Andjelko Leko passed away

first_imgA well-known Croatian hotelier, 85-year-old Anđelko Leko, died on Thursday in Zagreb, reports Vecernji list.The longtime director of the HUP hotel, whose portfolio also includes the Westin and Sheraton hotels in Zagreb, recently sold his majority stake to the Adris group and announced his retirement from the business he had been in since 1959 as a young waiter at the Ilica Brewery.last_img

Govt prepares strategies to revive domestic tourism during ‘new normal’

first_img“Health protocols should be properly implemented in the field because of the high risk of infection. If an imported case occurs, it will be difficult to fix a bad image of the tourism area.”Tourism and Creative Economy Minister Wishnutama Kusubandio said his ministry had prepared standard operational procedures (SOP) for various sectors in tourism and the creative economy.The ministry has also coordinated with flagship carrier Garuda Indonesia and hotels to prepare packages at low prices to attract tourists as destinations reopen.Read also: In absence of tourists, pleasure ships sink at Labuan Bajo Port“We are synchronizing the plan with other ministries, institutions and task forces,” Wishnutama said after the Cabinet meeting, predicting that the tourism sector would have about one month to prepare after regions applied the “new normal” phase.He added that the ministry would coordinate with regional heads to disseminate information about the programs and to conduct simulations and trials of the new procedures prior to the “new normal”.Wishnutama said the ministry had prioritized quality over quantity as well as the importance of tourist hygiene, health and safety even before the pandemic. The ministry would prioritize domestic tourism during the “new normal”.Topics : President Joko “Jokowi” Widodo has called on the Tourism and Creative Economy Ministry to prepare “special strategies” to revive domestic tourism in regions safe from COVID-19 for the transition to the so-called “new normal”.However, Jokowi has asked the ministry not to rush to open tourist areas, urging it to gradually identify which areas are ready. The President has said tourist destinations should have COVID-19 basic reproduction rates, or R0, below one to be eligible for reopening.“I ask the Tourism [and Creative Economy] Ministry to prepare promotional programs for tourist attractions and local products. We should closely monitor conditions before opening [tourist areas] so visitors can travel safely,” the President said during a Cabinet meeting on Thursday. He reminded his Cabinet that the COVID-19 outbreak would change tourism trends, with issues such as hygiene, safety and security becoming major considerations for travelers.Read also: Health protocols to be priority in tourism recovery strategy: OfficialsThe disease, Jokowi added, would also shift entertainment demand to options such as solo tours, wellness tours, virtual tours and “staycations”.“[Tourism] actors must really anticipate the trends and must investigate which direction [the tourism sector] will go. We must innovate, improve and quickly adapt to the trends that are likely to occur in global tourism,” said Jokowi.last_img read more

Lamprell mothballs one yard with plan to focus activities within one location

first_imgMost of the company’s corporate and administration functions are working remotely wherever possible, with engineering and fabrication activities in Hamriyah and Sharjah moderately affected by lockdown and social distancing measures in the UAE so far. Further, the measures translate into an approximately $23 million reduction in overheads for 2020, of which over 90% relates to cash overheads. Lamprell expects these measures to save approximately $10 million in 2020. Where operationally feasible, Lamprell has also placed staff on reduced working hours for those that are under-utilised and used other measures such as unpaid leave. The measures are associated with significant headcount and allowance reductions, most of which have already been implemented. These include reduced fees, salaries and allowances for the board, senior management, and all professional staff by 25% for the next six months. As such, all works, including the two IMI rigs and the Moray East project, continue with the first jackets delivered to the client on time and on budget. However, Lamprell believes it is too early to make a comprehensive and final assessment of the impact of the virus on business, and it is inevitable that there will be some impact on productivity and increased costs. The Hamriyah yard is Lamprell’s largest facility and continues to operate, offering various expansion opportunities should the group require additional space. These actions allow the group to gradually grow fabrication volumes whilst significantly improving efficiency and reducing its cost base. Further to the earlier overhead cost savings, and in order to conserve cash and protect the business during this period of unprecedented market conditions, Lamprell has taken additional actions. Christopher McDonald, CEO of Lamprell said: “We are operating in a period of unprecedented global uncertainty, focusing on the safety and sustainability of our operations and the health and wellbeing of our employees. Amidst industry-wide insecurity and distress, we continue to deliver our projects safely and reliably and we remain focused on strict financial discipline to sustain a healthy balance sheet and progress our strategy”. Given the macro environment uncertainty, Lamprell is withdrawing its previously announced FY2020 revenue guidance. Its 2019 year-end backlog stands at $470.1 million with approximately $275 million scheduled to run off in 2020. In an update on Tuesday, Lamprell said that having reviewed its current operational footprint against medium-term fabrication requirements, the company has made the decision to consolidate its operations within one yard for the time being. Lamprell has started negotiations with other IMI shareholders regarding the deferral of the next instalment of its strategic capital expenditure in the Saudi maritime yard currently scheduled for this year. Reduced salaries & layoffs Offshore construction specialist Lamprell is implementing a program aimed at achieving a significant reduction in the group amid a global health crisis. As a result, Lamprell has mothballed one facility with plans to close another one upon completion of current projects. Subject to audit, the restructuring will result in a non-cash impairment charge of Intangible and Immovable assets in Sharjah of approximately $13.2 million in the 2019 financial statements. In 2020 there will be an estimated one-off charge of $7.5 million which relates to the demolition costs in Sharjah and staff termination costs. Redundancies have also been implemented where there is no medium-term horizon for staff to be used. “We are also planning for low levels of critical-only capital expenditure at our facilities, with a total value below $10 million in 2020”, Lamprell said. According to the company, these steps will help preserve its cash and maximise liquidity in a period of low revenue and slow pace of major contract awards. As such, the Jebel Ali facility has been mothballed from January 2020. The Sharjah facility currently hosts some of the work on the Moray East project and will be closed upon its completion later this year. Bidding activity continues in both of end markets of oil & gas and renewables but the company is seeing signs of deceleration and delays in some awards. Signs of activity delays The group is now debt-free as its facility was fully repaid in March 2020. As of 31 March 2020, the group’s cash balances stood at $77 million, of which $35 million is restricted. Challenges in the traditional term debt segment persist as a result of market-wide impact of the COVID-19 crisis and Lamprell is assessing alternative project funding options.last_img read more

Sumner Newscow outlines reporting of suicide policy

first_imgby Tracy McCue, Sumner Newscow — While the definition of what constitutes as news is always a subjective topic, a suicide is especially complicated. Due to the sensitive nature of the story, Sumner Newscow has adopted a set of guidelines when dealing with suicides.In private matters, Sumner Newscow will not report on suicides. Thus if a person dies within his/her home or property and has not harmed any other human being in the process, the incident is considered private and the website will treat it that way.There are a few exceptions.Sumner Newscow will report a suicide in these certain circumstances:•If a second person was harmed or killed in the process.•If the suicide occurred in a public setting where large groups of people can gather.•If the suicide involved a prolonged police standoff.•If the suicide involved a public figure such as a civic leader, politician, etc.•If the suicide is part of a larger news story.last_img read more