An outside chance

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Aviva announces exit, sells entire stake in Indonesian joint venture

first_imgBritish insurance company Aviva Holding Ltd. has announced its exit from Indonesia, selling all its shares in its joint venture in the country, PT Astra Aviva Life (Astra Life), to its partner, PT Astra International.Aviva released the statement on the company’s website on Friday.“The transaction is expected to be completed in quarter four of 2020 and is subject to certain closing conditions, including regulatory approval in Indonesia and the completion of Bangkok Bank Public Company Limited’s [Bangkok Bank] acquisition of PT Bank Permata Tbk [Permata Bank], Aviva Indonesia’s bancassurance partner,” the statement said. The shareholders of Bangkok Bank approved the acquisition of Permata Bank on March 5.Bangkok Bank announced in December that it had agreed to buy 89.1 percent of stakes in publicly listed Bank Permata from Standard Chartered and Astra International for around US$2.67 billion as part of its overseas expansion.Read also: Bangkok Bank to acquire another Indonesian bank after Permata deal: OJKBritish financial giant Standard Chartered and Indonesian diversified conglomerate PT Astra International were the majority owners of Bank Permata shares, each owning 44.56 percent. Astra Life was established on May 26, 2014, and by 2018 it had over 750 employees and provided services to over 1.4 million customers, according to information on the company’s website. The company had total assets amounting to Rp 5.9 trillion (US$407 million) in the fourth quarter of 2019, a Rp 900 billion year-on-year growth, according to its financial statement.Aviva began a review of its Asia business in 2019 under new CEO Maurice Tulloch, Reuters reported.The company said in November that it had decided to keep its Singapore and China operations, but was considering options for its Indonesia, Vietnamese and Hong Kong businesses. (mpr)Topics :last_img read more

Pension funds for Dutch airline KLM hit by third-quarter turbulence

first_imgKLM’s three largest pension funds have reported negative third-quarter returns of up to 4.1%, while their coverage ratios fell by at least 10 percentage points over the period.Their official policy funding – drawn from the 12-month average – also dropped by several percentage points.Last week, the five largest pension funds in the Netherlands announced investment losses of up to 3.2% over the past three months, with only the €345bn civil service scheme ABP (0.8%) and the €39bn metal scheme PME (0.5%) managing to record positive returns year to date.The KLM pension funds attributed their deteriorating financial position to a combination of negative returns, the reduction of the ultimate forward rate (UFR) for discounting liabilities and falling long-term interest rates. The two rate developments in particular led to a significant increase in liabilities, with the €7.3bn Algemeen Pensioenfonds KLM, the scheme for ground staff, indicating that its liabilities had increased by 5.5%.However, the €2.5bn pension fund for cabin staff, with a quarterly loss of 4.1%, took the biggest hit, resulting in its policy funding falling by 3.3 percentage points to 110.9%.The Pensioenfonds KLM Cabinepersoneel cited a quarterly loss of 9.2% on its 42.5% equity allocation, as well as a 1.4% loss on its 44.5% fixed income holdings.In contrast, the scheme’s real estate portfolio returned 0.6% over the third quarter, taking its year-to-date return for the asset class to 5.6%.Mark Burback, CIO at Blue Sky Group, the KLM schemes’ asset manager and pensions provider, attributed the performance of real estate to investors’ preference for fixed income investments following the negative sentiments on financial markets.The Algemeen Pensioenfonds KLM, meanwhile, lost 3.8% over the last quarter.Commenting on the quarterly results, the scheme for ground staff said the volatile equity markets wiped out its expected annual result.It said its policy funding fell by 2.4 percentage points to 112.8%, adding that indexation would be unlikely in the years to come.The €7.8bn pension fund for cockpit staff – despite an investment loss of 3.9% and a 1.8-percentage-point drop in policy funding to 123.9% – remained in the best shape of the three large KLM schemes.The Pensioenfonds Vliegend Personeel said it still had a funding surplus and did not need to submit a recovery plan.The pilots’ scheme announced a positive return on investments of 0.6% year to date, while the pension funds for cabin and ground staff incurred losses of 1.4% and 1%, respectively.last_img read more

Planned Parenthood latest video – the most disturbing thing you’ll see all year

first_imgLifeSiteNews 4 August 2015I’m about to show you something that, if you’re alive and have a heartbeat, will deeply disturb you, and then make you hopping mad.I warn you, it’s graphic. But everybody needs to see this. Because this is the truth. And even if the truth is difficult, and gruesome, and challenging, it must be known.This morning the Center for Medical Progress released the latest in their series of undercover sting videos exposing the fact that Planned Parenthood is harvesting and selling the body parts of aborted babies.The first part is plenty disturbing, as director of research for Planned Parenthood Gulf Coast, Melissa Farrell, discusses how she “diversifies” Planned Parenthood’s “revenue stream” by selling aborted baby parts, and how their abortionists can modify the abortion procedure (Note: totally illegal) to obtain “intact” foetuses. read more

International best-selling porn proofing book now available in NZ!

first_imgMedia Release Focus on the Family New Zealand 23 February 2017Family First Comment: An excellent resource for every family.The international best-selling book Good Pictures Bad Pictures is now available in New Zealand exclusively from Focus on the Family NZ.After experiencing great success with Good Pictures Bad Pictures in their own families, the team at Focus on the Family NZ contacted the US authors and acquired the rights to publish a special New Zealand edition of the book especially for Kiwi parents.“What makes this book such a powerful educational tool is that it provides parents with an easy and proactive way to engage with their kids about pornography, and well before most children have even had their first exposure to porn” says Focus on the Family NZ Director Wayne Mulqueen.“There’s a reason why this is already a best-seller overseas – it really does work. We’ve used it with our kids and it’s been amazing to see how its empowered them with important insights and a practical strategy for what to do if they encounter online pornography.”“So many of the current strategies for protecting our kids from the risks of Internet porn are reactive and focused on policing the problem, but Good Pictures Bad Pictures is different, it offers a proactive and empowering strategy for families and children” says Wayne Mulqueen.Good Pictures Bad Pictures is an illustrated book that parents read with their children. It is written for 5 to 10 year olds, and it  explains the workings of the brain, how addictions can develop, and, most importantly of all, it gives children a strategy – which includes practical steps to take – if they are confronted with pornography.Associate Professor of Neuroscience, Dr. Donald L. Hilton, calls Good Pictures Bad Pictures ”a remarkable and timely tool to teach the neuroscience of avoiding pornography addiction in a way that kids can easily understand,” and parents are calling it “an amazing work” and “a great way to talk to children about pornography without the awkward, uncomfortable feeling.”“Good Pictures Bad Pictures focuses on topics like respect for others and the workings of the brain, which makes it a widely accessible tool suitable for all Kiwi families” says Wayne Mulqueen.“One of the unexpected but welcome outcomes we’ve experienced from Good Pictures Bad Pictures is that our kids now have a greater understanding of self-control in other areas of their daily life thanks to what it has taught them about how the brain shapes their behaviour and decision-making processes.”“This book really is a powerful game changer for parents who want to take a proactive approach to combating the risks of Internet pornography in the family home” says Wayne Mulqueen.Good Pictures Bad Pictures is available in New Zealand exclusively at: read more

Chief Environmental Health Officer Anthony Scotland cautions general public to be on guard against Leptospirosis

first_img Share Sharing is caring! Tweet Share 54 Views   no discussionscenter_img HealthLifestyleLocalNews Chief Environmental Health Officer Anthony Scotland cautions general public to be on guard against Leptospirosis by: – August 6, 2011 Share Mr. Anthony Scotland. Photo credit: GIS NewsThe Ministry of Health through its Chief Environmental Officer has advised that there is an increased number of reported and confirmed cases of Leptospirosis on the island.Mr. Scotland reported to the media that the number of cases has moved from fifteen to twenty.“The Ministry of Health, the last press release that was given, the number of recorded confirmed cases was at fifteen that was for the past few months that was in the month of May. But you find is that in the month of June there were two cases and in the month of July three cases. We need to be careful about the environment that we are working and what we are finding is that the disease is occurring more and more among people working in the outdoor situation, people doing farming you know that sort of operation; outdoor work, work related to construction.”He also advises persons who work outdoors to wear protective gear while working.“So basically people doing outdoor activities have to be careful; if you have a breaking in your skin you need to wear gloves. If you suspect that your environment is contaminated with rats, you suspect animals around you; anytime you suspect sick animals you should report the matter to the Veterinary Unit of the Ministry of Agriculture. These are the measures that need to be taken by our population now,” he said.The Ministry of Health reported that two people had died from the disease in June of this year.Dominica Vibes Newslast_img read more

Flight disruptions due to industrial action

first_img Share Tweet BusinessLifestyleNewsRegionalTravel Flight disruptions due to industrial action by: – June 7, 2017 Share Sharing is caring!center_img Press ReleaseST. JOHN’S, ANTIGUA, June 7, 2017 – LIAT regrets to advise the travelling public of industrial action by the members of the Leeward Islands Airline Pilots Association (LIALPA).In the ongoing negotiations for higher wages, which includes the operation of the ATR aircraft, the pilots have taken action to refuse to fly the ATR 72 aircraft until an agreement is reached.As a consequence of this action we have not been able to operate flights scheduled with ATR 72 aircraft at this time.These actions have already resulted in a number of delays to our services an cancellations.LIAT has issued a Travel Advisory to its passengers and another will follow at 10:30 a.m.LIAT’s CEO, Julie Reifer-Jones, stated “LIAT apologises for these disruptions to our passengers and their plans and wishes to reiterate its commitment to work with LIALPA to resolve any issues.”The following flights have been cancelled:LI 560 from St. Vincent to BarbadosLI 300 from Barbados to TortolaLI 301 from Tortola to BarbadosLI 512 from Antigua/St. Kitts/TortolaWe strongly advise our passengers to contact LIAT’s Call Centre for rebooking or advice on travel.Reservations1-888-844-LIAT (5428) Toll Free from most destinations within the CaribbeanRegion1-866 549-5428 Calling from The United States480 5582 for customers calling from AntiguaCall Antigua 1-268-480-5601/2 from Other Countries1-246 434 5428 from Barbados Share 86 Views   no discussionslast_img read more

Howard F. Barlow

first_imgHoward Francis Barlow, 88 of Dillsboro passed away January 18, 2018 at Waters of Dillsboro.  Howard was born March 18, 1929 in Independence, KY the son of Howard and Hazel (Cheeseman) Barlow. Howard was an Army Veteran during the Korean War.   He worked for Aurora Casket for over 30 years. He enjoyed being a farmer.Howard is survived by sister: Helen Harnist.  He was preceded in death by one brother: Elmer Barlow.Funeral service will be 10 a.m. Saturday January 20, 2018 at Filter-DeVries-Moore Funeral Home with Pastor Tom Fehrman officiating.  Burial will follow in Independence Highland Cemetery in Independence, Ky.  Visitation will be Saturday 9-10 a.m. also at the funeral home.     Memorials may be made to Donor’s choice. Filter-DeVries-Moore Funeral Home entrusted with arrangements, 12887 Lenover Street. P.O. Box 146 Dillsboro, In  47018 (812)432-5480.last_img read more

Judge to rule on Warner extradition next month

first_imgFormer CONCACAF boss Jack Warner will know his fate on July 31 when a judge is expected to rule on the legality of an extradition request by the United States.Warner is wanted in the United States to face charges of racketeering and bribery relating to his tenure as a high-ranking official of world governing body FIFA.In the claim submitted to the court by his attorneys, Warner questions the procedure adopted by the Office of the Attorney General in signing off on the US’s request for his extradition in May 2015. The former FIFA vice president was one of 14 people indicted by a United States court for racketeering and bribery. The list also included another former CONCACAF president,Jeffrey Webb who is currently under house arrest in the US. Webb pleaded guilty to racketeering conspiracy, three counts of wire fraud conspiracy and three counts of money laundering conspiracy.High Court Judge,James Aboud set the date after listening to submissions from Warner’s attorneys and those of the Office of the Attorney General at the Port-of-Spain High Court on Friday. (Sportsmax)last_img read more

Shepherd, Chanderpaul help Jaguars tighten grip on Barbados Pride

first_imgBRIDGETOWN, Barbados, (CMC) – Tagenarine Chanderpaul hit a half-century to put the grind on a listless Barbados Pride attack to tighten the grip of newly-crowned champions Guyana Jaguars on their Regional 4-Day Championship match on Saturday here.Tagenarine Chanderpaul in unbeaten on 66.The left-handed opener was unbeaten on 66, as Jaguars reached 154 for four in their second innings, when bad light stopped play 20 minutes past the scheduled close on the third day of their ninth-round match at Kensington Oval, for an overall lead of 252.Chanderpaul, whose 197-ball innings in just under five hours includes a mere five boundaries, shared solid stands of 44 with fellow left-handed opener Chanderpaul Hemraj for the first wicket and 73 with Vishaul Singh for the third wicket.West Indies Under-19 World Cup winner Chemar Holder has been the most successful Pride bowler with 3-56 from 18 overs.This followed West Indies fast bowler Kemar Roach hitting the top score of 51, as the Pride surrendered a first innings lead of 98, when they were bowled out for 199 in their first innings.He shared a rearguard of 52 for the eighth wicket with Jomel Warrican that offered Pride hope of reach the 200-run mark and earning a batting point, but they fell agonisingly short.Romario Shepherd was the pick of the Jaguars bowlers, grabbing 5-40 from 14 overs, and Keemo Paul snapped up 2-41 from 15.5 overs.Chanderpaul and Hemraj carried the Jaguars to lunch on 41 for no wicket with little fuss before Holder made the breakthrough for the Pride in the third over after the interval, when he had the latter caught at deep mid-wicket for 21.Jaguars captain Leon Johnson spent 40 minutes at the crease before he was caught at point off Holder for six to leave the Jaguars 64 for two.Singh came to the crease and with Chanderpaul continued to wear down the Pride bowlers for the next two hours either side of tea with defiant batting, also enduring a couple of stoppages for light showers.They carried Pride to 105 for two at tea and continued merrily after the break to bat the Jaguars into an impregnable position.Pride captain Shamarh Brooks employed the slow bowling duo of left-arm spinner Jomel Warrican and Roston Chase after the break for more than an hour and it yielded moderate success only.Warrican had Singh stumped for 43, when the left-hander charged down the pitch and was deceived with the flight of delivery.Next over, Holder got veteran and former West Indies captain Shivnarine Chanderpaul, Tagenarine’s dad, to edge a loose drive and caught behind for a seven-ball duck to leave Jaguars 138 for four.Bramble joined the younger Chanderpaul and they batted for close to an hour through to the close, but not without incident.The Jaguars wicketkeeper/batsman appeared to have been dropped by Dowrich behind the stumps first ball off Holder and then had to seek medical attention when he struck on the helmet by West Indies fast bowler Miguel Cummins.Earlier, Pride, starting the day on 147 for seven, were bowled out in just over an hour, after play began half-hour earlier than regularly scheduled due to weather interruptions on the previous two days.Roach, who pulled up lame bowling on the previous day, batted for 99 minutes, faced 59 balls and struck nine fours.Before he reached his landmark, Warrican was caught at gully for 22 to become Shepherd’s fifth wicket, and soon after he reached his 50, Roach was caught behind off left-arm spinner Veerasammy Permaul cutting at a wide ball.Keemo Paul brought the innings to a close, when he bowled Holder for five.Jaguars entered the match with an unassailable 135 points, but have so far gained two batting points, three bowling points and 1.8 pace bowling points.Pride have gained three bowling points, no batting points and 2.6 pace bowling points to add to their season total of 85.8.JAGUARS 1st Innings 297Pride 1st Innings(overnight 147 for seven)K Brathwaite run out 13S Moseley c Hemraj b Shepherd 24*S Brooks c Hemraj b Shepherd 25J Carter c wkpr Bramble b Paul 21R Chase c wkpr Bramble b Shepherd 1+S Dowrich c T Chanderpaul b Shepherd 0J Greaves c T Chanderpaul b Rutherford 16K Roach c wkpr Bramble b Permaul 51J Warrican c Hemraj b Shepherd 22C Holder b Paul 5M Cummins not out 2Extras (b3, lb6, w4, nb6) 19TOTAL (all out, 58.5 overs) 199Fall of wickets: 1-41, 2-46, 3-83, 4-91, 5-91, 6-115, 7-119, 8-171, 9-197Bowling: Paul 15.5-2-41-2; Reifer 11-4-35-0 (nb2); Rutherford 13-1-55-1 (nb4); Shepherd 14-4-40-5 (w4); Permaul 5-1-19-1.JAGUARS 2nd InningsT Chanderpaul not out 66C Hemraj c (sub) Walsh b Holder 21*L Johnson c Greaves b Holder 6V Singh st Dowrich b Warrican 43S Chanderpaul c wkpr Dowrich b Holder 0+A Bramble not out 9Extras (b1, lb2, w1, nb5) 9TOTAL (4 wkts, 67 overs) 154Fall of wickets: 1-44, 2-64, 3-137, 4-138Bowling: Cummins 15-3-43-0 (nb2); Holder 18-2-56-3 (nb3); Greaves 7-1-14-0 (w1); Chase 13-9-18-0; Carter 5-2-6-0; Warrican 9-3-14-1Position: Jaguars lead by 252 with six second innings wickets standinglast_img read more