Centum Investment Limited (CTUM.ke) 2014 Annual Report

first_imgCentum Investment Limited (CTUM.ke) listed on the Nairobi Securities Exchange under the Investment sector has released it’s 2014 annual report.For more information about Centum Investment Limited (CTUM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Centum Investment Limited (CTUM.ke) company page on AfricanFinancials.Document: Centum Investment Limited (CTUM.ke)  2014 annual report.Company ProfileCentum Investment Limited is an equity firm specialising in investing in areas of growth, developmental capital and buyouts and seek to make equity investments between US$2 and US$20 million. The company invests in enterprises in the agricultural, education, healthcare, energy, financial services, insurance, information and communication technology, food and beverages, catering, automotive, publishing, real estate, power and FMCG sectors. In the beverage sector, it invests in businesses manufacturing alcoholic and non-alcoholic beverages and carbonated soft drinks. These companies operate in and serve the needs of domestic markets in Africa sub-regions. In most private equity investments, it prefers to acquire a controlling and significant minor stake in the company. The head office of Centum Investment Company is in Nairobi, Kenya. Centum Investment Limited is listed on the Nairobi Securities Exchangelast_img read more

St. Vincent Place Residence / Coy Yiontis Architects

first_img “COPY” ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/935724/st-vincent-place-residence-coy-yiontis-architects Clipboard 2019 CopyApartments•Melbourne, Australia Keith Long & Associates Architects: Coy Yiontis Architects Area Area of this architecture project Australia “COPY” CopyAbout this officeCoy Yiontis ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsMelbourneOn FacebookAustraliaPublished on March 24, 2020Cite: “St. Vincent Place Residence / Coy Yiontis Architects” 24 Mar 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogBathroom AccessorieshansgroheBath & Shower ThermostatsGlass3MGlass Finish – FASARA™ NaturalPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WindowsVitrocsaSliding Window – Mosquito NetSinksBradley Corporation USASinks – Verge LVG-SeriesMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassMetal PanelsLongboard®Aluminum Battens – Link & Lock – 4″Sports ApplicationsPunto DesignPunto Fit in Ekaterinburg Public SpaceWoodBlumer LehmannFree Form Structures for Wood ProjectsKnobsKarcher DesignDoor Knob K390 (50)TablesVitsœ621 Side TableMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Projects St. Vincent Place Residence / Coy Yiontis ArchitectsSave this projectSaveSt. Vincent Place Residence / Coy Yiontis Architects Year:  Photographs Photographs:  Peter Clarkecenter_img Builder:Giovanni ManganoBuilding Surveyor:CH Group Pty LtdLand Surveyor:Adshead & Mcquie Pty. LtdLandscape Architect:Luke RablSwimming Pool:Aloha PoolsCity:MelbourneCountry:AustraliaMore SpecsLess SpecsSave this picture!© Peter ClarkeRecommended ProductsUrban LightingLouis PoulsenStreet Lighting – Post TopsWoodBlumer LehmannFree Form Structures for Wood ProjectsWoodGustafsWood Veneered Wall & Ceiling PanelsPorcelain StonewareGrespaniaPorcelain Tiles- CoverlamText description provided by the architects. St Vincents Place afforded Coy Yiontis Architects the rare opportunity to revisit a previous project, through the second owner – a client sympathetic to the original plan’s intent and the architect’s uncompromising commitment to highest-quality execution. Situated on one of Melbourne’s most coveted heritage streets, the 2010- completed house was a contemporary build that replaced a rundown 1930s dwelling.Save this picture!© Peter ClarkeApprovals were hard-fought and won, culminating in a ruling against council and heritage opposition. Fast-forward a number of years, and the new owner engaged CYA to reconfigure and update the interior. What began as an enlargement of the garage to accommodate the client’s prestige vehicle collection – now on impressive showcase to the dining area via a glazed portal – evolved into an extensive renovation.Save this picture!© Peter ClarkeSave this picture!First floor planSave this picture!© Peter ClarkeThis was due in part to the discovery that the architects’ original specification and detail had not been adopted, and the build quality had been compromised (the architect had not been engaged to manage the construction). Opportunities to reinstate features from the original design such as custom ceiling windows arose. Newly installed light shafts now create the intended atmosphere; dramatic in effect and spectacularly emphasising the marble-clad interiors. Minimalist design, atmospheric light and Japanese-style landscaping had always driven design decisions and were allowed to continue to do so.Save this picture!© Peter ClarkeThe interior concept communicates a strong relationship between the interior and exterior; this idea is vitalised by the application of aether marble and fallow granite both inside and out. Similar in grey tone and veined texture, the stone merges beautifully with the surrounding landscape, and sits comfortably alongside an intentionally restrained base palette. A subtle interior scheme comprising the grey marble and dark European oak joinery and flooring is enhanced by careful, sophisticated detailing and minimalist fixtures and fittings, like brushed chrome tapware.Save this picture!Section BBThe renovation’s intentionally controlled aesthetic allows the landscape to be the focal point from the interior of the house. The floorplan remained organised around the central north-facing courtyard, which was always intended as the focal point of the home. It is foremost an entertaining space for the client – a space for gathering friends and family yearround. Finally able to capitalise on the area’s potential, the architects set to work celebrating and maximise its lustrous atmosphere, including the introduction of a spa and rejuvenation of the swimming pool.Save this picture!© Peter ClarkeProject gallerySee allShow lessD House / KIENTRUC OSelected ProjectsSaint Stephen of Hungary School / HMA2 architectsSelected ProjectsProject locationAddress:Melbourne Victoria 3004, AustraliaLocation to be used only as a reference. It could indicate city/country but not exact address. Share Save this picture!© Peter Clarke+ 38Curated by Paula Pintos Share Engineer Civil: Apartments George Yiontis, Kerry Kounnapis ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/935724/st-vincent-place-residence-coy-yiontis-architects Clipboard Keith Long & Associates Engineer Structural: Light Project Lighting: Lead Architects: St. Vincent Place Residence / Coy Yiontis Architects Area:  360 m² Year Completion year of this architecture project last_img read more

Trade Essential for U.S. Beef and Poultry Markets in 2017

first_img An analyst with Rabobank says “all roads lead to China” when describing the potential for the U.S. poultry sector’s success in 2017. At the National Chicken Council annual meeting last week, Will Sawyer said trade with China would be critical to the success of the U.S. poultry sector next year, while another analyst said trade was the key to the U.S. beef sector. Expected increases in supplies and decreased prices of chicken, beef, pork and grain had a panel of analysts at the meeting thinking along the same lines. Their expectations were more or less in line with USDA forecasts for 2017 compared with 2016.Sawyer’s enthusiasm for the Chinese market for U.S. chicken comes as China’s poultry production is expected to decrease by 10 to 15 percent in 2017 from 2016.Source: NAFB News Service By Hoosier Ag Today – Oct 31, 2016 SHARE Home Indiana Agriculture News Trade Essential for U.S. Beef and Poultry Markets in 2017 Facebook Twitter Previous articleProof Trade Really Works and Why Know Body Will Believe itNext articleClean Water Indiana Grants Awarded to 34 Counties Hoosier Ag Today SHARE Trade Essential for U.S. Beef and Poultry Markets in 2017 Facebook Twitterlast_img read more

Unloading Inventory

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Print Features The Best Markets For Residential Property Investors 2 days ago Blight Distressed Home Sales Foreclosures Liquidations Print Features 2017-12-20 Kelly Conley Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save About Author: Kelly Conley Previous: Home Mortgage Disclosure Act Rules, Data Security Top Concerns for Lenders Next: Helping Borrowers Understand Foreclosure Prevention Options Tagged with: Blight Distressed Home Sales Foreclosures Liquidations Print Features Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Editor’s note: This story was originally featured in the December issue of DS News, out now.Post-Foreclosure Sale Property InventoriesOver the past years, mortgage servicers have experienced substantial reductions in post-foreclosure sale property inventories given lower levels of nonperforming loans, higher purchase volumes, and stronger employment levels. During this period, servicers have developed and refined various property disposition strategies relative to assets held in portfolio (to be liquidated from servicer REO inventories), as well as assets that will ultimately be conveyed back to insurers or investors for property liquidation after the completion of a foreclosure sale. While the management of liquidation processes may vary from servicer to servicer the end goal is the same–effectuate liquidation strategies and expedite third-party property sales to minimize neighborhood blight and reduce the operational and holding risks associated with distressed-property management. While servicers are charged with appropriately managing property inventories in accordance with investor/insurer requirements regardless of the party that will ultimately liquidate the properties, the liquidation of HUD-insured properties presents added layers of administrative coordination post-foreclosure sale. Servicers with post-foreclosure sale assets that are insured by HUD are charged with conveying properties to HUD (for property liquidation), in acceptable condition or selling to third-party buyers under HUD’s Claims Without Conveyance Of Title (CWCOT) program. Ensuring that properties are in conveyable condition requires tight management of the eviction, title, and property condition remediation processes, so that these properties can be transferred to HUD for liquidation. This conveyance-path process can be costly (for servicers and for HUD) due to various operational and holding risks that can be greatly diminished under successful third-party property liquidation efforts. Given the inherent risks of the conveyance path, the HUD CWCOT third-party liquidation process provides a more cost-effective and less-risky alternative to conveyance. Broad CWCOT Program HighlightsOptimization of the CWCOT program reduces servicers’ post-foreclosure sale property inventories, decreasing the risk of holding and ultimately conveying properties to HUD for property liquidation through successful and qualifying third-party sales. Upon completion of qualified third-party sales, related insurance claims may be filed through HUD to retrieve qualified unpaid principal balance deficit totals as well as reimbursable expenses. Program participation not only reduces the ultimate impact of the FHA insurance fund due to expedited third-party sales, but also mitigates the following risks and costs associated with post-foreclosure sale inventory asset management—relative to qualifying properties and circumstances:Future liability of holding vacant/high-risk propertiesOngoing maintenance and property preservation-related costsOperational/staffing levelsNonclaimable property-preservation costsPotential debenture interest curtailmentsPotential reconveyance volumeProperty liquidation risk to HUDThe CWCOT program concerning third-party sale property liquidation efforts related to HUD-insured properties involves two options—noncompetitive sale and competitive-sale strategies:Noncompetitive Sale Strategy: The sale of HUD-insured properties via noncompetitive sale efforts (through typical third-party foreclosure sales not previously marketed for sale through an auction company) provides servicers with a narrower liquidation strategy as these properties are not generally actively marketed to a wider potential buyer audience. Further, the minimum ‘reserve’ purchase prices as determined through pre-foreclosure sale property values are generally higher than the minimum reserve purchase prices that are established under the competitive-sale property liquidation strategy.  Competitive-Sale Strategy: The sale of HUD-insured properties via competitive-sale efforts through partnership with an auction company significantly broadens the reach of potential buyers given that competitive-sale efforts are coordinated in partnership with auction companies that market properties for a minimum of 15 days prior to auction cycle. The wider reach of potential buyers, coupled with lower minimum sale reserve prices, make the competitive-sale property disposal technique an effective strategy. In the long run, the competitive-sale strategy tends to expand the number of potential buyer bidders, and increase the overall resultant sales prices (thereby reducing the exposure of the FHA insurance fund). The following highlights contribute to the effectiveness of property liquidation through competitive-sale efforts:CWCOT Competitive-Foreclosure Sale ‘FIRST-CHANCE’ Option:Increased CAFMV haircut or minimum sale-price adjustment, reducing the minimum foreclosure-sale property price reserve threshold (attracting more potential third-party bidders as compared to non-competitive sale efforts)Permitted reimbursement of auction company marketing services for up to 5 percent of netsales price per property sold through competitive-sale efforts More limited scope of states and municipalities that allow for competitive bidding at the time of foreclosure saleCorporate contributions allow servicers to accept below-reserve bids in exchange for lender contributions in an effort to achieve quicker property liquidation and avoid additional holding risks/future losses.CWCOT Competitive Post-Foreclosure Sale ‘SECOND- CHANCE’ Option:Increased CAFMV haircut or minimum sale-price adjustment, reducing the minimum post-foreclosure sale property price reserve threshold (attracting more potential third-party bidders as compared to noncompetitive sale efforts)Permitted reimbursement of auction company marketing services for up to 5 percent of net sales price/property sold through competitive sale effortsWide scope of participating states and territories that allow for competitive bidding through second-chance post-foreclosure sale effortsCorporate contributions allow servicers to accept below-reserve bids in exchange for lender contributions in an effort to achieve quicker property liquidation and avoid additional holding risks/future losses.CWCOT Program Inflection PointIn late 2014, when HUD published updated guidance (effective for foreclosure sales scheduled on or after February 1, 2015)around the CWCOT program and competitive-sale benefits, servicers began broadening strategies in an effort to further optimize the program. According to HUD, CWCOT claim submissions now exceed conveyance claim submissions, demonstrating the growth of the CWCOT program across the wider servicing industry. This increase in CWCOT liquidations benefits both servicers and HUD for the various reasons mentioned above. In addition, the program will continue to provide potential buyers with options in an ever- competitive purchase market.  Competitive REO SalesWhile the REO market has contracted over the past years, given overall lower inventory levels, servicers continue to look for ways to efficiently liquidate properties from their own inventories. For many servicers, REO liquidation strategies may also include the use of competitive-sale efforts. In the REO realm, partnering with auction companies allows servicers to more effectively reduce inventories given the reach of the online auction industry (which has grown substantially in the past ten years). Post-Foreclosure Sale/Distressed Asset Inventories—Looking ForwardAccording to Freddie Mac’s September 2017 Housing Outlook, home prices are expected to increase slightly in 2018. Overall, economic conditions are expected to remain strong, further supporting lower post-foreclosure sale and REO property inventories in the near term. Of course, there are those variables that could impact distressed asset inventories.Natural Disaster ImpactsBorrower, servicer, investor, and insurer impacts around Hurricanes Harvey, Irma, Maria, and the wildfires have been and will continue to be at the forefront in terms of homeowner assistance (both financial and physically), damage remediation efforts, and potential downstream exposure. Freddie Mac’s September 2017 Housing Outlook further referenced the potential for increased mortgage delinquencies 3as a result of disaster-related impacts, particularly around those properties that were affected by Hurricane Irma (given lower property equity levels as compared to those properties impacted by Hurricane Harvey). At this stage, potential downstream disaster impacts, including resultant foreclosure activity, are not yet known. Those borrowers that were directly impacted by the natural disasters are still working through FEMA claim filings, surchargeable damage insurance filings, forbearance options, dislocation assistance, and/or potential employer relocation (among other direct and indirect issues resulting from disaster impacts). Therefore, it will take time for the industry to fully understand the extended level of disaster effects related to delinquencies and potential resultant distressed-property inventory levels. Overall, the technological and marketing advances that have grown over the past several years, as well as broader optimization around property-disposition strategies have contributed to servicers’ ability to more effectively manage distressed-asset inventories and ultimately scale as these inventories shift through various market conditions. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Unloading Inventory  Print This Post Related Articles Subscribe December 20, 2017 2,517 Views Unloading Inventory The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

Special needs campaign group says they have been ‘insulted and let down’

first_img Man arrested on suspicion of drugs and criminal property offences in Derry Special needs campaign group says they have been ‘insulted and let down’ WhatsApp WhatsApp Twitter Further drop in people receiving PUP in Donegal Previous articleSenator Jimmy Harte accuses Senator Brian O’Domhnaill of using special needs pre-schools for political gainNext articleDerry Fleadh campsite plans scrapped after locals object News Highland Google+ News 75 positive cases of Covid confirmed in North Twitter By News Highland – July 4, 2013 center_img Google+ The Donegal ‘Let Me Be Me’ group  say they have been insulted and let down by an apparent split amongst two elected representatives on the issue of Donegal’s special needs pre-schools.Labour Senator Jimmy Harte has accused Senator Brian O’Domhnaill of using Donegal’s Special pre-schools for his own political gain and of has described his manipulation of the truth grossly offensive.His comments come after Senator O’Domhnaill claimed Senator Harte and other Fine Gael and Labour reps blocked attempts to hold an emergency debate on the future of two special needs pre-schools in Donegal – that is an accusation Senator Harte rejects.The ‘Let Me Be Me’ group has released a statement expressing  ‘shock and dissapointment’ at the claims.Spokesperson Gina Grant has explained why:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/07/gina1pmLETDOWN.mp3[/podcast] 365 additional cases of Covid-19 in Republic Facebook RELATED ARTICLESMORE FROM AUTHOR Pinterest Facebook Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan firelast_img read more

NW MEP slams Europe’s response to Haiti disaster

first_img WhatsApp News Northwest MEPJim Higgins says Europe has failed Haiti with its slow response after last weeks earthquake.He says that the EU should have had people on the ground immediately after the quake struck so that a co-ordinated plan could have been put in place.The comments come as a 6.1 magnitude aftershock hit this morning 60 kilometres from the capital Port-au-Prince.Speaking at the European Parliament in Strasbourg Jim Higgins said that Europe did not act quickly enough.[podcast]http://www.highlandradio.com/wp-content/uploads/2010/01/hig3.mp3[/podcast] Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Twitter Gardai continue to investigate Kilmacrennan fire Further drop in people receiving PUP in Donegal NW MEP slams Europe’s response to Haiti disaster Pinterest Facebook RELATED ARTICLESMORE FROM AUTHORcenter_img Google+ Pinterest Previous articleDonegal and Derry fair well in ‘Lonely Planet Guide’Next articleWater supply update – Wednesday News Highland Twitter Man arrested on suspicion of drugs and criminal property offences in Derry 75 positive cases of Covid confirmed in North Google+ Facebook 365 additional cases of Covid-19 in Republic By News Highland – January 20, 2010 last_img read more

Calls for army to be brought in to help in vaccine rollout

first_img Pinterest Journey home will be easier – Paul Hegarty WhatsApp Irish Rural Link is calling for the army to be brought in to help in the vaccine rollout, if needed.There are concerns there may be difficulties bringing vaccines, which have been approved for the over 70s, to remote areas due to the cold storage requirement.The HSE is examining ways to ensure people living in rural Ireland get the jab.Chief Executive of Irish Rural Link, Seamus Boland says the latest developments are causing a lot of anxiety:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2021/02/boland1p.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp By News Highland – February 5, 2021 Twitter Harps come back to win in Waterford Google+ AudioHomepage BannerNews Derry draw with Pats: Higgins & Thomson Reaction Twittercenter_img Pinterest Calls for army to be brought in to help in vaccine rollout Previous articleThree Carndonagh students crowned 2020 Junk Kouture winnersNext articleClaims HSE is refusing to sanction extra home help hours in Donegal News Highland DL Debate – 24/05/21 Facebook RELATED ARTICLESMORE FROM AUTHOR Facebook Google+ FT Report: Derry City 2 St Pats 2 News, Sport and Obituaries on Monday May 24thlast_img read more

Corbitt eager to begin work at PCHS

first_imgLatest Stories Corbitt acknowledged that the coronavirus pandemic has and will continue to present new challenges in accepting and moving ahead “within the new normal.”Corbitt said he will continue to live in Dothan where his wife is employed by the Dothan City School System. His son, 25, is in banking and his daughter, 18, is a 2020 high school graduate. You Might Like Plans underway for historic Pike County celebration Being a part of that village will be a huge part of being principal of Pike County High School and Corbitt said he welcomes the opportunity and looks forward to it.“I put God first in everything so being a servant leader is a calling of mine as is working with young people,” Corbitt said. “I am dedicated to doing everything I can to ensure our students are successful in school, in the workplace and in life.” Remember America’s heroes on Memorial Day Corbitt eager to begin work at PCHS Book Nook to reopen By Jaine Treadwell Published 8:20 am Friday, May 29, 2020 By The Penny Hoarder Penny Hoarder Issues “Urgent” Alert: 6 Companies Are…center_img Skip Print Article Dr. Charles Corbitt, Jr. will join the leadership team of the Pike County School System on June 1 as principal of Pike County High School. And, Corbitt is anxiously awaiting that day.“I am very excited about the opportunity that awaits me at Pike County High School and the confidence Dr. Mark Bazzell and the Pike County Board of Education have shown in me,” Corbitt said. “Dr. Bazzell is a strong leader and requires and maintains high expectations for the staff and students. I am looking forward to being a part of the Pike County School System.” Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Prior to accepting the position as PCHS principal, Corbitt was principal of PASS Academy in Dothan. He has 16 years of administrative experience and 21 years of experience overall.As a graduate of Troy State and having taught and coached at Charles Henderson High School for a year, Corbitt said he is familiar with the Pike County area and looks forward to being a contributing member of the community at large and the City of Brundidge specifically.“Relationships are most important,” Corbitt said. “I am looking forward to creating and maintaining relationships with the students, parents and the community leadership. It is said that it takes a village to raise a child.” Sponsored Content Troy falls to No. 13 Clemson ‘The one we can always count on’ The show committee of the Pike County Memorial Day Blowout took time out from the steer and heifer show on… read more Pike County Sheriff’s Office offering community child ID kits Email the authorlast_img read more

Computer firm reduces costs with e-learning

first_imgRelated posts:No related photos. Computer firm reduces costs with e-learningOn 12 Nov 2002 in Personnel Today Computer firm Dell has halved staff training costs and improved access bymoving to e-learning. The company’s 8,500 staff are spread over 23 European countries – makingtraditional classroom-based training sessions difficult and expensive. Simon Palmer, training and HR operations manager at Dell, said it used tocost the company almost £20,000 to run a training session, but it is now only£10,000 due to savings on productivity, travel and accommodation. He said:”Using e-learning has reduced costs and increased efficiency. Our staffare based all over Europe and now they do not have to leave their desk toreceive training, whereas before they may have had to travel to another countryand that involves high cost and a loss of productivity.” Training delivered online includes technical job-based training as well asHR-related courses, including sexual harassment and behaviours training. It also allows the HR and training team to measure the success of thetraining. Despite the massive savings, the company only delivers 60 per cent ofits training online as it believes that not all training is as effective viathe internet. www.euro.dell.com Comments are closed. Previous Article Next Articlelast_img read more

Hotel owners ask NY for break on tax penalties

first_imgFull Name* Message* Email Address* But neither the city nor state government is hurting anywhere near as much as hotels. Citing a Manhattan Lodging report, the Hotel Association says about 61,450 Manhattan hotel rooms, representing 58 percent of total inventory, are closed. Occupancy at those still open has been hovering around 40 percent for months, and industry revenue is down 80 percent.A spokesperson for the industry group said the vast majority of hotels in the city cannot pay their property tax bills. Thus, according to the spokesperson, suspending interest payments will not cost the city revenue at the moment because it is not receiving payments anyway. The budget for the ad campaign is in the seven figures.Thanks to a big year for Wall Street and pandemic aid from Congress for individuals and businesses, city and state tax revenue has fallen by less than was expected when Covid shutdowns cost the city nearly 1 million jobs. But business travel and tourism remains moribund, and many hotels have turned to housing the homeless.Vijay Dandapani, president of the industry group, said, “We are not asking for a tax break or a handout. We are merely asking not to be penalized for late tax payments so that we can keep our doors open and keep workers employed.”If the request were granted, it is not clear whether hotels would be required to stay open to receive the break, or whether hotels that have been closed during the pandemic would be eligible.The City Council last year passed a bill giving smaller commercial properties — but not hotels — a break on interest for overdue property taxes.Contact Erik Engquist Vijay Dandapani, president & CEO, Hotel Association of New York City (Getty)Hotel owners are hurting, but they have scraped together some coin for an ad campaign to rally New Yorkers to their cause: a break on property tax penalties.It’s a modest request, by pandemic standards. The Hotel Association of New York City wants the city to stop charging 18 percent interest on overdue property taxes during the pandemic.The city has its own fiscal problems, of course. Mayor Bill de Blasio just presented a $92.3 billion budget that closes a $5.3 billion deficit, and has been seeking $9 billion in federal aid. Gov. Andrew Cuomo, for his part, wants $15 billion from Washington.Read moreRoosevelt Hotel in Midtown closing permanentlyW Hotel Downtown closes foreverCourtyard by Marriott in Herald Square shuts and will not reopencenter_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink TagsHotelsPoliticslast_img read more