Banks Committed to Fighting Ebola

first_imgThe Liberia Bankers Association (LBA) has assured the public of the banks’ commitment to the fight against the deadly Ebola virus in the country.LBA president John B. S. Davies, III gave the assurance on Wednesday, September 10, when he appeared on ELBC Radio morning show. “The banking sector has been very supportive of the fight against Ebola. The sector has provided  both financial and logistical support to the government amounting to over US$250,000. Individual banks are also supporting awareness campaigns at our various branches and communities,” Davies said. The LBA boss noted that banks didn’t budget spending on the Ebola crisis, but individual banks had to readjust their budgets to deal with the challenges brought on as a result of the Ebola outbreak.Mr. Davies, who is also president and chief executive officer (CEO) of the Liberia Bank for Development and Investment (LBDI), also disclosed that banks are still providing full-time services to clients. “All services are operational at banks even though the Ebola crisis has brought its own unique challenges that we are dealing with daily as an industry and as  individual banks,” he said. According to him, remittances are still flowing, except for the extractive industry which, he said, is largely affected by the Ebola outbreak.Mr. Davies assured the public that the banking sector, as a critical symbol of hope, is the last place to show fear. Our business desk confirmed contractors for a number of concession companies in the extractive and agriculture industries have declared force majeure and left the country out of fear of contracting the Ebola virus and this has affected their relationship with banks. Touching on LBDI’s individual contribution to the fight against Ebola as a bank, the CEO recalled that the Bank had  contributed US$10,000 to the government of Liberia’s Ebola Trust Fund (ETF) and made available US$1,500 goodwill support, to Montserrado County District #13 Rep. Saah Joseph to fuel his ambulances that are being used to transport Ebola patients to various treatment centers in Monrovia. “We also contributed to the US$9,000 that was provided to the Ebola Trust Fund by the LBA as its contribution to fight the virus,” Davies added. He declared that LBDI is also providing free banking services to the Ministry of Health and Social Welfare for all Ebola-related accounts the Ministry has at LBDI. “Apart from this  critical intervention, we are providing full-scale financial services to Mano Manufacturing Company to produce bleaches and detergents to combat Ebola in Liberia.LBDI Support to Mano Manufacturing Mano Manufacturing Company, the manufacturer of made-in-Liberia chloral, alcohol and other bleaches and other products, such as candles and matches, amongst others, is mostly financed by LBDI. “This company,” Mr. Davies declared, “is also supplying bleaches and detergent to Guinea and Sierra Leone to fight Ebola.” The prices of bleach products have more than doubled in Monrovia, propelled by huge demand as most households, business centers, offices and healthcare centers are using them for cleaning up and hand washing purposes, a method the World Health Organization (WHO) says can help to break in transmission of the deadly Ebola virus.Consumers are meanwhile concerned about the hike in the prices of locally produced  bleach products, with some appealing to the company to produce enough to meet with the rising demand on the market. Banks are still providing loans to certain clients, said Mr. Davies, but he was quick to add that said loans were being disbursed on a case by case basis. “Banks are still lending, but we take every loan situation on a case by case,” he said, noting  that banks are still financing construction and some sectors of the economy that are not badly hit by the Ebola virus outbreak. He intoned that the government of Liberia’s economic management team (EMT), the International Monetary Fund (IMF), the World Bank Group and other stakeholders are studying the lending strategy for banks for a possible review.Davies noted that a review of the lending strategy was critical to enhancing macroeconomic stability and growth.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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10 months agoRoma president Pallotta admits no holds barred Monchi meeting

first_imgRoma president Pallotta admits no holds barred Monchi meetingby Carlos Volcano10 months agoSend to a friendShare the loveAS Roma president James Pallotta admits he’s had a no holds barred meeting in Boston with sports director Monchi.Roma are currently struggling in seventh position.“We had a very productive three days together in Boston discussing both the football and business activities of the club,” said Pallotta.“It goes without saying that no one at the club is happy with the results and performances so far this season and we had an open and honest conversation about issues that we need to address and improve as a matter of urgency to get our season back on track.“There was a lot of straight talking and everything was put on the table. Our only goal now is to do better in everything we do and we will work on that together – from me, our board, our management team, Monchi, Di Francesco, our football operations staff, the players and all the staff.“Together we haven’t met the very high expectations we have set for ourselves – and have tried to deliver on in recent seasons – and that must improve. Together we are working to address that.“If anyone at the club is not committed to being part of a team effort, there’s no place for them here.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

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10 months agoBrighton winger Locadia delighted to prove matchwinner

first_imgBrighton winger Locadia delighted to prove matchwinnerby Paul Vegas10 months agoSend to a friendShare the loveBrighton winger Jurgen Locadia was delighted to prove the matchwinner for victory over Everton.The Dutchman claimed his second goal in two games.He said, “It’s crazy, I’ve gone from not playing every game to then scoring two games in a row. I’m very happy and proud and I want to thank everybody for reaching this moment.“We started well in the first half and also began the second half well too. Everton created a lot of chances, and they almost scored, but I feel that we deserved the win today.“For the goal, I saw the ball deflect off an Everton player and it was a clear goal in my opinion, but the referee had his doubts. In the end, he gave it.” About the authorPaul VegasShare the loveHave your saylast_img read more

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22 days agoStandard Liege coach Preud’homme: Any Arsenal result a surprise

first_imgAbout the authorPaul VegasShare the loveHave your say Standard Liege coach Preud’homme: Any Arsenal result a surpriseby Paul Vegas22 days agoSend to a friendShare the loveStandard Liege coach Michel Preud’homme admits they’re rank outsiders going to Europa League opponents Arsenal.The former goalkeeper says any result would be a bonus.”Getting a result would be a surprise,” says Preud’homme. “Of course we all hope so. What the reality brings, however, we’ll only know tomorrow night. I have told my players to take advantage of this competition to give everything. With the ambition to get the most out of it. “We are going to try to play our football. Our biggest weapons? Every week, we are a team that tries to think collectively.” last_img read more

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Photos: Honeymooners Sporting Their Tux And Wedding Dress Are At Kentucky’s Game vs. South Carolina

first_imgHoneymooners in wedding tux and dress at Kentucky vs. South Carolina.It’s Valentine’s Day, so it’s fairly fitting that a recently married couple is attending Kentucky’s game against South Carolina at Rupp Arena this afternoon. The couple, which got married Friday night, is sitting in the upper section of the Wildcats’ arena, with the groom sporting his tuxedo and the bride still wearing her wedding dress. Check it out: Here’s our new favorite honeymooners sitting 1st row upper arena @Rupp_Arena after getting married last night pic.twitter.com/v6k9s9Bea5— Ryan Lemond (@ryanlemond) February 14, 2015There’s a bride at Rupp Arena today: pic.twitter.com/hmWR6RHcPx— Ashley Scoby (@AshleyScoby) February 14, 2015How grand is UK basketball? These fine Kentucky folks were just married in the Commonwealth’s church, Rupp Arena. #fb pic.twitter.com/1QwZNQMDOc— Benjamin Riggs (@bpriggs) February 14, 2015Woman in wedding dress watching basketball in second level of Rupp Arena. (Above A in Whitaker). pic.twitter.com/ZhmxF36x6Z— Brian Bennett (@BennettESPN) February 14, 2015Love and Basketball combine @Rupp_Arena for @KentuckyMBB vs South Carolina. #BBN #Bluelyweds pic.twitter.com/Na3HgVOs1C— KYwildcatsTV (@KYwildcatsTV) February 14, 2015Basketball, clearly, reigns supreme in the Bluegrass State. Kentucky and South Carolina are currently playing on ESPN.last_img read more

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Sub-Projects for Logistics Hub will be Implemented – Industry Minister

first_imgMinister of Industry, Investment and Commerce, Hon. Anthony Hylton, has expressed confidence that the necessary short term sub-projects will be implemented in time to make the Jamaica Logistics Hub operational and effective by 2015.Speaking at a Jamaica House press briefing at the Office of the Prime Minister, on Wednesday, May 15, Minister Hylton pointed out that four things are critical to meeting the deadline for the opening of the widened Panama Canal, on which the project hinges.These include: dredging of the channel in the harbour; privatization and modernisation of the port of Kingston; establishment of the logistics centre at Caymanas; and implementation of a community port system at Jamaica Customs.The Minister said the mega projects, such as the dry dock facility and the commodity port are medium to long term projects. They are critical to the overall transformational effect of the projects, and would take a longer time to come on stream.“From where I sit, we have every opportunity, every possibility to meet that timeline, and be ready for the opening of the Panama Canal,” he added.The logistics hub initiative is critical to the government’s overall growth strategy for the economy, and will see Jamaica becoming the fourth node in the global logistics chain, joining Rotterdam, Singapore and Dubai.Jamaica’s strategic geographic position on major sea lanes and air routes to North and South America, as well as Europe and South East Asia, has increased its competitive advantage, particularly in the logistics and shipping sector.With the expansion of the Panama Canal to be completed in 2015, Jamaica’s unique location, and natural resources, such as two of the best natural harbours in the world, will see the Logistics Hub initiative enhancing the global trading system, and as such representing a global asset.Contact: Alphea Saunderslast_img read more

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Alberta throne speech promises changes to expand economy end carbon tax

first_imgEDMONTON — The new Alberta government has set its first legislature sitting in motion with a promise to repeal the provincial carbon tax, roll back the corporate tax and cut red tape.Lt.-Gov. Lois Mitchell outlined the priorities of Premier Jason Kenney’s United Conservative government in the traditional speech from the throne.Kenney has promised what he calls a spring of renewal to repeal the provincial carbon tax brought in by the former NDP government and to pass new rules to help businesses and entrepreneurs flourish.The federal government has already indicated that Ottawa will impose its own levy on greenhouse gas emissions if Alberta punts the provincial tax.The sitting is also expected to see legislation introduced to keep royalty rates consistent on oil and gas wells and to improve access to regulated trades and professions.It is expected to last until the end of June, although the government has said it will sit into July if necessary to get the bills passed.A full budget is to be introduced in the fall. The Canadian Presslast_img read more

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Paul Ince hopes Mourinho can keep United job

first_imgThe 3-2 comeback victory on Saturday over Newcastle United might give the Manchester United manager some air to breatheManchester United boss Jose Mourinho has been under the spotlight for his fights with footballer Paul Pogba and the way the Red Devils are performing this season.But on Saturday his team was able to come back from a 2-0 disadvantage in order to win 3-2 over Newcastle United.And for former United captain Paul Ince, this might give Mourinho some room to breathe.“I’ve always thought that results can change things,” he said to The Irish Examiner.Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.“Everyone was saying the players don’t want to play [for Mourinho], they don’t want to fight.”“After the second half against Newcastle people might think differently,” he added.“We all know one swallow doesn’t make a summer, so are we papering over the cracks because they came back? To some extent, yeah, we are but it was an important result because they had to win after all the reports of Mourinho leaving.”“After the game, I’d like to think that’s a game to push Manchester United on. I’m not saying they will start challenging City and Liverpool for the title but it gives them some respite after everything that has been going on,” Ince explained.“Hopefully Mourinho stays, I’d like him to stay but he has to start changing his methods from those he’s used for years and understand the game’s gone forward.”last_img read more

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Romora Bay Resort Marina Best Season in Resorts Nearly 50Year History Caps

first_img Related Items:#RemoraBayResort&Marina Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, May 19, 2017 – Harbour Island –  Romora Bay Resort & Marina, a Harbour Island landmark since 1968, reported the strongest season in its nearly 50-year history with all revenue streams – marina, rooms and restaurant – at peak occupancy and spend records in April. “We could not be more pleased with the reception we have been getting, particularly among the captains and owners of increasingly larger vessels at the marina. What gives us the greatest satisfaction is that we are operating at our very best with all-Bahamian management and staff sharing that special touch of Bahamian hospitality,” said Joe Dargavage, Operations Manager, the sole non-Bahamian. Dargavage, who has a 25-year history in The Bahamas and has served as president of the Association of Bahamas Marinas, credits much of the success of Romora Bay’s growing share of the popular Harbour Island visitor market to the desirability of The Bahamas.“These are turbulent times in many parts of the world and The Bahamas is seen as a secure and highly desirable place to be. A lot of the traffic, and particularly mega-yachts, which used to go elsewhere for part of the year are spending more time in the Caribbean and The Bahamas,” Dargavage said. He also credits what he calls the ‘Romora hospitality factor’ for attracting repeat visitors and marina guests. “There are larger marinas in The Bahamas and even in Harbour Island, but we get an extraordinary number of repeat visitors who tell us when they are here, they feel like family,” he said. “It’s friendly, the staff are friendly, the Sunsets Bar & Grille which is the only place in Harbour Island that has live music three nights a week, is friendly. And then there are the amenities that marina guests as well as those in our little resort on a lot of land get to use -– infinity edge pool, crew lounges, new gym, newly renovated and furnished guest suites. Fishermen bring in their fresh catch daily and if a boat comes back with a large catch and wants the chef to cook it up, we’ll prepare and share. Success is not built on the best bedspread or art on the wall. It’s in the art of hospitality.” Among the Bahamians serving in key roles are Assistant General Manager Marc Tonis, Front End Manager Altonette Ferguson, Guest Relations Manager Laurieann Albury and Marina Manager Lorria Whitfield.Even as Romora with its 14 guest suites and 40-slip marina enjoys its time in the sun, Dargavage said the trend toward more boats creating greater benefits for The Bahamas overall is significant. “The boating and yachting industry throughout The Bahamas has enjoyed a steady incline since 2013,” said Dargavage, who serves as vice president of the Association of Bahamas Marinas. “Every year, we see more and larger vessels coming from Europe that only a few years ago did not spend time in The Bahamas. We project that this trend will continue over the next five years. Key industry factors like fuel prices, a bright outlook for the U.S. and local financial sectors and most importantly safety and security, all help to drive yachts to our beautiful turquoise waters and we do not see anything that would alter those basic factors in any dramatic way in the next several years so the outlook is encouraging and bright for businesses related to the yachting industry in The Bahamas.” Romora Bay Resort & Marina has also enjoyed growth as a venue for photo shoots. Victoria’s Secret, Cover Girl, La Perla, Elle, Marie-Claire, Sony, J. Jill, Gilette,  LLBean, Photo Magazine and Ocean Drive are among the many companies or products who have shot print or video at the waterfront resort.  #RemoraBayResort&Marina Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

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