16 Dec

Mineola Man Shot Dead Outside Home

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 43-year-old man was shot and killed outside of his Mineola home after the shooter demanded money but fled the scene without stealing any from the victim over the weekend, Nassau County police said.Officers responding to a 911 call found the victim, Oscar Granados, suffering from a gunshot wound on Roslyn Road at 9:42 p.m. Sunday, police said. The victim was pronounced dead at the scene outside of the home that he shared with his family.“Give me the money,” the victim’s brother overheard the suspect tell Granados during a struggle, Det. Capt. John Azzata, commander of the Homicide Squad, told reporters Monday during a news conference at police headquarters.Detectives are investigating whether the shooter’s motive may have been related to the victim’s gambling but would not say how much money the victim had on him at the time, Azzata said. He noted that there was no known gang involvement.“I believe that he was targeted,” Azzata said. “It’s going in that direction, but that could change.”Azzata said that detectives plan to interview the taxi cab driver that had dropped Granados off from a location in Hempstead moments before the shooting. Although there have been no arrests and there is no description of the suspect, the voice indicated that the shooter was a man, he added.Homicide Squad detectives are continuing the investigation and ask anyone with information regarding this crime to call Nassau County Crime Stoppers at 1-800-244-TIPS.  All callers will remain anonymouslast_img read more

19 Oct

Govt bootcamp to prep 30 startups to give SMEs a digital leg up

first_imgThe study found that MSMEs that have an online presence are more resilient, as they are more likely to continue producing and selling goods and to have a longer runway to survive the health crisis.So far, the number of small businesses on digital platforms has reached around 9 million, or 14 percent of all small businesses, according to the minister, quoting data from the Communications and Information Ministry.That figure includes 1 million new enterprises to go digital during the pandemic.“Some digital platforms [companies] told me they had never seen such a rapid growth in only a few months. This is because the situation forces people to sell online,” said Teten.Putri Tanjung, who initiated the program, said the participating startups had brought about solutions to the issues faced by local small businesses in their respective regions.According to the ministry, 23 startups participating in the program are from outside Jakarta.Neneng Goenadi, the managing director of Grab Indonesia, said a survey by her company found that 76 percent of SME respondents still needed more support to increase their online visibility, and around half of them needed technology to develop their businesses.Both Grab Indonesia and Shopee Indonesia will provide guides on a wide range of topics, including technology, marketing strategy and product design, to the participating startups.“We at Shopee, which has been dealing with SMEs for years, hope we can share [our experience], so that those startups can avoid the pitfalls we faced,” said Handhika Jahja, the director of Shopee Indonesia.The government has allocated Rp 123.46 trillion (US$8.36 billion) for small businesses as part of its COVID-19 relief package. As of Sept. 17, the government had spent 41.34 percent of that allocation, according to Coordinating Economic Minister Airlangga Hartarto.Topics : The government will hold a three-week bootcamp for 30 selected startups that can provide services like supply chain and finance management for small and medium enterprises (SME) as it aims to increase digitalization among the small businesses.The course, called Pahlawan Digital (Digital Heroes), will begin on Wednesday. The Cooperatives and SME Ministry also partners with influencer-cum-businesswoman Putri Tanjung, e-commerce company Shopee Indonesia and ride-hailing firm Grab Indonesia to select the 10 best startups out of the 30 participants as strategic partners for the ministry.“They [the startups] will provide not only market access [for SMEs] but also support efficient business processes and supply chains, access to financing and entrepreneurship development,” Cooperatives and SME Minister Teten Masduki said in a virtual press conference on Monday. Six startups, including promotional small businesses database Klik Direktori, smart chat assistant provider Chatbiz.id and digital debt manager CrediBook, were selected for the supply chain management services category, as they could provide such services to around 72,000 small businesses across the country, according to the ministry.Teten said the program would help the government meet its target of having 10 million small businesses adopt digital technology this year, in part to adapt to mobility restrictions necessitated by the COVID-19 pandemic.Indonesia’s economy relies heavily on small businesses, which account for more than 60 percent of the gross domestic product (GDP) and employ a majority of the labor force. Small businesses have been hit hard by the COVID-19 outbreak, as the economy shrank by 5.32 percent year-on-year (yoy) in the second quarter of this year.A Mandiri Institute study shows that digitalized micro, small and medium enterprises (MSMEs) can help Indonesia significantly reduce the GDP impact of the pandemic.last_img read more

29 Sep

Railways Pension Scheme ramps up exposure to growth assets

first_imgThe Railways Pension Scheme (RPS) increased its exposure to growth assets significantly in 2013 and looked to take advantage of rallying equity and economic markets, according to its annual report.The fund, a multi-employer defined benefit (DB) scheme for the British rail industry, continued to benefit from global equities while reducing its liability-driven investment (LDI) portfolio.After reaching a total of £18bn (€23bn) at the end of 2013, an increase of 6.8%, it now allocates less than 1% to LDI strategies and only 12.5% to its defensive and bond strategies.Over 2013, the fund reduced its LDI exposure by 54%. The fund is also examining its investment beliefs and reviewing the use of pooled funds, which it uses for all asset classes.Derek Scott, chairman of the scheme, said the board was engaging with the pensions committee, employers and stakeholders before proposing a new investment and pooled fund strategy, after also reviewing investment beliefs.RPS made significant shifts in diversification as it reduced its global equities portfolio by 65%, moving the majority of the assets into its mixed-asset growth portfolio.The growth portfolio pooled fund changes allocations depending on the scheme’s risk budget, allocating to equities, corporate bonds, property, commodities, hedge funds and reinsurance.It returned 8.6%, accounting for 61% of total assets, much of which was down to the performance of global equities.Its standalone global equities portfolio, made up of active and passive mandates, returned 23% over the year and now accounts for £1.2bn, or 6.7%, of the fund.This was despite the £1.5bn redemption of assets moving to the lower-returning growth portfolio.Its £1.9bn private equity holdings returned 11.4%, which the fund said was less than the benchmark.“There is often a significant time lag for revised information on underlying investments to flow through to valuation,” RPS said.“Therefore, due to this lag, the return for 2013 has not fully captured the rally in equity markets.”The fund also made positive returns in infrastructure and held £876m in assets at the end of 2013, after returns of 21.3%.Property returned 11.5%.However, the fund’s defensive pool of assets, which it set up in 2012 to “facilitate risk reduction”, lost 1.1% after investing in sovereign and corporate bonds, both which suffered drops in value.Scott said the investment returns were “reasonably strong”, with the growth fund boosted by double-digit equity returns.He also pointed out that the growth fund – which underperformed benchmark – was not designed to match the performance of equities but to “balance the risks and volatile returns”.last_img read more