PGGM ups stake in joint venture with construction company BAM

first_imgDutch pension giant PGGM has increased its stake in its joint venture with construction company BAM and the partners have started discussions about increasing their joint investments in infrastructure.PGGM paid €39m to BAM for upping its stake by 10 percentage points to 90% in the joint venture. It is looking to commit an additional undisclosed amount to increase its investments in infrastructure projects.Almost all of the €620m the €252bn pension investor committed in 2011 has now been invested. The two partners said they still see “plenty of opportunities” in infrastructure investments despite the coronavirus crisis.Through the partnership with BAM, PGGM invests in public-private partnerships in 23 infrastructure projects in the Netherlands, the UK, Ireland, Belgium, Switzerland and Germany, ranging from the building of the Dutch High Court in The Hague to the Silvertown tunnel in London. The impact of the coronavirus crisis on these projects had so far been negligible, said Natasha Mol, investment manager at PGGM.“This is because we get a fixed fee from the governments involved in the project,” she said. “So far governments have proved to be reliable creditors.”She added that the valuation of the infrastructure projects had also remained stable, resulting in positive returns in the second quarter of the year.Although BAM suffered a net loss of €235m in the first half of 2020 as it has been hit hard by the coronavirus crisis, PGGM insists it did not increase its stake in the joint venture with the construction company with the goal of helping BAM weather the crisis.“This is a conscious choice to increase our investments in this type of assets,” said Mol. “The long-term horizon and stable returns fit well with the demands of our client [healthcare pension fund] PFZW.”In another recent transaction, APG’s decision to increase its stake in Via Outlets was partly motivated by a desire to help out its other shareholder, UK real estate company Hammerson.“On the contrary, I don’t rule out that governments will increase investments because of the crisis”Natasha Mol, investment manager at PGGMThough the coronavirus crisis has put a strain on government finances, Mol believes it will not negatively impact the ability of governments to finance infrastructure projects in the future.“I haven’t received any signals of this kind,” she said. “On the contrary, I don’t rule out that governments will increase investments because of the crisis, for example in healthcare and education. And this may happen more often via public-private partnerships.”PGGM also invests in schools and hospitals through its infrastructure fund.In addition to roads and buildings, PGGM also invests in renewable energy assets within its infrastructure portfolio, which totals €8.9bn. It achieved a return on its infrastructure investments of -3.1% in the first half of this year, compared to a return of +7% in 2019.To read the digital edition of IPE’s latest magazine click here.last_img read more

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Batesville Invitational Middle School Golf Results

first_imgThe St Louis Golf Team finished their year, this past Saturday, at the 4th annual Batesville Invitational.The tournament featured teams from Batesville, Greensburg, Rush County, and Franklin County.St Louis finished middle of the pack with a total team score of 230. Leading the scoring was Brandon Simmermeyer followed by Adam Voglesang, Jon Grieshop, Cayden Pohlman, and Cody Mohr.Courtesy of Cardinals Coach Randy Streator.BMS could not have asked for a more beautiful day to host their tournament on Saturday. It was a successful day on the course for the Bulldogs, as well. BMS Team 1 brought home 2nd place after losing in a tie breaker with Greensburg with a 183.Drew Wagner was the tournament medalist firing a 41. He was followed closely by Austin Pohlman who was second with a 43. Other Team 1 scores were Brett Wagner (47), Zach Wade (52), and Dean Campbell (53).BMS Team 2 finished the day in third place with a score of 211. They were led by Sam Emmons who shot a 48. Other Team 2 scores were Emma Weiler (50), Chase Cummings (55), Kylar Daulton (58), and Tori Harpring (61). Emma Weiler finished the tournament with the second low score for girls. Other scores for the Bulldogs were Logan Fletcher (57), Kyle Williamson (61), Conor Powell (64), and Courtney Chambers (65).The Bulldogs finished their season with a record of 18-2.Courtesy of Bulldogs Coach Sheryl McCreary.last_img read more

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Daniel Sebag retires as CFO of Amaya Inc

first_img Submit Share Amaya governance proposes name change to ‘The Stars Group Inc’ May 12, 2017 The new betting ecosystem: sharks, fish, whales and the trawlermen – part 2 September 21, 2018 Further to today’s corporate update on its revised full-year 2016 guidance, the governance of Toronto TSX-listed Amaya Inc has informed stakeholders and the media that Daniel Sebag has retired from his leadership role as Chief Financial Officer (CFO).Sebag leaves Amaya following ten years’ service as Amaya’s first ever CFO. Announcing his departure, Amaya governance stated that Sebag had played a critical role during key stages in the firms history,  helping Amaya transition from a start-up to a global leading online gambling operator through its $5 billion acquisition of Rational Group assets in 2014.Amaya governance has informed that it has begun its executive search for Sebag’s replacement appointing Spencer Stuart as its recruitment lead, advising Amaya boards on candidate selection.Issuing a corporate statement Divyesh Gadhia, Chairman of the Board of Amaya Inc, commented on the departure of Sebag; “Daniel has been a passionate and dedicated steward of Amaya’s growth into a global gaming leader and helping to position it for the future. On behalf of the company”.I would like to thank him for his contributions over the years. We wish him all the best in his retirement.”“I would like to thank him for his contributions over the years. We wish him all the best in his retirement.” StumbleUpon Amaya promotes David Carrion to Director of Marketing for PokerStars June 26, 2017 Share Related Articleslast_img read more

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Devs Hack iPhone API for True Augmented Reality

first_imgWhy Tech Companies Need Simpler Terms of Servic… Tags:#NYT#Real-Time Web#web Top Reasons to Go With Managed WordPress Hosting An international team of computer scientists has created software that lets anyone perform on-the-fly analysis of live streaming video on the iPhone. Used alongside existing methods of displaying data on top of the camera’s view, this new functionality signals a fundamental change in the kinds of Augmented Reality (AR) that iPhone developers can create. Existing AR apps, like Yelp, Layar, Wikitude and others display data on top of a camera’s view but don’t actually analyze what the camera sees. This new development changes that.The iPhone has a private API for analysis of live-streaming video but developers’ requests that it be made accessible haven’t been granted by Apple. The new software opening up access to that API was made freely available to anyone this morning by the team that built it.The Visual Media Lab at Ben Gurion University in collaboration with HIT Lab NZ wrote the code in question and unveiled it along with video demonstrations at the AR-specialist blog Games Alfresco today. The unveiling comes just days before the International Symposium on Mixed and Augmented Reality in Orlando, Florida.In a demonstration video the team showed how software built on top of the now-exposed API could look at a 2D image drawn on paper and render the image in 3D. Then the 3D rendering is subjected to a physics simulation. This is of course just one use-case. Video AR-enabled software could do almost anything in direct response to the actual images seen through the iPhone’s camera view, in real time. Image processing locally will be easier and faster than comparison with a large number of related images, something that would likely require some connection to the cloud, but these are early days.GamesAlfresco author Ori Inbar calls this the dawn of an era of “user-generated Augmented Reality.”For the first time ever, the core code necessary for real augmented reality (“real” here means precise alignment of graphics overlaid on real life objects) on iPhone 3.0 is available to the publicHow will Apple respond? That’s a big question; the company has had an ambivalent relationship with the emerging field of Augmented Reality so far and exercises infamously obtuse control over applications distributed through its app store.For now the code is being distributed for its creators by Ori Inbar, whose email address to request it is available at the conclusion of his coverage on GamesAlfresco.The possibilities here are huge. While location-based AR is clumsy at best so far, due to the imprecise nature of GPS and mapping data, these kinds of object-centric AR tied to the actual viewed world open up a whole new world of potential developments. Let’s see what you’ve got, AR devs of the world! A Web Developer’s New Best Friend is the AI Wai…center_img marshall kirkpatrick Related Posts 8 Best WordPress Hosting Solutions on the Marketlast_img read more

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Farmers get major chunk in Madhya Pradesh budget

first_imgMadhya Pradesh Finance Minister Tarun Bhanot on Monday increased the budgetary allocation for farmers by 145% over the previous year to ₹22,736 crore. Presenting his maiden budget in the Vidhan Sabha here, he said, “Under the loan waiver scheme, the State government has waived loans to the tune of ₹7,000 crore of 20 lakh farmers in two months. For the remaining farmers, ₹8,000 crore will be set aside.”To resolve farmers’ issues and implement schemes successfully, Mr. Bhanot said the government has decided to set up a farmers’ advisory council, comprising farmers’ representatives. Moreover, under the Krishi Bandhu Yojana, farmers will be trained in farming techniques. Horticulture schemeTo improve the income of those involved in horticulture and food processing, the State government has decided to launch a horticulture and food processing scheme, for which ₹100 crore has been earmarked. The government has decided to cover fishermen and shepherds under the Kisan Credit Card scheme.For panchayat and rural development, ₹25, 015 crore has been set aside, which was 26 % more than the previous year’s allocation, he said Quoting scriptures to stress the importance of cows, Mr. Bhanot proposed to earmark ₹132 crore for cow welfare and three models to develop gaushalas in the State.The government has also decided to hike grant to the State Waqf Board and Haj committee as well, he saidThe social security pension for elderly, widows and disabled has been raised to ₹600 per month from ₹300. This may benefit more than 42 lakh people, he said.Stating the government has decided to reserve 70% of vacancies for locals in new private firms, Mr. Bhanot said, “Immediately after assuming office, the Chief Minister had directed that changes be made in the industrial policy to this effect.”Industrial policyAs for industrial investment, he said, the government has approved a pilot project for a land pooling scheme and formulated a new industrial promotion policy. Mr. Bhanot said a new startup and a micro, small & medium enterprises policy has also been drafted.last_img read more

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Recent Wilmington Real Estate Transactions

first_imgWILMINGTON, MA — Below are the real estate transactions in Wilmington that occurred from May 7, 2019 to May 14, 2019:Address: 3 Rhode Island RoadPrice: $615,000Buyer: Damon & Yolanda KennedySeller: Susan AndellaDate: 5/14/19Use: 1-Family ResidenceLot Size: 17,000sfAddress: 9 Strout AvenuePrice: $780,000Buyer: Jonathan Slusarz & Steve NobleSeller: Frank Gerbick & V. Taliaferro-GerbickDate: 5/9/19Use: 1-Family ResidenceLot Size: 26,090sfLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedRecent Wilmington Real Estate TransactionsIn “Business”Recent Wilmington Real Estate TransactionsIn “Business”Recent Wilmington Real Estate TransactionsIn “Business”last_img read more

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Sreemukhi warns Rahul against touching her Heres how Bigg Boss Telugu 3
first_imgSreemukhi and Rahul SipligunjTwitterSreemukhi asked Rahul Sipligunj not to touch her when he tried to grab the dragon egg from her in Tuesday’s episode of Bigg Boss Telugu 3. Their fight has sparked a big debate between their fans on social media.In Tuesday’s episode, Big boss kick-started a new task in which three contestants had to grab three dragon eggs placed in the garden area. The three successful housemates will enjoy a special advantage in the upcoming captaincy task. As per the task named Nene Raju Nene Mantri, the housemates were divided into two kingdoms – Vikramapuri and Simhapuri, while Vithika, Rohini and Siva Jyothi grabbed the eggs first. Have your say in the pollVote: Who among these 7 contestants should be eliminated from Bigg Boss Telugu 3 in week 4?Ravi KrishnaSiva JyothiVarun SandeshBaba BashkarRahul SipligunjRohiniSreemukhiSee results Return To Poll Vikramapuri with red flags was headed by Sreemukhi and Ali Reza, Ashu, Rahul and Mahesh were the members of the team. On the other hand, Himaja lead Simhapuri, which has blue flags and Ravikrishna, Baba Bhaskar, Punarnavi and Varun Sandesh were its members. Both the teams were to grab the eggs from the dragons and the dragons’ responsibility was to safeguard their respective eggs.The house witnessed a physical fight, as the contestants tried to snatch eggs from one another. During this process, Ashu complained that Rahul was favouring Vithika. When Rahul tried to grab the egg from Sreemukhi, the latter asked him not to touch her. The other contestants asked him to be fair. However, he successfully snatched the egg from her. After this, Ashu argued that Rahul was biased and favoured Vithika.Rahul, Ravi and Ali were successful in possessing the dragon eggs at the end of the first level. The Big Boss revealed that they were promoted to the second level in the captaincy task.However, Sreemukhi warns Rahul against touching her has sparked a big debate with the fans of both contestants getting into a heated argument on social media. Here is what they are saying about the scene.Aruna vedula karra @Arunaved272I didnt find anythng wrong when srimukhi shouted on rahul n asked not to touch…she was hurt coz even after choosng him in her team he betrayed her…he played the game differently wid navi n vithika..that was frustration speakng out loud..i support srimukhi #BiggBossTelugu3Chalamayya @chalamayya4#BiggBossTelugu3 #srimukhi said don’t touch me to #rahul she would say anything to protect his egg all the other girls fight with legs she doesn’t want to fight that’s it she doesn’t raise that he touched her after the game #rahul played for his ego group not for his team worstLakshmi Thirupathamma Karnati @Cinemaa_Pichi#SriMukhi dongala task appudu kuda, in #Rahul presence.. Nannu evaraina touch chesthe nachadhu andhi.. Same malli adhe disclaimer #Rahul daggare use chesindhi. I think valliddari madhya issues valla thanu specific ga #Rahul ki mathram chepthundhanukunta #BiggBossTelugu3 Yes.. Even yesterday also, he could have taken egg from #Punarnavi but Ali suspects #Rahul and he took egg from her. Though he accepted in the beginning not to attack #SriMukhi he cheated her #BiggBossTelugu3Namitha @rithika2016See u feel sumone as ur frnd bt he starts targeting ur character & profession so defntly u dont like him anymore & vl nt b comfrtabl with him. Its gud she is saying it aloud than making it an issue after wards. Rahul lost al respect from srimukhi side so she is avoiding him.Kausalarmy @kausalarmyWhy the fuck Srimukhi using woman card. Such a hypocrite, if she doesn’t want Rahul to touch her body in the game she has to leave the show #BiggBossTelugu3(`◕‿◕´) (`◕‿◕´) @proud_2beIndianI dunno where Srimukhi had told Rahul not to touch her in the task. If she had said,then Rahul n SriMukhi both r wrong. Game is Game Rahul for showing partiality n dint want to touch Vithika n Punar but ok to touch others. SriMukhi for asking not to touch her. #BiggBossTelugu3Social Comrade @Chaitan83060975#BiggBossTelugu3 Rahul double standards game play cheyachu ade style lo Sree Mukhi game adithe end of the day Ekada Sree Mukhi ne thappu! Ame Mida antha hatred enti ra babuKrishna @krishnas1433Genuine unna vallandaru ardam aipothunaru. Ninna srimukhi chesina paniki, women card use chesinappudu against vellina andaru cool. But rahul ki negative ki velthunaru, kavalni… srimukhi army pani adi. #BiggBossTelugu3 #Bigboss3telugu #Bigboss3teluguVinod @devildevelWe all saw #Ashu tried to expose #rahul how he handle #sreemukhi to point at him why he did not do the same to #vithika. Can a chamcha do that? Cannot be. #BiggBossTelugu3Unknown Author @writeurthought#BiggBossTelugu3 Both #SriMukhi and #rahulsipligunj played the game well. The only difference is Sri wanted her team(Rahul, Ali) to win, Rahul wanted his opposite group to lose. #RaviKrishna papam trying to join PVR. Okasari backstabbing aithe gani sakkaga avvaduNandeeshwar @SNandeeshwar#BiggBossTelugu3Andaru Rahul mida edusthunaru vadi istam evari dagara egg tiskovalante Valla dagara tiskuntadu me g em nosthundi ah srimukhi falthu plans vesi evvo evvo personals mataldthundi game lo avvi kanipiyatledhalast_img
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