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Ecobank to Introduce ‘Special Product’ for Chinese

first_imgEcobank Liberia Limited (ELL) has hosted the Ecobank-Chinese Business Forum (ECBF) in Monrovia with Management announcing that the Bank is working on a product exclusively for Chinese businesses operating in the country. The forum, the first of its kind ever in the banking industry, took place at the Chinese-own Golden Gate Hotel on July 11, with several Chinese business executives, special guests and Ecobank-Liberia staffs in attendance. It comes amid growing Chinese presence in the country.The aim of the forum, the Management says, is to attract Chinese customers to save their monies with Ecobank. Ecobank-Liberia Managing Director Mr. Kola Adeleke, who introduced the forum, said the decision by Ecobank to pioneer the new relationship with the Chinese is intended to bolster the Bank’s relationship with Chinese businesses in the country.Although Mr. Adeleke didn’t name the new product for his Chinese customers, he noted that if introduced, it will be exclusively for Chinese businesses to use as an instrument to transact with key business centers in the country.He also disclosed that Ecobank Management is setting up a corporate desk exclusively for Chinese with a Chinese-Liberia local account officer in charge in Monrovia.“I want to assure all our Chinese customers of our commitment to helping their businesses in Liberia and to ensure further strengthening of our business relationship,” said the Ecobank Managing Director.He said the local Chinese-Liberia account officer will be a Liberian who is voiced enough in speaking Chinese.“We are sure that this account officer will be able to deal with issues facing our Chinese customers in a special way,” he said.  Mr. Adeleke’s remarks were relayed in Chinese to the Chinese audience by Mr. David Quame Appiah of Ecobank Ghana.Mr. Appiah, according to Ecobank officials, studied how to read and write Chinese in China. “It is a great joy for us as managers of the Pan African Bank to establish we really care for the Chinese people in Liberia,” the Ecobank Managing Director stated.He observed that Ecobank Bank Transnational Incorporated (ETI), parent company of Ecobank Group, sees China as a crucial partner for the development of Africa. According to the Ecobank Liberia Managing Director, ETI has been following China’s   investment in Africa, which led the company to recognize it as a crucial partner for the development of the continent.In 2013, China’s total investment in Africa is over US$210 billion dollars. Chinese at the Ecobank Chinese Business Forum made several inquiries from Management including the issue of visa and other debit cards.They also requested Management to build an Ecobank Branch near the Chinese Embassy in Congo Town.The Chinese also requested for multi-language automated teller machines mainly ones that have Chinese writings. In response, Mr. Adeleke assured the Chinese that he will take the issue of the Chinese language ATMs to ETI for discussion.The Ecobank boss thanked the Chinese for bringing about the idea and declared that the current Ecobank ATMs are assigned for both English and French. On the issue of Chinese businesses who don’t have collateral accessing loan from Ecobank, Mr. Adeleke explained that since some of the Chinese don’t have assets for collateral, they can use the assets of their parent companies to acquire loan from the Bank.On the issue of interest rate pricing as raised by the Chinese, Mr. Adeleke noted that the Bank will consider lowering pricing according to the case.He told the Chinese that Ecobank Management is willing to sit and discuss the pricing. Meanwhile, the Chinese businesses have pledged to do business with Ecobank as they consider the Bank a partner.One of the Chinese participating in the forum spoke of how Ecobank is making impact in the country. In her closing remarks, Ecobank Liberia Board Chair Mrs. Clavenda Bright-Parker said the Bank has seen the contribution of Chinese to the Liberian economy.Mrs. Parker noted that as the Pan African Bank focusing on the development of Africa and Africans, Ecobank Liberia has decided to work with the Chinese who are also involved in developing Africa to support their businesses in Liberia.“The Chinese have come a long way in becoming our strong partners and so we at Ecobank see them as our good friends,” she said.“This is why we have decided to make available a special product exclusively for them (Chinese) which will be introduced soon. And this product will be accompanied by the setting up of a corporate at Ecobnak exclusively for them also,” said Mrs. Parker.     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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Miatta Fahnbulleh Fears Ebola In Special Senatorial Election

first_imgOne of the senatorial aspirants of Montserrado County in the coming special election, Miatta Fahnbulleh, has admitted that she fears another serious outbreak of the deadly Ebola virus if the election is to be held by December of this year.Speaking to newsmen at her office in Monrovia yesterday, Madam Fahnbulleh said candidates would find it difficult to campaign in their various counties for fear of furthering the spread of the highly contagious virus.“We are in the middle of one of the greatest epidemics of the 21st century, as described by our international partners and other health practitioners all over the world,” she said and added that other countries have suffered from their own epidemics, including the United States, but cures were found and those epidemics were eradicated.Ms. Fahnbulleh said Liberia is for the first time experiencing such a deadly virus and to attempt to hold an election in the midst of the Ebola crisis would be contrary to the rules being preached by health authorities such as avoiding bodily contact, large gatherings, and frequently washing hands, among others.“In campaigning, we have to congregate; our voters have to touch us and this will require us to put people together and explain to them how we will represent them,” she noted.   “I don’t understand the issue of (holding) elections now,” she declared.  According to the Montserrado County senatorial aspirant, Liberia, Guinea and Sierra Leone did not need Ebola to realize that they have fragile or poor health systems that need to be built to standard.“We are not afraid of saying that Ebola exposed the weak health system in Liberia,” said Ms. Fahnbulleh.She acknowledged that these countries have gone through over ten years of civil crises and are coming back to democracy. There is a limit to what could be accomplished by any government coming through such crises in terms of infrastructural and human capacity development, she said.The senatorial aspirant expressed thanks and appreciation to health workers and international partners for their relentless efforts in the fight against the deadly Ebola virus and their help in putting Liberia back to a sense of stability.She added that, “Liberian needs to continue to observe the preventive measures and avoid anything that would lead to more infections with the deadly virus.”       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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Mass termination of sugar workers disastrous – IAC

first_imgWithout any relief planThe Indian Action Committee (IAC) has come out in strong condemnation of the mass termination of sugar workers, without any relief plan, saying this is “disastrous”.The Committee recalled that in a press statement issued in March 2017, it expressed the organisation’s extreme concerns regarding the distressed state of the sugar industry in Guyana, especially in light of the anxieties oppressing the minds of thousands of sugar workers whose livelihoods were seen to be in jeopardy as rumours of the closure of a number of sugar estates permeated the society.The IAC said that, eight months later, it has witnessed and is continuing to witness the despair of workers of Wales, Enmore, Rose Hall and Skeldon sugar estates, all of which have been closed after March 2017.The IAC, in anticipation of the severe economic problems that would beset thousands of unemployed sugar workers, urged the Government of Guyana to pay those workers – who would become unemployed due to estate closure – their severance which is due to them by law; to retrain these unemployed workers using monies that would otherwise have been used to upkeep these now closed estates; and to transfer a portion of lands of these estates to the unemployed workers so that they could make a new start in life and independently seek their own economic wellbeing.The IAC said it recognises the National Budget 2018 as being the largest in the history of the country and is confident that monies can be found to ensure that these thousands of dislocated sugar workers do not suffer any extended period of economic deprivation with the negative consequences for individuals, families, and society as a whole that come with these extreme circumstances.The IAC, which is not in the business of solving the problems of the sugar industry, nevertheless feels strongly that the organisation must raise its voice in defence of all those sugar workers and their families, and their dependents, and all other persons who will be indirectly adversely affected by their dislocation, especially since the vast majority of these persons appear to be voiceless and more so, since those organisations which had benefited for decades from the moral and financial support of these ordinary workers have seemingly fallen silent as these generally ‘die-hard’ supporters begin to despair.The IAC believes the time has come for Government and the company to set out in clear language what they plan to do to safeguard the livelihoods of the workers and the communities.The IAC wishes to remind the Government that when the bauxite industry was in crisis prior to the arrival of RUSAL and BOSAI, the then Government with financial support from the European Union established LEAP (Linden Economic Advancement Programme) to support Linden and the rest of Region 10 (Upper Demerara-Berbice) in those depressed times of economic despair; the organisation is calling upon the coalition Government to establish a similar entity to deal with the sugar industry in its current crisis.The IAC, in conclusion, is adamant that if the coalition Government goes ahead and privatises a number of the sugar estates, that through some remedial plan for the workers of the industry and other beneficiaries, they have a viable option to benefit from the divestment of GuySuCo.last_img read more

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Woman brutally chopped by ex-lover

first_imgAt Meten-Meer-Zorg… suspect arrestedA 23-year-old sales clerk is now said to be in stable condition at the Georgetown Public Hospital after being the victim of a brutal chopping attack in front of her home in Meten-Meer-Zorg, West Coast Demerara on Sunday night.Narainie Gopaul was brutally choppedThe injured woman has been identified as Narainie Gopaul, of Lot 74 Railway View, Meten-Meer-Zorg.Based on Police reports, Gopaul was in the process of entering her yard around 23:00h on the day in question when she was suddenly attacked by a 58-year-old man with whom she once shared a relationship.The suspect, brandishing a cutlass, reportedly dealt the woman several chops about her body, including to her arms, right foot and neck.He subsequently fled the scene on foot, leaving her in a pool of her own blood.Gopaul was rushed to the Leonora Cottage Hospital in a critical state and was later transferred to the city hospital given the severity of her injuries.Gruesome pictures circulating via social media showed the woman’s hand was almost completely detached while one of her fingers appeared to be completely severed.Meanwhile, according to Divisional Commander Leslie James, the suspect, who hails from Ocean Garden, also in Meten-Meer-Zorg, was later detained by Police in D Division (West Demerara).The man is expected to appear before the Magistrate today when he will be arraigned.Investigations are currently ongoing to ascertain what led to Sunday’s brutal attack.last_img read more

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Weekly MP Report from Jay Hill

first_imgLocally, forestry workers welcomed the Budget’s extension of current or recently-expired Worksharing Agreements by 26 weeks.  Our area’s communities will benefit from an additional $14.7-million per year for Western Economic Diversification and $11-million per year for the Community Futures. We will NOT raise taxes and we will NOT cut spending on essential public services such as health care, post-secondary education and other social services.  Total federal transfers to British Columbia will hit $6.3-billion in 2010-11.  That’s $1.3-million more than the old Liberal Government transferred to BC during their last year in office. Yet, the unprecedented global economic downturn that began in 2008 demanded equally unprecedented, urgent action.  And in last year’s federal budget, our Conservative Government launched the Economic Action Plan, a two-year plan to stimulate our economy, protect Canadians hit hardest by the global recession and invest in our future growth. In the second phase of our Economic Action Plan we will invest almost $20 billionthis year to stimulate economy activity, create and protect jobs, and solidify theAdvertisement economic recovery.  We will complete thousands of stimulus projects, putting Canadians to work building roads, bridges, water and sewer systems across the country. We will continue to reduce taxes on businesses to encourage private sector investment and job creation.  We will continue to invest in workers, training and youth employment.  Over the past year, we implemented the first phase of this stimulus plan, on schedule, as promised. That plan has helped protect existing jobs and create new jobs. It is stimulating economic growth now, while building the infrastructure Canada needs for long-term economic growth. Single parent families will benefit from changes to Universal Child Care Benefit.  The New Horizons for Seniors Program will receive $10-million over two years. Second, we will restrain spending through targeted measures, such as freezing the salaries of the Prime Minister, Ministers, MPs and Senators and the budgets of Ministers’ offices.  We will also freeze department’s operating budgets – the money government spends on wages and administration.center_img First, we will end stimulus spending as planned with the Economic Action Plan’s temporary measures winding down by March 31, 2011.  And there’s more good to this budget …the Liberals will allow it to pass, sparing election-weary Canadians another trip to the polls!Advertisement MP Report by Jay Hill, M.P. “Budget 2010 Balances Fiscal Responsibility and Job Creation” BUT…we know that the other extraordinary federal spending demanded by the recession cannot continue indefinitely.  That’s why Budget 2010 includes a very detailed deficit-fighting three-point plan to return to the balanced budgets I know that my constituents and most Canadians want.Advertisement And third, we will undertake a comprehensive review of government administrative functions and overhead costs.  Overall, this plan will cut the deficit nearly in half in just two years, and cut it by two-thirds in three years. For the majority of taxpayers in Prince George-Peace River, last week’s federal budget “got it right”… at the right time.- Advertisement – While it’s an opinion shared by many Canadians, responsible management of the nation’s finances has always been one of the very highest priorities among residents in our region.  The need to ‘get a grip’ on the national debt is one of the reasons I entered politics. last_img read more

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6-year-old boy allegedly sodomised in school’s washroom

first_img—Police, Education Ministry, CCPA launch probeA six-year-old primary school pupil is now traumatised after he was allegedly sexually assaulted in the washroom of his East Coast Demerara (ECD) school.Police Commander of Region Four (Demerara-Mahaica) Subdivision C (East Coast Demerara), Assistant Police Commissioner, Royston Andries-JunorPolice Commander of Region Four (Demerara-Mahaica) Subdivision C (East Coast Demerara), Assistant Police Commissioner, Royston Andries-Junor, confirmed that investigators are currently probing the incident, which was reported to law enforcement authorities earlier this week.He stated that at this point, there are no suspects in custody since the Police have not been able to obtain a statement from the victim about the allegations.The Commander explained that in matters relating to child abuse in any form or manner, there are channels which have to be followed and that the first step is to ensure that the child (victim) receives the medical attention and counselling he/she may need before the Police take a statement.As such, the Social Protection Ministry’s Child Care and Protection Agency (CCPA) is currently playing their part of the investigation before the child speaks to Police ranks.However, the Police Commander noted that the complaint was filed by the victim’s mother after her son told her and his father about the incident when he returned home from school.It is expected that early next week, investigators will be able to speak with the child about the details of the incident. Once this is done, he added, the Police will have a lead to follow-up especially as to who is involved.He added that at this juncture, the most important part is that the child is taken care of and receives the care he needs in order to recover as soon as possible.Meanwhile, the Education Ministry, in a release to the press Thursday evening, stated that it has been made aware through social media (Facebook) about a post which read” “East Coast Demerara primary school student beaten and sodomised by more than six students in school toilet”.According to the Ministry, a probe has been launched from its end.“The Ministry of Education wishes to advise that an incident involving students is actively being investigated and a number of stakeholders are involved in the matter. The Ministry of Education is appealing to individuals to desist from sensationalising issues related to minors and to engage in responsible reporting,” the Ministry’s statement added. (Kristen Macklingam)last_img read more

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Area girls urged to tackle careers in math, science

first_imgduring which they had the opportunity to hear from women who work in science-based or math-based jobs that require advanced degrees. “I loved the idea of flying planes like that in the Air Force,” said Garfias, 13, who attends Eastmont Intermediate School in Montebello. “It’s so cool.” Zusy, who is a flight test engineer at Edwards Air Force Base, demonstrated her flight gear to the eighth-graders, telling them how the G-force from flying in the jets forces the blood away from the heart and brain. The “G-suits” that the pilots and engineers wear squeeze their legs and stomachs to keep the blood where it should be. The “Top Gun” helmets have an airway mask that forces air into their lungs “in case we forget to breath in the turns,” she said. Tall and thin with long blond hair, Zusy didn’t match the typical image of a flight test engineer. But her highly specialized job requires years of physics, math, engineering and science – subjects she has always loved, she said. Her job is to plan and guide tests for the F-16s. Usually, she rides in the back seat of the plane and communicates information to the pilot about what tests to perform. A very male-dominated field, Zusy said she was the only female engineer in her entire college ROTC program and now is only one of two women in a squadron with 30 men. “They think it’s a man’s world,” Zusy told the girls. “They think they’re so cool, but there’s a girl in the back seat who can do it just as well. It’s tough, but I love my job so much.” Zusy said she hopes some day to be an astronaut and said the best way to achieve that was through the Air Force. Sue Turco, a board member of the AAUW’s Whittier chapter, said women had three possible career paths when she was entering adulthood; teacher, secretary or nurse. “We hope that by exposing the girls to math and science professions, they’ll pursue those careers and hopefully go further in their education,” Turco said. “We hope they’ll go beyond just the traditional fields.” Other professionals who spoke included an FBI agent, a project scientist from Pasadena’s Jet Propulsion Laboratory, physicians, an astrophysicist and more. The conference also provided girls with information on the types of classes they should be taking to improve their chances of getting into colleges. pam.wight@sgvn.com (562) 698-0955, Ext. 3029 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! • Photo Gallery: American Association of University Women WHITTIER – Destiny Garfias had planned on being an eye doctor or a lawyer. But after listening to 2nd Lt. Erin Zusy talk about handling “3 to 4 Gs” in an F-16 fighter jet, Garfias may now gear herself for more physics and engineering classes when she gets to high school. That idea would please organizers from the American Association of University Women (AAUW) who held its 14th annual Math/Science Conference for eighth-grade girls Friday at Rio Hondo College. More than 450 girls from 24 area middle schools attended the event last_img read more

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Settlement reached in Sempra suit

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan Clarkson Under the terms of the settlement, San Diego-based Sempra Energy and its two Southern California utilities denied any wrongdoing. The judge will oversee the approval process for the settlement agreement and expected distribution of the proceeds. On Oct. 30, Sempra – while denying any wrongdoing – settled with other plaintiffs, including Los Angeles County, Burbank, Culver City, Glendale, Upland, Vernon, San Bernardino County, Edgington Oil Co., Imperial Irrigation District, Worl Oil Corp., Demenno-Kerdoon and Lunday-Thaggard Co. Trial in the case began Oct. 26. “This agreement will put the major pieces of energy-crisis litigation behind us,” said Stephen L. Baum, chairman of Sempra. “Above and beyond the costs to our company, this settlement will provide substantial benefits to millions of energy consumers in California and Nevada.” A settlement was reached in a class-action suit alleging that Sempra Energy, Southern California Gas and San Diego Gas & Electric conspired to drive up natural gas prices, leading to the 2000-01 California energy crisis. The $1.885 billion agreement, believed to be the largest antitrust class-action settlement of its kind in California and U.S. history, includes claims filed against Sempra by the cities of Los Angeles and Long Beach, both of which must still approve the deal. San Diego Superior Court Judge Ronald Prager, who has been presiding over the trial in the case, told jurors Wednesday about the settlement. In addition to Los Angeles and Long Beach, the settlement agreement includes 13 million to 14 million natural gas and electricity consumers and the state of Nevada. The deal is subject to approval by the judge and the Nevada District Court for Clark County. Plaintiffs in the case alleged that senior executives from El Paso Natural Gas Corp., Southern California Gas and San Diego Gas & Electric secretly agreed in 1996 to stop competing for natural gas, ultimately causing the energy crisis. Houston-based El Paso, the largest natural gas pipeline company in the country, settled for $1.69 billion in December 2003. The lead attorney for the plaintiffs, Pierce O’Donnell, commended Sempra for resolving the matter to the benefit of California consumers. “We’re pleased that the five-year battle is over,” O’Donnell told reporters after the settlement was announced. Sempra Energy said the settlement calls for paying $377 million over eight years to representatives of natural gas and electric utility ratepayers in California, the cities of Los Angeles and Long Beach and the attorney general of the state of Nevada. Sempra also agreed to reduce by $300 million over six years the rates paid under a state power contract signed after the energy crisis, and promised to cut the price of gas provided to SoCal Gas and SDG&E from a liquefied natural gas terminal under construction in Baja California. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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MÍ NA MEALA – CAITLÍN AGUS CATHAL AR TG4 ANOCHT

first_imgIna gcónaí i Leitir Ceanainn anois, casadh Caitlín Mhic Grianna, as Gaoth Dobhair, ar Chathal Mac Grianna, as Gort a’Choirce, ag cóisir i 1977 nuair a bhí sise ag dul amach le duine éigin eile.Phós siad i Meitheamh na bliana 1980 agus chuaigh siad go dtí an Iúgslaiv ar mhí na meala.Sa chlár seo, filleann an lánúin ar ais chuig ionad mhí na meala acu agus amharcann siad dul siar ar na hathruithe, ní amháin sa tír ach ina saol féin thar na blianta. Spreagann an turas cuimhní agus súil siar ar bhóithrín na smaointe.Ar na lánúineacha a bheidh rannpháirteach sa tsraith seo, tá lánúineacha as, Cléire, Doire, An Rinn agus Áth Cliath agus iad ag triall arís ar ionaid saoire san Ostair,  sa Veinéis, sa gCroáit, sa Spáinn, i gCorn na Breataine, sa mBreatain Bheag, in Inse Gall na hAlban agus sa Daingean.Admhaíonn cuid de na daoine nach mar a shíl siad a tharla ina saol pósta – go raibh sé níos fearr agus cinnte go raibh sé difriúil.Tugann an turas an deis dóibh freisin féachaint ar an athrú atá tagtha lena linn ar nósanna pósta agus bainise agus ar institiúid an phósta féin. MÍ NA MEALA – CAITLÍN AGUS CATHAL AR TG4 ANOCHT was last modified: October 7th, 2011 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:MÍ NA MEALA – CAITLÍN AGUS CATHAL AR TG4 ANOCHTlast_img read more

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Public can learn use of computer for legal research

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LANCASTER – Legal research classes will be held monthly at the Lancaster Library, 601 W. Lancaster Blvd. The classes will be conducted from 6:30 p.m. to 7:30 p.m. May 10 and June 14. The classes will be taught by Sarah Sabasteanski, electronic services reference librarian of the Los Angeles County Law Library. The focus of each class is legal research on the computer and finding and updating case law. Participants will learn how to find cases using free Web sites and the legal database Lexis. To register, call the library at (661) 948-5029 or sign up at the library. The class is open to the public free of charge, but space is limited. There is no previous legal research experience required, but participants must know how to use a computer mouse. The Los Angeles County Law Library, coordinated by Sabasteanski, has developed a special pilot program at the Lancaster Library and the Lexis database is now available on the Lancaster Library’s Government Services Computer. The Lexis database provides only California law. To help the public become proficient with the Lexis database, the Los Angeles County Law Library is providing a series of instructional classes for the Antelope Valley community. The classes at the Lancaster Library will take place in the Anna M. Davis Room.last_img read more

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