Malta businesses criticise the country’s COVID-19 rescue package

first_img EU research agency demands urgent action on loot box consumer safeguards July 29, 2020 Share Soft2Bet continues new market drive with Irokobet launch August 26, 2020 Share TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Submit Malta’s business community and trade unions have urged the government to rethink terms and conditions attached to its €1.8 billion COVID-19 ‘rescue package’.Last week, Malta’s new Prime Minister Robert Abela presented the Labour Party’s COVID-19 economic pledge, focusing on maintaining liquidity of Malta businesses.The Malta Treasury’s headline policy saw the government commit to a €1.6 billion liquidity fund which will absorb a reported €700 million in tax deferrals and €900 million in business-loan guarantees.Supporting its economic measures, Malta’s government will also provide businesses with access to a €4.5 billion credit facility, mitigating long-term COVID-19 impacts.During the isolation period, all Malta registered businesses will be compensated with a €350 per employee ‘quarantine leave’ payment.The Malta government added that it will provide €800 per month in guaranteed benefits to any Maltese or EU National who is made redundant during the outbreak period.Publishing the terms of Malta’s relief package, Abela underlined that the measures had been undertaken in cooperation with Malta’s business community.   However, the Malta Employers Association (MEA) has criticised the government’s economic plan, stating that the package guarantees were ‘different to the label’.Issuing a statement to the media, it bemoaned the fact that the economic plan focuses on tax deferments, rather than the outright cancellation of payments, during a global crisis period. In addition, the MEA and further Malta trade unions argue that Labour Party measures are insufficient for hospitality and leisure incumbents impacted by the loss of tourism revenues.“The bulk of the package is a deferment – not cancellation – of VAT and Social Security payments, and loan guarantees,” the statement read. “The impetus should have been more on wage subsidisation, rather than liquidity. This would have been more effective to protect jobs in the private sector.” Related Articles StumbleUponlast_img read more

AFCON 2019: Mulumbu tips DR Congo for success

first_imgDemocratic Republic of Congo captain Youssouf Mulumbu believes his side can go all the way at the 2019 Africa Cup of Nations in Egypt.The two-time champions finished third in 2015, but went out of the 2017 edition in the quarter-finals.As the Leopards prepare to face Uganda in their opening match on 22 June, Mulumbu is confident his side can reach the final.”We missed a bit of what it takes at the last tournament in 2017 and we’ve worked hard on some of it during qualification,” Mulumbu told BBC Sport.”If we can correct a little bit of what is missing we can go all the way to the final and even win it.”I sound very confident because we’ve been together as a group for a while now. “In tournaments like this, all the little details matter and we have a highly experienced coach [Florent Ibenge] on our side.”Seven-time champions Egypt are favourites for the title and DR Congo will face the Pharaohs in their second Group A match.However, Celtic’s Mulumbu insists there are bigger challenges beyond the hosts at the continental showpiece.”We’ve seen teams beat top sides like Ghana, it tells you there are no weaker teams in Africa,” he added.”You can’t focus on teams like Egypt because they are very successful and leave out others. “There are no guarantees and you don’t want to get into permutations to qualify.”Right now we only take it game by game, because our target is first to finish in the top two from our group.”The 2019 Africa Cup of Nations kicks off on Friday with hosts Egypt playing Zimbabwe in the opening match in Cairo.last_img read more

Jamarius Way began journey to NFL Draft chasing rabbits in ‘The Muck’

first_img Four years separated Jamarius and Robert. Jamarius calls Robert his mentor, though, like most brothers, there was rivalry as they were growing up.”It was definitely competitive,” he said. “We would always try to out-do each other. I really looked up to him, but I never let him know that he was my role model because I always wanted to be better than him. I used to always lose, I’m not going to lie, but he kept my head on straight. He was a mentor to me in the absence of my dad in my life. He’s a big part of where I’m at now.”Family bragging rights have tilted in Jamarius’ favor. Way is off to the NFL, having escaped the poverty and the fields and the other hardships that have enveloped so many other kids from the area. From the smoke and ashes, the latest to emerge is Jamarius Way. A receiver from South Alabama, Way hopes to follow in the footsteps of the dozens of “Muck City” residents who have reached the NFL, a list that includes Hall of Fame linebacker Rickey Jackson, running back Fred Taylor and receiver Anquan Boldin.”I’m not going to bash my city because I love my city,” Way said of his hometown of Belle Glade. “But, at the same time, it’s not someplace that I’d recommend someone to come stay because there’s not much to do. It’s a lot of motivation being able to play football and being able to go to college and get away from all of this. To be able to go to college and play and one day have a chance to go to the NFL, it’s all a big motivation. It’s part of the reason why we go play football — to help our families live a better life.”MORE NFL DRAFT:Best prospects by position in 2019 classGenerations of kids have gone to the burning fields to chase rabbits. It’s a tradition that is dying among the area’s athletes, said former Glades Central High School star Roosevelt Blackmon, a fourth-round pick by the Green Bay Packers in 1998 and one of Way’s former coaches at Glades Central.Not with Way, who joined his older brother — former Bethune-Cookman linebacker Robert Way Jr. — and cousins in the fields before going rabbit hunting for the first time when he was about 14.”Growing up in Belle Glade, it’s a very small town. There’s nothing to do besides play football,” Way said. “When you’re playing football, you want to try to get speed. In order to get speed, during sugar-cane season, they burn the cane in the fields and all the rabbits come out, so we chase the rabbits just for fun, just to get fast. We eat them, too, but we chase them just to get fast.” The fertile fields of “The Muck” produce sugar cane and football players.Every year from October to April, sugar-cane farmers burn the leaves of the plants to expose the canes that produce the sugar you put into your cookies or morning coffee. During those months, plumes of smoke soar into the air around the Palm Beach (Fla.) County communities of Belle Glade and Pahokee. As long as the sugar-cane fields have burned, boys from the area known as “Muck City” have braved the heat and smoke to chase rabbits in pursuit of dinner, a few bucks and bragging rights. The scene during cane season defies description. “The Muck” is aptly named. The fertile ground is muck; dark and wet. The black smoke “will kill you,” Way says, and limits visibility. The kids stand downwind from the smoke and the flames and wait for the frightened rabbits to emerge from the fire and tractors.Then, the chase is on.With their speed and ability to veer this way and that, the rabbits have the advantage.”You try your best to trap them and corner them to keep them from running in between canes,” Way said. “Once you get behind one, you jump down and you grab them. Rabbits cut really fast, so it could help you with your agility.”MOCK DRAFT 2019:Cowboys, Bears trades pay off for RaidersGrowing up, Blackmon figures he was a veteran of perhaps 20 rabbit hunts. He laughs when recalling his experience: “There’s a trick to catching a rabbit. You don’t just get behind the rabbit and run and catch it. You hit the banks and you hit the side and wait for them to come out. You use a stick to catch a rabbit.”Whatever the technique, the cane fields have helped produce scores of athletes. Way, a late-round prospect in the 2019 NFL Draft, is the latest. He spent the 2015 and 2016 seasons at Ellsworth Community College — “Cold. Very cold,” was Way’s description of Iowa Falls, Iowa — before landing at South Alabama. He caught 47 passes for 762 yards and three touchdowns in 2017 and 61 passes for 855 yards and eight touchdowns in 2018.Possessing size (6-3 1/2) that comes naturally and agility that was honed by chasing rabbits, Way will have overcome more than burning sugar cane to get to the NFL.”I had one of my closest friends get murdered three years ago,” he said. “That’s not the type of life that we’re supposed to be living. My friend was living a lifestyle he shouldn’t be around on the streets. I tried to talk to him and tell him, ‘Yo, this ain’t us. Come on, man. Come on the other side.’”That made me realize that life is too short. I’d rather go out with a bang than go out with nothing behind my name.” MORE: All you need to know about the 2019 NFL Draft in Nashville”The crazy thing about all of that is it’s so scary,” Way said of the draft process. “You never know when your phone’s going to ring. You never know if your phone’s going to ring. It’s a scary process but, at the same time, it’s something that I’ve dreamed about.”I was always playing ‘Madden’ and wanted to get me on the game and created myself. Now, I won’t have to create myself. I’ll be on the game.”last_img read more

Hawaii linebacker Scheyenne Sanitoa dies at 21, university announces— Hawaii Football (@HawaiiFootball) July 5, 2019MORE: Notable sports deaths of 2019″It’s always heartbreaking to lose a member of our UH ohana, particularly when it’s one of our young student-athletes,” Matlin said in a statement, per Hawaii News Now. Sanitoa, a native of American Samoa, played in 12 games (two starts) for the Rainbow Warriors in 2018. He recorded 21 solo tackles, four tackles for loss and two sacks. Hawaii junior linebacker Scheyenne Sanitoa died Thursday, the university announced. He was 21.No cause of death was given. Athletics director David Matlin said UH was informed of Sanitoa’s death Friday morning.last_img read more

New NFL uniforms 2020: Here are the jerseys for Patriots, Buccaneers, Falcons, Browns and Chargers

first_img’s new: Maybe the better question is: what’s old? The Buccaneers spurned their futuristic-looking kits from their 2015 rebranding for something more traditional and familiar. The Bucs say that their uniforms are inspired by the 1997 through 2013 era of Tampa Bay football, one in which they won their first and only Super Bowl in 2003. In fact, the number font is the same to that of those prior uniforms, with the red a deeper one to that of their prior uniforms. Buccaneers owner Ed Glazer pointed out some of the details of the new uniforms .This new but familiar look is a direct result of the valuable feedback we received from our fans. We are excited to return to our classic Super Bowl era uniforms while also introducing a sleek Color Rush uniform that showcases our signature pewter in a new and dramatic way. The refreshed classic design of our home and away combinations bridges our past with our exciting new future, and we are confident it will resonate with our fans.With a new all-pewter alternate uniform, the Buccaneers have just three uniforms in rotation for the time being. Atlanta Falcons new uniforms’s new: The Patriots have used the Color Rush uniforms as an alternate for a few years now, and it’s one of the more visually appeasing sets of unis in the league. With Tom Brady now out as Patriots quarterback, the new uniforms signify a new era in New England football. Jen Ferron, chief marketing officer of Kraft Sports and Entertainment, felt like a moderate change was best for the brand.As we started to think about the 2020 season and a new decade, we began to envision what we wanted our uniforms to reflect. The success of the ‘Color Rush’ uniform that we’ve worn for the past couple of years had us thinking that we didn’t need to make real substantive changes, rather we could make modest changes to our home uniform and then use a complementary version with those same aesthetics for our away uniform.The new uniforms for the Patriots feature blue tops with blue bottoms, while a white top with blue bottom will be their primary away digs. The shoulder stripes are an ode to throwback uniforms and While the Patriots don’t have a white or silver pants alternative — something that would have looked nice with the blue tops — these are a welcome Los Angeles Chargers new uniforms (Cleveland Browns) When Nike took over for NFL’s uniform making in the early 2010s, a few things were promised: innovation and the future of design. The innovation in material and jersey technology have been apparent and effective while the design has seen varying degrees of success.MORE: Ranking Nike’s NFL uniform redesignsThis offseason, we’ve seen a lot of teams revert to old looks while others have been very fashion forward. In all, five teams have unveiled new uniforms with a few more to come.Here’s how they all look with some of their more prominent changes:Tampa Bay Buccaneers new uniforms (Credit: Atlanta Falcons) New year, new threads.Nothing invigorates a fanbase like a new set of uniforms. New kits oftentimes signal a new era for teams, which brings hope and excitement for a lot of fans. It also brings about a lot of bad and hilarious Tweets ripping the uniforms. (Credit: Chargers) Browns uniforms’s new: As with the Buccaneers, maybe the best question to ask is what’s old?The Browns went in with a bold rebranding in 2015, and it worked to some degrees. While the new, deeper orange was much more inviting and easy on the eyes when paired next to their signature brown, the rest of the branding updatesThat’s not the case with their new look for 2020. The Browns went with something simpler, more traditional and inviting, a strategy that doesn’t or wouldn’t work for most NFL teams. Co-owner and executive vice president JW Johnson echoed those sentiments:We wanted to get back to the roots of who the Browns are. We’ve heard it from our fans and from our players. We needed to get back to our roots. As you look at iconic franchises like the Browns, the Bears, the Packers, the Cowboys — they’re true to who they are. They’re not doing a lot of changes and trying to make a lot of flashy moves with their uniforms. I think when we went through the process, it just felt right that we got back to who we are and who we’ll always be.These uniforms are much more similar to the unis of the ’50s through ’80s and eliminated the “BROWNS” ultra branding on the leg and Cleveland across the chest. While the Browns don’t have a lot they can work with when it comes to motifs, these are a welcome sight and change.New England Patriots new uniforms’s new: The Chargers improved on an already-great look by simplifying the shoulder bolts, updating the numbers and adding a few shades of blue for their alternate kits. Aside from that, the Chargers re-added the numbers back to their helmets (a staple of Charger unis of yesteryear), elongated the bolt on the lids and removed the unnecessary backdrop stripe on the shoulder bolts. All in all, one of the best uniforms in the sport, in fact, got better.Indianapolis Colts new logo What is featured in their new uniforms, though, is a new font for their numbers which mirrors their wordmark. Those are the only changes for the Colts for the upcoming season, but they’re nice ones that work.The Colts dealt with some controversies, though, as their new secondary logo drew the ire of someone who had originally designed something similar.Los Angeles Rams new uniformsRams’ new uniforms….thoughts?— Adam Schefter (@AdamSchefter) May 13, 2020Closer look at the @RamsNFL new uniforms. 👇🏻— Andrew Siciliano (@AndrewSiciliano) May 13, 2020What’s new: The Rams saved the worst for last with their new uniforms aren’t out yet. Many expected their current blue and gold alternates would be promoted to regular status, similar to what the Patriots did with their Color Rush uniforms. The old colors held true, but L.A. introduced a number font and gradient that were anything but vintage and made fans cringe. (Credit: Colts)’s new: Of the seven teams who introduced new or updated uniforms this offseason, the Colts did the least. They introduced a new wordmark, which is very fitting for their brand. They also introduced black into their color scheme, though it’s not featured in their uniforms. (Tampa Bay Buccaneers) (Credit: Patriots)’s new:  The Falcons went all-in with a new look for 2020 and beyond.When their old kits were introduced in the 2002 season, they were almost too futuristic for some to handle. But the looks endured during the Michael Vick and Matt Ryan eras and eventually became dated. Now, the Falcons take another quasi-futuristic approach with their uniforms while also simplifying them. The team has eight different color combinations with the new uniforms and introduce a new gradient alternate uniform, which actually works well. They are also keeping 1966 throwback uniforms as a wardrobe staple.But arguably the nicest and most unique part of the Falcons new uniforms is the satin finish of their black helmets; it makes the lids look almost deep gray, which plays well with the rest of their updated color palette. With a single stripe down the sides of the uniforms and and updated number font (with shadowing that works and isn’t overstated), the uniforms are certainly toned down but offer a new look.Per the Falcons’ release , there were three goals in the creation of the new design: bring black to the forefront, keep it simple and “reflect the modern progression of the city.” With the colors, the design and the “ATL” across the chest, all three missions were accomplished.Cleveland Browns new uniformslast_img read more

Charles Schwab Challenge 2020 tee times, TV coverage, live stream & more to watch Sunday’s Round 4

first_imgWorld number one Rory Mcllroy has never competed at Colonial, but the return of the PGA Tour has the top players flocking to the competition. The Match 2 featuring Tiger Woods, Phil Mickelson, Peyton Manning and Tom Brady gave the audience a glimpse into the return of golf. This weekend, there similarly won’t be any fans at the course. The Match 2 aimed to hold golf fans over, but it may have just made them want the return even more. That wait is over.Here is a guide to watching the Charles Schwab Challenge in 2020, including a list of tee times (updated daily), the complete TV schedule and more.MORE: Watch the Charles Schwab Challenge live with fuboTV (7-day free trial)Watch the Charles Schwab Challenge 2020Dates: June 11-14, 2020TV channels: CBS, Golf ChannelLive stream: fuboTV and CBSSports.comCBS and the Golf Channel will broadcast live coverage of the 2020 Charles Schwab Challenge. Rounds start at 8 a.m., which can be seen in coverage from PGA Tour Live.Live coverage for rounds on Thursday and Friday can be seen on Golf Channel from 4-7 p.m ET and heard on PGA Tour Radio from 1-7 p.m. For Friday and Saturday night, early TV coverage can be seen on Golf Channel before the coverage shifts to CBS from 3-6 p.m. ET.The event can be live-streamed on and the CBS Sports app for the network’s portion of the coverage as well as fuboTV, which offers a free seven-day trial.DateTimeTV channelThursday, June 114-7 p.m. ETGolf Channel, fuboTVFriday, June 124-7 p.m. ETGolf Channel, fuboTVSaturday, June 131-6 p.m. ETCBS, fuboTVSunday, June 141-6 p.m. ETCBS, fuboTVWho is in the 2020 Charles Schwab Challenge field?The Charles Schwab Challenge doesn’t normally garner this kind of attention, but when it’s the first PGA Tour tournament after a three-month break, it’s no surprise the field is loaded.Tiger Woods will not participate and will likely continue to rest for a few more weeks. Adam Scott, Patrick Cantlay and Tommy Fleetwood are among the other notable top players who won’t participate, but the excitement for this event is much more focused on who will be participating. 16 of the top 20 players in the World Rankings will be competing in the Charles Schwab Challenge, including the top-five ranked golfers. The expanded 148 player field (from 120) showcases the desire for players to return to the course. Charles Schwab Challenge tee times for 2020Here is the complete list of tee times for Sunday’s Round 4 at the Charles Schwab Challenge. Round 4: Sunday, June 147:45 a.m. — Brian Stuard 7:50 a.m. — Denny McCarthy, Zach Blair8:00 a.m. — Jhonattan Vegas, Scott Piercy8:10 a.m. — Adam Schenk, Doc Redman8:20 a.m. — Keith Mitchell, Joaquin Nieman8:30 a.m. — Richy Werenski, Bronson Burgoon8:40 a.m. — Matthew Wolff, Pat Perez8:50 a.m. — Jason Dufner, Matthew Ne Smith9 a.m. — Zach Johnson, Talor Gooch9:10 a.m. — Andrew Landry, Byeong Hun An9:20 a.m. — Harry Higgs, Louis Oosthuizen 9:30 a.m. — Scottie Scheffler, Billy Horschel9:40 a.m. — Chris Kirk, Lucas Glover9:50 a.m. — Patrick Rodgers, Viktor Hovland10 a.m. — Matt Jones, Tyler Duncan10:10 a.m. — Rory Sabbatini, Brooks Koepka10:20 a.m. — Bud Cauley, Matthew Fitzpatrick 10:30 a.m. — Alex Noren, Keegan Bradley 10:40 a.m. — Rafa Cabrera Bello, Brian Harman 10:50 a.m. — Adam Hadwin, Kevin Kisner 11 a.m. — Maverick McNealy, Tony Finau 11:10 a.m. — Peter Uihlein, Joel Dahmen 11:20 a.m. — Ian Poulter, Jim Furyk11:30 a.m. — Bubba Watson, Charles Howell11:40 a.m. — Sungjae Im, Mark Hubbard 11:50 a.m. — Cameron Champ, Jason Kokrak 12 p.m. — J.T. Poston, Chesson Hadley 12:10 p.m. — Rory McIlroy, Bryson DeChambeau 12:20 p.m. — Corey Conners, Justin Rose 12:30 p.m. — Patrick Reed, Abraham Ancer 12:40 p.m. — Daniel Berger, Harold Varner III12:50 p.m. — Collin Morikawa, Jordan Spieth 1 p.m. — Justin Thomas, Branden Grace 1:10 p.m. — Xander Schauffele, Gary Woodland Charles Schwab Challenge purseThe 2020 purse at the Charles Schwab Challenge is $7.5 million — a slight increase from the $7.3 million purse in 2019. The winner will pocket $1.35 million in prize money.Charles Schwab Challenge odds, picks for 2020Rory McIlroy +850Jon Rahm +1100Justin Thomas +1600Webb Simpson +2000Brooks Koepka +2200Bryson DeChambeau +2200Dustin Johnson +2500Xander Schauffele +2500Jordan Spieth +2800Patrick Reed +2800SungJae Im +2800Rickie Fowler +2800Rory McIlroy, the world number one, is the betting favorite (+850) to take home the victory, according to odds from That means a $100 bet would win $850. Charles Schwab Challenge past winnersThe winning score has varied over the last decade. In 2014, Adam Scott won with a -9. In 2010, Zach Johnson shot -21, a tournament record that was nearly matched by Justin Rose in 2018. YearWinnerScore2019Kevin Na-132018Justin Rose-202017Kevin Kisner-102016Jordan Spieth-172015Chris Kirk-122014Adam Scott-92013Boo Weekley-142012Zach Johnson-122011David Toms-152010Zach Johnson-21 Golfers are just as eager as the fans for golf to return to play, and the wait is finally over. 148 of the world’s top golfers are set to tee off in the Charles Schwab Challenge at the Colonial Country Club in Fort Worth, Texas. Colonial has never had the top-two golfers in the Official World Golf Rankings compete in the same event since the rankings started in 1986. This weekend, each of the top-five players in the OWGR will be competing. last_img read more

Sabalenka takes the hawk of Doha, sixth title of his career

first_imgBelarusian Aryna Sabalenka imposed her biggest punch and resistance, and defeated the Czech Petra Kvitova, 6-Three and 6-3, to win for the first time the title at the Qatar Open, the sixth in his career.Sabalenka, 21, turns into the second Belarusian to win this event, after Victoria Azarenka, champion in 2013. The Minsk participant wanted 73 minutes to win the victory and get a Premier 5 event once more, after the one in Wuhan (China) in September final yr.His victory assures him to look subsequent Monday in the eleventh world place. For Kvitova, champion in 2018, the defeat prevents him from recovering the tenth world place, and turn out to be the fourth participant to win the title in Doha twice, after the Russian Anastasia Myskina and Maria Sharapova, and Azarenka.The Czech that in the center of the second set requested for medical time, he had reached the closing after reaching his twentieth victory of the season and the sixth over a primary, when he defeated his good friend, the Australian Ashleigh Barty, in the semifinals.He began as a favourite for the 27 titles of his medal winners and his biggest expertise in the finals, and since in the final duel between them, in Sydney final yr, Petra received, including his second victory in three confrontations. However all this statistics couldn’t with the impetus of Sabalenka, who in the tenth closing of his career imposed a devilish rhythm from the starting and It was shortly positioned with a 4-1 benefit in the first set. There was no use for a shy response from Kvitova, as a result of the Belarusian closed the first set with his serve, with the second “ace” of his account, and in 29 minutes.Though the relaxation of Kvitova entered with pressure, the Czech couldn’t take the service from her rival. The important thing sport was the fifth of the second set, the place Petra had 5 break balls, however couldn’t specify any of them, in the ten minutes that act lasted, full of wrestle for each.In the subsequent monitor change, Kvitova requested medical time, which Sabalenka took the alternative to alternate views with his coach, former Russian participant Dmitri Turnsunov. The wait didn’t cool his blows, nor his perspective, and the Belarusian returned to the cost in the seventh, overwhelming the quantity two in the world, who once more in the ninth sport once more felt the stress of his younger rival.Kvitova got here to save lots of three match balls, and this inspired him however in the fourth fortune he performed tips, when he had dominated the internet and the ball despatched backwards by Sabalenka hit the tape and thwarted his volley try.Plater, Aryna raised the well-known “Doha Falcon”, a trophy made of gold, which accredits him as the new champion of the event, and carries with him a test of $ 605,000. Kvitova settled for an additional of $ 304,005.last_img read more

Guyanese being misled on local content for oil industry – Ram

first_imgOutspoken political commentator and chartered accountant, Christopher Ram claims Guyanese are being misled on local content for the oil and gas industry of Guyana.Ram said it is unfortunate that the comments coming from both people locally and overseas have not been consistent with the laws governing the petroleum sector in Guyana.Chartered Accountant Christopher Ram“Almost every person that has spoken on local content is speaking either from a position of ignorance or is deliberately misleading people as to what local content means in the context of our Petroleum Exploration and Production Act,” Ram told delegates at GPIEX 2018 on Thursday.He contended that in order to acquire a prospecting licence, an applicant must state what the local contents are in respect to employment of Guyanese labour. Also, when applying for a production licence, the applicant must state local contents for the purchase of goods and services.The accountant asserted that until the laws are changed, then those systems will continue to prevail.Ram also told this newspaper on Thursday that Natural Resources Minister Raphael Trotman and other public officials have all stated repeatedly that Guyana could determine whether local content should be included in the legislation or developed separately as a policy.“No we don’t! The law is and that is set out under the Petroleum Exploration and Production Act and regulations that in applying for a prospecting licence, you must present your proposals for local content in respect of a prospecting licence … So all the things they are saying are incorrect,” he added.Further, Ram said, “I think it is sad that we have to have a foreigner tell us what local content should be, and that to me is the irony. I don’t think Trotman is acting from a position of total ignorance.”“I don’t think he is bothering to read the law and he is getting people to come and advise him who are just as ignorant. I am sorry to say, I have to be blunt because if he does not as a lawyer accept what the law requires then I can’t say what he is going to do.Quite frankly I don’t think Mr Trotman has done a great service to this country in relation to his portfolio as Minister of Natural Resources,” he added.The Local Content Plan and what it will do for Guyana has been a burning question since it was announced that oil was found in the Stabroek Block. Expectations were initially tempered by statements to the effect that few job opportunities would be created by commercial exploitation of this oil find, but the company has since said it will help with local content delivery.When ExxonMobil was granted a production licence in June of this year, Minister Trotman had given the company a six-month deadline in which to submit its Local Content Plan to the Government.ExxonMobil’s Guyana Country Manager, Rod Henson, had announced that the company would be relocating its onshore operations, which were used for support services, from neighbouring Trinidad and Tobago to Guyana.He said it was not the case that ExxonMobil would be looking to build a facility for its support services, but would rather put out tenders, and anyone interested in providing the shore-based services could present a proposal.Trotman had, in 2016, announced that Cabinet had given its ‘no objection’ to the establishment of the onshore industrial site on Crab Island, in the mouth of the Berbice River. He had said it would be forged through the joint efforts of the Ministries of Natural Resources, Public Infrastructure and Business.Construction was announced for early this year, and the investments from the Private Sector and Government’s infrastructural work and support were to be equivalent to US$500 million; but the Crab Island facility is yet to materialise.However, the draft Local Content Policy has been criticised in recent months for lacking provisions which would safeguard against exploitation by companies. The document does not cater for issues such as how to avoid procurement fraud, conflict of interest and favouritism, among others.Instead, the draft Local Content Policy framework seeks to address, the suite of opportunities that may arise and the approaches to be taken in selecting and developing opportunities related to enhancing the capabilities of Guyanese nationals and businesses.last_img read more

Man City top financial firepower list

first_img0Shares0000Manchester City’s Argentinian striker Sergio Aguero eyes the ball during the UEFA Champions League match between Manchester City and Feyenoord at the Etihad Stadium in Manchester on November 21, 2017 © AFP/File / Paul ELLISLONDON, United Kingdom, Jan 4 – Premier League leaders Manchester City have more financial muscle than any other club in world football, according to a study that sees English clubs dominate the top 10.The Soccerex Football Finance 100, which ranks the world’s top teams based on both their playing and fixed assets, money in the bank, owner potential investment and debt, was published on Wednesday. City, who have dropped just four points in the league this season, lead the way ahead of Arsenal. Tottenham are fifth on the list ahead of seventh-placed Manchester United, with Chelsea in ninth.According to the study, Arsenal have £766 million ($1 billion) worth of fixed assets — following their move from Highbury to the Emirates Stadium — more than any other club in world football, while only Manchester United have more money in the bank (£307 million) than Arsenal’s £300 million.The annual report by event organiser Soccerex suggests that Arsenal have the monetary muscle to “invest significantly” in the transfer market.Manchester City, for so long under-achievers in English football, have seen their fortunes transformed since a 2008 takeover by the Abu Dhabi United Group.They have won two Premier League titles in the past decade and Pep Guardiola’s team look certain to win it again this year as they are already 15 points clear of nearest challengers Manchester United.“Manchester City, one of the most famous cases of significant foreign investment changing a club’s status and potential, top the rankings,” the study says.“Arsenal’s second place in the rankings, ahead of PSG (Paris Saint-Germain), will surprise many and is certainly a talking point in light of criticism the club receives from some quarters for its perceived lack of spending in the transfer market,” it adds.“Their ranking is a reflection of the club’s professionalism and a sound business model. The position of financial strength means Arsenal could invest significantly should the hierarchy of the club choose to change their business strategy.”Liverpool are 16th on the list, while 2016 Premier League champions Leicester are 20th. French giants PSG, who broke the transfer record to sign Neymar last summer, are third ahead of Chinese side Guangzhou Evergrande. Real Madrid are sixth with their La Liga rivals Barcelona only 13th.0Shares0000(Visited 1 times, 1 visits today)last_img read more