London Stock Exchange Group profits rise and on course to complete Frank Russell acquisition in weeks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Share London Stock Exchange Group profits rise and on course to complete Frank Russell acquisition in weeks Tags: NULL Guy Bentley Thursday 13 November 2014 5:36 am whatsappcenter_img whatsapp Show Comments ▼ More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org London Stock Exchange (LSE) Group has reported a pre-tax profit of £136.8m for the half-year ended 30 September, up from £116m the same time last year.The FTSE 100 company enjoyed an 18 per cent rise in revenue to £592.6m, with growth across all of the Group’s business areas. The LSE said it had continued to benefit from  diversification across businesses and markets. The company’s interim dividend was hiked 4.3 per cent to 9.7p per share and is on course to finish the acquisition of Frank Russell Company before the end of the year.After deal is wrapped up, the US market should account roughly a third of LSE’s revenues.Commenting on performance of the group, Xavier Rolet, chief executive said:We have produced a strong set of first half results, with revenue up 18 per cent, reflecting increases across each of our business areas.  In particular, our Capital Markets division delivered good growth in both primary and secondary market activities, FTSE revenues grew 10 per cent and LCH.Clearnet also performed well with increases in OTC and listed product clearing revenues.In August LSE unveiled new board member Sharon Bowles, who joined the company as non-executive director. LSE said Bowles, a former member of the European parliament who served on the economic and monetary affairs committee, would bring “extensive knowledge of European and regulatory trends” to the board. last_img read more

Mural celebrating history of Laois set to be unveiled this week

first_imgSEE ALSO – In Pictures: Portlaoise Panto Opening Night goes down a storm Pinterest The Coordinator of the Laois Creative Ireland programme, Arts Officer, Muireann Ní Chonaill, contacted Edel Tobin, Founder of The Waterford Walls Project in to discuss recruiting a suitable mural artist. Laois secondary school announces scholarship winners for new academic year The impetus for the project came from the late councillor Jerry Lodge and the Portlaoise Tidy Town Committee. By Siun Lennon – 23rd January 2019 WhatsApp Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ “We wanted to use this mural as an opportunity to commemorate the people the Fort was built to keep out – the Gaelic tribes led by the O’Moores. This follows on from conservation works to the graveyard started in 2017, and aiming to open it to the public as a “pocket park”. Coordinator of the Creative Ireland programme , Muireann Ní Chonaill added, “It is hoped  that further projects to enhance streets in towns and villages throughout the county will  take place with help from the Creative Ireland programme.” Heritage Officer with Laois County Council Catherine Casey said “There has been a lot of focus on Fort Protector in recent years, and we are delighted with that. Council New Arles road opens but disquiet over who was invited to official opening “The location of Old St Peter’s – just outside the walls of the Fort – makes it a perfect place to remember the people outside the walls.“We’re grateful to Creative Ireland for their support for the project, and also to the Heritage Council, whose ongoing support for Old St Peter’s has been crucial over the past number of years”. Community Great excitement today as the team started preparatory work on the mural being installed at Old St Peters graveyard in Portlaoise.As part of a Creative Ireland Laoisfunded project, we are working with Waterford Walls artist Shane Sutton Art and students from Dunamase College to design and install a mural to cover the modern wall (and air conditioning units!) with imagery that will reflect the rich heritage of Portlaoise.The whole project is being carefully monitored and recorded by Archaeologist Colm Flynn, seen in the video supervising the arrival of the mobile work platform that Shane will use to access the high parts of the wall.We are grateful to CreativeIrl Laois Arts Waterford Walls, Portlaoise Tidy Towns Dunamase College and the owners of the building (it’s the back of the social welfare office) for all their help with this exciting project.Watch this space!Posted by Laois Heritage Forum on Monday, January 21, 2019 “But the fabric of the Fort, built by the English planters, is just one part of the origin story of Portlaoise. Home News Community Mural celebrating history of Laois set to be unveiled this week NewsCommunitycenter_img TAGSOld St Peter’s GraveyardPortlaoise The project is a part of the Creative Ireland Laois programme, which was developed in partnership with the Arts Office, Heritage Office and students at Coláiste Dhún Mas. A shortlist was made from a selection of leading mural artists and the successful artist appointed was Shane Sutton.  Work commenced on the sketches for the wall in the graveyard in November and the project commenced in January. It will be completed for all the see by the end of this week. Twitter Mural celebrating history of Laois set to be unveiled this week Twitter Previous articleDeaths in Laois – Wednesday, January 23, 2019Next articlePaddy Purcell speaks on enjoyment coming back into Laois hurling and fulfilling potential Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Pinterest WhatsApp RELATED ARTICLESMORE FROM AUTHOR A mural is set to be designed and installed at the Old St Peter’s Graveyard, Railway Street, Portlaoise. This project endeavours to inspire interest in the heritage and archaeology of the town and county for the next generation. It is part of the greater Fort Protector project and rejuvenation of the central of the town. Facebook Community Facebook Old St Peter’s is included in the recently announced Urban Regeneration funding for the historic core of Portlaoise. The mural depicts Rory Óg O Moore and his wife Margaret O’Byrne (of the famed O’Byrne Clan of Wicklow).  The iconic Laois site the Rock of Dunamase, is in the background. Wolves and wolfhounds are also featured in the mural.last_img read more

FINRA sanctions Charles Schwab US$2 million

first_img The U.S. Financial Industry Regulatory Authority (FINRA) announced on Monday that has censured and fined Charles Schwab & Co. Inc. US$2 million for three capital deficiencies that occurred last year and for related supervisory failures that allowed those deficiencies to occur. Although the firm agreed to settle the allegations, neither admitting nor denying the charges, it consented to FINRA’s findings. The self-regulatory organization reports that its investigation found that on three occasions between May 15, 2014 and July 1, 2014, Charles Schwab was net capital deficient by amounts of up to US$775 million. James Langton “The deficiencies arose because on each of those dates, Schwab had inflows of cash that exceeded the amounts it could invest with existing facilities, so, instead, Schwab transferred $1 billion to its parent company for overnight investment,” FINRA’s announcement notes. “[Charles] Schwab’s treasury group approved the $1 billion transfer as an unsecured loan under a revolving loan agreement without consulting its regulatory reporting group as to how these transfers would impact the firm’s net capital position.” Charles Schwab did not have procedures in place that would require its treasury department to consult with its regulatory reporting group regarding the potential effect of the moves on its capital position, FINRA’s announcement says, nor were the firm’s supervisory systems designed to prevent the sorts of transfers with affiliates that could result in a net capital deficiency. “Communication between risk functions within a firm is essential,” says Brad Bennett, executive vice president and chief of enforcement at FINRA, in a statement. “In this case, [Charles] Schwab failed to co-ordinate across its various business units, which ultimately led to the firm’s net capital deficiencies. Maintaining adequate net capital is critical to the protection of customer assets.” PwC alleges deleted emails, unusual transactions in Bridging Finance case Related news Facebook LinkedIn Twittercenter_img BFI investors plead for firm’s sale Keywords EnforcementCompanies Financial Industry Regulatory Authority Share this article and your comments with peers on social media Mouth mechanic turned market manipulatorlast_img read more

Some 200 Women Participate in Gender Equality Workshop

first_imgRelatedSome 200 Women Participate in Gender Equality Workshop RelatedSome 200 Women Participate in Gender Equality Workshop RelatedSome 200 Women Participate in Gender Equality Workshop Some 200 Women Participate in Gender Equality Workshop UncategorizedNovember 22, 2006center_img FacebookTwitterWhatsAppEmail A national consultation on gender equality and women’s empowerment was convened at the Stella Marris Pastoral Centre in Kingston today (November 22).The consultation, which took the form of a workshop brought together some 200 women from various women’s groups from across the island, to discuss issues that were affecting them and find solutions to the problems that were identified.Dr. Glenda Simms, Advisor to the Prime Minister on Gender Issues and Women Affairs, told JIS News that she was very pleased with the number of women who attended the meeting.“This is an excellent turn out. and this is not just a consultation for talking but it is also action-oriented as.we will look at solutions that can be implemented right away. They (participants) are going to be asked to establish a time frame to address these problems,” she said.Dr. Simms informed that the theme ‘Gender Equality and Women’s Empowerment’ was very relevant to the Jamaican society “because without gender equality we cannot have the full development of women and the country on a whole. Gender equality and women empowerment is a pre-requisite to true development.women must be empowered to take their rightful place in the society”.Meanwhile, Professor Barbara Bailey, Director of the Centre for Gender and Development Studies at the University of the West Indies, noted that this meeting was one of the many efforts to promote gender equality and the empowerment of women in the country.She pointed out that Caribbean Community (CARICOM) member states had already identified five strategic areas that should be addressed to attain gender equality and gender equity. The five main areas, include: education, poverty and economy, violence against women and children, sexual and reproductive health, power, and decision-making.In addition, Professor Bailey cited the Gender Advisory Committee that was established in 2004 to promote gender mainstreaming in national development plans, policies and programmes in order to reduce gender inequality and gender inequity in Jamaica.She informed that the suggestions from this consultation were expected to be incorporated into a National Gender Policy. “This policy is intended to be an integrated multi-sectoral strategy for main streaming gender into all areas of our lives and works as a nation,” she said. Advertisementslast_img read more

Jet Blue Starts Orlando-Mobay Flights

first_imgRelatedJet Blue Starts Orlando-Mobay Flights Advertisements FacebookTwitterWhatsAppEmail Jamaica’s tourism industry continues to demonstrate positive outlook in the country’s economy, with Jet Blue’s inaugural flight from Orlando, Florida to the Sangster International Airport, Montego Bay, Monday (February 8) with 65 passengers on board.This flight marked the beginning of a daily non-stop flight from the busy and lucrative tropical Orlando/Miami area to Jamaica’s tourist capital, Montego Bay, by way of a Jet Blue100-seater aircraft. This increases to four the number of flights being operated by the carrier between the USA and Jamaica.Jamaica Tourist Board (JTB) Regional Director, Rose-Marie Johnson, said that the flight symbolized a very strong show of confidence in destination Jamaica by Jet Blue Airlines.“Today is a very upbeat day for Jamaica’s tourism. It is a very good show of confidence in the destination, in the fact that Jet Blue has launched another service into Jamaica. That means that the confidence in the destination is very high and we are very appreciative of Jet Blue, our strategic partner,” Ms. Johnson told JIS News.Regional Director of the Jamaica Tourist Board (JTB), Rose-Marie Johnson (left), presents a gift package to Captain Kenneth Schulte of Jet Blue’s inaugural E190 flight from Orlando, Florida, USA after it landed at the Sangster International Airport in Montego Bay Monday (February 8). There were 65 passengers on board the 100-seater aircraft.She said it was very important to have these airlifts into Montego Bay for it to be successful.“I would say that they have certainly helped in the success we are experiencing just now,” she noted.She hinted that current successes were set to be multiplied when three new destinations are launched on Thursday.Manager of Jet Blue Caribbean and Latin American operations, Chad Meyerson, told JIS News that Montego Bay and Jamaica’s air travel have been ‘incredibly successful’ for the organization, and are the most successful in Jet Blue’s history.Regional Director of the Jamaica Tourist Board (JTB), Rose-Marie Johnson (centre), being assisted in cutting the celebration cake by Captain Kenneth Schulte of Jet Blue Airlines after its inaugural flight from Orlando landed at the Sangster International Airport, Montego Bay on Monday (February 8) with 65 passengers on board.He said that Jet Blue was always looking for destinations customers want to travel to, and where the airline feels it offers a superior product to serve its customer-base.“Honestly, Montego Bay and the entire island of Jamaica is a destination that has been requested by Jet Blue for many years, and everything came together last year,” he said.“We have since seen such a great response in this market, and that has to do with not only the USA customers loving this as a vacation destination, but also the Diaspora from the United States coming back to visit and participate in the events here on the island,” Mr. Meyerson told JIS News.He reiterated that the airline started with just one flight to Jamaica, which has since been increased to four.“We are now going to focus on nurturing and cultivating these markets, getting them built up and making sure that the awareness is there, not only in the US markets, but for Jamaicans here who want to go New York, Orlando or Boston,” Mr. Meyerson told JIS News. RelatedJet Blue Starts Orlando-Mobay Flightscenter_img RelatedJet Blue Starts Orlando-Mobay Flights Jet Blue Starts Orlando-Mobay Flights TourismFebruary 8, 2010last_img read more

Sealing commenced on Towamba and Burragate roads: Bega Valley

first_imgSealing commenced on Towamba and Burragate roads: Bega Valley Upgrading and sealing works on the Burragate RoadThe upgrade and sealing of the Towamba and Burragate roads is progressing well, with the first coating of stone and bitumen currently being laid.“We are upgrading and sealing the roads in stages to minimise the disruption to residents throughout the construction period,” Projects Services Manager, Daniel Djikic said.“At the moment we’re working on the unsealed sections between Towamba and Burragate, and Burragate to Mount Darragh Road.“While this first layer of bitumen and stone might look like the finished product, there are another two layers to be applied in the coming months.“Road users need to understand the first seal is still very much a construction site, with loose stones, so they need to drive to the conditions.”The total length of the two roads is 47.4km, of which 25km was unsealed; 20.4km on Towamba Road and 4.6km on Burragate Road.“The full scope of the project includes road alignment improvements, pavement strengthening, bitumen sealing, roadside clearance, drainage upgrades, signage and guardrails,” Mr Djikic said.“The Towamba Road has a number of sharp bends which are being realigned and some sections of the roads are being widened.“Overall safety will be greatly improved for the 121 property owners and other road users, including school buses, particularly during adverse weather conditions.”Member for Bega Andrew Constance said this road sealing project will be life changing for Towamba and Burragate residents.“I am so pleased that the works are finally underway following $10 million being secured from the NSW Government for the project, highlighting our commitment to safe local, rural and regional roads,” Mr Constance said.“Having listened to the community, we knew there was a real concern regarding the current state of Towamba and Burragate roads, and I’m glad we are now delivering these vital safety upgrades that will make life easier for local families.“No longer will cars be subjected to damage from rough roads and resident’s fears about emergency services or allied health services not being able to access them in adverse conditions will be alleviated when the works are completed.“This will be a great result for the community and one I am pleased to have been able to deliver with council for the betterment of all residents and road users.”Current traffic controls will remain in place for the duration of the project. Travellers are advised to drive safely, follow traffic management signage and speed limits. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Bega, Bega Valley Shire Council, community, council, Emergency, Emergency Services, Government, health services, local council, NSW, project, property, Safety, school, weatherlast_img read more

Murwillumbah auditorium upgrade gets thumbs up from community

first_imgMurwillumbah auditorium upgrade gets thumbs up from community Tweed Shire CouncilCouncil project manager Evonne Schaffer shows off some of the new changes at the Murwillumbah Civic Centre Auditorium to community members.Dianne Robinson (Murwillumbah Theatre Company), Yolanda Skye (Elastic Bandz) and Nick Moran (Murwillumbah and District Business Chamber) inspect the changes at the auditorium.Venue manager Colin Elliott and Andrew Illingworth, Council’s Acting Manager Tweed Holiday Parks and Cultural Facilities, inspect the new stage.Upgrade works at the Murwillumbah Civic Centre Auditorium have received a tick of approval from the community, as the project moves into its final phase.The auditorium was closed to the public in January last year to make way for refurbishment to parts of the facility. It is now expected to be completed and re-open to the public by late April 2021.Initially expected to take four months to complete, the project was delayed by the onset of COVID-19 as well as the discovery of more asbestos and structural roof damage than anticipated.The expanded scope pushed the total project cost to $2.3 million under a package jointly funded by Council and the NSW Government’s Regional Cultural Fund.Officially opened by then Prime Minister Gough Whitlam in 1975, current Mayor of Tweed Cr Chris Cherry said she was looking forward to the opening of the newly-refurbished facility.“Council has done a great job in listening to the community and incorporating as many of the enhancements they requested as possible into the final design,” Cr Cherry said.“When the upgrade works are completed, we will have a state-of-the-art venue which brings the auditorium up to modern standards for accessibility, energy efficiency and functionality.“This will be an incredible asset for the Tweed community now and into the future and is expected to be a drawcard for major events across the region, providing an economic boost for our Shire.”The refurbishment includes:technical upgrades to theatre equipment, such as lighting and sound, including intelligent lighting, top-of-the-range projector equipment, electric stage hoists and revamped curtainsremodelling of the foyer and provision of accessible toiletsnew ticket office cedar timber finishingremoval of asbestosaccessible access to stage and backstage areas, andbackstage upgrade.Community members who regularly use the auditorium to stage productions from dance recitals to business awards and theatre productions, were impressed by the works during a recent sneak-peak tour of the facility.Colin Elliott, contracted to manage Council’s auditoria for the past seven years, congratulated the project team for incorporating community requests into the final design.“People don’t realise what a great facility we have here,” he said.“This is a top facility, the people who first built this theatre in the 1970s were visionary and did a great job.”Murwillumbah Theatre Company president Dianne Robinson – whose group is expected to stage their latest production ‘Keeping up Appearances’ in the newly revamped facility in May – was excited by the upgrade.“It’s got everything we’ve always wanted, right down to the kitchen sink,” she said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Accessibility, asbestos, business, community, covid-19, Discovery, efficiency, Electric, energy efficiency, Government, local council, Minister, Murwillumbah, NSW, President, Prime Minister, production, Tweed Shirelast_img read more

Canada and Ontario invest in more accessible recreation and transit infrastructure

first_imgCanada and Ontario invest in more accessible recreation and transit infrastructure From: Infrastructure CanadaToday, the Honourable Catherine McKenna, Canada’s Minister of Infrastructure and Communities; the Honourable Laurie Scott, Ontario’s Minister of Infrastructure and Member of Provincial Parliament for Haliburton-Kawartha Lakes-Brock; Daryl Kramp, Member of Provincial Parliament for Hastings-Lennox and Addington; His Worship Tom Deline, Mayor of the Municipality of Centre Hastings; and David Gerow, Chair of the Eastern Ontario Trails Alliance, announced joint funding for six community and culture infrastructure projects and one public transit project in the Counties of Hastings and Lennox and Addington.Today, the Honourable Catherine McKenna, Canada’s Minister of Infrastructure and Communities; the Honourable Laurie Scott, Ontario’s Minister of Infrastructure and Member of Provincial Parliament for Haliburton-Kawartha Lakes-Brock; Daryl Kramp, Member of Provincial Parliament for Hastings-Lennox and Addington; His Worship Tom Deline, Mayor of the Municipality of Centre Hastings; and David Gerow, Chair of the Eastern Ontario Trails Alliance, announced joint funding for six community and culture infrastructure projects and one public transit project in the Counties of Hastings and Lennox and Addington.The Government of Canada is investing more than $2.6 million toward these projects, with the Government of Ontario providing over $2.2 million through the Community, Culture and Recreation Infrastructure Stream and the Public Transit Infrastructure Stream of the Investing in Canada plan. The recipients are contributing more than $1.6 million total toward their respective projects.The first two projects involve the revitalization of a recreational trail in Centre Hastings and a 550 kilometre trail network managed by the Eastern Ontario Trails Alliance. In Centre Hastings, the existing Moira Lake Trail Bridge will be replaced with a new bridge with new retaining structures, restoring continued access to the trail for its more than 5,500 users. The Eastern Ontario Trails Alliance Trail Network Revitalization Project will repair 21 bridge structures along the Hastings Heritage Trail and repair various sections of the trail by resurfacing and regrading them.Funding will also support two projects in the Town of Deseronto. Improvements to the Deseronto Community Centre include a new roof, HVAC system and the creation of an outdoor sports pad for multi-use recreation. Transit users in Deseronto will also benefit from the purchase of new accessible transit buses, new bus shelters and other safety improvements.The Municipality of Marmora and Lake will see improvements to the Legion Park softball diamond; the Township of Stone Mills will replace the arena floor and in-floor refrigeration piping in the Stone Mills Recreation Centre; and the Kiwanis Club of Tweed will rehabilitate the Tweed Kiwanis Memorial Park to make it more accessible for all users.All orders of government continue to work together for the people of Ontario to make strategic infrastructure investments in communities across the province when they are needed most.Quotes“Recreational spaces are at the heart of communities where people want to live, work and raise a family. Federal support of $2.6 million to make improvements to public spaces in Hastings County, from 550km of trail in Eastern Ontario to the Kiwanis Memorial Park in Tweed will provide more opportunities for families and residents to enjoy their communities for years to come. This funding will also see the purchase of accessible buses and shelters in Deseronto, helping residents get around in safe and affordable ways. Canada’s infrastructure plan invests in thousands of projects, creates jobs across the country, and builds cleaner, more inclusive communities.”The Honourable Catherine McKenna, Federal Minister of Infrastructure and Communities“These projects across Hastings-Lennox and Addington are protecting peoples’ health and our economy. Ontario is taking action to provide over $2.2 million dollars for these important Investing in Canada Infrastructure Program (ICIP) projects that will go along way to improving local community infrastructure.”The Honourable Laurie Scott, Ontario’s Minister of Infrastructure and Member of Provincial Parliament for Haliburton-Kawartha Lakes-Brock“We have listened and advocated for these three-partner projects since the Province approved and recommended the municipal applications. We are pleased that all levels of government are now on board and work will soon commence across our counties of Hastings and Lennox and Addington for these much-needed projects.”Daryl Kramp, Member of Provincial Parliament for Hastings-Lennox and Addington“We are so grateful that this project will be moving forward. This has been a priority project for our community and all partners. This trail bridge is such an important juncture that connects our community to other local trails. Our local economy and businesses will certainly see the benefits of this project.”His Worship Tom Deline, Mayor of the Municipality of Centre Hastings“I am so pleased that this funding is supporting the EOTA. It is very much appreciated. This partnership will assist EOTA to make the necessary improvements to the trails so we can continue to provide a safe multi use trail network and promote healthy lifestyles for all its users while promoting tourism and job creation.”David Gerow, Chair of the Eastern Ontario Trails AllianceQuick factsUnder the Investing in Canada plan, the federal government is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.Across Ontario, the Government of Canada has invested more than $8.3 billion in over 2,860 infrastructure projects.Over the next 10 years, the Government of Ontario is investing approximately $320 million across the province, and the federal government is investing approximately $407 million in Ontario under the Community, Culture and Recreation Infrastructure Stream of the Investing in Canada Infrastructure Program. This stream supports the construction of new facilities and upgrades to existing facilities that improve community infrastructure (e.g. community centres, libraries), and support upgrades to recreational venues (e.g. arenas, recreational spaces) and cultural spaces (e.g. theatres, museums).Ontario is investing over $10.2 billion under the Investing in Canada Infrastructure Program to support public transit; community, culture and recreation; green; rural and northern and other priority infrastructure projects. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Addington, Canada, community, culture, Eastern, Federal, federal government, Government, Hastings, infrastructure, Minister, Moira, parliament, project, purchase, tourismlast_img read more

Logistics Hub Could Have Big Impact on GDP – Hylton

first_imgLogistics Hub Could Have Big Impact on GDP – Hylton CommerceSeptember 27, 2012 Advertisements RelatedLogistics Hub Could Have Big Impact on GDP – Hylton Story HighlightsIndustry, Investment and Commerce Minister, Hon. Anthony Hylton, says the Global Logistics Hub could add 17 per cent growth to Jamaica’s Gross Domestic Product (GDP) over six to eight years.The figures, Mr. Hylton said, were baseline estimates provided by the Planning Institute of Jamaica (PIOJ).The Minister was briefing senior journalists on the global logistics hub, at a breakfast meeting at the Ministry, on September 25. Industry, Investment and Commerce Minister, Hon. Anthony Hylton, says the Global Logistics Hub could add 17 per cent growth to Jamaica’s Gross Domestic Product (GDP) over six to eight years.The figures, Mr. Hylton said, were baseline estimates provided by the Planning Institute of Jamaica (PIOJ).The Minister was briefing senior journalists on the global logistics hub, at a breakfast meeting at the Ministry, on September 25.Chairman of the Logistics and Investment Task Force, Dr. Eric Deans, said that with Cabinet approving the logistics hub, which has been highlighted in Vision 2030 and in the 2009-2012 Medium Term Socio-economic Framework, “we now have a clear strategic direction in which to transform the economy.”Vision 2030 Jamaica is the country’s first long-term national development plan, which aims at enabling Jamaica to achieve developed country status by 2030.  It is based on a comprehensive vision: “Jamaica, the place of choice to live, work, raise families and do business.”The Task Force will be required to implement the government’s Logistics Hub policy and guide the project’s development.Emphasising the potential of the Logistics Hub, Dr. Deans pointed out that Jamaica sits in the middle of an 800-million person market, including the United States and Brazil, which can be accessed easily from the island.“The trade opportunities are about to expand exponentially with the expansion of the Panama Canal, and also with the 2014 (FIFA) World Cup being held in Brazil and the Summer Olympics in 2016. There is a stimulus package of $880 billion by the Brazilian government to improve their infrastructure, which will result in quite a lot of movement of goods which we can tap into,” he noted.He explained that even without this stimulus, there is some $26 billion worth of logistics related activity that flows by Jamaica.Dr. Deans added that Jamaica’s geographic location means that it can reach anywhere in Latin America and North America within 4-6 hours, which is important for perishable goods and high value cargo relying on air transport.“From a maritime perspective, we can reach all the destinations in two to three days. What that does is, it opens up the 600,000 manufacturers in China and the others in the Asia Pacific region to the Jamaican market in a very short and efficient way,” he said.He noted that a critical aspect of implementing the Logistics Hub is broadening the Public-Private Partnership, especially in investment and financing.“What this project is about is creating economic prosperity and using the logistics hub as the driver. But, this will require quite a lot of co-ordination because our existing facilities need some amount of upgrading to improve their performance and it will also require, very critically, broadening the private sector participation,” Dr. Deans said.“Our objective is not just to stimulate growth in the economy but to totally transform the Jamaican economy,” he said.Dr. Deans noted that currently,  the country’s  logistics capabilities are below par as Jamaica ranks 124 out of 155 on the Logistics Performance Index.He outlined a number of tasks which needed to be done to address this, including the urgent upgrade of the island’s logistics capabilities and rehabilitation of existing facilities, which represent phases one and two of the project; enticing transnational corporations needing seamless supply chain integration to base their Latin American and Caribbean logistics centres in Jamaica; and developing new infrastructure.center_img RelatedLogistics Hub Could Have Big Impact on GDP – Hylton FacebookTwitterWhatsAppEmail RelatedLogistics Hub Could Have Big Impact on GDP – Hyltonlast_img read more

Telia completes Eurasia exit with KCell sale

first_img Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 12 DEC 2018 Related Previous ArticleGSMA estimates mmWave worth at $565BNext ArticleSmartphone market set for recovery after weak 2018 Telia targets cost cuts with new enterprise IoT play Kavit Majithia Tags Home Telia completes Eurasia exit with KCell sale Telia reveals revamp to boost infrastructure assets Kazakhstan state-controlled operator Kazakhtelecom agreed a deal to acquire a 75 per cent stake in KCell from Telia and Turkcell for $446 million.In a statement, Telia said it will sell its 24 per cent holding in the company, as well as a 51 per cent stake it owns with Turkcell through Fintur Holdings. The $446 value implies an enterprise value of $771 million for a 100 per cent stake in KCell, on a cash and debt-free basis.ExitThe deal to sell KCell is particularly significant for Telia, as it continues its efforts to sell assets outside of its core Nordic and Baltic markets, a strategy announced in 2015.CEO and president Johan Dennelind said the KCell agreement means Telia had, in all material aspects, completed “the journey of exiting Eurasia”.“It has been a complex process with many interests and considerations, but we are now pleased with the completion of this process,” he added.Kazakhtelecom and Telia held negotations about a deal for KCell earlier in the year, but discussions broke down in September after they failed to agree on a price.The KCell sale is expected to be completed later this month. It has already been approved by the anti-monopoly authority in Kazakhstan.In a separate deal, Telia added it had signed an agreement to acquire Turkcell’s 41.45 per cent share in Fintur Holdings to become the sole shareholder, allowing it to repatriate cash from the holding company. Subscribe to our daily newsletter Back KcellTeliaTurkcell Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Telia claims positive start to strategy revamplast_img read more