Gold Coast real estate: Stretch right out and fully enjoy own tropical oasis

first_img27 Sir Bruce Small, Benowa Waters.MAJESTIC sweeping views of the wide Nerang River are just the beginning of this resort-style oasis. Set on a sprawling 1011sq m block the property is home to artist Jutta Muller who bought the four-bedroom house in 2003. 27 Sir Bruce Small, Benowa Waters is on the market at $2 – $2.3 million. ON THE MARKET ADDRESS: 27 Sir Bruce Small Blvd, Benowa AGENT: Lucy Cole and John Cole, Lucy Cole Prestige Properties Bundall PRICE: $2 – $2.3 millionINSPECTIONS: By appointment The stylish abode is home to artist Jutta Muller.“Outdoors is a large resort-style Roman pool and entertaining spaces with paths that meander through established tropical gardens and continue to a large pontoon,” Mr Cole said. “Connecting these spaces is a living area with built-in surround sound so all family members can have their own areas to relax and unwind.”center_img There is ample space to relax and unwind.A grand double door entry opens to reveal picturesque views of the water. More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North4 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoLucy Cole and John Cole from Lucy Cole prestige properties are marketing the property and said the tropical garden was one of the best features. last_img read more

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UK regulator flags stability risk of ‘very large’ asset managers

first_imgThe FCA’s comments echoed those made by the Bank of England – of which the FCA is a part – in 2014, when then-executive director for financial stability Andrew Haldane said it was viable to consider the risks to the wider economy of the collapse of an asset management company.The FCA also confirmed its plan to publish the final report into its asset management market study in the second quarter of 2017. As well as reiterating its findings from the market study, the regulator also highlighted other areas of concern, including asset managers overpaying for services and custody banks’ reluctance to invest in IT systems.Amanda Rowland, asset management regulation partner at PwC, said the regulator’s focus on liquidity management supported “broader operational concerns” linked to the UK’s imminent exit from the European Union. It also indicated that “some movement around enhanced stress testing and redemption disclosure is possible”, Rowland added.“While acknowledging that Brexit will require regulatory flexibility, the FCA has focused on asset management initiatives such as cost disclosure and liquidity management that have wider international support and will likely be successfully progressed regardless of where Brexit takes the UK and the FCA,” she said.In the immediate aftermath of the UK’s vote to leave the EU, several open-ended property funds were forced to temporarily close to redemptions due to a high level of withdrawals.Chris Cummings, chief executive of the Investment Association, the asset management trade body, welcomed the regulator’s approach and its willingness for industry dialogue. He added: “As we move into a post-Brexit world, it is vital that the UK regulatory framework continues to foster a globally competitive environment to set up and run an asset management business.” The failure or “disorderly wind-down” of one or several large asset managers could pose a financial stability risk to the UK’s system, the Financial Conduct Authority (FCA) has warned.Outlining its views of various sectors of the UK financial system as part of its annual mission statement and business plan, the FCA said: “Market stability could be affected by the failure or disorderly wind-down of a very large asset manager or several asset management firms as end-investors attempt to redeem their holdings on demand, creating a downward selling spiral.”In its business plan for 2017/18, the FCA said: “Following stakeholder feedback, we will review our policy options and the available tools that asset managers have to manage liquidity when facing redemptions and valuation issues, and assess how adequate they are in managing conduct risks and addressing financial stability concerns. This work should ensure that liquidity management in funds allows for a fair treatment of all customers, including those who remain invested, and does not amplify disruptions to the financial system in stressed market conditions.”International regulators such as the International Organisation of Securities Commissions and the Financial Stability Board have previously suggested treating large asset managers as systemically important, putting them at a similar regulatory priority level as the world’s biggest banks and insurers.last_img read more

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Campaign group to challenge government power over LGPS investments

first_imgA campaign group has successfully challenged a UK court ruling that would have restricted local authority pension funds’ ability to divest from companies on ethical grounds.The UK’s Supreme Court this week granted the Palestine Solidarity Campaign (PSC) permission to appeal against a decision from the Court of Appeal, which ruled last year that funds within the £274.6bn (€303.2bn) Local Government Pension Scheme (LGPS) could not make divestment decisions contrary to UK foreign policy.The PSC said a hearing on the case was likely in the second half of this year.Jamie Potter, partner at law firm Bindmans and solicitor for the PSC, said: “The potential ramifications of the Court of Appeal decision are significant and worthy of consideration by the highest court in the UK. The UK’s Supreme CourtAt the time, the then Cabinet Office minister Matthew Hancock said the ban would “help prevent damaging and counter-productive local foreign policies undermining our national security”.However, the PSC challenged the ban through a judicial review in 2017, claiming it was aimed at stopping funds from divesting from Israeli companies. The government has denied this is the case.In June 2017, the UK High Court ruled that government guidance on boycotts and divestments had been used “unlawfully”. The relevant section in the guidance was subsequently cut.In June 2018, the Court of Appeal overturned the High Court’s ruling, prompting lawyers to warn that it could open the door to greater influence from politicians on impact investing strategies and environmental, social and governance issues within the LGPS.The PSC has been campaigning for many years to persuade investors to cut from their portfolios companies with links to Israeli settlements in contested territories in the Middle East.Several European pension investors – including Norway’s Government Pension Fund Global and PGGM in the Netherlands – have divested from specific Israeli companies in recent years because of concerns about the treatment of Palestinians. “If the Court of Appeal decision is allowed to stand, it permits the executive carte blanche to impose their own political perspective on the investment of citizens’ money. However, if PSC is successful in its appeal, the government will not be able to interfere in the ethical investment decisions of LGPS [funds] and their members.”The case dates back to 2016 when the UK government moved to ban public sector schemes from divesting from certain industries or countries through so-called “town hall” procurement boycotts.last_img read more

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Uljanik Workers on Strike Again

first_imgOver 1,500 workers of the 3. Maj and Uljanik shipyards, part of Croatia’s Uljanik Group, launched a new strike on Monday, October 22, demanding for the ongoing crisis at the shipbuilder to be resolved as soon as possible.The workers downed their tools on Tuesday, October 23 as well, and headed for the company headquarters where they asked for the resignation of Gianni Rosanda, President of the Company Management.Rossanda already presented his resignation to the supervisory board of Uljanik on August 28.The workers took to the streets to voice their dissatisfaction with the worsening financial situation at the group, which lost majority of orders over the past few months. Disgruntled workers are also seeking their September wages to be paid.The new wave of strikes is being held after the general assembly of the company held on October 16 failed to elect new members of the company’s supervisory board, since the group’s shareholders did not propose their members.The strike is expected to last until Friday, however, workers are not expected to head to the streets in the meantime.The Croatian government, which has a 25 pct share in the group, is working on a new restructuring plan for the shipbuilder, Croatian Minister of Economy, Darko Horvat, told national tv channel HRT.The country’s ministries of finance and economy are set to review the amended restructuring proposal in the upcoming few days. As explained by Horvat, the country has received recommendations from Brussels, detailing restrictions to potential state aid schemes for the shipbuilding group. Namely, the final restructuring plan needs to receive a blessing from Brussels before being implemented.Danko Koncar-led Kermas Energija was selected as Uljanik’s strategic partner for the restructuring process in May 2018. It is estimated that over EUR 450 million (USD 551.5 million) is required for the shipbuilder’s financial restructuring. Based on the latest round of talks, held this week, it is hinted that an unnamed Australian company is seeking to join the restructuring bid.Uljanik is building two ships that need to be completed by the end of the year.One of them is being built for Australian company Scenic. The delivery of the luxury cruise ship, named Scenic Eclipse, which was ordered in 2015, has been delayed until late January 2019, due to the ongoing issues at Uljanik.Scenic Eclipse was originally scheduled to deploy on its maiden voyage from Athens to Venice on August 31, before sailing to the Arctic and Norwegian Fjords.Uljanik reported a USD 191.5 million loss for 2017, of which 153 million was transferred to this year.World Maritime News Stafflast_img read more

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New side-track well to unlock 1.7 million barrels of oil from Anasuria Cluster

first_imgAccording to Hibiscus, the GUA‐P1 side‐track project is an opportunity to re‐enter the existing GUA‐P1 wellbore and potentially drain additional volumes of hydrocarbons. The drilling of the GUA‐P1 side‐track well is estimated to start by the first half of calendar year 2019.Hibiscus Petroleum’s Managing Director, Dr Kenneth Pereira, said, “The GUA‐P1 side‐track project follows the successful drilling of the GUA‐P2 side‐track project which was completed in the third quarter of 2018 and has since contributed to enhanced production in the Anasuria Cluster. The GUA‐ P1 side‐track project will be funded from internally generated funds and is part of a series of production enhancement projects which are targeted to increase net production to 5,000 barrels of oil per day by FY2020.”The Anasuria Cluster consists of the Teal, Teal South, Guillemot and Cook fields which produce to the Anasuria floating, production, storage and offloading vessel. The Anasuria Cluster is located offshore in the United Kingdom sector of North Sea. Hibiscus Petroleum’s wholly‐owned subsidiary, Anasuria Hibiscus UK Limited, holds 50% joint‐operating interests in the Teal, Teal South and Guillemot fields, as well as 19.3% non‐operating interest in the Cook field. Hibiscus Petroleum’s jointly‐controlled operating company, Anasuria Operating Company (AOC), is on track to execute the Guillemot A GUA‐P1 side‐track well, a planned production enhancement project at the Anasuria Cluster concession in the UK North Sea.AOC was incorporated as a private limited company in England and Wales on July 22, 2015.AOC is the joint operating company held equally by Ping Petroleum UK Limited (wholly owned by Ping Petroleum) and Anasuria Hibiscus UK Limited (wholly owned by Hibiscus Petroleum Berhad) to be the operator of the Anasuria Cluster.Hibiscus said on Monday that the side-track well is targeted to unlock approximately 1.7 million barrels of oil from its current net 2P (proven and probable) oil reserves.AOC has, on February 28, 2019, signed a rig sharing agreement with Ping Petroleum, whereby AOC will assume the services of the Stena Spey semi‐submersible offshore drilling unit, for a minimum duration of 45 days, to drill the GUA‐P1 side‐track well.The Stena Spey drilling rig – which is owned and operated by Stena Spey Services Limited, a subsidiary of Stena Drilling Limited – was chosen for several reasons including certainty of the rig’s delivery schedule and strong past operating performance in the UK North Sea.In addition, as AOC’s appointed well operator, Petrofac will be responsible for drilling the GUA‐P1 side‐track project and for all the existing wells in the Teal, Teal South and Guillemot A fields. Petrofac is also installation duty holder on the Anasuria FPSO, minimizing the number of interfaces to be managed during drilling. Drilling to start in 1H 2019last_img read more

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MARIA SHARAP OVER!  Five -time Grand slam star retires @ 32

first_img Loading… Sharapova during one of her modelling outings The Russian made her return following the drugs ban on April 26, 2017, beating Roberta Vinci in the first round of the Stuttgart Open. Vinci was critical that the tournament had handed Sharapova a controversial wildcard to return to tennis before being beaten in straight sets. Sharapova became the world No. 1 for the first time on August 22, 2005, at the age of 18, becoming the first Russian female tennis player to top the singles rankings, and last held the ranking for a fifth time for four weeks from June 11, 2012, to July 8, 2012. Combining both tennis and beauty,Sharapova has been featured in a number of modeling assignments, including a feature in the Sports Illustrated Swimsuit Issue. Read AlsoSharapova’s net worth rises to $300m She has appeared in many advertisements, including those for Nike, Prince, and Canon, and has been the face of several fashion houses, most notably Cole Haan. since February 2007. FacebookTwitterWhatsAppEmail分享 Maria Sharapova has announced her retirement from tennis at the age of 32 after winning five Grand Slam titles during her career. She has announced she will be quitting her beloved sport in an emotional essay in Vanity Fair on Wednesday, in which she claimed her ‘body has become a distraction’ due to mounting injury problems at the end of her career. The 32-year-old Russian said: ‘I’m new to this, so please forgive me. Tennis —I’m saying goodbye.’ During her career, Sharapova won Wimbledon, the Australian Open and the US Open once, while clinching the French Open twice. Her retirement comes just three years after returning from her drugs ban following a failed test from the 2016 Australian Open, in which she tested positive for meldonium. On Wednesday, Sharapova said: ‘I share this not to garner pity, but to paint my new reality: My body had become a distraction. ‘Throughout my career, ​Is it worth it?​ was never even a question — in the end, it always was.’Advertisementcenter_img Promoted Content8 Superfoods For Growing Hair Back And Stimulating Its GrowthWhich Country Is The Most Romantic In The World?The Best Cars Of All TimeA Hurricane Can Be As Powerful As 10 Atomic Bombs6 Ridiculous Health Myths That Are Actually True11 Most Immersive Game To Play On Your Table Top14 Hilarious Comics Made By Women You Need To Follow Right Now6 Interesting Ways To Make Money With A DroneEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouWhat Happens To Your Brain When You Play Too Much Video Games?You’ve Only Seen Such Colorful Hairdos In A Handful Of Anime5 Of The World’s Most Unique Theme Parkslast_img read more

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MerryMart gets SEC approval for P1.6B IPO

first_imgIn preparation for its rapid growth,MerryMart recently went gone live on its SAP ERP system. It will also soon beavailable in both online and offline channels. “Our family initially had no plans toexpand the retail business, but our recent experiences made us realize the needfor us to be in the modern retail business, and we believe we will be in itwhile the transition from traditional retail to modern retail is still ongoing.Moreover there are undeniable synergies between the real estate and retailbusinesses. I will be glad to see both DoubleDragon and MerryMart to soon growhand in hand and become formidable companies that will significantly contributein building our nation,” Sia added. MerryMart also expects to set upseveral MerryMart warehouses and distribution centers to support the MerryMartbranches around the country and intends to locate these in DoubleDragon’sCentralHub warehouse complexes. MerryMart Group will focus on sunriseconsumer-related businesses in the long term as the company has full confidencein the long term prospects of the Philippines./PN The smallest format, MerryMart Store,is a household essential store concept that combines Grocery + Personal Care +Pharmacy. The 3-in-1 innovation and expansion through franchising is expectedto bring in operational efficiencies and enable MerryMart to rapidly scale upand build up durable competitive advantage. The MerryMart expansion is seen tocreate over 15,000 new jobs for the Filipino workforce in the near term, andexpected to exceed 50,000 system-wide workforce by 2030. The Philippine economyis expected to fully benefit from MerryMart being a local Filipino homegrownbrand. MerryMart aims to maintain its growthmomentum to reach 600 branches by 2025 and 1,200 branches by 2030. MerryMart plans the development of thecompany brand through company-owned stores, as well as opening it for franchiseto the public. According to the business tycoon, “Ourteam will strive hard to make MerryMart become one of the Top 3 consumercompanies in the Philippines by 2030.” MerryMart will serve as a platform forthe existing local and traditional groceries to convert and be part of a modernbranded retail chain network while retaining ownership of the store as afranchisee of MerryMart. center_img Being part of the MerryMart networkwill enable the current traditional retailers to future-proof themselves andkeep them relevant for the next many decades and also enable them to bridge theongoing shift from traditional retail to modern retail. This shift isinevitable when a developing country evolves to eventually become a first worldcountry. The MerryMart Group has sevenoperating branches as of February 2020 and currently has 13 more branches undersimultaneous construction. MerryMart has set its 12-12-12 Vision2030 with the goal of rolling out a total of 1,200 branches nationwide. It aimsto reach P120 billion in system-wide sales revenue. It aims to cover all the groceryretail categories from small, medium and large retail formats namely: MerryMartStore, MerryMart Market and MerryMart Grocery. The 100th branch is expected to openby the fourth quarter of 2021 next year. ON March 11, MerryMart Consumer Corp.received a pre-effective approval from the Securities and Exchange Commission(SEC) for its Initial Public Offering (IPO) for a primary offer of1,594,936,709 shares at up to P1 per share. “We would like to take advantage ofour group’s knowhow in franchising, and our familiarity of the Philippinemarket terrain, just like in the rollout of Mang Inasal, CityMall, Hotel 101and CentralHub network. We believe this step will further strengthen the marketgrip of all the industries that our group is involved in,” said Edgar “Injap”Sia II. Franchising also creates businessopportunities for many budding entrepreneurs.last_img read more

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Area schools receive Lilly Grants

first_imgBATESVILLE, Ind. — More than $9 million from Lilly Endowment Inc. will be divided up among 284 school districts and charter schools throughout the state.The planning grants represent the first phase of the Comprehensive Counseling Initiative for Indiana K-12 Students.Schools will use grants ranging from $8,300 to $50,000 on data collection, assessment and community engagement.The next phase will involve proposals for implementation, which will be part of a competitive process for grants ranging from $100,000 to $3 million.Several schools in our area are among the 284 schools across the state receiving grants.The recipients in our are:Batesville Community School CorporationJac-Cen-Del Community School CorporationMilan Community School CorporationSouth Ripley Community School CorporationSunman-Dearborn Community School CorporationSouth Dearborn Community School CorporationLawrenceburg Community School CorporationFranklin County Community School CorporationDecatur County Community SchoolsGreensburg Community Schoolslast_img read more

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July 30, 2018 Police Blotter

first_imgJuly 30, 2018 Police Blotter073018 Decatur County Fire Report073018 Decatur County EMS Report073018 Decatur County Law Report073018 Decatur County Jail Report073018 Batesville Police Blotterlast_img

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FDJ secures ‘favourable’ €380m loan to repay French state duties

first_img Submit FDJ’s ParionsSport launches sponsorship programme for French amateur football August 24, 2020 StumbleUpon FDJ’s ParionsSport extends Olympique de Marseille sponsorship August 10, 2020 FDJ focuses on delivering ‘2020 savings plan’ as covid drains momentum July 30, 2020 Share Related Articles Share Française des Jeux (FDJ) has secured access to a €380 million syndicated loan, in which funds will be utilised to repay the French state’s agreed 25-year national lottery operating concession.Prior to becoming a publicly listed enterprise by floating on the Paris Euronext Exchange last November, the French government had granted FDJ a 25-year extension on its existing national lottery and sports betting (point-of-sale) licence.FDJ’s contract extension was approved under the terms of the ‘PACTE ACT’ enterprise mandate, becoming the first French state asset to be privatised by PM Emmanuel Macron‘s En Marche government.Deal terms stipulated that FDJ would have to pay €380 million to the French government by 30 June 2020. Updating investors, FDJ governance underlines that it secured options on a syndicated loan taking advantage of the current market’s favourable interest rate environment.Transaction terms see the €380 million loan establish repayment options on a ‘straight-line basis’ over a 20-year period. FDJ’s loan transaction is secured by the French banks of BRED, Caisse d’Epargne, Credit Agricole and Crédit Lyonnais.last_img read more

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