World Bank

Bitcoin mania: What the big names of finance are saying – Honolulu, Hawaii news, sports & weather

By Daniel Shane HONG KONG (CNNMoney) — Bitcoin’s stunning rise was one of the big stories of 2017, and it’s set to divide opinions further this year. The digital currency’s price soared more than 1,300% last year, easily outgunning the returns from many traditional financial assets like stocks, bonds and gold. But while bitcoin has gained greater mainstream acceptance in recent months, it still has a lot of critics. They warn about issues like its volatile price, absence of underlying…

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2018: a year to nurture opportunities for growth

A New Year message from Brand South Africa’s CEO, Dr Kingsley Makhubela. Dr Kingsley Makhubela A new year always ushers in a sense of renewal – a renewal of purpose and collective commitment to excellence in strengthening our country, accordingly helping to build a more resilient Nation Brand. For all of us, 2018 brings opportunities for forgiveness, tolerance and unity. As we close the pages of 2017 and turn the opening chapter of this brand new year, we have much…

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A look at various kinds of corruption: Part 1 | Greg Lopez | Opinion

JANUARY 2 — Corruption is a word that Malaysians hear regularly. There are many other words that are often confused or used interchangeably with corruption.  The World Bank has the following words that are often used interchangeably with corruption. Corruption — a corrupt practice is the offering, giving, receiving or soliciting, directly or indirectly, anything of value to influence improperly the actions of another party. Collusion – a collusive practice is an arrangement between two or more parties designed to…

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GDP growth to pick up in 2018; oil, inflation risk factors

With the effects of demonetisation and the transition hiccups of the GST firmly behind, India’s economic growth is likely to pick up in the new year but rising oil prices and a firming inflation may spoil the party. Some believe 2017 is best forgotten as the twin blows of demonetisation and mangled Goods and Services Tax (GST) ripped the economy for the most part. By some accounts, loss to GDP has been estimated to be around 2 per cent of…

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2 Killed As Anti-Government Protests Enter Fourth Day In Iran

Updated at 8:23 a.m. ET Sunday Two protesters were killed Saturday night as anti-government protests in Iran continued into a fourth day. Demonstrations began on Thursday and thousands have taken to the streets in multiple cities over the weekend, with many protesters calling for the removal of Iran’s supreme leader, Ayatollah Ali Khamenei. The government warned on Sunday that protesters would suffer severe consequences if demonstrations continued. “Those who damage public property, violate law and order and create unrest are…

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Corruption in India: Major challenge for foreign investors, says US firm Kroll

The survey found 69 per cent in India as saying they had to pay a bribe, followed by 65 per cent in Vietnam. China was much lower at 26 per cent while the same for Pakistan was 40 per cent. (IE) Foreign investors are still looking at corruption as a major challenge when it comes to making investment decision in India and also see ‘evolving’ corporate governance and risks to security of assets as other pain points, says US risk…

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Guardian Newspaper Nigeria – Somorika monarch honours Edo Chief of Staff | Nigerian Bulletin

Akerele surrounded by well-wishers The sleepy community of Somorika in Akoko-Edo local government area came alive, last week, as it hosted Edo State Chief of Staff, Taiwo Akerele and inducted him into an age group. He was also honoured with the name, Omokhafe, which translates into ‘child is home.’ The community’s monarch, HRH Oba Sule Idaiye, said the community respected Akerele, because he has shown love to it and the local government area.He said: “I am an old man, and…

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Losing River Jhelum | Opinion

Losing River Jhelum In the summer of 2012, the energy shortfall in the country reached 8,500 MW with over eight hours of loadshedding in urban areas and close to 20 hours in the rural belts. The country faced a severe power crisis that threatened economic growth and stability. Over the past five years, the situation has improved as a result of concerted efforts by the government and the private sector to increase generation capacity. One of the strategies employed by…

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How two of a kind see where we stand

By FRANK WHALLEYMore by this Author For me this year is ending on a high, with two of my favourite artists included in a mixed show at one of my favourite galleries. The artists are Peterson Kamwathi and Beatrice Wanjiku — so no surprises there — and the gallery is at Red Hill off the road from Nairobi to Limuru. Filled with light and with all works sensitively hung, what is there not to like about the Red Hill Art…

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Bankruptcy Code Bill passed in Lok Sabha- The New Indian Express

Finance Minister Arun Jaitley. NEW DELHI: Wilful defaulters and promoters will not be allowed now to participate in bidding to buy stressed assets of companies undergoing insolvency proceedings as the Lok Sabha on Friday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017. Union Finance minister Arun Jaitley said the government cannot allow loan defaulters to “merrily walk back” by paying a fraction of the due amount. The new amendments are part of an ordinance that was brought in last…

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Now answer your 170 campaign ‘questions’ – Amissah-Arthur to Bawumia

Politics of Friday, 29 December 2017 Source: Myjoyonline.com 2017-12-29 Kwesi Amissah-Arthur, former Vice President of Ghana Ex-Vice President Kwesi Amissah-Arthur has asked his successor Dr Mahamudu Bawumia, to concede the country’s economy is struggling, despite efforts to revamp it. He said the economy under the governing New Patriotic Party (NPP) has not been any better than it was under the past government. Mr Amissah-Arthur told Joy News’ Central Regional Correspondent Richard Kwadwo Nyarko on the sidelines of a National Democratic…

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‘Disgusting’: Holiday paradise in ruins as Bali battles oceans of plastic

JEWEL TOPSFIELD AND AMILIA ROSA Last updated 00:35, December 30 2017 FAIRFAX AUSTRALIA Bali’s beaches are vomiting rubbish again. It’s the monsoon season in Indonesia, which means Bali’s iconic surf beach in Kuta is vomiting rubbish again. The water is a soupy sludge of plastic and the sand littered with Coke bottles, thongs, crumpled plastic water cups and drinking straws. Shadikin Akbar, who teaches surfing lessons on Kuta beach, encountered a sanitary pad in the water. “Rubbish makes the beach disgusting,” he…

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asset reconstruction company: KKR gets RBI nod to start India’s 1st Foreign-owned ARC

MUMBAI: US buyout giant KKR & Co has become the first foreign investor to fully own an asset reconstruction company (ARC) in India as it received approval from the Reserve Bank of India at a time when lenders are fighting with a pile of bad loans that have crippled their businesses. KKR, one of the most aggressive investors in financial services, plans to deploy a major chunk from its record Asia fund for buying troubled assets in the country, multiple…

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Upper Chico River Irrigation System seeks new contractors

REHABILITATION of the Upper Chico River Irrigation System (Ucris) is sought by the National Irrigation Administration (NIA) after terminating the services of its contractors of the World Bank subsidized project in November 2016 with the remaining balance of P135 million. NIA-Cordillera acting regional manager Engineer Benito Espique Jr. said with the ongoing procurement currently conducted by Kalinga Irrigation Management Office, the project rehabilitation will start on March until the end of May next year. “Hopefully ma- award before summer season.…

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World Bank Approves K73billion Project To End Water Woes In Lilongwe…To Triple Water Supply – Malawi Voice

The Madzi House, Lilongwe Water Board’s Head Office Half a million residents of Malawi’s capital city, Lilongwe have all the reasons to smile this festive season and beyond following the approval of a $100 million (about K73 billion at current exchange rate) Lilongwe Water and sanitation Project the World Bank, which will improve water services and sanitation in the city. The World Bank approved financing for the six-year Lilongwe Water and Sanitation Project (LWSP) composed of a $75 million credit…

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