PREMIUMCity wants more green space for Monas after shelved revitalization project​​​​​​​

first_imgTopics : Facebook Linkedin Log in with your social account Even though the project to revitalize the National Monument (Monas) complex in Central Jakarta has been halted following public outcry, the Jakarta administration insisted any future development projects of the historic landmark would offer more green spaces.The 81-hectare complex has become one of the largest urban parks in a city that is suffering from a shortage of green space. Some 450,000 square meters of the Monas landscape is predominantly trees and grass.The figure represents 0.68 percent of total green open spaces in the capital, which is only at 6.556 ha, or around 10 percent of its land.The controversial revitalization project in the southern part of Monas is located on 34.481 ha of land or around 0.05 percent of the city’s total green spaces.The city administration aims to build a paved plaza for ceremonies and other activities, as well as a large pond…. Monas green-space #Monas LOG INDon’t have an account? Register here Forgot Password ? Googlelast_img read more

Explainer: Delay, exiting operator, what is happening to Indonesia’s strategic gas projects?

first_imgTopics : Jambaran Tiung Biru (JBT)The smallest project among the four is the Jambaran Tiung Biru (JBT) project in Bojonegoro, East Java, operated by state-owned oil and gas giant Pertamina.Pertamina subsidiary Pertamina EP Cepu or PEPC – pronounced “Pepsi” – expects the $1.53 billion project to produce 190 million mmscfd of gas, mostly slated for electricity generation but also for industries in Central and East Java.The latest SKK Migas data show that the project had reached 66.62 percent completion as of June, below the 77.01 percent target, also due to manpower and material delays amid the pandemic.In the latest development, PEPC drilling manager Bambang Purwanto said on June 16 the company had finished drilling four out of six gas wells for the JBT project. His team would proceed with drilling the fifth and sixth wells.“We hope these drillings happen smoothly such that we can 100 percent complete drilling by November this year,” he said in a statement.Julius of SKK Migas said on Aug. 14 that Pertamina’s drilling activity was still on schedule even though construction had been delayed.“JTB’s progress has slowed due to a lack of manpower, but the drilling is okay. It’s still on schedule,” he said. Four Indonesian strategic upstream gas projects are facing headwinds from pandemic-related restrictions and exiting operators, presenting challenges to the country’s ambition to become a major Asia Pacific gas exporter by 2030.The four national strategic projects are expected to produce 65,000 barrels of oil per day (bopd) and 3,484 million standard cubic feet per day (mmscfd) of gas, according to Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) data.The projects are the Abadi field in gas-rich Masela Block, near Maluku; Indonesia Deepwater Development (IDD) in the Makassar strait, near Sulawesi; Tangguh Train 3 in West Papua; and Jambaran Tiung Biru (JBT) in East Java. The combined value of the four projects is an estimated US$37.21 billion. Tangguh Train 3The third-biggest project is Tangguh Train 3 in Bintuni Bay, West Papua, led by British energy firm BP.The $8.9 billion project is expected to produce 700 mmscfd of gas and 3,000 bopd once operational in 2021. The latest SKK Migas data show that the project’s onshore development hit 83.27 percent completion while its offshore development reached 98.15 percent completion as of June this year.The targets are slightly below the targets of 84.35 percent and 99.39 percent completion, respectively, due to manpower and material delays following international lockdowns.“SKK Migas urges BP Tangguh to commit to its onstream plan of 2021,” said Dwi of SKK Migas at a press conference on first-half performance on July 17. Most recently, SKK Migas’s Julius said manpower had been trickling back on site. The project had up to 13,000 workers in March but dropped to as low as 6,000 workers as Indonesia entered a partial lockdown to contain the COVID-19 outbreak.“Starting in early July 2020, it has been gradually going up, and now there are around 7,500 workers,” he said. The biggest project among the four is the Abadi gas project in Masela Block, whose minority operator, Shell, was revealed last month to be planning an exit.Shell and Japan’s Inpex Corp, which control a 35 percent and 65 percent stake, respectively, were slated to develop a multibillion-dollar liquefied natural gas (LNG) facility in the Abadi field, which holds an estimated 10.7 trillion cubic feet of proven gas reserves.Shell then received government permission to start divesting its assets in Masela, with the first step being opening geological data of the block to potential buyers.On Monday, SKK Migas head Dwi Soetjipto stated that the company would divest its assets over an estimated 18 months, adding that Shell would continue developing the Abadi field despite the divestment.“The aim is to have [Abadi] onstream by 2027 and we have agreed with operators to try and stick with this schedule,” SKK Migas head Dwi Soetjipto told lawmakers on Monday.SKK Migas operations deputy Julius Wiratno previously told The Jakarta Post that Shell’s exit was due to poor macroeconomic conditions amid the unfolding health crisis.“The projects were ready to go, but now, with COVID-19 and low oil prices, it’s wait and see and maybe with some re-calculations,” he said.Shell Indonesia declined to comment while Inpex Corp said it would continue focusing on developing the Abadi field.“As the operator of the project and with the government of Indonesia’s support, we have confidence that this project will continue to progress,” said Inpex acting corporate communications manager Moch N. Kurniawan.The $19.8 billion project, located in the southeastern Arafura Sea, aims to produce 1,600 mmscfd of liquefied natural gas (LNG), 150 mmscfd of piped gas and 35,000 bopd of gas condensate, once operational by 2027.Abadi is the biggest project among the four by output and investment value. The project has a long history of delays due to disagreement between the government and operators over development plans.center_img However, the two biggest projects, IDD and the Abadi field, are on the verge of losing a key stakeholder, throwing the projects’ future into the realm of uncertainty.The projects, whose gas production is 9.5 times their oil production, are expected to drive Indonesia’s transition from an oil economy to a gas economy, an ongoing transition since 2002. Indonesia Deepwater Development (IDD)The second-biggest project is the IDD project, whose operator, United States-based Chevron signaled plans to exit the project earlier this month.A Chevron spokeswoman said the project was not attractive enough to secure global portfolio capital but also noted that the company had not made the final call to pull out.“We believe the project will have value for another operator,” PT Chevron Pacific Indonesia spokeswoman Sonitha Poernomo told the Post.The government has offered the project to Italy’s Eni, according to the Energy and Mineral Resources Ministry’s acting oil and gas director general Ego Syahrial.The $6.98 billion project is expected to produce 844 mmscfd gas and 27,000 bopd once operational in 2025.“IDD is one of the largest pre-development resources in Southeast Asia, but owing to the challenges of developing a high cost, low margin project in a volatile price environment, development has stalled for several years,” said upstream oil and gas analyst Andrew Harwood of energy consultancy Wood Mackenzie. Abadi fieldlast_img read more

New apartment sales on the Gold Coast at a 12 month high

first_imgElysian is a new residential development in Broadbeach.“As we predicted, 2018 was off to a strong start for the Gold Coast apartment market,” Ms Campbell said.“New project launches stimulated sales in the quarter, and with a possible 19 new projects to launch in the next quarter, supply has definitely stepped up to meet demand.“Though some of our other cities may have seen a slow down in sales, things are lookingsunny on the Gold Coast.” However, research by REA Group showed demand for units was down eight per cent across the city in the six months to April 30 compared with the same period last year.The findings were based on property views per listing. Rawcorp’s new apartment project Bellevue at The Glades, Robina.A WAVE of new apartment developments across the Gold Coast has buyers in a frenzy with new data revealing sales are the highest they’ve been in 12 months.The new apartment market recorded 278 sales in the March 2018 quarter, according to research by property consultants Urbis.That’s a 33 per cent increase on the previous quarter.Owner occupiers made up 42 per cent of sales followed by interstate investors at 28 per cent, local investors at 20 per cent and foreign investors at 10 per cent. Rawcorp’s new apartment project Bellevue at The Glades, Robina.“The Gold Coast is more than just a premium tourist destination — it is a place to live, work and play,” Urbis senior consultant Lynda Campbell said.More from news02:37International architect Desmond Brooks selling luxury beach villa16 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“The apartment lifestyle makes sense for a range of Gold Coast residents, including downsizers.”The Gold Coast average sale price was $729,856, the highest level recorded in three and a half years.The central precinct — Labrador, Southport, Main Beach, Surfers Paradise, Broadbeach and Broadbeach Waters — recorded the highest average sale price at $800,625, which was driven largely by the launch of a number of projects in Broadbeach.It recorded the highest quarterly sales rate with 160 during the quarter — or 58 per cent of total sales.last_img read more

Beyond Brisbane: affordable hotspots in the Sunshine State

first_imgThere’s plenty to love about Brisbane, but as the city’s appeal grows, its affordable options are shrinking. While it’s good news for those already on the Brisbane property ladder, it may be time for bargain-hunters to search further afield.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:57Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:57 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy 2019 is a good time to buy property01:57Once a haven for priced-out investors from Sydney and Melbourne, Australia’s third-largest city is on its way towards narrowing the price gap. Forecasters, BIS Oxford Economics, expect Brisbane to outperform the other capitals in terms of price growth in the near future, with a 13 per cent increase predicted by 2021.With its enviable climate, laid-back lifestyle and dazzling coastline, the Sunshine State has plenty to love beyond its capital city, and savvy buyers are already on the case.The Sunshine State has plenty to offer beyond its capital. Picture: Newport, suppliedThe top 10 growth suburbs in Queensland for 2018 were all outside of the city, according to the latest data from realestate.com.au.Here are some Queensland regions rightfully earning their stripes as growth suburbs.Moreton BayHalfway between the Sunshine Coast and Gold Coast, Moreton Bay is enjoying its time in the sun, with annual growth topping 20 per cent across many of its regions. Along with a boom in local employment opportunities, the completion of the Moreton Bay Rail Link provides locals with an easy connection to jobs in Brisbane and Northlakes.On the water, Newport, Moreton Bay has the well-heeled crowd paying attention, with new luxury waterfront homes, golf courses, boutiques and alfresco eateries proposed for the Newport Town Centre.This waterfront community has direct boat access to Moreton Bay. Picture: SuppliedResidents here have the opportunity to live car-free, with schools, retail, entertainment and employment options all within walking distance, and the nearby train station connected via a walkway and cycleway.Sunshine CoastThe Sunshine Coast is much more than a holidaymaker’s dream – according to official council forecasts, the area is predicted to house an extra 385,000 people by 2026. With more than 300 days of sunshine a year and access to the scenic hinterland and stunning coastline, it’s no wonder so many Australians are making the move north.Mainwaring Collection at Brightwater, just a short drive from beaches and Mooloolaba’s amenities, offer residents high quality, low maintenance living options that give them freedom to enjoy the Sunshine Coast lifestyle. The Mainwaring Collection gives residents the freedom to enjoy the Sunshine Coast lifestyle. Picture: SuppliedThe Central Kawana region is also on the rise, slated to become a $5 billion world-class destination, offering the lakeside and beachfront residential communities of Bokarina Beach and Birtinya, along with a new health precinct, town centre and retirement village.Gold CoastLiving up to its name in more ways than one, the Gold Coast’s local economy is thriving, and with it, a host of new communities. There are several proving that there’s more to the Gold Coast than its glittering beaches, spreading development from the coast up along the banks of the Coomera River and into the foothills of Mount Tambourine.Foreshore Coomera is surrounded by stunning parklands and offers its residents world-class facilities. Picture: SuppliedForeshore Coomera is an up-and-coming riverside enclave, offering easy access to the buzz of the Gold Coast, and to Brisbane, via nearby Coomera train station, with community facilities and parklands replacing city crowds and price tags.Whether by the sea, river or mountains, one feature shared by many of Queensland’s new residential developments is the focus on lifestyle and value. As the influx of new development and infrastructure spreads beyond the cities and longstanding regional hubs, the future is bright for the Sunshine State.Research from realestate.com.au compares the growth in median house price using Hometrack data, 12 months to Dec-18.last_img read more

Global Ports Holding’s JV Acquires Remaining Stake in Malaga Cruise Port

first_imgA joint venture of cruise port operator Global Ports Holding Plc (GPH) has completed the purchase of an additional stake in the Spanish Malaga Cruise Port.On January 24, Creuers Del Port de Barcelona SA (Creuers) wrapped up the acquisition of Malaga Port Authority’s 20% holding in the Malaga Cruise Port concession for EUR 1.5 million (USD 1.65 million).As informed, this increases Creuers’ ownership in the Malaga Cruise Port concession to 100% and GPH’s effective ownership to 62% from 49.6%.Established in 2008 as part of Creuers, Malaga Cruise Port manages all three cruise terminals of the Port of Malaga. The port is located in a strategic area in Southern Europe, connecting with routes to the Atlantic and the Mediterranean to make it a gateway to Andalusia.Back in 2014, GPH took over the controlling stake in Creuers, becoming the world’s largest cruise port operator. As part of the acquisition, Malaga Cruise Port became a subsidiary of GPH.The newest announcement comes only a few weeks after Goulette Cruise Holding, GPH’s joint venture with MSC Cruises, concluded the acquisition of Goulette Shipping Cruise, the company that operates a cruise terminal in La Goulette Tunisia.last_img read more

Denver votes to decriminalise magic mushrooms by razor-thin margin

first_imgBBC News 9 May 2019Family First Comment: This is how wacky things are going to get…“The UK’s National Health Service describes them as a hallucinogenic “making people see, hear and experience the world in a different, ‘trippy’ way”.”Understatement of the year!Denver has voted to decriminalise the use of magic mushrooms – the first US city to do so.The motion was put to a public vote on Tuesday, and passed with a slim majority of 50.6%.Although the mushrooms will technically still be illegal, restrictions on personal use and possession by adults will be drastically loosened.Police officers will now be instructed to treat magic mushroom users as their lowest priority.Denver decriminalised cannabis in 2005 ahead of the rest of the state of Colorado. Tuesday’s referendum was the first US public vote on magic mushrooms.What are magic mushrooms?They are a form of fungus found across the world which contains a psychedelic chemical called psilocybin.The UK’s National Health Service describes them as a hallucinogenic “making people see, hear and experience the world in a different, ‘trippy’ way”.READ MORE: https://www.bbc.com/news/world-us-canada-48185366last_img read more

NegOcc firms urged to register biz name early

first_imgThrough the hub, enterprises can renewtheir business name registration while newly-established companies can alsoapply for listing. Although the penalty for failure toprocess or renew is minimal, erring establishments can be subjected to closureas business name registration is one of the requirements in obtaining a mayor’spermit from the local government unit. A business name registration, which isvalid for five years, provides a legal personality to an enterprise. Beinglegitimate enables an enterprise to avail of assistance from government and privateagencies. “All enterprises engaged in businessregardless of capitalization are mandated to get their business nameregistration from the DTI. The renewal can be processed as early as 180 daysprior to the expiry,” Tupas said. Engiemar Tupas, officer-in-charge of theIndustry Development Division of DTI-Negros Occidental, said since the NegosyoCenter in this city is open only until Friday, the last working day of theyear, processing will resume on Jan. 2. Registrants are required to bring onlyphotocopies of their valid identification cards.center_img The DTI collects a fee of P230 from businessesin the barangays and P530 for those in cities and municipalities. The fee is P1,030for regional businesses and P2,030 for those national in scope. Enterprises outside Bacolod may alsoprocess their business name registration in other Negosyo Centers located inthe cities of Sipalay, Kabankalan, Himamaylan, La Carlota, Bago, Talisay,Silay, Victorias, Cadiz, Sagay, Escalante, and San Carlos. BACOLOD City – The Department of Trade and Industry urged enterprise owners inNegros Occidental not to wait for the deadline but visit early itsoffice to process their business name registration. The DTI has also established NegosyoCenters in the towns of Hinoba-an, Cauayan, Binalbagan, Isabela, La Castellana,San Enrique, and EB Magalona. (With a report from PNA/PN)last_img read more

Hawkeye Dirt Tour show at Des Moines rained out

first_imgDES MOINES, Iowa (July 19) – Tuesday night’s IMCA Hawkeye Dirt Tour event at the Iowa State Fairgrounds Speedway has been canceled due to inclement weather.The July 19 program for touring Xtreme Motor Sports IMCA Modifieds will not be rescheduled.The tour is at Oskaloosa, along with the completion of the Stock Car Shootout show rained out earlier this month, for a $1,000 to win feature on Wednesday, July 20, and at Knoxville Raceway on Thursday, July 21.Karl Chevrolet Northern SportMods are also on the program for the Dynamic Drivelines Dirt Duel at Knoxville. Modifieds race for $1,500 to win, the Northern SportMods for $1,000 to win at Knoxville.Racing starts at 7:30 p.m. Wednesday and at 7 p.m. Thursday.last_img

Wenger wants Podolski to stay

first_img Press Association “[I’ve learned] a lot [from Arsene Wenger]. He is a coach who has many years in football and with Arsenal. I am learning from him and from my peers every day in training. I’m doing my best to be a better player every day.” While Arsenal have not been short of attacking options, with Chile forward Alexis Sanchez in fine form following a £30million summer move from Barcelona, the Gunners have been left brutally exposed at the back where their options have been hit by injuries to full-back Mathieu Debuchy and centre-half Laurent Koscielny. Debuchy suffered an ankle injury against Manchester City in September but has started to step up his recovery, while Koscielny has been sidelined by a troublesome Achilles problem with no firm return target set. “We are missing our defensive solidity at the moment, due to injuries,” said Wenger, who sanctioned the sale of captain Thomas Vermaelen to Barcelona in August. “We are paying the price for Debuchy’s (injury), because (Calum) Chambers is a central defender. “I think we have a very good balance between Koscielny and (Per) Mertesacker, so we are losing experience at the back at the moment.” German playmaker Mesut Ozil has also been out of action for several weeks after sustaining a knee injury in the defeat at Chelsea before the last international break, and is not expected to be available again until the start of 2015. Wenger, though, is confident the former Real Madrid star, Arsenal’s club-record signing, can still make a big impact this season. “He will not be back until January. He came back from the World Cup with an injury,” said Wenger. “He had a very good first season with us. I think we will see the best of Ozil in the seasons to come.” Arsenal host Manchester United on Saturday aiming to recover from the 2-1 defeat at Swansea before the international break which left them in sixth place, 12 points behind leaders Chelsea. Speaking during an hour-long television interview with beIN Sports, Wenger said: “It is not established at all that he will leave at Christmas. “It is me who sets the price and (the reported deal) doesn’t correspond at all to his price. He is not for sale and there is no offer. “Podolski plays a position where there is a big competition. He came very late from his holidays [after the World Cup in the summer], so he started after his team-mates and was not good physically.” Costa Rica forward Joel Campbell is another who has found first-team chances difficult come by with Arsenal this season. However, Campbell issued a video on his personal website dismissing reports he was seeking a move away, having just retuned to the Emirates Stadium following a productive loan spell at Olympiacos. “What they have been saying is not true, I’m very calm. I have not been furious,” the 22-year-old said on www.sports.bycampbell.com. “Obviously, yes, I would like to be playing, but that’s something that has to be earned day by day. I have to keep training and waiting for the opportunity, I know it’s a very competitive team. “Arsenal is one of the best teams in the world where there are many important players. I have to be patient, keep training and I know my chance will arrive and I’ll have to take advantage of it when it comes. Podolski has yet to start a game for the Gunners in the Barclays Premier League this season, instead used as an impact player from the bench – as he was when he netted a dramatic last-minute winner in the Champions League away to Anderlecht. Wenger, though, stressed the 29-year-old had to face up to the competition for places in the Arsenal frontline and rejected reports any cut-price deal was on the table, with the likes of Napoli said to be one of several interested clubs. Arsenal manager Arsene Wenger insists Lukas Podolski is “not for sale” – even though the German forward indicated he could look for first-team football elsewhere when the transfer window opens in January. last_img read more

We ‘lost our minds’ after going behind, claims Reds boss Klopp

first_img Press Association Jurgen Klopp hopes Liverpool’s 3-0 drubbing at Watford will prove the low point of his Anfield career. “Between what we wanted to do and what everybody could see, there’s a big gap. “After Southampton everyone thought ‘wow’ and after Man City. But that’s one part of what we can do. “Today we saw the complete other side and maybe the truth is somewhere in the middle. “I know how strong this team can be and it’s my job to help them show it much more often than we have. “It’s not that bad. Today was bad. “The result is very bad, but I’m really disappointed about the reaction on the first goal because things like this can happen.” Liverpool were rendered toothless in attack by Klopp’s decision to field Roberto Firmino as a false nine. Ighalo and Troy Deeney’s deadly double act in Watford’s 4-4-2 exacerbated Liverpool’s absent cutting edge as the visitors failed to fire. Divock Origi replaced the injured Martin Skrtel in a total formation re-jig just before half-time, but not even adding a focal point could alter the outcome. Klopp conceded that with hindsight he may have selected a different starting line-up, but in the same breath defended his right to rotate his squad. “That’s the next problem. If you lose the games everyone is allowed to ask why this player didn’t play, when they wouldn’t after you win,” said Klopp, when quizzed on why Benteke was on the bench. “So okay maybe it was not the best decision, I don’t know. We will never find out. “But for today I decide first for Christian, then for Divock, then for Christian. It’s up to the players to change this.” Chelsea are reported to be targeting a January swoop for Benteke, who only joined Liverpool from Aston Villa in July, but Klopp attempted to dismiss such talk. “If there’s the same probability in all the other transfer rumours I’ve heard since I’ve been here, then I’m pretty cool,” said Klopp. “All I’ve read until now was nil per cent and I haven’t heard about this.” Watford boss Quique Sanchez Flores hailed defender Ake for his shrewd move that led to the first goal. “The impression I have now is that the ball was live,” said Flores, denying accusations of a foul on Liverpool keeper Bogdan. “Ake was very clever, because he was in the right position to claim the ball. “He’s always ready for everything and focused on the play.” The German boss admitted it may have been a mistake to leave Christian Benteke on the bench in north London, but downplayed rumours the Belgium striker could join Chelsea in January. “We lost our minds after the first goal, we lost our compact formation after the first goal, we didn’t play easy when we should have,” said Klopp. “The pitch isn’t the best one, but it’s possible to play if you play easy football, you have to use the wind, not play against the wind. “That’s what Watford did with the second goal. “We made bigger faults than the ref today. “He (Bogdan) had both hands on the ball, so it’s a foul. I think that’s the situation, but that’s what happens – mistakes, faults, refs, players, that can happen, that’s football, the reaction has to be better. “I would say hopefully it’s the most disappointing moment in my whole Liverpool FC life. “We don’t feel good today of course. We came here to do something really different from what you saw. The Reds boss admitted “we lost our minds” after Nathan Ake picked goalkeeper Adam Bogdan’s pocket for the opening goal at Vicarage Road. Klopp claimed left-back Ake fouled Bogdan for the first goal, but accepted Liverpool “made bigger faults” as Odion Ighalo’s brace condemned the visitors to a four-game winless streak. last_img read more