NCUA ready to help 178 credit unions in areas hit by Harvey

first_img continue reading » 34SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA is prepared to assist some 178 federally insured credit unions in areas of Texas and Louisiana affected by Hurricane Harvey, agency officials said Monday.“We have been monitoring the situation constantly since last week, and NCUA staff are coordinating with other agencies and working continually to provide assistance to credit unions and their members,” NCUA Board Chairman J. Mark McWatters said. “This has been a devastating storm affecting millions of people, and the effects will be felt for months or even years. The NCUA will be on the job as long as necessary.”“All of us were stunned by the power of this storm and moved by the suffering inflicted on the people in its path,” NCUA Board Member Rick Metsger said. “As the area works to recover, our agency will work to help credit unions and their members get back on their feet.”last_img read more

Micromax In Note 1, Micromax In 1b With MediaTek SoCs Launched in India: Price, Specifications

first_img– Advertisement – Both new Micromax phones will be available for purchase through Flipkart as well as the Micromax website. Moreover, Flipkart and Micromax will start taking registrations for both new models through its sites later today. The Micromax In Note 1 competes with the likes of the Redmi Note 9 and Realme Narzo 20, while the Micromax In 1b comes as a competitor against the likes of the Redmi 9, Poco C3, and the Realme C15.Micromax In Note 1 specificationsThe dual-SIM (Nano) Micromax In Note 1 runs on Android 10 and features a 6.67-inch full-HD+ display and a hole-punch design. Under the hood, the phone has an octa-core MediaTek Helio G85 SoC, coupled with 4GB of RAM. The phone comes with a quad rear camera setup that houses a 48-megapixel primary sensor, along with a 5-megapixel secondary sensor that houses a wide-angle camera. There are also two 2-megapixel sensors for macro shots and depth sensing. Furthermore, the camera setup is paired with an LED flash and is powered by artificial intelligence (AI) backed features, including night vision support.For selfies, the Micromax In Note 1 houses a 16-megapixel camera sensor at the front, with a 78-degree wide-angle lens. The selfie camera sensor is capable of shooting GIFs — alongside regular photos and videos.- Advertisement – Micromax In 1b comes with a waterdrop-style display notch Micromax “In” series has finally been launched in India after much anticipation and a range of teasers. The new series comprises the Micromax In Note 1 and Micromax In 1b that both come with MediaTek chipsets and run on Android 10 with a “complete stock experience”, without any bloatware and ads. Micromax has also promised to offer two years of software updates on the new smartphones. The Gurugram-based company was once a leader in the Indian mobile phone market. However, it bowed out in the growing dominance of Chinese brands including Oppo, Vivo, and Xiaomi in the country. Micromax co-founder Rahul Sharma during the virtual launch showcased the company’s facility in Bhiwadi and detailed the production process of the new smartphones, which are being touted to be part of the ‘Make in India’ initiative.Micromax In Note 1, Micromax In 1b price in India, availability detailsMicromax In Note 1 price in India has been set at Rs. 10,999 for the 4GB RAM + 64GB storage variant, while the 4GB RAM + 128GB storage model of the phone is priced at Rs. 12,499. In contrast, the Micromax In 1b carries a price tag of Rs. 6,999 for the 2GB RAM + 32GB storage variant, whereas its 4GB RAM + 64GB storage version comes at Rs. 7,999. The Micromax In Note 1 comes in Green and White colour options and will go on sale starting November 24. However, the Micromax In 1b flaunts three distinct colour options and will be available from November 26.- Advertisement –center_img The Micromax In Note 1 comes with up to 128GB of onboard storage that is expandable via microSD card. Connectivity options on the phone include 4G VoLTE, Wi-Fi, Bluetooth, GPS/ A-GPS, USB Type-C, and a 3.5mm headphone jack. The phone comes with a rear-mounted fingerprint sensor. Besides, it packs a 5,000mAh battery that supports reverse charging as well as 18W fast charging (compatible charger is bundled in the box).Micromax In 1b specificationsThe dual-SIM (Nano) Micromax In 1b runs on Android 10 and features a 6.52-inch HD+ display with a waterdrop-style notch. The phone is powered by an octa-core MediaTek Helio G35 SoC, paired with 2GB and 4GB of RAM options. In terms of optics, there is a dual rear camera setup that houses a 13-megapixel primary camera sensor with an f/1.8 lens and a 2-megapixel depth sensor, along with an LED flash. The Micromax phone also comes with an 8-megapixel selfie camera sensor at the front.micromax in 1b image Micromax In 1b– Advertisement – On the storage front, the Micromax In 1b carries 32GB and 64GB of onboard storage options that both are expandable via microSD card. Connectivity options include 4G VoLTE, Wi-Fi, Bluetooth, GPS/ A-GPS, USB Type-C, and a 3.5mm headphone jack. The phone also features a fingerprint sensor at the back. Lastly, the phone comes with a 5,000mAh battery that supports reverse charging and 10W fast charging (compatible charger is bundled in the box).Why are smartphone prices rising in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.last_img read more

Open applications for the “Tourist Flower – Quality for Croatia” awards

first_imgSide dish: The aim of the awards is to encourage the quality of tourism products and services and raise the competitiveness of the sector. Financial and physical business indicators are used in the evaluation, and strong emphasis is placed on the quality of services. Applications have been opened for the “Tourist Flower – Quality for Croatia” awards, which the Croatian Chamber of Commerce has been awarding to the best economic entities in the tourism sector for 23 years. More information on application deadlines and individual categories is available at pages of the Croatian Chamber of Commerce. The best awards will be presented at a ceremony in October, as part of the Croatian Tourism Day, the largest gathering of tourism professionals in the country, which will be held in Osijek.  MARINA EVALUATION APPLICATIONSAPPLICATIONS FOR EVALUATION OF CHARTER COMPANIESAPPLICATIONS FOR HOTEL EVALUATIONAPPLICATIONS FOR EVALUATION OF DMK-AGENCIESAPPLICATIONS FOR HOSTEL EVALUATIONAPPLICATIONS FOR RESTAURANT EVALUATIONAPPLICATIONS FOR EVALUATION OF THE SPAAPPLICATIONS FOR CAMP EVALUATION This year, the evaluation is conducted in nine categories, and applications are currently open in eight of them, for marinas, charter companies, hotels, DMK agencies, hostels, restaurants, spas and camps., While applications in the family tourism category start after the summer .last_img read more

More Chinese regions brace for floods as storms shift east

first_imgBut central and eastern regions are set to bear the brunt this week, with some facing 30mm to 50mm (1.2 inches to 2 inches) of rain per hour by Wednesday, the state meteorological bureau said.Regions along the banks of the Yangtze and its tributaries are traditionally vulnerable to flooding in China’s summer, with the impact of heavy rainfall worsened by deforestation, dwindling flood plains and the diversion of natural river systems for hydropower and irrigation.Rainfall has also been heavier than usual, with water volumes in 148 rivers already reaching emergency levels by mid-June. Local authorities are under instruction to pay attention to potential dam and reservoir collapses.Some Yangtze tributaries have already experienced their worst floods ever, including the Xiaojinchuan in Sichuan province. The water resources ministry warned last week that other smaller rivers could be “stricken by major floods” and lakes are also under close scrutiny.Authorities have promised to minimize flood damage in the city of Wuhan as it struggles to recover from the coronavirus outbreak.Wuhan, which lies on the Yangtze, was hit by China’s last major floods in 1998, which killed more than 3,000 people and left 14 million homeless. Topics : Torrential rain is set to hit China’s eastern coastal regions this week after overwhelming large parts of the southwest, inundating villages and tourist spots and displacing more than 700,000 people, state weather forecasters said on Monday.Nearly 14 million people in 26 different provinces had been affected by storms and floods by Friday, with 744,000 evacuated, the China Daily reported, citing the Ministry for Emergency Management. The ministry said 78 people have been confirmed dead or missing, with direct economic losses at 27.8 billion yuan ($3.93 billion).Much of the damage has hit southwestern regions like Guangxi and Sichuan, and the municipality of Chongqing on the upper reaches of the Yangtze river last week experienced its worst floods since 1940.last_img read more

New Energy Nexus launches first fund for Indonesian renewable energy start-ups

first_imgShe said the fund focused on smart and renewable energy in 10 areas including energy efficiency and management, energy access and storage, and smart grids, the Internet of Things and digitization.The firm, along with IKEA Foundation, has also closed its first investment in a local renewable energy company, PT Bina Lintas Usaha Ekonomi (BLUE).BLUE provides solar energy related to goods and services through its online marketplace Warung Energi which caters to individual and industrial customers.“With this funding, we aim to strengthen our company’s foundation, focus on sustaining high-level development over the next two years,” said BLUE CEO Abu Bakar Abdul Karim Almukmin, adding that the company also aimed to improve its e-commerce platform and expand its team.New Energy Nexus Indonesia also has an incubation and acceleration program that is open all-year round for renewable energy start-ups and entrepreneurs. (eyc)Topics : California-based nonprofit organization New Energy Nexus announced on Friday its Indonesia 1 Funds, an initiative to invest in early stage renewable energy companies.New Energy Nexus investment director for Indonesia Yeni Tjiunardi said that the organization aimed to assist 10 to 15 companies – from the seed to the series A stages – in bridging the investment gap and overcoming barriers, in addition to helping Indonesian renewable energy entrepreneurs and companies to enter the market.“We empower scalable and competent renewable energy companies in progressing Indonesia’s effort to transition to a low-carbon economy by the combined programmatic and investment approach,” she said in a written statement.last_img read more

Sweden’s KPA Pension generates 8.2% investment return

first_imgSweden’s public sector pensions provider KPA Pension saw contributions rise by more than one-quarter last year, while investments beat 2012’s performance with a return of 8.2%.The local government pensions subsidiary of insurance group Folksam reported premium income of SEK9.9bn (€1.1bn) in 2013, up 28% from the year before.KPA Pension said: “The strong increase is due to the fact more people, either actively or by default option, chose KPA Pension as their occupational pension company within the KAP-KL agreement, as well as an increase in redemptions business.”The firm reported a total return for 2013 of 8.2%, up from 2012’s 7.2%. Its solvency level increased to 172% in 2013 from 150% in 2012, the company said.last_img read more

FCA flags pension-scheme pooling as route to better value for money

first_imgThe UK’s Financial Conduct Authority (FCA) wants to see whether UK private sector occupational pension schemes could pool assets more effectively as a potential means of enabling them to extract better value for money from asset managers.On Friday, the regulator published the interim report on its study into the asset management market, saying it found evidence suggesting “there is weak price competition in a number of areas of the asset management industry”.The FCA has proposed a set of potential fixes for the problems it has found, one of which includes exploring the potential benefits of greater pooling of pension scheme assets.This is work it envisages doing with the government. It is asking for feedback on the “remedies” it has proposed.The regulator said it found that smaller occupational pension schemes are less likely to be able to exert pressure on asset managers because “there is some relationship between size and investment expertise and resources” and “larger pension schemes are more attractive to asset managers, allowing trustees to negotiate lower fees per pound under administration”.It said there may be benefits from pooling assets to allow schemes to reap the benefits of scale but acknowledged that there are challenges in doing so, such as merging schemes when they have different liabilities.The FCA is therefore consulting on this, asking if there are ways in which different types of UK pension schemes – defined benefit (DB) and defined contribution (DC) trust-based and DC contract-based schemes – could pool assets more effectively.It is also asking what benefits may arise from pooling, and how any logistical challenges could be overcome.The FCA said smaller pension schemes are less able to secure discounts from asset managers, and that it is likely they could achieve “significant” cost savings by consolidating their assets.UK local government pension schemes (LGPS) are in the process of creating asset pools, and the FCA cited the collaboration between London local authorities, the London CIV, as an example of cost savings that can be achieved from pooling assets.Consolidation could improve the effectiveness of oversight, especially among smaller trust schemes, according to the FCA.Responding to the FCA’s report, the chief executive of the UK’s pensions association said its findings on institutional investors “mirror those of our defined benefit taskforce”.Joanne Segars, chief executive of the Pensions and Lifetime Savings Association (PLSA), said: “We look forward to working with the FCA and government to find solutions that address the fragmented nature of the demand side, including exploring the potential benefits of greater pooling of pension scheme assets.”The PLSA’s DB taskforce unveiled its interim report last month, describing the UK DB sector as “not fit for the future”, with one of the problems being that it is too fragmented.One of the potential solutions it flagged was scheme consolidation.In its report, the FCA referred to developments in Australia and the Netherlands that help support schemes to achieve scale, such as the Dutch pensions supervisor, De Nederlandsche Bank, introducing “an extensive new governance structure”.The FCA noted the ongoing consolidation in the Netherlands, where the number of pension funds has dropped from about 800 to 325 in the past 10 years.In the UK, the FCA said, fiduciary management arrangements and master trust offerings “work to address the fragmentation of demand” by allowing providers to pool clients’ assets, but “the extent to which investors are benefiting from scale is not always evident”.last_img read more

Netherlands roundup: Oil scheme weighs joining PGB

first_imgArchimedes, the Dutch company pension fund of oil firm Q8 and Swiss commodities trader Gunvor, is considering joining the €24bn multi-sector scheme PGB.The €570m pension fund deemed itself too small to continue independently, and was therefore seeking benefits of scale as well as governance.However, Archimedes said that its choice was conditional: its pension assets could only be transferred to PGB if any benefit cuts could be avoided. Members’ benefits could be at risk if the two schemes’ coverage ratios differed too much.At September-end, funding of Archimedes and PGB stood at 110.8% and 108.3%, respectively. Hans Thomassen, Archimedes’ chairman, pointed out that PGB’s coverage was improving faster under current market conditions “as PGB has a lower interest hedge, a larger equity allocation as well as a currency hedge”.If PGB’s funding were to overtake coverage of Archimedes before supervisor De Nederlandsche Bank (DNB) has approved the merger plan, Archimedes will instead opt to transfer to its own compartment at a general pension fund (APF), according to Thomassen.He said that its APF shortlist comprised Volo (run by PGGM), Centraal Beheer APF (run by Achmea) and Stap, the APF of Aegon.Pension funds bump up ‘safe haven’ allocationsPensioen Pro, IPE’s Dutch sister publication, has found that Dutch pension funds have significantly increased their allocation to government bonds of ‘safe haven’ countries such as the Netherlands and Germany.Based on figures supplied by DNB, Pensioen Pro suggested that the total value of government bonds, including inflation-linked bonds, had “exploded” from €153bn in 2009 to €357bn in 2016.DNB attributed the increase to both transactions and revaluations.Pensioen Pro reported that German government bonds had risen from 18% to 24% of bond allocations, while the stake in Dutch government bonds increased from 9% to 16% of combined bond holdings, between 2009 and 2016.It also found that US treasuries were also popular among Dutch pension funds: the total allocation hit €32bn at year-end, an increase from 5% to 9% of bond holdings.However, it noted that the €456bn asset manager APG alone held €21bn of US government bonds.In contrast, Dutch schemes had significantly divested their stake in Italian and French government paper since 2009: the Italian allocation decreased from 19% to 4%, and the French stake fell from 25% to 16%, according to Pensioen Pro.It also reported that holdings of Spanish government bonds had reduced from 3% to 2% in this period.Pensioen Pro explained that its conclusions were the result of an extrapolation to the entire sector, based on figures supplied to DNB by the 45 largest pension funds.Government delays pension age riseElsewhere, the new Dutch cabinet has decided to refrain from a further rise in the official retirement age, as life expectancy improvements have slowed down.As a consequence, the retirement age for the state pension (AOW) will stay at 67 years and three months in 2023, the same age as in the preceding year.Drawing on the newest longevity figures, the government is assessing annually whether the AOW age should be raised.By giving five years’ notice, its wants to enable workers to take additional measures such as increased saving or taking out additional insurance in case they wish to retire early.In 2012, the government decided to gradually raise the AOW age from 65 to 66 in 2018, and to increase the official retirement age by four months each year until 2021.As of 2022, the AOW age will be directly linked to life expectancy.last_img read more

WAWU disappointed with Roseau City Council’s lack of urgency to resolve ongoing dispute

first_img Share Share Sharing is caring! Secretary General of the Waterfront & Allied Workers Union, Kertist Augustus.The Secretary General of the Waterfront and Allied Workers Union Kertist Augustus is disappointed with the Management of the Roseau City Council’s lack of urgency to resolve the ongoing dispute between sanitation workers and the Council.Sanitation workers of the Roseau City Council protested for two hours last week Friday for what they claim is frustration for repeated late payments of salary and wages.According to the Secretary General the Union can no longer sympathize with the Council.“The reason for the protest really is that the workers have become frustrated at the regular late payment of their salary and their wages. We wrote to management indicating that we could no longer guarantee understanding or sympathy for the regularly late payments because what we observed and what was pointed out to us by the workers was that whenever there was a long holiday weekend, it was usually the time that management kept indicating that they cannot pay on time,” he said.The Union requested a meeting with the Council in an effort to resolve this ongoing dispute which was scheduled for yesterday, however that meeting did not take place.  “We requested a meeting Monday for a face to face with the council, that did not take place because the Chief Executive did not inform and place it on the agenda of the statutory meeting that was scheduled for Thursday and when we called we were informed that the meeting could not be held,” Augustus said.Augustus said every councilor ought to have known that there is the need for such a meeting and does not indicate a level of seriousness in relation to the issues.“I am very disappointed. We have been told that it has to be rescheduled but they are not treating them matter with such urgency. I am concerned because you cannot have a situation where workers are protesting…and a meeting which should have been held one day later was not held…and pushed back further,” he said.Dominica Vibes News 8 Views   no discussionscenter_img LocalNews WAWU disappointed with Roseau City Council’s lack of urgency to resolve ongoing dispute by: – August 19, 2011 Share Tweetlast_img read more

Italy clamps down on travel as virus deaths rise

first_imgROME – Two deaths from the newcoronavirus sparked fears throughout northern Italy on Saturday, as about50,000 people were poised for a weeks-long lockdown imposed by authoritiestrying to halt a further increase in infections. Prime Minister Giuseppe Conte said thatpeople living inside the affected areas in the northern regions would berestricted to those areas, while schools and businesses closed, as part ofmeasures designed to stem new infections. (AFP) Streets were largely deserted in the small Italian town of Codogno, Lodi, Lombardy, Italy. AFPcenter_img Italy on Friday became the first countryin Europe to report the death of one of its own nationals from the virus,triggering travel restrictions on about a dozen towns where the number ofpeople contaminated has continued to rise.last_img read more