Kimia Farma upbeat about booking profit despite pandemic

first_imgPardiman, however, did not elaborate on the company’s profit projection for this year.The company recorded Rp 12.72 billion in losses in 2019, compared to Rp 491.5 billion in profit a year earlier, due a 119.16 percent increase in finance costs.It booked Rp 48.57 billion in profit in the first half of this year, a 1.7 percent increase from Rp 47.7 billion last year, its financial report shows.Its net sales also increased slightly by 3.5 percent year-on-year (yoy) in the year’s first half to Rp 4.68 trillion, from the January to June period of 2019, despite the blow dealt to the economy by the pandemic. Publicly listed pharmaceutical firm PT Kimia Farma is aiming to make up for last year’s losses despite the COVID-19 pandemic, after recording a promising financial performance in this year’s first half.The company’s finance director Pardiman said on Wednesday that the company had prepared several strategies to book a profit this year, including conducting retail transformation, optimizing its supply chain and diversifying its products and portfolios, among other measures.“The strategy was proven in the first quarter of this year when we managed to book Rp 160 billion [US$10.8 million] and we believe this will continue through to the end of the year,” he said during an online public expose, referring to the company’s operating income in the year’s first quarter. The company’s optimism also seems to be supported by the fact it has seen an increase in sales of COVID-19 related products, like medicines and health supplements, during the pandemic.“However, [sales of] products not related to the coronavirus, such as cosmetics, declined by around 30 percent compared to a year prior and that will continue to pose a challenge for us,” president director Verdi Budidarmo said.The company’s generic medicine sales saw the highest jump of 10 percent yoy to Rp 739 billion in the first half of the year, while over-the-counter medicine and cosmetics sales nosedived 17.8 percent yoy, its report shows.Given that the pandemic has yet to show signs of slowing down, business development director Imam Fathorrahman said the company would continue to develop products that could help prevent COVID-19. The company plans to distribute a vaccine candidate that is currently being developed by state pharmaceutical firm Bio Farma, in cooperation with Sinovac Biotech of China.Read also: Indonesia teams up with global manufacturers in vaccine huntAt the same time, Kimia Farma will also develop products for degenerative illnesses that have been included in the company’s product development roadmap this year, as ailments like cancer, diabetes and cardiovascular disease continue to increase both domestically and globally.It will also continue its organic expansion plans this year by allocating Rp 547 billion in capital expenditure (capex) sourced from its own internal funding, said Pardiman.“We have used about 54 percent of the capex to develop our pharmacy, clinic and laboratory chain, our medicine production and our raw material plant in Cikarang [in West Java],” he said.The raw material plant, which has been in operation since 2019, was established under a joint venture with South Korea’s Sungwun Pharmacopia Co Ltd in 2016, and is also aimed at reducing Kimia Farma’s dependency on imported raw materials.Verdi said the country’s pharmaceutical industry was still heavily dependent on imported raw materials from China, India and many other countries.He expects the plant to reduce the firm’s raw material imports by 2.72 percent this year.“We hope this will continue, as we aim to further reduce our raw material imports by 23.82 percent by 2024,” said Verdi.Kimia Farma also plans to diversify its products and portfolio this year through inorganic growth. Verdi said the diversification would be achieved through strategic partnerships with other companies rather than through acquisitions.“These partnerships include developing products that relate to our core pharmaceutical business, both for COVID-19 products and non-COVID-19 products,” he said.Meanwhile, Pardiman said the company was committed to reducing its accounts receivable, including Rp 1.13 trillion from the government, to help reduce its short-term loans.Kimia Farma’s shares, traded on the Indonesia Stock Exchange (IDX) under the code KAEF, were up by 7.21 percent to Rp 2,380 apiece as of 1:42 p.m. on Thursday.Topics :last_img read more

Arsene Wenger fires warning to Nicolas Pepe after his slow start at Arsenal

first_imgArsene Wenger fires warning to Nicolas Pepe after his slow start at Arsenal Pepe has scored one goal for Arsenal since his £72m move (Getty Images)‘He’s not yet completely adapted and you have to give him some time.AdvertisementAdvertisement‘He looks a little bit to be playing not with the freedom he did in France at the moment.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘I see some characteristics of his game, especially off the ball, that don’t happen at the moment.‘On the other hand, I must say we have good young players who can play on the flanks, [and] that he will have a fight to keep his position.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Metro Sport ReporterTuesday 8 Oct 2019 8:33 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Arsene Wenger has spoken out on Nicolas Pepe’s slow start at Arsenal (AMA/Getty Images)Arsene Wenger has warned Nicolas Pepe that he risks losing his place at Arsenal if he doesn’t show signs of improvement.The 24-year-old has struggled to make an impact since his £72 million arrival from Lille in the summer, scoring just one goal in 10 appearances for the Gunners.Wenger admits he supports Arsenal’s decision to sign Pepe but feels the winger must start to deliver due to the strong competition for places in Unai Emery’s attack.‘I like the player and I thought it was a good decision [to sign him],’ Wenger told Omnisport.ADVERTISEMENT Comment Advertisement Advertisementlast_img read more

VNU scheme to transfer assets to Aegon in buyout

first_imgThe scheme added that, by joining Aegon, it would also avoid a situation in which it can no longer find capable board members.At Aegon, all participants and pensioners will receive an inflation compensation based on the European consumer index.As the pension fund’s coverage ratio stood at 127.4% at the end of September, the scheme had sufficient assets to also grant part of the indexation in arrears.The pension fund’s active participants continue to accrue new pensions rights with another provider as of 1 January.The scheme nor the employer could be contacted for further details. The €630m Dutch pension fund VNU said it will transfer all its pension assets and accrued pension rights to insurer Aegon in a buyout, adding that it will liquidate subsequently.It said this way it wanted to secure accrued pension rights as well as inflation compensation for its approximately 5,200 workers, deferred participants and pensioners.VNU, the pension fund of publishing company Nielsen, had already placed €440m of its liabilities with Aegon, but still paid inflation compensation from its remaining assets.On its website, it explained that there is a possibility that it will not be able to keep on granting indexation, and that a buyout will eliminate this risk. Since 2009, the scheme could not pay full indexation during a couple of years.last_img read more

With a rainforest backdrop, this large family retreat is tipped to draw plenty of attention

first_imgMore from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days ago51 Red Peak Boulevard, Caravonica.The home features polished timber flooring and extensive use of floor-to-ceiling windows, a lavish master bedroom suite with enormous separate walk-in robe and ensuite, and wraparound timber decking on the upper level, which can be easily accessed from every room.The modern entertainer’s kitchen comes complete with Miele appliances and enormous Caesarstone island bench.“There’s also a fully self-contained, separate living area downstairs,” says Mr Oberdan.“It’s perfect for families who have frequent visitors from out-of-town,” he says. 51 Red Peak Boulevard, Caravonica.Other features of the property include a sizeable wine cellar, cyclone bunker, sparkling in-ground pool with water feature, double garage with side access for additional cars, the boat or caravan, intercom, monitored alarm and airconditioning throughout.Nestled at the base of Red Peak Mountain on the Macalister Ranges, the home offers residents all the comforts of suburban living with a backdrop to World Heritage-listed rainforest and Far North Queensland’s cane fields.The home has the convenience of a central location and is a short drive to the Cairns CBD, Cairns Airport, James Cook University, numerous local private and state schools, Smithfield Shopping Centre and the stunning northern beach coastline of Cairns. 51 Red Peak Boulevard, Caravonica. Cairns Post Real Estate 30/06/18SET in the prestigious Red Peak Forest Estate against a unique rainforest backdrop, this five-bedroom family retreat embraces its surrounds with a simplistic yet elegant architectural design.Sprawled across two levels, 51 Red Peak Blvd has a clever, open-plan layout with multiple indoor and outdoor spaces, offering large families a range of living options.With the inclusion of essential tropical living requirements, including abundant spaces filled with prevailing cool mountain breezes and drenched in natural light, the multi-award winning home offers the perfect balance of style, comfort and contemporary living.Joe Oberdan moved into the property – his “dream home” – with his wife and three children soon after it was completed in 2008. 51 Red Peak Boulevard, Caravonica.“It’s quite an amazing setting there,” he says.“You see all these butterflies and native birds flying around.“The children absolutely loved living there. It’s a really beautiful place.” 51 Red Peak Boulevard, Caravonica.Combine this with the beauty of tranquil rainforest-covered mountain surroundings, panoramic ocean views, cascading waterfalls, leafy hiking trails and a lake, and you have discovered one of Cairns’ best kept secrets.Mr Oberdan says while he and his family have thoroughly enjoyed the past 10 years at, the time has come to move on to the next chapter.“We have really loved living there, but it’s just one of those sad things – we’ve moved interstate now and we’re moving on.”last_img read more

Coronavirus to drive the lowest interest rates in Australian history

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:04Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:04 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCameron Kusher Covid-19 update02:05More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours ago Mr Howen said the lowest interest rate right now as 2.09 per cent from ING fixed, with the major banks also sitting low with Commonwealth Bank at 2.19 per cent fixed. But he said that could drop down below 2 per cent even as soon as a month.“Will we see 1 per cent? It could happen but that will be banks and other lenders getting super competitive,” he said.“RBA has ruled out any further interest rate cuts … They’ve pumped majors and non banks with funding. If major banks are at 2.09 or 2.19 per cent now, there’s a chance that once that (funding) flows through to non bank lenders, we might see a 1 and we could potentially see that in a month or so.”“If you see a major bank with a 2.19 you go okay something’s up if they can offer such low rates, which is crazy.”Mr Howen said now that people were at home they had the time to go through their finances. FOLLOW SOPHIE FOSTER ON TWITTER Mr Howen said first home buyers and families refinancing current mortgages were driving the surge.“Our traffic has gone up five times,” he told The Courier-Mail. “We’re an online mortgage broker and lender, always 100 per cent online, and now that you can’t physically see people, we’re seeing a lot more people come through.”“This happened after the GFC as well, the stock market crashed, people took money out and people had self managed super funds. The same thing is kind of happening now. It’s early days but we’re getting that sense of people feel safer with property … It’s going to take a while to play out, I think six to 12 months.” Online brokers are seeing a rise in interest from people wanting to refinance and first home buyers.Homebuyers are lining up fresh new mortgages as the country prepares for what’s expected to be record low interest rates the likes of which Australia never dreamt it would see.Online lenders were already experiencing a massive spike in enquiries, with founder of Hero Broker Clint Howen, who runs Hero Home Loans online, seeing enquiries surge to five times their usual traffic.center_img MORE: Auctions wiped as vendors find new ways to sell Developers cautious but not deterred by COVID-19 threatlast_img read more

City gov’t not auctioning PECO assets anymore

first_imgILOILO City – The Dec. 12 auction ofPanay Electric Co.’s (PECO) assets by the city government to offset the powerdistribution utility’s real property tax (RPT) liabilities will no longer pushthrough. Its franchise actually expired on Jan.19, 2019 and Congress refused to grant it another one, citing consumers’complaints of, among others, poor customer relations, inaccurate or wrongbillings and high rates. The government instead awarded a 25-year franchise toMORE Power. The P134.9 million paid representedPECO’s RPT liabilities from 2006 until 2019 (principal amount only). He welcomed the scrapping of theauction of PECO assets on Dec. 12. PECO paid the city government P134.9million on Monday. “What do they really have right nowother than the backing of their friends in government?” asked Cacho. * the city government will issue anofficial receipt to PECO for the RPT payment made “We just wanted a clarification. Whywere we suddenly slapped with an unfair 10-year back-tax assessment,” saidCacho.  Also in the agreement between PECO andthe city government were the following: “Those who want to take over ourservices through whatever means at their disposal – ethical or otherwise –wanted to participate in the planned auction because they wanted to takeshortcuts in acquiring power distribution assets,” said Cacho. What PECO only has is a provisionalCertificate of Public Convenience and Necessity issued by the Energy RegulatoryCommission to ensure uninterrupted service to consumers during a two-yeartransition period with MORE Power./PNcenter_img PECO had not been issued a businesspermit for failing to settle its real property taxes. The truth is that they have nophysical capability to serve the power needs of Iloilo City, he stressed. * issue all appropriate licenses andpermits to PECO for the operation of its business, subject to compliance withthe Iloilo Tax Code PECO has always been willing toamicably settle its tax dispute with the city government, stressed PECO head ofPublic Engagement and Government Affairs Marcelo Cacho. Yesterday, the Sangguniang Panlungsod(SP) authorized Mayor Jerry Treñas to sign an agreement with PECO relative tothe latter’s tax obligations. The company will execute appropriate pleadings ormotions to cause the termination of the tax cases it faces before the LocalBoard of Assessment Appeals (LBAA). The interests and penalties remain assubjects of LBAA Case No. 2017-01 and LBAA Case No. 2019-01. Last month, PECO rival MORE Electricand Power Corp. (MORE Power) expressed intention to join the auction. Iloilo City Treasurer Jinny Hermano receives this check amounting to P134.9 million from Panay Electric Co. administrative manager Marcelo Cacho as the company’s payment for a decade of long-overdue real property taxes. CITY MAYOR’S OFFICE PHOTO The city government had planned toauction, among others, PECO’s 20,000 wooden and concrete posts, electricmeters, transformers, electrical cables, and other power distributionequipment.last_img read more

PhilHealth owes Bacolod hospital P134 million

first_imgGasataya said CLMMRH “badly” need the money to sustain the hospital’s daily expenses amid the coronavirus disease 2019 pandemic. He wrote a letter for this call dated July 27 to PhilHealth president and chief executive officer Ricardo Morales government.According to Gasataya, CLMMRH medical chief Julius Drilon told him that PhilHealth’s unpaid claims as of June 30 were supposedly intended for the procurement of supplies, like extraction kits, test kits, personal protective equipment, which will be used in the hospital’s molecular laboratory. “If (the reimbursements are) left unsettled, the operations of the hospital would be hampered as expenses for the laboratory consumables per month amount to approximately P7 million,” Gasataya said. BACOLOD City – Lone District Rep. Greg Gasataya is urging the Philippine Health Insurance Corporation (PhilHealth) to settle the P134,607,154.94 unpaid claims of Corazon Locsin Montelibano Memorial Regional Hospital (CLMMRH).center_img CLMMRH is the only tertiary government hospital in Negros Occidental. The CLMMRH has become the leading institution in the testing and treatment of COVID-19 patients in this province, Gatasaya pointed out./PNlast_img read more

Arkansas Spring Nationals checkers fly twice for Taylor

first_imgBATESVILLE, Ark. (March 25-26) – Another early-season special at Batesville Motor Speedway brought out the best in Jeff Taylor.Taylor swept $1,000 to win Xtreme Motor Sports IMCA Modified main events on Friday and Saturday during the Arkansas Spring Nationals lidlifter.He’d brought the broom to Batesville as recently as 2014, winning all three season-starting special main events that spring as well.“I was really comfortable with my car,” said Taylor, coming off an IMCA career-best 14 feature wins in 2015 and already on the ballot for the upcoming Fast Shafts All-Star Invitational. “I’ve been racing here since 1996. I don’t know how many laps I’ve got here but I learned from the best. My car could do anything this weekend.”Taylor started Friday’s 30-lapper from inside the second row and led most of the way, holding off Tyler Droste after getting into lapped traffic.Droste got a look inside Taylor once but wasn’t able to get by and settled for second. Richie Tosh, Robby Arnold and Brint Hartwick completed the top five.Arnold, Tosh, Hartwick and Droste finished in that order behind Taylor in the Saturday main event pared to 25 laps after a multi-car incident.Taylor had started fifth and passed brother Peyton for the front spot on lap 11.Feature ResultsMarch 25 – 1. Jeff Taylor; 2. Tyler Droste; 3. Richie Tosh; 4. Robby Arnold; 5. Brint Hartwick; 6. Clay Norris; 7. Mark Norris; 8. Brandon Smith; 9. Bennett Johnson; 10. Daryl Hay; 11. Rick Engles; 12. Chris Junkersfeld; 13. Peyton Taylor; 14. Mike Bowers; 15. Drew Armstrong; 16. Tyson Franks; 17. Timothy Culp; 18. Buck Reid; 19. Kris Lloyd; 20. Heath Grizzle; 21. Travis Mosley; 22. Jeremy Tharp; 23. Mikey Bell; 24. Brian Ritchie.March 26 – 1. Jeff Taylor; 2. Arnold; 3. Tosh; 4. Hartwick; 5. Droste; 6. Mosley; 7. Mark Norris; 8. Bowers; 9. Armstrong; 10. Clay Norris; 11. Engles; 12. Brandon Smith; 13. Johnson; 14. Bell; 15. Hay; 16. Tyler Newcom; 17. Lloyd; 18. Gage Raines; 19. Blake Smith; 20. Junkersfeld; 21. Tommy Burkhead; 22. Ritchie; 23. Chadd Avery; 24. Peyton Taylor; 25. Daniel Roe.last_img read more

Newcastle will fight to keep Coloccini

first_img Press Association Newcastle boss Alan Pardew is gearing up for a fight to hold on to skipper Fabricio Coloccini for the second time in five months. However, Press Association Sport understands there has been no contact between the two clubs, and that any approach from the South Americans would not be welcomed. Pardew has repeatedly spoken of his desire to keep Coloccini, although he admits the decision ultimately lies with the former Deportivo La Coruna man. However, any deal would be fraught with difficulties with the player still under contract and San Lorenzo having admitted they will not be able to come anywhere near Newcastle’s valuation of a man who cost them £10.3million in August 2008. Coloccini is a fans’ favourite and his influence during the tense final few weeks of a difficult season was key, and central defensive partner Steven Taylor is as keen as Pardew to see him stay. Taylor told the Shields Gazette: “The lads love playing with him and we hope he stays. “Colo and I have had a great partnership over the past few seasons. We have a good understanding. We know each other’s strengths and weaknesses. We seem to be able to mix it up. “He’s very composed and he’s not shy of a tackle as well. He’s been great a guy in training. You can learn a lot from him. I’ve got a fantastic partnership with him, and hopefully that will continue.” center_img The 31-year-old asked to leave the club for personal reasons in January, but was persuaded to stay on Tyneside, with Pardew determined to retain the services of a man who signed a four-year contract extension in March last year. Argentinian club San Lorenzo, who employ Coloccini’s father as a youth coach, are desperate to recruit the central defender, and president Matias Lammens has already indicated he is planning to fly to England in a bid to prise the player away from the Magpies. last_img read more

The Latest: NHL to reopen facilities for voluntary workouts

first_imgThe NHL’s season remains “on pause,” but the Penguins will participate in the approved playoff format whenever the season resumes.___Atalanta coach Gian Piero Gasperini says the reaction from Champions League opponent Valencia after he acknowledged testing positive for the coronavirus is “really very offensive.”Valencia expressed “surprise” and a top health official in the Spanish region said Gasperini “lacked responsibility” for traveling to Spain with symptoms of the virus. He recently told Italian media he felt sick the day before the March 10 match in Valencia.Gasperini tells Sky Italia, “I know that I respected the protocols. I was in quarantine like everyone else until training resumed. I never had a test. It was only in May when (the entire team) had blood tests that I realized that I had had the virus.” German newspaper Bild reports that some of the players were pictured without face masks during appointments at home with a celebrity barber. Forward Jadon Sancho was among the players.League rules during the coronavirus pandemic say players should minimize contact with people from outside their household. They have to wear masks for large parts of game days unless actually on the field.Dortmund sporting director Michael Zorc says he spoke with the players about their behavior and adds that they only removed their face masks to pose briefly for pictures. Zorc adds that the 20-year-old Sancho is still “very young.”___The Italian soccer federation is launching a fund of nearly $25 million to help clubs and their members following the crisis caused by the coronavirus pandemic. The Save Soccer Foundation will need definitive approval at a federation meeting on Monday.Federation president Gabriele Gravina says “it’s an initiative which doesn’t have precedents and represents a great assumption of responsibility which the (federation) is taking in favor of the whole soccer system.”The fund consists of 21,700,000 euros ($24,500,000). It will give up to 5 million euros ($5.6 million) to each of the two divisions below Serie A as well as the same amount to support clubs from the amateur soccer league.It will also give up to 3 million euros ($3.4 million) to soccer players and the same amount to coaches and their staff.The fund will also provide 700,000 euros ($800,000) to help women’s soccer clubs that are set to complete the season. Dr. Jeffrey Kovan, the school’s director of sports medicine, was also part of the video conference. He quickly said that one student-athlete had tested positive, his father died, and his mother and sister also tested positive. Kovan said the athlete was asymptomatic and retested negative a few weeks later.The school did not disclose the athlete’s identity or his sport.“We’ve had a couple others that have had symptoms, without testing positive that we know of,” Kovan said.Michigan State athletes can begin returning to campus June 15 in preparation for voluntary workouts. Football, basketball and volleyball players will be the first to undergo testing.After testing, athletes will be instructed to self-isolate for a week, and those testing positive will be quarantined for 10 days. On June 22, athletes who initially tested negative will be given a second round of testing. Athletes who receive a second negative test will be cleared to begin voluntary workouts. They will be split into small workout groups based on people they live with. That June 3 deadline was set to come 10 days after the completion of the combine, but the NBA postponed the combine amid the coronavirus pandemic and has yet to announce a new date.In a statement, the NCAA said the Division I Men’s Basketball Oversight Committee worked with the National Association of Basketball Coaches on the new timeline and “believes this is the most equitable alternative available in these unprecedented circumstances.”“This provides the utmost flexibility to student-athletes testing the waters to make the most informed decision about their future during this uncertain time,” NCAA Senior Vice President for Basketball Dan Gavitt said in the statement.___NBA G League has canceled the rest of its season. June 4, 2020 The Latest: NHL to reopen facilities for voluntary workouts ___A fraudster has used data of Brazilian soccer star Neymar to request a government handout paid to informal workers during the COVID-19 pandemic.Day Crespo, a spokeswoman for the Brazil and Paris Saint-Germain striker, confirmed the information to The Associated Press after it was reported by local news website UOL. Crespo also said Neymar has already informed authorities about the incident. The handout is of about $170 a month. A representative of Brazil’s state-run bank Caixa Econômica Federal was not immediately available for comment. UOL said the request on Neymar’s behalf was accepted, but its status was changed to “under analysis” after its report was published. Fraudsters used data from other Brazilian celebrities to receive the government money in the Latin American country hit hardest by the coronavirus.___ Division I schools are not supposed to have fewer than six sports for male athletes. CMU announced last month it was dropping men’s track and field, citing university-wide budget cuts. That leaves the school with five men’s teams — baseball, basketball, cross country, football and wrestling.“This waiver has been granted for the 2020-21 and the 2021-22 academic years,” athletic director Michael Alford said in a statement. “We continue to research and determine the best course of action to return the department to full compliance. I want to thank the NCAA staff for making this an efficient process and for understanding the difficult decisions the COVID-19 pandemic has forced our department to make.”___The NCAA has set a new schedule for early entrants to the NBA draft to withdraw and return to school.The NCAA announced Thursday that it would give players until 10 days after the NBA scouting combine or Aug. 3, whichever comes earlier. This comes three weeks after the NCAA postponed its deadline, which was originally scheduled to fall on Wednesday. Valencia said after the March 10 game that about 35% of its team had the virus.Gasperini adds, “Looking back, I think that was the period when I didn’t feel well. But I never had a fever or any sort of respiratory problems. When I left from Bergamo I felt fine. I had some problems that evening and the day after (the match).”Experts say the first leg on Feb. 19 in Milan was one of the biggest reasons why the virus was so deadly in Atalanta’s home city of Bergamo. The match has been dubbed “Game Zero” by Italian media.___Seven Arkansas State athletes have tested positive for COVID-19 and are self-isolating for 14 days. “The intent is that if we keep our volume, our number of athletes together in a small set, and their strength coach works with just that group when they work out, and somebody in that group is positive, then we can isolate that individual group as opposed to the whole team,” Kovan said.Common areas like locker rooms and lounges will remain closed. Athletes will be given masks and required to wear them while in facilities, except during workouts.___A member of the Pittsburgh Penguins has tested positive for COVID-19.The team announced Thursday that an unidentified player has been diagnosed with the coronavirus. The team says the player was not in Pittsburgh at the time of test and has been at his home since first experiencing symptoms. The club said the player is “recovering and feeling well” and those who have been in close contact with him have been notified. Associated Press A day after announcing a deal with its players’ association to resume the season with a tournament in Florida, Major League Soccer says teams may resume training.MLS says each player and staff member must complete two tests for the coronavirus 24 hours apart, 72 hours ahead of the start of training. Every player also must have a test for antibodies and a physical.Once training starts, players, coaches and some staff must be tested for the virus every other day. An individual who tests positive would be isolated, tested again at least 24 houts later, and all close contacts would be tested. High-risk individuals must be cleared to participate by the team’s chief medical officer in consultation with the MLS medical staff.Testing for antibodies will take place every three months. Testing providers must be authorized by the FDA or Health Canada.Training rooms and gyms will be restricted to a maximum five people, and lockers should be spaced a minimum 10 feet apart. Doors should be left open. “While canceling the remainder of our season weighs heavily on us, we recognize that it is the most appropriate action to take for our league,” NBA G League President Shareef Abdur-Rahim said.The league suspended play March 12.___NASCAR is set to run its All-Star race on a Wednesday night at Charlotte Motor Speedway and added one more weeknight Cup Series race as part of its latest revised schedule through July.NASCAR has revamped its schedule in the wake of the coronavirus pandemic and announced even more changes on Thursday. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The National Hockey League is allowing team facilities to reopen and players to take part in voluntary on- and off-ice workouts beginning Monday. NASCAR will keep its scheduled twinbill weekend later this month at Pocono Raceway. The track is still scheduled to hold a Truck Series and Cup Series race on June 27 and an Xfinity Series and Cup Series race on June 28. The compressed schedule because of the pandemic has forced NASCAR to run races from all three national series multiple days a week. NASCAR crammed five Cup races on the schedule from May 17 to May 31.The rest of the Cup schedule includes a July 5 race at Indianapolis Motor Speedway, July 12 at Kentucky Speedway, the All-Star race on July 15 at Charlotte, July 19 at Texas Motor Speedway and July 23 at Kansas Speedway. The new schedule wraps Aug. 2 at New Hampshire Motor Speedway.The All-Star race is usually held in May and New Hampshire was bumped from its July date. Pocono, Indy and Kentucky stayed the same.NASCAR also scheduled five Truck races and six second-tier Xfinity races. The Cup Series races again Sunday at Atlanta Motor Speedway.The schedule for the rest of the season will be released at a later date. The league announced its move to “Phase 2” of a potential return Thursday night. Earlier in the day, it unveiled the final details of the 24-team playoff format that will be used if play resumes and the Pittsburgh Penguins announced one of their players tested positive for the coronavirus.During this stage, players can skate or work out in groups of up to six at a time. Unlike training camps, which could begin sometime in July, these workouts are not mandatory for players, who can choose to skate in their current city even if they don’t play there.___Notre Dame says it will test all its football players for COVID-19, starting June 15, before they can begin using the school’s athletic facilities for voluntary workouts.The Fighting Irish players are expected to travel back to campus from June 8-17. Testing for football players and and employees will be conducted June 15-19. Players and employees will be tested for COVID-19 and antibodies for the coronavirus, which would signal previous exposure to the disease. Cancellation policies detailed in IOC accounts cost $14.4 million for the 2016 Rio de Janeiro Olympics and $12.8 million for the 2018 Pyeongchang Games.The IOC said last month it set aside $650 million to cover potential extra costs for the postponement.Costs for organizers in Japan are expected to run to billions of dollars.___Borussia Dortmund has defended a group of players who were accused of breaking Bundesliga hygiene rules while getting haircuts. Oklahoma State and Marshall have announced they’ve each had three athletes test positive.___The International Olympic Committee is in talks with insurers over compensation for the postponed 2020 Tokyo Games.Olympic operations director Pierre Ducrey says there is “an open discussion” between the IOC and insurance brokers “to try and find the right level of compensation to help us bear the cost of having to wait another year.”The IOC pays for insurance against the cancellation of an Olympics but it is unclear if its policy covers a one-year postponement. Food is restricted to individual, prepackaged meals and individually wrapped utensils, and 10 feet of distancing is necessary while eating.Staff is to use appropriate personal protective equipment.___Michigan State says a student-athlete’s father died of COVID-19 and the athlete tested positive but remained asymptomatic.Athletic director Bill Beekman was part of a video conference with reporters Thursday to discuss the school’s plans to have athletes back on campus. When asked if any athlete or athletic department personnel had tested positive in the past three months, Beekman said nobody that he was aware of — but that he might not necessarily have all the information. The phased approach will include quarantines for players returning before they get tested. Players who fly back will be expected to quarantine for seven days before they get tested and those who drive will be expected to quarantine for three days before being tested. Players will be housed at the Morris Inn, an on-campus hotel in South Bend.“We’re going to have positives. I think that’s to be expected,” Dr. Matt Leiszler, head physician for Notre Dame football. “That being said, we need to do a really good job of controlling those. The things that play into that are a really robust contact tracing system to ensure if we have a positive we’re going to move really quickly in coordination with the university to limit those other close contacts so we don’t end up with a cluster.”Leiszler said Notre Dame players will be tested again for COVID-19 after their initial test but did not specify when that second test would occur.___Central Michigan says it has received a waiver from the NCAA regarding the minimum Division I sports sponsorship requirements. Chancellor Kelly Damphousse said the seven athletes are from three sports, and all were asymptomatic Thursday. They learned of the positive results Wednesday night.The athletes who tested positive and are living off campus will self-isolate there or at home for 14 days. Those living on campus will self-isolate in their residence hall or at home for 14 days.Damphousse said contact tracing has begun, and anyone who has been exposed to any of the seven athletes will be required to quarantine for 14 days.“This is a day that we knew would come, not just at A-State, but for colleges and universities across America,” Damphousse said.An Arkansas State spokesman said he didn’t know how many athletes have been tested since they began returning to campus for voluntary workouts. ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more