by: Ramon NuezBecoming a highly successful person is not a reactive series of events. There is a purposeful strategy. There is a broader vision or a dream that you must be obsessed with and work towards every day.Unfortunately, you spend the better part of your day managing other people’s urgent needs. And while your efforts are appreciated, those accomplishments are doing little to get you closer to your dream.So what can you do? Plan.Highly successful people plan their finances, priorities and learning. And while the plan might change depending on their broader vision, they rely on it to keep them accountable.There is no magic formula to make these plans happen. But you have to start so grab a pen and paper and start writing down your ideas. continue reading » 42SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Aside from the two facilities, the company also obtained a bank guarantee or standby letter of credit (SBLC) facility denominated in rupiah with a ceiling equivalent to $200 million.“The provision for this facility stood at 1 percent of the issued SBLC amount and 0.25 percent of the issued bank guarantee, or at least Rp 500 million,” Garuda said in the statement.Read also: Garuda opens dialogue with sukuk holders as it struggles to pay duesThe health crisis has led to the closure of most of Garuda’s flights and a steep decline in passengers due to travel restrictions placed to curb the spread of the disease.Garuda stocks had risen more than 3 percent as of 11:17 a.m. Jakarta time in Wednesday trading, in contrast with a 0.61 percent fall seen by main gauge Jakarta Composite Index (JCI). Stocks of BRI had weakened 0.38 percent.Topics : Both facilities, Garuda said, would be due on Dec. 21.Read also: Garuda switches focus to cargo, chartered flight businesses amid ‘mudik’ ban“These transactions aim to fund our working capital, including to pay for fuel, airplane lease and other activities, that will support the company’s main business,” the airline said.Garuda has been trying to maintain its cashflow amid the slumping aviation industry caused by the COVID-19 pandemic through several efforts, such as cutting employees’ and executives’ salaries as well as opening a discussion with holders of its dollar-denominated sukuk that will be due in June. National flag carrier Garuda Indonesia has received three loan facilities from state-owned Bank Rakyat Indonesia (BRI) with a total value of US$382 million to fund the airline’s working capitalThe publicly listed airline received a $50 million short-term loan from the bank with an interest rate based on the one month London Interbank Offered Rate (LIBOR) plus 2.85 percent per annum, the company said in a statement posted on the Indonesia Stock Exchange (IDX) website on Tuesday.Garuda also received a second loan facility with a ceiling of Rp 2 trillion ($132 million), which includes a Rp 1 trillion facility for its subsidiary low-cost carrier Citilink Indonesia, the company said. The interest rate for this facility ranges from around 8.25 percent to 10.75 percent annually.
Glendon ‘Admiral’ Bailey is the new head coach of struggling Red Stripe Premier League Club Waterhouse. In a release yesterday, the club said they had parted ways with Martvin Tate ‘on mutual agreement.’ Donovan White, president of Waterhouse FC said: “These are tough times in football and resources are extremely scarce, therefore, we must be efficient and effective in utilising the support we do have from our committed sponsors and fans by delivering consistent performances and positive results. Our team, while extremely talented, has struggled with leadership, consistency, and discipline on and off the field.” SEVERAL TITLES Bailey, a former Tivoli Gardens and Arnett Gardens coach, has several titles to his credit including two two National Premier crowns. The other members of the new Waterhouse football staff are Curtis Hamilton, assistant coach; Leighton Murray, goalkeeper coach. The team manager is Keith Sailsman. Tate is out after 13 games into the 2016-17 season. Waterhouse have struggled under the former Village United coach and sit second from bottom with 11 points, four more than last place Boys’ Town and two adrift of promoted teams Maverley/Hughenden and Jamalco. They have won just three of their 13 matches while losing eight. Last season Waterhouse escaped relegation on the final day of the season, thanks to victory over Boys’ Town.