Garuda Indonesia ready to fly home Indonesian citizens in China – outside Hubei

first_imgMany applauded the heroism and bravery of Batik Air, a Lion Air subsidiary, which used an Airbus A330 in the evacuation over the weekend. National flag carrier Garuda Indonesia has stated its willingness to set out on a repatriation mission for Indonesian citizens trapped in a number of provinces in China outside Hubei, where the Wuhan coronavirus epidemic first broke out.“Garuda is ready whenever the government asks to evacuate Indonesian citizens from other cities in China,” president director Irfan Setiaputra said after a meeting in Jakarta on Wednesday, tempo.co reported.Irfan said Garuda was not able to reach Hubei because the airline had no flights to the region. Garuda is also ready to fly home the evacuees who are currently under two-week observation and quarantine in Natuna, Riau Islands, if needed.Nevertheless, Garuda might have a problem reaching Natuna as the airline uses wide-body aircraft, said Irfan.“The government has not yet discussed sending home [the evacuees] from Natuna. But again, we are ready. We have flights to Batam as well,” said Irfan.The government has repatriated 238 Indonesian nationals from Wuhan and its surrounding cities in Hubei following the coronavirus outbreak. The government is discussing efforts to handle around 3,000 Indonesian citizens in China after Indonesia imposed a travel ban to and from mainland China on Wednesday. (syk)Topics : Transportation Minister Budi Karya Sumadi said the evacuation would be carried out carefully and with consideration to recommendations from the relevant ministries and institutions.last_img read more

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UK accountants welcome SORP changes for pension fund accounting

first_imgIt deals with the preparation of financial reports by pension schemes.Updates to the 2007 guidance became necessary after the UK authorities consolidated UK GAAP into a single accounting standard, FRS 102.FRS 102 is a fundamental reform of financial reporting in the UK.In essence, it is a localised version of the International Financial Reporting Standard for Small- and Medium-sized Entities.Alongside this change, UK legislative and regulatory actions have also made a number of changes to the legal and regulatory environment for pension funds since 2007.In particular, the past seven years have seen the introduction of auto-enrolment, as well as an increasing number of pension schemes entering the Pension Protection Fund.The PRAG issued its draft SORP in April on a three-month comment period.The changes take the form of wide-ranging amendments to the 2007 SORP.Comments on the proposals closed on 16 July.The PRAG invited views from interested parties on a series of changes that affect annuities, investment-risk disclosures, the fair-value hierarchy, financial statement presentation, auto-enrolment, legislative disclosure requirements and concentration of investments.But despite widespread support for the PRAG’s approach in the document, experts who spoke with IPE cited areas for concern.In a recent press notice, the ACCA warned that the PRAG must “more fully” explain the concept of “significant” when it applies to a new requirement to account for matching annuities on the balance sheet.The accountancy body also called for the PRAG to include “an indication” of the “level of materiality applied to disclosures in the example financial statements” in the SORP.And in an interview with IPE, ACCA spokesman Paul Cooper warned that the new SORP would lead to inconsistencies between statutory reporting requirements for disclosures about investments and the requirements of UK GAAP.Urging the DWP to act, Cooper, a corporate reporting manager with the ACCA, said: “It is important changes can be made so the legal requirements are consistent with the revised SORP.”David Hutchings of Hymans Robertson said: “The SORP talks about information to quantify risk. A single number in the accounts could be misleading because that number in isolation might look large and yet say nothing about risk mitigation.“We would like to see a requirement for entities to provide a better explanation of risk – perhaps through the inclusion of an updated statement of investment principles as an appendix to the Report and Accounts to avoid putting big figures into accounts that might be misleading.” Pension fund accountants in the UK have broadly welcomed proposed new guidance from the Pensions Research Accountants Group (PRAG) dealing with the preparation of financial reports by pension funds.In a statement on the draft guidance, global accountancy body the Association of Chartered Certified Accountants (ACCA) said it thought the changes detailed in a draft Statement of Recommended Practice (SORP) would “bring clarity”.But the ACCA warned that interested parties must now lobby the Department for Work & Pensions (DWP) to bring forward legislation to align investment disclosures under UK law with developments in UK generally accepted accounting principles (GAAP).The draft SORP sets out a series of amendments to a 2007 SORP.last_img read more

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Swing for the fences: New head coach Jason Gill’s experience has led him to his dream job

first_imgBut Gill is ready for that challenge. Gill was later the hitting coach and recruiting coordinator at both Cal State Fullerton and Oregon. He brought in a top-10 recruiting class at Fullerton in 2007 before rebuilding the Oregon baseball program.  A new era is officially underway for USC baseball. Nathan Hyun contributed to this report. Now, Gill aims to transfer the skills and lessons he learned from his mentors into his own players.  Gill credits his parents for his positive and determined outlook on life, as he believes the resources that were provided to him from an early age have shaped him and defined his coaching career. “Growing up in a loving family, with a mom and dad that taught me perspective, that taught me work ethic, that relayed to me that your attitude is your decision and that you choose the path that you want to go on,” Gill said. Gill, a Southern California native, is finally at a place he has always wanted to be with USC. “It’s been my dream job since I got into the profession,” Gill said. “The history of the program is better than any college baseball program. [USC has produced] more big leaguers than anybody, we have Hall of Famers, we have All-Stars, we have Cy Young Award winners. And I think if you’re from Southern California, you want to be at the top — this is where you want to be. So it’s kind of a no-brainer for me, to be honest with you.” As for his USC players, Gill has already made a striking impact in motivating them for the 2020 season.  “He’s been in this for so long … and he just brings so much to the table instilling discipline within us and just motivating us every single day,” junior outfielder Bart West said about Gill’s leadership.  At LMU, Gill led the team to the WCC Tournament five out of the last six years, winning it last season and in 2017. Overall, Gill posted a 322-286-1 (.530) record during his time with the Lions. “If I could pass on to [my players] anything, it would be for them to never accept mediocrity of themselves,” Gill said. “To set standards that are achievable for them to reach. Whether it’s in the classroom, socially or on the baseball field, anywhere they’re at to not settle for being just OK at anything.” Head coach Jason Gill has been coaching since 1995 when he was a graduate assistant at Cal State Fullerton. (James Wolfe | Daily Trojan) Bringing together all of his experience as a player, recruiter, assistant coach and head coach, Gill hopes to continue the great track record the Trojan baseball program has accumulated over the years. With 12 national championships, 21 visits to the College World Series and 114 players sent to the major leagues, Gill is now tasked with bringing the Trojans back to national relevance and the College World Series for the first time since 2001. “In any venture of life, if you’re fortunate enough to be in the same business and you love your job, you’re gonna learn from your mistakes,” Gill said of what his experience has taught him about coaching. “So I think at the end of the day, I’ve learned more than anything that it’s about relationships and about development over wins. I think the wins are a byproduct of that.” Gill started as an assistant coach at Nevada from 1997-98. During his time there, he helped lead the Wolfpack to their second postseason appearance ever. In 1999 and 2000, Gill was the assistant coach for LMU. In both those seasons, the Lions won West Coast Conference titles. At Gill’s high school, Mater Dei, his baseball coach Bob Ikes taught him all the skills he would later exemplify for his own players: accountability, responsibility, being on time and knowing who you are. At Cal State Fullerton, Gill played for coach Augie Garrido, a well-known College Baseball Hall of Famer and, as Gill puts it, “arguably the best college baseball coach to ever work.” “The biggest gift that I can give [the players] is to be present,” Gill said. “Be where you’re at and reach your full potential. Don’t settle.” “Coach Gill’s doing an incredible job with kind of instilling his mindset into us and how we carry ourselves every day,” said senior first baseman John Thomas, who added that Gill’s mentorship has led him to become a better leader for his teammates.  Head coach Jason Gill will be the 18th individual to serve as USC’s head baseball coach in the history of the program. Gill will begin his first season in the position Friday against Western Michigan. (Design: Kevin Yin; Photo: James Wolfe | Daily Trojan) To add to his impressive resume, he also served as an assistant coach for the U.S. Collegiate National Team in 2012 and 2016.  The Trojans will play their first game of the 2020 season Friday against Western Michigan under new head coach Jason Gill. Gill, who came to USC in June after 11 seasons at Loyola Marymount, has spent the time leading up to this season implementing his greatest philosophy: Never accept average. He then spent three years at UC Irvine alongside head coach John Savage, recruiting a No. 8 class in the country in 2002 with a pair of top-30 classes succeeding that. The Anteaters reappeared in the postseason in 2004.last_img read more

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