Most small businesses could shut down in six months due to COVID-19: UNIDO

first_imgThe majority of small businesses might have to shut down within six months, as the restrictions aimed at containing COVID-19 are bringing the Indonesian economy to a standstill and destroying their revenues, according to a survey by the United Nations Industrial Development Organization (UNIDO).Some 60 percent of small businesses might only survive six months if the pandemic restrictions were still in place, according to the survey, which involved 147 small businesses and was conducted between June and July.“There is a set of relevant policies that can be drafted based on the findings of the survey, to help industries and SMEs [small and medium enterprises] to overcome the impacts of COVID 19,” Esam Alqararah, the UNIDO representative for Indonesia and Timor Leste said in a statement on Tuesday. UNIDO suggested that the government offer a wage subsidy to help small businesses retain their workers, while also doubling down on its collaboration with e-commerce platforms to help SMEs keep selling their products amid the pandemic restrictions.“Industry 4.0 can also enhance the SME supply chain, business performance, improve digital enterprise, open new manufacturing, technological career opportunities and integrate the human capacity in the digital world too,” Alqararah said, referring to the fourth industrial revolution.Indonesia’s small businesses, which employ the overwhelming majority of the national labor force and contribute around 60 percent to the country’s economy, have been battered by the COVID-19 crisis.While a Mandiri Institute study shows that digitalized small businesses are more resilient in the global health crisis, the number of small businesses on digital platforms only amounts to around 9 million, or 14 percent of all small businesses, according to the Cooperatives and SMEs Minister Teten Masduki, quoting data from the Communications and Information Ministry. Read also: Govt bootcamp to prep 30 startups to give SMEs a digital leg upThe government has also earmarked Rp 123.46 trillion (US$8.3 billion) for micro, small and medium enterprises (MSMEs) as part of its coronavirus relief package. As of Sept. 28, the government had disbursed Rp 79.06 trillion, 64 percent of the budget.Meanwhile, it has also disbursed nearly Rp 16 trillion, around 72.4 percent, of the budget to 6.6 million MSMEs under the government’s productive social assistance program, according to Budi Gunadi Sadikin, the head of the national economic recovery committee on Wednesday.“In line with the President’s order, we are paying attention to MSMEs because they were the support of Indonesia’s economy in previous crises,” said Budi, who also serves as deputy state-owned enterprises minister, in a separate virtual presser.UNIDO suggested the Indonesian government improve businesses’ awareness of access to its relief package.UNIDO’s survey also found that 92 percent of the surveyed micro enterprises were expecting a more than 50 percent year-on-year (yoy) fall in revenue, leaving them the most severely hit sector.The majority of the micro businesses told the survey they would support the government in issuing a policy that could reduce rent and utility costs to cushion the pandemic’s impact.However, around half of the surveyed small businesses were expecting to recover in a month as the pandemic ended, 27 percent expected two to three months, 14 percent four to six months and the remaining 5 percent, more than six months.Ikhsan Ingratubun, the chairman of Indonesian MSME Association (Akumindo), said that based on the facts he had gathered from his members, many could only survive for three months during the pandemic-induced revenue slump.“We have faced this since February or March. Many closed in June,” Ikhsan told The Jakarta Post in a phone interview on Wednesday,“If their revenue remains only 10 to 15 percent [of the normal levels], it will not be enough to fund their expenses. We therefore estimate they will only last three months,” Ikhsan added.However, how long small businesses can survive the pandemic may differ from one region to another, according to the chairman.Topics :last_img read more

Lipscomb, N. Fla. meet in Atlantic Sun semis

first_imgVARYING EXPERIENCE: North Florida has been fueled by senior leadership while Lipscomb has leaned on freshmen this year. Seniors Ivan Gandia-Rosa, Garrett Sams, Wajid Aminu and JT Escobar have collectively accounted for 63 percent of North Florida’s scoring this season. On the other side, freshmen Ahsan Asadullah, Michael Buckland and KJ Johnson have scored 55 percent of the team’s points this year and 78 percent of all Bisons points over their last five.KEY CONTRIBUTOR: Asadullah has had his hand in 64 percent of all Lipscomb field goals over the last three games. The sophomore big man has 33 field goals and 20 assists in those games.SLIPPING AT 75: Lipscomb is 0-9 when it allows at least 75 points and 15-6 when it holds opponents to less than 75.STREAK SCORING: North Florida has won its last seven home games, scoring an average of 81.3 points while giving up 67.9.DID YOU KNOW: Lipscomb and North Florida are the class of the Atlantic Sun when it comes to scoring. The Bisons are ranked second in the conference with 70.8 points per game while the Ospreys are first at 78.5 per game. Lipscomb, N. Fla. meet in Atlantic Sun semis Share This StoryFacebookTwitteremailPrintLinkedinRedditLipscomb (15-15, 10-7) vs. North Florida (21-11, 14-3)Atlantic Sun Conference Tourney Semifinals, UNF Arena, Jacksonville, Florida; Thursday, 7 p.m. ESTBOTTOM LINE: A ticket to the Atlantic Sun championship game is ready to be punched as Lipscomb and North Florida are set to do battle. The teams split the regular season series at one win apiece. The teams last went at it on Feb. 22, when Lipscomb made only four 3-pointers on 12 attempts while the Ospreys went 15 for 34 behind the arc on the way to an eight-point victory. ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comcenter_img March 4, 2020 Associated Press last_img read more

Troubled Stars face Egypt in Alexandria

first_imgAs at Wednesday night, the players were comfortably staying in the hotel after returning from their last training session at the Borg el Arab Stadium even as the hotel waits for the bills to be cleared.But, that notwithstanding, Stars have a gigantic task ahead of them as they go in search of back to back qualifications to the Cup of Nations.Head coach Francis Kimanzi believes it will be a tough tie, even as the real litmus test of his tenure starts. Kimanzi was appointed in August to take over from Frenchman Sebastien Migne who was fired after Kenya failed to qualify for the African nations Championship (CHAN).Kimanzi has been in charge for two matches, a 1-1 draw with Uganda and a 1-0 loss to Mozambique, both in friendly matches in Nairobi.“Both Kenya and Egypt are in transition because I was also not the head coach for the last AFCON just like Egypt have a new coach. History favors them as they have been dominant in Africa but that will be a motivation for us, that we are playing against one of the best teams in the continent,” Kimanzi told Capital Sport.He added; “It is the first round so we can’t panic much. We know we can do it but it is all about the character we have to put on the ground on Thursday.”Harambee Stars head coach Francis Kimanzi during a past training session at the Kasarani Stadium. PHOTO/Timothy OlobuluKenya has always not fared well against North Africa opposition, more so at their own backyard.But that besides, Stars have a dream to qualify for the Cup of Nations again.“We have been there, we know how it feels and we definitely want to be back there again. It will be a tough match but as players we are ready for the task ahead. We have a good squad which has a good blend of new and experienced players and all we will play for is a positive result,” skipper Victor Wanyama opined.The Egyptians will be without star player Mohammed Salah who has been ruled out with an ankle injury but even in his absence, the Pharaohs are still a strong outfit.Mahmoud ‘Trezeguet’ Hassan has been in fine form for his club Aston Villa and will be looked at as the man to get the goals for the home side.Stars will meanwhile rely on the ever present Michael Olunga who has been in hot form for his Japanese second tier club Kashiwa Reysol and he is expected to carry his goal scoring form to Egypt.Harambee Stars forward Michael Olunga powers past Mozambique’s Francisco Muchanga during an international friendly match at the Mou Sports Centre Kasarani on October 13, 2019. PHOTO/Timothy OlobuluJesse Were is also in the fray and despite also enjoying good form in Zambia with Zesco United is yet to score a goal for the national team, a statistic that saw him alienated by former coach Migne who openly stated he was not the right man for Stars.The only major absentee for Kimanzi’s charges will be defender Brian Mandela who is still recovering from a knee injury he picked before the 2019 AFCON. His absence was seen when Kenya lost two matches against Senegal and Algeria.But, he will continue relying on the partnership of Joash Onyango and youngster Joseph Okumu who paired in both friendly matches against Uganda and Mozambique.A positive result away in Alexandria will be a welcome boost for Stars who will travel home to take on Togo on Tuesday night in a schedule that is set to test the endurance of Kimanzi’s charges.But, the tactician is unfazed.“We all have the same situation but if we are lucky enough in the two matches, then we can go back home with a small edge,” Kimanzi said.0Shares0000(Visited 24 times, 1 visits today) 0Shares0000Harambee Stars players during a past training session at the Kasarani Stadium. PHOTO/Timothy OlobuluNAIROBI, Kenya, Nov 13 – Harambee Stars will look to put a troubled pre-match build up behind their backs as they start their campaign to qualify for the 2021 African Cup of Nations with the opening Group G match against Egypt’s Pharaohs in Alexandria on Thursday night.Stars have allegedly not yet paid for their accommodation in Alexandria due to the ongoing tussle between Football Kenya Federation boss Nick Mwendwa and Sports Ministry principle secretary Kirimi Kaberia and they might be blocked from leaving unless the dues are paid.last_img read more

Here is a collection of True Mothers Words to mem

first_imgHere is a collection of True Mother’s Words to members since True Father’s Assension to the spirit world (from September 2012 to December 2014)True Mother: “….You have a treasure that no one else on earth possesses. You have very important seeds, which I have given to you. What are they? The three great scriptures and the Cheon Il Guk Constitution. Do you know what a great miracle those are? Armed with those treasures, and depending on the type of plan you develop for this spring and whether or not you plant seeds, you can show the world such great power, power that even surpasses that of a natural disaster…”Download the book herelast_img read more