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.
GUWAHATI: Assam suffered humiliating defeat against Haryana in the Vijay Hare Cricket Tournament in Chennai today. Haryana won the tie by 8 wickets.It was the pathetic batting which is responsible for the poor show of Assam in the match. Entire team were bowled out paltry 81 runs and eight of the batsmen failed to score double-figure runs.Elected to bat, Assam made good start as both the openers Riyan Parag and Parvez Aziz added 39 runs in 8.2 overs. Thereafter the collapse started and the entire team were bowled out adding only 42 runs on the board. Riyan (24) was the top scorer and his opening partner Parvez scored 13. The other batsman who reached double-figure was Arup Das (10).Entire middle and lower order today failed to come out as per expectation as Gokul Sarma (0), Sibsankar Roy (3), Amit Sinha (2), Romario Sharma (4), Wasiqur Rahman (4), Jitumoni Kalita (9), Abu Nechim Ahmed (2) were not able to stay on the wickets for a long period. Mrinmoy Dutta remained not out on 3. Former Team India member Amit Sinha picked up 6-13.In reply, Haryana reached the target in 11.2 overs losing two wickets. SG Rohila remained not out on 31 while his opening partner H Patel scored 37 runs before got out. Riyan Parag and Amit Sinha picked up one wicket each.
VIDEO: Watch Kyle Kuzma’s game winner and what he said about it Newsroom GuidelinesNews TipsContact UsReport an Error Morning Wrap: Full coverage from Lakers-Clippers thriller; Angels, Dodgers going in different directions; Whicker pays tribute to legendary Mike Gillespie VIDEO: LeBron James and Doc Rivers respond to Donald Trump calling NBA kneeling protests “disgraceful” Lakers on verge of sealing home court advantage, what does it mean in the NBA bubble? Rondo said his game has changed little during his 12 seasons in the NBA.“You know what you’re getting with me,” he said, referring to his playmaking ability.Rondo, a four-time NBA All-Star averaged 8.3 points, 4 rebounds and 8.2 assists in 65 games last season with the New Orleans Pelicans, including 63 starts. He had a league-leading 25 assists in a Dec. 27 game against the Brooklyn Nets last season.The Lakers are Rondo’s sixth NBA team after he played with the Pelicans, Chicago Bulls, Sacramento Kings, Dallas Mavericks and Boston Celtics. He and the Celtics faced off against the Lakers in the NBA Finals in 2008 and ’10, with the storied teams splitting the matchups.“We are thrilled to have Rajon bring his off-the-charts basketball IQ to the Lakers,” Lakers general manager Rob Pelinka said in a statement. “He has a proven ability to play at an elite level during playoff and championship runs, and that is a highly valued skill.“Rajon is also respected around the NBA as an extremely hard worker and relentless competitor and that mentality is key to how we want to build our roster.”Related Articles Jubilation, anguish as race for NBA’s Western 8th seed gets as close as ever The first step in Pelinka’s rebuild for 2018-19 and beyond happened Sunday, with the long-awaited and much-hoped-for announcement of James’ agreement to join the Lakers. The team also added Rondo, Lance Stephenson and JaVale McGee in addition to re-signing Caldwell-Pope.Rondo said the Lakers contacted him when free agency began at 9:01 p.m. last Saturday. He said they didn’t have to make much of a pitch, based on the fact that he was thrilled about getting a chance to play with James, a four-team MVP and a three-time league champion.In addition to James, Rondo said he hoped to learn from Magic Johnson, the Lakers’ president of basketball operations and a Hall of Fame point guard who directed the franchise to five NBA championships during the “Showtime” era of the 1980s.Rondo’s battles with the Lakers as a member of the Celtics are ancient history, he said.“It hasn’t felt strange at all,” he said. “None of those players are left.” Rajon Rondo didn’t wish to rehash old rivalries, preferring to keep them dead and buried. He didn’t want to talk about supplanting Lonzo Ball, but rather hoped to serve as a mentor to the second-year point guard. He said he was eager to join forces with LeBron James and fight for an NBA title.“I think any team with LeBron James can,” Rondo said when asked if he expected the Lakers to challenge the Golden State Warriors for NBA supremacy next season. “We’ll be right in the mix. I’m not predicting anything, but at the end of the day, I expect to win.“Anything else is not satisfying.”Rondo signed his one-season, $9-million contract with the Lakers on Friday, officially joining their upgraded roster, which includes James after the superstar forward agreed Sunday to sign a four-season, $153.3-million deal as the free-agent catch of the summer. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThe Lakers also said Friday they re-signed Kentavious Caldwell-Pope to a one-season, $12-million contract and signed Isaac Bonga after completing a trade with the Philadelphia 76ers to acquire the 39th overall pick in the draft. The Lakers sent a second-round pick in 2019 and cash to the 76ers.Rondo, 32, said during a conference call with reporters that he spoke briefly with Coach Luke Walton, who took him on a tour of the Lakers’ El Segundo practice facility. They didn’t talk about Rondo’s role in great detail during their initial conversation, but it’s become clear part of the Lakers’ plan is to ease the pressure on James by building a roster with more playmakers.Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.“We might have a roster where there’s five ball handlers on the court at one time,” Rondo said. “Five guys that can … playmake and create offense for each other versus just one dominant ball handler. It will be very versatile and I don’t think you’ll be able to scout and stick to one gameplan as far as being able to stop a certain player.”“I think it is kind of crazy if you think you are going to outshoot Golden State at this point,” Rondo added. “Obviously, they have proved it – that no team can really shoot with them, so I think of other ways that you have to try to beat those guys. We are going to try to crack that code.”Of playing with the 20-year-old Ball, Rondo said, “I want to try to help him as much as I can and bring him up to speed, especially with as much pressure as the organization has on it right now. That’s one thing I’ve done a pretty good job of – helping young guys on the court, but mostly off.”