Value of assets seized in Jiwasraya case exceed the Rp 16.81 trillion state losses

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first_imgThe assets seized from the defendants range from cash, mutual funds, land to apartment units – all collected by investigators since the beginning of their probe on Dec. 17, assistant attorney general for general crimes Ali Mukartono said.Ali said the total value of the seized assets had exceeded the Rp 16.81 trillion in state losses incurred by Jiwasraya’s investment mismanagement as audited by the Supreme Audit Agency (BPK) from 2008 to 2018.“We are trying our best to restore state losses caused by the [investment] mismanagement,” Ali said during a hearing with the House of Representatives Commission III overseeing legal affairs on Thursday.Indonesian Democratic Party of Struggle (PDI-P) lawmaker Trimedya Panjaitan applauded what he called progress in the AGO’s investigation. Topics : The Attorney General’s Office (AGO) has seized Rp 18.5 trillion (US$ 1.32 million) in assets from six defendants standing trial in the PT Asuransi Jiwasraya corruption and money laundering case. The defendants include former Jiwasraya president director Hendrisman Rahim and two other former Jiwasraya executives – who are all accused of mismanaging premium revenue from the JS Saving Plan, one of Jiwasraya’s insurance products, by investing it in multiple assets. Three other defendants are executives of three different companies, including a publicly listed property firm, who are accused of manipulating Jiwasraya’s investment for personal gain.The alleged investment mismanagement resulted in the company’s failure to pay out Rp 16 trillion in matured policies due in February to its policyholders.center_img The AGO named last week 13 new suspects in the case — all investment management companies — for allegedly helping the six defendants launder the premium revenue collected by Jiwasraya from 2014 to 2018.It has also named a Financial Services Authority (OJK) official, identified as FH, a suspect in the case. He is suspected of abuse of power, which is believed to have paved the way for Jiwasraya’s investment mismanagement during FH’s tenure as OJK department head of capital market monitoring from 2014 to 2017.Trimedya, however, suggested that the AGO also examine the liquidity of the assets so that it could easily convert them into cash to restore state losses.“Imagine if some of the land has been used by the defendants as collateral to get loans from banks. It would be really hard to convert them into cash,” he said.NasDem Party lawmaker Taufik Basari said the AGO should not only try to restore the state losses but also find a way to return all premiums that had been paid by JS Saving Plan policyholders.last_img read more

Indonesian businesses ramp up cybersecurity budget amid rampant attacks

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first_imgIndonesian companies plan to increase their cybersecurity budget this year amid the high number of cyberattacks during the pandemic, signalling a growing awareness and commitment in digital safety, a survey by a cybersecurity company shows.US-based Palo Alto Networks stated that, based on the firm’s survey in February, around 84 percent of Indonesian companies planned to raise their IT budget this year, 44 percent of which would allocate more than half of their IT budget to cybersecurity investment.The number of companies in Indonesia committed to increasing the IT budget is higher than the ASEAN average of 73 percent. In May, three Indonesian e-commerce platforms, including Tokopedia, reportedly experienced data breaches in which their customers’ details were stolen, which were then sold on the dark web.A report by American tech company Microsoft, titled Security Endpoint Threat Report 2019, stated that developing countries, including Indonesia, were most vulnerable to malware and ransomware threats in 2019.Read also: IBM advises tighter cybersecurity in new remote work eraIn line with the finding, the survey revealed that most of the companies considered having antimalware and antivirus software as the most important cybersecurity tools.“Companies are overwhelmed by the complexity of multiple security tools. They need a single platform that can give them integrated protection from cyberattacks,” he said. “But as Indonesian companies increase their cybersecurity investment, there is a willingness to fix this and become more confident.”However, despite efforts to enhance their security, 44 percent of Indonesian companies still lack confidence in their cybersecurity investments.Surung said the reason for the lack of confidence was that companies were doubtful in their employees’ cybersecurity awareness, or the fact that their security infrastructure was outdated as well as a lack of end-to-end protection.Palo Alto Network’s survey also showed that companies considered digital payment and e-commerce platforms as the top window for attackers to take advantage of. The reason was both platforms contained much financial data that hackers could immediately use for personal gain, Surung added.According to Bank Indonesia, electronic transactions increased to Rp 15 trillion (US$1 billion) in May compared to Rp 12.8 trillion in the same period last year. Meanwhile, the central bank recorded e-commerce transactions growing 26 percent during the pandemic.Surung stated that 39 percent of companies were most concerned about losing their external data such as user information, while 37 percent were worried about internal data loss such as employees’ personal data.E-commerce platform Blibli.com senior manager of information security Ricky Setiadi told The Jakarta Post on July 17 that malware and phishing attacks were some of the main threats Blibli continuously took precautions for, as both were potential entrance points for further data breaches.“The COVID-19 pandemic has given rise to cybersecurity risk profiles that diverge from those seen during normal conditions,” he said. “Therefore, we have adapted our budgets to conduct the necessary system and protocol upgrades to address the shift in risk profiles and maintain the integrity of our security systems.”Similarly, e-wallet provider LinkAja chief technology officer Arman Hazairin said in an e-mail on July 16 that the company also experienced increased transactions during the pandemic, which led to added supervising and preventive measures to increase cybersecurity.“This means allocating more resources, including funds, people and time, for cybersecurity,” he said.While e-wallet platform DANA refused to comment on its cybersecurity budget, the company’s communication vice president Steve Saerang said that it was already equipped with an artificial intelligence-based risk engine to analyze unusual transactions and biometric verification as fraud prevention measures.Topics : “Almost all companies in the country have put cybersecurity as their business enabler in this digital era,” said Palo Alto Networks Indonesia country manager Surung Sinamo in a press briefing on July 15. “This shows that we are moving on the right track in terms of digital safety awareness.”He went on to say that the top reasons these companies increased their budget were to tackle the growing number of sophisticated cyberattacks, upgrade their existing security framework and keep up with competitors.“Attackers are now using artificial intelligence, so it is important for businesses to start relying on automation such as machine learning for security,” he said, adding that one of Palo Alto Network’s banking clients had seen a 200 percent increase in cyberattacks during COVID-19 compared to usual.Indonesia recorded more than 88 million cyberattacks during the first four months of the year, with more than half of the cyberattacks being malware and phishing scams, according to the National Cyber and Encryption Agency (BSSN).last_img read more

Sheffield United 1-0 Arsenal: Lys Mousset strikes from close-range to down Gunners

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first_imgAdvertisement Lys Mousset struck from close-range (Picture: Getty)Sheffield United claimed their biggest scalp yet on their return to the Premier League after a spirited display against Arsenal at Bramall Lane.Lys Mousset, making his first start for the club since joining from Bournemouth, struck from close-range on the half-hour mark in what proved to be the only goal of the game.The Blades started on the front foot and tested Arsenal’s back four with a new look front line that contained Mousset and David McGoldrick for the first time this season.Chris Wilder has been delighted with his side’s defensive displays so far this term but he’s admitted work needs to be done in attack, where they’d managed just eight goals in eight games before tonight’s clash.AdvertisementAdvertisementADVERTISEMENTBut they grabbed their ninth when Mousset tapped in from Jack O’Connell’s knockdown from a corner after 30 minutes in Yorkshire. Emery’s side were well below-par (Picture: Getty)It was a deserved lead for the Blades and it highlighted Arsenal’s ongoing weakness from set pieces as Mousset found himself unmarked just three yards out.Unai Emery again overlooked Mesut Ozil, who was not part of Arsenal’s 18-man matchday squad for the fourth match running.A midfield three of Joe Willock, Granit Xhaka and Matteo Guendouzi produced little in the first half but Nicolas Pepe – the Gunners’ brightest spark – missed a sitter to put his side ahead when he failed to connect with a blazed cross across the box.Dani Ceballos was introduced at half-time and Arsenal lifted the intensity, even if clear chances were proving hard to come by. Comment Sheffield United 1-0 Arsenal: Lys Mousset strikes from close-range to down Gunnerscenter_img It was a frustrating night for Arsenal (Picture: Getty)But as Arsenal streamed forward, United found space on the counter-attack and the hosts twice went close through John Fleck.The Gunners had around 75% possession after the restart but openings were scarce against a resolute and compact United defence.A win would have put Arsenal into third but once again supporters will be questioning the direction Emery is taking the club.MORE: Patrice Evra confirms ‘important talks’ with Manchester United over role at the club Sean KearnsMonday 21 Oct 2019 10:01 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link268Shares Advertisementlast_img read more

Wärtsilä to Carry Out World’s 1st Hybrid Retrofit for Short Sea Vessel

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first_imgIn December 2018, Finnish technology company Wärtsilä inked an agreement with Norwegian shipping company Hagland Shipping AS for a hybrid retrofit installation onboard Hagland Captain, a general cargo vessel. As informed, it will be the first project of its kind ever in short sea shipping applications.The installation of a Wärtsilä battery hybrid propulsion solution is expected to significantly enhance the ship’s environmental performance by reducing its emissions, fuel consumption, and noise.According to the company, included in the solution are a shore power connection to provide power for loading/unloading operations and for battery charging, a new reduction gear with power take-off (PTO) and power take-in (PTI) technology, and a Wärtsilä NOx Reducer (NOR).It is estimated that the total reduction in nitrogen oxide (NOx) emissions after the retrofit could be as much as 80 to 90 percent, while overall fuel cost savings are expected to be in the range of 5 to 10 percent.In addition, the battery capacity will be sufficient to sail in and out of harbor on electric power for approximately 30 minutes, which will effectively reduce noise and pollution levels in the vicinity of the harbor.The project is in response to a collaborative agreement between Hagland Shipping and NOAH AS, the Norwegian environment and resource company, whereby the shipping of materials to the island of Langøya in Norway is required to be via environmentally sound vessels. Non-profit NGO, Bellona, has also given its input to the project concept.“We believe our mutual project will have a considerable impact in the market and will further the environmental drive towards sustainable solutions in short sea shipping,” Oivind Wendelboe Aanensen, COO, Hagland Shipping AS, commented.“Environmental considerations are increasingly important for fleet owners around the world. The need for the latest smart marine technologies has been seen for some time already in deep sea shipping, and this project is evidence that the need also exists in short sea transportation,” Paul Kohle, Director, Sales & Sales Support, Asset Management Services, Wärtsilä Marine, said.“Wärtsilä is responding to these developments with its Smart Marine Ecosystem approach, which through the use of high levels of digitalisation and connectivity, is creating greater efficiencies, increased safety, and more sustainable solutions,” Kohle added.The company’s hybrid solutions are based on a ‘first-of-its-kind’ fully integrated hybrid power module which combines engines, an energy storage system using batteries, and power electronics optimized to work together through a newly developed energy management system (EMS).Image Courtesy: Hagland Shipping AS. An impression of how the ‘Hagland Captain’ will look after the retrofit.last_img read more

Area Girls Track State Finals Results

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first_imgCongratulations to our area Girls who participated in The Girls Track State Finals at IU.The 4 × 400 Relay team of Abigail Bittner, Emma Fey, Taylor Messmore, Robyn Shumate of East Central placed in The Top 10 at 10th.The 4 × 800 Relay team of  Abigail Bittner, Emma Fey, Lily Greiwe, Lauren Greiwe of East Central finished 14th.Aleigh Thomas of Switzerland County was 21st and Arieaunn of Greensburg was tied for 23rd in The High Jump.Lily Grimes of Greensburg placed 15th in The Shot Put.Taylor Cole of Southwestern finished 22nd in The 400 Dash.2017 Girls Track State ResultsCourtesy of the IHSAA.last_img

Euphrasia shock in Blue Wind

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first_imgPrincess Highway’s quest to win back-to-back renewals of the Irish Stallion Farms EBF Blue Wind Stakes was derailed by 33-1 chance Euphrasia. Last season’s Ribblesdale Stakes heroine was sent on her way the 8-13 favourite for the Group Three prize, and all looked to be going to plan as she tracked the front-running Euphrasia into the straight. Pat Smullen’s mount was well poised inside the final quarter of a mile, but did not find as much as trainer Dermot Weld would have hoped as the winner, trained by Joe Murphy and ridden by Gary Carroll, stretched two lengths clear, with La Collina getting up for second close home. Press Associationcenter_img Carroll said: “We were hoping to get some black type. I gave her a squeeze and she galloped all the way to the line.” Murphy said: “She’s a filly we always believed in, and that’s why we had her in this calibre of race. “It looks like stamina is her forte. She’s as honest as the day’s long and this filly is getting better all the time. “The world is now our oyster. There’s a mile-two race in the Curragh on Guineas weekend. I’m not sure if it’s closed or not, but that might be for her.” last_img read more

Wenger makes case for the defence

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first_img Wenger has Laurent Koscielny, Per Mertesacker, Calum Chambers and Gabriel as central defensive options and he is not in the market for another defender. “Four is enough,” Wenger said. Press Association “But if they start to lose games you will question ‘Are they not too naive?’. But when they win you don’t question it of course. “You cannot play 38 games in the same convincing style. You need to have a balance in your team so that if you are not at a level of fluency you can still win the game. “Then most of the time it is the individual talent of the players. “You have to accept that at some level – unfortunately – the game becomes an individual sport.” One of the games when the Gunners’ defensive failings were exposed this season was at Swansea on November 9, when Jefferson Montero gave Chambers, operating at right-back, a torrid time. The then 19-year-old had made an impressive start to the season after a summer switch from Southampton and been rewarded with his first three England appearances. Wenger believes the Swansea performance proved he was right to be cautious about the England call-up. “It was a bit early,” Wenger said. “You remember the fact that he had a difficult time at Swansea. “Now imagine that happens to him with England in a big game. It’s terrible afterwards. You carry that with you your whole life. “You have to be equipped to deal with that kind of pressure. “It was not unhelpful. It shows him that if you do well then you are rewarded but he was not completely there experience-wise to deal with that.” Wenger says Chambers has developed since the Swansea performance, although he has been in and out of the starting XI. “He had some difficult games, but that’s part of gaining experience and the learning process. Everybody goes through that,” Wenger added. “When they come out of it, they are stronger. He analyses well what happens and I think he will learn and come out stronger.” Wenger seems to take some responsibility for Chambers’ Swansea performance, as he knows the 20-year-old is not a right-back. “I want to develop him more as a centre back – even a central midfielder,” the Frenchman added. “He’s a tall guy, he played against a small guy (Montero), very tricky, very quick and it was a confrontation of styles as well. “On the flank, today you need more pace, more change of direction, more agility and he has the stamina, the power and the quality to be a central midfielder or a central defender.” “(Mathieu) Debuchy can play there, (Nacho) Monreal can play there, so you can say we are not out to buy a central defender. “And Gabriel will be a great central defender, believe me.” Arsenal have won nine of their games in an unbeaten 10-match run ahead of Monday’s clash with Swansea. The exception was a goalless draw with champions Chelsea, whose approach became more pragmatic as they neared the title. Wenger insists Arsenal’s attractive style can deliver a first title since 2003/04, but knows his side must show more steel and win when not at their best. “We can win (the title), of course we can win,” Wenger added. “We have done it before. Manchester United have done it. Plenty of teams have done it. “It is how well you play, the kind of game you play. For example, you don’t question Barcelona about the way they play football. Arsene Wenger believes he has solved Arsenal’s soft defensive core and that the Gunners can win the Premier League title playing free-flowing football. last_img read more

McClaren wants five new faces

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first_imgNewcastle boss Steve McClaren is hoping for up to five key signings as the club targets players in the £10million-plus bracket. The Magpies have been engaged in talks over the likes of PSV Eindhoven midfielder Georginio Wijnaldum and QPR striker Charlie Austin, among others, in recent weeks with that calibre of player commanding valuations around the £15million mark. They are yet to make a decisive breakthrough in the wake of owner Mike Ashley’s promise to launch a concerted recruitment drive and an attempt to win a trophy after last season’s demoralising fight for Barclays Premier League survival. “When you go above that and look for a calibre of player to improve what we’ve got and to achieve our objectives – which we know, and thank goodness we know them – that makes a huge difference. “The objectives have been set and we have to fulfil them, and that’s what we are doing, so when you go £10million-plus – and there is a lot of speculation about that level of player at the moment – they are Europa League and Champions League players at top clubs. “There aren’t so many players in that bracket, so the competition is higher. It is more difficult to recognise their availability and get things done.” Managing director Lee Charnley is the man tasked with striking the deals, and he has come under pressure from fans frustrated by an apparent lack of progress, although McClaren insists he remains relaxed as he plans not just for the current transfer window, but the next three. He said: “We have talked a lot about the next three windows being huge, massive, for us. Huge. Let’s make sure we get the right ones. “If we get them, then in a year’s time – after the third window – we should have a damn good team and squad on a different level to where we are now. That is purely because we are looking at players above a certain bracket.” However, McClaren remains confident that the club is firmly in the race to land key targets, and that Newcastle are shopping in a different market to the one in which they have done their business in recent seasons. Asked if the target was to make several £10million-plus signings by the end of August, he said: “That would be nice. “Yes, I think the targets we have talked about and the positions to improve, we are talking about one, two, three, four, five….they don’t all have to be top ones. “We have to make sure not just the team is right, but the squad is right. There is a willingness from the club to do that, but there is not a panic in a business sense to do it.” Newcastle have concentrated for much of Ashley’s tenure to date on the continental market with France a particular focus, and while that has paid dividends in the past, more recent forays have yielded less than satisfactory results. The club will continue to exploit chief scout Graham Carr’s knowledge and expertise in Europe, but the move out of the bargain basement to more salubrious surroundings presents its own challenges. McClaren said: “We’re close. We are working very hard behind the scenes. “When you buy players for up to £5million, there are loads of them and in that respect, Newcastle would be top of the tree. When it’s £5-10million, there are still a lot of them and we would be right up there competing with that group – and there are a lot of players in that group. Press Associationlast_img read more

Roger Willey 5K scheduled for Saturday

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first_imgELLSWORTH — This year’s edition of the Roger Willey 5K is scheduled to be held Saturday, Sept. 22.Registration for the race will begin at 7 a.m. at the Down East Family YMCA gymnasium with the race itself beginning at 8. The cost to enter is $20, and the first 75 registrants will receive a complimentary hat.Former Ellsworth American reporter David Roza won the 2016 and 2017 editions of the 5K race. Evan Merchant of Beals was the runner-up last year, and Seth Young of Ellsworth took second two years ago.The race will also feature a 10K division. Louie Luchini won the 10K last year with a time of 33 minutes, 41 seconds.This is placeholder textThis is placeholder textFor more information, contact DEFY Fitness Director Robin Clarke via email at RClarke@DEFYMCA.org or via phone at 667-3086.last_img read more

The Latest: USA BMX resuming racing next month

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first_img May 13, 2020 The casino will operate at 33% capacity, staff and visitors will have their temperatures checked upon entry and must wear masks, and guests must show ID in case contact tracing is needed.Inside the casino, gamblers will be limited to every other slot machine, there will be no more than three players per blackjack table, craps will be limited to three players per side of each table, and live roulette won’t be open.Oaklawn’s racing season ended May 2 without spectators because of the coronavirus pandemic.___Rutgers is doing away with paper tickets to sports events in response to the COVID-19 pandemic. The Latest: USA BMX resuming racing next month Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___USA BMX is restarting racing next month at its headquarters in Tulsa, Oklahoma. The cycling organization said the first major event for the sport since early March will take place June 5-7 using protocols established under Oklahoma’s reopening guidelines. In addition to heightened sanitation practices, race organizers will allow for extra space between riders in the starting chutes and will ask participants to leave the finish-line area directly after races.___Albania’s soccer federation says league and other matches will resume in June but without fans in the stadiums, and the matches will follow a strict medical protocol.Play has been suspended since mid-March following the country’s total lockdown due to the coronavirus outbreak. The federation said Wednesday that 10 league matches and five Republic Cup matches will be staged from June 3 to July 29. The Albanian Cup final will be held Aug. 2.The federation says holding the matches will follow the strict sanitary protocol it earlier drafted in consultation with UEFA and FIFA.___Oaklawn plans to reopen its casino next to the racetrack in Hot Springs, Arkansas, on Monday.General manager Wayne Smith says state and health officials have given the go-ahead to do so with new health and hygiene protocols in place. The league was stopped with Porto leading Benfica by one point with 10 rounds to go.___The players at French rugby club Toulouse have offered to take a pay cut amid the coronavirus pandemic.The players at the 20-time French champions say they told club president Bernard Lemaitre they are willing to accept “a significant decrease” in earnings. They did not give any figures regarding the amount of the proposed decrease.Lemaitre praised his players for their “spontaneous and unanimous” offer amid challenging economic times. The State University of New Jersey announced Wednesday that mobile-only ticketing to sports events will start this fall with the football season.Rutgers said the new policy would enable contact-free entry into all venues and offer greater convenience and safety. The Big Ten Conference member said fans can access their ticket accounts through the Scarlet Knights’ app supported on Apple and Android devices.The policy would cover football tickets and parking passes, men’s basketball tickets, parking and hospitality, women’s basketball, men’s lacrosse tickets, and wrestling tickets. Rutgers also said fans will have the ability to transfer tickets electronically.The university will work with ticket holders at events should either their cell phone run out of power or they don’t have one. He says it “further reinforces our motivation and our desire to meet the challenges of tomorrow.”The French league was canceled after the government called it off late last month. The semifinals of the Top 14 league will not be played.___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 Players from Spanish soccer club Elche have not practiced as a protest against reduced salaries.The players for the second-division club were supposed to practice at the team’s stadium but decided to keep training at home to show their discontentment with the team’s decision not to lift the furloughs that had been put in place because of the coronavirus pandemic.Players want to resume earning full salaries now that they are back to training.The players practiced normally on Tuesday. The club says it is negotiating with them.The club used government furloughs to reduce its labor costs during the pandemic. Players had their salaries and working hours reduced by 70%. ___The Italian soccer league is hoping to resume competition on June 13.The date was agreed to during a video conference with all 20 Serie A clubs. It is subject to approval by the Italian government.Full team training will restart on May 18 after a revised medical protocol was approved. The clubs have already resumed training on an individual basis.There are 12 rounds remaining in Serie A along with four matches that were postponed from the 25th round. The Italian Cup is in the semifinal stage. ___Beach volleyball teams will have an extra year to qualify for the Tokyo Olympics.The system will otherwise remain the same.Most teams qualify by earning points on the international tour. The deadline for Tokyo had been this June but now it will be June 13, 2021. Additional spots in the Olympic tournament will be decided at continental tournaments that will be held until June 27 of next year.The FIVB world tour is currently on hold because of the coronavirus pandemic. ___Ferrari says it has developed a ventilator for hospitals dealing with the coronavirus pandemic.The Formula One team says it created a device that is easy to use and assemble in conjunction with the Italian Institute of Technology. Ferrari says it was designed in only five weeks and can be produced using easily available materials at a lower cost than normal ventilators.The ventilator has been designed to meet the typical demands of medium intensive care and the technical specifications are available as an open source project.___ Associated Press Elche was sixth in the 22-team second-division standings when the competition was suspended after 31 matches.___The Portuguese soccer league says it will delay its restart until June 4.The league was expected to resume at the end of May but will wait another week so there is time to “rigorously inspect stadiums and conduct medical tests on all professionals involved” in the matches.The league says it hopes to serve as an example of “good practices” for the rest of the Portuguese society during the coronavirus pandemic.last_img read more