Pamper Scamper: Ocean City at a Crawl

first_imgThe annual Pamper Scamper in Ocean City, NJ, took place on Tuesday, Aug. 12, 2014.They came. They sat. They crawled.Ocean City hosted its annual Pamper Scamper on Tuesday morning (August 12) on the beach at Sixth Street.For about four decades, the good-natured competition has challenged parents to leave their infant children in the center of a parachute spread out on the beach … and has challenged the infants to crawl back to the perimeter of the parachute and the welcoming arms of their parents.The event included about eight heats of eight infants divided into three age categories: 9 months old and younger, 9 months to 12 months, and 12 months to 15 months.In the heat of champions, 15-month-old Maeve McManus crawled to victory in a blazing 9 seconds. She attended with her mom, Laura McManus of Philadelphia and Ocean City.The Pamper Scamper is a prelude to Ocean City’s 105th annual Baby Parade, which takes place 5 p.m. Thursday (Aug. 14) on the Boardwalk between Sixth and 12th streets.last_img read more

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Medicaid work requirement could lead to deaths

first_imgUnder a new Trump Administration policy, states can now impose work requirements on able-bodied Medicaid beneficiaries. But critics of the plan say it could lead to deaths among lower-income people who don’t meet the requirement and are pushed off the insurance rolls. Without insurance, they may delay or forego visits to the doctor because they can’t afford it.In Kentucky — the first state to impose the new requirement — roughly 175,000 people could lose their benefits if they don’t work, get job training, or perform community service for at least 20 hours a week starting in July, according to a Jan. 16, 2018 New York Times article.Cutting health insurance among lower-income people could be deadly, according to the article, which cited a 2012 study from Harvard T.H. Chan School of Public Health by Benjamin Sommers, associate professor of health policy and economics, Arnold Epstein, John H. Foster Professor of Health Policy and Management and chair of the Department of Health Policy and Management, and former colleague Kate Baicker (now dean of the University of Chicago’s Harris School of Public Policy). The Harvard Chan researchers found that Medicaid expansions in the past significantly reduced mortality—which suggests that Medicaid cuts would have the opposite effect.Read the New York Times article: Making Medicaid a Tool for Moral Education May Let Some DieLearn moreHealth insurance uncertainty could lead to poorer health, more deaths (Harvard Chan School news)Analysis indicates that insurance expansion improves access to care, health, and survival (Harvard Chan School release) Read Full Storylast_img read more

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Demystification of CNTB grants for events or who benefits from the grants?

first_imgIstria County Tourist BoardApproved grantshttp://istra.hr/.app/download.php?file=Odluka_TopDogadjanja_2017.pdf increase the total funds available for grants;timely tendering and decision-making on the allocation of funds;transparent scoring and publication of results;tender criteria that operate in accordance with the general business policy of the CNTB and Croatian tourism;encouraging quality and focusing on significant events (which bring importance to Croatian tourism), which is directly reflected through the following item (abolish symbolic incentives (introduce a minimum amount of co-financing), strengthen medium and large events;give REAL emphasis on the pre- and post-season and score overnight stays and participants instead of exclusively visitors, and add some other positive criteria (media presence, contribution to branding Croatia in the direction set by the CNTB and MinT documents);not distorting competition;all recipients of incentives must act in accordance with the laws of the Republic of Croatia. The ministry of tourismTourism in numbers2012.     http://www.mint.hr/UserDocsImages/htz-turizam-br012_HR.pdf2013.     http://www.mint.hr/UserDocsImages/140624_HTZ-TURIZAM-2013_HR.pdf2014.    http://www.mint.hr/UserDocsImages/150701_Turizam014.pdf2015.     http://www.mint.hr/UserDocsImages/TUB2015HR.pdf Events support decisions2017.     http://www.htz.hr/sites/default/files/2017-07/Odluka%20o%20potpori%20DOGA%C4%90ANJA.docx2016.     http://www.htz.hr/sites/default/files/2016-11/Odluka-o-potporama-dogadanjima-2016.pdf2015.     http://www.htz.hr/sites/default/files/2016-11/Odluka-Potpore-dogadanjima-2015.pdf2014. / 1                http://www.htz.hr/sites/default/files/2016-11/Odluka-o-dodjeli-potpora-za-nacionalna-i-regionalna-dogadanja-2014.pdf2014. / 2                http://www.htz.hr/sites/default/files/2016-11/Rezultati-TOP-dogadanja-2014.pdf2013.     http://www.htz.hr/sites/default/files/2016-11/Odluka-o-dodjeli-potpora-manifestacijama-2013-.pdf2012.     http://www.htz.hr/sites/default/files/2016-11/ODLUKA-SAVJETA-ZA-MANIFESTACIJE-2012-.docx delivered:Main office of the Croatian National Tourist BoardThe ministry of tourismIstria County Tourist BoardIstria County – Administrative Department for Tourism Croatian tourist agencyPublic call for support of events2017.     http://www.htz.hr/sites/default/files/2017-03/JAVNI%20POZIV%20za%20potpore%20doga%C4%91anjima%20u%202017.%20godini.docx INCREASE IN NIGHTS IN PRE-SEASON AND POST-SEASON. WHOM DO WE INSURE?”The strategic goal of the Ministry of Tourism and the Croatian Tourist Board is to develop and position Croatia as an aviation destination, especially in the periods before and after the season, because in this way we will be able to talk about the full tourist year, not just the season.”- are the words of the line minister, Mr. Gary Cappelli.If we look in isolation only at this Public Tender in the light of this statement and the de facto Tourism Strategy in the Republic of Croatia, we come to the conclusion that in the pre- and post-season it is necessary to attract as many guests as possible. However, the distribution of co-financing by months does not follow this minister’s idea. According to the CNTB definition, PPS (pre- and post-season) lasts from 1 January to 15 June and from 16 September to 31 December. In that period, the results of the public tender co-financed 66 events with 27,7% of total funds (19,5% in the pre-season, 8,2% in the post-season) while as many as 107 events were co-financed in the main season with 72,3% of funds.This is popularly called “throwing salt into the sea” or “carrying wood into the forest”. The question is, do we co-finance events that are a direct motive for coming or do we entertain already arrived guests?The solution is to finally free up more funds for events in the pre- and post-season, which will be a strong motive for coming, and will not fit into our worn-out mantra “sun and sea”. Such guests bring us an increase in the number of nights, but it is quite clear that their consumption is very small. According to a study by the Institute of Tourism, the average consumption of tourists in Croatia is 66 Euros on a daily basis. Besides, we just don’t have enough beds in the main season, I really don’t understand why we pump the season when we’re on the verge of overbooking?If you thought the situation was changing over the past 5 years, the following chart will reassure you. Moreover, more and more overnight stays are realized in the “main season”, which is a direct result of the mantra “sun and sea”. Every year, the CNTB provides financial support for events, all with the aim of investing in the quality of the offer and content, ie in creating the motive for arrivals and the development of tourism at the destination level, as he points out with the CNTB.The Public Call for Grants for Events in 2017 received a total of 433 applications, of which 373 applications were taken into consideration, since 60 of them did not meet the conditions of the tender, according to the CNTB. Financial support from the Croatian National Tourist Board was provided by 215 registered programs divided into three prescribed measures of this Public Invitation in the total amount of HRK 11.500.000,00. Thus, through measure 1 – support to events in the PPS period in underdeveloped tourist areas, HRK 1.140.000,00 was allocated, while through measure 2 – support to national and regional events, a total of HRK 5.710.000,00 was allocated. The amount of HRK 4.650.000,00 was allocated through measure 3 for TOP events.But what is always questionable every year are unclear criteria and insufficient transparency, which leads to various ambiguities. Precisely on this topic, Alen Paliska, director of the race / event “100 miles of Istria” analyzed and argued specific questions. This is not a story about how someone is dissatisfied with not receiving financial support from the CNTB, so he opened “fire” on institutions, but analyzed and constructively analyzed CNTB’s support for events in the past few years, and asked specific and reasoned questions. It is now up to the CNTB.Read the press release in full.Demystification of CNTB grants for events or who benefits from the grants?After the announcement of the results of the CNTB’s public tender for support for events, I was again unpleasantly surprised to see that this year, the event of which I am the director – Ultratrail race 100 Miles of Istria, did not receive support. To add to the absurdity, the Ministry of Tourism has been sponsoring the 2016 Miles of Istria race since 100. Smart enough.Now I can say for sure that we have been brutally damaged for two years in a row and that I demand a revision of the results and annulment of the results of the Public Tender.This attitude is not formed hastily. After the first unpleasant surprise with the results, it was a good incentive to analyze the concept that the CNTB practices in this competition, but also many others. On this occasion, I want the shortcomings in the current system and practice to be clearly defined and to use this to obtain new, better quality criteria. All data were collected from the publicly available archives of the CNTB and the Ministry of Tourism, and were analyzed objectively and soberly to give a realistic picture of the situation.And to be clear, I do not think that these results are manifestations of (exclusively) ignorance or incompetence because last year at a meeting at the CNTB I explained in detail what we do, what we want, what is our reach and potential and ultimately most important – what are achieved results. Obviously we don’t have anyone to lobby for us. However, this is public money and needs to be spent transparently. Not only because of fairness, but also because of the content itself and the targeted, developmental spending of that money.ABOUT THE CONCEPT OF THE TENDEREvent support is one of the traditional programs of the Croatian National Tourist Board, which awards grants through support programs to improve products, create a recognizable image of Croatian tourism and the country as a whole and enrich the offer in the pre- and postseason. That’s what the website of our central tourist office says, but is it really true?By analyzing the program of support for events in the period from 2012 to 2017, I came to very interesting data that are mostly in conflict with the basic settings of the program and the tasks of the CNTB in general. There are several very important questions that I will try to approach in further analysis using only the data of the Croatian National Tourist Board and the Ministry of Tourism.DATE OF PUBLICATION AND DECISIONSThe first problematic thing with this program is the date of publication of the Public Call and the Decision on support for events in 2017. Namely, the Public Invitation was published on March 31, 2017, and the Decision on Support was made on July 27, 2017. None of this would be disputable if the Public Tender did not apply to events in 2017!Since a large part of the co-financed events take place in the first part of the year (January – July), the question arises as to how the organizers of the events will plan the funds obtained through the Public Tender? Each association must adopt a work plan and financial plan in the year before the organization and confirm it at the assembly, which absolutely excludes associations from any legal spending of funds. In addition, organizing companies as well as associations need to have a business plan, right?So, there are two scenarios, both equally disastrous for the event organizers. The first is that the organizer does not plan these funds, but receives co-financing. There is no legal way to spend that money retroactively in a business year. The second is that the organizer plans these funds and spends them, and does not receive a single kuna from the CNTB, which is a direct threat to the survival of the event organizers, which puts all events in an impossible position before July.It is indicative, however, that some organizers point out the CNTB logo even before the official results are published, which opens the possibility of embezzlement and previous agreements. I do not want to say that this is so, but the indications are clear.The solution is to publish and implement the Public Call for Support of Events in the year before the co-financed events. Bearing in mind that the plan of each company must be voted on by mid-December, and taking into account the entire procedure, it turns out that the MinT and CNTB must announce the tender in July and publish the results in early November at the latest. It is absurd that it is only a few months later than it seems now for – the current year!It was said that the only way in which event organizers can plan budgets well and invest the obtained co-financing transparently and according to the adopted plans – therefore, be in accordance with the laws of the Republic of Croatia. This is also the only way to make the investment targeted and efficient, and this is, in addition to the administrative correctness of the procedures – the only and final goal of the entire tender, ie the premise for launching a tender for co-financing events! There is no denying the fact that this is the most correct way to remove insinuations about embezzlement. IS THAT ENOUGH AND WHAT DO WE REALLY WANT?Croatia generates about 78 million overnight stays from tourism (data from 2016), which is translated into about 64 billion kuna or 18,9% of GDP. The question is what do we, as a destination, want to get by co-financing events? Do we invest enough, do we have quality events, are these events the motives for the arrival or entertainment of guests who have already arrived in the Republic of Croatia, what is the impact of co-financing on the number of nights and consumption, what are the results? There are many questions, no answers. No, because there is no serious analysis or strategy for co-financing events. Because if there was a serious analysis, big companies like Red Bull, mega events like Ultra Europe or Swatch Major and associations that organize small local events such as, believe it or not, World championship in olive picking. This is not a joke.So, as a destination, we have to decide what we want to co-finance, which with co-financing will bring us greater visibility, more overnight stays and spending (especially in the PPS period) and generate higher earnings and equalize seasonality. It is necessary to detect quality carriers in separate niches and help them a lot until the conditions for self-preservation are created. Tourism is too important an activity to be taken lightly. From this year’s results, it is not exactly clear what our focus is, everything is financed without order.And yes, if you thought that a little less than 12 million kuna of co-financing is enough for a country whose tourism is 19% of GDP, you are not quite right. Other destinations are branded through strong and recognizable events in which a lot of money is invested. We are simply missing millions of kunas that will be targeted to give the greatest possible effect. The only bright spot is the contract with the Tour of Croatia race, which, quite deservedly, received funding of HRK 4 million from the CNTB.The conclusion is that we need to move away from mediocrity and engage in serious projects, not waste money to satisfy the pleas of local politicians.WHO PRODUCES AND TO WHOM IS IT RETURNED?We come to the question of whether the CNTB is a charitable institution or an institution that a priori deals with the development and promotion of tourism? Because looking at the distribution of overnight stays / money through counties we come to the following data:So, the biggest generators of tourism are definitely damaged by this redistribution of funds. I am thinking mainly of the Istria, Split-Dalmatia and Primorje-Gorski Kotar counties, while the City of Zagreb, Osijek-Baranja and Vukovar-Srijem counties are very much favored.At one of the meetings, I was told that the CNTB must work the same for all counties. I agree, but then, my dear CNTB members, announce more programs and establish mechanisms to help the underdeveloped and a mechanism for further development of the developed. What’s the problem, you asked? Well, in the fact that in the Public Invitation, exactly the same manifestations from different counties are evaluated completely differently, and even left out – which I will write about at the end.But try to ask yourself, is it really advisable to spend 24,43% (about 3 million kuna) of co-financing for destinations that together have a potential of less than 20 thousand beds? It seems to me that this is solely funding events that aim to entertain the local population, but that’s just me because – maybe there’s some higher goal. I doubt.WHAT IS A TOP EVENT?The public call is divided into three programs:events in the PPS period in underdeveloped tourist areas 140.000,00 knGrants for national and regional events HRK 710.000,00TOP events HRK 650.000,00We are especially interested in the program of TOP events. Namely, according to the terms of the Public Invitation, these are international events that are estimated to be the motive for the arrival of at least 10.000 visitors.Yes, you read that right – a visitor instead of an overnight stay. Hypothetically, any major football match can run for a TOP event. Or every major concert. Or say Swatch Major for which no tickets are bought. And every other gathering of citizens. A completely missed criterion that opens the door to co-financing various interesting events such as the World Minigolf Championship in Zadar.Once you enter the program of TOP events, it is very difficult to get out of it. Frequent winners of co-financing for TOP events are the following events:Fresh Island Festival Novalja 4 times continuously since 2014.InMusic Festival Zagreb 4 times continuously since 2014Rijeka Festival Rijeka 4 times continuously since 2014Špancirfest Varaždin 4 times continuously since 2014Sonus Festival Novalja 3 times continuously since 2015.Vinkovci Autumn 3 times uninterrupted since 2015.Swatch beach volley Major series Poreč 3 times uninterrupted since 2015.Renaissance Festival Koprivnica 3 times continuously since 2015.ATP Croatia Open Umag 3 times (2014/2016/2017) HOW MUCH IS CO-FINANCED AND HOW SERIOUS IS THE EVENT?When I summed up in one place all the co-financed events from this Public Call from 2012 to 2017, I came to the fact that a total of 836 events were co-financed, of which 470 different (some received several times, some each time), and for this purpose spent HRK 38.480.500,00.However, further elaboration revealed the following:When these events are grouped into some meaningful financial ranges of co-financing, it is even clearer how much insignificant, or almost insignificant, co-financing has been allocated. Thus, events with an amount of less than HRK 623 were co-financed 30.000 times, for which HRK 11.142.500,00 or a total of 28,96% of available funds was spent.Given the rich experience in organizing sports events of all levels, I wonder how much 10.000 or 30.000 kn can help a serious event? In particular, the budget of the 100 Miles of Istria race broke the amount of 1,5 million kuna with a serious upward trend. On the other hand, it is obvious that the “big players” carefully donate to the limits of de minimis.However, in addition to the “technical” fact that the allocated funds do not significantly affect the quality of these events, this concept of allocation of funds (again) calls into question the very basis of financial assistance, which is, I repeat: product improvement, creating a recognizable image of Croatian tourism and the country as a whole, and enriching the supply in the pre- and post-season. If a certain co-financing almost does not help the organization of the event at all, then isn’t it contrary to the proclaimed principles and goals to give insignificant co-financing to one event, and to that extent to deny those events that realize the proclaimed principles of quality, pre- and postseason, promotion? In short, the CNTB undermines its own principles, and the principles of the entire country, in the development and promotion of tourism and Croatia by inappropriately allocating financial support!The next question to ask is: with how much money and how many times do you have to co-finance the event until it gets on its feet and becomes self-sustaining? Which brings us to the absolute winners of event co-financing programs over the past five years. And that is 11 manifestations in a row.A cursory review found that these are mostly commercial projects, moreover projects that give big cash prizes (ATP € 482.000, Swatch Major $ 800.000) while at the same time some do not even charge tickets but attract guests with free admission and boast a visit of over 60.000 viewers. In the middle of the main tourist season. Bravo.If we look at the available data from a different angle, if we ignore the fact that many events take place in the summer season, we come to the following presentation which carries two major problems:a huge part of the total funding “takes” only a few top events;in total a huge number of events receive a significant share of co-financing.But, realistically, each event receives a ridiculously small amount of co-financing (on average around HRK 8.000 or HRK 28.000) and it does not have any positive impact on the quality of maintenance, visitor profile, improvement of the promotion. So, co-financing without which things would remain the same, co-financing that should be invested much more meaningfully.It should be noted that it is not necessary to co-finance a large number of events and projects of unclear purpose, but quality events. Equally too much allocation for large budget events, profit type and otherwise self-sustaining, often with questionable satisfaction of tender criteria, is equally harmful because it spends a budget that in the case of events with clear goals and effects would give much better performance and be fully compliant. with tender criteria and principles of functioning of the CNTB. Istrian CountyList of remaining concluded contracts in IZ2017 https://www.istra-istria.hr/uploads/media/170724_Preostali_ugovori_do_07_2017.pdf The CNTB tender system does not follow the idea of ​​the CNTB’s work guide;Tenders are announced with unclear criteria, decisions are unclear and do not follow the rules defined in the tenders themselves;events that do not have tourist significance are encouraged, events that should not receive incentives from the tourist “coffers” and events that do not have a clear business policy (at least from the aspect of tourism);the concept of money distribution, ie the system of values ​​and incentives is not focused on quality and excellence but on averaging, on the social and political component and on satisfying as many people as possible instead of those who develop quality and contribute to Croatian tourism;in addition to the previous paragraph, the manner of distribution of funds by counties also contributes to this;the reasons for the distribution of incentives are unclear and raise suspicions of illegal and immoral decisions;the call for tenders and the results (hence the co-financing) are delivered approximately one year too late;the results of the Public Tender are published in a highly non-transparent manner without a visible list of points earned. Obviously, there is a strong need to co-finance these events, so I suggest that these events be excluded from the public tender for 2018, since their co-financing is practically guaranteed and that a special program is opened for them or agreed by direct agreement.It is interesting that Ironman Pula in 2016, as a TOP event, received HRK 100.000, while in 2017 it was transferred to the program of support for national and regional events and there it received HRK 50.000. What does that actually mean? That the CNTB funded Ironman last year as a TOP event so that it did not live up to expectations? Isn’t Ironman still a TOP event? All this raises the question of evaluation and analysis of co-financed events. And here I ask the CNTB very clearly: show me the justification of the investment, give me an analysis of how the number of overnight stays and spending has increased. What is the scope of promotion in emitting and other markets? I am sure that a serious institution like the CNTB has very clear criteria and an evaluation of the justification of the money invested, so this should not be a problem.WHAT EXACTLY IS CO-FINANCED?You know that saying “from needle to locomotive”? This is exactly the case with co-financing. From mega projects to local mini events, from international spectacles to local parties for citizens. However, which branches do we cumulatively fund?If you organize music events, carnivals, tuna fishing, Advent organization or, in any case, mini golf, it is almost certain that at least 90.000 kn is waiting for you. It is an interesting fact that the City of Zagreb persistently registers exhibitions in the program of national and regional events. Thus, for two exhibitions (Nikola Tesla – Mind from the Future and the Exhibition of Famous Artists from the famous Maeght Foundation) they received co-financing in the amount of HRK 60.000. I don’t know what the effect of these two exhibitions is on total overnight stays and consumption, but I guess the CNTB knows.In general, in the Republic of Croatia there are several levels of co-financing of events, listed from the local to the state level:local governmentslocal tourist boardcountycounty tourist boardCroatian tourist agencystateOn paper, this vertical authority works great however how do these levels work and are they really vertical? Judging by the results of various competitions in 2017 – they are not. One would expect that each level would deal with its own competence, and that the level above would have information on how many levels below co-financed the event, that would be logical, right?I have a limited set of data for this issue, but I believe that the issue is repeated in all environments. From the data I managed to excavate in Istria, I came to the following table. Namely, some events are funded at all levels of competence. The table lacks funding from the lowest level, so it does not list funding for local government and local tourist boards.What do we do about it? Well, for starters it would be good to detect levels of competence according to the following suggestion:In this way, quality would stand out, and each level would act on its events much stronger and better, and the effect would be greater, both promotional and quantitative, and ultimately qualitative.IS EVERYTHING REALLY ACCORDING TO THE RULES?A good question to which we cannot give a clear answer because the results of the Public Tender were published in a very non-transparent way. Namely, it is not clear how many and which events applied, it is not clear who did not meet the conditions of the competition and why, it is not clear who is the organizer of events that received co-financing and in the end very important – no scoring according to public tender criteria. Enough shortcomings to ask if there is a basis for embezzlement and corruption. Again, I’m not saying there is any of that, but there are no clear indications that there isn’t.AND THE FINAL QUESTION OF ALL QUESTIONS – WHY DIDN’T 100 MILLIONS OF ISTRIA GET SUPPORT?After an extensive analysis and an attempt to understand the CNTB’s co-financing strategy, this issue simply cannot be avoided. Thus, the criteria in the Public Invitation are very clear, and are listed exhaustively in the table (the class applicable to the event is marked in yellow). 100 Miles of Istria):The condition for the award of the grant is that the registered programs achieve at least 90 points.So let’s start, how many 100 Miles of Istria would win points according to the criteria of the CNTB?a / real 20b / conservative * 15b / conservative * 10b / real 10a / real 15b / real 3a / real 10a / real 15d / not applicable ** 3                         TOTAL 101* conservative means that a higher class of points can be freely applied** not applicable means that there is no category for media coverage of the event – the smallest class is taken / realistically followed by media in all countries that organize UTWT races, on French television in the form of reportage and on social networks by sharing high quality photo and video content /Thus, the points earned according to the criteria meet the basic condition for co-financing, however co-financing is not awarded. I ask very clearly – WHY?That I am absolutely right when I say that we are brutally damaged is proved by at least four other manifestations that received co-financing, and are engaged in the same or very similar activity. To analyze:To make matters worse, I do not know whether the CNTB is aware that such a co-financing policy creates an imbalance in the market and significantly violates the equality of market operations! Firstly, events that do not return anything to the state through VAT are co-financed, and secondly, these are events that address the same population as the 100 Miles of Istria race.WHAT ABOUT EVERYTHING?Finally, I list the summary items stated in the text.Problems of the current system Author: Alen Paliska, director of the event “100 miles of Istria”Data sources Suggestions for future system improvementslast_img read more

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MIND.ID unlikely to issue new bonds until Freeport pays dividends

first_imgState-Owned Enterprises (SOEs) Minister Erick Thohir said in a statement on Tuesday that the appetite “proves that international businesses still trust Indonesian SOEs”.Read also: Explainer: New rules in revised Mining LawOf the total funding, 40 percent is slated to be used to refinance older bonds at lower interest rates, added the minister.The remaining 60 percent will be used to acquire Brazil-based nickel mining heavyweight PT Vale Indonesia and pay off subsidiaries’ debts. Prior to Vale, MIND.ID acquired a majority stake in Freeport Indonesia, previously owned by United States-based mining giant Freeport McMoRan, which operates the world’s largest gold mine located in the poverty-stricken Papua province.Topics : State-owned mining holding company MIND.ID is not planning to issue new bonds after raising US$2.5 billion in its latest debt offering as it expects to receive dividends from a recently acquired mining operation.MIND.ID president director Orias Petrus Moedak said on Friday that the company was unlikely to issue new global bonds until after miner PT Freeport Indonesia started paying dividends to the holding company in 2021. The influx of dividends would lower MIND’s debt-to-earnings ratio, which was currently considered too high.Read also: Freeport cuts workforce at Grasberg mine as coronavirus cases in area rise “We also have no need for [additional credit]. Our funding needs have been met with this latest offering,” he said.The mining holding company, which operates under the name PT Indonesia Asahan Aluminium (Inalum), raised $2.5 billion from a global bond offering earlier this month. The bonds were oversubscribed by a factor of 6.4, indicating strong investor appetite. They consisted of $1 billion in five-year bonds with a 4.75 percent coupon rate, $1 billion in 10-year bonds with a 5.45 percent coupon rate and $500 million in 30-year bonds with a 5.8 percent coupon rate.Orias said foreign investors were attracted by the bonds’ competitive rates relative to the company’s ratings of Baa2 and BBB- from rating agencies Moody’s and Fitch, respectively.“Investors also looked at our corporate governance and future plans. American investors, particularly, were interested in the long term tenures,” he told reporters via videoconference. last_img read more

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New Product Awards 2019: the winners

first_imgFrozen meals & accompanimentsBannisters Yorkshire Family Farm Garlic & Rosemary Roasting PotatoesAn “exciting new idea” from Bannisters Yorkshire Family Farm, this product impressed with its “Yorkshire provenance”. Judges loved the taste of rosemary and garlic, which was “delicious but not overpowering”. They also praised the attractive packaging. “This is a good trade-up on standard roasties,” said one expert.Highly CommendedBirds Eye Chunky Fish FingersFinalistsBirds Eye Sweet Potato WafflesStrong Roots Broccoli & Purple Carrot Bites Gluten-free – SweetFreaks of Nature Dairy & Gluten Free Chocolate Fudge Hot PuddingSweetened with coconut sugar and coconut nectar, this single-serve dessert is a cacao sponge with a dark chocolate fudge sauce. Shoppers considered it to be new and different. They were also delighted by its “excellent taste” and “very nice soft texture” – though some felt it was “a bit small for the price” of £2 for 100g. Our experts called the pudding “convincingly indulgent”. The pack design and glass ramekin also drew much praise.FinalistsNairn’s Gluten Free Oat BarSchär Melto Cakes & biscuitsReese’s Rounds BiscuitsWith a “balanced flavour”, these sweet biscuits had “good peanut butter taste without being overpowering” our experts said. Shoppers favoured the “crunchy” biscuit and “smooth” chocolate, though some found the peanut butter “sickly”.Highly CommendedFlipz Milk Chocolate Coated PretzelsFinalistsCadbury Heroes CupcakesFox’s Chocolatey Squares Luxury BiscuitsFox’s Party Rings Party BucketMcVitie’s Jaffa Cakes NibblesMr Kipling Unicorn Slices Alcoholic drinks77 Blush Grapefruit & Rose Gin LiqueurThis “distinctive, sharp drink” offered “rose on the nose” and was “easy to drink” according to our expert panel. There was praise for the “grown-up taste” and “giftable” bottle. Shoppers said the liqueur was an “inventive” variant and “refreshing”, though some considered it “more of a girl’s drink” than an all-rounder.Highly CommendedNeptune Rum GoldFinalists77 Berry Raspberry & Pomegranate Gin LiqueurBalans LimeStowford Press Mixed Berries CheeseBoursin Velvety – Garlic & HerbThis whipped version of the well-established “standard” Boursin offer impressed our judges. They were extremely excited by this “high quality” product, which they said was “utterly delicious, fluffy, light and airy”, with a “traditional Boursin flavour”.Highly CommendedAl Fresco Cheese Sausages (Plain) Baby & toddler foodElla’s Kitchen Organic Melty Sticks – Cheese & AppleThis “very innovative” finger food for weaning was “on trend” and a “great big size for kids to hold on to” according to our expert judges. Shoppers were equally pleased. The snacks had a “great taste” and were handy when on the go.Highly CommendedPiccolo Organic Mighty Squeeze Pear, Pea, Banana & AvocadoFinalistsBabease Organic Beef RaguKiddylicious Little Bistro Oaty Porridge – Blueberry FlavourLittle Freddie Grass Fed Beef Lasagne with a Pinch of Parmesan SoupYorkshire Provender Super Broccoli Soup with Yorkshire CheddarThis low-fat soup’s branding, informative packaging and provenance attracted shoppers. They called it an “unusual mix but tasty”. It was “creamy” and “nice and thick”. Their view was shared by our experts, who admired the product for being healthy “without compromising on taste”. It was “very well made” with a “perfect” level of salt.Highly CommendedYorkshire Provender Aromatic Thai Carrot SoupFinalistsHeinz Pot Soup – Cream Of TomatoYorkshire Provender Omero’s Red Pepper Soup with Chorizo Vegan & vegetarianPukka Veggie Leek & Potato Pie in a Creamy Cheddar SauceA “new and exciting” product, Pukka’s pie was considered “a handy size for midweek meals”. Judges praised it for being “extremely delicious” with a “generous filling” and “flexitarian appeal”.Highly CommendedLa Boulangere Vegan 6 Pains au ChocolatFinalistsLa Boulangere Vegan 6 CroissantsThe Meatless Farm Co Plant Based MinceGosh! Veggie Sausages with Sage & Black PepperGoodfella’s Vegan Stonebaked Falafel Pizza Sports nutrition & weight managementWow Hydrate Protein – Summer FruitsWith 4g of collagen protein per 100ml, this 500ml sports drink is aimed at “refuelling the body without carbs or sugar”. Positive comments from shoppers included “refreshing” and “nice taste” – while our experts admired the “novel format” of the bottle’s push cap that ‘fires’ ingredients into the liquid.FinalistsBam Organic High Protein Banoffee ShakeGrenade Carb Killa Birthday CakeSlimFast Advanced Vitality Berry Blast Meal Replacement ShakeSlimFast Advanced Vitality Strawberry & Blueberry Burst Meal Replacement Shake Low fatSharwood’s Low Fat PoppadomsThis Indian-inspired product from Premier Foods provides just 0.9g of fat per 100g. Judges praised its “good poppadom flavour” and a level of rigidity that was “good for dipping”. Shoppers felt it would make a “good low-fat weeknight standby or a weekend treat”. However, some said the salt content was too high, which rather cancelled out the health benefits of the lower fat claim. Additionally, some thought the price was too high, at £1.99 for 94g.FinalistsWall’s Sausage ThinsUnearther Reduded Fat Milano SalamiSacla’ Reduced Fat Basil Pesto In a glittering ceremony at the Marriott Hotel in Grosvenor Square, London this week, 147 new products in 32 categories were shortlisted for the New Product Awards. Read on to find out who won what and why,Adult soft drinksFentimans Valencian Orange Tonic WaterThis “excellent product” from Northumberland’s Fentimans would be “great with gin” shoppers said. They enjoyed the “very fresh flavour”, as did our expert judges, who praised the “lovely aftertaste” of this “authentic” mixer. “The packaging is ideal” they added. Gluten-free – savouryWhitby Seafoods Gluten Free Wholetail Scampi“Crispy and tasty scampi with nice large pieces,” said shoppers. Our experts were similarly impressed. “Genuinely delicious whether you’re gluten-free or not,” they enthused.Highly CommendedThe White Rabbit Pizza Co The Cheeky Chorizo Gluten Free PizzaFinalistsAmy’s Kitchen Breakfast Scramble WrapMash Direct Beer Battered Onion RingsThe White Rabbit Pizza Co The Mozzarella Master Gluten Free PizzaWhitby Seafoods Gluten Free Cod Fillet Goujons BreadsDeli Kitchen 4 Sliced FocacciaA “simple but well-executed concept”, this focaccia from Signature Flatbreads, sold under the Deli Kitchen brand, won favour with our judges, who praised it for being “good value (rsp: £1.35 for 360g), family-friendly, and convenient”. The consensus was that the focaccia delivered to high-quality standards and was “tasty, soft and light”, making it a great alternative to sliced bread.Highly CommendedDeli Kitchen 6 Brioche Folded FlatbreadsFinalistsMission Kids Disney Kitchen Strawberry Flavoured WrapsMission Kids Disney Kitchen Ketchup Flavoured Wraps Cooking sauces & marinadesBelazu Rose Harissa PestoThis “fantastic” pesto was named by our judges as the overall NPA winner. It was described as “scrummy” and “very tangy, full of flavour, with a subtle kick”. They hailed it as being “great value for money, and a very elegant brand” and as a “store cupboard must-have”. “A great deal of thought and care went into the whole product,” they added. “Overall, this is a fantastic product.”Highly CommendedPetti Organic Datterini Tomato Passata with White TruffleFinalistsHomepride All-American Mac & Cheese, ClassicSharwood’s Japanese Katsu Curry Sauce DessertsCoppenrath & Wiese Apple Caramel Crumble TartThis “exciting, new” frozen dessert from Coppenrath & Wiese was considered attractive, with the “novel recipe twist” proving particularly appealing. Judges felt it was an innovative product in terms of the selection of ingredients, and they praised the low price point (rsp: £1.50 for 500g). They also agreed it tasted “homemade”.Highly CommendedGü Limited Edition Salted Caramel CheesecakesFinalistsCoppenrath & Wiese Profiterole GateauCadbury Dairy Milk Caramel CheesecakeCadbury Dairy Milk Cheesecake Dairy-freeCalifia Farms Chocolate Soy Free Coconut Almond BlendThis blend of water, sugar, coconut, almonds and chocolate performed well with buyers of plant-based products. They called it “delicious” with a “nice aftertaste”. At £2.29 for a 750ml, it was “pretty good value”. Our experts praised the “delightful premium packaging”. The product was “well-executed” and “easy to drink”.Highly CommendedAlpro Oat Unsweetened DrinkFinalistsAlpro Caffe Ethiopian Coffee & Soya Caramel CupInnocent Unsweetened Hazelnut Dairy spreadsPrésident Butter with Sea Salt CrystalsThis French-produced butter from Lactalis McLelland was praised by judges for its attractive presentation. The plastic, butter dish-style pack was “sure to be noticed in the chiller cabinet”. Our experts praised the butter’s “creaminess and smoothness”. Many shoppers were also keen. They liked the “good colour” and “smooth texture”, though some were put off by the salt crystals.A premium option (rsp: £2.50 for 250g), the butter was widely considered as more of an indulgence for use on special occasions than for every day.Highly CommendedLurpak Softest Probiotic drinksBio-tiful Cacao Kefir SmoothieThis “good quality” smoothie was “authentic” said our panel of expert judges. It had “great texture”, “nice sweetness” and was “generally quite impressive” they added. But they felt it might be a “touch sour for the younger mainstream”.Highly CommendedWilly’s Natural Energy Drink made with Apple Cider Vinegar & Green Tea KombuchaFinalistsCaptain Kombucha Atlantic RaspberryWonder Drink – Asian Pear & Ginger KombuchaWonder Drink – Green Tea & Lemon Kombucha Pet food & treatsLily’s Kitchen WoofbrushOur experts said this ‘toothbrush’ chew for dogs was a “clever concept” and “reassuringly approved by vets”. Shoppers rated it as “excellent” and effective in freshening dogs’ breath.Highly CommendedCrave Chicken & Turkey Dog Dry FoodFinalistsBarking Heads Beef WaggingtonBlink Fish Fillets & Roasted Chicken Complete Cat Food PouchButcher’s Nourishing Food for Dogs Tripe 6 PackPooch & Mutt Chicken, Pumpkin & Pea CartonScrumbles Grain Free Turkey Wet Dog Food Store cupboardGü Hazelnut & Chocolate Crunchy SpreadAt £2.50 per 200g, this sweet spread was considered “great value for money” by our judges. They felt the proportion of nuts to chocolate was spot on, and were impressed by the sustainability credentials of the product, which contains no palm oil and is packed in a reusable glass jar.Highly CommendedDel Monte Fruit Fusions Gold Pineapple in Coconut WaterFinalistsJohn West Infusions Salad Tuna Fillets – Chilli & GarlicDel Monte Gold Pineapple Chunks in JuiceSarson’s Pickle in 15 Lightly Seasoned Vinegar BlendJohn West Easy Peel Mackerel – Smokehouse BBQ Sauce Healthier drinksDalston’s Soda Light – Real Squeezed RhubarbThis sparkling soft drink from artisanal brand Dalston’s was “easy to drink” and “smells good” according to consumers, though they found it “a little gassy” while some were a little put off by the “expensive” £1.09 price point. Our expert judges liked the soda’s “natural flavour of rhubarb” and the fact it was “not too sweet”. The overall product felt “sophisticated and grown-up” they said, and would mix very well with vodka and ice.FinalistsHighland Spring Still Water Eco BottleRed Bull Sugar FreeRed Bull Tropical Edition Sugar Free ConfectioneryVimto Jelly BabiesA “well-executed combo of two classics” said our experts.Highly CommendedCadbury DarkmilkFinalistsDivine Chocolate Rich Dark Chocolate with Turmeric & Ginger 85%Doisy & Dam Maple, Toasted Rice & Pink Salt SnapsHaribo SquidgletsJoe & Seph’s Milk Chocolate Popcorn BitesWalkers Nonsuch Salted Caramel ToffeesSeed & Bean Organic Sweet Orange & Thyme Fine Dark Chocolate Mini Bar Healthier sweet snacksNairn’s Coconut & Chia Oat Biscuits – 55% Less SugarDescribed by Nairn’s as its “lowest-sugar biscuit yet”, this innovation is sweetened in part by dietary fibre and promises to contain “55% less sugar than the average sweet biscuit”. Each Nairn’s biscuit in the 200g pack provides 45 calories. Our experts said it was “justifiably healthier without compromising on taste”, though it was “a little dry”. Consumers felt the “excellent quality” snack “would go well with cheese” and was “value for money” at £1.39.FinalistsBenecol Blueberry and Cranberry Fruit & Oat BarBounce Salted Caramel Protein Energy BallFulfil Chocolate Salted Caramel Vitamin & Protein Bar FinalistsAl Fresco Barbecue Camembert with Honey & Thyme SauceAl Fresco Cheese Steaks (Chilli)Ilchester Wensleydale with Elderflower, Blueberry, Lemon & Rose Petals Non-foodAquafresh AdvanceThis toothpaste for kids aged nine to 12 was well received by shoppers. They were attracted to the packaging, and delighted by the “very minty” taste. Our experts said it was “very well thought-through” and provided “good information”.Highly CommendedSoapberry Sensitive Water WipesFinalistsEasiYo Yogurt Starter KitEnergizer Ultimate Lithium Battery Coin CR2032Little Soap Company Organic Bar Soap Grapefruit & OrangeOPSO Reed Diffusers: Home Fragrances Made from Natural Tree Resin – Nordic Birch Forest Highly CommendedFentimans Pink Rhubarb Tonic WaterFinalistsDrench Mandarin & LemonFranklin & Sons Succulent Pomegranate & Floral Hibiscus with Delicate RoseThe Artisan Drinks Company Violet Blossom Tonic Hot drinksTea India – Harmony & BalanceWith its blend of fennel, cinnamon, tulsi (holy basil) and ginger, this herbal infusion was praised by shoppers for its “gorgeous strong taste”. It was “very easy to drink” they said. Our experts, meanwhile, were attracted to the “intriguing ingredients” and “delightful packaging”. All in all, “not a bad cuppa” they said, though they didn’t think it the most innovative addition to its category.FinalistsCosta Coffee Latte Pods – Dolce Gusto CompatibleDualit Compostable Coffee Bags – Intense BlendDualit Compostable Coffee Bags – Sumatra Mandheling Blend Healthier crisps & snacksCorners Pop Veggie Crisps Sea Salt & BalsamicThese pop veggie crisps were considered an “exciting new idea” by our experts, who agreed the texture was “crispy and crunchy” and the packaging design was attractive. Although shoppers felt the product was quite expensive, at £1.80 for 85g, they said the flavour was “lovely” and the taste of sea salt “really came through”. The fact the product is made from vegetables was also a plus.Highly CommendedCoconut Puffs – CheeseFinalistsCoconut Puffs – Thai ChilliCorners Pop Protein Crisps – Sweet Barbecue BreakfastGoFigure Muesli – Matcha Tea & PistachioThis “innovative” product tasted great, and provided a healthy on-the-go breakfast. A single-serve format, it sparked a great deal of interest among our judges, who were impressed by both the taste and the innovative use of “on-trend” ingredients (matcha tea and pistachio). They felt this would likely attract a millennial audience. They also praised the product for the fact it didn’t use any plastic as part of its packaging. Again, this would likely chime with consumers, many of whom care deeply about the issue of plastic pollution. Some, however, felt the price of £1.75 for 75g was “a bit steep”.FinalistNestlé Box Bowls Chilled savourySushi Discovery BoxThe Sushi Discovery Box from the Hana Group was commended by shoppers as an “exciting new idea”. They loved the freshness and the “vibrant” appearance. A good weekend treat, the sushi was “delicious, tasty and moist” consumers added. Judges agreed this was “better than the average supermarket sushi”, praising its “relevance and versatility”. It was “a good option for grab and go”.Highly CommendedUnearthed Iberico Presa Free Range PorkFinalistsGinsters Cornish Handcrafted Cornish PastySmörgåsbord Original Swedish Meatballs CondimentsHellmann’s Vegan MayoThis “great product” from Hellmann’s was considered a “new and exciting idea” and “bang on trend”. It impressed judges with its “strong” texture, attractive packaging and impressive branding. Though “a little on the expensive side” at £2.15 for 270g, it was a “great alternative” for those following a vegan lifestyle. The “Hellmann’s quality was not compromised” and it tasted “just like regular mayonnaise”. Some even said they would choose this product over regular mayonnaise, and remarked it would make “a great pot salad”, while shoppers enjoyed the “good taste and colour consistency”.FinalistHeinz Tomato Ketchup No Added Sugar & Salt Crisps & snacksMcCoy’s Muchos – Sour Cream & OnionThis tortilla snack from McCoy’s, “inspired by the street kitchens of Mexico”, impressed our judges with its “crispy and crunchy” texture and spicy flavour. For some shoppers, though, the price of £1.99 for 180g was an issue.Highly CommendedWalkers Max Strong – Jalapeño & CheeseFinalistsMcCoy’s Muchos – Smoky Chilli ChickenHula Hoops Flavarings – SpicyHula Hoops Flavarings – Tangy CheesePropercorn Salted Microwave PopcornSensations Street Mix – Mexico City Ready mealsMushroom Pesto Pasta Meal KitThis meal kit from Muscle Foods, designed for a “no-fuss no-waste” approach “brings something new to the category”. Our judges said the flavours were delicious, and the serving size “very generous” for one person. They also said they felt the concept was “innovative and exciting”. They praised the meal kit for being a “convenient, no-waste offer”, and would be a “good standby” as a mid-week meal solution.Highly CommendedPrep Co – Thai Green CurryFinalistLoyd Grossman Pasta Italia Pots – Sundried Tomato and Basil How our New Product Awards work – and how to enter in 2020Each product in The Grocer New Product Awards undergoes a two-stage assessment. It is first tried and tested by at least 50 consumers, all under controlled conditions, and assessed for visual appearance, taste, texture, packaging and value for money (among other measures) before moving on for further evaluation by our expert panel. Products are then, where relevant, prepared in professional kitchens, as they undergo scrutiny by expert judges, with the combined scores from the two stages used to determine the winners.Former winners have described the process as “fantastic recognition” for all their hard work, providing opportunities to build up bigger and better retail listings, and “reinforce a brand’s premium credentials” by walking away with a prestigious and hard-fought award.And from the moment our 2019 winners are crowned at a glittering ceremony at the Marriott Hotel in Grosvenor Square hotel this week, registrations will be open for next year’s competition.So, whether you’ve launched a healthy snack, a premium bodywash, an exquisite dessert or the next big thing in gut health, head straight to thegrocernewproductawards.co.uk to register.Brands that believe they have the winning formula across one of numerous food, drink and non-food categories can register their interest immediately by heading to the New Product Awards website, where all 2019 finalists, winners and photos will be published.Entries for the 2020 awards will officially open from December this year. The deadline for entries will be in late February 2020. YoghurtOnken Naked Yogurt – Peach & Passion FruitThe fact this yoghurt from Onken has only three ingredients was a big draw for judges and shoppers alike. Judges hailed this product for its “clean and clear packaging design”, as well as its “smooth” texture and “creamy, fruity” taste. Shoppers agreed this would work well as a mid-week snack, though they agreed that its high quality was such that it would work equally well as a weekend treat.Highly CommendedTims Dairy The London Collection Mango & Turmeric Greek Style YogurtFinalistLizi’s Vanilla Breakfast Drinklast_img read more

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