monday.It looked even worse at halftime at San Siro as Frosinone led 2-0 with goals from Luca Paganini and Oliver Kragl but Milan, under interim coach Christian Brocchi, hit back after the break with the help of two penalties awarded for handball.Balotelli squandered the first at the start of the half when his effort was saved by Francesco Bardi but Jeremy Menez made no mistake in the second minute of stoppage time to rescue a point for the hosts.In between, Carlos Bacca pulled one back for Milan in the 50th minute, Federico Dionisi made it 3-1 for Frosinone after a blunder by Milan defender Alex five minutes later and Luca Antonelli replied for Milan with a bicycle kick.There was also time for Balotelli, who has had a dreadful season, to smash a shot against the bar with the last kick of the game. Milan dropped to seventh below Sassuolo who beat Verona 1-0.Palermo, who have had a chaotic season with eight coaching changes, overcame a subdued Sampdoria after Franco Vazquez scored in the first half and Nenad Krsticic turned the ball into his own net with five minutes left.Juventus midfielder Hernanes, with his first goal for the club, and Simone Zaza scored in each half to increase Carpi’s relegation worries. Juventus have 88 points from 36 games, 15 clear of Napoli who host Atalanta this evening.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Two Ghanaian referees for Women’s Championship

first_imgTwo Ghanaian referees have been selected to officiate at the 2014 African Women’s Championship (AWC) scheduled for Namibia from October 11-25.The duo, Christine Ziga Enyoman and Emmanuella Aglagoh will be the only Ghanaian representation at the tournament the Black Queens make a return to following a sit out at the last edition since its inception.Information gathered by GNA Sports indicates that the two referees made it into the list of 26 selected officials based on their performance in recent times.Ziga, 32, a centre referee will be making a third appearance at a major continental championship since receiving her international badge in 2010.For 34-year-old assistant referee Aglagoh, the tourney will be her fourth major international competition after the recent FIFA U-17 Women’s World Cup in Azerbaijan and her role at the All African Games in Maputo, Mozambique in 2011 where she officiated alongside Ziga.Aglagoh was on duty at the final of the 2014 Youth Olympics in Nianjing, China a fortnight ago. Ghanaian referees have performed creditably at the flagship continental women’s football championship, with retired Mercy Quarcoo Tagoe going all the way to officiate the final match of the 2008 edition also staged in Equatorial Guinea.last_img read more

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GUSA Games – Day 3 wrap

first_imgAfter an exciting first two days of Ghana Universities Sports Association (GUSA) Games, day three served even more excitement.The games are being hosted by the University of Ghana, Legon and saw participating schools taking part in nine disciplines on Tuesday, January 7, 2019. The disciplines include Basketball, Volleyball, Football, Handball, Tennis, Goalball, Beach Volleyball, Hockey and Netball.BasketballA total of six games were played in both men and women categories. In the men’s category, the standout game was the clash between the University of Ghana (UG) and the Ghana Institute of Management and Public Administration (GIMPA). This was termed as a local derby as both schools find themselves in the same city, Accra. UG won the bragging rights after totally outclassing GIMPA to record a 133-40 victory. In the women’s category, the standout match was between the University of Cape Coast’s and the University of Development Studies. The University of Cape Coast scored an impressive 142-20 win against UDS.Full Results:UPSA 33-32 UDS – MenKNUST 38-26 UDS – Women GIJ 22-46 – UHAS – MenUCC 83-30 UENR – MenUG 133-40 GIMPA – MenUCC 142-20 UDS – WomenVolleyball Six games were played. Four in the women category and two for the men. In the women’s category, University of Professional Studies, Accra(UPSA), Kwame Nkrumah University of Science and Technology (KNUST), University of Development Studies (UDS) and University of Cape Coast (UCC) all won. Kwame Nkrumah University of Science and Technology (KNUST) also won in the male category alongside the University of Education, Winneba (UEW)Full results:UPSA 3-0 UENR – Women KNUST 3-0 UMaT – WomenUDS 3-0 UHAS – WomenUCC 3-0 UEW – WomenKNUST 3-0 UMaT – MenUPSA 0-3 UEW – Men FootballIn the football, University of Ghana (UG) women’s team stole the show as an impressive performance saw them record a thumping 5-0 victory over University of Professional Studies, Accra (UPSA).Another big scoreline on the day was recorded in the men’s match between the University of Energy and Natural Resources (UENR) and Ghana Institute of Management and Public Administration (GIMPA). UENR won 8-0.Full results:UG 5-0 UPSA – Women UCC 1-1 (2-3 penalties) UEW – WomenKNUST 2-0 UDS – WomenGIMPA 0-8 UENR – MenGIJ 1-1 (3-4 penalties) UMaT – MenUG 1-0 UPSA – MenKNUST 2-1 UDS – MenUCC 2-0 UEW  – MenNetballOnly two games were played on Tuesday. The University of Ghana (UG) were beaten 32-26 by University of Education Winneba (UEW) and then University of Cape Coast (UCC) recorded a 67-24 victory against Kwame Nkrumah University of Science and Technology (KNUST).Handball results:KNUST 6-34 UCC – WomenUG 20-27 UDS – WomenUDS 23-24 UPSAUG 62-11 UHASTennisMen’s Singles Emmanuel Plange (UCC) beat Richmond Armah (UEW) 2-6, 6-2, 6-1Fumi (UCC) beat Bernard Armah (UEW) 6-1, 6-2, 4-6Women’s singles Annette Cruikshank (UCC) bt Naa Shika Adu (UG) 5-7, 7-5, 2-1(R).Mariama Ibrahim (UEW) beat Priscilla Dosoo (UG) 6-4, 6-1.Women’s Doubles Georgina Adjetey and Perpetual Morgan (UCC) beat Quartey Gertrude and Ohemaa Adu-Mensah 6-0, 6-0.Goalball results:UEW 7-2 UG – WomenUEW 11-7 UG – MenBeach Volleyball results:KNUST 0-2 UDS – WomenKNUST 0-2 UPSA – MenUHAS 0-2 UG – MenUCC 2-0 UEW – MenHockey results:UCC 2-0 UG – WomenUCC 1-1 (3-4 penalties) KNUST – MenThe games continue on Wednesday, January 8 with Athletics being the main attraction.last_img read more

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Gibson/McCook Relays alive and kicking

first_img The love and respect for the giant of a sporting icon, seeming to be ever present asserted itself even more in what the professor must have thought was the final query as he offered a sum up remark. “However, the basic attitudes, values and principles are the same ones enunciated by Bishop Gibson and the Honourable Neville Teddy McCook. We will not change a winning formula.” Foster’s Fairplay is not known to sideline those who are the major players – spectators. They should always receive value for funds spent. Many come to the park seeking innovations or features, new or established, which will heighten the appeal of and ensure lasting interest in the spectacle. With this in mind and alert to scarcity of disposable income to satisfy a sophisticated entertainment appetite, there would be no ignoring that. The man who seems to forget his auspicious title, calling himself simply ‘Rainford’, responded. “The GMR is a spectacle, its essence is high-quality athletics executed efficiently and on time. Jamaica is the focus and repository of high-quality athletics, and relay running in particular, and we feel no pressure to change anything, except being more efficient.” He referred to the GMR as “a training ground for track and field officials”. About overseas participation? “(It) would complement the meet and we would welcome it, but it is difficult to arrange for a variety of reasons. We continue to pursue that initiative and we will see how it goes when the opportunity presents itself.” On future plans? “We are in a strategic review process and will have to pay attention to several factors, including sustainable funding, penetration of the Caribbean and wider NACAC area in order to contribute to regional development of athletics. But short of extending to a second day, there is little room for change.” The chief organiser was less effusive on the 2016 features. “We will introduce a bit of spectacle for some of the championship events this year with the help of (sponsors) Digicel. Our emphasis is on quality and efficiency in a safe, fun-filled environment. The spectacle will come from the performances.” Rest well, Teddy. The Gibson McCook Relays will live on. n For feedback, email lauriefoster2012@gmail.com. Last week, the team leader of the organising committee of the Gibson-McCook Relays (GMR) was interviewed on KLAS Sports Radio. Any sentimentally inclined sporting enthusiast must have been duly moved. Foster’s Fairplay was privileged to have been part of the audience. The show, configured for the ‘riding home’ pleasure of working class Jamaica and hosted by a Fortis stalwart in sports journalist, Stratton Palmer, drove home a salient point. The rich legacy of the event, conceptualised and cofounded by bright minds, was alive and kicking. Forty years ago, inspired by visits to the world acclaimed Penn Relays Carnival, Jamaica’s now departed track and field icon, the energetic and ebullient administrator, Neville ‘Teddy’ McCook, could no longer ignore the bee in his bonnet. The concept, aligned to the energy and enthusiasm to create and replicate for his own, led to the founding of the Gibson Relays, as it was first named. Why not, as the Reverend Percival William Gibson, born in the same year as Prime Minister Norman Washington Manley – had played such a significant and seminal role in the shaping and steering of the McCook of the 1950s. The term ‘no-brainer’, not yet hatched, would now be quite appropriate. It is no easy task to have Kingston College old boy and former athlete medical professor Rainford Wilks speak about the planning team and his achievements. However, it would be a journalistic faux pas not to try. He was quizzed on attempts to emulate the McCook model and sustain the principles, prestige and precision of the event. He explained: “The organisation and execution are based on the same principles as under Mr McCook. The committee consists of complementary personalities and skills required to execute the meet, many carefully chosen by McCook himself and serving long internship – are very prepared for the job.” The assessment demonstrated a stark and unapologetic resolve to laud the work of the man who threw the first die. There was more to come. “We have enhanced the organisation with modern information and communication technology, as well as organisational and accounting principles and requirements.” LOVE AND RESPECTlast_img read more

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