Govt hopes to boost homeownership through new Tapera program, but employers, workers concerned about fees

first_imgPublic policy expert from the University of Indonesia, Agus Pambagio, also weighed in on the issue, urging the government to focus on solving land ownership issues that had caused housing prices to jump.“Most of our residential areas are controlled by a small group of calo [middleman] who treat land as a commodity, driving up prices. We should fix the system first,” he told the Post.Furthermore, he said the government should also evaluate Tapera’s preceding agency, the Housing Savings Advisory Board for Civil Servants (Bapertarum-PNS), before moving forward with Tapera as the former agency had been plagued with issues.BP Tapera is set to replace Bapertarum-PNS, with the latter expected to hand over its assets totaling Rp 12.3 trillion (US$861 million) to the former. The government has injected Rp 2.5 trillion into BP Tapera so far.Bapertarum-PNS has a total of 6.7 million participants, both active civil servants and retirees.“We frequently saw budget shortages when the participants wanted to use their benefits, so they usually also applied for an additional loan from a bank. The government should examine the failures of Bapertarum,” Agus said.Read also: Budget for public works and transportation slashed by Rp 54.8 trillion The government has laid out a goal to increase the homeownership rate to 70 percent, from the current 56.7 percent, in the 2020-2024 National Medium-Term Development Plan (RPJMN).Read also: Analysis: Tapera Law: Government’€™s effort to curb housing problem President Joko “Jokowi” Widodo signed Government Regulation (PP) No. 25/2020 on Tapera on May 20, which provides instructions for fund management body BP Tapera and makes membership compulsory for all workers.The regulation requires participants to make a monthly deposit equal to 3 percent of the employee’s monthly salary, which is split between the employer and employee for private sector workers, with the employee paying 2.5 percent and the employer paying 0.5 percent.Both workers and employers have opposed the newly signed regulation, which they describe as redundant and burdening.Read also: Jokowi signs regulation on Tapera public housing savings program Eko said the ministry had provided mortgage loan (KPR) subsidies for 950,000 housing units from 2015 to 2019, and hoped to boost homeownership funding through Tapera.“We can’t always rely on our limited state-budget [APBN], and Tapera could provide funding to increase [homeownership],” he said. Indonesian Employers Association (Apindo) chairman Hariyadi Sukamdani said the government should instead utilize the existing social security program, the Workers Social Security Agency (BPJS Ketenagakerjaan), which already has a legal basis for helping to fund homeownership.“We already have old-age benefits [JHT] that are included in BPJS Ketenagakerjaan that could be used to purchase homes. Why do we need another program that requires us to pay even more, when we already have a similar program?” Hariyadi told The Jakarta Post in an interview.BPJS Ketenagakerjaan participants can withdraw 30 percent of their JHT balance to purchase a house or 10 percent of their balance for other necessities, according to PP No. 46/2015 on the national social security system.Timboel Siregar, the secretary-general of the Indonesian All Workers Organization’s (OPSI), complained that the benefits of Tapera could only be used by low-income participants (MBR) while other participants were prohibited from withdrawing their balance until they reached the pension age of 58 years old.“If we take a look at the program, all workers are obliged to pay premiums, but the benefits are only for MBR. Even though our money is being kept and invested, the Tapera regulation does not guarantee a good return on their investment,” Timboel told the Post in a separate interview.Read also: No way to ‘stay home’ without decent home food and cash The government aims to boost homeownership in Indonesia through its public housing savings program (Tapera), which requires employers and workers to contribute to a mortgage loan scheme similar to universal healthcare insurance. However, some employers and workers have said the program will be an added burden.Public Works and Housing Ministry Infrastructure Financing Director General Eko Djoeli Heripoerwanto said recently that Tapera would help provide funds for first-time homebuyers and increase the homeownership rate.”Our target is to help 11 million new homeowners to purchase homes. To achieve this, the government must provide funds [via Tapera] to 5 million households,” he told a virtual press briefing on June 5. Responding to the growing criticism, BP Tapera commissioner Adi Setianto told journalists during a press conference on June 5 that participation from higher-income households was needed to provide long-term funds for MBR. Participants could still enjoy their benefits in the form of invested funds, he added.“We need to have a spirit of gotong royong [mutual assistance] from higher-earning participants in order to provide long-term funding for the program that will benefit low-income workers,” said Adi.In addition, Adi said Tapera was benchmarking its mortgage rates with the Housing Financing Liquidity Facility (FLPP), which provides a fixed interest rate of 5 percent for 20 years, way below the normal rate used in the BPJS Ketenagakerjaan scheme.“The difference between BPJS Ketenagakerjaan’s mortgage benefits and Tapera is that we use the FLPP rate, which is lower than the commercial rate the BPJS uses,” he said.Eko said the FLPP program would also be gradually integrated with Tapera when the agency was fully operational.Private companies are given a seven-year deadline to register their workers in Tapera. BP Tapera will focus on the program transfer of FLPP and managing the transfer of participants from Bapertaperum-PNS until 2021, before expanding membership to state-owned enterprises, regional-owned enterprises, the Indonesian Military and the National Police in 2022. “By 2024, we hope BP Tapera will be a world-class and credible institution,” Adi said.BP Tapera has appointed state-owned Bank Rakyat Indonesia (BRI) as the custodian bank for the funds. The agency also appointed five investment managers, comprising both private and state-owned financial institutions.Topics :last_img read more

Indians seek out fortune tellers to fight COVID-19 blues

first_imgIn his golden-hued office, decked out with peacock feathers and crystal balls, Indian mystic healer and astrologer Sanjay Sharma is busy offering his clients a peek into their future as the COVID-19 pandemic has muddied their present.”Right now people are really frightened about their future,” said Sharma, with flowing hair and a big vermilion dot on his forehead, as smoldering incense sticks spread their fragrance over an Apple laptop on his desk.”How will they survive? Will they have their jobs or not? Will their business survive or not,” he added. Ajay Bhambi, a well-known astrologer and spiritual consultant to politicians, Bollywood stars and professional cricketers, said his business had risen 40 percent since the COVID-19 outbreak.”You keep the hopes alive and see what is exactly stored for them in future,” said Bhambi, a regular on Indian TV networks. “If I see a little ray, then I can create a better picture for them.”He predicted India’s COVID-19 crisis would significantly improve from March onward.To be sure, not every mystic is flooded with customers. For example, Kripajyoti Nisha Singla, a cosmic healer who also practices hypnotherapy, said she has cancelled sessions because of a lack of demand.”The energies which I got was that people were saving money,” Singla said. “Everyone’s very concerned about their finances, very uncertain about how they are going to survive” if the coronavirus crisis extends. Topics : Indians are flocking to astrologers, tarot card readers and faith healers as they seek to know what lies ahead and find solutions to current health, financial and mental problems in a country where coronavirus cases have rocketed to 3.3 million – the third-highest in the world – with more than 60,000 deaths.”Whenever our mind is really disturbed and we feel anxious, we come here,” said Anju Devi, 52, who asked Sharma about her son’s dwindling business and the prospects of her daughter’s marriage. “Those who are in depression and taking medicines, they feel uplifted after coming here and it helps them come out of those situations.”Indian astrologers, palm readers, numerologists and tarot card readers are estimated to generate hundreds of millions of dollars a year in revenue. Charges vary from 100 rupees ($1.50) for a quick session with a palmist to several thousand rupees for a long session with a popular spiritual guide.Read also: Written in the stars: In chaos, Thai politicians turn to clairvoyantslast_img read more

Kardashian-Jenner palace for sale for a surprisingly low price

first_imgThe home was ready to move into according to the listing agent. Photo credit: Steven J. Magner Palazzo Dei Sogni is for sale for $12.23m ($US8.995m). Photo credit: Steven J. Magner Palazzo Dei Sogni has seven bedrooms. Photo credit: Steven J. Magner Even the kitchen has chandeliers. Photo credit: Steven J. Magner Robert E. Howell of Keller Williams Beverly Hills is the listing agent. Photo credit: Steven J. MagnerThe decadent Southern California mansion in the prestigious Fryman Estates in Studio City “has been seen by more TV viewers than just about any other home in recent years”, according to US-based TopTenRealEstateDeals.com.“The front facade and grounds were used from season four of the program as the Kardashian-Jenner family home.”More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago No expense was spared when the home was renovated in 2005. Photo credit: Steven J. Magner There are eight bathrooms in the mansion. Photo credit: Steven J. MagnerHe said it was inspired by Medici Castle in Florence, and extensively remodelled in 2005.“So stunning this villa, the front and grounds were used countless times as the home in “Keeping Up With The Kardashians,” as well as in the filming of HBO’s “True Blood” and “Rome” series. With sweeping cathedral high ceilings, stone columns, hand-tooled woodwork, Venetian hand plastered walls, 17th century chandeliers and artist Giorgio Tuscani’s spectacular murals, upon entering the breathtaking foyer you are undeniably transported to Italy.” The palatial residence was the television home of the Kardashian-Jenner family for 10 seasons. Photo credit: Steven J. Magner Palazzo Dei Sogni was the television home facade of the Kardashian-Jenner clan. Photo credit: Steven J. MagnerTHE palatial television home of the Kardashian-Jenner family has hit the market – and it costs less than Brisbane’s most expensive house. Palazzo Dei Sogni – which is Italian for Palace of Dreams – was the “home” of the reality TV series for 10 seasons and hit the market for a surprisingly low $12.23 million ($US8.995m), much less than Brisbane’s most expensive home at Kangaroo Point ($18m). The property has been used in countless television shoots. Photo credit: Steven J. Magner Just about everything in the home is ornate. Photo credit: Steven J. Magner Many of the most outstanding features of the home were imported. Photo credit: Steven J. MagnerListing agent Robert E. Howell of Keller Williams Beverly Hills said “on a scale from 1 to 10 … this is an 11!”.He said the grand 724sq m Italian home was on almost an acre (3,560sq m) of parklike grounds in a celebrity enclave. Neighbours includes the likes of George Clooney, Miley Cyrus and Bruno Mars.“This villa is a masterpiece, boasting fresco ceilings, gourmet indoor and outdoor chefs’ kitchens, theatre, saltwater pool with waterfalls, wine cellar with tasting room, all of which are done with the finest imported finishes.” The outdoor kitchen sits below the pool area. Photo credit: Steven J. Magner The luxury villa has a cinema room with dropdown 12-foot screen. Photo credit: Steven J. MagnerThe seven bedroom, eight bathroom, 10-car garage home also has Paris Opera House sconces, a 100-year-old fountain, a cinema room with a 12-foot screen, a 2,000-bottle wine cellar and a billiards room with what must be the most over-the-top pool table in the world.According to Mr Howell, the palatial “Kardashian-Jenner” villa was “move in ready”. The home is in a celebrity enclave. Photo credit: Steven J. Magnerlast_img read more

Triple-storey luxury home and award-winning property ready for weekend auctions

first_img7 Stewart St, Clayfield.A two-storey architectural masterpiece in a quiet cul-de-sac at 7 Stewart St, Clayfield, will go to auction this weekend.Featuring black limestone and imported marble throughout, Ray White New Farm selling agent Christine Rudolph said the owners of the five-bedroom, four-bathroom home had absolutely loved living there.FREE: Get the latest real estate news direct to your inbox here.7 Stewart St, Clayfield.“Particularly, they have enjoyed the privacy it offered them with their teenage children who had their own separate wing of the home for living,” Ms Rudolph said.7 Stewart St, Clayfield.Ms Rudolph said the family originally came from acreage and wanted inner city living which was secluded and private yet provided a feeling of spaciousness while remaining low maintenance.“As empty nesters, their children have now left home and they have plans to enjoy travelling the world and working on several other exciting residential projects they have in the pipeline,” she said.“They have always appreciated beautiful property and were also drawn to the high quality of standard with the award-winning architectural design.”The property features plenty of space and clever flexibility with separate zones for parents, children or multiple generations, including a generous guest suite on the lower level.The auction is scheduled for 1pm on Saturday.Despite only 98 auctions being held in Brisbane this week, Corelogic auction spokesman Kevin Brogan described the market as steady.He said the cooler weather may have an impact on the lower number of auctions being held in Brisbane this week.45 Carville St, Annerley.Renovators will be keen to take a look at 45 Carville St, Annerley which goes to auction at 10am on Saturday.Take a look inside the three-bedroom, two-bathroom home and embrace the original period features.The kitchen area at 45 Carville St, Annerley.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoThe bedroom at 45 Carville St, Annerley.The property, being marketed by Ben Cannon from Ray White — Stones Corner, is a blank canvas ready for a new creation.45 Carville St, Annerley.Mr Cannon said the home was blessed with plenty of soul, great bones and an elevated northeastern views over the Annerley district.38 Old Logan Road, Gailes.At 9am, a 1950s two-bedroom, one-bathroom home at 38 Old Logan Rd, Gailes, will go to auction.McGrath — Springfield selling agent Steve Hodgson said the property was ideal for a first homebuyer or investor.Mr Hodgson said the property was going to auction as a mortgagee exercising power of sale.“It’s a unique property that dates back to the 1950s,” he said.101 Lambert Rd, Indooroopilly.This new luxury 5-star home with five bedrooms and three bathrooms will go to auction at 10am on Saturday.The three-level property at 101 Lambert Rd, Indooroopilly has never been lived in, according to selling agent Jason Adcock, from Adcock Prestige — Brisbane.101 Lambert Rd, Indooroopilly.Mr Adcock said the home was on a low maintenance block and walking distance to St Peters, Indooroopilly Shopping Centre and the train station.Thick artificial grass in the backyard and around the in-ground pool provides year-round greenery with no watering or lawnmower required.405 Brisbane Corso, Yeronga.Take a look at this stunning four-bedroom, two-bathroom home at 405 Brisbane Corso, Yeronga.The property goes to auction at 10am on Saturday and features an oversized deep water pontoon.Place — New Farm selling agent Judy Goodger said: “This wonderful family home is on 1401sq m of direct riverfront land with over 30m of frontage”.“The home has drawn excellent interest during the marketing campaign,” Ms Goodger said.405 Brisbane Corso, Yeronga.The property features a media room, games room, gym, and library.Beyond the interiors, other features include a jacuzzi, sauna, built-in barbecue area with marble benches, expansive riverside outdoor terrace with built-in surround sound, electronic gated entrance with video intercom and double garage with a separate workshop or third garage complete this family home.last_img read more

Mysterton stunner hits the market

first_img1 Hammond St, MystertonThe leafy suburb on the city fringe has long been a drawcard for people seeking spacious homes that are still close to the city and schools.Owner Carla Valmorbida has lived in the house with her family for five years and said they fell in love with the property the first time they saw it.“We loved the top deck and being a corner house you feel like you’re in your own little world when you’re sitting there,” she said.“We also loved the idea of two completely separate and independent living areas with two separate kitchens and we really enjoy having family visit from Melbourne come up and stay there. 1 Hammond St, MystertonONE of Mysterton’s finest homes has hit the market with 1 Hammond St listed for sale for $950,000. The six-bedroom, three-bathroom house has four-car accommodation and is on a 900sq m block in one of Mysterton’s most popular streets. 1 Hammond St, MystertonMore from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“When we looked at it we fell in love with the tropical gardens and the resort-style pool because you could just see yourself lying there beside it.”Ms Valmorbida said that while the house still had Queenslander features, the interior was more modern.“It combines the best of Queensland life but it was fresh and light, the kitchen was functional and modern and the bathrooms were really nice,” she said. “It’s also in a really quiet area but is still close to schools, the city and The Mater Hospital.“We loved living there and we always felt very safe.”The house features vertical joint walls, polished timber floors and high ceilings.The modern kitchen overlooks the outdoor dining area while there is also a tropical pool.The master bedroom has ample wardrobe space and a bathroom with an oversized bath tub and double shower.center_img 1 Hammond St, MystertonOutside there is 68sq m of garage space with high clearance while there is side access that could be used to store a boat, trailer or caravan.Andrew Forster from Knight Frank is marketing the property and said the property had the rare feature of having completely self-contained, separate living quarters downstairs.“This home has gone through a thorough renovation but they have paid homage to the original features while providing lots of modern convenience,” he said.“It’s very unusual in that it has four bedrooms upstairs and two bedrooms downstairs with another kitchen and bathroom. “These owners had an au pair who lived downstairs but it could also be good if you had older kids.”The property was not flood affected. 1 Hammond St will be open for inspection on Sunday from 11.30am-12.30pm. For more information call Andrew Forster on 0477 220 766.last_img read more

Vessels and crew wanted for geotechnical surveys offshore Germany

first_imgIn April 2017, EnBW secured rights to develop the 900 MW project by placing a zero-subsidy bid in the first competitive tender in Germany. The wind farm is scheduled to be commissioned by 2025. The deadline for submitting applications for the tender is 19 October by 13:00 local time. According to EnBW, the aim of the new investigation is to meet with the governmental regulations for offshore wind farm installations according to BSH Standard 7004. He Dreiht is located within the German Exclusive Economic Zone (EEZ) of the North Sea, about 85km north of the island Borkum and 95km west of the island Helgoland. The contract will begin on 1 March 2021 and end on 15 June the same year. The sought work comprises five tasks, including a UXO survey, CPTu survey, sampling, offshore laboratory works, as well as reporting. EnBW has opened a tender to hire sea-going vessels with crew for the main geotechnical investigation at the He Dreiht offshore wind project in Germany.last_img read more

‘Prevendido drug group member’ killed in shootout

first_imgAccording to Besas, when Chavez realizedthat he was dealing with police officers, he allegedly shot at them. Besas said this prompted them to shoot back. Chavez was rushed tothe Western Visayas Medical Center in Mandurriao district but was “declareddead on arrival.” Prior to the shootout, the suspect – whowas a drug surrenderer and an alleged down line of Richard Prevendido – was nabbedaround 6:40 p.m. after he sold a suspected shabu to an undercover cop P8,000. Chavez – resident of Barangay Cuartero,Jaro district – fought back and endangered the lives of law enforces, LieutenantColonel Jersey Besas of the Regional Drug Enforcement Unit said. ILOILO City – A suspected member of the Prevendidodrug group was killed in an alleged shootout with police officers during abuy-bust operation in Barangay Dulonan, Arevalo district. Personnel of a local mortuary inspect the body of slain drug suspect Bernardo Chavez. Chavez was killed in an alleged shootout with police officers during a buy-bust operation in Barangay Dulonan, Arevalo district. IAN PAUL CORDERO/PN Recovered from the crime scene were anempty shell of a .9mm-caliber pistol, an empty shell of a .45-caliber gun,three sachets of suspected shabu, a cellular phone and a lighter. “He (Chavez) was put under surveillancefor more than a month. He stopped after Prevendido’s death. We tried totransact him since last week, but we were able to materialize the transactionon Friday,” said Besas. The 26-year-old Bernardo Chavez died oftwo gunshot wounds on the chest and three on the back of his body. The suspect was reportedly renting ahouse in Barangay Dulonan on Oct. 5 this year and he used a name of BernardVillaluna to hide his identity./PNlast_img read more

17 Peru cops die due to COVID-19

first_imgAt least 1,300 of Peru’s police officers – out of roughly 140,000 in the force – have been infected by coronavirus disease 2019. AFP Authorities admitted earlier this weekthat at least 1,300 officers had been infected by COVID-19. LIMA – Seventeen police officers in Peruhave died after contracting novel coronavirus while enforcing the nation’spandemic lockdown, officials and state media said.center_img On Saturday new interior minister GastonRodriguez, who was sworn in a day earlier after the sudden resignation of hispredecessor when the infections tally emerged, said: “We have 17 deceasedpolice officers nationwide, 11 of them in Lima.” (AFP)last_img

Crash Claims Life Of North Decatur Student

first_imgThe community is mourning the loss of a North Decatur High School sophomore who was killed in a crash on S.R. 3 in Greensburg late Tuesday afternoon.Police identified the 15-year-old girl as Lindsey Noah, of Clarksburg.She was a passenger in the 2002 Pontiac sedan her 18-year-old brother, Isiah Noah, was driving just before 6 p.m.  Police say the teen’s were traveling east on C.R. 500 North when the vehicle disregarded the stop sign at the intersection of State Road 3 and drove into the path of a 2013 Chevrolet pickup.Noah’s vehicle was struck in the passenger side door and went into the side yard of a residence on the northeast corner of the intersection.Isiah Noah had to be extricated from the vehicle and was initially transported to Decatur County Memorial Hospital (DCMH) and was later transferred by ambulance to Methodist Hospital, with head and possible internal injuries.His current condition is unknown.The Chevrolet pickup truck was driven by Rebecca Smith, 62, of Rushville. As a result of the collision, the truck overturned onto the driver’s side.After being extricated from the vehicle, Smith was transported by ambulance to DCMH for possible internal injuries, police say.The fatal crash is under investigation by the Decatur County Sheriff’s Department.WRBI will keep you up-to-date on this developing story.last_img read more

Dalton, Green lead Bengals to win in Houston

first_imgA.J. Green had a career-high 12 receptions for 121 yards. (Image: Cincinnati Bengals)HOUSTON – The Cincinnati Bengals earned another road win defeating the Houston Texans 22-13 Sunday afternoon.It was a six point game when kicker Mike Nugent made a 49-yard field goal with 1:55 remaining in regulation to give the Bengals a two possession lead.Andy Dalton tossed 24 completions for 233 yards including a red zone touchdown to Mohamed Sanu in the first quarter.Receiver A.J. Green had 12 receptions for 121 yards matching a career-high.The Bengals controlled the ball as the offense was on the field for 39 minutes opposed to the Texans at 20 minutes.The defense held Houston to 184 yards passing and 64 rushing yards.Cincinnati remains on top of the AFC North with a 7-3-1 record and the Texans fall to 5-6.The Bengals will aim for a third consecutive win at Tampa Bay (2-9) on Sunday, November 30.The next home game is against division-rival Pittsburgh Steelers on December 7.last_img read more