The government’s slow budget realization has hindered the country’s economic recovery, as the COVID-19 pandemic puts continuous pressure on people’s purchasing power, experts have warned.Sucor Sekuritas head of research Adrianus Bias said that while market players welcomed the government’s budgeting and funding for the COVID-19 relief programs, the key factor was still budget realization.“What we are actually waiting for is the budget absorption from the government,” Adrianus told The Jakarta Post on Tuesday. Adrianus noted that many companies had seen improvements over the past months as the large-scale social restrictions (PSBB) were gradually relaxed beginning in June. Going into August, several companies have already reported running at a 75 to 80 percent capacity against pre-COVID-19 levels, he said.“It’s a bit frustrating, really, looking at the current conditions but then the bureaucracy is still dragging out the [budget] realization. Hence, the economy cannot recover to its full potential,” he added.The government has earmarked Rp 695.2 trillion (US$47.2 billion) in stimulus measures to strengthen the country’s healthcare response and boost the economy amid the ongoing health crisis.However, the budget disbursement has only reached Rp 145.4 trillion of the total COVID-19 response funds, equal to 20.9 percent, dominated by spending on social protection and the micro, small and medium enterprises (MSMEs) stimulus, while other kinds of stimulus such as for health care and corporate financing, among others, have lagged. The country’s gross domestic product (GDP) contracted by 5.32 percent year-on-year (yoy) during this year’s second quarter, significantly lower than the growth in the first quarter at 2.97 percent, Statistics Indonesia (BPS) data showed.While household spending, which makes up more than half of GDP, fell by 5.51 percent, government expenditure, expected to boost the economy while people’s purchasing power faltered, dropped by 6.9 percent in the second quarter.President Joko “Jokowi” Widodo has repeatedly urged his Cabinet to disburse funds quicker, pushing government officials to operate with a sense of crisis considering the wide-ranging impact of the pandemic on the Indonesian population.“This shows that ministries and government institutions still do not have a sense of urgency. Officials are still fixated on their day-to-day duties,” Jokowi said prior to a limited Cabinet meeting on Monday.On Wednesday, Indonesia confirmed 1,815 new COVID-19 cases, bringing the number of infections to 116,781 nationwide, with more than 5,400 deaths, official data showed. The country surpassed the 100,000 figure on July 27 following the gradual reopening of the economy.Mirae Asset Sekuritas Indonesia economist Anthony Kevin told the Post on Monday that the government’s social assistance had yet to reach the layer of the population that needed the funds the most.“The government is not proactive enough in trying to spread its social safety net. This is what is hindering Indonesia’s economic recovery,” Anthony said.Reaching the middle- to low-income segment was necessary for an economic recovery, Anthony noted, as they represent more than 50 percent of Indonesia’s economy and have a greater marginal propensity to consume in comparison with the middle- to upper-income segment.In a report published on Tuesday, Anthony wrote that the problem with the reopening of the economy was that the demand side often failed to catch up with the supply side.“As for Indonesia, we believe the situation is much more severe, as high levels of fear over weak demand eventually discourages producers from boosting production in the first place,” he noted.Topics :
LOUISVILLE, Ky. — The opportunity existed for Syracuse to change the narrative. After pulling off its latest Carrier Dome magic trick, a banked 3-pointer at the buzzer to beat No. 10 Duke, SU hit the road with as much momentum it’s had since winning five in a row almost three weeks ago.The season-long road struggles seemed like a distant memory, and a win in the arena of the country’s seventh-ranked team would likely seize an NCAA Tournament bid. This time was going to be different, until it wasn’t.Tyler Lydon committed a shot clock violation on Syracuse’s first possession. Twenty-one 3-pointers went awry. Louisville led by double figures the entire second half. Sunday’s game ended the same way seven other road games have this season, but this one had more of a lasting touch to it: SU’s 20-point loss was its largest conference loss since joining the Atlantic Coast Conference three seasons ago.“Yeah of course it’s (frustrating),” freshman Taurean Thompson said. “We wanted to come in and beat them in their house, but we didn’t. We just have to deal with it.”There isn’t much time left for the Orange to deal with anything. After No. 7 Louisville (23-6, 11-5 ACC) romped Syracuse (17-13, 9-8), 88-68, only one regular season game remains before the ACC tournament begins in just over a week. The Barclays Center, home of this year’s conference tournament, is the last proving ground SU has to impress the NCAA Tournament selection committee and cure its inefficiencies away the Carrier Dome.AdvertisementThis is placeholder textBecause if there’s one word that embodies the Orange’s performance in the KFC Yum! Center on Sunday afternoon, it’s inefficient. Shooting behind the arc, driving the paint and holding onto the ball were all sources of frustration against UofL.“It’s tough, man,” senior point guard John Gillon said. “We played five games in 15 days, so I know everybody’s a little tired.“Every loss is disappointing and it’s hard to move past it, but that’s what we have to do.”Even when Syracuse combined to lose by 35 in consecutive road games against North Carolina and Notre Dame, SU toyed with a comeback in the second half. It began the second half against the Fighting Irish down seven, and used a 12-0 run to trim UNC’s lead down to three.But against the Cardinals, it was Syracuse getting toyed with. Andrew White scored his first points of the game with 9:06 remaining to close the gap to 11, but that’s as close as the Orange got in the second half. SU led for only two minutes and 10 seconds on Sunday, all of which came in a brief first-half stretch where UofL shot 0-for-5 and turned the ball over five times.Louisville rebounded by going on a 23-4 run. Syracuse never did.“It is what it is,” sophomore Frank Howard said. “They’re a great team, they’re at home. It’s always hard to beat a team when they’re at home. It’s just how the game went.“We can’t do anything about it now.”Given how this season has gone, it would be to no one’s surprise if SU dominated a Georgia Tech team it already lost to on the road. Saturday’s game will be the fourth home-and-home series the Orange has played this year. The first two, against Boston College and Pittsburgh, Syracuse won in the Carrier Dome and lost on the road. The third, against Louisville, SU nearly came back on the Cardinals in an overtime loss at home, then fell in a dud game on Sunday.It’s more matter of fact than an educated guess at this point in the year: The Orange can hardly compete, not to mention beat, the same kind of teams on the road that it can at home. The clock has run out for Syracuse to steal a big game on another team’s court.“OK, we lost on the road,” Thompson said. “I don’t think it’s (fans) cheering against us or anything. I think it’s just basketball.”The freshman might be right, and SU could still go on a run if it makes the NCAA Tournament. But if the Orange aspired to pull off a postseason like last year’s, it felt like Sunday’s contest should have been different than the preceding road games. It wasn’t. Comments Published on February 26, 2017 at 7:03 pm Contact Connor: email@example.com | @connorgrossman Facebook Twitter Google+
Baffling allegations of Black Magic use has shrouded the AFCON 2015 2nd semi final game as Ghana prepares to tackle surprise package Equatorial Guinea.Reports are rife that host Equatorial Guinea have hired witch doctors ostensibly to facilitate their qualification to their first AFCON final.That appears to have sent some Ghanaian fans trembling with fear as their team gears up to tackle Equatorial Guinea on Thursday 5th February, 2015.These reports are given more traction by the Equal-Guinean’s shockingly good progress in the 2015 Africa Cup of Nations, having reached the semi-finals against all odds in a tournament they have only made two appearances in so far. Nzalang Nacional’s entire AFCON journey has enjoyed a real roller coaster ride, having been disqualified during the qualifiers before getting back into the tournament and eliminating such big teams as Gabon and Tunisia.One particularly catchy story speaks of a black-robed man who sneaked into the Bata national stadium to conduct a burnt sacrifice on the night before National Thunder’s match against Gabon. That burnt section of the pitch was patched up by stewards, but the witch doctor had seemingly already worked his magic. The hosts soundly beat high-flying Gabon 2-0 the next day.“He was also at the pitch to bury chicken bones and other stuff before the match against Gabon, which they won 2-0 to qualify for the last-eight,” said a source at the stadium. Whether the Black Stars of Ghana can work their own magic on Thursday to defeat Equatorial Guinea’s alleged ‘juju’ remains to be seen.
Attending the workshop will be representatives from the 15 participating teams of the U-20 Women’s World Cup including PNG. The workshop will involve meetings with the media, team services, marketing and venue managers including visits to the match venues, training sites and hotels. Meetings with the media will involve discussions around how operations will work on the match days while the meeting with the marketing team will involve speaking with potential national supporters and the requirements with regard to branding and marketing. The workshop is also for the team representatives to see the facilities they will be playing in as well as being informed of what they are to expect when they come with their teams in November. The workshop will run on August 31 from 10:00am -11:30am at the Stanley Hotel.Local Organising Committee (LOC) chief executive officer, Seamus Marten said the workshop is the time for team representatives to learn about the country they will play in.He said with less than 80 days to go, the preparation is ramping up to ensure that everything is set for the World Cup.“We’ve recruited team liaison officers to assist the teams during their stay because most of the teams coming do not speak English as their first language. They will also be attending the workshop and will get to meet with the teams that they will be attached with,” said Marten. Marten said preparation has picked up momentum with the various functional areas within the LOC. The security team are ironing out their plan for the stadiums, hotels and teams, the transportation team are working on ensuring the teams get to their match and training venues on time, the medical team are finalising their medical plans while logistics is ensuring that the infrastructural materials are delivered to the venues in time for preparation,” said Marten.He said while preparation is progressing well there is room for all stakeholders, from the government and private sector to come on board to support this historic event. “PNG is already making history by hosting the FIFA U-20 Women’s World Cup and this tournament will definitely put PNG on the world map as well as inspire women and girls in Papua New Guinea to excel in their chosen field,” said Marten.