Ewan McGregor And David Beckham Support UNICEF Partnership With Commonwealth Games

first_imgUNICEF, the Commonwealth Games Federation and the Glasgow 2014 Commonweath Games have announced a partnership for children that seeks to touch the lives of children in Scotland and in Commonwealth countries across the world.The partnership aims to raise funds for UNICEF work in Commonwealth countries across the world, and hopes to make next summer’s sporting event a big moment for children, aiming to inspire and enable children to be the best they can be.The news was unveiled yesterday by Olympic boxing champion Nicola Adams at Swinton Primary School in the east end of Glasgow, one of UNICEF’s Rights Respecting Schools. Nicola shared her own story with pupils, and listened to their hopes for the future.“I am absolutely delighted to support this partnership and be part of the event this morning,” said Nicola. “It was great to meet the children and hear about their aspirations and what they need to be the best they can be. This is a fantastic collaboration which will reach out to every child in Scotland and much further afield.”UNICEF Ambassador Ewan McGregor sent a message of support to the event: “I couldn’t be more pleased that Glasgow has been selected to host the 2014 Commonwealth Games and partner with UNICEF.“This partnership opens the door to helping transform children’s lives, both in my own country of Scotland, and in every Commonwealth nation. That’s a hugely exciting prospect.”Fellow UNICEF Goodwill Ambassador David Beckham also added his backing: “I am delighted to hear that UNICEF and Glasgow 2014 are to put children at the heart of the Commonwealth Games legacy. This partnership is an amazing opportunity for children around the world.“Through the power of sport you can achieve so much and this great partnership will be no different. UNICEF leads the way in making sure that children have the opportunity to reach their true potential everywhere.”Source:UNICEF UKlast_img read more

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Singapore Canada seek to join WTO consultations over Indias ICT products tariff

first_imgNew Delhi: Singapore and Canada have expressed interest in joining consultations in a case filed by Japan in the WTO’s dispute settlement body against India’s import duties on certain information and communication technology products, including mobile phones. According to a communication of the World Trade Organisation (WTO), both countries have stated that they have a substantial trade interest in information and communication technology (ICT) goods. Also Read – Commercial vehicle sales to remain subdued in current fiscal: Icra On May 14, Japan dragged India to the WTO over the import duties imposed on certain electronic goods including telephones for cellular networks; machines for reception, conversion and transmission or regeneration of voice, images or other data; and parts of telephone sets. It alleged that imposition of import duties on these products by India infringes WTO norms as India has committed zero per cent bound tariffs on these products. While bound tariffs or duties refer to the ceiling over which a WTO member country cannot impose import duty, the applied tariff is the duty which is currently in place. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days In a separate communication, Singapore said it “desires to be joined in India’s consultations with Japan”. “This is because Singapore, as one of the world’s largest exporters of ICT products, with export value of USD 120 billion annually, has substantial trade interest in this matter,” it said. Similarly, Canada has said that during 2016-2018, India’s imports from Canada of ICT products have aggregated at USD 28.7 million. “This reflected 31.2 per cent of India’s total imports of ICT products from Canada. ICT is an important sector for Canada’s economy which relies on access to global markets. “Over 2016-2018, Canada’s global exports of all ICT products averaged USD 11.3 billion and accounted for 2.8 per cent of all Canadian exports,” the north american country said in its communication. As per WTO rules, seeking consultation is the first step of dispute settlement process. If the bilateral consultations requested by the complainant with India do not result in a satisfactory solution, it can request the WTO to set up a dispute panel to pass a ruling on the matter. Singapore and Canada require approval from India and Japan to join the consultation process. A WTO member country can file a dispute if it perceives that another country’s trade policies or actions are violating global trade norms. India’s bilateral trade with Canada and Singapore stood at USD 7.23 billion and USD 17.7 billion respectively, in 2017-18. Chinese Taipei has also expressed interest in joining these consultations. Besides Japan, last month, the European Union (EU) too dragged India into WTO’s dispute settlement mechanism over imposition of import duties on certain ICT products, alleging breach of global trade norms.last_img read more

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TSX slips amid solid RBC earnings

The Toronto stock market was slightly lower Friday morning amid a deterioration in the Russian/Ukraine crisis while traders looked to a key speech from U.S. Federal Reserve chairwoman Janet Yellen later in the morning.The S&P/TSX composite index dropped 23.47 points to 15,532.62 as the market found limited support from the financial sector after Royal Bank (TSX:RY) posted a $2.38-billion profit in its third quarter, up four per cent from a year earlier.Canada’s largest bank said third-quarter profit amounted to $1.59 per share and $1.64 per share on an adjusted basis. Analysts had generally estimated Royal would have $1.54 per share of net income and $1.56 per share on an adjusted basis. Royal Bank also increased its quarterly dividend by four cents to 75 cents a common share. Its shares rose 18 cents to $81.84 after earlier hitting an all-time high of $82.15.The Canadian dollar was down 0.01 of a cent to 91.36 cents US as the consumer price index declined 0.2 per cent month-month in July. And retail sales for June jumped 1.1 per cent over May, much higher than the consensus estimate that called for a 0.3 per cent advance.New York’s Dow Jones industrials declined 16.89 points to 17,022.6, the Nasdaq declined 4.61 points to 4,527.49 while the S&P 500 index slipped 2.72 points to 1,989.65.Yellen is expected to focus on the labour market in her speech at the central bank’s annual economic symposium in Jackson Hole, Wyo. The health of the job market is critical for when the Fed decides to hike interest rates, which have been held near zero since the financial crisis.While U.S. job creation has steadily improved and averages about 200,000 jobs a month, there are worries about increased slack. The participation rate in the U.S. has fallen to a percentage in the low 60s. Also of concern is the number of workers employed part-time for economic reasons, and the high level of long-term unemployment.The Fed has been generally expected to raise rates mid-2015 but there are concerns the Fed may move even earlier.Rising rates are seen as a drag for the stock markets since some investors would choose to invest their money in securities with a guaranteed return, like bonds.Meanwhile, Ukraine accused Russia of a “direct invasion” which “happened for the first time under the cover of the Red Cross” after Russia sent dozens of aid trucks into rebel-held eastern Ukraine on Friday without Kiev’s approval. The aid is intended for civilians in the city of Luhansk, where pro-Russian separatists are besieged by government forces.But in the past few days, Ukraine says its troops have recaptured significant parts of the city and suspicions are running high that Moscow’s humanitarian operation may instead be aimed at halting Kiev’s military momentum.The TSX energy sector led decliners, down 0.7 per cent while October crude was down 72 cents to US$93.24 a barrel.The base metals component weakened 0.3 per cent as September copper rose three cents to US$3.20 a pound.The gold sector was off 0.15 per cent even as geopolitial concerns sent the December bullion contract in New York ahead $3.70 to US$1,279.10 an ounce. read more

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IndiaSri Lanka joint military exercise in Pune to counter China

The exercise will be conducted over two weeks, and the training module will include weapons training, basic military tactics and complex battle strategies.  The series — Mitra Shakti — had started in 2012, mainly as a response to China’s efforts to increase its influence in South Asia and the Indian Ocean region. The armies of India and Sri Lanka also serve together in the United Nations Peacekeeping missions. The fourth chapter of the exercise was held at the Sinha Regimental Centre in Ambepussa, Sri Lanka, in 2016, when the main focus was to enhance inter-operability in CI and CT operations under the UN mandate. The Indian contingent was represented by a platoon from the Rajputana Rifles Regiment and the Sri Lankan Army was represented by a platoon from the Sinha Regiment.  The earlier joint military exercise was conducted in 2015, in Pune. (Colombo Gazette) Senior military observers of both countries will be attending the Final Tactical Exercise scheduled to be held at the Aundh Military Station on October 25. Mitra Shakti 2017, a joint exercise between India and Sri Lanka for military co-operation and interoperability, will be conducted at the Aundh Military Camp in Pune between October 13 and 25. The training exercise is considered an important effort in India’s response to China’s growing influence in South Asia and the Indian Ocean region, the Indian Express reported.Army officials said the aim of the joint training is to exchange the best of military practices of the two countries and build a strong military-to-military relation between the two armies. The exercise, the fifth in the series, also aims at developing joint strategies by sharing the expertise of conducting operations, especially in the counter-insurgency and counter terrorism (CI and CT) environment, said an official. read more

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3 notes from Urban Meyer and Brian Kellys preFiesta Bowl press conference

Notre Dame coach Brian Kelly (left) and OSU coach Urban Meyer (right) address the media Thursday morning. Credit: Evan Szymkowicz | Sports DirectorSCOTTSDALE, Ariz. – In the last public media appearance before Notre Dame and Ohio State square off Friday in the Fiesta Bowl, coaches Brian Kelly and Urban Meyer held a brief joint press conference Thursday morning. Here are three notes from the morning session. Sunday talent For prestigious college football programs, there is the expectation that many who suit up for them will play at the next level. For both this year’s Notre Dame and OSU teams, that is absolutely true. Both rosters are littered with players who can continue playing football in the NFL. And for many of those same guys, Friday will likely be the last time they step on a collegiate gridiron. Kelly acknowledged that both programs boast next-level talent, but he said that doesn’t occur overnight. “I think the important thing is both players have developed these players,” he said. “They weren’t ready-made players. They’re players that developed through the program. We know a lot of them because we recruit against each other for a lot of these guys. “We’ve seen them develop.” For Notre Dame, at least two offensive linemen, left tackle Ronnie Stanley and center Nick Martin, have first-round potential written all over them. Junior wide receiver Will Fuller will likely declare for the draft and make plays on Sundays right away. Defensively, linebacker Jaylon Smith, who won the Butkus Award in 2015, is a guy scouts love because of his versatility. NFL teams will be racing to get their hands on him. Meyer was later asked about how he deals with keeping his players focused on the task at hand, not potential endeavors once the game concludes. The coach acknowledged three juniors — Cardale Jones, Joey Bosa and Ezekiel Elliott — have already told him they will not be back in Columbus for another year. “We have agreed and we all have agreed to be pros,” Meyer said. “What do pros do? Pros attack the task at hand. The task at hand is to represent the Ohio State against Notre Dame in one of the best bowl games in the country.”Meyer continued, questioning the timing of the bowl games and when underclassmen have to declare for the draft, but even so, the coach said it is something he just has to deal with.“I’d rather be in that situation,” he said,”than have a bunch of not very good players.”Happy at homeDuring Wednesday’s media session, Meyer inadvertently created a lot of buzz when he responded to a question about rumors that the Cleveland Browns reached out to him about a coaching job by saying, “The Browns? I’m not going there.”While OSU’s coach meant to say he wasn’t interested in discussing the rumor, many people took the quote out of context to mean he had no desire to inherit one of the NFL’s worst teams.On Thursday, Kelly and Meyer offered further comments about the possibility of them jumping ship to the NFL at some point, which should please fans of the two programs.“I don’t think it’s tempting at all,” Kelly said. “We get these questions all the time. … It’s really not tempting at all. We’re so focused on what we do on a day-to-day basis that we don’t kind of sit around going, ‘Boy, I’d like to coach in the NFL.’”Meyer agreed with his fellow ex-University of Cincinnati coach, saying that there is simply too much going on in the life of the head coach of a major college program to think about future career prospects.“I spend very little time, especially this time of year, man, where there’s so much going on, bowl season, recruiting, staff adjustments, those type of things going on, that I’ve never really spent much time thinking about it,” Meyer said.Kelly also offered — as evidenced by the former Oregon and Philadelphia Eagles coach Chip Kelly, who was let go by the Eagles on Tuesday — the less-than-stellar track record of college coaches making the leap to the professional ranks. One such example is OSU’s new co-defensive coordinator and safeties coach Greg Schiano, who was fired by the Tampa Bay Buccaneers two years after leaving his position at Rutgers.With the adamant declaration of the two coaches, it became all the more clear on Thursday that they plan to be at their respective schools for the long haul.Status updatesIn the days and weeks leading up to the 1 p.m. New Year’s Day game, OSU has had a number of starters whose status became a question mark.Earlier in the month, senior defensive tackle Adolphus Washington was cited for solicitation, ending his collegiate career with a suspension for the game.Then, just before the team left for Arizona, Elliott was also cited. In his case, it was for driving with a suspended license. However, Meyer opted not to discipline the junior with a suspension, causing some to wonder why he seemingly gave unequal treatment.“It was to me a traffic violation issue and one was something more serious,” Meyer said. “I’m not going to get into much more detail than that. Just completely a different set of circumstances.”Meyer also addressed the statuses of redshirt senior tight end Nick Vannett and redshirt sophomore cornerback Gareon Conley, who were each absent at Wednesday’s media day.The coach said the two starters were each under the weather with colds, but are “fine.”Correction Dec. 31: An earlier version of this article improperly stated that Brian Kelly’s brother is Chip Kelly, formerly the head coach of the Philadelphia Eagles. It has since been updated. read more

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Commentary Jordan Hall deserves some Heisman love

Since the year 2000, the Heisman Trophy has been dominated by quarterbacks. Former Alabama running back Mark Ingram is the only non-quarterback to win the trophy since the new millennium began.So when talking about early season Heisman predictions, the conversation tends to be dominated by the signal callers.This year is no exception — Texas A&M’s Johnny Manziel, Ohio State’s Braxton Miller, Oregon’s Marcus Mariota and Louisville’s Teddy Bridgewater were among the favorites heading into the season to take home the biggest award in college football.Not much has changed three weeks into the season, except for the fact that Miller has yet to play a full game and is most likely out of the race.But even though redshirt-senior quarterback Kenny Guiton has garnered most of the headlines stepping in for Miller, there is another player who could be argued as being the MVP for OSU this season.Redshirt-senior running back Jordan Hall is fifth in the nation with 402 rushing yards so far in 2013, to go with six touchdowns for OSU, but you won’t see him on any short lists for Heisman front runners this week.Why not? Why can’t Hall, with those stats, be considered one of the top players in the nation?During the summer, senior running back Carlos Hyde was expected to be the top back for the Buckeyes. That was until Hyde’s involvement in an incident at a Columbus bar in July, which resulted in him getting suspended for three games. In steps Hall, who was tapped as the starter in week one and has taken full advantage.Part of what is keeping the Jeannette, Pa., native out of the race is the game’s development since the 1990s.The era of the mobile quarterback is part of what makes it so difficult for non-quarterbacks to break into the exclusive club of Heisman winners.When players like Tim Tebow or Cam Newton are running for 20 touchdowns to go along with their passing numbers, a running back who has 1,600 yards and 17 touchdowns on the ground (Ingram’s stats the year he won) finds it hard to impress.If Hall can continue the current run, he very well may be OSU’s representative in New York for the Heisman award ceremony come December. But the biggest question for Buckeye running back is how much Hyde changes things in the Buckeye backfield.Hyde will make his return from suspension next week against Florida A&M and depending on how OSU coach Urban Meyer uses him, could have enough of an impact that Hall loses any momentum he has so far this year.But I don’t see that happening.I think Urban Meyer is the kind of coach that likes to go with the hot hand, and right now that is Hall. Hall has to lose his job, rather than have Hyde come in and reclaim it.Buckeye fans should be excited to see what Hall can do for the rest of the season. With Miller’s injuries and Guiton back at No. 2 QB when Miller returns, Hall may be OSU’s best chance at winning another Heisman trophy — which would be the first since Troy Smith won the award in 2006. read more

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Industreas sales in China go from strength to strength as it lands

first_imgIndustrea’s China-based subsidiary, Wadam Industries, has signed a contract with Shanxi Coking Coal Group International for the supply of four methane gas drainage and directional drilling systems incorporating Industrea subsidiary, Advanced Mining Technologies’ market leading drill guidance tool. Worth A$10.3 million over two separate shipments, the units will be supplied to Xishan Coal Electricity mine in Taiyuan, Shanxi Province. Wadam Industries has also entered into contracts for one methane gas drainage and directional drilling system being supplied to Shanxi Yangcheng Fu Yan for A$3.1 million and for two Industrea Mining Equipment (IME) 40 t roof support carriers to Shandong Guangyu Energy Co for A$2.7million.Longstanding Wadam customer, Jincheng Anthracite Mining Group has also signed contracts for the purchase of a further three methane gas drainage and directional drilling systems for A$6.1 million. Industrea Managing Director and CEO, Robin Levison, said these latest contracts across the end of the financial year and for the start of FY11 assisted in maintaining the momentum of A$10 million for every month of sales into China. Altogether Industrea has gained a further A$22.2 million in Chinese contracts across its Advanced Mining Technologies and Industrea Mining Equipment divisions as well as the acquisition of a manufacturing business in China.Industrea has also announced signing contracts for the acquisition of a strata support manufacturing business in China. Currently supplying products for underground strata control systems, Industrea plans to expand the acquired facility to manufacture a PJ Berriman flameproof and explosion proof personnel and materials vehicle exclusively for the underground coal mining market in China.“We see good scope for the sale of a PJB vehicle specifically for the Chinese market where we can take the best of the Australian based design to produce a vehicle at a price point acceptable to our Chinese customer base,” Mr Levison said. “This latest facility further strengthens our presence on the ground in China in addition to our existing product support centres.” In relation to the further methane gas drainage and directional drilling system sales, Xishan Coal and Electricity Power Group is China’s largest and the world’s second largest coking coal production enterprise. It is headquartered in Taiyuan, Shanxi and involves coal mining and processing, mineral well construction, coal mining machine manufacturing, and electricity equipment repair.Fu Yan mine, a new customer, is owned by Yangcheng county government of Shanxi province. Fu Yan mine neighbours Daning mine and Zhulinshan mine, both of which are existing Wadam Industries customers. Fu Yan mine’s current coal output is 0.9 Mt and neighbouring Daning mine assisted in securing the sale. Also in Shanxi Province, Jincheng Anthracite Mining has purchased a further three methane gas drainage and directional drilling systems for use in its Sihe Mine in Jincheng City. “Following supply under this latest contract, Jincheng Group will be operating approximately 18 methane gas drainage and directional drilling systems all supplied via Wadam Industries,” Levison said.In 2009 the Shanxi Government released Shanxi’s coal industry restructure and revitalization plan to close or consolidate small mines and reduce the number of coal mines in Shanxi Province to 800 by 2015. In addition the plan targets increasing the mechanisation rate in mines from China’s current average of 60% up to 85%. This continuing consolidation and safety push is expected to provide ongoing opportunities for Industrea’s suite of mining safety and productivity equipment in the region.last_img read more

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Heartbreaking Tributes paid to comedian who was killed as she walked home

first_img Short URL Source: Daniel Andrews/Twitter ‘Heartbreaking’: Tributes paid to comedian who was killed as she walked home Eurydice Dixon (22) was found dead in Melbourne. In a few days, women across Melbourne will hold a vigil in Princes Park for the life of Eurydice Dixon. They will do so firm in the knowledge that Eurydice died because of her attacker’s decisions – not because of her own. They’re right. And we need to accept that fact, too.— Dan Andrews (@DanielAndrewsMP) June 15, 2018 Source: Peter Helliar/Twitter No Comments Rest in peace Eurydice Dixon. Senselessly killed in my neighbourhood – one I love so much. Every woman should be safe walking home alone at any time of day or night. Senseless and heartbreaking. Sending love to her family and friends.— ash london (@ash_london) June 14, 2018 By Órla Ryan Jun 15th 2018, 1:04 PM Source: Julia Morris/Twitter A vigil in Dixon’s honor is set to be held at Princes Park in Melbourne in the coming days. TRIBUTES HAVE BEEN paid to a comedian who was killed as she walked home in Australia.The body of Eurydice Dixon (22) was found at a football field in Melbourne on Wednesday.She was allegedly raped and murdered, BBC News reports. A 19-year-old man, Jaymes Todd, has been charged by police.Local media have reported that Dixon’s body was found a few hundred metres from where she lived.According to The Age, she had sent a text message to a friend saying: “I’m almost home safe, HBU [how about you].”Fellow comedian Julia Morris said the news was “beyond heartbreaking”, tweeting: “An important and funny voice has been extinguished.”center_img 40,815 Views http://jrnl.ie/4072868 Share3 Tweet Email Source: ash london/Twitter Radio and TV presenter Ash London and comedian Peter Helliar also paid tribute, with the latter saying Dixon seemed to be “a funny, friendly, warm woman with the world at her feet”. Friday 15 Jun 2018, 1:04 PM I am absolutely shattered to hear of the despicable death of Eurydice Dixon. Our comedy community is like a family & this news is beyond heart breaking. My deepest condolences go to her family and friends. An important and funny voice has been extinguished. Vale Eurydice Dixon Jx pic.twitter.com/aqXAxISePW— Julia Morris (@Ladyjmo) June 14, 2018 Comments are closed due to ongoing legal proceedings. My thoughts with friends & family of Eurydice Dixon. Never met but from all accounts a funny, friendly, warm woman with the world at her feet. This feels close to home & it breaks my heart. Time for courts to get tough on murderers/sex offenders & for men to take responsibility.— Peter Helliar (@pjhelliar) June 14, 2018 Tweet thisShare on FacebookEmail this articlelast_img read more

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Unhappy with deal Trump still doesnt expect a new shutdown

first_imgWASHINGTON — Under mounting pressure from his own party, President Donald Trump appears to be grudgingly leaning toward accepting an agreement that would head off a threatened second government shutdown but provide just a fraction of the money he’s been demanding for his Mexican border wall.Trump said Tuesday he would need more time to study the plan, but he also declared that he was not expecting another shutdown this weekend when funding for parts of the government would run out. He also strongly signaled he planned to scrounge up additional dollars for the wall by raiding other federal coffers to deliver on the signature promise of his presidential campaign.“I can’t say I’m happy. I can’t say I’m thrilled,” Trump said of the proposed deal. “But the wall is getting built, regardless. It doesn’t matter because we’re doing other things beyond what we’re talking about here.”Trump sounded more conciliatory in a Tuesday night tweet, thanking “all Republicans for the work you have done in dealing with the Radical Left on Border Security.”Accepting the deal, worked out by congressional negotiators from both parties, would be a disappointment for a president who has repeatedly insisted he needs $5.7 billion for a barrier along the U.S.-Mexico border, saying the project is paramount for national security. Trump turned down a similar deal in December, forcing the 35-day partial shutdown that left hundreds of thousands of federal workers without paychecks and Republicans reeling. There is little appetite in Washington for a repeat.last_img read more

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Courtois angry on Van Gaal

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PokerStars LIVE moves one step closer to Macau return

first_img RelatedPosts 2019 WSOP main event the second biggest of all time World Poker Tour to hold inaugural WPT Cambodia at NagaWorld in November Load More Hong Kong businessman and high stakes poker player Stanley Choi has taken a key step forward in his quest to bring the PokerStars LIVE brand back to Macau with his company, International Entertainment Corp (IEC), acquiring Rational Live Events Macau Limited – a local subsidiary of PokerStars owner The Stars Group.Rational Live Events Macau Limited is described by PokerStars as one of its “data controllers”, responsible for the capture, storage and use of the personal information of players taking part in local events including those formerly held at the PokerStars LIVE Macau poker room at City of Dreams. IEC described the company as “managing, operating and organizing live events/poker tournaments in Macau.”As reported by Inside Asian Gaming earlier this month, Choi is in negotiations to re-launch PokerStars LIVE Macau at nearby Studio City with an eye to holding the 29th edition of the Macau Poker Cup. PokerStars also previously hosted the Asia Pacific Poker Tour, Macau Millions and Asia Championship of Poker each year.In a filing to the Hong Kong Stock Exchange overnight, IEC revealed it had agreed to acquire the entire share capital in Rational Live Events Macau Limited from for a total consideration of US$3 million from current owners, Global Poker Tours Ltd and European Poker Tour Ltd – both subsidiaries of The Stars Group.It follows a collaboration agreement signed between IEC and The Stars Group in May for IEC to operate land-based live events and poker rooms under the branding of PokerStars in Macau, Japan, South Korea, Vietnam, Singapore, Malaysia and Cambodia.Explaining its latest acquisition, IEC said, “In order to facilitate the operation of live events/poker tournaments in Macau, the Directors consider that the acquisition and the loan assignment enable the company to achieve this objective given that [Rational Live Events Macau Limited] is experienced in managing, operating and organizing live events/poker tournaments in Macau.” World Poker Tour announces 2019 “Asia Swing” in Vietnam, Japan and Korealast_img read more

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Gold Coast market not fit for second casino operator analysts

first_img Strong VIP growth sees Okada Manila GGR climb 72% in August “Given the market structure, a new competitor would be arguably challenged to expand the domestic market with an investment case most likely based on taking significant domestic market share from the incumbents,” Macquarie said.Discussions around a second Gold Coast casino have been ongoing for a number of years now, most notably via a bid by Chinese-backed ASF Consortium to build an AU$3 billion IR complex. That bid was rejected by the government last year.Instead, Star Entertainment Group recently announced that a new AU$2 billion masterplan to expand its current operations had been approved with the company looking to construct a total of five new hotel towers and a range of associated entertainment facilities.The Australian Financial Review quoted a Star spokesman as stating that its position as the Gold Coast’s only casino operator remained unchallenged.“We are informed by government there is no process under way,” the spokesman said.“Our position is also well known. We are excited by the approval of our AU$2 billion-plus expanded masterplan for The Star Gold Coast.“We have been consistent saying each stage of the masterplan will be dependent on the market and competitor landscape at the time.” Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analysts Genting’s Resorts World Las Vegas names five key additions to executive team Macquarie Research analysts have poured cold water on the prospects for a second casino operator on Australia’s Gold Coast holiday strip, insisting the market isn’t big enough to support a second player.The assessment by Macquarie’s David Fabris and Andy Chuk, reported in The Australian Financial Review, notes that the Gold Coast is not as attractive to a newcomer as some other locations around the country may be, with gaming revenues in the region totaling just AU$616 million in 2018 of which Star Entertainment Group’s The Star Gold Coast accounts for 45%. Load More RelatedPostslast_img read more

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General Motors shelves future investments on new products in India

first_imgGeneral Motors (GM) – which has been struggling to make a turnaround in India despite being an early entrant in the country’s car market – has now indefinitely put on hold its investments on new models for the country. Make in USA or Pay More: It’s Toyota’s turn to face Trump’s ire after GMAmid a review of how to revive its fortunes in India, GM in 2015 announced plans to invest $1 billion and produce half-a-dozen locally manufactured models. The US automaker is also set to sell its Halol plant in Gujarat to SAIC Motor HK, part of China’s SAIC Motor Corp, which has been planning to enter the Indian market. The Competition Commission of India on Friday said that it approved SAIC Motor HK’s acquisition of certain assets of GM India.Selling the Halol facility will leave GM with only the Talegaon plant, with annual capacity to produce about 150,000 vehicles, to consolidate its India operations.”…Given the shift in customer preferences in India, we are conducting a full review of our future product portfolio and have put on hold future investment in our all-new vehicle family for the market until we firm up our product portfolio plan,” a GM official spokesperson told PTI. India’s auto market is perceived as a tough market by many and is primarily dominated by Maruti Suzuki, in which Japan’s Suzuki Motor has a stake, and South Korea’s Hyundai Motor. The country is expected to overtake Japan as the world’s third-largest car market by around 2020.Even though GM said it hopes to double its India market share by 2020, it has consistently lost to its rivals and now has less than 1 percent of India’s market. However, it managed to cut net loss to Rs 1,003 crore in 2014-15 from Rs 3,812 crore in 2013-14. GM says it will now focus on “sustainable profitability” in the country. “If GM is going to make significant investments, we need to be certain that they will generate significant shareholder value,” the spokesperson said. “We are consolidating our manufacturing operations in Talegaon for both domestic market and exports. Exports continue to be an important aspect of our operations in India indeed,” the spokesperson added. GM India’s current portfolio in the country includes hatchback Beat, sedan Cruze and multi-purpose vehicle Enjoy, among others. In October 2016, the carmaker also unveiled its SUV Trailblazer in the Indian market.last_img read more

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2 killed Mymensingh road crash

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