Finance Ministry gets $69.83 Billion for the Repayment of Loans

first_imgAdvertisements RelatedFinance Ministry gets $69.83 Billion for the Repayment of Loans RelatedFinance Ministry gets $69.83 Billion for the Repayment of Loans RelatedFinance Ministry gets $69.83 Billion for the Repayment of Loanscenter_img Finance Ministry gets $69.83 Billion for the Repayment of Loans Finance & Public ServiceMarch 29, 2010 FacebookTwitterWhatsAppEmail An allocation of $69.83 billion has been made to the Ministry of Finance and the Public Service to repay debts, as outlined in the 2010/11 Estimates of Expenditure, which was tabled in the House on March 25.About half of that figure, or $34.87 billion, will go towards repayment of Jamaica Dollar Benchmark Notes issued under the Jamaica Debt Exchange (JDX) initiative.Another $27.1 billion has been provided to cover the repayment of short dated Treasury Notes issued by the Government for Budgetary financing and investment by the public. The provision also includes the early redemption of investment bonds that did not participate in the JDX initiative.A little more than $4 billion is provided for the repayment of debt instruments either denominated and payable in United States Dollars, or indexed to the United States Dollar rate of exchange, issued in the local market by the Government.There is also an allocation of $2.58 billion for meeting principal payments arising out of the invocation of government guarantees on internal debt.Some $810 million has been allocated to cover the repayment of rescheduled loans. Loans were originally extended f or the importation and sale of agricultural commodities, such as rice, wheat, flour and corn for the government ‘s Nutrition Programme.last_img read more

AT&T, Vodafone merger could reset smartphone power balance

first_img Operators back Qualcomm role in open RAN path AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 26 FEB 2014 A desire to “push back” against technology giants like Apple and Google could fuel the interest of AT&T in buying Vodafone, according to Tim Boddy, an analyst with Goldman Sachs.Speaking during a Tuesday-afternoon session at Congress, Boddy noted that smartphone purchasing by AT&T and Vodafone together equates to more than 20 per cent of the total revenue Apple generates from iPhone sales, which would give a combined entity “industry-leading scale benefits”.“Vodafone is in the spotlight as an asset many would consider to be in play,” said Boddy. “It doesn’t have a controlling shareholder and is based in a country where M&A is permitted.”AT&T ruled itself out of bidding for Vodafone in January, but some analysts believe it could mount a takeover attempt in the second half of the year as it looks to expand its international presence.Although such empire-building has previously had disastrous consequences for shareholder value creation, Boddy thinks there is a stronger rationale for what he calls “out-of-market” transactions this year.“The mobile industry faces an unprecedentedly concentrated ecosystem of suppliers, with Apple and Google obviously dominating in terms of operating systems and services,” he explained.Goldman Sachs also expects to see more in-market M&A over the next two years – although regulation could clearly pose a barrier to such consolidation – as operators look to reduce their running costs and eliminate aggressive rivals like France’s Iliad.“When you look at the disruption it has caused, taking enormous amounts of market share over the last two years, you can see why there might be interest in taking it out,” said Boddy.Even so, he is less optimistic about the prospect of consolidation within the US, indicating this may have to wait until the “next administration”. Indeed, any likelihood that Sprint will acquire T-Mobile US seems to have receded, with Department of Justice officials unlikely to support a tie-up between the country’s third- and fourth-biggest players, according to recent reports.Boddy also doubts operators will generate much value from M&A that takes them into adjacent industries. “It’s very hard to move the needle,” he said. “Telefonica and Vodafone have targets for new services that equate to low-single-digit percentages of total revenues and changing the dynamic is enormously challenging.” Vodafone, Safaricom beat MTN to Ethiopia licence AT&TFinancialmergerMWC 2014 NewsVodafone Mobile World Live Las operadoras respaldan el papel de Qualcomm en la RAN abierta Mobile World Live is the online service dedicated to providing the mobile industry with daily news coverage & analysis of the biggest global market developments. Read more Author Home AT&T, Vodafone merger could reset smartphone power balance Previous ArticleTelefonica, LG, Samsung, Sony ink wearables allianceNext ArticleAlcatel-Lucent CEO pleas for more investment in Europe Tags Relatedlast_img read more

FCC mulls 12GHz band for mobile use

first_img Previous ArticleTelefonica Deutschland outlines open RAN targetsNext ArticleBouygues looks to displace SFR by 2026 Diana Goovaerts The US Federal Communications Commission (FCC) weighed a move to make more spectrum available for 5G, opening a public consultation on whether to allow mobile services in the 12GHz band.In a statement, the agency explained the band is currently used by satellite service providers and sought input on whether it would be possible to share the frequency with terrestrial mobile services without causing harmful interference.The FCC also asked for comment on approaches to assigning usage rights; potential sharing mechanisms; and the public interest benefits of either keeping the existing satellite-focused framework or accommodating new services.Outgoing FCC chairman Ajit Pai stated “technical studies will undoubtedly be submitted from all sides”, adding the agency will “scrutinise the arguments and data in the record and be guided by the evidence and sound engineering”.Dish Network and industry group the Competitive Carriers Association (CCA) backed the move.However, it faced opposition from satellite communications providers OneWeb and SpaceX, which already deployed hundreds of satellites using the 12GHz frequency and was recently awarded nearly $1 billion in US government funding to deliver internet connectivity. Subscribe to our daily newsletter Back US coalition calls for FCC spectrum shake-up AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 18 JAN 2021 Author Related Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Home FCC mulls 12GHz band for mobile use Tags Web companies renew US net neutrality campaign Ericsson on mission to tackle Africa spectrum gaps Federal Communications Commission (FCC)spectrum allocationlast_img read more

Bulls, Bands and Loggers

first_imgIt’s not often an elected official can say he broke a man’s leg in a fight and not worry about the repercussions. But Lincoln County Commissioner Tony Berget says there are few events like Libby Logger Days, which runs from June 20 to 23. The four-day festival has been held for a half-century and celebrates the town’s industrial history. This year’s festival includes a carnival, logger competitions, a 10K race and concerts headlined by the Copper Mountain Band and Jamelution. But the most popular event is still the “Bull of the Woods” fight, where two people box on top of a log. “There have been some good, knockdown, drag-out fights up on that log,” said Berget, who last battled five years ago.Berget began competing in the “Bull of the Woods” in the early 1980s, when he was a high school wrestler. Berget practiced on a log in his backyard, but he lost his first bout during Logger Days. The following year, he came back and won, starting a 13-year winning streak. During one of those battles, Berget forced a competitor off the log and he broke his leg. Berget fought in the event for the next 20 years, even after he was elected mayor and county commissioner.One year, Berget took on all comers for a split-the-pot fundraiser and many people took the opportunity to take a swing at the mayor, including his wife and a city councilor. Although Berget has hung up his gloves for now, he said he might return next year, after he turns 50.“I don’t know if it will be a big comeback,” he said laughing. “I’ll probably just get my butt kicked.” An eight-person board organizes the annual festival, according to Jessica Svendsbye, who was also the Logger Days Queen in 1999. She and many others in Libby have fond memories of going to the festival as a kid and Svendsbye said that’s why she volunteers every year. SCHEDULE OF EVENTS:Thursday, June 20:5 p.m. Paradise Carnival, Food andEducational Exhibits6 p.m. Kids Water Fight7:30 p.m. Boxing Smoker and Beer Garden8:30 p.m. Live music from theCopper Mountain BandFriday, June 21:11 a.m. Paradise Carnival, Food and Educational Exhibits5 p.m. Kids Logging Competition; Beer Garden opens7 p.m. Bull and Bullette of the Woods; King and Queen Coronation8 p.m. Tug-A-War9 p.m. Live music from JamelutionFireworks at duskSaturday, June 227 a.m. Pancake Breakfast by the Knights of Columbus8 a.m. 5K and 10K run; Adult logging preliminary10 a.m. Parade11 a.m. Paradise Carnival12 p.m. Kids ping-pong ball drop; Adult logging competition; Beer garden opens7 p.m. Lawn Mower Races9 p.m. Live music from JamelutionSunday, June 23:11 a.m. Paradise Carnival; Beer Garden1 p.m. Kids sawdust dig2 p.m. ATV raffle“It’s the heritage of our town and we really want to keep that history alive for our kids,” she said. “I have three kids of my own now and I want them to enjoy the same things I did.”The entertainment highlight of Friday and Saturday nights will be performances by Jamelution. Based in Belgrade, the band has now played Logger Days the last two years and is developing a following in Libby. Jamelution plays everything from classic rock and country to hip-hop and blues. Singer Cindy Damjanovich said the band has been compared to “a live juke box.”“We cover a lot of different genres and I think that’s what makes us good for an event like this,” she said. “The people in Libby are so kind and nice and the organizers are so easy to work with. That’s what makes Logger Days stand out.” Logger Days kicks off Thursday, June 20, at J. Neils Park with a family carnival. Logger Day buttons are $5 in advance or $10 at the gate. For more information, visit www.loggerdays.org. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Emaillast_img read more