Topics : President Joko “Jokowi” Widodo has called on the Health Ministry and the COVID-19 task force to improve and accelerate polymerase chain reaction (PCR) testing and mass rapid testing across the country.“I have asked for people at high risk, doctors and their families, people under monitoring and patients under surveillance be prioritized in the PCR and rapid testing,” Jokowi said during a limited meeting on Monday.“We should accelerate the examinations in laboratories, so we can detect [COVID-19] cases faster,” he added. COVID-19 task force chief Doni Monardo said his team had handed Rp 14 billion (US$848,000) to the Eijkman Institute for Molecular Biology in Jakarta, one of the research agencies conducting lab tests for COVID-19.“We hope the Eijkman Institute can quickly increase its capacity to conduct examinations,” Doni, who also heads the National Disaster Mitigation Agency (BNPB), said after the meeting with Jokowi.Read also: Indonesia to receive 50,000 COVID-19 PCR test kits from South KoreaIn addition to conducting PCR swab tests, the government is also attempting to gain a clearer picture of the coronavirus spread through rapid testing, and has so far distributed some 400,000 rapid testing kits to regions across the country, with priority given to the hardest-hit areas such as Greater Jakarta. A number of regional administrations have record hundreds of coronavirus cases using rapid testing kits over past few days, although experts warn they are less accurate than PCR tests.The Jakarta administration has recorded 589 positive cases from the 24,015 people who have undergone rapid tests as of Monday.West Java Governor Ridwan Kamil has said that of the 22,000 rapid tests conducted using blood samples in at least 27 regencies and cities, 677 people had tested positive for COVID-19 in the province.The official figure includes only cases confirmed using PCR tests, with Indonesia recording 2,491 confirmed cases and 209 deaths as of Monday.Read also: Carry out proper mass testing with PCR, experts sayThose who have tested positive for coronavirus using rapid tests could be required to go into immediate isolation, but still need to undergo PCR screening to confirm their status.In addition to testing kits, the government has distributed some 390,000 units of personal protective equipment (PPE) to regions across the archipelago with 105,000 more to be distributed soon.Jokowi said during Monday’s meeting that authorities needed to supervise the distribution of PPE to ensure it arrived at hospitals.“We will prioritize distribution to regional hospitals,” Doni said, adding that the government would also focus on deploying volunteers to regional hospitals that lacked medical personnel.
According to the final guidelines, managers will have to report on the portfolio concentration of alternative investment funds.Key elements of this include reporting the breakdown of funds’ investment strategies, the main markets and instruments in which they trade, the total value of assets under management and turnover of each fund, as well as the principal exposures and the most important portfolio concentration of the funds.The key elements of the additional level of reporting the authority is now proposing include the funds’ risk measures, their liquidity profile and their leverage.ESMA said the guidelines clarified AIFMD provisions on required information, which would help achieve a more comprehensive and consistent oversight of the activities of alternative investment fund managers.The authority also said it was publishing technical supporting material that would make managers’ reporting easier, such as a consolidated reporting template, detailed IT guidance for filing of the XML and the XSD schema.The guidelines will now be translated into the official EU languages.When these translations are officially published, national regulators will have two months to confirm whether they comply or intend to comply by incorporating the guidelines into their supervisory practices, the EU authority said. The European Securities and Markets Authority (ESMA) has published final reporting guidelines for the Alternative Investment Fund Managers’ Directive (AIFMD), along with a new proposal for another level of mandatory reporting.ESMA said it had published an opinion proposing the introduction of additional periodic reporting for alternative investment funds (AIFs), to include information such as the Value-at-Risk of the funds, or the number of transactions carried out using high-frequency algorithmic trading techniques.The authority published final guidelines on the reporting obligations under the AIFMD, which require managers of AIFs to report certain information to their national supervisors.The directive covers hedge funds, private equity and real estate funds and came into force in July.
Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share Betfred counters Oppenheimer bid in race to rescue Phumelela August 26, 2020 Winning Post: Third time’s the charm for England’s casinos August 17, 2020 Related Articles StumbleUpon Submit Share Back from its summer break, industry strategic consultancy Regulus Partners addresses the immediate challenges currently facing the racing industry in South Africa, which from the outset appears to be following a similar pattern to racing in the UK, France, US and (to an extent) New Zealand.South Africa’s Flamingo Park racecourse, known to South African and International bettors alike for its 36 ‘volume’ fixtures on the sand, is to close in December. SA, therefore, goes down to 6 courses and 16 fixtures (c. 5%) will be permanently lost. The course (and training centre) was losing c. US$1.5m pa, although Phumelela suggests that overall domestic racing has been running at a loss for several years, as well as yielding the lowest tote betting revenue of the courses (achieving only c. 30% of the average excluding Flamingo Park). The decision comes after Phumalela was getting somewhere in securing its external racing revenue from attack from South Africa’s Public Prosecutor, who attempted to restrict the distribution a 6% customer winnings levy on the basis that it was a tax on poor punters (literally) to benefit rich racing stakeholders.There are many local factors that go into Phumalela’s decision to close the course, but the relatively recent rationalisation of South Africa’s racing supply has been aggressive (with three courses closing in 6 years). In during the same period, while Phumalela’s revenue has increased by 50%, this has overwhelmingly come from diversification away from domestic racing income (other sports and number, international media). By contrast, tote betting on domestic horseracing has been stagnant, while racecourse attendance tends to be concentrated at only the most prestigious events (not something Flamingo Park is famous for). South Africa is therefore seeing a similar pattern to racing in the UK, France, US and (to an extent) New Zealand, where rising costs meet flat (real terms decline) consumer demand and something has got to give.Inflation can be a savage decider of fates and it is making itself felt in most ‘Western’ racing markets. Between 2009 and 2016, Phumalela’s average revenue growth was 9.5%, outstripping inflation by a healthy 4.0% (if not driven by racing). However, in the last two years Phumalela’s revenue growth has stagnated to less than 2% pa, while inflation continues to run at c. 4.5%. Dynamics such as these demand one or more of three things. First, customers (including betting operators) can be expected to pay more, but it is difficult to see how this can happen willingly, and in environments where key political stakeholders question the justice a flow of money made from the relatively poor to the relatively rich (even if friendless bookmakers sit in the middle), it is also difficult to see how much force can be applied (betting operators in most markets are also able to pursue less expensive non-racing growth, ironically including vertically integrated racing monopolies; customers are also typically overwhelmed with both betting and venue choices). Second, racing can hope for continued succour from the engagement or tolerance of owners – being willing to carry more losses for longer; again, racing is overwhelmingly a (relatively through to super-) rich person’s hobby (see below), but if engagement is not broad (as in Ireland, Australia, New Zealand; to an extent France), then stakeholder engagement can be either extremely fickle (UK) or based upon supply-side economics that no longer add up (US, SA). Third, comes the recognition that significant structural change is required.This structural change is almost inevitable, in our view. In Ireland it has been postponed with a tax increase. In SA it has taken on a Dr Beeching approach which appears not only close to the bone but also not offering any answers to underlying problems of broader public engagement. In the US, diversification into slots has provided the answer to the companies while racing itself stagnates, but should slots revenue come under threat, then so will the entire system. France has chosen to kick the can down the road for another year by drawing upon diminishing strategic reserves. New Zealand seems to see salvation in opening up a (racing) market that is performing better than most. It remains unclear what the UK will do, despite facing probably the stiffest short-term challenges of the ‘Western’ markets mentioned.In all this, one key question does not seem to be being posed by stakeholders: what is racing for? It cannot be there to make a profit in the round, so establishing why those who are supporting the revenue or bearing the losses (punters/bookmakers, racegoers and horsemen) should willingly continue to do so (essentially rooted enjoyment, not money) ought to be central to this. Otherwise ‘structural change’ will just mean cost-cutting to self-administered extinction.UK: Sponsorship – FA gets shirty with TerriersThis week, the Football Association fined Huddersfield Town Football Club £50,000 for its part in allowing a larger-than-regulation-size Paddy Power logo to adorn its shirt for a pre-season friendly with Rochdale. The whole thing may have been a prank (PP revealed that it would pay Huddersfield not to promote the bookmaking brand) but – even with the benefit of VAR – the FA failed to see the funny side.The stunt may have raised £28,000 for charity (through the auctioning of the contraband shirts) but – given the inevitability of the fine – one cannot help wondering whether the charity would have been better served if Huddersfield had simply handed over a cheque for £50k and passed on the offer of some jovial Paddy-whackery.The whole episode has been rather silly, in our view. The expulsion from the Football League of Bury FC and the near collapse of Bolton Wanderers exposed the stark issues of Paddy Power’s campaign to stop football clubs receiving often vital funds from shirt sponsorship. Even Paddy Power’s official response (a link to an ‘error’ page) smacks of ‘class clown’ humour.With Kindred also getting into bother over 32Red’s involvement in the signing of Wayne Rooney and the ripples of clubs’ exposure to 1xbet are continuing, the judges may find the choice of this year’s Darwin Award recipient for the gambling industry a tough call to make.Content provided by Regulus Partners
Final preparations for the rematch of the B&H handball representation and Greece for qualification at the European Championship is complete.First training of B&H representation, which has already arrived in Cazin is announced for tonight, at 18:00, and will be followed by two more trainings on Friday and Saturday, on 4 and 5 April.A press conference, where captain and coach of B&H representation, as well as representatives of Handball Association of B&H will address journalists will be held tomorrow at the center of Cazin, outdoors.B&H handball representation will be hosted tomorrow by the Mayor of Municipality Cazin Nermin Ogrešević to officially welcome them in Cazin.The match of the handball representations of B&H and Greece will take place on 5 April at 20:15 at the City Hall.The hall is arranged and additionally equipped for this kind of international match and can accommodate 2.300 spectators.(Source: Fena)