Indonesia’s factory activity at record low as COVID-19 paralyzes business

first_imgThe headline PMI drop was roughly indicative of GDP growth slowing to an annual rate of 4.6 percent in March, IHS Markit economist head Bernard Aw wrote in the release.Read also: Consumers drawn to hygiene products, online fitness as pandemic spreadsManufacturing contributed around 19 percent of the country’s economic activity in last year’s fourth quarter, Statistics Indonesia (BPS) data showed.”The survey underlines how the global pandemic has impacted the Indonesian economy so far, but the increasing likelihood of stricter measures means the downturn could worsen in the second quarter,” Bernard warned. The government has projected the country’s economy to grow at the lowest level since 1999 of 2.3 percent this year under the baseline scenario, or contract by 0.4 percent in the worst-case scenario as the pandemic stifles business activity.Official data showed that as of Monday afternoon more than 2,400 people were infected with COVID-19, with at least 200 fatalities.While it has yet to impose a lockdown, the government in mid-March called on citizens to stay at home to contain the coronavirus disease contagion, disrupting business activities and hitting people’s purchasing power as a sizeable proportion of the workforce was forced to take unpaid leave or was even laid off.Despite still reflecting optimism, the Consumer Confidence Index dropped to 113.8 in March, lower than 117.7 in the previous month, Bank Indonesia (BI) data showed. The survey revealed that consumers were concerned about the current and future economic situation as they worried about job availability.Read also: COVID-19 batters Indonesia’s loan growth to record lowThe automotive industry, for instance, has seen significant disruption. Car manufacturers PT Suzuki Indomobil Motor and PT Honda Prospect Motor have said they will halt their car productions in Indonesia for two weeks from April 13 to 24 in an effort to curb the spread of the coronavirus. Meanwhile, PT Toyota Motor Manufacturing Indonesia is limiting the number of its operating personnel and activities.”We have yet to stop production but we are also prepared for a shutdown scenario if necessary,” said Toyota corporate administration and external relations director Bob Azam, as quoted by tempo.co.Mirae Asset Sekuritas Indonesia analysts wrote on April 2 that they expected manufacturing activities to decline further in April and May. This was because the COVID-19 outbreak in other parts of the world was unlikely to be resolved by the end of April and Indonesia was likely to announce a significant jump in the number of new COVID-19 cases.The upcoming prolonged holidays will further increase pressure on manufacturing activities, the analysts said. The recent significant depreciation of the rupiah would also deter companies from boosting production as they had limited capacity to charge higher selling prices.”Going forward, we expect manufacturing activities to remain under pressure,” they noted.Chamber of Commerce and Industry (Kadin) vice chairman for industrial affairs Johnny Darmawan told The Jakarta Post on Friday that social distancing and work-from-home initiatives had slowed down factory activities, equally hitting all manufacturing sub-sectors except for small-scale sectors that are involved in producing protective gear and masks.He added that manufacturing activities would fare even worse in April as Jokowi had declared a public health emergency and large-scale social restrictions on March 31 to prevent the COVID-19 spread.”Raw materials are also starting to deplete. So, what else can we hope for? Production will automatically drop. Maybe April will be our bottom,” he said.Read also: Avoiding quarantine will inflict greater economic harm, says surveyIndustry Minister Agus Gumiwang Kartasamita acknowledged in a press statement on Thursday that several manufacturing sectors were enduring production drops of nearly 50 percent, except for those related to medicines and medical equipment.He said his ministry would be proposing various fiscal and nonfiscal stimulus measures to anticipate the negative impact of worldwide lockdowns on the local and global market. The measures would also aim to ease raw material imports and reduce both corporate and personal income taxes.”China is able to create opportunities under the current crisis. If China’s economy improves, it will affect us too. Therefore, we also have to be able to create new opportunities in facing current difficulties,” Agus said.Topics : Indonesian manufacturing output fell off a cliff in March as the government imposed stricter measures to contain the COVID-19, a survey has showed. IHS Markit announced on April 1 that Indonesia’s Purchasing Managers Index (PMI), the gauge for manufacturing activities, slumped to 45.3, the worst in the survey’s nine-year history. An index reading above 50 reflects an expansion, while a value below 50 indicates a contraction.”Under stricter antivirus measures, demand weakened sharply at the end of the first quarter. New business inflows fell at the fastest rate in the series history, dragged down by a plunge in export sales,” the survey statement reads. “At the same time, factory shutdowns led to a marked drop in production, with output also falling at a survey record rate.”last_img read more

Liverpool, C-NS bowlers pick up league wins

first_imgNot only was the Liverpool girls bowling team looking to join its boys counterparts as regular-season SCAC Metro division champions, it would have a big-time advantage for its most important matches of the season.The Warriors are at home next Thursday for its league-championship showdown with Baldwinsville and then serve as hosts for the Feb. 2 Section III tournament.Before all that, Liverpool had to make sure it kept pace with B’ville, both of them 10-2 after last Tuesday’s matches as the Bees swept Fayetteville-Manlius and the Warriors held off West Genesee 2-1. Tags: bowlingC-NSliverpool Only Dominique Cimini bowled all three games for Liverpool against the Wildcats, finishing with a 512 series and high game of 190. Ashley Hardy contributed a 172 game and Mikayla Anguish stepped in late for a 155 game.Liverpool’s boys match with WG also ended 2-1, with the Warriors struggling far below their usual form, Brandon Davis shooting the best game of 192 during his 489 series.Josh Winzens had the best three-game total of 501. Devin Roberson, with a 473 series, beat out Deacon Roberson (449 series) and Zak Orsmby (442 series), but no Wildcats bowler shot better than Calvin Lee’s 451 series.center_img Back home at Flamingo Bowl on Thursday, Liverpool’s boys honored its lone senior, Winzens, before its match against Syracuse, where Winzens shot a 254 in between games of 207 and 203 in his 664 series.On its way to another 3-0 sweep, the Warriors also had Devin Roberson open with a 246 in his 623 series and Deacon Roberson tear his way to a 265 to complete his 595 series.The Liverpool girls also beat Syracuse 3-0, the highlight Hardy’s 252 second game during her 577 set. Mackenzie Gill opened with a 204 in her 537 set, with Makenzi Ormsby shooting a 180 and finishing with a 490 series.Cicero-North Syracuse would have its own match against B’ville last Wednesday afternoon, and on the girls side it would push the first-place Bees, but take a 2-1 defeat.Brianna Mabee shot a 546 series that included a 190 and a pair of 178s. Katie Cloonan, with her 489 series, was seven pins of Kathryn Artz’s 482 set.Helping out, Marissa Leone closed with a 182 in her 473 series and Jessaia McGriff had a 461 series. On B’ville’s side, Jenna Spiech (579 series) and Amelia Ponto (546 series) led the way.Prior to that, C-NS swept Syracuse on Tuesday. The boys Northstars’ 5-0 win had J.J. O’Connell finish with games of 224 and 204 in his 609 series as Kyle Patterson shot a 199 in his 552 series and Tyler Dottolo contributed a 544 set.The girls match had C-NS gain a 5-0 shutout as Cloonan’s 192 game occurred in the middle of a 476 set five pins ahead of Artz’s 471 series. McGriff picked up a 456 series and Mabee had a three-game total of 421.On Senior Day Friday, C-NS swept Cortland, with the 3-0 boys victory featuring Dottolo’s 243 and 246 games as part of a 693 series.The depth was there, too, with Landon Spingler shooting 238 to close out a 625 series as Nick Wentworth’s 226 was in the middle of a 605 series. O’Connell contributed a three-game total of 600.And in the girls match, the Northstars won 2-1 over the Purple Tigers, Artz opening with a 210 in her 531 series. Cloonan, with a 489 series, was just ahead of McGriff’s 482 set as Cortland’s Calista VanEpps had a 545 series.Share this:FacebookTwitterLinkedInRedditComment on this Story last_img read more

Man Utd display at Everton was ‘disrespectful’ – Pogba

first_imgPogba scored twice against City in the Manchester derby last season Paul Pogba on potentially not finishing in the top four It was this time last year when United made the short trip to the Etihad and came from 2-0 down at half-time to win 3-2 and deny Manchester City the chance to win the title that day.Pogba scored twice to level the scores before Chris Smalling fired home the winner and they face each other again on Wednesday – this time at Old Trafford – as City battle against Liverpool for the Premier League title.“I wouldn’t say it is the same situation [from a year ago], because they need to win as well, they really need it and so do we,” Pogba said.“We are both in a race for something – them for the title and us for the Champions League for fourth or third place – so it is going to be a tough one and a very important one.“This rivalry has always been there, even when I was in the U18s and we would play against City. This derby just wants love, adrenaline, you play for the shirt with two teams in the same city and you just want to beat them.“You can see that those games are very intense and it is beautiful to play in those games because you get the experience, you have the crowd that are behind you and they just push you. To win those games is really beautiful. It feels like it is different from other games. “Speaking for myself, I love playing against top teams with top players. I love to play against them, it is a game I look at, I learn a lot and I gain experience. I just want to play well against this team and you want to win. It is beautiful to stop teams in the league or in the world, you just want to beat them because to be the best, you have to beat the best so I look forward to those games.“Obviously we would be very disappointed [if United did not finish in the top four]. Two seasons in a row without trophies is not good at all.“We are Manchester United and we play to win trophies. Last year, we didn’t win any and this year again and now we don’t get into the top four, obviously is a very disappointing season. It is not good at all for this club.” Paul Pogba says Manchester United’s defeat to Everton was ‘disrespectful’ to everyone involved with the club.It was a shocking result for Ole Gunnar Solskjaer and his side on Super Sunday, suffering a 4-0 loss and taking a major hit to their hopes of a top-four finish.Following scathing pundit analysis of United’s capitulation at Goodison Park, Pogba offered his own frank assessment of the defeat and says he and his team-mates need a reaction in the Manchester derby on Wednesday, live on Sky Sports.“I wish I knew [what went wrong]. It was the details, the desire, we spoke about courage and everything we had when the manager came,” Pogba exclusively told Sky Sports’ Laura Woods.“What we had there, it was just like another team and this is not good. It is not good for Man United, for the story of the club or for the fans. It is not good at all what we did. Losing a game is something really bad that we don’t want to when we are in the race for the top four and losing 4-0 as well.“Not to be disrespectful and I am not disrespectful on Everton, but the way we played and the performance of myself, of the team, of everyone is disrespectful. We didn’t respect ourselves, the club or the fans.“Sometimes, you try to give everything but nothing comes with it. You keep trying, you might lose some balls that you might not lose, you lose some challenges that you win, and most of the time we would create chances that we would score but we missed.“Everything went wrong but the most important thing is the mentality that we put on the pitch – that has to change. Now it is in the past and we cannot stay on the past because it is a headache. You have to think about the next game and do better.“[In the dressing room after the game] we let the manager speak, the staff speak and they spoke the truth. They said what happened in the game and it is not respectful for ourselves.“What we did on the pitch is not respectful for the team-mates, for the staff, for the people, for the kitman, for everyone. For their work, they put their life on us, the team and this club. What we showed on the pitch, we did not give them the joy back and that’s why we are angry with ourselves. We want to do better for sure and we have to. The reaction has to be there.“I want to say [to the fans], and I know it may not be enough, but the fans want a reaction from the players and the only way to apologise to them is to give everything on the pitch, do our best, create chances, score goals, defend, work for the team and we can even lose games, but with a good performance and pride on the pitch.“That’s how we should apologise to the fans, just to give everything for us, for the club, for the shirt, for the team-mates and for ourselves as well because it is us on the pitch and we cannot perform like we did.”‘We need to go back to basics’Ole Gunnar Solskjaer struggled to answer when asked if his United players care enough, after their defeat at EvertonSolskjaer also criticised his side after their thrashing at Everton, admitting he was unsure if they cared enough about Man United.Asked about his manager’s reflections, Pogba added: “What I understood on this is when you wear this shirt at this club it is, first of all, because you deserve it, but when you deserve it, you have to work and respect the culture, the history of this club and give everything on the pitch.“I don’t want to be harsh with my words but we don’t want to look like we did yesterday because the body language was not good enough for this shirt. When you’re here, you deserve it and you have to give your life on the pitch. You have to work, you have to sweat for this shirt and you have to give everything.“The key thing is to go back to the basics. It is really simple, but it is really hard because the basic things are working for your team-mates, stay in your position, defend, don’t let the player cross, win the second ball – those things, we don’t really talk about this, but they are details that make the difference in a game. You go for it and you go for scoring a goal, not just to cross the ball. Those things like that are just basics but they are so important.”‘Playing in derbies is beautiful’last_img read more

NHL roundup: Legace registers shutout for Detroit in return

first_imgat Detroit 3, St. Louis 0 Playing for the first time in more than a month, Manny Legace made 15 saves for his third shutout of the season to lead the Red Western Conference-leading Red Wings. Detroit also welcomed back captain Steve Yzerman, who played for the first time since Dec. 9. Colorado 4, AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan Clarkson at Minnesota 2 Alex Tanguay scored twice and David Aebischer had 33 saves to lead the Avalanche. Marek Svatos broke the Avs record for goals by a rookie with his 21st of the season in Colorado’s third consecutive win. Philadelphia 4, at N.Y. Rangers 3 (OT) center_img Simon Gagne scored seven seconds into overtime for his NHL-leading 28th goal after Peter Forsberg won the faceoff to help the Flyers stretch their lead in the Atlantic Division. at Boston 4, Ottawa 2 Brad Boyes scored the go-ahead goal in the third period to lift the Bruins, who are the only division foe to beat the Senators this season. at New Jersey 5, Montreal 4 Patrik Elias had two goals and two assists in his second game back since recovering from hepatitis to lead the Devils. Elias combined with linemates Scott Gomez and Brian Gionta for three goals and eight points. at Buffalo 3, Tampa Bay 1 Jochen Hecht had a goal and an assist, and Ryan Miller made 21 saves to send the Sabres. Miller won for the fifth time in six starts since returning from a broken thumb. Vancouver 3, at Chicago 2 Nolan Baumgartner and Markus Naslund scored in the second period, and Jarkko Ruutu converted a penalty shot late in the third to hand the Blackhawks their ninth loss in a row. at San Jose 6, Columbus 3 Jonathan Cheechoo scored three goals for the second time in three weeks and linemate Joe Thornton had a goal and three assists for the Sharks. Thornton leads the league with 44 assists in 37 games. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more