first_imgI&M Bank (Rwanda) Limited (IM.rw) listed on the Rwanda Stock Exchange under the Banking sector has released it’s 2019 presentation For more information about I&M Bank (Rwanda) Limited (IM.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the I&M Bank (Rwanda) Limited (IM.rw) company page on AfricanFinancials.Document: I&M Bank (Rwanda) Limited (IM.rw)  2019 presentation Company ProfileI&M Bank (Rwanda) Limited is a leading financial institution in Rwanda offering products and services for the retail, commercial and corporate banking segment. Personal banking products range from current accounts and short or fixed deposits to personal, vehicle, home and building loans. The corporate division offers financial solutions for sole proprietorships, partnerships and corporations which range from overdrafts, investments and equipment and vehicle loans to purchase and disposal of foreign currency and treasury services. This includes issuing letters of credit and guarantee, export and import trading, insurance premium financing, and e-banking services. I&M Bank (Rwanda) Limited is a subsidiary of I&M Bank Limited and is based in Kigali, Rwanda. I&M Bank (Rwanda) Limited is listed on the Rwanda Stock Exchangelast_img read more

first_imgAmmado put into liquidation with €3.8m of donations unaccounted for About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Tagged with: Finance online fundraising sites  422 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis125 Global online donation platform Ammado was wound up this week after liquidators were called in following a High Court hearing in Dublin.According to the hearing, the Revenue Commissioners first petitioned to wind up the Dublin-based business last September. Myles Kirby of Kirby Healy accountants was last month appointed as liquidator of Pembroke Dynamic Internet Services, which previously traded as Ammado Internet Services.The court hearing came after the company failed to pay the Revenue around €400,000 of debt.Donations amounting to €3.8m made to charities through Ammado are also said to unaccounted for, as is Managing Director Peter Conlon although it is believed that he may be in custody in Switzerland.Charities Institute Ireland has opened an inquiry into the business and issued advice on 31 January, suggesting that any charities affected by the liquidation log into their accounts and take screengrabs showing money owed before the site is shut down.center_img Melanie May | 1 February 2018 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis125 The Irish Red Cross has posted a statement on its website, assuring the public that their donations to the charity had not been affected. It said it became aware of issues at Ammado in April last year, when it stopped using the platform as a result:“The Irish Red Cross was made aware of issues at the fundraising service provider by the International Federation of the Red Cross (IFRC) in April 2017. The IFRC and many of its national societies, including the Irish Red Cross, had been using the Ammado service since 2011, but last April the IFRC alerted all national societies of business conduct issues with the platform and advised all national societies to immediately suspend their use of Ammado.“The Irish Red Cross took immediate action and closed down its Ammado account. All monies raised for the Irish Red Cross on the Ammado platform had been collected prior to the closure of the account so there are no outstanding monies owed to the Irish Red Cross by Ammado.”Ammado launched in 2005 and offered online fundraising and donation services for both non-profits and companies, which could set up their own fundraising campaigns through the site to benefit one or many charities. According to its site, it facilitated donations in over 80 currencies, 20 payment methods and numerous languages, and worked with thousands of charities worldwide including Amnesty, Medicins sans Frontieres and UNICEF.With 2015’s Nepal earthquake for example, it helped both charities and companies launch appeals through its platform, raising millions from donors in 135 countries for Save the Children, Oxfam and Red Cross Red Crescent among others. It also offered additional services such as its donations cards, launched first for corporates and giving companies the opportunity to buy donation gift cards for employees or clients and in 2016, to engage young people with philanthropy through the Ammado Philanthropy Academy, which enabled people to buy donation gift cards for children who could choose from a selection of charities to give to.  421 total views,  3 views todaylast_img read more

first_img Report: FHA Must Reduce Share of High-Risk Loans Tagged with: FHA FHA Loans high risk loans Data Provider Black Knight to Acquire Top of Mind 2 days ago In a briefing on FHA loans, the AEI Housing Center said the agency needs to work to reduce its share of high-risk loans and do more to help build the supply of affordable housing.Edward Pinto of AEI said while the GSEs have worked to de-risk in recent years, the FHA is “picking up the slack,” which is leading to an unsustainable home-price appreciation gap. The report found that the mortgage risk index (MRI) for FHA loans in the low-price tier was 28.9% in September 2018. That fell marginally to 27.3% in September 2019. The agency said high-risk loans have an MRI of more than 12%. Additionally, the FHA has 47% of high-risk loans in the entry-level tier—a place where the agency does 80% of its business. Pinto said that while the GSEs are moving in the right direction as the housing boom enters its 9th year, they’re actions alone are not enough to impact home-price appreciation. The small change is also impacted by the FHA taking on more high-risk loans. Pinto added that the FHA must not only work to de-risk but reduce the number on entry-level loans and work to promote affordable housing options. Home-price appreciation remained in line for most of the 1990s but began to veer off course during the early 2000s. The gap between home-price growth results in the Great Recession that began in 2007 and ended in 2011 once home prices corrected, falling below wage growth. However, a similar trend of separation began in 2015 and home-price appreciation is one again distancing itself from wage growth. CoreLogic’s latest Home Price Index found home prices rose 3.7% annually in November 2019 and are expected to increase by 5.3% by November 2020. However, the Bureau of Labor Statistics’ most recent report, released on January 10, revealed average earnings rose just 2.9% over the past year and increased 3 cents month-to-month to $28.32.Among the reasons for the continual rise in price is the tightened supply, as the industry sits at the supply of around 2-2.5 months. Tobias Peters noted several policies—from both the FHA and GSEs—that he called “pro-cyclical,” causing a further imbalance of supply and demand. “All these policies have in common is they stimulate demand against supply,” Peters said. Additionally, the AEI report found that FHA loans have a Mortgage Default Risk of 31% as of September 2019.  Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago FHA FHA Loans high risk loans 2020-01-15 Mike Albanese Share Save  Print This Post Home / Daily Dose / Report: FHA Must Reduce Share of High-Risk Loans in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 15, 2020 830 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Streamlining the Uniform Mortgage-Backed Security Next: FHFA Appoints CSS Chairman Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Related Articles Sign up for DS News Daily Subscribe About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

first_imgTop StoriesIn Transnational Child Custody Cases, ‘Mirror Orders’ From Foreign Courts Ensure Welfare Of Minor: Supreme Court [Read Judgment] LIVELAW NEWS NETWORK29 Oct 2020 7:10 AMShare This – x”The object of a mirror order is to safeguard the interest of the minor child in transit from one jurisdiction to another, and to ensure that both parents are equally bound in each State”.The Supreme Court applied the concept of ‘mirror order’ in a case involving transnational custody of a child.When a court allows the shifting of a child to a foreign country, it may impose a condition that the parent in the foreign jurisdiction should also obtain a similar order of custody for the child from a competent court there. Such an order is called a ‘mirror order’. This condition…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court applied the concept of ‘mirror order’ in a case involving transnational custody of a child.When a court allows the shifting of a child to a foreign country, it may impose a condition that the parent in the foreign jurisdiction should also obtain a similar order of custody for the child from a competent court there. Such an order is called a ‘mirror order’. This condition is imposed to ensure that the courts of the foreign jurisdiction are also put on notice regarding the matter and to ensure protection of the child.In a judgment passed on Wednesday (October 28), a 3-judge bench comprising Justices UU Lalit, Indu Malhotra and Hemant Gupta(2:1 majority) applied this concept while allowing the custody of a child to a man located in Kenya(Smriti Madan Kansagra v Perry Kansagra).The majority of Justices Lalit and Malhotra held that the father was entitled to the permanent custody of the child and allowed him to shift his son to Kenya. However, the court imposed a condition that the father should obtain a ‘mirror order’ from Kenya.Explaining the objective of ‘mirror order’, the judgment authored by Justice Indu Malhotra stated :”The object of a mirror order is to safeguard the interest of the minor child in transit from one jurisdiction to another, and to ensure that both parents are equally bound in each State.The mirror order is passed to ensure that the courts of the country where the child is being shifted are aware of the arrangements which were made in the country where he had ordinarily been residing. Such an order would also safeguard the interest of the parent who is losing custody, so that the rights of visitation and temporary custody are not impaired”.The judgment noted that the concept originated in English Courts. Such orders are passed to safeguard the interest of the child who is in transit from one jurisdiction to another. The courts have found mirror orders to be the most effective way of achieving protective measures.The SC explained that a ‘mirror order’ is ancillary or auxiliary in character, and supportive of the order passed by the court which has exercised primary jurisdiction over the custody of the child. The judgment of the court which had exercised primary jurisdiction of the custody of the minor child is however not a matter of binding obligation to be followed by the court where the child is being transferred, which has passed the mirror order. The judgment of the court exercising primary jurisdiction would however have great persuasive value, explained the judgment.The judgment further noted that the Delhi High Court in Dr. Navtej Singh v. State of NCT of Delhi & Anr directed the husband to obtain a mirror order of the directions issued by the High Court, from the Superior Court of the State of Connecticut of Norwalk, U.S.A. The judgment of the High Court was affirmed by the Supreme Court in Jasmeet Kaur v. State (NCT of Delhi) and Anr(2019).Therefore, the Court allowed the father to take custody of the child subject to the condition that he should obtain a ‘mirror order’ from a competent court in Nairobi, Kenya, reflecting the directions in the judgment of the Supreme Court within a period of two weeks.After the mirror order is filed before this Court, the father was directed to deposit a sum of INR 1 Crore in the Registry of the Supreme Court, which shall be kept in an interest bearing fixed deposit account (on auto­renewal basis), for a period of two years to ensure compliance with the directions contained in the judgment.The mother of the child was given access and visitation rights over the child on terms and conditions.The Court relied on Section 17(3) of the Guardians and Wards Act, which requires due consideration to be given to the wishes of the child if the child is old enough to form an intelligible preference. The judgment indicates that the Court had a personal interaction with the child in Chambers during the pendency of the proceedings, to ascertain his aspirations and wishes. Justice Hemant Gupta dissented from the majority judgment to hold that the custody of the child should remain with his mother in Delhi.Case DetailsTitle : Smriti Madan Kansagra v Perry Kansagra (Civil Appeal No. 3559/2020)Coram : Justices UU Lalit, Indu Malhotra and Hemant GuptaAppearances : Senior Advocate Shyam Divan & Advocates P Banerjee and Nidhi Mohan Parashar(for appellant) and Advocates Anunya Mehta and Inderjeet Saroop(for respondent) Click here to download the judgment Read JudgmentNext Storylast_img read more

first_img Tags: Juab High School/Richfield High School Brad James November 26, 2019 /Sports News – Local Prep Sports Roundup: 11/26 FacebookTwitterLinkedInEmailBoys BasketballNon-RegionRICHFIELD, Utah-Emmitt Hinck amassed 22 points on 8-11 from the field and 3-5 behind the arc as the Richfield Wildcats hammered Juab 71-42 Tuesday in non-region boys basketball action. This was the first game of the season for either team. The Wildcats also shot 93.8 percent (15-16) at the foul line and posted 22 assists on 25 field goals as they shot 25-43 (58.1 percent) for the game. Joshua Thalman added 13 points on 6-12 shooting for the game for the Wildcats. Kai Taylor posted 12 points on 5-8 shooting from the field for the Wasps in defeat.Richfield next hosts Pine View December 3 in non-region action and Juab will play Wednesday afternoon against Class 5-A foe Timpanogos at the UVU Tip-off classic at 1:00 pm so the Wasps will have a swift turnaround.JUNCTION, Utah-Quade Gleave’s 22 points led the Piute Thunderbirds to a 55-53 win over Beaver in non-region boys basketball action Tuesday. Kelby Jessen added 17 more points in the win for Piute. Ky Brown netted 18 points in defeat for the Beavers.STANSBURY PARK, Utah-Peyton Thevenot netted 23 points and the Stansbury Stallions edged Delta 64-63 in non-region boys basketball action Tuesday. Derek Smith posted 33 points in the loss for the Rabbits.MT. PLEASANT, Utah-Landon Bowles stepped up with 20 points and the North Sanpete Hawks got past South Sevier 61-55 in non-region boys basketball action Tuesday. Brennen Hunt’s 16 points and 7 rebounds led the Rams in the loss.MANTI, Utah-Grady Thompson keyed a balanced scoring attack with 15 points and the Manti Templars clobbered South Summit 80-35 Tuesday in non-region boys basketball action. Payton Sanderson had 11 points in defeat for the Wildcats.Enterprise Blue & Gold TournamentENTERPRISE, Utah-Burke Mickelsen’s 21 points led the way as the North Sevier Wolves cruised past the Hurricane JV 63-44 at the Enterprise Blue & Gold Tournament Tuesday. Marshall Okerlund added 14 points in the win for the Wolves.Girls BasketballNon-RegionCEDAR CITY, Utah-Ashlyn Banks posted 23 points and 11 rebounds, leading the Canyon View Falcons to a 53-46 win over Manti in non-region girls basketball action Tuesday. Taylor Chidester had 13 points in the loss for the Templars.RICHFIELD, Utah-Jarica Steck nailed seven 3-pointers en route to 24 points as the Richfield Wildcats pounded Juab 64-41 Tuesday in non-region girls basketball action. Sipola Vakautakakala added 20 points in the win for the Wildcats. Megan Robins had 11 points in the loss for the Wasps.FILLMORE, Utah-Kobree Penney netted 17 points and the Millard Eagles humbled Delta 54-5o Tuesday in non-region girls basketball action. Jadee Dutson and Jordyn Nielson each posted 16 points in the loss for the Rabbits.GUNNISON, Utah-Mia VanDyke and Rian Christiansen led the way with 11 points apiece as the Gunnison Valley Bulldogs pounded North Sanpete 60-29 in non-region girls basketball action Tuesday. Sarah Oldroyd had 15 points for the Hawks in defeat.BEAVER, Utah-Kenzlee Carter stepped up with 22 points and six steals as the Beaver Beavers edged the Panguitch Bobcats 49-46 Tuesday in non-region girl basketball action. Mataya Barney posted 16 points and 8 rebounds in the loss for Panguitch.SALINA, Utah-Macady Goble netted 17 points and Kamree Brunson added 16 more as the North Sevier Wolves bested Parowan 50-45 in non-region girls basketball action Tuesday.Enterprise Blue & Gold TournamentENTERPRISE, Utah-Presley Chappell posted 14 points and the South Sevier Rams gashed Pine View 47-39 in the Enterprise Blue & Gold Tournament Tuesday. Averi Papa and Leiana Tonga had 9 points apiece for the Pathers in the loss. Written bylast_img read more

first_img View post tag: Attraction View post tag: Canada View post tag: government View post tag: News by topic View post tag: Navy View post tag: Naval View post tag: Sink April 4, 2011 Canada: B.C. Government Plans to Sink HMCS Annapolis as Diving Attraction The B.C. government has become the owner of a former war ship – HMCS Annapolis – and plans to sink it as a diving attraction in Halkett Bay…(theglobeandmail)[mappress]Source: theglobeandmail,April 4, 2011;center_img View post tag: plans Authorities View post tag: HMCS View post tag: Diving Back to overview,Home naval-today Canada: B.C. Government Plans to Sink HMCS Annapolis as Diving Attraction View post tag: B.C. View post tag: Annapolis Share this articlelast_img read more

first_imgUniversities have expressed concern that strict new immigration rules could deter international students from applying to the UK.All students outside the EU will have to reapply for a visa after four years, regardless of the length of the course, meaning they have no guarantee that they will be able to complete their studies.Diana Warwick of Universities UK, an association of university heads, warned of the effects of the new system, which will take over from the end of March.She said, “although students will be able to apply for an extension to complete their programme they will have no guarantee that leave will be granted. This is bound to affect their decisions about whether to come to the UK in the first place.”She stressed that it was unfair that students who invest considerable financial resources in studying in the UK would not have the certainty that after four years of study they could continue and complete their degree in the UK.A spokesperson for Oxford University also condemned the proposal.She said, “the University still takes the view that it will be unnecessarily disruptive and time-consuming for them to have to reapply for a visa part way through a course, and risks sending a negative signal about the UK’s commitment to its international students.”According to Russell Group, there is already evidence that visa and immigration issues are an area of concern for international students both before they come to the UK, and while they are here.Aadya Shukla, president of Oxford’s India Society, expressed outrage at the new system.She said, “unfortunately, the new system with its disproportionately high application fee and opaque processing, send out the wrong signal that overseas students are not welcome.“Studying at a UK university is already very expensive, now students will face undue anxiety and uncertainty rather than being able to focus on their course.” Student visa applications currently cost £99 and can take over 15 days to process.International student Sarah Iqbal described the introduction of the new Tier 4 system as, “another blow that will definitely deter international students from applying to UK universities.”She added, “since the process has now become more complicated it will further discourage students from applying here.”Konstantin Zhurkov, treasurer of Oxford’s Russia Society, also agreed that the new system will deter international students from applying.He commented, “it is a gamble on how long the visa re-application will take and whether it’s really worth potentially disrupting your studies for several months at the end of your penultimate academic year, a stress that might otherwise be avoided by applying elsewhere.”Other international students, however, have dismissed the idea that the new system could act as a deterrent.Elena Andreeva, a Russian student at Somerville, said, “I do not think that the obligation of re-applying for a visa would deter students – or at least those serious about studying abroad. It doesn’t seem likely that applicants who had successfully completed four years of their course would be denied a visa to finish their degree.”last_img read more

first_imgRecently I was reading a biography of Al Capone, the Chicago gangster boss of the 1920s, and it made me think of the comparison between him and the government. Both stole from the people and told their victims it was for their own good.Yet one great difference was that Mr Capone was very efficient and controlled crime, only allowing the crooks to kill each other, not the public. Plus, he kept very tight control of his costs and every part of his operation worked smoothly.Meanwhile, the government allows the crooks to kill and rob us and I cannot think of anything they manage working well – neither health, nor transport, nor benefits. In fact the list is far too long and depressing to think any further.So let’s think about our own future in the year ahead, over which we do have some control. Those of us mainly in the retail trade have to work hard on our marketing, which made me think about our production costs. No one would question that our return on capital in the baking industry is appal- lingly low and that bakery consumes capital on equipment like a drunk in a brewery.Stop investing in new equipment and failure is virtually guaranteed, as costs would get out of control. This has made me wonder whether we should close our bakeries and buy in products we need. After all, if savouries, bake-off and filled rolls represent 50% of our turnover, why are we putting in so much capital and effort to produce the other 50%? The problem is, of course, that we have so much invested in our bakeries that we could never sell them and recoup our costs.Then there is the question of ego, where we all think no one else could make the products we need to our own standards. While that may be true, I rather doubt it, because if we took our recipes to another bakery for the volume we require, they would produce it to our own standards as they would be so desperate for our business. Let’s face it, the supermarkets demand what they want and get it.Will this happen? I rather doubt it as we all take a great pride in what we do and the reason for our existence would be gone. But small groups of, say, three or four shops may have to consider whether they can produce economically without working every hour of the day.This leads me on to the big question: what is the ideal size for a company to control and make money? Rather than number of shops, I think the deciding factor should be distance from the bakery. We have 10 shops within five miles of our bakery, which means that, when we are short of shop staff, which is most of the time, we can at least move people about quickly.Our Candy Shop experiment is 18 miles from the bakery and already we can see the problems. Would we do it again? A truthful answer is, I doubt it. But we had to do it, or we would be forever wishing we had. In about a year, we will know if the extra work was worth it.Ego has a lot to answer for. It is always leading us to keep expanding. So I suppose there is truth in the theory that the one thing a man has that gets bigger when you stroke it is his ego. nlast_img read more

first_imgA fourfold rise in the price of top-grade saffron has forced an award-winning Cornish bakery to cease production of its saffron cakes and buns.Rob Ead, who runs the Chough Bakery in Padstow with his wife Elaine, said the price rise from £97/kg to £410/kg means it is no longer econo-mical to produce the cakes and buns, which are a speciality of Cornwall.Ead commented: “We were astonished when our wholesaler Bako Western told us last week about the price rise.”At present our saffron cakes are £2.40p and our buns are 55p, but we would have to put the price up so much, given the new costs, that it would not be fair to our customers.”The Chough Bakery won first prize at the South West Bakery Championships in 2008 for its saffron cakes. Other bakeries in the area are continuing to make the products, although Ead said that they may be using different grades of saffron.”We have built our reputation on using top-grade saffron. If the price comes down again, then obviously we will re-start.”A spokesman for Western Bako said: “We understand from our suppliers that the reason for the increase in price is crop scarcity and adverse currency fluctuations.”The saffron we buy is pure saffron not the derivative or extract, which will be cheaper. Additionally, other companies may still have supplies of saffron in stock, which is why they can afford to hold the price.”last_img read more

first_imgThe Food Standards Agency (FSA) has put out a warning to operators of food businesses, to be aware of fraudsters that visit food business premises claiming they are from the FSA.The fraudsters claim they need to carry out an inspection and then extract substantial amounts of money as a fixed penalty fee for the premises being allegedly unhygienic.The FSA has stated it does not carry out food inspections and there are no fixed penalties for food safety breaches.Inspections are carried out by authorised local authority inspectors who carry relevant identification when visiting a food business.If your food business is visited by anyone claiming to be from the FSA you should not part with any money and should contact the local police or your local authority.You can also report the crime by emailing [email protected] or by phoning the food fraud hotline: 020 7276 8527.last_img read more