first_imgAlex Millar, head of EMEA institutional distribution and sales at Invesco, said a number of respondents to the survey had said they expected the end of the business cycle was imminent.“Public market volatility has combined with late cycle concerns to lead sovereigns to defend, diversify and explore new opportunities,” he said.The majority of sovereign investors polled by Invesco (89%) said they anticipated the end of the economic cycle within two years.Invesco also highlighted that sovereign investors were diversifying their asset allocations, most likely in an effort to protect themselves from a future downturn. Allocations to “illiquid alternatives” – including private equity, real estate and infrastructure – rose to 18% on average and have steadily increased in the past five years. The survey was conducted immediately after the global equity sell-off in the fourth quarter of 2018. Sovereign wealth funds (SWFs) and central banks are preparing for an end to the current business cycle by increasing fixed income allocations, according to Invesco Asset Management.The asset manager’s latest SWF survey – which covered 139 sovereign investors and central banks with $20.3trn (€18.1trn) in assets – revealed that the average fixed income allocation rose from 30% to 33%, while equity holdings fell from 33% to 30%.center_img China beats Europe as investment destinationWithin equity allocations, Invesco reported an increase in allocations to China. Despite trade war tensions between the US and China, the attractiveness of China as an investment destination increased according to Invesco’s measurement, with respondents rating it 6.1 out of 10, compared to 5.2 in 2018’s survey.Roughly 90% of investors that already had China exposure held Chinese equities, which Invesco said demonstrated that the country’s efforts to open up its capital markets were “bearing fruit”. Fixed income allocations were also likely to rise, Invesco added, with Chinese bonds being added to global benchmarks and access improving through the Bond Connect programme.Millar said: “The shift toward China, at a time when trade wars are adversely impacting equity markets, demonstrates sovereigns’ ability to look past short-term geo-political skirmishes driving the news agenda and capitalise on core dynamics, in this case the continued maturing of the world’s second largest economy.”In contrast, respondents were negative towards Europe, Invesco found. Almost a third of investors cut their allocation towards Europe in 2018, citing concerns around Brexit and the rising influence of populist political parties.Just 13% of investors said they would put more money into Europe this year, while 40% said so for Asia and 36% for emerging markets.last_img read more

first_img“The total unpaid claims by PhilHealth to CLMMRH as of July 2020 is only in the amount of P21,829,936,” she clarified. The CLMMRH, according to Hollero, is also the only hospital in Region 6 that submits claims manually, thus a longer turnaround time is needed for the payment. In a letter dated Aug. 3 to Cong. Greg Gasataya, PhilHealth regional vice president Valerie Anne Hollero said the CLMMRH was probably referring to the “returned to hospital” claims from 2018 to 2020. BACOLOD City – The Philippine Health Insurance Corp. (PhilHealth) denied it owes the Corazon Locsin Montelibano Memorial Regional Hospital (CLMMRH) P134,607,154.94 in unpaid claims. The congressman said, as published by this newspaper on July 31, it was medical chief Julius Drilon  who told him that PhilHealth’s unpaid claims as of June 30 were supposedly intended for the procurement of supplies like extraction kits, test kits and personal protective equipment for the hospital’s molecular laboratory. CLMMRH is the only tertiary government hospital in Negros Occidental./PNcenter_img Hollero explained that a total of 22,089 claims were returned to CLMMRH with the total amount of P306,468,442,29. Gasataya claimed the hospital “badly” needed the money to sustain its daily expenses amid the coronavirus disease 2019 pandemic. To recall, Gatasaya wrote a letter dated July 27 to PhilHealth president and chief executive officer Ricardo Morales urging the state-run health insurance agency to settle the unpaid claims of CLMMRH. Of the total amount, she said, only 3,451 in the amount of P46, 609,364.29 have been re-filed by CLMMRH and there are still 18,638 claims in the amount of P259,859,078,last_img read more

first_imgYesterday I had a story about local baseball teams gearing up for their pennant push by signing up hot shots late in the season. Not only were these games always available for summer fun, many other bygone activities helped the summer months fly by. At least half of the area youth were connected to farms, so there was always the field work of summer, but also there were your local 4-H Fairs that usually occurred in July. Most churches had a summer softball league, but in those days it was usually limited to the male population. Sorry, ladies, Title IX had not come along yet. If you lived in a town or in a small city and you were old enough to work, you probably mowed lawns, babysat, or worked on a relatives farm. For those outside jobs, it was a lot of fun at the end of the job or at the end of the day to strip as many clothes off as you thought you could get by with and jump into some local creek, pond, or whatever body of water was available. Few of us farm kids ever thought about going to the city pool. If you were old enough to drive, there was always the local drive-in for an evening activity. I know a few of my buddies tried the alcohol route, but most of us were satisfied with soft drinks and ice cream. Thank heavens no one had invented a Game Boy, so we actually did most things out in the fresh air. The first day of school always became “who got the best tan through the summer?” Oh, for those lazy, hazy days of summer.last_img read more

first_imgBy Ryan ClarkPHOENIX, Ariz. – One IMCA Xtreme Motor Sports Modified driver is not only turning heads on the track, but off the track as well.Ryan Roath, the national point leader in the division through mid-May, was also the top vote-getter in the month’s Sybesma Graphics IMCA Facebook Fan Favorite contest.Roath is currently at the top of the standings at Prescott Valley Raceway, sits third at Canyon Speedway Park in Peoria and finished fourth in the Winter Challenge Series.“That’s where we want to be,” stated the Phoenix driver, recipient of a mini-mod door courtesy of Sybesma. “We’re trying to win a track championship this season and the Arizona State championship as well.”While Roath has won a track title in a local stock car division, he is seeking his first in a Modified.“We’ve never really run strong since we won Western Region Rookie of the Year in 2006,” he admitted. “We hope to change that this year.”Being from the West Coast, Roath realizes he’s already put much of his season behind him compared to other drivers across the country.“We have about 50 races scheduled this year,” Roath said of his team, “and we’ve already hit 26 of them.”“Our season started on Jan. 4 and I know the guys in the Midwest start later,” he continued. “We can’t race four nights a week like them so we’ll see what happens when the points shake out.”He had some ups and downs along the way throughout the first half of his season.“We blew up a crate motor and totaled our car in Vegas in March,” Roath recalled. “We were pretty fortunate to get it fixed. Klein Engines in Phoenix, Friesen Chevrolet and Rod Wadel with Jax Sports Grille made it possible and I’m very grateful to them.”Roath also credits the support of a number of crewmembers for his early season success. They include his dad Calvin, sheet metal guy Larry, crew chief John, PR man Rowdy, along with Dennis, Crystal, and Erin, son Chase and girlfriend Heather.His sponsors include Wahl Traction and Roadkill Grill of Las Vegas; Distinctive Custom Cabinetry, Arizona Biker Leathers, Big D’s RCs, Extreme Apparel, Advocare and Three Wide Photography, Dirt Pro Inc., all of Phoenix; Lucky 7 Designs of Sacramento Calif.; Goofy Tools of Mesa and JAX Sports Grille of Garden City, Kan., and Ed Sabin Photography of Prescott.last_img read more

first_imgCOVID-19 positive cases in the southeastern region.Statewide—The Indiana State Department of Health (ISDH) announced that 605 additional Hoosiers have been diagnosed with COVID-19 today.  A total of 17,182 Indiana residents have tested positive for the coronavirus.  To date, 91,550 tests have been reported to ISDH at an 18.8% positive rate and 63 deaths were reported for a total of 964 Hoosiers have died to date.Locally, Decatur County has a total of 199 positive cases and 27 deaths, Franklin County has 96 positive cases and 7 deaths, and Ripley County has 92 positive cases and 5 deaths. COVID-19 deaths in the southeastern region.last_img read more

first_imgOriginal Story-How would you like to win the keys to a candy castle? If it sounds like a new Willy Wonka movie, it’s not. The creator of the name Jelly Belly, David Klein, is retiring, and is giving families the chance to search for a “Golden Ticket”. The overall winner will get the keys to one of the candy factories.You can join the treasure hunt by buying a clue for your state. The riddle to help hunters find Indiana’s “gold ticket” will be released to buyers on a date that has not yet been revealed. Other states will start getting their clues later this month and into October.You must have a Facebook account to get access to the clues, which will be posted in a private group. The gold ticket will be a golden-colored dog tag on a necklace, with a code you can enter to verify that you found it. Once you’ve done that, you’ll win $5,000. There will be multiple treasures hidden in each state, and remember, they could be anywhere in the state.All treasure hunt winners will then qualify for the “Ultimate Treasure Hunt,” which expands the search nationwide. That’s when Klein promises to give away the key to one of his candy factories.Click here to purchase a ticket to enter the contest and happy hunting. Nationwide —An update from Jelly Belly-Due to confusion in the marketplace, Jelly Belly Candy Company would like to take this opportunity to clear up the misconception that it is involved with a contest that purportedly offers a candy factory as its grand prize. Jelly Belly Candy Company, formerly known as Herman Goelitz Candy Company, has candy making roots back to 1869.  It was founded by brothers Gustav and Albert Goelitz and remains family-owned and operated today.David Klein, the sponsor of the “treasure hunt” contest gaining attention within the media this weekend, is not associated with Jelly Belly Candy Company, its brands, or products. In 1976, Mr. Klein, an independent third party, came up with the name “Jelly Belly” and other novel marketing ideas.  Jelly Belly Candy Company has not had a relationship with Mr. Klein since 1980 when it acquired the trademark.last_img read more

first_img Press Association Michael O’Neill has diagnosed a chronic lack of belief among his Northern Ireland side after their winless run reached 13 games with a 2-0 defeat against Israel in Belfast. The result was another dispiriting one on home turf, following on from 1-1 draws against Luxembourg and Azerbaijan, and left O’Neill with five draws and four defeats from his nine games in charge. Northern Ireland dominated for the majority of the World Cup qualifier but despite seeing plenty of the ball and taking up dangerous areas they could not find a way through and were punished by Lior Refaelov and Eden Ben Basat . “We had chances to go ahead that we didn’t take and that’s been the pattern so far, particularly in our three home games,” he said. center_img “If we’re honest we’re not in a great run of games. If you look back over a longer period then the last campaign finished with four defeats and we’ve not been able to reverse that. “At this minute in time we’re making things very difficult. We go through a bit of anguish and ultimately when we don’t take chances to win games it’s almost as if we expect to be punished for that. That’s certainly been the case. “I’m sure the fear does grow, I’m sure there’s an element of that. When you don’t win games the mentality is only changed by winning games and we’ve not done that – you have to be blunt on that side of things. “A pattern has emerged. The Luxembourg game was two points taken away from us; Azerbaijan, we lost an early goal and then created enough chances to win two games; in Portugal we lose a goal with nine minutes to go. That’s three draws.” O’Neill declined to take comfort from his side’s domination of possession as a reason to be too cheerful. That story has been told more than once and he is in desperate need of three points. “I take no comfort at all (from that) to be honest,” he said. “But I’m disappointed for the people who turn up and for the players. Their approach and what they give us, I couldn’t ask for more. But we need to try and change our mentality and that can only be between the management and the players. “We need to instil a bit more belief in the players and make them believe they can win games at this level because they have proved they can pay in the right fashion. An international manager carries around a result for a long time and I’m very disappointed.” last_img read more

first_img Press Association Simon Easterby has been confirmed as Ireland’s new forwards coach. Easterby will leave the Scarlets after two years as head coach of the club where he plied his back-row trade for seven years. “Simon has tremendous Test match experience combined with an in-depth knowledge of the current national squad players,” said Ireland boss Schmidt. “He is well-known to Irish rugby supporters, and to many of the players, and his knowledge and experience will help drive the team forward.” Easterby won 65 Ireland caps between 2000 and 2008, touring New Zealand with the British and Irish Lions in 2005. The 38-year-old’s departure adds another further blow to the beleaguered Welsh rugby set-up, with the union and regions still continuing their civil war. Blues and Wales captain Sam Warburton remains the only international star to have signed a central contract, and he is still awaiting final confirmation of his club commitments for the new campaign. Easterby will bolster Ireland’s ranks, with David Nucifora now in place as high performance manager and Les Kiss continuing as defence coach – despite taking on the caretaker rugby director role at Ulster. Kiss has stepped into the breach following David Humphreys’ move to Aviva Premiership club Gloucester. The former Ireland captain will replace John Plumtree in head coach Joe Schmidt’s back-room set-up, with the New Zealander returning home for family reasons. Easterby will assume his new role in October, in time for Ireland’s autumn international Guinness Series of Tests against South Africa, Georgia and Australia. Easterby admitted he is relishing his impending move, with Ireland heading into the new campaign as the reigning RBS 6 Nations champions. “It’s an exciting time to be involved in Irish rugby and I am looking forward to helping the team continue to be as competitive as possible,” he said. Easterby will have his work cut out to match Plumtree’s impact, with the Kiwi having transformed Ireland’s pack into a hard-nosed, unforgiving unit. Plumtree’s legacy will include turning Ireland’s driving line-out into one of the side’s chief weapons, and Easterby will know he must sustain the high levels of intensity Ireland showed in the tight last season. last_img read more

first_imgChandigarh: Former India hockey captain Sardar Singh, who called time on his international career, is planning to coach premier European club teams in near future.“After taking permission from Hockey India and Haryana government, I will start coaching. I am planning to work with clubs in premier European leagues,” Sardar, who has played in Dutch and German leagues, told mediapersons on Thursday. While there has been a demand for foreign coaches in Indian hockey, Sardar admitted that communication is a problem as not every player is fluent in English.Also Read | Ganesh Chaturthi: From Bollywood to politics, celebrities offer prayers to Lord Ganesha“Definitely, communication gap does exist at times. During a match, the two-minute break after each quarter is very crucial for the players and during this time, coach is to explain about his analysis of the game. When he (foreign coach) speaks in English, usually there not much time left for translation,” Sardar explained the practical difficulty.Having confirmed his retirement on Wednesday, Sardar reiterated that he has not been forced into retirement by anyone but admitted that the semi-final loss to Malaysia at the Asian Games was a trigger.“I had initially thought to play till 2020 Tokyo Games with the kind of fitness I have. But after losing this match (semi-final in Asian games), I talked to coaches and senior players and then I consulted my family members and decided on retirement. It was a tough call but it comes in every player’s life,” Sardar said.Read More | Delhi Metro is offering Rs 73,000 for the post of General Manager; Know eligibility criteriaAsked about team’s semi-final loss at the Asiad, Sardar said: “Before going for the tournament (Asian Games), all players knew that this tournament was very important for them. We knew that semi-final was very important for us. But that particular day, we did not play up to the level at which started the tournament. We played poor hockey during dying moments of the game and it cost us dearly.”“No team or player wants to lose but it can happen with the best also. Lionel Messi has also missed spot-kicks,” said Sardar. For all the Latest Sports News News, Hockey News News, Download News Nation Android and iOS Mobile Apps.last_img read more

first_imgGUYANA Telephone and Telegraph Company (GTT) yesterday warmed the hearts of the residents at the St John’s Boscoe Boys Orphanage, when they arranged a special visit by the Guyana Amazon Warriors.“GTT is more than happy to support the Amazon Warriors and we’re also happy to bring smiles to faces of these children,” said the company’s Public Relations Officer (PRO) Allison Parker.During their visit, the Amazon Warriors engaged the children in a friendly game of cricket as well as football, while spending some time interacting, taking photos, signing autographs and listening to their stories of how much they love the game.Omar Khan, the team’s manager expressed his delight for the time they spent at the Orphanage and thanked GTT (the team’s Signature Sponsor) for thinking about their well-being.One orphan expressed his delight at being able to rub shoulders with the players seen on television, calling his day spent with the Warriors “a dream come true”, since one day, he would like to walk in their footsteps.Meanwhile, 25 children from the St John’s Boscoe Boys Orphanage will be special guests of GTT on Saturday when the Amazon Warriors battle the Trinbago Knight Riders in their second of four games scheduled for the Guyana National Stadium.last_img read more