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Serviced offices: a growing impact on the market place

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Hammerson shares hit 10-year high

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Towering ambition: an American developer in London

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Lawyers criticise new procedures for leases

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How to … Tap in to the new serviced office era

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Transparency targets

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L&G fires up retail market with £90m Preston sale

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Indonesia to halt migrant worker placement in mainland China amid virus outbreak

first_imgThe Manpower Ministry has announced it will ask Indonesian migrant worker placement companies (P3MI) to stop placing workers in mainland China and will tighten screenings of future departures to Hong Kong and Taiwan amid the novel coronavirus outbreak.The ministry’s head for migrant worker protection during the placement period, Maptuha, said at a press briefing in Jakarta on Friday that the ministry would send letters to the companies to appeal for the suspension of placements after the government imposed a travel ban to and from the region on Wednesday.As for Hong Kong and Taiwan, the government would ask the companies to tighten their screenings of migrant workers’ health prior to placement, given that no travel ban had been imposed on the regions. “We are not tightening in terms of numbers of migrant workers placed there. However, in terms of requirements, we will re-verify their medical check-up results. We will also provide migrant workers with information on the novel coronavirus outbreak to make sure they understand what is going on in those countries and understand the risks of going there,” Maptuha said.Data from the ministry showed that Indonesia had placed 6,130 migrant workers in Taiwan, 4,955 in Hong Kong, 1,410 in Singapore, 5,750 in Malaysia, 283 in South Korea and two in Macau and mainland China respectively in January.A 44-year-old Indonesian domestic helper in Singapore was the first Indonesian to have tested positive for the novel coronavirus. She is under isolation treatment at the Singapore General Hospital after she contracted the virus from her employer.Maptuha said that the woman had refused to have her identity revealed to the public and for her family to be informed about her condition.Following the travel ban, Maptuha said that Chinese workers currently on holiday for the Lunar New Year in mainland China would be given reentry permits to Indonesia, as long as they did not fly directly from the region and underwent thorough screening and quarantine upon their arrival in Indonesia.“Chinese workers that are in Indonesia, whose permits are about to end or have already ended, will be given extended permits of up to 30 days and will be allowed to return home if they want. We will give visas as long as they have work permits,” Maptuha said.As of Monday, there were 40,357 Chinese workers in Indonesia, who would be trained to maintain their health, Maptuha said.Topics :last_img read more

2020 Tokyo marathon only for elite runners after coronavirus case confirmed

first_imgOrganizers of the 2020 Tokyo Marathon have announced a change of plans for running the annual event because of a recent update on the coronavirus (COVID-19) outbreak in Japan.”Tokyo Marathon Foundation has been preparing for the Tokyo Marathon 2020 [on] Sunday, March 1 while implementing preventive safety measures. However, now that a case of COVID-19 has been confirmed within Tokyo, we cannot continue to launch the event with the scale we originally anticipated,” the organizers said in the announcement posted on the event’s official website, marathon.tokyo, on Monday.The Tokyo Marathon 2020 is only to be open for elite runners and wheelchair athletes, while the races in the remaining regular categories are to be postponed until the 2021 edition.The organizers said they would allow registered runners in the semi-elite, general, charity and 10-kilometer categories to defer their entry until the Tokyo Marathon 2021.Runners who have deferred entry until the Tokyo Marathon 2021 are required to pay the entry fees for the 2021 event. However, according to the event’s regulations as cited on the official website, the entry fees and donations received for the Tokyo Marathon 2020 will not be refunded. The cost of registration for non-Japanese starts at 6,700 yen (US$61) for the 10K and rises to 18,200 yen for the marathon.The organizers say future decisions are subject to change depending on circumstances.Read also: If you’re thinking of running a marathon this year, it could be good for your heartThe Tokyo Marathon is a World Athletics Platinum Label marathon and one of the six World Marathon Majors.The World Health Organization has warned against a global over-reaction to the new coronavirus epidemic following panic-buying, event cancellations and concerns about cruise ship travel, as China’s official death toll neared 1,900 on Tuesday, AFP reported.Meanwhile, three Indonesian crew members aboard the quarantined Diamond Princess cruise ship anchored off the coast of Japan have tested positive for COVID-19, the disease resulting from the coronavirus, Foreign Minister Retno LP Marsudi has confirmed.On Tuesday, Japan confirmed that 446 people aboard the ship had tested positive for COVID-19, Retno said. (nkn)Topics :last_img read more

India’s Yes Bank founder arrested on money laundering allegations

first_img“He has been arrested as he was not cooperating in the probe,” an Enforcement Directorate official who requested anonymity told AFP.Yes Bank confirmed the arrest.Officials earlier raided Kapoor’s sea-facing residence in an upscale Mumbai neighbourhood.The limit on withdrawals to 50,000 rupees ($678) every 30 days had sent customers rushing to Yes Bank ATMs and branches on Friday and Saturday in a desperate bid to retrieve their deposits. The State Bank of India, the country’s largest lender, said Saturday it was ready to invest 24.5 billion rupees for a 49 percent stake in Yes Bank as part of a Reserve Bank of India-backed rescue plan.”Twenty-three potential investors have approached us to invest and they include some very good names,” SBI chairman Rajnish Kumar told reporters.The Reserve Bank said Yes Bank’s weakened position was “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades”.India has been grappling with a liquidity crunch caused by the near-collapse more than a year ago of IL&FS, one of India’s biggest shadow banks — finance houses responsible for significant consumer lending.Yes Bank’s total exposure to shadow lenders and developers was 11.5 percent as of September, according to Bloomberg News.It has been struggling for some time to raise fresh capital to free itself of an increasing pile of bad loans in order to quell worries about its viability.The bank has over 1,000 branches and more than 1,800 ATMs across the country.Topics : The founder of India’s Yes Bank was arrested on allegations of money laundering Sunday, amid efforts to formulate a rescue plan for the country’s fourth-largest private lender.In a late-night move Friday, the Central Bank seized control and imposed withdrawal limits on Yes Bank, which has been struggling with bad loans.Rana Kapoor was arrested at about 3:00 am Sunday after being questioned for more than 20 hours by officials from the Enforcement Directorate, India’s financial intelligence agency, in Mumbai.last_img read more

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