-Despite Opposition highlighting issues in the economyThe Parliamentary Opposition on Thursday spared no effort at chastising the coalition Government for its mismanagement of the local economy, and used the debate in relation to the Financial Institutions (Amendment) Bill 2018 in the National Assembly to highlight some of the issues facing the financial sector.Opposition Member of Parliament (MP) Irfaan Ali gave a synopsis of the threats that face Guyana, and offered a comparison of financial statistics, which highlight how poorly the current Government has performed compared to the years when the Peoples Progressive Party (PPP) was in office.“The economy if not going in the right direction, and figures show from the Bank of Guyana (BoG). We need to strike the balance, and if we don’t, then no law wouldOpposition Member of Parliament (MP) Irfaan Alibe able to help us through the crisis we are going through now,” the MP said, noting that things can get much worse than they are now.Ali, an economist by profession, explained that the BoG profit declined from $5.1 billion in 2014 to $3.7 billion in 2018. In the meantime, gold reserves declined from $27 billion in 2014 to $3.2 billion in June 2018. Market securities, on the other hand, moved from $96.8 billion to $85 billion as of May, 2018. International reserves were US$652 million in 2015, and they now stand at US$485 million.“These are the issues we have to look at, which the Finance Minister (Winston Jordan) alluded to in relation to a financial sector crisis. But a financial sector crisis is already upon us. Our economy is not performing. We have commercial banks with high levels of non-performing loans. Non-performing loan as a share of total loans increase from 7.4 percent to 11 percent by end of 2018,” he further added.As Ali continued to present his arguments, Speaker of the National Assembly, Dr Barton Scotland, asked the MP to focus his debate on the bill itself, and not to stray away too much from it. But Ali maintained that it would not make any sense to the general public if he doesn’t take the time to explain the state of the economy, when the bill itself has a lot to do with what is taking place in the financial sector. The former Government minister also argued that the economy is heading into bankruptcy, and people will likely suffer from this. His colleague, Joseph Hamilton, also raised several concerns with the amended bill, stating that Government should explain the cost that comes with implementation of the provisions within the bill. He said this would be equally important to banks, financial institutions and citizens.Finance Minister Winston Jordan said the amended bill is a continuation of work which was started by the Opposition when they were in Government. “I don’t know why they have gone down the path they have gone through. As far back as 1995, this was a development credit agreement that was signed on January 1995…US$4 million. I don’t know where the $35 million came from—I didn’t speak of it,” he said.The Minister also stated that, since 1995, there have been talks about strengthening the banking sector. He told the National Assembly also, “Strengthening of BoG through regulations, directives to carry out supervisory activities…the trend continued through the 1990s.”He continued, “They are called credits, but they are loans, soft pay back, 1 per cent and so on. Another development credit, private sector, June 21, 1995 about US$13 million. The argument is being made, ‘where did these bills come from? These bills didn’t fall out of the sky, they have a history.“Recommendations were made to improve the resolution and potential oversight of the bank. Fourteen years passed and nothing was done. We come today having to do the work that should have been done 14 years ago. Now, Mr. Speaker, if you catch a cold, and you do nothing about it, 6 months after, when it turns pneumonia, you can’t drink apneic.”The Financial Institutions (Amendment) Bill 2018 seeks to amend four sections of the Act while repealing another four sections.It notes that the inadequacies of the existing bank insolvency regime do not distinguish between corporate failures and banking failures, as both are subject to a form of commercial insolvency law, and in a number of respects, the commercial insolvency law model is ill-suited to deal with the failure of banks.It states that the corporate insolvency model uses judicial instead of administrative proceedings, with all the attendant delays.Despite the Opposition’s arguments, the bill was unanimously passed in Parliament. (Samuel Sukhnandan)
A ‘Heroes Mess Dinner’ is set to honour local and national emergency services personnel and fundraise for a special organization that helps them if they are ever injured.The military-style formal dinner will recognize local and national emergency services personnel, as well as volunteers. Furthermore, there will be a silent auction fundraiser with the proceeds going to Honour House, a place in Vancouver which offers free temporary accommodations for emergency services personnel who are injured in the line of work. They are able to stay at the house while they receive medical treatment.Dan Davies is one of the event organizers and says Captain Ron Myers, an American army officer will be a guest of honour and speaker at the event. Myers will be in Fort St. John for the Juneteenth celebrations and a memorial at the Sikinna Chief River Bridge.- Advertisement -The dinner and fundraiser event will be happening Saturday at the Quality Inn in Fort St. John. Although most tickets have been sold out, Davies says there may be one or two still available at a cost of $70.Anyone interested in attending can contact Dan Davies at 250-787-5847.
0Shares0000Capital FM football team posing with the trophy. Photo/MILLER GIBBZNAIROBI, Kenya, June 2 – The Capital FM football team settled for third in the StarTimes Mini World Cup just as they did in 2016 after beating KBC 2-0 in the media challenge 5-aside tournament hosted at the Upper Hill High School on Saturday.Nation Media Group were crowned the champions after whipping rivals Standard Media Group 2-0 to win a World Cup replica trophy and Sh100,000 cash prize, runner-up took home Sh75,000 while third place went home with Sh50,000. To reach the third place play off, Capital FM had been edged out by Standard in the semis on post-match penalties after the match ended 1-1 in regulation time.Goal poacher Solomon Okeyo had put the Best Mix of Music team ahead in the first half with a scintillating goal after controlling on his chest a Kristian Malumbe measured long pass before beautifully turning to smash the ball past hapless Standard custodian Oliver Odida.However, Standard were back in the game after three minutes thanks to a well taken free-kick that caught the Capital FM shot-stopper Shaffi Soud flat foot.Capital FM captain Lassie Atrash receiving the third place play off trophy from SJAK vice chairman James Magayi. Photo/MILLER GIBBZThe goal woke up Capital FM, who went all attack in the able striking trio of captain Lassie Atrash, Okeyo and Malumbe but lady luck was not on their side as Standard were able to sit back and force a shoot-out.In the penalty kicks, Okeyo stepped up to take the first, placing it to the far left corner to put the Best Mix of Music team in front. Standard also converted theirs while the second shoot-out was well taken by Atrash who sent the keeper the wrong way, only for Standard to level.Capital FM missed their third penalty after Ali Athman saw his kick saved by Odida to put Standard on advantage point.However, Soud put their celebrations on hold after parrying away Rodgers Eshitemi’s penalty to bring the game back on level before he scored the next, but his corresponding keeper Odida also netted to send the game on sudden death.Ivy Mang’eli saw her penalty go over with Standard’s Rebecca Magoma netting hers past Soud to storm the final.L-R Capital FM’s Anita Nderu, Alex Isaboke and Ali Athman. Photo/MILLER GIBBZIn the playoff, a dominant Capital FM changed its starting line-up, putting Alex Isaboke on goal, Timothy Olobulu playing as stopper, Malumbe in the midfield while Joe Kisila and Anita Nderu were tasked upfront.Super subs, Okeyo and Atrash made the difference as the Best Mix of Music team coached by Ahmedin Gulu scored a goal in either half to complete a 2-0 victory.Okeyo opened the scoring after receiving a defense splitting pass from Malube to beat a KBC defender and find the back of the net at the stroke of half time.In the second half, Atrash sealed the win after banging home from a Okeyo assist.-Quarters-Capital FM’s Anita Nderu with Kristian Malumbe. Photo/MILLER GIBBZIn the quarter finals, Capital FM were too good for hosts StarTimes, winning 2-1 courtesy of Okeyo who found the target from the midfield before Atrash netted a breathtaking goal after taking on two defenders, putting the ball in the middle of the legs of one of them, then unleash a screamer past KBC keeper George Waka.To book a date with StarTimes, Capital FM had topped Pool D after opening their campaign on a 2-1 win against perennial rivals Radio Africa with Malumbe grabbing a brace. In their second match they were handed a walkover after Ghetto Radio failed to turn up.Capital FM rounded off heir preliminary round with a bang, thrashing ATG Radio 4-0 thanks to goals from Atrash, Okeyo, Malumbe and Kisila.The team will now head back to training to prepare for the Neymar Jr Five where they are set to represent Kenya in July away in Brazil.0Shares0000(Visited 4 times, 1 visits today)
Newcastle’s upcoming derby clash with Sunderland is a must-win game for the Magpies’ Premier League survival hopes, former chairman Freddy Shepherd has told talkSPORT.The Tyneside outfit slipped to a 1-0 defeat against table-topping Leicester on Monday in Rafael Benitez’s first outing as manager, a result which leaves them still one point from safety in 19th place.The Magpies showed feint signs of life against Foxes after just three days with Benitez at the helm, and following the Leicester game the new boss was confident his side have enough to avoid the drop.Shepherd shares the Spaniard’s optimism ahead of Sunday’s massive Tyne-Wear clash at St James’ Park, though he admits defeat to the Black Cats may spell doom for the side.Speaking on the Alan Brazil Sports Breakfast, Shepherd said: “At home we’ve got a great chance to beat Sunderland, I honestly believe that.“It looks pretty dismal for Newcastle at the moment, but we’ll come through. I think Sunderland is the biggest game of the season for us, without a doubt.Asked if he believed the cub’s foreign players know what the Tyne-Wear derby means to Newcastle, he replied: “No. Simple, no. but they will do at the weekend.“This is a huge game for both clubs, and if we lose against Sunderland I think we’re in real trouble.“At the moment we’ve got an escape route, and we’ll start to go along that with a win in the Sunderland game. But if don’t win in Newcastle we’ve got real problems.”
1 Jurgen Klopp returns to the Westfalenstadion for the first time since leaving Borussia Dortmund Jurgen Klopp has named his Liverpool team to face Borussia Dortmund in the Europa League quarter-final first leg.The German boss returns to the Westfalenstadion for the first time since leaving the Bundesliga giants last summer, a draw Klopp described as ‘a story only football can write’.The match – which is live on talkSPORT from seven o’clock (20.05 kick-off) – pits together two historic clubs in the last eight of the competition. CLICK HERE – for live commentary from Germany, see the starting line-ups below:Borussia Dortmund XI: Weidenfeller, Piszczek, Bender, Hummels, Schmelzer, Castro, Weigl, Durm, Mkhitaryan, Reus, AubameyanSubs: Bürki, Sahin, Ginter, Leitner, Pulisic, Sokratis, KagawaLiverpool: Mignolet, Clyne, Lovren, Sakho, Moreno, Henderson, Can, Milner, Lallana, Coutinho, OrigiSubs XI: Ward, Toure, Smith, Allen, Ibe, Firmino, SturridgeREAD MORE: Borussia Dortmund v Liverpool: Combined XI based on current form and fitnessREAD MORE: Liverpool news: Jurgen Klopp says he ‘won’t take pills’ to stop him celebrating if Reds score against Dortmund
Carlos Bacca scored 24 goals for club and country last season 1 West Ham have lodged a bid for AC Milan striker Carlos Bacca, according to reports in Italy.The Hammers are trying to get their transfer business done early this year ahead of their move to the Olympic Stadium and landing a forward is at the top of the agenda.Having failed with bids for Lyon’s Alexandre Lacazette and Bournemouth’s Callum Wilson, West Ham have now turned their attention to the highly-rated Bacca.The Colombian, who scored 24 goals for club and country last season, has been linked with a number of clubs in the last few months, including Manchester United.But now, according to Sky Italia, West Ham have slapped down a £15million offer.Milan are unlikely to sell the former Sevilla hitman for that price so the bid is expected to be rejected.However, the report does suggest that an offer close to the £20m region could tempt the Italian giants to part ways with the 29-year-old – so a deal could still be on the cards.
McHugh is congratulated by his team matesCarl McHugh’s looping header in the last minute earned Bradford a 1-0 win over Port Vale last night.And the Donegal man’s heroics had some significance for City – it was their fist win in 14 games.The three points also helped lift the Yorkshire side into 11th in the League One Table….and end Port Vale’s run of four and half hours without conceding a goal. McHugh’s header, from a corner, was greeted with mass celebrations among the 12,000 Bradord City fans at Valley Parade….and a few cheers in Lettermacaward too.The Donegal man Tweeted later: “Thanks for the messages, what a shift all the lads put in tonight. Fans were brilliant too and stuck with us.” McHUGH THE HERO AS LAST MINUTE HEADER ENDS 14-GAME RUT was last modified: February 19th, 2014 by John2Share 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:Bradford CityCarl McHughLettermacaward
DONEGALDAILY.COM is scouring the county looking for the best deals to save you money.And we think we’ve found you another cracker!Kevin Doherty Motors at Coolboy, just outside Letterkenny, has snow tyres on sale from just €25. That’s a huge saving on some other offers out there. And unlike some outlets, he also has rims for sale….if you don’t have the rims, you can’t fit the snow tyres!To avail of this offer call Kevin Doherty on 086 6000888 and quote ‘Donegal Daily Deal of the Day’.Follow us on www.twitter.com/donegaldailyFollow us on www.facebook.com/donegaldaily Sell anything on www.donegaldailyclassifieds.comDONEGAL DAILY DEAL OF THE DAY – SNOW TYRES FOR €25! was last modified: October 28th, 2011 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) Tags:DONEGAL DAILY DEAL OF THE DAY – SNOW TYRES FOR €25!
The craic was ’90’ as Ireland’s oldest working lady celebrated nine decades with family and friends.Mary Lafferty is a familiar face at Killybegs Community Hospital.But far from being a client of the hospital, Mary works at the centre where she walks to and from her house nearby each day. Not only does Mary help to teach computers at the hospital but she even helps give other clients a keep fit regime on a daily basis!Last year, Mary was entered into TV3’s Oldest Working Person in Ireland, where she picked up the Oldest Working Woman in Ireland title and appeared on Ireland AM to receive her prize.Mary had managed to keep her age a ‘national secret’ up until last year, when she had to disclose it for the competition!!Hospital staff and clients celebrated with Mary in the day hospital in Killybegs on Friday where staff even had a picture of Mary put on a cake. Mary is planning to celebrate in style today with all her family including all her great grandchildren, the actual day of her birthday. IT’S 90 NOT OUT FOR IRELAND’S OLDEST WORKER! was last modified: October 28th, 2012 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:Ireland’s oldest workerKillybegs Community HospitalMary Lafferty
Live Stats Story Links “Tonight, is a gut-wrenching result,” said Drake head coach Gareth Smith. “Our performance for the majority of the game was excellent and we deserved more from the game. The game plan was clear and resulted in us dominating big for the first half and portions of the second half. We created over 20 attempts on goal and that is more than enough to win the game. However, when you don’t covert your chances into goals you always leave the door open for that one chance for the opponent to hurt you and that is what Bradley did tonight. Credit to Bradley in that they hung in there and weathered the storm for like long periods and punished us on a final action in the box. Our attackers need to be more clinical and ruthless in front of goal in order to prevent a result like this from taking place.” Wintermeyer’s game-winner came off a cross by teammate Austin Bell, who sent a cross from the left side into the box that Wintermeyer jumped and flicked into the upper left corner past Drake goalkeeper, Jared Brown (Aurora, Ontario). Missouri State 10/27/2018 – 7 PM Preview Full Schedule Roster Photo Gallery DES MOINES, Iowa – Gerit Wintermeyer of Bradley scored a golden goal in the 99th minute in a 1-0 defeat for the Drake University men’s soccer team Saturday night in Missouri Valley Conference play at the Cownie Soccer Complex. Redshirt junior Alex Peterson (Duluth, Minn.) and redshirt senior Steven Enna (Overland Park, Kan.) had the two best scoring chances for Drake. Peterson headed a ball late in the first half that drilled the crossbar but was cleared while Enna had a nifty spinning shot from inside the Braves’ box late in the second period, but the shot was saved by Bradley’s goalkeeper, Albert Reinwart. Sophomore Ryan Johnston (West Des Moines, Iowa) had the Bulldogs’ last scoring chance in the 88th minute, but Reinwart saved it as well. Brown and Reinwart each made eight saves. Next Game: Drake (6-5-2, 1-2-1 MVC) and Bradley (7-4-3, 1-4-0 MVC) combined for 31 shots (20-11) with the Braves taking nine on goal to eight for the Bulldogs. Drake had a 12-1 advantage in the first half, but Bradley outshot the Bulldogs 10-8 the rest of the match. PDF Box Score Drake hosts Missouri State Oct. 27 in the team’s final home game of the season. First kick is 7 p.m. and the Bulldogs’ Senior Night ceremony will be held prior to the game with the Bears. Print Friendly Version