SOEs Ministry starts processing Jiwasraya claim payments

first_img Jiwasraya has been in the spotlight following its failure to pay its customers’ matured policies worth Rp 16 trillion due to investment mismanagement, prompting the Attorney General’s Office (AGO) to launch a corruption investigation. The AGO has named six suspects, detained all of them, and suspended 800 securities accounts related to Jiwasraya.Read also: State capital injection last resort to rescue Jiwasraya: GovernmentCoordinator of the Jiwasraya Saving Plan Clients Forum, Rudhyanto, said the SOEs Ministry’s decision to prioritize life insurance policyholders was unfair to JS Saving Plan clients.“There should be no difference in treatment between the conventional product and saving plan policyholders,” Rudhyanto told The Jakarta Post on Monday. Despite the protest, the saving plan clients admitted that they could not do anything to help get their money back after the ailing insurer failed to pay the product’s claims, which fell due in 2018 and onward.“Jiwasraya has, from the start, failed to create a clear line of communication with us or the banks that helped it sell the product and it continues to do so,” Rudhyanto said. “Right now, we don’t know who we are supposed to be asking to get clear information on our payments.”Given the situation, he said JS Saving Plan policyholders could only hope that the ailing insurer would get their money back after it was mismanaged by Jiwasraya.In the meantime, the SOEs Ministry plans to sell some assets owned by the ailing insurer, including a shopping mall in South Jakarta, Cilandak Town Square (Citos) and a collection of mutual funds in an effort to pay clients’ claims.Read also: Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditorsThe ministry stressed that a state capital injection into Jiwasraya would be a last resort in the government’s effort to rescue the ailing insurance company as the ministry and the House of Representatives discuss several scenarios to save the insurer from bankruptcy and help it pay its policyholders’ claims.Arya Sinulingga, an aide to Minister Erick Thohir, said earlier this month that it would prioritize other SOEs to buy the assets. However, state-run firms that are interested would need to offer competitive prices as the ministry would not sell the assets below market price.He added that personal assets from those who allegedly took part in the Jiwasraya investment mismanagement case would not be available for sale unless there was a court ruling to that effect that could take two to three years.Previously, the AGO seized Rp 13.1 trillion worth of assets from six suspects in the alleged investment mismanagement case. Among the confiscated assets were jewelry, land certificates, vehicles, coal and gold mines.  Topics :center_img The State-Owned Enterprises (SOEs) Ministry is currently processing the payment of state-run insurer PT Asuransi Jiwasraya policyholders’ claims, a high-ranking official said.Deputy SOEs Minister Kartika “Tiko” Wirjoatmodjo said on Friday that the ministry was still waiting to confirm the total number of unpaid claims based on the Development Finance Comptroller’s (BPKP) audit figure. Afterward, the ministry would confirm the number with each policyholder so it could process the claims.“We will prioritize payments for conventional [life insurance] products because most of the policies are held by retirees,” Tiko said. The SOEs ministry is said to have set aside Rp 400 billion (US$24.4 million) to pay the claims, according to a kompas.com report.last_img read more

Leinster sink Warriors to go top

first_img But a Warriors try from only their second visit to the hosts’ 22 stung O’Connor’s side, who were made pay for some sloppy defending. Tommy Seymour tested the Leinster rearguard out wide before the Scottish outfit recycled swiftly for big centre Vernon to barge over to the right of the posts. Russell failed to convert this time. Leinster used their forwards to steady the ship, with the accurate Madigan knocking home two penalties to make it 16-10. The Irish province sensed a try before the interval and, after Ruddock went close from a maul effort and Eoin Reddan was stopped short, slick hands from Madigan and Zane Kirchner released winger Fanning for a simple finish in the right corner. Madigan’s conversion attempt fell narrowly wide to the left and the Warriors squeezed in a late three-pointer from Russell, who punished Jordi Murphy for going offside. Josh Strauss bulldozed his way through the Leinster defence to give Glasgow the first sniff of a try in the second half, and television match official Alan Rogan confirmed the grounding by Matawalu from a close-in ruck. Russell’s kick made it 22-21 to the visitors as they looked for a repeat of their 2011 win here. Again, though, Leinster’s durable forwards grew in influence as, following 12 power-packed phases of carrying in the Scots’ 22, Ruddock managed to stretch over in the right corner. Madigan topped off the try with a fine kick from the right and, although Glasgow responded with a late Russell penalty for a losing bonus point, Leinster wore down the clock with a strength-sapping 22 phases under Isaac Boss’ baton. Leinster moved to the top of the RaboDirect PRO12 standings on Saturday night by edging an absorbing six-try contest against play-off rivals Glasgow Warriors. Press Association Ian Madigan converted Rhys Ruddock’s 63rd-minute try and kicked 13 points in all as Matt O’Connor’s men took advantage of leaders Munster’s defeat at the Scarlets. Returning to the RDS, where they lost to Leinster in last year’s semi-finals, Glasgow gave their all in pursuit of only their second victory in 18 visits to Dublin. Madigan accumulated 11 points and Noel Reid and man-of-the-match Darragh Fanning broke through for tries as Leinster took a 21-15 lead into half-time. Glasgow showed their attacking capabilities, with two Richie Vernon tries and an injury-time penalty from Finn Russell making it a six-point difference. Niko Matawalu burrowed over from a ruck for the Warriors’ third try with Russell’s conversion putting them a point clear after 51 minutes. But Leinster’s pack eventually broke the Scots’ resistance, flanker Ruddock muscling over for the decisive seven-pointer on a wet night in the Irish capital. Both sides were forced into changes before kick-off, with the luckless Luke Fitzgerald replaced in the Leinster line-up by Sam Coghlan Murray and Ed Kalman taking Mike Cusack’s place in the Glasgow front row. Leinster hit the front in the sixth minute, Sean Cronin offloading out of a midfield tackle for Reid to dart into space and he broke Peter Murchie’s tackle to raid in beside the posts. Madigan converted but Glasgow were back level by the 12th minute as Vernon touched down after being fed by Ruaridh Jackson, who took advantage of Jack McGrath’s missed tackle. Russell’s successful kick tied things up at 7-7 before Leinster retook the lead by the end of the first quarter thanks to a Madigan penalty. last_img read more

Update on the latest in sports:

first_imgNgakoue announced his desire to play elsewhere via social media. It could force Jacksonville to place the franchise tag on the 24-year-old disgruntled defender and trade him.Ngakoue says “I’m thankful for the journey and look forward to continuing my career elsewhere.”Ngakoue has 37 1/2 sacks and 14 forced fumbles in four seasons.The speedy strip-sack specialist made the Pro Bowl in 2017 and had been seeking around $22 million a year to remain in Jacksonville.TOKYO-VIRUS OUTBREAK Associated Press Update on the latest in sports: Share This StoryFacebookTwitteremailPrintLinkedinRedditKNICKS PRESIDENTKnicks hire longtime player agent Leon Rose as presidentNEW YORK (AP) — The New York Knicks have hired Leon Rose as their president today, hoping the longtime player agent can be just as successful as an executive. Rose is taking over what has become one of the NBA’s worst franchises, headed toward its seventh straight season out of the playoffs. But teams such as Golden State and the Lakers have found success handing their basketball operations to an agent and the Knicks are hoping to do the same.Rose, the former co-head of the basketball division at CAA Sports, replaces Steve Mills, who was fired early last month.JAGUARS-NGAKOUEPass-rusher Ngakoue no longer wants to re-sign with JaguarsJACKSONVILLE, Fla. (AP) — Standout defensive end Yannick Ngakoue (yah-NEEK’ en-GAH’-kway) no longer wants to sign a long-term deal with the Jacksonville Jaguars.center_img What’s next for the Tokyo Olympics as virus spreads?TOKYO (AP) — The spreading virus from China has been reported in more than 60 countries and puts the Tokyo Olympics at risk.The Olympics are to open on July 24 — less than five months away.The Paralympics follow on Aug. 25. The head of Tokyo’s organizing committee is holding talks this week with the International Olympic Committee about the next steps.The torch relay in Japan is to start on March 26 and could see changes and restrictions. Key test events are also coming up this month and in April. March 2, 2020last_img read more

NFF Leadership Tussle: Supreme Court Sends Giwa’s Group Back to Federal…

first_imgBy Alex Enumah in AbujaT he Supreme Court on Friday declined to hear the appeal filed by a factional group of the Nigerian Football Federation (NFF), seeking the removal from office, the Amaju Pinnick-led executive.The group had approached the apex court to set aside the judgment of the Court of Appeal, Abuja, which recognized the Pinnick-led executive as the authentic leadership of the NFF.But delivering judgment on the appeal yesterday, the Supreme Court declined to sack the Pinnick-led executive and instead ordered that the suit be returned to the Federal High Court in Jos, Plateau State, where the matter originally started.The five man panel of the apex court in its judgment although, set aside the judgment of the Court of Appeal, it however declined to invoke section 22 of the Supreme Court Act, that empowers it to take over the case and decide it on merit.Chief Justice of Nigeria (CJN), Samuel Onnoghen, in the lead judgment read by Justice Ejembi Eko, held that a core condition among the four that needed to be present for it to take over such suit was absent in the appellants’ case.“The real issue raised up by the claim of the appellants at the lower court (the Court of Appeal) must be seen to be capable of being distilled from the grounds of appeal,” the CJN held.Consequently, the apex court then ordered that the suit “be remitted back to the trial court for expeditious hearing”.It however, made no pronouncement on the injunctive orders made against the Pinnick-led executive committee.It would be recalled that the appellants, Yahaya Adama and Obinna Ogba had on behalf of themselves and other members of their factional executive in their appeal, prayed the apex court to uphold the decision of the Federal High Court which ordered the relisting of the case.The appellants, who were plaintiffs in the main suit had asked the Federal High Court in Jos, to sack the Pinnick-led executive on grounds that their election was held in defiance to a court order. The court in its September 23, 2014 judgment sacked the Pinnick-led executive.However following mediation by former President GoodLuck Jonathan, the plaintiffs applied to withdraw the suit.Consequently, the suit was struck out and the previous injunctive orders made against the elections of Pinnick-led executive were also set aside.However, following a breakdown of talks among the parties, the plaintiffs subsequently applied for the re-listing of the case, and were obliged by the court.The court in granting the prayer also restored all the injunctive orders set aside while earlier striking out the suit. Not satisfied with the ruling of the Federal High Court, the defendants which include, the then outgone executive committee of the NFF represented by its President, Alhaji Aminu Maigari, and Musa Adamu, the Plateau State Football Association representing the football association in the 36 states of federation and the Federal Capital Territory, and the Minister of Sports, approached the appellate court to upturn the judgment of the lower court.The Court of Appeal in its judgment of July 25, 2016, however allowed the appeal and nullified the judgment of the Federal High Court.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Syracuse dominates Hobart defensively, retains Kraus-Simmons Trophy with 17-5 win

first_img Published on April 2, 2019 at 9:02 pm Contact Andrew: aegraham@syr.edu | @A_E_Graham GENEVA — Hobart and Syracuse’s strengths are inherently at odds.The firepower of the Statesmen’s lacrosse team lies in its No. 2 nationally ranked offense. The Orange’s core is their deep and experienced defensive unit.One had to prevail over the other and both coaches — Syracuse’s John Desko and Hobart’s Greg Raymond — knew it.“If you don’t understand that you’ve gotta beat some guys, your offense won’t click,” Raymond told The Daily Orange on Monday. “So we’ve got to find a happy medium there and make sure that we are understanding how to move that defense.”No. 20 Hobart (8-2, 2-0 Northeast) scored a season-low five goals in a 17-5 loss to No. 11 Syracuse (6-3, 1-2 Atlantic Coast) at Urick Stadium. Following three-straight comeback wins and, finally, too big a hole to overcome in a loss to Notre Dame on Saturday, Desko was flummoxed by his team’s seeming inability to start games as hot as it had been finishing them.AdvertisementThis is placeholder textBut three days removed from an 11-goal first-half blistering at the hands of the Irish, Syracuse held the second-highest scoring offense in college lacrosse to just five goals. As a result, the Orange hung onto the Kraus-Simmons Trophy for the sixth-straight year and captured Desko’s 250th career win.“Especially in the second half,” Desko said, “when we started to pull away, a lot of that had to do with Drake (Porter) and the defense.”Anna Henderson | Digital Design EditorSyracuse and Hobart played for the Kraus-Simmons Trophy 33 times prior to Tuesday, the Statesmen winning thrice — the only win at home came in 1986, the first year of the trophy. The Orange have held it since 2014. The chalice represents more than just central New York lacrosse bragging rights. It stands for Hobart’s position beneath Syracuse — the winner of 24 of the last 26 matchups between the two — in the echelons of college lacrosse.And on Tuesday, the Orange reaffirmed that. Syracuse dominated the Statesmen defensively, shutting out Hobart in the second half. Prior to Tuesday, the Statesmen scored at least one goal in every quarter played.“To come here and really dominate the game was very good for us,” attack Bradley Voigt said.On the first possession of the game, Hobart’s high-powered offense whipped the ball around. As SU’s defense morphed out of shape and shooting lanes widened, a skip pass flew across the Orange’s offensive zone into defender Nick Mellen’s stick, jumpstarting the offense. That possession turned into a Stephen Rehfuss goal 33 seconds later.Matched on attack Chris Aslanian, the Statesmen’s leading facilitator, Mellen smothered his mark. Aslanian came into Tuesday’s game with 26 assists and half as many goals. He finished with 26 assists and half as many goals. He was left moving side to side from the X, flipping passes to teammates outside the numbers.Locking off the source of so many assists forced Hobart’s other goal scorers to fare for themselves, hunting for space against SU’s close defenders and defensive midfielders. Even when attackers found a sliver of space, Porter nullified their efforts.A game removed from being benched in favor of Luke Strang following an 11-goal, six-save half against Notre Dame, Porter parried 16 total shots, including 10 in the first half. As the Hobart offense peppered Porter with shot after shot — 18 in the first quarter — he turned them away.“I honestly think the goalie got us thinking a little bit,” Raymond said. “And we got a little haywire with some of our possessions.”The defense that came out “flat-footed” over the weekend started hot and ended hotter on Tuesday. After forcing a turnover on Bradley Simas with the score freshly tied at five, the Orange pushed the ball ahead and took a 6-5 lead.The Statesmen didn’t score another goal, getting shut out for the final 37:44. All the while, Syracuse kept turning its defense into offense. Seven times, within a minute of a Hobart turnover, the Orange scored a goal. There was Mellen’s early takeaway kick-starting the break and Simas’s fumble in the offensive zone, tied at five.Voigt rubbed Hobart’s nose in it with less than 10 minutes to play. After turning it over to Sam Lucchesi, the Statesmen’s goalie, Voigt stuck his stick up in the air. Lucchesi’s attempted clear went right into the head of Voigt’s stick.Standing on the edge of the crease, suddenly in possession, Voigt calmly wrapped his stick around the left side of his neck and poked in a behind-the-back shot. At that point, the remaining smattering of Hobart fans trudged to the exits.It was the performance Desko had been yearning for after a comeback finally fell short. The Orange finally got stung for their slow starts and, at least for one night, looks to have learned their lesson.It’s also a reminder that even on its own field, Syracuse dominates Hobart.“All in all, a very good day for Syracuse lacrosse,” Desko said. Comments Facebook Twitter Google+last_img read more

Wynter scores 30 to lift Drexel over UNC-Wilmington 71-66

first_img SUBSCRIBE TO US Written By Last Updated: 31st December, 2019 12:06 IST Wynter Scores 30 To Lift Drexel Over UNC-Wilmington 71-66 Camren Wynter had 30 points as Drexel narrowly defeated UNC Wilmington 71-66 on Monday night. COMMENT Associated Press Television News First Published: 31st December, 2019 12:06 ISTcenter_img LIVE TV WATCH US LIVE Camren Wynter had 30 points as Drexel narrowly defeated UNC Wilmington 71-66 on Monday night.Zach Walton had 14 points for Drexel (8-7, 1-1 Colonial Athletic Conference). James Butler added 11 rebounds.Marten Linssen had 15 points for the Seahawks (5-10, 0-2), whose losing streak stretched to seven games. Mike Okauru added 14 points, six rebounds and six steals. Shykeim Phillips had 12 points and three blocks.Jaylen Sims, whose 14 points per game entering the contest led the Seahawks, shot only 14 percent for the game (1 of 7).Drexel plays Delaware at home on Friday. UNC Wilmington takes on James Madison at home on Thursday. FOLLOW USlast_img read more

Dodgers’ Clayton Kershaw will make return from DL on Friday

first_img Newsroom GuidelinesNews TipsContact UsReport an Error LOS ANGELES >> Clayton Kershaw will make his first start for the Dodgers since July 23 on Friday in San Diego.The return of the Dodgers ace will complete an exodus from the disabled list that included starting pitcher Yu Darvish on Sunday and slugger Cody Bellinger’s upcoming return on Wednesday.Dodgers manager Dave Roberts was eagerly anticipating two things regarding Kershaw’s start in Triple-A on Saturday, his only appearance in a game since during his recovery from a lower back strain. His performance and how his back felt the next day.Kershaw allowed just one run on two hits in five innings with eight strikeouts Saturday in Oklahoma City. Fields placed on DLRelief pitcher Josh Fields was placed on the 10-day disabled list Sunday with a lower back strain suffered before Saturday’s game.The right-hander with a 2.68 ERA in 47 appearances this season experienced a similar injury to Darvish, who took his place on the active roster Sunday.As has been the case with plenty of players for the team with a cushion offered by the best record in baseball, Roberts insisted both their stints on the disabled list were primarily precautionary.“Like we’ve done with a lot of our players, if there’s something there just to not create an even bigger situation,” Roberts said. “So with a lower back strain, to get him back in 10 days, and now with Yu healthy, they’re both benign and we need them both obviously down the road.”Etheir rehab updateAndre Ethier went 2 for 3 with a double in a rehabilitation start for Triple-A Oklahoma City on Sunday.A day after going 0 for 4, Ethier showed some encouraging signs at the plate and played left field for all seven innings of the first game of a doubleheader.It was the latest step in a long series of them at various levels of the minor leagues as Ethier attempts to return from a back injury he suffered during spring training.He will likely be added to the Dodgers roster when it expands in September if he avoids any further setbacks.center_img “For me, that’s one component, but also to see how he feels the day after,” Roberts said, “and he was pretty excited (about how he felt).”Kershaw (15-2, 2.04 ERA), who campaigned to skip the rehab start in favor of jumping straight to the major leagues, was equally pleased Saturday night and Sunday morning with his pitching and the recovery of his back.“Everything felt healthy and good to go, so I’m excited for the next one,” Kershaw said Saturday night. “I feel like I’ve always been ready, but this is part of the process, so I’m glad I got this one under my belt.”He will rejoin the Dodgers in Phoenix for a seven-game trip beginning Tuesday, but baseball isn’t his only motivation.“He’ll meet us in Arizona,” Roberts said, “for the fantasy football draft.”last_img read more

Group Draw for World Championship in Brazil Today, Ljubojević Represents B&H

first_imgThe International Football Federation (FIFA) will perform group draws for the world championship 2014 today at 17:00 at the resort Costa do Sauipeu.Holders of the lottery will be in the first group and they are Brazil, Spain, Germany, Argentina, Columbia, Belgium, Uruguay and Switzerland.The second group consists of Equator, Chile, Nigeria, Cameroon, Ghana, Ivory Coast and Algeria, and the third group consists of Japan, South Korea, Iran, Australia, Mexico, USA, Honduras and Costa Rica.The representation of B&H is in the fourth group, together with Croatia, Netherlands, Italy, England, Portugal, Greece, Russia and France.Since in the second group there are 7 representations and in the fourth group 9 representations, FIFA will decide today before the group drawing which European representations will move to the second group.The Vice President of B&H Football Federation Darko Ljubojević will represent the B&H football representation at today’s group drawing for the World Championship.Sušić arrived from France half an hour earlier for the flight to Brazil but due to security procedures could not board the plane.(Source: Fena)last_img read more

Reinier: “Getting to Real Madrid is the top”

first_imgReinier, who debuted as a professional at Flamengo last year, this season was crowned champion of the Brazilian league and the Copa Libertadores and has become a favorite of the Rio fans. “My love for Flamengo has grown since I was 12 years old. Play for Basque? Never. He’s our rival. Are you crazy?”, concluded the new Real Madrid player. Reinier Jesús is one of the fashion names in Brazil. The recent signing of the young Brazilian midfielder for Real Madrid has not left anyone indifferent and the still Flamengo player does not miss every opportunity to show his happiness for being part of the white club. “It’s a dream come true. Getting to Real Madrid is the top. It’s the biggest club in the world”Brasilia explained in an interview in Balloon support A few days after he granted this newspaper, “It is the realization of a dream. Mine and my family”. “Marcelo sent me a message, also Rodrygo. I was very happy with the welcome they gave me”, continues the young midfielder, who knows that the arrival in Europe will not be easy: “Now it is to go calmly, with your feet on the ground and see what can happen.”last_img read more

CB Facey Foundation returns to the green for SANTA

first_imgKINGSTON: The C.B. Facey Foundation (CBFF), the charitable arm of Pan-Jamaican Investment Trust Limited (Pan-Jam), are back for the third year as title sponsors for the SANTA (Seeing A Need, Taking Action) charity golf tournament. “We are thrilled to be the title sponsors for yet another SANTA charity golf tournament as we are dedicated to satisfying children’s needs. This partnership aligns with the values of our Foundation, as we see a need and take action for the charities and organisations that will benefit this year,” said Brittany Singh Williams, executive director of CBFF. This year’s golf tournament proceeds will continue the reconstruction efforts at the Wortley Home for Girls, which was destroyed by fire in June 2015. Boys’ Town Infant and Primary School is also among the list of other beneficiaries. The 16th annual charity golf tournament will be held at the Constant Spring Golf and Country Club. The weekend-long event begins on Friday, December 2 at 6 p.m., hosting a cocktail party and a VIP putting tourney where participants can register for the tournament that tees off at 8 a.m. on Saturday, December 3 with the junior competition. On Sunday, December 4, the seniors will begin the day’s tournament at 6:30 a.m. Participants will be separated into four categories – men and women – who are required to pay $10,000 to register. Juniors can play for 18 holes, nine holes or five holes will contribute $6,000, $4,000 and $2,500, respectively, to compete. “The primary objective is to continue to bring golfers together and to support charity. We expect to have in excess of 144 adult golf players and approximately 30 juniors,” said SANTA organiser Nigel Davy. SANTA seeks to raise funds to make Christmas, and the rest of the year, a bit merrier for non-profit organisations in Jamaica that cater to children’s needs. Participants and spectators may pledge donations via pledge cards available at the tournament or on the new C.B. Facey Foundation website www.cbfacyfoundation.org.last_img read more