CBL Begins Developing Collateral Registry

first_imgThe government of Liberia through the Central Bank of Liberia (CBL) has begun the development of a Secured Transactions/Collateral Registry program in the country.The registry, which is purely an electronic program, is expected to be formally inaugurated in June this year, to register movable assets that debtors would want to put forth as collateral to lenders.It is being developed by the CBL with technical support from the International Finance Corporation (IFC) to enhance increase financial access to small medium enterprises (SMEs) that do not have the type of collateral required by banks to access loan.Speaking at a one-day stakeholders meeting with economic journalists in Monrovia on Friday, the head of the Registry, Mrs. Euphemia Gbadee Teeta Swen Monmia, said the registry will be seated at the CBL and will allow users to access information online in real time. She declared that the CBL will set up computer facilities at key stations across the country to allow businesses and ordinary people to learn about the program and make decision.Giving some details about the registry, the registrar noted that the secured transaction registry will create opportunity for debtors to use their movable assets such as cars, equipments and other household and agricultural materials as collaterals in order to access loans for their businesses.“Some of the benefits of the registry are that it increases access to credit and reduces risk of credit, reduces cost of credit, promotes credit diversification and increases market competition,” Mrs. Monmia added.She stressed that the role of the registry will be to primarily register debtors’ movable collaterals so that lenders are able to easily access those assets and to ensure that the same assets are not offered as collateral to other lenders.Mrs. Monmia noted that the establishment of the collateral registry is part of the mandate of the CBL as enshrined in the Central Bank of Liberia Act of 1999, and specifically consistent with Section 55 of said CBL Act of 1999 and Section 39 of the Financial Institutions Act of 1999.She declared that the establishment of the registry is also pursuant to Chapter 5 of the Liberian Commercial Code.Also speaking, Deputy CBL Executive Governor for Economic Policy Boimah Kamara observed that the collateral registry is a new business model being introduced in Liberia that would enhance financial access to businesses and bring transparency between the borrowers and lenders.“This exercise is intended to bring transparency between borrowers and lenders. For example, you can’t take a loan from bank ‘A’ and use the same collateral to borrow from bank ‘B’. But, the movable assets will be registered in the system for all of its users to see,” said Mr. Kamara.Some of the movable assets the collateral registry will registered include bank accounts, account receivables, vehicles and equipment for industrial use, agricultural products such as crops and livestock, consumer and household goods and inventory and raw goods, amongst others.Immovable assets such as land and real estate buildings will not be captured in the registry as they are mainly required by banks as collateral for loans, the registrar said.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Woman rescued after jumping off Harbour Bridge

first_imgA 38-year-old woman is undergoing psychiatric treatment after attempted to take her own life by jumping off the Demerara Harbour Bridge (DHB).The woman being brought to shore by two passersbyRehanna Budhan of Lot 42 Austin Street, Campbellville, Georgetown, was rescued by passersby who saw her plunge into the Demerara River around midday on Tuesday.According to information reaching Guyana Times, the mother of one was walking on the Demerara Harbour Bridge heading west when she suddenly climbed onto the rail and plunged into the water.One of the rescuers, Parsram Ramchand, related to this newspaper that he was driving over the Bridge from the West Bank when he observed the woman walking in the opposite direction on the right-hand side of the bridge.“When I reach closer, I see this woman climb up on the rail and jump over. I stop my vehicle and run out,” he said, recalling that he immediately took off his boots and pants, and jumped in the water to save the woman.“A next guy jump behind me and we rescue her and bring her up on the river bank,” Ramchand stated. The man noted that the woman was unconscious when they brought her out of the water and so they took her to the Police Outpost on the eastern side of the Bridge.This newspaper was told that the woman, who has a five-year-old child, claimed that she has a spiritual problem hence she wanted to take her life. The woman’s mother was summoned to the outpost and told the officers that this was the first time her adult daughter had done something like that.In October last year, a man was rescued by passersby after he too jumped off the Bridge in a bid to take his life. The Harbour Bridge has become a hotspot for suicidal jumps, with many of them being successful.The latest victim was a woman who jumped to her death back in January 2015. Her body was discovered several hours later in the vicinity of the Guyana Defence Force (GDF) Wharf.last_img read more

Peace River Regional District News Letter – May 19 2009

first_imgAttached is the latest Peace River Regional District News Letter.- Advertisement –last_img

The stars come out for USC

first_imgIf you build it, they will come. Coming off its most embarrassing loss of the season and going against the one Pacific-10 Conference team it had been dominated by, USC had plenty of support Thursday. Football coach Pete Carroll gave the team a pep talk before the game and actor Denzel Washington celebrated with the players in the locker room after a 69-65 victory over Stanford in front of 9,560 at Galen Center. “Pete Carroll came in, got us pumped up and we fed off that energy,” said Nick Young, who led USC with 22 points. “We went out there and tried to play like the football team.” USC (20-8, 10-5) moved out of a third-place tie with the Cardinal and avenged its worst Pac-10 loss of the season. The Trojans hadn’t lost consecutive games this season, and they were following a defeat to Arizona State – previously winless in 14 conference games. USC made it to 20 victories for just the fourth time in the past 28 seasons and the first since 2001-02. Coach Tim Floyd said he thought this victory will get the team back to the NCAA Tournament for the first time since that 2001-02 season. “I think so, especially when you look at the Oregon and Arizona sweeps,” Floyd said. “We won’t approach it that way, though. We’ll approach it that we’ve got to go out and get another one.” center_img At Stanford last month, the Cardinal raced out to a 12-2 lead. This time, the Trojans came out ready to play thanks to the speech from Carroll, who told the players not to get pushed around by Stanford again and reminded them that the football team hasn’t lost at home in more than five years. Young got the Trojans off to a hot start by scoring nine of the team’s first 11 points – including an incredible reverse layup. RouSean Cromwell made his second start of the season at forward to help match up with Stanford’s 7-foot twin towers of Brook and Robin Lopez. Brook, who along with his brother grew up in Granada Hills until moving away at age 6, had 12 of Stanford’s 19 blocks in Palo Alto. The Cardinal managed just three blocks in this game. Gabe Pruitt started the Trojans off well in the second half, dishing to Cromwell for a two-handed dunk, then hitting a 3-pointer to put USC ahead 41-30 two minutes in. Then USC got defensive. Pruitt made steals that set up fastbreaks on consecutive plays, scoring on a reverse layup the first time down and then setting up Gibson to make two foul shots. Then Lodrick Stewart made two steals, the second one leading to a layup from Pruitt to give USC its biggest lead of the game at 58-45. Stanford (17-9, 9-6) closed to within three points in the final minute, but Young made fourfree throws to clinch the victory. After the game, Stewart was using his cell phone to get a picture taken with Washington, a regular at Lakers games who was making his first appearance at Galen Center with courtside seats. “We’re on a mission,” Stewart said. “We know we have a lot of support if Denzel is here.” matthew.kredell@dailynews.com (818) 713-3607 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

Barcelona grind out victory in Eibar before Chelsea trip

first_img0Shares0000Luis Suarez and Jordi Alba got the goals for Barcelona at Eibar © AFP / ANDER GILLENEAMADRID, Spain, Feb 18 – Luis Suarez and Jordi Alba were on target as Barcelona saw off Eibar 2-0 on Saturday to continue their unbeaten record in La Liga and extend their lead at the top of the table.Lionel Messi had a hand in both goals against an Eibar side who finished the match at tiny Ipurua with 10 men after the second-half sending-off of Fabian Orellana. It was not a comfortable afternoon for Ernesto Valverde’s men in the rain in the Basque Country, but Barca are still unbeaten 24 games into the league campaign, and have now gone 31 La Liga matches undefeated in total to match their record run under Pep Guardiola in 2010/11.They are 10 points clear at the top, although Atletico Madrid can trim that lead when they host Athletic Bilbao on Sunday.Barcelona will now turn their thoughts to the Champions League last 16, first leg against Chelsea at Stamford Bridge on Tuesday, and Valverde said Eibar were ideal opponents ahead of that match.“Eibar always put you under a lot of pressure, so it was a good test. We really suffered, because they are in great form,” said Valverde.“It was a very difficult match just as we expected, and we will try and make sure it helps us, although the Champions League is another competition altogether.”Valverde sent out a strong team, choosing to start Andres Iniesta and leave Philippe Coutinho on the bench, despite the Brazilian being ineligible for the Champions League. Coutinho replaced Iniesta for the final half-hour.“Last week Coutinho started, and this week it was Iniesta,” Valverde added. “It is true that we have another match on Tuesday, but for me the important thing was today (Saturday).”Barca went ahead in the 16th minute, Messi’s superb pass releasing Suarez, who rounded goalkeeper Marco Dmitrovic to score.The visitors had a couple of let-offs in the first half, with Sergio Busquets lucky not to concede a penalty as he pulled back Kike Garcia in the box. Orellana then hit the bar with a fine strike.However, the Chilean was sent off midway through the second half and Barca took advantage of the extra man in the 88th minute. Messi, who hit the post in the first half, was denied by Dmitrovic, but the ball fell for Alba to score.– Valencia, Sevilla win –Ex-Arsenal man Francis Coquelin scored in Valencia’s win at Malaga © AFP / JORGE GUERREROValencia consolidated their grip on third place, coming from behind to win 2-1 at bottom side Malaga with a late Dani Parejo penalty.Nigerian Brown Ideye had put the home team ahead, but French midfielder Francis Coquelin headed Valencia level 10 minutes from time with his first La Liga goal since moving from Arsenal.Valencia are four points clear of fourth-placed Real Madrid but have played two games more than Zinedine Zidane’s side, who are at Betis on Sunday.Sevilla warmed up for Wednesday’s Champions League clash with Manchester United by winning 2-1 at struggling Las Palmas, aided by a controversial late offside call.Goals from Wissam Ben Yedder and Pablo Sarabia had Sevilla in control in Gran Canaria, before Jonathan Calleri pulled one back for Las Palmas with a penalty.And the islanders were denied a 93rd-minute equaliser when an extremely tight offside call went against them — Alejandro Galvez looked to be level with the last defender before putting the ball in the net.Having experienced some indifferent form following the appointment of Italian Vincenzo Montella as coach in December, Sevilla have now claimed back-to-back league victories since progressing to the Copa del Rey final, and are fifth.“When you win games you rest and recover better. Now the only thing on our minds is Manchester,” said Montella.Also on Saturday, Deportivo La Coruna suffered a second defeat in as many games since the appointment as coach of former Dutch international Clarence Seedorf, as they lost 1-0 at Alaves to remain second-bottom.On-loan Barcelona forward Munir El Haddadi scored the winner with a superb strike, with Alaves continuing their revival under Abelardo.0Shares0000(Visited 1 times, 1 visits today)last_img read more

Three things that have gone wrong for United

first_imgHowever, the Portuguese is far from the only culprit, with United’s slide on the field dating back to Alex Ferguson’s retirement in 2013.Here, AFP Sports looks at three things that have gone wrong for the 20-time English champions.Not so special anymoreMourinho introduced himself to English football as “the special one” when taking charge of Chelsea for the first time 14 years ago.He backed up that bravado by delivering back-to-back Premier League titles. Mourinho’s aura and tactical discipline also inspired a title win in his second spell at Stamford Bridge and a treble at Inter Milan. When at the helm at Real Madrid he broke Barcelona’s La Liga hegemony under Pep Guardiola.Jose Mourinho won the Premier League in his first two seasons at Chelsea © AFP / ADRIAN DENNISYet his third seasons second time round at Chelsea and at Madrid ended acrimoniously and a third campaign at United already looks as though it is heading the same way.In contrast to the exciting brand of football offered by Manchester City, Liverpool, Tottenham and Chelsea under Guardiola, Jurgen Klopp, Mauricio Pochettino and Maurizio Sarri, Mourinho’s conservative tactics seem outdated and at odds with United’s tradition under Ferguson.Moreover, whereas Mourinho used to staunchly defend his players, at United he has routinely criticised his squad in public.Spurs fans goaded Mourinho with cries of “You’re not special anymore” and his rant at the media as he stormed out of his post-match press conference demanding respect for his record of winning three Premier League titles did little to quell the feeling he is living off past glories.United only in nameMourinho’s sour mood has not been reserved just for his players, but also the club’s executive vice-chairman Ed Woodward over a perceived lack of backing in the transfer window.Not seeing eye-to-eye: Manchester United executive vice-chairman Ed Woodward didn’t sign the centre-back Jose Mourinho wanted in the transfer window © AFP/File / JON SUPERWoodward decided there was not value in the market for a host of centre-back targets identified by Mourinho and questioned whether they were any better than the five already in United’s squad.It effectively means a former banker is overruling an experienced manager on football matters and United are investigating the possibility of appointing a director of football as a middle man for the first time.Woodward also insisted neither Paul Pogba nor Anthony Martial were for sale despite a troubled relationship between the manager and both players.Pogba, who cost United a then world record £89 million ($115 million) in 2016, claimed he would be fined for revealing his true feelings after the first game of the season as his agent Mino Raiola appears to be agitating for a move, with Barcelona apparently interested.Martial was fined by Mourinho for not returning to the club’s pre-season tour of the United States after the birth of his second child and did not even make the bench for Monday’s defeat.Misspent fortuneWoodward has been accused of having divided loyalties after United’s share price hit a record high last week despite the club’s on-field troubles.Alexis Sanchez is one of a number of big money signings in recent years to disappoint for Manchester United © AFP / Oli SCARFFYet, while American owners the Glazer family remain unpopular among many fans, United have spent lavishly in the transfer market in recent years.The problem is a reported £700 million investment in transfer fees alone since Ferguson retired has been largely wasted.Big-money signings Angel di Maria, Memphis Depay, Bastian Schweinsteiger, Morgan Schneiderlin and Henrikh Mkhitaryan are no longer with the club.Luke Shaw, Juan Mata, Martial, Pogba and Alexis Sanchez have also failed to hit the standards they showed at previous clubs to spark United’s interest in the first place.0Shares0000(Visited 2 times, 1 visits today) 0Shares0000Yesterday’s man? Manchester United manager Jose Mourinho is living on past glories © AFP / Oli SCARFFMANCHESTER, United Kingdom, Aug 28 – Manchester United manager Jose Mourinho suffered the heaviest home defeat of his coaching career as Tottenham Hotspur won 3-0 at Old Trafford on Monday to deepen an early-season crisis for the Red Devils.Mourinho is at the front of the firing line, with odds on him being the first Premier League manager to lose his job this season being slashed after two consecutive defeats.last_img read more

Arsenal transfer news: Premier League stars to pick Gunners over rivals, plus strike target’s future uncertain

first_img 6 6 Swansea City midfielder Ki Sung-yueng has emerged as a potential target for Arsenal. Click right for more transfer news… – South Korean midfield star Ki was in fine fettle for the Jacks last season as he ended the campaign their Premier League top scorer with eight goals. His displays have grabbed the attention of Arsene Wenger and the Frenchman is said to be looking at the maestro as an alternative to other targets who have higher price-tags. 6 Raheem Sterling (Liverpool) – Find out which Champions League finalist has had his price-tag revealed by scrolling through… – Liverpool contract rebel Sterling is highly sought after following the revelation he would not renew his deal at Anfield, even for £900,000 a week. Manchester City and Chelsea are in the race for his signature as well as the Gunners but the two London sides have been boosted by the new he is keen on a return to the capital. Morgan Schneiderlin (Southampton) – See which French striker could join the Saints star at the Emirates by clicking the right arrow… – Tottenham’s inability to qualify for next season’s Champions League has, according to reports in Spain, seen the French star decide his future lies at Arsenal. It will represent a huge coup for the Gunners, who could land him for £21.4m, as several top Premier League sides were all interested. Lukas Podolski (Arsenal) – Find out which highly-rated midfield star is set to choose the Gunners over their rivals… – After a loan spell at Inter Milan the end of the season, it’s almost certain the German forward’s Premier League career is over. Turkish giants Galatasaray are reportedly trying to agree a deal with Arsenal for his services having a sorted out personal terms with the player. A transfer could be confirmed next week. 6 Tottenham have already made their first foray into the transfer market so it’s understandable Arsenal fans might be getting itchy feet.Austrian youngster Kevin Wimmer will be at White Hart Lane next season as Spurs attempt to finish above their fierce rivals for the first time since 1995.So who is Arsene Wenger targeting as he looks to compete for the Premier League trophy and end a 21st season ahead of Maruicio Pochettino’s men? talkSPORT takes a look.Click the right arrow above to find out the latest transfer news… 6 Arturo Vidal (Juventus) – See which Arsenal forward might quit the club in a £9million deal, next… – All-action Chilean midfield Vidal will be hoping to win the Champions League in Berlin next Saturday, but his preparation is possibly being marred by the constant speculation surrounding his future. Juventus will reportedly do a deal for £28.4m and the Gunners are very keen on the player. Alexandre Lacazette (Lyon) – Also a target for Liverpool, Lacazette’s boss in France, Hubert Fournier, has admitted the hotshot’s future is uncertain across the Channel. The international striker scored 27 goals and made six assists as he dovetailed exceptionally with team-mate Nabil Fekir. 6last_img read more

FARMERS UNFAIRLY HIT IN CUTBACKS, CLAIMS SENATOR

first_imgThe fundamental changes to the Disadvantaged Areas Scheme will result in the most vulnerable farmers in the North West suffering severe cuts to State supports, according to Fianna Fáil Senator Brian Ó Domhnaill.Senator Ó Domhnaill has hit out at the Government for once again targeting the most disadvantaged for the bulk of Budget cutbacks this year. Under measures announced in last month’s Budget, 7,877 Donegal farmers could potentially have their payments under DAS either cancelled or radically reduced.The Donegal Senator has appealed to the Agriculture Minister Simon Coveney to reconsider his moves to completely undermine DAS and REPS 4. “Minister Coveney has cut €30 million from the Disadvantaged Areas Scheme this year,” said Senator Ó Domhnaill.  “The changes in minimum stocking requirements could prevent thousands of farmers from qualifying for the same DAS payments they got last year. For instance, farmers on mountain grazing land are prevented from increasing their livestock under commonage framework plans. How can they be expected to meet the increased livestock requirements to qualify for the payments they need?“Minister Coveney has also sought to restrict the amount of land that can qualify for DAS. Under the current system, a farmer with part of their lands on Disadvantaged Areas and part that’s not gets a DAS payment based on their full holding. Under Budget changes introduced last month, this is no longer the case. Only that proportion of the disadvantaged land will qualify. For example, a farmer with 60ha in total and 20ha Disadvantaged will see a reduction of 66% in their Disadvantaged Areas payment this year compared to last year.“It is unfair for the Government to target more vulnerable and smaller farmers in this way. I have submitted alternative suggestions to the Minister that would protect smaller farmers who are in the DAS and REPS schemes. I am appealing to him to take another look at my suggestions and avoid drastic cuts to the most at risk farmers.”  FARMERS UNFAIRLY HIT IN CUTBACKS, CLAIMS SENATOR was last modified: January 18th, 2012 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)last_img read more

DONEGAL GARDA HAS DRINK-DRIVING CRASH CASE ADJOURNED

first_imgA Garda who is originally from Co Donegal has had a case of drink-driving and dangerous driving against him adjourned.Kevin McLaughlin, 29, was remanded on continuing bail to appear again at Carrickmacross District Court on June 8th next.McLaughlin, from Gartan, Churchill, is charged in connection with an incident in which the car he was driving reportedly crashed into a Garda patrol car. McLaughlin, who is stationed at Carrickmacross, is facing alleged charges that he drove while exceeding the alcohol limit at Moyles, Monaghan on March 21st, 2015.It is also alleged that he drove dangerously when he collided with a patrol car that was dealing with another incident.He faces other charges that he also had no tax or a valid NCT.Monaghan District Court was told that the case will be full contested by Mr McLaughlin.DONEGAL GARDA HAS DRINK-DRIVING CRASH CASE ADJOURNED was last modified: April 13th, 2016 by StephenShare 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:Churchilldonegaldrink drivingGarda Kevin McLaughlinlast_img read more

Professor acquitted on terror charges

first_imgTAMPA, Fla. – In a stinging defeat for prosecutors, a former Florida professor accused of helping lead a terrorist group that has carried out suicide bombings against Israel was acquitted on nearly half the charges against him Tuesday, and the jury deadlocked on the rest. The case against Sami Al-Arian, 47, had been seen as one of the biggest courtroom tests yet of the Patriot Act’s expanded search-and-surveillance powers. After a five-month trial and 13 days of deliberations, the jury acquitted Al-Arian of eight of the 17 counts against him, including a key charge of conspiring to maim and murder people overseas. The jurors deadlocked on the others, including charges that he aided terrorists. Al-Arian, a former University of South Florida computer engineering professor, wept after the verdicts, and his attorney, Linda Moreno hugged him. He will return to jail until prosecutors decide whether to retry him on the deadlocked charges. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals Two co-defendants, Sameeh Hammoudeh and Ghassan Zayed Ballut, were acquitted of all charges. A third, Hatem Naji Fariz, was found not guilty on 25 counts, and jurors deadlocked on the remaining eight. “While we respect the jury’s verdict, we stand by the evidence we presented in court,” Justice Department spokeswoman Tasia Scolinos said. Al-Arian’s wife, Nahla, celebrated outside the courthouse with family members and supporters. “I’m ecstatic,” she said. “My husband is an outspoken Palestinian activist who loved this country, believed in the system, and the system did not fail him.” Moreno said she hoped prosecutors would take into account the “overwhelming number of not-guilty verdicts” against the defendants in deciding whether to try Al-Arian again. “We are so grateful to these jurors,” Moreno said. “They worked hard.” She planned to ask the court soon to release Al-Arian from jail. Federal prosecutors said Sami Al-Arian and his co-defendants acted as the communications arm of the Palestinian Islamic Jihad, spreading the word and raising money that went toward the suicide attacks that have killed hundreds. Al-Arian was considered one of the most important terrorist figures to be brought to trial in the United States since the Sept. 11, 2001, attacks. His indictment in 2003 was hailed by then-Attorney General John Ashcroft as one of the first triumphs of the Patriot Act, which was enacted in the weeks after Sept. 11. The Patriot Act gave the government greatly expanded powers and broke down the wall between foreign intelligence investigations and domestic law enforcement. In the Al-Arian case, officials said, it allowed separate FBI investigations – one of them a years-long secret foreign intelligence probe of the professor’s activities – to be combined and all the evidence used against him. A male juror, whose name was being kept secret by the court, said he did not see the case as a First Amendment issue, as defense attorneys had claimed, explaining that the decision came down to lack of proof. “I didn’t see the evidence,” he said. 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