As the next step, Bank Bukopin will hold a general shareholders meeting to officiate Kookmin Bank as its majority shareholder, the statement also reads.Holding company PT Bosowa Corporindo currently owns a majority stake in Bank Bukopin with 23.39 percent of total shares.OJK support stems from the capital issues suffered by Bank Bukopin over the years, as its third-party deposits have nosedived by Rp 15.67 trillion ($1.1 billion) since December 2019, OJK data show.The financial authority said in a statement that “the unresolved liquidity issues may endanger the stability of the financial system”. Topics : The Financial Services Authority (OJK) has confirmed that one of South Korea’s largest banks, KB Kookmin Bank, is currently finalizing its acquisition of publicly listed Bank Bukopin, which had been struggling with liquidity issues for years.Kookmin Bank, which currently owns 22 percent of Bank Bukopin, deposited US$200 million into an escrow account on Thursday as part of its commitment to acquiring the Indonesian bank’s shares, according to the OJK.“At the moment, [Kookmin Bank is] finalization the legal and administrative part of the acquisition, after gaining principal approval from the OJK for it to become the majority shareholder of Bank Bukopin,” OJK public relations and logistics deputy commissioner Anto Prabowo said in a written statement published on Monday. Bank Bukopin’s third-party deposits stood at Rp 80.81 trillion by the end of 2019, a 6.12 percent increase from the previous year, before declining by Rp 4 trillion in March.Meanwhile, its non-performing loans (NPL) ratio stood at 5.39 percent as of March 31, higher than that of Indonesia’s aggregate banking industry, which recorded an NPL rate of 2.77 percent during the same period. Over the years, the bank continued to book an NPL rate higher than the industry average. By the end of 2019, its NPL was recorded at 5.99 percent and in 2018, 6.67 percent. The banking industry’s NPL was at 2.53 percent and 2.37 percent, respectively. The bank’s capital adequacy ratio, which measures a bank’s financial strength, fell from 13.41 percent in 2018 to 12.59 percent in 2019, which lower than the banking industry’s 23.40 percent.Bank Bukopin operations and IT director Adhi Brahmantya said in a written statement published on Thursday that Kookmin Bank’s acquisition process was ongoing as it was still coordinating with regulators in Indonesia and South Korea. Piter Abdullah, research director of the Center of Reform on Economics (Core) Indonesia, told The Jakarta Post on Friday that the proposed acquisition was positive as Kookmin Bank could help bring out Bank Bukopin’s potential. “Investors are not looking at the current unsafe condition, rather, they are looking at future potentials by considering what Bukopin has right now and what they can act upon,” Piter said over the phone. He added that the banking industry was prone to a domino effect, so the country’s regulator should focus on solving the problem.Aviliani, a senior economist of the Institute for Development of Economics and Finance (Indef), told the Post on Friday that capital injections from foreign banks into the country’s banking industry was needed amid sluggish growth in the former’s capital.“In our country, financial literacy is lacking. But on the other hand, we need a lot of funds to finance investment, be it state-owned or private.” Aviliani noted that Indonesian banks’ net interest margin (NIM), an indicator of banks’ profitability and growth, was still considered attractive, despite the downward trend. Hence, foreign banks were still willing to pay handsomely for ownership in local banks, she said. According to OJK data, Indonesia’s NIM was at 4.31 percent in March, down from 4.81 percent in February. Investors responded positively to the news of Kookmin Bank’s acquisition of Bank Bukopin. Following the publication of the OJK and Bank Bukopin’s announcement on Thursday, Bank Bukopin’s shares, traded on the Indonesia Stock Exchange (IDX) under the code BBKP, soared by 22 percent to Rp 206 apiece, becoming one of the biggest market movers of that day. On Monday, the stock dropped into the red zone by falling 3.4 percent at 13:55 p.m., while the JCI was down by 1.04 percent.
Rescuers had to get in the icy water to attach the whales, a species of oceanic dolphin that grow to 7 meters long and can weigh up to 3 tons, to slings and then guide the animals as boats dragged them out to deeper water.”We settled on a method where we get a sling placed under the whale, that’s attached to a boat (and) we also have crew in the water,” said Nic Deka, a regional manager of Tasmania’s Parks and Wildlife Service, at a news conference.More than 60 people are involved in the rescue effort, including local fishermen and volunteers. They wore wetsuits and were working in shifts to prevent hypothermia.Scientists do not know why whales, which travel together in pods, sometimes beach themselves but they are known to follow a leader, as well as gather around an injured or distressed whale. Rescuers set free around 25 whales on Tuesday that were marooned on a sandbar off the remote west coast of Tasmania in one of Australia’s worst beaching events, and hope to save more in coming days.Government scientists said about 90 of the 270-strong pod of pilot whales have died since they were spotted from the air in shallow water off the rugged coastline on Monday.Footage showed large numbers of the animals prone on a wide sandbar at Macquarie Harbor, about 200 kilometers northwest of the state capital Hobart, while others floundered in slightly deeper water. Topics : Kris Carlyon, a wildlife biologist with the state government conservation agency, said rescuers would give a new estimate of how many whales had died on Wednesday, but expected to free the remaining animals at a higher rate.”We’re dealing with large, distressed animals, for several days at a time, and it does take an emotional toll sometimes,” Carlyon said. “This is a natural event so we can accept that we’re going to lose some animals. We’re focusing on having as many survivors as we can.”
Citing data from Morningstar, Aon pointed out that smart beta ETFs had $797bn (€724bn) of assets at the end of 2018, having grown at a compound annual growth rate of 29% between 2012 and 2018. However, they still represented 20% of the total ETF market, which stood at $5bn at the end of 2018.By comparison, passive funds at large, including ETFs and mutual funds, went from 14% of the US market in 2005 to 37% by the end of 2018.In terms of valuations, since 2012 the momentum factor has become increasingly expensive compared with the MSCI World, while low volatility and quality have not risen to the same extent, as measured on a price to earnings basis.Given the strong performance of the equity markets, these movements are to be expected, according to Aon, and are not explained by the growth of fund flows into factor strategies.The paper said: “Overall, the evidence for overcrowding is weak. From a flows standpoint, factor-based funds have certainly been popular, but this popularity has been dwarfed by the wider trend towards passive investing and away from active investing.” Despite the significant flows into factor investing strategies, fears about overcrowding are not justified, according to Aon.In a paper titled Factor Investing – Standing out from the Crowd, the consultancy makes the case that the evidence of overcrowding in factor strategies is not strong enough to support the idea that flows into the sector are eroding factor premiums on a permanent basis.Andrew Peach, principal consultant and one of the authors of the paper, said: “Given the growing popularity of factor strategies, clients often ask us, if everyone is doing this, does the benefit go away?“Our principal stance is that these are separately identifiable rewarded risks that exist for structural reasons. Therefore, even if everyone piles in, these risks should not be arbitraged away.” He added: “Each of the individual factors can operate its own cycle. They can be relatively more or less attractive than their peers over the market cap index at any given time. But these premia exist because there are risks that not everyone wants to take.“As a result, these premia for allocating to a risk factor ought to remain on a long-term basis.”It is unrealistic to foresee a situation where factor premiums are wiped out completely, owing to the majority investors allocating to factors, said Peach.“There is always a role for active management in price discovery. At the same time, it is highly unlikely that investors would allocate to factors defined in the same way.”The consultancy used trends in investor flows and relative valuations as a proxy for overcrowding. The growing popularity of factor strategies has to be put into context with the remarkable growth of passive strategies, according to Aon’s paper. “Likewise, from a valuation standpoint, the evidence suggests variability and certainly some periods when a particular factor has become more expensive relative to history and the market cap index. But it does not suggest anything permanent or particularly concerning.”However, the consultancy noted that on a long-term basis, the premiums for the value and momentum factors have fallen. Possible explanations for the erosion of the value premium are the strong weight of financials within value portfolios and the strong performance of the technology sector within market cap indices.The erosion of the momentum factor is linked with the behaviour of the whole market cap index, which has been increasingly momentum-driven, according to the paper.While overcrowding should be a concern, Aon said that the erosion of certain factor premiums must be watched closely.The spread and variability of relative valuations support the case for a multi-factor approach, added Aon.
Published on February 1, 2018 at 7:36 pm Contact Charlie: email@example.com | @charliedisturco Syracuse football announced several changes to its 2019-2021 nonconference schedule on Thursday evening, according to a press release. The only addition to the schedule is a home-and-home series against Rutgers in 2020 and 2021. Originally the Orange had agreed to play Wisconsin, but the series was canceled back in December. SU will travel to Rutgers on Sept. 12, 2020 before hosting RU in the Carrier Dome on Sept. 11, 2021.“We are very pleased to renew this series,” SU Director of Athletics John Wildhack said in the press release. “Rutgers is one of our traditional Northeast opponents, and we had some great games when both schools were in the BIG EAST.”Also included in the changes is the rescheduling of Holy Cross, which will now be played on Sept. 28, 2019, as opposed to the original date of Aug. 31, 2019.The Orange also announced the dates for its season openers against Liberty and Albany. Syracuse will travel to Lynchburg, Virginia, to face the Flames on Aug. 31, 2019 and the Great Danes Sept. 4, 2021.AdvertisementThis is placeholder textThe 2019 non-conference schedule is complete for SU, but the Orange still has two spots to fill in 2020 and one in 2021. The updated schedule and dates are below:2019Aug. 31 at LibertySept. 7 at MarylandSept. 21 vs. Western MichiganSept. 28 vs. Holy CrossACC home games: Boston College, Clemson, Pittsburgh, Wake ForestACC away games: Duke, Florida State, Louisville, NC State2020Sept. 12 at RutgersOct. 17 vs. LibertyACC home games: Florida State, Georgia Tech, Louisville, NC StateACC away games: Boston College, Clemson, Pittsburgh, Wake Forest2021Sept. 4 vs. AlbanySept. 11 vs. RutgersSept. 25 vs. LibertyACC home games: Boston College, Clemson, Pittsburgh, Wake ForestACC away games: Florida State, Louisville, NC State, Virginia Tech Comments Facebook Twitter Google+
Brothers Joe and Danny Varello walked up to the faceoff X with the score knotted and less than 10 seconds remaining. The elder, Navy’s Joe, edged his younger brother on the clamp and swam free off his attempt at defense around the 40-yard line.“Our decision on that face off was to set our guys back,” Joe said. “And if I could push the ball forward, to try and make a play.”The senior faceoff specialist then moved the ball over to Jeff Durden. The long-stick midfielder bobbled the pass. The ball lay loose on the turf. Joe scooped it off the bounce, his younger brother trailing behind him. The elder brother rifled a shot to the top left of the cage past SU goalkeeper Dom Madonna.With less than a second remaining, Joe emphatically fist pumped into the air before welcoming his teammates around him to celebrate the game-winning goal. Danny’s head hung, slowly walking away form a deflated SU team. Published on April 21, 2018 at 4:30 pm Contact Josh: firstname.lastname@example.org | @Schafer_44 Joe Varello’s final face-off win and subsequent goal were the deciding factors in a back and forth game for No. 9 Syracuse (7-5, 4-0 Atlantic Coast) against No. 14 Navy (9-4, 7-1 Patriot) in a 13-12 Midshipmen victory. The last time SU and Navy played was in the 2004 National Championship, with SU winning by one goal. Fourteen years later, the back and forth continued. Syracuse narrowly won the groundball battle by three, while Navy bested SU by two shots. The Midshipmen turned the ball over twice more than SU. Stephen Rehfuss posted seven points to Navy’s Jack Ray’s six. But in the end it was the matchup that had been hyped all week, brother against brother, that decided the game. Joe won 16 faceoffs to Danny’s 11.“To come here in the Carrier Dome, get behind a couple of goals and win it, especially at the end like they did, my hat’s off to the them,” Syracuse head coach John Desko said. “And Joe did a terrific job at the end and to get rewarded with a goal, he’ll probably remember that for a long time.”The brothers split the first two faceoffs of the game but Navy scored twice while Syracuse struggled to finish. Midway through the first quarter, Rehfuss snagged a loose ball and threaded a pass 20 yards toward the cage and SU attack Nate Solomon. On the doorstep, with no one but the Navy goalkeeper to beat, Solomon was stuffed. Navy retained possession.The next time SU had the ball, Rehfuss fed Bomberry in the middle of Navy’s zone defense. The shot clung off the crossbar. SU snatched the ball once more and this time, Rehfuss’ feed didn’t go to waste. As the redshirt sophomore attack ran away from the cage along the hash marks, he fed to the other pair of dashes, where Bomberry streaked toward the cage. He caught and shot the pass all at once for Syracuse’s first goal.Navy led for much of the first half, with Joe and Danny drawing a near stalemate at the faceoff X (SU entered the half leading 7-6 in draws). Syracuse rattled off three-straight goals to close the second frame out, one directly off a Danny faceoff win, and two more off assists from Rehfuss.In the second half, momentum swung, repeatedly. First, Navy recaptured a multi-goal lead with a sweep from Greyson Torain in which the junior midfielder ran from the left hash marks all the way through the right side of Syracuse’s defense before scoring on the run. Then, Ray picked up a shot off the back of the SU net and swung around the crease for a tuck-in finish.Then, everything went SU’s way. Rehfuss scored along the right-side wing from one knee on a sidearm shot. Solomon fed Curry from the X for a spot-shot goal. And a Rehfuss feed, which he admitted postgame was intended for Brendan Bomberry, found the stick of David Lipka for Syracuse’s first lead of the game.“It looked like the third quarter the tide turned,” Navy head coach Rick Sowell said. “They went ahead but we kept fighting back and then they’d go ahead, probably didn’t look great when we were down two but then we fought back to tie it, then they go up again, just back and forth.”With about a minute remaining in the game and the score back even, Tucker Dordevic rang along the left hash mark with a defender beside him. As Dordevic quickened his steps, the Navy defender struggled to keep pace. When Dordevic slammed both feet into the ground, initiating his roll dodge, the Navy defender continued past the SU midfielder. Out of the spin and with newfound separation, Dordevic cranked a low screamer past Navy’s goalkeeper for what would have been his second game-winning goal of the season.But after gaining possession on the ensuing faceoff, SU couldn’t hold onto the ball. Rehfuss was jumped down low and coughed up possession. Down at the other end, Ray had a step on his defender in the heart of the SU defense. He caught a feed from John Salcedo and scored with less than 10 seconds left. Then, Joe Varello beat his younger brother Danny, and eventually the Syracuse Orange.“I was just out there trying to put forth the best effort for my team and I looked at this as Navy versus Syracuse,” Joe said. “And then once that final whistle blew, he was back to being my brother again. But for the 60 minutes during the game, I tried to look at Danny as just No. 42 on Syracuse.” Comments Facebook Twitter Google+
Syracuse picked off a Western Michigan pass four defensive plays into the 2018 season. It was the Orange’s first interception in nine games, dating back to September of 2017.Junior Scoop Bradshaw pounced on a WMU receiver as he brought the pass in on a short comeback route. The ball flew high in the air and freshman safety Andre Cisco snatched it, grabbing the first of two interceptions in a 55-42 win over WMU.Syracuse (3-0, 1-0 Atlantic Coast) has intercepted its opponent in three consecutive games to start the season. In 2017, the Orange tallied four interceptions in a three-game span before not intercepting an opposing quarterback’s pass for the final eight games of the season. SU finished the year ranked 115th in turnovers. Entering Saturday’s game against Connecticut (1-2, 0-1 American Athletic), which averages an interceptiocn thrown per game, Syracuse is tied for seventh in the country with six interceptions, four shy of its highest mark under Dino Babers.“It’s kind of like a batting average in baseball,” Babers said. “You go back and check how many opportunities we had for interceptions and how many we made last year, I bet you our batting average would be really low. You go back to how many times we’ve touched the ball this year and we had a chance for interception and how many times we’ve got that ball, I bet you our batting average is really high.”Syracuse doesn’t have a turnover chain like the University of Miami or celebrate “securing the bag” like FSU, but it does have what Chris Fredrick called the “turnover tape.”AdvertisementThis is placeholder textThe redshirt junior defensive back said defensive coordinator Brian Ward sat his unit down in the spring and played a lowlight reel which contained all of SU’s missed opportunities to take the ball away in 2017. Some were dropped interceptions. Others were forced fumbles the Orange didn’t scoop. Even the defensive line was featured when it could’ve swiped the ball from the quarterback’s arm.In practice, the secondary unit runs a turnover circuit, redshirt senior defensive back Antwan Cordy said. Among other drills, SU players run through a classic tip-drill, in which players run at an oncoming pass and tip it in the air to the person behind him in line. When the ball reaches the last player, he secures the interception.“Turnovers are important, it’s easy to get the momentum going. If we have a turnover, we could be in a hole but once a turnover comes,” said Cordy as he snapped his fingers, “we got the momentum now.”Fredrick said he “can’t be sure” as to why there has been an influx in turnovers this season. He and Cordy both noted the secondary’s coverage of routes this year have been tighter. Cordy added the team’s disguised coverages — shifting from zone to man just before the snap — have led to mistakes by opposing quarterbacks.In Week 2, Cisco picked off Wagner quarterback T.J. Linta on consecutive third downs. The first came off undercutting a drag route in man coverage and the second came out of a robber look in which Cisco shifted down toward the line of scrimmage just before the snap. On both plays, Cisco started the play in a different spot than the quarterback last saw him, leading to Cisco jumping routes.Both Cisco takeaways granted the Orange possession inside the Wagner 30-yard line. SU’s interceptions have landed SU inside its opposition’s 35-yard line five of six times, leading to 17 points off turnovers. “Someone says ‘Oh that guy doesn’t have to catch, he’s a DB,’” Babers said after the Wagner game. “Well if there’s a DB that knows how to catch it can be a huge weapon.”Babers attributes the turnover increase to an improved pass rush. When a defensive linemen is barreling at a quarterback, it limits time to make the throw with proper mechanics and judgement.Against Florida State, Syracuse’s defensive line knocked down Deondre Francois nine times, four of which were sacks. Defensive linemen Kendall Coleman noted after the 30-7 win, “It was pretty visible he was feeling us,” of the Syracuse pass rush.In the second quarter, Francois had time, but his unsteady feet, often a product of heavy pass rush, showed. The redshirt junior dropped back and threw a line drive down the seam toward a receiver running a vertical route. Fredrick, who noticed on film that Francois had a tendency to throw passes with little loft, undercut the pass for an interception.Even after the interception, Ward told his defense they needed more turnovers, Fredrick said. Syracuse could have had three more, had they recovered any of their forced fumbles this season. Perhaps those will make the tape Ward shows. For now, Syracuse’s focus hasn’t wavered.“We have to get turnovers,” Cordy said. “That’s our mindset … turnovers, turnovers, turnovers, turnovers.” Facebook Twitter Google+ Published on September 19, 2018 at 10:36 pm Contact Josh: email@example.com | @Schafer_44 Comments
Meanwhile, Drom-Inch overcame the challenge of Holycross-Ballycahill on a 4-15 to 1-16 scoreline to book their place in the final.The match took a turn in their favour during a dramatic few minutes early in the second half.During that period of play they registered goals from Kevin Butler and Seamus Callanan, who also had a penalty saved. Loughmore – who were beaten in the 2015 decider – defeated Moycarkey-Borris 4-24 to 1-16 in the first of a semi-final double-header in Boherlahan.Unsurprisingly, the extended McGrath family played a major part in their victory.Noel got two of the victors’ goals with John and Liam also finding the net.
Mrigank Pandey Written By LIVE TV The WWE Hell In A Cell pay-per-view played host to some intense matches. One such match was the contest between the WWE Universal champion Seth Rollins and “The Fiend” Bray Wyatt. Wyatt had been terrorising Rollins for weeks now and Rollins had every reason to put this nightmare behind him. While the match ended with Rollins remaining the Universal champion, The Fiend was the one to have the last laugh.ALSO READ | WWE Hell in a Cell results: Reigns and Bryan defeat Harper and RowanThe Invincible FiendThe Fiend was nearly invincible as Rollins tried everything he could to inflict damage on The Fiend. Rollins used a Kendo stick on Wyatt only for him to turn around and demonstrate his capability to take more. Rollins then proceeded to use a Table on the Fiend and tried to pin Wyatt, only for him to kick out at one. ALSO READ | WWE Hell in a Cell 2019 results: Becky Lynch takes down Sasha BanksAfter that, Rollins went on to perform multiple stomps, a pedigree and lot of blows on the Fiend. Wyatt kicked out at one to Rollins’ horror. The Beast Slayer then decided to end The Fiend once and all. He brought out a chair, used a ladder and even used the toolbox. He tried everything that he could get his hands on. The Fiend laid lifeless as Rollins got a sledgehammer. The referee insisted Rollins to not use the sledgehammer as it was “not who he is”. Rollins took a pause and proceeded to hit the Fiend with the sledgehammer out of nowhere. Last Updated: 7th October, 2019 11:04 IST WWE Hell In A Cell: The Fiend Terrorises Seth Rollins In Main Event In the WWE Hell In A Cell PPV, Seth Rollins faced “The Fiend” Bray Wyatt for the WWE Universal Championship. Read more for details and the match result. COMMENT First Published: 7th October, 2019 11:04 IST The referee called off the match as the medics brought in the stretcher to take the lifeless Wyatt out of the ring. Rollins contemplated his actions and then proceeded to Wyatt and tried waking him up. To his horror, Wyatt had him in a chokehold and got up to put him in the Mandible Claw. He then performed a Sister Abigail on Rollins before taking him outside the ring where he delivered yet another Sister Abigail to Rollins on bare floor. He then took out Rollins with the Mandible Claw as the event ended.ALSO READ | Brock Lesnar to Bobby Lashley, wrestlers who have excelled outside WWE ALSO READ | WWE RAW: Charlotte Flair’s toughest in-ring competitors in the WWE SUBSCRIBE TO US FOLLOW US WATCH US LIVE
President of Ghana John Dramani Mahama has charged the Ghana Football Association to focus on building a strong Black Stars team to qualify for the 2014 World Cup in Brazil.Ghana will be chasing a third successive appearance at the World Cup after participating in the 2006 and 2010 tournaments.The Black Stars recently failed to win a fifth Nations Cup title at the Africa Cup of Nations tournament in South Africa and President Mahama wants the FA to forget about their disappointments and focus on qualifying for the World Cup.“I urge the GFA to take the necessary steps to building a more formidable team that will not only qualify for the World Cup but will surpass the achievements of their predecessors,” said His Excellency John Mahama at his first State of the Nation address to Parliament on Thursday.Ghana will resume its campaign in the 2014 World Cup qualifiers next month against Sudan.