A few years ago, the 21st century was often seen as the century of light. In fact, photonics has conquered our daily life: It is the technology that is in the core of a fast internet, and it enables such popular products as smartphones, to name but a few examples. Steve Anderson, Director, Industry Development at SPIE, presented a view of photonics markets that took a wider perspective of photonics as an enabling technology for large parts of our economy. In his systematics, he focuses on the photonics value chain, distinguishing four levels:

  • Level 1: Components (e.g., imaging chips, lamps, and lenses)
  • Level 2: Photonic products (e.g., imaging subassemblies, displays, and LED lamps)
  • Level 3: Enabled products (e.g., smartphones and autonomous vehicles)
  • Level 4: Enabled services (e.g., cloud computing, e-commerce, and video streaming)

It is obvious that economic figures derived from these four levels differ severely from the figures for

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Reno Surya (The Jakarta Post)

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Surabaya   ●  
Sat, May 22 2021

The sound of the takbiran (eve of Idul Fitri celebrations) reverberated as the sun slowly leaned toward the west. Minutes before dusk, the usually-bustling Bungurasih terminal right outside Surabaya was still quiet. Occasionally, ticket brokers could be seen moving from one area to another, but almost all returned empty-handed. Bus drivers were just sitting around, some chatting and some in silence, while others had fallen asleep in the open luggage compartments of their vehicles.

It was one day before Idul Fitri, usually the peak of people traveling to the places they hail from for family reunions, but the government’s decree prohibiting the mudik (exodus) this year means most transportation providers are sitting on their hands. Drivers, brokers and travel agents are left with far less income while also not b…

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It is now targeting total sales of 10.5 million units in 2021-22.

  • The global microchip shortage dragging on the auto industry has put barely a dent in production at Toyota, thanks to lessons it learned after Japan’s 2011 tsunami disaster.
  • The catastrophe left parts of Japan’s industry on its knees for months, especially vehicle makers, whose domestic supply chains were thrown into turmoil.
  • The Japanese giant reviewed all its suppliers, giving it a better understanding of its supply chain and allowing it to react quicker in times of crisis.

The global microchip shortage dragging on the auto industry has put barely a dent in production at Toyota, the world’s biggest automaker, thanks to lessons it learned after Japan’s 2011 tsunami disaster.

While the latest crisis caused by skyrocketing demand for semiconductors has forced global car makers to revise production plans, Toyota exceeded its sales targets this year and expects

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WE WANT YOU – Become a Volunteer

The Volunteer program consists of members from the community who have demonstrated a willingness to maintain a high quality of life in the area they live in. These individuals have assumed responsibilities that require them to achieve a higher level of public trust. Volunteers have an opportunity to learn about law enforcement, and with their unselfish acts of community service, help improve law enforcement services.

Volunteer Opportunities

The County of Los Angeles Volunteer program offers volunteers an opportunity to be involved with nearly every aspect of a station. Volunteers may choose to be a part of such traditional functions as:

Clergy Program – Clergy members in the community who ride with the deputies and assist in dealing with human crisis.

Front Desk – Volunteers work the station front counter in a Volunteer Uniform to greet the public and provide station services.

Clerical

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A new eight-part series Industry, set in a fictional investment bank in London, was released on HBO on November 9, and airs on BBC Two and BBC iPlayer from November 10. Created by two former British bankers, Mickey Down and Konrad Kay, its pilot was directed and executive produced by Lena Dunham.

Industry follows a group of graduates competing for a place at an investment bank, named Pierpoint & Co., as only a limited number of them will end up with a permanent position.

Industry takes a bleak realist view at what it is like to start a professional career in the financial sector in the heart of London city. Fresh out of university, these young professionals must quickly learn fast in this cut-throat environment. The series is slow to get into at first (ironic,

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The impact of the coronavirus pandemic likely set back growth in air passenger numbers by two to three years.

  • The damage of the Covid-19 crisis will be felt for years to come, forecasts an international aviation body.
  • That said, its research indicates that people have retained their need and desire to travel.
  • To ensure that aviation can sustainably deliver its social and economic benefits, though, governments must step up support for more efficient operations.

The impact of the coronavirus pandemic and related lockdowns and travel bans have likely set back growth in air passenger numbers by two to three years, according to the International Air Transport Association (IATA).

The airline body represents about 290 airlines comprising 82% of global air traffic. 

“The damage of the Covid-19 crisis will be felt for years to come, but all indications are that people have retained their need and desire to travel,” IATA

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China to gift 1 million Covid-19 vaccine doses to Nepal

China will provide 1 million doses of a Covid-19 vaccine to Nepal, its ambassador said on Wednesday, as authorities in the Himalayan country scramble to secure shots amid a surge in infections that has overwhelmed its rickety health system.

The announcement was made during a telephone conversation between Chinese President Xi Jinping and his Nepali counterpart Bidya Devi Bhandari on Wednesday, China’s ambassador Hou Yanqi said in a Twitter post.

In March, China provided 800 000 doses of the Sinopharm Covid-19 vaccine to Nepal, which also received a million shots of the AstraZeneca vaccine as gift from India. Nepal began its vaccination drive in January but the campaign has been suspended because of the lack of vaccines after New Delhi said it was unable to provide additional shots due to its domestic needs.

China and India jostle for influence in

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Cabinet has approved the submission of the Draft Upstream Petroleum Resources Development Bill to Parliament.

Following Cabinet approval, the Draft Upstream Petroleum Resources Development Bill will now be submitted to Parliament.

The proposed legislation will afford government – via state-owned PetroSA – the right to a 20% stake in all oil and gas exploration and production projects in South Africa.

The law will provide separates rules for the petroleum (oil and gas) and mining sector. 

The bill, which was first published in December 2019, details the application system for permits, the issuing and transfer of rights. 

In a statement following a meeting last week, Cabinet stated that the bill “create[d] a conducive environment for investment, growth and job creation in the upstream of petroleum resources market” as well as strategic stock requirements for petroleum rights holders to sell a percentage of petroleum at prevailing market price to the

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Rully Arya Wisnubroto (The Jakarta Post)

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Jakarta   ●  
Tue, May 4, 2021

The Indonesian banking industry has gone through one of the most challenging times since the monetary crisis in 1998/1999 and it is showing a healthy and stable condition. The capital adequacy ratio (CAR) continued to increase and liquidity remained ample, while the loan to deposit ratio remained at multi-year lows. Asset quality has been improving with nonperforming loans (NPL) relatively stable at 3.2 percent. Banks’ loans-at-risk have improved as the outstanding restructured loans impacted by the COVID-19 pandemic have decreased as some impacted debtors started to recover.

Monetary and fiscal policy have been very accommodative. The policy rate, Bank Indonesia’s (BI) seven-day reverse repo rate, is currently at a historic low of 3.5 percent. To ensure sufficient liquidity in the financial system, BI has provided as much as Rp 798.9 trillion (US$55.37 bill…

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News Desk (The Jakarta Post)


Jakarta   ●  
Mon, March 30, 2020

2020-03-30
12:14
418
7f440ff09e92db75a02bbad206e4817d
2
Business
COVID-19,coronavirus,business,aviation-industry,retail,tourism-industry,Hotel,restaurant
Free

It is only three months into 2020, but businesses across different sectors in the country have been hit hard as the COVID-19 pandemic wreaks havoc on economic activities nationwide. 

The highly infectious pneumonia-like disease has spared only a few businesses, mostly offering healthcare products and services, while many others, from airlines and hotels to retail and food and beverage industries, have taken a hard hit. 

The government officially announced the first two confirmed COVID-19 cases at the beginning of March. Several sectors felt the blow in the form of major disruptions in cash flow and business operations as the outbreak spread like wildfire, forcing some employees to work from home, while others became victims of unemployment. 

The Jakarta Post has followed recent developments closely and compiled the adverse impacts of COVID-19

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