8 days agoSheffield Utd boss Wilder challenges Henderson to build on first England call

first_imgSheffield Utd boss Wilder challenges Henderson to build on first England callby Paul Vegas8 days agoSend to a friendShare the loveSheffield United boss Chris Wilder has challenged Dean Henderson to build on his first England call-up.Wilder claimed Henderson’s call-up by Gareth Southgate was recognition of the on-loan Manchester United goalkeeper’s progress with the Blades. “He’s working extremely hard and I’m delighted he got his reward with England,” said Wilder.“It was a reward for not just a good start to his Premier League season, but his performances right the way through and for England at international level before.“The next step now is to stay in the squad and to try and make his full debut. He will only do that by playing very well for us.“He has to keep improving and taking his game to the next level, which is playing for the national side and doing very well for us.“When that happens, we will only know with time.” TagsLoan MarketAbout the authorPaul VegasShare the loveHave your saylast_img read more

Jamaica Special Economic Zone Authority Reporting Heightening Investor Interest

first_imgStory Highlights The Jamaica Special Economic Zone Authority (JSEZA) is reporting heightening investor/stakeholder interest in operating in the country’s Special Economic Zones (SEZs), which are key components of the Government’s Logistics Hub Initiative (LHI). The Jamaica Special Economic Zone Authority (JSEZA) is reporting heightening investor/stakeholder interest in operating in the country’s Special Economic Zones (SEZs), which are key components of the Government’s Logistics Hub Initiative (LHI).Chief Executive Officer (CEO) of the JSEZA, which is spearheading the Initiative’s development, Dr. Eric Deans, tells JIS News that the Authority has 31 SEZ applications for established activities such as business process outsourcing, manufacturing and logistics, pointing out that a significant number of the applicants are micro, small and medium-sized enterprises (MSMEs).“We are also seeing interest from a wide cross section of industries in new and emerging industries, particularly in the logistics and maritime sectors, which are deemed attractive to operate in Jamaica,” Dr. Dean notes.Dr. Deans points out that a JSEZA market analysis identifies pharmaceuticals; higher-end agro-processing; electronics; medical device; auto parts; and motor vehicle assembly among the diverse set of additional activities for consideration.Noting that there is local and foreign interest in pursuing activities in these new industries, he attributes this to new incentives being offered under the SEZ Act that “investors are taking advantage of”, coupled with Jamaica’s strategic location in the Caribbean.The JSEZA’s Director of Investor Relations and Communications, Kelli-Dawn Hamilton, tells JIS News that the SEZ incentive regime includes an attractive corporate income tax rate of 12.5 per cent, which she says can be further reduced to 7.75 per cent with the application of various promotional tax credits, compared to 25 per cent in the regular domestic economy.Additionally, she says SEZ companies are able to import items at the duty-free rate.Mrs. Hamilton also emphasises the importance of the Authority’s inclusion of the general economy in the engagements embarked on.“So through the regime, we have created an incentive framework that allows persons who purchase goods and services in the domestic economy to pay zero per cent general consumption tax, which is a huge win for the investor and for the local economy because it now means that it is more attractive to purchase goods locally,” she states.The Director also points out that the Authority is keen on creating linkages with domestic suppliers. As such, she says they have been advancing work to create a policy that facilitates a linkage programme, “which sees us connecting local suppliers with investors”.She further tells JIS News that the Authority is developing an MSME Policy, pointing out that the Special Economic Zone Act stipulates the development of such an instrument.“We recognise that our MSMEs are central to moving our economy… and so we must carve out a special regime for these players… and it is something that we are actively working on with a number of stakeholders,” Mrs. Hamilton says.She emphasises that the Authority is implementing a regime that is adaptable and responsive to the market, “while maintaining our role as regulators of the free zone/SEZ space”.“Our processes continue to be consultative (because) we believe that we must be listening to our clients. But we take our role as regulators very seriously, because there are certain rules that entities must adhere to. We see our SEZ brands as being flag-bearers for the country and for business in Jamaica, and we, therefore, expect that they must be operating at a certain level,” Mrs. Hamilton states.In emphasising the importance of protecting brand Jamaica, if the country’s development is to be further advanced, she says the Authority “will continue to push that and work with our stakeholders to ensure that the regime achieves its intended purpose”. Chief Executive Officer (CEO) of the JSEZA, which is spearheading the Initiative’s development, Dr. Eric Deans, tells JIS News that the Authority has 31 SEZ applications for established activities such as business process outsourcing, manufacturing and logistics, pointing out that a significant number of the applicants are micro, small and medium-sized enterprises (MSMEs). “We are also seeing interest from a wide cross section of industries in new and emerging industries, particularly in the logistics and maritime sectors, which are deemed attractive to operate in Jamaica,” Dr. Dean notes.last_img read more

Finance Minister Says Relationship with IMF Could End Sept. 2019

first_img Jamaica’s borrowing relationship with the International Monetary Fund (IMF) could end when the country’s US$1.6-billion Precautionary Stand-By Arrangement (PSBA) concludes in September 2019. Jamaica’s borrowing relationship with the International Monetary Fund (IMF) could end when the country’s US$1.6-billion Precautionary Stand-By Arrangement (PSBA) concludes in September 2019.Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Government and Fund are of the view that, barring any unforeseen circumstances, “Jamaica will be able to graduate from an IMF (borrowing arrangement) programme”.“It just requires steadfast and faithful implementation of a series of economic reforms that we have already committed to, and getting those done on time…,” the Minister said.He was speaking at Sterling Asset Management Limited’s annual investor briefing, held at the Spanish Court Hotel, New Kingston, on Thursday (June 7).Dr. Clarke said Jamaica’s progression from a standby facility, initiated in 2010, to an Extended Fund Facility (EFF) in 2013, and the PSBA in 2016, consequent on the resulting macroeconomic out-turns, is indicative of the country “taking more ownership of its economic programme”.These indicators include net international reserves totalling approximately $3.7 billion; lowering of the debt to gross domestic product ratio from a high of over 140 per cent down to under 120 per cent; and low inflation, with the out-turn at the end of the 2017/18 fiscal year coming in at approximately 3.5 per cent, which was lower than the four to six per cent projection.The Minister noted that Jamaica recorded 13 successful reviews under the EFF, which spanned two Administrations, and was brought to “early termination” in 2016, making way for the successor PSBA.He pointed out that unlike the EFF, which entailed reviews being conducted every three months, these are conducted every six months under the PSBA.“The second big difference is that under the US$932-million EFF, the funds were actually transferred into the vaults of the Bank of Jamaica. Under this (PSBA) programme, the IMF has given us a security blanket of US$1.6 billion. That money is on standby in the event that Jamaica needs it. We have now gone a year and a half into the (PSBA) and (thankfully) we haven’t had need to draw on those resources,” Dr. Clarke Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Government and Fund are of the view that, barring any unforeseen circumstances, “Jamaica will be able to graduate from an IMF (borrowing arrangement) programme”. Story Highlights “It just requires steadfast and faithful implementation of a series of economic reforms that we have already committed to, and getting those done on time…,” the Minister said.last_img read more

Aurora Cannabis plans to list on new exchange in near future

first_imgAurora Cannabis Inc. is the latest Canadian licensed marijuana producer planning to list on an international exchange.The Edmonton-base company has been looking at listing on the Nasdaq Stock Market, the New York Stock Exchange or the London Stock Exchange’s AIM, an international market for smaller, growing companies, for some time now, said Cam Battley, chief corporate officer.Aurora, which already trades on the Toronto Stock Exchange under the ticker symbol “ACB,” hopes to execute on those plans fairly soon, he said, but doesn’t have an immediate timeline.The company hs consistently taken steps to increase its shareholder audience, Battley said, so it makes perfect sense for it to look at additional international listings as it and the shareholder base expand rapidly around the world.As for whether the company could eventually list on multiple international exchanges, Battley said “let’s wait and see.”Late last month, Cronos Group Inc. became the first Canadian cannabis company to have its shares listed on the Nasdaq.It trades on the Nasdaq under the ticker symbol “CRON” and remains on the TSX Venture Exchange under the symbol “MJN.”Follow @AleksSagan on Twitter.Companies in this story: (TSX:ACB)last_img read more

Naveen Patnaik calls BJP communal party

first_imgNEW DELHI: Odisha Chief Minister Naveen Patnaik has told a television channel that he had “always considered the BJP as a communal party.” Between 1998 and 2009, his Biju Janata Dal (BJD) was an alliance partner of the BJP-led National Democratic Alliance government. “They (the BJP) were less so (communal) earlier,” Naveen Patnaik said on the previous partnership. He said he discovered the BJP’s “true colours” after communal violence erupted in Kandhamal region in 2009, over which he ended his ties with the BJP. The riots, which broke out in the aftermath of the killing of a Vishwa Hindu Parishad leader, saw local Christians being targeted by mobs. Though no longer a formal member of the NDA, the BJD has lent tacit support to the BJP-led government at the Centre and is expected to be one of the regional parties that the BJP might turn to, should it fall short of numbers.last_img read more

Algerian officer explains why he decided to seek political asylum in

first_imgRabat – On Monday we reported that an Algerian officer fled Algeria and sought Asylum in Morocco. In its edition of Thursday, the Moroccan daily Al Akhbar delivers more details about the circumstances surrounding the request made by the Algerian defector and his arrest on charges of “illegal immigration.” According to the Casablanca-based newspaper, the man known as “Farkhatou Sheikh, was arrested Friday in Morocco at the entry point of the city of Oujda. “He made a number of revelations to Moroccan investigators from the infidelity of his wife, caught in adultery with an Algerian official seconded to the presidency to his troubles with the Head of State to the Polisario and the army.” The Algerian officer, who was promoted in 2008 to the rank of colonel, “reported to the police under a false identity before saying he was an officer in the Algerian Republican Guard who fled Algeria to seek political asylum in Morocco.” According to the same source, Farkhatou Sheikh said that “the infidelity of his wife whom he discovered in the act of adultery with a with an official from the Ministry of Foreign Affairs assigned to the presidential palace “is one of the causes” of his decision to defect and flee to Morocco. “My wife has been exploited to trap the official. We divorced in 2012. I later continued to be under pressure and unfair measures by the security services of the presidency and the intelligence services,” he was quoted by the newspaper as saying. “This injustice has pushed me to hate the Algerian state and think of fleeing to Morocco, something I did via the border where I concealed my real identity,” he added. Commenting on the relations between the Algerian military and the Polisario Front, the Algerian officer said that the Algerian army constantly forms Polisario elements in aviation and artillery before they return to their bases, adding that the Polisario enjoys a privileged status from the Algerian army. He also talked about the deteriorating relations between Moroccan and Algeria, saying that the army receives instructions to be prepared for a potential military confrontation with Morocco. “Senior officers tell us to prepare ourselves, given the deterioration of relations with Morocco,” he was quoted by the same source as saying. He also spoke about the President’s deteriorating health and the military’s hold on power saying that those who hold the power are “Mohamed Tawfik, from the military intelligence, the caid Salah, Chief of Staff and Deputy Minister of Defense.”last_img read more