Pertamina expects to begin running Cilacap biorefinery in 2021

first_imgState-owned oil giant Pertamina expects its new biofuel refinery in Cilacap, Central Java, to begin first-phase operations next year as part of the government’s biodiesel push.The facility will have a “small capacity” of 3,000 barrels per day (bpd) but the output will be “100 percent made from crude palm oil,” said Ignatius Tallulembang, president director of Pertamina’s refinery arm, PT Kilang Pertamina Internasional (PT KPI), on Wednesday.“Late next year we will have a capacity of 3,000 bpd. We will raise the capacity to 6,000 bpd by 2022,” he told House of Representatives lawmakers in Jakarta. The biorefinery is small compared to Pertamina’s headline oil refinery projects, whose output levels are over 100,000 bpd each. Such projects include another refinery in the Cilacap compound from which development partner, Saudi Arabia’s Aramco, recently pulled out.“We will focus on our biorefinery first,” said Ignatius.The Cilacap refinery will support the government’s ongoing 30 percent palm oil-mixed (B30) biodiesel program meant to slash Indonesia’s oil imports, which are a major contributor to the country’s gaping trade deficit.However, the palm oil industry behind B30 has also been linked to deforestation and raging forest fires that environmentalists warn may offset carbon emission reductions from reducing oil consumption.Topics :last_img read more

Bayside living is proving popular with developments nearing sellout

first_imgVilla World is reporting strong buyer demand in Thornlands.SELLOUT is expected to be only weeks away at Villa World’s two Thornlands projects in Brisbane’s bayside with local buyers driving the sales.Affinity and Waterline are two developments among five undertaken by Villa World in the area with sales being buoyed by sought-after views of the Moreton foreshore.Villa World development manager Peter Johnson said there had been consistenly strong sales at Waterline with only 11 lots remaining.“We are selling on average eight properties per month,” Mr Johnson said. “With the Waterline demographic largely comprising Redland Bay locals who are looking to downsize to an area close to shops and transport.”Set to be home to around 230 families, Villa World is expecting Waterline to sell out by the end of March or early April at the latest.The residential community offers house and land packages as well as land-only options.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoEstates in Thornlands are in high demand.Affinity is also nearing sellout with only 20 lots remaining of its 118 up for grabs.Affinity development manager Andrew Ashwood said the development offered elevated lots in a natural bushland setting.“We are into the final stage of this development which is in a highly sought-after location with limited availability,” Mr Ashwood said.“Affinity offers prestigious, elevated land, giving buyers great options to build their dream home.” Young families local to the area have been snapping up the majority of sales at Affinity with lot sizes ranging from 300sq m to 697sq m with a starting price of $299,000.The developer’s latest project in the Bayside region is Seascape at Redland Bay, where townhomes just 650 metres from the water’s edge, are now selling from $445,000.last_img read more

Vipers out to reclaim top spot in Azam Uganda Premier League

first_imgAzam Uganda Premier LeagueVipers SC vs Masavu FCSt. Mary’s Stadium, KitendeTuesday, 24-04-2018 @04:30pmVipers SC welcome Masavu FC at the St. Marys stadium in Kitende knowing that victory will see them move to the top of the Azam Uganda Premier league.The Venoms who last tasted league glory in 2017 go into the fixture three points behind the leaders SC Villa but any sort of victory will see Miguel Da Costa’s men move top as they are currently only a goal behind the Jogoos in terms of goal difference and have scored four more than them(Villa).Assistant coach Edward Golola will take charge from the suspended head coach Miguel Da Costa after the Portuguese was given a four match suspension following confrontations with the referee during and after the 0-0 draw at Bul early this month.Edward Golola will be on the touchline following Miguel Da Costa’s suspension.Vipers will welcome back left back Dan Birikwalira who missed the trip to Masaka through injury but will be without the services of the suspended duo of Tadeo Lwanga and James Alitho.Lwanga will return on Friday as his suspension is for only one game due to accumulation of yeloow cards but Alitho is on a four match ban for unsporting conduct after he assaulted the assistant referee against Bul.Speaking ahead of the game, Vipers assistant coach Edward Golola had this to say.“It’s an important week for us since we have 5 games in 10 days and we have to attach a lot of importance in the remaining fixtures starting with Masavu FC tomorrow.”“The team is ready for the match on Tuesday that is what I can assure everyone.“Masavu have players who can decide a game at any given moment and it will be a tough encounter since they are fighting relegation.Masavu go into the encounter bottom of the league but three points will see them move to 13th as Express who are currently occupying the spot are just two points ahead of the Entebbe side.Match Stats:This is the second Entebbe Road derby between these two sides, the first one ended in a 2-0 victory for Vipers at the Fisheries Institute in Bugonga.The first game ended 2-0 in favor of Vipers(courtesy pic)Vipers head into the game unbeaten in their last 13 games in all competitions (W11 D2). The Venoms last tasted defeat at home to URA in November last year.In the league, they have gone 10 games without losing, winning eight and drawing two in the process.Vipers have been exceptional at home for a while now, losing only one of their last 18 league games (W13 D4).For Masavu, they have won only one of their last 11 fixtures in all competition (D6 L4). That victory came in their last league fixture at home to Soana.They have won only two of their 12 away fixtures in the league this season (D4 L6).Other Matches to be played on Tuesday:-KCCA FC vs URA FC @04:00pm-Soana FC vs Proline SC @04:30pm-UPDF FC vs Bul FC @04:30pmComments Tags: Azam UPLBul FCedward gololajames alithomasavu FCmiguel da costatadeo lwangavipers sclast_img read more

Half-time: West Ham 0 Chelsea 1

first_imgEden Hazard’s close-range header gave Chelsea a half-time lead.The Premier League leaders played with supreme confidence early on and could easily have gone ahead had 17-goal striker Diego Costa not fired over the bar after a glorious move.West Ham responded, with Cheikhou Kouyate forcing a fine close-range stop from the recalled Thibaut Courtois.But the Blues, with Oscar restored to the side and Kurt Zouma once again playing in midfield, were dominating possession and constantly probing the home defence.And Hazard deservedly headed them in front after a fine counter-attack saw the Belgian head home an enticing Ramires cross.Costa was then denied the chance to get a shot away by Carl Jenkinson when through on goal while the Hammers wasted a wonderful chance when Diafra Sakho’s weak header from six yards was saved by Courtois.Chelsea: Courtois, Ivanovic, Cahill, Terry, Azpilicueta, Ramires, Zouma, Fabregas, Oscar, Hazard, Costa. Subs: Cech, Luis, Willian, Cuadrado, Loftus-Cheek, Drogba, Remy . Follow West London Sport on TwitterFind us on Facebooklast_img read more

Are Smartwatches For Real Or A Head Fake?

first_imgThe road to wearable watches has been long and bumpy, leading some to wonder whether this technology will ever be deployed.The Financial Times is reporting that Apple is “aggressively” hiring team members to work on the so-called iWatch.The company has begun hiring “aggressively” for the project in recent weeks, say people familiar with Apple’s plans for the wearable device, a move that shows it has stepped up development but which raises questions over the ability of its own engineers to develop wearable technology.Meanwhile, The Verge is reporting that Microsoft’s existing smartwatch team is being re-organized into the Microsoft Surface team.Sources familiar with Microsoft’s Surface plans have revealed to The Verge that the company is now prototyping devices directly under the Surface team as the firm moves its wrist-worn device closer to reality.This move is part of Microsoft’s larger reorganization, but it underlines the seriousness with which Microsoft is giving the prospect of a smartwatch project.Clearly, the two tech companies haven’t consulted with our esteemed leader, who has his own objections to the notion of wearable computers on wrists. But beyond the market drivers for wearable computers, the constant buildup and positioning does lead us to wonder if a true smartwatch is even possible.The surge towards wearable computing devices is capturing a lot of attention among the major tech companies, as no one seems to want to be the one to get caught without a decent wearable device. To date, Apple, Microsoft and Samsung seem to be taking the path towards watches, while Google experiments with the Glass device.See also Arm Race: Samsung To Build A Smartwatch TooWhat remains to be seen is whether any of these devices will actually get built. Sometimes the whole “arm race” to launch a smart wrist device has the feel of the end of another arms race, when U.S. President Ronald Reagan proposed the Strategic Defense Initiative in 1983.SDI, derisively known as “Star Wars,” would be strongly criticized in the Western media, but taken seriously by the Soviet Union as a viable challenge to the centerpiece Mutual Assured Destruction strategy of the Cold War. The USSR would spend billions to try to counter such a project which would supposedly contribute to the military overspending that would lead to the collapse of the USSR.History is unclear whether Reagan was simply bluffing the Soviets, but there is a strong case that he was. Similarly, there is a strong sense of history repeating itself when we see leaked plans for smart watches from companies like Apple. Is the iWatch really on its way, or is this all one big plan to distract other companies from making better progress in the tablet and smartphone sectors?Image courtesy of Shutterstock. Tags:#Apple#Google#Microsoft#Samsung#smartwatch Related Posts Why IoT Apps are Eating Device Interfaces brian proffittcenter_img What it Takes to Build a Highly Secure FinTech … Role of Mobile App Analytics In-App Engagement The Rise and Rise of Mobile Payment Technologylast_img read more

9 months agoMonaco boss Henry targets reunion with Chelsea striker Batshuayi

first_imgTagsTransfersAbout the authorFreddie TaylorShare the loveHave your say Monaco boss Henry targets reunion with Chelsea striker Batshuayiby Freddie Taylor9 months agoSend to a friendShare the loveMonaco have joined the race to sign Chelsea striker Michy Batshuayi.The Belgian’s loan with Valencia was cut short on Thursday.He scored just once in 15 appearances for Los Che, but that hasn’t stopped a number of teams expressing an interest in his services.Everton and Marseille have been linked, and L’Equipe claims that a reunion with his former Belgium coach Thierry Henry could eventuate for Batshuayi.Henry is working hard to revamp his squad for the second-half of the season and could use an experienced goalscorer like Batshuayi. last_img read more

Contrast this with senators and congressmen who st

first_imgContrast this with senators and congressmen who stay in office for decades on end, selling all sorts of favors, amassing multi-million dollar campaign funds, and making themselves rich in the process. Most of them never really go away. At this point, our philosophical forefathers would be looking for places to buy torches… and they would be ready to beat anyone who called a system that supports such shenanigans a democracy.#4: Citizens chosen for positions like overseer of the marketplace were chosen completely at random. The word democracy is held in awe these days. Mention it almost anywhere and you’ll get instant nods of approval. People actually believe that democracy gives us harmony and peace, not to mention wealth. They are sure that it is the ultimate and inevitable end of human development, created by the wise and noble Greeks and given to us, the enlightened society that took it to the ends of the Earth! But if the ancient Greeks could see what we call ‘democracy,’ they would spit at it. They’d probably want to burn it down. As many problems as they had (and they had plenty), they were not fools, and it wouldn’t take them a day to condemn what the West now worships. Why would the old Greeks be so upset? Let’s take a look at their (Athenian) system and see how our modern form stacks up: #1: Greek citizen assemblies met 40 times per year in an open, public forum. Any citizen could speak and any citizen could vote. A vote of those present was final. Have you paid attention to the DC crowd lately? Have you noticed that they never leave? Instead, they slide back and forth between congress, commissions, agencies, lobbying firms, mega-corps and media. Have you noticed how often their children marry each other? Imagine choosing the boss of the IRS at random. We all know what would happen: You’d get a housewife from Portland one year and a plumber from Topeka the next. And they’d act like humans, rather than unfeeling automatons. The sanctimonious abuser state would crumble.#5: At the beginning of their democracy, the citizens of Athens were divided into ten tribes (and NOT along regional or family lines). This was done specifically to break the power of the aristocratic families. Because of this, the Greeks would be insulted when you assured them that we have “the rule of law.” They would say that when people can’t know the law, they are living in a tyranny, and no amount of fancy argumentation would convince them otherwise. And, again, they would be right. If you are ignorant of the law (80,000 pages of government-speak) but are still subject to punishment under the law, you are living in a tyranny. The founders would have no confusion about that.#3: A Council oversaw the daily affairs of the democracy. Each of ten tribes provided 50 men. But, only one tribe’s men (50 of them) served at any one time, and only for one month. (The Greeks had ten months in their year.) And once any person served as a Councilor, they were forbidden from serving again for ten years. That’s called “aristocracy.” However, people who are emotionally bound to the system can’t see it. The Greeks certainly wouldn’t be fooled.Losing Our Religion Do you remember a haunting song from the 90s called Losing My Religion? If so, cue that up in the back of your mind, because that’s what stands in front of the people of the West. The majestic “Democracy” that was supposed to be our savior is actually an abusive fraud. It’s time to let it go. That’s not easy, I know, but it needs to be done. Will you take the first step? Paul Rosenberg FreemansPerspective.comcenter_img Under this arrangement, playing tricks became almost impossible: as soon as the first of the month came along, the next tribe could turn your tricks around and do worse to you. If you were to take an ancient Greek to see “our laws,” they’d be looking at more than 80,000 pages of almost indecipherable language. (And those would be only the Federal laws.) The citizen is clearly unable to participate or even to understand what’s going on. Just this fact would cause the “fathers of civilization” to pronounce our system a fraud, and rightly so. The citizens are non-participants.#2: Laws were inscribed on stone pillars (stelae) and posted in prominent locations so that everyone would see them. Contrast that with what passes for (American) democracy now: Only special people are allowed to attend the assemblies. On top of that, there are far, far more meetings than anyone could hope to follow: General sessions, meetings for dozens of committees, party caucuses and more, running at all hours. No one person can come remotely close to keeping up with it all. Greek laws were accessible to every Greek. Not only were they required to be posted, but this requirement also guaranteed that there couldn’t be too many of them. Look at the Presidential lineup: Bush – Clinton – Bush – Obama – Clinton? – Bush?last_img read more

CASEY Severe but survivable event coming

first_img CASEY: “Severe but survivable” event coming This event will have repercussions on everything from how and where you shop and seek medical care…to how you invest and receive fixed income benefits, such as Social Security. Click here to learn more. Is it time to buy beaten down energy stocks? Energy prices have collapsed over the past 19 months. Last week, oil closed below $27 for the first time since 2007. Oil is now down 70% since June 2014. The price of natural gas has dropped 53% over the same period. Last month it hit $1.74, its lowest price since 1999. Shares of giant U.S. energy companies have crashed… Since June 2014, Exxon Mobil (XOM), the largest U.S. oil company, has fallen 25%. Chesapeake Energy (CHK), the largest U.S. natural gas company, has plummeted 89%. Halliburton (HAL), the largest U.S. oil services company, has plunged 56% since June 2014. Oil services companies sell “picks and shovels” to the oil industry. •  Kinder Morgan’s (KMI) stock has tanked… Kinder Morgan is the largest U.S. pipeline company. It operates 84,000 miles of oil and natural gas pipelines. Companies pay Kinder to transport oil and gas through its pipelines. In the early stages of the energy collapse, brokers sold Kinder stock as a less-risky way to invest in energy. Investors looking for safe income piled in. In 2014, Kinder Morgan paid a 4.8% annual dividend yield…2.5 times higher than the S&P 500’s dividend yield of 1.92%. Big energy companies’ profits depend on oil and gas prices. But as a “toll road” that makes money based on the volume of oil and gas it moves, Kinder should be able to withstand low oil and gas prices. At least that was the theory… In reality, crashing oil & gas prices have slammed Kinder’s business. Last year, the company’s first-quarter sales dropped 11% from the year before…second-quarter sales dropped 12%…and third-quarter sales dropped 14%. Last Wednesday, Kinder Morgan’s stock hit an all-time low of $12.01. That’s a 73% decline in less than two years. •  After Wednesday’s close, Kinder Morgan reported an 8% drop in fourth-quarter sales… The company lost $0.29 per share. It was the worst quarterly loss in the company’s history. •  Many investors were caught off-guard when Kinder Morgan’s stock tanked… Market Watch reported last month: Pipeline and fuel storage companies have been prized by many investors as the safest way to invest in the U.S. shale boom. But the companies paid out most of their available cash to shareholders eager for reliable dividends, which left many of them with large debt loads and at the mercy of lenders’ and investors’ willingness to continue lending to fund new projects. Until recently, borrowing or raising more money hasn’t been a problem. The fees that pipeline companies charge brought in steady, toll road-like revenue, and the companies were much loved by yield-hungry buyers, often wealthy retirees, who wanted steady dividends with little risk. Now that oil and gas prices have plummeted to less than half their 2014 peak, lenders could be tightening their requirements to tap more capital. •  On its earnings call, Kinder Morgan announced major spending cuts… The company slashed this year’s capital spending budget from $4.2 billion to $3.3 billion. Last month, the company cut its quarterly dividend by 75%. It was the first time in company history that Kinder cut its dividend. As Casey readers know, Kinder Morgan is one of many major energy companies to cut spending recently. According to banking giant Barclays, global energy producers cut spending by 23% last year and plan to cut another 15% this year. New Law Cracks Down on Right to Use Cash The U.S. government is trying to restrict your access to cash. But not for the reason you think…According to leaked evidence, it’s much, much worse. We’ll let you know when oil and gas stocks start to carve out a bottom. Chart of the Day Are gold miners carving out a bottom? Today’s chart shows the performance of the Market Vectors Gold Miners ETF (GDX), which tracks the performance of major gold mining stocks. Gold miners are leveraged to the price of gold. When the price of gold jumps, shares of major gold miners can jump two or three times more. GDX has been in a downtrend since gold peaked in 2011. In the summer of 2015, it started to carve out a bottom. As you can see, the price held above $13 for about six months. However, GDX recently broke below $13 and hit a new low. Although it didn’t drop much below $13, this is a reason to invest with caution. It’s a possible sign that the carved bottom won’t hold. We’re optimistic on gold miners. GDX has fallen 80% since 2011, making gold stocks extremely cheap. When gold stocks rally, the gains could be huge. However, we’re taking a cautious stance for now while we wait to see if this recent bottom holds. Recommended Links Regards, Justin Spittler Delray Beach, Florida January 25, 2016 We want to hear from you. If you have a question or comment, please send it to [email protected] We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful.center_img •  Investors were happy with Kinder’s cost-cutting plan… Kinder Morgan’s stock jumped 15.6% on Thursday. It was the stock’s best day ever. And it climbed another 11% on Friday. The rally has many investors calling a bottom in Kinder stock. Barron’s published a story over the weekend titled “Kinder Morgan Hits Bottom”… We think these calls are premature. The chart below shows the performance of Kinder Morgan’s stock since the start of 2014. You can barely see the recent spike in Kinder’s stock price… •  The energy market is highly cyclical… It goes through huge booms and busts. Today, the energy market is in a major bust. As Casey readers know, large oil and natural gas deposits (and the companies that own oil & gas infrastructure) are some of the most valuable assets on the planet. Owning these top resource companies can make you rich…if you buy at the right price. Buying top resource companies at bargain prices is a key strategy we use to build lasting wealth. •  But we’re not buying Kinder Morgan stock yet… Kinder Morgan stock is still plummeting. And it’s extremely risky to buy a stock that’s plummeting. Instead, we like to buy stocks that have “carved out a bottom.” “Carving out a bottom” is a simple concept. A stock in a downtrend carves out a bottom when it stops falling, forms a bottom for a period of time…and then starts climbing higher. A stock that’s carving out a bottom should hold above a certain price for a significant amount of time. This is a key signal that buyers are stepping in at this price, giving the stock a floor. The chart below shows video streaming giant Netflix (NFLX) carving out a bottom. It traded in a range for 17 months before finally breaking out in January 2013. The stock went on to gain 257% over the next 11 months. – —last_img read more

USA Today published an opinion column by President

first_imgUSA Today published an opinion column by President Trump Wednesday in which the president falsely accused Democrats of trying to “eviscerate” Medicare, while defending his own record of protecting health care coverage for seniors and others.The column — published just weeks ahead of the midterm elections — underscores the political power of health care to energize voters. But it makes a number of unsubstantiated claims.Here are 5 points to know1. The political context: Health care has emerged as a dominant issue on the campaign trail in the runup to the November elections. According to the Wesleyan Media Project, which tracks congressional advertising, health care was the focus of 41 percent of all campaign ads in September, outpacing taxes (20 percent), jobs (13 percent) and immigration (9 percent). Democrats are particularly focused on health care, devoting 50 percent of their ads to the issue, but health care is also a leading issue in Republican commercials (28 percent), second only to taxes (32 percent).Perhaps sensing that Democrats are gaining traction, Trump has decided to go on the attack, targeting the Democratic proposal known as “Medicare for All.”2. Cost of the plan: Trump claims that expanding the federal government’s Medicare program would cost $32.6 trillion over a decade. But as Business Insider reports, that would actually be a discount compared with the nation’s current health care bill.Trump’s figure was calculated by the libertarian Mercatus Center, but he fails to note that total health care spending under Medicare for All would be about $2 trillion less over the decade than currently projected. The federal government would pay more, but Americans on the whole would pay less.Remember that the U.S. already spends far more per person on health care than does any other country. And when you count the tax break for employer-provided insurance, the federal government already pays about two-thirds of this bill. But because of the fragmented private insurance system, the government gets none of the efficiency or buying power that a single-payer system would provide.3. Health care rationing: Trump claims — with no supporting evidence — that “the Democratic plan would inevitably lead to the massive rationing of health care. Doctors and hospitals would be put out of business. Seniors would lose access to their favorite doctors. There would be long wait lines for appointments and procedures. Previously covered care would effectively be denied.”Detailed implementation of any single-payer plan would of course be subject to substantial negotiation. But the Medicare for All bill drafted by Sen. Bernie Sanders, I-Vt., states explicitly that “Nothing in this Act shall prohibit an institutional or individual provider from entering into a private contract with an enrolled individual for any item or service” outside the plan.4. Pre-existing conditions: Trump notes that as a candidate, he “promised that we would protect coverage for patients with pre-existing conditions.” In fact, Trump and his fellow Republicans tried — unsuccessfully — to repeal the Affordable Care Act, which guarantees insurance coverage for people with pre-existing conditions. GOP plans would leave it up to the states to craft alternative protections. In addition, Republican attorneys general have sued to overturn Obamacare’s protections, and the Trump administration has declined to defend them.America’s Health Insurance Plans, the trade group for the insurance industry, warns that ending the Obamacare guarantee could result in hardship for the estimated 130 million Americans under 65 with pre-existing conditions.”Removing those provisions will result in renewed uncertainty in the individual market, create a patchwork of requirements in the states, cause rates to go even higher for older Americans and sicker patients, and make it challenging to introduce products and rates for 2019,” AHIP said in a statement in June.5. Strength of Medicare: Trump writes that “Democrats have already harmed seniors by slashing Medicare by more than $800 billion over 10 years to pay for Obamacare. Likewise, Democrats would gut Medicare with their planned government takeover of American health care.”He is repeating a claim that was widely debunked during the 2012 election. The Affordable Care Act actually strengthened the solvency of Medicare, but it has since been weakened again by the GOP tax cut.The president is trying to play on the fears of seniors — who vote in large numbers — with the claim that any effort to improve health security for younger Americans must come at their expense. But that is a false choice. Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more