Property writedowns wipe tenth off Varma’s 2016 returns

first_imgIlkka Tomperi, Varma’s investment director responsible for real estate, told IPE: “Our portfolio includes very few assets in Helsinki’s [central business district]. That has been the main beneficiary from the rental growth and yield compression, while the demand for secondary locations has been limited. We saw values declining in many of our commercial properties, while the residential portfolio performed well.”In its report on 2016 results, Varma said its real estate investments ended the year at €3.6bn on the balance sheet, down from €3.9bn. Direct real estate investments made a loss of 2.6% in 2016, down from a 2.3% profit the year before, but real estate investment funds returned 6.8%, down from 9.9% in 2015.Varma continued with its strategy of increasing international diversification in its property investments during 2016, the report said.The company said its weighting of domestic, directly-owned real estate investments was reduced last year, with the company raising €301m through sales of direct real estate investments in 2016.Commenting on overall results for the year, Varma’s president and chief executive Risto Murto said: “A challenging year turned out to be a good one.”“Solvency, which is strategically important, strengthened and investment assets increased,” he said, adding that the company was in strong shape. Varma, the largest of Finland’s pensions insurance companies, reported an investment return of 4.7% in 2016 after taking a hit from its property portfolio.Writedowns in the values of some of its real estate assets knocked more than 10% off its annual investment profit, the insurer said.Varma reported its property asets made a 0.9% loss in 2016 as a result of €218m fall in value. Indirect real estate investments generated a positive 6.8% return, however.Despite this, total assets under management rose to a record high of €42.9bn last year, from €41.3bn in 2015. In absolute terms, Varma’s overall investment return for 2016 was €2bn.last_img read more

Gun sends man to jail

first_imgAn improvised shotgun with a livebullet was recovered from 19-year-old Ronnie Villaflor, a police report showed. Village councilman Ester Eno nabbedVillaflor and turned him over to the municipal police station around 4 a.m. onNov. 1. BACOLOD City – A man was arrested forillegal possession of firearm in Barangay Pingot, Ilog, Negros Occidental.    According to police investigators,Villaflor was drunk when he created a commotion on Oct. 31. Villaflor was detained in the lockupcell of the Ilog police station, facing charges for violation of Republic Act10591, or the Comprehensive Firearms and Ammunition Regulation Act./PNlast_img read more

10 Bulldogs Named Track And Field Academic All-State

first_imgCongratulations 10 Batesville High School track and field athletes for being named to the Academic All-State Team!  Six individuals were named to the first team and 4 were honorable mention.Academic All-State 1st Team were:  Emma Gausman, Adam Bedel, Joseph Choi, Quinten Gowdy, Christopher Laymon and George Ritter.Honorable Mentions were: Stephanie Nobbe, Dylan Flannery, Eykis Fullenkamp and James Gosmeyer.Courtesy of Bulldogs Coach Lisa Gausman.last_img

Edinburgh take narrow victory over Ulster

first_imgEdinburgh extended their unbeaten run in the Guinness PRO12 to four matches when they saw off Ulster in a tight encounter at Murrayfield. Neither side ever exerted complete control on the proceedings and the outcome hung in the balance right to the final whistle. The Scottish outfit’s points came from a try from Hamish Watson, converted by Greig Tonks, who also weighed in with three penalties, while Ulster’s points came through a try from flanker Sean Reidy, which was converted by Peter Nelson, who had slotted a penalty earlier in the game. Edinburgh had been forced into two late changes with prop Allan Dell stepping up from the bench to replace Rory Sutherland Andress and Murdo McAndrew taking the place of Sean Kennedy among the substitutes. Paul Marshall was given the honour of leading out Ulster on his 150th appearance and proceeded to play a key role in the proceedings. The Scots opened the scoring after four minutes when Tonks booted a penalty from the Ulster 10 metre line. That proved to be catalyst for the home side to enjoy a spell in the ascendancy who doubled their tally in the 18th minute when Tonks was again on target with a penalty. Ulster’s first assault on the home line almost produced a try but the referee brought play back for an offence at a maul and Nelson steered the kick between the sticks to cut the deficit in half. Attacks at both ends came close to breaking through, but neither side managed to add to their points tally and the hosts went in at half-time with a slender three point advantage. Marshall sparked the game into life four minutes after the restart with a deft chip which he regathered before racing into the home 22 where Ulster used the recycled ball to edge ever closer to the home line and create the platform for Reidy to force his way over. Nelson added the extras. Edinburgh had struggled to create try scoring opportunities but finally pieced together an incisive move with 55 minutes on the clock. Press Association Watson started a counter attack from inside the Edinburgh half and was on hand to take a scoring pass from Nasi Manu and touch down. Tonks continued his flawless kicking to add the extra two points. A penalty inside the home 22 presented a chance for Ulster to square matters but they opted to go for touch and subsequently squandered the scoring opportunity. Tonks added a further three points to the Edinburgh tally with his third penalty then, with 10 minutes to play, he recorded his first miss of the night. Ulster mounted a final effort and earned a penalty with less than a minute to play. The home defence held out to secure the win and leave Ulster with only a narrow defeat bonus point for their efforts. last_img read more

Guyana baseball records productive 2016

first_imgTHE Guyana Baseball League (GBL) has recorded a productive 2016 with international competition being the highlight.In his New Year’s message president Robin Singh stated, “We are proud to report on our first foray into international competition, our U-21 female team took part in the Canadian U-21 Women’s Invitational. It was a wonderful experience for our players and a learning one for the management team.”The president said, “Baseball Guyana featured on Canadian National Television and local (Halifax) newspapers and radio, garnering great publicity for our 50-year old nation.”The message continued, “On behalf of the whole Baseball Guyana organisation, we wish you all the best as we begin another journey of challenges, victories, lessons and changes in the year ahead.“2017 will see us build on this experience with male teams competing in the Federation of Baseball and Softball Pará (Brazil) International tournament in April. The females will also play in a tournament in the USA.”Meanwhile the junior teams will begin competing in regional age group tournaments in the Americas region with the road to Olympic qualification beginning in September 2017.“2017 will also see the establishment of the much anticipated Georgetown programme at the Ministry of Education ground, Carifesta Avenue. We have been kindly accommodated by the Minister of Education, Dr. Rupert Roopnaraine, who continues to champion the cause of a holistic education encompassing academics, sport, music and arts.”The body will also be embarking on an ambitious coaching education drive and targeting the training and equipping of school teachers from all regions of Guyana.It’s often repeated main goal is the establishment of a baseball facility and in 2016 the body moved inexorably closer to achieving this.“We have no doubt that in 2017 much will be done to achieve our goal of a world class baseball academy for the benefit of our entire nation’s youths,” the statement ended by saying.last_img read more

Consistency, leadership and total team effort, key to Jaguars’ success, says Griffith

first_img… Jaguars break tournament with huge points advantageTHE Guyana Jaguars romped to their fifth win in seven outings in the Regional Four-Day Championship when they crushed Leeward Islands Hurricanes by 10 wickets on Saturday night.The victory bolstered the team’s position at the top of the points table, with the three-time defending champions yet to lose a match this season after drawing with Hurricanes last month and tying with Windward Islands Volcanoes last week.However, manager/assistant coach Rayon Griffith feels that the Jaguars’ stupendous success as the most consistent team this season should be attributed to consistency, total team effort and the leadership skills demonstrated by captain Leon Johnson.“We played consistent cricket … we batted better in the first innings this year, but having said that it was a total team effort … the younger players in the squad also played a big part,” Griffith, the former national and West Indies B team fast bowler said.He added, “Yes, we played consistent cricket, yes, it was a total team effort, yes the younger players played their part, but the leadership skills of Johnson (Leon) also played a major part in our success. Johnson is a leader in the actual sense of the word. It is very evident from his body language and his constant interaction with the players. It is his confidence in the players’ ability which is helping them perform to their full potential and this is what gives them the belief.”Further, the 38-year-old Griffith believes that the support received from the local governing body also played a pivotal role in the team’s success.With three rounds remaining, the Jaguars are definitely on course for a fourth consecutive title.Looking at the individual performances, Bramble is Guyana’s leading run-scorer so far with 481 runs after scoring three fifties and one century. He is behind Trinidad and Tobago Red Force captain Denesh Ramdin (564) and Windward Islands Volcanoes opener Devon Smith, who is leading with 873 runs.In the bowling department, Veerasammy Permaul is the leading bowler so far with 41 wickets.The tournament will resume on January 4. After seven rounds of action, the Jaguars have accumulated 118 points, followed by Barbados Pride (75.2), Trinidad and Tobago Red Force (71.6), Jamaica Scorpions (71.4), Leeward Islands Hurricanes (61) and Windward Islands Volcanoes (52.2).last_img read more

S’finalists Emerge in Gov Dickson’s Football Competition

first_imgEkpetiama were the better side in the first half and dominated the game, scoring two goals in the process through Goodliving Gift in the 15th minute and Emeka Nwosu in the 40th minute.When hostilities resumed after the break, the Sagbama-based team mounted pressure from the blast of the whistle and in the 57th minute, Sunday Keme pulled one back with a beautiful header.The pressure continued and  Keme’s beautiful drive into the danger area after beating three players connected Tokoni Joel, who calmly placed the ball in the right corner to draw level.Toru-Orua didn’t relent in their quest to win the game and lost a couple of chances in the process while Ekpetiama’s free-kick five minutes from time hit the woodwork.In the shootout, Ekpetiama converted two spot kicks, losing two, while Toru-Orua scored four kicks to progress.In another quarter final game, the Ogbia Unity Cup champions, Otuasega community, qualified for the semifinal after a slim 1-0 win over Amassoma community at the Opolo football field in Yenagoa.After a goalless first half, Moses Iburu found the back of the net in the 75th minute, tapping in from close range.At the Otuasega venue , Opu-Nembe joined other semi-finalists after defeating Okpoma community 8-7 on penalties. The game ended one goal apiece at regulation time.Mikel Odikari opened scoring in the 50th minute for Opu-Nembe, while Frank Ituru leveled up 14 minutes later before the shootout.In the first quarter-final played on Tuesday, Peretorugbene community booked its place in the semi-final after defeating Kaiama 6-0 at the Samson Siasia Sports Complex.The Ekeremor-based team opened scoring in the 12th minute through Osaro Loveday, before Isaiah Jacob completed the rout, scoring in the 27th, 47th, 49th, 75th and 79th minute.In the semi-final, Peretorugbene will engage Toru-Orua on May 29 while Otuasega will play Opu-Nembe on May 30. Both games are scheduled for the Samson Siasia Sports Complex in Yenagoa.The grassroots competition, which attracted no fewer than 150 communities and teams, is meant to discover and groom football talents from across Bayelsa State.Former Nigeria international and coach of the Super Eagles, Samson Siasia, is the 2018 Restoration Cup ambassador.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram By Emmanuel Addeh in YenagoaToru-Orua community, Sagbama Local Government Area, Bayelsa State has booked a place in the semi-final of the second edition of the Governor Seriake Dickson Football Tournament otherwise known as the Restoration Cup.Toru-Orua advanced after defeating Ekpetiama community 4-2 on penalties at the Samson Siasia Sports Complex in Yenagoa.last_img read more

Big Ten Tournament UW’s next challenge

first_imgJEFF SCHORFHEIDE/Herald photoIt took 16 wins for Wisconsin to claim the Big Ten regular season title. To win the conference?s next championship, it only needs three.UW will travel to Indianapolis this week for the Big Ten tournament where, as the No. 1 seed, the team will be the favorite to add a tournament title to its regular season one.?It would mean a lot,? junior Marcus Landry said of the importance of a tournament championship. ?Obviously that?s what everybody wants; everybody is going for that.?Though the tournament officially starts Thursday, the Badgers have a bye in the first round and will play either Iowa or Michigan on Friday. Wisconsin beat each team twice in the regular season, but not knowing their next opponent right away just adds to the difficulty the Badgers already have with the potential of playing three games in as many days.?It?s a situation that we?ve been in before,? Landry said. ?But we prepare for both teams, and when you find out, you prepare for that team. It?s kind of a different situation, but that?s how it works.?UW played in a regular season tournament at the Kohl Center earlier this season that also saw the team play three games in three days.?That prepared us for something like the Big Ten tournament and the NCAA tournament,? Landry said.Wisconsin has twice previously been the Big Ten tournament?s top seed, but his lost in the quarterfinals both times, and only three teams have been able to follow up a regular season title with one in the conference tournaments.?Obviously when you?re the top seed there?s a target on your back,? sophomore Jason Bohannon said. ?You just have to go in there with the mindset of one game at a time and not try and overlook anyone because everyone is fighting for their lives.?Should Wisconsin advance to the semifinal round it would play the winner of the Ohio State-Michigan State game, and only a trip to the finals could gave UW a third chance to play Purdue ? the team responsible for both of UW?s conference losses this year.?If we get to them, the third shot is great, but if we don?t or they don?t, it doesn?t really matter,? Landry said.Wisconsin is safely in the NCAA tournament, but like some of the conference?s other teams, UW will be playing to improve their seed. Others will be desperate for a tournament championship win and an automatic bid into the big dance.?Every game is going to be physical, every game is going to be a dogfight. ? Every team is trying to get into the NCAA tournament,? Bohannon said.With such a grueling schedule ahead, the Badgers will need to rely on their bench to provide valuable minutes. Wisconsin has the potential to go nine-deep, and Jason Bohannon was honored as the conference?s sixth man of the year Monday.?It feels pretty good,? Bohannon said of winning the award. ?I just tried to provide a spark off the bench however I could this year.?Wisconsin hasn?t played since claiming sole possession of the regular season title Saturday, and in addition to being rested, UW will enter the Big Ten tournament on a winning streak. The Badgers have won their last seven games and 20 of their last 22.?I think we?re playing pretty good,? Landry said. ?I think that there?s a lot more that we could do, that we?re capable of, but I think we?re playing pretty well as a team.?With the NCAA Tournament set to begin next week, the Big Ten Tournament will also give the Badgers additional experience playing in games where a loss means going home.?We know it’s going to be a long stretch, but we?ve got to take things one game at a time,? Bohannon said. ?It?s good preparation for us, and hopefully we can get something out of it.?The tournament kicks off Thursday when Iowa takes on Michigan. Penn State will also play Illinois and Minnesota will finish the day when it plays Northwestern.Last season Wisconsin lost in the championship game to Ohio State. Wisconsin?s only Big Ten Tournament championship came in 2004.last_img read more

Inexperienced offensive line eases some concerns against Northwestern

first_imgDoug Marrone admitted he was worried.The right side of his offensive line was completely new, with right guard Ivan Foy and right tackle Lou Alexander starting after never playing in a game with Syracuse. On the left side, Sean Hickey filled the injured Justin Pugh’s spot at left tackle. He, too, had never seen any playing time with the Orange after an injury-riddle start to his collegiate career.But at least Hickey had the experienced Zack Chibane lining up next to him at left guard.Through training camp, Marrone said Foy and Alexander had plenty of work to, with inconsistency being a culprit throughout the preseason. The Syracuse head coach raved about Hickey’s progress, though, and insisted he had no concerns about how he would perform protecting quarterback Ryan Nassib’s blindside.Overall, the line played well in the Orange’s 42-41 loss to Northwestern Saturday. Nassib was only sacked once, and his 470 passing yards wouldn’t have been possible if his line didn’t allow him to have ample time in the pocket.AdvertisementThis is placeholder textAfter the game, Marrone said during his press conference that he wasn’t telling how he truly felt about the line during camp, particularly the right side.“I had a concern for those kids,” Marrone said. “There’s a lot of consistency during practice and I was trying to fight in myself to find out was it inconsistency because you’re playing against the same players all the time and they really know you in and out. But we had four kids playing.”Foy rotated with Rob Trudo at guard, and Andy Phillips rotated with Alexander at right tackle.Alexander’s inexperience did prove costly when he committed a couple of false start penalties that hurt Syracuse in a game where penalties and mental mistakes were all too common.Throughout the preseason, Marrone spoke glowingly about Hickey’s work ethic, progress and his ability to recover so well after serious knee injuries. After Saturday’s game, Marrone’s praise continued.“He got the blindside of the quarterback there and they’ve got some pretty good rushers on that team,” Marrone said. “They were mixing it up pretty good inside, outside. I tell you what, he didn’t play like a guy playing his first game from what I saw on the sideline.”Overall, Marrone’s concerns going into the game had to be lessened after it. Sure, there were some miscues, but overall, the Northwestern defense really never managed to break through the line.The key, though, is keeping that up against teams much better than the Wildcats, starting next Saturday against Southern California. Comments Facebook Twitter Google+ Published on September 2, 2012 at 1:03 pm Contact Chris: | @chris_isemanlast_img read more

Food service workers demonstrate for wage raise

first_imgOn Wednesday afternoon, USC Hospitality and Auxiliary Services workers held a protest on Childs Way near the Ronald Tutor Campus Center demanding higher wages.About 20 food service workers marched and chanted from noon until about 5 p.m.This marks the first protest by USC workers in the spring semester. Though the workers conducted larger protests in 2014, this is the first demonstration on campus grounds.The dialogue between the workers, represented by Unite Here Local 11 union, and the university began last summer.“We have been negotiating since July but we have not reached an agreement,” said Maria Villalobos, a university food service worker. “Our lawyer and their lawyer have been in talks but we have not reached a deal.”Villalobos, who has been a university employee for 42 years, explained that the protests have come after a series of unsuccessful meetings with the university. She explained how some of her colleagues have been suffering due to the low wages and limited hours allowed to work.Last year, Local 11 union, along with the Student Coalition Against Labor Exploitation, held demonstrations to the same issue. They claim that most of the workers protesting are paid less than $20,000 per year, a figure that traps them below poverty line.“We have had three protests in the 42 years I have worked here,” said Villalobos. She explained that the contract negotiations have stalled because the university is offering an increase of about 25 cents per hour after five years since the last negotiations.“We are going to continue to put pressure on them until there is a fair agreement.  The current wages for these workers are simply not reasonable,” said Christian Torres, the union organizer who represents the workers.If the university fails to meet the worker’s demands, another protest is scheduled for Jan. 29.last_img read more