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Imperial Riviera is moving into recapitalization

first_imgSource / photo: Valamar Riviera dd, Imperial Riviera dd, Allianz ZB doo S ciljem daljnje profesionalizacije i unapređenja korporativnog upravljanja izabran je novi sastav Nadzornog odbora Imperial Riviere. Imenovana je i nova Uprava u sastavu od dva člana, s mandatom  od 1. veljače 2020. do 31. prosinca 2022. Tako je Vladi Mišu, dosadašnjem predsjedniku Uprave Imperiala, ponovno ukazano povjerenje za novi mandat, te je za drugog člana Uprave imenovan Sebastian Palma, dugodišnji direktor Strateškog planiranja i kontrolinga u Valamaru, koji će u Imperial Rivieri imati ulogu upravljanja financijama i investicijama. Imperial Riviera will realize a recapitalization in the amount of HRK 426 million, which will also mark the beginning of the implementation of a five-year business plan that envisages HRK 1,5 billion in investments in tourism. According to the decision of the General Assembly. Valamar Riviera in the amount of HRK 106 million, AZ pension funds in the amount of HRK 296 million, Allianz Zagreb in the amount of HRK 18 million and Allianz Invest in the amount of HRK 6 million are participating in the recapitalization. The focus of the investment will be on the reconstruction and renovation of the owned facilities and the further expansion of the Imperial Riviera portfolio under the operational management of Valamar. S ciljem širenja poslovanja Imperiala na nove destinacije,po odobrenju Nadzornog odbora od 29.10.2019. godine, Valamar i Imperialpotpisali su ugovor o kupoprodaji hotela Valamar Zagreb u Poreču po cijeni od182,15 milijuna kuna. Već ove zime Imperial će uložiti više od 100 milijunakuna u podizanje kvalitete i repozicioniranje hotela s dodatnim Maro uslugamanamijenjenih obiteljima. Hotel Zagreb dobit će novo ime – Valamar Parentino, teje projekt dio ukupnog plana ulaganja Valamara i Imperiala u razvoj zone Pical.center_img Kristijan Buk, predsjednik uprave Allianz ZB društva zaupravljanje obveznim i dobrovoljnim mirovinskim fondovima  rekao je da je primarni cilj i ovog ulaganja, optimalni prinos za  članoveAZ  mirovinskih fondova. “Increasing the share capital of the joint venture for managing and investing in tourist assets in the region is a logical continuation of Valamar’s successful cooperation with institutional investors,” said Željko Kukurin, President of the Management Board of Valamar Riviera.last_img read more

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Train stations packed as transition into ‘new normal’ begins in Jakarta

first_img“Jakarta is back,” Instagram user @fahmisuhelmii commented on the post. The usual bustle Jakarta is known for returned on Monday morning as commuters packed train stations across the city and its peripheral areas to get to their workplaces for the first time as the capital city has eased large-scale restrictions (PSBB) as it enters the “transition” phase.Instagram account @jktinfo posted a series of photos depicting long lines of commuters at a number of train stations, including Bogor Station, Bojong Gede Station and Citayam Station in West Java. “Corona is having a mukbang,” Instagram user @ahmadkurniadi62 posted in response to the slew of pictures of crowded stations.Read also: Jakarta takes risk of rebound by moving to ‘transitional’ restrictionsThe leaders of Jakarta’s satellite cities, namely Bogor city, Bogor regency, Depok and Bekasi had previously requested for the Transportation Ministry to suspend the operation of the commuter line during PSBB over findings that most confirmed patients in the regions were likely infected while traveling on commuter line trains. The request, however, was denied by the central government, which argued that public transportation must run normally but under several restrictions and health protocols.KCI spokesperson Anne Purba said the company had recorded 150,000 commuters using its services on Monday morning, a significant increase from 80,000 recorded per day on average during the PSBB period.In anticipation of such a significant increase in passengers, the company will resume its normal operations with 935 trips per day.She went on to say that the company had complied with the Transportation Ministry’s regulation requiring the train operator to limit the number of passengers to only 35 to 40 percent of its capacity.“We are now able to serve 74 passengers per train, whereas during the PSBB period we could only serve 60 passengers per train,” Anne said in a statement on Monday.The company, she added, would still implement strict health protocols, such as conducting temperature checks and ensuring compliance with the physical distancing policy among passengers, amid the transition into the new normal.“To ensure the successful implementation of physical distancing measures, the company will block several points in certain stations so that we can still control the number of commuters who have boarded a train and those who remain on the platform,” she said, adding that the company would issue new policies in the coming weeks in accordance with the government’s latest regulations related to COVID-19.Anne called on commuters to stay disciplined and cooperate with field officers to help break the chain of coronavirus infection.“Avoid boarding trains at peak hours to prevent long queues,” she said.Read also: App-based ‘ojek’ resume passenger transportation service in JakartaJakarta Governor Anies Baswedan said on his official Facebook page that he had received reports of increased traffic and queues at several bus stations during the administration’s field supervision on Monday morning.“The outbreak in Jakarta is not over but today marks a period of transition in which several sectors are allowed to resume their activities,” he said.“Alhamdulillah [thank God], based on our supervision, 100 percent of public transportation passengers wore face masks.”Anies noted that traffic across the capital seemed heavier than usual due to the increased use of private vehicles. He also called for an evaluation of the queuing mechanism at a number of bus stations to minimize the risk of viral infection among passengers.The governor decided on Thursday to extend the period of PSBB to the end of June as Jakarta entered the transition phase with gradual easing plans in place for several sectors.During the transition period, the administration will allow houses of worship to resume activities but only at half capacity. The city administration will also allow the mobility of public and private vehicles starting Friday.Other sectors allowed to open include offices, shops, restaurants, factories, retailers and city-owned small and medium enterprises (SMEs) but only at half capacity in the second week of June, while non-food businesses in markets and shopping malls will be allowed to open in the third week.The Jakarta administration began imposing the PSBB on April 10, closing schools and places of worship, restricting people’s mobility and encouraging companies to apply a work from home policy, and has since extended the restrictions three times. Meanwhile, Twitter user @ehpret tweeted a photo showing a crowd of commuters at Bekasi Station.Pagi yang seru di stasiun Bekasi.Para calon penumpang yang tidak terbiasa antre vs Petugas dengan jumlah terbatas 😂 pic.twitter.com/FQOqkPCIIE— ever permadi (@ehpret) June 7, 2020“An exhilarating morning at Bekasi Station. Commuters who are not used to lining up versus a limited number of train officers,” they wrote in the caption.To anticipate an influx of passengers and increased public mobility around the capital, state-owned train operator PT Kereta Commuter Indonesia (KCI) has extended the commuter line’s operational hours to 4 a.m. – 9 p.m.Despite the high-spirited return to a typical workday in Jakarta, some commuters have also taken to social media to express concerns over their safety as crowded stations and trains could prove to be fertile ground for coronavirus transmission, which could potentially lead to a new wave of infection. Topics :last_img read more


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Netherlands roundup: Ford transfers pensions to Aegon

first_imgAt the end of October, its funding stood at 129.7%.In 2018, the pension fund said it could guarantee its continuity until 2020. However, it also noted that its relatively small size made it difficult to negotiate benefits of scale.It also indicated that stricter regulation and internal supervision were driving up costs, and that increased requirements for expertise were an obstacle for filling in board positions.Dutch GP scheme to reassess indexation targetSPH, the €10bn Dutch occupational scheme for general practitioners, said it would reassess its pension arrangements, as it failed to achieve its long-term target for inflation compensation.The pension fund said it hadn’t been able to increase its pensions for several years in line with its goal of the salary index plus 2.25%, which would have amounted to 5.15% for 2020.It cited low interest rates, forcing the scheme to keep additional financial buffers, and said that it expected no improvement soon.SPH said the assessment must make clear whether its current pension plan – dating from 1973 – was sustainable, and whether its indexation target needed to be reduced.It indicated that the reassessment of the pension arrangements would also look at the need for possible adjustments following a significant increase of the number of female participants working part time.In the past, the scheme’s population comprised almost exclusively male GPs working full time.The fund has engaged with Albert Smolenaers of consultancy Aethiqs as an external expert to assist with the assessment process.SPH’s funding stood at 134.5% at the end of December. The €251m pension fund Ford Nederland said it transferred pension rights of its participants and pensioners to insurer Aegon as of 1 January.It announced on its website that the collective value transfer involved the pension assets of approximately 45 workers, 280 deferred members and 985 pensioners.The scheme has been closed to new entrants since 2010, when further accrual contined under insured arrangements.It ran an average salary scheme with conditional inflation compensation for participants affiliated with Ford Netherlands and FCE Bank as well as (former) employees and pensioners of Volvo Netherlands.last_img read more


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Gun, grenades, ‘shabu’ seized

first_imgCharges for violations of Comprehensive Firearms and Ammunition Regulation Act, Illegal Possession of Explosives and Comprehensive Dangerous Drugs Act of 2002 were filed against Epogon./PN Joel Epogon, 35, was not inside his house when officers served him a search warrant around 8:30 p.m. on July 28. Despite this, police went on with the search and seized a hand grenade; a live rifle grenade; an air rifle; a barrelof a .22-caliber gun, a live bullet of an M16 rifle; four live bullets of a .22-caliber gun; an empty M16 rifle magazine; and an empty M14 rifle magazine. Four sachets of suspected shabu were also confiscated. BACOLOD City – Police failed to arrest a man in Barangay San Jose, Sipalay City, Negros Occidental.last_img


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Reed rules at Dacotah Speedway

first_imgAndy Reed raced to his career first Mach-1 Sport Compact feature win Friday at Dacotah Speed­way. (Photo by Layn Mudder)MANDAN, N.D. (May 25) – Andy Reed became a first-time Mach-1 Sport Compact feature winner in a Friday night barnburner at Dacotah Speedway.An early caution regrouped the grid and pole sitter Seth Howe-Kellar led the field to green. The father-son duo of Stan and Alex Thompson raced side-by-side for the fourth position as they took the green flag.Stan Thompson slid up in front of his son to claim the fourth position as Ken Sandberg had his hands full with Reed for second. While racing door-to-door for second, they started to reel in leader Howe-Kellar.With four laps to go, it was a three-car battle for the win. Reed cleared Sandberg for second and peaked his nose under the machine of Howe-Kellar. They battled for the win with two laps to go.Coming out of turn four and racing to the checkered flag, Reed held off Howe-Kellar to win his first Sport Compact feature. Sandberg finished third while Stan Thompson crossed the finish line fourth. Alex Thompson rounded out the top five.Jason Wolla was the IMCA Modified winner.last_img read more


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King named Ireland interim manager

first_imgNoel King has been appointed the Republic of Ireland’s interim senior manager, the Football Association of Ireland has confirmed. The developments were confirmed in a statement released by the FAI on Monday night. It said: “The FAI’s Board of Management met this evening to review the work it has been doing on the senior men’s team managerial appointment and to progress the next steps in the appointment process. “After considering the views of people within the game and taking soundings from its constituent members, the Board tonight decided that the next steps should include a comprehensive assessment of the market. “It was agreed at the meeting that former international Ray Houghton, who was involved in the last managerial appointment process and Ruud Dokter, the FAI’s newly-appointed High Performance Director, should carry out this on-going assessment and report for the Board. “The Board of Management also decided that it will appoint its current Under-21s head coach, Noel King, as interim senior manager. Ruud Dokter will provide additional support.” Ireland face Germany in Cologne and Kazakhstan in Dublin in their final two World Cup qualifiers next month knowing that their chances of making it to Brazil next summer are purely mathematical. King’s assistant Harry McCue will take charge of the Under-21s’ qualification double-header against Romania, which is also scheduled for next month. Trapattoni’s five-and-a-half-year reign came to an end last month after defeats by Sweden and Austria left them in fourth place in Group C. The current Under-21s boss has been asked to take over as the FAI board continues to consider its options as it looks for a replacement for Giovanni Trapattoni. King’s appointment was announced after a board meeting on Monday evening, at which it was also agreed that former international Ray Houghton, who was involved in the last managerial appointment process, and Ruud Dokter, the FAI’s newly-appointed high performance director should carry out a comprehensive assessment of the managerial market in an attempt to identify the best man for the job on a permanent basis. Former Sunderland boss Martin O’Neill was swiftly installed as the bookmakers’ favourite to replace the 74-year-old Italian even before it emerged that he was the FAI’s number one target, although with businessman Denis O’Brien ready to continue his financial support, there is no appetite to rush the process of finding a replacement for Trapattoni. The statement continued: “The Board of Management resolved that it will take the appropriate time to appoint the best person to manage Ireland for the Euro 2016 campaign, which starts in September next year. “They also wished Noel King and Harry McCue well in their interim roles. “Noel has an excellent track record with the Association and is well respected throughout the game. “He has worked first hand with many current senior players during their time at Under-21 level, including Seamus Coleman, James McCarthy, Robbie Brady and Jeff Hendrick.” Press Associationlast_img read more


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Wenger warns Spurs over stadium

first_img Press Association Tottenham are pushing ahead with proposals to redevelop land around White Hart Lane to accommodate a new 56,250-capacity venue, but following legal challenges in the High Court could be set for a season of ground-sharing rather than being able to move for the 2017-18 campaign as planned. Arsenal, meanwhile, are only now starting to show the benefits of the switch from Highbury to the 60,000-seater Emirates Stadium, which was self-funded and sees the north London club set aside some £35million each year against a long-term fixed interest rate repayment bond. Arsenal manager Arsene Wenger has warned Tottenham will face their biggest battle yet to deliver on the pitch once the club eventually moves to a new stadium. The Gunners may now be able to not only hold on to top men with lucrative new contracts, but can also compete to lure the likes of Mesut Ozil and Alexis Sanchez to the club, but Wenger knows that battle to constantly deliver Champions League football while balancing the books has been a testing one. “If you look at the history of all the English clubs who have built a new stadium and look at where they have finished, then it tells you how difficult it is,” said Wenger. “I knew always that would be the most sensitive period in the history of the club. “When we were in a position where we had to be in the Champions League just financially and you get into March/April and are like that (not in top four), t he stress is terrible because you feel the future of the club is at stake and you have not a lot of margin (for error) – every point you lose can be dramatic.” Although American investment company Cain Hoy has said it is no longer considering making an offer for Tottenham, the club are continuing ” discussions with multiple providers of finance” in the search of ” the optimum financing package for the project”. Wenger believes there is no doubt Tottenham will need some sort of cash injection to complete their ambitious plans. “If an owner comes in, and says ‘look I put £400million to buy the stadium’ it is easy,” he said. “The way we did it is the hardest way, because we had no outside financial help and had to negotiate with the banks just to get the money at the start – and lets not forget we paid £120million just for the land. “In the end we built the stadium for £400million, today it would cost £600million or up to £700million.” Wenger has enjoyed a fine record against Tottenham, losing only six of 43 previous matches and on Saturday will go up against a 12th different permanent Spurs manager in Mauricio Pochettino. “I honestly do not look at the satisfaction of my job comparing to Spurs. I just look always did i do the maximum with what resources I had. After that if Tottenham is not competing with us it is somebody else,” he said. Wenger indicated he could deploy Mesut Ozil in a central role again on Saturday, the German having made such an impact in the 3-0 win at Aston Villa before a much-changed Arsenal team were beaten 2-1 at home by Southampton in the Capital One Cup on Tuesday night. By contrast Wales midfielder Aaron Ramsey has returned a couple of uninspiring displays, but Wenger has every confidence Arsenal’s player of the season will soon be on form again. ” You have always to come back to basics – what is my job? A midfielder, to win the ball and give a good pass,” said Wenger. “After a consequence of that, and Aaron’s natural engine, is he will have chances, but if you play (like) ‘I have to score’ and every time you want to be in the box, (then) you forget a little bit the basics of the job.” last_img read more


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Kei Nishikori tops Dimitrov to face Chardy in Brisbane International semis

first_imgBrisbane: Japanese tennis player Kei Nishikori on Thursday kept his Brisbane International campaign rolling as he overpowered Bulgaria’s Grigor Dimitrov 7-5, 7-5 in the quarterfinals.The World No. 9 needed one hour and 40 minutes to prevail over the 2018 Brisbane International semifinalist, to get revenge for his defeat at the 2017 final, improving their head to head record to 5-1, reports Efe.Dimitrov, the ninth seed, struggled on serve as he put in play just 66 percent of the first service and won only 48 percent of the second-serve points.Nishikori, however, was unable to take advantage of this struggle until the 11th game of the first set, when he broke Dimitrov’s serve and then held his next service game to take the lead after 47 minutes of play.The power balance seemed to be shifting at the beginning of the second set, as Dimitrov won four out of the first five games, but the Japanese was in no mood for any surprises that could spoil his bid for the first title since 2016.The Japanese player broke his rival’s serve to draw level at 4-4 and a couple of games later, he earned another service break in the 11th game, sealing the match in the following game.Next up for Nishikori will be Frenchman Jeremy Chardy, who had to dig deep to oust Japanese qualifier Yasutaka Uchiyama 6-4, 3-6, 7-6 (7-4). IANSAlso Read: Nishikori looking to get back in top 10last_img read more


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Boeing executive speaks to engineering students

first_imgOn Wednesday night, the the Society of Women Engineers, Engineers Without Borders and the Undergraduate Student Government hosted Rick Baily, vice president of engineering, mission assurance and product support at Boeing Defense, Space & Security to speak about his leadership experiences at the company. The event was titled “What’s Harder — Strategic Leadership or Rocket Science?”Career launch · Rick Baily, vice president of engineering, mission assurance and product support at Boeing, speaks to students on campus. – Samhita Swamy | Daily TrojanNamed the National Management Association’s 2014 Executive of the Year, Baily was invited to speak about his career both as a rocket scientist and manager of 30,000 employees as a part of an initiative by Engineers Without Borders to teach its members leadership strategy.The Society of Women Engineers and Engineers Without Borders have had an extensive relationship with Boeing, as the company has funded several student initiatives.John Davy, president of Engineers Without Borders, said that he hoped advice from Baily’s speech would benefit the organization in its project for the semester.Davy said that Engineers Without Borders seeks to “help developing communities that have an engineering need.”This semester’s project focuses on building a community center in the Coachella Valley that will serve nearly 3,000 people, according to Davy.Despite being a UCLA graduate, Baily touched upon his reason for wanting to speak with USC students in particular.“[Viterbi is] one of only 17 schools in the world that [Boeing calls its] accelerated hiring schools,” Davy said.Bailey addressed some of the strategic challenges that arise in engineering companies and also shared lessons from his background in mechanical engineering, recounting some of his greatest successes and failures.“The aerospace industry has one of the biggest challenges,” he said. “In five years, half of Boeing engineering is going to be eligible for retirement. In 10 years, if they do the average, half will have retired. That’s a big challenge for us.”He dedicated a significant portion of his speech to the importance of teamwork.When asked about when to make an executive decision rather than consulting with a group, Baily said that leaders must utilize their analytical skills.He advised the audience “to have parameters of when a decision has to be made.”“He grew very organically — he didn’t get an MBA or any of that stuff, but now he’s doing project management so it seems like he blended some holistic experiences rather than just going suit and tie and doing the standard finance, accounting, whatever,” said Aydin Celebi, a senior majoring in industrial and systems engineering and history.Zhuohan Yu, a graduate student in mechanical engineering, said she originally attended the event because Rick Bailey is a high-ranking professional of Boeing who would have valuable insight into internship opportunities.When asked her biggest take-away, however, she noted “Bailey’s emphasis on building human relationships” because, as she put it, “[engineers] tend to focus on technical skills.”At the end of his speech, Baily advised the audience on interview tips and recruitment. He told students to gain knowledge of technical principles in their field, attain practical experience through projects, develop a proactive leadership style, learn how to articulate their knowledge and differentiate themselves from the crowd.“We really value practical, real world experience,” he said. “You need hands-on experience. Focus on the technical areas you are going to work in.”last_img read more


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Possible venue change for Ireland – Gibraltar game.

first_imgAccording to the Irish Sun the the tiny nation may move their games after encountering security and tax issues with their opening match of the camaign in Portugal.Gibraltar can’t play games at home yet as they don’t have a suitable stadium.The head of the Gibraltar FA says they will make a decision very soon on the matter.last_img