Tag Archives: 上海夜网IH

Coronavirus: India’s wrestling pits turn into gyms in pandemic

first_imgFitness buffs are turning to India’s open-air wrestling pits for safe workout options during the pandemic. Gyms have reopened and are taking precautions – such as regularly sanitising, maintaining social distancing and making masks compulsory for staff. But customers are yet to return in large numbers. – Advertisement – Case numbers continue to climb in India and especially in the capital Delhi, which in recent days has been recording its highest daily tallies so far. So traditional open-air wrestling pits, which are a a feature of many cities, have grown in popularity.- Advertisement – – Advertisement –last_img

US$21M Signature Fees for LISCR Amendment Deal

first_imgThe Commissioner of Liberia Maritime Authority (LMA) Mr. Binyan Kesselley has disclosed that the country would benefit  by US$21M as a signature bonus fee from the Liberia International Ship and Corporate Registry(LISCR,LLC)  if the amended agreement is signed into law.The LMA Commissioner, who is also its Chief Executive Officer (CEO) said the money would greatly help the country in its effort to restore the economy following the scourge of the deadly Ebola Virus Disease (EVD).He stated that US$1M would be used to construct a maritime institute in Marshall, Margibi County and the amendment would also make the agent (LISCR) to upgrade the school free of charge to be on par with other maritime schools in the world.Commissioner Kesselley made the observation on Friday during at a Joint Public Hearing on the Amendment to the Extended Restated Agency Agreement between the Liberian Government and LISCR, for about 15 years. Commissioner Kesseley stated that besides the US$21M, the country will further benefit from its net program revenues, amongst others.The Maritime boss said the program, retaining LISCR as its agent, would continue to give the country economic benefits.In 1949, the Liberian government and the International Trust Company of Liberia entered into an agreement to take over its Maritime Program. The Agency Agreement was extended until December 1999, when the Government changed its Agent to LISCR.The Agreement was signed for 10 years, and it is still in force owing to the ratification of the extended and Restated Agency Agreement which ended in 2009 by way of the issuance of a “letter of no objection.”However, the Dean and Professor of Law at the Louis Arthur Grimes School of Law, Cllr. David A.B. Jallah in his argument said the extension of the contract is reasonable, if the relationship between the Liberian government and LISCR is equitable, just and fair.Cllr. Jallah, who is also the General Counsel and Vice President  of the University  of Liberia, said the proposed 33% of the net program revenues for LISCR should be reduced, considering the fact that the Agent  (LISCR) almost exclusively manages the affairs of the program, including expenditures relating to its operations.Cllr. Jallah also questioned why the Agreement should limit the auditing of the books and records of the Liberian Registry, which should only be performed by an internationally-recognized audit firm.“We do not understand why the auditing firm is restricted to US based firms,” Cllr. Jallah said. “We believe that there is a need for this provision to be closely examined.”For his part, Acting Minister for Finance and Development Planning, Dr. James Kollie, praised the extension as rewarding.The Public Hearing was organized by the Committees on Maritime, Ways, Means and Finance and Judiciary from both Houses. Senator Dallas A.V. Gueh, Chairman, Senate Committee on Maritime, and co-chair Rep. Thomas Fallah, Chairman on the House’s Maritime Committee, headed it.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Mexico adds retaliatory tariffs on US imports set to increase in July

first_imgMexico City, Mexico — Mexico has imposed retaliatory tariffs of between 15 and 25 percent on certain US imports after US president Donald Trump imposed tariffs on Mexico.The Ministry of Economy says the new Mexico tariffs will be placed on steel products and some agricultural goods originating in the United States explaining that Mexico has the right to impose measures that have commercial effects substantially equivalent to those adopted by the United States in accordance with Article 802 of NAFTA.Mexico added the new tariffs after the United States imposed global tariffs of 25 percent on steel imports and 10 percent on aluminum imports against Mexico, Canada and the European Union as of June 1st.The Ministry of Economy says they set a 20 percent tariff on pork imports (15 percent tax on port sausages) as well as apples, cranberries and US potatoes, and tariffs of 20 and 25 percent on various types of cheeses and Bourbon whiskey.Other import taxes of 25 percent will be applied to steel products such as plates, sheets, rods, tubes and wire rod.“Mexico has been clear and Canada has been clear. The main interest is to maintain a good agreement that has been highly productive in the integration of North America. We believe that there would be a loss of value if this agreement ceased to be what it is today,” said Ildefonso Guajardo, Secretary of Economy.The application of tariffs will be progressive for some products so that those affected in the United States can “sensitize” their president to cancel the tariffs on steel and aluminum.Ildefonso Guajardo explained that the application of tariffs on steel from countries with whom Mexico does not have FTAs, such as Russia and China, will be maintained in order to prevent the entry of products of dubious quality.He said that for cheeses, an initial tariff of 15 percent will be imposed to generate pressure on importers with their government and if not, 25 percent will be imposed in a month. To start, a 10 percent tariff on U.S. pork shoulder and legs will be imposed with the tariff rising to 20 percent by July 5.Mexico has also announced a tariff-free quota of 350,000 tons of pork imports on legs and shoulders from other countries, excluding the United States to compensate for the possible lack of American pork due to the retaliatory tariffs.Mexico is the second-largest market for US pork.“Given the urgency of preventing the pork market from being destabilized, improving supply levels and protecting consumers, it is necessary to diversify external supply options,” said the ministry.According to the Iowa Farm Bureau, U.S. pork farmers could lose $100 million annually due to the tariffs.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 WhatsApp (Opens in new window)last_img read more