Erick Thohir to shake up executives at state lenders

first_imgThe State-Owned Enterprises (SOEs) Ministry will shake up executives at three state-owned banking giants this week, Minister Erick Thohir said on Wednesday.Erick, however, brushed off concerns over the reasons for the management reshuffle beyond a regular refreshment of leaders in the nation’s top state banks. The three state lenders that are likely to see new faces in their boards of directors are Bank Mandiri, Bank Negara Indonesia (BNI) and Bank Rakyat Indonesia (BRI). “It’s normal as long as we can see someone who has great expertise,” Erick said in Jakarta during the launch of an SOEs internship program, denying the reshuffle was an “overhaul”. Bank Mandiri, BNI and BRI have all been scheduled to organize annual general shareholders meetings next week with agendas that include adjustments in corporate management, according to the banks’ disclosures made available to the Indonesia Stock Exchange (IDX).The management restructuring would be the latest in a series of state firm restructuring efforts to improve SOEs’ performances since Erick took the job in October last year.The businessman-turned-bureaucrat dismissed seven undersecretaries from their posts in November to make the ministry more efficient in accordance with President Joko “Jokowi” Widodo’s mission. The number of undersecretaries has also been reduced to three from the previous seven.”All SOEs are being ‘refreshed’. Certainly, such plans aim to strengthen them,” SOEs Ministry aide Arya Sinulingga told in Jakarta on Tuesday evening.As part of the wider government restructuring of SEOs, Deputy SOEs Minister Kartika “Tiko” Wirjoatmodjo said last Thursday that the ministry would close down or merge state-owned companies that have consistently failed to post profits.He said Minister Erick wanted to reduce the number of state-owned firms to 100 from 142 at present in order to improve efficiency.Topics :last_img read more

Two dead, several injured after ride snaps in half at theme park

first_imgAt least two people are dead and more than a dozen more have been injured after a ride snapped in half at an amusement park in India.The incident occurred Sunday afternoon at the Kankaria Adventure Park in Ahmedabad.According to the report, for unknown reasons, the main shaft of the ride snapped just as the ride began to gain momentum. As a result, those on the ride were thrown towards along with heavy machinery from the ride.Ahmedabad: 2 people died&26 injured after a joyride at an adventure park in Kankaria area broke this afternoon. Vijay Nehra,Commissioner, Municipal Corporation says,”Police along with the FSL team is investigating the matter.Proper treatment is being given to injured.” #Gujarat— ANI (@ANI) July 14, 2019 Two people identified as 24-year-old Manali Rajwadi, and 22-year-old Mohammad Javed lost their lives due to injuries from the incident according to the police.26 others were rushed to hospital with serious injuries.An investigation has been launched to determine what cause the ride to fall apart, whether the theme park had a proper licence to operate the ride, and to determine if the ride was up to maintenance standards.last_img read more

Formula 1: Lewis Hamilton wins Styrian Grand Prix

first_imgThe Ferraris retired early after colliding with each other on lap one. RelatedPosts Hamilton led from pole position, headed only at the pit-stops, as team-mate Valtteri Bottas overtook Red Bull’s Max Verstappen late on for second. Source: BBC Sports ‘We want to play in big competitions’ – Jordan Ayew targets European spot with Crystal Palace It was another dark day for the Italian team, after an uncompetitive showing in qualifying, as Charles Leclerc apologised for a rash move on the first lap that took out both cars.Another anti-racism protestHamilton led the majority of drivers in taking the knee ahead of the race – and then raised his fist in a black-power salute twice after the race, as he stood on the front of his car with his helmet still on, and again on the podium.The drivers’ pre-race anti-racism protest was not as well coordinated as it had been at the same track for the season-opening Austrian Grand Prix last weekend, but the message was clear.A handful of drivers were not present for the moment ahead of the playing of the Styrian regional anthem, but all who were wore “end racism” T-shirts other than Hamilton’s, whose said “Black Lives Matter”.Of those who were there, only Charles Leclerc, Verstappen, Kimi Raikkonen and Daniil Kvyat chose not to kneel.Hamilton celebrated his first win of the season by raising his fist on the podium, reminiscent of the 1968 Olympics when two African American athletes Tommie Smith and John Carlos raised a black-gloved fist during the US national anthemNo problems for Hamilton on trackHamilton, who has pledged to continue the fight against racism this year in parallel with his quest for a record-equalling seventh world title, was in total control of the race from the start.He converted his pole position into a lead at the first corner, survived an early safety car period following a collision between the two Ferrari drivers, and never looked back.The fight was all behind him, as Mercedes sought to get Bottas ahead of Verstappen.The Finn had qualified fourth in the rain, 1.4secs slower than Hamilton, passed McLaren’s Carlos Sainz by lap six, but was not able to make much progress towards the Red Bull.When Red Bull made Verstappen’s pit stop for fresh tyres on lap 24, Hamilton was brought in three laps later, while Bottas was left out 10 laps longer than the Dutchman.The aim was to give him a tyre off-set and greater pace at the end of the race.And it worked. Bottas crept up on Verstappen and was with him with five laps to go.Bottas looked to have the move down on the straight towards Turn Four on lap 66, but Verstappen fought back around the outside of the corner and held on to the place.But his valiant defence lasted only another lap before Bottas was able to storm past to complete a Mercedes one-two.He retains the championship lead over Hamilton, but it is now down to eight points.The Ferraris collide during the first-lap meleeCalamity for FerrariFerrari had worked flat out to bring upgrades to their car ahead of this race, after showing a dismal pace the week before.But they did not have the effect they had hoped and the cars could qualify only 10th and 11th. Leclerc started a further three places back after a three-place grid penalty for blocking in qualifying.But things got much worse in the race. Leclerc made an over-ambitious move up the inside of Turn Three on the first lap as Vettel was hemmed in on the outside and the two cars collided.Vettel’s rear wing was torn off and Leclerc suffered floor damage and both had to retire.Sergio Perez was passed by Lando Norris at the end of the Grand PrixFlying Racing PointsSergio Perez in particular and Racing Point, in general, did not have a good day in the wet in qualifying, with the Mexican down in 17th on the grid, but the so-called ‘Pink Mercedes’ was soon making up ground.The likes of McLaren and Renault said before the race that they were concerned about the Racing Point’s pace, and their worries were well-founded.Perez picked off driver after driver in a car that has drawn criticisms because of its likeness to last year’s Mercedes – which Racing Point admit they have copied – until he was up into the top six after the pit stops.He passed Daniel Ricciardo’s Renault on lap 48, with just over 20 to go, and set off after Alexander Albon.Perez was soon with Albon, but while the Anglo-Thai had been having an unremarkable race in the second Red Bull, he picked up his pace and was able to hold Perez back.The Mexican finally made a bid for the position with two laps to go but came to grief as he tried to pass at Turn Four in a mirror of the collision between Hamilton and Albon at the same point last week.Perez was alongside Albon, on the inside, but the Red Bull driver tried to hang on around the outside of the turn and tagged Perez’s front wing on the exit.Perez limped around the remaining two laps but was passed by McLaren’s Lando Norris for fifth at the final two corners of the last lap.Their scrap was part of a hectic midfield battle in the closing laps, as Norris took advantage of Perez’s team-mate Lance Stroll racing with Renault’s Daniel Ricciardo for seventh and McLaren’s Carlos Sainz, who qualified a brilliant third, faded in the race to finish ninth.The driver of the daySuperb as Hamilton was, let’s give it to Perez for his clinical drive up from the back of the grid, which included a superb overtaking move around the outside of the fast Turn Six on Ricciardo. A shame it came to grief in the collision with AlbonWhat happens next?The races are coming thick and fast in this coronavirus-interrupted season, and another follows this coming weekend, the Hungarian Grand Prix.What they saidLewis Hamilton: “Firstly big thank you to my team. What a weird year but great to be back driving with this kind of performance. The team did a fantastic job, it was just for me to bring it home. I tried to get the fastest lap but not going to get it with 40-lap-old mediums compared to someone with fresh tyres.”Valtteri Bottas: “It was a good battle with him [Max Verstappen]. I had a bit more space at the end than him. Racing so close is always good fun. It could’ve been more satisfying and I could’ve been more satisfied but I’m looking forward to next week.”Max Verstappen: “I tried to push for victory but we are just a bit too slow. I pushed as hard as I could. I tried to make it difficult for Valtteri to pass me, even though I knew he was going to get me the next lap. It was fun because the rest of the race was a bit boring.”Drivers took the knee or stood once again before the racecenter_img Ivory Coast FA elections: Asamoah Gyan backs Didier Drogba Mercedes driver Lewis Hamilton cruised to a comfortable victory in the Styrian Grand Prix.The world champion’s first victory of the year was founded on a stupendous performance in wet qualifying, in which he took pole by more than 1.2 seconds. ‘I’m happy at Crystal Palace’ – Jordan Ayew says amid transfer speculation Tags: Lewis HamiltonSytrian Grand Prixlast_img read more

Steelers WR Wallace focused on efforts, not boos

first_imgWalking back to the huddle, beating himself up a little bit after failing to hold onto a Ben Roethlisberger heave that would have gotten the Steelers out of an early hole last week against San Diego, Wallace tried not to take it personally.That doesn’t mean he succeeded.“I think they’re out to get me a little bit,” Wallace said with a smile.Then again, the easygoing 26-year-old understands he has no one to blame but himself. Wallace took a calculated risk last summer when he decided to hold out during training camp. Coming off his first Pro Bowl and entering the prime of his career, Wallace didn’t want to leave the Steelers as much as he simply wanted to get paid a little more — OK, a lot more — to stay.When management balked, Wallace reported less than two weeks before the season started and pledged not to let his uncertain future mess with his head.It hasn’t exactly happened.Sure, Wallace is on pace to match the 72 receptions he put up a year ago and he needs two touchdowns over Pittsburgh’s final three games to set a new career-high.Yet it’s the slip-ups — such as a handful of costly drops and a pair of fumbles — that have outweighed the spectacular. Wallace is in the midst of perhaps the most productive season of his four-year career. It just doesn’t feel like it.While the former third-round pick has shown the ability to adapt to offensive coordinator Todd Haley’s short-passing game and he’s accepted the fact there are fewer deep shots to go around, he knows he’s done little to calm critics who viewed his holdout as a betrayal.“Anything I do is going to be magnified, good, bad, it doesn’t really matter,” he said. “I’ve just got to do what I need to do and I don’t give anybody a reason to say anything. Whatever happens I take full responsibility for it.”And to be honest, he’s OK with it.“I don’t want nobody to ever say it’s enough,” he said. “I always want somebody to have a knock on me. Always, because it’s always going to make me a better player and it’s always going to give me something to strive for.”Even if, at the moment, Wallace is content with striving to avoid the kind of mental miscues that have cost the Steelers (7-6) this season. They are, after all, tied with Cincinnati for the AFC’s last wild card spot heading into Sunday’s game in Dallas (7-6) and could be in a better place.Wallace has six drops this season, tied for 16th most in the NFL. The names higher on that list include Wes Welker, Calvin Johnson and Dez Bryant.The difference, of course, is that none of those guys skipped training camp, and Wallace knows it.“I made the bed,” he said. “I’ll lie in it.”No matter how uncomfortable it can get.Wallace raised eyebrows last week when he admitted to having his mind wander during games. Looking back, he admits he probably should have kept that to himself.“When you’re not getting the ball into the games sometime you might get a little frustrated and lose focus in the game, not on the game, but sometimes you get mentally not focused on the things you always need to be focused on,” he said.It certainly looked that way against the Chargers. Backed up deep in their own end in the second quarter, Roethlisberger tested his sprained right shoulder and flung it as far as he could. Wallace had a step on the defender and stretched to haul it in, only to have it bounce off his hands to the turf.Though Wallace rebounded to catch seven passes for 112 yards and two scores, it’s the one he couldn’t bring in that stuck with him afterward.“All I keep thinking about was the drop I had,” Wallace said. “But you can’t dwell on that.”Besides, there’s plenty of other things to think about, including the future. Wallace has tried to block out what will happen once the season ends, adding it would be “selfish” if he started wondering where he’ll be playing next year.Maybe, but with 2013 fast approaching, there’s a real chance Wallace could be playing his final games in Pittsburgh.The Steelers signed teammate Antonio Brown to a contract extension while Wallace was working out by himself in Florida. And the rapid development of Emmanuel Sanders combined with the money Wallace could earn on the open market makes the prospect of Wallace sticking around seem unlikely.If time is growing short, Wallace is trying to make it count. So is his quarterback.“He has all the confidence in himself and we have it in him,” Roethlisberger said. “We’re confident that he’s going to come out and be great. There’s never a second thought in my mind about it.”In Wallace’s either.“It’s not like I’m out here dropping every pass,” he said. “I made a lot of plays, too, as well. But I definitely would like to make every single play on the field.“I’ve just got to keep working at it and I think things will go my way.”NOTES: LB James Harrison (illness) did not practice on Wednesday … S Troy Polamalu was held out of practice but it was not injury related … LB LaMarr Woodley, who has missed the last two games with an ankle injury, was a full participant … Coach Mike Tomlin met with RB Rashard Mendenhall to talk about the one-game suspension Mendenhall received for conduct detrimental to the team. Tomlin called the meeting productive.(Follow Will Graves at by Will GravesAP Sports Writer PITTSBURGH (AP) — Mike Wallace heard the boos. And the Pittsburgh Steelers wide receiver knew it didn’t have as much to do with the pass that had just clanged off his hands as with the expectations — self-imposed or otherwise — he just can’t seem to meet. BIG CATCH–Pittsburgh Steelers wide receiver Mike Wallace (17) makes a touchdown catch past San Diego Chargers cornerback Quentin Jammer (23) in the third quarter on Dec. 9, in Pittsburgh. (AP Photo/Don Wright) last_img read more