OJK relaxes debt payment, loan quality assessments amid COVID-19 pandemic

first_imgThe rule is expected to reduce COVID-19’s economic impacts on banks due to debtors’ slumping performance that could increase the risks of bad loans and disrupt the banks’ performances and the country’s financial stability, the OJK said added.The relaxations are also applicable for small and medium enterprises (SMEs), as well as the government’s microcredit program (KUR) recipients.In addition, the OJK is also mulling a stimulus for multifinance companies to delay payments related to channeling and joint financing schemes with banks. Multifinance companies would also be allowed to restructure their debts with the same restructuring method used in the banking industry, especially for financing using the executing method.Read also: Garuda, ‘severely affected’ by COVID-19, may restructure bonds: MinisterIn the executing method, a loan disbursed by a bank to a multifinance company will then be channeled to individuals or businesses with its account receivables as collateral for the loan.“We are [expanding the relaxations] not just for banks, but also for multifinance firms so that the business sector can go about their businesses despite the COVID-19 pandemic,” OJK chairman Wimboh Santoso said in a separate statement. Topics : The Financial Services Authority (OJK) has launched new stimulus to control the banking and non-banking industries’ bad loans ratio and ease loan repayment amid the COVID-19 pandemic that is expected to hit businesses.The first stimulus, regulated in a new OJK rule issued on Thursday, relaxes debt quality assessment and restructuring requirements for debtors that are hit hard by the pneumonia-like disease spread.Banks now only assess the quality of a loan worth up to Rp 10 billion (US$ 594,282) based on a debtor’s timeliness in paying the loan’s principal and interest. Previously, the banks also assessed the debtor’s business prospects and financial condition. Banks are also allowed to declare a good loan despite declining quality due to the pandemic and to not categorize it as a non-performing loan (NPL).“Banks will also be more flexible in controlling bad loans and allow the former to continue giving new loans to their debtors,” the OJK wrote in a statement on Thursday, adding that the rule is being implemented from March 13 to March 31, 2021.Read also: Government allocates $8b to stimulate economy as businesses, workers suffer from COVID-19 impactsDebtors who restructure their loans will get improvement in their loan quality after the process and banks can implement such a policy for any loan amount.last_img read more

Alibaba to invest $28b in cloud services after coronavirus boosted demand

first_imgAt one point, users complained of lags on the app due to the high volume of activity. The company acknowledged the issues on Weibo, the Chinese social networking site.Alibaba Cloud Intelligence president Jeff Zhang said in the statement that the COVID-19 pandemic “has posed additional stress on the overall economy across sectors” and the company hoped the investment would help businesses “speed up the recovery process”.Alibaba’s cloud division is one of its fastest growing businesses. Fourth-quarter revenue climbed 62 percent to 10.7 billion yuan, the first time it has topped 10 billion yuan in a single quarter.The tech giant commanded 46.4 percent of China’s cloud market in the fourth quarter, according to research firm Canalys. Tencent Cloud and Baidu Cloud, which have also seen demand for their products surge, had 18 percent and 8.8 percent of the market respectively.During the first quarter, Alibaba’s cloud unit also aided the Hangzhou government in creating and rolling out a digital health-monitoring system that rates one’s exposure to the virus using red, yellow, and green color codes. The system was later rolled out nationwide.Topics : Alibaba Group Holding Ltd said it will invest 200 billion yuan (US$28 billion) in its cloud infrastructure over three years – a plan that follows a boom in demand for business software as the coronavirus outbreak peaked in China.The company said in a statement it will spend the funds on semiconductor and operating system development as well as building out its data center infrastructure.While most of China’s white collar employees were working from home throughout February, the country’s dominant cloud player saw usage surge for its software, most notably DingTalk, a workplace chat app used by both businesses and schools.last_img read more

Thierry Henry hits back at Kevin De Bruyne over Premier League assists record

first_imgAdvertisement Read More Full Screen Video Settings Comment Top articles Henry scored 24 goals and provided 20 assists in the Premier League in 2002/03 (Picture: Getty)Henry spoke with De Bruyne’s team-mate, Aguero, for PUMA Football this weekend and a whole host of topics were discussed, from the Frenchman’s initial struggles at Barcelona to the Argentinian’s admiration for Michael Owen as a youngster.The ex-Arsenal forward also lifted the lid on a conversation he had with De Bruyne following the Belgian’s recent comments and joked the midfielder needs to start chipping in with more goals – on top of the assists – before calling him out in public.‘When you see Kevin [De Bruyne]… because the other day he told me that he’s willing and trying to provide more than 20 assists,’ Henry said.‘He has 16 already, right? Yeah that’s right, 16, and the record in a season is 20. And I hold the record.‘So he said the other day that he wants to beat it. But I told him that with those 20 assists, you will have to score 24 goals as well! Not only assists! by Metro 1 min. story / Read More Read More About Connatix V67539 PLAY Read More FIFA and WHO team up to give you five ways to tackle spread of coronavirusTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 1:43FullscreenFIFA and WHO team up to give you five ways to tackle spread of coronavirushttps://metro.co.uk/video/fifa-team-five-ways-tackle-spread-coronavirus-2131812/This 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.Henry stressed that he was only joking about De Bruyne’s goalscoring record and Aguero responded by heaping yet more praise on his ‘incredible’ City team-mate.AdvertisementAdvertisement‘I know, I was just kidding! To provoke him,’ Henry said.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalAguero replied: ‘What I’ve seen from Kevin is just incredible. ‘From nowhere he gives you a pass that you weren’t even expecting.‘I don’t know if you had the same reaction with some players, perhaps at Barcelona? You’re just like, “Oh, I have the ball!”’Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page.MORE: Patrice Evra reveals the only time Sir Alex Ferguson ‘screamed’ with joy in Manchester United dressing roomMORE: Tony Adams explains why he turned down Man Utd and Sir Alex Ferguson to stay at Arsenal Skip Metro Sport ReporterMonday 4 May 2020 11:31 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link9.1kShares Read More Aguero responded: ‘It’s complicated to do both, goals and assists. In the end, assists create goals. ‘Maybe in order to really get noticed you have to provide 30, 35 assists to compensate the goals.‘Kevin has goals too, though!’ SPONSORED Skip Ad Thierry Henry and Kevin De Bruyne worked together with the Belgian national team (Picture: Getty)Thierry Henry has revealed the perfect response he had for Kevin De Bruyne after the Manchester City star warned him he was ‘coming for’ his Premier League assists record.De Bruyne, regarded as one of the most gifted passers in world football, was just four behind Henry’s outrageous tally of 20 assists when the coronavirus crisis brought a English football to a halt last month.The Belgium international has made no secret of his desire to chase Henry’s tally down and recently admitted that he had been teasing the iconic former Arsenal striker that it was only a matter of time before his record would be wiped from the history books.AdvertisementAdvertisementRead the latest updates: Coronavirus news liveADVERTISEMENT Coming Next 1/1 De Bruyne has racked up 16 assists in the league this season (Picture: Getty)‘To be honest, I feel like I’m on 17 – I know they took one away from me at Arsenal. I don’t know why they did it, I still don’t understand it,’ De Bruyne told The Athletic last week.‘I always joked with Henry in the national team, even at Vincent Kompany’s testimonial this year. I saw him and said “I’m coming for you this year”. ‘To have 16 assists is really nice and speaks really well for a creative player. But if it doesn’t happen we still go on.‘When you get something it fills you with pride because I had it in Germany and it’s nice to see you broke some records.’ Manchester United captain Harry Maguire Visit Advertiser website GO TO PAGE Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Thierry Henry hits back at Kevin De Bruyne over Premier League assists record Advertisementlast_img read more

MainSource Bank expands wealth management division

first_imgGREENSBURG, Ind. — MainSource Bank recently announced that it has entered into an agreement with Greenwood-based Capstone Investment Management to acquire its assets under management.Capstone employees and customers joined MainSource’s Wealth Management division yesterday.Capstone is an independent firm offering securities through Raymond James Financial Services.The Capstone investment services team will continue to be located in Greenwood.last_img

Fundraiser scheduled for 1-year-old battling cancer

first_imgCleves, Oh. — A fundraiser for a one-year-old Franklin County boy will be held on Saturday, July 28 at Gravelrama in Cleves, Ohio.The boy had to have his left kidney removed because of a stage 2 tumor. He will continue two types of chemotherapy and will have to undergo CT scans until he turns 7.Organizers are looking for items to make gift baskets, items to raffle and cash donations. All proceeds will be used for medical bills, living expenses and travel.If you would like to help out please call 512-353-1568.last_img read more

‘Champions Oduenyi’ dreams bigger chances

first_imgRead Also: Chelsea join race to sign Real Madrid star“For now, I am still a player of Ried SV and my dream is always to express myself at the top levels. Hard work and dedication has helped me so far but I want to keep challenging myself for bigger chances.”Clubs from France, Belgium, Norway and Denmark already monitor the situation of the bully striker who has a similar playing style like Roman Lukaku of Inter Milan.FacebookTwitterWhatsAppEmail分享 Oduenyi’s speed and drive has become a huge advantage and one of the reasons scouts are waiting to declare interest in a perfect move for the Nigerian-Festac based player.“I feel great and excited to be part of the history even though injury denied me some chances but I am glad to be in the team,” said ecstatic Oduenyi.The Reid striker reflects on the team success following the last day demolishing of their opponents 9-0 to crown as champions of the Austria liga 2.“We have a good team and we focused only on getting the ticket, that is to be in the Bundesliga and every player was committed to achieving that goal. This is a club with “good history”, the club doesn’t belong in the 2.liga from the way we trained to the way we prepare for games, and this club belongs in the Bundesliga.”“The spirit of the team was great, we had a great team with top professionals, we worked hard as a group and did what the coaches wanted from everybody, and today, we made ourselves proud and made the club proud as well. The 24-year-old has been getting attention from major clubs having played a limited number of games in the concluded season through injury. Nigerian-born striker Ugochukwu Oduenyi has vowed to keep challenging his potential for bigger chances after his club Ried SV got automatic promotion from Austria liga 2 on Friday. The lanky striker is delighted to be part of the historic team that lifted Reid back to Austria Bundesliga and will be hoping for a greater challenge next season.Advertisementcenter_img Loading… Promoted Content5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?Best & Worst Celebrity Endorsed Games Ever MadeTop 7 Best Car Manufacturers Of All TimeWhich Country Is The Most Romantic In The World?Birds Enjoy Living In A Gallery Space Created For Them6 Ridiculous Health Myths That Are Actually TrueThe Biggest Cities In The World So Far9 Facts You Should Know Before Getting A Tattoo20 Amazing Facts About The Daenerys Of The House Of TargaryenThe Best Cars Of All Time7 Black Hole Facts That Will Change Your View Of The Universelast_img read more

4th Guwahati Open Junior Tennis begins at Nehru Stadium, Guwahati

first_imgOur Sports ReporterGUWAHATI: The 4th Guwahati Open Junior Tennis Championship 2020, organized by the Guwahati Lawn Tennis Association (GLTA), got underway at the RG Baruah Sports Complex, Nehru Stadium here today. Lakhya Konwar, Member Secretary of State Level Committee for Students and Youth Welfare, Assam attended the inaugural function as the Chief Guest and also inaugurated the meet.Altogether 150 participants from various parts of the region are taking part in the tournament which is being held for both Boy’s and Girl’s Singles Under – 12, 14 and 18 years respectively. The meet carrying cash scholarship of Rs 1.82 lakh and scholarship money will be awarded to the players from the Quarter-Final stage in all categories.Also Read: Stage set for Guwahati Open Junior tennis meet from January 27, 2020Also Watch: Cleanliness Drive ahead 71st Republic Day Celebrations in South Salmara Mankacharlast_img read more

Cricket News Former New Zealand captain Brendon McCullum retires from all forms of cricket

first_imgAuckland: Former New Zealand captain Brendon McCullum announced his retirement from all forms of competitive cricket after the conclusion of the ongoing Global T20 Canada terming his journey as “one hell of a ride”. McCullum, who is playing for Toronto Nationals, had retired from all forms of international cricket in 2016 but continued to ply his trade in various T20 leagues across the globe.The 37-year-old former Black Caps skipper has played 101 Tests in which he scored 6453 runs with 12 hundreds and highest score of 302.In 260 ODIs, he scored 6083 runs with five hundreds while 71 T20 Internationals fetched him 2140 runs.However he has a staggering T20 career (all leagues included) as he scored 9922 runs 370 games so far.“It is with pride and satisfaction that I am today announcing my retirement from all cricket following the conclusion of the GT20 Canada. I now won’t be playing in the Euro T20 Slam and I sincerely thank the organisers for their support and understanding of my decision,” McCullum an official statement on his twitter page.“As much as I am proud of what I have achieved in my 20-year professional career—more than I ever could have dreamt of when I first entered the game—I felt the drive to keep going, harder to maintain in recent months,” said McCullum, who was one of the commentators during last month’s ICC World Cup.No one can ever forget McCullum’s magnificent 158 not out off 73 balls for Kolkata Knight Riders against Royal Challengers Bangalore in the opening game of the first edition of IPL – an innings that was instrumental in the league gaining instant popularity.“My style of cricket has always been full noise and full throttle. From Culling Park to Lord’s and everything in between, there has been some wonderful memories. Unfortunately, the sacrifices needed and commitment required to play that type of cricket have now become too great. I owe it to myself and the teams I represent to close that chapter rather than plough on regardless of what I know to be true,” McCullum further added.The dasher from Canterbury is extremely proud for the manner in which he played the game.He was trailblazer in his own right and is happy that the Kiwis broke boundaries during his tenure in international cricket.“With New Zealand, we broke boundaries and established a style of play that earned us respect across the world. In T20 cricket, I have enjoyed so many varied challenges, I can leave the game knowing I left no stone unturned.” For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

No. 6 Syracuse blasted by Boston College, 21-10, in season-ending loss

first_img Published on May 14, 2017 at 5:14 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 Facebook Twitter Google+ There was little Syracuse reaction to Boston College’s 14th goal, which doubled up SU’s score for the fifth time of the game. The Orange’s starting attacks put their hands on their hips, and BC players huddled near the crease. Save for a few fist bumps, BC hardly showed elation. They had already picked apart SU’s zone defense enough.The Eagles, which earned a date with Syracuse on Sunday by smoking Canisius on Friday in the first round, struck first and did not ease up. No. 6 seed Syracuse’s (15-7, 5-2 Atlantic Coast) season ended Sunday afternoon, with a 21-10 loss to Boston College (15-6, 3-4) in the second round of the NCAA tournament at SU Soccer Stadium. In February, the Orange had beaten the Eagles by 10 goals, but the defense had been stingier then. Over its last two games, the SU defense allowed 39 goals.“They moved the ball as good as anyone I’ve ever seen,” SU head coach Gary Gait said. “They were spinning it, finding people inside. They were tough to stop … They’re a totally different team.”SU lost three of its last five games of 2017 and failed to win its opening round NCAA game for the first time in 10 years. The Orange had advanced to the national semifinals each of the last five seasons, but suffered an early exit this year in what was Syracuse’s sixth consecutive NCAA appearance and 10th in the last 11 years.The Eagles and Orange last met in February inside the Carrier Dome, where SU used a 6-0 run to down BC, 18-8. Junior attack Riley Donahue posted a career-high seven points in the win.AdvertisementThis is placeholder textOn Sunday, the Eagles struck first on a wide open lane for Kate Weeks. Gait mouthed to himself, “That was horrible, so bad,” as BC took a 1-0 lead just 35 seconds into the bout. After the Eagles went up 6-3, amid a first half during which they capitalized on SU’s failed clears and 11 Syracuse turnovers, players waived clipboards in the air.By halftime, Boston College commanded a 12-7 advantage. BC continued its offensive firepower in the second half. When a BC goal made it 19-9 with 11:22 remaining, a handful of SU fans began to exit. A light drizzle fell.“The girls kicked it into high gear after we got our butts kicked last time,” BC head coach Acacia Walker said.It was a see-saw season for the Orange, which began the year 7-0. SU lost four of its next five, including sizable losses to Maryland, Florida, Notre Dame and Princeton. The Orange then won seven of its next eight, before falling to North Carolina in the conference tournament two Sundays ago.Down 15-7, Devon Parker’s lefty snipe and Nicole Levy’s top-shelf score pulled SU within six with 18 minutes on the clock. Syracuse scored only once more and watched as time ran out.“It was a roller coaster (season),” Gait said. “I think that’s what happens when you’re as young as we are and you lose the veteran squad we had last year. We just showed our youth with our mistakes.” Commentslast_img read more

Andre Szmyt wins Lou Groza award for nation’s best kicker

first_imgAndre Szmyt, Syracuse’s redshirt freshman kicker and former walk on, won the Lou Groza Award Thursday.Szmyt took home the award, given annually to the nation’s best placekicker, over LSU’s Cole Tracy and Wyoming’s Cooper Rothe. The honor comes after being named first-team All-Atlantic Coast Conference and a first-team All-American by multiple outlets.Four months ago, Szmyt was an unknown walk-on who didn’t miss in training camp, earning him the starting job. He finished the season with an ACC record 28 made field goals on 32 attempts (87.5 percent). His season long came in Pittsburgh, where he hit a 54-yard rainbow and he finished No. 2 in the country in points scored with 141.Szmyt, and No. 20 Syracuse (9-3, 6-2 ACC) face off with No. 16 West Virginia (8-3, 6-3 Big 12) in the Camping World Bowl on Dec. 28 in Orlando, Florida.AdvertisementThis is placeholder text Published on December 6, 2018 at 8:03 pm Contact Andrew: aegraham@syr.edu | @A_E_Graham Facebook Twitter Google+center_img Commentslast_img read more