Shortage of L$5 Notes Hikes Prices in Nimba, Zwedru

first_imgShortage of L$ 5 bank notes has hit the market posing hardship to commuters and traders in getting L$ 5 change from transactions for goods and services.Owing to the shortage, what used to be sold for L$5 is now sold for L$ 10 because there wouldn’t be any L$ 5 to give back as change, consumers told the Daily Observer.“It appears that L$5 is finishing from the market, because whenever you buy anything that requires you to get L$5 change, you wouldn’t get it,” said one petty trader in Ganta.“Because of that,” she added, “we decided selling a parcel of peanuts for L$ 10 so that we cannot have any difficulty for change.” The size of a parcel of peanuts also corresponds with the price increase, she said. In Zwedru, the situation regarding the shortage of L$ 5 is just the same.“We used to charge a mobile phone for L$15, but now we are charging L$ 20 or L$ 30 due to shortage of L$ 5, 00,” said one Joana in Zwedru.She said, “Even, if motorcycle carries you a distance that costs L$25, you will end up paying L$30, because you wouldn’t get the balance L$5 change.”A survey conducted by this newspaper gathered that most of the L$5 bank notes in circulation have become old and some are partly mutilated.When the Daily Observer visited some of the local banks to ascertain what was going on, a manager who spoke on the condition of anonymity said there was no shortage of L$5, but those who withdraw huge sums of money from the bank refuse to accept L$5 bills. “Customers are always in the habit of rejecting L$5 bills and even L$10 bill, they [rather] request for large bills,” he added.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Govt signs US$20M loan agreement for GPL upgrade

first_imgA very pleased Finance Minister, Winston Jordon on Wednesday officially signed on to yet another loan; this time at the tune of US$20 million, from the Islamic Development Bank (IsDB) to be used for upgrading the services to be provided to the Guyana Power Light (GPL).The loan is expected to facilitate the rehabilitation of 153km of GPL’s medium voltage and low voltage network and 6941 smart meters, including the associated transformers, service lines and distribution boxes along with the rehabilitation and extension of two 69/13.8KV substations at Kingston and Vreed-en-Hoop, including equipment switchgear, power transformers, rerouting of circuits distribution feedersFinance Minister Winston Jordan and IsDB Vice President of Sector Operations, Mansur Muhtar, share a handshake after the signingand cable connections.In addition to this, the sum is expected to cover consultancy services for the preparation of designs and specifications for the sub-stations and the site supervision for the works related to the Kingston and Vreed-en-Hoop substations, as well as support the existing project management unit by financing additional specialised engineers and technicians to reinforce the existing team.At Wednesday’s ceremony in Kuwait, the Minister informed that the upgrade works to the company is a mere component of GPL’s development and expansion programme scheduled for 2014 to 2021. According to him, “It incorporates necessary reforms and upgrades to reduce losses, and improve the quality and reliability of electricity supply and will, at the same time help to transform Guyana’s infrastructural landscape, boost our manufacturing sector and improve the quality of life of our citizens.”While boasting of future oil revenue, Jordan pointed out that the International Monetary Fund (IMF) deemed the country’s economic prospects as “very favourable” and predicts that the GDP will develop by 29.1 per cent in 2020 – which is the first year of production. “At the same time, the IMF has commended us on our “prudence and restraint towards borrowing in anticipation of future oil revenues. As such, our public debt stood at a highly sustainable 52.2 per cent of GDP at the end-2017,” he noted.Jordan hinted readiness for more of such collaborations as he stated “We look forward to working with the IsDB on projects in several sectors, including agriculture”.Guyana first became a member of the IsDB in 2017. Wednesday happened to be the first time Guyana signed the loan agreement with the bank in Saudi Arabia.Guyana’s indebtednessThe Finance Ministry’s Public Debt Annual Report for 2016 had showed that since 2015, there has been a 4.1 per cent rise in Guyana’s indebtedness to international lenders. A breakdown of the figures showed that total external debt amounted to $240 billion, a 72.6 per cent bite out of the total public debt. On the other hand, domestic debt stood at $90.6 billion, or 27.4 per cent of the total.Last year’s End of Year Outcome report had also revealed that for that year, the stock of public debt and the public debt to Gross Domestic Product (GDP) ratio had increased. According to the report, total public debt was recorded at US$1.6 billion, exceeding the projected amount by US$8.4 million. The public debt to GDP ratio actually increased by 0.9 per cent to be recorded at 46.1 per cent.ContinuationThese outstanding loan amounts have not deterred Government from borrowing; something the parliamentary Opposition has been critical of. As recent as May of this year, it was announced that Government would be securing a US$35 million “soft loan” from a US$90 million resource offered by the World Bank.The money, according to Minister Winston Jordan, in an interview at the time, would be to support Guyana’s balance of payment, which has recorded a growing deficit. This is illustrated by the increase from US$53.3 million in 2016 to US$69.5 million last year.Then there is the $30 billion bond secured a few months ago by the National Industrial and Commercial Investments Limited (NICIL) and guaranteed by the Government of Guyana at a rate of 4.75 per cent. But even the reasons for the bond are clouded in confusion.While NICIL has stated that the money will go towards the Guyana Sugar Corporation’s operating and capital expenses, Opposition Leader Bharrat Jagdeo has questioned details in a memorandum on the bond which he noted indicates the money will be for long-term projects.last_img read more

Let’s Talk – Zoning Bylaw

first_imgFORT ST. JOHN, B.C. – Staff of the City are hosting a ‘Let’s Talk – Zoning Bylaw’ to help inform residents of the city on the update to Zoning Bylaws.The Zoning Bylaw outlines regulations such as allowed uses on properties, landscaping, setbacks and provides design guidelines for new development in key areas around the city.Changes will affect downtown, commercial, multiple family developments like apartments.- Advertisement -The city is asking residents to participate at the North Peace Cultural Centre on Wednesday, July 31, 2019, from 4:00 pm to 8:00 pm to provide input.To view the FB Event page; CLICK HERETo view other community engagement; CLICK HEREAdvertisementlast_img

Spurs not changing transfer strategy despite injuries, says Pochettino

first_img0Shares0000Tottenham’s Harry Kane (left) and Dele Alli are both out of action until March © AFP/File / Glyn KIRKLONDON, United Kingdom, Jan 23 – Tottenham boss Mauricio Pochettino says the club will not change their transfer strategy despite potentially costly injuries to striker Harry Kane and midfielder Dele Alli but are open to making signings this month.Both players have been ruled out until March — Kane with ankle ligament damage sustained in the recent loss to Manchester United and Alli with a hamstring strain suffered in the win at Fulham on Sunday. Pochettino, who did not sign any players during the summer transfer window, reiterated that Spurs’ transfer policy has not altered due to the injuries but says the club are “trying”.“It is so clear, I am so open to improve the squad and add a player if Harry Kane and Dele Alli are fit or not fit,” he said. “I was open in the summer and I am open now.“The difficult thing is to find quality that will add to the squad. We are not going to change strategy, we are working, we will see what happens at the end.”Asked about Alli’s injury, Pochettino said: “We need to be positive like with Harry Kane.“We are going to miss him for a long period, it is the worst moment because we have a very busy fixture list ahead. It is a good opportunity for other players to step up.”Midfielder Moussa Sissoko has returned to training after suffering a groin problem against Manchester United but it is unclear whether he will feature in Thursday’s League Cup semi-final second leg at Chelsea.Forward Lucas Moura is back in full training and should be fit to feature at Stamford Bridge following a knee injury.Midfielder Victor Wanyama, who has been out since November with a knee problem, is also back in training but is unlikely to be involved.“Sissoko and Lucas are in contention,” Pochettino said at his pre-match press conference on Wednesday. “Wanyama we will see if it is possible for the weekend. It is very good news in the last few days.”Spurs, who are also without Son Heung-min, on Asian Cup duty with South Korea, take a 1-0 lead to Stamford Bridge after the first leg and are bidding for their first silverware since 2008.The club, third in the Premier League, are battling for trophies on four fronts.0Shares0000(Visited 1 times, 1 visits today)last_img read more

Thousands pounding the pavement

first_imgSANTA CLARITA – About 2,500 runners – some with strollers, some with dogs and at least one without shoes – took to the streets Sunday for the 2005 Santa Clarita Marathon. Valencia Town Center, with its upscale shops and cozy restaurants, was transformed into race central, where those running in the 5K, half marathon and full marathon huffed and puffed their way through the beginning and end of their meets. Marathon runner Robert Leonardo, 43, was first to cross the finish line, making it across the 26.2-mile course in about two hours, 43 minutes and 45 seconds as the crowd erupted with applause. The Lancaster man said he had a hunch from the start that he’d win. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week “I knew from the beginning that I was going to win, because I looked around and didn’t see anyone behind me,” Leonardo said. The warehouse manager was pleased with his score but said he was more than a few seconds faster in the recent Long Beach Marathon. However, he was fighting a cold this week and said that slowed him down somewhat on Sunday. Sylvie Maracci, 35, was the first woman to finish the marathon. She did it in three hours, seven minutes and 16 seconds. This was the 13th marathon for the Los Angeles lawyer, who usually competes in triathlons. Maracci said people cheered her on during the race, giving her the energy to move faster. “As I was running, everyone told me I was the first woman and that I was winning, so I kept going,” Maracci said. Athletes followed a 26.2-mile course that began at Valencia Town Center and wound its way around major streets and then through smaller side streets and knotty trails. For marathon runners, the race is a qualifier for the Boston Marathon, the king of all races. One man running alone in the 5K suddenly fell to the ground unconscious. He was taken to a local hospital but his identity and condition were not released. Runners discovered him about two miles into the race and knew he needed assistance but were helpless because no one had cell phones with them. Some raced ahead to a water stop where an ambulance was then called. Running in the 5K, nurse Karen Klepic and husband Michael were first to find the man on the ground. The Simi Valley couple said they performed cardiopulmonary resuscitationo for 10 to 15 minutes until help arrived. He was taken to Henry Mayo Newhall Memorial Hospital. Phil Lantis, arts and events administrator for the city of Santa Clarita, said it was the first time a runner has collapsed during the competition in the 10 years the city has sponsored the event. Some in the 5K competed with family members, such as David Alcantara, 41, who ran with his daughter Jessica, 11. The Canyon Country residents held hands as they dashed across the finish line. Others, such as Chad Pearlman, 11, and his mother, Elizabeth, 45, ran with Halftime, a 15-year-old Jack Russell. While the mom-and-son team reached for free water and bagels to recover from the race, the scruffy dog was ready to do it all over again. “We had to slow him down,” said Elizabeth Pearlman referring to the dog. “He loves racing.” Race winners received gift baskets from the city. In addition, half-marathon and marathon winners were awarded free Southwest Airlines tickets. Competition was definitely in the air, and many professional runners had their own ways to get their bodies to perform best on Sunday. Some ate spaghetti or enchiladas the night before, loading up on carbohydrates to have sugar to burn for energy. Others made sure they slept well through the week. But for Ted McDonald, the No. 1 way to race is in bare feet. Displaying his dirty dogs after the race, the 41-year-old Sun Valley man, known as Barefoot Ted, said that’s how people were meant to run. He said gym shoe manufacturers have made a steep profit on convincing people otherwise. “If we lived in a society where what was best was promoted rather than profit, we’d see more barefoot runners,” McDonald said. In about three hours and 17 minutes, McDonald finished the 26.2-mile race. His score qualified him for the Boston Marathon. Bare feet and all. Sue Doyle, (661) 257-5254sue.doyle@dailynews.com 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

DDTV: An entire school stays stationary for the mannequin challenge!

first_imgThe mannequin challenge has been sweeping throughout the world this week, and this Donegal school decided to take on the task on a huge scale.The students and teachers of Coláiste Chineál Eoghain in Buncrana were all frozen in time as their challenge attempt was filmed.The camera sweeps through corridors and classrooms, taking in scenes of pupils learning, chatting and misbehaving. Was detention on the cards for anyone who blinked? Let’s hope not! Check out the video below.  DDTV: An entire school stays stationary for the mannequin challenge! was last modified: November 18th, 2016 by Rachel McLaughlinShare 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

The Hustler’s Playbook: From Desperation to Inspiration

first_imgAnthony Robbins says, “People change for two reasons: inspiration or desperation. And mostly desperation.”This is true for most Hustlers. Most experienced adversity from a very young age. They may have been challenged by poverty or some other circumstance of their birth. They may have faced the adversity of learning disabilities. Or the adversity could have been some personal harm that came to them.No ChoicesA lot of Hustlers hustle because they had no other option. No options equal desperation.If you don’t know how you are going to take care of yourself and acquire the basic fundamental necessities of survival, you have no choice but to hustle. When you have no idea how you’re going to take care of your children, hustling to provide for your family looks like the only reasonable decision you can make.A lot of Hustlers come to love the grind because there was no other choice available to them.Nowhere to Go but UpBeginning with adversity is a gift. Being forced to struggle requires that you take initiative, and you find a way to be resourceful, even when you have no resources.People who were born without adversity have the very opposite experience of many Hustlers. Because they had no adversity, and because they didn’t have to struggle, they can just as quickly lose what they have because they have never had the experience of having to struggle and overcome adversity.Starting at rock bottom leaves you nowhere to go but up. Every step forward moves you up from the bottom, no matter how small, and no matter how slowly.Desperation provides you with motivation. But at some point desperation turns to inspiration.From Greater Heights, You See FurtherThe thing about Hustlers is that the more they grow, the higher they climb. And the higher they rise the further they can see.By working hard and working with a sense of urgency, Hustlers tend to grow and to create greater and greater results. At some point, they’re doing better than average. And from that vantage point, they can see that greater results are available to them.The higher a Hustler climbs, the further they can see. So as they grow and produce greater results, their vision grows. They’ve left desperation and have now moved on to inspiration.Develop a Bigger VisionSome Hustlers become infected with a massive vision that no one else would be brave enough to see. They start to see success multiplying on prior successes.Desperation has been replaced by inspiration, and inspiration fuels a greater vision and even more action.This is the Hustler’s journey. It almost always starts with desperation and moves into inspiration, with the hustler going from strength to strength.If you aren’t where you want to be, recognize that you are writing the middle chapters of your life.last_img read more

Congress says party not in flux in Chhattisgarh

first_imgNAGPUR: The Chhattisgarh unit of the Congress party denied rumours of change in its leadership and claimed status quo would be maintained. Speculation was rife in the State after B.K. Hariprasad, AICC general secretary in-charge of Chhattisgarh, tendered his resignation on Monday owning moral responsibility for the party’s dismal performance in the Odisha civic polls. The resignation triggered talks of Mr. Hariprasad being replaced by Congress general secretary Mukul Wasnik. When Chhattisgarh Pradesh Congress Commitee president Bhupesh Baghel flew to Delhi to meet party leaders on Tuesday, there were rumours of him being replaced too. Some quarters also predicted a possible return of former Chhattisgarh chief minister Ajit Jogi almost nine months after he quit the Congress to form his own party.However, Congress vice-president Rahul Gandhi put all speculation to rest by refusing to accept Mr. Hariprasad’s resignation on Wednesday. Chhattisgarh Congress spokesperson R.P. Singh said, “Mr. Hariprsad was asked to continue in his post after an hour-long meeting in Delhi on Wednesday with Mr. Gandhi. Mr. Baghel and senior Congress leader Motilal Vohra also attended the meeting. Mr. Gandhi made it clear that there was no question of Mr. Baghel’s removal.” On Wednesday night, on his return from Delhi, Mr. Baghel was given a rousing welcome by supporters at Raipur airport. Mr. Baghel asked party workers to ignore rumours in the media and on social media platforms. However, a senior Congress leader revealed on the condition of anonymity that the State leadership and Mr. Hariprasad could be replaced with new faces once Congress president Sonia Gandhi returned to India.He said, “The changes may not be Chhattisgarh centric. After the Uttar Pradesh election results, there might be new faces in many States. Mr. Hariprasad could not have been replaced in the absence of the Congress president. The status quo will be maintained until her return and the party in Chhattisgarh and other States could see a change of guard.” The speculation about Mr. Jogi’s possible return to the Congress also was fuelled by his trip to Delhi. Mr. Singh said the party had planned to file a criminal case against Mr. Jogi and would not take him back again. “The AICC had asked the State Congress to file a criminal case against Mr. Jogi in the Antagad tape scandal. Our party believes that he was involved in a criminal conspiracy against the party. He has admitted that he won’t return. There is only one party Mr. Jogi can go to and that is the BJP. He is a close friend of Chief Minister Raman Singh.” Mr. Jogi also ruled out any possibility of his return. “Ajit Jogi doesn’t look back. I have nothing to do with that party [the Congress]. It is not possible,” Mr. Jogi told reporters at Raipur airport on Wednesday night after returning from Delhi.Meanwhile, senior Congress leader and Leader of the Opposition T.S.Singh Deo said he would quit politics if Mr. Jogi returned to the Congress. “I don’t think he will return, but the party high command takes all the decisions. It is not possible for me to work along with him,” Mr. Singh Deo told reporters in Ambikapur.last_img read more

CRPF opens help desk at Jammu Railway Station for Amarnath pilgrims

first_imgThe CRPF has opened a help desk at the railway station here to facilitate pilgrims going to the cave shrine of Amarnath in south Kashmir Himalayas. Named ‘Madadgaar’ (helper), the desk has been set up at platform number one at Jammu-Tawi Railway Station and would provide all kind of guidance to pilgrims coming from various parts of the country, Public Relations Officer of CRPF Ashish Kumar Jha said. He said the help desk would remain functional round-the-clock and two personnel of the force would be available to pilgrims for assistance. Jha, who is also commandant of the 166th battalion CRPF, said all kinds of information pertaining to the pilgrimage would be available at the desk, ranging from base camps, stay arrangements, routes, medical facilities and climatic condition. Given the interest of the people in the radio frequency identification tag to track Amarnath-bound vehicles, he said personnel of the force are briefing pilgrims about the new initiative of the state. This year, the CRPF also has introduced a special motorcycle squad keeping in view the security of pilgrims. Some of these specially designed motorcycles are fixed with life-saving equipment and could also double as “small ambulances”, carrying one person at a time besides the rider who is carrying CCTV camera attached to his helmet.last_img read more

Narendra Modi to visit Amethi on February 27

first_imgPrime Minister Narendra Modi will be visiting Amethi, the home turf of Congress president Rahul Gandhi, on February 27, a BJP leader said on February 19. The Prime Minister is likely to visit the ordnance factory in Munshiganj in Amethi and later address a public meeting, BJP’s convenor of Amethi Lok Sabha constituency Rajesh Agrahari said. The Prime Minister may also inaugurate and lay foundation stones for various projects, Mr. Agrahari said.last_img