Sport will rebound in China but coronavirus exposes flaws

first_img“This could happen anywhere in the world and federations and organizers need good contingency plans, especially in an Olympic year, where athletes are still qualifying for the Games (Tokyo 2020),” said Luer.”I think that’s a global learning for major sports organizations to be ready and have a good Plan B in case something like this happens again in the future anywhere in the world.”Honestly, I don’t think any sport or event had a Plan B in place.”Professor Simon Chadwick echoes that sentiment.Chadwick, director of the Centre for the Eurasian Sport Industry based in Shanghai, also said that European football clubs in particular had failed to grasp the opportunity to show support for China and its people.”The current health issues have exposed how distant many international sport stakeholders are from China, in terms of both geographic distance and cultural understanding,” Chadwick said.”Furthermore, it appears that many are rather too dependent upon second-hand information, suggesting that most don’t have people on the ground to provide accurate insight and first-hand experience.”He added: “If they are going to successfully engage in business in China, then they need to better understand the nuances and complexities of working there.”Another Galacticos moment?China says that preparations for the 2022 Winter Games in Beijing remain on track, despite a test skiing event being cancelled over coronavirus fears.China has been here before, with the Severe Acute Respiratory Syndrome (SARS) epidemic in 2002-2003, but at that time the country hosted nothing like the number of international sporting events it now holds.In the summer of 2003, a Real Madrid squad boasting “Galacticos” David Beckham, Ronaldo, Zinedine Zidane and Luis Figo visited China, the first time the Spanish giants had come to the country.China is now a regular summer destination for top European football teams, but this year’s tours will fall by the wayside if the coronavirus continues to spread in the coming months.”When they appeared at Beijing Workers’ Stadium, the panic effect caused by SARS disappeared instantly… the stadium was full and the city’s confidence returned,” said a recent column in the Oriental Sports Daily, reflecting on Real’s morale-boosting landmark trip.”This is the power of sports!” said the column, declaring that China’s sporting life will similarly bounce back with renewed vigor after the coronavirus subsides.”The confidence of life, the confidence of the city, the confidence of the government and the good use of the spirit of sports culture will surely return quickly.” Topics : The coronavirus exposes an ignorance of China’s lucrative sports market and poor contingency planning, experts say, after Formula One became the most high-profile casualty of a mass pullout from the country.Formula One chiefs are scrambling to fit the Shanghai race into this season’s schedule after the April 19 grand prix last week joined the World Athletics Indoor Championships and European Tour and LPGA golf tournaments in being shelved because of the deadly outbreak.The Formula E Grand Prix, badminton, skiing and Olympic qualifying events have all been cancelled, postponed or moved elsewhere in recent weeks.center_img All activity in the country’s two most popular sports — football and basketball — has been suspended, but the obliteration of the sporting calendar is regarded as unavoidable given the circumstances.The virus, which emerged in December in the central city of Wuhan, has killed more than 1,800 people, almost all in China, and sparked global alarm.The world’s most populous country has become a major sporting destination in the last decade and top clubs and organizations, among them the Premier League, FIFA and NBA, have courted fans — and their money — in the world’s second-largest economy.Marcus Luer, founder and chief executive of sports marketing agency TSA (Total Sports Asia), said that it will be business as usual once the virus clears but a lesson has been learnt that extends beyond China.last_img read more

Denmark announces first coronavirus case

first_imgTopics : Denmark reported its first coronavirus case Thursday, a man who had returned from a skiing holiday in northern Italy which has become a hotspot for the disease.”The man who came back from a skiing trip with his wife and son on February 24 has been suffering since then from a cough and a temperature,” Denmark’s public health agency said in a statement.”The man tested positive, but the results of his wife and son are negative,” it said. The man is relatively well and has returned to his home, where he remains in isolation with his family, it added.According to public TV station TV2, the man is one of its employees.Italy has reported 400 coronavirus cases, mostly in the north, and 12 deaths.last_img

It’s time to buy cheap bluechip shares, say securities analysts

first_imgBluechip stocks on the Indonesia Stock Exchange (IDX) have lost hundreds of trillions of rupiah of their value as the share prices fell to a historic low level as investors dumped their shares during a recent market rout, the exchange’s data indicates.Between March 16 and 20, prices of most bluechip shares, also called big cap stocks, have fallen, such as Bank Central Asia Tbk (BCA) by13.99 percent, Telekomunikasi Indonesia Persero Tbk (Telkom) by 8.86 percent, Unilever Indonesia Tbk by 10.75 percent and PT Astra International Tbk by 17.65 percent.Within the same period, the Jakarta Composite Index (JCI), the main gauge of the IDX, had declined by 10.57 percent. It saw its lowest point on Thursday at 4,105.42, the lowest seen since October 2015. This month alone, the JCI has lost 20 percent. “The JCI has dropped significantly during the past several days as investors are worried that COVID-19 would significantly reduce business activities in the country,” Mirae Asset Sekuritas Indonesia’s head of research, Hariyanto Wijaya, wrote in his market commentary on Friday, explaining how the worry over the COVID-19 coronavirus pandemic was the main factor causing the market rout.If based on their performances since the start of the year, the fall in prices of bluechip shares reached more than 45 percent. BCA’s share price has dropped by 29.22 percent year-to-date (YTD), Telkom by 26.24 percent, Unilever Indonesia by 27.19 percent and Astra International by 45 percent.Read also: Indonesian stocks record first rally in week after series of suspensionsAnugerah Mega Investama director Hans Kwee wrote in a statement said that the price falls were more caused by negative sentiments resulting from noneconomic factors rather than by fundamental factors like their business performances. “The decision to buy and sell is often not based on fundamental factors. Investors often sold their shares following other investors’ actions and the market trend,” Hans wrote in an article in a kontan.co.id column on Tuesday.Bluechip shares have suffered a great loss in their value more because of herd behavior than their fundamental condition, he said.According to the IDX 2019 annual statistics, BCA recorded a market capitalization of Rp 815.85 trillion at the end of 2019. As of Friday, its market capitalization stood at Rp 583.7 trillion, which means that its value went down by about Rp 232.15 trillion in the span of a few months.The majority of BCA shares, 54.94 percent of them, are owned by its subsidiary company, PT Dwimuria Investama Andalan, which is owned by the Hartono brothers, Robert Budi Hartono and Michael Bambang Hartono.Based on the Bloomberg Billionaires Index, the Hartono brothers, who are among the top 150 of the world’s richest people, have lost a total of US$14.73 billion year-to-date, with BCA’s loss of trillions of rupiah contributing to their decline in wealth.Telkom’s market capitalization fell to Rp 285.30 trillion on Friday from Rp 393. 28 trillion at the end of 2019. As up to 52 percent of Telkom shares are owned by the government, it means the value of the government’s holdings in Telkomsel have dropped by Rp 111.98 trillion year to date.Read also: Rupiah at weakest since 1998 crisis as foreign investors pull out amid virus fearsOn the upside of the significant falls bluechip shares are experiencing, this provides investors with an opportunity to buy the stocks at low prices, as noted by Bank Negara Indonesia (BNI) Sekuritas head of research Kim Kwie Sjamsudin.“I think this is the time to start buying bluechip stocks because I think the valuation is attractive,” Kim told The Jakarta Post on Friday.Mandiri Investasi deputy chief information officer Aldo Perkasa also explained during his keynote speech in an event earlier this month that the current market condition was attractive for investors to start their “building position”.“If we are talking about mid-to-long-term investment, it is an attractive level to start accumulating [stocks],” Aldo said, adding that today’s investors would have to “embrace that volatility has become part of investment these days”.On Friday, Indonesian stocks rallied upward for the first time in the past week and several bluechip stocks had entered the green zone, while others stayed in the red.Unilever Indonesia rose 10.18 percent from the previous trading day to Rp 6,225, while Astra International slid 2.07 percent to Rp 3,780 at the closing of Friday’s trading. (ydp)Topics :last_img read more

Majority of Indonesians want transparency about COVID-19 patients

first_imgMost Indonesians believe that some information regarding COVID-19 positive patients should be available to the public to be used for contact tracing, as reflected by a recent survey.The survey was conducted between March 20 and 21 by the Indonesian Institute of Sciences (LIPI), in collaboration with the National Disaster Mitigation Agency (BNPB) and other institutions, to find out the public perception of information transparency in regard to the COVID-19 outbreak.The report showed that 97 percent of 15,101 respondents agreed that the recent travel history of COVID-19 positive patients should be made available to the public. Meanwhile, 65.8 percent of survey respondents supported transparency regarding the detailed address of each patient. Respondents were citizens aged 21 to 40 years old selected randomly, 65 percent were women.“Respondents from both Java and other islands consider it important to publish the last 14 days travel history of COVID-19 patients,” University of Indonesia School of Psychology crisis and disaster researcher Dicky Pelupessy said during an online press briefing on Friday.Read also: COVID 19: Public fend for themselves amid scarcity of information from governmentSuch information would help people to be more cautious and impose self-quarantine if they happen to have had direct contact with a confirmed positive patient, he went on to say. Around 61 percent of respondents agreed that authorities should announce the patients’ names, although they later said it was unnecessary to publish such information.In addition, 64 percent of respondents agreed that the patients’ addresses should be disclosed, but that the information should be limited to the name of the district in which they lived. Furthermore, only 60.8 percent of respondents said the subdistrict where the patients lived should also be announced.“People would be more cautious if they found out that someone in their neighborhood was infected with COVID-19,” Dicky said.Based on the survey, researchers recommended that authorities make the home addresses of COVID-19 patients available to the public, but only up to the neighborhood unit (RT) level.”The government also needs to guarantee the publication of personal information under a clear legal mechanism. Anyone misusing such information could be charged under regulations,” LIPI population researcher Rusli Cahyadi said.“Such recommendation is not against the law. In fact, it will support other regulations regarding the imposed quarantine policy.”Read also: Coronavirus spreading fast but stigma is more dangerous: WHOPrior to the survey, Indonesian Medical Association (IDI) chairman Daeng Mohammad Faqih urged the government to reveal COVID-19 positive patients’ identity in order to help medical workers carry out contact tracing. Such disclosure would also help the government estimate how widespread the disease is, he added.The Central Information Commission (KIP) also urged the government and its COVID-19 rapid response team to proactively deliver correct and updated information regarding the disease. However, the commission warned that patients’ personal information should only be published with their consent.The country’s first two confirmed COVID-19 cases were hit by stigma after their personal details – initials, age and home address – were disbursed on social media from unclear sources, not long after the government broke the news on the cases.The number of COVID-19 positive cases in the country reached 1,000 on Friday, with 1,046 cases confirmed and 87 fatalities. (trn)Topics :last_img read more

Chicago jail reports 450 coronavirus cases among staff, inmates

first_img“Sheriff’s officers and county medical professionals are aggressively working round-the-clock to combat the unprecedented global coronavirus pandemic,” the Cook County Sheriff’s Office said in a written statement on Thursday.Those measures include opening an off-site 500-bed “quarantine and care facility” for prisoners, an effort to move as many inmates as possible from double to single cells, and the opening of a testing site at the jail.”Front line” staff members were being checked for fever at the start of each shift and issued protective equipment if they interact with inmates, according to the sheriff’s department.Across the United States more than 16,600 people have died from COVID-19 and 463,000 positive cases have been confirmed, despite unprecedented “stay-at-home” orders in most states. Some 450 inmates and staff have tested positive for coronavirus at Chicago’s largest jail, county corrections officials said on Thursday, representing one of the nation’s largest outbreaks of the respiratory illness at a single site so far in the pandemic.The surge of cases at Cook County Jail marks the latest flare-up of COVID-19 at jails and prisons in major cities across the United States, where detainees often live in close quarters.The situation gained national attention earlier this week when inmates posted handmade signs pleading for help in the windows of their cells overlooking a public street. In Monroe, Washington, inmates at a minimum-security prison vandalized the facility in a protest on Wednesday evening after officials announced that six prisoners had tested positive for COVID-19, according to Washington state’s Department of Corrections. State and local police and corrections officers quelled the disturbance at the prison 24 miles (39 km) northeast of Seattle using pepper spray, sting balls and rubber pellets, the corrections department said.Despite evidence that the spread of the illness has slowed in the larger US population, a Reuters investigation found that prisons and local lockups have reported an accelerating spread of COVID-19 and have taken a varied approach to protecting the inmates in their charge.Thousands of inmates are being released from detention, in some cases with little or no medical screening to determine if they may be infected by the coronavirus and at risk of spreading it into the community, Reuters found.US Attorney General William Barr declared on Friday that the federal Bureau of Prisons was facing emergency conditions that had prompted the agency to begin releasing more inmates out of custody and into home confinement.Topics :last_img read more

Trump tells Navy to destroy Iranian gunboats if they ‘harass’ American ships

first_imgWhile the Navy has the authority to act in self-defense, Trump’s comments appeared to go further and were likely to stoke tensions between Iran and the United States.In a briefing at the White House later on Wednesday, Trump said the military would not be changing its rules of engagement.”We’re covered, we’re covered 100 percent,” Trump saidSenior Pentagon officials said that Trump’s comments on Iran were meant as a warning to Tehran, but suggested that the US military would continue to abide by its existing right to self-defense instead of any changes to its rules. President Donald Trump said on Wednesday he had instructed the US Navy to fire on any Iranian ships that harass it at sea, but said later he was not changing the military’s rules of engagement.Close interactions with Iranian military vessels were not uncommon in 2016 and 2017. On several occasions, US Navy ships fired warning shots at Iranian vessels when they got too close.”I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,” Trump wrote in a tweet, hours after Iran’s Revolutionary Guards Corps said it had launched the country’s first military satellite into orbit. “The president issued an important warning to the Iranians, what he was emphasizing is all of our ships retain the right of self-defense,” Deputy Secretary of Defense David Norquist told reporters at the Pentagon.The United States should focus on saving its military from the coronavirus, an Iranian armed forces spokesman said on Wednesday.Earlier this month, the US military said 11 vessels from the IRGCN came close to US Navy and Coast Guard ships in the Gulf, calling the moves “dangerous and provocative.”At one point, the Iranian vessels came within 10 yards (9 m) of the US Coast Guard cutter Maui.While such interactions at sea occurred occasionally a few years ago, they had stopped recently.Tensions between Iran and the United States increased earlier this year after the United States killed Qassem Soleimani, the head of Iran’s elite Quds Force, in a drone strike in Iraq.Iran retaliated on Jan. 8 with a rocket attack on Iraq’s Ain al-Asad base where US forces were stationed. No US troops were killed or faced immediate bodily injury, but more than 100 were later diagnosed with traumatic brain injury.Topics :last_img read more

Residents of crowded Kebon Kacang in Central Jakarta test positive for COVID-19

first_imgThe capital, home to at least 10 million people, has countless densely populated areas, known as kampung, often next to upscale residential areas and along riverbanks.Statistics Indonesia (BPS) recorded that Jakarta had 445 community units that were categorized as “slums”, 15 of which were categorized as high density, 99 moderate, 205 light and 126 very light.Meanwhile, Kebon Kacang subdistrict head Aiman said he was concerned that many residents in the densely populated area near the banks of the Krukut River in Kebon Kacang were still going outside and not obeying physical distancing measures amid the city’s implementation of large-scale social restrictions (PSBB).“We’ve been monitoring but the people keep gathering outside, sometimes without wearing a mask and not maintaining a safe distance. It’s very dangerous as the neighborhood is a densely populated area in which houses are adjacent,” Aiman said on Tuesday, as quoted by kompas.com. He said his administration, the police and the military had warned residents and asked them to stay at home and practice physical distancing to curb the spread of the disease.Read also: Hand washing to counter COVID-19 still a luxury for Indonesia’s urban poorHe added that even people under general monitoring for COVID-19 had been found engaging in activities outside their homes. “They have been told to self-quarantine at home for two weeks straight but apparently they didn’t listen,” he said.As of Wednesday, Jakarta had recorded 4,709 confirmed cases, with 420 deaths ‒ a death rate of 9 percent. So far, 713 people have recovered from the disease.Topics : A total of 21 of 150 residents in a dense neighborhood in Kebon Kacang subdistrict, Central Jakarta, who underwent rapid testing for COVID-19 on Monday have tested positive for the SARS-CoV-2 virus.The Jakarta Health Agency is starting to map SARS-CoV-2 transmission in crowded settlements. “We’re currently identifying samples in densely populated settlements to see if transmission occurs there as well as to expedite handling of cases if cases are found in the area,” the agency’s head of the disease control and prevention division, Dwi Oktavia Handayani, told The Jakarta Post on Wednesday.She said the agency would choose the most densely populated area in each district and conduct rapid tests for about 200 people in each area. Jakarta has 267 districts, 260 of which have reported COVID-19 cases. Previously, experts warned that the urban poor living in crowded conditions were at higher risk of contracting the virus.Read also: 133 more COVID-19 cases in Jakarta despite ‘flattened curve’ claimslast_img read more

EU parliament declares ‘Black Lives Matter’

first_imgEU capitals are urged to denounce “the disproportionate use of force and racist tendencies in law enforcement.”The EU institutions and the member states should officially acknowledge past injustices and crimes against humanity committed against black people, people of color and Roma.And the resolution declares the slave trade a “crime against humanity.”Earlier Friday, the UN Human Rights Council demanded a report on “systemic racism”, but left out any direct mention of the United States in the resolution.Topics : The European Parliament voted Friday to declare that “Black Lives Matter” and to denounce racism and white supremacism in all its forms.The resolution has no legal consequences but sends a signal of support to anti-racism protesters, and it follows a UN call for a probe into police brutality and “systemic racism.”And, one day before President Donald Trump is to hold a rally in Tulsa, a city that saw one of the worst racist massacres in US history, the lawmakers condemned American police brutality. Point number one of the text of the resolution takes up the slogan US campaigners painted on the street leading to the White House, when it “Affirms that Black Lives Matter.”The resolution, passed by 493 votes to 104, “strongly condemns the appalling death of George Floyd”, an unarmed suspect killed by US police in May. It rebukes Trump for his “inflammatory rhetoric” and for threatening to deploy the army against protesters.And EU member states themselves, many of which have seen protests in recent days about modern racism and previous colonial crimes, are not spared in the motion.last_img read more

UEFA says Champions League final tournament still on but ‘we’ll adapt if we have to’

first_img“We’re monitoring the situation on a daily basis and we’ll adapt if we have to.”UEFA said earlier this month that this season’s Champions League, suspended in March because of the COVID-19 pandemic, would be completed with an eight-team mini-tournament in Lisbon from Aug. 12-23.Last Thursday, the Portuguese government said that those living in the affected areas of the capital – 19 parishes not including downtown Lisbon – would be allowed to leave home only to buy essential goods or to travel to and from work.The measure will be in place July 1-14 and will then be reviewed.Topics : UEFA currently sees no need for a plan B for the Champions League final tournament due to be held in Lisbon, despite several suburbs of the Portuguese capital preparing to go back into lockdown as coronavirus cases surge again.”UEFA is in permanent contact with the Portuguese Football Association and the local authorities,” the governing body told French sports daily L’Equipe.”We hope that everything will go well and that it will be possible to organize the tournament in Portugal. For the moment there is no reason to have a plan B.last_img read more

Veteran female leaders to head WHO COVID-19 review amid anti-globalism barbs

first_img“Time was wasted. Information was hidden, minimized, and manipulated. Trust was broken,” she wrote.Clark, New Zealand’s leader from 1999 to 2008, lost out four years ago to Antonio Guterres to lead the UN. She previously led the UN Development Program and serves on a WHO panel on childhood obesity.In May, in an online forum, she criticized global leadership for failing to muster the “unity of purpose” that overcame challenges like eradicating smallpox.WHO Director-General Tedros Adhanom Ghebreyesus called them “strong-minded, independent leaders”, aiming to underscore their freedom in assessing his agency’s and governments’ COVID-19 responses.Topics : Avowed multilateralists Ellen Johnson Sirleaf and Helen Clark will lead a World Health Organization (WHO) panel scrutinizing the global response to the COVID-19 pandemic just as international institutions are under fire.The work by Johnson Sirleaf, Liberia’s former president and Clark, New Zealand’s ex-prime minister, will come into the harsh spotlight trained on the WHO by US President Donald Trump, who has accused the agency of being in China’s pocket while letting the pandemic spiral out of control.Johnson Sirleaf, a Nobel Peace Prize laureate and Africa’s first democratically elected female president, and Clark, who sought the top United Nations job in 2016, acknowledged that the study of how the world tackled this crisis, to prepare for the next one, will not be easy. “Our world is challenged by what is happening, challenged in ways that none of us could have forecast,” Clark, 70, said on Thursday.Johnson Sirleaf, 81, a Liberian-born, US-educated economist, served 12 years as her West African country’s leader, a period that included the 2014-16 Ebola outbreak that killed thousands.She won the Nobel Prize in 2011 for promoting the peaceful struggle for women’s rights as she oversaw Liberia’s emergence from civil war. She has deep WHO ties, having been named a goodwill ambassador last year.In a March BBC editorial, Johnson Sirleaf called for solidarity against COVID-19 while criticizing early lapses by states.last_img read more