ING shares rise despite €775m money laundering penalty slashing profits in half

first_img whatsapp ING’s chief financial officer, Koos Timmermans, stepped down in light of the penalty, issued after the bank’s lack of due diligence allowed people to launder money through their bank accounts undisturbed for six years.But the bank’s performance in the third quarter, excluding the fine, impressed the markets. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoCrowdy FanCouple Who Waits 9 Years To Open Their Wedding Present Gets A Rude AwakeningCrowdy FanUndoBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndo Max Kelly Share ING shares rise despite €775m money laundering penalty slashing profits in half Net profits came in at €776m (£684m), a 44.6 per cent fall compared to the same period last year.Reuters reported that analysts had been expecting net profit to be €630m, sending shares up over six per cent as ING beat expectations.center_img Revenues increased by 5.4 per cent to €4.65bn, and underlying profit before tax, which does not include the fine, increased 6.5 per cent to €2.12bn.Ralph Hamers, chief executive of ING Group, said: “The settlement did have an impact on our reputation and quarterly results.”“As a bank, we have the responsibility to ensure that our operations meet the highest standards, especially when it comes to securing the integrity of our own operations and that of the financial system,” he added.“Commercial momentum was strong in the third quarter of 2018 and ING recorded continued business growth at resilient margins.” whatsapp Read This NextSmoking and Hair Loss: Are They Connected?Vegamour’The Blacklist’ Fans Are Not Happy They Didn’t Find Out What Was in ThatThe Wrap’The Blacklist’ Finale All But Confirms Long-Held Fan Theory About Red’sThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamour15 Surprises About the Original ‘The Fast and the Furious,’ From CastThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourHow Often Can You Dye Your Hair?VegamourThe 15 Best Friendship Moments in ‘The Bold Type’ (Photos)The Wrap Thursday 1 November 2018 2:13 pm Shares in Dutch bank ING were up this morning as it reported better than expected third quarter results, despite profits getting hammered by a €775m fine. Tags: Trading Archivelast_img read more

Climate change and cyber threats among biggest risks in 2019, World Economic Forum warns

first_imgWednesday 16 January 2019 5:08 pm whatsapp whatsapp More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share The WEF’s global risks report – ahead of its annual gathering of world leaders and business figures in Davos next week – called for greater collaboration between nations.A survey of 1,000 decision-makers from the public and private sectors as well as academia found that the threat of extreme weather events and climate change were the biggest risks, followed by large data thefts and large-scale cyber attacks.“2018 was sadly a year of historic wildfires, continued heavy flooding and increasing greenhouse gas emissions,” Alison Martin chief risk officer at Zurich Insurance Group said.“It is no surprise that in 2019, environmental concerns once again dominate the list of major concerns.”She added that the world was “sleepwalking into catastrophe” and called on businesses to adopt climate resilience strategies and urged policymakers to invest in infrastructure to aid the transition to a low-carbon economy.center_img Tags: Trading Archive WEF president Borge Brende the world must be prepared for an increased misuse of technology, highlighted by the Gatwick drone incident.Cyber risked jumped in prominence in the survey’s 10-year outlook following a number of data breaches and frauds.Brende added that international cooperation was crucial to prolong growth for as long as possible before a potential recession.He said: “We simply do not have the gunpowder to deal with the kind of slowdown that current dynamics might lead us towards.“What we need now is coordinated, concerted action to sustain growth and to tackle the grave threats facing our world today.” Callum Keown Climate change and cyber threats among biggest risks in 2019, World Economic Forum warns Climate change and evolving cyber threats are among the biggest risks in 2019, the World Economic Forum (WEF) has warned.But the organisation said geopolitical tensions, such as the US-China trade dispute, were hindering the fight against climate change and could impact global growth in the coming year.last_img read more

Without an uptick in rates, ocean carriers are facing a $5bn annual loss, warns Drewry

first_img Container lines are enduring a “severe revenue contraction”, said Drewry, after the first six-month turnover figures reported so far by carriers were down an average of 18% on the same period of 2015.Sales are contracting faster than carriers can cut costs, and unless there is a significant uptick of freight rates, the consultant predicts industry losses of “at least $5bn” this year and spark a further flurry of M&A activity.Indeed, if the carrier depression continues apace, full-year revenue will plunge below that of its lowest point in 2009, a year when the industry suffered collective operating losses of $19bn.However container lines are much more cost-effective now, notes Drewry, which will mitigate losses, but not the problem.Last week, The Loadstar reported the H1 results of three household names in liner shipping: OOCL, Hapag-Lloyd and market leader Maersk Line.The carriers reported interim losses of $57m, $158m and $114m respectively, but of particular concern was that all three suggested that a return to profitability was a very long way away.“Freight rates dropped in the second quarter of 2016 to record low levels; we made a loss as we were unable to reduce costs at the same speed. We are not satisfied with our second-quarter result,” said Maersk Group and Maersk Line CEO Soren Skou.Mr Skou said he thought container rates had “bottomed out”, given recent jumps, albeit tenuous, in the spot market indexes. However, he admitted that rates would “remain under pressure” for some time due to low demand and chronic overcapacity.These days, 50% of Maersk Line’s business comes from the volatile spot market – compared with less than 25% a few years ago when the Danish carrier famously referred to the spot market as a “casino”.So the carrier is unable to budget comfortably on its sales more than a few weeks ahead, meaning it reacts somewhat later to market changes. Moreover, the hitherto base contract rates were reset at much lower levels for the year in both the Asia-Europe and transpacific tradelanes, dragged down by record low spot rates at the time of their negotiation.Spot rate increases on the transpacific route were “completely wiped out” by the low annual contract rates that had already been agreed, advised Mr Skou, last week.And the non-reporting carriers, such as Hamburg Sud and MSC, are not immune from the current malaise blighting the industry, a source from the latter told The Loadstar last week.“MSC does not have a silver bullet”, said the source, admitting “we are suffering like the others”.More aggressive cost-cutting, including new pressure on terminal costs, consolidation and the development of bigger alliances, are the only tools left in the box for an industry on its knees – and arguably the architect of its own demise. By Mike Wackett 15/08/2016last_img read more

NIH and opioid response get boost in Senate budget deal

first_img STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Tags Congressopioidspolicy Lev Facher GET STARTED Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Politics By Lev Facher Feb. 7, 2018 Reprints What is it? Washington Correspondent Lev Facher covers the politics of health and life sciences. WASHINGTON — Senate leaders on Wednesday announced a bipartisan budget agreement that would increase funding for the National Institutes of Health by $2 billion and raise spending meant to address the opioid and mental health crisis by $6 billion over the next two years.The White House endorsed the agreement during its announcement on the Senate floor. The House is likely to pass it with few changes, staving off another government shutdown or continuing spending resolution that had loomed if no agreement was reached.center_img @levfacher Lydia Polimeni/NIH Log In | Learn More What’s included? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. NIH and opioid response get boost in Senate budget deal [email protected] About the Author Reprintslast_img read more

Sadness following passing of former Laois hurling manager

first_img TAGSBrendan Fennelly Sadness following passing of former Laois hurling manager By LaoisToday Reporter – 1st August 2019 GAA WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Twitter Previous articleLaois Councillor questions the need for 62 new houses in StradballyNext articlePower outrage affecting more than 3,000 people in Laois LaoisToday Reporter Facebook GAA center_img Here are all of Wednesday’s Laois GAA results Twitter “Reposing at his residence (R95 K516) on Friday (August 2nd) from 2pm to 9pm. Funeral arriving at St. Eoghan’s Church, Kilmoganny for Requiem Mass on Saturday morning at 11am.“Burial afterwards in Kilmoganny Cemetery. Family flowers only. Donations, if desired, to L’arche Community Kilmoganny.”SEE ALSO – Our first football Team of The Week of 2019 following opening round of championship Former Laois manager Brendan Fennelly There is deep sadness following the sad passing of a former Laois senior hurling manager.63-year-old Kilkenny native Brendan Fennelly died yesterday.The Ballyhale clubman is a member of the famous Fennelly hurling dynasty, he enjoyed a successful playing career at club level with Ballyhale Shamrocks and at inter-county level with Kilkenny.He was a forward with the Kilkenny minor, under-21 and senior teams in the 1970s and collected All-Ireland medals at under-age levels. Fennelly was also an All-Ireland medal-winner at club level with Ballyhale.In retirement from playing Fennelly became involved in team management at all levels. He served as manager of the Carlow senior inter-county team in the late 1990s while also having spells with the Dunnamaggin, De La Salle and Carrickshock clubs.Following the resignation of Niall Rigney, Fennelly became manager of the Laois senior hurling team from 2010 until 2011.Brendan’s death notice is as follows:“Brendan will be sadly missed by his loving wife Breda, sons Niall, Kieran and Conor, his daughter Shauna, brothers Michael, Ger, Kevin, Sean, Liam and Dermot, sisters Teresa and Monica, mother-in-law Moira Hickey, brothers and sisters-in-law, nieces, nephews, friends and relatives. Pinterest Facebook GAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Home Sport GAA Sadness following passing of former Laois hurling manager SportGAAHurling 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

JOB VACANCIES: LOETB seeking applicants for a number of roles

first_img WhatsApp By LaoisToday Reporter – 17th September 2019 Pinterest Facebook Twitter JOB VACANCIES: LOETB seeking applicants for a number of roles GAA Twitter GAA Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR WhatsApp Previous articleLISTEN: An apology to Castletown and Ballyfin, a new guest and a crazy weekend of football – it’s all in the LaoisToday PodcastNext articleLaois GAA put forward hurling and football management teams for 2020 LaoisToday Reporter Home Jobs JOB VACANCIES: LOETB seeking applicants for a number of roles Jobs TAGSLOETB GAA Here are all of Wednesday’s Laois GAA results Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Applications are invited from suitably qualified persons for the following:Apprenticeship Electrical Instructor Cover Panel for 2019/20School Attendant (Cleaner) – Tullamore College (Fixed Term Contract 10 hours)Applications in respect of the above posts must be made on the appropriate application form which is available to download from www.loetb.ieClosing date for receipt of applications is 12 noon, Friday, September 27.Shortlisting of candidates may take place.  Late applications will not be accepted.Laois and Offaly ETB is an Equal Opportunities Employer.  Canvassing will disqualify.Grade VI FinanceApplications in respect of the above post must be made on the appropriate application form which is available to download from www.loetb.ieClosing date for receipt of applications is 12 noon, Monday 30 September 2019.Shortlisting of candidates may take place.  Late applications will not be accepted.Laois and Offaly ETB is an Equal Opportunities Employer.  Canvassing will disqualify.SEE ALSO – Check out the dedicated jobs section on LaoisToday.ie 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

Bi-annual ‘Towns Cup’ golf competition raises €7,000 for the Cuisle Centre

first_img Previous articleOn the London Frontline: Laois nurse on her Covid-19 experience and how vaccination is the light at the end of the tunnelNext articlePublic bodies should attend municipal meetings, argues local councillor Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. WhatsApp Facebook By Alan Hartnett – 4th January 2021 Twitter Electric Picnic Electric Picnic Pinterest Bi-annual ‘Towns Cup’ golf competition raises €7,000 for the Cuisle Centre Electric Picnic organisers release statement following confirmation of new festival date Facebook Home News Community Bi-annual ‘Towns Cup’ golf competition raises €7,000 for the Cuisle Centre NewsCommunity WhatsApp Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival RELATED ARTICLESMORE FROM AUTHOR Electric Picnic The third staging of the bi-annual ‘Towns Cup’ golf competition has raised €7,000 for the Cuisle Centre in Portlaoise.Every second year, 24 golfers from Portlaoise battle it our Ryder Cup style for the honour of claiming the Towns Cup trophy.Hosted in Portlaoise Golf club, players are between the North side of the town and the South side, with Main Street being the dividing line.One of the organisers of the competition, which took place before the Covid-19 restrictions came into force this year, Jack Fennell, explained how the group chose the Cuisle Centre.He said: “As the idea developed we started to think about hosting the event in aid of a local charity. Twitter Electric Picnic apply to Laois County Council for new date for this year’s festival Pinterest “We were unanimous in our decision to pick the Cuisle Centre Portlaoise as the benefactor.“One of our close friends parents who sadly passed away, used those facilities and had great help and support from the wonderful staff that worked there.“We got to see first hand the great work they do there and wanted to give something back if we could. It’s a sad reality that a lot of the lads involved in this event know someone who has used the facilities in the Cuisle Centre. So we set up the WhatsApp group and the thumbs up symbol came flying in.”The success of the event has grown over the years and despite Covid-19, the group managed to raise more money than ever before.Jack said: “It started in 2016 when we raised €3,318 and held again in 2018 when we raised €4,179.“We knew it would be tough this year with COVID to raise money but we set an ambitious target of €5,000.“We made the decision this year to not ask local businesses for financial donations given the tough year they have experienced with COVID -19.“So to supplement that shortfall we set up a GoFundMe page with a target of €500 (we hit that target within a week) and we asked each player to collect €150 in sponsorship as opposed to €100 in previous years.“We had 24 lads involved this year in true Ryder Cup style and we tasked each man to collect a minimum of €150 each. I have to give a lot of credit to them all as we had €6,522 collected up to just before we teed off that morning.“As I mentioned before, we hadn’t approached businesses this year so it was a great achievement from them all to get that level of sponsorship.”Team Captains for the event were South Side (Blue Team) – Leon McDonald and North Side (Red Team) – Michael Dowling.The last two events have been won by the South and by a good margin as well but the North were winners this time – 8-4.Jack added: “None of this would have been possible without the help and use of the facilities from Portlaoise Golf Club.“It’s where we want to host the event going forward as they have been brilliant and very accommodating.“We also had all of our gear that you can see from our pictures sponsored by DS Sports and Druids Golf. None of these required funding from us so any money we collected was donated directly to the Cuisle Centre.“Linesight contacted us to donate another sizable amount which they have done in every event so far which was a good boost to our total figure.“We also had prizes sponsored on the day from Mulhalls Supervalu in Portlaoise, Ray Dowling Electrical, Egans Off License and The Style Bar Portlaoise.“Patrick Ryan Photography again offered to take photos of the day free of charge.There was a great buzz around the course on the day and other members of Portlaoise Golf Club that were out playing would ask how the scores were going as the rounds came to a close.“They had a great interest in the whole thing, so much so that when they heard our total figure, the men and women’s committee of the club advised that they would donate €478 so that we could reach a total figure of €7,000.“Such a kind gesture from them which we were delighted with. The Towns Cup will take place again in December 2022 – Hopefully.“Thanks also to James Furlong and Michael Dowling who organised the event alongside myself.”SEE ALSO – Portlaoise Hospital delivers two of Ireland’s first babies of 2021last_img read more

Surviving exporters of financial crisis must grow operations, Poloz says

first_img Related news Keywords ExportsCompanies Bank of Canada Higher oil prices helped narrow Canada’s trade deficit to $4.2B in January Share this article and your comments with peers on social media Purchase of three icebreakers turns Canada’s August trade surplus into a deficit Bank of Canada governor Stephen Poloz says he’s not expecting a recovery by Canadian exporters that succumbed to the financial crisis, but he remains optimistic replacements will eventually step up to fill the void. For it to happen, Poloz is counting on companies that pulled through the turmoil to expand their operations and for the emergence of new exporting firms. center_img Andy Blatchford Canadian trade deficit grew in October “Canada’s export sector not only cut back on production and laid off workers, many companies restructured, many simply disappeared,” Poloz said in prepared remarks of a speech he delivered to the Canadian Council for Public-Private Partnerships in Toronto. “When companies downsize, relocate or close their doors, the effects on the economy are permanent. Those specific lost exports will not recover.” Poloz highlighted recent Bank of Canada data that found exports from more than 500 underperforming, non-energy categories tumbled in value by more than 75 per cent since 2000. The sale of those products, the bank said, would have added $30 billion worth of exports last year had they instead grown along with foreign demand over that period. The central banker’s address also touched on some of the “headwinds” Poloz believes are holding back the global economic recovery, such as the presence of uncertainties like market volatility, geopolitical problems and companies still hobbled by the crisis. Poloz told a news conference after his speech that he’s still expecting bump in new export businesses. “We have been creating new companies, but, net, the population of companies seems not to have begun to rise yet,” he said in response to a question about his “serial disappointment” while waiting for Canadian exports to re-emerge. “So, a true, self-sustaining recovery will have that characteristic: growth in the population of companies. And many of them will be exporting companies and they will be the ones that fill that bucket back up again… “I think that just requires more patience than I thought.” The Bank of Canada estimates it will take two years for the Canadian economy to reach full capacity, Poloz said. His speech also pointed to how the crisis inflicted long-lasting, negative effects on Canada’s labour market, pushing the job-creation rate well below what should be expected from a healing economy. The consequences have included little change in total hours worked while more than 900,000 part-time workers in Canada are hoping to find a full-time position, he said. Meanwhile, he said some 200,000 young people are out of work, underemployed or back in school trying to improve their employment prospects. “I bet almost everyone in this room knows at least one family with adult children living in the basement,” said the prepared speech. “I’m pretty sure these kids have not taken early retirement.” Poloz said he’s confident, however, that the damage to Canada’s job-market can recover over time, as the expected demand for exports grows and uncertainty about the future fades. “The good news is that these destructive effects should be reversible over time,” said Poloz. Last month, the Bank of Canada’s monetary policy report warned the bulk of Canadian economic activity must start moving from the households to business investment and exports. The report cautioned about the “renewed vigour” it detected in the housing market and consumer spending since the summer, due to the central bank’s low trendsetting interest rate. The Bank of Canada has maintained its key interest rate at one per cent for more than four years. In Monday’s speech, Poloz offered an explanation why companies have so far been hesitant to make investments, even as the economy shows signs of gaining traction. “In this uncertain economic climate, companies actually feel like they are taking a lot of risk,” he said. “And until the recovery is more certain, especially in export demand, for many, it is too risky to expand their businesses.” In a report released Monday, The Conference Board of Canada predicted sunnier days ahead for Canadian exports — an improvement it predicted would encourage business investment and more hiring in the new year. It found Canada’s trade sector had been performing better thanks to boosts from the stronger U.S. economy and the weaker Canadian dollar. The Conference Board found exports “increased sharply” in this year’s second quarter and approached pre-recession levels. “The outlook for Canada’s trade sector is bright,” said the Conference Board’s autumn outlook. “After acting as a drag on overall economic activity in recent years, the sector is set to be a driver of economic growth, at least in the short term.” The report predicted the growth of Canada’s real gross domestic product to rise to 2.6 per cent in 2015, improving on this year’s increase of 2.2 per cent. Facebook LinkedIn Twitterlast_img read more

EU Provides $630 Million in Support for Banana and Plantain Farmers

first_imgEU Provides $630 Million in Support for Banana and Plantain Farmers UncategorizedJanuary 30, 2008 RelatedEU Provides $630 Million in Support for Banana and Plantain Farmers RelatedEU Provides $630 Million in Support for Banana and Plantain Farmers RelatedEU Provides $630 Million in Support for Banana and Plantain Farmerscenter_img Advertisements FacebookTwitterWhatsAppEmail The Government and the European Union (EU) on (Jan. 29) signed a $630 million agreement aimed at providing assistance for the island’s banana and plantain farmers.Minister of Agriculture, Christopher Tufton and Head of the European Commission in Jamaica, Marco Mazzocchi Alemani, signed the agreement at the Ministry’s headquarters at Hope Gardens.Of the funding provided, $222 million will go towards a hurricane assistance programme, while $408.9 million will be used to support a rural diversification programme in six banana-growing parishes.Under the hurricane assistance programme, which will be implemented through the EU Banana Support Programme, support will be provided to plantain and banana farmers, who were affected by Hurricane Dean in August last year. The funds will be used to purchase fertilizer, fungicides and orchard oil.According to Minister Tufton, approximately 1,047 farmers, who cultivate some 2,588 hectares of bananas and plantains were affected by the hurricane, and under the project, 90 per cent of farms will be rehabilitated benefiting some 940 farmers, who had already qualified through a pre-determined criteria.He explained that the money would be distributed by the Banana Trading Company Limited and would be disbursed to the affected farmers whose “damage has been verified, and those who have started rehabilitating their fields as an indication of their intention to remain in banana production.”The programme aims to provide support for the full recovery of the banana industry including local producers. It will also facilitate the early resumption of exports and provide targeted support to export growers so as to exploit the fair trade labelling organization’s niche market that pays premium prices.In the meantime, the remaining $408 million will finance a rural diversification programme in the traditional banana growing parishes of Portland, St. Thomas, St. Mary, Clarendon, St. James and St. Catherine.“This is expected to provide alternative livelihoods and stimulate economic growth in these communities,” Dr. Tufton said. The Rural Agricultural Development Authority (RADA) will administer the programme.Additionally, he pointed out that the Ministry has identified a number of projects in the livestock, fisheries and protected cultivation sectors that are being considered for support. This support, he noted, included the provision of technical and administrative backing, training and re-training of clients in the target communities and marketing support.Mr. Alemani, in his remarks, pointed to the need for long-term strategies to effectively deal with the recurring hurricane damage in the local banana industry.“I strongly recommend that some of the remaining EU Banana Programme resources are used to help farmers and the industry to develop alternative mechanisms for coping with hurricanes in the future,” he suggested.last_img read more

Port Security Corps Adds to Cadre of Officers

first_imgRelatedPort Security Corps Adds to Cadre of Officers RelatedPort Security Corps Adds to Cadre of Officers Advertisements Port Security Corps Adds to Cadre of Officers UncategorizedAugust 1, 2008center_img FacebookTwitterWhatsAppEmail Forty two Port Security Officers have been added to the existing cadre of officers employed by the Port Security Corps, as part of continuous efforts to strengthen the security capabilities at the nation’s ports.A graduation ceremony for the security officers, representing Batch 107 of the Port Security Corps, was held recently at the Corps’ downtown Kingston offices.Chief Executive Officer of the Police Civilian Oversight Authority, Richard Black, who was the guest speaker at the function, urged the officers to be vigilant and uncompromising in their efforts to protect the nation’s ports and by extension the citizens of Jamaica.“Our air and seaports are the gateways to our nation. You are therefore going to be the first line of defence for this country; nothing should break that line,” Mr. Black stated. He notified the officers of the increasingly clever tactics of criminal masterminds, whom he said, are consistently developing techniques to undermine the nation’s security system. “You need to develop that nose that senses that something is wrong,” he urged.Mr. Black noted that the drug and ammunition trade in Jamaica has become interminable, with the proliferation of illicit arms and drug trafficking proving quite harmful to the nation’s national security. This, he said, has vastly contributed to Jamaica’s spiralling crime problem, where gangs are fighting turf wars and are turning on law abiding citizens.“Jamaica really needs you to play your part in stemming the tide of some of the ills that are affecting us. Your duties are many, but your responsibility is mainly one to protect and defend our nation,” he pointed out.Mr. Black implored the graduates to exercise professionalism, self control and courtesy, elements of good security, in executing their daily duties. He also warned them to guard against unscrupulous characters, who will try to manoeuvre or bribe them into turning a blind eye to illicit activities.“A weapon allowed in the country because of orchestrated negligence can be the same one that is used to separate you from the “little smalls” or take the life of a family member,” he warned, noting that a lot of the problems Jamaica faces today, is as a result of those who compromised their integrity and that of the nation’s security system.“It’s not just a work. Consider it as entering a profession and making a commitment to doing it right and doing it well,” he emphasized, adding, “the bottom line is that integrity is not something that can be taught; it is a conscious choice that you have to make. It is a personal choice.”The graduation ceremony signalled the officers’ completion of four weeks of an intensive 12-week training programme in areas such as industrial safety, maritime security, police procedures, public relations, aviation security, access control, observation theory, arrest procedure, statement and report writing, as well as recognition of explosive devices.The assessment of the officers will continue with the deployment of 32 officers to the Norman Manley International Airport, seven to APM Terminal and three to the Kingston Free Zone.The Port Security Corps was incorporated in 1989 to safeguard all publicly owned ports and airports throughout Jamaica. Its main objectives include preventing unauthorized access to restricted areas of air, seaports and all other locations and preventing the entry and exit of contraband in and out of the island and creating an atmosphere conducive to the safety of workers, passenger vessels, air craft and all legitimate port users. RelatedPort Security Corps Adds to Cadre of Officerslast_img read more