Tivoli look to maintain good form in 2017

first_img HEADED HOME Wellington has scored four goals but could be heading back to his home club. “Rodico (Wellington) wants to return. He has been training (since late December). He is from the area and represented the club,” Edwards disclosed. Edwards also said that the key to Tivoli doing well is the discipline. “The discipline has been good. However, we want better attitude from the players towards the game,” he shared. Edwards praised veteran Jermaine ‘Teddy’ Johnson for his leadership on and off the field. Johnson who is 36 year-old is the club’s leading marksman on eight goals. He is only one goal off leading striker Shamar Nicholson of Boys’ Town. “Teddy is not getting younger, he has a responsibility to keep the team together. He really wants to play and win titles at the club. He is the first to reach training and the last to leave,” Edwards said about Johnson who represented Jamaica and also played club football in England. When quizzed about his team’s chance of winning the premier league this year, Edwards responded: “Based on the quality players, we can stay in the top six and take it from there.” Tivoli will next play against promoted Maverley-Hughenden when the RSPL resumes on January 8. Tivoli Gardens are looking to bolster their Red Stripe Premier League (RSPL) squad with one or two players during the January transfer window, which opened on Sunday. The West Kingston-based outfit enjoyed a good run last year and are currently in second position on 32 points, three behind leaders Montego Bay United (35). They have won 10 games, drawn twice and suffered five losses in their 17 league games. They have scored a league high 27 goals and conceded 14 times. However, coach Omar Edwards, who took over from Glendon ‘Admiral’ Bailey last summer says there could be additions to the team. “I understand that one or two players are interested in joining the team,” said Edwards. One of those players is Rodico Wellington, who started the season at promoted Maverley-Hughenden.last_img read more

Legislation to meet conditions of US$35M World Bank loan

first_imgFinancial bills tabled in ParliamentThe recent tabling of a range of financial bills by the A Partnership for National Unity (APNU)/the Alliance For Change (AFC) coalition Government is primarily aimed at meeting certain conditions for the US$35 million World Bank loan that Government has been granted.Opposition Leader Bharrat JagdeoThis is according to Opposition Leader Bharrat Jagdeo, who said that the five bills are: the Financial Institutions (Amendment) Bill 2018, Insurance (Amendment) Bill 2018, National Payments System Bill 2018, Bank of Guyana (Amendment) Bill 2018 and the Deposit Insurance Bill 2018.Jagdeo explained that the contents of these bills have direct relation to Guyana being able to access the World Bank loan. According to him, while some may want to believe that the World Bank is giving the Government some assistance, it is more aimed at steering the Finance Ministry in a certain direction.“The loan has several conditions. It will be helpful for Private Sector and all those who are interested in the legislation before Parliament now to look at this document,” he advised, while explaining that the World Proposed Programmatic Development Policy Credit lists several conditions that have to be met.But the Opposition Leader noted that many of the conditions set out by this institution did not apply to the local economy. In some cases, it requires a longer phase. In other words, Jagdeo said that focus should be placed on looking at the local circumstances before any change to legislation is made.“There are procedures for winding up a bank’s operations, deposit insurance, emergency short-term liquidity facilities, all licensed insurance companies, cashless transactions (the payment system) and they have targets of what has to be done in how many years,” he added.Another important observation made by the former Head of State is the fact that the Government can get the US$35 million if the Financial Intelligence Unit (FIU) works in a certain way.He pointed to the fact that the World Bank has set as a condition that the FIU must have 20 reports referred to the Police for investigation into money laundering and 10 updates to all of the 2017 cases. The World Bank is also demanding 25 cases between June 2019 and June 2020.Jagdeo has noted that the Government has not mentioned these facts, and he also believes that all of the financial bills have been drafted by external consultants as well.Only seven days ago, the US$35 million loan was approved by the World Bank to support Guyana’s efforts to strengthen the financial sector and fiscal management, and but more importantly, to better prepare the country to benefit from its newly-discovered oil and gas reserves.Finance Minister Winston Jordan has said that the financing would provide critical support to Guyana’s reform agenda and efforts to strengthen institutions and build a resilient economy that was capable of withstanding both external and domestic shocks. These reforms, he said, will be key to guide the management of oil revenues for the benefit of present and future generations.Meanwhile, following the disbursement of this loan, World Bank Country Director for the Caribbean, Tahseen Sayed said that Guyana was making important strides to promote financial resilience and improve fiscal management, and has embarked on a broad-based reform programme.“These reforms will be key to build a strong economy that is underpinned by a strategic management of public resources for the benefit of the Guyanese people,” Sayed said.The financing focuses on strengthening financial stability and enabling sound financial development to promote macroeconomic stability and long-term growth. In particular, it will support banking reforms and depositor protection, the establishment of a deposit insurance scheme, implementation of a new insurance law, and the country’s anti-money laundering efforts.This Development Policy Credit, the first of a series of two programmatic financial and fiscal development policy credits, is financed by the International Development Association (IDA).last_img read more

Click the cover to view the book onlineA concept d

first_imgClick the cover to view the book onlineA concept defining the highest level of luxury holidays coined by Traveller Made‘s think tank, The Luxury Travel Lab, has been recognised in a research paper and book called The Art and Science of Luxury – An Asian Perspective.The book by LVMH (Moët Hennessy – Louis Vuitton) and the Singapore Management University offers insight into luxury products, brands and purchasing trends, as well as a chapter dedicated to “The Case of Haute Villegiature”. Among those providing input and direction for the study was Quentin Desurmont, Founder and President of the luxury network community of travel designers, Traveller Made.Traveller Made launched the concept of Haute Villégiature last year.So what is Haute Villégiature?The report found a “boom of consumption of exceptional travels/stays/journeys from all cultural origins and around the world” with hoteliers, yacht rental operators and airlines increasingly “showcasing unique and sometimes time-limited products, such as bespoke services, pop-up rooms to stay in and unexpected encounters with the starred ‘Chef ’ of the hotel.”“Therefore, it looks like the industry is witnessing the already quite structured birth of a specific category of services that would belong to a different world than the luxury travel and hospitality sector,” the book says.The chapter compared the travel category to Haute-concepts in other luxury sectors, such as Haute-couture in fashion, Haute-cuisine in food, Haute-horlogerie in watchmaking and Haute-joaillerie in jewellery – all linked to Haute-façon and the notion of craftsmanship, unicity and know-how.“In the travel and hospitality industries, there is thus a new emerging concept, which has been labelled Haute-Villégiature, inspiring itself from the pre-stated Haute-concepts and the notion of “Villégiature”, a French word that opposes itself to strict tourism owing to its pace,” the report explains.Haute Villégiature – by definitionFollowing a Delphi Study that was based on responses from 18 travel industry experts in the luxury space, representing brands such as Belmond, Great Plains, Journey Beyond, La Reserve, TAJ, COMO, Peninsula and Forbes, the study finalised a list of statements that define Haute Villegiature. They include:Haute Villégiature is about the highest quality standardsPeople working for Haute Villégiature are led by passionOne objective of Haute Villégiature is to be a wow factorOne key component of Haute Villégiature is being creativeOne key component of Haute Villégiature is being innovativeClients of Haute Villégiature have specific expectationsEach Maison has its own style and personalityPeople working for Haute Villégiature are highly knowledgeable/experts in their businessOne objective of Haute Villégiature is to surpriseOne objective of Haute Villégiature is to exceed expectationsHaute Villégiature deals with unique clientsTraveller Made’s Quentin Desurmont evaluated the study saying:“At Traveller Made we are very happy that the international luxury research community evaluated the Haute Villégiature concept as an important milestone contributing to the future of luxury.“We are very honoured that the paper was chosen amongst many other research papers to be published in the LVMH-SMU Luxury Research Conference proceeding book. It is our duty to finance studies and researches that will help the luxury travel industry move to the next level,” Dersurmont concluded.Lead image: Kudadoo Maldives Private Islandlast_img read more