Prime Minister Calls for More Support of MSMEs

first_imgStory Highlights “There is great liquidity in the system to invest. But sometimes it is also lack of information… about the quality (and) value of, for example, working capital. They do, however, have more information and well developed polices and regulations around motor vehicle ownership, which may explain why banks are more willing to take the risk on the consumer asset than on a commercial asset, such as working capital,” the Prime Minister said. Prime Minister, the Most Hon. Andrew Holness, says private financial institutions should provide more support for business development, particularly micro, small and medium-size enterprises (MSMEs). Mr. Holness’ comments come against the background of what he says is the seeming reluctance by some banks to provide access to credit and other resources for businesses which “are good (entities) in and of themselves.” Prime Minister, the Most Hon. Andrew Holness, says private financial institutions should provide more support for business development, particularly micro, small and medium-size enterprises (MSMEs).Mr. Holness’ comments come against the background of what he says is the seeming reluctance by some banks to provide access to credit and other resources for businesses which “are good (entities) in and of themselves.”“There is great liquidity in the system to invest. But sometimes it is also lack of information… about the quality (and) value of, for example, working capital. They do, however, have more information and well developed polices and regulations around motor vehicle ownership, which may explain why banks are more willing to take the risk on the consumer asset than on a commercial asset, such as working capital,” the Prime Minister said.He was speaking at Friday’s (April 27) closing ceremony for the Development Bank of Jamaica (DBJ) Innovation Grant from New Ideas to Entrepreneurship (IGNITE) Programme pilot, at the Spanish Court Hotel, in New Kingston.Mr. Holness pointed out that as a result of Government polices now in place, there has been an increase in financial institutions’ support for business development.“We are seeing a greater trend of banks supporting businesses. Commercial and industrial lending is increasing at a noticeably significant rate, and I am very happy for that,” he said, citing this as pivotal to spurring economic growth.The Prime Minister contended, however, that for sustainable growth to occur, “lending has to (further) increase to the medium-size, small and micro enterprises, in particular.”“One of the things that we have to do is to support informal businesses in becoming formalized (by helping them) to develop business plans and getting regularized with, for example, the tax authorities,” he said.Mr. Holness said doing so will bridge the information gap on businesses encountered by financial institutions in several instances, “because for banks to take the risk on your business, they need to know about you.”“When you are formalized, when you are registered and compliant, then banks are able to better assess the risk that they are taking,” he said.Mr. Holness emphasised that the key to generating economic growth is channelling support for the private sector.“The engine of growth is the private sector. But when we say private sector, we tend to believe that the private sector is only (the) big businesses. The truth is that the private sector is really the micro, small and medium-sized enterprises. They drive growth,” he added.The DBJ, through IGNITE, enables Jamaican entrepreneurs, particularly MSMEs with innovative business ideas, to access grant funds to develop and commercialize their products and services.The bank provided funding of between $1 million and $4 million to 27 entrepreneurs under IGNITE’s 18-month pilot phase, for which $75 million was budgeted.Phase two was also launched at the ceremony.last_img read more

Shaqiri Friends blame me for Mourinhos sacking

Shaqiri Friends blame me for Mourinhos sacking

first_imgLiverpool midfielder Xherdan Shaqiri has revealed some of his friends are blaming him for Jose Mourinho’s sacking after his brace against Manchester United last weekendThe Switzerland international came on in the 70th-minute in Sunday’s clash at Anfield and put Liverpool ahead just three minutes later.Shaqiri then added another shortly afterwards to seal a stunning 3-1 win for Liverpool.But, for Mourinho, the result proved to be the final blow of his United career with the Portuguese coach being dismissed on Tuesday.“I had a lot of messages from my friends when it happened,” Shaqiri told The Guardian.divock origi, liverpoolReport: Origi cause Klopp injury concerns George Patchias – September 14, 2019 Divock Origi injury in today’s game against Newcastle is a cause for concern for Jurgen Klopp.Perhaps with one eye on Tuesday’s trip to Italy…“There were a lot of good messages about the United game at first and then, when the news came out about Mourinho, I had messages saying: ‘That’s your fault!’ But this is football sometimes.“I don’t think it was just because we won that game that United wanted to change their manager.“There were other reasons but it means the game goes down in history. It will always be in my history too.”Ole Gunnar Solskjaer has been confirmed as interim manager at United for the rest of the season.Premier League leaders Liverpool will take on Wolves away tonight with kick-off set for 21:00 (CET).last_img read more

Setting the Ground Rules for Lead Generation

first_img“We don’t want to get into the discussion with the exhibitor of, ‘OK, we had 800 folks come to our booth, but a lot of these guys wanted free t-shirts, how do you qualify them?’” Schlett says. “We don’t want to start discounting because of it. Someone like Pierce Fire Truck Co. knows how to follow through on a lead. Another company will say, ‘It didn’t turn into a sale.’ I don’t want to coach their sales staff on how they should follow up. That’s not my job.”Sophistication at the client level is all over the map. “We have extremely sophisticated clients who can measure through to sales, to clients who can say, ‘I’ll give you $20 per lead, take it or leave it,’” says EE Times CEO Paul Miller. “That’s not a business we want to be in-it’s commoditized.” If advertisers are expecting publishers to deliver prospects right through to the sale, publishers should get a cut of that sale, according to Miller. “If you can track through the sales, why not give us a share of the sales we helped create?” he adds. “That’s where client says, ‘That’s crazy, the process can’t be that sophisticated.’ At end of day, it has to be that sophisticated.” Lead generation has dominated much of the b-to-b conversation for the last year, offering hope, revenue and not just a little frustration on the part of publishers, many of whom quickly find out the lead gen business can be more than they bargained for. “We’ve been able to re-build our properties not from larger, share-of-market accounts, but with smaller companies who want to see lead generation from e-products,” says one b-to-b publisher who wishes to remain anonymous. “Even some of our larger accounts are not buying based on the number of unique visitors or page views or any of the other site metrics. They want to see direct ROI in terms of clicks on their ads.”The publisher’ traffic continues to skyrocket but because a follower on Twitter may not necessarily be the right fit for the advertisers, the click-through actually goes down and the publisher can’t leverage the traffic itself because that’s not a key buying point for many of its customers. “I feel caught between keeping up and wanting to tap into the benefits of these social mechanisms but I’ve got limited resources and still need to attend to the basics of getting print products out the door on time, developing new e-newsletters and improving our Web sites,” he says. More publishers have to take a stand with advertisers over lead generation. While Haymarket’s SC Magazine has used the success it’s had generating leads with its SC World Congress virtual show to switch from a flat fee to cost-per-lead model, PennWell’s FDIC Online virtual shows will retain a flat $4,500 sponsorship fee that includes leads, according to Eric Schlett, vice president, publisher/executive director of Fire Engineering Magazine. last_img read more

Supreme Court slams Air India for seeking repeated adjournments

first_imgThe Supreme Court on Friday came down heavily on national carrier Air India for repeatedly seeking adjournments in a case involving pay and related matters of pilots and cabin crew.The apex court was angry after the lawyer representing the petitioners (pilots and cabin crew) said that Air India has sought 21 adjournments citing Attorney General (AG) Mukul Rohatgi’s absence.”Air India should not do this. They have taken twenty-one adjournments. They have taken adjournments in Mr. Rohatgi’s name,” the petitioners’ lawyer said.This prompted the court to strongly criticise the state-run carrier. “You say you don’t want to delay the matter, but you are. If learned AG cannot appear, put your house in order,” Justices Rohinton Nariman said, according to Bar and Bench.The case is being heard by a two-judge bench comprising Justices Kurian Joseph and Rohinton Nariman.Reminiscent of famous Hindi film dialogueThe development reminds one of the famous Sunny Deol dialogue in Hindi film “Damini” and the courtroom scene. “Tareekh pe tareekh, tareekh pe tareekh, tareekh pe tareekh milti gayi my lord, par insaaf nahi mila,” become immortal, capturing how justice delayed was a case of justice denied.The next hearing in the Air India case will be on September 15.Air India has about 850 pilots and plans to recruit 500 more over the next few years, in addition to hiring 1,500 cabin crew.”From last August till now, we have already recruited 250 pilots. So about 500 more pilots we are going to recruit. We have plans to have cabin crew of 3,000 personnel. Besides the existing number, we are planning to take 1,500 more in the next two to three years,” PTI had quoted N Sivaramakirshnan, Air India General Manager (Operations), as saying last month.Air India has a fleet of 118 aircraft including those on dry lease. In July, its share in India’s burgeoning domestic air traffic was 14.8 per cent, lower than that of IndiGo, the largest carrier in terms of passengers carried (39.8 per cent) and Jet Airways (16.3 per cent).last_img read more

IT sector employees likely to see a maximum hike of 9 even

first_imgCognizantWikiMedia CommonsWhile the IT industry is said to be going through a state of turmoil, it looks like there is some more bad news for the employees. A number of companies have announced that promotion and salary hikes have been deferred by about three months, but it has now been reported that even when the employees do eventually get a hike, it is unlikely to be anything over 9 percent.Most companies are likely to give out hikes on the basis of the growth in its revenue, amounting to about 6-8 percent. Wipro has said that its hikes, which will be effective from June, will mostly be on the lower side but employees who have performed well may receive higher increments.”For offshore employees, the hike percentage is mid-single digit; onsite employees have low- to mid-single digit hike percentages, depending on their location,” Business Standard quoted a company spokesperson as saying.While Tata Consultancy Services has said that the hikes will be in the range of 8-10 percent, Infosys has explained that this year its employees will receive an increment of about 4-9 percent.Meanwhile, an IT industry analyst, on condition of anonymity, explained to the website that companies earlier offered larger hikes to efficient employees so that they do not get poached by a competitor, but with the sector already witnessing a slowdown, companies can afford to offer lesser increments.American multinational firm Cognizant Technology Solutions (CTS), on June 29, said that it had deferred the salary hikes and promotion of its employees by three months. While the employees often get promotion and hikes around June each year, the IT giant informed its employees through an email that promotion and salary hikes would be effective only from October 1 this time.Cognizant’s chief people officer Jim Lennox told the employees that they would get a percentage hike on their basic pay up to the managerial level and employees at a senior level would receive a “lump sum” amount. Additionally, they will also get a bonus based on their performance. Both SAP and Infosys said that they have mutually resolved all concerns regarding the use of their respective trademarks.REUTERS/Abhishek N. ChinnappaIT giant Infosys also revealed in May that employees may have to wait for a bit longer to see a hike in their paychecks. The salary hike for lower and mid-level employees has been deferred until July, while the senior level employees will see a further delay.The prime reason behind companies postponing hikes and promotion is said to be higher business costs, visa curbs, and slow growth.last_img read more

9 killed in Panchagarh bustruck collision

9 killed in Panchagarh bustruck collision

first_img.At least nine people, including a woman and her minor son, were killed and 25 others injured in a head-on collision between a bus and a truck at Dashmile in Sadar upazila in Panchagarh on Friday evening, reports UNB.Two of the deceased are Lovely, wife of Saidul Islam, and their son Yamin of Jot Hasna in the upazila.Officer-in-charge of Sadar police station Akkas Ali said the Tentulia-bound bus from the district town collided head-on with the truck carrying electric poles from Bhajanpur in the upazila around 7:45pm.The accident left five people dead on the spot and 29 others injured, he said, adding that four of the injured were declared dead at hospital.Police, firefighters and locals rescued the injured and took them to Panchagarh modern sadar hospital from where some of them were sent to Rangpur Medical College Hospital.Most of the victims hailed from Bhajnpur and Banglabandha in the upazila, police said.last_img read more

Alor Ferrywala Palan Sarkar dies

Alor Ferrywala Palan Sarkar dies

first_imgPalan Sarkar distributes books. Prothom Alo File PhotoEkushey Padak winner Palan Sarkar, who distributed books for free among the people, passed away on Friday, reports UNB.The 98-year-old had been suffering from old-age complications.Palan Sarkar is with books to be distributed among readers. Prothom Alo File PhotoHe died at his home in Bausha village of Bagha upazila in Rajshahi.“My father was surrounded by his family at the time of his death,” his son Haider Ali said.Palan Sarkar, who started a social movement of reading books, was affectionately called “Alor Ferrywala,” the distributor of light.He was awarded the Ekushey Padak, Bangladesh’s second-highest civilian award, for his contribution to the society.Palan Sarkar with his daughter Rokeya Khatun. Prothom Alo File Photolast_img read more

Texas Oil Producers Expect Record In 2018

Texas Oil Producers Expect Record In 2018

first_img Listen X 00:00 /01:16 To embed this piece of audio in your site, please use this code: Florian Martin | Houston Public MediaKarr Ingham, petroleum economist with the Texas Alliance of Energy Producers, presents the Texas Petro Index at the Petroleum Club of Houston on Tuesday, Jan. 23.After a recovery year for the state’s oil and gas industry, 2018 promises to be record-breaking.That’s according to Karr Ingham, economist with the Texas Alliance of Energy Producers. He created the Texas Petro Index, which measures the state of the oil economy based on different factors, such as employment, rig count and the price of oil.In December 2017, most indicators were up from a year ago, and Ingham expects oil production to surpass the previous record year of 1972, when Texas producers extracted 1.263 billion barrels of oil.“I don’t see how we don’t break this record in 2018,” Ingham said on Tuesday.And this with about half as many oil rigs in operation as in November 2014, shortly before the price of oil tanked – but also with a smaller workforce. After two years of layoffs, many oil jobs have come back, but Ingham doesn’t expect all of them to return anytime soon.center_img Great turnout today in Houston for our #Petro index update with Karr Ingham.#txlege #oil#natgas pic.twitter.com/tF3R831PD9— Texas Alliance (@TexasAllianceEP) January 23, 2018 Sharelast_img read more

Rices Baker Institute and its Center for Energy Studies rise in the

first_imgShare19David Ruth713-348-6327david@rice.eduJeff Falk713-348-6775jfalk@rice.eduRice’s Baker Institute and its Center for Energy Studies rise in the rankings of global think tanksHOUSTON – (Jan. 31, 2018) – Rice University’s Baker Institute for Public Policy is ranked No. 3 among the best university-affiliated think tanks in the world (up from No. 4) and its Center for Energy Studies is ranked No. 1 as the best energy- and resource-based think tank (up from No. 2), according to the 2017 Global Go To Think Tank Index Report published Jan. 30.Baker Hall, home of Rice’s Baker Institute for Public PolicyThe other university-affiliated think tanks in the world’s top three category are Harvard University’s Belfer Center for Science and International Affairs (No. 1) and the IDEAS/Public Policy Group at the London School of Economics and Political Science, U.K. (No. 2).The institute’s Center for Energy Studies (CES) No. 1 ranking is followed by the Institute of Energy Economics, Japan (No. 2), and the Oxford Institute for Energy Studies, U.K. (No. 3).The Baker Institute is ranked No. 17 out of 89 of the top think tanks in the U.S. and is listed among the best think tanks in the category “Quality Assurance and Integrity Policies and Procedures.”“As we celebrate the 25th anniversary of the Baker Institute this year under the theme ‘A Quarter Century: Making History,’ our rankings confirm the relevance of the institute’s ongoing research programs and public policy recommendations on national and global issues,” said Baker Institute Director Edward Djerejian. “I wish to commend the institute’s fellows, scholars and staff for their dedicated work, as well as all our supporters and friends who have been with us from the beginning as we mark this milestone.”“We have an excellent team of fellows and scholars working in an interdisciplinary manner across the energy-environment arena,” said Kenneth Medlock, CES senior director and the James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics. “Teamwork is the hallmark of our success in providing unbiased analysis of factors that shape the future of energy.”Founded in 1993, the Baker Institute has fellows and scholars who conduct research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy. Core fields of study include energy, the Middle East, Mexico, health policy, public finance, private entrepreneurship, international economics, presidential elections, science and technology, China, space policy and drug policy.CES was founded in October 2012 and provides policymakers, corporate leaders and the public with quality, data-driven analysis of issues that influence energy markets. The long-standing Baker Institute Energy Forum is an integral part of CES and remains an active entity for participation in the center’s ongoing research and public policy programs.Established in 2006, the University of Pennsylvania Think Tanks and Civil Societies Program’s Global Go To Think Tank Index has become the gold standard of excellence for think tanks around the world and is widely cited by governments, donors, journalists and policymakers as the foremost guide to the performance of thousands of domestic and international public policy centers.The program’s report is compiled with assistance from more than 2,500 peer institutions and experts from the media, academia, public and private donor institutions and governments in the U.S. and around the globe.-30-Related materials:2017 Global Go To Think Tank Index Report: www.gotothinktank.com/global-goto-think-tank-index.Follow the Baker Institute via Twitter @BakerInstitute.Follow the Baker Institute’s Center for Energy Studies via Twitter @CES_Baker_Inst.Follow Rice News and Media Relations via Twitter @RiceUNews.Founded in 1993, Rice University’s Baker Institute ranks among the top three university-affiliated think tanks in the world. As a premier nonpartisan think tank, the institute conducts research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy. The institute’s strong track record of achievement reflects the work of its endowed fellows, Rice University faculty scholars and staff, coupled with its outreach to the Rice student body through fellow-taught classes — including a public policy course — and student leadership and internship programs. Learn more about the institute at www.bakerinstitute.org or on the institute’s blog, http://blogs.chron.com/bakerblog. AddThislast_img read more