Donan said he expected multinational companies to remain cautious about expanding operations in the country, and would opt to upgrade their offices to Grade A and Premium Grade A spaces rather than renting new spaces.“While Indonesia’s GDP growth remains stable at around 5 percent in 2019, this year will be tough for the property sector,” he said.Last year’s GDP growth was the weakest since 2015, slowing from 5.17 percent in 2018, and lower than the government’s target of 5.3 percent stated in the 2019 state budget.Read also: Indonesia sees gloomy outlook on economy as growth falls below 5% Jakarta’s office market is predicted to continue its declining trend as multinational companies remain cautious about expansion amid the growing uncertainties surrounding the country’s economy, property consulting company Knight Frank Indonesia has saidAccording to the company’s data, the occupancy rate for office buildings in Jakarta currently stands at 76.2 percent and is projected to continue declining, with office spaces in central business districts (CBD) still the preferred choice for companies.“There is a continuation of the decline in the office property sector, while spaces in CBDs are expected to still be preferred by companies until 2021,” Knight Frank’s strategist Donan Aditria said during the launch of the Wealth Report 2020 in Jakarta on Thursday. Indonesia’s GDP grew 4.92 percent in the fourth quarter last year, the slowest pace in almost three years, amid plunging investment and export growth, Statistics Indonesia (BPS) data showed.The government expects the economy to grow 5.3 percent in 2020 but analysts have expressed doubt the target can be achieved given the worsening outlook of the economy due to Covid-19 pandemic, which has not only affected Indonesia’s main trading partner China but also countries in Europe and the United States.Investment – the second largest contributor to Indonesia’s economy – expanded by just 4.45 percent last year, a far cry from the 6.67 percent recorded in 2018, according to data issued by the Investment Coordinating Board (BKPM).As the occupancy rate continues to decline, Knight Frank also recorded a slight decrease in rental prices for office space in Jakarta’s CBD areas.The average monthly gross rental price for Premium Grade-A spaces decreased from around Rp 475,000 (US$31.5) per square meter in the second half of 2018 to below Rp 450,000 per sq m in the second half of 2019, according to the company’s data.The average price for regular Grade-A office spaces also fell to around Rp 355,000 per sq m in the second half of 2019 from around Rp 372,000 per sq m in the second half of 2018. The average rental prices of Grade-B and Grade-C spaces in 2019 also declined to around Rp 277,000 per sq m and Rp 211,000 per sq m, respectively, from around Rp 273,000 per sq m and Rp 212,000 per sq m in the second half of 2018.While most of the capital’s office properties are projected to experience a decrease in occupancy rates, Knight Frank’s analysis has shown that office buildings along Jakarta’s MRT line have defied the general trend with soaring occupancy rates.“Office buildings that are located along the MRT line have a 30 percent higher occupancy rate than the average, with some buildings at full capacity,” the company’s commercial property associate director Andi Rina Martianti told The Jakarta Post.Read also: Property developers, banks rush to woo millennial homebuyersShe added that office buildings in the Thamrin CBD that were connected to the MRT line had stable and high occupancy rates, compared to areas that were not connected to the MRT, such as Gatot Subroto.Knight Frank also recorded growth in the number of coworking spaces in office buildings in Jakarta, which appeal to millennials and entrepreneurs and provide alternatives spaces for companies to set up offices.According to property consultant Jones Lang LaSalle (JLL) Indonesia, coworking spaces offset the sluggish occupancy rates in Jakarta between April and June of 2019.JLL Indonesia’s data shows that the overall amount of space taken up by coworking spaces and serviced offices in CBDs had increased by 6 percent to around 170,000 sq m in the second quarter last year from about 160,000 sq m in the first quarter. (mpr)Topics :
The Dutch Financial Markets Authority (AFM) has argued that pension funds should not only cite asset management costs but also include a breakdown of costs in their annual reports.The AFM, together with regulator De Nederlandsche Bank (DNB), recently conducted a survey of the annual reports of more than 50 pension funds and concluded that determining exactly how costs related to risk and return was “hardly possible”.The supervisor for pensions communications highlighted the impact of allocation on costs and noted that Dutch schemes’ annual reports at present failed to show the actual correlation.It recommended pension funds make costs more visible through the relevant figures for individual asset classes and called for more clarity on gross and net returns, as well as estimated costs. Pension funds should also report their transaction costs, the supervisor said, adding that small and average-sized schemes in particular had failed to reveal those costs fully.The AFM said the cost survey would “remain on the agenda” for both the communications watchdog and the DNB, and that a serial survey into the relation between costs and returns would be conducted after this summer.Yet the Dutch Pensions Federation said it strongly disagreed with the AFM’s call for pension funds to break down costs in annual reports.It said schemes should do so in their newsletters or on their websites, “as these means of communication are actually being read by their participants”.Gerard Riemen, director at the industry organisation, said: “Which participant or pensioner actually reads his pension fund’s annual report, let alone comprehends its content?“The question of which method of communication is the most efficient for a given target group should be left to individual pension funds.”Riemen said the AFM’s previous recommendations on costs had been well received by the sector, and that the supervisor should refrain from making these sorts of recommendations.He also argued that international comparisons had shown repeatedly that Dutch pension funds were well ahead of the curve when it came to communicating asset management costs to participants.
Share Share EducationLocalNewsPrimary Dominica moves closer to full implementation of Universal Early Childhood Education by: – March 23, 2012 Share Sharing is caring! Tweet 105 Views no discussions Assistant Education Officer for Early Childhood Education Veda George.The first of three planned consultations towards the full implementation of Universal Early Childhood Education by September 2012 is currently underway in Dominica. The event which engages preschool teachers and parents is being held at the Public Service Union building on Valley Road.It is aimed at critically reviewing and seeking broad base consensus from key players in the early childhood sector on the Early Childhood Education policy.Assistant Education Officer for Early Childhood Education Veda George says it is critical to build proper foundations from a tender age.“Parents, let me tell you that whatever you do with your child from the foundation years, beginning in the womb, will determine what child you will have in primary and secondary school and what type of youth an adult that child will come”.George advised that it is better and cheaper and always better to get it right from the start than to try to fix an individual as he or she grows.She encouraged teachers to provide children with programs that are mentally appropriate, meaning that they are geared towards the holistic development of the children.Education Minister Petter Saint Jean.Meanwhile Education Minister Peter St Jean said there are still too many young children “for whatever the reasons may be”, who are still not at a preschool or day care center.“I have been advised that 20% of children are still unreached. Given what is happening, we cannot allow one child to be left behind. Our policy is all inclusive, irrespective of color, creed, class, religious background or political affiliation. Every Dominican child must be given the opportunity to receive those kinds of positive stimulation between 0-8 years. That can only that will determine the success level that as government, we are hoping to achieve,” he said.The education minister also commended the preschool teachers and parents present.There are 67 registered pre-schools on the island 825 boys and 854 girls, with a total of 1679 children enrolled.Dominica Vibes News
RelatedPosts Runarsson joins Arsenal on four-year deal Arsenal, Wolves want Michael Olise Akpom pens Middlesbrough loan deal Arsenal’s young guns continued to shine as they dismantled Standard Liege 4-0 on a hectic night of Europa League action that produced a full house of Spanish victories on Thursday.Sevilla beat APOEL Nicosia 1-0, Espanyol were 2-0 winners away to CSKA Moscow and Getafe won 2-1 in Krasnodar.There was a notable 2-0 win for Feyenoord over Porto in a clash of former European champions, while English Premier League Wolverhampton Wanderers won 1-0 at Besiktas.Three-times European champions Manchester United played out a dour 0-0 draw away to AZ Alkmaar, a Group L match played in The Hague, 70 miles from Alkmaar, on an artificial pitch.Manchester United now have four points alongside Partizan Belgrade who enjoyed a 2-1 victory in Astana.Arsenal, runners-up to Chelsea last year, opened their Group F campaign with an impressive 3-0 win in Frankfurt and found goals easy to come by again as they racked up a sixth successive home win in Europe.Eighteen-year-old Brazilian Gabriel Martinelli scored twice in two minutes with Joe Willock, 20, also on target as a youthful Arsenal blew away their Belgian opponents in a sensational start.Martinelli also crossed for Dani Ceballos to make it four as Arsenal cemented top spot.To make it a great night for Arsenal, Hector Bellerin returned to the starting line-up for his first start after nine months out with a knee injury.Manager Unai Emery praised his team which had an average starting age of 22.“We have to give the chances to the young players and they take them,” he said.“They are close to playing for us at the highest levels. They showed tonight that they can perform and they can score.”His old club Sevilla also have six points in Group A with former Manchester United striker Javier Hernandez on target against APOEL who suffered a second loss.FC Copenhagen drew 1-1 in a cross-border derby in Sweden against Malmo to lead Group B with four points, the same as Dynamo Kiev who drew 0-0 in Lugano.Humble Spanish outfit Getafe have six points from two games in Group C with Angel scoring twice in Krasnodar while Basel are second after a 2-2 draw away to Turkish club Trabzonspor.PSV Eindhoven are another club on maximum points from two games after a comfortable 4-1 victory away to Rosenborg in Group D.In the same group, Sporting came from a goal down to beat Austrian minnows LASK 2-1 in Lisbon.Scottish champions Celtic moved top of Group E as they avenged a UEFA Champions League third qualifying defeat against Romanian side Cluj, winning 2-0 in Glasgow.Lazio beat French club Rennes in the same group to get off the mark after losing to Cluj.Group G looks like being a real dogfight with all four sides on three points after Feyenoord’s 2-0 win over Porto and Young Boys beating Steven Gerrard’s Rangers 2-1.Jens Toornstra and Rick Karsdorp scored for Feyenoord in a lively second half.Bulgaria’s Ludogorets remained 100 percent in Group H with a 3-0 win away to Hungary’s Ferencvaros.Espanyol are second with four points after their win in Russia.In Group I, Wolfsburg drew 1-1 in St Etienne to stay top alongside Gent who also drew 1-1 away to Oleksandriya.Group J has Roma and Wolfsburg leading after their 1-1 draw.ABoly gave Wolves a 1-0 win away to Besiktas, their first points in Group K.Slovan Bratislava and Braga drew 2-2 to move to four points.Reuters/NAN.Tags: Arsenal
Both parties hope a deal can be concluded before the 11pm transfer deadline. Berbatov joined Fulham in August 2012 and enjoyed a successful first season with the club, scoring 15 goals. This term has been a different story for the Bulgarian, however. He has found the net just four times in the Barclays Premier League and his agent indicated that his client was unhappy at Craven Cottage shortly after the sacking of Martin Jol. A move back to White Hart Lane, where he was adored by the club’s fans, would have been an ideal scenario for Berbatov. But a transfer to Monaco would still be a good move for the former Manchester United man. Monaco sit second in Ligue 1 and they have a free space in their starting XI following a season-ending injury to Colombia star Radamel Falcao. If Fulham clear Berbatov off their wage bill they will have room to bring in new signings. Tottenham’s Lewis Holtby and Greece striker Kostas Mitroglou are two of the most prominent players that have been linked with the west London club, who are second bottom of the Premier League. The Cottagers also announced on Friday morning that defender Aaron Hughes has joined Sky Bet Championship club QPR on a free transfer. Hughes told QPR’s website: “I don’t see this as a drop down in class – I see it as a fresh, new challenge. “It’s a chance for me to come and get some games and help this club build on what’s been a good season so far. “It’s a different challenge, but one I’m really looking forward to.” Holtby’s agent later confirmed to Press Association Sport that his client had joined Fulham on loan until the end of the season. “Lewis will stay in London and has joined Fulham on loan until the end of the season,” Holtby’s agent Marcus Noack said. The move did not go through without acrimony, though. Noack accused Tottenham of pricing Holtby out of a permanent transfer back to his native Germany. “Fulham has put much effort into Lewis,” he said. “It is a very well-run club with an excellent manager Rene Meulensteen. The system and philosophy how Fulham plays fits well with Lewis. “He will have match practice in the second half of the season in his favourite position and then we’ll see how things are going by summer. “A return to the Bundesliga has been shattered due to circumstances we couldn’t control.” Holtby joined Tottenham from Schalke 12 months ago for just £1.25million, but the midfielder’s camp claimed Spurs wanted £8-10m for the player. Press Association Berbatov had been linked with a return to Tottenham, but Press Association Sport understands the striker has been given permission to speak to Monaco instead. The 33-year-old is expected to fly to the principality and undergo a medical. Fulham striker Dimitar Berbatov is due to have a medical with Monaco on Friday afternoon ahead of a potential move to the Ligue 1 side.
Swansea had sold top goalscorer Wilfried Bony to Chelsea’s title rivals Manchester City in midweek and there was a disjointed look about the hosts with Leon Britton, Ki Sung-yueng and Jonjo Shelvey all missing from their midfield for differing reasons. Gylfi Sigurdsson was dropped into a deeper role with Portuguese striker Nelson Oliveira handed his first start following his loan move from Benfica, but the formation did not seem to suit Sigurdsson as he gave away possession in the opening minute. Oscar strode forward with purpose and lashed home a 20-yard shot which flew past Lukasz Fabianski in the Swansea goal and was officially timed at 49 seconds. Sigurdsson almost equalised immediately with a 25-yarder which hit the outside of the post but the Chelsea midfield were running the show and Oscar might have had a hat-trick before the 20-minute mark, the Brazilian forcing Fabianski to push out a swerving shot and then dragging another effort wide. Fabianski saved from Eden Hazard before Chelsea cut through again with a move of stunning simplicity after 20 minutes, Willian and Oscar involved before Cesc Fabregas slipped in Diego Costa – the Spaniard’s 15th league assist of the season. Costa blazed over another opening moments later and there was brief respite for Swansea when Bafetimbi Gomis tried his luck from distance. Chelsea almost had another when Willian smashed against the post but the third goal arrived after 34 minutes when Federico Fernandez’s dreadful pass gave Costa the simplest of opportunities to tuck away his 17th league goal of the season. Two minutes later and it was number four as Willian scampered through the middle to find Costa and his cut-back allowed Oscar to finish with ease. It almost got worse for Swansea just before the break as Costa broke the offside trap and rounded Fabianski. The angle was tight so he pulled it back to Willian who hit the woodwork for a second time when his shot smashed against the crossbar. Swansea attempted to inject some energy into their game at the start of the second half but Chelsea remained resolute at the back and Hazard skated past Dwight Tiendalli to set up a shooting chance for Fabregas which was weakly directed at Fabianski. Oliveira had been one of the brightest Swansea players and he tried two long-range efforts before being replaced by Jay Fulton after 66 minutes, the move allowing Sigurdsson to push forward into his more natural attacking position behind Gomis. But Chelsea were still determined to go in search of a fifth goal and Hazard’s 20-yard drive brought a fine full-length save from Fabianski before Oscar came within of completing his hat-trick from the same distance. They were not to be denied, however, and Schurrle had the simplest task to tap Branislav Ivanovic’s cross into an empty net 11 minutes from time and condemn Swansea to their biggest home defeat since a 6-1 loss to Wigan in April 1991. Oscar and Diego Costa both scored twice inside the first 36 minutes as leaders Chelsea opened up a five-point gap on nearest challengers Manchester City, who welcome Arsenal to the Etihad Stadium on Sunday, and substitute Andre Schurrle completed the rout late on as Swansea suffered their worst home defeat for 24 years. Mourinho might currently be facing a Football Association charge for claiming there is a ‘campaign’ to influence referees’ decisions against Chelsea, but he did not have to worry about the officials on this occasion as his team swatted aside Swansea, who were off the pace from the first minute. Chelsea sent out an emphatic Barclays Premier League title warning as Jose Mourinho’s side stunned Swansea by winning 5-0 at the Liberty Stadium. Press Association
…. five players dropped from second Test squad(REUTERS)-Australia’s selectors have responded to the threat of a first ever Test series sweep on home soil by dropping five players from their squad for the third match against South Africa, which begins in Adelaide on Thursday.Joe Burns, Adam Voges and Callum Ferguson, as well as wicketkeeper Peter Nevill, paid the price for a string of batting collapses, while seamer Joe Mennie was also axed after the innings defeat in the second test in Hobart.Four uncapped players — openers Matt Renshaw and Nic Maddinson, wicketkeeper-batsman Peter Handscomb and seamer Chadd Sayers — came into the 12-man squad.Wicketkeeper-batsman Matthew Wade and seamer Jackson Bird, both given previous chances at Test level before being discarded, were also recalled.South Africa have ensured a third straight series triumph in Australia with thumping victories in Perth and Hobart, rendering the day-night third Test a dead rubber and plunging the host nation into crisis.Chief selector Rod Marsh stood down from his post ahead of schedule last week and so on Sunday it was his temporary replacement Trevor Hohns who wielded the axe in Adelaide.“Matt has established himself in a short period of time as one of the best young opening bats in the country,” Hohns said.Peter’s form over the last couple of seasons has been very consistent. He has a good all-round game and we think he is the type of player who could succeed at the next level.“Nic is an exciting and talented young player and we feel now is the ideal time for him to be involved with the Australian team.”Coach Darren Lehmann suggested after the Hobart defeat that only captain Steve Smith, his vice-captain David Warner and seamers Josh Hazlewood and Mitchell Starc were secure and the selection panel was true to his word.Top order batsman Usman Khawaja, who has been recalled and discarded regularly since making his debut during the 2010-11 Ashes series, also survived along with off-spinner Nathan Lyon.Sayers and Bird are likely to be in contention for one spot in the pace attack along with Starc and Hazlewood, while Wade looks set to replace Nevill behind the stumps.“Chadd bowls very well in Adelaide and Jackson is coming off a strong performance in his last tTst match earlier in the year and both deserve their chance,” Hohns added.“Matthew has worked extremely hard on his keeping in the past few seasons and we consider it to have improved substantially. He is also a very valuable player with the bat and will add to the depth in our batting order.”Squad: Steve Smith (captain), David Warner, Jackson Bird, Peter Handscomb, Josh Hazlewood, Usman Khawaja, Nic Maddinson, Nathan Lyon, Matt Renshaw, Chadd Sayers, Mitchell Starc, Matthew Wade.
USC alumna Tara Campbell, graduate of the class of 2015, is running for city council in her hometown of Yorba Linda, California.Campbell graduated in Spring 2015 with a bachelors degree in political science and broadcast and digital journalism. As a student, she was involved with the Jesse M. Unruh Institute of Politics and the Theta Xi chapter of Delta Delta Delta.Campbell expressed the importance USC has played in her short, yet productive political career this far.“The Trojan Family has been a key to my success. My professors and the Jesse M. Unruh Institute put me in touch with the Marian Bergeson Excellence in Public Service Series,” Campbell said. “The Trojan Family is what got me started.”Following her graduation, Campbell has been pursuing a masters of public administration in the Price School of Public Policy, which she will receive this May. Aside from her graduate studies, Campbell has also been working full-time for State Assemblywoman for California’s 55th District Ling Ling Chang.Campbell has already received endorsements from Chang, Assemblywoman Young Kim, former California Secretary of Education Marian Bergeson and Republican National Convention Committeewoman Linda Ackerman, among others.To Campbell, the desire to utilize the education she has received to give back to her hometown is the driving reason behind her campaign for Yorba Linda City Council. According to her, the city is lacking in the face of an ever-digitalizing world.“I was born and raised here, this is my home, I want to give back,” Campbell said. “Communication and tech is my key issue. [The City of Yorba Linda] needs to be more accessible and tech-savvy.”As a graduate of both the Annenberg School for Communication and Journalism and Dornsife College of Letters, Arts and Sciences, she has learned the importance of technology and information in the world of governance.“My background in broadcast and digital journalism along with my background in political science and public administration has given me a unique perspective for our city council,” Campbell said. “I know the importance and power of communication, and my background has provided me with the tools and capability to combine digital communication and civic engagement for Yorba Linda.”For Campbell, community service and volunteering has been a passion for her since she was young, and she attributes this to the civic-minded spirit of Yorba Linda.“[Yorba Linda is] a community that gives back,” Campbell said. “That is something that has been in my blood. Now I’m trying to give back at the civic level.”Campbell noted initial concerns over her relatively young age, but mentioned the value that community members place on education, insight and hometown roots over age.“I thought my age would play a factor, but I have met so much support,” Campbell said. “People who are really excited for our city. They are excited for a product of the city to represent the city.”
In its series split with Ohio State, the No. 8 Wisconsin men’s hockey team earned its first road victory since late November with a 4-2 win Saturday night in Columbus, Ohio.“At this time of the year it almost seems like every game is the biggest game of the year. And literally this was for us,” Wisconsin head coach Mike Eaves said. “To build momentum to stay in the race … this was a pivotal game.”The Badgers (17-9-2, 8-5-1-0 Big Ten with 25 points) stormed the ice at Value City Arena Saturday looking to avenge a 2-1 loss Friday to the Buckeyes (15-10-3, 5-6-3-2 with 20 points).Despite struggling to find an offensive rhythm in first shifts of play, UW earned itself an early 2-0 lead with back-to-back goals midway through the first period. Redshirt freshman winger Morgan Zulinick netted a power play goal, beating the Buckeyes’ freshman goaltender Christian Frey (24 saves) at the 9:44 mark. It was Zulinick’s third goal of the season and first power-play tally as a Badger.Then two minutes and six seconds later senior center Mark Zengerle made it a two-goal lead off a pass from freshman Grant Besse.“We got the two nothing lead and that was the difference in the game,” Eaves said. “This young goalie covers the lower part of the net really well and we got a couple of pucks elevated on him and were able to beat him there in the first period.”In a quick two-goal deficit, Ohio State battled back, trying to defend its five-game winning streak. With a goal from freshman forward Nick Schilkey with more than seven minutes to play in the second period, the Buckeyes cut Wisconsin’s lead in half.However, Zengerle would not be outdone by the Buckeyes and put his second goal of the game away one minute and two seconds into the final period of play. Although Zengerle’s career at Wisconsin has seen him contribute more often from a playmaker role, as he has piled up 112 career assists, he stepped into a different scoring role Saturday night and tied his career-high for goals in a game with his two scores.“He’s been shooting the puck more and tonight he was rewarded. He hit the back of the net a few times,” Eaves said about Zengerle. “I think he has built confidence in his shot. I’m glad to see him get reward because that in and of itself will encourage him to keep shooting the puck.”But the game was far from over after Zengerle put the Badgers up 3-1. Just 55 seconds later, junior forward and De Pere, Wis., native Max McCormick answered Zengerle’s goal off a three-on-two Buckeyes’ to make it a 3-2 game.A battle until the end, junior goaltender Joel Rumpel and the Badgers’ defense fought off attacks by the Buckeyes until sophomore forward Nic Kerdiles sealed in UW’s victory with an empty netter with two seconds remaining in the game. Rumpel recorded 28 saves on the night, five coming off the four power play opportunities for the Buckeyes.On the weekend the Badgers’ penalty kill excelled, shutting down the Buckeyes’ top-rated power play in the Big Ten on all eight opportunities with the man-advantage during the series. When OSU came to the Kohl Center just three-weekends prior — resulting in another series split — they broke down the Badgers’ defense with two power play goals in game one.“We had trouble with [Ohio State] in the Kohl Center on their power play so we focused on that a lot during practice this week,” Rumpel said. “Our guys do such a good job of getting in lanes and blocking shots and letting me see the puck … It’s a team effort out there and we’re doing really well.”Friday night was again a tale of success from scoring first as Ohio State took control in the first period of play and sent UW to the locker room during the first intermission down two goals. Sophomore forward and Middleton, Wis. native Tyler Lundey snuck one past Rumpel (28 saves Friday) just two minutes and eight seconds into play, followed by a goal from junior forward Derek Angeli with less than six minutes to go in the opening period. The Buckeyes out shot UW 14-6 in the first period.“We knew what was coming, we knew what we had to do, we prepared properly all week for it and we talked about the first 10 minutes there getting pucks in and out and we had a few turnovers that led to goals,” Zengerle said. “You’re down early 2-0 it’s hard to come back. We had some chances but we didn’t generate enough.”Wisconsin worked to manufacture a comeback, and made leeway with a goal from senior forward Michael Mersch to open the third period, but despite putting 13 shots on net in the final period, UW couldn’t again find a way past Frey, who totaled 29 saves Friday night.Moving forward Wisconsin sits in second place in the Big Ten with their 25 points, seven behind first place Minnesota. The Badgers will return home for their final regular season home series against Michigan State this coming weekend before hitting the road for their final two series of Big Ten play at Penn State and Michigan State.
Published on March 16, 2018 at 8:33 pm Facebook Twitter Google+ [View the story “Fans prepare for Syracuse’s round of 64 matchup with TCU” on Storify] Comments