Standard Group Limited (SGL.ke) HY2015 Interim Report

first_imgStandard Group Limited (SGL.ke) listed on the Nairobi Securities Exchange under the Retail sector has released it’s 2015 interim results for the half year.For more information about Standard Group Limited (SGL.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Standard Group Limited (SGL.ke) company page on AfricanFinancials.Document: Standard Group Limited (SGL.ke)  2015 interim results for the half year.Company ProfileStandard Group Limited is a major publishing and broadcasting company in Kenya with interests in print, radio and TV and digital media. Well-known brands include The Standard newspaper; the second-largest national newspaper and the flagship product of the publishing group; Kenya Television Network (KTN), a private, independent TV station; KTN News, a 24-hour news channel; Bamba TV; operated via Lancia Digital Broadcasting and offering international and local channels; Radio Maisha, a radio station offering listeners a wide selection of news, entertainment and current affairs programmes; The Nairobian, a leading weekly newspaper; Standard Digital, a leading online publishing platform; Think Outdoor, an outdoor advertising agency placing billboards in strategic sites. The company was founded in 1902 and its head office is in Nairobi, Kenya. The Standard Group Limited is a subsidiary of S.N.G Holdings Limited. Standard Group Limited is listed on the Nairobi Securities Exchangelast_img read more

Berger Paints Plc (BERGER.ng) Q32019 Interim Report

first_imgBerger Paints Plc (BERGER.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2019 interim results for the third quarter.For more information about Berger Paints Plc (BERGER.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Berger Paints Plc (BERGER.ng) company page on AfricanFinancials.Document: Berger Paints Plc (BERGER.ng)  2019 interim results for the third quarter.Company ProfileBerger Paints Plc is a manufacturing company in Nigeria producing paint, surface coating and allied products for the residential, commercial, marine and industrial sectors. The company has an extensive product range which is divided into decorative/architectural finishes, industrial coatings, marine and protection coatings, automotive/vehicle finishes, and wood finishes and preservers. Berger Paints has a manufacturing plant and distribution centre in Lagos and over 25 distribution points in the major towns and cities in Nigeria. Berger Paints Colourworld is a retail outlet which offers a wide range of products and offers support with expertise and colour development software. Colourworld also offers an advanced automotive tinting system and colour software and carries a supply of paint tools and applications. In 2012, Berger Paints Nigeria Plc partnered with KCC Corporation, the largest heavy duty coating manufacturing company in South Korea. The partnership facilitates the supply quality, durable coatings for the marine and protective sectors. The company was established in 1959 by Lewis Berger, a German colour chemist who founded the Berger Paints’ dynasty in London in the late 1970s. Its head office is in Lagos, Nigeria. Berger Paints Plc is listed on the Nigerian Stock Exchangelast_img read more

Costa Cachagua House / Iván Vial Montero

first_imgCopyHouses•Zapallar, Chile 2007 Houses Year:  Chile “COPY” Save this picture!© Rodrigo Opazo+ 23 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/428504/costa-cachagua-house-ivan-vial-montero Clipboard Costa Cachagua House / Iván Vial Montero ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/428504/costa-cachagua-house-ivan-vial-montero Clipboard Architects: Iván Vial Montero Year Completion year of this architecture project Costa Cachagua House / Iván Vial MonteroSave this projectSaveCosta Cachagua House / Iván Vial Montero Collaborators:Héctor Cisterna G., Fabián Arratia C., Pablo CruzClient:PrivateConstruction:Pablo BarcelóStructures:Manuel José RuizMaterials:Reinforced concrete, stoneCity:ZapallarCountry:ChileMore SpecsLess SpecsSave this picture!© Rodrigo OpazoThe project is located on a slope overlooking the Pacific ocean towards the west.Save this picture!© Rodrigo OpazoThe project functions as a cubic lookout with two levels.Save this picture!Sketch: Back viewWe release the largest area of land towards the west, and the privileged view of the sea.Save this picture!© Rodrigo OpazoThe volume contains the pool to the north, protected from the coastal wind.Save this picture!Plan 1Project gallerySee allShow lessCoastal Marine Research Station / Martin Hurtado ArquitectosSelected ProjectsThe Hamlet Project / José Luis Ibáñez GomienSelected Projects Share Projects CopyAbout this officeIván Vial MonteroOfficeFollowProductsStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesZapallarChilePublished on September 18, 2013Cite: “Costa Cachagua House / Iván Vial Montero” [Casa Costa Cachagua / Iván Vial Montero] 18 Sep 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MGlass Finish – FASARA™ GeometricShower ColumnshansgroheShoulder ShowersPanels / Prefabricated AssembliesMorin Corp.Metal Wall Systems – ExposedStonesCosentinoSurfaces – Dekton® Stonika SeriesConcrete FloorsSikaIndustrial Floor CoatingsHanging LampsLouis PoulsenPendant Lights – KeglenDoorsSky-FrameInsulated Sliding Doors – Sky-Frame SlopeThermalSchöckMinimizing Thermal Bridges in BalconiesWindowspanoramah!®ah! Ultra MinimalistEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWork ChairsDynamobelWork Chair – SLAT 16More products »Read commentsSave想阅读文章的中文版本吗?Cachagua海岸住宅 / Iván Vial Montero是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream “COPY” ArchDailylast_img read more

Leading news website needs new funding

first_img MalaysiaAsia – Pacific Reporters Without Borders, an organisation that defends press freedom worldwide, supports the appeal for help being made by The Nut Graph (http://thenutgraph.com/), an independent Malaysian news website launched in August 2008 that is strapped for cash because its original investors have decided they cannot continue funding it.“The Nut Graph is one of the few news websites in Malaysia that is objective and impartial and checks its facts,” Reporters Without Borders said. “Committed to responsible journalism ever since its creation, it has become an indispensible source of information that can explain Malaysian politics. We are very worried by its possible disappearance, which would seriously weaken media diversity in Malaysia.”Nowadays widely used by university academics and researchers, the site launched a fund-raising appeal on 1 August after its original investors said in May that they would not be able to continue funding it beyond next March (http://www.thenutgraph.com/the-nut-graph-needs-your-support).In particular, Reporters Without Borders supports the requests for help that it has addressed to the Konrad Adenauer Foundation, the Global Fund for Women, the Asia Foundation, Free Voice, the National Endowment for Democracy and the Open Society Institute. Its closure would put half a dozen journalists out of work.Online free expression is a fraught and complex issue in Malaysia, where the authorities tend to regard the Internet as an opposition medium. The Internal Security Act, which allows the authorities to detain people for up to two years without trial, has been used to arrest two leading bloggers, Raja Petra “RPK” Kamaruddin and P. Uthayakumar.Held from 12 September to 7 November last year, RPK still faces defamation and sedition charges in connection with articles posted on his Malaysia Today (http://mt.m2day.org/2008/) blog. August 4, 2009 – Updated on January 20, 2016 Leading news website needs new funding New Malaysian ordinance threatens very concept of truth News March 17, 2021 Find out more to go further Help by sharing this information News Receive email alerts Newscenter_img February 22, 2021 Find out more RSF_en Follow the news on Malaysia MalaysiaAsia – Pacific Record fine for Malaysian news site over readers’ comments Organisation News Malaysian cartoonist Zunar facing possible sedition charge again January 29, 2021 Find out morelast_img read more

Union Station Homeless Services Expands Programs to Help More People than Ever Before

first_imgGiving Back Union Station Homeless Services Expands Programs to Help More People than Ever Before From STAFF REPORTS Published on Friday, April 17, 2015 | 11:59 am Community News Union Station Homeless Services is the San Gabriel Valley’s largest and most comprehensive social service agency assisting homeless individuals and families. The agency offers client-centered and accessible services that help people rebuild their lives.“Our supporters often ask us: How can I help someone experiencing homelessness?” says Ryan Izell, Director of Adult Services at Union Station.The agency hopes that two new access systems, designed for adults and families respectively, will make it easier for homeless people seeking shelter and housing to access vital services:Adults experiencing homelessness in the San Gabriel Valley can access shelter and housing services at any of the designated “Coordinated Entry System” sites, listed below:Arcadia Mental HealthWednesdays 8am-5:30pm330 E Live Oak Ave.Arcadia, CA 91006(626) 821-5858Appointment recommended but not required; Walk-in’s welcomeVOA – El Monte Access CenterMonday-Friday 9am-5pm4501 Santa Anita Ave.El Monte, CA 91737(626) 442-4357Appointment recommended but not required; Shelter referral siteFoothill Unity CenterMonday-Friday 9am-5pm415 W. Chestnut AvenueMonrovia, CA 91016(626) 358-3486Please call ahead to schedule an intake appointmentVOA – Pomona Homeless OutreachMonday-Friday 9am-5pm2040 N. Garey Ave.Pomona, CA 91767(909) 593-4796Appointment recommended but not required; Shelter referral siteFoothill Unity CenterMonday-Friday 9am-5pm191 North Oak AvenuePasadena, CA 91107(626) 584-7420Please call ahead to schedule an intake appointmentUnion Station Homeless Services- Adult CenterMonday-Friday 7am-2:30pm412 S. Raymond Ave.Pasadena, CA 91105(626) 791-6610Appointment recommended but not required; Shelter referral siteFriends In DeedMonday-Wednesday 9am-5pmThursday 9am-2pm444 E Washington Blvd.Pasadena, CA 91104(626) 797-2402Please call ahead to schedule an intake appointment; Female clients onlyFamilies currently experiencing homelessness in the San Gabriel Valley can call 2-1-1 to reach the Los Angeles Information and Referral Line. They should request an appointment at one of the “Regional Family Solution Centers” where they will complete an assessment with a Union Station staff member.These new access sites are part of the agency’s expanded outreach to the greater San Gabriel Valley. As of March 31, Passageways no longer serves as the single access point to Pasadena’s homeless services network.“While we’re sad to be losing Passageways as the community’s one stop Access and Intake Center, we are extraordinarily proud of the services provided to individuals and families experiencing homelessness in our community, over the past 19 years,” Izell says.“At the same time, we’re really excited about our new programs and the strategic approach we’re taking to ease access to an increased number of permanent supportive housing resources which will be prioritized for individuals, veterans, and families with the greatest need.”Union Station’s newest program, Holly Street Housing, which is scheduled to open on June 1, helps homeless individuals in the community secure permanent supportive housing.“When homeless people are housed, they reclaim their role in the community,” said Gregg Von Fempe, Union Station’s Chief Programs Officer. “They have a role as a neighbor, as a friend, as someone who contributes to the neighborhood.”Union Station Homeless Services, a 501(c)3 nonprofit organization, is committed to helping homeless men, women and children rebuild their lives. Union Station Homeless Services is part of a premier group of human services agencies in Los Angeles County that are leading the way to ending homelessness in our community. We are the San Gabriel Valley’s largest social service agency assisting homeless and very low-income adults and families. We believe every person deserves a life of dignity and a safe place to call home. With 42 years of experience, we proudly offer a full continuum of eight programs in seven locations; services include street outreach, intake/assessment, care coordination and navigation, meals, shelter, housing, employment development, benefits enrollment, and referrals to medical and mental health services. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Your email address will not be published. Required fields are marked * Make a comment HerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyTop Important Things You Never Knew About MicrobladingHerbeautyHerbeautyHerbeautyCreative Ways To Burn Calories That Require Little EffortHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeauty Name (required)  Mail (required) (not be published)  Website  More Cool Stuffcenter_img 7 recommended0 commentsShareShareTweetSharePin it Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News First Heatwave Expected Next Week last_img read more

Strike Force, San Diego’s Professional Indoor Football Team, is Holding Tryouts in Pasadena

first_img More Cool Stuff 27 recommendedShareShareTweetSharePin it Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. First Heatwave Expected Next Week Sports Strike Force, San Diego’s Professional Indoor Football Team, is Holding Tryouts in Pasadena By ANDY VITALICIO Published on Thursday, January 3, 2019 | 6:31 pm Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website  Top of the News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimescenter_img Make a comment Business News San Diego Strike Force, the newest entry into the 10-team Indoor Football League, will be holding open tryouts in Pasadena on Saturday, January 5, at Pasadena High School atheletic field, located at 2564-2622 Cooley Place.A San Diego Strike Force announcement on Thursday said the Pasadena tryouts will be from 12 noon to about 3 p.m. A San Diego tryout is scheduled for next Saturday, January 12.The Indoor Football League grew out of a six-team Intense Football League that two Texas businessmen set up in 2003. The league grew from six to eight to 10 teams for five seasons.In 2004, several veteran team operators in the Midwest formed a league titled the United Indoor Football Association and enjoyed four years of success.In 2008, the two leagues agreed to dissolve their former affiliations and form the new Indoor Football League or IFL.San Diego Strike Force joined the league last November. The team’s home arena will be the former San Diego Sports Arena in Mission Valley, now known as the Valley View Casino Center.Strike Force has already signed several players, including a quarterback from Los Angeles and three players with San Diego ties, according to a Fox Sports report. The list includes quarterback Jihad Vercher, from Salesian High School and Tiffin University; running back Jereke Armstrong from San Pasqual HS and University of San Diego; wide receiver Rashad Ridley from San Diego HS and South Dakota School of Mines and Technology; and wide receiver Daniel Walsh, from Cathedral Catholic HS and TCU.The team will report to training camp on February 4 with a 40-man roster to begin preparations for the regular season which begins on February 22 in Moline, Illinois. San Diego will play against the Quad City Steamwheelers.Home games for 2019 will be played at Pechanga Arena in San Diego, with the home opener set for Sunday, March 3 at 5:05 p.m.Saturday’s tryouts at Pasadena High School will accommodate a maximum of 40 players, according to the announcement. A registration fee of $85 per person will be collected on site. Interested players are advised to confirm their attendance through an online registration form available through www.sdstrikeforce.com/tryouts/pasadena-tryouts.For more information, visit www.sdstrikeforce.com or email Brandon Cox at [email protected] Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Your email address will not be published. Required fields are marked * Subscribe Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday HerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeautyHerbeautyWomen Love These Great Tips To Making Your Teeth Look WhiterHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyAre You His Ms. Right? 12 Signs He Thinks You AreHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautylast_img read more

Manion shares Appalachian insights

first_img Pike County Sheriff’s Office offering community child ID kits Print Article Remember America’s heroes on Memorial Day Email the author “About 65 percent of the population in that area is not involved in a church of any flavor,” he said. “When we first went to the area, people were very resistant to us. But, after the first year, they became more receptive of us. Now, they look forward to having us there.”Each summer the camp attracts 20 to 25 young campers. They come from different situations, some good and some bad.“Some of the campers have no parents or parents who are strung out on drugs,” Manion said. “Others are surrounded by violence and some are victims of abuse. We learn a lot about the campers at campfire night where we share and pray for each other.”Manion said, for many of the young people who go to camp, going to school is a spiritual battle. Manion shares Appalachian insights Plans underway for historic Pike County celebration Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel By The Penny Hoarder Troy falls to No. 13 Clemson Skip “But they are learning to allow God to speak in their lives,” he said. “Because, when God can speak, he has a message.”Manion said Covenant Mountain Mission Camp is a safe harbor for the young people who go there.“It is a blessing to go and be a part of bringing God’s word and his love to those impoverished people,” he said. “We go to be a blessing and we are blessed in return.” Manion has led a mission group from Salem and surrounding churches to the area each summer since 2012. His hope and his desire are for the mission trips to continue.“There’s the positive side to the poverty and all that goes with it – the illegal drug use, crime and physical abuse,” he said. “On the other side, there’s their art and music. And, there are a lot of hard-working people in that region, especially the coal miners. Among them are the return Appalachians who are those who go away but find themselves so excluded that they come back to the place where they are comfortable.”The first mission trip Manion led to Jonesville was to help a friend who was in the process of planting a church in the area. His return trips have been to be a camp leader a weeklong camp for kids at Covenant Mountain Mission Camp. Book Nook to reopen By Jaine Treadwell Sponsored Content Messenger photo/jaine treadwellSalem Baptist Church Pastor Chad Manion, right, was the program guest of Rotarian Jim Medley at the Wednesday meeting of the Brundidge Rotary Club. His program was on the Salem sponsored mission trips to the Appalachian region of Virginia.The Rev. Chad Manion, pastor of Salem Baptist Church in Brundidge, described the Appalachian region around Jonesville, Virginia, as a place of poverty and of promise.Manion was the program guest at the Wednesday meeting of the Brundidge Rotary Club and shared his thoughts on that unique region of the United States that is known as the “poverty pocket.”“That area has 37 of the 100 poorest counties in the country,” Manion said. “Forty-five of the people are extremely poor. They lack adequate food, clothing and medical care. Some areas are Third World cultures. The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Latest Stories You Might Like GOP sets House agenda MONTGOMERY, Ala. (AP) – Republicans in the Alabama House on Thursday said a small business tax credit and a teacher… read more Published 3:00 am Friday, January 29, 2016last_img read more

Church volunteer allegedly steals overs $500K, makes thousands of online purchases

first_imgBurlington County Prosecutor’s Office(NEW YORK) — A woman who worked as the financial secretary of her church has been charged with embezzling more than half a million dollars from it to pay for thousands of online purchases, car loans, satellite television, cellphone bills and even her own wedding.Burlington County Prosecutor Scott Coffina in New Jersey and Florence Township Police Department Officer in Charge Jonathan Greenberg announced that Taisha D. Smith DeJoseph, 43, of Willingboro, New Jersey, was charged with embezzling a total of $561,777 from St. Paul’s Baptist Church where she volunteered as the financial director.“The investigation began after officials from St. Paul’s Baptist Church who suspected the theft contacted the BCPO (Burlington County Prosecutor’s Office) Financial Crimes Unit,” the BCPO said in a statement. “The investigation revealed that over a five-year period ending in March 2019, Smith-DeJoseph, who was responsible for overseeing the church’s finances, opened electronic bank accounts for St. Paul’s and used the funds for personal purposes.”Smith-DeJoseph, along with the reported unapproved spending, also allegedly issued payroll and supply reimbursement checks from the church’s coffers and fabricated monthly financial statements to hide her tracks from other church officials.She allegedly failed to file tax returns for 2014, 2015, 2016 and 2018 in an attempt to hide her embezzlement scheme from the government. In 2017 she filed a fraudulent tax return. Authorities estimate that in the five-year period from 2014 to 2018, Smith-DeJoseph ended up stealing over half a million dollars — $561,777 — for her own personal use.“The investigation revealed that Smith-DeJoseph used the money to pay her car loans, rent, credit card expenses, satellite television and cell phone bills, to make hundreds of online purchases and even to pay for her wedding at a Burlington County venue,” said the BCPO.Smith-DeJoseph allegedly made 2,718 PayPal purchases adding up to more than a quarter of a million dollars, 805 Amazon purchases totaling more than $22,000, wrote herself 181 unauthorized checks for more than $182,000, and left the church accounts in a negative balance 510 times in seven years, according to ABC News’ Philadelphia station WPVI-TV.Smith-DeJoseph was charged on Tuesday with Theft by Deception, Computer Criminal Activity, Misapplication of Entrusted Property, four counts of Failure to File Personal Income Tax, five counts of Failure to Pay Income Tax, and Filing a Fraudulent Income Tax Return, according to the BCPO. The case will now be prepared for presentation to a Burlington County Grand Jury for possible indictment.When asked about how this could have happened, Pastor Fred Jackson of St. Paul’s Baptist Church spoke plainly.“We put our trust in other people as well as in God and sometimes that trust is misplaced … it is very hurtful for the entire congregation,” he said. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Congress came through. Why is real estate not satisfied?

first_imgEmail Address* Share via Shortlink Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink The real estate lobby that its critics think is so powerful can only dream of having the kind of pull in Albany that education and health care do. Simple math will force the Cuomo administration to find savings from schools and Medicaid, because that is where the money is, but when it comes to tax revenue, real estate’s favorite customers are a likely target.Fights for a pied-à-terre tax and another millionaires’ tax will start to heat up in January and carry to the end of March, when the state budget is decided. Taxing second homes is easy pickings politically, because they are owned by the well off, many of whom live outside New York. Lawmakers are not too worried about the political fallout from enacting a tax that shaves, say, 10 percent off the sale price of non-primary residences worth $5 million or more. (The technicalities of enforcing one are daunting, but that’s another matter.)Legislators might also add a top-tier income tax to the current statewide millionaires’ tax of 8.82 percent, which combined with New York City’s income tax gives the Big Apple the second highest maximum income tax rate in the nation (behind California). Gov. Andrew Cuomo has held off tax increases since taking office in 2011, but this month said they are likely without federal aid. And he got no aid in Monday’s bill.There is a debate about whether the rich will flee New York if taxes are raised. That is the wrong question, though. If the tax rate were raised to 100 percent, of course they would leave. The issue is how high a rate they will tolerate.No one knows the answer, despite anecdotes about people moving to Florida, which has no state income tax. Indeed, the number of billionaires in New York City has increased since the first millionaires’ tax was passed in 2009. It’s apparently in the triple figures now, up from the 70s back then. It seems some folks are too busy making enormous sums of money to bother changing their tax residency, or just live wherever they want because they can“The key is making sure that you are competitive relative to other jurisdictions,” said Andrew Rein, president of the Citizens Budget Commission.What about New York City? Its budget problems have turned out to be not as bad as Mayor Bill de Blasio claimed when he was pleading for a federal bailout. Thanks again to Wall Street and low interest rates (which allowed for debt refinancing), and to previous stimulus bills fueling the economy, this year’s budget is balanced at $92 billion.The next one, beginning July 1, officially has a $3.8 billion deficit — and unofficially $4.8 billion if you add the $1 billion in savings from unions that they and the mayor promised five months ago but have not delivered.Fortunately, the city has $2.8 billion in reserves. Exhausting that would bring the deficit down to $2 billion.The unions should be able to pitch in their billion (consider that more than 90 percent of unionized city employees pay nothing toward their health benefits, and lots of retired city employees get city-funded health care until they turn 65 and qualify for Medicare).The final billion could come from things like attrition — not replacing workers who leave city service. Would that hurt the quality of life that the real estate industry depends on? Not by much. The industry did pretty well when the city’s headcount was 297,000 halfway through de Blasio’s first year in office. Six years later, it was 324,000. Universal pre-K accounted for only 6,000 of the gain. The main impediment to cutting spending is the mayor’s ideology, not the idea that the city would fall apart.The final leg in the three-part stool that underpins real estate is the transit system. Congress is sending only $4 billion of the $12 billion that the Metropolitan Transportation Authority said it needed to avoid massive service cuts. That buys the MTA time to find recurring savings that close large budget gaps in 2022 and 2023.“The subway is the lifeblood of our economy, without question,” said Rein.Citi Bike will not bring office workers and tourists back to Manhattan. For New York metro area real estate to recover as the world is vaccinated, the trains have to keep coming. But the industry does not want to kick in more tax money for transit, as it did a year ago to fund the system’s capital plan.It is conceivable, but not especially likely, that Congress will make cities, states and transit systems whole with a future aid package. They are essentially on their own, which will keep real estate’s lobbyists busy in 2021.Contact Erik Engquistcenter_img Full Name* A photo illustration of Gov. Andrew Cuomo and Mayor Bill de Blasio (Getty) It’s not the $2.2 trillion that House Speaker Nancy Pelosi wanted, but the $900 billion federal aid package approved Monday has serious funding for real estate: $325 billion for small businesses and $25 billion for rental assistance.The rest of the stimulus — including $166 billion in checks, $120 billion for unemployment and $45 billion for transportation — will help the industry indirectly by sustaining shopping and transit systems. It will provide a figurative shot in the arm while millions of Americans get a literal one.Its omission of funding for city and state governments, however, means real estate will have to fight next year, in New York and probably elsewhere, to stave off tax increases.ADVERTISEMENTCovid cost New York governments a lot of revenue. Not as much as initially feared — because Wall Street’s big year will generate big tax payments — but more than lawmakers are inclined to make up by cutting spending.For the state, the biggest mouths to feed are not agency employees (contrary to what the average Joe thinks) but education and health care. No one should expect Albany to slash these funding streams to balance next year’s budget.Both industries have powerful lobbies — think teachers’ and health care unions, hospitals and nursing homes — and lots of allies in the legislature. They are all well practiced in stirring up public outcry over Johnny’s teacher potentially getting laid off or no nurse answering the bell when Grandma presses the call button.Read moreThe real impact of the pandemic on NYC financesNYC’s fiscal fiasco vexes real estate industryHotel distress could cost city $1.8B in tax revenue TagsalbanyMetropolitan Transportation AuthorityPoliticsReal Estate and Politicslast_img read more

Qatar Petroleum signs $19.2bn LNG shipbuilding deals with Korean firms

first_img Qatar Petroleum CEO said that the LNG shipbuilding deals reflect the company’s commitment to the North Field expansion projects. (Credit: Qatar Petroleum) Qatar Petroleum has signed three LNG shipbuilding deals with a combined worth of more than QAR70bn ($19.23bn) with South Korean firms to address its liquefied natural gas (LNG) growth plans.The three Korean shipyards involved in the deals to reserve LNG ship construction capacity for the Qatari national oil company are Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI).The three South Korean companies will reserve a major portion of their LNG ship construction capacity for the Qatari company through the year 2027.Samsung Heavy Industries president and CEO Joon Ou Nam said: “I am deeply grateful for the signing of this agreement between Qatar Petroleum and Samsung Heavy Industries. SHI promises to deliver the best quality LNG carriers with on-time delivery.“Particularly, we will build the best LNG carriers for Qatar Petroleum in terms of efficiency, reliability and HSE through the technology and workmanship developed within our company.”Through the LNG shipbuilding deals, Qatar Petroleum will secure more than 100 ships that will be part of its future LNG carrier fleet requirements. These ships will be deployed for its ongoing expansion projects in the North Field, in the US, and in other regions.Qatar Petroleum CEO comments on the LNG shipbuilding dealsQatar Minister of State for Energy Affairs and Qatar Petroleum president and CEO Saad Sherida Al-Kaabi said: “The signing of today’s agreements with the three esteemed Korean companies reflects our commitment to the North Field expansion projects, even during these extraordinary times.“As I have previously stated, we are moving full steam ahead with the North Field expansion projects to raise Qatar’s LNG production capacity from 77 million today to 126 million tons per annum by 2027 to ensure the reliable supply of additional clean energy to the world at a time when investments to meet these requirements are most needed.”According to Saad Sherida Al-Kaabi, the new LNG ships to be delivered under the LNG shipbuilding deals will be equipped with the latest generation slow speed dual fuel engines, and will use LNG as a fuel. This is expected in ensuring the most efficient performance and compliance with the latest global emission and environmental regulations, said the Qatar Petroleum CEO.Qatar Petroleum initiated its LNG ship construction programme for 100 and more new LNG carriers in April 2019 with an objective to address the shipping requirements of its North Field Expansion project in the Persian Gulf. The invitation to tender issued at that time also covers shipping requirements for the LNG volumes that will be purchased and offtaken by Ocean LNG, the Qatari company’s joint venture with ExxonMobil, from the Golden Pass LNG export project in the US. The three Korean shipyards involved in the LNG shipbuilding deals with Qatar Petroleum are Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI)last_img read more