“Don’t just issue reminders, prosecute them” – economist advises

first_imgNon-cambio businesses trading in US dollars…says this is the only “practical” way of addressing the issueAmid concerns that Guyana could continue to lose foreign exchange earnings especially since local businesses are not abiding by Bank of Guyana (BoG) Act 1998 by trading US dollars, outspoken economist Ramon Gaskin is urging Government to implement the law.Gaskin said that there would be no specific crackdown on businesses by issuing basic reminders in the media. He believes the only way the issue could be fixed is by ensuring that people are persecuted.The BoG recently issued a statement expressing its concern that some businesses are accepting foreign currency for the purpose of settling payments for transactions, instead of Guyana dollars.“That’s all they are doing. I don’t see it as a clampdown. A lot of people are violating the Act by trading in foreign currency; especially along Regent Street, youEconomist Ramon Gaskincan buy goods and pay in foreign dollars,” he said.The statement said, “The Bank wishes to advise that pursuant to section (20) of the Bank of Guyana Act, 1998, all monetary obligations or transactions in Guyana shall be settled in Guyana dollars.”The Bank reminded also that only banks and licensed cambios were authorised to conduct buying and selling of foreign currencies while noting that penalties were attached for violations which include fines and imprisonment.“The Bank warns that any person contravening the Bank of Guyana Act 1998 and the Dealers in Foreign Currency (Licensing) Act 1989 will be prosecuted,” the notice added.According to the BoG Act 1998, the Bank from time to time, by notice in writing, could demand from any person any financial information on foreign transactions. The BoG may require such persons to submit the information to the Bank, but if they fail to supply the information within the time specified or it is wilfully or recklessly withheld, they shall be guilty of an offence and shall be liable upon summary conviction to a fine of not more than $175,000 for each day the offence continues.However, Gaskin said, “But what the central bank needs to do is prosecute people who are violating the law. Prosecute them! Not put a big statement in the newspaper, because they are not going to read it.”The former presidential advisor told <<>> on Sunday that a lot of the funds that are received by the traders are kept in foreign currency and are not deposited in the banking system.“They are probably taken outside of the country and exported. And that is part of the capital flight problem that we are also faced with in this country…all the monies the Cubans are paying,” he added.This is also contributing to the reduction in the foreign reserves of the country.He said that if this continued to happen, the country would have to keep borrowing. The Government, he said, will also continue borrowing in foreign currency to help meet the deficit and trade accounts.“You have to pay for fuel in foreign currency. We have reduced earnings from the export of sugar, and, therefore, the Government will have to keep borrowing all the time to cover the deficit in the trade accounts, because we already have a big deficit on the current account, because we are spending more than we are taking in, and we have a deficit on the capital accounts,” he posited.Gaskin continued, “So, we operating three deficits here: the current, capital and trade. And once you keep doing that, you will be borrowing all the time. Guyana is borrowing all the time. We have been doing that for the past 40 years uninterrupted, since 1992 when we inherited a US$2 billion debt and a lot of it written off…and we keep borrowing – again US$1.6 billion in debt, both domestic and external.”With the recent influx of foreign shoppers into Guyana, Chinese businesses have been receiving enormous sales and have been engaged in trading US dollars. This is something that the BoG said it is aware of because it has had complaints in that regard. The BoG has also said this is lending to the issue and has cautioned these businesses to desist from it, as it plans to investigate thoroughly.Only last year, the BoG also issued a notice to unauthorised money changers warning them that if they continue to ply their illicit trade and are caught, they would face the full extent of prosecution under the Dealers in Foreign Currency (Licensing) Act 1989. Their trade came into the spotlight again after shortages of foreign currency saw them hiking their rates last year. (Samuel Sukhnandan)last_img read more

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Industry Training Authority implements recommendations from the McDonald Report

first_imgThe ITA is also a key collaborator in the B.C.’s Skills for Jobs Blueprint. Informally known as the McDonald report, delivered on April 29, 2014, the review set out 29 recommendations to strengthen B.C.’s trades training system.The ITA, in collaboration with the Ministry of Jobs, Tourism and Skills Training and Responsible for Labour, has decided to implement 14 of these recommendations, with the remaining 15 expected to be completed in the next nine months, according to Director of Communications for ITA Susan Kirk.The following are the 14 recommendations from the McDonald report implemented by the ITA:Establishing the Labour Market Priorities BoardReconstituting the ITA BoardCompleting 90 Day Transition PlanTen Sector Advisory Groups being formedIntegrating functions of Industry Training Organizations into ITAAppointing 15 regional Apprenticeship Advisors, including six with Aboriginal focusDissolution of the Trades Training Consortium of B.C. as a Crown agencyIncorporating outcomes-based measures into service planConfirming ITA as a Crown agencyGovernment confirming its own decisions be aligned with targets and reinforcing that every partner has role in meeting targetsRecognizing organized labour in the definition of “industry”ITA eliminating by fiscal year-end holdbacks for courses not delivered by PSIsDeveloping an inventory on partnerships between ITA, PSIs, K-12 system and innovation in the tradesCabinet approving enhanced bid criteria on public sector procurement projects- Advertisement -“One year ago we launched an independent review of the Industry Training Authority to ensure it meets its mandate and reaches the targets and outcomes needed to help British Columbians develop the skills needed to be first in line for jobs,” writes Shirley Bond, Minister of Jobs, Tourism and Skills Training and Minister Responsible for Labour. “One year later, the ITA has made significant progress transforming their organization by implementing 14 of the 29 recommendations with the remaining 15 to be completed in the next nine months.”Other accomplishments made by the ITA to improve the trades industry, according to Kirk, include developing and implementing a strategic plan to prepare a skilled and qualified workforce for B.C.’s liquefied natural gas sector titled, An Action Plan for LNG Trades Training; introducing an Industry Relations team to oversee broader sector engagement; and continuing to work with government in developing and establishing a transparent process for making training investment decisions that align with labour market demand targets.The ITA leads and coordinates B.C.’s skilled trades system – working with employers, employees, industry, labour, training providers and government to issue credentials, manage apprenticeships, set program standards and increase opportunities in the trades.Advertisementlast_img read more

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Next step for the Tourism Board to become a society

first_imgAt the Regular Council meeting on Monday, December 9th, 2019, Baptiste Marcere an FSJ Tourism Board Member made a presentation to Council on the needs of a Tourism Society in Fort St. John. – Advertisement -At an August 26th, 2019 Council meeting the Tourism Board made a request to Council to rescind the bylaw and allow the board to incorporate as registered Society in BC rather than a Board of Council as well as retaining ownership of the branding and name ‘Tourism Fort St. John’. In 2010, the Tourism Fort St. John board was developed with a bylaw that has prevented and limits potential growth opportunities for the tourism organization to operate efficiently in Fort St John. FORT ST. JOHN, B.C. – The Tourism Board is another step closer to becoming its own society. Council voted to introduce and read three times the Tourism Fort St. John Board Repeal Bylaw No. 2458, 2019.last_img read more

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Chelsea set for transfer battle as Juventus make Blues star their No.1 target

first_img Oscar in action for Chelsea 1 Juventus have made Chelsea midfielder Oscar their summer transfer priority, according to reports in Italy.The front page of Monday’s Corriere dello Sport leads with the revelation that the 2015 Champions League runners-up want the Brazilian to be their marquee signing of the closed season.Oscar only signed a new long-term contract in November but there was speculation that he could be set to leave after his place in the first-team became increasingly inconsistent.He finished the season with 28 Premier League appearances, the fewest in a single season since he arrived from Internacional in 2012, and he was substituted off in 20 of those.Manager Jose Mourinho insisted back in April that he has no intention of selling the talented 23-year-old but given his age and contract situation, Oscar represents one of the most valuable assets in the Chelsea squad.And now Juve are reportedly ready to make their move with uncertainty surrounding the future of Arsenal target and fellow midfielder Arturo Vidal.However it has also been suggested that the Turin club do have a contingency plan should they fail to prise Oscar away from west London, with Real Madrid schemer Isco second on their wishlist.last_img read more

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YOUR INCREDIBLE PICTURES: DONEGAL IN THE AUTUMN SUN (AND ONE FROM SYDNEY!)

first_imgTHANK you all for your pictures today featuring Donegal in the autumn sun.We have a prize of lunch for two at the Radisson Blu Hotel in Letterkenny.Here’s just some of your pictures. More are welcome between now and midnight when our winner will be announced.Keep sending them to info@donegaldaily.com.Main picture: Sydney in the sunshine, from Paddy McFadden in Sydney.Below: Lough Swilly at Dawn by Laurence Blake. Second below: Trusk Lough, Ballybofey by Rory HarveyThird below: Gartan Lake at 9.30am by Joan Gallagher.YOUR INCREDIBLE PICTURES: DONEGAL IN THE AUTUMN SUN (AND ONE FROM SYDNEY!) was last modified: November 22nd, 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:competitiondonegaldaily.com picture speciallast_img read more

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A VERY NOBLE EXHIBITION OF STUNNING PHOTOGRAPHY FOR DONEGAL

first_imgA major retrospective of the work of New York born artist and photographer Richard Noble has gone on display.The exhibition will feature work from the different phases of his career over the past fifty years and will seek to capture a sense of his enduring restless creativity.Richard has now been resident in Ramelton for a number of years. The exhibition is on display at Letterkenny’s Regional Cultural Centre.It will start with a body of photography taken in his New York and LA studios in the 60’s, 70’s and 80’s.This will include high end advertising photography including the iconic Virginia Slims campaign and US celebrity portraits such as the famous ‘Bo Knows’ portrait of US athlete Bo Jackson.It will also include more recent work in a wide range of media including portrait photography, landscape photography, blueprints, graphic works and video. Some of those who attended the launch of Richard Noble’s exhibition. ALL PICTURES BY BRIAN McDAID.Irene Heavey greets Richard Noble at his exhibition opening at the RCCSpecial guest, Shaun Rafferty who opened of The exhibition for Photographer Richard Noble at the Regional Cultural Centre on Friday Night. Photo Brian McDaidA VERY NOBLE EXHIBITION OF STUNNING PHOTOGRAPHY FOR DONEGAL was last modified: March 7th, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalexhibitionphotographerRichard Noblelast_img read more

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Winner! Cristiano Ronaldo has had an incredible six years

first_img4 2017LaLigaChampions League (fourth overall)Only major domestic and European trophies have been included as well as big personal awards, so that means no one-off matches such as the UEFA Super Cup.And just because European clubs have to play two games to win the FIFA Club World Cup, there is no way that can be included as a major honour when Champions League winners are parachuted straight into a semi-final against a questionable standard of opposition. 2013 Ballon d’Or2014 Champions League (second overall)Copa del ReyEuropean Golden Shoe (31 goals, shared with Luis Suarez)Ballon d’Or Cristiano Ronaldo won his third Champions League trophy in four years 2015European Golden Shoe (48 goals)2016Euro 2016Champions League (third overall) getty center_img 4 4 Cristiano Ronaldo has now scored 600 goals for club and country and recently won his third Champions League trophy in four years. The player joined Real Madrid for £80m in 2009 and although he didn’t win any major honours in his first season, look at what has happened since.2011European Golden Shoe (40 goals)Copa del Rey2012 LaLiga 4last_img read more

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DONEGAL MINOR HURLERS UNLUCKY NOT TO BEAT DERRY

first_imgIt was certainly a case of one that one that got away yesterday for the Donegal minor hurlers as they put in a great battling performance against Derry in O’Donnell Park, Letterkenny. Donegal started very nervously and found themselves 2.1 to 0.1 down after 10 minutes, they slowly got on top and finished the half strongly going in at half time level Donegal 1.7 Derry 2.4.It could have been better but for a number of great saves by the Derry keeper. The game was nip and tuck throughout the second half, Donegal were reduced to 14 men with 10 minutes to go and Derry finished the stronger winning on a narrow score line of 2.12 to 1.11. Tom Clare and his management team were happy with the effort of the boys as they battled hard throughout, a bit of rustiness early on cost them dearly.Next up for the minors is a trip to Down to play the Mourne men next Saturday. Scorers for Donegal Aaron Mc Cauley (0.8 Frees), Sam Doherty (1.1), Conor O’Grady (0.1) and Oisin Rooney(0.1).DONEGAL MINOR HURLERS UNLUCKY NOT TO BEAT DERRY was last modified: March 15th, 2015 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:DerrydonegalHURLINGlast_img read more

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GAA NEWS: NAOMH PADRAIG GAA CLUB MUFF ON HUNT FOR NEW SENIOR TEAM MANAGER

first_imgCLUB LOTTOThere was no jackpot winner in last weeks lotto the numbers drawn were2 -6-1-3-5-7-4. There where five  €20 winners  who was as follows:Paul Leech, Moville Eddie McLaughlin, C/O Neil ToyeKathleen Harkin, Groove CottagesMartin & Junior, Point innThomas McIntyre, Limavady The Club would like to take the opportunity to thank everyone for their continued support of the Lotto as it gives the club the essential means of continuing to give our local kids and adults the chance to avail of a great and healthy pastime.  If any kids would like to start selling lottos each week feel free to contact their coach for more information.Next Weeks Jackpot €950SENIORSApplications are now being sought for the vacant post of senior manager.Anyone wishing to apply for the post should contact the club secretary on secretrary.muff.donegal@gaa.ie no later than 6pm on Friday 18th of DecemberChristmas hamper drawTickets available in both post offices.Donegal year books available from secretary €10. Great pictures and reports of our u14u16 and u11 winners. Definitely a good book to be able to look back at in years to come CLUB APPOur new club app is now live on the App Store and google play store In the app you can play the clubs lotto every week through the games section and keep up to date with club events and wats happening within the club. Also there is direct links to Facebook and twitter. You can also share your photos of games you are at via the app. So get downloading and have a look for yourselfCLUB GEARThere are No more being taken now for club gear before Christmas.All orders should be available for collection by week beginning the 7th of December.There is a limited stock of some club gear and Club Donegal gear available in the clubhouse, Please contact Dermot on 0879978968 for availability.As always keep up to date with club activities through Facebook,Twitter,Club APP and through are website on www.naomhpadraig.comGAA NEWS: NAOMH PADRAIG GAA CLUB MUFF ON HUNT FOR NEW SENIOR TEAM MANAGER was last modified: December 14th, 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:GAANaomh PadraigSportlast_img read more

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Dani Alves says Guardiola’s coaching is ‘better than sex’, but Pep disagrees

first_imgBut the boss admits that has not always been the case, and with one player in particular – Zlatan Ibrahimovic, who had a big falling out with the manager during his brief spell in Spain.“I can see a huge list who are on the opposite side, a list where they love me a lot, like Dani,” the Man City boss added.“They have another side from Sweden and other places where they don’t like me too much.“Normally it happens when people don’t play regularly they are not big fans. We try to convince them – sometimes yes, sometimes no.” 3 Alves, now at Paris Saint-Germain, was part of Guardiola’s dominant Barca side which won 14 trophies in his four years in charge and clearly loved his time working with the revered coach.Guardiola was quizzed about his former player’s comments during his press conference ahead of Sunday’s highly-anticipated Manchester derby against Man United and was quick with his reply.The City manager joked: “I prefer the sex!”Guardiola has worked wonders with his star-studded City side and it’s clear he is a very popular coach with his players – anyone who has seen Amazon’s All or Nothing series can attest to that. 3 Dani Alves loved working with Pep Guardiola at Barcelona Getty Manchester City manager Pep Guardiola has given a hilarious response to Dani Alves’ claim that the Spaniard’s coaching is “better than sex”.The Brazilian defender, who played under the boss – figuratively – at Barcelona, made his bold claim in a new documentary, Take the Ball, Pass the Ball, about Pep’s tenure at the Camp Nou. 3 Guardiola and Ibrahimovic were not friends at the Nou Camplast_img read more

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