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Jokowi orders ministries to crunch numbers on plunging oil prices

first_imgPresident Joko “Jokowi” Widodo has ordered his ministers to calculate the impact of plunging global crude oil prices on Indonesia’s economy so as to “make use of this momentum and opportunity’.Jokowi gave the order on Wednesday, March 18, a week after several ministries announced their attitudes toward the low prices. He told Cabinet members to calculate the impact of the plunge on subsidized and unsubsidized fuel prices and how long it might last.“We have to make use of this opportunity,” he said during a live-broadcast Cabinet meeting. Global crude oil prices dropped early last week after Saudi Arabia, the world’s top oil exporter, slashed its selling prices and set plans to increase production in punishing rival oil producer, Russia. The Middle Eastern country effectively triggered a price war between oil exporting countries. Read also: ‘We have many tanks to fill’: Indonesia to make the most out of globally low oil pricesAs a result of the war, international oil price benchmark Brent reached US$26.17 per barrel as of 5:40 p.m. Thursday, the lowest since 2003, and close to a third of its peak price this year at $68 per barrel on Jan. 6.In response to plunging prices, Indonesia’s Energy and Mineral Resources Ministry announced plans to increase oil imports while the country’s Finance Ministry announced it would monitor the potential impact of the plunge on the state budget.Lower crude prices and reduced oil and gas industry activity is a risk to the state budget as the industry is expected to contribute 35.4 percent – equal to Rp 127.3 trillion ($8.85 billion) – to Indonesia’s non-tax state revenue this year.Topics :last_img read more

Broncos sweep Monterey Bay

first_imgPOMONA – Basketball coaches look for mismatches when they prepare a game plan. The Cal Poly Pomona men’s basketball team had one Friday night. Daniels made all six of his field goal attempts in the second half and finished 9-of-14 shooting from the field. “The first half, he was floating around more, and in the second half, he attacked the basket,” Cal Poly coach Greg Kamansky said. He also made a couple of nice fade-away jumpers and an 18-foot jumper. “Between him and Dion (Cook, 19 points) there are shots, I’m like, `No, no. Oh, good shot,”‘ Kamansky said. The Broncos had trouble putting the Otters away, and Monterey Bay cut the deficit to 67-65 on a jumper by Richard Jenkins with 3:01 to play. But a 9-0 Cal Poly run, including four points from Daniels, put the game away. “We just executed on offense, and made some stops on defense,” Kamansky said. Two team statistics in particular stood out for Kamansky: only 12 turnovers committed by the Broncos, and only six offensive rebounds by the Otters. Cal Poly women 70, Monterey Bay 59 After their offense was stymied by Cal State Monterey Bay’s zone defense a month ago, interim coach Michelle Fortier knew the best way to beat the zone was to make some outside shots. The Broncos (6-14, 5-10) made five in the first half to take an 11-point halftime lead, then held off the Otters (5-15, 4-11). “I thought Cassey Brick made a big difference,” Fortier said. “She made a couple of big shots.” Brick hit two of the Broncos 3-pointers and had nine points. Jessica Hopkins had a team-high 13 points and Porsche’ Kirksey and Ashley Moody added 12 points apiece as Cal Poly snapped a three-game losing streak. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! It was the Broncos’ fourth game of a brutal five games in 10-day stretch that has improved considerably since dropping the first two games on the road last weekend. The Broncos (14-6 overall, 10-5 California Collegiate Athletic Association) defeated rival Cal State San Bernardino on Tuesday, then avenged a loss a month ago by beating the Otters (11-9, 8-7) on Friday. Daniels was a big difference. He scored only nine points the first time the teams met, but his big night matched a season high. It was the first time in the last eight games he reached double figures in scoring. “Coach just kept telling me to go to the basket,” Daniels said. “I try to do that every game, but some games, like against Bakersfield, they focus on the guards and it’s hard to get the ball into the post.” center_img Photo Gallery: Cal Poly Pomona vs Cal State Monterey Kaelen Daniels scored 15 of his 23 points in the second half and the Broncos pulled away late to defeat CSU Monterey Bay 78-67 at Kellogg Gym. last_img

Inderski Records A Career-High 21 Kills, But Volleyball Falls, 3-1

first_img Full Schedule Roster Next Game: Preview Buy Tickets Live Stats Watch Live Bradley 11/21/2015 – 3:00 PM The Valley on ESPN3 DES MOINES, Iowa – Drake’s Kyla Inderski (Urbandale, Iowa) recorded a career-high 21 kills but it was not enough to propel the Drake University volleyball team past visiting Loyola in a 3-1 loss Friday evening in the Knapp Center.Loyola (20-10, 9-8 MVC) held off the Bulldogs (14-20, 5-12 MVC) by set scores of 30-32, 25-14, 25-20, 25-16. Inderski’s 21 kills came off a career-high 62 attacks as she hit .226 in the loss and added 13 digs for her 15th double-double of the season. Makena Schoene (Seattle, Wash.) added 10 kills. Loyola, which has clinched its  spot in the MVC Championships, was led by Maureen Carls with 19 kills while her teammates Sami Hansen and Morgan Reardon tallied 13 each. Caroline Holt totaled 53 assists. The first set featured 16 ties and six lead changes before Drake was able to build up the two point lead necessary to beat Loyola 32-30. Schoene led the Bulldogs with six kills, followed by Inderski with three in the set that saw Drake open with a quick 8-4 lead.  Drake opened the second set with a pair of errors, allowing Loyola to have a two point lead to begin the set. Drake kept it close until Loyola had a 6-0 run to pull ahead by eight at 13-5. Loyola continued to hold its lead over the Bulldogs to win the set 25-14. Inderski tallied another four kills, while Katie Allen (Mokena, Ill.) had six. Loyola started with a 5-1 lead in the third set when Drake had a 4-0 run to tie the set behind Allen’s serves. Drake took its first lead, 13-12, since the first set after three-consecutive points behind Grace Schofield’s serving.  Loyola eventually took back the lead and did not relinquish it, winning the set 25-20. Inderski had eight kills along with Chandelle Davidson’s (Gretna, Neb.) seven assists. The fourth set continued to be close, but was eventually controlled by the Ramblers, who had an eight point or greater lead throughout most of the set. Drake briefly amassed a 4-0 run to cut into the lead, but despite six kills from Inderski the Bulldogs weren’t able to overtake the Ramblers’ lead. Loyola won the set 25-16 to defeat the Bulldogs, 3-1. The Bulldogs will finish their season Saturday afternoon against Bradley at 3 p.m. In the Knapp Center. The contest, which will serve as the Bulldogs’ ‘Senior Day’ will be broadcast on The Valley on ESPN3. Print Friendly Versionlast_img read more

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