Indonesia has been refocusing its state spending to fund the fight against the COVID-19 pandemic with a cash-strapped budget. The government has allocated Rp 405 trillion (US$25.79 billion) of funding for the pandemic budget, causing state spending to increase by nearly 3 percent to Rp 2.6 quadrillion while revenue is expected to slump by 21 percent to Rp 1.7 quadrillion.Luhut expected the privately funded projects could continue their development and absorb workers while contributing to the country’s foreign exchange reserves.A project included in the PSN list will be granted an easier licensing process and accelerated land procurement, as well as government guarantees on any political risks.Septian Hario Seto, the Office of the Coordinating Maritime Affairs and Investment Minister’s acting deputy head for investment coordination and mining, said that two of the proposed 11 new projects were an industrial zone and an industrial park. The Obi Island Industrial Zone in South Halmahera regency, North Maluku, he said, had almost 2,000 workers and it already had a phase-two rotary kiln-electric furnace (RKEF) smelter for ferronickel production with an estimated investment of $800 million.“The significant development [in the industrial zone] will be the high-pressure acid leaching [HPAL] smelter construction, which will be completed in the third quarter of 2020,” he said, adding that the investment for the smelter was estimated at $1 billion.The HPAL smelter produces material for lithium batteries, cobalt sulfate and nickel sulfate.Septian went on to say that the second suggested project for the PSN was the Weda Bay Industrial Park project, where a smelter operation was halted due to the coronavirus outbreak. The plan for its 2020 investment was around $4 billion to $5 billion while exports were estimated to reach at least $2 billion by 2024.The other nine projects are six smelter projects, one coal-to-methane processing area in East Kalimantan, a methane industrial area and the construction of the Kediri-Tulungagung toll road in East Java.“The projects’ investors are being financially evaluated to make sure they can finish the projects by 2024 and be included in the PSN,” he said.Coordinating Economic Minister Airlangga Hartarto said there were currently 232 new project proposals to be included in the PSN, 84 of which were proposed by ministries, 123 projects by regional governments and 17 by state and regional-owned enterprises (BUMN/D) and eight projects by private sector investors.At the same time, the government has scrapped 10 projects from the PSN list as their estimated completion times are beyond 2024, the year when President Joko “Jokowi” Widodo’s second term will end. (eyc)Topics : The government has been assessing 11 new infrastructure projects to be included in the National Strategic Projects (PSN) in a bid to attract investment and create jobs.”I had a discussion with the coordinating economic minister as we want to assess which projects [in the PSN] can be funded by the private sector, so that we won’t just rely on the state budget,” Coordinating Maritime and Investment Minister Luhut Pandjaitan told a webstreamed coordination meeting on Wednesday, as quoted in the statement. His office did not elaborate on projects that might need to be scrapped.“Hopefully we can move fast given the current situation caused by the pandemic,” he said.
Advertisement Advertisement Mikel Arteta is making steady improvements to his Arsenal side (Picture: Arsenal FC via Getty Images)Arteta has long been clear on how he wants to see his team play as a manager, telling Arsenal magazine as far back as 2016: ‘My philosophy will be clear.‘I want the football to be expressive, entertaining. I cannot have a concept of football where everything is based on the opposition.‘We have to dictate the game, we have to be the ones taking the initiative, and we have to entertain the people coming to watch us. I’m 100 per cent convinced of those things, and I think I could do it.’MORE: Chelsea’s Olivier Giroud admits beating Arsenal in Europa League final was extra specialMORE: Dennis Bergkamp claims Arsene Wenger made a tactical mistake that sparked Arsenal’s declineFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Dennis Bergkamp let’s Mikel Arteta know where he has been going wrong at Arsenal Comment Metro Sport ReporterSaturday 30 May 2020 6:08 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.8kShares Dennis Bergkamp feels Mikel Arteta needed to tweak his tactics at Arsenal (Picture: Getty Images)Dennis Bergkamp feels there was an obvious problem with Mikel Arteta’s tactics when he watched the Spaniard’s first home game in charge of Arsenal.The Dutchman watched the Gunners lose at home to Chelsea back in December and immediately noticed a ‘hole’ in the team which needed filling.Bergkamp, who won three Premier League titles with Arsenal, scoring 120 goals for the club, feels Arteta is working on the problem, but it is not a quick-fix.‘I watched Arteta’s first game in charge at home (against Chelsea). In that game it was clear to see what his intentions were with the team,’ Bergkamp told Sportsmail. AdvertisementAdvertisementADVERTISEMENT‘The front four would chase the ball and put pressure on the opponents, but the midfield stayed behind.‘There was a big hole. I don’t know if you remember the AC Milan of Arrigo Sacchi, with Marco van Basten, Ruud Gullit and Frank Rijkaard. ‘In training, they’d have ropes between them, so the distance between the players was always similar on the pitch. ‘That was fantastic in our team as well. There was always a connection. There were no holes.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityThe former striker feels for Arteta because he feels it is clear work is being done, but the players might not be up to it.‘He’s working on it, but it needs time and maybe different players. Slowly you can see them trying to play a possession game,’ continued Bergkamp.‘Everyone on the ball has three options, triangles on the pitch. It’s much better than before. But it’s a different culture which will take time. You have to put the hours in, like how we did with Arsene.’
This land near Beaudesert, once earmarked for a proposed dam, is for sale.The three adjoining lifestyle blocks all front the Beaudesert-Nerang Road. More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoThe properties are located about 60km from Southport and 70km from Brisbane.Ray White Rural Queensland sales agent Peter Douglas and Ray White Rural Beaudesert principal Ed Dalton have been appointed to manage the sale process.Mr Douglas said this was only the first stage of the open market sales program, with more properties to be offered to the market in future stages in the coming months.He expects the properties will attract strong interest from local buyers, with the lifestyle blocks likely to also appeal to interstate buyers. BARGAINS ‘TO BE HAD’ IN UNIT MARKET VIEWS AS FAR AS THE EYE CAN SEE RENTAL CRISIS WORSE THAN EVER “The lifestyle blocks have really nice views, they’re just outside of Beaudesert and it’s attractive, rolling country,” Mr Douglas said.“Rather than offer the land as one large block where someone buys and splits it, (the state government is) offering it separately to give more people a chance to buy at a cheaper price point. “It’s very rare for that sort of thing to come up — especially on behalf of the government.”The properties will be open for inspections on Sundays. The auction will be held in Beaudesert at the Council Centre on Brisbane Road at 11am on June 7. This land near Beaudesert, once earmarked for a proposed dam, is for sale.NO noisy neighbours for miles and rolling hills for days … now’s your chance to buy a rural retreat a stone’s throw from the city.The Queensland government is selling about 2600ha of land originally bought to make way for a major dam, south of Brisbane, at 4071 Beaudesert-Nerang Rd, Tabragalba.The land, around Beaudesert, was bought between 1991 and 2005 for the proposed Glendower Dam, but studies found the project did not stack up financially. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The six properties to be auctioned are a combination of large agricultural holdings, residential houses and lifestyle properties.They include three blocks of vacant land, each around 50ha, a three-bedroom house on 1.2ha, a small farmhouse on 20ha with frontage to the Albert River and 193ha of prime river flats with irrigation licences, houses and sheds.