COVID-19: Indonesia bars people from hardest-hit regions in Iran, South Korea, Italy

first_imgPassengers entering Indonesia from the three countries — all of which have recorded thousands of COVID-19 cases, the most after China — are required to fill in a health alert card (HAC) issued by the Indonesian Health Ministry.Especially for Indonesian citizens, those who arrived in the archipelago from the aforementioned regions in Iran, South Korea and Italy, would be required to undergo additional medical examinations at the port of entry, Retno said. The policy will enter into force at midnight on Sunday, March 8, and will continue to be evaluated in accordance with global developments, Retno said.On Wednesday, the WHO recorded 2,223 new cases of COVID-19 infections worldwide and another 48 deaths outside China. The number of affected countries has reached 76, with Argentina, Chile, Poland and Ukraine having just reported their first cases of the virus.Topics : “Therefore, Indonesia is to temporarily impose a new policy for travelers from those countries,” she added. The policy will affect people who have a recent history of travel to Tehran, Qom and Gilan in Iran; Lombardi, Venetto, Emilia-Romagna, Marche and Piedmont regions in Italy; as well as Daegu and Gyeongsangbuk-do in South Korea.“Travelers from Iran, Italy and South Korea who come from outside of the aforementioned regions will need to provide a valid health certificate that is accredited and issued by the health authorities,” Retno said, adding that the document must be shown during check-in. “Without a health certificate, travelers will be denied entry or transit in Indonesia,” the minister went on. Indonesia announced on Thursday new travel restrictions for people with a history of travel from coronavirus-hit regions of Iran, South Korea and Italy in the wake of a significant surge of COVID-19 cases globally.The temporary ban, which will come into effect on Sunday, would prevent people who had visited certain regions in the three countries in the last 14 days from visiting or transiting in Indonesia, Foreign Minister Retno LP Marsudi said.“After reviewing a report from the World Health Organization [WHO], there has been an increase of cases outside China, especially in three countries: Iran, Italy and South Korea,” Retno told journalists in her office on Thursday. last_img read more

AP2 reports highest-ever results, makes 53% on Chinese equities

first_imgEva Halvarsson, chief executive officer of AP2, said: “All asset classes had a positive return and in particular, the world’s equity markets developed positively.”The fund’s Swedish equity portfolio returned a total 30.2%, while the developed markets foreign equity portfolio generated 31.7%. Emerging markets equities produced 19.9%.“The return on Chinese A shares was the fund’s best asset class with an annual return of 52.6%,” Halvarsson said.Over the years, she noted, AP2 had developed “unique expertise” in analysing the pension system’s development and needs in the future, in order to be able to construct the portfolio that provided the most benefit for the pension system.“In 2019 we have further supplemented the analysis by including the risks that climate change poses to economic growth,” she said.In its sustainability report – published alongside the annual report – AP2 said that looking ahead, it would continue to develop the integration of climate risk into its overall asset-liability management analysis.It also said it aimed to identify the main climate risks and opportunities for more asset classes, sectors and geographies, as well as finding out what their time horizon was.Having invested in green bonds since 2008 and included the environmentally-linked debt as a separate asset class in its portfolio since 2015, AP2 said it had now decided to lift the strategic allocation to green bonds to 3%, or just over SEK11bn.“During the year, there was continued strong growth in the market, with more issues and more organisations and companies issuing green as well as social bonds,” the fund said in its sustainability report.At the end of December, AP2 said it had over SEK14bn invested in green and social bonds. The first of Sweden’s mighty pension buffer funds to unveil 2019 results has announced its highest-ever results, generating SEK53bn (€5bn) in a bumper equities year when its holding of Chinese A shares produced a 52.6% return.Gothenburg-based AP2 also revealed it had increased its strategic weighting to green bonds to 3% last year from 1%, and included climate risk in its overall return assumptions, which form the basis for the choice of strategic portfolio.The other three of the main four government funds designed to back the Swedish state pension, AP1, AP3 and AP4 – all located in Stockholm – have yet to report 2019 results.Overall, AP2 said it made a return after costs of 15.9% last year, with total assets growing to SEK381.3bn by the end of December.last_img read more