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aviation sector in India
January 01, 2021, Friday
IndiGo airlines said that some of its servers were hacked earlier in the month of December and hackers might upload some internal ...
August 07, 2020, Friday
Salary cuts will be effective from April 1 and will continue till further review by the board of directors.
May 29, 2020, Friday
He said it is particularly disappointing that the package of $123 billion in government financial aid that has been announced ...
May 22, 2020, Friday
Public sector bank executives said these three sectors have been hit badly in the immediate aftermath of lockdown announced in ...
May 13, 2020, Wednesday
Some of the sectors which have been worst affected by the pandemic and the lockdown include hospitality, tourism, aviation, ...
April 29, 2020, Wednesday
Business Standard brings to you a snapshot of events which made it to the headlines today
March 19, 2020, Thursday
The Finance Ministry is considering a proposal that includes temporary suspension of most taxes levied on the sector
November 04, 2019, Monday
When Jet Airways was operating to its full schedule, the total fleet size of Indian airlines had peaked at 614 in January
October 24, 2019, Thursday
Aviation experts blamed low business activity, muted consumer sentiment and closure of Jet Airways as main reasons for the lower ...
August 12, 2018, Sunday
On July 18, the govt introduced a bill in the LS that seeks to amend AERA Act to have provisions for new tariff models for ...


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OnePlus’s latest flagship killer, the OnePlus 7T, comes pre-installed with the Android 10 based OxygenOS 10 update. The OnePlus 7 Pro, OnePlus 7, and OnePlus 6T — all having access to the beta version of Android 10.
The company pushed out an update making Android 10 available through the latest OxygenOS Open Beta shortly after release and released Android 10 to the OnePlus 7 and 7 Pro in late September 2019.
Here’s the list of smartphones that will be getting OxygenOS 10/Android 10:
- OnePlus 7 Pro
- OnePlus 7
- OnePlus 6T
- OnePlus 6
- OnePlus 5T
- OnePlus 5
We will update our list as soon as we get more information about this in the future.

domain: news


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Today announced the iron man 3 slot gratis launch of the digital Mogo Spending Account with Platinum Prepaid Visa Card.
August 1, 2017 - Flexiti Financial is pleased to announce the closing of an oversubscribed 5M convertible debentures offering.
The cloud-based technology enables financial institutions to fully rebrand Payfirma's platform and launch their own merchant services platform with their branding and marketing.
Numeri di conto corrente per i versamenti eseguiti alle Poste (nel caso di bollettino compilato a cura dellutente).
The bank announced that it had tested the distributed ledger to understand the consequences of decentralizing ledger managing functions of sepa credit identifier, a simplified version of cross-border Euro transfers within the Single Euro Payments Area (sepa).Thanks to an update to the RBC Mobile app, Royal Bank of Canada (RBC) personal banking clients are now the first in Canada who can ask Siri to pay their bills on iPhone and iPad.Has signed an agreement to provide its tenants across the.S.A draft of the proposal addressed to the ECB and other groups said a pilot project would be aimed at reinforcing the capacity and technical expertise of national regulators regarding blockchain technology.The issuing of this specification also marks a new breakthrough in UnionPay's promotion of the international application of China's payment standard.First Global adds global foreign exchange partnership, appoints IR firm.Users can buy bitcoin online from other users through sepa bank transfers.On the other hand, restrictions on cash payments could promote the development of alternative payments technologies compatible with the non-anonymity objective pursued, the report adds.
Consumers expect to abandon using cash for shopping by 2020, according to Lost in Transaction, a new research report conducted by Paysafe, a leading global payments provider.
At this rate, fiat money is approaching its decline and the emergence of a decentralized and market-based currency such as Bitcoin or any other cryptocurrencies that hold the philosophy of Bitcoin could threaten the global financial system.
The commission proposed a competent authority to be made responsible for ensuring transparency.Funds are disbursed directly to the recipient's bank card/bank slot free senza scaricare zeus hd account at any bank in China.Although, it is doubtful Europe will follow in Japans footsteps and stop opposing Bitcoin.Most importantly, the fact that bitcoin transactions are anonymous makes the system a big opportunity for cybercrime and money laundering.This part of the internet is highly encrypted and hard to reach where Bitcoin and other digital currencies are the preferred payment methods.The partnership between SmartCard and Axepay creates a powerful suite of payment processing solutions that provide a conduit to perform payment transactions between merchants and individuals, and on a B2B basis, to pay-in and pay-out of China.


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Canada Goose is trying on shoes for size.
Come November, the luxury outerwear purveyor will be accessorizing its Arctic-grade bombers and parkas with a line of boots designed to stave off Jack Frost’s worst. It’s part of its goal, the Toronto-headquartered firm said, to provide “premium head-to-toe protection.”
The move has been three years in the making. In 2018, Canada Goose snapped up Baffin, an Ontario-based manufacturer of performance outdoor and industrial footwear, with an eye on embarking on its own “footwear journey” down the road.
“For decades, our products have lived side-by-side in the coldest places on Earth. The Arctic heritage and best-in-class functionality of Baffin boots are synonymous with what Canada Goose stands for,” president and CEO Dani Reiss said at the time. “As we continue to execute our current growth initiatives and build an enduring brand for generations to come, Baffin provides us with valuable infrastructure and know-how to start exploring the exciting global footwear category.”
Made in Romania, the Snow Mantra, a $1,295 winter boot, was inspired by Canada Goose’s best-selling Snow Mantra jacket. It features a grippy lug outsole, Double Vislon zippers for easy entry and removal, drawcords and i-cords for quick fit adjustment and PrimaLoft Gold insulation to keep feet toasty in temperatures as low as -30 degrees Celsius. The Journey, which is crafted in Italy, is a $750 hiking boot that offers a deep tread design, a protective rubber bumper and seamless three-piece uppers that reduce potential abrasion. Both styles, Canada Goose said, are clad in TerraCare leather tanned using environmentally conscious processes with lower water and chemical footprints.
Canada Goose, which has pledged to shed its signature fur “no later” than the close of 2022, has ventured beyond the parka before. In 2017, the brand expanded into knitwear, then fleece a year later. Though jackets are still Canada Goose’s hero product, drawing the bulk of its sales, the non-parka segment of its business has contributed roughly half of the company’s direct-to-consumer revenue in the most recent quarter. With shoes, its transformation into a full-fledged lifestyle company is nearly complete.
“As I have said before, I believe that we have an incredible opportunity in front of us in footwear,” Reiss said in an earnings call last month. “Our intention is to define and develop this category in a way that no other brand can or has. I have great confidence in our team and in their ability to succeed in this category, just like we have with each of our previous category expansions, including lightweight down and apparel.”
The Snow Mantra and Journey boots, which will debut in men’s and women’s styles with three colorways apiece—including all-black and earthy-hued versions—will be available from the company’s website, its 35 global storefronts and authorized retailers such as Net-a-Porter and Ssense beginning Nov. 12.


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Secretary of State cuts all online business filing fees to $1
The Internet has reduced the cost of many things – free email, a plethora of free content, free or cheap online services – to the point that we have come to expect things to be free, or nearly free. Now you can add the Colorado Secretary of State Scott Gessler’s Business & Licensing Division to the web’s growing list of free, or nearly free, things. Just missing Black Friday by a week, all online business filing fees will be $1 starting December 1st.
That’s right. Want to file a Periodic Report for that special corporate person in your life? Used to be $10, now it’s $1. Need to amend your Articles of Incorporation just in time for the holidays? Used to be $25, now it’s $1. Want to authorize your business based outside of Colorado to transact in Colorado in time for Christmas? Used to be $100, now it’s just $1.
You may want to fill your stockings with filings soon, as the Secretary of State will review this reduced fee policy on a monthly basis to make sure his office can meet its budgetary obligations. Secretary Gessler believes that reduced fees could save businesses $600,000 annually and bolster Colorado’s reputation as a low-fee state with great customer service for business.


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December 31, 2021
The Ministry of Commerce has flagged “Kampot Fish Sauce” as a potential Geographical Indication (GI), and is keen to work with international organisations to build momentum and buzz around the condiment, and ramp up exports to the level of highly-acclaimed local specialties such as Kampot pepper.
Ministry director for Intellectual Property Rights Suon Vichea told The Post that a linked working group has recently gathered input from producers, traders and small- and medium-sized enterprises (SME) on the production of the GI candidate.
The group has also set up an interim committee to compile a booklet that presents a detailed profile on the production of the condiment, the managing association, internal regulations, the design and layout of the GI logo, and other pertinent information, he said.
The ministry will consult officials from the industry and agriculture ministries and local authorities in the compilation process, added Vichea, who is also director of the Secretariat of the National Committee for Intellectual Property Rights.
The Post understands that the commerce ministry, in collaboration with national and international experts of the EU-funded Arise Plus Intellectual Property Rights programme, have also held virtual discussions with the Kampot provincial Department of Commerce, as well as producers, traders and relevant SMEs in the province on the matter.
Vichea expects the ministry to complete the preliminary procedures by end-April, leading to the registration of the GI and official recognition – not necessarily on the same day.
Chan Sitha, CEO of E Chei Ngov Heng Food Production of Kampot, a well-known fish sauce maker, said the varieties of the condiment made in the province saw a surge in popularity during the Sangkum Reastr Niyum era between 1953-1970.
This was largely due to the distinctive flavour and aroma derived from the high-protein type of fish used, locally known as “kak koeum”, he explained. It was not immediately clear which specific species of fish the term refers to.
Founded in 1995 as a cottage industry in a cut-throat marketplace flooded with imported fish sauce, the business behind the “Ngov Heng Kampot Fish Sauce” brand has captured a 30-40 per cent market share in the capital’s supermarkets, Sitha claimed.
Bottles of the fermented seasoning are also distributed to other provinces, as Cambodian consumers turn to local products, he said.
The businessman shared his ambitions to bring Kampot fish sauce to the international market, saying he was pulling out all the stops to ensure that his products meet internationally recognised standards and are able to enjoy a worldwide resonance.
“We’ve been expanding, albeit slowly as we require a lot of funds, given that our main ingredient is organic fish that are available for just one season a year, obliging us to buy for stockpiles that constantly require larger areas,” Sitha said.
“If ‘Kampot Fish Sauce’ is registered as a GI, it’d be far more in vogue and easier to export.”


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Quaker Oats has issued a voluntary recall of its Quaker Oats Quinoa Granola Bars following the discovery that one of its suppliers provided sunflower seeds for the bars that are believed to be contaminated with listeria, a food borne illness which can be devastating for pregnant women, young children, the elderly and those with immune deficiencies. If you happen to have a box in the pantry, here's how to tell if your Quaker Oats Granola Bars have been recalled.
Another day, another expansion of the listeria recall that has been ongoing for a few weeks now. The Quaker recall, according to CNN, is part of a May 3 recall issued for sunflower seeds from SunOpta, which distributed seeds potentially contaminated with listeria all across the country to be included as an ingredient in salads and trail mixes.
There is a bit of good news: most of the potentially contaminated bars never reached the grocery store shelves, and there haven't been any reports of anyone getting sick from the bars yet — the company only issued the recall in an abundance of caution.
Quaker Quinoa Granola Bars Chocolate Nut Medley
There are two boxes of bars you need to look out for. The first is the 6.1-ounce box of Quaker Quinoa Granola Bars Chocolate Nut Medley. If you have a box of those, check out the UPC code. The potentially contaminated boxes have a "Best Before" date of 10/16/2016 and 10/17/2016 and a UPC code that reads, 10030000322410000.
Quaker Quinoa Granola Bars Yogurt, Fruit & Nut
The second box you need to watch out for is the 6.1-ounce box of Quaker Quinoa Granola Bars Yogurt, Fruit & Nut. The boxes of concern will have "Best Before" dates of 10/10/2016 and 10/11/2016 and the UPC code 10030000322434000.
Any consumers with a box of granola bars fitting either of those descriptions are urged to throw them away immediately or return them to the store where they were purchased for a full refund. Quaker is also offering a helpline number, staffed during business hours to handle questions. You can reach Quaker Oats at 800-856-5781.
The Centers For Disease control report that about 1,600 people a year become ill from listeria and, of those cases, about 260 will be fatal. Listeria is particularly difficult to get rid of for food producers, since, according to the CDC's Division of Foodborne, Waterborne and Environmental Diseases, listeria can live in spots like drains and pipes for years.


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In a bid to bridge the African continent’s digital divide, world leading electronics and mobile phone maker, Samsung Electronics, is planning to double its smart phones sales and marketing plans in Africa to enable local mobile phone subscribers enjoy internet access on smart devices via partnership agreement with leading mobile phone operators in the continent.
These plans were revealed by Samsung Electronics Africa Vice President and Chief Operating Officer, George Ferreira, at the Africa Regional launch for the new Samsung GALAXY Note II and Samsung GALAXY Camera, in Cape Town, South Africa. The Samsung Note II supports 3G and Long Term Evolution (LTE) technologies
With Kenya, Nigeria and Ghana leading the pack in smart phone sales, Ferreira disclosed that Africa is now the second largest and fastest mobile phone market in the world after China, having grown from a base of 90 million in 2005 to a current estimate of 450 million handsets. He noted that mobile phone penetration was 65 percent in the continent.
“With such growth and market potential in Africa, Samsung will be going the extra mile to deepen the local smart phones market by introducing quality products as part of a very deliberate effort to bridge Africa’s digital divide.” Fereira said.
“Africa is an important market to Samsung and the Launch of both the Galaxy Note II and Galaxy Camera attests to Samsung’s commitment to bridge the digital divide. This is in addition to many of our initiatives across Africa aimed at technology transfer, capacity building, youth education and empowerment as well as fostering knowledge based African continent among other”, he added.
To Samsung’s President/CEO, K. K. Park, there had been over 500 per cent growth rate in mobile phones penetration in Africa between 2005 and 2011.
“In 2005, Africa had only 90 million mobile phones, but today, we have 450 million, over 500 per cent growth rate. We are moving to the era of smartphones. Smartphone is positioning itself for the revolution and the possibilities of the mobile device are unending and Samsung is positioned to aid the growth and reach of mobile devices to Africa and the rest of the world,” Park stated.
“Understanding this, Samsung has developed our smart mobile devices to be more intuitive, personal and immediately expressive. The GALAXY Note II is a perfect example of a mobile device that encourages users to unleash their inner creativity. With a perfect viewing experience and special features, users can discover information and capture their ideas quicker, and express thoughts freely and manage their tasks more efficiently,” says Samsung Electronics East Africa Business Leader, Robert Ngeru.
Meanwhile, Nigeria, with a 41 percent market share, has been credited as the leader of Samsung electronic devices in the sales and adoption, especially in the mobile phone segment among other African markets. Nigeria leads South Africa and Kenya, which had 31 percent and 7 percent penetration between August 2011 and 2012 respectively.
While asserting that 50 per cent of Africans connect to the Internet through the mobile devices, Ferrira said the company’s investment in mobile infrastructure was expected to reach $1.5 billion in 2015, adding that 760 million tablets would be in use globally by 2016, 40 per cent of which would be from emerging markets, including Nigeria.
“Smartphones outsells computers at four to one ratio penetrations. Six over ten of the fastest growing economies are based in Africa,” he said.
Also, West Africa’s Mobile Business Leader for Nigeria Emmanuel Revmatas while speaking at the Africa Regional launch in Cape Town, Samsung Electronics credited that the advent of new privately owned submarine cables and their landing on the coast of many East and West African nations including Nigeria has significantly reduced cost of internet access and increased the adoption of smart phones on the continent.
“Mobile broadband penetration has increased tremendously over the last few years and all across Africa we are witnessing continued investment in infrastructure by most of the network operators making it possible for telecom subscribers to take full advantage of world of endless opportunities that smart devices like the Samsung Galaxy Note II offers”, said Revmatas.
On the issue of eWaste control was very important to the company, Revmatas said the firm collects used mobile phones batteries in Nigeria for proper disposal.


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When it comes to customer satisfaction, a new survey finds that while early iPhone 4 owners like their smartphones more than owners of just about every other device, early owners of the iPhone 3GS liked that device more. ChangeWave Research released the results of a survey of 213 iPhone 4 owners which sought to find exactly what users of the device think in the midst of all the negative publicity resulting form the device’s antennae controversy.
According to that survey, iPhone 4 owners are largely a happy lot, with few reporting any unhappiness regarding their antennae. Even more surprising was the fact that the owners reported fewer dropped calls on AT&T’s network in the U.S. than did owners of of iPhone 3GS.
72% of respondents in the survey reported they were Very Satisfied with their device, with another 21% reported they were Somewhat Satisfied. That’s makes 93% of respondents saying they like their device, the kind of numbers most companies would (and a few maybe have) kill for.
Those satisfaction levels, however, are actually shy of the stratospheric numbers ChangeWave found in a similar survey of new iPhone 3GS owners taken in August of 2009. That survey found 82% as being Very Satisfied with their device and 17% being Somewhat Satisfied, for a total of 99% of respondents saying they liked their new iPhone 3GS.
Source: ChangeWave Research
Though there has been a lot of noise made about the so-called Antennagate issue with iPhone 4, ChangeWave found that some 65% of respondent reported they have not experienced any issues regarding their reception, with another 14% reporting they haven’t had “much of an issue.”
That makes for 79% of respondent reporting that the iPhone 4’s antenna hasn’t resulted in a problem for them.
This is a glass half-full and half-empty set of numbers, however, and those upset about Antennagate and Apple’s handling of the situation will no doubt quickly note that this leaves 21% — slightly more than one-in-five — who have had a problem with their reception. 14% said that the device’s antennae issue was Somewhat of a Problem, and 7% said it was a Very Big Problem.
What’s interesting is how this matches up to the issue of actual dropped calls. Though more than one-in-five reported the antenna issue as being a problem to one degree or another, ChangeWave found that iPhone 4 owners are experiencing fewer dropped calls than owners of iPhone 3GS did.
The survey found that 5.2% of iPhone 4 owners have experienced dropped calls in this survey, whereas a survey taken in June of 2010 found that 6.3% of iPhone 3GS owners had experienced a drop call.
“In other words,” the company said, “despite the hoopla surrounding the antenna issue, in actuality iPhone 4 owners report experiencing slightly fewer dropped calls on the average than do iPhone 3GS owners.”
Source: ChangeWave Research
This is at odds, however, with numbers from Apple CEO Steve Jobs who said that AT&T’s own numbers show that iPhone 4 drops one more call per hundred than the iPhone 3GS.
Good Results for Apple
ChangeWave said that the positive satisfaction levels for iPhone 4 are good news for Apple, especially in light of the bad press the company has received concerning Antennagate.
“Despite the waves of controversy that surrounded the iPhone 4 within days of its launch, the latest Apple release is outperforming almost every other smart phone in the industry in terms of overall customer satisfaction and meeting owners’ expectations,” the company wrote. “The good news for Apple is that these issues appear to be clearing up for good – and if they do, this survey shows there is a high likelihood the iPhone 4’s customer satisfaction levels could end up equaling or surpassing those of the 3GS.”
The author of the report, Paul Carlton, added, “From Apple’s perspective, that’s the happy ending they should hope for.”


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Amidst issues cropped up due to the COVID-19 pandemic such as the drastic drop in export revenue and collapse of the tourism industry, government is struggling to maintain the smooth supply of essential items to the general public and to contain the soaring prices. The milk powder shortage that emerged a few weeks ago is still to be sorted out; there are fears about continuous cooking gas supply, following the recent shortage and the demands by some suppliers to increase the prices. The prices of sugar and rice are yet to be brought down to the level that has been stipulated by the government by gazette notifications, despite the declaration of emergency Regulations to streamline the essential food supplies.
The government issued several gazette notifications during the past one year fixing prices for rice and sugar, but the traders dumped them into the trash bin and increased the prices at their own will. Those who imported sugar under a duty reduced from Rs. 50 to 25 cents a kg, and supposed to sell a kg at Rs. 85 have been selling it at an exorbitant price of Rs. 220 a kg until last month. The authorities including the newly-appointed Commissioner General of Essential Services raided the unauthorized warehouses of sugar and “purchased” the items in them, but at a higher price of Rs.115. A new price of Rs. 125 was fixed for the consumer, but people can buy sugar at that price only at the SATHOSA outlets and also only a limited quantity.
During the first six months of this year, the country has imported 600,000 tons of sugar; a quantity sufficient for more than one year’s consumption, according to Daily FT. Sri Lanka’s annual sugar consumption is between 350,000 and 400,000 tons. Therefore, there cannot be a shortage in the market, but still the consumers are struggling to buy sugar at prices fixed by the government and no longer the reports of raids on sugar warehouses are being heard.
Similarly, the authorities raided the rice mills in the North Central Province for the past two weeks, claiming that the large-scale rice mill owners were hoarding rice resulting in price hikes. Also the government fixed prices for various varieties of rice last week. Accordingly, Keeri Samba should be sold at Rs. 125, while Samba, Nadu and Kekulu varieties at Rs.103, Rs. 98 and Rs. 95 respectively. However, the rice at those prices is yet to reach the consumers.
Subsequent to the raids on mills, a group of monks and farmers agitated against those raids, alleging the government’s move would prevent the mill owners who pay a higher price than the government-stipulated prices from purchasing paddy from the farmers. Agriculture Minister Mahindananda Aluthgamage told them that the government would purchase paddy at Rs. 60 per kg during the forthcoming Maha Season, while accusing the mill owners for selling rice at exorbitant prices. Agitators did not accept it as it was seemed as a ploy to buy time.
President’s Spokesman Kingsley Ratnayaka in a statement on September 11 said that despite agreements being reached between President Gotabaya Rajapaksa and mill owners on the prices of paddy and rice, “market price of rice rose and a kilo of Nadu rice being sold at Rs.125, Samba at Rs.150 and Keeri Samba at Rs.225.” Mr.Ratnayaka and the ministers compare the prices of paddy that is bought by the mill owners and the prices of rice they sell in order to show that mill owners incur a huge profit. Their profit has to be calculated based on the expenditure they incur to produce a kg of rice grains and the selling price of rice.
However, the mill owners have no moral rights to hoard paddy or rice and to sell them above the agreed norms. There cannot be a shortage of rice in the market either, as around 3,000,000 metric tons of rice should have been produced in the last Yala and Maha Seasons, based on the statistics of the Department of Census and Statistics, while the annual rice consumption in the country stands at 2,340,000 MT, according to the Agriculture Ministry.
Nevertheless, expecting fair play from traders is self-deception. Therefore, the government must find means to manage the market, other than price control, such as strengthening competition. However, the government’s main competing tool to control the rice market; the Paddy Marketing Board (PMB) is handicapped by lack of resources and storage facilities, apart from lack of interest on the part of successive governments and authorities.
There are 323 warehouses belonging to the PMB with a capacity to store 323,700 metric tons, but with the store capacity available under co-operative network and district secretariats, the PMB’s total capacity is 500,000 Metric Tons. But the annual paddy production stands at around 5 million metric tons. Hence the current crisis is inevitable, even if the PMB has sufficient funds to purchase paddy.


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French tech site NoWhereElse wants to spoil the big reveal however, with a new leak showing the LG G2 manual, containing some spoilers on what features are coming to the new device.
It should be noted NoWhereElse has leaked a few big tech news stories in the past and the leaks have been accurate. They are definitely one of the biggest tech sites for leaks in France.
LG G2 features
We did hope the back panel on the LG G2 would be for touchscreen/fingerprint use, but it seems they will be physical buttons for on/off and volume control. This is still exciting, but it shows LG has failed, like Samsung with the Galaxy Note 3, on getting a fingerprint scanner on a mass market phone.
This means the LG G2 may lose a few inches on the sides, in replace for a little bit of extrusion on the back of the device. Like the Lumia 1020, with the back sensor leaning out the phone a little, it will be a minor problem for some users who love flat surfaces on the phone, but not a big issue.
The LG G2 will be the first smartphone from the South Korean manufacturer to include the nanoSIM, used on the iPhone 5 and Moto X. Nano is much smaller than normal SIMs but has not been widely adopted, with Apple being the only vendor until Motorola to actually utilise the smaller technology.
Surprisingly, even with the back buttons, the LG G2 will have a removable back and removable battery. The 2610mAh battery is impressive and we suspect it will hold up for a day, but there is better on the market for power users. Charging will be done through microUSB and there is a microSD card slot for expandable storage.
Other Features We Know
Apart from this new manual, there have been several leaks on the LG G2 specs and features. This is set to be a powerhouse smartphone, with a 30k AnTuTu benchmark score, it cripples all devices on the market right now.
It all starts with the 2.3GHz quad-core Snapdragon 800, the latest high-end processor from Qualcomm. We also may see the first 3GB RAM stick in a smartphone, with 16 – 64GB storage options.
The LG G2 will be a big phone, we are not sure how big, although recent leaks seem to point in the direction of 5.2-inches, with a 108p IPS screen. Hopefully this is true, it would be torture to see another high-contrast AMOLED screen.
Price and worldwide availability are still not known, we expect it to be priced at $199 on contract in the US and it is rumoured LG is pushing the phone to over 100 carriers in the first three months.


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From cars to bicycles, electric power has become the darling of the sustainability crowd, but should manufacturers be thinking smaller?
The Trikelet (via Inhabitat) is a three-wheel portable scooter that’s billed as the “most compact foldable electric vehicle in the world.” It’s not the catchiest title, but that could mean a lot for commuters who need to store their rides on buses, trains, and at offices.
Trikelet’s designers claim it folds up into a package (complete with carrying handles) smaller than a piece of carry-on luggage. The wheels even fold up to prevent dirt and water from getting on clean floors. Once unfurled, the scooter can reach speeds of up to 12 mph, and can go 9 miles on a single charge.
The Trikelet is still under development, but its designers hope to complete that work within a year. They plan to do a sort of soft launch demonstration program before putting the scooter on sale.


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Dropbox may have taken a temporary dip in the popularity polls with both Skydrive and Google Drive offering a better value proposition, so how do you keep your customers? Easy, change the subject. Yesterday the company took the lid off Dropquest 2012, its annual virtual scavenger hunt which awards those who manage to make it all the way to the end with an extra 1GB bump in their storage quota.
After years of rumors, whispers and supposed false starts -- and a week of anticipatory service upgrades from competitors like Dropbox and SkyDrive -- Google Drive is finally here. Yep, Google's getting into the increasingly crowded cloud storage game and it's bringing wallet-friendly price points and a bevy of features swiped from Google Docs and others.
Freemium cloud storage service Dropbox today announced “a whole new way” of sharing files, which it says makes it ridiculously “easy to share your stuff from the web, your computer, or mobile device.” To be honest, though, the said feature is far from being novel (perhaps Dropbox is happy about beating Leonardo da Vinci to the punch). While unprecedented it most definitely isn’t, you’re likely to find it very useful. Hit the jump for more.
The new SkyDrive features added late last week were, apparently, just the tip of the iceberg; today, Microsoft unleashed a new and improved preview version of its cloud-storage service that adds local SkyDrive clients, default Live Mesh-like functionality, the ability to pay for extra storage and more. Heads-up for existing users, though; your SkyDrive allotment could shrink from its current 25GB down to just 7GB if you don't act fast.
Microsoft's Metro-ified vision of the future relies heavily on users being able to access files and user settings no matter what Windows 8 device they're logged into. The SkyDrive cloud service will (obviously) be a large part of that cohesion. Gearing up for that, the SkyDrive team announced a handful of new features for the service. It's not the unlimited storage space for docs and photos that has long been rumored, but the changes are good ones nonetheless.
After a brief hiatus, Google Drive rumors made a comeback last month when the venerable Wall Street Journal reported that the long-fabled service was finally on the verge of release. Many weeks have passed and there’s still no sign of the Dropbox-like cloud storage service. What we have instead is yet another tantalizing rumor.
While PC geeks may be eagerly awaiting the launch of Ivy Bridge and Kepler GPUs, less hardcore tech fans have been throwing dollars at two particular niches: mobile and the cloud. Box, a cloud storage company competing for your nebulous attention, has just announced a killer new offer that brings those two elements together. The service released a spiffy update for its Android app today, and anyone who snags the app in the next 30 days gets a whopping 50GB of free cloud storage space, good for the rest of your life.
With 25GB of absolutely no strings attached free storage, SkyDrive has always been an amazing value. Of course that’s not to say its best in class, far from it actually for one key reason; it’s painfully difficult to access. Logging into the SkyDrive site using Windows Live is easy enough, but having to add files one at a time is painfully in-efficient. If you modify a photo for example, you need to download it fully, make your changes, upload the new version, and then manually delete the old one. Office Web Apps integration and batch file adding have helped, but it is still no substitute for Dropbox. If the rumors are correct though, this could all be changing soon. Both paid storage, along with Windows and OS X clients are apparently just around the corner.
Google's sticking its proverbial fingers into a whole lot of proverbial pies right now: search, social media, advertising, smartphones, restaurant reviews, self-driving cars and a ton more. A rumor swirling around the 'Net says the company's about to offer all those, +1 more: a cloud storage service similar to Dropbox. Yes, the long whispered-about GDrive service has reared its elusive head again -- but now it's just called Drive.
Dropbox has a lot of things going for it, but if you use the cloud storage service with any regularity, there's a good chance you'll bang up against the 2GB offered in the free version fairly quickly. (Assuming that you don't Gmail account chain trick outlined in our Dropbox Cheat Sheet, that is.) If you're chafing at your no-cost bonds, the service is giving you an opportunity to add up to another 5GB of space absolutely free -- if you're willing to be a guinea pig, that is.


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Nakumatt's KES 1.2bn development project
26 August 2013, 16:00
Regional retailers, Nakumatt Holdings, have announced plans to aggressively pursue a departmental store development project at an investment cost of KES 1.2billion as part of the firm’s revenue diversification strategy.
The strategy, which will involve the construction of several brand aligned concept stores, within the Nakumatt branch network was, confirmed today by Nakumatt Holdings Managing Director Atul Shah, and will be, executed concurrently with an on-going branch expansion strategy across the region.
According to Shah, Nakumatt’s strategy will see the retailer signing up for the exclusive operation of departmental stores aligned to premium global brands in key retail categories such as footwear, cosmetics, toys and consumer electronics.
By incorporating such a strategy, Shah, explained that Nakumatt Holdings is, now embarking on a bid to enhance its in-store retail offering. The strategy, he added is also geared at maintaining a premium edge in response to growing customer demands and market trends.
To kick off the departmental store strategy, Nakumatt has already commenced concept store construction works for Clarks and Skechers Lifestyle Footwear brands with a KES 480million investment outlay.
“In coming weeks, we shall be formally opening our new Clarks and Skechers concept stores as we embark on this strategic project to incorporate exclusive Departmental stores across our branch network,” Shah confirmed.
And added: “We are negotiating with several other global lifestyle brands including The Walt Disney Company to allow us present a refreshing and truly world-class retail product for our discerning customers.”
Having sealed an exclusive regional deal with Revlon last year and lately with L’Oreal to rollout mini departmental stores for Revlon and Maybelline products respectively, Shah disclosed that Nakumatt is training its focus on Lifestyle based departmental stores due to the latent market demand.
Pilot departmental stores already rolled out by Nakumatt, Shah confirmed have registered steady growth confirming the viability of the concept. Such stores, he disclosed are expected realise a minimum revenue of 10% of Nakumatt’s annual turnover.
Prior to a progressive rollout to other branches, Nakumatt will undertake the departmental store development project at its Nakumatt Westgate Hypermarket, Nakumatt Thika Road Mall Supermarket and Nakumatt Junction Hypermarket in Nairobi.


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Professor Luigi Pascale is a living link to the post-war heyday of Italian aviation. The sprightly 93-year-old still spends most of his days at the Capua premises and even flying the products of Tecnam, the light piston-aircraft manufacturer he co-founded in the mid-1980s and which has since produced 4,500 aircraft. Tecnam came some three decades after he established his original Naples-based company, Partenavia, developer of, among other types, the twin-engined P.68, rights to which are now owned by Vulcanair. He remains a legendary figure in the country’s general aviation industry.
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Simphiwe Ngema Announces Another Cool Endorsement Deal. This year is definitely hers for the taking. Simphiwe Ngema has been announcing good news after another since the beginning of 2020. She is back in the dating game and is expecting her first bundle of joy. Not only that Simphiwe, also bought her first property among other things.
Simphiwe, is not about to slow down, and she has more good news to share. The talented actress has just announced that she is the brand ambassador of Supa-vite. This is a black-owned direct sales company specializing in the manufacture, marketing, and distribution of healthy food.
“Proud to announce that I’m the new brand ambassador for @supavite. A proudly South African, Black owned health and wellness company. It’s about time we start supporting our own as black people. We need to save ourselves because no one is coming to save us,” she said.


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On Sunday, China Renaissance Holdings said in an exchange filing that its missing chairman and star dealmaker Bao Fan was assisting Chinese authorities in an investigation.
For the time, the Chinese bank has stated the cause of its founder’s disappearance since he was reported missing 10 days ago. The details of the investigation were not shared.
In the exchange filing, the bank said, “The Board would like to reiterate that the business and operations of the Group are continuing normally.”
As per sources, the Chinese authorities summoned Bao earlier in February to work on a case about a former colleague, Cong Lin, the company’s former president.
Last week, the company shares dropped after it said they were not able to get in touch with Bao during the exchange filing.
The dealmaker’s disappearance is the most recent case in a list of high-profile Chinese executives who were reported missing with not much information amid an anti-corruption campaign led by President Xi Jinping.
In 2015, five executives disappeared without informing their companies, including Fosun Group Chairman Guo Guangchang. Later, Fosun said he was cooperating in investigations on a personal matter.
Boa’s disappearance comes with over two years of extensive control being eliminated on technology companies.
Bao, who is also China Renaissance’s controlling shareholder, established the company in 2005 as a two-person collaboration, intending to provide capital-needy startups with venture capitalist and private equity investors.
Later, the firm began services such as underwriting, sales and trading.
Bao was known to have connections in the cooperate world and was collaborating with tech mergers such as the tie-up of ride-hailing companies Didi and Kuaidi, food delivery companies Meituan and Dianping, and online travel companies Ctrip and Qunar.


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There’s been a tie between Android and iOS for two months straight on the recently funded Millennial Media’s mobile advertising network, and December finally named a winner—Android. For the first time, Google’s mobile OS surpassed Apple’s as the largest smartphone OS on the Millennial network, with an 8% increase month-over-month and 46% impression share. iOS has a 32% share in this market.
Android’s ad requests grew nearly 150% from Q3 to Q4 in 2010, with a massive 3130% growth since January alone. If you break down the revenue generated by mobile apps in Q4 2010, Android took a 55% share, leaving 39% for Apple. Thanks to Android’s 13% increase quarter-over-quarter, Apple can no longer stake the biggest claim on app revenue, even in the advertising realm.
Apple has, however, maintained its lead as the top manufacturer on Millennial’s network, where it’s resided for the last 15 months. Thanks to a solid front from the iPhone and iPod Touch, Apple devices take the top two slots for mobile devices overall.
Apple’s ad requests grew nearly as much as Android’s at 12% (during the same period), with a 14% increase since January. Not surprisingly, the iPad’s growth rate is much higher, having grown 280% from Q3 to Q4 in 2010.
While Apple retains its top positions for mobile manufacturers, HTC is close behind, taking the #3 slot with a 9% month-over-month increase. Millennial notes HTC’s dominance in the Top 30 Mobile Devices Ranking, correlating it to its increased popularity. HTC actually has more than a few devices on this list, including the Nexus One, HTC Evo, HTC Droid Incredible and the Desire.
As far as carriers go, Verizon saw a 2% increase in December. This is likely attributed to the popularity of the Droid devices, and its expansive device selection, offering more than a dozen of the phones listed on the Top 30 list. We can expect Verizon’s influence to grow as far as Millennial’s concerned, now that the iPhone will soon be counted in Verizon’s growing family of mobile phones.
Android’s rising influence in multiple sectors of Millennial Media’s network reflects its Market growth, which has seen a significant rise in available applications. Android apps represented 55% of the Application Platform Mix in Q4 2010.
Gaming apps are still in the lead in Millennial’s network, with Travel and Vacation app impressions doubling quarter-over-quarter. Millennial notes quite an evolution in this app category, with related apps launching features in time for holiday travel, including mobile boarding passes, travel updates, reservations and check-ins.
Music and Entertainment apps maintained the #3 position quarter-over quarter, with 22% of the impression share. We’re likely to see a number of developments in this category, though, as television apps are the fastest growing sub-category with 259% growth in impression share quarter-over-quarter.
We’ve seen a number of instances in which online television has made significant gains these past few months, and the increased activity on mobile device reiterates this trend. What’s interesting to note here is the wave of online activity being offered and replicated in the mobile realm, being incorporated into applications as well as mobile browsing, overall enhancing the devices’ capabilities for prime consumer use.


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Hip Interactive announced today they've been working on the latest chapter in the CT Special Forces series. The new title, dubbed CT Special forces: Fire on Effect, will throw you back into action against nefarious terrorist folk. Only this time, the game promises an extra dash of reality.
"We want to offer gamers a genuinely varied experience, as they had in previous CT Special Forces titles, through making it a high-end title with a realistic feel. The importance of physics and the amazing new gadgets available to the player are our core focus in this development," said Graeme Boxall, Development Director.
The new CT outing will feature "unique" missions against various terrorist networks. A new engine will power the game; including a new physics system that promises lifelike death and destruction. While gameplay will differ from previous games in the series, CT Special Forces will stick to its roots. Expect lots of frenetic action whilst annihilating terrorist scum.
Hip Games will be showing off CT Special Forces at E3, so expect more details in coming weeks. Expect the game to hit store shelves sometime in 2005.


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Threads outpaces X in downloads
Meta’s fledgling Twitter competitor Threads is starting to gain on X, at least in terms of downloads.
According to a recent analysis from the app intelligence firm Apptopia, Threads is outpacing X in downloads from app stores. According to the data, Threads downloads have nearly doubled, from around 350,000 in early November, to just over 620,000 by the end of the month.
This surge marks a significant change in download trends for Meta’s Threads. Since launching in September, Threads executives have boasted that the app garnered over 1 million downloads in its first few weeks. However, downloads significantly dropped off after that first month, with the average downloads hovering between 300,0 …


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Ford Motor Co. said its vehicle sales in China totaled 519,390 units in 2011, an increase of 7%, as growth of commercial vehicle sales outpaced that of passenger vehicles. Sales in China by Ford and its joint ventures rose 10% in December to 49,238 vehicles, the company said in a statement.
Ford said its Changan Ford Mazda Automobile Co. passenger-vehicle venture sold 320,658 Ford-branded vehicles in 2011, up 5%. The venture sold 30,788 Ford vehicles in December, up 4% from a year earlier.
Jiangling Motors Co, Ford Motor commercial vehicle JV in China, saw its sales volume go up to 194,600 units in 2011, up by 9% compared with 2010.
Mr David Schoch, Chairman and CEO of Ford Motor China, said that the company plans to introduce 15 new models to the Chinese market by 2015 to further expand its presence in the world largest auto market.


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This week, state Sen. Dick Harpootlian filed a lawsuit against the S.C. Department of Commerce to force the disclosure of Commerce records on two corporate incentives deals, one of which included a nearly $36 million state grant for the Giti Tire plant in Chester County, written about by The Nerve here and here.
This is just the latest example of Commerce’s habitual refusal to exercise even the most basic levels of transparency, notwithstanding the state’s open-records laws, as The Nerve has extensively documented over the years. In 2011, Commerce refused to provide any details on how $270 million in taxpayer-backed bonds for the Boeing assembly plant was actually spent. In 2013, it took four open-records requests over 18 months to obtain documents for the BMW incentives agreement – and even then Commerce refused to detail the number of jobs created and tax credits claimed. Commerce refuses to this day to disclose the original cost-benefit estimates for the 2015 Volvo project and 2017 expansion. In 2018, Commerce refused to disclose even the “general summary of state and local incentives” provided to any S.C. counties that wanted to compete for the Amazon headquarters project.
After initially refusing to provide details on the 2013 incentives deal for the Element Electronics plant in Fairfield County, Commerce finally provided heavily redacted records – blacking out information such as a basic cost breakdown and names of company officials. Element, incidentally, announced in 2018 that it was closing its plant, though it later reversed that decision. And, not surprisingly, during legislative deliberations on the proposed Carolina Panthers incentives deal earlier this year, Commerce would only release a two-page “analysis” rife with unsubstantiated figures and assumptions.
The General Assembly has aided and abetted this long lack of transparency. The story featured below details how in 2014, the Commerce director asked House budget writers for “as much as [they] can spare” for Commerce’s secret deal-closing fund. The House Ways and Means Committee appropriated $37 million – despite having no details on how the money would be spent. Nearly all of that amount was later awarded for the Giti Tire plant.
S.C. Commerce Secretary Bobby Hitt had his hand out at a recent House Ways and Means subcommittee meeting, recalled Rep. Gary Simrill, the subcommittee chairman.
“He asked me, ‘I need as much as you can spare,’” said Simrill, R-York, when contacted Saturday by The Nerve.
In the end, the budget-writing Ways and Means Committee last month decided to “spare” $37.3 million in taxpayer money for Commerce’s “deal closing” fund, though, according to Simrill, Hitt didn’t ask for that amount during the subcommittee meeting.


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iconectiv Trusted Communication Superheroes Speak Out About Protecting Financial Services Firms and Their Customers from Fraudsters
At MWC Las Vegas Panel Discussion, iconectiv’s George Cray Describes How the Industry is Fighting the Rise of Fraud and its Financial Fallout
What: Mobile phone numbers now rival Social Security and driver’s license numbers as the personal identifier that consumers use to register for financial services. That’s why mobile phone numbers are now the data of choice for account takeovers and other identity theft. Fraudsters use social engineering to obtain a consumer’s phone number and port it to their device at a new service provider. That can then give them access to that consumer’s bank accounts, bitcoin, payment services and more by having login passwords sent to the newly ported phone number. By the time the consumer or their financial institution find out, the fraudsters may have taken over access to the accounts.
In the “Fighting the Rise of Financial Crime” panel discussion, iconectiv telecom fraud expert George Cray will explore how Trusted Communications Superheroes at banks and other financial services firms are fighting back — proactively. Armed with an authoritative, continually updated repository of telephone number porting information, Trusted Communications Fraud Fighter superheroes now can instantly check who the current telecom service provider is and determine whether a number has recently been ported or a SIM has changed. If it has, a one-time passcode would not be sent to the phone, and customer service agents can take additional steps to validate the person’s identity.
Who: Industry leaders for this panel session include:
- George Cray, Senior Vice President, iconectiv
- Brian Gorman, FinTech Vertical Lead, GSMA
- Jonathan Morrow, Senior Director, T-Mobile DevEdge
- Blair Cohen, President & Founder, AuthenticID
- Guillaume Bourcy, Vice President, Data and Identity Solutions, TeleSign
When: September 28 at 11:30 AM
Where: MWC Las Vegas 2022
Las Vegas Convention Center, West Hall, W1
To set up a meeting, email firstname.lastname@example.org.


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New research by the World Federation of Advertisers (WFA) has found that global brands have either made major changes or are planning to, to their media governance practices across a wide range of areas.
In the last 12 months, 35 multinational companies with a total annual marketing spend of more than $30 billion globally report wide-ranging actions as they seek to respond to concerns that too many companies have lost control of their media activity.
The study suggests the world’s biggest brand owners are responding to the recent Media Transparency report by WFA member, the USA’s Association of National Advertisers, by taking initiatives designed to take greater control of their media spend and relationships with agency suppliers.
More active management of media issues now involves brand safety, viewability and ad fraud as well as the transparency issues raised by the ANA’s reports from K2 and Ebiquity.
Transparency remained the No 1 priority for 47 percent of those questioned and although 51 percent say this is rising up the priority list, 14 percent feel this it is de-escalating, suggesting that some are seeing progress.
On transparency, 65 percent have improved their internal capabilities via moves such as hiring a head of programmatic. More than 70 percent have amended their media agency contracts and 58 percent have included terms that define agency status as agent or principle at law.
As the No. 2 priority, this issue is moving up the agenda fast, with 70 percent saying it has escalated as an issue in the last 12 months.
74 percent have suspended investment in ad networks where they felt there was an unnecessary risk to their brands and a further 14 percent plan to do so. 89 percent currently limit or plan to limit investment in ad networks that do not allow use of third-party verification.
Many are also taking actions as recommended in WFA’s Ad Fraud compendium. 55 percent are now limiting run of exchange buys; 43 percent are shifting away from using CPM as their key metric in favor of business outcomes; and 40 percent are developing in-house resource to help tackle ad fraud.
63 percent are now only investing in viewable impressions that meet industry standards and 37 percent have devised their own viewability criteria.
“The WFA has long championed the need for clear and transparent relationships between brands and their agency partners. Last year’s ANA report was a catalyst for a new wave of action by brands not just in the US but around the world, addressing many of the media issues that our members have highlighted including brand safety and ad fraud. These actions, coupled with an increasing number of WFA members sharing that they have witnessed improved transparency, are positive signs that we can create an improved media landscape for brands, agency partners and media owners,” says Robert Dreblow, head of marketing services at the WFA, in a press statement.
The survey took place in May 2017 and 73 percent of respondents had global roles, with the balance in regional roles covering Europe, North America and APAC.


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China doesn't need large-size electric cars like those made by Tesla Motors, a former government minister said today. Instead, compact, pedestrian-friendly cities need small electric bicycles. |
"I'm not a fan of Tesla. I'm not a supporter of a government subsidy for large-size electric cars like Tesla," Qiu Baoxing, former-vice minister of Housing and Urban-Rural Development, said at a forum on sm ...
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HOUSTON, Sept. 10, 2020 /PRNewswire/ -- Soliton, Inc., (NASDAQ:SOLY) ("Soliton" or the "Company"), a medical device company with a novel and proprietary aesthetic platform technology, today announced it has entered into a distribution and sales agreement with Aesthetic Solutions, Inc. to distribute its Rapid Acoustic Pulse (RAP) device and advanced design cartridges during the initial U.S. commercial launch, targeted for the first half of 2021.
The team at Aesthetic Solutions, Inc. will strategically focus on and target placement of the RAP device in physician practices that currently treat high volumes of patients for tattoo removal and cellulite reduction, upon FDA clearance. Their team will sell and service the RAP devices until Soliton's direct sales force is fully established for the expected national rollout.
As previously announced under Soliton's COVID-19 Adjusted Commercialization Strategy, the RAP device is planned to incorporate both the tattoo removal indication and the cellulite reduction indication, pending FDA clearance of the cellulite indication.
Join our more than 200K subscribers here to follow the Company:https://soly-investors.com
"We are excited to have set in place a plan for the strategic distribution of our RAP device for our initial commercial launch," commented Christopher Capelli, MD, founder, President and CEO of Soliton. "Aesthetic Solutions has an exceptional reputation in the industry and we believe will generate positive results for Soliton among dermatologists, particularly key opinion leaders with strong relationships with their patients. Our relationship with Aesthetic Solutions represents a key step forward in accomplishing a successful commercial launch and we welcome their team as our sales and distribution partner."
"We are thrilled to partner with Soliton for the sales and distribution of its unique multi-indication aesthetic device," said Tim Howder, President of Aesthetic Solutions, Inc. "With 30 years of experience in aesthetic medical device rentals and distribution, we are excited to apply our unique skill sets in a program of strategic device distribution and service. Our highly trained sales and service staff teams are eager and ready to partner with Soliton to ensure success in the launch of this exciting multi-use device. We are well-equipped to support the company's upcoming launch and we look forward to a successful relationship."
Soliton's RAP technology has not yet been cleared by the FDA for cellulite reduction and is not available for sale in the United States for this indication.


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Mercedes-Benz cars to get a new operating system in 2024, will offer 3D graphics
Mercedes-Benz is gearing up to introduce a new operating system across its models for the 2024 model year, reveals Auto News. The new operating system is dubbed as Mercedes-Benz Operating System or MB.OS. It is claimed to be developed by Unity Technologies, and it will replace the existing MBUX touchscreen infotainment platform that is currently available across the entire range of the German luxury car brand.
With Unity Technology's expertise in real-time 3D platforms, expect the upcoming MB.OS too to come offering the occupants a similar experience. As the report claims, the designers from Mercedes-Benz will use the Unity Industrial Collection, which is a complex 3D product visualization software package. This will be used to develop the user interface and user experience designs across the digital cockpit, including the instrument cluster, infotainment, and passenger displays.
The MB.OS will link all Mercedes-Benz cars to the could platform and with the Internet of Things and comprise four key areas. These are powertrain, autonomous driving, infotainment, and body and comfort systems. Speaking about the new operating system, Mercedes-Benz chief software officer Magnus Östberg said that with Mercedes' own operating system, the company wants to achieve three key things: to shape the user interface according to a luxury brand, to create a bidirectional communication with the customer and to integrate the digital lifestyle of the customer into the vehicle domain.
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The report also claims that the new MB.OS will come complete with audio and video streaming, in addition to immersive gaming and messaging applications. This system will also come offering augmented reality (AR) enhanced experiences and use artificial intelligence (AI) to adjust vehicle settings depending on the habits and preferences of owners. This technology was first previewed in the Mercedes-Benz Vision EQXX Concept. It includes complex and real-time 3D graphics.


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Californian Azizi Tucker has turned to Asia for his first startup. The former NASA and Tesla engineer explains what brought him here, in conversation with 500 Startups’ Khailee Ng.
See more on Tesla:
- Elon Musk before he became a billionaire
- Tencent just grabbed a 5% stake in Tesla
- Ladies and gentlemen, spark your engines
This post Meet the ex-Tesla engineer working on his own electric car startup appeared first on Tech in Asia.


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The new product is the first of its kind to launch in the US, shifting to a modular approach that allows travellers to pick and choose the benefits they need based on their specific travel plans.
The Discovery Travel Insurance launches just as a recent study commissioned by battleface and conducted by Opinium reports that a third of Americans (33 per cent) don’t consider purchasing travel insurance out of fear of spending money on the coverage they don’t need. Furthermore, 21 per cent of responders felt travel insurance policies were not worth the money.
The Discovery product addresses these exact concerns by giving the power to the consumer to choose the benefits that meet their needs and only purchase what is necessary. With the travel landscape in continued flux, the number of Americans who still haven’t purchased travel insurance – 44 per cent for international trips and 54 per cent for domestic trips – are at risk of major financial losses.
Growing with the travel industry
“At battleface, we pride ourselves on designing products that grow with the travel industry while remaining relevant to our clients,” said Lisa Conway, Chief Underwriting Officer at battleface. “A lot has changed over the last 10 years when it comes to travel, but not much has changed with travel insurance options. Companies continue to offer the same ‘one-size-fits-all’ packages that were designed years ago and do not always work for today’s travellers.”
Other research findings show 14 per cent of Americans are not purchasing travel insurance because it is too complicated and 10 per cent are not considering it because it was not tailored to their needs. The Discovery product allows for common add-ons like Cancel For Any Reason, Baggage coverage, Trip Interruption, or Travel Medical coverage, to unique coverage such as Pet Medical, Rental Car Damage, and beyond.
Meanwhile, a report by travel insurance comparison site Squaremouth showed that US travellers are taking additional steps to prepare rather than cancelling travel altogether.


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Microsoft spokesman confirmed that the U.S. software giant is planning to organize an event in San Francisco on April 12, 2010. However, he declined to say on the matter to be discussed.
However, mention of Microsoft's plans to introduce a new mobile phone manufactured by Sharp Corp. of Japan. It is said, Microsoft has designed the software, services, and hardware for the new phone as part of a development project code-named "Pink".
It said the phone will be offered through a partnership with Verizon Wireless, the phone company owned by Verizon Communications and Vodafone. Phone is in the early stages will only be available in the United States, the report said, but soon will be available internationally.
The Wall Street Journal said the phone will be running software that resembles Microsoft's new mobile operating system scheduled for released later this year called Windows Phone 7.


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Avaya has launched a new application that allows Voice over IP (VoIP) services to be offered as part of an enterprise wide service oriented architecture strategy.
The telecoms software vendor has dubbed its technology Communications Enabled Business Processes (CEBP), and the white goods manufacturer Whirlpool has been trialling its application.
The main benefits of VOIP deployment have, so far, been limited to the cost savings from retiring legacy phone systems and the added productivity of a small number of voice/data applications -- almost exclusively for call centres.
CEBP exposes an array of voice communications features as Web services, which can be called upon by any number of applications from IT operations to supply chain management.
One customer, Whirlpool, has been experimenting with a pre-release version of CEBP for more than a year. Brian Murphy, director of e-services in Whirlpool's global development division, has already applied CEBP's array of services to IT processes, shortening response times. "If a system goes down ... that's an issue we want to be able to do something about in minutes, not hours. Straightaway, we want to be in action mode," he said.
Avaya sees CEBP as a way for enterprises to optimise business processes and respond swiftly to events.
For example, a rule could be created so that a temporary interruption at a manufacturing plant might cause an ERP system to ping CEBP, which would send an automated advisory message with a return receipt to the appropriate manager via phone, e-mail, or SMS.
In the event of a serious business continuity issue, the Notify & Conference feature could be invoked, initiating voice calls to a preset list of people and dropping them all into an emergency conference call.
In other instances, CEBP could merely ensure that composite workflow applications, which are often cited as a major payoff of SOA, aren't stopped in their tracks by people who aren't sitting at a computer and can't respond promptly.
Avaya is not the first vendor to provide a Web services platform for voice communications capabilities. Last September, BlueNote Networks introduced its SessionSuite SOA Edition, designed to enable developers to embed telephony capabilities in a range of applications. But Avaya's large customer base and professional services group could help jump start the use of voice-based Web services.
Whirlpool's Murphy, for one, is looking at expanding the use of CEBP in a number of areas, including supply chain management and manufacturing. "We're taking a strategic look at all parts of our business," he said.


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Specialist car seat design company JMDA Design is now offering a solution for companies and retailers to simplify the process of fitting prams and strollers in the boot of a car.
JMDA is already well-known throughout the industry for its unique ‘vehicle compatibility services’ and is now expanding this specialised service into other baby and toddler gear.
Prams and strollers are bulky items and knowing whether they fit into a consumer’s car is never certain when this cannot be the physically tested before purchase. JMDA’s fitting-list will allow companies, retailers and consumers to know exactly which buggy will fit in which car.
“Passenger-car boots or trunks are usually measured in litres, but knowing what ‘usable’ space is actually available and whether a square-shaped boot can fit a rectangular-folded pram or stroller is an important part of making life easier for busy parents,” said Chris Raynor, head of CRS compatibility services at JMDA.
He continued: “A handy guide for the many prams and strollers in passenger cars can only be a good thing for manufacturers, retailers and consumers.”
The fitting-list is expected to be a valuable guide, particularly with the increasing trend for online and ‘distance’ sales, in order to ensure customer satisfaction and to reduce returns.
The EMEA region is currently covered by this new service, which will be expanded into other markets in due course.


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A complex of industrial condo-style units in Vancouver has proven far more successful than imagined – so much so that the first phase is more than half sold out while still in the presale stage.
Construction hasn’t even started on the three-building IntraUrban, located at 8811 Laurel St., a stone’s throw from the busy mass transit hub of Cambie Street and S.W. Marine Drive.
The industrial fringe of the southern part of the city is undergoing revitalization with a slew of residential towers, so it was only a matter of time until the industrial lands got an update, too. With Vancouver real estate prices at an unprecedented high, residential development has been encroaching on several industrial zones, making it an increasingly desirable asset.
Old industrial areas such as Mount Pleasant are transforming from traditional industry to tech. But developer PC Urban has created IntraUrban with light industry in mind. It is a 167,000-square-foot condo-style project for light industrial use, made up of units averaging about 3,300 square feet in size. Small to mid-sized businesses have the rare opportunity of buying into the property, which has windows in the units, and includes some office space. So far, architect and engineering firms, a couple of tech industries, wholesale and construction businesses and bakeries have seized on the opportunity to own their own units within city limits. Investors are showing interest, too, which will mean future rental opportunities.
Commercial real estate agency CBRE Canada handled the land purchase and is now selling the units for the developer. Senior vice-president Chris MacCauley says pent-up demand is driving the success of the project, which is selling for about $300 to $350 a square foot. It’s the first industrial condo – also called strata – development in the city in five years, and the vacancy rate for industrial is about 2 per cent, according to Mr. MacCauley.
The first and third IntraUrban buildings are sold out, and the second building was 65-per-cent sold as of last week. “We haven’t even started construction yet,” Mr. MacCauley said. “This is nine to 12 months ahead of schedule on our planned absorption and phasing of the sales.
“Because we’re seeing owner-users [buying in first], and not the investment community, it shows shortage of this product, and a need for small business to have ownership opportunities and new product available to them.”
Breka Bakery & Cafe was one of IntraUrban’s first buyers in Vancouver, and co-owner Dvir Steen says his company based its decision to buy primarily on location, and also on the attractiveness of the property as a long-term investment. He expects to be operating there in one year, when the project is scheduled to be complete.
Mr. Steen says he paid $2.5-million for two units, including a corner unit, that total about 8,000 square feet, which is four times the size of his current production facility on the east side of Vancouver. His IntraUrban space will include storage and office space, and retail. He currently has three retail shops around the city, and he does most of his production at the larger shop on the east side, which he will keep. That store is a short drive to the new IntraUrban site.
As for his IntraUrban purchase, he says: “It’s not cheap, but it’s pretty much market value.”
Mr. Steen was unable to build his family business without expanding his production size. However, he wanted to keep transportation costs to a minimum. Moving outside the city, away from his retail stores, would mean added time and therefore cost, especially if there was a traffic accident on one of the bridges into the city, which happens often. Vancouver’s famously bad traffic is a major consideration for a business. In order to avoid daily congestion, his delivery trucks make their rounds starting at 4:30 a.m.
“The idea was to stay in Vancouver because our locations are here,” says Mr. Steen. “And we wanted to own. The place we are in right now is an old building, and who knows how long it is going to be there. That’s why we were looking for something to own, not to lease. But it’s hard to find something in Vancouver in that size and that location.
“We noticed that there is a lot of rezoning for residential, so it’s shrinking the market. The land in Vancouver is expensive for industrial.”
Now that he can expand, he can also increase his business with more staff and more retail. He’s planning to open a retail store at the IntraUrban site. Mr. Steen says he also believes it’s a sound business investment, which will further his company’s growth, as well.
“We saw it as an investment as well, of course. It looks like the whole area is going to go up [in value], and it will change face, like all the old industrial going down and the new buildings that are coming up. Originally we thought to get three units, but budget wise, we had to take it easy.”
It’s that increased job growth that underscores the need for industry to stay within city limits, says Mr. MacCauley. However, he sees this as a short-term prospect for small to mid-sized businesses, because land values will continue to rise.
“This is the first industrial revitalization [in the area], and it will lead to more. It will be cost effective for people in the near term, but it’s a matter of time before the pricing gets to be too much for those local manufacturers as well.
“Look at people who got pushed out of Yaletown and went to Mount Pleasant, and now they’re pushed out of Mount Pleasant to South Vancouver. It will be the same migration path outward: Then they will go to Burnaby and Richmond, and then farther out to the [Fraser] Valley.
“If you want to own property for your business, there are no opportunities to do that in Vancouver. That’s why they are being pushed out farther.”
Brent Sawchyn, principal at PC Urban, says that in terms of planning, the condo-style industrial project is also a better fit for workers who might not enjoy the remoteness of traditional industrial parks. Mr. Sawchyn remembers working at an industrial park in Richmond years ago and feeling cut off.
“You couldn’t go anywhere for lunch – there was nothing out there. And if there is, you get tired of going to the same place every day,” he says.
“So for us, what we are looking for, is to continue with the IntraUrban model and find scruffier industrial sites close to the epicentre or the core.”
He plans to continue searching for development opportunities for strata industrial within Vancouver.
“We’re counting on doing more. We think the whole idea can travel. But much like single-family housing, it is getting very expensive. Much like residential land, industrial is a scarce commodity. … What that means is a variation on the theme. As we go forward here in Vancouver, industrial is going to start taking more dense forms.”


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Euromoney warns of slowdown
WEAKNESS in world financial markets and less advertising from global investment banks will see a slowdown in revenue growth in the second half at Euromoney Institutional Investor, the financial and business magazine publisher said.
First-half turnover grew by 20% to £101m in the six months to end-March with operating profits before goodwill amortisation ahead 6% at £14m. Pre-tax profits fell by 6% to £8.1m but diluted earnings rose by 5% to 5.72p a share. Headline earnings rose from 8.14p to 9.16p and the half-year dividend is maintained at 5p a share.
Euromoney said losses from new investments should fall in the second half and that it was encouraged by the robustness of its traditional businesses. It continues to look for acquisitions.
The company is 71%-owned by Daily Mail & General Trust, owner of This Is Money, the London Evening Standard, Daily Mail and Mail on Sunday.
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Even though the events are hosted by two different organizations focused on different aspects of economic development, it is fitting that they occur at the same time. Small businesses are a key contributor to successful economic development. In Oklahoma more than 50% of the private workforce is small businesses and approximately 2 out of 3 people in the Oklahoma City metro are employed by an establishment or business with under 100 employees.
Our city is continually ranked as one of the best places to have a small business. Recently Wallet Hub, Lending Tree and Inc. all named Oklahoma City as one of the best cities to start a small business by looking at factors such as business costs, access to resources and business environment.
Small businesses in central Oklahoma have an outstanding resource in the Oklahoma Small Business Development Center, a joint partnership of the U.S. Small Business Administration, the Oklahoma Department of Commerce and University of Central Oklahoma. This organization provides seminars, resources, and one-to-one assistance. I am proud that through collaborations and partnerships from the Alliance for Economic Development, city planners and city leadership, the OKC Chamber and residents we have created an environment where small business can originate and thrive.
Small business success fuels economic success for our city. In addition to offering more and diverse selections for residents, jobs and additional sales tax revenue, spending locally increases investment in our community. Studies show that every $1 spent with a local business creates an additional $5 to $14 in value within that community. Local businesses often utilize other local businesses such as banks, service providers, and farms, multiplying the local economic impact.
Recognizing both National Economic Development Week and Small Business Week together is a great opportunity for us to acknowledge and celebrate both those who work to invigorate development and those who create jobs, all to transform and elevate Oklahoma City.
Cathy O’Connor is president of the Alliance for Economic Development of Oklahoma City.


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More than 50,000 SUVs may be affected
By Joe Benton
February 26, 2008
• More automotive news ...
Federal safety regulators are upgrading their investigation of consumer complaints of engine fires in the 2007 Chrysler Pacifica SUV. Ssafety regulators at the National Highway Traffic Safety Administration (NHTSA) reported the fires may be related to a faulty power steering seal.
There are 51,590 of the Pacific SUVs with the 4.0 liter engine that might be at risk of erupting into flames under the hood.
The reports of smoke and fire are contained in 3 complaints to NHTSA and 25 complaints to the automaker, according to documents posted on the NHTSA web site.
Chrysler has also received 166 warranty claims related to the fire problem.
“Complaints alleged that a fire erupted under the hood, near the front of the vehicle,” according to the Office of Defects Investigation (ODI) at NHTSA.
Chrsyler, according to NHTSA, “asserts that the alleged defect occurs only in the in the 4.0 liter engine and the consumer will experience a loss of power steering fluid or a noisy power steering pump before seeing any evidence of smoke or fire.”
“Chrysler also states,” according to NHTSA, that a “tube nut on the high pressure power steering line was discovered to be cross threaded during the assembly process and did not allow proper sealing of the o-ring.”
Chrysler assembles the 4.0 liter engine used in the 2007 Pacifica. The 3.8 liter engine also used in the vehicle arrives at the Chrysler plant already assembled and apparently does not present a fire hazard.
Chrysler, according to NHTSA “found it was possible to cross thread the tube nut on the high pressure line” during attachment to the steering gear, “thus creating an improper seal.”
NHTSA reported on its web site that Chryslers has “implemented assembly process changes to eliminate the possibility of cross threading and applied additional quality control measures to detect power steering fluid leaks.”
Chrysler told federal safety regulators that the changes have minimized the cross threading problem but ODI reports that “ a review of the warranty claims indicates that the alleged defect has not declined.”
ODI is began a engineering analysis February 21 of the fire hazard. The investigation could eventually lead to a recall of the 2007 Chrysler Pacifica.
LINK:Feds Probe Fire Hazard in Chrysler Pacifica


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HONG KONG--Hong Kong's composite consumer price index in November rose 5.1% from a year earlier, easing from the previous month partly due to a smaller increase in fresh fruit prices, the Census and Statistics Department said Tuesday.
November's CPI increase was slightly under than October's 5.2% rise, but was above the median 4.3% rise forecast by a Wall Street Journal poll of three economists.
Looking forward, the upside risks to inflation should remain contained in the near term, as softer international commodity prices will help keep global inflation benign and local cost pressures should also stay moderate, a government spokesman said in the statement.
The Hong Kong government said in its most recent forecast last month that it expects headline CPI to rise by 4.3% in 2014, steady from last year.
Write to Chester Yung at email@example.com


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The Chicago Marriott Lincolnshire Resort in Lincolnshire, IL, has completed a $25 million renovation encompassing "nearly every aspect of the resort," the 42-year-old property announced last week.
Located approximately 30 miles north of Chicago, on the city's North Shore, the resort originally opened in 1975 and occupies 175 acres. It has 389 guest rooms and suites -- each of which has received a top-to-bottom makeover -- and 40,000 square feet of meeting and event space, including the new Lakeside Pavilion, a 5,000-square-foot venue with space for up to 400 seated guests, as well as a 2,500-square-foot adjoining outdoor patio.
Along with updated guest rooms and new event space, the renovation included the introduction of two new restaurants, including a signature restaurant specializing in locally sourced Midwest cuisine and a casual eatery serving local craft beer and bistro-style food; the opening of a new men's and women's day spa; a new Marriott Greatroom lobby and new Marriott M Club Lounge; a new full-service onsite Starbucks; and, finally, a new contemporary porte cochére entrance.
"Guests' needs have changed, and we've updated the resort to meet them with unprecedented comfort and flexibility," said General Manager Eric Bates. "We've married the sophistication of the Marriott brand with local, personalized touches. Everything has been transformed, from convenient tech upgrades, to the guest rooms and Great Room lobby, from adding two destination-worthy restaurants, and a luxurious day spa. We're very proud of the strides we've taken to accommodate today's modern travelers and resort guests."
Award-winning design firm The Gettys Group oversaw the project's design.
"We're honored to have led the renovation design of one of Chicagoland's most beloved properties," said Roger Hill, chairman and CEO of The Gettys Group. "We've integrated exciting, modern touches into the resort's updated design, including a luxurious spa, an elegant porte cochère to welcome guests, and upgraded guest rooms to ensure an elevated experience for all travelers."
Up your meetings-industry IQ. Check out the latest edition of 30 Seconds to Smart!


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HOLY BUCKETS, Y’ALL. Starting tonight at midnight, 1,000 lucky fans will have the opportunity to purchase MUTEMATH‘s splendiferous self-titled debut album on vinyl.
The band, known for its amazing stop-motion music videos, high energy, and duct tape-wearing drummer, are commemorating the critically acclaimed record’s tenth anniversary. The album is well known for launching the band’s debut single, “Typical” and its Grammy-nominated video that put them in the spotlight in 2007.
Buyers will have the option to purchase the album individually or as a bundle that includes a limited edition t-shirt and a previously unreleased digital concert movie, Live at the El Rey. The band is currently in the studio working on their upcoming fifth LP. Stay tuned….
Visit https://mutemath.merchdirect.com for more information.


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That means that West Virginia online casinos are joining those in Michigan online casinos, New Jersey online casinos, and Pennsylvania online casinos in offering real-time table games with human dealers for its online casino players. A Connecticut live dealer studio launch is pending regulator approval.
Meanwhile, Chicago-headquartered BetRivers and Boston-based DraftKings each say that their live dealer products are different from those of other online gambling operators.
BetRivers, a Rush Street Interactive (RSI) brand, says its distinguishing characteristic is being first-to-market. The online casino operator launched its live dealer product on June 10.
DraftKings says its primary live dealer brand differentiation is its multiplayer, interactive game DraftKings Rocket.
BetMGM launched the state’s first branded live dealer table on June 29. The blackjack table’s felt bears the brand’s name and only BetMGM Casino‘s customers can “sit” and play there.
Additionally, the West Virginia online casino market leader (39% of gross gaming revenue) is offering other live dealer games through its partnership with Evolution:
- Auto Roulette
- Lightning Roulette
- Infinite Blackjack
- Speed Baccarat
- Ultimate Texas Hold’em
- Three Card Poker
About Live Dealer Games
As Bonus.com points out, perhaps the main difference between retail casino dealers and online casino live dealers is the croupiers can’t see the gamblers. Players also can’t see each other.
This may sound obvious, but it may concern some online gamblers.
Meanwhile, online casino players can use live chat options to “talk” to the dealer.
Online gamblers in the three big online casino states are already familiar with the products. They’ve been live on New Jersey and Pennsylvania casino sites for a couple of years. Michigan just launched live dealer games on July 22, 2021.
When US online casino states begin offering live dealer games, they start with all operators using the same group of dealers provided by the approved vendor. In West Virginia so far, Malta-based Evolution is operating the only live dealer studio.
Most US online gambling operators contract with Evolution for their live dealer games. Some use Isle of Man-headquartered Playtech for that service.
As time passes, states may allow Evolution to offer branded live dealer studios. Jersey City, NJ-based BetMGM has branded studios in Michigan, New Jersey, and Pennsylvania.
BetRivers and DraftKings also have branded options in states outside of West Virginia.
Cross-Border Live Dealer Streaming
West Virginia’s live dealer launch is unique in one way.
Other states require the live dealer studios to be located in the state where online casino gamblers will be playing. However, West Virginian online casinos are currently using a live dealer feed originating from Evolution’s studio in Pennsylvania.
Connecticut’s rules for online casinos allowed them a window of opportunity to do the same. However, that grace period expired before either of the two operators in the state took advantage of it.
One interesting implication here is that it looks like the Pennsylvania Gaming Control Board is getting comfortable with the idea that the Wire Act battle is truly over.
According to the Department of Justice’s interpretation of that law, such interstate streaming would be illegal. The First Circuit Court of Appeals disagreed.
If the PGCB is indeed coming around on the issue, then that’s a good sign for online poker. The ability for states to enter multi-state poker agreements was one of the major things at risk under the DOJ’s opinion.
DraftKings Casino Live Dealer
The first games DraftKings mentions in its announcement today about its West Virginia live dealer product launch are fan favorites: roulette, baccarat, and infinite blackjack.
DraftKings quickly pivots to talking about one of its most popular games:
Built entirely in-house, DraftKings Rocket is a game of instinct that delivers real-money potential payouts within a shared multiplayer and interactive interface, which is unlike any other game on DraftKings Casino to date and another exciting game that can only be found exclusively on DraftKings.
The DraftKings Casino game first launched in New Jersey in September 2021.
As Bonus.com‘s Alex Weldon reported at Online Poker Report, which he was managing at the time:
Rocket … is the first non-slots product developed by DraftKings that isn’t directly inspired by a traditional casino game. … It is a clone of a game that’s become popular at certain unregulated online casinos.
How DraftKings Rocket Works
Weldon summarized why Rocket would appeal to online casino players who tend to gravitate to traditional games.
It’s simple, he said. Multiple players bet on the same game.
Players choose their wager as they would any other game, then wait for the next round to begin. They watch as a rocket takes off and begins to sail upwards, with an ever-increasing multiplier. A player can choose to bail out at any time, receiving the amount of their wager times the multiplier. However, the rocket can explode at any moment, with any players still aboard losing their bets.
If the rocket reaches a 1000x multiplier, the game ends and any players still aboard will receive that maximum payout. The maximum bet is $1000, so in principle players have the opportunity to win up to $1 million.
Players needn’t worry about not being fast enough to cash out at the time of their choosing. The game provides the option to set one’s own maximum multiplier, and to cash out automatically at that point. Those using this option can still manually cash out earlier. They can also set the game to auto-bet on multiple consecutive launches, to avoid the risk of missing one.
Players also see the point at which other users bailed out, adding a sense of camaraderie and friendly competition. The rocket continues to fly until it crashes, even once all players have bailed, so everyone can see what they could have won if they’d stayed aboard.
BetRivers Added Live Dealer, Sportsbook
RSI partners with Mountaineer Casino, Racetrack and Resort for online casino and sports betting. BetRivers Casino launched in April 2021.
As for the live dealer games, RSI says these are the ones available on the BetRivers Android app:
- Low- and high-stakes Blackjack games (including side bets such as 21 +3)
- Lightning Roulette
- Ultimate Texas Hold’em
- Three Card Poker
RSI CEO Richard Schwartz said on June 10:
Many players prefer live dealer options because they watch it happen live, which gives them a higher level of trust in the outcome.
Bonus.com took a look at which live dealer games may become the most popular ones for BetRivers and DraftKings in West Virginia.
BetRivers Casino in Pennsylvania lists live blackjack first, then roulette. DraftKings lists its branded live dealer studio first, then its branded studio baccarat games.
West Virginians will have to wait on regulator approval before branded live dealer games can launch there.


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Colombia's female cycling team have just revealed their controversial new kit this week - but their male counterparts have had their own shocking outfit too.
Featuring a flesh-coloured strip around the pelvic area, the Colombian women's kit gives the impression that those wearing it could be naked.
But it seems the South American country has form for near-the-knuckle kit - as this men's cycling team's outfit from 2010 shows.
The female kit has caused controversy in the cycling world, with former British Olympic cycling champion Nicole Cooke saying: "This has turned the sport into a joke. Girls stand up for yourselves - say no."
And former President of British Cycling and current President of the Union Cycliste Internationale, Brian Cookson, has branded the outfit "unacceptable."
He tweeted: "To the many who have raised the issue of a certain women's team kit, we are on the case. It is unacceptable by any standard of decency."


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Indonesia has officially announced a second stimulus package and has vowed to set aside a chunk of its state budget to support the country’s economy against the backdrop of the COVID-19 outbreak, providing some relief to a battered stock market and rupiah.
The government announced on Friday that it would allocate Rp 120 trillion (US$8.1 billion) from the state budget to stimulate the economy by providing tax incentives and subsidies for workers, businesses and families affected by the pandemic.
It has also deployed a second stimulus package, worth Rp 22.9 trillion, which includes individual and corporate tax breaks, as well as a relaxation of loan disbursements and restructuring requirements.
Manufacturing workers with incomes below Rp 200 million per year would be exempt from paying income taxes for six months. The government has also cut the corporate income tax rate by 30 percent for six months and deferred import tax payments for six months for 19 manufacturing industries. It will also speed up repayments of overpaid taxes without an audit.
“This will not be the last announcement, as the developments have been extremely dynamic,” Finance Minister Sri Mulyani Indrawati told a press briefing in Jakarta. “We will assess the situation to mitigate and minimize the impacts. We cannot eradicate the impacts, but we can minimize them for corporations and the public.”
The new measures add to the first Rp 10.3 trillion stimulus package announced on Feb. 25, which provided mortgage subsidies for low-income families and fiscal incentives for travel-related industries. The government will also speed up the disbursement of social spending in the first quarter and subsidies for the preemployment card program this month.
The announcement on Friday came as governments and central banks around the world announced fiscal stimuli and monetary easing policies, following a historic global financial market rout spurred by fears over the COVID-19 pandemic.
The Jakarta Composite Index (JCI) hit circuit breakers just 15 minutes into Friday’s session as stocks crashed by more than 5 percent. Trading was also suspended on Thursday, 30 minutes before it was scheduled to end
The main gauge started to rebound after the government’s stimulus announcement and closed Friday’s trading 0.24 percent higher at 4,907.57.
The rupiah fell more than 2 percent to a 16-month low on Friday, before slowly getting back on its feet and closing the day with a 1.76-percent depreciation at 14,777 per US dollar.
On the same day, the government also unveiled a non-fiscal stimulus package that includes a reduction in the number of goods prohibited for imports, as well as the acceleration of export and import processing and licensing, especially for reputable traders.
The policy will reduce the number of export restrictions, omitting the requirement to provide a health certificate and V-Legal documents unless mandated by importing countries. Similarly, it will scrap 749 harmonized system (HS) codes, consisting of 443 HS codes for fish and fish products and 306 for forestry products.
The stimulus will reduce and simplify restrictions for producers who import steel, alloy steel and its derivatives, as well as several food commodities to ensure the availability of raw materials.
The government has also vowed to simplify regulations for animal, medicine and food imports.
In addition, local authorities will incentivize “reputable traders” that have a “high level of compliance” by automatically responding to and approving applications for restricted exports and imports, as well as removing surveyor report requirements for mandatory commodities.
The government will also beef up its supervision through the National Logistics Ecosystem (NLE), a platform that integrates information systems between the government and the private sector. Particularly, the NLE plans to integrate information from the government’s export-import licensing website Indonesia National Single Window (INSW) with Indonesia’s port system (Inaport), the Trade Ministry’s online trade system (Inatrade), Customs-Excise Information System and Automation (CEISA), trucking systems, warehouse systems, transportation systems and terminal operator systems, among other systems.
Center of Reform on Economics (Core) director Mohammad Faisal said that while he appreciated the additional efforts, he noted that the government would be unable to depend on its slew of stimulus measures if it did not stimulate weak demand.
Bank Central Asia (BCA) chief economist David Sumual expressed a similar view, saying the government would need to roll out a larger stimulus package as COVID-19 had also affected sectors other than manufacturing.
“The most important thing is to maintain people’s purchasing power and therefore, the stimulus should be broadened to other sectors as well,” he said, urging the government to raise the threshold of non-taxable income, something done during the 2008 financial crisis.
Indonesian Chamber of Commerce and Industry (Kadin) export development vice chairman Handito Joewono demanded a more comprehensive policy involving all parts of the supply chain and covering all sides of businesses.