‘It’s like the Pentagon’: New ministry’s control center to improve agriculture data collection

first_img“So this room will be like the Pentagon in the United States. We wage ‘the war’ from here,” added Syahrul, referring to the US Department of Defense headquarters building.The AWR will help provide more accurate data as the ministry has long dealt with data that conflicts with data from Statistics Indonesia (BPS) and agricultural associations. The differences oftentimes trigger debates about whether or not Indonesia needs to import certain agriculture products.Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan, Agrarian and Spatial Planning Minister Sofyan Djalil and House of Representatives Commission IV chairman Hasan Aminuddin, among other officials, also attended the launch.”If this is managed well, we won’t have to make a fuss over rice imports or any other imports,” Luhut said. Topics : The Agriculture Ministry rolled out on Tuesday a new control center dubbed the Agriculture War Room (AWR) to better track data and survey crop productivity.The AWR monitoring system will generate information on paddy fields, the fertilizer supply and harvest areas using advanced technologies like satellites, the Internet of Things (IoT) and artificial intelligence.”With this instrument, we want agriculture to be more advanced, independent and modern to attain satisfying results,” Agriculture Minister Syahrul Yasin Limpo said during the system’s launch.last_img read more

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Govt, BI shake hands on $40b burden-sharing scheme toward COVID-19 recovery

first_imgThe 7DRRR is currently at 4.25 percent.BI will also bear the costs of the government’s stimulus package for small and medium enterprises (SMEs) as well as large businesses, which is estimated to generate Rp 177 trillion in debt.The government plans to sell the bonds to the market with BI as a standby buyer. The central bank will also contribute to the costs, to be determined as the difference between the market rate and the BI 3-month reverse repo rate, minus 1 percent. The government will then fully repay the debts raised in the market to finance its “non-public goods” stimulus package, which includes capital injection for state-owned enterprises (SOEs).The scheme will be implemented only for this year and the bonds will be tradable, which will allow Bank Indonesia to use them for its monetary operations. “The government and the central bank will still maintain fiscal and monetary prudence to ensure macroeconomic credibility in supporting growth and to create jobs,” Finance Minister Sri Mulyani Indrawati told reporters on Monday. “The policy aims to increase confidence in economic recovery and the healthcare response,” she said.Sri Mulyani added that the scheme had the support of President Joko “Jokowi” Widodo and the House of Representatives.Read also: Stimulus may not be enough to prevent economic meltdown: Fiscal agencyThe bond burden-sharing scheme will help fund the government’s budget deficit this year, projected to reach 6.34 percent of gross domestic product (GDP) with the government allocating Rp 695.2 trillion toward COVID-19 mitigation and economic recovery.The central bank has thrown a lifeline to the state budget amid the foreign selling spree in the government bond market and declining investor appetite for Indonesian debt papers.BI has bought Rp 30.33 trillion of government bonds as a non-competitive bidder in direct auctions and has also bought Rp 166.2 trillion of bonds in the secondary market to help stabilize the rupiah. It has also cut its benchmark interest rate three times this year as it steps up quantitative easing to help buffer the battered economy.Although the burden-sharing scheme would affect the central bank’s balance sheet, it would not have any implications on the central bank’s monetary policy, said BI Governor Perry Warjiyo.“Our capital is strong enough, as the scheme will not affect our monetary policy that [has been] established for years,” the governor said. BI also had “an exit strategy that will be announced later”, he said, which included raising banks’ reserve requirement ratio after the pandemic subsided.Perry expressed optimism that the burden-sharing scheme would not significantly boost the country’s inflation, which hit its lowest level since 2000 in June, despite the central bank injected cash into the economy. He pledged that the central bank would monitor the policy’s impact to the country’s currency.The rupiah appreciated 0.59 percent as of 11:12 a.m. Western Indonesia Time on Tuesday to Rp 14,405 per US dollar, after tumbling more than 2 percent last week following the announcement that BI and the government were discussing a debt monetization scheme.Read also: Letting BI supervise banks could backfire, experts warn“The monetization comes at the right time, as inflation remains low at below 2 percent,” Bank Central Asia (BCA) chief economist David Sumual told The Jakarta Post by phone interview on Monday. He added that the fiscal stimulus should be “the right dosage and in keeping with the fundamentals”, otherwise it would affect inflation in the long term.“There is a risk of higher inflation from the impact of increasing the supply of money through the stimulus,” he cautioned.Separately, Moody’s vice president Anushka Shah was of the view that the central bank has shifted its policy to “unconventional quantitative easing” to fund the government’s stimulus, adding that the scheme would reduce the government’s borrowing costs.However, “the longer-term implications of the debt monetization [program] will be on the credibility and the strength of the monetary framework, as well as the central bank’s ability to ensure price stability,” she said during a discussion on Tuesday.“BI has, over the years, established a credible monetary policy framework, […] but there are still a few aspects of the burden-sharing mechanism that are unclear, particularly on the exit strategy,” she said, referring to BI’s strategy to end the partial financing of the deficit.Topics : The government and Bank Indonesia (BI) agreed to a burden-sharing scheme worth Rp 574.59 trillion (US$39.7 billion) on Monday to finance the nation’s COVID-19 response and bolster economic recovery efforts.The scheme will see the central bank buying Rp 397.5 trillion in government bonds at a maximum coupon rate to correspond with the benchmark BI seven-day reverse repo rate (7DRRR) to fund health care and social safety nets. The central bank will then return the bond yield to the government in full on the same day it is paid.Read also: Government open to possibility of BI buying zero-coupon bonds to aid state budgetlast_img read more

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Arsenal to make third transfer bid for Celtic star Kieran Tierney

first_imgEmery’s transfer business has been restricted by a modest budget (Picture: Getty)Arsenal are working with a restricted transfer budget of £45m this, which has left Unai Emery struggling to land his top targets. Arsenal, though, are confident they can prize Tierney away from Celtic.The 22-year-old defender has spent his entire pro career at Celtic, but is thought to be open to the idea of joining Arsenal.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityDespite the budget woes, Arsenal are closing in on the signings of centre-back William Saliba and midfielder Dani Ceballos.However, the Ceballos deal will be a loan agreement and once Saliba has signed a contract with Arsenal he will return to Saint-Etienne for another season.Teenager forward Gabriel Martinelli is Arsenal’s only summer signing so far.MORE: Eddie Nketiah reveals help from Arsenal ‘idols’ Thierry Henry and Ian WrightMore: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves Arsenal are determined to sign Tierney this summer (Picture: Getty)Arsenal are poised to make a third offer for Kieran Tierney after Celtic rejected their £25million bid, reports say.The Gunners are determined to land the Celtic left-back, but have struggled to meet the demands of the Scottish champions.Celtic want £25m for Tierney and are refusing to budge after Arsenal proposed the idea of add-ons.Arsenal’s last bid would only hit the £25m mark if certain Champions League targets were met.ADVERTISEMENT Metro Sport ReporterMonday 22 Jul 2019 8:35 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.7kShares Celtic are demanding £25m for Tierney (Picture: Getty)Celtic feel those add-ons were unrealistic and the Daily Mail claim Arsenal are set to return with an improved bid.Arsenal will not raise their offer, but will commit to paying more of the £25m upfront.AdvertisementAdvertisementShould Tierney leave, he will become the Scottish Premiership’s most expensive sale, ahead of the £19.7m Lyon paid for Moussa Dembele last summer. Advertisementcenter_img Comment Arsenal to make third transfer bid for Celtic star Kieran Tierney Advertisementlast_img read more

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ABP divests from Indian company over nuclear weapon allegations

first_imgThe €334bn civil service scheme ABP has divested its €20m stake in India’s Larsen & Toubro after the company allegedly failed to clarify its involvement in the manufacture of submarines with the ability to carry nuclear weapons. In the pension fund’s opinion, the company failed to respond adequately to allegations of direct involvement in the manufacture of nuclear weapons in defiance of the Non-Proliferation Treaty (NPT).Last April, ABP stated that Larsen & Toubro did not manufacture tailor-made products for nuclear arms systems, and therefore did not violate the NPT definition.Its response at the time was triggered by a survey conducted by a Dutch pressure group against the arms trade. However, a spokeswomen for ABP now says the pension fund had started engagement with Larsen & Toubro through its adviser Sustainalytics, after questions were raised about the company’s exact participation.ABP also announced that it would not invest in Russia’s Motovilikha Plants JSC, “as a survey had shown involvement in the production of cluster weapons”.According to its spokeswoman, ABP has not invested in this company.In line with its responsible investment policy, ABP demands companies act in accordance with the UN Global Compact directive.If there are signs these companies have violated human rights, labour or environmental laws, the pension fund will initiate a dialogue.As a rule, the civil service scheme does not invest in companies that directly participate in manufacturing anti-personnel mines, cluster weapons, chemical and biological arms or – in defiance of the NPT – nuclear arms, it added.last_img read more

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Ramp closures start today on I-74 for SR 1 and US 52 exits

first_imgDearborn County, IN — INDOT has ramp closures planned today, Saturday, and early next week along I-74 in Dearborn County for milling and paving operations as part of a $20.3 million asphalt resurfacing project between S.R. 101 and the Ohio state line. The project began in May of this year and is expected to be complete in October. • Friday, Aug. 7: I-74 EB ramps closed at S.R. 1 (Exit 164 – St. Leon)• Saturday, Aug. 8 and Monday, Aug. 10: I-74 WB ramps closed at S.R. 1 (Exit 164 – St. Leon)• Tuesday, Aug. 11: I-74 WB ramps closed at U.S. 52 (Exit 169 – Brookville)• Wednesday, Aug. 12: I-74 EB ramps closed at U.S. 52 (Exit 169 – Brookville)Motorists are reminded to slow down, use extra caution, and drive distraction-free through all work zones. All work is weather dependent and schedules are subject to change.last_img read more

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Rooney fails to inspire as Derby draw with Northampton

first_imgRelatedPosts Derby County want Jordon Ibe Derby County lead Jordon Ibe chase Aston Villa join Caleb Chukwuemeka chase Former England captain Wayne Rooney failed to inspire his Derby County side as they were held to a 0-0 draw away to fourth tier Northamption on Friday. In an FA Cup fourth round tie, Northampton forward Vadaine Oliver went closest to a breakthrough in the first half, striking the crossbar from close range. As second tier Derby failed to muster a shot on target, they now face the prospect of a replay. But there was some drama, with Derby claiming that Northampton’s Charlie Goode should have been sent off for hauling Jack Marriott to the ground when he was through on goal. The referee had ruled it was not a foul. Also, Sheffield Wednesday won 2-1 at Queens Park Rangers in the evening’s other match, an all second-tier affair. Other fixtures will see Liverpool, Manchester City and Manchester United all play on Sunday against lower division opponents. Reuters/NAN.Tags: Charlie GoodeDerby CountyFA CupNorthamptonVadaine OliverWayne Rooneylast_img read more

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ICC World Cup ICC World Cup 2019, AFG vs SL Live Streaming: When and where to watch Afghanistan vs Sri Lanka game

first_imgNew Delhi: In the seventh game of the ICC Cricket World Cup 2019, Afghanistan and Sri Lanka will lock horns at the Sophia Gardens Cricket Ground in Cardiff on Tuesday. Both the team will be looking to register their first win of the tourno after losing one match each till now. (LIVE SCORECARD) ICC World Cup 2019, 7th match: Afghanistan vs Sri LankaWhat time does the live coverage of the ICC Cricket World Cup 2019 clash between Afghanistan vs Sri Lanka start?The 5th match of the ICC World Cup 2019 between Afghanistan vs Sri Lanka will start at 03:00 PM IST.Where will the ICC Cricket World Cup 2019 clash between Afghanistan vs Sri Lanka be played?The clash between Afghanistan vs Sri Lanka in the ICC Cricket World Cup 2019 will be played atThe Oval, London.Where to watch online live streaming of the ICC Cricket World Cup 2019 game between Afghanistan vs Sri Lanka?You can watch the live streaming of the ICC Cricket World Cup 2019 clash between Afghanistan vs Sri Lanka on Hotstar from 03.00 PM onwards.When is the game between Afghanistan vs Sri Lanka in ICC Cricket World Cup 2019?The game between Afghanistan vs Sri Lanka in the ICC Cricket World Cup 2019 will be played on Sunday, June 2.Where can I check the ICC Cricket World Cup 2019 clash between Afghanistan vs Sri Lanka?You can follow Live updates and Live Score on english.newsnationtv.com. You can watch the live cricket match on Hotstar.Where can I watch the ICC Cricket World Cup 2019 clash between Afghanistan vs Sri Lanka?The match between Afghanistan vs Sri Lanka will be broadcast live on Star Sports 1, Star Sports Select HD. Hindi commentary will be available on Star Sports 1 Hindi. For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

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Tipp get All-Ireland campaign back on track

first_imgTipperary’s next match is against Kilkenny in seven days’ time.Meanwhile, the county’s Intermediate side beat Wexford 3-13 to 1-13 in Group 1 of the All-Ireland Championship.The game was played at The Ragg. The Premier County defeated Derry 3-19 to 1-6 to record their first victory in Group 2 of the competition.Orla O’Dwyer top-scored for Brian Boyle’s side – she registered 1-6.Jenny Grace and Miriam Campion got Tipp’s other goals.last_img

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Mo farah calls on arsene wenger to sign him up as arsenal fitness coach

first_imgDouble Olympic gold medallist Mo Farah has urged his beloved Arsenal to sign him up as their fitness coach when his athletics career comes to an end.The 29-year-old, who endeared himself to the nation by claiming gold in the 5000m and 10000m events at London 2012, is a life-long Gunners fan and has even trained with the first team squad.Mo Farah has received Arsenal gifts for his two new-born girls (Picture: Twitter)But while Farah believes he would never be good enough to be Arsene Wenger’s latest surprise signing, he does want the opportunity to work with Arsenal on improving the club’s dodgy fitness record.‘I don’t think I’d be any good at playing, but I’d like to help out at the Gunners for sure,’ Farah explained.‘I was talking to my wife the other day and I said: ‘I’d make a good fitness coach for the team or something.‘I could try to help players if they were injured or going through hard times, be able to do little things with them.’ The comments come just days after Farah became a dad to twins Amani and Aisha, and Arsenal are already helping out with the pressures of childhood, sending over a collection of club goodies including a pram and some bibs.Farah is not the only Olympic hero wanting to help out at a Premier League club though – sprinter Usain Bolt has repeatedly stressed he wants a trial with a view to playing for Manchester United, although he is yet to get his wish.last_img read more

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