Category Archives: mched

Hong Kong unemployment rate hits highest in more than 9 years

first_imgTopics : Total employment fell by around 48,800 to 3.72 million.The year-on-year declines in total employment and the labor force widened further to 3.6% and 2.2% respectively, both the largest on record.The unemployment rate in the consumption- and tourism-related sectors combined soared to 6.8%, the highest since the global financial crisis a decade ago.”The labor market will continue to face significant pressure from the economic fallout arising from the pandemic in the near term,” Secretary for Labor and Welfare Law Chi-kwong said in a statement. Hong Kong’s unemployment rate rose to the highest in more than nine years in the first quarter as the coronavirus dealt a sharp shock to an economy already in recession.The seasonally adjusted jobless rate in January-March rose to 4.2% from 3.7% in previous three-month period, government data showed on Monday.The underemployment rate hit nearly a decade high of 2.1%, from 1.5% in the previous three-month rolling period.center_img The government earlier this month announced relief measures worth HK$137.5 billion ($17.7 billion) to help businesses and people losing money due to the coronavirus outbreak to stay on their feet, and urged employers not to lay off workers.Some 10,400 retail employees are expected to have lose their jobs in February-May, about 4% of the 260,000 workforce in the retail sector, Hong Kong Retail Management Association said.Hong Kong’s economy contracted for the first time in a decade in 2019 due to often-violent anti-government protests and the US-China trade war.While the government of the Asian financial center has stopped short of full lockdowns seen in some other cities, the recession is expected to deepen this year.The Chinese-ruled city recorded zero new coronavirus cases on Monday for the first time since early March, health authorities said, though they urged residents to maintain strict hygiene and social distancing practices and avoid unnecessary travel. last_img read more

Jokowi pledges central bank to remain independent

first_imgJokowi told a briefing with foreign correspondents that the central bank would remain independent, when asked about the recommendations, adding he had no plans to issue an emergency decree to change BI’s role.The panel also recommended to parliament BI be allowed to buy government bonds in the primary market and purchase zero-interest bonds under certain economic conditions.BI is currently allowed to conduct such operations only in response to the coronavirus pandemic.The central bank has pledged to purchase US$28 billion of government bonds, while relinquishing interest payments this year, but officials have stressed the policy would be one-off amid concerns about inflation.When asked if the so-called “burden-sharing” scheme would continue, Jokowi said: “If our economic growth reaches 4.5 percent-5.5 percent (next year), maybe not in 2022”.The president said he would be content even if Indonesia continued to post negative growth by the third quarter as long as it recovered from the 5.32 percent contraction in the second quarter.He did not give a growth forecast for 2020, but Finance Minister Sri Mulyani Indrawati has forecast GDP will be within a range of -1.1 percent to 0.2 percent.Topics : Indonesian President Joko “Jokowi” Widodo pledged on Tuesday that the country’s central bank would remain independent, a day after a panel of experts advising parliament recommended that government ministers be given voting rights at policy meetings.In proposals that could amount to the biggest shake-up of the monetary authority in two decades, the panel also suggested economic growth and employment be added to Bank Indonesia’s (BI) mandate among other amendments to Indonesia’s central bank law.Analysts have warned the proposals could raise questions over BI’s independence and Indonesia’s track record of prudent macroeconomic policymaking, although some also said reform was needed to ensure BI could meet new challenges and support Southeast Asia’s biggest economy during the pandemic.last_img read more

Aussies turn to RSL lotteries with hope of living their dream

first_imgThe Palm Beach apartment complex is worth $6M.Young Australian homebuyers struggling to get on to the property ladder are turning to art union lotteries in the hope of attaining their dream home.Most Aussies dream of living by the sea, yet only 4 per cent of homebuyers can afford to buy in these areas, according to a survey by RSL Art Union and While 50 per cent of the 3000 young people surveyed live in cities, 50 per cent said they wanted to live by the beach, or in a house with views. Meanwhile, 34 per cent said they would sacrifice amenities such as a pool or tennis court if it meant they could have a bigger backyard or a garden shed. MORE QUEENSLAND REAL ESTATE NEWS: Unique project coming to life One of the spacious bedrooms in the Palm Beach complex.Ms Bishop said people who won these types of prizes tended to relocate to live in the penthouse, and then rent or sell the other apartments in the block.More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours ago“It’s cash-in-hand straightaway, and offers a future income too,” she said.“It can change someone’s life and all the funds raised go to helping Australia’s veteran community.”Tracey-Lee Barker’s dream of owning a home by the beach came true when she received a phone call from the RSL Art Union.Ms Barker won a luxury three-bedroom, three-bathroom apartment, with $125,648-worth of furniture and electricals, on Kirra Beach on the Gold Coast. As a VIP Club $20 book buyer, Ms Barker also won $40,000 in gold bullion.“We’re going to let family holiday in the apartment for a little while then we might think about letting it out to others for their dream holidays,” she said.With her father-in-law formerly in the army, she knows first-hand the support RSL Queensland offers ex-servicemen and women.“I’ll keep buying tickets because you’re donating to a good cause and you never know – someone has to win,” the mother-of-four said. “Our win has encouraged other family members who don’t already buy art union tickets to start buying them now too.” Visit: Most pet-friendly suburbs revealedcenter_img Imagine waking up to this view at your very own Palm Beach apartment complex.Draw 375: the Golden Treasure is the biggest prize offered by RSL Art Union and gives people the chance to win a pet-friendly apartment complex in Palm Beach, including a double-storey penthouse and four apartments.“The furniture is worth $300,000,” Ms Bishop said. “The rental income from the complex is just under $250,000 annually. It just ticks all the boxes.“We know what people want and that’s what we have gone for. A property close to the beach, plenty of space, with a large back deck for entertaining. A lack of space is what annoys people most.” Magic at a triple-storey manor Draw 375: the Golden Treasure is the biggest prize offered by RSL Art UnionTracey Bishop, the general manager of the RSL Art Union, said that because only a small percentage of homebuyers could afford the Australian dream of seaside living, many were turning to art union lotteries. Ms Bishop said a prize draw on the Gold Coast worth $6 million was attracting lots of interest from young people. “It’s one way to become a multi-millionaire,” Ms Bishop said. last_img read more

Protecting Flaxmill Bay and Cooks Beach

first_imgA combination of king tides and the extreme weather event over the weekend has resulted in significant erosion at Flaxmill Bay and Cooks Beach, Thames Coromandel District Council said in their latest release. “Emergency works to protect and stabilize the embankment at this location will start this week,” said Area Manager North, Allan Tiplady.The weather event at the weekend also saw the memorial cairn at Cooks Beach falling off the reserve and onto the beach due to more erosion occurring.“The cairn is being recovered today by our contractor for temporary storage at a safe location,” added Mr Tiplady.The erosion at Cooks Beach has been managed through the adaptation of a soft engineering approach, for example, beach push-up, dune restoration and planting. In the past few months extreme weather events, in combination with king tides, has severely tested these coastal protection works.“We’re working on a detailed assessment of the erosion, particularly in regards to any risk to the road which is about 6-8m away from the erosion at this section of Cooks Beach,” said Mr Tiplady. “Our coastal engineer and coastal scientists will be visiting the site to discuss more appropriate and durable options to protect our infrastructure, reserves and  heritage.”Appropriate hard coastal protection structures in combination with soft engineering options will be considered as management options for Cooks Beach and the nearby Purangi Reserve, the council said.last_img read more

Three arrested on drug charges

first_imgNORTH VERNON, Ind. — Three people were arrested on multiple drug-related charges in North Vernon.According to police, Colten D. Halbig, 22, of Vevay, John O. Galliher, 19, of Aurora, and Ryan Bushorn, 20, of Aurora, were all arrested on charges of possession of paraphernalia and possession of marijuana.Police say officers responded to a phone tip about possible drug activity in a car.Officers found the vehicle and stopped it after the driver committed a moving violation.During the stop, the officer requested assistance from a K-9 officer, which alerted the officer to the scent of an illegal drug in the car.Officers searched the car and found several pipes and marijuana.last_img

Lim blasts Cornelius transfer

first_img “There has been a lot of press speculation on the loss incurred by the club due to sales. This unfortunately is true. “We took the hard decision to incur these losses for the good of the club. “To commit the club to a significant cost and liability over a five year contract for one player is not prudent, especially as he was not to contribute to our success now, but was for the future.” League Managers Association chief executive Richard Bevan leapt to Mackay’s defence, branding Lim and Cardiff’s statement “inappropriate and unprofessional”. Bevan urged for caution during an ongoing legal process between Cardiff and Mackay, surrounding compensation and his departure from the club. “It is most unfortunate that Mr Lim has chosen to speak out in this way,” said Bevan. “Mr Lim is aware that there is a legal process under way between Malky Mackay and Cardiff City and it is both inappropriate and unprofessional for either party to be making public statements of this nature at this time. “Given that Mr Lim has spoken out against Malky Mackay in relation to the acquisition of a player, however, it is only right that the record is put straight on the following two key issues. “This is the same Mr Lim to whom, under the specific and express terms of Malky Mackay’s contract of employment with Cardiff City, Malky was obliged to report in respect of all matters pertaining to the transfer of players. “This is the same Mr Lim who, when being asked more than once, upon dismissing Malky Mackay, why he was dismissing him, said that he did not know the reason. “All football clubs at the elite level have systems in place for corporate governance. “Cardiff City is no exception. “A manager, even in the Premier League, does not go out and “sign” players. “All recommendations go to his CEO and board, essentially the Chief Executive on the board’s behalf – deals with all financial arrangements to finalise any signings.” Cardiff chief executive Simon Lim criticised the transfer policies of former manager Malky Mackay and Iain Moody, the ex-head of recruitment, in a statement released on Thursday. Lim confirmed the club effectively wrote off nearly £9million over Danish striker Cornelius, who has returned to FC Copenhagen after just seven months in Wales. Cardiff have claimed that “imprudent and careless management” has cost them “in excess” of £8.5million over their signing of unsuccessful striker Andreas Cornelius. Club-record signing Cornelius failed to score in his doomed South Wales stint, and now Cardiff bosses have singled out his disastrous transfer. “The key shareholders have made their dissatisfaction of such a huge loss known to the board of directors which they believe is due to imprudent and careless management undertaken by the previous football management,” Lim said in the statement. Cardiff’s chief executive also praised new manager Ole Gunnar Solskjaer’s work in the January transfer window, another veiled swipe at former boss Mackay. “Our shareholders have expressed their support and pleasure to the new management team,” the statement reads. “Tan Sri Vincent Tan, through the board of directors and with their support, is ‘encouraged by the work done by manager Ole Gunnar Solskjaer in the January transfer window.’ “Solskjaer was instrumental in attracting top professionals who have the experience and the willpower to make an immediate impact in the club’s desire to maintain its Premier League status.” Lim confirmed through the statement that Cardiff spent £6million on six permanent January recruits and the loan deal for Wilfried Zaha, and recouped £3million from player sales in the same period. “This is good business for the club, where all participants were fully informed and an integral part of a process,” said Lim. Press Associationlast_img read more

Manchester clubs to assist police

first_img A statement read: “At around 8.50pm on Tuesday May 12 2015, police were called to Old Trafford by stewards following reports of unrest between fans who had been attending a Manchester United U21 versus Manchester City U21 match. “Officers attended and detained a 13-year-old boy inside the ground on suspicion of pitch encroachment. He was later de-arrested and will be dealt with by summons. “A 15-year-old boy and 19-year-old man were also detained outside the ground on suspicion of assault, but both have now been de-arrested pending further enquiries.” That could mean increased security and segregation at the return fixture. A date for that game is still to be announced but it is due to be held at the 7,000-capacity City Football Academy stadium. A statement from City read: “We are aware of crowd disturbances at Old Trafford last night involving both sets of supporters. “Club officials are liaising with Greater Manchester Police and Manchester United FC over this situation and will assist with their enquiries.” The two clubs liaised prior to the Old Trafford game to ensure rival supporters were segregated. A United statement read: “There was a minor incident at last night’s U21 game across segregation lines from a small number of fans, after United scored the third goal. “Stewards resolved the matter quickly. The fans that have been identified will be dealt through the usual channels. “The club worked with Manchester City in advance to make sure segregation was effective. Police reported some minor disturbances outside the ground after the match.” On the actual disturbances, police have clarified what occurred. Press Association Manchester City and Manchester United are co-operating with police following minor crowd disturbances at Tuesday’s under-21 derby between the two clubs. A crowd of 16,708 were present at Old Trafford as United beat City 4-0 to move within a point of clinching the Barclays U21 Premier League title. Three arrests were made by Greater Manchester Police following incidents at the ground. The three people concerned were subsequently de-arrested but the clubs will remain on alert with the sides due to meet again at City this season. last_img read more

Suriname females end series early

first_img-while shattered backboard postpones male gameDESPITE their intensity and tenacity, the Guyana female basketball team lost their second game in the best-of-three series against Suriname as the Inter Guiana Games (IGG) continued yesterday. Guyana had a strong showing in the game, being able to trade blows but fatigue and foul trouble saw the home side losing in the final quarter of the game.The first quarter saw Guyana starting the game with energy and jumping to a quick 7-6 lead behind Jada Mohan’s hot start. It was good ball movement and good shot selection which also contributed to the hot start. However,as the quarter went on Suriname weathered the storm and surged back to finish the quarter with a 4-point lead with the scores reading 11-15.The shattered backboardThe shattered backboardThe second quarter saw both teams struggling to score against the opposing team’s defense. It was a quarter filled with turnovers on both side.For Guyana,Jada Mohan’s foul trouble kept her on the bench as she already had three fouls in the first half. It was Makeda Rogers and Kennesha Leacock who contributed to the offence in this quarter. However,Guyana still trailed 19-24 at the half.The second half saw Guyana resuming the fight to even up the series, but could not overcome the lead that Suriname kept building. More foul trouble woes for Guyana saw them lose Demelza Nicholas who fouled out.Two bright spots in the offence were Tandika Bouyea and Ruth Sanmoogan,who came off the bench to give a boost to the scoring,while the latter added a defensive presence. Leacock and Mohan continued their play but failed to convert on attempts and Suriname finished the game off.For Guyana, Leacock finished with 13 points, with Mohan scoring 11 and Bouyea adding 6. On the Surinamese side, almost every player scored, with Joleen Nyman topscoring with 14 points.In the male encounter, a much anticipated match-up was cut short before it could begin as Surinamese player Donyell Samson shattered the backboard in warm-up in a failed dunk attempt. The decision was then made between the two teams to play the match this morning at 10:00hrs. This means that Guyana will fight for game two and if they win would have to play a deciding third game ..The cause of the shattered backboard is suspected to be the ring being too tight,causing the shattering of the glass. The change in schedule also means Table Tennis will be played at the Gymnasium at 10:00hrs.last_img read more

Broncos defensive tackle Kyle Peko opts out of 2020 season

first_img July 28, 2020 ___Follow Arnie Melendrez Stapleton on Twitter: AP NFL: and Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditBroncos general manager John Elway confirmed Tuesday that veteran defensive tackle Kyle Peko has opted out of the 2020 season over COVID-19 concerns.The NFL and the players association agreed last week to an opt-out clause for the upcoming season. Those who choose to voluntarily sit out will receive a $150,000 stipend and those with medical opt outs will receive $350,000 rather than their contractual salary. Elway said Peko notified the Broncos “it was more dangerous for him” to play during the pandemic. center_img Broncos defensive tackle Kyle Peko opts out of 2020 season It’s uncertain whether Peko has a medical condition himself that imperiled his health or if his decision to skip the season was related to his wife’s recent bout with cancer.A year ago, Peko left the Buffalo Bills training camp to be with his wife, Giuliana, who was battling Hodgkin’s Lymphoma. The couple later said she was cancer free. Peko, 27, spent parts of the 2016 and 2017 seasons in Denver, which signed him as an undrafted free agent out of Oregon State. He was in his second stint with the Broncos this year after playing with the Bills and Colts in 2018 and ’19.The Broncos are down to 81 players and it’s possible another player will opt out, Elway said. “There’s been some rumblings about a couple of guys, but we’ve not heard anything else yet,” Elway said.last_img read more

Anderson helps England enforce follow-on

first_img(ESPNCRICINFO) – James Anderson’s 29th five-wicket haul in Test cricket enabled England to enforce the follow-on at the Ageas Bowl, despite Azhar Ali holding Pakistan together thanks to his second hundred as captain.Anderson took the first and last wickets of the day after three breakthroughs on the second evening, taking his tally to 598 across his Test career. He removed Asad Shafiq 12 balls into the day, leaving Pakistan reeling at 30 for 4, before eventually dismissing last man, Naseem Shah, to finish with figures of 5 for 56.That Pakistan’s innings lasted as long as it did owed much to Azhar, whose hundred was his first away from home since Misbah-ul-Haq and Younis Khan’s joint retirements in 2017. He scored the bulk of his runs behind square, pulling and flicking off the pads when England erred too straight and cutting and steering behind point when they when short. With Mohammad Rizwan for support, he guided Pakistan towards the second new ball with a dogged innings, but was eventually left stranded, unbeaten on 141.In a morning session that was again abbreviated by the rain, Anderson added his fourth wicket of the innings, removing Shafiq in his first full over of the day. Shafiq lunged forwardly hopefully at a length ball in the channel, only managing to edge into the slips, and has scored just 46 runs in four innings this series; his run of 72 consecutive Tests might soon come under threat.That gave Fawad Alam an opportunity to bed in after lunch, after nudging Anderson into the off side to score his first Test run in 11 years. He edged Chris Woakes through the slips early on, but started to knuckle down alongside Azhar to lead Pakistan’s recovery. Frustratingly for him, he fell tamely after making a start, offering Jos Buttler a sharp chance behind the stumps after being drawn forward by Dom Bess.Bess quickly found his groove after going unused across the whole of the second Test, settling into a rhythm as Rizwan looked to rebuild alongside Azhar, who survived an England review for caught behind after copping a short ball on the right shoulder. He then ticked past the 6000-run mark in Tests, becoming the fifth Pakistani batsman to reach the landmark as he steered Archer through backward point.Rizwan was busy throughout, despite an early blow on the helmet from Archer, and the pair put on Pakistan’s highest partnership of the series against the old ball. Azhar was particularly strong off his pads, but his off-side game improved as his innings progressed. Archer reverted to short-ball theory with the new ball imminent, but it was Woakes who made the breakthrough thanks to a strangle down the leg side, Buttler again taking a sharp diving catch to remove Rizwan.The timing of the wicket was particularly vital for England, as it meant Pakistan’s bowlers were exposed to the new ball. Broad, who has been brutally effective with the second new ball throughout the summer, struck with it immediately as Root clung onto a sharp chance from a loose push from Yasir Shah.He had a second not long after, as Buttler – who had struggled so much with the gloves throughout the summer before this Test – took a blinding catch off Shaheen Afridi, leaping at full stretch to his right as the tailender looked to fend away a short ball.That left Pakistan clinging on eight wickets down, at which point things became calamitous for Anderson in his attempts to secure a five-for.He had two chances put down in the slips in the 87th over – Azhar dropped by Burns at second slip, Mohammad Abbas shelled at third by Zak Crawley two balls later – and then Broad made a mess of the most straightforward of the lot, Azhar miscuing to him at mid-on. Broad recovered in time to shy at the striker’s end and run Abbas out with a direct hit, but that did little to lift Anderson’s spirits, not least with Azhar sticking around alongside last man Naseem.Anderson barley allowed himself a smile when he eventually broke the partnership, Dom Sibley clinging onto a chance at third slip after he drew an edge from Naseem, taking him to 598.There was never any question as to whether England would enforce the follow-on, but just as things were about to get underway soon after 7pm, the umpires decided that the light was too poor for play to continue. Azhar had moved himself up to open, hoping to carry on from where he had left off, but was denied the opportunity to do so.last_img read more