COVID-19: TNI, ACT to distribute aid to affected residents in parts of Greater Jakarta

first_imgThe Indonesian Military (TNI) and humanitarian organization Aksi Cepat Tanggap (ACT) are set to distribute up to 1,000 tons of rice and 1,000 boxes of drinks for residents affected by the coronavirus outbreak in capital Jakarta and neighboring Tangerang, Depok and Bekasi within the next one month.In the first stage, they are to give out 70 tons of rice packed in 5-kilogram sacks and some 600-milliliter bottles of water to people living in, among others, Tanah Abang, Central Jakarta, Pulau Gadung, East Jakarta, Jagakarsa, South Jakarta, Kebun Jeruk, West Jakarta, Pademangan, North Jakarta, Legok, Tangerang and Bantar Gebang, Bekasi.Military personnel and volunteers with ACT would hand-distribute the assistance from door to door, Antara reported. Read also: Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move”Hopefully, our contribution can ease the burden of the public. We also hope that the COVID-19 pandemic will end soon,” TNI commander Air Chief Marshal Hadi Tjahjanto said in a statement read out by his aide, Lt. Gen. Joni Supriyanto, at the TNI headquarters on Wednesday.He said he also appreciated the help from ACT in channeling the aid. “It’s time for us to unite and support each other.”Aside from the food assistance, the military also planned to donate 25,000 face masks and 10,000 packages of hand sanitizer as many people nationwide faced shortages of such items essential for preventing COVID-19 transmission.As of Thursday — a month since President Joko “Jokowi” Widodo announced the country’s first two confirmed cases — a total of 1,790 people in Indonesia have been infected by the disease, with 170 fatalities, according to the government’s official count.Jakarta had half of the cases with 897 confirmed infections and 90 fatalities. (vny)Topics :last_img read more

​AMF takes €1.2bn hit from discount rate fall in first half

first_imgCommenting on investment returns of assets backing the pension fund’s traditional with-profits pensions, Tomas Flodén, head of asset management at AMF, said: “The various parts of our portfolio have, just as intended in the traditional pension management, parried and complemented each other in a good way during a messy spring.”He said equities had seen the strongest recovery during the second quarter of the year, although the return for this allocation was still somewhat on the minus side at the end of the quarter.“At the same time, our interest-bearing assets have delivered an increasingly positive return, and our real estate assets have also shown a plus,” said Flodén.While traditional with-profit pensions make up the bulk of AMF’s operation, it also provides unit-linked fund investment.In the results statement, AMF reported a rise in total assets to SEK661bn from SEK649bn this time last year, with its solvency ratio dipping to 182% at the end of June from 186% 12 months before.The fund said its five-year and 10-year average annual returns were now 5.9% and 7.1% respectively, compared to 7.3% and 7.9% 12 months ago.Looking for IPE’s latest magazine? Read the digital edition here. Changes to the discount rate used to calculate liabilities depressed group profit of Swedish pension provider AMF by SEK12.4bn (€1.2bn) in the first six months of this year, pushing its business result into the red, according to interim financial results published today.The blue-collar pension fund said investment returns rebounded in the second quarter as markets picked up following March’s coronavirus lows, but it still posted a 1.4% investment loss for the first half.Reporting its group business result, AMF – Sweden’s second-largest pension provider after Alecta – revealed a SEK12.0bn loss, compared to the group profit of SEK31.6bn it declared in the same period last year.However, in notes to these figures it said changes in the discount rate had an impact on earnings of -SEK12.4bn in January to June 2020. Changes to the rate, which guides adjustments to liabilities, had reduced earnings in the same period a year before by SEK15.0bn, the notes showed.last_img read more