To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters
Forgot Password ? Google Topics : Businesspeople have sought to defend the recently passed Job Creation Law days after 11 ministers did so, claiming that the regulation will uphold labor rights and will address high labor costs and productivity issues.Indonesian Employer Association (Apindo) chair Hariyadi Sukamdani said on Friday that issues preventing businesses from employing more people formed the background of the drafting and deliberation of the omnibus law. He said the legislation aimed to redress a long-term decline in employment.“In the span of 17 years since Law No. 13/2003 on labor was passed, a significant decline in employment has taken place,” he said in a virtual discussion held by the association. “This is in contrast to the growth of our workforce, which has increased by more than 2 million people every year.”From February 2019 to February of this year, 1.73 million In… Facebook Linkedin Log in with your social account LOG INDon’t have an account? Register here APINDO job-creation-law Omnibus-Law-on-Job-Creation investment labor-law unemployment productivity Jokowi
The European Commission, as part of its drive to allow European Union workers to move freely within the union, has asked the European Insurance and Occupational Pensions Authority (EIOPA) for advice and information on the transferability of supplementary pension rights. Michel Servoz, director-general of the Commission’s employment, social affairs and inclusion directorate, wrote to EIOPA chair Gabriel Bernardino to find out about the current state of affairs for transfers of acquired supplementary pension rights between occupational pension schemes in different member states.The information was to cover transfers within the country, as well as cross-border transfers, he said, suggesting EIOPA could flag good practices related to transfers. EIOPA was also asked for quantitative data on transfers of pension assets within the countries and across borders, if available. In addition to this, Servoz asked the authority to pinpoint the main obstacles that were affecting – or preventing – transfers, both within countries and across borders. In his letter, Servoz said the Commission, the European Parliament and the Council had been actively trying to ease worker mobility in the EU.A key step in this is the “Directive on minimum requirements for enhancing worker mobility by improving the acquisition and preservation of supplementary pension rights”, he said. The directive was adopted by the European Parliament and the Council two months ago, he said, adding that it did not involve minimum requirements on the transferability of these pension rights. “Nevertheless, pension transferability remains an important aspect of worker mobility, and member states are encouraged to improve the transferability of vested pension rights,” he said. Servoz welcomed EIOPA’s planned report on good practices on portability of occupational pension rights, and his request for advice on the topic was within the scope of that work, he said. “The objective is to inform possible future debates on the transferability of supplementary pension rights,” he said.Servoz said the Commission wanted EIOPA’s findings by the middle of 2015.
The pension fund for Italy’s Banco di Napoli is tendering two €45m equity mandates, targeting managers of Asia-Pacific and US stocks.The €693m fund said it was looking to award four contracts in total – two covering the defined benefit section of fund, and two covering its defined contribution scheme.All four contracts will run for three years, according to Banco di Napoli, which added that managers would be allowed to invest only in listed equities in the two selected markets.For the sake of liquidity management, however, the pension fund will allow temporary exposure to money market funds denominated in euros. Interested managers have until 4 April to respond to the request for proposal published on the Banco di Napoli fund’s website.In other news, the UK National Local Government Pension Scheme (LGPS) Framework has tendered a framework agreement covering advice for asset pooling, as well as actuarial advice.The initiative, supported by seven funds including the administering authority behind Norfolk Pension Fund, is split into four distinct lots covering actuarial services, benefits consultancy, provision of governance consultancy and distinct pieces of pensions-related project work.The last lot allows for the tendering of advice regarding the creation of asset pools, being launched by the LGPS in the wake of the UK government’s attempts to increase scale within the sector in England and Wales.The lot would also allow funds across the UK to appoint specialists able to help them comply with the new regulatory requirements imposed by the Pensions Regulator.The four-year mandate, which could run for up to seven years, could be worth up to £350m (€448m) in payments to third parties.Interested parties have until 11 April to apply (the deadline was later extended to 15 April in connection with an amendment of the short description in the contract notice – a formal matter).
LEANWIND, a project funded by the European Union that started in December 2013, has come to an end. The LEANWIND team marked the closing by issuing the final project publication covering project results.Led by a 31-partner consortium, the EUR 15 million worth LEANWIND (Logistic Efficiencies And Naval architecture for Wind Installations with Novel Developments) project was backed with EUR 10 million provided by the European Commission.The project’s primary objective has been to provide cost reductions across the offshore wind farm lifecycle and supply chain through the application of lean principles and the development of state of the art technologies and tools. LEANWIND was broken down into 10 different work packages ranging from technical management, novel vessels equipment, to integrated logistics and economic and market assessment, among others.
The Cove Point facility began producing LNG in March 2018 and shipped its first commercial cargo of the fuel in the following month. The facility produces chilled fuel for ST Cove Point, the joint venture of Japan’s Sumitomo Corporation and Tokyo Gas, and for India’s GAIL under 20-year contracts. The $4 billion Cove Point facility has a nameplate capacity of 5.25 million tonnes per year. Image courtesy of Dominion Energy The service impact “only applies to firm peaking service (FPS) service”, it said. Dominion Energy said it plans to conduct maintenance at its Cove Point liquefied natural gas export plant in Maryland next month. The Cove Point operator said in a customer notice that it will shut down the plant’s small liquefier as part of planned maintenance from June 2-15 adding that the work will not affect LNG exports. Dominion loaded and shipped the 100th cargo from the plant in November 2019.
32 Views no discussions Share Tweet It’s an unusually early forecast of the potential formation of a tropical weather system about 460 miles northeast of Puerto Rico.According to a “special tropical weather outlook” issued Wednesday afternoon, the low pressure system has developed shower and thunderstorm activity near its center and satellite data and ship reports indicate gale-force winds north of the center.Slow development of the system is possible during the next few days as it moves west northwest at about 10 mph.Forecasters say there is a low chance, about 20 percent, of the system developing into a subtropical or tropical cyclone before conditions become less favorable in about 48 hours.It is unusual to have a subtropical or tropical cyclone form this early in the year. The Atlantic hurricane season begins on June 1.Source: Nola.com Share Sharing is caring! Share LifestyleNewsRegionalTravel First tropical weather bulletin of the 2011 hurricane season is issued by: – April 20, 2011
After comprehensive wins in Europe and the Bundesliga over the past week, Bayern Munich will switch their attention to the German Cup on Tuesday against an out-of-sorts Schalke in the quarter-finals. Bayern Munich are unbeaten in 13 games in all competitions Bayern marked themselves out as Champions League title contenders with a 3-0 rout of Chelsea in London last week, backing it up in a 6-0 win at Hoffenheim despite the loss of star forward Robert Lewandowski to injury. Philippe Coutinho scored twice and Thomas Mueller contributed two assists in the Pole’s absence, but the game was overshadowed by a banner attacking Hoffenheim’s billionaire investor Dietmar Hopp. It was the latest in a series of insults directed towards Hopp, an unpopular figure among German football fans for circumventing the league’s traditional fan-ownership model to invest vast sums in the village club. Bayern have founded an “anti-hate” committee which will work closely with the police in Mannheim over the offensive banner unfurled at Hoffenheim’s stadium. Club chairman Karl-Heinz Rummenigge said the culprits “must of course expect to be punished by Bayern Munich. We don’t want to see this hateful face of FC Bayern any more.” “We can’t go back to business as usual,” he added. He said the committee would help the police identify those responsible “and also look at how we deal with this issue in the future.” Bayern are heavy favourites to overcome a Schalke side whose promising early-season form has tailed off dramatically, with just one win in their past nine league games. “It’s going to be a difficult game and the team know that going in. But we’ll take on the challenge,” said Schalke coach David Wagner. “We know we’re underdogs. Sometimes it works in your favour though, knowing that you simply never know what’s going to happen in any given game.” Bayern are unbeaten in 20 matches against Schalke in all competitions and thrashed the Royal Blues 5-0 in Munich at the end of January. In-form Bayer Leverkusen, fifth in the top flight, have qualified for the Europa League last 16 and are at home to Union Berlin on Wednesday, while Eintracht host Werder Bremen. Read Also: NBA warns players over interactions with fansThe latter tie is a reverse of Sunday’s fixture that was postponed after Eintracht’s Europa League second leg in Austria was pushed back 24 hours because of storms.Fourth-tier Saarbrucken meet Bundesliga strugglers Fortuna Duesseldorf in the first quarter-final on Tuesday.FixturesTuesdaySaarbrucken v Fortuna Duesseldorf (1730), Schalke v Bayern Munich (1945)WednesdayBayer Leverkusen v Union Berlin (1730), Eintracht Frankfurt v Werder Bremen (1945)FacebookTwitterWhatsAppEmail分享 Promoted ContentFantastic-Looking (and Probably Delicious) Bread ArtCouples Who Celebrated Their Union In A Unique, Unforgettable Way8 Things That Will Happen If An Asteroid Hits Earth7 Biggest Celebrity Endorsement DealsSuch A Sweet Life Story Of The Youngest Queen In The World7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?Everything You Need To Know About Asteroid ArmageddonCare To Try A Glow-In-The-Dark Doughnut?Insane 3D Spraying Skills Turn In Incredible Street Art10 Hyper-Realistic 3D Street Art By OdeithWho’s The Best Car Manufacturer Of All Time? Loading…
Monday’s hacking sent 63-year-old ErlinoElocindo to the Western Visayas Medical Center in Mandurriao district. Elocindo was talking with his neighboroutside their house when Ganancial allegedly attacked him. The suspect was identified as DenisGanancial, the police added. Elocindo, a resident of the said village,sustained hack wounds on the left shoulder, arms and head, police said. Ganancial was arrested after theincident that happened around 8 a.m. on June 10. ILOILO City – Police have yet toidentify the motive in a hacking incident in Barangay Lipata, Barotac Viejo,Iloilo. The suspect was detained in the lockupcell of the Barotac Viejo police station, facing charges./PN
Phyllis Ann Schmidt, age 72 of Brookville, IN passed away on Thursday, November 3, 2016. Born on April 12, 1944 in Connersville, IN she was the daughter of Arnold and Lila (nee: Marcum) Fruits.She is survived by her mom, Lila Fruits of Brookville; children Melanie (Ronnie) Duenne of Brookville, Melissa Walters of Covington, KY, Heidi (Gary) Reams of Laurel, IN, and Jason Helms of Connersville along with 6 grandchildren, 3 great grandchildren, 1 niece and her sister Linda Schniker of Brookville.In addition to her father, she was preceded in death by a granddaughter.Visitation Monday, November 7, 2016 from 4-6pm with funeral services immediately following at 6pm all at Meyers Funeral Home in Batesville, IN. Rev. Glen Goins officiating.Memorials may be made to the family.