Current account deficit to narrow in Q1 as pandemic disrupts trade, tourism: BI

first_img“The third factor is that global restrictions, including the pilgrimage ban and foreign travel ban, have wiped out not only tourism revenue” but also prevented Indonesians from going abroad, he added.“This has reduced the use of foreign exchange for Indonesian tourists.”Indonesia booked a US$743 million trade surplus in March as export and import activities contracted slightly amid the COVID-19 pandemic, Statistics Indonesia (BPS) data shows.A total of $14.09 billion in exports was recorded in March, a 0.2 percent decrease year-on-year (yoy), while total imports fell 0.75 percent yoy to $13.35 billion driven by decreased imports of capital goods.The country’s tourism industry has been badly hit by the coronavirus pandemic. More than 1,260 hotels have closed in the country, affecting more than 150,000 employees, according to the Indonesian Hotel and Restaurant Association (PHRI).Topics : Bank Indonesia (BI) is projecting the current account deficit to reach 1.5 percent in the first quarter this year, lower than an earlier projection of 2.5 to 3 percent, as COVID-19 disrupts trade and tourism activities.BI Governor Perry Warjiyo said the current account deficit would remain lower than the initial projection this year based on three factors, namely a better-than-expected trade surplus, lower import costs and a decline in tourism activities.“The first factor is that imports fell much faster than exports because of slowing domestic production and weak global demand while the second factor is that import costs have become much cheaper due to reduced logistics and insurance costs,” Perry told reporters on Friday.last_img read more

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Governor Wolf Announces 350 New Jobs with Expansion of Eurofins Facility in Lancaster County

first_img March 02, 2017 Governor Wolf Announces 350 New Jobs with Expansion of Eurofins Facility in Lancaster County Jobs That Pay,  Press Release Harrisburg, PA – Governor Tom Wolf announced today that Eurofins Lancaster Laboratories, Inc. (Eurofins), a provider of analytical testing services to the bio/pharmaceutical, food, environmental, and medical device industries, will substantially expand the laboratory facility at its existing campus in Lancaster County and create 350 new, full-time jobs and retain 1,500 existing positions“I am pleased to announce that Eurofins will make a significant investment in its Lancaster County campus by expanding its cutting-edge operations in the commonwealth and employing 1,500 hard-working Pennsylvanians with family sustaining jobs,” said Governor Wolf. “Projects like this that utilize the talents of our highly-skilled and dedicated workforce are what will continue to grow our communities and strengthen our economy.”Eurofins plans to construct a five-story, 168,000-square-foot facility to house laboratories and office space at its main campus in Upper Leacock Township. The company will invest $59 million in the expansion project, which includes construction of the facility and purchase new state-of-the-art laboratory instrumentation and equipment. Construction is anticipated to start in April 2017 and the company has already begun hiring new employees in anticipation of the building expansion completion.“As one of the largest employers in Lancaster County, we are pleased to take this significant step to expand our capacity and service portfolio to our global client base as well as provide a great place to grow a career. This expansion is the result of the excellent commitment and technical capability of our people in successfully nurturing strategic partnerships with our clients in Europe, North America, and Asia,” said Timothy S. Oostdyk, Ph.D., chairman of Eurofins Lancaster Laboratories and group senior vice president for Eurofins BioPharma Product Testing. “Further, we appreciate the critical support from the Commonwealth of Pennsylvania and Eurofins’ absolute commitment to aggressively funding growth to enhance the way we serve our customers as well as build the best and widest-reaching global testing network. I believe our aptitude for long-term investments in this space is truly market leading, and it makes for very exciting opportunities.”Eurofins received a funding proposal from the Department of Community and Economic Development that includes a $1 million Pennsylvania First Program grant and $1,050,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Economic Development Company of Lancaster County (EDC).“Eurofins Lancaster Laboratories is a dynamic employer in Lancaster County, with deep local roots and a strong track record of growth,” said EDC President Lisa Riggs. “We are thrilled and excited to see the company’s continued investment here, anchoring the biopharmaceutical and environmental laboratory work of this global scientific services giant. The company’s state-of-the-art facilities and its talented and growing workforce are major contributors to Lancaster County’s robust economy.”Founded in 1961, Eurofins Lancaster Laboratories is a global leader in the analytical testing services field, providing innovative scientific solutions to the top bio/pharmaceutical, food, environmental, and medical device industries around the world. The company is a member of Eurofins BioPharma Product Testing Group—the largest network of harmonized bio/pharmaceutical GMP product testing laboratories worldwide. Belgium-based parent company, Eurofins Scientific employs 25,000 staff in more than 250 laboratories across 39 countries.View the full-size rendering of the Eurofins expansion project here.Last year, DCED approved nearly $1.1 billion in low-interest loans, tax credits, and grants for projects across the commonwealth and secured private sector commitments for the creation and retention of more than 245,000 full-time jobs. In the same timeframe, the Governor’s Action Team completed 77 projects – creating and retaining more than 36,800 jobs. For more information about the Governor’s Action Team or DCED, visit dced.pa.gov.center_img SHARE Email Facebook Twitterlast_img read more

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Bulldogs Tracksters Dominate South Dearborn Invitational

first_imgThe Bulldogs traveled to South Dearborn for their 8 team Invitational and put forth and unbelievable performance.The boys won by almost 100 points, scoring 184 points to Franklin County’s 88 points. Oldenburg was 3rd with 61, S. Dearborn-47, Rising Sun-46, Lawrenceburg-28, Switzerland County-26 and South Ripley-16.The girls won by over 100 points scoring 189 points to Franklin County’s 77 points. Switzerland County was 3rd with 66, followed by S. Dearborn-63, Rising Sun and Oldenburg both with 30, Lawrenceburg-25 and South Ripley-14.Batesville claimed the championship medals is many events and Kevin Bedel and Kim Tidman were both awarded the MVP trophies for the field events. Kevin placed 1st in shot put throwing a personal best of 42’3″, 2nd in the discus with a personal best of 122’4″ and 4th in the high jump at 5’6″. Kim won both the high jump at 5’2″ and jumping a personal best in the long jump at 16’9″.Other medal winners for the night were:Peter Heil in both the 110m hurdles(15.92) and 300m hurdles(41.59), John Moody in the 400m dash(53.55), Clare Bruns in the 300m hurdles(50.39), Kelsey Gausman in the 800m run(2:32.65), Mary Poltrack in the 3200m run(12:05.24), Jessica Wagers in pole vault (7’6″), the 4 x 800m relay of Mary Poltrack, Maria Wessel, Sarah Poltrack and Kelsey Gausman(10:37), 4 x 100m relays of Jacob Koehne, Michael Tunny, Garrett Yorn, Tanner Ayette(44.34) and Clare Bruns, Madeleine Robben, Mary Elizabeth Elkins and Sophie Meadows(53.11), 4 x 400m relays of Garrett Yorn, John Moody, Jacob Koehne, Michael Tunny(3:33.4) and Kelsey Gausman, Madeleine Robben, Mary Elizabeth Elkins and Haley Harmeyer(4:21.7).Runner up finishers and earning 8 points for the team were:Peter Heil-long jump, Robert Strobel-pole vault, Kevin Bedel-discus, Garrett Wagner-300m hurdles, Connor Bell-800m run, Michael Tunny-200m dash, Caleb Moster-3200m run, Clare Bruns-100m hurdles, Kelsey Gausman-1600m run, Audrey Hall-400m dash, Sarah Poltrack-800m run, Madeleine Robben-200m dash, Samantha Heidlage-discus, Lexi Hatcher-pole vault and the boys 4 x 800m relay of Caleb Moster, Cole Nuhring, Garrett Yorn and Connor Bell.3rd place and scoring 6 points were:Garrett Wagner-110m hurdles, Tanner Ayette-100m dash and 200m dash, Caleb Moster-1600m run, Luke Forbeck-discus, Tim Tunny-high jump, Haley Harmeyer-100m dash, Maddie Pierson- 400m dash, Maria Wessel-3200m run, Mary Elizabeth Elkins-long jump4th place and scoring 4 points were:Jacob Koehne-100m dash, Alex Jorgensen-400m dash, Cole Nuhring-800m run, Kevin Bedel-high jump, Nathan Bedel-pole vault, Sarah Poltrack-1600m run, Mary Elizabeth Elkins-200m dash, Lauren Eckstein-3200m run, Samantha Heidlage-shot put.5th place finishers with 2 points:Grant Meyers and Emma Gausman in the 1600m run.Finishing out the scoring in 6th place were:Garrett Yorn-long jump, Neal Nobbe and Avni Patel-shot put.As mentioned above…MANY personal bests were performed tonight, even in the cold weather. They are listed by event below…300m hurdles: Garrett Wagner and Clare Bruns.400 m dash-Alex Jorgensen.800m run-Sarah Poltrack.1600m run-Caleb Moster, Grant Meyers, Calvin Lehman, Emma Gausman.3200m run-Caleb Moster, Mary Poltrack, Maria Wessel, Lauren Eckstein.Long Jump-Peter Heil, Garrett Yorn, Kim Tidman, Mary Elizabeth Elkins.Shot Put-Kevin Bedel, Avni Patel.Discus-Kevin Bedel, Luke Forbeck.4 x 100 relay-Jacob Koehne, Michael Tunny, Garrett Yorn and Tanner Ayette.4 x 800 relay-Caleb Moster, Cole Nuhring, Garrett Yorn, Connor Bell.4 x 400 relay-Garrett Yorn, John Moody, Jacob Koehne, Michael Tunny and the 400 splits of Garrett Yorn and Jacob Koehne.The Bulldogs compete again at home next Tuesday against Rising Sun, Hauser and North Decatur.Courtesy of Bulldogs Coach Lisa Gausman.last_img read more

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