Banda Aceh, Aceh (ANTARA News) - President Joko Widodo (Jokowi) has promised to raise the budget for village fund to Rp70 trillion in 2019 from Rp60 trillion this year. "We would continue to increase the budget for village fund. In 2019 the government would provide Rp70 trillion," the president said when socializing the priorities in the use of village fund in the building of AAC Dayan Dawood Unsyiah, Banda Aceh, on Friday. Thousands of invitees mainly village chiefs and apparatus yelled in excitement "long live Jokowi" in hearing the president`s announcement. The socialization program was also attended by Minister for Rural Affairs and Development of Backward Areas and Transmigration Eko Putro Sandjojo, and regional leaders including the acting Governor of Aceh, regents and city mayors. The president, however, warned the local leaders that fund could be used for rural infrastructure development to support rural economic development. The president went on to say village funds must … [Read more...] about Jokowi promsies to increase village fund in 2019
Funds
Engler looks away as Nassar victims slam fund’s end
Kim Kozlowski The Detroit News Published 3:18 PM EST Dec 14, 2018 The Michigan State University Board of Trustees meeting on Friday began like so many others over the past year: Several Larry Nassar victims and their allies lined up to make public statements about their frustration with how the university has handled the scandal over his sexual abuse. Most of the speakers said MSU failed the victims by ending the Healing Assistance Fund to pay for counseling services for survivors and their families. But Interim President John Engler cast his eyes down to a stack of papers, not making eye contact with many of the speakers as they addressed the MSU leaders — angering them further. "Engler! Your actions have shown again and again that you are only interested in the bottom line," said Leslie Miller, mother of Emma Ann Miller, a Nassar victim. "I would appreciate it if you would look at me while I am speaking." After Miller … [Read more...] about Engler looks away as Nassar victims slam fund’s end
When mutual-fund values get muddy
By Jason Zweig The Wall Street Journal Fri., Dec. 14, 2018 Investing dramas are often buried in the dullest-sounding documents. On Dec. 10, Highland Funds II, a series of mutual funds run by Highland Capital Management Fund Advisors L.P. of Dallas, filed a form with the Securities and Exchange Commission stating that it couldn’t complete its annual report on time because it “needs to finalize its accounting analysis for the fair value measurement of a fair valued security.” Why is that significant? On Nov. 8, investors in one of those funds, Highland Global Allocation, which currently has about $368 million (U.S.) in assets, approved a management proposal to convert it to a closed-end fund. The issue: Unlike an open-ended mutual fund, a closed-end fund doesn’t give you your money back at net asset value when you sell; instead, you must find a third-party buyer for your shares on a stock exchange. And you might not like the price you get. … [Read more...] about When mutual-fund values get muddy
Exclusive: Nissan probe into Ghosn trains lens on ‘CEO Reserve’ fund, Dutch unit
By Norihiko ShirouzuYOKOHAMA, Japan (Reuters) - Nissan Motor Co Ltd <7201.T> investigators are examining former Chairman Carlos Ghosn's use of an internal 'CEO Reserve' fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters.gi Ghosn and close associates spent money from a fund that some insiders dubbed 'the CEO Reserve' to help pay for residences used by the Ghosn family as well as for other personal expenses, the people said.Investigators are separately checking whether capital from some subsidiaries was also used to pay for Ghosn family residences and whether such payments were split into small chunks to escape checks by internal financial staff and auditors, they added.The existence of the fund and the investigators' scrutiny of how the subsidiaries' capital was used is being reported by Reuters for the first time.The two sources with knowledge of the … [Read more...] about Exclusive: Nissan probe into Ghosn trains lens on ‘CEO Reserve’ fund, Dutch unit
Business interests — which, reminder, helped fund candidates who oppose new transportation funding — now want the state to increase funding for transit
It’s one of the major disconnects in state politics in Minnesota: The same business organizations that have recently supported funding for transit projects (even getting behind calls for increasing the revenue to pay for it) are also major funders for the campaigns of politicians who are lukewarm on transit, dead set against light rail and oppose new revenue for transportation. That divide was apparent during a press conference at the Minnesota State Capitol Tuesday, when the leaders of the St. Paul and Minneapolis chambers of commerce joined with the head of a transit advocacy group to call for more state support for transit. The new coalition, Keep MN Moving, says it will push the Legislature to move ahead on arterial bus rapid transit (BRT) projects in the Twin Cities; fund more of the high-and-medium priority projects on Metro Transit’s service improvement plan; fully fund Metro Transit’s operation costs; and fully fund transit needs in Greater Minnesota. … [Read more...] about Business interests — which, reminder, helped fund candidates who oppose new transportation funding — now want the state to increase funding for transit