Tether (USDT), the stablecoin pegged against the US dollar, is surging against the Russian ruble. The stablecoin is up by more than 30% in just [...]

As an immediate countermeasure against the rising inflation of its fiat currency, the Russian central bank doubled key interest rates on Monday, from 9.5% to 20%.

JAKARTA, Feb 28, 2022 - (ACN Newswire) - The State-owned Enterprises (SOEs) Ministry aims to involve more women, millennials, and Papuans either in its companies or in the ministry itself, in a bid to build a diverse, equal and sustainable leadership.
SOEs Minister Erick Thohir will target the promotion of 10 percent of young leaders in the SOEs by 2023, or double from five percent of young leaders promoted this year.

Young leadership and women's leadership is viewed as a driving force to help expedite the realization of the SOEs programs, as well as to transform the human capital.

"I am fully concerned about the human capital transformation, since it is the start to push the transformation in the ministry. We are changing the structures, leaderships, mindsets, and core values we own," he said.

In addition, young people are blessed with outstanding intelligence and mindsets that, in nature, may function differently when they are older, according to Thohir.

"In terms of leadership, we know that God blesses extraordinary intelligence and mindsets to humans, but in the limited ages," he said.

Hence, the Indonesian younger generation should be offered the opportunities to become leaders and take positions in SOEs that align with their competence.

By 2021-end, the minister installed some young leaders under 42 years in several strategic positions, such as Soleh Ayubi, 38, who currently serves as Chief Digital Health Officer at PT Bio Farma. He formerly worked and built a career in the United States.

Muhammad Fajrin Rasyid is also among the young leaders who was promoted to become a director at PT Telekomunikasi Indonesia. He formerly served as Bukalapak co-Founder and President.

Productive Generation

The ministry is pressing for young leadership, since Indonesia will reach a critical momentum from 2024-2034 when young people under 40 years will become the majority in the country.

Young people will dominate and become the trendsetters in the market during the upcoming years. Currently, however, most of the Indonesian younger generation tend to be consumptive, not productive.

"We must change the mindsets, and how they can be productive and create the markets for Indonesian markets," Thohir noted.

To this end, they need to be assisted with a supporting ecosystem that helps them to develop their ideas and create breakthroughs.

Thohir spoke of his intent to build such an ecosystem, that could be very competitive among other countries.

He mentioned South Korea as a country that has successfully built its pop-culture ecosystem in the past ten years, compared to the US and Japan that had led the industry.

He is optimistic that Indonesia can also be the country that can build its own supporting ecosystem, as it has large infrastructures and SOEs in many areas, such as telecommunication, banking and tourism.

Indonesia is also projected to become the fourth largest economy in the world. Such a prediction will not remain a dream if the young generation prepares themselves well, Thohir noted.

"The opportunities will not come twice. We have built toll roads, airports, seaports, and other infrastructures. In the near future, we will build digital infrastructures, such as data centers, wifi, optic fiber, 5G tower," he said.

Women Empowerment

The role of women is inseparable in SOEs, since their ideas, thoughts, initiatives, and actions contribute to the companies' advancement.

Women leaders in SOEs mirror the ministry's efforts in enhancing equal leadership. They hold some strategic positions akin to president director, for instance, with President Director of PT Pertamina Nicke Widyawati, President Director of PT ASDP Indonesia Ferry Ira Puspadewi, and President Director of Airnav Indonesia Polana B Pramesti.

To involve more women in SOEs, the ministry incorporated with Indonesian Human Capital Forum (FHCI) and Indonesia's Plan Foundation also ran an empowerment program for young and talented women, namely the 2021 Girls Takeover.

The program offers opportunities for six young women aged 20-24 years who were selected from some 7,000 candidates, to play a role as an SOE ministers or director for one day to coincide with International Daughters' Day on October 11.

One of the finalists, Sharon Florencia, 24, shared her experience in taking over as SOE Minister. She acknowledged the valuable lessons she gained from Minister Thohir, especially from his leadership.

"During taking over as the SOE Minister, I observed the need to boost women's leadership through mentorship programs for women, as well as scholarship programs for those in eastern Indonesia who do not have equal access to education," she said.

Another finalist, Adinda Zenniar, 20, who took over for Bank Mandiri President Director Darmawan Junaidi, is keen on enhancing women's capabilities in digitalization.

"I see that the company plays an important role in enhancing women's leadership in information and communication technology by providing training and job opportunities for young women to work in this area," she said.

Young Papuans in SOEs

BUMN Muda (Young SOEs), a community under FHCI, plays an active role in developing SOEs' human capital, including young talents from Papua and West Papua, to become future leaders.

"We focus on human capital development of the young generation nationwide, including young talents from Papua and West Papua," BUMN Muda Chairman Soleh Ayubi said.

FHCI recruited 776 young Papuans by 2021-end. They were installed in 55 SOEs, reaching 77 percent of the realization from 1,000 talents targeted.

The forum strives to uphold the commitment to recruiting the best Papuan talents by improving the process and the SOEs involvement to offer them more opportunities, FHCI Chairwoman Alexandra Askandar remarked.

The commitment is in line with President Joko Widodo's policy to recruit 1,000 young talents from Papua and West Papua to work in SOEs across Indonesia.

Reporter: Juwita Trisna Rahayu; Editor: Fardah Assegaf (c) ANTARA 2022.
Photo: ANTARA FOTO/Dhemas Reviyanto/hp

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe State-owned Enterprises (SOEs) Ministry aims to involve more women, millennials, and Papuans either in its companies or in the ministry itself, in a bid to build a diverse, equal and sustainable leadership.

While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system.

The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT.

The post US, EU governments pledge to remove ‘selected’ Russian banks from SWIFT network appeared first on The Block.

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GENOA, Italy, Feb 9, 2022 - (JCN Newswire) - Hitachi Rail will supply the Ligurian capital Municipality with 14 new generation trains equipped with the onboard systems necessary for the correct operation on the Genoa Network. The investment amounts to EUR70 million. The agreement was recently signed by AMT, acting on the basis of a mandate by the Genoa Municipality, beneficiary of the state financing.

The new trains will support the expansion of the metro network of Genoa, to connect an increasing number of people with sustainable mobility solutions.

Each of the new trains, made up of four carriages with an overall capacity of 290 passengers, will be bidirectional, 39m. long. They will normally run in consist of two for a total length of 78m. and a capacity of 580 passengers.

To allow a greater operative flexibility the new trains will be able to run also coupled with third generation vehicles currently in service on the city's infrastructure.

The design of the interior fittings and onboard systems was conceived to limit as much as possible the encumbrance of the technical systems into the passenger compartments to have a continuous visibility through the adjoining cars. The seats create a symmetrical and well balanced layout for weight balance. The new metro trains will feature an innovative interior and exterior design, a state-of-the-art technology and the use of materials fully compliant with safety, resistance and recyclability requirements.

For the operation on the Genoa network the trains will integrate ATP and ATO system, related to speed control and assisted automatic drive.

The onboard telecommunication system is present in each car and thanks to Ethernet it can guarantee the connectivity of all communication devices, such as sound and display for information to the passengers, emergency intercom and control devices reserved for the driver.

Furthermore the cars will be equipped with an innovative air conditioning system that will greatly increase the comfort of passengers in every condition and season.

The new trains will support the improvement of the Genoa Metro, including the west and east extensions towards Canepari and Martinez, both under construction.

The fleet will be manufactured entirely in the Hitachi Rail's factories in Italy, using a national supply chain, and the first trains will be delivered in early 2024.

These vehicles sum up to the fleet of 25 metro trains that AMT operates, 7 of which with similar characteristics and already delivered in 2016 by Hitachi Rail to Genoa Municipality.

These too will be recovered and maintained in the AMT Dinegro depot named after the Carabinieri Lieutenant Giuseppe Avezzano Comes.

This investment enhances the choice of the Municipality to turn towards sustainable mobility perfectly matching the decarbonisation strategy of Hitachi Rail.

"With these new 14 trains realised by Hitachi, a company we have a strategic partnership with, we will make the travel experience of residents and tourists more and more agreeable and comfortable," says Matteo Campora, Councilor to the Integrated Mobility and Transports of Genoa Municipality. "The improvements to the metro network are a strategic pillar of the commitment of the Municipality and AMT for the decarbonisation of the transport network in Genoa. The aim is to encourage the shift from private transport, based on polluting cars, to a more sustainable mass transport more environmentally friendly as a necessary condition to reduce the environmental footprint of our travelling."

"The improvement of the metropolitan network is fundamental for the public transport in Genoa. AMT believes in an integrated pattern metro/bus to guarantee the max mobility options available to Genoa citizens," declares Marco Beltrami, AMT Chairman. "The new 14 trains will allow us to offer a service of constantly increasing quality, within a growing network. The presence of Hitachi in Genoa allows us to have not only a global level supplier, but also a partner with whom we can launch important innovative projects."

"This contract further confirms the value of the close synergy between Hitachi Rail, Genoa Municipality and AMT for the mobility in the city of Genoa," says Andrea Pepi, Head of Sales & Projects, Rolling Stock, Hitachi Rail. "We are proud to give our contribution in terms of innovation, technologies and solutions to increase the sustainability of the public transport in Genoa to benefit people's quality of life."

About Hitachi Rail

Hitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signaling, service & maintenance, digital technology and turnkey solutions. With a presence in 38 countries across six continents and over 12,000 employees, our mission is to contribute to society through the continuous development of superior rail transport solutions. Drawing on the wider Hitachi Group's market-leading technology and research-and-development capabilities, we strive for industry leading innovations and solutions that can deliver value for customers and sustainable railway systems that benefit wider society. For more information about Hitachi Rail, visit www.hitachirail.com

About AMT Genova

AMT, Azienda Mobilita e Trasporti, is the public transport operator for the Municipality of Genoa and the city metropolitan area. It operates different transportation modes: buses, trolley buses, subway, elevators, funiculars, rack railway, narrow-gauge railway, sea and on-call services. AMT's mission is to address and implement city mobility policies, defined by the LPT government bodies, in order to make our passengers experience comfortable, pleasant and sustainable. The Vision is to become leader of public transport in Italy for the technologies employed and the ability to meet the mobility needs of citizens, in order to distinguish the city of Genoa and the metropolitan area for its public transport system. AMT is an innovation-oriented company, capable of evolving starting from 120 years of history and which today has more than 2,700 employees. www.amt.genova.it


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi Rail will supply the Ligurian capital Municipality with 14 new generation trains equipped with the onboard systems necessary for the correct operation on the Genoa Network. The investment amounts to EUR70 million.

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