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National plantation holding PTPN III restructures leadership positions

first_imgTopics : He detailed the plantation holding role as, among other duties, divesting assets, developing new business streams, maintaining cash flows and managing human resources.The State-Owned Enterprises Ministry assigned PTPN III to become the holding company of its 13 similarly named sister companies in 2014. PTPN III, originally a palm oil and natural rubber producer, was the largest firm by assets.Abdul said the restructuration was a continuation of the establishment of the holding, as the previous business transformation had yet to yield a desirable impact on the plantation holding’s operations and financial performance.The company booked Rp 32.8 trillion (US$2.22 billion) in revenue in 2018, the latest available financial figure, a 6.5 percent decline from Rp 35.1 trillion in the previous year. Meanwhile, its profit also fell by 23.8 percent year-on-year (yoy) to Rp 281.4 billion in 2018.“The holding will drive the subsidiaries,” ministry spokesman Arya Sinulingga told The Jakarta Post on Wednesday. “This is also about how the directors can be more agile by referring to headquarters’ policies.”PTPN III, which describes itself as one of the world’s largest plantation companies, operates 1.17 million hectares of land, over half of which is used to grow palm oil. The holding also grows other top-selling Indonesian cash crops, such as natural rubber, cocoa and tea. State-owned plantation holding company PT Perkebunan Nusantara III (PTPN) has restructured the corporate hierarchy of its 13 subsidiaries to boost their financial and operational performance.The holding, through a State-Owned Enterprises Ministry letter sent out on Tuesday, demoted all of its subsidiaries’ president directors to directors and their directors to senior executive vice presidents (SEVP).Overall, PTPN III changed 43 job titles, added two new positions and eliminated one position.“Going forward, the holding will provide strategic guidelines as well as evaluate and monitor operations, while subsidiaries will focus on producing the commodities assigned by the holding,” PTPN III president director Abdul Ghani, the sole holder of such the job title, said in a statement on Tuesday evening.last_img read more


Wisconsin cross-country plans to carry momentum into Big Ten Championship

first_imgThe upcoming Big Ten Championship will give the men’s and women’s cross-country teams a chance to build on their success from last week’s Wisconsin adidas Invitational.At the Wisconsin adidas Invitational Oct. 17, the men’s and women’s teams both placed in the top five. The men finished third and the women finished fourth in a meet that brought some of the fiercest competition from around the nation.“We’re excited about where we are going into this weekend’s Big Ten Championships,” cross-country director Mick Byrne said at Monday’s news conference. “It was a great performance from both teams.”Looking ahead to the Big Ten Championship slated for this coming Saturday, the Badgers’ lineup for both teams will look pretty much the same as it did at the Invitational. The only exception is on the men’s side with the return of Alex Hatz, who was hurt earlier in the season, but will be ready to go for the race.The field will have nearly 150 athletes fewer than what it was at the adidas Invite race a couple weeks ago, which should result in a more personal and competitive meet for the Badgers.Byrne also offered his predictions Monday for the upcoming conference championships.On the women’s side, Byrne envisions a top-three finish at the event. Even though Michigan State is considered the favorite for the upcoming race, he said that this type of race could play out in favor of the Wisconsin women.A great deal of Byrne’s confidence in the women’s program comes from the way in which they handled the large field of competitors at the adidas meet.“They did a great job,” Byrne said. “Their composure was incredible. They’re going to need that down the road.”The Badger women’s recent success has implications beyond the Big Ten. Byrne believes that these strong performances will serve as a leaping point for success over the next few meets and even at the National Championships later this season.The women’s program is built around star runners Emma-Lisa Murphy, Sarah Disanza and Gabi Anzalone. For Byrne, ensuring future success is all about recruiting and developing the younger girls for support.Meanwhile on the men’s side, after winning this meet for 14 years prior to last years’ defeat, the Badgers are keen on returning the Big Ten trophy to its rightful home.“For better for worse we lost it last year and now it’s, ‘Let’s go back and win it back,’” Byrne said.The Wisconsin men look to be the favorites for the Big Ten meet based on the results from the adidas Invitational. No other Big Ten team finished in the top five at that event, but Byrne said he is watching out for Michigan and Indiana.Byrne would rather claim the Big Ten trophy than the national title, given that the men’s program is relatively young. He sees the age of the program as an advantage to building an even better team in the future.Certainly, the Big Ten Championship on Sunday will play a huge role in defining the strength of the men’s and women’s teams, both in the conference and looking forward to the rest of the season.last_img read more


Put Players in Fridge: Pep Guardiola Concerned by Manchester City’s December Schedule

first_imgManchester: Pep Guardiola fears Manchester City will need to spend “two days in the fridge” to cope with their gruelling Christmas schedule.The Premier League revealed their fixtures for December and January on Thursday and it offers little help to City. Their trip to Wolves has been moved back from Boxing Day to December 27, before they welcome Sheffield United to the Etihad Stadium on December 29.That leaves a gap of roughly 44 hours between one match ending and the other one kicking off and Guardiola is worried about his players’ welfare.”The players should go to the fridge. I am not joking,” Guardiola told reporters on Friday.”Go home, open the fridge and get inside for 48 hours. See you at the Etihad Stadium.”Maybe when I go to the fridge to make an omelette, maybe I can talk with them. Apart from that, no way.”While Guardiola is alarmed by the demands of the fixture list, he accepts getting on with the job has been very successful for City in the last two years.”We’re in October and we have many games before that. When I read the fixtures yesterday, I said ‘That’s OK’,” he said.”I accept this business. Sometimes it is good, sometimes it is not. We work harder and organise better to do it.”But I am concerned for the players. It is a business and the people do not care about the players. He’s injured? OK, use another one.”We’ve solved it in the past and we’ll solve in the future. It’s the only way. Don’t complain or call my chairman asking ‘what’s happened?’ “If we can’t solve it, then we cannot win four titles in one season. We didn’t complain. We accept it and we will be stronger.”City kick off at Crystal Palace on Saturday languishing eight points behind leaders Liverpool following the champions’ 2-0 defeat at home to Wolves just before the international break.Rather than worry about catching Liverpool, Guardiola will focus on solving the problems that undermined City against Wolves and in their shock loss at Norwich earlier this season.”Never since I arrived have I said that we need 90 points, 100 points,” he said.”I look at how many points we need in March or April. Now we have 50 games left in all competitions. We have to play to enjoy and to have fun, then we will see.”I am not the guy who thinks we are going to win all the titles. I am not concerned about that.”I want us to be who we are and get back to that. What Liverpool are doing is fantastic. That is the target and we have to try to cope.”Of course we want to win. We are contenders and we can do it, but we are not thinking about the points. Decemberfixturesfridgeliverpool First Published: October 19, 2019, 10:56 AM IST Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time.last_img read more