Indonesian stocks soar by 3 percent as authorities’ measures calm market players

first_imgRead also: IDX, BI cushion virus-battered financial markets as investors dump Indonesian assets“The market players seem to have calmed themselves down from their self-induced panic last week,” Jasa Utama Capital equity analyst Chris Apriliony told The Jakarta Post. “That’s why the JCI rebounded really high.”The government and the central bank’s effort to maintain the rupiah’s stability and the Financial Services Authority (OJK) and the IDX measures and proposed policies to anchor the stocks helped the index bounce back, he added.Bank Indonesia (BI) announced five measures to stabilize the rupiah on Monday while the bourse halted short-selling transactions to prevent the stock market from falling deeper after President Joko “Jokowi” Widodo announced Indonesia’s first two confirmed cases of COVID-19. Indonesian stocks jumped by more than 3 percent on Tuesday morning, reversing deep losses in recent days due to the spread of COVID-19, as market players regain confidence following authorities’ efforts to calm the market down.The Jakarta Composite Index (JCI), the main gauge of the Indonesia Stock Exchange (IDX), soared 1.31 percent to 5,431.30 when Tuesday’s session was opened. The uptrend then continued as the index climbed to 3.09 percent to 5,527.2 at 11:52 p.m. Jakarta time.The benchmark index ended Monday with a deep correction of 1.68 percent, sending it to its lowest level since February 2017. Over the last week, the benchmark stock index has fallen 7.3 percent. The OJK previously said to allow companies to buy back their shares without approval from a shareholders meeting.The JCI’s bullish movement on Tuesday morning was in line with regional stock market indices. Tokyo increased 0.2 percent, Shanghai jumped 1.36 percent, Hong Kong strengthened by 0.69 percent and Seoul soared 1.83 percent.Read also: BI cuts reserve ratio, frees up $3.2b liquidity in local banks amid market sell-offThe consumer sector index led the JCI strengthening on Tuesday morning, recording a jump of 3.54 percent as share prices of consumer stocks at pharmaceutical firm PT Kimia Farma and food manufacturing giant PT Indofood Sukses Makmur jumped 9.8 percent and 6.4 percent respectively.Chris said one of the reasons for the sector index’s jump was the public’s panic buying on Monday, causing food products and supplies to fly off the supermarket shelves.“However, if we look closely, the share prices of several consumer goods stocks have become very cheap due to the rout and prompted investors to buy more of the stocks,” he said. center_img Topics :last_img read more

Wolf Administration Cabinet Officials Tell Pennsylvania Congressional Delegation the Proposed American Health Care Act Will Have Dire Consequences for 1.1M Pennsylvanians

first_img SHARE Email Facebook Twitter Wolf Administration Cabinet Officials Tell Pennsylvania Congressional Delegation the Proposed American Health Care Act Will Have Dire Consequences for 1.1M Pennsylvanians Healthcare,  Human Services,  Medicaid Expansion,  National Issues,  Press Release,  Public Health Washington, D.C. – Today, Human Services Secretary Ted Dallas and Insurance Commissioner Teresa Miller delivered a strong message on behalf of Governor Wolf to members of Pennsylvania’s Congressional delegation about the negative impact of the House Republicans’ American Health Care Act (AHCA) on more than one million Pennsylvanians whose health care coverage will be significantly affected by the proposed legislation.“Without a significant federal investment, hundreds of thousands of Pennsylvanians will lose health care coverage. The state would have to find $2.2 billion to cover the costs of just those in the Medicaid expansion category, a cost we simply cannot absorb without devastating cuts to other critical program,” said Governor Wolf. “The majority of the people who will be affected are working people who do not have access to affordable coverage through their employer.”Secretary Dallas and Commissioner Miller met with several members of Pennsylvania’s Congressional delegation in Washington, D.C., today, to deliver the message in person of how devastating the effects of the AHCA would be on so many Pennsylvanians.“We will be forced to make decisions about whom we can afford to cover, what services we will be able to continue to cover and what rates we will be able to pay providers,” said Department of Human Services Secretary Ted Dallas. “With one in four Pennsylvanians over the age of 60 in the next few years, we will find it difficult to provide the same level of care to seniors and vulnerable persons – like those with disabilities.”Further, this plan defunds Planned Parenthood, a valuable family planning provider in the commonwealth. When Texas eliminated Planned Parenthood from its family planning program, researchers found a 27 percent increase in births to women previously on an injectable contraception, and pregnancy-related deaths doubled.“Not funding Planned Parenthood will have a dramatic impact on Pennsylvania’s Medicaid program,” said Wolf. “Unintended pregnancies will increase and reproductive health services will need to be covered. These have real costs attached to them that the state will have to bear.”Another component of the plan includes the health insurance exchange. The nearly $1 billion in tax credits Pennsylvanians used to help pay for health insurance from the federal exchange would be lost and replaced with tax credits that are based on age instead of the current subsidies that are based on need.Generally, people who are older, lower-income, or live in high-premium areas like rural Pennsylvania receive larger tax credits under the ACA than they would under the American Health Care Act replacement. Under the proposed AHCA, people who are older will receive the largest tax credits, but the proposal also allows older Pennsylvanians to be charged up to five times more than younger individuals. The $4,000 provided through tax credits will likely not be enough to offset this proposed age tax.“At the crux of all of this is the fact that older Pennsylvanians, people with disabilities, and low-income people will be most negatively impacted,” said Pennsylvania Insurance Commissioner Teresa Miller. “For example, a 60-year-old in York County making $30,000 annually would see a $10,280 reduction in the tax credits they receive in 2020 with the new American Health Care Act. That amount of money could mean the difference between getting health care coverage or paying rent.”The AHCA would create plans with slimmer benefits and larger out of pocket costs like deductibles, copays, and coinsurance. This would shift the majority of costs to consumers when they try to access care, which would disproportionately impact people who have significant health needs and low- and middle-income individuals who would not be able to afford significant health bills – something fewer Pennsylvanians struggle with due to the ACA.As a result of the Affordable Care Act (ACA), more than 1,100,000 Pennsylvanians have gained coverage – over 715,000 through Medicaid expansion and about 410,000 through the Marketplace. The commonwealth’s uninsured rate also fell from 10.2 percent to 6.4 percent (4.1 percent for Pennsylvania children) in four years, the lowest it’s ever been.The ACA gave states the option to expand Medicaid eligibility to individuals 19 to 64 years of age up to 138 percent of the federal poverty level, and in 2015, Governor Wolf expanded Medicaid eligibility for these individuals in the commonwealth. The newly proposed plan modifies Medicaid expansion eligibility and the enhanced federal match associated with the coverage of individuals under the expanded eligibility level.Prior to expansion, Pennsylvania provided coverage to 140,000 people through the General Assistance medical assistance program. While that program was suspended in favor of more comprehensive coverage offered by Medicaid, it is still a statutory requirement that the state provide this coverage. Without federal dollars to cover the expansion population, the commonwealth would still be legally required to provide coverage at a cost of approximately $645M in state funds.The new legislation proposes a per capita cap rate for each of the following five eligibility groups effective federal fiscal year 2020:ElderlyBlind or disabled individualsChildrenLow-income adultsExpansion adultsUnlike current funding, which provides federal matching funds for Medicaid expenditures made on behalf of all of the state’s federally approved Medicaid eligibility groups, this proposal would limit federal funding to the capped amount calculated and would provide no additional federal funding for health care costs that exceed the calculated cap.Pennsylvania continues to evaluate what additional amounts will be included in the per capita calculation. For instance, supplemental payments made to providers, such as hospitals, nursing facilities, and safety net providers may or may not be included within the calculation. These funds provide additional support for Pennsylvania providers.In Pennsylvania, Medicaid and CHIP combined provide coverage to over 2.8 million Pennsylvanians, almost half of them children. Medicaid plays a key role in the U.S. health care system, accounting for one in six dollars spent overall in the health care system; more than one in three dollars provided to safety-net hospitals and health centers; and one in two dollars spent on long-term care.In addition to those benefits, the expansion has had significant additional positive impacts on Pennsylvania, including:124,000 individuals with a substance abuse disorder were able to gain access to drug and alcohol services.General acute care hospitals saw a $92M decrease in uncompensated care in year one. This was the first time the amount of uncompensated care decreased since 2001.4,422 more physicians, 601 more dentists, and 444 more certified registered nurse practitioners enrolled in the Medical Assistance program.$1.8B in payments to health care providers and the addition of 15,500 jobs in Pennsylvania in year one.“The public supports the ACA,” said Wolf. “In fact, in recent polling it’s experiencing its highest ratings of favorability. The ACA is providing lifesaving access to health care to more than a million Pennsylvanians. It needs to be repaired – not replaced.”For more information, visit www.pa.gov.center_img March 17, 2017last_img read more

Tuvalu Launches New Coastal Protection Project

first_imgThe Government of Tuvalu has launched a new coastal protection project to bolster resilience to climate change, the United Nations Development Program (UNDP) said in its latest release. UNDP-supported, Green Climate Fund (GCF) financed project will benefit one in three people in one of the world’s most vulnerable Small Island Developing States, the announcement stated.With an average elevation of only 1.83 meters, Tuvalu is distinctly vulnerable to rising sea levels and intensifying tropical storms exacerbated by climate change.The impacts are already being felt by the world’s fourth smallest nation. When Category 5 Cyclone Pam struck in March 2015, the storm surges destroyed homes, crops and livelihoods, displacing 45 percent of the nation’s people. Similar storms are projected to increase in intensity as the air over the planet’s oceans warms.“The protection of our country’s vulnerable coastlines is an urgent priority of the Government of Tuvalu,” said the Prime Minister of Tuvalu, Hon. Enele Sosene Sopoaga. “The project will support integrated coastal resilience for people living on the islands of Funafuti, Nanumea and Nanumaga. These islands have a high concentration of houses, schools and hospitals, and are the important cogs in the social and economic machinery of our nation.”The project will build upon existing initiatives, using a range of measures for coastal protection including ecosystem-based initiatives, and geo-textile and rock revetments.National capacity for resilient coastal management will also be developed and the project will help to catalyze additional coastal adaptation finance, UNDP said.[mappress mapid=”24268″]last_img read more

Agresta, Storms & O’Leary announce staff appointments

first_imgBATESVILLE, Ind. — Officials at accounting firm Agresta, Storms & O’Leary PC (ASO) recently announced two staff appointments.Rita Wilder, CPA, an employee since the firms’ inception in 2009, has been promoted to Director.  During her career at Agresta, Storms & O’Leary, Wilder has held the positions of Senior Associate and Manager, Assurance Services. She has provided audit and assurance services to small- to medium-sized organizations as well as established many new business partnerships and client additions. Most recently, Wilder was responsible for leading the Columbus market development as well as opening the Columbus office in 2014.The firm also announced the hiring of Hillary Nolting as Staff Accountant. Nolting joined the firm last month and will be based out of ASO’s Columbus office. She will be responsible for audit, accounting, and business consulting matters with new and existing clients.last_img read more

Arteta cautious about summer market plans

first_imgArsenal manager, Mikel Arteta, has admitted that the club must be cautious during the upcoming transfer window. Arteta: We are working even in lockdown The Gunners are looking at a limited transfer budget if they don’t qualify for the Champions League, but Arteta insists they will be active in the market. “I think there is a lot of uncertainty about how the transfer market is going to look. You hear very different things and people are going to go all-in, clubs are already spending a lot of money and others may be much more conservative and wait to assess the situation before they move.Advertisement Loading… read also:Thiago Silva wants £10m a year “Our position at the moment is that we have to see and be cautious. Our ambition is still intact and I know from the owners that their ambition is still intact as well. “We will try and do our best to improve the squad, maintain the players we want to maintain and move forward.” FacebookTwitterWhatsAppEmail分享 last_img read more

Chargers CC Results At JCD Invitational

first_imgNorth Decatur High School Girls Varsity Cross Country finishes 4th place at Jac-Cen-Del Invitational.The Lady Chargers competed in the 10 team Jc-Cen-Del Invite Saturday September 14th placing 4th. The ladies had outstanding times and efforts. Jenna Walton placed 7th overall, Gracie Osting 12th, Paige Reisman 21st (PR time), Ellie Cox 25th (PR time), Lauren Holloway 36th, Paige Wesseler 42nd and Philomenia Niese 45th.Lady Chargers: Jenna Walton 21:59 7th Place; Lauren Holloway 26:59 36th place; Paige Wessler 30:34 42 2nd Place; Ellie Cox “25:15 25th place PR”; Gracie Osting 23:15 12th place; Paige Reisman “24:54 21st place; PR”; Philomenia Niese 36:50 45th place.Team Scores: South Ripley 59, Jac-Cen-Del 66, Lawrenceburg 95, North Decatur 109, Switzerland County 110, Southwestern 124, South Decatur 137, Milan, Shawe Memorial, and Rising Sun Inc.North Decatur High School Boys Varsity Cross Country finishes 7th place at Jac-Cen-Del Invitational.The Charger Boy’s Cross Country ran Saturday September 14th at the Jac Cen Del Invite placing 7th out of 10 teams. The boys had a great day as 7 individuals ran their PR times for their career. Leading the way once again for the boys was Brando Gearhart with a time of 18:55 (PR) and placing 16th overall. Following Brandon was Owen Geis 20:45 (PR), Caleb Bowles 20:58 (PR), Brady Espinda 21:40 (PR), Jack Cathey 22:34 (PR), Ryan Hancock 24:09 (PR), Cameron Medsker 24:20 (PR), Ethan Neimeyer 25:52, and Collin Bryant 28:21.Chargers: Randon Gearhart “18:57 PR”; Cameron Medsker “24:20 PR”; Jack Cathey “22:34 PR”; Adam Mack; Collin Bryant 28:21; Brady Espinda “21:40 PR”; Caleb Bowles “20:58 PR”; Ethan Neimeyer 25:52; Owen Geis “20:45 PR”; Ryan Hancock “24:09:00.000 PR”.  Team Scores: Southwestern 21, Jac-Cen-Del 52, South Decatur 105, South Ripley 107, Rising Sun 123, Lawrenceburg 124, North Decatur 184, Switzerland County, Shawe Memorial, and Milan Inc.Courtesy of Chargers Coach Kyle Nobbe.last_img read more

Palm Beach County teacher raises money to buy laptops for students in need

first_imgA Palm Beach County teacher at University Preparatory Academy in West Palm Beach landed a fundraising campaign on Facebook to raise money in order to buy laptops for children in need during the COVID-19 pandemic.Vasantha Siva who is the STEM and the Advanced Academic program director said that some of the students’ background affects them.  “Some of them live with grandparents, or sister’s brothers, or somewhere, friend’s house. Some of them even in a car temporarily.” said Siva.The pandemic made learning tougher for some students, which is what prompted Siva to create the campaign.So far Siva has been able to raise $6,000 to buy laptops for the children.Siva said she has received 15 applications from parents in need of help with rent, gas, groceries, and more.To donate to the fundraiser, click here.last_img read more

NBA legend Larry Bird is the inspiration behind the Twitter logo

first_img 10 months ago Prince Edward’s unique cake cutting skills impress Twitter users .@stop going over Design @ Twitter. The evolution of the Larry the Bird logo pic.twitter.com/VBIqz7jC— Ryan Sarver (@rsarver) February 27, 2012 10 months ago APJ Abdul Kalam 88th birth anniversary: Netizens celebrate on Twitter Last Updated: 15th October, 2019 21:05 IST NBA Legend Larry Bird Is The Inspiration Behind The Twitter Logo Former NBA player and Boston Celtics legend Larry Bird is inspiration behind Twitter’s logo. Larry Bird was recently seen in Mumbai for the NBA Games. WATCH US LIVE WE RECOMMEND First Published: 15th October, 2019 21:05 IST 10 months ago Donald Trump criticizes top NBA coaches amid China controversy Sreehari Menon Written Bycenter_img 10 months ago NBA: Lakers romp to victory over Warriors in pre-season clash FOLLOW US 11 months ago NBA issues statement of regret after Rockets owner’s anti-China tweet SUBSCRIBE TO US COMMENT American Basketball great Larry Bird is widely regarded as one of the finest basketball players of all time. But records are not the only thing associated with the former Celtics player. Interestingly, Social media giant Twitter’s logo is inspired by the legendary player. In fact, the logo even has a name: Larry the Bird.Also Read: NBA: Lakers Romp To Victory Over Warriors In Pre-season ClashTwitter logo named after NBA legendThis information gained traction after Twitter’s platform and API manager Ryan Sarver shared a photo of the company’s Creative Director, Doug Bowman, “explaining the evolution of Larry the Bird logo.” If you look around the internet and connect the dots, you can understand the connection of Twitter’s logo and the NBA Legend. Biz Stone, the co-founder of Twitter born in 1974, and graduated high school from Boston. During that time, Larry Bird was setting the league on fire while playing for the Boston Celtics. LIVE TV Also Read: Dream11: Philadelphia 76ers Take On The Detroit Pistons In Pre-seasonLarry Bird was recently seen in Mumbai for the NBA India Games. A 6’9” tall stalwart, Bird helped Boston Celtics win three NBA titles in the 80s. Bird, along with the likes of Michael Jordan, Magic Johnson, took the game to untouched heights. Larry Bird was also part of the USA’s Dream Team in the 1992 Barcelona Olympics. Biz Stone, during his teenage days, watched Bird soar and score three-pointers for fun. Maybe that’s where the inspiration came from.Also Read: Euro 2020 Qualifiers, Bulgaria Vs England: Football Marred With RacismLarry Bird is not on Twitter though. He’s not someone you can associate with a micro-blogging platform. Larry Bird was a quiet personality, except the time while he was on the court. He was not the one made for flash cams, that would go to Jordan and Magic. Yet, Larry Bird, in his usual cunning way of finding a pass to his teammate, finds himself on Twitter, not as himself, but as the logo.Also Read: Cristiano Ronaldo’s Career And Goals Scored For Manchester United last_img read more

Tipp focusing on finishing touches

first_imgPhoto © Tipp FM & Denis Vahey Photography Tipp camogie players’ are determined that their touch will be sharp this weekend in the All Ireland quarter final.This week’s training for clash with Galway will aim to ensure each player knows what’s expected of them.Gemma Grace says they’ll be working on specific elements of their game in training.last_img

Tech start-up Tokabot launches virtual betting buddy on bwin

first_img Tech start-up Tokabot has teamed up with bwin to bring its chatbot technology to the sports betting market in time for next month’s football showpiece in Russia.The two parties have unveiled ‘WettBuddy’, a brand-new approach to customer engagement for customers on bwin throughout the World Cup and beyond.Launching this month in Germany and Austria in a trial phase before a wider roll-out, WettBuddy provides unique interactive real-time and context sensitive content, including match stats and trivia.The application, which will enable bwin to serve up the most relevant and attractive offers, insures a more interactive betting experience, tailored to each individual customer.Initially operating via Facebook Messenger, WettBuddy will be available to consumers via a simple on-boarding sign-up process. Once signed-up, the virtual betting buddy will then be on hand to start conversations around their favourite team, upcoming matches and events or respond to the questions or comments posed by the user.Stephan Heilmann, GVC’s Head of DACH, said: “Our commitment at bwin, is to provide our players with a complete betting experience. WettBuddy is all about engaging the customer to provide a more personalised, richer interaction between them and our product, maximising the enjoyment of gaming with us. A first for the industry, all in all, it is set to be the perfect online companion for the sports betting fan this summer.”Tokabot CEO Yaniv Levin added: “We are thrilled to partner with a market leader such as bwin, providing their customers with the Tokabot experience, which will make following football as enjoyable as it gets. We believe that social fan engagement, using Tokabot’s unique approach, is the key to the future of the entire sports eco system unlocking new opportunities for all stake-holders.“Naturally, Tokabot is also a perfect fit for the sports betting segment, both from the business and the user excitement aspects. As a start-up company, we are looking forward to showing our strengths and ability, en route to a long term and successful relationship with a great partner as bwin.” Related Articles Share StumbleUpon GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Share Belgian Pro League selects bwin as its new betting partner August 4, 2020 Submit Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020last_img read more