Ryukyung Hotel: Turning Point for Reform and Opening?

first_img There are signs that North Korea is running into serious difficulties with its corn harvest News With the resumption of construction of the Ryukyung Hotel in Pyongyang, which is intended to be completed by 2012 so as to commemorate the 100th birthday of Kim Il Sung and the 70th of Kim Jong Il, some are suggesting that the time of the hotel’s completion could become a turning point for reform and opening, regardless of the intent of North Korean authorities. Manager of the Committee for Democratization of North Korea Park Gun Ha, a former officer in a foreign currency making enterprise in North Korea, said on the 27th in a telephone interview with the Daily NK that, “Resuming the construction of the Ryukyung Hotel means that the North Korean authorities see ‘reform and opening’ in the long run. Although the maintenance costs of such an outsized building could be a big deal, it will be a great political slogan to show off the ‘strong and prosperous state’.”Mr. Park foresaw that, “The reason why North Korean authorities are sticking to the construction of such a huge building seems to be that they expect to make gains from foreign tourists. Consequently, an increased number of foreign tourists may result in planting the will to reform and open in North Korean citizens.” Conversely, he added that, “On the other hand, tourist numbers may not increase; North Korea will be lumbered with a great amount of financial burden to maintain the great building. The Ryukyung Hotel must be a nuisance for the Kim Jong Il regime.” He emphasized, also, that, “The value of the hotel as a propaganda tool is only transient.” The construction of the Ryukyung Hotel started in 1987 and was supposed to be completed by 1992, using French capital and technology. However, since the mid-1990s, due to the economic crisis, it has been left under construction, with a lone crane atop its pyramid structure.These days, North Korea has resumed construction of the hotel in partnership with an Egyptian communications company, Orascom Telecom, and Hong Kong-based investment. The hotel was designed with 1,311 guest rooms, 990 offices, 40 kitchens, conference halls and meeting rooms; 3,200 halls and rooms in total in 101 stories, with 4 stories underground. The total height is 317.2 meters. In the beginning, North Korean authorities advertized the prospective hotel’s size by stating that, “If a new-born baby enters the hotel and sleeps one night in each room, the baby could come out of the hotel when he/she is 27 years old.” Facebook Twitter News News Ryukyung Hotel: Turning Point for Reform and Opening? AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] center_img News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak SHARE North Korea tries to accelerate building of walls and fences along border with China RELATED ARTICLESMORE FROM AUTHOR By Daily NK – 2008.12.29 4:19pm last_img read more

Survey underscores growing importance of ESG to Canadian institutional investors

first_imgThe top three issues companies should take a stand on are cybersecurity, globalization and income inequality, investors said.Nine in 10 institutional investors said their firms are more interested in taking an activist approach to investing. The same number believe most companies aren’t prepared for shareholder activism, the report said.When it comes to investor relations, almost 90% said reporting is outdated, with respondents wanting information displayed more visually and with more forward-looking disclosures.But investors aren’t only relying on standard communications, the report said. Almost 90% of investors consult a company’s or executive’s social media channels to evaluate an investment.Other findings:One-quarter of Canadian investors think the bull market will end in the next six months (compared to 18% of U.S. investors); 53% believe it will end in the next year.85% of Canadian investors are more likely to invest in U.S. assets because of the Trump administration’s economic, trade and immigration policies (the policies were lumped together in the report).The report is based on an online quantitative survey of 500 institutional investors in the U.S., Canada, the U.K., Germany and Japan. Participants included portfolio managers (39%), chief investment officers (29%), financial analysts (26%), directors of research (4%) and ESG analysts (1%). Respondents represent firms that manage assets ranging from less than US$500 million to more than US$50 billion. Data fieldwork was conducted by Edelman Intelligence from Sept. 9 to Oct. 22, 2018.Read the full Edelman report here. Share this article and your comments with peers on social media Environmental, social and governance (ESG) risks are becoming more important to Canadian institutional investors, with 91% saying they’ve changed their policies to be more attentive to those factors, a new survey says.The “Edelman Trust Barometer Special Report: Institutional Investors” found that 91% of institutional investors in Canada would consider a lower rate of return in order to include sustainable and impact investing considerations. Related news Keywords Responsible investing,  Institutional investors Sustainable bond issuance set record in Q1: Moody’scenter_img Facebook LinkedIn Twitter Canadians need education on ESG investing Global insurers’ focus on ESG will impact energy sector: report IE Staff last_img read more

TD Ameritrade CEO Tim Hockey to leave company in February 2020

first_img TD Ameritrade Holding Corp.’s president and chief executive Tim Hockey says he is leaving the online brokerage in February 2020.Hockey took the helm at the Omaha, Nebraska-based company in 2016, after more than three decades at Toronto-Dominion Bank. Related news During his tenure at TD Ameritrade, Hockey oversaw the integration of rival Scottrade after that acquisition.Hockey says he and the board decided it was time for a new CEO to lead the company.He declined to explain the decision, but he said he is not leaving for another job or to spend more time with family.Hockey agreed to stay on in order to help with the transition after a search for the new chief executive is conducted.TD Bank’s chief executive Bharat Masrani, who is also vice-chair of the TD Ameritrade board, said the company remains “confident in the business and its continued success.”TD Bank Group is the online brokerage’s largest shareholder.“We also extend our thanks to Tim for his leadership and for the important contributions he has made at TD Ameritrade,” Masrani said in a statement. “We wish him the very best for the future.”— With files from The Associated Press CWB announces executive appointments Keywords Banking industry,  Electronic tradingCompanies Toronto-Dominion Bank Wilkins named to U.K. oversight body Share this article and your comments with peers on social media open door business 123RF TD getting new head of private wealth, financial planning Canadian Press Facebook LinkedIn Twitterlast_img read more

Release of CSIS 2020 Public Report

first_imgRelease of CSIS 2020 Public Report From: Canadian Security Intelligence ServiceThe Director of the Canadian Security Intelligence Service (CSIS), David Vigneault, issued the following statement regarding the CSIS 2020 Public Report released today“I am pleased to release the Canadian Security Intelligence Service Public Report for 2020, which was submitted to the Minister of Public Safety on March 31, 2021. The report provides an overview of the threats to Canada’s security and national interests, and helps Canadians understand the role and activities of CSIS.This Report, like the year 2020 itself, stands out from its predecessors. The extraordinary circumstances the COVID-19 pandemic has brought upon the world reinforce the importance for Canadians to have trust in their national institutions including their security intelligence service and to know about the important work we do to protect Canadians and Canadian interests.The trust and confidence of Canadians in CSIS is critical to our legitimacy, operational effectiveness, and institutional credibility. While certain information must remain protected, providing an enhanced public view of our priorities, our people, and our areas of responsibility, is essential to maintaining that trust with the public.The 2020 report highlights the innovative and critical work CSIS has conducted during the COVID-19 pandemic to keep Canadians safe. It also reiterates that while violent extremism continue to capture a significant portion of CSIS’ attention and efforts, threats such as foreign interference and espionage are increasing and directly threaten Canada’s economic prosperity and national interests.CSIS continues to evolve but our mission remains the same: to keep Canadians safe. CSIS is committed to fulfilling our mission, and we will continue to do so in a manner that reflects Canada’s values and the trust that Canadians have placed in us.The people of CSIS take their responsibility to protect Canada to heart and carry out their duties diligently, knowing that they are making Canada a safer place. I am very proud of all their work and so too should Canadians.I encourage all Canadians to read our newly released report to gain a comprehensive picture of how CSIS is working to keep Canada safe during these unprecedented times.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Canada, covid-19, director, foreign interference, Government, heart, intelligence, Minister, pandemic, Safety, security, worldlast_img read more

Scammers capitalise on pandemic as Australians lose record $851 million to scams

first_imgScammers capitalise on pandemic as Australians lose record $851 million to scams Australians lost over $851 million to scams in 2020, a record amount, as scammers took advantage of the pandemic to con unsuspecting people, according to the ACCC’s latest Targeting Scams report released today.The report compiles data from Scamwatch, ReportCyber, other government agencies and 10 banks and financial intermediaries, and is based on more than 444,000 reports.Investment scams accounted for the biggest losses, with $328 million, and made up more than a third of total losses. Romance scams were the next biggest category, costing Australians $131 million, while payment redirection scams resulted in $128 million of losses.×Targeting scams report 2020 infographicClose“Last year, scam victims reported the biggest losses we have seen, but worse, we expect the real losses will be even higher, as many people don’t report these scams,” ACCC Deputy Chair Delia Rickard said.“Unfortunately scammers continue to become more sophisticated and last year used the COVID-19 pandemic to scam and take advantage of people from all walks of life during this crisis.”Of the $851 million in combined losses, $176 million were reported to Scamwatch alone. (All losses described below are from Scamwatch data only).“Victoria, which was significantly impacted by the second wave of the virus, recorded the highest losses nationwide for the first time and Victorians reported $49 million in losses to Scamwatch, more than double those in 2019.” Ms Rickard said. “We saw scammers claiming the government restrictions meant people could not see items in person before purchase. This was a common ruse in vehicle sale and puppy scams, which both had higher reports and losses.”As people spent more time online during the COVID-19 pandemic lockdown, reports and losses for some scams also increased.Health and medical scams increased more than 20 fold compared to 2019, accounting for over $3.9 million in losses. Losses to threat based scams increased by 178 per cent to $11.8 million, and there were more than $8.4 million in losses to remote access scams, an increase of over 74 per cent.Phishing activity also thrived during the pandemic, especially through government impersonation scams. There were over 44,000 reports of phishing scams, representing a 75 per cent increase.People who detect a scam, whether or not they have lost money to it, can report scams and learn more about how to get help on the Scamwatch website at scamwatch.gov.au. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:A Triple C, ACCC, Australia, covid-19, crisis, Government, health, Investment, lockdown, money, online, pandemic, purchase, romance, vehicle, Victoria, virus, websitelast_img read more

CU-Boulder Archaeology Exhibit Set This Summer In La Junta

first_img Published: April 27, 1997 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Montrose will host an exhibit of Southwestern archaeology as part of the CU This Summer cultural outreach program from the University of Colorado at Boulder. The exhibit, “Exploring Yellow Jacket: The Anasazi Site that Continues to Grow,” will be from June 24 through Sept. 1 at the Montrose Pavilion, CU This Summer’s local sponsor. Hours are weekdays from 7:30 a.m. to 4:30 p.m. Admission is free. The exhibit shows 30 years of archaeological research by University of Colorado Museum Curator Joe Ben Wheat on the architecture and artifacts retrieved from excavations near Yellow Jacket, Colo. More than 300,000 people throughout Colorado have enjoyed CU This Summer offerings over the nine years of the popular community outreach program of art and museum exhibits and music and dance performances. CU This Summer cultural events are sponsored by each community for the enrichment of residents and summer visitors. The host communities this year are Brighton, Burlington, Cortez, Durango, Estes Park, Grand Junction, La Junta, Lamar and Pueblo, as well as Montrose. CU This Summer sponsorship is shared by the host communities and the Boulder Campus Outreach Council, the CU Office of Business and Community Relations, the department of theater and dance, CU Art Galleries, the University of Colorado Museum and the College of Music with support from the Office of Public Relations. For information about the Montrose CU This Summer exhibits call Mike Hepp at 800-982-2518.last_img read more

Local CU-Boulder Students Receive Degrees Aug. 9

first_imgLocal students were among about 3,800 receiving degrees May 16 in outdoor ceremonies at the University of Colorado at Boulder. The Chancellor’s Recognition Award for students receiving all A’s in their college careers was given to Shawn Timothy Stone of Monument, who received a bachelor of science in electrical and computer engineering. Stone, a graduate of Rampart High School in Colorado Springs, also was named Outstanding Graduate of the College of Engineering and Applied Science. Other outstanding graduates named by their schools and colleges were Joseph Nathan Geiger of Moscow, Idaho, bachelor of environmental design (Architecture and Planning); Katherine Ann Potter of Rifle, bachelor of fine arts in theater and bachelor of arts in English (Arts and Sciences) and Brook Elaine DeHaro of Greenwood Village, bachelor of science in finance (Business and Administration). Also named as outstanding graduates were Clark David Dollard of Solana Beach, Calif., bachelor of arts in mathematics (Education); Shawn Timothy Stone of Monument, bachelor of science in electrical and computer engineering (Engineering and Applied Science); Ann Marion Hill of Eagle, bachelor of science in journalism (Journalism and Mass Communication) and Emily Anne Bowman of Eldorado Springs, bachelor of music (Music). Published: May 15, 1997 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

Join a show-and-tell on augmented reality, virtual reality Feb. 18

first_imgPublished: Feb. 7, 2020 Join us this month for an AR/VR Show-and-Tell with the Center for Research Data and Digital Scholarship (CRDDS). Digital creators from across campus will come together to share their augmented reality (AR) and virtual reality (VR) projects with fellow students and colleagues from diverse fields of study. Come learn about AR and VR tools, and test-drive projects and works-in-progress.Augmented reality (AR) adds digital elements to a live view, often by incorporating a smartphone camera. These can be social media filters for Instagram and Snapchat, or for games on iOS and Android. Virtual reality (VR) offers users a simulated experience in a three-dimensional space, viewed through a head-mounted display. VR is used in gaming, educational programming, and recently marketing.“In my two years working with virtual and augmented reality at the University of Colorado Boulder, I have seen an explosion of interest in these technologies, with many exciting research projects developing all over campus,” Philosophy PhD student and CRDDS Digital Scholarship Graduate Assistant Julia Uhr said. “These projects, which range from immersive scientific data visualizations to community outreach experiences, have the potential to change the way we interact with data and each other.”The AR/VR Show-and-Tell will take place on February 18 from 2–4 pm in Norlin Library E206 (CRDDS). Sign up to present a lightning talk to share how VR is informing your scholarly research, or attend to learn what others are working on. This Digital Scholarship Open House will be the first of three this semester. In March, there will be an open house focusing on the history of humanities computing and digital humanities with co-sponsorship from the Media Archaeology Lab. Looking further ahead, there will be an open house on geospatial data, methods and tools. More information on that event soon. “The Digital Scholarship Open Houses are meant to help foster community around digital research approaches, which reflects the larger mission of the Center as a hub for connecting people working with data and digital scholarship,” Nickoal Eichmann-Kalwara, a CRDDS director spearheading the DS open houses digital said. These events are free and open to the public. Details on CRDDS events and workshops can be found on the Events page. Categories:CRDDSTags:Eventsresearchlast_img read more

Residents Leave Shelters in St. Catherine for Home

first_imgRelatedResidents Leave Shelters in St. Catherine for Home RelatedResidents Leave Shelters in St. Catherine for Home RelatedResidents Leave Shelters in St. Catherine for Home FacebookTwitterWhatsAppEmail At least 40 persons housed in shelters in St. Catherine, as a result of rains associated with Tropical Depression #16, are making attempts to return to their homes.Parish Disaster Coordinator for St. Catherine, Patricia Lewis, told JIS News that the residents, including children, have been moving between their homes and the shelters, since the rains drove them from their homes.“They are to and from the shelters, so this number fluctuates,” she said, adding that they have been staying at the Shiloah Basic School and the Ensom City Community Centre.Miss Lewis said that staff from the Ministry of Labour and Social Security, the Jamaica Red Cross and the Office of Disaster Preparedness and Emergency Management (ODPEM), have been attending to the needs of the residents, who were provided with blankets, cots and plastic sheeting.According to the parish coordinator, some six shelters in the parish were activated and shelter managers are on stand-by.She said that personnel from the Emergency Operation Centre, activated last evening at the St. Catherine Parish Council, were currently monitoring the situation.The Parish Coordinator said that the Coburne Gully in Old Harbour, which had overflowed its bank, affected communities in Nightingale Grove, Bushy Park and in Vineyard.She added that staff from the Poor Relief Department were doing assessments of persons affected by the rains.“Within another day or so, that will be intensified,” she added.The Parish Coordinator urged residents in flood-prone areas in the parish to listen to the weather reports and updates, and be ready to move quickly to safety.“If you are in a low-lying area, we ask that you monitor the situation so that you can go to higher ground if the circumstances warrant,” she cautioned.center_img Residents Leave Shelters in St. Catherine for Home Office of the Prime MinisterSeptember 29, 2010 Advertisementslast_img read more

Lascelles Chin, PSOJ Hall of Fame Inductee

first_imgRelatedLascelles Chin, PSOJ Hall of Fame Inductee RelatedLascelles Chin, PSOJ Hall of Fame Inductee By Allan Brooks, JIS Senior Reporter FacebookTwitterWhatsAppEmail KINGSTON — Governor General, His Excellency, Sir Patrick Allen, and Lady Allen, joined the captains of industry and commerce who came out, in force, to witness the induction of veteran businessman and philanthropist, the Hon Lascelles Chin, into the Private Sector Organisation of Jamaica’s (PSOJ) Hall of Fame for 2011. The induction took place at a banquet on Thursday (October 27) at the Wyndham Kingston Hotel, New Kingston. Since 1992, the PSOJ has paid that tribute to a private sector leader, who has made innovative and sustained contributions to the development of the sector over a minimum of 25 years. In addition, the individual must demonstrate indepth knowledge of the industry in which his/her company operates, and demonstrate an unswerving commitment to the advancement of the industry and to national development. Mr. Chin, Founder and Executive Chairman of the LASCO Affiliated Companies, was described in tribute as “one of Jamaica’s most distinguished and respected entrepreneurs, a pioneering exporter, outstanding philanthropist and a much-honoured leader in Jamaica and the Caribbean.” Earlier this year, Mr. Chin, announced that Lasco-affiliated companies, Lasco Manufacturing (LASM), Lasco Distribution (LASD) and Lasco Financial (LASF), planned to invest up to US$11 million ($935 million) in expansion and integration of the Group. He said the firm hopes to complete the first phase of the expansion by April 2012. Lasco Distributors head Anthony Chang addresses audience members during his presentation at the Mayberry Investor Forum at the Knutsford Court Hotel in Kingston on Thursday. Seated (from left) are Mayberry CEO Gary Peart; Lasco chairman Lascelles Chin; Lasco Manufacturing managing director Dr Eileen Chin; and Lasco Financial managing director Jascinth Hall Tracey. The three Lasco affiliates will undertake an extensive expansion plan beginning this year. (Photo: Karl McLarty) Last October, the three Lasco companies were listed simultaneously on the Junior Jamaica Stock Exchange (JSE). The three companies posted a combined net profit of $737 million for the year ended March 31, 2011, more than three times the earnings of the year before. LASM posted the highest net profit, $401.2 million, which was $291 million or 265 per cent higher. Tracing his roots and successful journey as an entrepreneur, the PSOJ, in a statement, noted that Mr. Chin was born in Bog Walk, St. Catherine and, from an early age, demonstrated the skills and attributes of a successful businessman – hard work, determination, perseverance, clarity of vision and the ability to see obstacles as challenges. “His entrepreneurial energy and spirit, as well as his ability to seek out business opportunities, resulted in Mr. Chin taking advantage of opportunities in a variety of sectors, including furniture, manufacturing, data processing, car rentals, horticulture, insurance brokerage, hair products, soya oil refining and chicken processing. “All his business acumen, work experience and expertise were brought to bear on the successful establishment of the LASCO Affiliated Companies in 1988. The Group now manufactures and distributes over 300 products under the LASCO brand name. He currently serves as Chairman for LASCO Distributors Limited, LASCO Manufacturing Limited, LASCO Financial Services Limited and Summit Development Limited.” Mr. Chin has been the recipient of numerous awards including the 2009 Inaugural CVM, Most Admired Business Leader Award, and the 2005 American Foundation Award for “Outstanding Contribution to Business in the Caribbean and as a Caribbean Luminary.” He is the nineteenth private sector leader to be inducted into the PSOJ’s Private Sector Hall of Fame. RelatedLascelles Chin, PSOJ Hall of Fame Inductee Advertisements Lascelles Chin, PSOJ Hall of Fame Inductee Governor GeneralNovember 1, 2011last_img read more