The government is set to provide cash transfers and working capital loans for micro, small and medium enterprises (MSMEs) in its latest bid to boost economic growth amid the COVID-19 pandemic.Budi Gunadi Sadikin, the head of the national economic recovery task force, said Wednesday the government would provide Rp 2.4 million (US$165) for 10 to 12 million MSMEs, as well as working capital loans of Rp 2 million for MSMEs.“We hope this assistance will maintain people’s income and be used as working capital to support their businesses,” he told reporters during a press briefing. “We will also add working capital loans with low interest for those who have already started businesses.” On the same day, the government also guaranteed working capital loans worth Rp 100 trillion for labor-intensive businesses to help businesses survive the pandemic.Finance Minister Sri Mulyani Indrawati stated on Wednesday that the loan guarantee program was expected to boost credit disbursement from banks to businesses.To be eligible for the government program, labor-intensive firms are required to employ at least 300 individuals, prove that their activities have been affected by the pandemic and have a good track record of paying back loans, according to the minister.“We hope the credit guarantee scheme will restore the risk appetite of both banks and firms to help boost economic activity,” Sri Mulyani said. “We will use all of our policy instruments to improve supply and demand.”Amid the uncertainty about how long the COVID-19 pandemic battle will need to be fought, the government has announced that it will raise its 2021 state budget deficit assumption to 5.2 percent of GDP. The outbreak is expected to continue affecting the economy next year.The change will be proposed to the House of Representatives, which previously agreed to the government’s proposal of a deficit between 4.17 percent and 4.7 percent of GDP.Topics : The funds may be used by MSMEs to pay for daily needs and to restart business activities, said Budi, who is also the deputy state-owned enterprises (SOEs) minister.President Joko “Jokowi” Widodo has asked the national economic recovery task force to focus on boosting economic growth in the third quarter this year, as well as to maintain employment and income levels to prevent a recession this year, Budi went on to say.MSMEs have been particularly hit hard by the economic downturn, as the government expects the economy to grow by 1 percent at best or shrink by 0.4 percent at worst this year. It also forecasts a contraction of around 5 percent in the year’s second quarter due to large-scale social restrictions (PSBB) to curb the spread of COVID-19.The government has allocated Rp 695.2 trillion to strengthen the country’s virus response and boost economic growth, expanding the fiscal deficit to 6.34 percent of gross domestic product (GDP).
Share Share Golden Race’s virtual sports products get Swedish certification June 18, 2020 Related Articles Golden Race gains ISO certification May 29, 2020 An online virtual gaming platform for eTopaz, the exclusive sportsbook of Azerbaijan’s monopoly state lottery, has become the first joint partnership for Golden Race and SBTech.Virtual sports solutions provider Golden Race and SBTech, a supplier of sports betting and iGaming platform solutions, signed an agreement last year to cooperate on a global level. SBTech has powered the sports betting platform on eTopaz for more than three years.Martin Wachter, CEO & Founder at Golden Race, said: “We are very pleased to announce that our first partner with SBTech, eTopaz, has gone live. Our online virtual sports platform has proved to be extremely successful with players globally, due to its similarities with real sportsbooks. “We proudly say that it is a real sportsbook with a virtual outcome, since it features real odds, all the major football leagues in the world and the most familiar interface for punters, requiring a zero-learning curve. We are very grateful to SBTech for this collaboration, and we are certain that is the first of many more partners to come.”Andrew Cochrane, Chief Development Officer at SBTech, added: “We are delighted to partner with Golden Race and integrate their extensive suite of virtual sports content into SBTech’s award-winning platform. “Virtual sports have always been a key vertical for our partners, however they now play an even more important role during the unprecedented times we are all experiencing. SBTech is committed to driving partner revenues across all verticals and adding Golden Race’s innovative virtual sports content will further achieve it.”Reacting on LinkedIn, SBTech’s Casino Operations Team Lead Ralitsa Zareva said: “What a great day! We’ve just launched for the first time Golden Race Virtuals for a client of ours and this is just the beginning of a long and amazing relationship.” StumbleUpon The industry wakes up to virtual sports potential June 26, 2020 Submit read more
As Clippers coach Doc Rivers sat down to speak with reporters ahead of his team’s game Sunday afternoon against the Miami Heat, he was immediately hit with a question about his son Austin possibly coming to the Clippers in a trade.A reporter wanted to know if there were any interesting conversations in the Rivers household Saturday night.“We’re all Patriots fans, so we talked about that,” Rivers said, referring to New England’s playoff victory over Baltimore on Saturday afternoon.Not getting the right response, the question was posed differently. Doc Rivers was asked how he handles this kind of thing with his son, and whether he can talk to him about it. League rules say teams can’t specifically discuss acquiring players currently under contract to another NBA team.“I don’t know, maybe I should call the league; it may be tampering,” Rivers said. “Listen, if it got to that point, we would talk, clearly.”Rivers then reiterated what he has been saying for some time.“We’re just going to keep doing what we think makes our team better and if that’s it, we’ll do it,” he said. “If it’s not, we won’t.”Austin Rivers is averaging 6.8 points, 2.5 assists and 22.1 minutes for New Orleans.Griffin on pointBlake Griffin continues to be the best assist man he has ever been during his career, now in its fifth season. He has a career average of 3.8, but he’s averaging 5.1 in 2014-15.Griffin had six assists in Saturday’s 120-100 victory over Dallas and eight on Wednesday in a rout of the Lakers. Twice he doled out 11 assists in the month of December.Coach Rivers marvels at his 6-foot-10 power forward.“(Blake) has been phenomenal … he is such a weapon,” Rivers said after the 120-100 victory over Dallas. “He makes it very difficult to trap. He is so unselfish. You think at the beginning of the game, their game plan was they are going to trap Blake every time he got caught on the post.“Usually, that makes you go away from the post; it actually made us go to the post more because we knew that would create a 2-on-1 and he kept making the right decisions. It is a good weapon to have.” Newsroom GuidelinesNews TipsContact UsReport an Error How about a family reunion?“None scheduled right now,” Rivers said. “I know there has been all these rumors and stuff, but I can’t talk about that. But we’re going to do what we need to do, I can tell you that.”According to reports, Austin Rivers, a 6-foot-4 shooting guard, is expected to be sent today from the New Orleans Pelicans to the Boston Celtics, where the elder Rivers coached for nine years before coming to the Clippers, as part of a three-team deal — along with the Memphis Grizzlies — that was agreed upon Sunday. The rest of the deal includes Memphis’ Tayshaun Prince and Quincy Pondexter going to Boston and New Orleans, respectively, Jeff Green heading from Boston to Memphis and rookie Russ Smith being sent from New Orleans to Memphis. Twitter scuttlebutt has it that the Clippers and Celtics are trying to work a deal that would put Austin Rivers in a Clippers uniform. read more
Voodoo Venue have another outstanding line-up of entertainment organised for this weekend.Donegal’s No.1 clubbing venue gets revellers from all over the county and the North-West every weekend.It’s a club that caters for all ages, evidenced by the stunning Vintage rooms located upstairs in the nightclub. On Friday it’s RECOIL followed by Kevin Lennon in voodoo loungeVoodoo Club it’s highland Radio’ s Paddy Friel.Free cocktail for all ladies before 12.30am.Saturday it’s WHITEWATER in Voodoo lounge followed by PK till late Voodoo Club it’s DJ FLIP on the main floor while Vintage welcomes back DJ Keith Disconait. To book vintage email [email protected] now available for private functions, wedding after parties etc.Sunday it’s Honky Tonk Heroes in Voodoo Lounge from 5pm to 7pm followed by RUBIX at 10.30ALL WORLD CUP MATCHES SHOWN ON ONE OF OUR 9 BIG SCREENS VOODOO VENUE PRESENT ANOTHER ACTION PACKED WEEKEND OF ENTERTAINMENT was last modified: June 26th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BusinessDJEntertainmenthome-page featuresLine-upnewsNoticesVintageVoodoo VenueWeekend read more