Delancey grabs Greycoat stake as UKAV pulls out

first_imgSo farewell then, UK Active Value Fund, which has finally sold its near-12% stake in Greycoat.But any relief felt by Greycoat chief executive Peter Thornton over the departure of the troublesome shareholder will be tempered by the news that a rival company now controls UKAV’s 11.6% stake.The arrival of Delancey, headed by james ritblat, with major shareholder Quantum, controlled by George Soros, has prompted obvious suggestions of a takeover battle. Delancey and Quantum have paid an initial £13.9m (165p a share) to UKAV and have a pre-emption right to buy another 4.2m shares for an estimated £6.9m.But it is debatable whether Delancey will bid for Greycoat. In December there were rumours that Wates City of London Properties might be interested in Greycoat after it acquired a 2% stake, but the prospects of a merger are unlikely.The bottom line for Wates and Delancey is that property shares are currently much cheaper than physical property because they are trading at such large discounts to their net asset value. Greycoat’s shares, for example, were bought by Wates at 129p and by Delancey at 165p, compared with the company’s historic NAV of 220p.last_img read more

Limited partnerships top investors’ lists

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Bristol, Bath & Swindon: Talk of the towns

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Consent granted for Sellar’s London Bridge Tower

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Fear and loathing in South Kensington

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The extra Mile

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‘For humanity’s sake’: NTT agrees to help quarantine Timor Leste citizens fleeing virus

first_imgThe governor had ordered the NTT Health Agency and the director of WZ Johannes General Hospital in the provincial capital of Kupang to set up a temporary shelter at the Naimata Mental Hospital for the Timor Leste returnees, he added.Read also: ‘We don’t have anything’: Timor Leste pleads for help to quarantine citizens in Bali“This is purely for humanity’s sake. Human lives are of utmost importance,” Marius said as quoted by kompas.com.NTT shares land and sea borders with Timor Leste. At least five NTT regencies have land borders with the neighboring country and seven have sea boundaries, according to the NTT Boundary Agency.Timor Leste Planning and Strategic Investment Minister Xanana Gusmao previously said his country had requested assistance from Indonesia for the quarantine on Bali of 17 of its citizens awaiting repatriation from China, saying that Timor Leste lacked the proper infrastructure and equipment to handle coronavirus cases.The Bali provincial administration confirmed that Timor Leste, through the Indonesian Embassy in Dili, had asked for Indonesian permits and assistance to quarantine 17 of its citizens on the island.However, the administration on Monday rejected Timor Leste’s request. (rfa)Topics : East Nusa Tenggara (NTT) Governor Viktor Bungtilu Laiskodat has agreed to lend Timor Leste a helping hand as the neighboring country pleads for assistance from Indonesia to quarantine its citizens airlifted from coronavirus-stricken China, an NTT administration official says.“I’ve informed the governor of the 17 Timor Leste nationals who are due to be repatriated from China and he said he was willing to [quarantine] them in NTT,” Marius Ardu Jelamu, the provincial administration spokesperson, said on Wednesday evening.Marius said the administration was ready to help Dili put their citizens into quarantine in NTT should President Joko “Jokowi” Widodo instruct them to do so.last_img read more

‘Don’t panic’: Nuclear agency urges controlled reaction to radiation in South Tangerang housing complex

first_img“For the time being, we have not focused on investigating the location of the source, where it came from, why it was there, who brought it. At the moment the joint team is still focusing on clearing the scene,” Qohhar told The Jakarta Post on Saturday.He added, however, that the team’s initial findings indicated that the radiation did not come from a nuclear reactor leak. The Puspiptek building, which is located about five kilometers away from the Batan Indah complex, houses several small reactors used for experimental purposes. “The source of radiation that we found [in the complex] is Caesium-137, which is frequently used for industrial purposes,” he said. “Caesium-137 is also one of the substances that will contaminate the environment when there is a reactor accident, such as at Chernobyl or Fukushima. But in addition to Caesium-137 there would also be other substances [in a reactor accident]. In this case, the only radiation source is Caesium-137, so the hypothesis that this incident is due to a reactor leak is baseless.”Qohhar added that when radiation exposure rate went above a certain threshold, the effects would be felt by humans, with symptoms such as changes in skin color, dizziness, nausea or even death.“The exposure rate in Batan Indah is far below this threshold,” he said.A resident of Batan Indah complex, who asked to remain anonymous, said that she received a letter from the neighborhood unit (RT) earlier this week informing her about the radiation. She felt everything was under control. “I think there is no need to panic. I believe that the authorities are doing their best to solve the problem. And if they thought it was dangerous, they would have warned us. But so far there is still no warning, so we’re safe,” she said.She said that she passed the volleyball field every day during her morning walk and that besides the yellow barrier tape around the vacant lot, everything looked normal.Heru said that Batan was currently in the process of cleaning up the exposed area and had collected 52 drums of soil and vegetation from the locations.“The results of the cleanup showed that the material causing the radiation had mixed with the soil. The findings are currently being analyzed in the Batan laboratory,” he said.He added that after the cleanup, the radiation levels fell by 30 percent, from 149 microSieverts per hour to 98.9 microSieverts per hour. The normal exposure rate from background radiation is around 0.03 microSieverts per hour.The clean-up process, Heru said, started on Feb. 12 and would continue until early March.He added that the team would soon conduct a radiation test known as “whole-body counting” on residents who lived in the exposed area to measure their bodies’ radioactivity levels.”We will keep doing the cleanup until the area is thoroughly clean and there is no longer any danger to the people and the environment,” Heru said.Topics : The Nuclear Energy Regulatory Agency (Bapeten) first detected the radiation during a routine check meant to ensure that the agency’s mobile radiation detection unit was working properly.“From Jan. 30 to 31, Bapeten conducted a function test with target areas of Pamulang, the Puspiptek [Center for Science and Technology Research] housing complex, the Muncul area, the ITI [Indonesia Institute of Technology] campus, the Batan Indah housing complex and the Serpong train station,” Bapeten spokesperson Indra Gunawan said in a statement on Friday. He said that all of the areas showed normal radiation levels except for a vacant lot next to the volleyball court at Block J of the Batan Indah complex.“A joint Bapeten and Batan team conducted a search to find the source of the high radiation on Feb. 7 to 8 and found several radioactive fragments,” he said, adding that after the fragments were removed, tests showed that the radiation levels in the area had decreased but were still above normal levels. “Based on those results, we concluded that the contamination had spread in the area and decontamination efforts had to be conducted by removing or dredging contaminated soil and removing contaminated trees and other vegetation.” Bapeten spokesperson Abdul Qohhar Teguh said that the agency was not yet able to confirm the source of the radioactive fragments found in the area.center_img The National Nuclear Energy Agency (Batan) has asked residents of the Batan Indah housing complex in South Tangerang, Banten, to remain calm after finding high levels of radiation within the complex.Agency spokesperson Heru Umbara said locals should not panic because the case was being handled by the relevant authorities.”Residents can carry out activities as usual, as long as they do not enter the area that has been marked as contaminated. If managed properly, exposure to this radiation will not endanger the residents,” Heru said in a statement on Saturday.last_img read more

Indonesia’s Greysia-Apriyani badminton pair secure Barcelona Spain Masters title

first_imgThe Indonesian women’s doubles pair Greysia Polii and Apriyani Rahayu have won the 2020 Barcelona Spain Masters. The Indonesian shuttlers defeated Gabriela Stoeva and Stefani Stoeva of Bulgaria 18-21, 22-20, 21-17 on Sunday.Greysia and Apriyani started off on the wrong foot and therefore missed the opportunity to secure the first game. However, the next two games were theirs through hard work.“During the first game we were provoked by the opponents’ solid strike and defense. We almost gave up in the second game, but then we managed to find our way to survive the match and secure the title,” Greysia said as quoted by Badmintonindonesia.org on Sunday. Apriyani said the title was the result of hard work during the match. She said that during the match, the duo’s coach Didi kept saying that they needed to maintain their will to win despite their cornered position.“The coach reminded us again and again of the importance of maintaining a good mental state no matter how bad your situation is. And it works,” Apriyani said.This is the pair’s second title. They also won the 2020 Indonesia Masters.“We do hope that we can maintain this winning momentum throughout this year,” Greysia said.Topics :last_img read more

Regions close schools, cancel public events because of COVID-19

Weddings could be held under strict measures, which included the availability of an isolation room for any sick guests, thermometers to take guests’ temperature, hand sanitizer at the entrance and exit doors and a prohibition of handshakes and other physical interaction, according to Anies.Jakarta previously decided to temporarily close several entertainment places owned by the administration, including Ancol Dreamland Park, Ragunan Zoo and the National Monument. The weekly Car Free Day event on Jl. Sudirman and Jl. MH Thamrin was also suspended for two weeks.However, public transportation, public services, community health centers as well as mayoral and gubernatorial offices will remain open.Indonesia announced 21 new confirmed cases of COVID-19 on Sunday afternoon, bringing the total of recorded people infected with the new disease to 117.In Surakarta, Central Java, the city administration declared extraordinary occurrence (KLB) status following the death of a COVID-19 patient at Moewardi General Hospital on Wednesday. Surakarta Mayor FX Hadi “Rudy” Rudyatmo’s announcement followed a decision by Central Java Governor Ganjar Pranowo to declare the same status across Central Java.The city has suspended public events like Car Free Day and performances such as the Sriwedari traditional drama and Ketoprak Balekambang for 14 days, starting Saturday.The Surakarta Health Agency has ordered 62 people who had contact with COVID-19 patients in the city to isolate themselves by staying at home.The Central Java governor has announced the temporary closure of all schools in the province and ordered schools to resort to online learning methods for 14 days starting Monday.But 12th-grade students must still sit their exams.“We still run the exams except in the Greater Solo area,” Ganjar said, referring to Surakarta, Sukoharjo, Wonogiri, Karanganyar, Sragen and Klaten.Ganjar also instructed restrictions and cancelations of large public gatherings across the province, including Car Free Day, camping and study tours.In Malang, East Java, the seventh round of the 2020 Indonesian Basketball League (IBL) Pertamax, which was supposed to take place on Friday, was canceled after the Indonesian Basketball Association (Perbasi), the participating basketball clubs and the sponsors agreed to prioritize the safety of athletes and the audience.The future of the competition would be discussed by the relevant parties in the near future. “The worst-case scenario would be to totally stop the 2020 IBL and determine the winner from the sixth round,” IBL director Junas Miradiarsyah said.West Java Governor Ridwan Kamil has announced a decision to implement online learning for two weeks, starting Monday. “We have prepared a curriculum for home-learning,” he said.Throughout the first week at home, these children will study about the COVID-19 disease and how to protect themselves.“Hopefully, with the COVID-19 instruction, students will spread knowledge about COVID-19 to their parents, neighbors and friends in social media,” Ridwan said.Universities across the country have also taken precautionary measures against COVID-19.Gadjah Mada University (UGM) in Yogyakarta, the Bandung Institute for Technology (ITB) in West Java’s Bandung, the University of Indonesia (UI) in Jakarta and the State Institute for Islamic Studies in Surakarta are among universities calling off conventional classes and turning to online learning. Many of them have also curbed events held by students or campuses that involve large crowds and canceled foreign trips.UI public health expert Hasbullah Thabrany lauded the initiatives taken by local administrations and universities to limit the spread of COVID-19. “We never know who is a carrier of the virus; social distancing is the right thing to do.”He added that, even though schools and classes were suspended, parents had to make sure the students actually isolate themselves at home and not visit public places during the school break.“The government also needs to pay more attention to the highly vulnerable group, such as the elderly, smokers as well as medical staff,” he said. (aly)Topics : The Jakarta administration announced on Saturday that it would close schools across the city and suspend all exams for two weeks starting Monday. Students in Jakarta will study through long-distance learning.“A few children have tested positive for COVID-19. They can be carriers [of the virus] and infect adults. Adults taking their children to school can also be infected. Therefore, we need to lower the risk.” Jakarta Governor Anies Baswedan said during a press briefing at City Hall.Anies said his administration would follow the example of Singapore and Vietnam, which had limited public gatherings before the virus spread too widely.Later on Sunday, the governor urged residents to restrict activities outside of their homes, except for very urgent matters, to avoid any public gatherings including religious events and to cancel weddings. A number of regions in Indonesia have decided to restrict public events, close schools and tourist destinations in response to the coronavirus disease 2019 (COVID-19).Many of these steps came even before President Joko “Jokowi” Widodo’s announcement on Sunday, in which he urged people nationwide to keep a distance from each other and work and study at home. read more

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