Indonesia’s loan growth to slump to 4% amid pandemic: Economist
The country’s banking industry recorded 5.93 percent loan growth in February, the lowest expansion since November 2009, according to Financial Services Authority (OJK) data. The figure is lower than the 6.1 percent booked in January.The non-performing loan (NPL) rate jumped to nearly 2.8 percent, the highest since May last year.The OJK and Bank Indonesia (BI) previously set a loan growth target of around 11 percent this year. The central bank recently slashed its projection to between 6 and 8 percent.Despite the projected decline in Indonesia’s banking sector, Aviliani expressed optimism the country’s financial sector would remain resilient, unlike during the 1998 financial crisis. The banks, she added, should start making projections of their liquidity, as many businesses would ask for loans to be restructured amid the economic crisis.“Let’s say if 10 percent of their customers file for debt restructuring, what sort of cash flow is needed? The banks should be prepared, so they will not face liquidity problems if their customers withdraw their money,” she said.The SARS-CoV-2 outbreak has forced the government to call on citizens to stay home, causing disruption to businesses and harming people’s purchasing power.The government projects the country’s economy to grow 2.3 percent this year under a baseline scenario, which would be the lowest rate since 1999, or contract by 0.4 percent in a worst-case scenario.Besides calling on banks to anticipate liquidity issues, Aviliani also lauded the government’s efforts in maintaining stability in the financial sector through the issuance of a regulation in lieu of law (Perppu) on the COVID-19 response, calling it “a step in the right direction”.“This Perppu not only regulates the financial sector but also helps the real sector through incentive policies such as corporate tax relaxation, expediting tax returns and import fee waivers,” she said.President Joko “Jokowi” Widodo issued the Perppu on March 31, which activated a crisis protocol, widened the state budget deficit limit beyond 3 percent, cut corporate income taxes and allowed BI to throw lifelines to the government through purchases of government bonds through auctions, among other measures. Indonesia’s banking industry is expected to see a drop in loan growth to around 4 percent this year as the COVID-19 pandemic batters the economy, an economist has said.Senior economist at the Institute for Development of Economics and Finance (INDEF), Aviliani, said Indonesian banks had become hesitant to provide loans to new debtors, as both the national and global economy had been disrupted by COVID-19.“I think loan growth will be around 4 percent and new loan disbursement will begin to return to normal in March 2021. The banks are hesitant to channel loans as demand will remain low until December,” she said during an online discussion on Friday.
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Digitalization and blockchain technologies have been announced as major disruptors of how the containership industry works.The new technological trends promise to simplify an outdated way of doing business bringing at the same time considerable cost reductions.However, the very payment process in the sector is yet to reap gains from the switch and it represents a major market opportunity for the tech companies.UK-based shipping consultancy Drewry estimates that in 2017, the global containerized trade of 207 million TEU of ocean containers required around 1.26 billion freight invoices to be issued, verified, paid and reconciled.“With the current low levels of automation of payment processes among shippers, forwarders and shipping, we estimate a total process cost of USD 34.4 billion annually,” Drewry said, adding that the prevailing inefficiencies pose a significant market opportunity for technological disruptors.In particular, efficiency gains can be achieved through technological solutions that support the simplification and/or automation of invoicing and payment practices, especially for small and medium-sized shippers and forwarders. In addition, there is a need for payment guarantees between stakeholders so that ‘Cash Against Documents’ practices are no longer required.The shipping consultancy said that automated solutions for ocean freight payments are almost non-existent.Hence, the most used payment methods in global container shipping are bank transfers and cheques, with cred card payment being rare.Another major issue is the high invoice error rate, especially for smaller shippers, with bookings and invoices being carried out manually to a great extent.To that end, Drewry voiced the need to streamline and solidify the end-to-end workflows of quotation requests, quotations, booking requests and confirmations, as well as the fulfillment of the transport service as booked, in alignment with invoicing and payments across the transport chain without errors and re-work.In Drewry’s opinion, large players within the container shipping industry can push to simplify and standardize some of these complex processes, but new entrants also have a unique opportunity to develop common platforms or technology-based services which shipping lines or forwarders cannot provide on their own.Some of the types of solutions which seem within reach or under development are online marketplaces, platforms to reconcile bookings, invoices and payments automatically as well as automated payment guarantees.
WRBI Area Basketball Scores.Thursday (2-5)Boys Scores.Batesville 58 South Dearborn 39Girls Scores.Jac-Cen-Del 43 South Ripley 32North Decatur 57 South Decatur 34Lawrenceburg 57 Rising Sun 48New Castle 52 Rushville 33Connersville 54 Indy Ritter 45Hauser 58 Southwestern 45
Batesville lost a close 3-2 match to Greenfield Central on Tuesday.The #1 doubles team of Lane Westerfeld and Sam Giesting and the #2 doubles team of Cooper Williams and Adam Scott picked up wins for Batesville.Batesville’s JV team won 4-1. Winners were Grant Story in singles, the doubles team Lane Westerfeld/Brayden Worthington (2 matches) and the doubles team of Jonathan Hoff and Sam Voegele.Batesville will travel to Rushville on Wednesday at 5:00.Courtesy of Bulldogs Coach Mike McKinney.
RelatedPostsNo Content Available WWE are expected to confirm two huge fights at a press conference in Las Vegas on Friday.Boxing star Tyson Fury is set to take on Braun Strowman after their clash on Raw, while Cain Velasquez is likely to go one-on-one with WWE champion Brock Lesnar.The media have been invited to attend a “major WWE announcement” at the T-Mobile Arena ahead of SmackDown where the announcement is expected.The two matches will reportedly happen at WWE’s Crown Jewel pay-per-view event in Saudi Arabia on October 31.There are question marks over how physical Fury will get with Strowman considering the Gypsy King needed 47 stitches to an eye injury after his win over Otto Wallin last month.And any injuries sustained while fighting in WWE could have repercussions on a potential rematch with Deontay Wilder next year.It all boiled over on Raw when Fury told Strowman he would knock him out, before the pair brawled and had to be separated by security and WWE superstars.Meanwhile, there is history between Lesnar and Velasquez, who made his WWE debut appearance on SmackDown last week.Velasquez knocked out Lesnar in round one to win the UFC Heavyweight Championship in 2010. Tags: Strowman
The six-times Group One winner suffered the injury during a routine gallop at Aidan O’Brien’s Ballydoyle stable on Tuesday morning as he continued his preparations for Saturday’s King George VI And Queen Elizabeth Diamond Stakes at Ascot. With his racing career now over due to his serious injury, owners John Magnier, Michael Tabor and Derrick Smith are hopeful their vets can save him for a stud career. Press Association St Nicholas Abbey will undergo surgery on a fractured pastern on Wednesday morning.
Coolmore tweeted on Tuesday: “St Nicholas Abbey suffered a fractured pastern during a routine piece of work at Ballydoyle this morning. He is currently in a comfortable condition at Fethard Equine Hospital, where he is scheduled for surgery tomorrow morning.” Later on Tuesday evening Coolmore tweeted that the operation would be “long and complicated” and that fingers were crossed. It read: “St Nicholas Abbey is scheduled for surgery under a highly experienced surgical team tomorrow morning at Fethard Equine Hospital. The operation to stabilise and repair will be long and complicated – we will need a bit of luck, so fingers crossed for St Nicholas Abbey.” A son of champion sire Montjeu, St Nicholas Abbey was champion two-year-old in 2009 when he crowned his season with a blistering display in the Racing Post Trophy at Doncaster. He was a red-hot favourite for the 2000 Guineas the following year, but could only finish sixth behind Makfi, and was not seen again until the following April. He returned to something like his juvenile form when an easy winner of the Ormonde Stakes at Chester and went on to further Group One glory in the Coronation Cup at Epsom, a race he went on to win twice more. Arguably his two greatest successes came on the world stage, however. He won the Breeders’ Cup Turf in 2011, a victory which made his jockey Joseph O’Brien the youngest winner in Breeders’ Cup history, and as recently as March he landed the Dubai Sheema Classic at Meydan. St Nicholas Abbey amassed close to £5million in win and place prize money having won nine of his 21 races. 
The 26 year-old has been with Southampton since August 2012, making 60 appearances and scoring three goals. Yoshida, who can play at right-back as well as in the centre, has now joined up with Japan ahead of the Asian Cup in Australia. Japan are set to play Palestine on January 12 and then have matches against Iraq and Jordan. The Japan defender opened his official Twitter account with the message confirming the new deal at Southampton. He wrote: ” Very glad to see all of you guys on the Twitter and announce that I’ve just signed another 3 years with #saintsfc!!!!” Southampton manager Ronald Koeman paid tribute to Yoshida’s work ethic. He said at a press conference: “I am very pleased about that (news) because in my opinion he is the example of how you have to deal with the job as a football player. “He works very seriously , always doing his best, always (putting) the team in front of himself, and can play in different positions , so for the coach it is always nice to have those kind of players.” Press Association
Japan defender Maya Yoshida has agreed a new three-year contract at Southampton, the club have announced. 
Stoke have named Asmir Begovic and Steven N’Zonzi in their 23-man squad for next week’s Barclays Asia Trophy tournament in Singapore – but have added the proviso that the party is subject to change. Press Association Stoke chief executive Tony Scholes said last month he remains hopeful they can persuade N’Zonzi to sign a contract extension but reports have suggested the 26-year-old is looking for a move this summer. “We are negotiating, we are in the fight,” Sevilla sporting director Ramon Rodriguez Verdejo told reporters in Spain about their pursuit of N’Zonzi. “We have less and less leeway. If N’Zonzi or Stoke don’t think that we can offer what they want, we will look for other possibilities. “That’s why we’ve been working all season.” But both Begovic and N’Zonzi were named in the Stoke party for the Singapore trip as Mark Hughes’ men prepared to fly out to the Far East on Wednesday night, although the official club website reported the squad could change. “The Potters will land in Singapore on Thursday evening and will spend the weekend in an intensive training camp ahead of the tournament,” said stokecityfc.com. Summer signing Joselu, who joined from Hannover for eight million euros (£5.74million) last month, is set to feature for the first time as Stoke play Everton in their Asia Trophy opener on July 15. Stoke will then play either Arsenal or Singapore Select XI three days later. Both Bosnian goalkeeper Begovic and French midfielder N’Zonzi have been linked with moves away from the Britannia Stadium ahead of the new season. Begovic has been linked with Chelsea and Manchester United this summer while Spanish club Sevilla have confirmed their interest in N’Zonzi, who has 12 months remaining on his Stoke contract. Hughes confirmed on Wednesday that Stoke were ready to let N’Zonzi speak to Sevilla ahead of a potential £7million move. “Sevilla have obviously shown a huge interest in Steven,” Hughes told the Stoke Sentinel. “We are probably at a point where we can allow Steven to speak to Sevilla. That will happen in the next 24 hours or so. “You would imagine at that point if the deal is correct and is what we think it is then the deal would probably be concluded and Steven will join Sevilla. “He’s played very well since I came to the club to be perfectly honest. We have tried very hard to convince him that his future lay with us. “These things are never cut and dried and until it actually happens as there are always things which can develop very quickly.” 
— The Vikings have terminated the contracts of nose tackle Linval Joseph and cornerback Xavier Rhodes, clearing more than $18.5 million off the team’s salary cap. Both players were longtime Vikings.— The Titans have waived three-time Pro Bowl tight end Delanie Walker and kicker Ryan Succop (SUK’-uhp). Injuries ended each of Walker’s last two seasons along and Succop made only one field goal last season.— The Lions have released tackle Rick Wagner, who started 40 games over three seasons with the team.— The Bengals have cut Cordy Glenn, severing ties with the left tackle who missed most of last season because of concussion and suspension.— The Jaguars have placed the franchise tag on disgruntled defensive end Yannick Ngakoue (yah-NEEK’ en-GAH’-kway), guaranteeing him more than $19 million next season unless he refused to sign the tender and tries to force a trade. Ngakoue can negotiate with other teams, but Jacksonville has the right to match any offer or receive two first-round draft picks as compensation. Masters officials have postponed the first major championship of the year until a later day. The decision came 12 hours after PGA Tour Commissioner Jay Monahan canceled four tournaments leading up to the Masters, starting with the final three rounds of The Players Championship and its $15 million purse.Masters chairman Fred Ridley said he hoped the decision puts Augusta National in the best position to host the event and two other amateur tourneys but did not indicate when the Masters could be played.The decision to delay the Masters is the latest big hit to the spring sports calendar caused by the COVID-19 oubreak, which has already caused the cancellation of March Madness and disrupted schedules across the NBA, NHL, Major League Baseball, tennis and soccer.NASCAR and IndyCar have decided to put their seasons on hold out of concern for the COVID-19 pandemic.NASCAR called off Sunday’s race at Atlanta Motor Speedway and next weekend’s events at Homestead-Miami Speedway, both of which were scheduled to run without spectators. Associated Press March 13, 2020 COLLEGE BASKETBALL-UNC WILMINGTONUNC Wilmington gets a hoop coachWILMINGTON, N.C. (AP) — UNC Wilmington has hired North Carolina State assistant coach Takayo Siddle as basketball coach.Siddle replaces C.B. McGrath, who was fired in January after compiling a 26-58 record midway through his third season.Siddle returns to a program where he spent three years as an assistant to Kevin Keatts, including serving as interim coach for the program when Keatts left to take over at N.C. State in March 2017. IndyCar was supposed to open Sunday in St. Peterburg until circuit officials elected to suspend its season through the end of April.Among other virus-related developments in sports:— Major League Baseball is encouraging players to go home a day after canceling spring training and postponing opening day by at least two weeks. Ballparks in Florida and Arizona were locked down as the sport considered how to proceed amid a virust outbreak that has brought the U.S. sports schedule to a standstill. Teams speculated the season might not start until sometime in May, necessitating a reduced schedule.— NHL Players’ Association chief Don Fehr (feer) tells The Associated Press that he expects teams will be cleared to open their training facilities to allow player workouts as early as next week. Commissioner Gary Bettman says players and staff have been told to stay away from the rink and self-isolate while the league is on a hiatus of uncertain length. The additional time off over the weekend would also provide teams to cleanse their facilities.— Bettman said Friday he was not aware of any player or NHL employee testing positive for the new coronavirus, but he can’t say for certain that no one is feeling ill or awaiting test results. — The NCAA will extend the eligibility of athletes on spring sports teams one year to make up for the season lost to the new coronavirus. The decision comes after the NCAA announced Thursday that its winter and spring championships would be canceled as a precaution against the spread of the new coronavirus. An athletics official at an East Coast school told The Associated Press that the NCAA Division I Council Coordination Committee sent an email notifying schools of the eligibility decision.— The NFL is ending in-person visits between teams and draft prospects because of concerns over the coronavirus outbreak. The league sent a memo to all 32 clubs on Friday afternoon saying the ban would go into effect until further notice at the end of the business day. The NFL draft is currently scheduled to begin on April 23 in Las Vegas.— Boston Marathon organizers are postponing the prestigious race until Sept. 14 because of concerns over the coronavirus pandemic. The April 20 race was expected to draw 31,000 runners and about 1 million spectators. Similarly, the London Marathon scheduled for April 26 has been postponed to Oct. 4.— The Swiss hockey league has decided to cancel the season, leaving the circuit without a champion for the first time since 1940. Games were suspended two weeks ago when the Swiss federal government prohibited large public events.— The English Premier League and the Champions League are both suspended. Matches in England will be stopped until at least April 3 after five Premier League clubs said some players or staff were in self-isolation. Arsenal manager Mikel Arteta has tested positive for the virus, as has Chelsea winger Callum Hudson-Odoi. Update on the latest sports — The German soccer league has suspended its season, dropping a plan to play this weekend in empty stadiums. The league board says there is an increasing number of suspected coronavirus cases affecting German clubs. Three second-division players have tested positive for the virus.— The Greek Olympic committee has suspended the rest of its torch relay because of the “unexpectedly large crowd” that gathered to watch despite repeated requests for the public to stay away to prevent the spread of the coronavirus. The committee said a large crowd had gathered to watch the flame for the Tokyo Olympics pass through the southern Greek town of Sparta. The flame was lit yesterday at the birthplace of the games in Ancient Olympia in a pared-down ceremony.NFL-NEWSRoster moves in NFL as free agency nearsUNDATED (AP) — It was business as usual for the NFL as teams pare down rosters and designate franchise tags before the free-agent signing period begins Wednesday: Siddle was part of Colonial Athletic Association Tournament championship teams that went on to the NCAA Tournament.TRACK-SEMENYA-OLYMPICSSemenya says she’s eyeing 200m competition in TokyoUNDATED (AP) — Track star Caster Semenya is continuing her attempt to compete in the Tokyo Olympics by trying another event.Semenya has announced on her Instagram account that she plans to compete in the 200 meters. — The Chargers have announced they have put the non-exclusive franchise tag on tight end Hunter Henry. General manager Tom Telesco said during the NFL scouting combine that the team was considering tagging Henry but is still hoping to sign him to a long-term extension. The team also released linebacker Thomas Davis Sr. and defensive tackle Brandon Mebane, who were team captains.NBA-MAVERICKS-BRUNSONBrunson has surgery with season on holdDALLAS (AP) — Dallas Mavericks guard Jalen Brunson has gone ahead with surgery for a right shoulder injury that had sidelined him for three weeks. The surgery was performed with the NBA season on hold due to the pandemic.Brunson was injured in the first quarter of a 111-107 loss at Atlanta on Feb. 22. He was averaging 8.2 points and 3.3 assists, starting 16 of his 57 games. Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSNo rite of spring for golf: Masters postponed due to virusUNDATED (AP) — The sports landscape continues to shrink following decisions from the golf and auto racing world. The Olympic 800-meter champion is barred from defending her title due to the world track and field body’s highly criticized testosterone regulations. Semenya and other female athletes with high natural testosterone are barred from races from 400 meters to one mile at top-level meets like the Olympics and world championships unless they undergo treatment to reduce their hormone levels for six months prior to running.Semenya has refused to do so, calling the rules and the medical intervention required unfair and unethical.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6
More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 The Latest: Pope Francis promotes charity auction in Italy June 4, 2020 The “We Run Together” auction includes a personalized bicycle given to Francis by world champion Peter Sagan, a team jersey and captain’s armband signed by former Roma forward Francesco Totti and a swim suit and hat from Olympic champion Federica Pellegrini.There are also experiences such as training sessions and dinners with various athletes.Francis says “the true values of sport are particularly important to face this period of pandemic and especially the difficult restart.”The auctions will take place on the site Charitystars.com starting Monday for two months. There will be a new one every week and each auction will last 10 days.All funds raised will go to the Papa Giovanni XXIII hospital in Bergamo and Fondazione Poliambulanza in Brescia. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Pope Francis is promoting a charity auction of sports items and experiences in support of two of the hospitals hardest hit by the coronavirus pandemic in Italy. ___German soccer club Schalke has apologized to fans for asking them to justify their refunds for games played in empty stadiums because of the coronavirus pandemic.Schalke had asked for evidence of financial hardship if fans wanted tickets refunded this year rather than waiting until 2022.Schalke says it used “impersonal formulations lacking empathy” and fans will no longer be asked to submit documentary evidence of their personal finances. But the club says the approach was legal under German law.The Bundesliga was suspended in March because of the coronavirus outbreak and spectators have not been allowed to attend any of the games since the league restarted on May 16. The Swiss soccer federation now says Basel’s Swiss Cup quarterfinal match against Lausanne Sport will be played without fans on June 14 instead of the Aug. 5-6 dates for the other quarterfinal matches.Basel is scheduled to resume play in the Europa League in early August. It holds a 3-0 lead over Eintracht Frankfurt from the first leg of the round of 16.Basel also faces a potential clash with this season’s Europa League possibly overlapping with next season’s preliminary rounds.Basel is currently in third place in the Swiss league and the third-place team should enter the Europa League qualifying rounds in late July or early August.___ Associated Press Schalke has been hit hard financially by the pandemic. Executive board member Alexander Jobst said in March the club faced an existential threat.The team has also struggled on the field and hasn’t won a league game since January.___The Swiss soccer league will restart several days earlier than planned to help Europa League contender Basel cope with a backlog of matches in August.The restart amid the coronavirus pandemic was set for June 19-21 in the top two divisions.