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PSL: UP, Foton meet for 7th place

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first_imgCONTRIBUTED PHOTOUniversity of the Philippines-United Auctioneers, Inc. and Foton arranged a battle for seventh place in the Philippine Superliga Invitational Conference at Imus Sports Center in Cavite.Isa Molde came through for the Lady Maroons, who shook off a slow start to beat Cocolife, 23-25, 25-20, 25-16, 25-13, for their first win in the tournament.ADVERTISEMENT Palace OKs total deployment ban on Kuwait OFWs Putin’s, Xi’s ruler-for-life moves pose challenges to West Report: Disney dropping the ‘Fox’ from movie studio names Trump assembles a made-for-TV impeachment defense team Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Don’t miss out on the latest news and information. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Sports Related Videospowered by AdSparcRead Next Setter Ayel Estrañero also came up big with 35 excellent sets and 16 digs.“Today it went well and the team really deserves the results even though we started in a shaky way,” Okumu added.With the loss, the Asset Managers face the Iron Lady Warriors for 9th place also on Thursday.ADVERTISEMENT MOST READ View comments The Tornadoes, meanwhile, didn’t break a sweat after it won by default against University of the East-Cherrylume.The Lady Warriors couldn’t get to the venue due to the heavy rain and flood as ‘Henry’ intensified to a tropical storm midday Tuesday.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’The game between UP and Foton is on Thursday at Filoil Flying V Centre in San Juan.Molde fired 17 points with 14 kills, two service aces and a block and also got enough help from her teammates Marian Buitre, Abi Goc and Jessma Ramos, who combined for 26 points. Jones Cup: Ateneo comeback falls short vs Canada In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Lacson: Calamity fund cut; where did P4 billion go? Volcano watch: Island fissures steaming, lake water receding LATEST STORIES ‘High crimes and misdemeanors’: Trump impeachment trial beginslast_img read more

LBDI Sound, Vibrant

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first_imgThe Liberian Bank for Development and Investment (LBDI) has debunked media reports suggesting that it is nearing insolvency. In a statement issued in Monrovia late Monday evening, Jan. 13, the Bank’s Management said LBDI’s financial liquidity position is sound and vibrant.“The financial soundness of LBDI is unquestionable,” said LBDI president &CEO John B.S. Davies, III.Mr. Davies’ comments were in reaction to the Monday, January 13, 2014 editions of two local newspapers alleging that LBDI is nearing bankruptcy and that the Bank’s management has applied to the Central Bank of Liberia (CBL) for a bailout.According to the two papers, LBDI customers are frequently concerned about transactions at the Bank and do not bother with the Bank’s real financial issues.The papers also reported that LBDI has apparently been overwhelmed by borrowing, prompting fears that it might announce insolvency due to what they called “the failure of creditors including the government of Liberia, to meet their obligations to the Bank.”The two papers named the government of Liberia as one of LBDI’s delinquent borrowers whose delinquency in repayment have stuck LBDI in a quagmire to pay millions of United Sates dollars it borrowed from LBDI.Reacting to the allegation of LBDI’s insolvency, the CEO Mr. Davies described the publication as “a mere tabloid” intended to undermine the Bank’s growth trajectory. He observed the articles with numerous paragraphs of verbatim were planted adverts loaded with a barrage of misinformation intended to cause panic and create a crisis of confidence by causing a run on the Bank. “The action by detractors of the Bank also undermines the stability of the banking sector as well as the hard-earned progress made in the sector to date,” the LBDI CEO stated. He assured shareholders, customers, investors, and the public at large that LBDI remains strong, viable and solvent and is compliant with the requisite financial soundness indicators governing banking in Liberia.The LBDI boss particularly questioned the motives behind the publication as his office was not contacted before said publication by the two papers.“Under the principle of balanced reporting and professional journalism, the two papers failed to contact the Management of LBDI to ascertain the facts on the information published. What is even more disturbing is the inability of the papers to take note of the financial soundness indicators returns of the CBL which are available and speaks to insolvency of any bank,” Davies said in the statement.He clarified that in banking terms, a bank is insolvent when it can no longer meet its financial obligations with its depositors or lenders as payment become due. “But this is not the case with LBDI as the articles tend to suggest,” Davies added.Touching specifically on the financial soundness of LBDI, the CEO disclosed that as at December 31, 2013, LBDI’s minimum reserve holding at the CBL was US$23.71 million and L$1.29 billion.According to him, the minimum liquidity ratio set by the CBL is 15%, but LBDI’s liquidity ratio as at December 31, 2013 was 47% and reflects a liquidity surplus of 32%.Mr. Davies also clarified that the CBL’s capital adequacy ratio (CAR) requirement is 10%; but the CAR of LBDI is 19% and is 9% in excess of the minimal capital requirement. The LBDI boss declared that LBDI’s on shore and offshore cash position as at December 31, 2013 is US$53.5 million, while the Bank’s balance sheet grew by 17% last year.“In the writers’ flawed understanding of the relationship between the LBDI and the regulator (CBL), they incorrectly suggested that the US$10 million placement done by the CBL to stimulate the home mortgage sector was meant to rescue the Bank from liquidity problems. But the writers failed to note that LBDI’s cash balances were in excess of US$40 million at the time of the initiation of the mortgage stimulus,” he explained.He insisted that given the long term nature of the resources required for financing mortgages and fact that LBDI resources (deposits) are short term, the CBL intervention to provide a stimulus for mortgage lending was prudent and necessary.Mr. Davies also insisted that as the lead development finance institution of Liberia, LBDI has the fiduciary role of mobilizing resources for development of strategic sectors to create jobs, reduce unemployment and to provide bridge financing arrangements for the implementation of publicly funded construction projects, amongst others.Davies reassured the public including investors, depositors, shareholders, and other stakeholders that the Bank is sound financially and would continue to be vibrant.“LBDI,” he said, “has been around for 49 years and it was here when literally every financial institution turned its back on Liberia and abandoned depositors in our desperate hours.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Over 4000 teachers on country-wide strike

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first_imgBy Davina Ramdass, Andrew Carmichael, Utamu Bell & Mohanlall SuelallThousands of students decked out in their new uniforms, bags and shoes were on Monday morning greeted with the absence of teachers, and in some cases closed school doors and padlocked gates, as they made their way to school for the beginning of the new school year.Students lingering in a classroom at a Berbice school as their teachers strikeThis was the scene at many public schools on Monday, even as the Education Ministry continues to face the full wrath of the Guyana Teachers Union (GTU), whose members gathered in their hundreds outside the Education Ministry’s Brickdam, Georgetown office as they continued to call for a ‘livable income’.Covered by umbrellas and placards, the rain could not hinder the just over 4000 determined educators from all across the country, who joined the protest line in their respective regions as they put pressure on the Government for increased salaries.Anxiously awaiting a positive word from Government, the teachers were represented by GTU General Secretary Coretta McDonald, who related that the Union is ready to call off the strike if a substantial deal is brokered.“The Union’s position at this time is that we are prepared to go to arbitration. However, if there is somebody from the Government who will come to talk to us, and they have a substantial amount that they are going to give us with regards to percentage, we will accept that… We shall await what they have to offer, and we (will) talk around that,” she said.Another Berbice classroom without teacherMcDonald noted that the Union would continue its industrial action until the Government makes a favourable decision to benefit not only teachers, but students as well.The teachers’ representative pointed out that plans are in place to provide partial strike relief to GTU members, even as several organizations have come on board and are willing to contribute food items such as rice, sugar, flour, cheese and several other necessities for the teachers and their families.Teachers’ plightThe General Secretary maintained that the wages being given to teachers are not enough, and a few educators explained to this newspaper the plight of teachers.A male teacher, who is also a father said, “You (the Education Ministry) should give some consideration to teachers as well as the nation’s children… For me, I am living in a rental house, and my salary is below $100,000, and I have to pay rent, I have to take care of the bills and so forth; so it’s very hard for me”.Stephon Josiah, a teacher at Brickdam Secondary, related that he is shocked at the Ministry’s actions. “I expect a minister to be way more responsible than that, and I’m sure all the teachers out here — and the others who are scared to be here at the moment because of the threats — I’m sure that they are disappointed in the Minister also. We expect them to be reasonable,” he explained.Stacy Benjamin of Lodge Secondary School told this newspaper she is shocked and amused that Education Minister Nicolette Henry believes experienced teachers can be replaced by a few trainees.Region TwoA number of public schools have gone on a complete shutdown due to the teachers’ strike. Reports are that some teachers in Region Two (Pomeroon-Supenaam) are even being threatened to report to work or face the consequences of being transferred to riverine and interior locations. This did not stand well with teachers in the region, who protested at the Department of Education at Cotton Field, Essequibo Coast.According to a GTU representative, Desiree VanLewin,   about 75 per cent of the schools participated in the strike, and she is hoping to get a better turnout, come Wednesday at the next protest.Teachers turned out to support the strike from all branches of the union, which included the Pomeroon, North, Central and South Essequibo. The teachers called on the Government to lead by example as they chanted, “You raised your salary by 50%; what about ours? We are the reason for your success; why suffering us? We don’t want a clash; pay us our cash. No pay, no school!”A visit to various schools in the region showed signs of children playing and lingering during school hours.Close to 200 picketers were also present in front of the Regional Education Office in Region Three (Essequibo Islands-West Demerara), having joined the call for a salary increase.LindenHundreds of teachers in Region 10 (Upper Demerara-Berbice) took to the streets to protest Government’s unwillingness to raise their salaries.Schools from across the region saw poor turnout of students. Though some teachers and trainees were present at various schools in Linden, some schools in riverine areas recorded zero turnout of both teachers and students.Numerous students from nursery, primary and secondary schools, clad in their uniforms, were observed returning to their homes in Linden; with some explaining that they were told to return to school when the strike is called off.Parents of nursery school students were also observed collecting and taking their children back home from school in the early hours of the day.Monday morning saw scores of teachers, including head teachers, taking to the streets, settling in front of the Regional Education Department. They were decked with placards which read “Pay us our monies”, and “No money, no wuk, Teachers fed up”, among other things.The teachers also chanted, “No money, no work” and “They work we like a donkey and pay we like a junkie”.Teachers protesting in Lethem, Region NineRegional GTU General Council Representative, Ferdinand McLeod, told this publication that teachers would not let up until they receive desired results. McLeod noted that the placement of substitute teachers at various schools was also a “slap in the face” of teachers.Parents and guardians also came out to show their support. “I feel real bad this morning when I dressed my grandchildren and send them to school. But, then again, I am here to support because our teachers need more money,” a supporter said.WCD/EBDGuyana Times was told that pupils of the Peter’s Hall Primary on the East Bank Demerara Corridor were sent home, while the doors of the Houston Primary remained padlocked.Meanwhile, on the West Coast of Demerara (WCD), the Zeeburg Secondary School had quite a number of students and teachers, who reportedly were threatened with being transferred if they did not turn up to work on Monday.On the other hand, at the Windsor Forest (WCD) schools, several children and their parents were seen lingering outside the buildings with high hopes. The situation was almost the same over at the Vreed-en-Hoop Primary and Secondary schools, where teachers were seen picketing.While not all schools were on complete shutdown, a few teachers were absent from several schools, such as the Kuru-Kururu Primary, Diamond Secondary, and a few others.Teachers protesting outside the Department of Education in Region TwoScores of schools along the East Coast of Demerara were also hard hit by strike action imposed by the GTU when dozens, if not scores, of teachers failed to turn up for the first day of school, or turned up but opted not to teach.Officials on the ground say that Education Ministry personnel have been visiting various locations, and have been assessing the situation. While there was a visible presence of substitute teachers from the Cyril Potter College of Education on stand-by, it is not clear whether they were forced to teach lessons as the new school term begins.From Cummings Lodge to Better Hope, and from BV to Buxton, as well as areas such as Enterprise, Ann’s Grove, Mahaicony and Mahaica, there was marked uncertainty about what was taking place. This forced some parents to return home with their children, while others left them at the mercy of the school’s administration wherever teachers did report for duty.While confusion reigned in the capital city and in other parts of the country, the Education Minister found herself doing ‘traditional’ visits to schools in Region Six, East Berbice Corentyne.This newspaper was told that the Minister “thanked the head-teachers, teachers and trainee teachers for reporting for duty to serve the nation’s children, and wished the students and pupils well as they embark on the new school year. During further interactions, parents were also thanked for ensuring that their children attended school from the beginning of the new school year”.BerbiceIn Berbice, Region Six (East Berbice/Corentyne) only a small percentage of teachers turned up at school. Scores of parents reported to this newspaper that they received telephone calls from the schools their children attend, urging them to go and collect the children.When children arrived at schools on Monday morning, most of the teachers were there but only to hand over keys and to ensure that they had relinquished the responsibilities they had relative to their respective schools. The teachers left soon after for another planned activity.Many students followed. At some schools about 15 per cent of the teachers remained. Of the 38 teachers at one school, only five remained. Three of them had reported absent.At another school, eight teachers remained of the 35.Many of those who remained called parents to collect their children from school.However, Education Minister Nicolette, Henry who visited several schools in the region, urged the students to continue to attend school even as the teachers are on strike.The Minister had said that arrangements would be put in place should the strike continue when schools open. Those arrangements included the hiring of retired and trainee teachers.One of the retired teachers is Bheena Ragruhaj, 61-year-old former Head teacher of Tutorial Academy Secondary, who taught for 38 years. She told this publication that she is happy to help because of her love for teaching.According to Ragruhaj, she was asked to assist and told to go the Berbice High School. The former English teacher noted that there were no remuneration discussions held with her. Currently, she, like all the others who are assisting and who spoke with Guyana Times, said they are unaware of the money they will be paid to assist.While some parents have indicated to this newspaper that they will not be sending their children to school as long as the strike continues, others say their children will be attending school today.last_img read more

Lacrosse registration open for upcoming season

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first_imgFORT ST. JOHN, B.C. – Registration for the 2018 Lacrosse season is now open for the Senior and Minor Box Leagues.Free drop-in sessions will be offered for those who want to come and give the sport a try in the coming weeks. Sticks will be provided, clean shoes and full face helmet won’t be. For those who register before February 28th, they will receive a free Grizzlies shirt. In addition, the Lacrosse League is looking for referees who are 13 years of age and over, and coaches for numerous divisions. Certificate clinics will be offered free of charge.To play in the Senior League you must be 17 years of age or older. It is a non-contact league and requires a stick, full face helmet and gloves as they are not provided. Floor times will be Tuesday and Thursday. The season runs from April 3rd to June 26th. Registration fees are $125 for the season.- Advertisement -For more information or to register visit www.fsjminorlacrosse.com, the FSJ Lacrosse Facebook page, or email fsjsrlacrosse@gmail.com.last_img read more

Heavy snowfall means non-stop snow clearing in Fort St. John and Dawson Creek

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first_imgWorkers in that city have been working extended hours with additional contracted equipment to remove all of the holiday snowfall. Here in Fort St. John, Public Works staff are removing the windrows of snow from downtown streets, so drivers who notice workers ahead of them are asked to avoid the area and turn a few streets away from them. The City says crews are currently clearing streets in the northwest quadrant of the city, and will be hauling snow all week.- Advertisement -Fort St. John has received another four centimetres of snow this morning, bringing the unofficial monthly total to 121.5 centimetres, surpassing the 1980 record of 118.3.last_img read more

Poll: Is it Wales or Bales?

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first_imgThere’s no doubt that Gareth Bale has been Wales’ key man in their successful Euro 2016 qualifying campaign, but are they are a one-man team? Have your say below… 1 Gareth Bale last_img

Liverpool and Real Madrid fighting it out to sign former maestro

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first_img Xabi Alonso is one of Spain’s most decorated players Liverpool and Real Madrid are ready to go head to head for the signature of Xabi Alonso.The midfielder’s contract with Bayern Munich expires in the summer and he is yet to be offered a new deal.The 34-year-old has insisted he is relaxed about the situation but that has not stopped clubs enquiring after his services.Both Liverpool and Real Madrid, according to Spanish news outlet Vozpopuli, want to sign Alonso on a free next summer and are bracing themselves for a tug of war.The Spaniard has previously spent five seasons at both clubs, representing Liverpool from 2004 to 2009 before joining Real Madrid for £30m.Alonso reportedly wants his next contract to be for three years and as of yet Bayern are unwilling to offer that length of deal. Getty center_img 1last_img read more

Man United target Renato Sanches ‘holding out for Barcelona move’ – reports

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first_imgPortuguese wonderkid Renato Sanches is ready to resist the lure of Manchester United as he holds out for a move to Barcelona.United boss Jose Mourinho is a big fan of his teenage compatriot, despite the midfielder’s mixed first season at Bayern Munich.The German giants splashed out what could rise to £70million to land him from Benfica this time last year but he managed just six Bundesliga starts during the campaign.That has led to suggestions that he could move on as early as this summer and United have been linked again, especially considering Mourinho and Sanches share the same agent.But, according to reports in Spain, the 19-year-old would much prefer a move to Barcelona as the Nou Camp club consider a move.New Barca boss Ernesto Valverde is looking to make a mark on the club during his first summer window and has made signing young talent his priority.Now it has been suggested that he is ready to turn his attention to Sanches, who will not take much convincing to join him in Spain. 1 Renato Sanches is keen on a move to Barcelona, according to reports last_img read more

GAELIC GAMES: NAOMH CONAILL GAA CLUB NEWS

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first_imgThere was no winner of last weeks lotto. The numbers drawn were 1,13,15 and 23. Two prizes of €50 went to Sadie Ward Mc Closkey Cresent and Enda Mc Guigan Ard Connell. Next weeks jackpot is €5,600.The February draw in the 200 Club took place at the Community Centre bingo last Tuesday. The following were the winners 1st prize €500 Connell Mc Loone Tullyard Road. 5 prizes of €100 each- Maggie Timoney The Rock, Rosaleen Doherty Station Road, Brid Furey Ard Patrick, Peadar Doherty Fintown and Michelle Flannery Stonepark.The clubs Presentation Dinner Dance will take place in the Highlands Hotel this Friday 8th March at 8pm. Music by The Gate Crashers. Jim Mc Guinness and a number of All Ireland players will be in attendance. Tickets €30 and are available from The Craft Gallery, The Highlands Hotel, The Co-Op and Maxwells Ballinamore. D’imir an fhoireann sinsear Cloich Cheann Fhaola trathnona De Sathairn i gComortas Peile na Gaeltachta, scor deireanach Cloich Cheann Fhaola 1-10 1-08 Naomh Conaill.The closing date for 2013 membership is fast approaching. Adult membership is €40, youth €20(for families with a number of children its €20 each for the first two children and €10 for each additional child). There is also €100 membership which includes membership and entry into the weekly lotto. Only paid up members are allowed to use the gym. Anyone wishing to play for Naomh Conaill this year must have their membership paid before their first game or by membership closing date. A registration/membership morning will take place this Saturday morning 9th March in the Clubhouse between 11am and 12 noon.The minor board would like to thank all those who helped in anyway to make there recent presentation a great success. Thanks to all the underage teams for there attendance and congratulations to them all on their success in 2012 – particularly a big well done to those who won championship medals. A big thank you to all the managers and mentors of our underage teams for all their hard work last year. Thanks to our own Marty Boyle for coming along on the night to present the medals and to Patsy Furey for getting us the Sam Maguire. To the ladies who helped with the refreshments and the parents for providing the food – Thank You. A very special thank you to the committee of the Community Centre for allowing us to hold our presentation there.GAELIC GAMES: NAOMH CONAILL GAA CLUB NEWS was last modified: March 6th, 2013 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:GAELIC GAMES: NAOMH CONAILL GAA CLUB NEWSlast_img read more

DISAPPOINTMENT FOR CONVOY U13 GIRLS AS THEY LOSE OUT TO KILLYBEGS IN COUNTY FINAL

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first_imgConvoy GAA News:Club Lotto Result 13/10/15 DL RN TE TY 2 Matched 3  Kevin Harkin and John Lynch Convoy Nx weeeks jackpoy €2650. Ladies training wed @7 and Fri@ 7.30 our Ladies will Play Buncrana in The League play off Date TBC.G4M&O Wed at 8.15 all welcomeUnderage Training on Friday Can all Coaches Please attend well done to our U 10 squad who travelled to Newtown for a friendly on Sat Morning .Hard luck to Our U 13 Girls who lost out to Killybegs in The County Final on Sat in Donegal Town .A great game by all involved and it had to be decided with extra time but the Killybegs girls held on and won by 2 points.U 13 Boys training as Norm with The Northern Board final set for the Weekend Manager will inform players during the week Good Luck Boys.Our Reserves lost out to Carndonagh on Friday Night that Concludes their season for the Year.Best wishes to all our younger players who are involved with Various Development Squads at the moment Keep up the God Work.We are Hosting Our Halloween Disco again this year Details will be posted up soon.Thanks to everyone who has helped out at Matches we have hosted over the past few weeks.Can All Mangers who have notes for year book please email or text TO Pro Mairead (maireadbrowe@ymail.com)     ASAP if I don’t receive any I can’t put them in I just need something short thanks . DISAPPOINTMENT FOR CONVOY U13 GIRLS AS THEY LOSE OUT TO KILLYBEGS IN COUNTY FINAL was last modified: October 20th, 2015 by Mark ForkerShare 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:GAASportlast_img read more