LIBA Urges Gov’t to Enforce Liberianization Law

first_imgMr. James M. Strother, president, Liberia Business Association (LIBA)-Lauds GOL for prioritizing Liberian businesses in its PADPThe Liberia Business Association (LIBA) has called for the robust and uncompromising implementation of the Liberianization law, an instrument that gives explicit rights for local entrepreneurs to have exclusive operational rights in certain businesses.Enshrined in Liberia’s Investment Act of 2010, the policy of setting specific businesses aside to be done by Liberians has never yielded the anticipated outcomes as local businesses continue to strive in the shadows of their foreign counterparts since the inception of the law.But with the official launch of the Coalition for Democratic Change (CDC) flagship development program, the Pro-poor Agenda for Development and Prosperity (PADP), LIBA says there is no better time for local businesses to boom or become more vibrant than under a leadership that was propelled to power by the ordinary masses.At a press conference in Paynesville, LIBA president James M. Strother lauded the government for the launching of the development agenda and for specifically highlighting local businesses. He, however, proffered series of recommendations to the government, which according to him, would lead to the creation of more jobs through micro, small and medium-sized Liberian enterprises.The Investment Act of 2010 exclusively gives ownership right to Liberians in several business activities, including the supply of sand, block making, peddling, travel agencies, retail sale of rice and cement, ice making and sale of ice, tire repair shops, auto repair shops with investments of less than US$50,000 and shoe repair shops.Other businesses reserved for only Liberians in the Act include the retail sale of timber and planks, operation of gas stations, video clubs, operation of Taxis, importation or sale of second-hand or used clothing, distribution in Liberia of locally manufactured products and importation and sales of used cars (except authorized dealerships which may deal in certified used of their make).The law also provides for at least 25 percent of all Public Procurement Contracts entered into by all government institutions including State – owned enterprises to be allocated and provided to Liberian – owned MSMEs, at least five percent of which are allocated and provided to women – owned MSMEs.Speaking at the Association’s office in Paynesville, LIBA president called for a comprehensive enforcement of the Investment Act of 2010.“As prime partners to the developmental goals of government, we welcome the launch of the agenda. We affirm our commitment and fullest support for the implementation of the PAPD in the interest of the wholesome improvement of the people of Liberia,” he said.“We are particularly inspired by President Weah’s desire to restructure and revisit the programs around Liberian businesses in terms of having access to finance and human capacity development,” Mr. Strother said.Mr. Strother said that these are intended to enhance Liberia’s participation in the creation of wealth in the Liberian economy. “We at LIBA see this as government’s willingness to conform to the President’s explicit statement that Liberians should not be spectators in their own economy,” he said.Improving local businesses falls under Pillar II of the PAPD which, among others things, calls for transforming the business regulatory environment and climate: (doing business and cross-border trade improvement).Mr. Strother also called for the provision of dedicated and well-targeted stimulus plan to address emergency capital needs of Micro, Small and Medium Enterprises (MSME) owned and operated by Liberians.“LIBA will provide its expertise to ensure that the stimulus plan is well designed and implemented to minimize risks abuse and repayment,” Mr. Strother added. He urged strong enforcement of Section 4.1(c) of the small business empowerment law.However, adhering or enforcing the Liberianization law has been very difficult over the years, as the policy is frequently manipulated by some higher-ups in government who undermine the law with their personal interests. Also, foreign business people have somehow been engaged in some of these reserved businesses.An investigation conducted by the House Standing Committee on Commerce, Trade, and Industry a few years ago revealed that the Ministry of Foreign Affairs (MFA) made several changes to the Investment Act of 2010 in favor of foreign businesses.In its report entitled, “Stakeholders Engagement for A Better Legislative Oversight,” the Committee noted that during its consultation with stakeholders of the business sector, it found out that there is an addendum to the act which was passed into law on May 15, 2010, that gives right to foreigners to invest in businesses that were set aside only for Liberians.The controversial portion of the law denounced by the lawmakers points out that, “Foreign investors may invest in the following business activities provided that where such enterprises are owned exclusively by non-Liberians, the total capital invested shall not be less than US$500,000; and, where such a listed enterprise is owned by non-Liberian in partnership with Liberian and the aggregate shareholding of the Liberian is at least 25 percent, the total capital invested shall not be less than US$300,000.”Businesses concerned are the production and supply of stone and granite, ice cream manufacturing, commercial printing, advertising agencies, graphics, and commercial artists, cinemas, production of poultry and poultry products and the operation of water purification or bottling plant.The LIBA president hopes that all of these will be addressed by the new government.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

DDTV: VIDEO HIGHLIGHTS AND REACTION FROM TERMON LADIES’ SUPER ALL-IRELAND WIN

first_imgDDTV: IT’S still sinking in – Termon are All Ireland Senior Club Ladies Football Champions.Watch this video highlights from Gaelic Games journalist Jerome Quinn. “To be All Ireland champions, number one in Ireland, it’s just indescribable, it’s unreal,” says captain and goal hero Geraldine McLaughlin.Click play to watch DDTV: VIDEO HIGHLIGHTS AND REACTION FROM TERMON LADIES’ SUPER ALL-IRELAND WIN was last modified: November 30th, 2014 by John2Share 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:all-irelandLadiesTermonvideolast_img read more

Win cements South African artist’s ingenuity

first_imgRoelf Daling and his winning sculpture.The manhole represents infinite possibility. Urban spaces and urbanisation is a centraltheme of the Daling’s piece, which isrepresented by the concrete casing of thesculpture that is covered with graffiti andposters of newspaper headlines.(Images: Association of Arts Pretoria)MEDIA CONTACTS • Nomzamo KhanyilePretoria Portland Cement+27 11 386 9309RELATED ARTICLES• SA artist revitalises Woodstock • UK sculpture honour for Pistorius • Dumas teen painting up for auction • Local Xhosa heritage goes global Wilma den HartighSouth African fine arts graduate Roelf Daling is this year’s winner of a prestigious national competition that encourages artists to think creatively about using cement as an artistic medium.The Pretoria Portland Cement (PPC) Young Concrete Sculptor Awards (YCSA) is a long-standing concrete sculpture event on South Africa’s art calendar.The YCSA has been running for 20 years in an effort to raise the profile of cement, promote artistic empowerment and recognise the value and beauty of art in South Africa.The competition is open to anyone and the only specification is that concrete is used as the medium to create the art piece.“Concrete is a completely underutilised art medium. The competition offers great exposure for artists who want to use concrete and the quality of artwork we received was outstanding,” says Nomzamo Khanyile, public relations manager at PPC.Khanyile says that close to 60 entries were received this year, which is a high number for a niche competition of this kind.Creating art from grey matterRoelf Daling graduated from the University of Pretoria with a Bachelors of Fine Arts in 2010 has been working as a fulltime artist this year. Winning the competition came as a complete surprise.“I am so surprised that my work won,” he says.Daling won R50 000 (US$6 400) in prize money for his sculpture, titled The hole we found.According to feedback from the judging panel, all were in agreement that Daling’s work is “conceptually stimulating”.He says that he enjoyed the challenge of working with concrete. “It is such a versatile medium. You can paint it, polish it and buff it and it’s affordable,” he says.His winning sculpture is a prime example of how artistic expression can change perceptions about concrete, traditionally only thought of as a building material used for construction purposes.‘The hole we found’The sculpture combines his interest in new media art – which was also his university major, technology and well-known symbols often associated with cities.At the centre of the sculpture is an old manhole pipe.“I watched this piece of manhole that was lying next to the road for several months on end. It was forgotten at a bankrupt construction site,” he says.“The manhole represents infinite possibility. As humans one cannot predict the future of art by looking at the past anymore. In the same way, technology is currently creating a ladder of infinite possibilities,” Daling explains.To communicate the theme of infinity, he fixed LED lights and two-way mirrors to the pipe, creating an illusion of a bottomless shaft with a descending ladder.This represents the continuous expansion of cities, and their vast network of tunnels that are constantly built to carry water, gas, electricity and digital information.Another theme central to Daling’s piece is urban spaces and urbanisation, which is represented by the concrete casing of the sculpture that is covered with graffiti and posters of newspaper headlines.“We put the two posters there for fun, but these and the graffiti art are also symbols of the city,” he says.Future plansDaling’s primary focus is on interactive installations and using technology such as infrared lighting, lasers, projectors, mapping, computer vision and software programming in his art.However, since he graduated last year, he has been experimenting with bronze sculpture and graffiti stencilling. He hopes to combine these mediums with his new media artwork in the future.Khanyile says that next year PPC would like to expand the scope of the competition to include functional art such as concrete crockery and jewellery.“The quality and direction of the various sculptures never fails to inspire, especially as new innovative techniques are discovered and used,” she says.The Young Concrete Sculptor exhibition runs from 3 to 23 November 2011 at the Association of Arts in Pretoria, 173 Mackie Street, Nieuw Muckleneuk.last_img read more

The Tortoise and the Hare: Profitable vs. Unprofitable Software IPOs

first_imgWhy Tech Companies Need Simpler Terms of Servic… Editors Note: This is the first of a four-part content series ReadWriteWeb is producing in partnership with Tableau Software, where we examine interesting data sets relevant to technology trends today. You can use Tableau Public to create interactive visualizations like this and publish them to your own blog, web sites, or anywhere online. You also can embed this (or any other Tableau Public) visualization on your own site.As Tableau has shown previously, software IPOs have been few and far between in last decade; only 77 companies went public between 2001 and 2009, while 174 software IPOs were seen between 1998 and 2000 alone. A new data visualization from Tableau embedded blow reveals that in the short term, unprofitable companies that go public tend to perform better than profitable IPOs.Below is an interactive chart produced by Tableau; the orange and blue lines represent the average returns of unprofitable and profitable software IPOs over time since the beginning of their offering. The selection boxes near the upper-right corner allow you to narrow the chart to specific decades of data, and using the slider below that allows you to focus the range of days since IPO. If you adjust the slider to near day 600, you will see that at this point the companies which were profitable at the time of their IPO finally surpass the unprofitable ones.Powered by TableauIt seems that unprofitable companies (roughly 37% of sampled companies) see an initial boost from returns after their IPO, reaching 86% returns in their first year. However, after about a year and a half, these companies run out of steam and linger around the 100% before plummeting around day 666 (an unfortunate coincidence, surely). Profitable companies, on the other hand, see slower but steadier return growth, taking two years to reach levels their unprofitable counterparts reached in just one. Pulling the date range slider out further, we can see that profitable companies continue to prosper for several years after their IPO while unprofitable companies see much less and much slower growth compared to their first few years on the market. The lessons learned here is that while going public may be an attractive solution to an unprofitable startup company, its not a long term one. Much like the hare from the classic children’s fable The Tortoise and the Hare, unprofitable IPOs, on average, have a great start only to eventually be surpassed by the slow and steady tortoises that are profitable IPOs. The data visualization embedded above is provided by Tableau Software, which today released its new free product, Tableau Public, allowing for the creation and sharing of unqiue, rich, interactive data applications.“It’s a way a blogger or writer can give their readers exactly the content they want,” says Tableau. “No plug-ins or programming skills are required for either creating the viz or having it render in a browser. A free tool like this could bring badly needed intelligence, beauty and speed to structured data especially as it proliferates all over the web.”Photo by Flickr user nDevilTV. 8 Best WordPress Hosting Solutions on the Market A Web Developer’s New Best Friend is the AI Wai… An initial public offering, or IPO, is when a company opts to trade its shares publicly on the stock market – a decision that can be a risky investment. At times, unprofitable startups go public in hopes of reversing their situation, but most of the time IPOs come from the profitable startups looking to expand their value. Based on some fascinating new data visualization tools released today from Tableau Software(see note below), an intriguing trend has emerged among profitable and unprofitable IPOs. Top Reasons to Go With Managed WordPress Hosting Related Posts Tags:#start#startups chris cameronlast_img read more

Streaking Ginebra deals Alaska another loss

first_imgDon’t miss out on the latest news and information. MOST READ Lacson: SEA Games fund put in foundation like ‘Napoles case’ Sports Related Videospowered by AdSparcRead Next PBA IMAGESBarangay Ginebra kept Alaska’s struggles going after coming away with a 94-80 victory in the PBA Governors’ Cup Saturday at Hoops Dome in Lapu-Lapu City, Cebu.As the Gin Kings improve to 4-1, and a fourth consecutive win, the Aces dropped to 0-6 and continued their downward spiral losing their 14th straight game overall.ADVERTISEMENT Celebrity chef Gary Rhodes dies at 59 with wife by his side Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ NATO’s aging eye in the sky to get a last overhaul Biggest Pogo service provider padlocked for tax evasion Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games This is a continuation of the Aces’ historic losing streak with their last win coming almost four months ago at the start of the Commissioner’s Cup.Justin Brownlee led Ginebra with 22 points, 10 rebounds, five assists, and three blocks while Joe DeVance added 19 points.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingCalvin Abueva had 22 points, on 9-of-24 shooting, and 13 rebounds to lead Alaska. LATEST STORIES Trump signs bills in support of Hong Kong protesters Robredo should’ve resigned as drug czar after lack of trust issue – Panelo PH secures bronze in women’s pairs lawn bowls View comments Hotel says PH coach apologized for ‘kikiam for breakfast’ claimlast_img read more

Asian Games: Saina wins, Bhat loses opening singles in Badminton team event

first_imgIndia’s badminton campaign at the Asian Games started on a mixed note as Saina Nehwal triumphed in the women’s team event but Arvind Bhat lost his singles match of the men’s team event in Guangzhou on Saturday.In the women’s tie between India and Indonesia, Saina gave India a winning start by beating Adriyanti Firdasari 21-16 21-17 in the first singles match in just 30 minutes.Saina was extremely good at net as she hit 16 winners to nine of her Indonesian opponent.However, Bhat could not give India a good start in the men’s team event against Chinese Taipei as he lost to Yu Hsing Hsieh.Bhat came well after losing the close opening game but eventually lost 26-28 21-15 13-21 after 52 minute battle.There was not much to separate the two players as the Taipei player hit 22 smash winners to 25 of the Indian.Hsing was though slightly better at net and in rallies and that helped his cause.Now India’s men’s doubles pair of Sanave Arattukulam and Akshay Dewalkar will have to pull off a win in the next match to bring India back in the tie.They are up against Chieh-Min Fang and Sheng Mu Lee.last_img read more

Johnriel Casimero stops Mexican foe to win WBO interim belt

first_imgHontiveros presses for security audit of national power grid UAAP Final Four: UST Tigresses go where Cherry Rondina takes them LATEST STORIES Cayetano: Senate, Drilon to be blamed for SEA Games mess The South African Tete is set to face WBA champion Nonito Donaire Jr., on April 27 in the World Boxing Super Series slated in Lafayette, Louisiana.The Tete-Donaire fight serves as semifinal for the $10 million WBSS.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsBut for Casimero, who hiked his record to 24 wins with 18 knockouts against four losses, his concern is how to get back to the world stage.He rose to stardom after a spectacular 10th round KO of volatile Argentianian Luis Alberto Lazarte in Mar Del Plata in 2012. The bout ended in a riot that forced Casimero and his cornermen to hide underneath the boxing ring. Philippine Arena Interchange inaugurated View comments DA eyes importing ‘galunggong’ anew Panelo: Duterte ‘angry’ with SEA Games hosting hassles Private companies step in to help SEA Games hostingcenter_img Fighting right after the main event featuring Danny Garcia and Adrian Granados at the near empty Dignity Health Sports Park, Casimero slugged it out with Espinoza, whom he floored in the sixth.By the 12th it seemed the fight would end in decision, but the Filipino once again jolted the Mexican. Espinoza beat the count but was met with another barrage from Casimero forcing referee Rudy Barragan to halt the fight.Quickly after scoring a KO win over Granados in the seventh, Garcia immediately called on Manny Pacquiao, the reigning WBA welterweight champion.ADVERTISEMENT SEA Games hosting troubles anger Duterte MOST READ MANILA, Philippines—Former world champion Johnriel Casimero pulled off a stunning 12th round knockout over Ricardo Franco Espinoza to come knocking at the door of yet another world title Sunday (Manila time) in Carson, California.Casimero’s stoppage win earned him the WBO interim bantamweight belt and a clear shot at the world title now being held by Zolani Tete.ADVERTISEMENT Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Don’t miss out on the latest news and information. Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:45Onyok Velasco see bright future for PH boxing in Olympics02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Sports Related Videospowered by AdSparcRead Nextlast_img read more