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Davie shipyard launches new plea for Ottawa to award it second ship

first_imgMONTREAL – More than 1,300 jobs are at risk due to Ottawa’s refusal to give the Davie shipyard near Quebec City a contract for a second supply ship, a coalition trying to save the facility said Thursday.Members of the group travelled to Montreal to try to pressure Quebec-based MPs to recognize the plight of the province’s shipyard workers.Some 800 workers are expected to lose their jobs by the end of the year, while another 350 people who work at the shipyard’s suppliers in the Quebec City area are also believed to be at risk of being unemployed.On Thursday, the coalition presented the findings of a survey it conducted among 205 of the 219 Montreal-area suppliers to the Davie shipyard.More than half of them said the federal government’s decision would negatively affect their businesses and threaten 160 jobs.Davie recently completed the Asterix, a former container ship converted into a supply ship.The shipyard’s workers were expecting an order for a second ship but were told by the Canadian Forces it would not be needed.The president of a subsidiary of the Davie shipyard owner that acts as an intermediary for federal contracts said both the Senate and the House of Commons have recognized the urgency to equip the Navy with a ship similar to the one Davie recently completed.“We are not trying to pull work from other shipyards in Canada,” Spencer Fraser, head of Federal Fleet Services, told reporters. “There is enough work for all three yards.”The other facilities are in Vancouver and Halifax.Ottawa plans on acquiring its second supply ship in 2021 from Vancouver, which has a $4.1-billion contract for two vessels.Fraser said that timeline is not realistic.Vancouver’s Seaspan shipyard can build only one ship at a time, Fraser said, and the yard first has to deliver four ships for the Canadian Coast Guard, an order that will be completed in 2023.Fraser said Vancouver’s supply ship can only be completed by 2026.He called on Prime Minister Justin Trudeau’s government to release a more realistic timeline.Davie spokesman Frederick Boisvert has said laid-off workers could be quickly recalled once the Trudeau government decides to send a “clear signal” or letter of intent for the second ship.Federal Transport Minister Marc Garneau said in early December he recognized the expertise of Davie workers but the federal government simply didn’t need another supply ship.“We cannot artificially create a need for something that doesn’t exist,” he told reporters in Montreal.He said the federal government was analyzing the future shipbuilding needs of the Navy, coast guard and ferry services, which may provide opportunities for Davie in the future.last_img read more

Canada launches public consultations on tariff rate quotas for supply-managed goods

OTTAWA — Global Affairs Canada has launched public consultations on how it allocates and administers tariff rate quotas for a number of supply-managed poultry and dairy products.The government is looking to hear from both individuals and organizations via an online questionnaire found on its website.A tariff rate quota (TRQ) is an import mechanism that allows a certain amount of a specific product to be imported at a low or zero duty rate, while anything above that is generally charged a much higher rate.The survey allows Canadians to choose from two dozen products to comment on, including chicken, eggs, cheese and butter.It asks questions about what the preferred method of allocation would be for TRQs, whether new entrants should face different eligibility criteria, and whether there should be a cap on how much of the quota one allocation holder can receive.Survey takers can weigh in on whether a portion of the allocation should be reserved for specific demographics or other categories, like women-owned businesses; whether transfers should be allowed; and what, if any, restrictions should be considered for auctions.The Canadian Press read more

HRW calls for transparent probe

“It’s undisputed that security forces killed three protesters, but the Sri Lankan government’s kneejerk reaction is to deny possible wrongdoing,” said Meenakshi Ganguly, South Asia director at Human Rights Watch. “Instead of promoting the military’s version of events, the government should order an independent investigation and prosecute anyone who violated the law.” It is not clear why soldiers were deployed so soon without giving the police and local authorities a chance to handle what had been a peaceful protest, Human Rights Watch said. Video footage shows soldiers with military assault weapons approaching the protesters. The protesters begin running from the scene, some throwing sticks and other objects, before the soldiers appear to fire first in the air and then at the protesters.Some protesters sought safety in a local church, whose exterior walls were at some point struck by bullets. Church officials and eyewitnesses told journalists that armed soldiers entered the church and physically and verbally abused people hiding inside. Church staff were warned against supporting the protesters, with one nun being held at gunpoint, and journalists had their cameras broken. After the incident, journalists reported being threatened by military personnel against reporting. Human Rights Watch called on the government to ensure that security forces responding to protests abide by the United Nations Basic Principles on the Use of Force and Firearms by Law Enforcement Officials. The principles provide that security forces, including military personnel, shall “apply non-violent means before resorting to the use of force and firearms,” and that “whenever the lawful use of force and firearms is unavoidable,” law enforcement officials use force in proportion to the seriousness of the offense and the legitimate objective to be achieved, and minimize damage and injury. The intentional lethal use of firearms is only permitted when “strictly unavoidable in order to protect life.”“The authorities’ decision to send soldiers armed with assault rifles to secure a demonstration is deeply worrisome,” Ganguly said. “The government needs to rethink its whole approach to ensure that people can peacefully and safely protest.” The Sri Lankan government should stop issuing misleading information and promptly create an independent and transparent inquiry into the deaths of protesters at Weliweriya on August 1, 2013, Human Rights Watch said today.At least three people were killed and several injured after security forces fired live ammunition at protesters who were demanding access to clean drinking water. According to news reports, soldiers fired on local residents and Buddhist monks who were demonstrating for clean water on the Colombo-Kandy Road in Weliweriya, Gampaha district, about 25 kilometers from Colombo. The government of President Mahinda Rajapaksa claims that the soldiers reacted in self-defense against protesters who hurled rocks and petrol bombs and shot at them. The unclear circumstances leading to the deaths and injuries, as well as government statements exonerating the solders involved, highlight the need for an independent inquiry, Human Rights Watch said. read more

UN seminar on Palestinians ends with call for urgent international aid

Now, more than ever, the Palestinian people were in urgent need for the assistance of the international community, the Chairman of the UN Committee on the Exercise of the Inalienable Rights of the Palestinian People which organized the Seminar, Papa Louis Fall of Senegal, told the closing session in Geneva yesterday.Although Israel and the Palestinians were showing signs of agreement on strengthening the political process and returning to the negotiating table, this should not blind anyone to the gravity of the socio-economic situation and the seriousness of the humanitarian crisis in the occupied Palestinian territory, Mr. Fall said. The economy and infrastructure had been hard hit by almost three years of violence and destruction that had resulted in record unemployment, poverty, malnutrition and dismal living conditions, which was an environment which could not be conducive to the pursuit of peace. In this regard, the assistance and support of the international community in meeting the challenging humanitarian and economic needs of the Palestinian people was urgently needed, Mr. Fall added. The Permanent Observer of Palestine to the United Nations, Nasser Al-Kidwa, told the closing session that the living conditions of the Palestinian people had deteriorated almost to the point of threatening the very fabric of Palestinian society. All this, he said, was due to basically two measures committed by the occupying power: first, the internal and external restrictions and the outright prevention of the freedom of movement of the people of Palestine; and second, the effective and extremely vast destruction not only of homes but also of agricultural land and Palestinian economic and industrial facilities. read more

Bay Area transit workers go on strike after weekend talks fail traffic

Bay Area transit workers go on strike after weekend talks fail, traffic snarls expected AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Terry Collins, The Associated Press Posted Jul 1, 2013 3:20 am MDT OAKLAND, Calif. – Two of San Francisco Bay Area Rapid Transit’s largest unions went on strike after weekend talks with management failed to produce a new contract, ensuring a nightmarish journey ahead for Monday commuters.The strike was called as Service Employees International Union Local 1021 and Amalgamated Transit Union Local 1555 workers’ contracts expired at midnight Sunday. Both the unions and management earlier in the day said they were far apart on key sticking points including salary, pensions, health care and safety.“I’m deeply disappointed it has come to this,” SEIU negotiator Josie Mooney told reporters at a midnight news conference.“Our members aren’t interested in disrupting the Bay Area, but management has put us in a position where we have no choice,” ATU Local President Antonette Bryant said.Negotiations fell apart Saturday and the unions walked away from the table. California Gov. Jerry Brown’s office had urged both sides to resume discussions Sunday with rush hour on the horizon. But talks between the two sides came to an end shortly before 8:30 p.m., when union negotiators left the state office building in Oakland that had been opened for the day as a neutral meeting ground.BART accused union negotiators of walking away from the bargaining table while union negotiators countered that they had recessed to the union hall, and told management they had until midnight to offer a new proposal for them to consider.The walkout is set to derail the more than 400,000 riders who use the nation’s fifth-largest rail system and affect every mode of transportation. Transportation officials say another 60,000 vehicles could be on the road, clogging highways and bridges throughout the Bay Area.The unions, which represent nearly 2,400 train operators, station agents, mechanics, maintenance workers and professional staff, were asking for a 5 per cent annual raise over the next three years. BART said Saturday that train operators and station agents in the unions average about $71,000 in base salary and $11,000 in overtime annually. The workers also pay a flat $92 monthly fee for health insurance.BART spokesman Rick Rice said BART had up its original offer of a 4 per cent pay rise over the next four years to 8 per cent. The proposed salary increase is on top of a 1 per cent raise employees were scheduled to receive Monday, Rice added. .The transit agency also said it offered to reduce the contribution employees would have to make to their pensions, and lower the costs of health care premiums they would have to pay.Bryant said Sunday that BART’s latest proposal is not an actual pay increase, calling it “surface bargaining.”BART’s last strike lasted six days in 1997. The transit agency handles more than 40 per cent of commuters coming from the East Bay to San Francisco with the Bay Bridge handling another 50 per cent said John Goodwin, a spokesman for the Metropolitan Transportation Commission.Other transit agencies in the region urged commuters to consider carpooling, taking buses or ferries, working from home and, if they must drive to work, to leave earlier or even later than usual.San Francisco Mayor Ed Lee said the city will offer increased transportation options, including at the airport, and increase staff for traffic management. BART said it will let commuters use parking lots at their 33 stations free of charge for the purpose of carpooling. read more

UN expert urges governments to buy local food in public projects

“When sourcing food for schools, hospitals and public administrations, Governments have a rare opportunity to support more nutritious diets and more sustainable food systems in one fell swoop,” Olivier De Schutter said in his final publication to the UN Human Rights Council as the UN Special Rapporteur on the right to food.“Governments have few sources of leverage over increasingly globalized food systems – but public procurement is one of them,” he concluded, adding that Organisation for Economic Co-operation and Development (OECD) countries spend an average of 12 per cent of their Gross Domestic Products (GDP) on public procurement.In his report, Mr. De Schutter identified five principles for how Governments should use their public procurement.He recommends buying locally, and ideally, from small-scale food producers, guaranteeing living wages and fair prices. In addition, he highlights setting specific requirements for adequate food diets, and increasing participation and accountability in the food system.“It may cost Governments slightly more to source from a range of smaller-scale, sustainable operators than from major suppliers, but the investment is worth it,” the Special Rapporteur said.For example, data on United Kingdom school feeding programmes suggests a return of 3-to-1 for additional spending on sustainable and local procurement. Another study estimates that the total benefits of supplying 50 million African school-children with locally produced food could reach around $1.6 billion per year.Independent experts or special rapporteurs are appointed by the Geneva-based UN Human Rights Council to examine and report back, in an unpaid capacity, on specific human rights themes. read more

Ohio State mens basketball tops James Madison for 5th straight win

Freshman guard D’Angelo Russell (0) passes the ball during a game against James Madison on Nov. 28 at the Schottenstein Center. OSU won, 73-56.Credit: Sam Hollingshead / For The LanternThe Ohio State men’s basketball team missed back-to-back 3-pointers to start the game, but the Buckeyes never relinquished their lead after Marc Loving connected from deep on their third possession.Loving — a sophomore forward — made another long ball less than three minutes later before the Buckeyes (5-0) opened up an 11-point lead just over five minutes into their 73-56 win against James Madison (4-2) on Friday at the Schottenstein Center. OSU led by double digits for the final 34:57 of the contest.But despite the perpetual lead, the Buckeyes allowed the Dukes to move within 10 at the half and struggled to shoot the ball throughout the game after starting off 6-for-10 from 3-point range.Senior forward Sam Thompson said the Buckeyes have to be able to win, even when not shooting well, and proved they have that ability against the Dukes.“Sometimes you’ve gotta win like that,” Thompson said after the game. “You’re not gonna score 100 points every game, shoot 65 percent. We obviously don’t want to play like that, but … gotta find ways to win.”OSU shot just 41.3 percent from the field and missed its last eight 3-pointers while turning the ball over 15 times in the game.Coach Thad Matta said OSU lost energy at times in the game, and added that’s bound to happen from time to time.“I think every now and then you have a game like this, and just a little bit lackadaisical,” Matta said after the game. “And that was the biggest thing we talked about after the game, was just trusting the system and knowing that it works. And everybody has to do what they’re supposed to do.”After allowing the Dukes to inch closer at the end of the first half, the Buckeyes opened up an 18-point lead with 15:44 to play after freshman guard D’Angelo Russell found Thompson for an alley-oop.The dunk moved Thompson past the 700-point mark in his OSU career. His 13 points in the game give him 703 for his time in Columbus.Even though they were shooting just over 41 percent from the field with 9:17 to play, the Buckeyes held a 21-point lead. James Madison worked back to a 16-point deficit with four minutes to play.Despite pulling out to a 17-point lead in the first half, the Buckeyes were only up 37-27 at the break after James Madison closed out the opening 20 minutes on a 15-8 run.OSU finished the half shooting just 46.7 percent from the field. Loving didn’t score in the first half after his early 3-pointers, while Russell led all players with 10 points before the break.James Madison out-rebounded OSU, 19-18, in the first half and forced eight Buckeye turnovers.Thompson said the Buckeyes brought down their energy level after starting fast in the first half.“We got off to a hot start and then for whatever reason we really slowed ourselves down in that last probably 10-12 minutes of the first half,” he said. “And obviously take nothing away from (James Madison), but we thought we stopped attacking, stopped being aggressive on the offensive end.”On a day when his team had an up-and-down performance despite picking up a 17-point win, Matta said one player in particular — freshman forward Jae’Sean Tate — brought a spark to the Buckeyes off the bench.“I’d give Jae’Sean Tate the game ball today, just with his energy and just the passion he played with, I thought he was tremendous,” Matta said. “That has to become contagious, we’ve gotta get other guys doing that.”Tate said he’s embraced the role of spark-plug for the Buckeyes five games into his collegiate career.“(I’m a) high-motor guy,” Tate said after the game. “I bring the juice, is what coach would say, and I just try to get us a little kick start when we need it.”Russell scored just four points in the second half but led the Buckeyes with 14 points in the game. Thompson’s 13 made him the only other OSU player to score in double figures. Senior guard Shannon Scott tallied a game-high six assists while senior center Amir Williams led all players with nine rebounds.James Madison junior guard Andre Nation scored a game-high 15 points while sophomore forward Yohanny Dalembert chipped in with 14 points and eight rebounds.OSU is scheduled to play its first road game of the season against Louisville in Louisville, Ky., on Tuesday. Tip is set for 9:35 p.m. read more

Tsipras family accused of corruption

first_imgA company belonging to the Tsipras family was granted a project worth €1.1 million in 2012, raising concerns of corruption after the case never reached court.On Monday, press spokeswoman for conservative New Democracy, Maria Spyraki, announced that the project was granted to technical company Diodos, owned by the prime minister’s brother Dimitri, on the basis of a fake social security clearance certificate.Spyraki noted that Dimitris Tsipras was indicted to trial over the affair in 2015, claiming that the following year legislation was changed “overnight” to ensure that the case was not examined in court. Facebook Twitter: @NeosKosmos Instagramlast_img

Clark County sizzles on fifth day of 90degree temperatures

first_imgFor the fifth day in a row, Southwest Washington endured temperatures hotter than 90 degrees on Monday. While some sweated through their jobs or fled to air conditioning, others went with the flow. Above, Bill Sherwin of Portland and his daughter, Nevella, 4, took advantage of the swimming at Vancouver Lake.last_img

AT THE FARABA BANTA COMMISSION

first_imgBY KEBBA MAMBURAY The Administration Manager of ‘Julakay’ Company, Babucarr Jallow, yesterday July 17th 2018, testified before the Faraba Banta Commission set up by the president, to probe into the unfortunate incident of that fateful day of June 18th 2018, when live bullets was sprayed on unarmed demonstrators, leaving three people dead and scores seriously injured. According to Jallow who spoke in English, ‘Julakay’ Company signed two MOUs including the provision of D100,000.00, for the Village Development Committee, VDC; that he attended a meeting summoned on the 23rd May 2018,, at the Gambia Police Force conference room in Banjul, by the former IGP Landing Kinteh, in response to a petition they wrote; that those in attendance were the former IGP himself, Deputy IGP Abdoulie Sanyang, Serious Crimes Unit representative and other stakeholders in the persons of PS Local Government and Lands, Director of Geology Department, the Alkalo of Faraba Banta, Council of elders of Faraba Banta and members of the VDC; that the meeting was chaired by the former IGP, Landing Kinteh. Jallow testifies that the reason for the meeting, was to bring an amicable solution to the whole issue; that the position of the IGP at the meeting, was to ensure the problem is solved because ‘Julakay’ Company acquired the relevant documents to embark on the project.According to Jallow, the Alkalo position at the meeting, was to give background information regarding on how ‘Julakay’ Company came to operate his sand mining business in Faraba; that the end of the meeting was conclusive because the PS Local Government and Lands, told the gathering that if the VDC has other issues, they should come to him and lodge their complaints and allow ‘Julakay’ to carry on with his mining; that the VDC left unsatisfied and unhappy at the end of the meeting.Jallow testified that he never attended any meeting in Faraba; but that on Saturday May 26th 2018, he led a team to Faraba to visit the construction of the access road; that upon their arrival, they saw some PIU officers who told them they were there, to ensure the security of the staff of ‘Julakay’ Company.He further testified that within forty five minutes, he heard a hubbub from a distance and called the attention of his staff and advised them to stay calm and continue doing their work; that he later saw the PIUs running from the crowd towards a mango plantation as the crowd started stoning at them; that he immediately addressed his staff to stop work and keep calm; that he saw the crowd stoning one of the graders but the driver managed to escape but sustained injury in the process; that during the process, one of their TATA pick truck, was destroyed.Jallow told Commissioners that as the stoning continued, they ran for safety under a mango tree where they sat until the tension eased; that PIU reinforcement later arrived but that they left when the crowd started to disperse; that before their departure, one Bojang a PIU Commission Officer, told them him that they will redeploy some Officers to guard the place; that few days after the incident, he was called to the Brimaka Police station but was not charged.In another development, the Executive Director of National Environment Agency NEA Momodou Jama Suwareh, also testified before the Commission. Suwareh said he knows ‘Julakay’ Company prior to the start of their operations in Faraba Banta; that on 30th May 2017, they received a letter from ‘Julakay’ Company, applying for environmental approval to operate a sand quarry at Faraba Banta; that on the basis of the letter, a visit was made to the site on June 28th 2017, by a representative from the NEA, Geology department and ‘Julakay’ Company itself, before approval was granted to them.Sittings continue today.last_img read more

Porsha Smith Higgs failed to declare Correct Figures

first_img Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, April 26th 2017-Providenciales: Porsha Smith’s allegation against Tourism Minister, Ralph Higgs failing to declare the exact value, or his interest in the Silver Palms Hotel, during his budget presentation is enough reason for him to resign immediately. In filing a complaint before the Integrity Commission on Wednesday afternoon, Smith read the statement where she says the Silver Palms Hotel and Promenade project, located in Bottle Creek, North Caicos, was initially listed for US$550,000.00, but only when quizzed, the minister had to confirm the actual figure at US$850,000.00. Smith is of the belief that Higgs is able to enhance the value of his investment from his current portfolio, as the addition of the government funded Promenade project will “hug his personal project, thus increasing the value of his investment”.However, in response to the allegation, Tourism Minister Ralph Higgs explained to Magnetic Media that a formal statement is coming. Minister Higgs also said” that it is unfortunate that individuals would chose to play politics with the economic lives of the people in North Caicos”.#MagneticMediaNews#RalphShouldResign#SilverPalmsHotelAndPromenadelast_img read more

19th Annual Walls of Excellence Induction Ceremony

first_img19th Annual Walls of Excellence Induction Ceremony KUSI Newsroom KUSI Newsroom, 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Each year for over a decade, the Council Office will receive nominations for high school seniors from who are eligible for induction into the distinguished 2019 Walls of Excellence.The purpose of the Walls of Excellence is to confer distinction for high achieving students in the Fourth Council District. To be eligible, the high school senior must meet a high academic standard and demonstrate community service involvement.The Council Office receives three nominations from the four High Schools in the district. Each year, they induct 12 students. Their names are engraved and memorialized on glass plagues and installed at the Walls of Excellence on Willie James Jones Avenue at Imperial Avenue.Councilmember Montgomery also launched her campaign from there.The names for 2019 are:1. Tatiana Butte, Morse High School2. Danny Maganda, Gompers Preparatory Academy3. Aaron James Reynolds, Lincoln High School4. Phonisha Pruitt, Lincoln High School5. Crystalinda White, San Diego School of Creative and Performing Arts June 14, 2019 Posted: June 14, 2019 Categories: Good Morning San Diego, Local San Diego News FacebookTwitterlast_img read more

JP Morgan set to launch rival to Apple Pay

first_imgJP Morgan Chase & Co said on Monday it will soon launch its own competitor to Apple Pay that will allow consumers to pay retailers using their smart phones.The largest U.S. bank is the latest company to try to profit from the commonness of smart phones, which many financial executives believe will one day be consumers’ preferred way to pay for everything.The companies that figure out how to convince consumers to stop pulling credit cards out of their wallets and start paying with their phones–earn vast sums by taking a percentage of the trillions of dollars–consumers spend annually.Chase has signed a deal with the Merchant Customer Exchange, a group of major retailers including Wal-Mart Stores Inc and Best Buy Co Inc to accept payments through the bank’s technology.No clear front-runner has emerged in the business yet.Chase believes its smart phone application, known as Chase Pay, has one key advantage: the calibre of retailers it has brought on board, Gordon Smith, chief executive of the bank’s consumer business, told Reuters.Retailers included in the Merchant Customer Exchange ring up more than $1 trillion of sales per year and have over 100,000 outlets.Rivals like Apply Pay have struggled to sign up retailers to accept their payments. Whenever a consumer pays for something with plastic, the retailer pays fees to banks and credit card networks to process the transaction.Chase signed up the Merchant Customer Exchange mainly by promising to cut retailers’ costs, Smith said. Chase is willing to accept a lower fee for Chase Pay transactions than for other transactions, and hopes to make up the difference by getting more volume over its network, Smith said.”As merchants give us more business, we will give them better pricing,” Smith said in an interview. Chase expects to market its product heavily in the middle of next year. Smith was speaking to retailers about Chase Pay at a conference in Las Vegas on Monday.Chase Pay is also promising superior security, a critical selling point.Chase Pay will initially work for consumers that already have Chase credit, debit, and prepaid cards, Smith told Reuters in an interview. The app will work on Apple and Android-based phones.Chase Pay is just one of a series of companies trying to become the go-to payment technologies, including Apple Pay, Samsung Electronics Co Ltd’s Samsung Pay, and Alphabet Inc’s Android Pay.last_img read more

Buy Sell Hold What stocks are analysts tracking on March 5

first_imgIndian pedestrians walk on Dalal Street – Trader’s Street – next to the Bombay Stock Exchange (BSE) in Mumbai on March 7, 2014.INDRANIL MUKHERJEE/AFP/Getty ImagesSGX Nifty, an early indicator of the Nifty 50’s trend in India, signals a positive start for the domestic markets after the benchmark Sensex declined 137 points or 0.40 percent to close at 34,046 on Thursday.Here are some of the stock recommendations by analysts for Monday:1. VoltasJefferies recommends ‘Buy’Target Price: Rs 795Current stock price: Rs 619About the company: Voltas offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, machine tools, among others.Stock Performance: The stock has jumped 68 percent in an year and has a P/E ratio of 40 times forward earnings. Voltas has a market capitalization of Rs 204 billion.2. Dilip BuildconNomura recommends ‘Buy’Target Price: Rs 1,265Current stock price: Rs 953About the company: Dilip Buildcon operates in engineering, procurement, and construction business. The company focuses on development, operation, and maintenance of roads, bridges, culverts, tunnels, high capacity transport corridors, and subways.Stock Performance: The stock has surged 200 percent in an year and has a P/E ratio of 35 times forward earnings. Dilip Buildcon has a market capitalization of Rs 130 billion.3. NMDCIIFL recommends ‘Sell’Target Price: Rs 120Current stock price: Rs 130About the company: NMDC Limited explores for minerals. The company is exploring for iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.Stock Performance: The stock has lost 7 percent in an year and has a P/E ratio of 16 times forward earnings. NMDC has a market capitalization of Rs 413 billion.4. Indiabulls Housing FinanceICICI Direct recommends ‘Sell’Target Price: Rs 1,235Current stock price: Rs 1,256About the company: Indiabulls Housing Finance is a Housing Finance Company (HFC). The company provides long-term housing loans to individuals and loans against homes to small business owners.Stock Performance: The stock has gained 54 percent in an year and has a P/E ratio of 18 times forward earnings. Indiabulls Housing Finance has a market capitalization of Rs 536 billion.5. Dr Reddy’s LaboratoriesNomura recommends ‘Buy’Target Price: Rs 3,238Current stock price: Rs 2,231About the company: Dr. Reddy’s Laboratories Limited provides a complete range of pharmaceutical services. The company manufactures bulk drugs and formulations including verapamil and cephalexin.Stock Performance: The stock has lost 21 percent in an year and has a P/E ratio of 31 times forward earnings. Dr Reddy’s Laboratories has a market capitalization of Rs 370 billion.Disclaimer: The recommendations provided by the research analysts are their own, and not that of the website or its management.last_img read more

25 medical students injured in road crash

first_imgMap of CumillaAt least 25 students of a private medical college were injured in a road crash on Dhaka-Chattogram highway in Mainamati cantonment in Cumilla on Saturday night, reports UNB.Mainamati Highway police sources said that the accident took place following a triangular collision among a covered van, a goods-laden truck and a bus carrying students of Eastern Medical College, leaving at least 25 students inured.After the accident, the students were rescued and then were admitted to different hospitals.Highway police seized the vehicles.last_img

Trump Kim sign unspecified document

first_imgUS president Donald Trump and North Korean leader Kim Jong Un walk after lunch at the Capella Hotel on Sentosa island in Singapore on 12 June 2018. Photo: ReutersPresident Donald Trump and North Korea’s Kim Jong Un concluded an extraordinary summit Tuesday with lofty promises by the American president to take care of a “very dangerous problem” and Kim forecasting “major change for the world.” They signed a document that Trump described as “pretty comprehensive,” but he declined to describe it, saying the details would be revealed later.The document signing followed a series of meetings at a luxury Singapore resort.Meeting with staged ceremony on a Singapore island, Trump and Kim came together for a summit that seemed just unthinkable months ago, clasping hands in front of a row of alternating US and North Korean flags, holding a one-on-one meeting, additional talks with advisers and a working lunch.Throughout the summit that could chart the course for historic peace or raise the specter of a growing nuclear threat, both leaders expressed optimism. Kim called the sit-down a “good prelude for peace” and Trump pledged that “working together we will get it taken care of.”In advance of their private session, Trump predicted “tremendous success” while Kim said through an interpreter that “we have come here after overcoming” obstacles.Aware that the eyes of the world were on a moment many people never expected to see, Kim said many of those watching would think it was a scene from a “science fiction movie.”In the run-up to the meeting, Trump had predicted the two men might strike a nuclear deal or forge a formal end to the Korean War in the course of a single meeting or over several days. But in the hours before the summit, the White House unexpectedly announced Trump would depart Singapore earlier than expected – Tuesday evening – raising questions about whether his aspirations for an ambitious outcome had been scaled back.Giving voice to the anticipation felt around the world, South Korean President Moon Jae-in said Tuesday he “hardly slept” before the summit. Moon and other officials watched the live broadcast of the summit before a South Korean Cabinet meeting in his presidential officeThe meeting was the first between a sitting US president and a North Korean leader.After meeting privately and with aides, Trump and Kim moved into the luncheon at a long flower-bedecked table. As they entered, Trump injected some levity to the day’s extraordinary events, saying: “Getting a good picture everybody? So we look nice and handsome and thin? Perfect.”Then they dined on beef short rib confit along with sweet and sour crispy pork.And as they emerged from the meal for a brief stroll together, Trump appeared to delight in showing his North Korean counterpart the interior of “The Beast,” the famed US presidential limousine known for its high-tech fortifications.Critics of the summit leapt at the leaders’ handshake and the moonlight stroll Kim took Monday night along the glittering Singapore waterfront, saying it was further evidence that Trump was helping legitimize Kim on the world stage as an equal of the US president. Kim has been accused of horrific rights abuses against his people.Trump responded to such commentary on Twitter, saying: “The fact that I am having a meeting is a major loss for the US, say the haters & losers.” But he added “our hostages” are back home and testing, research and launches have stopped.Trump also tweeted: “Meetings between staffs and representatives are going well and quickly … but in the end, that doesn’t matter. We will all know soon whether or not a real deal, unlike those of the past, can happen!”The summit capped a dizzying few days of foreign policy activity for Trump, who shocked US allies over the weekend by using a meeting in Canada of the Group of Seven industrialized economies to alienate America’s closest friends in the West. Lashing out over trade practices, Trump lobbed insults at his G-7 host, Canadian Prime Minister Justin Trudeau. Trump left that summit early and, as he flew to Singapore, tweeted that he was yanking the US out of the group’s traditional closing statement.The optimistic summit was a remarkable change in dynamics from less than a year ago, when Trump was threatening “fire and fury” against Kim, who in turn scorned the American president as a “mentally deranged US dotard.” Beyond the impact on both leaders’ political fortunes, the summit could shape the fate of countless people – the citizens of impoverished North Korea, the tens of millions living in the shadow of the North’s nuclear threat, and millions more worldwide.Alluding to the North’s concerns that giving up its nuclear weapons could surrender its primary deterrent to forced regime change, Secretary of State Mike Pompeo told reporters that the US was prepared to take action to provide North Korea with “sufficient certainty” that denuclearization “is not something that ends badly for them.”He would not say whether that included the possibility of withdrawing US troops from the Korean Peninsula, but said the US was “prepared to take what will be security assurances that are different, unique, than America’s been willing to provide previously.”The North has faced crippling diplomatic and economic sanctions as it has advanced development of its nuclear and ballistic missile programs. Pompeo held firm to Trump’s position that sanctions will remain in place until North Korea denuclearizes – and said they would even increase if diplomatic discussions did not progress positively.Experts believe the North is close to being able to target the entire US mainland with its nuclear-armed missiles, and while there’s deep skepticism that Kim will quickly give up those hard-won nukes, there’s also some hope that diplomacy can replace the animosity between the US and the North.last_img read more

India committed to resolving Teesta issue says Jaishankar

first_imgForeign minister AK Abdul Momen is shaking hands with his Indian counterpart S Jaishankar before Dhaka-Delhi bilateral talks at state guesthouse Jamuna in Dhaka. Photo: UNBVisiting Indian external affairs minister S Jaishankar on Tuesday said Bangladesh and India are working to find “mutually acceptable formulas” to share water from 54 shared rivers with keeping India’s commitment to resolving Teesta issue unchanged, reports UNB.”We look forward to making a progress to find mutually acceptable formulas to share water from our 54 shared rivers,” he told reporters.The Indian external affairs minister and his Bangladesh counterpart AK Abdul Momen briefed newsmen after their bilateral meeting at state guesthouse Jamuna that lasted for over an hour from 11:10am.Asked about long-pending Teesta water-sharing matter, Jaishankar said there has been no change regarding their commitment to resolve the issue. “We’ve a position. You all are aware of it. We’ve a commitment on that position. And there’s no change in that regard.”He said that they are ready to make a start wherever it is possible.On Rohingya issue, Jaishankar said they agreed that the “safe, speedy and sustainable” return of Rohingyas to their place of origin in Rakhine state is in the national interest of the three countries — Bangladesh, Myanmar and India.”We reaffirmed our readiness to provide more assistance for the displaced persons in Bangladesh and to improve socioeconomic condition in Rakhine state,” he said.Responding to a question on National Register of Citizens (NRC) for Assam, the Indian external affairs minister said this is an “internal matter” for India.Jaishankar said India’s partnership with Bangladesh remains an example of what neighbours can do if they work together as two partners.He said the government led by Indian prime minister Narendra Modi is determined to ensure that this partnership is truly a role model in South Asia and for the world.The Indian minister said they would like to offer all possible support to realise Bangladesh’s development agenda which is in India’s interest as well.Terming the relation is now in ‘golden age’, he said the two countries will benefit mutually if the partnership between Bangladesh and India grows.Jaishankar said the two countries have a very important shared history and they look forward to sharing Bangladesh’s celebrations of birth centenary of Father of Nation Bangabandhu Sheikh Mujibur Rahman and 50th anniversary of Bangladesh’s independence in 2021.Through the visit, the Indian minister said they publicly signal the importance they attach to the relationship ahead of prime minister Sheikh Hasina’s visit to India. “This is such an important relationship.”Jaishankar said the improved partnership against crimes, extremism and terrorist groups will have direct benefits to the people of the two countries when it comes to security issue.In terms of connectivity, he said they will step up this partnership to realise all the potential of connectivity.”We’ve many energy-sharing projects which we’re discussing, including private and public sector partnership,” he added.On trade issues, Jaishankar said they are ready to move to the next stage of economic partnership as Bangladesh’s economy develops and matures. “We’ll make progress at a phase which is comfortable for Bangladesh.”On people-to-people contact, he said the largest consular operation of India is now in Bangladesh and they are very proud of that.Momen said they had a very good discussion on many issues and have a consensus on almost all those discussed issues.He said they are satisfied with the discussion and hoped for better days ahead.Jaishankar, who arrived in Dhaka on Monday night on a three-day official visit to Bangladesh, said the two countries have many things to discuss to take the relationship between the two neighbouring countries to a higher level.”We’ve a very good relationship. We’ve a very strong relationship. We’ve many things to discuss about taking the relationship to a higher level,” he said while talking to reporters after his arrival at Hazrat Shahjalal International Airport.Before the meeting, the Indian minister visited Bangabandhu Memorial Museum at Dhanmondi-32 and paid tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing wreaths at his portrait there.Momen hosted lunch in honour of his Indian counterpart after the meeting.The Indian foreign minister is scheduled to meet prime minister Sheikh Hasina at her official residence around 5pm on Tuesday.Indian high commissioner in Dhaka Riva Ganguly Das will host private dinner for Jaishankar on Tuesday evening.He will leave Dhaka for Kathmandu on Wednesday morning.India is a leading development partner of Bangladesh as it has extended concessional lines of credit to the tune of around 8 billion US dollars.last_img read more

Need to promote Indias art and culture

first_imgEminent practitioners of art and culture today spoke on the role of culture in development at the 88thAnnual General Meeting of FICCI on Saturday.Shovna Narayan, the ‘Kathak’ exponent said that art should be seen as a venture capital which helps in creation of uniqueness and identity for our country. She stressed on the preservation of art & culture the need to take its advantage in the most economical manner. “We are competing with the West, but we should strive to become centres of excellence and become focal points to act as magnets.” Also Read – ‘Playing Jojo was emotionally exhausting’Prof. Rajeev Lochan, Director, National Gallery of Modern Art, emphasised the need for creation of space for interaction and exposure for the art and culture. He said that there is a need to create a platform for art where it can be utilised for the economic development in an effective manner. Going ahead, he said that adequate avenues have to be created for the healthy evolution of art and culture in the nation. He also mentioned that the art and culture in the country could benefit from CSR activities of companies.  .Sharon Lowen, ‘Odissi’ dancer, said that art has played an important role in the national integration of India in the post-independence period. She said that art gives Indian citizens an edge.last_img read more

Arenal Report

first_imgNo related posts. On Friday, June 22, area residents met with government officials at the Salón Comunal in Cabanga to discuss paving the Guatuso Road, or Ruta Nacional 143. This is the section from the Lake Road to Guatuso.The meeting was organized and well-attended. There has been an ongoing effort to get this road paved. Several government officials were in attendance, including National Roadway Council Director José Luis Salas, Tilarán Mayor Jovel Ortega, Guatuso Mayor Abelino, Upala Mayor Alejandro Hernández as well as the presidents of the local associations of both Tilarán and Guatuso. Many residents spoke about the need for the road. This is an important road for tourists as it connects the Arenal area to the popular sites of Río Celeste and Río Negro. It also offers a route to the Caribbean.  A topographical and engineering study will begin in August and conclude by September. The completion is projected for 2016. The cantons of Tilarán and Guatuso are establishing a commission to cooperate on this and other projects. Certain sections may be singled out for improvements first, as they are most in need. Examples include the road through the town of Cabanga and up the hill on this side of Dos Rocas.The residents were pleased with the response from officials. When Salas was asked if he would put this plan and schedule in writing, he agreed.  The community was seeing work on the roads in other areas as well.  The Lake Road between Nuevo Arenal and La Fortuna, near where the restaurant Indio Pelado was located, is now sporting a new, one-lane Bailey bridge. Other improvements on the Lake Road include improving the road between there and La Fortuna. Thanks to Jeff Spencer for his assistance with this report.-Lynn Farris LynnFarris@ymail.com Facebook Commentslast_img read more

Four judges reprimanded over Chinese cement scandal

first_imgMembers from all three branches of government were caught up in the Bolaños scandal: one magistrate from the CSJ and the attorney general were dismissed, as well as the manager and board of directors in charge of the Bank of Costa Rica. The Vice Minister of Finance was also forced to resign.The four judges were investigated after a report that they irregularly exonerated the now former legislators Otto Guevara and Víctor Morales Zapata, who were facing influence peddling charges related to Bolaños.A judicial police report documented hundreds of phone calls between the two legislators and the Chinese cement importer, but the judges ignored the document.Twelve members of the full court argued in favor of sanctioning their colleagues for “serious misconduct,” which would involve them being dismissed from their spot on the court. Such a measure would require votes from two-thirds of the magistrates, however, which comes out to 15 votes. Facebook Comments Related posts:Supreme Court president steps down amid corruption scandal Is your candidate under investigation? Public Security minister says he’ll resign if not given more funds for policing Prosecutors requests six months of prison for seven cement case detainees Costa Rican prosecutors raid Emergency Commission officecenter_img Four judges from Costa Rica’s Supreme Court (CSJ) were reprimanded for “serious misconduct” after dismissing a case against legislators related to influence peddling in the Chinese cement case known as the ‘cementazo.’Carlos Chinchilla, president of the CSJ, is among the sanctioned judges along with his colleagues Jesús Ramírez, Doris Arias and María Elena Gómez, members of the criminal wing of the court.The four judges were reprimanded after they dismissed a case against two legislators who had been pointed out for collaborating with Juan Carlos Bolaños, the businessman at the epicenter of the cementazo scandal.Bolaños, who is being held in preventive detention, is reported to have used political pressure and offered perks in exchange for the authorization to import Chinese cement with millions of dollars worth of unguaranteed credit from public banks.last_img read more