Publicly listed mineral miner PT Bumi Resources Mineral (BRMS) plans to issue US$52 million worth of new shares in a private placement this year to finish paying off a three-year-old debt penalty.The indebted miner is slated to sell all the shares to Singapore-based management consulting firm Wexler Capital Pte, to which BRMS owes the money. The miner plans to request shareholder approval over the debt-for-equity swap during a meeting on June 24.Read also: Omnibus bill to centralize permit processing, offer incentives for miners“After completing this transaction, BRMS’s minority shareholder ownership will only be diluted by 2.3 percent,” BRMS director Herwin W. Hidayat said in a statement on Tuesday.The sale is expected to improve the miner’s debt-to-equity ratio and liquidity, he added.Publicly-listed BRMS owes Wexler $154.96 million worth of shares after the consultancy and other creditors won a court case at the South Jakarta District Court in 2017.Read also: Miners call for more government support amid rising problemsThe miner paid off 65 percent of its debt to Wexler in 2017 and was scheduled to pay off the remaining 35 percent in 2018 but delayed payments twice until this year, according to a BRMS investor notice about the swap uploaded on the Indonesian Stock Exchange (IDX) website on May 18.As of December 2019, Wexler holds a 9.79 percent ownership of BRMS. The miner booked a $1.28 million net profit in 2019, turning around a $103.5 million net loss from the previous year.Topics :
Up to 8 guests are welcome to stay in this Broadbeach Waters house. This $899 per night Reedy Creek property is described as a ‘Commonwealth Games luxury home’ on Airbnb.Gold Coast City Council decided last year to slug property owners $8086 to rent out a room or their home. This was introduced under changes to the city plan.As part of the council’s enforcement of regulations governing party houses, most Airbnb hosts would have to apply for development permits to rent out their properties legally. A current Airbnb listing on the Gold Coast. This two-bedroom apartment with a private pool can be rented for $446 per night.A PILOT program is targeting tenants illegally subletting homes as the popularity of short-term rental options such as Airbnb grows.BnbGuard is currently monitoring 3000 properties across 12 websites for unauthorised listings. You can book a mansion on the Gold Coast! This Hinterland haven, featured in a Mission Impossible TV series, can be rented for $1250 per night.Co-founders Richard Frey and Reuben Schwarz started BnbGuard to address the risks of unwanted subletting, such as out-of-control parties, increased wear and tear, uninsured property damage, security worries, pop-up brothels, and squatters.More from news02:37International architect Desmond Brooks selling luxury beach villa19 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Our unique technology and specialist team monitor short-term and long-term rental sites for our clients’ properties,” Mr Frey said. The listing is advertised for $373 per night.There were more than 120,000 Airbnb listings active in Australia as of November 2017 — an increase of 40 per cent from the year before; according to industry estimates, 35 per cent of those were listed by tenants.Surfers Paradise ranks the fourth highest Australian suburb with the greatest number of listings on Airbnb with one in 10 rental properties listed on the website. It comes with the number of Airbnb listings expected to peak in the lead-up to and during the Commonwealth Games.
Share Coolers presented to women in Layou. Photograph by Ashton Shillingford.Several women in the Layou community were presented with coolers and ice sheets last week as part of efforts to reclaim and sustain the Titiri market. The community of Layou is well known as the Titiri Village.The presentation formed part of plans by the Labour Party administration to assist residents of the community following the Layou river disaster and the breach of the Mattieu Dam which had a devastating impact on the livelihood of residents last year.Parliamentary representative for the St. Joseph constituency Hon. Kelvar Darroux spoke of the contribution by government towards the relief efforts for the Layou people.“The Government of Dominica has stepped in, in several ways. We have provided assistance to the farmers who were affected by giving them a stipend of five hundred dollars for those who had to traverse through another route. We provided assistance to the fishermen of Layou. Over twenty-five fishermen received sixty percent of what they lost. The government of Dominica responded in quick time to provide relief to the residents of the Clarke Hall area who were severely affected by the loss of their properties and so forth. The government has spent in excess of two hundred and fifty thousand dollars to replace the center portion of the York Valley Bridge. This was in an effort to allow the famers who had their farms in that area to regain access to their farms. We continue to work tirelessly. We are also in the process of finalizing negotiations with the Caribbean Development Bank (CDB) for a loan in excess of 27 Million dollars to ensure that we can rehabilitate and restore the Layou Valley area to its original state and that would include works on the road, the river walls and of course the people of Layou would benefit tremendously because part of that project will also include an emergency and disaster shelter which will comprise of a resource center and classrooms for training. All this is in effort to get the people of Layou back to a state of normalcy.”President of the Layou Improvement Committee Lazare Charles said the latest gesture by government will bring relief to the women of Layou.“The coolers will provide a sanitary and convenient method for transportation and sale of Titiri. We know that Titiri is a very fragile product and has a short lifespan so with these coolers, the Titiri can know be presented at a higher quality for public consumption. This way it is safe for the use of the public. The ice sheets are appropriate for keeping cooling power and freshness without the mess caused by melted ice…”.Photographs by Ashton Shillingford: [nggallery id = 181]GIS News 30 Views 2 comments Share Tweet Share LocalNews Government comes to the aid of women in Layou by: – May 15, 2012 Sharing is caring!
Premier League side Tottenham are reportedly open to a player swap deal with Tanguy Ndombele trading places with Barcelona’s Philippe Coutinho.Advertisement However, if a direct swap deal is reached, Barcelona do stand to make a loss on their original signing.Barcelona paid €120m to sign Coutinho from Liverpool in 2018, and with Bayern Munich rejecting their €100m purchase option on him, they have lowered his value to €80m, with Ndombele rated at €55m.FacebookTwitterWhatsAppEmail分享 Loading… Read Also: Video: Ramos fires home wonder free kick against Real Mallorca Barcelona have been linked with a summer move for the French international, after the former Lyon midfielder has endured a mixed first season in England.Coutinho has also been heavily rumoured to want a return to the Premier League ahead of the 2020-21 season, and according to reports from the Independent, a deal could be struck to suit both clubs.Barcelona are reportedly operating on a tight budget this summer, with player exchange deals likely to form the majority of their transfer dealings. Promoted ContentThe Best Cars Of All TimeTop 7 Best Car Manufacturers Of All Time5 Of The World’s Most Unique Theme ParksGo Stargazing & Discover The Night Sky At These Cool Locations7 Universities In The World Where Education Costs Too MuchWho’s The Best Car Manufacturer Of All Time?Who Earns More Than Ronaldo?6 Interesting Ways To Make Money With A Drone2020 Tattoo Trends: Here’s What You’ll See This Year10 Risky Jobs Some Women DoA Hurricane Can Be As Powerful As 10 Atomic BombsCouples Who Celebrated Their Union In A Unique, Unforgettable Way
The club announced that the 33-year-old former Exeter captain has quit with immediate effect due to a back injury. Irishman Hayes spent five years with the Aviva Premiership outfit, making more than 130 appearances. Exeter boss Rob Baxter has paid tribute to Chiefs lock Tom Hayes following his retirement from rugby. “Tom has been a big part of our journey out of the Championship and then into the Premiership,” Baxter said. “He has been there every step of the way, both as a player and as a captain, so obviously him leaving like this is a big loss for us. “In years to come people will look back at this period and he will be one of those guys that will go down in history as being part of the team that not only helped us get out of the Championship and into the Premiership, but then got us into the Amlin and the Heineken Cups and really helped to establish us as a club.” Press Association
Southampton appointed Gareth Rogers as interim chief executive officer on Wednesday as owner Katharina Liebherr declared her intention to stabilise the club after a torrid week off the field. “I am delighted that Gareth has agreed to step into this role,” she said. “After the events of the past week, my priority has been to bring stability to the management of the club and I am pleased that we have been able to make this appointment from within. “We had a very positive meeting with all the staff of the club on Monday and I am sure Gareth’s appointment will be warmly received.” Rogers, who has been with Southampton since 2011, also declared his delight at taking up the role. “I am very pleased to be able help the club by stepping up to the CEO’s job on an interim basis,” he said. “We have a fantastic staff and everyone is working together to make sure the club ends the season as strongly as possible.” With a replacement for Cortese in place and assurances from Pochettino that he does not intend to step down, Liebherr again insisted she does not want to sell any of Southampton’s key talent. “Having inherited Southampton Football Club following my father’s untimely passing, I am delighted and proud of the exhilarating period of success that the team and the staff has enjoyed these past few years, buoyed by the unstinting support of the fans,” she continued. “I am absolutely committed to ensuring that the club continues this success. I have met our manager Mauricio Pochettino and have given him my complete support to build on the good work that has already been achieved. “We have also said that we have no plans to sell any of the squad during the January transfer window. Yesterday I met the rest of the staff and gave them the same message of support.” Given the news that injured duo Gaston Ramirez and Dejan Lovren both suffered ankle ligament damage in the 2-2 draw with Sunderland, it may be that Pochettino will be requesting funds to add to his squad during January, rather than having the threat of losing players such as Adam Lallana and Luke Shaw to their rivals. Press Association Nicola Cortese resigned as chief executive last week, with Liebherr becoming non-executive chairman, leading to speculation that manager Mauricio Pochettino and several key players could follow the influential Italian out of St Mary’s. But Liebherr has once again moved to quash such suggestions, insisting the appointment of Rogers – who already worked for Saints as their chief financial officer – will benefit everyone at the club.
Facebook Twitter Google+ Published on January 3, 2014 at 4:47 pm Contact Stephen: email@example.com | @Stephen_Bailey1 Jim Boeheim stormed onto the court and screamed at Baye Moussa Keita.The senior center had been slow getting back on defense early in the second half of Syracuse’s 70-48 win over Eastern Michigan on Tuesday, and the Eagles capitalized with an easy breakaway dunk.Boeheim berated Keita all the way from half court to the bench after taking a timeout, where Keita sat down alongside fellow centers DaJuan Coleman and Rakeem Christmas. With Coleman out with a left leg contusion and Christmas coming off what Boeheim called Christmas’ worst half of the year, the moment marked a low point for the three SU centers.“Going forward, we’re going to miss DaJuan,” SU point guard Tyler Ennis said. “But I think our big men our going to fill his void.”Syracuse will look for improved play from the group, which will likely be without Coleman again, when the No. 2 Orange (13-0) hosts Miami (8-5, 0-1 Atlantic Coast) on Saturday at 2 p.m. in its first-ever in-conference game as a member of the ACC.AdvertisementThis is placeholder textFor Christmas, the clear deficiencies are rebounding and defensive positioning. For Keita, it’s his lack of offensive contributions. So without Coleman — whose defense has also been inconsistent despite his thinner frame and quickened foot speed — Keita is Syracuse’s only adequate defensive center and Christmas its only productive offensive one.If Coleman can’t play, Jerami Grant is expected to start on the wing, while Christmas will make his second consecutive start in the middle of the 2-3 zone.“We just want to go into the ACC strong, show everyone what we can do,” Christmas said. “A lot of people think we will not do good in the ACC. So we just want to go in there and be strong.”Christmas matched a career-high with 15 points against the Eagles, but grabbed just three boards in 22 minutes and struggled to keep drivers in front of him while playing both the wing and middle positions in the zone.He caught and finished a couple lobs from Ennis, but was pulled immediately after a minute-long stretch that included two bad fouls and an irate Boeheim late in the first half.“There’s more than one or two things (he needs to work on defensively),” Boeheim said. “I don’t have time for that.”Keita disappeared at times against Eastern Michigan after helping energize the Orange to its 78-62 comeback win over then-No. 8 Villanova last Saturday.Through SU’s first 12 games, the three centers mixed and matched to hold their weight. But the EMU game was the first where their performance was a more glaring weakness. A better team than the Eagles could take advantage.The Hurricanes, who are in the middle of a rebuilding year, likely are not that team. However, they are led inside by be senior forward Donnavan Kirk, who averages 9.6 points on 47.7-percent shooting and could exploit SU if it’s without Coleman.Kirk also grabs 7.3 rebounds and is second in the ACC with 2.2 blocks per game.“Miami has really improved,” Boeheim said. “They started slow and have a lot of young guys, but have really improved their last few games.”To keep Kirk and sophomore center Tonye Jekiri in check, the Orange will need consistent production from its centers.The three have proven they can be successful together, but with Coleman’s status uncertain Christmas and Keita could have more weight to carry.Kirk and the Hurricanes offer a measuring stick. The centers’ first chance to match up against an ACC frontcourt this year and an opportunity to gain some momentum with SU’s game against No. 19 North Carolina on Jan. 11 quickly approaching.Center depth could be a strength for the Orange by the end of conference play, or it could rival secondary ball handlers for the team’s biggest question mark.Said Boeheim: “I think we’ve put ourselves in the best position we could possibly put ourselves in. Now we just start something over where we’re 0-0, and we need to focus on that.” Comments