OJK boss promises regulation, supervision reform amid Jiwasraya fiasco

first_imgThe Financial Services Authority (OJK) is planning to reform the regulation and supervision of the nonbank financial industry following the revelation of alleged corruption at ailing state-owned insurer PT Asuransi Jiwasraya.OJK chairman Wimboh Santoso said on Tuesday the reforms would strengthen the country’s financial sector, adding that the authority would need support from the government, business players and the World Bank.”We will reform the regulations and supervision by enhancing precautionary measures, improving risk management and developing risk-based supervision,” Wimboh told House of Representatives Commission XI overseeing financial affairs in Jakarta. Topics : The authority, he said, would accelerate the reforms starting this year and aim to conclude them by 2022.Read also: Private insurers unfazed by insurance scandals despite trust concernsWimboh announced the reform plans in front of President Joko “Jokowi” Widodo during the financial services industry’s annual meeting in Jakarta in January, saying the overhaul has been planned for a long time before Jiwasraya’s financial problems surfaced.Jiwasraya announced in October 2018 that it had failed to pay out maturing JS Saving Plan policies worth Rp 802 billion (US$58.7 million). It was also unable to pay holders of policies worth Rp 12.4 trillion that were supposed to be paid in December last year, prompting the Attorney General’s Office (AGO) to launch a corruption investigation.The AGO in January arrested five people, including the insurer’s former boss and two businessmen, for their suspected roles in alleged corruption at Jiwasraya.Wimboh on Tuesday told lawmakers that the OJK would also prepare a regulation to establish a policy guarantee agency and a more sophisticated information system to better supervise the industry.last_img read more

Sunman Man Recovering After Accidental Shooting At Friendship

first_imgA Sunman man is recovering after an accidental self-inflicted gunshot wound.Darin Brown, 36, suffered non-life threatening injuries after the 9 millimeter handgun he was holding accidentally fired, striking him in the inner thigh, according to the Versailles Republican.He was camping at the Friendship campground Sunday night when the incident occurred at 8:17 p.m.Brown was flown to University of Cincinnati Hospital for medical treatment.last_img

Henry L. “Sonny” Bohman

first_imgHenry L. “Sonny” Bohman, age 78 of Enochsburg, died Thursday, June 9, 2016 at his residence. Born February 25, 1938 in Batesville, he is the son of Otilla (Nee: Messingschlager) and Lawrence Bohman. He married Darlene Feller July 2, 1966 at St. Anthony’s Church in Morris and would have celebrated their 50th anniversary next month. Sonny worked as a shipping clerk and assistant foreman 38 years at Batesville Casket Company before retiring in 2001 and was a lifelong farmer.Sonny spent his entire life on the family farm he dearly loved. His family teased that he was very particular about how he did things around the farm and would let you know if you weren’t doing it right. He was also an avid card player. Canasta and 500 were his favorite games in addition to playing a little solo. Sonny was serious about playing cards and idle chatter wasn’t necessary. Other interests included fishing, squirrel hunting, following the Colts, Gardening and riding his four wheeler through the woods. After retiring from Batesville Casket Sonny took up woodworking and according to the family, if you’re in need of a bird house, you may want to talk to them. He and Darlene enjoyed traveling out west over the years as well as taking several trips to Branson, Missouri. His grandchildren, though, were his pride and joy. He delighted in attending all of their activities and sporting events.Sonny is survived by his wife Darlene; daughter Sharon Miller of Batesville; son and daughter-in-law Jeff & Teresa Bohman of Batesville and grandchildren Elizabeth and Matthew Miller and Brad and Katie Bohman. He is preceded in death by his parents.Visitation is Sunday, June 12th, from 1 – 4 p.m. at the Weigel Funeral Home. Funeral services are 10 a.m. Monday, June 13th at St. Catherine’s of Sienna at Enochsburg with Rev. Bill Ehalt officiating. Burial will follow in the church cemetery. The family requests memorials to Margaret Mary Health Foundation Hospice (https://www.mmhealth.org/donate.html) or St. Catherine’s of Sienna Building Fund.last_img read more

Chase Academy, Annai Secondary set up mouth-watering Digicel Schools final tonight

first_imgANNAI Secondary, located in a small village in the Upper Takutu-Upper Essequibo Region of Guyana, is aiming to become the first team from the hinterland area to win the Digicel Schools Football tournament, but, standing in their way will be defending Champions, Chase Academy.The two schools will collide today from 18.30hrs at the Leonora Track and Field Facility, to see who will win the seventh edition of Guyana’s most prestigious Schools Football tournament.Chase Academy is the defending champions, while Annai will be playing in the finals for the first time.In fact, both sides made their way to today’s show-down in dramatic fashion at Thurday’s semi-finals, which were also played at Leonora.It took Chase Academy a 5-4 ‘Sudden-Death’ penalty-shootout to get over their arch nemesis and four-time champions, Christianburg/ Wismar Secondary (Multi), while Annai had to come from 4 – 0 down to beat Waramadong 7-5 in regular time.Chase will be playing in their fourth consecutive final, winning once against the Christianburg Wismar Secondary.The Linden-based school defeated Chase in the 2015 final, but the city side rebounded last year to beat ‘Multi’ 1 – 0 in the final at the Guyana National Stadium.Chase’s Captain Jeremy Garrett touted Annai Secondary as one of the most difficult opposition, having faced them last year in the semi-finals.From the look of things, Garrett will have to play flawless football in order for his team to beat Annai Secondary, since the Region 9 team would’ve proven that no lead is unassailable in their clash with previous finalist, Waramadong.A strong representation from the Amerindian community is expected today at Leonora, and the two teams are promising the best Digicel Finals to-date.Meanwhile, the third place game between Christianburg /Wismar Secondary and Waramadong will take things back to the 2013 finals and what started out as one of the top rivalries of the Digicel Schools football tournament.It will be the first time that ‘Multi’ will not be playing in the finals of the tournament, following their loss to the Government Technical Institute (GTI) in the inaugural tournament, and to Chase Academy last year.last_img read more

Reformed academic requirements continue to hinder junior college recruiting

first_imgBen Noonan called it a disservice that’s “screwing over” junior college football players.A student who has a 2.0 grade-point average in high school doesn’t qualify academically to play Division I, so he goes to a junior college first. But when he gets there, he’s asked to raise his GPA to a 2.5 while taking harder classes in order to qualify to transfer out.That hypothetical scenario — posed by Noonan, head coach at Sierra (California) College — is one that’s become a harsh reality for players trying to advance their careers.The higher GPA requirement has been in effect since the end of the 2012–13 academic year. The rule, along with the fact that some major-conference programs aren’t allowing transferrable credits to be earned through once-popular online courses, is still making the jump to Division I much harder almost two years later.Syracuse has already brought in two JUCO prospects, tight end Trey Dunkelberger and preferred walk-on quarterback Zack Mahoney, in its recruiting Class of 2015 after not having an original JUCO commit last year. And though SU may be looking at more junior college prospects, some coaches at that level are exploring ways to overcome these academic obstacles so that they don’t expand past just the junior college level.AdvertisementThis is placeholder text“I do think it’s going to shift the dynamics of recruiting in Division I and it’s not going to be long until it trickles down and affects our kids going to Division II,” said Noonan, who coached current SU linebacker Luke Arciniega at Sierra.“It’s screwing over our junior college kids because there’s always going to be the trickle-down effect as well. Whatever Division I does, Division II’s going to start doing.”For Dunkelberger, the GPA requirement wasn’t a problem. In the fall semester at Pierce (California) College, he took eight classes in order to reach the credit requirement to transfer and achieved a 3.15 GPA.But a good amount of potential D-I prospects aren’t able to get their GPAs up to the requirement of 2.5, and it’s slowly changing the landscape of college football recruiting.“Usually their status, most of the time, has to do with their ability to get the requisite GPA and the credit hours,” former Pasadena City (California) College head coach Fred Fimbres said. “Sometimes you coach excellent players that just can’t seem to re-invent themselves academically.”Noonan estimated that 99 percent of junior colleges in the country don’t have the academic support systems four-year schools have, simply because they don’t have the manpower, facilities and money to provide it.Instead of making proactive changes to the infrastructure of an athletics department, though, coaches are proposing another way to help academically challenged kids raise their GPA when they come to junior colleges.“Ideally, in a perfect world, any incoming freshman that’s a non-qualifier coming in to play JUCO should grayshirt,” Pierce head coach Efrain Martinez said. “They should catch up academically as far as their prerequisite coursework because that first year is always the most difficult one.”Martinez also pointed out that the NCAA is no longer allowing certain power-conference schools to accept credits earned through online courses as transferrable ones. Noonan estimated that about half of power-conference schools no longer accept English and math credits earned through online courses, and named the Big Ten conference, some Southeastern Conference schools and Miami (Florida) as ones that don’t.“This is going to affect Division I recruiting drastically,” Martinez said. “Not just the 2.5 GPA, but the GPA to go along with the fact that they’re not taking the online courses. It’s going to impact them severely.”Noonan said what Dunkelberger did is nearly impossible if a player doesn’t qualify for D-I play directly out of high school, and online courses were once the main way to help the non-qualifiers catch up academically.Martinez said he doesn’t think the grayshirt rule — junior college’s equivalent of a redshirt — will be installed, and admitted that junior college kids looking to transfer face significant obstacles that they once didn’t.Significant scholarships are only available at the Division I level, but they’re becoming harder and harder to obtain for those who don’t qualify to play at that level out right out of high school.Said Noonan: “We’re just going to be putting these kids in debt to continue playing football.” Comments Published on February 1, 2015 at 11:03 pm Contact Matt: mcschnei@syr.edu | @matt_schneidman Facebook Twitter Google+last_img read more

COPA Lagos Promotes Tourism with Beach Clean up

first_imgKinetic Sports, organisers of the prestigious annual beach tournament, COPA Lagos at the weekend mobilised Nigerians from all walks of life for a clean-up of Lagos coastal area of the Elegushi Beach in Lekki.The exercise which has become a part of the yearly COPA Lagos calendar is aimed at conserving the beach. It encourages cleanliness in the environment as a way of preserving marine life. About 150 people took part in this year’s edition of the exercise, including popular celebrities, staff of Kinetic Sports, and top officials from corporate sponsors of COPA Lagos including FCMB, Pepsi and Wakanow and Hero; with SuperSport and Cool Fm as partners..Speaking during exercise, Managing Director, Kinetic Sports, Samson Adamu, said beach clean-up exercise was one of the corporate social responsibility activities for COPA Lagos.He disclosed that the target for this year is to collect at least 750kg of trash during the exercise, with each participant required to collect at least 15kg of trash. According to him, garbage has been discarded into the oceans for as long as humans have lived on seashores or near waterways flowing into the sea, with serious consequences on human and marine life. He identified plastics as one of the worst forms of garbage found on the ocean shore because of its indestructible, indecomposable, lightweight and floating nature.“Presently, there are millions of kilogrammes of trash on ocean beaches around the world, thus necessitating a need to constantly clean up our beaches. This is what conservationists around the world are saying, and we are heeding that call, while also calling on other Nigerians to join because it is a necessity,” he said.Adamu thanked the participants in the exercise, and expressed the belief that the awareness created by the COPA Lagos beach clean-up will spur Nigerians to manage their waste better through proper waste disposal and recycling. He reiterated the importance of a clean beach to Nigeria’s socio-economic development.“Our major aim of establishing the annual COPA Lagos event is to encourage more Nigerians to embrace the beach culture and attract foreigners to our beaches, thereby growing the country’s revenue from tourism. Nigeria is blessed with lots of beautiful beaches, which can become major tourist attractions like they have in Miami and other places. But the fact remains that these beaches are dirty, and there’s no way we can attract visitors to these beaches if they should remain in their present state,” he said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

South Florida communities remain flooded

first_imgFlood water still covered roads Thursday in some parts of South Florida as public works crews are working around the clock trying to pump out the water.Many residents were forced to park their vehicles because they couldn’t get their vehicles through the rising water to get to their homes.School buses were also unable to pass through in certain communities.Ducks were also seen swimming through the roads, which looked more like canals.The American Red Cross opened a family reception center in Davie Wednesday in case the flooding got worse and people needed a place to stay. The center was equipped with food and cots, but Red Cross officials said no one had needed to take advantage of the services yet.Davie police said the Plantation Acres Equestrian Facility will temporarily board horses affected by flooding for a small fee. Horse owners can call 954-476-4316 for more information.Some residents found fish in small ponds in their yards after the rains subsided a bit, while youngsters enjoyed the thrills the settled water brought.Other areas in South Florida are also still experiencing flooding.The Ready Mix concrete mixing company in Miami is giving away 1,000 bags of sand to those affected by flooding.The company is at 7301 NW 47th St.Emergency officials warned residents not to walk through or play in standing water.Electrical currents in the water can pose a risk to anyone who comes into contact with it, and the water is likely heavily contaminated. There is also the danger posed by pythons, Nile Monitor Lizards and alligators.Flood watch! South Florida pummeled by torrential showerslast_img read more

Artesians Get Bjorked in Loss to Stars

first_imgFacebook1Tweet0Pin0Submitted by Oly Town ArtesiansThe Evergreen Premier League’s all-time leading scorer scored once in the third minute, again in the 20th, added another in the 74th, and once more in the 88th to lead the first place Seattle Stars to a 6-1 victory over the Oly Town Artesians on Saturday evening at French Field in Kent.Oly Town Artesians starters for the game against the Seattle Stars. Photo courtesy: Oly Town ArtesiansBjork scored his 42nd goal of his four year EPLWA career early on a sprint down the left side with a shot along the ground that just caught Artesians goalkeeper JJ Olson on a weird angle and squeaked behind him. He then scored his 43rd goal 17 minutes later on a play that looked to the Artesians defense and bench to have been offside. The refs didn’t grant the call and Bjork poked it home to make it 2-0 Stars. MIles Sanchez then put the Stars up 3-0 in the 31st minute with a point blank header off of a rebound of a shot that hit the crossbar in front of him.Oly Town showed some life early in the second half when Kyle Wiese drew a penalty and Surafel Wodajo buried the penalty kick to cut the deficit to two goals. The two teams played even ball for the next twenty minutes before Mamadue Leigh just barely got the top of his head on a corner kick to slightly change the flight of the ball past the goalkeeper to make it 4-1.Bjork finished the Artesians off with two more goals, one in the 74th minute and another in the 88th to give him four in the game and 45 in his career. Seattle improved to 6-1-1 with 19 points to extend their lead in the EPLWA to six points over second place Bellingham.The Artesians fell to 2-4-1 with seven points at the halfway point of the season. They have next weekend off but return to action on Tuesday, June 27 with a road trip to Ridgefield to take on the Vancouver Victory. They return home on Tuesday, July 11 at 7:00 p.m. against the same Victory squad.Keep up to date with the Artesians all season long by visiting the Oly Town Artesians website, following them on Twitter and liking them on Facebook.last_img read more