City limits

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Park life

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Bukalapak gains 3 million new merchants, mostly in smaller cities

first_imgBukalapak has seen 3 million new merchants join its e-commerce platform in the first seven months of the year, with the strongest growth rate recorded in rural areas and smaller cities.Bukalapak president Teddy Oetomo said on Friday that a big portion of the company’s growth had come from outside of Indonesia’s five biggest cities, also known as tier-one cities.“Almost 70 percent of our TPV comes from the outside of the tier-one cities due to our previous infrastructure penetration through our [offline] partners,” he added, referring to the total processing value (TPV). Topics : The survey found that around 30 percent of the respondents said they were new to online marketplaces, and 40 percent of those respondents said they would continue to use e-commerce after the pandemic.Furthermore, Bank Indonesia (BI) recorded a 26 percent increase of e-commerce transactions during the pandemic.Besides significant business-to-consumer merchant growth, Bukalapak also saw a 32 percent increase in merchants for its business-to-business and business-to-government procurement platform between January and August compared to December last year.The significant growth in activity on its procurement platform, dubbed Buka Pengadaan, has been supported by rising demand from companies for health equipment, such as masks, disinfectant and rapid test kits.“As of August, we recorded a 48 percent increase in demand for procurement from corporations through Buka Pengadaan. During the pandemic we’ve seen an increase for maintenance and service operations (MRO), health and pharmaceuticals and also electronics,” Buka Pengadaan’s director Hita Supranjaya said.As the number of merchants and transactions continues to grow, Teddy said, Bukalapak planned to increase its monetization and improve its revenue to reach profitability in the future.According to the company’s data, Bukalapak has increased its earnings before interest depreciation and amortization (EBITDA) by 60 percent between the fourth quarter of 2018 and the second quarter of 2020.“We all know that increasing growth through ‘burning cash’ isn’t sustainable. Therefore, over the last 18 months, we have adopted initiatives to increase our monetization to create a more robust financial situation,” Teddy said.center_img “This also become an advantage for us as our market rarely overlaps with other e-commerce platforms,” he said during an online press conference.According to the company’s data, Bukalapak has partnered with 5.4 million warung (food stalls) and individual agents through its Mitra Bukalapak program, with 4.5 million partners located on Java island. Revenue generated from Mitra Bukalapak’s offline partners makes up 30 percent of the platform’s total revenue.E-commerce platforms in Indonesia, including Bukalapak, have seen strong growth of transactions and user activity as the COVID-19 pandemic has pushed consumers away from brick-and-mortar stores and toward online marketplaces.According to a survey conducted by management consulting company Redseer in May, Indonesia’s e-commerce sector is projected to grow 50 percent to reach US$35 billion this year from $23 billion in 2019 due to the pandemic.last_img read more

Equity, bonds drive 2.8% quarterly return at TNO pension fund

first_imgHowever, it added that it incurred a 1.2% loss on its 65% cover of the interest risk on its liabilities, following rising swap rates.During the last quarter, the coverage ratio at Stichting Pensioenfonds TNO improved to 108.5% – 4.3 percentage points more than the required minimum coverage at year-end.However, CIO Hans de Ruiter warned that a significant increase in rates or falling markets could still have an impact on funding.“The liabilities must be discounted against the three-month average of the forward rate, contrary to our fixed income investments, that must be valued against the current rates,” he said.“This means a rates increase during the last quarter would only cause a limited drop of liabilities, whereas this would cause an immediate decrease of fixed income holdings.“Therefore, a rates increase poses a bigger risk for our scheme’s funding than a decrease.” The €2.5bn pension fund of TNO returned almost 2.8% during the third quarter, taking its year-to-date result to 0.7%.It said the return was mainly due to positive results on its 24% allocation to listed equity and its 58% bond portfolio, which generated almost 4.7% and 0.4%, respectively.By contrast, the pension fund of the technical research institute lost 1.4% and 0.6%, respectively, on its holdings of non-listed property and private equity.The scheme’s full hedge of the main currencies added 0.3 percentage points to its quarterly result, it said.last_img read more

26 Northcote St, Trinity Park a “majestic masterpiece”

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51AN opportunity to join the exclusive Trinity Park community will bring the rainforest to the suburbs for an astute buyer.Property Shop agent Damian Gray said 26 Northcote St was a “majestic masterpiece” and within walking distance to schools, the marina, the beach, dining and Earl Hill’s famous walking track. 26 Northcote Street, Trinity Park“This quality family home is not only incredibly spacious, but laden with delightful design touches and quality finishing throughout,” he said.“The home is completely fenced for privacy and seclusion and as an owner, you can relax, content in the knowledge that little ones will have the run of the yard and be completely safe. “Gate code entry leads you into a beautiful tropical oasis via a wooden decked pathway to the double door front entry.”Cooling floor tiles throughout the property with deep pile carpet in the bedrooms and media room continue the offering of easy maintenance and comfort. 26 Northcote Street, Trinity ParkMore from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoThe home includes an entry reception; four double bedrooms; a split-level media, dining area, large open-plan kitchen and living area; well-maintained Balinese gardens with a water feature and sparkling in-ground pool.For those who love to cook, eat and entertain, a stone bench, induction cooking, built-in stainless-steel oven, microwave and high gloss white cabinetry will set the scene when guests are over, but also offers practicality. 26 Northcote Street, Trinity ParkA well-proportioned butler’s pantry, chandeliers and raked ceilings are also part of the quality build.Mr Gray said the media room, with thick black carpet and a black out wall, ceilings and curtains for a full movie theatre experience added to the luxury tag.“The master bedroom comes with a huge ensuite, separate corner spa bath, shower and double vanities. There is also an extra wardrobe, large walk-in robe with quality cabinetry — perfect for corporate couples,” he said. 26 Northcote Street, Trinity Park for Real estate cover Oct 20“With a fabulous outdoor undercover entertaining area, mature tropical landscaping throughout and a decked area around the pool, each day will be like coming home to a holiday beach house.“A stunning Buddha statue piece complete with water effect completes the look to this relaxing retreat.”Other features of the property include superior-sized double garage with shelving, side access for anyone with a boat, tinny or trailer, a shed and an extra-large concrete driveway.last_img read more

Rare materials make Gold Coast mansion unique

first_img An intricate floating staircase connects the two levels.Topping off a long list of features is the home gym room, an office, an ecosmart fireplace, an intricate floating staircase and a pontoon with power and water connected. Besides the house, Mr Mann said they appreciated the sense of community and convenience of life in Isle of Capri.“We’re just down the road from Capri on Via Roma and spend half our time down there every weekend, we love it,” he said.“Isle of Capri is the sort of place where people know each other, you can easily walk to the beach, and it’s just a really family-friendly place to live.”Kollosche agents Eddie Wardale and Michael Kollosche are marketing the property in an expressions of interest campaign closing on April 22. On the market: 85 Gibraltar Drive, Isle of Capri.IF recent global events have taught us nothing else, it’s that life is full of surprises that may lead us down a different path than the one we had planned. Such is the case for the Manns, who are selling their dream home to find more space for their growing family — and their friends. The two-level home is an imposing sight at night.“Baby number three wasn’t part of the plan,” said Ben Mann, who purchased 85 Gibraltar Drive, Isle of Capri with wife Jane in June, 2018 as a then family of four.“Our house is the centre of activity with the kids’ friends over all the time so we’re now needing something bigger.”Parting will be sweet sorrow for the Manns who fell in love with the detailed design and unique features inside this remarkable waterfront home. The media room features carpet from Monte Carlo Casino and tiny fibre optic lights.But it’s the media room, featuring carpet from the Monte Carlo Casino, that the Manns have enjoyed the most.“We’ve really loved the movie room, it’s a great place for the family to hang out,” he said.“We also like how every room has its own ensuite so you’ve all got your privacy.“Even though it’s a big house, it’s still cosy and you feel like you’re all together.”“Full kudos to the previous owners, they’ve done an amazing job.” Mr Mann said they had made some minor changes to suit their own tastes and lighten up the colour palette.“We engaged a designer to create a more coastal feel,” he said.“We changed the kitchen benchtops and updated the kitchen to lighten the area up a bit and make it more family friendly.” Views of the water and the city skyline.The spacious lounge room flows onto an alfresco terrace and undercover area overlooking the heated pool and spa with a sandy beach beyond.Entertaining is easy thanks to the built-in outdoor kitchen and a servery window connected to the main kitchen inside. MORE NEWS: Backyard bungalows offer an ideal escape More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago Rents slashed on luxury holiday homes The home features 120-year-old telegraph poles from a NSW mill.No expense was spared by the previous owners who took two years to build the house, hand-picking materials including 120-year-old, eight metre-high telegraph poles from a mill in rural NSW and spotted gum timber flooring, ceiling and cabinetry.Award-winning designer Tony Dowthwaite was commissioned to design the lighting, which includes rare fittings imported from Italy.last_img read more

Bayern coach rues lack of fans at ‘special’ Dortmund clash

first_img Promoted ContentThe Very Last Bitcoin Will Be Mined Around 2140. Read More10 Risky Jobs Some Women Do2020 Tattoo Trends: Here’s What You’ll See This Year7 Ways To Understand Your Girlfriend BetterInsane 3D Spraying Skills Turn In Incredible Street Art6 Incredibly Strange Facts About Hurricanes10 Hyper-Realistic 3D Street Art By Odeith7 Reasons It’s Better To Be A VeganEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouBest & Worst Celebrity Endorsed Games Ever MadeThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalWho Is The Most Powerful Woman On Earth? Bayern Munich head coach Hansi Flick says the absence of spectators for Tuesday’s top-of-the-table Bundesliga clash at Borussia Dortmund will be a “missing factor”. Flick’s Bayern are bidding for an eighth straight Bundesliga title Reigning champions Bayern thrashed second-placed Dortmund 4-0 last November in front of 75,000 fans at the Allianz Arena. But the teams will meet again in Dortmund with the stands at Signal Iduna Park – usually packed with 82,000 people – empty after the Bundesliga became the first top European league to return, behind closed doors, following the coronavirus lockdown. “It is a very special game,” Flick said on Monday, with Bayern heading to Dortmund with a four-point lead. “As a coach, there is no question that the fans are a missing factor.” Ten of the 18 league games since the restart have been won by the away team. “The atmosphere can inspire any team. It is about how you can cope (without the support),” Flick added. “You have to accept the current situation and can’t look for an excuse.” Read Also: La Liga chief confirms possible date of restart Jerome Boateng is fit to play after shaking off a knock and is set to partner David Alaba at centre-back. That would mean no place in the starting line-up for Bayern’s record signing Lucas Hernandez, who cost 80 million euros ($87 million) and is back after an ankle injury. FacebookTwitterWhatsAppEmail分享 Loading… Bayern have restarted were they left off in March, following up a 2-0 win at Union Berlin with a 5-2 hammering of Eintracht Frankfurt on Saturday. But Flick thinks Tuesday’s clash will be a completely different test compared to their victory over Dortmund at the Allianz Arena last year. “The conditions are very different compared to the first game,” he said. “We’ve also had a good run and every player is a little bit more motivated.” Flick confirmed that midfielder Thiago Alcantara will miss out with injury, but Leon Goretzka will deputise again having impressed against Eintracht.last_img read more

Chinese club gives Ighalo conditions for continued Man U stay

first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U EPL: Red Devils attack Palace Shanghai Shenhua is reportedly happy to allow Odion Ighalo to remain at Manchester United until January, but only if he signs a new two-year deal with them.Ighalo arrived at Old Trafford on a short-term loan deal in January, and despite the season not yet finishing due to the coronavirus, his contract is due to expire on Sunday. Talks are ongoing over whether he will remain in England or leave to head back to China, but Sky Sports are reporting that his parent club have come up with a solution.It has been reported that Shanghai Shenhua will allow Ighalo’s loan deal to be extended as far as January, but only if the player ties down his future in China until 2024 in a deal worth £400,000 a week.The striker is currently under contract until 2022 in Shanghai but the club are desperate to top his deal up with a further two years before they allow him to stay – and potentially impress – in the Premier League.Ighalo has only started three games for United – making a further five appearances off the bench – but already has four goals to his name.With his contract currently ending this weekend, there is some confusion over where he goes next, with reports earlier in the week claiming he would be unable to return to China until October. It was stated that travel restrictions on foreigners returning to China – which includes around a third of Chinese Super League footballers – could remain in place for months to come, despite the new season starting in June.Shanghai Shenhua is believed to be ready to bring in a short-term replacement for Ighalo should he not be able to return, giving Manchester United a boost in their attacking department for the coming months.Tags: ChinaManchester UnitedOdion IghaloOld Traffordlast_img read more

West Ham put premium on survival before Olympic Stadium switch

first_img Press Association Brady said there had been a “phenomenal demand” for corporate seats with only 200 of the 3,700 corporate seats in the 54,000-capacity stadium remaining unsold up until last month. In the annual report written on October 9, Brady said: “Retention of our [Premier League] status in the 2015/16 season is an absolute necessity for the future well-being of the club, as we will be moving to our new home in the 2016/17 season and a new improved broadcast deal will be in place. “The Olympic Stadium offers enormous commercial and brand opportunities and we have a strategy in place to deliver sell-out crowds and enter the stadium with a team that are befitting of such an amazing iconic venue. “As plans take shape it becomes even more apparent that our new home will be one of the greatest arenas in world football and a platform to transform the future of our great club.” She added: “We are very close to selling out our premium hospitality packages. The level of take-up has been phenomenal, despite the fact we are doubling our Upton Park capacity, and as I write there are only 200 seats available.” Brady said the new roof, retractable seating and turnstiles had all been completed and the dressing rooms nearly finished. The value of the Olympic Stadium move is underlined by the fact that West Ham’s match day revenue was only £20million last season – Manchester United and Arsenal both generate more than £100million while Tottenham, who are also moving stadium, still take around £40million at White Hart Lane. The club’s overall gross debt is £89.1million with £49.2million owed to its shareholders David Sullivan and David Gold. The accounts say interest of 6-7 per cent will not be paid or added to the loans until the loans are repaid – the interest currently stands at £9.3million. The Hammers appear in little danger of failing to be in the top flight next season – they are currently sixth in the Premier League under new manager Slaven Bilic. The Hammers are moving to the Olympic Stadium for the start of next season and Brady said in West Ham’s annual report that the new venue will open up “enormous” commercial opportunities – which should see the Hammers close the financial gap on their rivals. West Ham’s annual report revealed a profit after tax of just under £3million for the 2014/15 season. The annual accounts show West Ham’s turnover was £120.7million last season, up from £114.8million, while the wage bill rose £8.8million to £72.7million, 60 per cent of turnover. center_img West Ham’s vice-chairman Karren Brady has claimed the Olympic Stadium will be “one of the greatest arenas in world football” and admits it is “an absolute necessity” that the club stays in the Premier League. last_img read more

I never thought I would get a double hundred in 2013: Rohit Sharma

first_imgMUMBAI: Star India opener Rohit Sharma has said he never thought he would get a double hundred during the 2013 Bengaluru ODI against Australia.It was Rohit’s first double hundred soon after he started opening the batting in the Champions Trophy. India’s current limited overs vice-captain Rohit is the only player to have scored three double centuries in ODIs. “I never thought I would score a double hundred. I just wanted to bat well. It was a nice and flat pitch,” Rohit told senior India off-spinner R. Ashwin during an Instagram Live chat. Rohit scored 209 off 158 balls, his innings laced with 12 fours and a whopping 16 sixes. India won the seventh ODI of the series by 57 runs. Rohit also revealed it was former India batsman Yuvraj Singh who told him to make the most of the opportunity as an opener and go for a big one. “I remember Yuvi (Yuvraj Singh) telling me, this is a great opportunity for you. You have just started to open the batting. He told me this is a good opportunity for you to make a big score. I was getting 40s, 50s, 60s. That was a good talk we had before the game,” the 33-year old said. “When I went back inside, someone was telling me, if you would have batted for another over or so you would have broken (Virender) Sehwag’s record,” said Rohit, who went to score 264 against Sri Lanka at Eden Gardens in 2014 which remains the highest individual score. “The expectation in the dressing room is really high. There were three or four guys who wanted me to score 10 or 15 more runs, Yuvi (Yuvraj Singh) was one of them and maybe Shikhar Dhawan too,” recalled Rohit. IANS Also Read: Saliva ban needs an alternative to keep game balanced, says Gautam Gambhirlast_img read more