O’Donovan calls for engagement on O’Connell Street redevelopment plans

first_imgPrint Cllr Elisa O’Donovan and representatives from Limerick disability groups on O’Connell Street for the access audit. LIMERICK people have only a few days left to submit observations on the O’Connell Street revitalisation project, with an observation deadline of Friday September 6. The call for greater engagement follows an accessibility audit Cllr O’Donovan carried out this week on the re-development of Limerick’s premier street – O’Connell Street. The Social Democrats Councillor facilitated several disability groups on a ‘walk and talk’ of the proposals for the street. “We had many people with disabilities and organisations join us on the day. Representatives where there from Headway, the Irish Wheelchair Association, NCBI and the Disability Federation of Ireland” said O’Donovan.Many of the groups were disappointed with the current plans. “People with disabilities are concerned with the proposed shared space between vehicles and pedestrians.  They also are seeking more information on colour contrast of the kerbing, moving bollards, street clutter and access to public toilets” she said. Cllr Elisa O’Donovan is urging people with disabilities, their carers and all Limerick Citizens to submit their observations online at  mypoint.limerick.ie/enSign up for the weekly Limerick Post newsletter Sign Up WhatsApp Limerick Ladies National Football League opener to be streamed live Facebook Donal Ryan names Limerick Ladies Football team for League opener Email Advertisement Linkedin LimerickNewsO’Donovan calls for engagement on O’Connell Street redevelopment plansBy Alan Jacques – August 27, 2019 304 center_img Limerick’s National Camogie League double header to be streamed live WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Twitter Predictions on the future of learning discussed at Limerick Lifelong Learning Festival TAGSCllr Elisa O’DonovanlimerickLimerick City and County CouncilO’Connell Street DevelopmentSocial Democrats Previous articleOver 3,400 students graduate from University of Limerick at conferring ceremoniesNext articleShowstopping arias and stars for Griselda Alan Jacqueshttp://www.limerickpost.ie Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash RELATED ARTICLESMORE FROM AUTHORlast_img read more

‘Pay attention’, ‘transform’: Pandemic shifts business landscape, strategy

first_imgTopics : COVID-19 has swept through the global economy in an unprecedented way. Businesses have been affected to various degrees depending on the sectors, but the bottom-line tips for survival are: pay attention to consumer behavior and accelerate digital transformation, new reports show.Consumers are staying home more than ever before, forcing businesses to cater to the new stay-home economy and lifestyle. Sectors that require mobility and travel are being battered, such as tourism, airlines and transportation, but businesses that relate to health, hygiene and digital media are booming.“Constant changes in attitude and behavior are unrelenting,” market research firm Kantar Indonesia wrote in its April 14 briefing titled COVID-19 Impact on Indonesian Attitudes & Behaviors: Learning for Brands. “Pay attention and adapt to the changes as soon as possible.” “In times of crisis, stronger brands will prevail,” Kantar Indonesia’s briefing reads. The government is preparing tax breaks for 12 business sectors ranging from manufacturing to food and beverages and tourism and transportation as COVID-19 deals a heavy blow to Indonesian businesses.Read also: COVID-19 impacts across Indonesia’s business sectors: A recapIndonesia’s economic growth is expected to plunge to 2.3 percent, the lowest in 21 years, and under the worst-case scenario it is set to contract by 0.4 percent, according to government estimates. The government is also preparing tax breaks, loan relaxations and cash transfers for Indonesia’s small and medium enterprises (SMEs), which contribute 60 percent to the national GDP.New business landscape: BeneficiariesIn the wake of the coronavirus, there is noticeably higher awareness in relation to hygiene and health, according to consumer activity data gathered by the Mobile Marketing Association. There is also an increase in the consumption of products perceived to be healthy such as fresh food and dairy products, according to a report by McKinsey and Company.More than three out of four consumers are currently focusing on boosting their immunity through more exercise and healthy eating, according to the McKinsey survey of 5,000 people in seven countries in Asia, including Indonesia. The finding excludes consumers in China and Japan.Read also: Consumers drawn to hygiene products, online fitness as pandemic spreads“In the long term the pandemic will serve as shock therapy regarding the importance of health and sanitation. So, customers will tend to care more about their health,” Center of Reform on Economics (CORE) director and economist Mohammad Faisal said.As regional governments in Indonesia implement large scale social restrictions (PSBB), products selling out among customers are not limited to germ-killing products, but also those associated with people staying home. These include personal care and home care such as detergents and dishwashing products, according to Kantar research.“After entering the recovery phase, in 2021, the customer’s focus on basic needs won’t change. But it will take some time for people to start purchasing secondary and tertiary needs outside the basics,” Faisal said.The digital economy, including digital media, is thriving. McKinsey data point to a surge in customers’ use of digital channels to purchase groceries.Online grocery platforms like Sayurbox and TaniHub have seen a significant surge in demand since the government encouraged citizens to stay in. The survey on customers’ intentions shows that the trend might continue beyond the time of the pandemic.Read also: Online groceries thrive as customers avoid supermarketsThe use of digital channels during the stay-at-home period also extends to other platforms such as fitness apps, digital entertainment, work from home software, as well as online education, with as many as 70 percent of customers surveyed in MMA data trying out a new digital category during the pandemic.Research firm Statqo Analytics notes that web meeting app Zoom has seen its number of users jump by 183 percent in March alone, while learning platform Ruangguru saw a 77 percent surge in active users in the same month.“The COVID-19 [pandemic period] is going to shape our future digital economy, because people are forced to adopt and adapt with the current digital ecosystem,” Institute for Development of Economics and Finance (INDEF) researcher Hanif Muhammad said, noting that there will be a speedy digital transformation going forward.The government should gear up for the future digital developments, especially regarding data privacy, digital infrastructure and digital interaction readiness, Hanif added.“This is the first step, whether after the pandemic passes, the online service can still be provided. If the [customers’] experience during the pandemic is pleasant, it’s not impossible that it will continue forward,” Indonesia ICT Institute executive director Heru Sutadi said.Stay home economy: Business negativeThe universal public health advice to stay home, as well as the travel restrictions, is bad news for the tourism and transportation sectors. So far, the COVID-19 pandemic has left tourist destinations across the country empty of visitors, while 1,266 hotels have temporarily halted operations, according to the Indonesian Hotel and Restaurant Association (PHRI).Read also: Tourism will take at least a year to recover from COVID-19 outbreak: EconomistsThe International Air Transport Association (IATA) predicts that Indonesia’s aviation industry might see a 37 percent decline in passenger demand and revenue impact loss of US$6.4 billion.The pressure on the transportation sector has also had an effect on demand for oil, while at the same time, oil prices have tumbled to levels not seen for years because of the pandemic and a price war between Russia and Saudi Arabia.Read also: Jet fuel consumption drops as airlines reduce, halt operations due to COVID-19Meanwhile, the retail sector, excluding grocery sales, is also suffering from the blow. Publicly listed retailer PT Matahari Department Store closed all of its stores in Indonesia in March and April in its attempt to reduce salaries and cope with the impact of the pandemic.Indonesian Retailers Association (Aprindo) chairman Roy Mandey said that the four types of modern retail outlets namely minimarkets, supermarkets, hypermarkets and department stores, would still exist, but he acknowledged that department stores would be hit the hardest by the COVID-19 pandemic.“The retail food sector can’t be merely seen as making more profit [than other types of retailer], because they need to employ extra efforts in their operations too. We have to prepare additional manpower to meet people’s needs through couriers and deliveries,” he said.He said that the pandemic had affected the purchasing pattern for tertiary needs such as clothes and footwear, especially nearing the Idul Fitri holiday, when sales usually surge. The changing pattern of purchasing behavior might further hit retailers nearing the festive season.center_img Apart from paying attention to changing consumer mindsets, behavior and lifestyle, businesses will also need to accelerate digital transformation, strengthen digital platforms and adopt new digital commerce tools, the document shows.The briefing document uses anxiety meters and consumer behavior to track consumers’ psychology so brands can adapt. During the short-term “disruption” stage in which lifestyle changes to quarantine, helping and supporting consumers to adjust are crucial.In the medium-term “confusion and uncertainty” stage of the prolonged lockdown, brands should be a catalyst of productivity, while during the “acceptance of the new normal” phase, they should evolve with consumers.last_img read more

UK roundup: LGPS pool names managers for £2bn sterling credit fund

first_img“We believe that the selected managers will contribute strongly to our purpose of making a difference to investment outcomes for the Local Government Pension Scheme,” she added. Keswick in Cumbria, one of the 12 counties backing the Border to Coast Pensions PartnershipEarlier this year the pool launched two private markets vehicles with an aim to eventually invest £10bn in private markets. It said it expected to announce fund launches for multi-asset credit and private credit “in the coming period”.People’s Pension allocates to ‘adaptive cap’ indexThe People’s Pension, a £7bn multi-employer defined contribution scheme, has invested in an “adaptive cap” index fund through State Street Global Advisors.According to a statement from the auto-enrolment provider, the World Adaptive Capping Equity index sets a limit on the size of an investment in a single holding within the fund to reduce exposure to the biggest companies, and seeks to improve diversification by increasing the exposure to smaller holdings.For example, as a result of investing in the fund, The People’s Pension was reducing its exposure to five “super companies” in its North America portfolio from 15% to 2%.Nico Aspinall, chief investment officer of B&CE, provider of The People’s Pension, said: “By investing in the World Adaptive Capping Equity index, we are continuing to improve the risk-return profile of members’ portfolios and reducing the reliance we have on a small number of companies.“We see this change as a part of our continued evolution of the portfolio and the hallmark of good trustee governance available from a large master trust.”IPE understands that the allocation to the adaptive cap fund will be 44% of The People’s Pension default fund once it is completed.The People’s Pension said it was moving away from market capitalisation weighted equities. Border to Coast Pensions Partnership, one of the UK’s eight public sector pension asset pools, has appointed Royal London Asset Management, M&G Investment Management and Insight Investment to run a sterling investment grade credit fund.The fund is the first of an intended series of fixed income funds for the pool’s 12 local government pension scheme (LGPS) clients, who have £46bn (€51.5bn) in assets under management between them. Around £9bn of this total is already being managed by Border to Coast.The pool said 25 asset managers bid for the sterling credit mandate, and that it expected the fund to have more than £2bn in assets at launch.Rachel Elwell, CEO of Border to Coast, said the pool was “particularly pleased with the way the asset management industry responded to the challenges we made to deliver innovative and value for money mandates”.last_img read more

Colorado Gets Nearly Two Feet of Snow on the First Day of Summer

first_imgSummer got a chilling start in Colorado with close to two feet of snow instead of sunshine. Snow markers at the Steamboat Resort in Steamboat Springs, Colo. showed what neared to 24 inches of snow.Snow began to fall on Friday  with elevations above 7,000 feet in parts of northern and north-central Colorado. Steamboat Springs saw 20 inches of snow on Friday.  Reports are showing even more snow can fall into Saturday night and early Sunday. According to meteorologists, this unusual snowfall is due to the atmosphere being warmer and moister than before. Meanwhile, in Florida, the National Weather Service issued a heat advisory for Saturday as heat indexes were up to 108 degrees.last_img