LAPO Microfinance Bank bags CIBN award for Covid-19 response
LAPO Microfinance Bank Limited has been honoured with the ‘Most Supportive Microfinance Bank’ award by the Chartered Institute of Bankers (CIBN).LAPO MFB, the largest player in the sub-sector shared the award with two other microfinance banks for its proactive response to clients needs since the outbreak ofthe Covid-19 pandemic.It will be recalled that the Bank had moved swiftly to develop and deploy practical and effective measures to mitigate the impact of the pandemic on clients, staff, and its stakeholders in the early days of the pandemic.The measures included shutting down all the compan...
Normalisation with Israel and the Palestinian response
There has been a breach in the Arab Front in favour of Israel against Palestine. The United Arab Emirates (UAE) has caused a wide rift in the Gulf for the benefit of Israel, through signing the so-called Peace Treaty between two parties that are not even at war. They used specific details in the title of the treaty calling it “peace in exchange for peace” and “peace in exchange for economy”, thus issuing excuses that are unacceptable and can never be convincing under any pretexts.At the Madrid Conference in 1991, headed by the US and the Soviet Union at the time, the “Land for Peace” slogan wa...
The Middle East Monitor
Trump's response to election-eve hurricane will be key
On the eve of the 2018 elections, President Donald Trump took the stage at a Pensacola rally and marveled at the damage wrought to Florida’s Forgotten Coast only weeks earlier by Category 5 Hurricane Michael.“That wasn’t a hurricane. That was like a 50-mile wide tornado,” Trump said, noting how the storm had wiped homes in coastal towns clean off their foundations. “Nobody’s ever seen anything like that. But you are great people and we are with you 1,000%.”Two years later — as protracted Michael recovery efforts continue in a deep red region of the president’s home state — Trump has another ch...
Israeli army strikes in Gaza in response to over a dozen rockets
The Israeli army said it struck Hamas military targets in the Gaza Strip on Wednesday in response to 13 rockets that were fired out of the territory."Approximately 10 terror targets were struck, among the sites struck were a weapons and explosives manufacturing factory and a military compound used for training and rocket launching experiments by the Hamas terror organization," the army said in a statement.Israel's aerial defence systems intercepted eight of the rockets fired from Gaza, the army said.Palestinians in Gaza began firing rockets over the border on Tuesday, at the same time as a cer...
Finally, there’s some stability for oil prices
In a dramatic year that has turned the global economy around in many different ways, the economic situation in the GCC is finally starting to stabilise. Oil prices are fixed around $45 per barrel since June despite the slight increase in Opec+ output, which indicates the markets’ successful absorption of the increase.Opec’s second largest producer, Iraq, finally committed to its previous statement to compensate for earlier production quota violations. It is a positive response to the organisation’s demands for the members to comply with the plan to stabilise the market for the greater good of ...
Roque gives government COVID-19 response a grade of 85
Roque gives government COVID-19 response a grade of 85(Philstar.com) – September 15, 2020 – 6:42pmMANILA, Philippines — Exactly half a year into the coronavirus-induced community quarantines in the country, the Palace thinks the government has the “best testing policy in Asia” for which it deserves a “very good grade,” it said Tuesday.“All in all, I think we deserve a very good grade, I would give it a grade of 85%,” presidential spokesperson Harry Roque said at a virtual briefing on the 182nd day of quarantine, pointing to the country’s testing capabilities.“We clearly have the best testing p...
The Big Nikola One Reveal History Of Discrepancies
Whiteny Tilson’s email to investors discussing Nikola’s lame response to Hindenburg Research and shares an article from Bloomberg on the company’s history of discrepancies.Q2 2020 hedge fund letters, conferences and moreThe Fake Nikola One Reveal1) In Friday's e-mail, I wrote about electric-truck maker Nikola (NKLA), whose stock plunged last week after activist short-seller Nate Anderson of Hindenburg Research released a damning report calling it "an intricate fraud built on dozens of lies."The company responded this morning with a press release entitled, Nikola Sets the Record Straight on Fal...
A coordinated response will aid global and Sri Lankan maritime post-COVID recovery | Daily FT
Moving forward, Sri Lanka should prioritise policy measures to support recovery in maritime tradeIntroductionThe oceans, particularly maritime trade, have been the lifeblood of the modern global economy from the mid-20th century to the early 21st century. The COVID-19 pandemic has significantly affected the outlook for global maritime trade and the global economy. However, uncertainties remain on when global maritime trade might recover and what it means for Sri Lanka’s maritime industry.The role of maritime trade in the global economy There are different ways to study the oceans economy. The ...
Daily Financial Times
Ending global poverty
London—Trillions of dollars have already been spent on the global response to the COVID-19 pandemic, and no one knows what the final bill will be. Is it possible to respond to a much longer crisis—global poverty—with even a fraction of these resources?Richer countries are currently committed to spending 0.7 percent of their gross national income (GNI) on international development aid. This target was established by the Pearson Commission in 1969, and approved in a United Nations General Assembly resolution the following year. Countries reached this agreement a half-century ago in a world in wh...
Philippines Daily Inquirer
Heavy cost of COVID-19 response drains local governments’ disaster budgets
MANILA, Philippines (Philippine Center for Investigative Journalism) — The coastal towns of Dolores and Sulat in Eastern Samar constantly battle with the impact of extreme weather events such as storm surges, flash floods and typhoons.Early this year, the leaders of the two towns were set to conduct training for emergency response teams, buy rescue equipment and early warning devices from their calamity funds, but the COVID-19 pandemic got in the way and wiped out their calamity funds to prevent the entry of the virus.“The province was not ready to have a COVID-19 case,” said Manuel Catuday, h...