House demands investigative audits on all state insurers

first_imgThe House of Representatives has called for the Supreme Audit Agency (BPK) to conduct investigative audits on state-owned insurers to assess their investment management.Members of House Commission VI, which oversees trade, industry and state-owned enterprises (SOEs), are especially eager for the BPK to conduct an investigative audit on state-owned pension insurance company PT Taspen and social insurer Asuransi Angkatan Bersenjata Republik Indonesia (Asabri). The move is meant to prevent the insurers from mismanaging their investments as they manage pension funds for civil servants, police, military and Defense Ministry employees.An audit differs from an investigation as the former assesses financial statements and forms independent opinions about them. Meanwhile,  an investigation is a comprehensive study of financial reports.  Topics : House Commission VI members are also calling for the Development Finance Comptroller (BPKP) to conduct a large-scale investigative audit on Taspen and Asabri, as well as other state-owned insurers, including PT Jasa Raharja, PT Asuransi Jasa Indonesia (Jasindo), PT Asuransi Kredit Indonesia (Askrindo) and PT Reasuransi Indonesia Utama.The commission’s member from Democratic Party of Struggle (PDI-P), Evita Nursanty, said the House suggested that audits focus solely on the insurer’s investments to assess their prudence in managing their funds. “They are managing the public’s funds so they need to be able to manage it in a prudent manner and free from the interests of any parties,” she said.In the meantime, Taspen president director ANS Kosasih said he was confident that the company would pass the investigative audit smoothly as it had applied independent investment decisions based on the company’s analysis.“We also asked the BPK to conduct an annual audit on our earnings report to assure that our business is run according to the code of conduct,” Kosasih said.center_img Commission VI member Mukhtarudin from the Golkar Party also said on Wednesday that the move aimed to prevent the insurers from repeating mismanagement conducted by ailing state-owned insurer PT Asuransi Jiwasraya, which led to negative equity and the inability to pay its policyholders’ claims of Rp 17 trillion.The Attorney General’s Office (AGO) last month instructed the Financial Services Authority (OJK) and the country’s bourse authorities to block 800 securities accounts as it investigated Jiwasraya’s investment mismanagement, having named five people suspects, including three former Jiwasraya executives and two business tycoons allegedly involved in the corruption case.Although Asabri could still pay for its claims, its investment mismanagement led the state firm and the government to suffer losses of around Rp 10 trillion.“The government has to intervene to prevent the same thing from happening again. So, I’m suggesting that Taspen and Asabri undergo investigative audits just like Jiwasraya,” Mukhtarudin said during a hearing with state-owned insurers in Jakarta.last_img read more

Cottage nails it with prime block in the avenues

first_imgThe home at 78 Moreton Ave, Wynnum.THIS character home on a 607sq m block sold under the hammer in Wynnum last Saturday.Marketing agent David Lazarus of Belle Property Manly said the property at 78 Moreton Ave sold for $633,000.“We had four registered bidders — three were active — and probably a crowd of about 40 people there,” he said.“The opening bid was $570,000 and bidding kept going through to $633,000 where (the property) was called on the market and sold.”Mr Lazarus said the cottage attracted good interest.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Inside 78 Moreton Ave, Wynnum.“A 607sq m block on the avenues will always draw in buyers,” he said.“That little part of the world, near the golf course and on a wide leafy street, is such a good area.”Mr Lazarus said the home sold to a young couple from Mount Gravatt.“It was their first home in the area and they plan to live in it,” he said.The bayside agent said the Wynnum market was doing great in the lead up to Christmas.“It hasn’t slowed down at all. We’re still getting loads of inquiry and we pretty much sell everything,” he said.last_img read more

Men’s soccer set to kickoff postseason

first_imgWith 19 points this season, midfielder Tomislav Zadro’s offensive production could determine how far the Badgers go in the Big Ten Tournament.[/media-credit]With their season-long goal of reaching the NCAA tournament in jeopardy, the Wisconsin men’s soccer team will enter their opening round game against Michigan Wednesday with their dream on the line.Starting Wednesday, the Big Ten Tournament kicks off in Ann Arbor, Mich. The Badgers, who earned the No. 3 seed in the tournament with a 9-7-2 record overall, are set to play the hometown Michigan Wolverines, the No. 6 seed (5-13-1 overall), in the first round of the tournament.“It’s Michigan’s home field; there is an advantage there, no question about it,” head coach John Trask said. “Having said that, it’s the Big Ten Tournament, it doesn’t matter if it was being played on Mars. Every single team will be ready to play and that includes us, and we are looking forward to a great event.”While it appears to be a tough draw for the Badgers to play the tournament host, they actually enter familiar territory, having already defeated the Wolverines once in Ann Arbor this year.In their second game of Big Ten play in October, the Badgers pulled out a hard fought 2-1 victory against the Wolverines despite being outshot 23-6 by the home team. Still, statistics can be deceptive, and the Badgers have managed to score goals all year with relatively little shot production.“We feel confident that we can play with any team,” junior midfielder Tomislav Zadro said. “They may have outshot us, but we dominated in goals and that is all that matters. If we can do that again, I think we will be fine no matter how many shots they take. Many of the shots they took were from 40 yards out, and we are quite content to let them take those; it is hard to score from there.”Should the Badgers manage to defeat the Wolverines for a second time this season, they would be faced with either the No. 2 seed Ohio State or the No. 7 seed Penn State.Regardless, the Badgers likely need multiple wins in the Big Ten Tournament to be considered for an at-large bid in the NCAA tournament. Only one team, the winner of the Big Ten Tournament, is guaranteed a spot, and the Badgers would need to win three games in five days to come out on top.“We need to keep winning,” Trask said. “The easiest way to [get in] would be to win the Big Ten Tournament and get into the NCAA tournament automatically. That way we wouldn’t have to worry about any other teams. … I don’t like to leave things to other teams.“Having said that, to go and win the Big Ten means we have to win three games in a short period of time, which is extremely hard.”At the beginning of the season, it would have seemed an unlikely story to say that the Badgers had a shot at the Big Ten Tournament trophy.They entered the season picked in the coach’s poll to finish last (out of seven) in the Big Ten, but after silencing the skeptics with a solid third place finish in the conference, the Badgers believe they are legitimate title contenders.“You have to play to your own standards,” senior forward Josh Thiermann said. “It is important to go into the game with the mindset that, if you don’t go into the game and impose your will on the other team, that you could lose and we can’t afford to do that.”Still, their path to the Big Ten Tournament final is not an easy one.The most likely scenario to winning the tournament includes facing the two Big Ten teams that defeated them in the regular season, Northwestern and Ohio State, which are seeded No. 1 and No. 2 in the tournament, respectively.Northwestern, which has a first-round bye in the tournament, does not play until Friday, when they face the winner of the Indiana vs. Michigan State game. The Wildcats were the only team in the Big Ten to go undefeated this year, and in a matchup in Evanston, Ill., earlier this year, the Badgers were unable to score and ultimately lost to Northwestern, 1-0.With so little season left for the Badgers, who are now one loss away from the end to their season, each game takes on new meaning. This is especially true for the seniors on the squad, for many of whom this is their last competitive season.“If we lose, it could all be over,” Thiermann said. “You want to go into every game with the mindset that you’re gonna win it. With that said, being a senior, knowing that you’re just on that verge [of the NCAA tournament], I’m sure there will be that little bit more intensity, urgency from us to keep the season alive.”last_img read more

Wellington, Conway Springs set to battle for Chaparral Tournament Championship tonight

first_img25 19 23 63 Wellington 76 Clearwater 64 13 Conway Springs 18 14 13 8 18 8 16 23 Conway Springs: Winter 5, Denney 8, Finstad 6, Hedrick 15, Schaffer 6, Murphy 6, Dugan 17. Total: 19 (5) 10-19 63. 64 76 10 Wellington Conway Springs 63 Belle Plaine 57 Wellington: Gilmore 9, Ca. Phelps 13, Co. Phelps 12, Frame 3, Snipes 27, King 13. Total: 14 (8) 25-33 57 Conway Springs 63 Belle Plaine 57The feisty Dragons met their cross-county rivals for the first time this season on the hardwood. They gave Conway Springs a battle to the end. But Josh Dugan and Christian Hedrick inside proved to be too much for the Dragons. Dugan scored 17 while Hedrick had 15. Belle Plaine was led by Brandon Happy with 21 points. The Dragons opened the game taking a quick 8-2 lead as Freshman Bo Gooch opened with two treys. The Dragons led 16-14 at the end of the first quarter. But Conway Springs zone pressure took its toll in the second quarter as the Cardinals would outscore the Dragons 19-10 and led 33-26 at the half. The Cardinals would up their lead to 45-34 at the end of three quarters. Belle Plaine would cut the margin to six in the final stanza thanks in part to Happy’s three 3-pointers. Belle Plaine will battle Clearwater for third place today. The game is scheduled for 4:30 p.m. Belle Plaine 26 14 Brandon Happy led Belle Plaine with 21.by Tracy McCue, Sumner Newscow — It will be an all Sumner County showdown for the Chaparral Roadrunner Classic Tournament Championship tonight. Both Wellington and Conway Springs took care of business Friday night and will play for the all the Chappy marbles tonight tentatively set for 6 p.m. We say tentatively because Wellington’s game Friday was an hour later than originally scheduled.Wellington defeated Clearwater 76-64. Earlier in the evening, Conway Springs would beat Belle Plaine 63-57. The Wellington-Conway Springs matchup will be a rematch of a hotly contested game at the the Kingman Tournament in December. Conway Springs won that one 52-51. This marks Wellington’s third consecutive year of qualifying for the Chaparral Tournament Championship game.Wellington 76 Clearwater 64Wellington’s A.J. Snipes scored 27 points his career high to help lead the Crusaders to its second consecutive victory over Clearwater. The Crusaders, who struggled against Chaparral 56-51 in the first round of this tournament Thursday, were hitting on all cylinders in the Friday night semifinal game that was never really in doubt. Snipes established the momentum early by hitting three 3-pointers in the first quarter as Wellington rolled to a 26-13 lead. From that point forward Clearwater could not establish any real momentum. It was able to cut the lead to 10 to open the second half, but Wellington would eventually return to form. Clearwater kept clawing late in the game but again Wellington was able to fight off the onslaught. Cade Phelps had 13 while Connor Phelps had 12. Clearwater Belle Plaine: Gooch 14, Osgood 7, Nolan 8, Stover 7, B. Happy 21. Total: 15 (8) 3-4 57. 12last_img read more

Is this the Chelsea team to clinch the Premier League?

first_img Can Chelsea win the Premier League on Sunday? 1 Chelsea will win a fourth Premier League title if they beat Crystal Palace at Stamford Bridge on Sunday.The Blues will be home and dry with three games to spare if victorious over the South London side, but Jose Mourinho has asked the home crowd not to celebrate early. He has called on fans to be “ready to push” his side over the line as it will be “very difficult” against Crystal Palace.A win, however, will equal Mourinho’s achievement in his first season of 2004/05, when he brought the Premier League to Stamford Bridge for the first time with three games to spare.He may well have done it the ‘boring’ way, but they have scored the second most goals in the league and have the second best defensive record and deservedly sit well clear of Arsenal and Manchester City.Chelsea will fancy their chances to extend these impressive stats against a side they have only lost to once in 11 Premier League meetings.Furthermore, the Blues have impressively lost just three of their 50 matches in all competitions this season.Diego Costa has again been ruled out with a hamstring injury, however fellow striker Loic Remy is back in contention with Thibaut Courtois returning from a hip problem.So who will Mourinho pick for what could be a Premier League winning team? talkSPORT takes a look.GoalkeeperWith Courtois back in contention look for him to start ahead of Petr Cech as Mourinho’s number one choice in goal.It will be interesting to see whether Cech decides to move onto pastures new next season, but for now, Mourinho has two of the best goalkeepers in the league to choose from.DefenceHardly unchanged all season, the back-four of Branislav Ivanovic, Gary Cahill, John Terry and César Azpilicueta will almost certainly start this game.All have largely stayed away from injury, only missing nine Premier League games between them.One who has played every league game this season is Terry, who is also level with David Unsworth as the top-scoring defender in Premier League history with 38 goals.As a unit, the Blues have conceded just 27 league goals all campaign, second only to Southampton on 26.More good news is that the future replacement for Terry appears to have been found in Kurt Zouma.The 20-year-old Frenchman is a rare youngster at the club who’s broken through to play first team football this season and looked accomplished every time he’s played.MidfieldLook for Mourinho to play his favoured five in the midfield for this game, with Namanja Matic and Ramires playing the holding roles.Matic has been vitally important to how Chelsea like to play and was rightly in the PFA’s Team of the Year.Another in the team of the year is Eden Hazard, who also won the PFA’s Player of the Year.The Belgian has scored 13 Premier League goals and completed eight assists this season and his recent performances have pushed Chelsea closer to the line when the rest of the team have been struggling.Someone unlucky to miss out on an award this season is Cesc Fabregas, who has 17 assists this season – just three short of Thierry Henry’s Premier League record.Look for Oscar to play in this game ahead of fellow Brazilian Willian, with Mourinho perhaps favouring a late burst from the latter if needs be.AttackWith the club’s top scorer Costa out for at least another week, Mourinho looks set to keep faith in Didier Drogba.The Ivorian scored in the win over Leicester on Wednesday and despite being 37-years-old, can still do a job at the top flight of English Football.If Drogba were to get tired then Remy should be ready for a call up to the squad.last_img read more