COVID-19: Govt reminds businesses that Idul Fitri bonuses are ‘mandatory’

first_imgRead also: COVID-19: Jokowi considers adjusting Idul Fitri break, orders regions to be obedientHe added that the government would expand fiscal stimulus eligibility beyond the manufacturing sector. “We will support more business sectors, not just manufacturing, but others that have been affected, such as tourism and transportation,” he said.The government has said the country’s economy may grow 2.3 percent this year, significantly slower than the 5.3 predicted by the 2020 state budget. In the government’s worst-case scenario, the economy could contract by 0.4 percent. The World Bank has also slashed its projection of Indonesia’s economic growth to a baseline of 2.1 percent if the situation starts to normalize by June. (aly)Topics : Coordinating Economic Minister Airlangga Hartarto has reminded businesses that they are obligated pay out Idul Fitri holiday bonuses (THR) to employees despite the economic pressures brought about by the COVID-19 pandemic.“President Joko ‘Jokowi’ Widodo has discussed the business sector’s readiness to pay THR [Idul Fitri bonuses], and [we remind] the private sector that paying out THR is mandatory,” Airlangga said during a virtual press briefing following a Cabinet meeting at the Bogor Presidential Palace in West Java on Thursday, as quoted by Antara News Agency.Airlangga said that the government had allocated Rp 405.1 trillion (US$ 25.1 billion) to fight COVID-19, as stipulated by Government Regulation in lieu of law (Perppu) No.1/2020 on state financial policy and financial system stability for handling COVID-19.last_img read more

Aly Cissokho returns to Aston Villa after loan spell with Porto

first_img Leandro Bacuna, a right-back, played on the left in Sunday’s 2-0 defeat to Arsenal which left Villa eight points from safety with Kieran Richardson failing to impress while deputising for Amavi. Former Liverpool loanee Cissokho, 28, has made 27 appearances since signing from Valencia under Paul Lambert in 2014 but he has made just two league appearances for Porto this term. He initially joined Porto on a season-long loan deal in August. Press Association Aston Villa have recalled Aly Cissokho from his loan spell at Porto, the Portuguese club have confirmed on their official website.center_img The left-back will return to Villa, although he cannot play until January, with Jordan Amavi out for the season with a serious knee injury. Cissokho played under boss Remi Garde at Lyon and the 49-year-old has opted to bring him back with Villa bottom of the Barclays Premier League. last_img read more

Alex Nwora Appointed As New D’Tigers Coach

first_imgNigerian-American, Alex Nwora has been named as the new head coach of the senior men’s basketball team, D’Tigers team ahead of their 2017 Men Afrobasket tournament title defence.This was made known on Wednesday by the President of the Nigeria Basketball Federation, Engineer Musa Kida ahead of the Senior Men’s national team’s exercise expected to commence on Friday, 12th, 2017.According to Kida, the decision to appoint Nwora who guided Cape Verde to the 2013 Afrobasket where they defeated D’Tigers by 79 points to 76 was borne out of the desire to give qualified Nigerians the opportunity of making history with the national teams.“We started this project with the D’Tigress with the appointment of Sam Vincent, Mfon Udoka, Peter Ahmedu and Okworogun Ochuko. There is no point giving out national team jobs to expatriates when we have Nigerians all over the world who are duly qualified to get the job done.”He enjoined all Nigerians to support Nwora who is no stranger to the African basketball scene where he coached Cape Verde from 2009 to 2013.Nwora will be assisted by Kwara Falcons head coach, Aderemi Adewunmi and Gombe Bulls Abdulrahman Mohammed who have both guided their teams to the top of the Atlantic and Savannah Conferences of the NBBF organized basketball league.Relatedlast_img read more

Ladbrokes Coral rejects the idea that trainers get preferential prices

first_img Responding to the case that led to British trainer David Evans receiving a £3,000 fine from the British Horseracing Authority (BHA), Ladbrokes Coral has affirmed its consistency between prices offered to trainers and other customers. It comes after it was revealed that Evans placed a bet of £6,000 on his horse Black Dave at 4/1, whilst many bookmakers had the Evan’s trained seven year old priced up at 7/2. Speaking after Evans was handed what he himself described as a ‘very lenient’ punishment by the BHA, Ladbrokes Coral’s PR Director Simon Clare outlined that “this incident pre-dated the Ladbrokes Coral merger, so it’s difficult to comment on the specifics.”Clare did however go onto state: “The current Ladbrokes Coral trading policy is very clear on this issue as we will only lay licensed trainers prices that are readily available to our other customers at that time. We’ll also never knowingly shorten the price of a suspected non-runner to benefit from an improved rule 4 deduction.“In fact, Ladbrokes Coral has recently been proactive in working with the BHA to achieve a process whereby non-runners are notified and removed from markets more quickly, so that the whole non-runner process is more efficient and transparent for both bookmakers and customers.”Prior to deciding whether to release a comment on the case, The BHA will analyse the findings of the disciplinary panel. However, its code of conduct does state that trainers should “ensure relationships with betting organisations, or any person representing a betting organisation, do not confer special privileges or concessions which may invite adverse inferences to be drawn.”Ladbrokes Coral also emphasised that it wouldn’t shorten the price of a horse that it has prior knowledge will be pulled out, in order to manipulate any potential impact of a pending rule 4. StumbleUpon FSB selects Glenn Elliott as new COO August 12, 2020 Share Related Articles UK Racing pushes for drastic levy reforms as deep recession looms August 25, 2020 GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Share Submitlast_img read more