Equity Bank Group Limited (EQTY.rw) Q12018 Interim Report

first_imgEquity Bank Group Limited (EQTY.rw) listed on the Rwanda Stock Exchange under the Banking sector has released it’s 2018 interim results for the first quarter.For more information about Equity Bank Group Limited (EQTY.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the Equity Bank Group Limited (EQTY.rw) company page on AfricanFinancials.Document: Equity Bank Group Limited (EQTY.rw)  2018 interim results for the first quarter.Company ProfileEquity Bank Group Limited is a leading financial institution based in Kenya which offers products and services to private individuals and small-to-medium enterprises, and the corporate banking market. It operates in six geographical markets; Kenya, Uganda, South Sudan, Rwanda, Tanzania and the Democratic Republic of Congo (DRC). The consumer division targets salaried customers or customers who receive regular remittances, such as a pension. The SME division provides financial solutions for working capital needs, property development and acquisition of assets. The corporate division targets large enterprises offering products and services that range from equity, mortgage and asset finance loans to trade finance, development loans and business loans. Formerly known as Equity Bank Limited, the commercial bank is a wholly-owned subsidiary of Equity Group Holdings Limited. Equity Bank Group Limited is listed on the Rwanda Stock Exchangelast_img read more

No savings at 50? 2 FTSE 100 dividend stocks I’d buy for a passive income

first_imgNo savings at 50? 2 FTSE 100 dividend stocks I’d buy for a passive income If you’ve hit age 50 and don’t have any retirement savings, then you might be understandably worried. The good news is it’s not too late to turn things around and build a passive income to help fund your retirement.At this age, I’d focus on dividend stocks, not growth stocks. To enjoy big gains from growth stocks, you often have to sit tight for years, during which you may not receive any income. This isn’t ideal in retirement.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…By contrast, dividend stocks provide regular income and much greater protection from market crashes — most of the time, dividends are paid reliably, even during bear markets.Stock 1: A ‘boring’ 6.5% yieldAfter years of poor performance, the Royal Bank of Scotland Group (LSE: RBS) share price seems to be on the up again. Will it be another false dawn, or will new boss Alison Rose deliver the sustainable profits investors have been waiting for?I don’t know the answer for sure, but my view is that 10 years after the financial crisis, banks are finally ready to move on. Over the last couple of years, most of the legacy and misconduct issues faced by RBS have been resolved. The last big problem was PPI, but although final claims were higher than expected, this book is now closed.The bank’s underlying performance has also been improving. Underlying return on tangible equity — a measure of profitability — rose to 7.5% during the first half of 2019, compared to 5.3% in 2018. Although 7.5% remains well short of the bank’s 12% target, things seem to be moving in the right direction.The RBS share price has already risen by more than 25% since hitting a low of 182p last August. But at the last-seen level of about 230p, the shares still trade at a 20% discount to their tangible book value of 290p. If profitability continues to improve, I’d expect this discount to close, lifting the stock towards the 300p level.Broker forecasts suggest the shares will provide a dividend yield of 6.5% this year. This payout looks affordable to me. I rate the shares as an income buy at current levels.Stock 2: An unloved cash machineInvestors have been predicting the decline of tobacco stocks such as British American Tobacco (LSE: BATS) for at least 20 years. But so far these gloomy predictions have been proved wrong.Although global smoking rates are falling, a number of big mergers have taken place to enable companies to protect the big economies of scale they enjoy. BAT has been at the heart of this process. In 2017, the UK group spent $49.4bn to buy the remaining 58% of Camel owner Reynolds American that it didn’t already own.This monster deal resulted in a pretty big debt hangover. But the BAT share price has started to recover over the last year. Trading remains stable and the group generated an operating margin of 38% last year.It also generates a lot of surplus cash. BAT’s latest trading update confirmed debt reduction was “in line with our guidance” and predicted that revenue growth for 2019 would be 3-5%.My analysis of the firm’s accounts suggests the 6% dividend yield should be fairly safe. Although some investors have ethical objections to tobacco stocks, I think it’s hard to deny the appeal of this business as an income investment. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Roland Head Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Roland Head owns shares of Royal Bank of Scotland Group. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. Enter Your Email Addresscenter_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Roland Head | Saturday, 18th January, 2020 | More on: BATS NWG last_img read more

I think it’s worth buying BT shares now

first_img See all posts by James J. McCombie James J. McCombie owns shares in BT group. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Network issuesBT wrote off £530m of assets after the January 2017 discovery of dodgy accounting in its Italian operations. It also had to pay around £225m to avoid potential litigation from the former owners of EE, the mobile network it bought in January 2016. Although revenue jumped from £19bn in 2016 to £24bn in 2017, the first full accounting year with EE on board, profits fell from £2.5bn to £1.9bn. That had a lot to do with those write-downs and other items.BT appointed a new CEO in January 2019, who was tasked with returning BT to “national champion” status. Sprucing up high-street stores and returning customer call centres to the UK should help. BT is recruiting an army of tech experts and engineers to advise customers and upgrade networks to full-fibre and 5G.These plans will cost a lot of money. Analysts are not expecting profits to bounce back any time soon. There have been persistent rumblings of a dividend cut to fund the increased infrastructure investment. BT’s international operations, which are more business-driven, lost money during the financial crisis. They probably will again during the coronavirus crisis. A dividend cut looks likely.With a dividend cut on the cards and profits flat at best over the next few years at least, BT might sound like a share to avoid. However, with the current share price at 118p and last year’s dividend at 15.4p, a hefty cut would still leave a decent yield. Besides, profits are being sacrificed now to invest in infrastructure, which should benefit the company in the future.Increasing bandwidthBT has the UK’s largest fixed-line, broadband, and wireless network, and delivers content through BT Sport, for example. Its scale delivers cost advantages, and there are significant barriers to entry in its industry. BT is ahead of mobile competitors in introducing 5G, and its full-fibre plans, if realised, would give it another competitive edge. Openreach, which owns and operates BT’s fixed-line (including fibre) network is no longer under threat of nationalisation. EE took longer than anticipated to integrate into BT because of ongoing reviews by the UK’s telecoms regulator, but that can happen now.BT has the potential to develop lightning-fast mobile and broadband networks covering a huge chunk of the UK. It can cross-sell and bundle products and offer complete communications service packages to its customers. It can also deliver content to those customers through its networks.Unlocking the potential of its UK consumer base is what I find most exciting about BT stock. However, BT’s enterprise and global divisions should not be overlooked even as their importance has shrunk. They are now focused on higher-margin products, with some exciting tie-ups with tech giants.I believe BT will eventually get its message across, which is why I bought it along with some other shares this month. However, I am prepared for a bumpy ride. James J. McCombie | Wednesday, 22nd April, 2020 | More on: BT-A I think it’s worth buying BT shares now Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” The trailing 12-month dividend yield on shares in BT Group (LSE: BT.A) is around 13%. However, BT shares are only worth about 20% of what they were on January 1, 2016. That yield assumes no cut to dividends, which have remained flat for three years and look likely to be slashed. Nevertheless, I think BT shares are worth buying. The market is overlooking the company’s potential after years of struggle, and a dividend cut would help finance the turnaround.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential… Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Addresslast_img read more

Rally Supporting Law Enforcement at 8 AM Today

first_img The shooting of six law enforcement officers in Baton Rouge LA earlier today has prompted the South Apopka Ministerial Alliance to call the Apopka Community together for a public show of support for law enforcement.Pastor Hezekiah Bradford, President of the South Apopka Ministerial Alliance apologized for the short notice during a hastily-called conference call on Sunday evening. “I know it is short notice, but we cannot wait,” said Bradford. “We do not want to see it happen here.”Apopka Chief of Police Michael McKinley was on the conference call and offered these comments when asked what the community can do to show support for the Apopka Police Department and Orange County Deputies; “Pray for the officers. They are human beings. Apopka is closed-knit community. There has been a great outpouring of support over the past week. People have been dropping off food and cards which are much appreciated by the officers. But we need the community’s prayers.”Bradford went on to say, “We condemn any violence across the country against law enforcement officers.”The rally in support of Apopka and Orange County Law Enforcement Officers will take place tomorrow morning from 8:00 AM to 8:20 AM on the steps of the Apopka City Hall, 120 East Main Street in Apopka. Support conservation and fish with NEW Florida specialty license plate Please enter your comment! The Anatomy of Fear Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Please enter your name here Save my name, email, and website in this browser for the next time I comment. LEAVE A REPLY Cancel reply Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address here TAGSAPDApopka Police DepartmentOCSOOrange County Sheriff’s Office. South Apopka Ministerial Alliance Previous articleMinisterial Alliance Schedules Events to Condemn ViolenceNext articleApopka resident struck by car on I-95 Dale Fenwick RELATED ARTICLESMORE FROM AUTHORlast_img read more

Property industry charity gives £25,000 to homeless women charity

first_imgProperty industry charity gives £25,000 to homeless women charity LandAid, the charity representing the UK property industry, has donated £25,000 to the Marylebone Project, the largest centre in the UK dedicated to meeting the needs of homeless women.The donation was presented on behalf of LandAid by Rob Bould, trustee of the charity and chairman of GVA Grimley’s Capital Markets Group, to Archbishop Desmond Tutu, President of the Marylebone Project.Each year LandAid makes grants or donations to charities or organisations, usually connected with homelessness, that require help with a particular service or project they otherwise would not be able to fund.Its support is divided into two main categories: smaller grants made once a year to projects that require support for a service or facility that would not otherwise get off the ground, and a major project, currently in partnership with Centrepoint, called “Foundations for Life” – a national initiative to provide life skills and real employment opportunities for young homeless people that will enable them to escape the cycle of dependency.www.landaid.org Tagged with: corporate  27 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 12 June 2008 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Workers World Party conference: ‘We’ve achieved much this year’

first_imgEva PanjwaniWW photo: G. DunkelFollowing are excerpts from a welcoming talk given by Eva Panjwani at the Nov. 17-18 Workers World Party conference in New York City. Panjwani is a member of the Durham WWP branch.It would be easy to make our assessment of the year 2012 as a major year of fightback against repression. After all, 2012 is the year of Trayvon Martin and Alan Blueford, two innocent young men of color gunned down in the streets.2012 is the year of the struggle around the arrest of CeCe McDonald, an African-American transwoman harassed, assaulted and imprisoned in Minnesota.2012 is a year of countless austerity measures and cuts. It is the year the student debt bubble passed $1 trillion.The U.S. election cycle yet again put reproductive rights on the chopping block. We see in 2012 the drone strikes on Yemen, and the fresh new attacks on Gaza.It is the year of the superstorm Hurricane Sandy, showing us what happens when a society is structured around profit instead of people’s needs.On the eve of my 25th birthday, I am reminded again of the words of my late father.The night of my 18th birthday, my father told me, “Always be proud of who you are and what you have achieved.” Born in Pakistan to a Burmese mother and a Bengali father with Persian and Indian roots, being proud of who I am has always been about remembering where I come from. Many of my fellow first- and second-generation immigrants know the pressures of working so hard to maintain a model minority or immigrant identity.But there is also an immense pressure to succeed.I often find myself thinking about the last part of my dad’s words. In a capitalist society, success is so often measured by how much money you make, how many letters are behind your name, how much you can assimilate into the hierarchal society. In my third year of college in North Carolina, I lost the funding for my full merit scholarship and have not been in school since that time.Growing up in a family that pushed me to be smart, to be educated, to have a degree, this was a very difficult time for me. I felt aimless, without a family, without a community, without a direction for my future.I felt I had failed my father. I found myself even more drawn to activism and community organizing. Ever since I was in high school, organizing had been an outlet to speak out, to use my voice, to be proud of who I am. All of a sudden it was a source of not just community, but true respect for my experiences, for the work I do, even for my intellect.I started working with the Raleigh chapter of FIST — Fight Imperialism, Stand Together — and became closer with the folks who are now my comrades. I couldn’t be more proud to be a member of Workers World Party, a truly multinational organization with so many role models for a young woman of color.Under capitalism, it was considered a success or an achievement for me to survive, to be able to clothe and feed and house myself.But after studying more seriously alternative models of organizing societies, I now see that we should all be given the tools needed to survive. But also, I see that I have achieved much. I am an organizer, a mentor; I am out and proud of being Muslim and queer; I am in a party that affirms my identity; I have survived homelessness; I have survived nights in domestic violence shelters; I have survived the loss of my father; and I have achieved knowing my purpose, knowing my voice.So when we look back at the year 2012, I ask you to remember the words of Roshan Panjwani, to always be proud of who you are and what you have achieved. This year, our struggle has achieved the inspiring strikes of the Chicago public school teachers, followed by the freedom fighters doing actions at Walmarts. Our Party has been instrumental in challenging the resegregation of Boston schools. We have been at the forefront of public speakouts against police brutality and repression in Baltimore.And this September in Charlotte, N.C., we pulled off one of our Party’s major mobilizations — pouring months of organizing and outreach into helping build the Coalition to March on Wall Street South. In building in the seat of the Southeast financial capital, in an anti-union state, we didn’t just pull off a successful march of over 2,000 people, we woke the sleeping giant of community organizing in Charlotte.Right before the Democratic National Convention, we put on the 1st Annual Marxist School of Theory and Struggle, grounding our work with a revolutionary analysis, while simultaneously building the Party. We have achieved much, and we must be proud of who we are, because who you are is the global movement against capitalism, and who you are is my family.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Opportunism aids imperialist aggression

first_imgIn imperialist Western Europe, North America and the U.S. in particular, a perennial issue is again rearing its ugly head within progressive circles — involving vital support for imperialism and military aggression.As has been the case historically, this support ranges from denial of self-determination for oppressed countries — countries of the Global South — to jingoistic participation in a drive toward war.In mid-2018 it is all too common for such so-called progressives to refuse to support the right of Korean, Venezuelan and Syrian self-determination. Some also refuse to denounce U.S. military and economic aggression against these countries. They line up their positions with the campaign of U.S. politicians and the corporate media to demonize the countries under attack.The ability of U.S. imperialism to construct a popular consensus for war and subversion against these countries relies in part on the willingness of these “progressives” to line up. Lining up, in effect, is a type of opportunism, a caving-in to the war drive under the pressure of public opinion manufactured by the imperialist ruling class.To understand the consequences and function of this opportunism in acts of imperialist aggression, it is helpful to consider the blow to internationalism over 100 years ago during the buildup to World War I.World War I, 1914-18The Second International was a worldwide organization of parties calling themselves Socialist or Social Democratic; some in Western Europe had a mass following of workers. Representatives of these parties had pledged at international meetings to resist any moves of their countries’ ruling classes to wage war, which would be an imperialist war of conquest. This position was meant to facilitate working-class revolution through international class solidarity.Of course the ruling class, the militarists and all the rightist elements in each country promoted chauvinist, hostile attitudes toward all foreigners. It was the duty of the leaders of the Second International to fight against these attitudes among the masses and especially among the workers. Instead, the positions taken at the international conferences proved illusory in many parties.While these leaders did not themselves promote the hostile, almost racist, stereotypes, they found “progressive” pretexts for war.In Germany, the Social Democratic Party voted to fund the war, with much of the leadership arguing for the need to to wage war against what was then Czarist Russia. From left to right, German society largely accepted nationalistic class collaboration, which was framed as an imperative to defend German culture and society from “backward” Russian influence.In France and Britain, the social democratic leaders, with few exceptions, railed against German militarism and in support of their own capitalist democracies.Presenting imperialism as a progressive endeavor or defense against repression and backwardness promoted bourgeois nationalism that ultimately tore the Second International apart and pitted workers against one another. The Second International was dissolved in 1916 after its organizations in the separate European countries supported their own national bourgeoisies and followed them to war — on both sides.There was a material basis for this treachery. Imperialist exploitation of the colonies enabled the ruling class, as Workers World contributing editor Fred Goldstein wrote in his book “Capitalism at a Dead End,” to “throw crumbs at the upper strata of the working class.” These sectors allowed the development of a privileged labor leadership and workers’ parties that were no longer committed to revolution.In Russia social democratic parties were split. Lenin’s Bolsheviks supported international working-class solidarity and maintained the principle of anti-imperialism. Segments of the Mensheviks supported Russian involvement, rejecting revolution in favor of opportunistic class collaboration with bourgeois nationalists.Having experienced the social-imperialism that divided socialists during World War I, Lenin was keenly aware that “the fight against imperialism is a sham … unless it is inseparably bound with the fight against opportunism.” (Imperialism: The Highest Stage of Capitalism)21st-century ‘opportunism’Just as colonizers asserted the beneficence inherent in the “white man’s burden” — a racist concept — to impose Western imperialism on the world, so too do today’s “progressives” promote the narrative that U.S. imperialism is a gift to the Global South.Those committed to anti-imperialist principles are often attacked by people who claim to uphold socialism and international solidarity. The Western progressives’ stated reason for hostility against countries in the Global South is often that they do not see these countries as socialist enough or democratic enough to deserve their support.This is a completely inconsistent and hypocritical standard. Most of these “progressive” imperialists would rather defend the right of self-determination for Western capitalist countries.A selective standard infects the left. It makes some people enthusiastic supporters of imperialist aggression. It makes many others at least reluctant to speak out against imperialism for fear of breaking with public opinion that is manufactured by pervasive bourgeois ideology.This ideological domination is the root of 21st-century opportunism. Those then find a pretext in the problems faced by the demonized countries, which themselves are struggling to defend their independence from imperialism.Just as was the case for WWI, the marching lines of imperialism are presented as a march of progress.What should be a question of self-determination is derailed by red herrings that opportunists would never use as a pretext for the subjugation of their own country. It is an insidious means of undermining internationalism for the sake of the imperialist powers.Although rarely left of center, liberals have likewise shown themselves to be enthusiastic “progressive” imperialists. Media figures like Rachel Maddow have criticized Trump for negotiating with North Korean leader Kim Jong Un. Maddow, and many more like her, prefer that the U.S. enforce its will on the DPRK rather than come to any sort of diplomatic agreement.Maddow went so far as to suggest that their meeting was orchestrated by Russia to undermine U.S. interests in Asia. As ridiculous as it is, this militaristic thinking should not be dismissed as fringe conspiracy theory or mere sectarian pettiness.Nor should it be seen as unique to U.S.-Korean relations. John Oliver, another media figure who enjoys credibility as a progressive, recently dedicated an entire show of his HBO series to denouncing supporters of the late Venezuelan President Hugo Chávez. Oliver showed himself a willing collaborator of U.S. imperialism by downplaying Washington’s hostility to Venezuela and glorifying the violent and undemocratic U.S.-backed opposition there.To denounce the recent Venezuelan election and the legitimacy of the Bolivarian Revolution more generally, Oliver took to using misleading abbreviated quotes and a highly selective history of U.S. imperialism in the region. He did not mention the U.S.-backed coup in 2002, which tried to overthrow the democratically elected Chávez or any other facts that might reveal the extent to which Washington has consistently tried to undermine Venezuelan self-determination.Even Democracy Now!, the most prominent alternative broadcast outlet that often provides a left voice, has fallen into the same trap with regard particularly to Syria. It has provided alleged “independent” corroboration of the imperialist narrative touting regime change in Syria, broadcasting reports from the White Helmets grouping and other obviously biased sources that have been exposed as aligned with the imperialists.The progressive façade propagated by liberals has made it easier for Washington to carry out military aggression without arousing mass resistance. It also provides an in for opportunist segments of the left to support imperialist maneuvers while disguising this as leftist criticism. This was the case during this year’s Left Forum where opportunists attacked Black Alliance for Peace organizer Ajamu Baraka for his support of Syrian ­self-determination. (workers.org, June 14)In adopting and enforcing imperialist lies against the people of Venezuela, Korea and Syria, these media — along with political organizations that take the same positions — align themselves with the U.S. ruling class in support of nationalist military aggression.The historic lessons of the Second International teach the working class and its parties that they must confront opportunism on the left if they are to adequately oppose imperialism. This requires rooting out bourgeois colonial ideology, which is used to vilify self-determination of countries in the Global South and present the liberation of those countries as a hazard for people living in the imperialist countries.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Reporters Without Borders denounces minister’s criticism of media for exposing army bullying

first_img News to go further Robert MénardSecretary-General Organisation Dear Minister: read in Russian Help by sharing this information The media late last month exposed cases of brutal bullying of new recruits in the army which each year causes thousands of deaths or desertions and you spoke about this to the lower house of parliament (the Duma) on 15 February. The media cited reports by the Committee of Soldiers’ Mothers, which defends the rights of young soldiers. The media and the public have been especially concerned about the fate of one of the victims, Andrei Sychev, who was handed over to drunken superiors who beat him up because he refused to perform degrading sexual acts on them. They kept him crouched down for hours and refused him medical care for four days. He was only taken to hospital when they noticed he could no longer walk. He developed gangrene and both legs and his sexual organs had to be amputated on 6 January to save his life. You have accused the media of exaggerating the episode “to make headlines” and of making “gratuitous allegations against all soldiers, especially all generals.”You minimise the bullying and dreadful torture meted out by officers to new soldiers by saying that “bullying starts in nursery school where some teachers mistreat children” and that “society is like that.”You accused “some media of devoting entire pages” to the tortures and that “it’s impossible to tell what army is being referred to, the Russian army or an enemy army.” You claim the media has blackened the army’s reputation and distorted the situation in the military. Your accusations are unacceptable. How can you carry out your responsibilities towards the media when you accuse them of every sin and refuse to admit the errors of the army? How can you criticise them for reporting such a serious episode when it is so difficult to investigate the army and the case would never have been revealed without their help? How can you ignore the fact that the case has made people aware of the serious ill-treatment of army recruits in Russia, since it is not an isolated case?The main job of the media is to inform and alert the public about serious problems. Do you mean that the Sychev case should never have been reported?You go further however, to accuse the media of encouraging desertions from the army and say that their action raises the question of whether these media are duly and legally registered. You are threatening them with punishment. What is there in the national constitution that allows the press to be punished because it criticises public institutions? Do you want Russia to be like openly authoritarian regimes such as Belarus and Turkmenistan, where all news is controlled and the media is only allowed to relay government propaganda? Should Russia be allowed to abuse international press freedom standards?The Russian government has reverted very sharply in the past few years to authoritarian practices by steadily regaining control of the media and news. TV networks are censored and the last independent one, REN-TV, was recently taken over by a private firm reportedly controlled by government associates. Foreign journalists are having more and more trouble getting visas and accreditation. Radio stations are also monitored by the government and get warning phone calls when they are too critical.Chechnya is still a “black hole” for news and access to it is tightly controlled by the Russian authorities and in effect closed off. The current trial in the murder of Russian-born US journalist Paul Khlebnikov, who was shot dead in Moscow in 2004, is barred to the media and the public and few are taking notice of it.If this situation continues, it will soon be impossible to have access to real news and the situation in the country will be a closed book. An English-language all-news TV station, Russia Today, was recently launched to officially “improve the country’s image.” Yet you are calling for the media to be punished so that matters than tarnish the army’s image are not reported.We deplore your statements, which alarmingly reveal your wish to silence the media. We think your job is not to denounce the media but to identify and punish those responsible for these appalling incidents in the ranks of your army. RSF_en Open letter to Sergei IvanovMinister of defenceRussian Federation17 February 2006 “We welcome opening of criminal investigation in Lithuania in response to our complaint against Lukashenko” RSF says Receive email alerts News Follow the news on Belarus News Reporters Without Borders condemns defence minister Sergei Ivanov for his disgraceful and alarming accusations against the media for reporting on horrific bullying in the army and his threat to punish journalists. It calls for an end to the habit of secrecy in the army.read in Russian RSF at the Belarusian border: “The terrorist is the one who jails journalists and intimidates the public” Russian media boss drops the pretence and defends Belarus crackdown June 2, 2021 Find out more May 27, 2021 Find out more News February 17, 2006 – Updated on January 20, 2016 Reporters Without Borders denounces minister’s criticism of media for exposing army bullying May 28, 2021 Find out more BelarusEurope – Central Asia BelarusEurope – Central Asia last_img read more

Bombay High Court Refuses To Interfere With Ex-BARC CEO Partho Dasgupta’s Transfer From JJ Hospital To Taloja Jail

first_imgNews UpdatesBombay High Court Refuses To Interfere With Ex-BARC CEO Partho Dasgupta’s Transfer From JJ Hospital To Taloja Jail Sharmeen Hakim22 Jan 2021 9:34 AMShare This – x The Bombay High Court on Friday refused to intervene and grant relief to ex- Broadcast Audience Research Council (BARC) CEO Partho Dadgupta, accused in the TRP Scam, while he was being shifted from the state run JJ Hospital to the Taloja Central Prison. In an urgent plea, Dasgupta’s lawyer Arjun Singh on Friday sought for him to be shifted to a private hospital owing to…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?Login The Bombay High Court on Friday refused to intervene and grant relief to ex- Broadcast Audience Research Council (BARC) CEO Partho Dadgupta, accused in the TRP Scam, while he was being shifted from the state run JJ Hospital to the Taloja Central Prison. In an urgent plea, Dasgupta’s lawyer Arjun Singh on Friday sought for him to be shifted to a private hospital owing to his ill health or to be granted interim bail for two weeks instead of being shifted back to Taloja. They submitted a video of Dasgupta being discharged from JJ Hospital on a stretcher, and argued that he was discharged despite being unfit. Justice PD Naik who heard the plea at 7pm, refused to intervene after an assurance from Public Prosecutor Deepak Thakare that all protocols were being followed. The Medical Officer at Taloja would first check Dasgupta and at any point if he found it necessary, the accused would be taken back to JJ Hospital, he submitted. The court then post Dasgupta’s bail application for hearing on Monday and directed the state to submit all his medical records at the time of the hearing. Dasgupta was shifted to JJ Hospital on January 15. A graduate from IIM Calcutta, Partho Dasgupta’s was the CEO of Broadcast Audience Research Council (“BARC”) between June 2013 and November 2019. The Crime Branch has charged him under sections 409(criminal breach of trust by a public servant), 420 (cheating) of the Indian Penal Code. Dasgupta is accused of conniving with Republic TV officials to manipulate TRP ratings and approached the High Court after his bail application was rejected by the Sessions court earlier this week. Click here to read/download the order . Next Storylast_img read more

TechnipFMC to spin off engineering and construction business

first_imgThe UK-based TechnipFMC will split its business into two separate publicly traded companies in a move to unlock additional value for the respective segments TechnipFMC will split its business into two separate publicly traded companies (Credit: TechnipFMC plc) Oilfield services provider TechnipFMC is set to spin off its engineering and construction (E&C) division into a separate firm to capitalise on the global energy transition while enhancing value creation.TechnipFMC will split its current business into two separate publicly traded companies – RemainCo and SpinCo. The business separation is expected to improve the new companies’ focus on their respective strategies and give them better flexibility and growth opportunities.TechnipFMC to spin off its onshore/offshore segmentThe transaction will be structured as a spin-off of TechnipFMC’s onshore/offshore segment, which will be headquartered in Paris. The separation is likely to be concluded in the first half of next year, subject to customary conditions, consultations and regulatory approvals.According to TechnipFMC, the merger of Technip and FMC Technologies in 2017, which resulted in its creation as a new subsea player has established it as the only fully-integrated subsea provider. The company’ said that its performance since the merger has made the proposed spin-off possible which when completed will help the two firms to unlock additional value.The two new companies RemainCo and SpinCo will have distinct and expanding market opportunities and also specific customer bases, said the oil services provider.SpinCo is expected to become one of the largest E&C pure-play companies in the world, and will be able to capture LNG opportunities owing to its strong project delivery model, proven track record, and demonstrated capabilities, said TechnipFMC.The new company will be made up of TechnipFMC’s onshore/offshore segment, which includes Genesis, a provider of front end engineering and design services. SpinCo would also include Loading Systems and Cybernetix.RemainCo, on the other hand, will be made up of the technology and services business of the company. It will continue to support TechnipFMC’s clients in the delivery of integrated production solutions with a workforce of around 22,000 employees.TechnipFMC chairman and CEO Doug Pferdehirt said: “To further enhance value creation, our Board of Directors and management team have continuously evaluated strategic options and, after a comprehensive review, determined that it is in the best interest of TechnipFMC and all of our stakeholders to create two diversified pure-play leaders.“We are confident that the separation would allow both businesses to thrive independently within their sectors, enabling each to unlock significant additional value.”last_img read more