Publicly listed palm oil producer PT Dharma Satya Nusantara (DSN) expects its capital expenditure (capex) this year to fall short of the target by 27 percent at Rp 800 billion (US$53.6 million) due to COVID-19-induced project delays.The company explained that partial lockdowns had delayed labor and supply inflows to two crude palm oil (CPO) processing factories being built in Kalimantan. DSN currently has 10 such factories in operation.The new factories, work on which began in 2019 and cost roughly Rp 250 billion each, were slated for completion in 2021, DSN president director Andrianto Oetomo said on Thursday. DSN, one of Indonesia’s publicly-listed palm oil producers, saw its first half revenue grow 22 percent year-on-year (yoy) to Rp 3.15 trillion thanks to strong domestic demand for palm oil-based biodiesel.Stocks of DSN, traded at Indonesia Stock Exchange with the code DSNG, jumped 3.46 percent to Rp 478 apiece at 10:58 a.m. Jakarta time as the benchmark, the Jakarta Composite Index (JCI), was up 0.4 percent.Strong domestic palm oil demand and relatively high plantation yields augmented the company’s credit rating, wrote Indonesian credit rating agency Pefindo in a note on July 30 about DSN’s latest bond offering.However, the rating was limited by the producer’s “aggressive capital structure, moderate cash flow protection and exposure to fluctuations in global commodity prices and bad weather.”Indonesia’s palm oil industry saw export volumes contract in this year’s first half as global demand for palm oil, which is used to produce various everyday goods from chocolate to biofuel, shrank amid the unfolding health crisis.Read also: Indonesia’s palm oil sector relies on domestic demand as exports dropAndrianto added that DSN’s year-end revenue target “very much depends on CPO prices,” but the company held onto its target of producing 700,000 tons of CPO this year.Global palm oil prices moved in a V-shape so far this year. Prices dipped as low as 2,000 ringgit per ton on May 6 before rallying to almost 3,000 ringgit on Thursday, according to the global benchmark Bursa Malaysia Derivatives.Apart from higher biodiesel demand in Indonesia, global palm oil prices rallied on the back of weaker Malaysian palm oil output and from weaker continental American soybean production. Soybean is a common substitute for palm oil.“Nonetheless, we expect prices to decline in the next few months as yields and output increase,” wrote credit rating agency Fitch on Monday.Topics : “We were hit hard by COVID-19, particularly between March and July,” he said at the virtual inauguration ceremony for a new biogas plant.Read also: First-half contraction in palm oil output, exports due to ‘domino effect’: GAPKIPart of this year’s capital also went to finishing the Rp 90 billion palm oil-based biogas plant in Muara Wahau, East Kalimantan. The plant, which took two years to build, fuels a 1.2-megawatt power plant and provides biogas for internal use.The company expects the plant to save it Rp 20 billion in annual spending by swapping out diesel with the plant’s biogas to fuel trucks and plantation equipment.
One of the living spaces at 1 Willmott Court, Rochedale SouthInside, there is a spacious living and dining area and a sunken lounge room with high ceilings and double-sided fireplace to keep the home toasty on those winter nights.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The timber kitchen has plenty of bench space, a walk-in pantry, quality appliances and big windows overlooking the greenery outside.The spacious master bedroom has timber floors, big windows and an ensuite.The remaining bedrooms have built-in robes and there is a study. The home at 1 Willmott Court, Rochedale South.THIS contemporary home offers the charm of a bygone era coupled with modern design and the convenience of dual living.Marketing agents Azhar Omar and Lisa Etri of Ray White Rochedale describe the property at 1 Willmott Court, Rochedale South as an elegant masterpiece on a 1296sq m block with heated inground pool.“Commanding and picturesque, this beautiful property is framed by gorgeous verandas, charming balustrading and a delightful facade that welcomes you inside to discover all this home has to offer,” Mr Omar said.The property has an impressive entrance with covered front gate, timber staircase, front veranda and double front doors with leadlight glass. The dining room at 1 Willmott Court, Rochedale SouthDownstairs there is a self-contained granny flat with large bedroom, kitchenette, bathroom and sauna.Outside there is a heated resort- style swimming pool surrounded by Himalayan sandstone tiles.The lawns and established gardens are well maintained.There is also a separate laundry and a workshop area that could be used as a man cave.The property has USB ports throughout, 21 solar panels, two 5000-litre water tanks, solar hot water, Vacumaid and an alarm system.The home is on the market for offers over $1.1 million.
Leni Boeren, a member of the Robeco management board, said she was delighted the firm had been chosen as investment manager for the venture.“This is a milestone in our successful cooperation with Orix and is further evidence of our growing commitment to creating attractive new investment opportunities in Asia for our institutional investor partners around the world,” she said.Freedland added: “The substantial resources the founding partners are committing to ACP will help position it as the preeminent investor in this asset class in Asia from day one, and represents a clear signal of the depth of our collective belief in the investment strategy and its return potential.”Yuichi Nishigori, corporate senior vice-president at Orix, meanwhile identified Asia’s need to secure “rapid and sustainable economic growth”, as well as quality of life concerns as one of the many reasons the funding would be welcomed.Alongside renewable energy and resource efficiency, the venture will also invest in water, agriculture and forestry companies.ADB is among a number of development banks to target the low-carbon economy in recent months, with the venture coming shortly after Germany’s Kreditanstalt für Wiederaufbau issued €1bn in green bonds and the UK Green Investment Bank announced the launch of a wind farm fund. Robeco Asset Management has joined with parent company Orix and the Asian Development Bank (ADB) to launch a $400m (€298m) low-carbon venture.Asia Climate Partners (ACP) will be based in Hong Kong and act as a private equity investor in a raft of low-carbon initiatives, including renewable energy and resource efficiency companies.In a statement, the three founding investors said the initiative would target risk-adjusted returns as well as a positive environmental and societal impact.Todd Freeland, director general of ADB’s private sector operations department said, ACP was an “innovative platform” to channel funds into climate-related transactions.
Russia’s President Vladimir Putin has vowed vengeance after Moscow confirmed that a bomb attack brought down a passenger jet over Egypt last month, killing all 224 people on board.In response to the attack, Putin pledged to step up air strikes in Syria where Moscow is conducting a bombing campaign it says is targeting ISIL and other terrorist groups.The Russian Security Service (FSB) reportedly said on Tuesday that traces of explosives were found among the debris, after weeks of speculation about what had caused the crash that killed 224 people.A group linked to ISIL had earlier claimed responsibility for downing the plane but Russia had said it was waiting for the official results of an investigation into the tragedy.
Batesville, In. — Batesville VFW Post 3183 will hold a fried chicken dinner Saturday, April 13 from 4:30 to 7:30 p.m. Adults are $10, kids 10-years-old and under are $5.The public is welcome.
BEN CLASSON/Herald photoThe low drone of the Zamboni resurfacing the ice was the only thing that could be heard in the otherwise deserted Kohl Center. Long gone were the members of the Wisconsin men’s hockey team, who after a hard practice changed and went on with their Wednesday routine. But high above the ice, on the JumboTron, the team’s new perspective on the season remained: Badgers 4, Pioneers 0.While the scoreboard may be wishful thinking on the part of UW as it prepares for the actual game Saturday, it is a reminder that the Badgers plan on taking advantage of the second chance — an at-large bid to the NCAA Tournament — they were given. The fact that they earned it against Denver is somewhat ironic.“We should have a group of guys that are really hungry and anxious to redeem themselves,” senior captain Davis Drewiske said. “There are a lot of people who think we don’t deserve to be here, so we have a lot to prove.”A three-game losing streak that first eliminated the chance of home ice for Wisconsin in the WCHA Tournament and then knocked them out of the same tournament, coupled with a sub-.500 record (15-16-7) indicate that the team didn’t exactly storm into this weekend’s Midwest regional at the Kohl Center.“That doesn’t matter now,” Drewiske said. “We’re in.”By contrast, Denver (26-13-1) has won four straight games and took home the WCHA Tournament Championship trophy in the process.Again, UW coach Mike Eaves said, how the team got to the regional and the success Denver has had against Wisconsin at the Kohl Center (11-1-2) don’t really matter. It’s a new season.“Everybody is 0-0,” Eaves said during a press conference Monday. “There are no wins and no losses, and it’s purely a 1-0 mentality now.”Assistant captain Ben Street said taking one game at a time has been a challenge for Wisconsin, which has fallen into “Friday night funks” on several occasions this season.“You can’t look past any games,” Street said. “Sometimes we weren’t very good Friday and we came back Saturday. If we do that (this weekend), there is no more Saturday anymore, in this case, Sunday.”What’s more, UW will be playing just its fifth game in 35 days Saturday, and based on its last performance following a week off — the first game of the WCHA Tournament versus St. Cloud State two weeks ago — there could be some rust in the axles. Knowing what’s at stake, Eaves put his team on the ice more often and longer this week. But even practicing hard isn’t the same as playing in a game.“This is the time of year where you just want to play, you don’t really want to practice,” Drewiske said.Beyond getting the rust out of their games, the Badgers devoted large portions of practice to special teams. Much of Wisconsin’s success this season derives from the power play, while Denver has been extremely reliant on its penalty kill, which ranks fourth nationally. And in this single-elimination tournament, the man-advantage could be the difference.“Their penalty kill and our power play is going to be a huge part of the game,” Drewiske said.Defensively, Drewiske said, Denver is tough. Goaltender Peter Mannino came on of late and has allowed a trim 2.19 goals per 60 minutes.“They’ve tightened up the ship a little bit and they’re going to be a hard team to play against,” Drewiske said.Part of the reason why Wisconsin was put in such a difficult situation — having to hold out hope that the pieces would fall into place and it would earn a trip to the NCAA Tournament for the first time since winning the championship in 2006 — was a controversial loss in early January against Denver.Had forward Matt Ford’s game-tying goal before the final horn sounded counted, the Badgers might have been a shoe-in for the postseason. Wisconsin got a bit of revenge the following night against Denver, winning 7-2, but a win this weekend would be even sweeter.Playing before the Kohl Center crowd for the first time since mid-February will also be a nice change of pace for Wisconsin.“It’s nice that we don’t have to travel, we get to sleep in our own beds and just focus on hockey,” freshman Ryan McDonagh said.If Wisconsin wins Saturday, it would move on to play either Princeton or North Dakota in the Regional Final Sunday.“We’re playing hockey this late in the season; we’re just happy to have that chance,” Street said.
Facebook Twitter Google+ Team: Oral RobertsNickname: Golden EaglesRecord: 18-12 (13-5)Conference: SouthlandPlayer to watch: Kevi LuperSynopsis: ORU heads to the NCAA tournament after winning the Southland Conference tournament. Oral Roberts really struggled in nonconference play, at one point losing 8-of-10, including a 38-point loss to Baylor, but ends the season having won eight of its last nine.The Golden Eagles split the Southland regular-season title with Sam Houston State before beating the Bearkats in the conference championship game. Luper scored 26 points in that game and leads the team with 19 points per game.What Hillsman said: “They’re a very good basketball team. When you’re in the tournament, there are no bad teams, so you’re not going to get a walkover — it’s just not going to happen. So you just have to prepare yourself to play good basketball for two days at a time and move on.” Comments Team: TennesseeNickname: Lady VolunteersRecord: 24-7 (14-2)Conference: SoutheasternPlayer to watch: Meighan SimmonsSynopsis: UT has long been one of the premier programs in women’s basketball. The Lady Vols won eight national championships under Pat Summit, but the legendary head coach retired in the offseason for medical reasons, handing the program to Holly Warlick.The new head coach hasn’t missed a beat. Tennessee won yet another Southeastern Conference regular-season championship, going 14-2 in the league before falling to Texas A&M in the conference semifinals.Simmons leads the way for the Lady Volunteers, averaging 17.5 points per game while also thriving as a perimeter defender and leading the team in steals.What Hillsman said: “Seeing Tennessee a lot on TV, they’re a very explosive team. So is Oral Roberts. … Our region, just in general, is a tough region, so there’s going to be some tough games in there.” Published on March 19, 2013 at 12:29 am Contact David: firstname.lastname@example.org | @DBWilson2 Syracuse is returning to the NCAA tournament for the first time since 2008 after earning the No. 7 seed in the Oklahoma City region in this year’s draw. After falling to Connecticut in the Big East tournament semifinals, the Orange will face No. 10-seed Creighton in the first round in Knoxville, Tenn.Should SU advance, it will likely face No. 2-seed Tennessee, assuming the Volunteers stave off an upset attempt from No. 15-seed Oral Roberts. A pair of wins would send Syracuse to Oklahoma City and the first Sweet 16 in program history.Here’s a small breakdown of the teams the Orange could face in the opening weekend of the NCAA tournament:Team: CreightonNickname: BluejaysAdvertisementThis is placeholder textRecord: 24-7 (15-3)Conference: Missouri ValleyPlayer to watch: Marissa JanningSynopsis: The Jays live and die from the 3-point line. Creighton knocks down more than nine 3s per game and ranks 12th in the nation in 3-point percentage. Its marquee win this year came against then-No. 25 Nebraska back in December.Janning is one of two players on the team that shoot better than 40 percent from beyond the arc. She started just nine games this season, but is one of the top sixth men in the nation. She led the team in scoring, and her 71 made 3-pointers paced the team.Syracuse head coach Quentin Hillsman likened the Bluejays to Villanova, a team the Orange struggled with this season. SU fell to the Wildcats twice in the regular season before besting them in the Big East tournament. Both teams are reliant on 3-point shooting, and Syracuse’s experience going up against a team like VU should prepare it for the Jays.What Hillsman said: “Creighton’s a very good 3-point shooting team, they’re No. 2 in the country in makes and they make nine 3s a game, and it’s one of those teams that you know they take a lot of them and you make a lot. So we just got to be able to guard them. It’s going to be one of those games that we just got to get up and down the floor, play our game and guard the 3-point line.”
A week ago, the No. 1 USC men’s water polo team moved to the top of the polls after edging California and UCLA to win the prestigious NorCal Tournament.Veteran experience · Junior two-meter Matt Burton’s leadership has helped a young Trojan squad jump out to an undeafeated start. – Katelynn Whitaker | Daily Trojan On Friday and Saturday, the Trojans (11-0, 1-0) proved that they were more than deserving of their top ranking, thrashing No. 9 Pepperdine 13-4 in the team’s Mountain Pacific Sports Federation opener following earlier wins over Fresno Pacific and No. 16 Cal Baptist in the Lancer Invitational in Riverside, Calif.“I really didn’t know what to expect when we started the year because we’re so darn young, but we have really good leadership,” USC coach Jovan Vavic said. “Joel [Dennerley], Peter [Kruzeka] and [Matt] Burton have done everything I asked them to do and the team has responded.”But to say the Trojans have simply responded to the coaching staff and junior leadership could be a bit of an understatement.So far, despite its inexperience, Vavic’s bunch has notched 11 consecutive wins — including resounding victories against several top-five programs — en route to earning its No. 1 ranking. In short, the Trojans have surpassed all expectations, and Saturday’s showcase with Pepperdine once again proved the group’s maturation.After building up a 5-0 first quarter lead against the host Waves, the Trojans continued their offensive onslaught, powering their way to an 8-1 halftime lead.“It all started with good defense,” Vavic said. “Our guys shifted and helped each other. We forced them into taking poor shots.”Unlike the weeks prior, they didn’t take their foot off the pedal and allow the opposition to get back into the game.Instead, USC ballooned its lead to a 10-goal margin with four minutes remaining in the contest, before relinquishing just one last goal in the final moments. In short, Pepperdine was never afforded the opportunity to even make the game competitive.“It’s been a problem for the entire season,” Vavic said. “We would have a couple good quarters, then one bad quarter. But today, the captains talked about that at the beginning of the fourth quarter. They said, ‘No more. Let’s just focus and get the job done.’”There was no shortage of scoring during the game. Redshirt sophomore driver Michael Rosenthal and freshman driver Nikola Vavic each recorded hat tricks, and freshman two-meter Jeremy Davie and sophomore driver Tobias Preuss also had multiple-goal performances.Remarkably, it was the seventh multiple-goal outing for Vavic, the son of coach Jovan Vavic.“It’s really no different than coaching any other player,” the elder Vavic said. “He’s really a spark player and he knows the game well. It’s fun to coach him because he’s really quick in understanding what we want him to do.”Friday’s contests with Fresno Pacific and Cal Baptist provided even more offensive fireworks, as the Trojans finished with a total of 32 goals in two games, serving as preparation for their road date with Pepperdine. Fourteen players also knotted at least one goal during the two-game tournament.“We were able to do some stuff in those couple of games that otherwise we couldn’t do,” Vavic said. “We tried a couple of things and it prepared us really well.”
A hushed silence fell over a sellout crowd of 93,607 at the Los Angeles Memorial Coliseum on Saturday.Last chance · Stanford recovers a fumble from junior tailback Curtis McNeal on the final play of Saturday night’s game. The Trojans had the ball at the Cardinal 4-yard line and trailed by eight points. – Carlo Acenas | Daily TrojanFor four quarters and almost three overtimes, No. 20 USC fought, scratched and clawed with No. 4 Stanford in a back-and-forth affair. In the third overtime, junior tailback Curtis McNeal took a handoff, on the verge of bringing USC (6-2, 3-2) within a two-point score of Stanford (8-0, 4-0). But the ball popped loose and slipped from his grasp. With it, the Trojans’ chances of upending the Cardinal slipped away, too, as Stanford escaped with a 56-48 victory.“Both teams played extremely hard and played great football,” USC coach Lane Kiffin said. “It’s unfortunate that we were on the wrong end of it.”Though Stanford managed to put up 56 points, the offensive outburst was not indicative of USC’s defensive play. Sophomore cornerback Nickell Robey picked off Stanford quarterback Andrew Luck and returned the interception for a touchdown late in the fourth quarter and the Trojans sacked Luck twice for a loss of 20 yards. Entering the game, Stanford’s offensive line had only allowed two sacks through seven games.“I thought the defensive line did some good things, especially early on,” Kiffin said. “They really got after [Luck] versus a very good offensive line.”And it was the defense that kept USC within striking distance of Stanford in the first half, limiting the Cardinal to just 10 points and 168 total yards for an offense that came in averaging just less than 49 points and more than 500 yards per contest. USC, however, was only able to manage two field goals in the first two quarters despite not much opposition from the Cardinal defense.Because of the offense’s struggles in the first two quarters, the Trojans trailed 10-6 at halftime. But in the second half, the USC offense came alive. Junior quarterback Matt Barkley connected with sophomore wide receiver Robert Woods twice before the running game took over. On the third play of the drive, McNeal sprinted for a 61-yard touchdown run, giving USC a 13-10 lead. It was the first time Stanford had trailed all season.A Stanford three-and-out gave way to USC’s offense, and it was McNeal who again gave the Trojans a lift. The Los Angeles native scampered 25 yards to the end zone for his second touchdown of the quarter, extending USC’s lead to 20-10. In the third quarter alone, McNeal finished with 11 rushes for 123 yards and two touchdowns. For the game, McNeal registered 20 carries for 139 yards and two scores.“He played great for us all night long and came up with some huge plays,” Kiffin said. “He was banged up and it was great to see him play so well.”Despite McNeal’s third quarter performance, Stanford hung around in part because of Luck’s play. The senior signal caller orchestrated drives of 75 yards and 86 yards to end the third quarter to give the Cardinal the 24-20 lead heading into the fourth. In the final quarter and three overtimes, Luck completed 12 of 17 passes for 94 yards and one touchdown to help Stanford avoid its first loss of the season.“Luck is a great player, a great quarterback,” Robey said. “He played one of his best games. He came at us with all he could. Our defense did our job and did everything coach asked us to do. The chips just didn’t fall the way we wanted them to.”Luck finished with 29-of-40 for 330 yards, three touchdowns and one interception. Stanford’s vaunted running game, which had entered the contest averaging 5.1 yards per carry was limited to just 3.9 yards per carry. Running back Stepfan Taylor, who scored the game-winning touchdown, finished with 23 carries for 99 yards and two touchdowns.On the other side, Barkley completed 28 of 45 passes for 284 yards, three touchdowns and one interception. Woods notched nine receptions for 89 yards and a score, while freshman wide receiver Marqise Lee finished with seven receptions for 94 yards and a touchdown, his fifth in six games. Freshman tight end Randall Telfer also notched five receptions for 45 yards and in the second overtime, broke a couple tackles and lunged past the goal line for his second score of the year.Though the team took a top-five opponent down to the wire Saturday, the Trojans must regroup quickly as the face Colorado in Boulder, Colo., on Friday on a shorter week’s worth of practice.“It hurts right now because we were so close,” Barkley said. “It was almost like it slipped away. Call it a moral victory or whatever you want to call it. It’s good that we took them to the wire, but it’s not good enough for us.”