Category: sbepresh

BNI Syariah sees profit soar in Q1, chances to expand international banking services

first_imgBNI Syariah reported that its third-party funds (DPK) grew 16.58 percent to Rp 44.86 trillion, with current accounts and savings accounts (CASA) dominating the DPK and making up 64.96 percent of the total. Recently, BNI Syariah managed to enter the BUKU III category, which is a cluster of banks with core capital of between Rp 5 trillion and Rp 30 trillion. The bank’s core capital reached Rp 5 trillion as of March following an injection of capital in the form of asset handover worth around Rp 255 billion by the bank’s parent company, director of compliance Tribuana Tunggadewi said.“As BNI Syariah becomes a BUKU III bank, it has the opportunity to optimize its international businesses,” Firman said, adding that the effort meant potential fee-based incomes of up to Rp 70 billion from trade finance and around Rp 20 billion to Rp 30 billion from remittance.The company has offered several international banking services, such as international trade finance, remittance, letters of credit and export and import financing.Read also: BNI pursues Rp 4 trillion acquisition planBNI Syariah could benefit from its parent company’s presence in six major cities across the globe, namely Singapore, Tokyo in Japan, Seoul in South Korea, Hong Kong, New York in the United States and London in United Kingdom, as the cities had a sizable Indonesian population and businesspeople with Indonesia-related businesses, Firman said.As part of an effort to optimize the new business opportunities, the bank worked to increase its digital capacity and target the millennial market to tap into a bigger customer potential. BNI Syariah finance and operations director Wahyu Avianto mentioned in the press briefing that during the pandemic, the bank was “reaping the rewards” of its digital programs that were initiated two years ago. Among the bank’s innovations was the online account opening service, which saw a 136.86 percent increase between December 2019 and March 2020 to almost 25,000 accounts.Read also: Banking shares under pressure as investors avoid risk amid gloomy outlookThe bank has also been developing its sharia e-money called HasanahKu, which it claims to be the first of its kind, to support the growth of the halal ecosystem in the country.Wahyu noted that the digital initiatives had led to an increase in third-party funds, and hence, its fee-based income. “We hope in the future, they can help boost the growth of BNI Syariah’s profitability,” Wahyu said.Topics : BNI Syariah, the sharia subsidiary of state-owned Bank Negara Indonesia (BNI), reported a jump in its net profit during this year’s first quarter as it eyed opportunities to expand international banking services by banking on its parent company’s overseas branches.BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter of the year as the adverse impacts of the COVID-19 pandemic had yet to hit the bank’s bottom-line as of March, president director Abdullah Firman Wibowo said. “However, we have anticipated its impacts in the next quarter, both on the business front as well as on the assets quality side. We hope these impacts can be minimized so that we can still make a profit,” he added during a livestreamed press briefing on Thursday.  The coronavirus outbreak is expected to hit the banking industry as it disrupts business activities and forces millions of people out of job, battering loan demand and jeopardizing credit repayments.Read also: State-owned banks restructure $1.84b in loans to soften COVID-19 impactsBNI Syariah recorded a 9.8 percent growth in financing disbursement to a total of Rp 32.32 trillion while its non-performing financing (NPF) rose to 3.8 percent from 2.9 percent during the same period last year. Between December 2019 and March 2020 alone, NPF climbed by 47 basis points. “We will try our best to manage the [NPF] to remain at a level below 4 percent, hopefully even below 3.5 percent,” Firman said. last_img read more

Medical workers, police, military to get COVID-19 vaccines first: Erick Thohir

first_imgThe government will prioritize medical workers as well as police and military personnel in the provision of a COVID-19 vaccine once it is widely available as part of the government’s vaccination strategy, State-Owned Enterprises Minister Erick Thohir has said. “We will prioritize those working on the front line [during the COVID-19 pandemic]. It maybe too early to say this as we don’t have a vaccine yet. However, we need to have a strategy,” he said on Friday, as quoted by kompas.com.Erick, who also helms the national COVID-19 mitigation and national economic recovery committee, said people who lived in high-risk areas would also be prioritized. Read also: Nine reasons you can be optimistic that a vaccine for COVID-19 will be widely available in 2021The minister said the government had prepared two schemes for the mass COVID-19 vaccination program.The first is to provide free vaccinations for National Health Insurance (BPJS Kesehatan) beneficiaries. Erick said 221 million people were registered under the program.“However, we need to look at the list to prioritize those who can’t pay,” said Erick.The second scheme is a paid vaccination program for people who can pay. According to the government’s estimation, each person would need to pay US$30 for two vaccinations.The government previously announced that Indonesia had secured at least 300 million doses of a potential COVID-19 vaccine, following ministerial visits to China and the United Arab Emirates.Foreign Minister Retno LP Marsudi said the country had secured a commitment to be sent 20-30 million doses by the end of this year, while the remaining would be sent gradually until the end of next year. (vny)Topics :last_img read more

Governor Wolf Signs Nine Bills Into Law

first_img Bill Signing,  Press Release Harrisburg, PA  – Yesterday, Governor Tom Wolf signed nine bills into law. The following pieces of legislation are now law:Act 62 – House Bill 89 sponsored by Rep. Harper amends Title 42 (Judiciary), in discipline, removal and retirement of judicial officers, further providing for automatic retirement on age.Act 63- House Bill 239 sponsored by Rep. Greiner amends the County Pension Law further providing for definitions and for supplemental benefits.Act 64 – House Bill 753 sponsored by Rep. Culver establishes the PA Long-term Care Council; providing for its powers and duties; and repealing related provisions of the Public Welfare Code.Act 65 – Senate Bill 77 sponsored by Sen. Alloway amends Title 34 (Game), in special licenses and permits, further providing for dog training areas.Act 66 – Senate Bill 609 sponsored by Sen. Mensch establishes a task force on prostate cancer & related chronic prostate conditions; & providing for powers of the task force, DOH, PID, Dept. of Aging & DHS, and for prevention and education strategies.Act 67 – Senate Bill  775 sponsored by Sen. Eichelberger amends Title 11 (Cities) consolidating the 3rd Class City Code; making revisions concerning records of ordinances; qualifications for city treasurer; selection of appointee from list of PA National Guard; making a repeal.Act 68 – Senate Bill 791 sponsored by Sen. Eichelberger amends the Second Class Township Code, in township officers generally, further providing for removal for failure to perform duties.Act 69 – Senate Bill 793 sponsored by Sen. Hutchinson amends the Second Class Township Code, in corporate powers, further providing for building & housing regulations & repealing provisions relating to building & housing inspectors; & for UCC, property maintenance code & powers.Act 70 – Senate Bill 887 sponsored by Sen. Costa amends Title 75 (Vehicles), in rules of the road in general, further providing for duty of driver in construction and maintenance areas or on highway safety corridors and for duty of driver in emergency response areas.# # #Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf November 25, 2015 SHARE Email Facebook Twittercenter_img Governor Wolf Signs Nine Bills Into Lawlast_img read more

A luxurious resort-style home – and how about a free Porsche?

first_imgThis Mission Beach home comes with a white Porsche Cayenne already in the car park.THE owners of a luxurious resort-style Mission Beach home is offering not only the furniture to the new owners, but also their white Porsche Cayenne.The three-bedroom, home at 36 Pacific Parade, Mission Beach is listed for sale for $1.8 million.Suzi and Warren Lee are selling their Mission Beach home.It is owned by barrister Warren Lee, chairman and managing director of Australian Mortgage Fund (AMF), and his wife Suzi.The couple also have property on the Gold Coast and have purchased a new holiday home in Vanuatu.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago36 Pacific Parade, Mission BeachThe home, which is listed through Ray White Mission Beach overlooks the Coral Sea.Mrs Lee said they could work from anywhere and they had been spending a month in Mission Beach and a month on the Gold Coast.36 Pacific Parade, Mission Beach“But we have now built a very similar house in Vanuatu so we have to downsize somewhere. Vanuatu is a new love for Warren, he loves it there.’’36 Pacific Parade, Mission BeachMrs Lee said the seven-year old Porsche Cayenne would be worth about $60,000.She said they loved Mission Beach which had become their winter escape.Marketing agent Melissa Thurgood said the home had two undercover living areas.36 Pacific Parade, Mission Beach“Then there is the outdoor deck on the beachside of the home where you will also find the plunge pool.’’last_img read more

Couple on course to happiness

first_imgAn internal render showing the livings pace inside one of the homes at Halcyon Greens Fairway Series.Halcyon joint managing director Bevan Geissmann said the swift buyer response to the Fairway Series had been phenomenal, with the majority of buyers coming from Brisbane.Dr Geissmann said the Fairway Series would be unlike any project designed and delivered by Halcyon in its 14-year history.“They are a modern twist on country club style and will include new homes that offer three bedrooms, three bathrooms and an open living space with panoramic views,” he said.“The Fairway Series includes three new colour schemes with subtle textures and extensive use of stone and timber.”Other residences in the 500-home community are still available and priced between $474,000 and $750,000.The over-50s lifestyle resort offers a range of communal facilities beyond the golf course, including 2.4ha of central parkland, a clubhouse and lodge with fireplaces, outdoor and heated indoor pool, championship-size bowling green, floodlit tennis court, cinema, gym, dance studio, outdoor amphitheatre, walking trails and pickleball courts.Homeowners will also have access to a work shed, herb and vegetable garden, rose garden and fruit orchard, as well as storage facilities for boats, golf buggies, caravans and CCTV security. Halcyon GreensThe couple had been looking to downsize from their four-bedroom apartment at Kangaroo Point but had been in no rush to move.And when they were introduced to Halcyon Greens by two of Mr Bonifant’s golfing buddies, they knew they had to act fast.“My interest in Halcyon Greens was heightened when two of my golfing friends told me they were moving to the community,” Mr Bonifant said.More from news02:37International architect Desmond Brooks selling luxury beach villa19 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“We had been looking around for a while but never urgently, until we became aware of the Fairways Series.“We realised a quick decision was necessary, and just as well we did because all bar one (lot) was spoken for in the first few hours of release.“We have always been conscious of having a nice outlook, and the view from the Fairways Series is an outstanding, peaceful vista looking out over the parklands with unrestricted views to the golf course.”The couple, who are both keen golfers, bought a 280sq m home with three bedrooms plus study and two-car lockup garage with buggy accommodation. Halcyon Greens residents John and Robyn BonifantNine out of the 10 fairway-frontage residences at Halcyon Greens on the Gold Coast sold out in one day, with all homes sold within a week of release.But there are still homes up for grabs in the over-50s lifestyle resort, with prices starting from $474,000.Retired real estate agent John Bonifant and his wife Robyn were among the 10 buyers who secured a home in the Fairway Series.The homes sold for prices starting at $965,000. Each residence will front the third fairway of the Gainsborough Greens Golf Course, which adjoins the $300 million Halcyon Greens at Pimpama.last_img read more

With Australian property prices high, more investors are eyeing off overseas properties

first_imgA two-bedder in Sydney or a home on the Greek Islands?WITH it cheaper to buy a property in the Greek Islands than a two-bedroom apartment in Sydney at the moment more Australia’s are looking to park their investment dollars overseas.New analysis by international money transfers group, WorldFirst, revealed one in two Australians would choose overseas countries for property investment because it was cheaper than here.WorldFirst Head of Foreign Exchange, Patrick Liddy, said while not all those who said they wanted to invest overseas would go through with it, he did deal with many people who had bought overseas.When asked if they would invest in overseas property rather than Australia if they had the funds, information, tools and resources to do so, 50 per cent of respondents said yes, with 61 per cent of those respondents saying that high local property prices were the primary motivating factor.About 11 per cent of respondents said they would invest in overseas property with the plan to retire there one day. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 13:43Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -13:43 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, 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 Rate1xFullscreenPrestige property with Elizabeth Tilley13:44 Mr Liddy said 35 per cent of respondents said they would choose a property investment that they themselves could use for holidays and rent out otherwise.He said wage growth was stagnant so it was no wonder many Australia’s thought local prices were too high.“You can probably get more bang for your buck purchasing a ski lodge in Japan, a bach in New Zealand or a chateau in France, but it’s important to make the right financial decisions when buying an often expensive property asset overseas.’’More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours agoWhile it all sounds glamorous Mr Liddy said investment in property overseas was not without its risks.He said foreign currency fluctuations needed to be taken into account, as well as the political and economic climate of the country investors were buying in.He said buyers should wait until the Australian dollar was strong to make their purchase and unfortunately not all investors were able to buy in the countries they wanted to because of various foreign buying laws. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 3:17Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -3:17 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, 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 Rate1xFullscreenMichelle Hele’s May market wrap03:17 “A number of clients we come across are the baby boomer generation, so they are looking to buy what comparatively is a really, really nice property overseas, for a fraction of the price of what you would pay in Australia for the same thing,’’ he said.“We are looking at very specific cases here, but why not?“I think a lot of people are saying that to themselves why not go and live somewhere a bit more exotic.“Buying a property in the Greek Islands seemed outrageous ten or 15 years ago, but it is actually cheaper than buying a two-bedroom apartment in Sydney right now,’’ he said.last_img read more

Irish government pledges €1bn a year for new sovereign fund

first_imgThe Irish government is to launch a reserve fund and may partially support the scheme with assets from its existing sovereign development fund, the Ireland Strategic Investment Fund (ISIF).Releasing the summer economic statement earlier this week, minister for finance Michael Noonan said the government would stand by its pledge in the programme for government to launch the so-called rainy day fund.Noonan said that, from 2019, at which point the government is expecting to run a balanced budget, it would put aside €1bn a year to be used to offset any future economic slowdown with potential stimulus measures.Documents released as part of the economic statement say: “Proposals for the operation of the rainy day fund and the circumstances under which the amount would be deployed as a fiscal support for the economy will be developed.” The document adds that the Department of Finance will issue a consultation by early next year detailing the “proposed operational modalities, including inter alia the trigger for deploying the fund”, with details to be discussed with the Oireachtas, Ireland’s parliament.“The government,” it continues, “will also consider the merits of using any one-off receipts (such as windfall corporate tax receipts – or, indeed, other windfall tax revenues) or part of the Ireland Strategic Investment Fund to capitalise the rainy day fund.”The Irish Fiscal Advisory Council, a statutory body offering independent assessments of government policy, has supported the establishment of a rainy day fund.The council’s most recent report from the beginning of June notes that such a fund could help successive governments withstand pressures to relax fiscal policies in times of a budget surplus. It adds: “An appropriately designed rainy day fund could give the government scope to operate counter-cyclical fiscal policy to boost the economy during future downturns.“It could also help the government to avoid the need for forced fiscal consolidation in the event of a sudden loss of market access.”A spokesman for the Department of Finance was unable to say whether financing would come from the €7.9bn segment of the ISIF being used to stimulate economic growth, or if funding would be diverted from the directed portfolio, used by the government in 2009 to buy stakes in Allied Irish Banks (AIB) and Bank of Ireland.He noted that any decision on use of ISIF funding would be discussed by parliamentarians when the consultation got underway.ISIF’s directed portfolio was most recently valued at €13.5bn and returned 15.3%, partially aided by a revaluation of AlB to €4.33 per share, up from 1.3 cents per share in 2014.The discretionary portfolio, meanwhile, which sees investments scrutinised by an independent investment committee chaired by former HSBC North America chief executive Brendan McDonagh, returned 1.5% last year and has committed capital to a number of projects that aim to boost economic growth.The National Treasury Management Agency’s former chief executive John Corrigan has previously predicted capital within ISIF’s discretionary portfolio would be committed within five years, meaning the majority of the portfolio’s capital is likely to be deployed by the end of 2019.last_img read more

FRC board warns over government delays to budget sign-off

first_imgThe UK’s audit regulator is facing a cash crunch that could affect its ability to finalise its budget for the coming year due to government delays in signing off its pay proposals.According to minutes from a March meeting of the Financial Reporting Council’s (FRC) board, the leadership expressed “continued disappointment that the pay settlement had not yet received ministerial approval despite the FRC’s efforts”.The board warned that continued delays could have “detrimental financial implications for some staff” that the FRC, as a public body, would be unable “to provide financial compensation to anyone who might be affected”.The issue comes as the FRC prepares to transition into the Audit, Reporting and Governance Authority (ARGA), the UK’s new audit regulator. The creation of ARGA was put forward as one of the main recommendations of the Kingman Review into the future of the FRC. The meeting minutes also showed that the FRC planned to press the UK government to be granted “sufficient flexibility over recruitment given the staffing increase required to implement the Kingman recommendations”.The UK business minister Greg Clark announced the Kingman Review in April last year under the leadership of former senior civil servant Sir John Kingman, to conduct a thorough review of the FRC’s role and functions.In August 2017 IPE revealed how the FRC had fought a long-running campaign opposing attempts to classify it as a public body. The topic of FRC staff pay first emerged in a series of parliamentary questions tabled last year by Sharon Bowles, a former MEP and now a lawmaker in the UK parliament’s upper chamber, the House of Lords.According to one response from the government dated 18 July , 13 FRC employees were earning more than the UK prime minister’s salary of £150,402 (€167,592).A separate parliamentary answer revealed that FRC chief executive Stephen Haddrill earned £378,831 in 2016, more than double the prime minister’s salary.FRC to reconsider actuarial regulation, dividend rulesMeanwhile, the FRC board also questioned whether it was the most appropriate organisation to supervise the actuarial profession.The FRC is currently responsible for setting and maintaining technical actuarial standards as well as overseeing the Institute and Faculty of Actuaries’ supervision of the actuarial profession.According to the minutes, the FRC’s board also concluded that “it would be more appropriate to develop a more comprehensive consultation on the issue of distributable reserves”, from which companies can pay dividends.The Local Authority Pension Fund Forum (LAPFF) – which represents the majority of local government pension schemes in the UK – has lobbied hard on the question of dividend payments over the course of the past decade.The LAPFF believes that accounts prepared under international financial reporting standards do not deliver a fair picture of a company’s financial position, putting the business at risk of paying out dividends from shareholder capital rather than retained earnings.last_img read more

Jesse Dale Gamble

first_imgJesse Dale Gamble, 44 of Milan passed away Wednesday January 3, 2018 at his home.  Jesse was born April 14, 1973 in Cincinnati, OH the son of Bobbie and Lucy (Bright) Gamble.  He was a member of the Mustang Club.  He enjoyed working on cars with tools and drag racing.Jesse is survived by Mother: Lucy Lunsford of Milan; Father: Bobbie Gamble of Lutherville, Maryland; sister: Brenda (Mike) Stout of Cincinnati, OH.Services will be held at the convenience of the family. Sibbett-Moore Funeral Home entrusted with arrangements, Box 156 Moores Hill, In 47032.last_img

Police Blotter 04-29-2020

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