NHP aims high with £124m to raise for expansion

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Nissan formally closes Indonesian factory

first_imgAutomaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.Japan’s Nissan Motor Co. stated on Thursday that the company was taking robust action to improve efficiency, which included the closure of its manufacturing facility in Indonesia. It also closed its Barcelona plant, the Spanish government confirmed. The decision to stop its operations in Purwakarta was part of the company’s optimization plan, which includes “rightsizing” and reorganizing its business operations, NMI president director Isao Sekiguchi said in a statement earlier in March, as quoted by Tempo.co.NMI had opened its Purwakarta factory, which assembles several models, including the Nissan March, X-Trail and Serena, in 2014. It also produced models for the Datsun brand, namely Datsun Go Panca and Datsun GO+ Panca.Car sales in Indonesia nosedived in April by more than 90 percent year-on-year (yoy) to 7,871 units, according to data compiled by diversified conglomerate PT Astra International, as the economic impact of COVID-19 affects vehicle demand.The Association of Indonesian Automotive Manufacturers (Gaikindo) cut its domestic car sales target this year by 40 percent to just 600,000 units and its car export target to 175,000 units from the initial target of around 350,000 and 400,000, the association’s chairman Yohannes Nangoi has said.Topics : NMI’s spokesperson Hana Maharani said Nissan Motor Co.’s announcement formalizes the closure of NMI’s factory in Purwakarta, West Java, which had stopped activities in March.“We have stopped our production line back in March. Therefore, the next step taken is to close the facility,” she said in a text message to The Jakarta Post on Thursday, adding that the announcement only served as a “formality.”As Japan’s Nissan factory in Indonesia is facing closure, the company is concentrating on its plant in Thailand as the single production base in ASEAN, its statement reads.Nissan Motor Co. said in April that it expected an annual operating loss of up to 45 billion yen (US$417 million), its worst performance since the 2008-2009 financial crisis.last_img read more

Alternatives boost returns at Dutch, Danish schemes – OECD

first_imgThe report says that, while a limited number of countries increased their exposure to alternatives over the past decade, those where an increase occurred are among the largest pension markets in the world – including the UK and Canada, where exposure grew by 12.8 and 8 percentage points, respectively.“It is interesting to note,” it adds, “that pension funds in the two countries that experienced among the highest returns in 2014, over the last five years and over the last 10 years, have also moved towards alternative asset classes over the last 10 years.”The report goes on to note the high annual, five-year and 10-year returns achieved by Danish and Dutch pension funds, which have seen alternatives increase by 11 and 4.6 percentage points, respectively.“The shift towards alternative investments seems, therefore, to have resulted in higher returns so far in these two countries,” it concludes.A survey by LCP Netherlands recently found that the sector’s drive for higher yield had all but wiped out cost savings achieved in other areas. The OECD also examined how the search for yield had been expressed through growing geographical diversification.However, it also found that the Danish defined contribution sector had seen a resurgent home bias, and at the end of 2014 only invested 25.2% of assets outside Denmark.,WebsitesWe are not responsible for the content of external sitesLink to Pensions Markets in Focus 2015 report Danish and Dutch pension funds have enjoyed some of the highest average returns over the last decade due to their growing exposure to alternatives, the OECD has suggested.The think tank noted the correlation between increased exposure to non-traditional assets – those falling outside bonds, equities, cash and deposits – and the 15% returns seen across Danish and Dutch pension funds in 2014.Both countries also reported annualised returns over the decade to 2014 of around 5%, which the OECD’s 2015 Pension Markets in Focus linked to the growing diversification of investments as pension funds sought out higher-yielding asset classes.The findings come after the OECD earlier this year warned about the risks of an “excessive” search for yield by pension funds, and marked its first attempt to show how asset allocation had changed in the years since low interest rates began causing problems for investors.last_img read more

North vs South – where’s the best place to live on the Gold Coast?

first_imgKyle and Kimberley Bate are selling their Labrador house to move further south with their son Lennox. Photo by Richard GoslingMr Bate said they liked the northern suburbs because they were closer to Brisbane and the Broadwater but wanted to be closer to the south’s surf.“The main thing for us is getting closer to the beach,” he said.REIQ Gold Coast zone chairman Andrew Henderson said lifestyle was one of the biggest factors that determined where people lived, as well as affordability and proximity to amenities like public transport and schools.MORE: Top five apartments to watch the GC600 1. Coolangatta – 16.52. Tugun – 16.23. Gaven – 16.14. Bilinga – 15.95. Hollywell – 15.26. Miami – 14.77. Palm Beach 14.58. Currumbin Valley – 14.59. Mermaid Waters – 14.310. Currumbin Waters – 13.8 Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45 Gold Coast display home takes top awards Development in the northern suburbs, including the new Westfield Coomera, is attracting more residents. Picture Glenn HampsonLJ Hooker Pacific Pines/Helensvale principal Pascal Pierre said easy access to both the Glitter Strip and Brisbane made the north appealing to buyers.“We’ve got people who work in Brisbane so being on the northern end of the Coast makes it that much easier,” he said.“You tend to get newer homes here. There’s more new land development up north as well.”New infrastructure including the light rail and Westfield Coomera as well as more opportunities to build were also factors Mr Pierre said attracted residents. Rivalry aside, he said more people would move to the northern suburbs in the next few years because it had the most room to grow.More from news02:37International architect Desmond Brooks selling luxury beach villa14 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“I think because you’ve got limited supply in the south, that will increase prices,” he said“But I still think that while there are jobs here and people want to move to the Gold Coast, that northern corridor will see the vast amount of expansion.“The infrastructure seems to follow quite quickly too.” Where’s the best place to live on the Gold Coast?IT is the simple question every house hunter asks themselves before deciding where to live on the Gold Coast – north or south? And how long will they stay settled?Rivalry between the two regions isn’t as strong on the Coast as it is in other cities like Brisbane, but as the population and economy grows the division is becoming more prominent.Property experts say the areas differ in terms of what they have to offer but there are benefits to living in both.According to latest CoreLogic data, eight of the top 10 longest-held suburbs are in the south with Coolangatta claiming the top spot at 16.5 years. The Gold Coast’s southern suburbs are known for great surf.Ray White Mermaid Beach agent Troy Dowker said the data was no surprise.“Up north, it’s got more of a transient tourist feel. There’s a community feel in the southern suburbs,” he said.“Because it’s got such a good community vibe, people get in their comfort zone, they get a strong emotional attachment to the area.”He said there was a lot to love about the south, including the surfing beaches, low density living environment, national parks and estuaries.“Those spots are so popular on the weekend and they are pretty safe environments for families,” he said.Kyle and Kimberly Bate have listed their Labrador home on the market so they can move further south with their son, Lennox. Top 10 longest held suburbs (years):last_img read more

No guarantee cannabis treatment will work for teen in coma

first_imgOneNews 11 June 2015There is no guarantee an experimental cannabidiol treatment that will be used on a Nelson teenager in an induced coma will work, experts say.Doctors treating 19-year-old Alex Renton have been given approval by Associate Health Minister Peter Dunne for the one-off use of Elixinol, a cannabidiol (CBD) product from the United States.Mr Renton has been in Wellington Hospital since early April suffering from a form of prolonged seizure, known as status epilepticus.Doctors have tried more than 20 medications to treat him, but none have worked.University of Otago senior lecturer John Ashton says there’s no evidence Elixinol will work either.“This is uncharted territory,” he said.http://tvnz.co.nz/national-news/uncharted-territory-no-guarantee-cannabis-treatment-work-teen-in-coma-6335891last_img read more

Ripley County underage drinking party investigation ongoing

first_imgHolton, Ind. — Acting on a tip, Ripley County Sheriff’s deputies made several arrests at an underage drinking party last week in the Holton area.When police arrived to the home on County Road 400 West just after midnight on June 14 several partygoers began to flee. Six people under 21 have been charged with alcohol related offenses including the host Emma Wilhoit. Those arrested were Isaiah Begley, Kylan Brandt/Gray, Mackenzie Black, Christopher Begley and Danielle Baugh.Police allegedly found numerous alcohol containers and evidence of a “beer pong” game being played.The owners of the home, Paul Tunny and Melissa Wilhoit, told police they were sleeping inside and had no idea how many guests were in the home, but they did give Emma Wilhoit permission to have a party. They have not been charged.Melissa Wilhoit is a teacher at South Ripley High School. Administrators have acknowledged the severity of the situation but have not decided what action to take, if any.Ripley County officials say the matter remains under investigation by law enforcement.last_img read more

Goodyear Blimp Set to Fly in Tribute to Local Healthcare Workers

first_imgThe Goodyear Blimp is scheduled to get back into the skies over South Florida this week, but not for a sports event.Rather, Goodyear says its Wingfoot Two blimp will be flying above hospitals in our region on Friday and Saturday, as way to honor to honor medical professionals who are fighting the coronavirus pandemic every day.Residents are being encouraged to maintain social distance and watch the blimp from their homes.After visiting the hospitals, the blimp will fly over Medalist Golf Club in Hobe Sound on Sunday.That is where golf players Tiger Woods and Phil Mickelson, along with football stars Tom Brady and Peyton Manning, will be competing in a golf match to raise money for COVID-19 relief efforts.The Goodyear blimps have remained on the ground since mid-March, when most sports went on hold.Wingfoot Two’s schedule, weather permitting, will be as follows:Friday, May 22:-Noon – 12:15 p.m. Overhead Cleveland Clinic, Weston-12:15 – 12:45 Travel to Mt. Sinai-12:45 – 1 Overhead Mt. Sinai-1 – 1:15 Travel to Memorial-1:15 – 1:30 Overhead Memorial-1:30 – 1:45 Travel to Broward Health-1:45 – 2: Overhead Broward Health-2:00 – 2:15 Travel to Holy Cross-2:15 – 2:30 Overhead Holy Cross-2:30 – 2:45 Travel back to Pompano Beach baseCourtesy: Goodyear via WPLG/MiamiSaturday, May 23:-11:15 – 11:30 a.m. Depart Pompano Beach base-11:30 – 11:45 Overhead Broward Health North-11:45 – Noon Travel to Boca Raton Regional Hospital-12:00 – 12:15 p.m. Overhead Boca Raton Regional Hospital-12:15 – 12:30 Travel to Delray Medical Center-12:30 – 12:45 Overhead Delray Medical Center-12:45 – 1 Travel to Bethesda Hospital East-1 – 1:15 Overhead Bethesda Hospital East-1:15 – 1:30 Travel to JFK Medical Center-1:30 – 1:45 Overhead JFK Medical Center-1:45 – 2 Travel to Saint Mary’s-2:00 – 2:15 Overhead Saint Mary’s-2:15 Depart Saint Mary’slast_img read more

DCC congratulates Nedd on maiden first-class call-up

first_imgPRESIDENT Roger Harper, Executives and Members of the Demerara Cricket Club (DCC) would like to congratulate the club’s young sensation, Ashmead Nedd, who recently earned his maiden first-class call-up.Nedd, following the 2020-2021 West Indies Professional Players Draft for the Colonial Medical Insurance Super50 Cup and the West Indies Championship, was snapped up by the Leeward Island Hurricanes for the upcoming season.The club, which has always facilitated the young man’s development, is keen to continue doing so even as he will be resident abroad.Needless to say, this opportunity with the Hurricanes set-up will land him in good stead moving forward and we, the members of DCC, urge him to grasp it with both hands and use it as a stepping-stone to earn opportunities at the highest level.“We have no doubt that he will continue to do well since the 19-year-old, who is a left-arm spinner by trade, was one of the leading performers for West Indies at the ICC Under-19 World Cup in South Africa earlier this year. He was also part of West Indies Emerging Players unit that won the Colonial Medical Insurance Super50 Cup last November. Before then, Nedd had been one of the flagship players of the club.Like so many others, he came through the junior ranks, ironically via a programme, designed and implemented by his father and coach, Gavin Nedd. He went on to play, captain and acquit himself well for Guyana at all the age group levels and so his transition to the first-class level comes as no surprise to us.Once again, DCC would like to congratulate Nedd and wish him well as he strives to make his family, club, and Guyana proud.”last_img read more

USC stumbles late again in weekend tournament

first_imgThe No. 14 USC men’s golf team slogged through another poor final round Monday at the Ping/Golfweek Invitational and finished the tournament in seventh place at 33-over 897.The Trojans entered the final day of play tied for third but struggled down the stretch. USC shot 16-over 592 for the first two rounds.“It’s unfortunate that we finished the way we did but we have a young team. We’re playing against strong fields on great, tough golf courses and I don’t think we’re very far off,” coach Chris Zambri said.No. 3 Oklahoma State, coming off of a second place finish at the Olympia Fields Invitational, blew away the field Monday en route to a commanding victory. The Cowboys shot 2-under 862 for the weekend and swept the top three individual finishes. Sophomore Peter Uihlein took the victory for Oklahoma State, followed by teammates Morgan Hoffmann and Trent Whitekiller.Zambri said that kind of gap between the victors and the rest of the field is rare, although it can happen with a team as talented as the Cowboys.“This is my fourth year and we’ve probably had three events where [there] was a margin of victory greater than 20 strokes,” he said. “It’s possible, especially when you get on the tougher courses. [Oklahoma State] is going to have even more separation when the course gets tough.”Compounding the frustration for the Trojans was their inability to keep pace with the other Pac-10 schools in the tournament. USC was sandwiched between Washington and Arizona State on the leaderboard entering the final round but faltered late for the second consecutive weekend.“If we can go out and shoot 1-under in a given round, there’s no reason why we should shoot 18- and 16-over in two other rounds,” Zambri said. “I’m really disappointed that we lost ground to them and three other teams. We go from tied for third to seventh. It’s unacceptable.”The Huskies finished second at 20-over 884 while Arizona State finished third at 25-over 889.Freshman Martin Trainer led the way for USC, tying for 12th place. Playing in only his second collegiate tournament, Trainer shot a 6-over 222 for his second straight top-20 finish.“For a freshman to come in and play as well as he has on the golf courses that we’ve played on is really impressive,” Zambri said. “It says a lot about his game and we’re really excited about what we have in him.”Junior Matthew Giles had a tournament — and final round — to forget. The returning All-American plummeted down the leaderboard Monday after bogeying eight of the first 12 holes. He ended the day 10 strokes over par and finished the tournament tied for 36th at 12-over 228.“He got off to a tough start and maybe let that affect his play after that,” Zambri said.Freshman T.J. Vogel finished tied for 27th at 9-over 225 and sophomore Steve Lim tied for 32nd at 11-over 227. Freshman Sam Smith, who shot 14-over 230, brought up the rear for the Trojans with a 43rd place finish.Despite some early season inconsistency, Zambri is confident the team will continue to improve as it gains experience.“Sometimes perspective [can get] fuzzy, but when it’s all said and done we’re young, we’re going to get better, and we still haven’t played our best,” he said.USC has two weekends off before it plays at The Prestige tournament in La Quinta, Calif. First-round action will start Oct. 12.last_img read more

Garrett Stubbs has what it takes

first_imgWhat elevates a great player to superstardom is the intangibles — the things you can’t teach. They could have a great jump shot or a hot bat, but they’ll never be Michael Jordan or Babe Ruth without the qualities that made both of those athletes the best in the game. Sometimes you can identify this intangible quality as a player’s attitude, drive or strong mentality. But sometimes you can’t put your finger on what exactly it is that makes this player so important, as if his presence alone is enough to rally his team.USC catcher Garrett Stubbs falls into the latter category of greatness. Garrett came to the plate so many times during the Lake Elsinore Regional when the game was on the line, and his coolness was reassuring. He seemed unfazed by the pressure and was so clutch throughout the entire weekend that he earned the title of Lake Elsinore Regional MVP.Stubbs had a stellar performance behind the plate as well. There was never any doubt that Garrett could throw out a runner trying to steal second. And his pitchers never had to worry about a wild pitch or a passed ball getting by him. He won Pac-12 Defensive Player of the Year for his work behind the plate.Something about his presence at or behind the plate was so convincing in tight situations. Sure he had a great batting average and was a sparkplug on defense, but he had many other intangible qualities that made him invaluable.Stubbs is at a slight disadvantage as he transitions into his professional baseball career. He was drafted in the eighth round of the MLB First Year Player Draft by the Houston Astros. After such a standout senior year, I can only imagine the reason he was not drafted sooner is his height. His 5’10”, 165-pound frame is considered short for professional sports, but especially for catchers, a position that requires girth. But being a catcher also requires the unteachable qualities, something Stubbs has in abundance.Stubbs has racked up the awards this season. In addition to the ones already mentioned he was also named a first team All-American and earned ABCA/Rawlings Gold Glove honors. He is also a finalist for the Johnny Bench Award, the award given to college baseball’s best catcher. The winner will be announced on June 25, and I think Stubbs has a great chance to add another accolade to his growing collection.Being drafted is the first step to a major league career, but it is hardly a guarantee of success. Unlike any other sport, players must first play in the minor league system before being called up to the majors, if they’re ever called up at all.While 5’10” is certainly not an ideal height, it’s definitely not unheard of in the MLB. The MLB has seen players as short as 5’6”. When it comes down to it, Stubbs will need to rely on his special qualities to make it in the MLB. As a Houston native, I’ve been an Astros fan since birth, and now I have another reason to cheer on the ‘Stros. I look forward to the day I hear Stubbs’ name called at Minute Maid.Reagan Estes is a rising junior majoring in public relations. She is also the sports editor of the Daily Trojan. Her column, “Wild Wild Westes,” runs every other Wednesday.last_img read more