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first_imgBali Governor I Wayan Koster has said he would revoke Badung Tourism Agency’s decision to reopen two beaches in Badung regency for foreign surfers.”I’ll inform the head of [Badung] tourism agency that we haven’t reopened our tourism yet. I disagree [with the reopening] and the decision should be annulled,” Koster said on Tuesday as reported by kompas.com.Koster said he had issued a circular that regulates the closure of tourist destinations in Bali until further notice and he had not yet revoked it.”We had instructed to close tourist attractions through a circular and we have not reopened them yet,” he said.On Monday, Badung Tourism Agency opened access to two beaches in Badung regency, Canggu Beach and Labuan Sait beach, for foreign surfers.Read also: Hotels in Bali brace for travel-restriction relaxation, ‘new normal’The agency head, I Made Badra, said the beaches were still off limits to domestic tourists and non-surfers.”The foreign surfers are stressed-out after staying indoors for three months, so we gave them a little leniency as long as they follow health protocols,” Badra said. “[Before entering the beaches], they had to be examined in Balawista posts and by the [COVID-19] task force of the two villages where the beaches are located.”He also said that all foreign surfers were required to wear face masks.”We’ll check the temperature of each visitor, those who have a high temperature will be taken to the nearest community health center [Puskesmas] immediately,” Badra said.As of Monday, Bali recorded 482 cases of COVID-19 with five fatalities and 334 recoveries. (nal)Topics :last_img

first_img“At this time, we are collaborating closely with SKK Migas to prepare the technical implementation,” a CPI spokeswoman told The Jakarta Post on Thursday.“We are grateful for the government’s direction and initiative to provide solutions to invest to optimize national oil production,” she added.SKK Migas had previously ordered Chevron to drill 11 new oil wells in November this year. The new wells are expected to boost block output by 3,000 bopd, prior to the takeover.Despite being one of the country’s most celebrated blocks,  Rokan block’s output has steadily declined over the past few years due to the natural exhaustion of reserves.The government expects nationalizing the block to maintain production levels, which saw a landmark decline of 9.2 percent year-on-year to 190,131 bopd in 2019. Prior to 2019, the oil block was the country’s most productive.Topics : He went on to say that PHE, a subsidiary of state-owned oil giant Pertamina, would continually drill new wells in the aging Rokan block in pushing production up to 200,000 bopd. He did not mention a timeline.The block yielded 190,131 bopd last year under the helm of PT Chevron Pacific Indonesia (CPI), a subsidiary of one of the world’s biggest oil companies, Chevron.Pertamina will be taking over the 50-year-old block, which is the country’s second-most productive oil block, from CPI next year, when the latter company’s permit is slated to expire.Pertamina, Chevron and the Indonesian government, through the Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas), have formed a steering committee to ensure Rokan’s smooth takeover, defined as one without a sharp drop in output. Pertamina Hulu Energi (PHE) aims to produce between 170,000 and 180,000 barrels of oil per day (bopd) from the celebrated Rokan block in Riau once it takes the block over next year.PHE president director Budiman Pahursip said on Wednesday the company aimed to maintain such output levels by drilling new oil wells starting “the first day” of the takeover, which is on Aug. 8, 2021.“This is important during a takeover to ensure production does not drop sharply,” he said during a webinar hosted by extractive industry watchdog Publish What You Pay (PWYP) Indonesia.last_img

first_imgVogel acknowledged that the bank, after holding talks with the industry, could conclude that this would make sense only for certain Durchführungswege – including Pensionskassen and Pensionsfonds – but this, he said, “remains to be seen”.He stressed that KAS Bank would take “small steps” on the question of transparency in Germany, as the industry was “not nearly as experienced” in collecting these data sets as its Dutch counterpart.Vogel said that, eventually, more in-depth data such as, for example, target fund costs in fund-of-hedge-fund structures, could be used in a portfolio optimisation analysis.“The pension industry knows it has to increase cost transparency,” he said.“The question is how.” The financial assessment framework (FTK) for second-pillar pensions in the Netherlands could be successfully “exported” to Germany with a few “adaptations”, according to KAS Bank.Frank Vogel, managing director of KAS Bank Germany, told IPE the banking group’s Germany subsidiary was now considering to “bring Dutch expertise” to the country.One of the models he wants to apply is the FTK’s cost-transparency regulation, which includes “a simple catalogue on how to collect data on costs”.“We are now in talks with German pension funds and associations trying to gauge which data can be reported, which makes sense and what is possible for which form of pension fund,” he said.last_img

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