UK numbers up despite challenges

first_imgINSURANCE group Prudential posted pre-tax profit of £2.6bn for 2014, up 71 per cent on last year’s £1.5bn, despite significant changes in the UK market.New business sales were up by 12 per cent, from £4.2bn to £4.7bn, while in the UK sales grew by 18 per cent, from £725m to £857m.The company increased its full year dividend by 10 per cent, to 36.93p per share.Outgoing chief executive Tidjane Thiam said the strong performance in Prudential’s UK life business had emerged “despite an unprecedented level of regulatory change affecting annuities”, one of the group’s core products.“Looking ahead, the economic environment in the US and the UK appears to show signs of improvement,” he added. “We remain confident in our ability to produce profitable growth over the long-term and continue to create value for our customers and shareholders.”Shares in the insurer dipped by 3.1 per cent yesterday. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoGundry MD Bio Complete 3 SupplementTop Surgeon: This Simple Trick Empties Your Bowels Every Morning (Almost Immediately)Gundry MD Bio Complete 3 SupplementUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoComedyAbandoned Submarines Floating Around the WorldComedyUndo whatsapp whatsapp Tags: NULL Sharecenter_img Tuesday 10 March 2015 9:55 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof UK numbers up despite challenges Express KCS Show Comments ▼last_img read more

Deaths in Laois – Sunday, April 8, 2018

first_img Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Rugby RELATED ARTICLESMORE FROM AUTHOR Twitter Community Pinterest Ten Laois based players named on Leinster rugby U-18 girls squad Below are the recent deaths in Laois.Ar Dheis De go raibh a anam.Elizabeth (Nellie) BrophyBallyfin Road, Portlaoise, LaoisDied peacefully surrounded by her loving family at Kilminchy Lodge Nursing Home. R.I.P Predeceased by her husband Paul & her daughter Margaret. Sadly missed by her sons Peter & Paul, daughter Marian. Grandchildren Laura, Johnny, Niall, Anna, Joe, Peter & David. Great-grandchildren Emma, John, Ella, Julie,Adam & Cormac. Her nephew Jim, neighbours, relatives & friends. Reposing on Sunday evening in Moloney’s Funeral Home from 7 O’clock with Rosary at 9 O’clock. Removal on Monday morning at 11:15 A.M to St.Peter & Paul’s Church Portlaoise for 12 o’clock Requirm mass. Burial afterwards in St.Bridget’s cemetary Rosenallis.Madeline Cahill (née Whelan)Upper Main Street, Abbeyleix, LaoisPeacefully surrounded by her loving family at Michael and Ann’s home in Mornington. Loving wife of the late Jim and dear mother of the late Pat and Barry and loving grandmother of infant Safia White. Sadly missed by her loving children Ann, Cabrini, Madeline and son Seamus, sons-in-law Mike, Martin and Stephen, daughters-in-law, Catherine, Deidre and Maria, her cherished grandchildren and her large circle of family and friends. Reposing at her residence from 2pm today, Saturday, with Rosary at 9pm. Removal to the Church Of The Most Holy Rosary, Abbeyleix, for Requiem Mass at 11am on Sunday. Burial afterwards in the adjoining cemetery.Martin CampionCoolkerry, Rathdowney, Laois/Cuffesgrange, KilkennyCampion, Droimnín Nursing Home, Stradbally, Co. Laois and formerly Sue Ryder House, Kilminchy, Portlaoise, Cuffesgrange, Kilkenny and Coolkerry, Rathdowney, Co. Laois. April 6th 2018, peacefully at Portlaoise Regional Hospital. Martin, sadly mourned by his sister-in-law Bridget Campion (Coolkerry), nephews, nieces and his good friend Vera, relatives and friends. Funeral arrangements will be announced on Monday afternoon. No flowers by request, Donations can be made at Martin’s funeral to The National Council For The Blind, (Portlaoise).Robert (Bob) NichollsBallycarnan, Portlaoise, LaoisNicholls (Bob) Ballycarnan, Portlaoise. April 5th 2018. Peacefully surrounded by his loving family at Portlaoise Regional Hosp. Predeceased by his wife Betty and son George. Sadly missed and lovingly remembered by his daughter Joan, sons Harry, Billy, Eddie, and Ken, son-in-law, daughters-in-law, grandchildren, great-grandchildren, his carer Jos, relatives, neighbours and friends.Reposing at his son Eddie’s house at Ballycarnan from 4 pm on Friday with prayers at 8 pm. Funeral Service at 11 am on Saturday morning as St Peter’s Church, Market Sq., Portlaoise. Interment will follow in the adjoining graveyard.Kathleen O’Toole (née Byrne)Mount Prospect, Clontarf, Dublin/Ballacolla, LaoisO’Toole (nee Byrne) Kathleen (a proud Ballacolla, Co. Laois lady and late of Mount Prospect, Clontarf, Dublin 3), April 4, 2018, in the wonderful care of the staff of Carechoice Nursing Home. Beloved wife of the late Michael and a much-loved mother, grandmother and great-grandmother. Warmly remembered by her children Peter, Aileen, Mary, Edwina, Nora, Cathal and Siobhán, sons-in-law, daughters-in-law, 17 grandchildren, 5 great-grandchildren, sister-in-law Irene Nolan, nieces, nephews, neighbours and many friends.Reposing at Carechoice Nursing Home (Northern Cross, Malahide Road, Dublin 17) from 6.00pm to 8.00pm on Friday April 6th, (relatives only). Removal on Saturday April 7th, to St. Gabriel’s Church, Clontarf for Funeral Mass at 10.30am followed by burial at Fingal Cemetery, Balgriffin. Family flowers only.Jerry Lodge‘Curra Dubh’, Ridge Road, Portlaoise, LaoisJerry Lodge, ‘Curra Dubh’, Ridge Road, Portlaoise, died peacefully at The Beacon Hospital, Dublin. (Member of Laois County Council) Beloved husband of Patricia (O’ Keeffe) (Newmarket, Co. Cork). Deeply and deservedly regretted by his loving wife, sons Damien and Pauric. Sadly missed by his sister Mary Murphy (Dublin), brother Anthony, brothers-in-law, sisters-in-law, nieces, nephews, relatives, good neighbours and friends. Reposing in Keegans Funeral Home, Portlaoise, on Friday from 3pm until removal at 5.50pm to SS Peter & Paul’s Church, Portlaoise, for 6pm. Requiem Mass on Saturday at 1pm, with burial after in SS Peter & Paul’s Cemetery.Donations if desired to the Cardiac Unit, Regional Hospital, Portlaoise. Donation box will be in place in the funeral home and church.Anne Malone (née Rowney)Dublin Rd, Portlaoise, LaoisPeacefully in the loving care of the staff of St Brigid’s Hospital Shaen. Deeply regretted by her loving husband William, daughter Monica,sons Peter and Garrett, son-in-law Sean, daughters-in-law Siobhan and Anna, brothers-in-law Paddy and Ned, sister-in-law Agnes, grandchildren, nephews, nieces, relatives and friends.Reposing at her residence on Thursday from 3pm with Rosary at 9pm. Removal on Friday morning arriving SS Peter and Paul’s Church, Portlaoise for Requiem Mass at 10am. Funeral afterwards to the Old Cemetery, Emo Village.House Private On Friday Morning Please.Sadie Canavan (née Carroll)Cloonymeenaghan, Riverstown, Sligo /Errill, LaoisPeacefully at her home, surrounded by her loving family. Deeply regretted by her loving husband Sean, daughter Cait, sons Adrian, John & Ronan, son-in-law Patrick (Duffy), daughters-in-law, Cara, Claire and Roisin, grandchildren Sean, Roisin, Fionnan, Diarmuid, Conor, Enda, Adam, Sarah, Ella, Matthew and Eve, brothers Bobby & Martin (Laois), Jack (Dublin), sister Patricia (London), brothers-in-law J.J. & Pat Canavan (Carlow), sister-in-law Ann (Laois), nephews, nieces, cousins, relatives and friends.Reposing at Perry’s Funeral Home, Ballymote on Tuesday 3rd April from 6pm – 8pm. Removal from her home on Thursday to St Patrick’s Church, Ballyrush for Funeral Mass at 12 noon, with interment afterwards in adjoining cemetery. House private on Morning of Removal Please. Family flowers only. Donations, if desired, to the Irish Motor Neuron Disease Association.SEE ALSO – Deaths in Laois – Saturday, April 7, 2018 Pinterest By LaoisToday Reporter – 8th April 2018 WhatsAppcenter_img Facebook Previous articleTop Tweets and Facebook comments of the weekNext article‘Zach was always very determined’ – Marie and Noel Tuohy’s pride at son’s Aussie Rules’ success LaoisToday Reporter Council Laois County Council team up with top chef for online demonstration on tips for reducing food waste Deaths in Laois – Sunday, April 8, 2018 Home Deaths Deaths in Laois – Sunday, April 8, 2018 Deaths WhatsApp Twitter Facebooklast_img read more

Bank rating fears have calmed but tough conditions persist: Fitch

first_img Share this article and your comments with peers on social media Ontario unlikely to balance budget by 2030: FAO The initial worries over global banks’ credit quality amid the economic effects of Covid-19 have eased a bit, but the long-term outlook remains cloudy, Fitch Ratings says.In a new report, the rating agency said that the near-term risks for many of the banks that were placed on rating watch negative (RWN) due to the immediate fallout from the pandemic have since abated. Related news Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA iStock Fitch noted that the the balance of rating watches and outlooks on global banks turned sharply negative after the Covid crisis initially emerged — jumping to 60% negative in the first half, from just 13% negative at the start of the year.By the end of the first half, there were 10% of global banks on RWN, which marked its highest level in recent years.“Banks placed on RWN were typically those that entered the crisis with limited headroom at their rating level, or with above-average exposure to asset classes that we considered likely to be more volatile,” said Fitch.However, by the end of the third quarter, the share of banks on RWN was down to 5%, Fitch noted.The initial risks to banks’ ratings “were largely avoided,” Fitch said, as markets stabilized and governments provided extensive support to households and businesses, preventing a severe deterioration in asset quality.Yet, while the share of banks on RWN has dropped, most of those banks now have negative outlooks, the rating agency said.These negative outlooks “could remain in place well into 2021 as government support for economies and borrowers is gradually removed and as impaired loans rise over a potentially drawn-out period,” Fitch said. G7 tax pledge may be upstaged by CBDC work James Langton Keywords Banking industry,  Coronavirus,  Credit ratingsCompanies Fitch Ratings Facebook LinkedIn Twitter Sovereign defaults hit record level in 2020: Fitchlast_img read more

Amsterdam’s World Bulk Wine Exhibition will contribute to a higher level…

first_imgAdvertisementOtilia Romero de Condés, general director of the World Bulk Wine Exhibition that will hold its 5thEdition on the coming 25thand 26thof November in Amsterdam, pointed out in an interview that “the international Meeting for Large Volumes will increase commercial transactions in a crucial year for the sector”.Particularly conscious of the current situation in the sector, Romero de Condés understands the existing concerns among some Spanish wine-producers, because although everything indicates that the harvest will be quite big, at the same time she considers that “purchasers and sellers are the ones who have to work in order to fix a price that will satisfy everybody. The main objective of the World Bulk Wine Exhibition is to function as a meeting platform”.During her interview she also commented on the global harvest forecasts made public by Federico Castellucci, general director of the International Organization of Vine and Wine (OIV), which establishes the harvest at 281 millions of hectoliters, similar to 2006, and which represents an increase of more than 8% compared to 2012. However, the total amount barely tops the quantity of a normal harvest by 2.5%.If the forecasts are correct, Italy will produce 2% more than in 2012, with 45 million hectoliters; France 7% more with 44 million hectoliters and Spain more than 40 million hectoliters, exclusive of grape-juice and other derived products. According to Romero de Condés, the figures Castellucci suggests are a good starting point to sell well. Even more so if we take into account that the report notices that bulk wines will gradually regain their place back on the markets after last season’s poor harvest.The WBWE general manager thinks that exhibitors should bring their best products to Amsterdam and that they should foster the selling of the added value sections, such as the wines with varietal appellation or with geographic indication or those with bag-in-box packaging, “because that will open the doors to the majority of the wine sector”.Romero de Condés remarks that “while France, Italy and Spain have extensive experience in the bulk wine market where they commercialize great quality wines, we cannot forget the selling power of countries of the New World such as Chile or Argentina, both very competitive in terms of quality and price. Just like other countries that sell their productions at high prices such as Australia or New Zealand, or those who rely on the bag-in-box concept as generator of a higher added value, like South Africa and some Uruguayan producers”.World forecasts predict a significant increase in Romania that will reach six million hectoliters, 79% more compared to 2012. According to the OIV, Chile will break a new record with nearly 13 million hectoliters, Argentina that has vinified more than 15 million and the United States that will exceed 22 million hectoliters.According to Romero de Condés, these numbers demonstrate the need to be competitive and to display one’s best at events such as the WBWE. Furthermore, these numbers are confirmed by the 13.5 million hectoliters produced by Australia and the 2.5 million hectoliters produced by New Zealand.Just like Castellucci, Romero de Condés considers that there are new prospecting market niches, which have to be explored by wine sellers, “all the more so if we take into account that we have just gone through a year with a low production and that in some cases, potential customers have been left, without supplies”.WORLD BULK WINE EXHIBITIONThe World Bulk Wine Exhibition offers an exclusive place to show and discover the best bulk wines worldwide, just after the end of the grape harvest.During the past edition, the World Bulk Wine Exhibition brought together 130 producer companies from 11 different countries and, during only two days, they had the possibility of presenting their products to more than a thousand buyers and 4000 visitors who came from more than 40 different countries. In short: an acquisition capacity of nearly 20 million hectoliters.The 5thedition of theWorld Bulk Wine Exhibition will be held on the coming 25thand 26thof November at the Amsterdam RAI.MORE INFORMATIONCristina Villar [email protected]rtisement TAGSBulk WineWorld Bulk Wine Exhibition Facebook ReddIt Home Industry News Releases Amsterdam’s World Bulk Wine Exhibition will contribute to a higher level of…Industry News ReleasesAmsterdam’s World Bulk Wine Exhibition will contribute to a higher level of commercializationBy Press Release – November 8, 2013 17 0 Linkedin Twitter Pinterest Share Email Previous articleJerry Goldner Appointed Senior Vice President/General Manager Eastern Region & Canada for Saxco Int.Next articleAfternoon Brief, Nov. 8 Press Releaselast_img read more

MoH&FW wins Bronze Medal at India International Trade Fair 2017

first_img News The missing informal workers in India’s vaccine story Phoenix Business Consulting invests in telehealth platform Healpha MoH&FW pavilion highlighted programmes and initiatives of the Health MinistryMinistry of Health and Family Welfare (MoH&FW) has been awarded the Bronze Medal for its creative and informative display at the 37th India International Trade Fair 2017 in Pragati Maidan. The award was presented by CR Chaudhary, Minister of State (Commerce and Industry) at a function organised to award the winners. Vandana Gurnani, Joint Secretary (RCH, IEC), MoH&FW received the award on behalf of the Ministry. LC Goyal, CMD, ITPO and senior officers of the Ministry were also present at the function.MoH&FW pavilion highlighted programmes and initiatives of the Health Ministry such as Mission Indradhanush for expanding full immunisation coverage, introduction of new vaccines, Pradhan Mantri Matritva Suraksha Yojana (PMSMA), Mother’s Absolute Affection (MAA) for encouraging breastfeeding, Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) for strengthening the tertiary health sector. Jansankhya Sthirta Kosh (JSK) also participated in the exhibition through a unique selfie corner which encouraged couples to adopt small family norms. It created awareness about various schemes for population stabilisation through nukkad natak and street plays at Pragati Maidan.The Ministry of AYUSH also participated to inform and educate people about the traditional systems of medicine. Live yoga demonstration by students of the Morarji Desai National Institute of Yoga and Naturapathy was conducted to popularise yoga among the visitors. Free health check-up was provided at the pavilion by CGHS doctors.Three Swasthya Chetna camps were also organized by MoH&FW for providing free of cost health check-up, counselling and referral. AYUSH doctors provided counselling along with doctors from the Central Government hospitals at these camps. More than 62,000 people visited the health camps. MoH&FW wins Bronze Medal at India International Trade Fair 2017 Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Related Posts WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionalscenter_img Share Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Read Article Menopause to become the next game-changer in global femtech solutions industry by 2025 By salil sule on November 27, 2017 last_img read more

India’s new COVID-19 recoveries exceed new cases for 5th day in a row

first_img Read Article India’s new COVID-19 recoveries exceed new cases for 5th day in a row Related Posts Phoenix Business Consulting invests in telehealth platform Healpha Comments (0) Add Comment Menopause to become the next game-changer in global femtech solutions industry by 2025 WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app COVID-19 Updates News The missing informal workers in India’s vaccine story Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” COVID-19recovery rateTPM MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” 10 states/UTs with 76 per cent new cases asked to implement targeted public communication campaign at the grass root level to encourage ‘Covid appropriate behaviour’As of September 23, new recoveries in India have exceeded the new cases for the fifth consecutive day, according to data from the Ministry of Health and Family Welfare. The country recorded 89,746 recoveries in the last 24 hours in the country, whereas the number of new confirmed cases stands at 83,347.While union health ministry data show that the country’s recovery rate continues to rise and crossed 81 per cent, India’s testing capacity has reportedly surged to more than 12 lakh daily tests. More than 6.6 crore total tests have been conducted across the country.A release from the union health ministry reasons that high level of testing leads to early identification of positive cases, and goes on to state that evidence has revealed that eventually positivity rate will fall.As India ramps up COVID-19 testing, union health ministry data shows that 14 States/UTs have demonstrated better COVID response with higher Tests Per Million (TPM) and commensurate lower positivity rate than the national average.The national cumulative positivity rate is 8.52 per cent and the TPM stands at 48028 as of September 23.The release noted that a total of 83,347 new cases have been reported in the last 24 hours in the country. 1,085 deaths have been registered in the past 24 hours, with 10 states/UTs accounting for 83 per cent of COVID-19 deaths in the last 24 hours. Maharashtra reported 392 deaths followed by Karnataka and Uttar Pradesh with 83 and 77 deaths, respectively.Total number of recoveries are 45,87,613, with a recovery rate of 81.25 per cent. While India has the second highest number of COVID-19 cases globally, the country has the highest recovered cases in the world, contributing 19.5 per cent to global recoveries. 17 states/UTs have more new recoveries than new cases.The Centre has asked 10 key states contributing 76 per cent of all reported COVID-19 cases to implement targeted public communication campaign at the grass root level to encourage ‘Covid appropriate behaviour’ among the people in the worst affected districts.These 10 states are Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh, Tamilnadu, Chhattisgarh, Odisha, Kerala, Telangana and Delhi which have maximum number of active cases.Within Maharashtra, Mumbai, Thane, Pune, Nashik, Nagpur, Sangli and Kolhapur have been identified as key districts for intensive CoVID-19 communication, as per the note.Maharashtra has alone contributed more than 18,000 cases followed by Andhra Pradesh and Karnataka with more than more than 7,000 and 6,000 cases respectively.On the recoveries side, 75 per cent of the new recovered cases are being reported from the same ten states/UTs with high COVID-19 new cases, almost in the same order: Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Tamil Nadu, Odisha, Delhi, Kerala, West Bengal and Haryana.Maharashtra also continues lead with more than 20,000 new cases of recovered patients. Andhra Pradesh contributed more than 10,000 to the single day recoveries. Share By EH News Bureau on September 23, 2020 last_img read more

Quality Service Makes the Difference – Bartlett

first_imgRelatedQuality Service Makes the Difference – Bartlett RelatedQuality Service Makes the Difference – Bartlett Quality Service Makes the Difference – Bartlett TourismAugust 2, 2010 FacebookTwitterWhatsAppEmail Tourism Minister, Hon. Edmund Bartlett, says that at 52 per cent, Jamaica enjoys the highest level of repeat visitors in the region, and arguably the world, which he credits to the high level of customer service provided through a range of product offerings.Speaking at the recent Private Sector Organization of Jamaica (PSOJ) Chairman’s Club breakfast forum at the Jamaica Pegasus hotel in New Kingston, Mr. Bartlett contended that because a number of destinations have similar product offerings, service excellence makes the critical difference in the visitor’s choice of one destination over the other.“A survey done by the American Express organisation found that 60 per cent of the value of the experience in a destination is the service. It also said that 75 per cent of those interviewed indicated that service, even above price, determines whether they go to a destination or not,” the Minister shared.He said that having visited most of the island’s hotels and spent time taking with guests, “I have found in almost every case, that one in every two (guests) has been to Jamaica already, and several have been here many, many times.”While crediting the staff, who interface directly with the guests, the Tourism Minister also had high praise for the heads of organisations, for providing motivation and leadership.“It is only leadership that can ensure that, despite the fact that there is economic recession, the worker is still inspired to perform beyond the pecuniary considerations of the moment,” he posited.To ensure that the high service quality for which Jamaica is renown, is maintained, Mr. Bartlett said that the Ministry has sought to incentivize the sector, through the establishment of the Tourism Service Excellence Programme in 2009, adding that “we have used it to great effect.’“The first individual winner was a housekeeper, and she actually beat the manager of one of the most prestigious hotels in Jamaica in getting that award,” he shared.He said further that the management of Island Car Rentals, which received the national champion award that first year, has indicated that a transformation has occurred within his organisation since receiving the award.center_img RelatedQuality Service Makes the Difference – Bartlett Advertisementslast_img read more

Gov’t Halts Export Of Scrap Metals

first_imgRelatedGov’t Halts Export Of Scrap Metals By Chris Patterson, JIS Reporter Advertisements RelatedGov’t Halts Export Of Scrap Metals Gov’t Halts Export Of Scrap Metals TechnologyNovember 2, 2011 FacebookTwitterWhatsAppEmail KINGSTON — The Ministry of Industry, Investment and Commerce, has halted all exports of scrap metal from Jamaica, until the issue of breaches of an earlier suspension are cleared up. Minister of Industry, Investment and Commerce, Hon. Dr. Christopher Tufton, said that the decisionfollows the breach of a Cabinet Order stipulating that companies eligible to export scrap metal must receive a permit from the Trade Board. “I had asked yesterday for a suspension of any export until the matter is properly cleared up, and we do not expect it to take long to clear up this matter up,” he said. Dr. Tufton, who was speaking at a press conference at his Ministry on Tuesday (November 1), said queries with the Jamaica Customs Department have revealed that eight entities have been exporting scrap metal, although only one permit was granted by the Trade Board. The press conference was in response to allegations of back door deals, relating to the export of scrap metal. He said that, to date, the Trade Board has received only one licence request, and has granted the permit, to Crown Packaging. However, when the Ministry checked with the Customs Department, to determine whether or not other scrap metal dealers or entities that generate scrap were involved, it was sent a list indicating that eight companies were, in fact, exporting scrap metal. “For that to have taken place and the Trade Board to be unaware of that, and not be involved in the granting of those permits, is a clear breach of the Cabinet Order and, therefore, it is something that we have to recognize and it is something that we have to correct,” he said. Dr. Tufton noted that discussions have been ongoing with Minister of Finance and Planning, Hon. Audley Shaw, and the Director of Customs, Danville Walker, about taking steps to correct the matter, noting that the Jamaica Customs Department has accepted responsibility for the breach. He said that a detailed probe is being undertaken, to ensure that the scrap metals that were exported were from legitimate generators. The other area of concern is to determine whether or not the exporting of the scrap generated by entities in their legitimate course of business, was done as is stipulated in the Cabinet Order, or by middle men or traditional scrap metal dealers, he said.  “We are being told today, that even though the companies that were getting rid of the scrap are legitimate generators of scrap, the actual export process took place in the name of traditional scrap metal dealers; that is another breach of the Cabinet Order and again is something that we have to correct,” Dr. Tufton pointed out. Cabinet decided to effect a ban on the exportation of scrap metal on July 29, against the background of the widespread pillaging of scrap metals over the past three years, as well as failure by industry stakeholders, despite warnings, to implement measures to help to curb the theft. A subsequent Cabinet Order, however, outlined that entities generating scrap metal during their legitimate course of business, be permitted to export the material. But, this export must be done in the entities own name, and only after a permit has been granted by the Trade Board. RelatedGov’t Halts Export Of Scrap Metalslast_img read more

Minister Hylton Says Ganja Industry Framework Must Be Right

first_imgMinister Hylton Says Ganja Industry Framework Must Be Right CommerceNovember 16, 2015Written by: Marlon Tingling Industry, Investment and Commerce Minister, Hon. Anthony Hylton, says the country must get the framework for a regulated and legalized cannabis industry right the first time.He emphasized that Jamaica is left with no choice but to ensure that every aspect of legally participating in the regulated sector, is done correctly.“The Cannabis Licensing Authority (CLA) has deliberately remained sequestered as they deliberate with key stakeholders on the tenets of the regulations that will guide the industry. They understand, as I do, the importance of developing a sustainable industry that takes into consideration the best practices, while ensuring that it will thrive within the context of Jamaican socio-economic realities,” the Minister said.Mr. Hylton was speaking at the Swept Away Resort in Negril on November 14, at a Beckley Foundation two-day conference on Jamaica’s Cannabis Reforms.The Minister said a legalized and regulated cannabis industry in Jamaica will only be successful if best practice methods and approaches are applied.“There are four hallmarks that we must achieve, in order that the policies that we implement are sustainable and grounded in global best practice. These are: a standards led quality infrastructure; the balance between adopting and adapting to best practices; ensuring optimal economic impact; and intellectual property rights protection,” he informed.Mr.  Hylton told the conference that the Bureau of Standards Jamaica  has been charged with the task of developing a standard-led and market driven quality infrastructure, to ensure that industry standards are developed, disseminated and enforced.“These are not mere standards based on what we think we can manage to implement. These are standards that are being demanded by the marketplace and by which all stakeholders will be held accountable, not just by the Bureau, but by the international consumers and enforcement agencies, both locally and overseas,” he emphasized.“The standards must be developed, which involves understanding global expectations and requirements; the standards must be understood by the stakeholders that will be governed by them; and these standards, once established, must be enforced,” the Minister said.Mr. Hylton pointed out that the Bureau will be charged with ensuring that these standards are clearly understood by all the key players across the island. Advertisements RelatedUS Congresswoman to Visit Jamaica From Nov 13-15 RelatedSkills Training And Medical Centres Open In Montego Bay Free Zonecenter_img RelatedFinancial Institutions Urged to Lend to Bamboo MSMEs FacebookTwitterWhatsAppEmail Story HighlightsIndustry, Investment and Commerce Minister, Hon. Anthony Hylton, says the country must get the framework for a regulated and legalized cannabis industry right the first time.He emphasized that Jamaica is left with no choice but to ensure that every aspect of legally participating in the regulated sector, is done correctly.Mr. Hylton was speaking at the Swept Away Resort in Negril on November 14, at a Beckley Foundation two-day conference on Jamaica’s Cannabis Reforms.last_img read more

Vodacom eyes future with cautious optimism

first_img Torching of MTN, Vodacom towers linked to 5G claims Home Vodacom eyes future with cautious optimism MTN, Vodafone still standing in Ethiopia contest Richard Handford Previous ArticleTelecom Italia looks for savings as woes continueNext ArticleO2 UK chief mulling £8.5B buy-out AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 MAY 2016 Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more M-PESAVodacom Safaricom negocia el uso de m-Pesa como medio de pago en Amazon South Africa-based Vodacom Group said continuing data demand and squeezing more out of growth markets are both key to future revenue growth, but the strategy is not without its challenges.The company’s projection came as it reported results for the 12 months to end-March 2016, starring a 7.5 per cent increase in revenue to ZAR80.1 billion ($5.2 billion).However, the 2015 revenue figure was restated lower as the company changed how it treats handset finance costs. Net profit grew by 3.2 per cent to ZAR12.9 billion.Revenue growth was bolstered by data revenue (up 32 per cent) and Vodacom anticipates this will persist in the coming year, as smart devices become more accessible, content more relevant and 3G/4G networks expand.Supporting future growth will require access to sufficient amount of spectrum, the company said. Vodacom was forced to drop a bid for Neotel, which would have yielded more airwaves, under regulatory pressure. The group said it will explore other options.The group also has faith in growth activities, such as driving greater contribution from its international markets. In addition to South Africa, its footprint includes Democratic Republic of Congo, Lesotho, Mozambique and Tanzania. Collectively international operations only account for just over one quarter of total revenue at present.Other options for growth include getting more into the enterprise space, as well as expanding M-Pesa, insurance and the Internet of Things (IoT).M-PesaThe prospects for M-Pesa suffered a blow a week ago when Vodacom was forced to discontinue the money service in South Africa because of disappointing take-up.The company also cautioned on the hopes for general growth, citing macroeconomic factors at home threatening to dampen growth. In its international markets, regulation around customer registration will continue to hinder growth. It also warned on adverse currency movements.Despite its warnings, the company believes demand is sufficiently resilient to overcome these barriers. It upgraded its three-year target for service revenue growth from low-single digit to low to mid-single digit. Ebitda will grow from mid single digit to mid to high single digit over the same period. Author Tags Relatedlast_img read more