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Businesses shut in effort to contain virus in New York City hot spots

Businesses shut in effort to contain virus in New York City hot spots

NEW YORK (AP) — Hundreds of businesses and schools in New York City neighborhoods where coronavirus cases have spiked were closed Thursday by order of the governor, but questions swirled about how effectively officials could enforce the shutdown in areas where it has been met with resentment.

The new rules were also met with legal resistance, as the Roman Catholic Diocese of Brooklyn and Agudath Israel of America, an Orthodox Jewish umbrella organization, filed lawsuits over a provision limiting attendance at indoor religious services to no more than 10 people.

Confusion and dismay reigned as the restrictions began to take effect.

In Brooklyn’s Borough Park section, the scene of two nights of protests against the clampdown by Orthodox Jews, some merchants subject to the shutdown order appeared to be operating as usual at midday, including a barber shop, cellphone stores and a toy store.

Mayor Bill de Blasio said 1,200 city workers would be out on the streets doing enforcement, though some of those efforts involved trying to educate businesses about rules imposed with little warning in hastily drawn zones with confusing borders.

All nonessential businesses in areas designated “red zones” in parts of Queens and Brooklyn by Gov. Andrew Cuomo were supposed to shut. Public and private schools were supposed to close, as well, within both the red zones and surrounding “orange zones” designated by the Democratic governor.

Exactly where those zones began and ended, though, wasn’t easily apparent from maps released by the governor’s office or the city. Parents at one Brooklyn school protested that their school had been shut by the city even though it lay outside the area the governor had designated for school closures.

The new restrictions involve parts of Brooklyn and Queens in New York City, sections of Orange and Rockland counties in the

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Businesses shut in effort to contain virus in NYC hot spots

Businesses shut in effort to contain virus in NYC hot spots

NEW YORK — Hundreds of businesses and schools in New York City neighborhoods where coronavirus cases have spiked were closed Thursday by order of the governor, but questions swirled about how effectively officials could enforce the shutdown in areas where it has been met with resentment.

The new rules were also met with legal resistance, as the Roman Catholic Diocese of Brooklyn and Agudath Israel of America, an Orthodox Jewish umbrella organization, filed lawsuits over a provision limiting attendance at indoor religious services to no more than 10 people.

Confusion and dismay reigned as the restrictions began to take effect.

In Brooklyn’s Borough Park section, the scene of two nights of protests against the clampdown by Orthodox Jews, some merchants subject to the shutdown order appeared to be operating as usual at midday, including a barber shop, cellphone stores and a toy store.

Mayor Bill de Blasio said 1,200 city workers would be out on the streets doing enforcement, though some of those efforts involved trying to educate businesses about rules imposed with little warning in hastily drawn zones with confusing borders.

All nonessential businesses in areas designated “red zones” in parts of Queens and Brooklyn by Gov. Andrew Cuomo were supposed to shut. Public and private schools were supposed to close, as well, within both the red zones and surrounding “orange zones” designated by the Democratic governor.

Exactly where those zones began and ended, though, wasn’t easily apparent from maps released by the governor’s office or the city. Parents at one Brooklyn school protested that their school had been shut by the city even though it lay outside the area the governor had designated for school closures.

The new restrictions involve parts of Brooklyn and Queens in New York City, sections of Orange and Rockland counties in the Hudson

Read the rest
Financial Inclusion Rate in Indonesia Reaches Record Highs, but Over 2,500 Illegal Fintech Businesses have been Shut Down

Financial Inclusion Rate in Indonesia Reaches Record Highs, but Over 2,500 Illegal Fintech Businesses have been Shut Down

The role of Fintech platforms and services in supporting public services in Indonesia has become more prominent and relevant due to the global COVID-19 outbreak.

Fintech service providers are now offering more digital payments options which allow Indonesians to pay for everyday expenses, instead of having to use cash or visit physical business locations to complete transactions. Fintech investment platforms have also been launched. Financial tech startups have also announced that they’d like to help the nation’s government with disbursing Coronavirus related relief aid packages.

However, the Fintech sector does face certain challenges. As reported recently, the number of bad loans within Indonesia’s peer to peer (P2P) lending market had increased to around 8% in July, which is significantly greater than 4.22% in March 2020 and 2.62% in March 2019, Meanwhile, the gross non-performing loans at local Indonesian banks stood at 3.22%, as of August 2020.

The country’s government must now introduce measures to address the problem of bad loans. Fintech companies must also be supported so that they can continue to provide key services, which follow proper guidelines. These services are critical to Indonesia’s economic recovery, following the COVID outbreak.

Bank Indonesia, the nation’s central bank which also oversees Fintech payments, and the Financial Services Authority (OJK), have announced their support for innovative financial technology companies and projects. As reported, Indonesian regulators and Fintech firms are now focused on balancing regulations with responsible innovation.

Despite these efforts, which include the establishment of a regulatory sandbox, there’s still a growing threat of illegal Fintech businesses, which can have a major negative impact on the industry. As reported by the Jakarta Post, the OJK had to intervene in order to suspend the operations of 2,591 Fintech companies (between 2018 to 2020). The OJK has also confirmed that it will not be

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