Prime Minister Announces Several Economic Initiatives for 2013

first_imgPrime Minister the Most Hon. Portia Simpson Miller has announced a number of economic initiatives that are scheduled to come on stream during 2013.In a national broadcast on Sunday (January 6), the Prime Minister cited the development of the Gordon Cay Container Trans-shipment Hub and the development of the Fort Augusta Container Terminal and logistics centre as two such initiatives.She informed the nation that Cabinet has also approved the establishment of an enterprise team for the privatization of the Kingston Container Terminal (KCT), which is currently owned by the Port Authority of Jamaica and is one of the region’s leading container transshipment ports. Concurrent with the development of the port is the construction of the North-South link of Highway 2000, which is being constructed by China Harbour Engineering Company at a cost of US$610 million. Mrs. Simpson Miller noted that this will create a number of jobs with major development projects along the corridor between St. Catherine and St. Ann.Mrs. Simpson Miller also announced good news for developments in tourism, stating that “there will be an injection of over US$200 million in capital expenditure with projects, including leisure hotels Riu Palace and Fiesta Phase Two, as well as Shanghai and Marriott business hotels.”The Prime Minister said that for tourism, there will be an increased thrust into the Russian and Latin American markets. The Ministry of Tourism and Entertainment has been making headway into these markets and the first nonstop service flight from Moscow to Montego began last week with the Russian airline, Transaero, making its inaugural flight to Jamaica carrying 320 passengers.Mrs. Simpson Miller asked for unity as the nation builds. “I commit to do everything to make our economy stronger,” she said.last_img read more

Pan Americas Handed Over to Its Owners

first_imgThe liquefied natural gas (LNG) carrier Pan Americas, the second one constructed for the Queensland Curtis LNG Project, was handed over to its owners.Jointly owned by Teekay LNG Partners, China LNG Shipping International, and China’s CNOOC Limited, the 174,000 cbm vessel was constructed by China’s shipbuilder Hudong-Zhonghua Shipbuilding.Following delivery, Pan Americas commenced a long-term charter contract with oil major Shell.Featuring 98,500 dwt and a length of 290 meters, the carrier was named and completed at the shipyard on January 12.The vessel is part of a batch of four LNG carriers ordered for the Queensland Curtis LNG Project in 2014.According to data provided by VesselsValue, Pan Americas has a market value of around USD 180 million.World Maritime News Staff, Image Courtesy: Teekay Corporation/Colin Bealllast_img read more

Price of gasoline in San Diego at highest since September 2015

first_img SAN DIEGO (KUSI) — The average price of a gallon of self-serve regular gasoline in San Diego County rose today to its highest amount since Sept. 4, 2015, increasing eight-tenths of a cent to $3.426.The average price has risen 23 consecutive days, increasing 21.4 cents, including one-tenth of a cent on both Monday and Tuesday, according to figures from the AAA and Oil Price Information Service.It is 4.8 cents more than one week ago, 24.4 cents higher than one month ago and 54.1 cents greater than one year ago.The average price has risen 30.4 cents since the start of the year. Posted: February 7, 2018 KUSI Newsroom, February 7, 2018 KUSI Newsroom Categories: Local San Diego News FacebookTwitter Price of gasoline in San Diego at highest since September 2015last_img read more

BSE closes points 17835 up on Feb 11

first_imgBSE closes points 178.35 up on Feb 112.2K views00:00 / 00:00- 00:00:0000:00BSE closes points 178.35 up on Feb 112.2K viewsBusinessNew Delhi, Feb 11 (ANI): Trading at the Bombay Stock Exchange today closed 178.35 points up to stand at 28,533.97. At the National Stock Exchange the Nifty closed 61.85 points up to stand at 8,627.40. FORTIS and NCC were among the top gainers of Group A with an increase of 20.00% and 19.97% along with PIPAVAV DOC and HCC with an increase of 15.96% and 11.74% respectively, while the top losers of Group A include SRF and PMCFIN with a decrease of 5.50% and 4.94% along with SADBHAV ENGINEERING LTD. and MUTHOOT FINANCE LTD. with a decrease of 4.63% and 3.04% at the close of the markets. The Auto sector is up 152.22 points at 19,097.69 while the banking sector is up 225.47 points at 21,689.54 and the reality sector is up 12.80 points at 1,715.53. The Indian currency is up 0.08% at Rs 62.23 per dollar.Ventuno Web Player 4.50New Delhi, Feb 11 (ANI): Trading at the Bombay Stock Exchange today closed 178.35 points up to stand at 28,533.97. At the National Stock Exchange the Nifty closed 61.85 points up to stand at 8,627.40. FORTIS and NCC were among the top gainers of Group A with an increase of 20.00% and 19.97% along with PIPAVAV DOC and HCC with an increase of 15.96% and 11.74% respectively, while the top losers of Group A include SRF and PMCFIN with a decrease of 5.50% and 4.94% along with SADBHAV ENGINEERING LTD. and MUTHOOT FINANCE LTD. with a decrease of 4.63% and 3.04% at the close of the markets. The Auto sector is up 152.22 points at 19,097.69 while the banking sector is up 225.47 points at 21,689.54 and the reality sector is up 12.80 points at 1,715.53. The Indian currency is up 0.08% at Rs 62.23 per dollar.last_img read more

Public trust on EC on the wane Shujan

first_imgCivil society platform Shushashoner Jonno Nagorik (Shujan) president Hafiz Uddin Khan addresses a press conference at the National Press Club on Wednesday. Photo: UNBMore than 52 per cent of the total 548 candidates, who are vying for mayor and ward councillor posts in the upcoming polls to three city corporations, are businessmen by profession, reports UNB.While addressing a press conference at the National Press Club organised to share the affidavits of candidates contesting in the upcoming city polls, civil society platform Shushashoner Jonno Nagorik (Shujan) said this on Wednesday.Presenting a report, Shujan representative Dilip Kumar Sarkar also said at least 43 per cent of the candidates taking part in the three elections have educational background below the secondary level.Elections to three city corporations in Sylhet, Barishal and Rajshahi are billed for 30 July.Dilip also presented the information of the candidates’ income status, picture of their assets, number of cases against them, their loan status and description and assessment of financial status of all mayoral candidates in the press conference.Local government expert Tofayel Ahmed said the EC did not properly check the information provided by the candidates in their affidavits and he urged that the EC must verify the information appropriately.Shujan said the election commission (EC) has lost the credibility, which was earlier gained through successful holding of polls in Narayanganj, Cumilla and Rangpur cities.The civil rights body said EC could not take any clear step to prevent several incidents of electoral code of conduct violations already taken place centring the upcoming city polls.That’s why, Shujan observed, public trust on EC is eroding.Mentioning the incidents of bomb blast in Rajshahi, filing of cases against the activists of BNP mayoral candidate in Sylhet and arrests of several persons, Shujan said these incidents are making people worried and concerned about the fairness of the election.Dilip Kumar Sarkar said, “Before the national parliament election these city polls are the biggest ones organised by the EC and if the EC fails to arrange elections in a free and fair way, it will give a negative impression about EC among the public.”Presiding over the programme, Shujan president Hafiz Uddin Khan alleged, “EC failed to ensure a level playing field for the each contesting candidates in these cities, which makes us concerned about the fairness of the elections.”last_img read more

Houston City Council Approves Funding For Buyouts Of Homes That Flooded In

first_imgAlvaro ‘Al’ Ortiz/Houston Public MediaThe Houston City Council has approved an agreement with Harris County that will allow its Flood Control District to buy out several houses that got flooded during the Memorial Day flood of 2015.The Houston City Council approved Wednesday an agreement with the Harris County Flood Control District to provide it with up to $10.6 million in federal funding it has at its disposal so that the District buys out about 57 houses that were flooded during the Memorial Day flood of 2015.The homes are located in the neighborhoods of Braeburn Glen, Glenburnie and Cashiola, and Langwood.According to the City, these neighborhoods are low and moderate-income areas.The buyouts will be voluntary and, after the houses are demolished or removed, the properties could be repurposed as parks, gardens and playing fields.Additionally, the goal of the buyouts is to restore the floodplains to their natural function for stormwater storage.Houston Mayor Sylvester Turner talked about the agreement with the County after the City Council’s meeting and said that “there are thousands more homes that are subject to buyouts.”“We need to do it, handle it,” added Turner “in a very strategic fashion, and we need to kind of factor in all of the strategies that will be required to make the city more resilient.” Sharelast_img read more