Utkarsh Sanghvi

first_imgOTM is one of the brilliant trade fairs where hoteliers, travel agencies and many countries come together to showcase what different countries can provide to Indians and how they can collaborate with Indian travel and tourism. Shoot at Site was one of the unique ideas and if it results into bringing the states and the tourism offices of different states and film producers together, it will be a brilliant collaboration.last_img

Hotel Industry unites for the cause of water conservation

first_imgHotel and Restaurant Association of Western India (HRAWI), the apex body of hotels and restaurants in the western region including the states of Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Goa and the Union Territories of Daman, Diu & Silvassa has issued guidelines to its members on conservation and use of water.In a letter addressed to its members, Bharat Malkani, the President of HRAWI has urged member hoteliers to conserve the precious resource by taking small steps like serving water and refilling only upon guests’ request to not using the water hose to sweep the paths or driveways but by using a just dry broom.Some of the key water saving practices that the association has urged its members to follow include serving half a glass of water when requested for some, reusing untouched water, crockery and cutlery, requesting the guest to use less water to avoid wastage and informing them about the drought, requesting the guest to turn off the taps when not in use or lowering the flow of the water, using a cover on the pool while not in use to reduce evaporation, among others.“Water is a very precious resource and conserving it has become the need of the hour. Every drop of water saved could make a difference and especially so when all the hoteliers and restaurateurs join hands it could mean a significant one. Using less water helps us to become more flexible during times of water shortage, and conserving water is simple and inexpensive,” said Bharat Malkani, President, HRAWI.last_img read more

FHRAI put forth its concern over Supreme Courts order on liquor ban

first_imgThe Federation of Hotel & Restaurant Associations of India (FHRAI) in haste of exploring legal remedies with regards to the recent Supreme Court Order on the sale of liquor at establishments which fall within 500 metres range of State and National Highways from April 1, 2017. The discussion on the subject was moderated by Amitabh Devendra, Secretary General, FHRAI.Dilip Datwani, President, FHRAI- Western India Chapter, said, “Statistics prove that there is a correlation between drunk driving and enforcement, but not between drunk driving and existence of hotels or restaurants. Otherwise, there would be no drunken driving cases or resulting accidents in Bihar and Gujarat where we have total prohibition and yet there are innumerable accidents due to drunk driving. No country has ever banned hotels & restaurants to curb drunk driving.”Datwani further said “Rs 2,00,000 crores loss to the exchequer and closure of more than one lakh establishments is not a small thing. We would not have minded being sacrificed if the ban were to yield results. But reality is that all the job losses and other damages would be wasted.”“Total consolidated loss to both states and to the industry will be around 2,20,000 crores. The entire MICE industry including weddings, corporate events will be negatively affected,” said Garish Oberoi, Treasurer, HRANI & Vice President, FHRAI.“There has been an unprecedented blanket ban on all national highways across the country without seeing the practical aspect of the topography and terrain of the cities, in the process having affected hotels and restaurants, who have invested crores of rupees towards the development of the tourism industry in the country,” continued TS Walia, Vice President, FHRAI.“Most of the entrepreneurs who bid as part of Government PPP tourism projects along national and state main roads and highways had modelled their cash inflows on these experiences considering room conferencing, food, beverages revenues over their concession periods. A lot of these establishments with significantly reduced business will result in distressed financial assets and may lead to a large scale NPA situation for our banking and financial system and may severely impact the investment climate in tourism and hospitality in India. It will also stall the Indian growth story for many years to come,” added Sudesh Kumar Poddar, EC Member, FHRAI.Banning the sale of liquor within 500 metres of the highways, the liquor ban on highways has affected at least 1,000 star hotels in Maharashtra including the VIP Lounge at the domestic airport. Maharashtra is expected to lose estimated yearly revenue of Rs 7,000 crore.last_img read more

Qatar Airways introduces new EMI payment option for its India website

first_imgQatar Airways introduced a new online payment scheme for bookings made on its website (www.qatarairways.com), exclusively for customers with credit cards issued by Indian banks. The new payment option makes it now possible for passengers to pay for their booking through monthly instalments of 3, 6, 9 or 12 months respectively.The service aims to ease and enhance passengers’ travelling experience by making their booking transactions much more affordable and flexible. It also makes it easier for travellers planning to fly with family and friends, with only a minimum instalment fee needed to be paid to complete the purchase.Qatar Airways Senior Manager Commercial–ISC, Naveen Chawla said, “The launch of the new EMI option gives our passengers tremendous benefits as they can now book their tickets online at their convenience through our website, and also instantly access our latest offers.Through this new user-friendly and affordable payment scheme, Qatar Airways passengers with credit cards issued by Indian banks will now have greater flexibility when it comes to planning their travel itinerary. Those who previously couldn’t book online due to their credit limit or a large outstanding balance will now be able to pay for their bookings effortlessly using their credit card. This service is a testament to Qatar Airways’ ongoing commitment to be innovative when it comes to enhancing the travel experience of our customers.”Qatar Airways currently operates 102 weekly flights between Doha and 13 destinations in India, including Ahmedabad, Amritsar, Bengaluru, Chennai, Delhi, Goa, Hyderabad, Kochi, Kolkata, Kozhikode, Mumbai, Nagpur and Thiruvananthapuram.last_img read more

Standard and Poors Announces SPIVA Award Winners

first_img in Data, Government, Origination, Secondary Market, Servicing, Technology “”Standard and Poor’s””:www.standardandpoors.com/ has revealed the inaugural winners of its recently launched “”SPIVA Awards””:http://www.spindices.com/spiva program. [IMAGE]The new initiative is granted by “”S&P Indices””:www.standardandpoors.com/indices/main/en/us, and the organization plans to extend the awards, which honor excellence in research on the topic of index-related applications, on an annual basis.This year’s first place SPIVA Award recipients are Yuliya Plyakha, Grigory Vilkov and Raman Uppal, and the team of researchers was selected for the $50,000 prize based on their comprehensive, comparative evaluation of equal-weighted portfolios and value-and-price weighted portfolios within S&P’s Indices. The winning paper, titled “”Why Does an Equal-Weighted Portfolio Outperform Value-and Price-Weighted Portfolios?”” used a broad array of statistical techniques to demonstrate the relative outperformance of equal weighting as driven by the built-in alpha of equal weighting approaches, in addition to the higher exposure to well-known systematic value and size factors.Plyakha and Vilkov are currently with “”Goethe University””:www.uni-frankfurt.de/english/ in Frankfurt, Germany, while collaborator Uppal is part of the “”Edhec Business School””:www.edhec.edu/ in London. The second place winners in S&P’s contest are based stateside, and the team of California researchers was recognized with an honorable mention for their proposal of a new measure of liquidity risk that uses exchange traded funds. The recipients of the honorable mention included George Chacko and Sanjiv Das of “”Santa Clara University””:www.scu.edu/, as well as Rong Fan of “”Gifford Fong Associates””:http://gfong.com/, and the group won $25,000 for their paper, “”An Index-Based Measure of Liquidity.”” Their awarded work focused on a new metric that would utilize long ETFs and short the underlying components of that ETF, and the team presented research that examined multiple types of bonds, from emerging market bonds to mortgage-backed securities.Commenting on the winning papers, David Blitzer, managing director and chairman of the index committee for S&P Indices, said, “”Both of these papers address major issues currently facing investors. The winning paper on the outperformance of equal weighted portfolios brings extensive empirical research to bear on debates of the last ten years concerning how to weight indices. The analyses show how well recognized size, value and momentum effects lead to equal weight performance results. The second paper uses ETFs in an innovative approach to measuring liquidity to recognize heightened market risk.””The SPIVA Awards program seeks to acknowledge researchers from around the world who are exploring innovative techniques targeting the enhancement of the use of indices in the financial markets. The winners are selected by a jury of academics and industry experts, each of whom are chosen by S&P Indices. March 21, 2012 440 Views Standard and Poor’s Announces SPIVA Award Winnerscenter_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-03-21 Abby Gregory Sharelast_img read more

SunTrust Appoints New Consumer Markets Exec

first_imgSunTrust Appoints New Consumer Markets Exec Agents & Brokers Lenders & Servicers Movers & Shakers Service Providers 2012-04-11 Ryan Schuette Share In Georgia, “”SunTrust Banks, Inc.””:https://www.suntrust.com/, has appointed a new leader within its consumer division. The financial institution recently announced the addition of Reginald Davis as SunTrust├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós executive vice president and head of consumer deposit products.[IMAGE][COLUMN_BREAK]Prior to joining SunTrust, Davis was the president of RBC Bank├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós U.S. operations. In his role for RBC, Davis headed up all aspects of the bank├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós consumer, mortgage, wealth management, and commercial units.Other career highlights for Davis include time spent with Wachovia Bank, where he was the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós eastern banking region executive. Additionally, Davis currently serves as the chairman of the Dean├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Advisory Board for his alma mater, Morehouse College.In his new position for SunTrust, Davis will be responsible for consumer products strategy, development, and delivery. Davis will also provide support for the identification of cross line of business revenue growth opportunities. “”Reggie Davis is a highly accomplished leader with broad banking experience and a sustained track record for driving improved performance,”” said Brad Dinsmore, consumer banking and private wealth management executive for SunTrust. “”He is a welcome addition to our leadership team and a strong advocate for the communities we serve.””center_img in Origination, Servicing April 11, 2012 521 Views last_img read more

Famed Mexico City Equestrian Estate Hits the Market

first_img Agents & Brokers Attorneys & Title Companies Celebrity Homes Investors Lenders & Servicers Processing Service Providers 2012-07-11 Abby Gregory in Data, Government, Origination, Secondary Market, Servicing, Technology July 11, 2012 457 Views Famed Mexico City Equestrian Estate Hits the Marketcenter_img In Mexico City, an architectural masterpiece has hit the market. Equestrian estate Cuadra San Cristobal, which was made famous by its award-winning designer, Luis Barragan, was recently listed for $12.3 million. The 7.5-acre property encompasses a large main home, staff quarters, and two swimming pools – one for two-legged residents and one for the four-legged, equine residents. Cuadra San Cristobal is said to include Barragan’s trademark design elements like sharp angles, use of color, and the unique utilization of outdoor spaces. According to “”Curbed””:http://curbed.com/archives/2012/07/09/luis-barragans-famed-cuadra-san-cristobal-hits-the-market.php, Barragan, who was honored with the prestigious Pritzker Prize, completed the home in 1968.[COLUMN_BREAK][IMAGE] Sharelast_img read more

Sun West to Publish Lending Libraries Using AllRegs

first_img November 4, 2013 463 Views “”Sun West Mortgage Company, Inc.””:http://www.swmc.com/swmc/, is now leveraging “”AllReg’s””:http://www.allregs.com/ technology and publishing expertise to manage and maintain its underwriting guidelines, the companies announced.[IMAGE]Going forward, AllRegs will publish Sun West’s lending library of wholesale and correspondent guides, attaching to them a number of tools, including an electronic table of [COLUMN_BREAK]contents tree with links to guidelines, a recent updates section to identify changes to content, and a search engine featuring a thesaurus.Internal Sun West staff and business partners will be able to access a variety of content through the online libraries, including government, reverse mortgage, and conventional product guidelines in addition to the company’s underwriting guidelines.””We at AllRegs are proud to provide Sun West Mortgage staff and business partners with an innovative and robust resource to access their product guidelines,”” said Dan Thoms, EVP at AllRegs. “”Delivered through our proprietary technology, the Sun West Mortgage’s lending libraries will help their staff and partners alike to streamline business processes and increase productivity.””””We are very excited to Partner with AllRegs,”” said Anthony Toro, managing director of Sun West. “”AllReg’s has a superb track record and we are confident our staff and clients will see immediate efficiencies in referencing our Guidelines and Offerings.”” in Origination, Technology Sun West to Publish Lending Libraries Using AllRegscenter_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Service Providers 2013-11-04 Tory Barringer Sharelast_img read more

LenderLive Brings on VP of National Sales for Settlement Services

first_img September 23, 2014 489 Views LenderLive Movers & Shakers 2014-09-23 Seth Welborn Share Domestic-based mortgage services provider LenderLive Network has announced the hiring of Charlie Kent as VP of national sales for the Settlement Services division.Kent’s responsibilities in his new position with Colorado-based LenderLive include supporting existing client relationships and developing new ones. Immediately prior to joining LenderLive, Kent served as the national account director for First American, where he was in charge of many high profile accounts with top level clients.He has also held many executive positions with First American in addition to serving as national account director, including SVP, VP, and strategic account director.”Charlie is a proven business leader and industry veteran with deep experience in the title, lending, default, home equity and servicing industries,” said Joe Mowery, president of LenderLive Settlement Services. “His addition to the team enhances our strong capabilities and commitment to provide clients with solutions that help them control rising costs and remain compliant with current and upcoming new regulations.”Kent has worked in the mortgage servicing and title and settlement services industries for more than 20 years. He began his career at Transamerica MetroScan and moved on to TRW/REDI Property Data, later First American. He has also served as a vice president and national client director for CoreLogic.center_img LenderLive Brings on VP of National Sales for Settlement Services in Headlines, News, Uncategorizedlast_img read more

Lawsuits Against US Bancorp and Bank of America Dismissed

first_img Bank of America RMBS Complaints U.S. Bancorp 2015-05-19 Seth Welborn May 19, 2015 545 Views A federal judge dismissed claims in lawsuits against U.S. Bancorp and Bank of America accusing the two banks of failing in their duties as trustees for residential mortgage-backed securities that were allegedly found to have defects after they were sold, causing billions of dollars in losses to investors.U.S. District Judge Katherine Forrest in Manhattan dismissed the claims against the two banks in three separate decisions. In the first decision, a group of institutional investors, BlackRock Inc, Allianz SE’s Pacific Investment Management Co and TIAA-CREF sued U.S. Bancorp, claiming the bank was responsible for 843 toxic mortgage-backed securities totaling about $778 billion in collateral. Forrest ruled that the claims were not pleaded correctly on 33 of the trusts and that the remaining 810 trusts did not fall under her jurisdiction.In the second decision, Forrest dismissed a claim from the National Credit Union Administration, ruling that the NCUA lacked standing to sue the two banks because the certificates for 74 trusts, which were purchased by five corporate credit unions that later failed, had been re-securitized. Likewise, Forrest ruled that investors based in Ireland and the Cayman Islands lacked standing to sue the two banks. All of the plaintiffs were given a chance to amend their complaints.An attorney for BlackRock, Allianz, and TIAA-CREF, when reached by email, declined to comment on the judge’s decision. Bank of America spokesman Lawrence Grayson declined to comment, and U.S. Bancorp spokesman Dana Ripley told DS News, “We are pleased with the rulings.”This is the second victory for Bank of America in court in less than a week regarding its mortgage banking practices. Late last week, a federal judge threw out a suit filed by the City of Los Angeles which claimed the bank engaged in discriminatory lending practices that led to massive defaults, foreclosures, and eventually blight in Los Angeles neighborhoods.A settlement in which Bank of America and U.S. Bancorp agreed to pay $69 million to Washington Mutual in a similar case in which the two banks were accused of failing in their duties as trustees for mortgage-backed securities was approved by Forrest in March. Just as in the three cases that were recently dismissed, Washington Mutual alleged that breaches on the part of the two banks led to massive losses when the financial crisis hit. Lawsuits Against U.S. Bancorp and Bank of America Dismissedcenter_img in Daily Dose, Featured, News, Servicing Sharelast_img read more

Wells Fargo Home Lendings EVP Brad Blackwell Announces Retirement

first_imgWells Fargo Home Lending’s EVP Brad Blackwell Announces Retirement After 17 years at Wells Fargo, Brad Blackwell, EVP, Housing Policy and Homeownership Growth Strategies at Wells Fargo Home Lending, has announced that he will retire, effective September 1, 2018.Blackwell leads the development and advocacy for housing policy and the development of strategies to increase homeownership in the U.S. at Wells Fargo. “My passion is helping minority and LMI families to become homeowners. In my remaining time at Wells, I will be working hard to increase our capability to serve these consumers,” Blackwell said in a social media post while announcing his retirement. “After that, I will be spending time with my two new grandchildren, traveling with the love of my life, and enjoying family and friends.”A veteran of the financial services industry, Blackwell was EVP, Portfolio Business Manager at Wells Fargo Home Mortgage until 2016, where he was responsible for building stronger capabilities to generate home equity and non-conforming mortgage loans for the bank.Blackwell’s passion for homeownership development in the country has resulted in Wells Fargo introducing new programs that promote diversity and inclusion not only within the bank but also towards its vendors and suppliers.Speaking to MReport for its June issue on Diversity, on the subject of Wells Fargo’s plans on supplier diversity, Blackwell said, “Wells Fargo is taking a leadership position within the banking industry by placing diverse supplier growth within its strategic business agenda. We establish aggressive spending goals with diverse suppliers, and each one of the CEO’s direct reports is accountable for delivering on the supplier diversity goals.” Over the past three years, Wells Fargo has added $300 million incremental diverse supplier spend and is investing over $1 million annually in programs designed to help a diverse business grow and scale.Though he’ll be retiring in September, Blackwell hinted at planning to continue his work to promote homeownership. “I’ll be back in the not-too-distant future to pursue my passions in some form or another,” he said in his post. Brad Blackwell Diversity Homeownership homes HOUSING 2018-05-14 Radhika Ojha Sharecenter_img in Daily Dose, Featured, Origination May 14, 2018 789 Views last_img read more

Welcome to the Machines

first_imgEditor’s note: This feature originally appeared in the February issue of MReport, out now.There are significant changes taking place to mortgage lending rules. To proactively stay informed of the changes, be in compliance, and remain competitive it will be important for both bank and nonbank lenders to embrace leading-edge technology solutions that are based on artificial intelligence (AI) technology for processing loans and maintaining compliance. Using both AI and machine learning (ML) can help lenders process more mortgages in less time while conforming with all of the federal, state, and other rules.Mortgage Rules Are on the RiseAfter the 2008 housing crisis, government-sponsored entities (GSEs) such as Freddie Mac and Fannie Mae enacted a set of standard rules that must be followed when processing a loan. There are also state and local rules with which lenders need to comply, and government-backed and Veteran Administration (VA) loans also have specific rules.Additionally, the Home Mortgage Disclosure Act (HMDA), originally enacted by Congress in 1975, was updated with changes that were signed into law by the president on May 24, 2018.For HMDA, 47 different data points need to be monitored for key documentation in a loan package. It is essential to identify the new critical data points required and take action to provide the additional HMDA data, or you could face fines by the CFPB. Keeping up to date and compliant with HMDA should be a priority for lenders in 2019 and beyond.In a tight mortgage market, there are naturally fewer mortgage loan applications. To stay competitive and profitable, the industry is responding to this lack of loans by offering different, non-traditional products to try to generate revenue. Examples include home equity lines of credit (HELOCs) and non-qualified mortgages (non-QM). These products have their own unique set of rules, which again increases the overall number of rules that a lender needs to be aware of and meet for compliance purposes.The bottom line is that there are more rules today, which adds complexity to loan processing and makes compliance more challenging.Accelerating Loan Processing (and Rules Processing) with AIHow can lenders stay on top of all these rules? Using AI and ML can help automate a significant amount of mortgage loan processing, which includes rules processing and compliance. This not only creates a faster system, but a more accurate one that can help reduce errors and improve compliance. AI allows much of the work that was previously done manually to now be automated, including reading through hundreds of loan documents and verifying information against the particular set of rules for that loan.With ML, rules can be preloaded into the system and “learned” in advance. When new loan documents are entered into the system to begin processing a mortgage, it will use vision-based learning technology that scans the documents, collects the right information, and then matches it against the correct set of rules for that loan for verification. The system will know to check and verify for only the specific set of rules that apply to the loan that is being processed.As the AI-based system identifies missing information and errors, it can organize and classify documents by error level, identifying and isolating all of the risks. And, lenders can classify documents as “accepted” or “denied,” and then organize the denied documents based on why they have been denied. This allows lenders to prioritize their efforts for correcting errors and gathering additional information. All of this helps lenders in their efforts to comply with federal, state, HMDA, and other rules.The Benefits of AI— Speed, Accuracy, Customer ServiceOne key benefit to implementing AI is how fast all of this processing, verification, and classification can be done. There are more than 600 rules that could apply to a loan, so from a volume and capacity standpoint, there is a significant advantage to automating loan and rules processing. In addition to speed, accuracy is also important. Having a human read through hundreds of documents can lead to fatigue, which opens up the potential for errors. These errors could lead to compliance issues—and fines—so it is important to be as accurate as possible. AI technology can run on a near constant basis without fatigue, so there are advantages to deploying this technology when processing loans and the rules associated with them.Improved speed and accuracy can lead to other benefits too. First, productivity increases—lenders can process more loans in less time, which ultimately reduces costs. Together, all of this can give lenders a competitive advantage— you can compete more effectively against other companies that are not using AI technology. Being able to process loans faster and more accurately will make your organization a more attractive lender, which will help you to win more business in today’s highly competitive mortgage market.And when the compliance process can be done faster—both the verification of what is correct and identification of errors or missing information—it helps all of the different parties involved in the mortgage process. This includes the borrowers, who do not want to wait for a week to find out if all of their loan application documents are correct or if they need to provide more information. Having this process happen more quickly reduces customer frustration and improves satisfaction. Creating a better experience for buyers is the most critical aspect of customer service and can help lenders generate repeat business and referrals.A faster, better buying experience is especially crucial for millennials, who make up a significant portion of today’s home buying population. According to the National Association of Realtors 2018 Home Buyer and Seller Generational Trends Report, buyers aged 37 years and younger (millennials and Gen-Y) continue to be the largest generational group, making up 34 percent of all homebuyers. The study also notes that millennials have been the most active homebuyers for the last five years in a row. These numbers could continue to rise as the overall millennial population grows. According to population projections from the U.S. Census Bureau, millennials are expected to surpass baby boomers in 2019 as their numbers increase to 73 million people.This age group, which has grown up using technology and continues to use it heavily for personal and professional purposes, wants a faster, more “retail-like,” digital experience from lenders, similar to other services that they buy. When they shop for a mortgage, their first instinct is not to call a real estate agent but to search online. Millennials are comparison shoppers, and speed and ease-of-use are important criteria for them in nearly everything that they purchase.Having the ability to offer a seamless, all-digital experience that can process loans quickly is important to attracting and retaining the millennial home buying market. And, being able to process a loan even one-two days faster than another lender can make a big difference on who they select for a mortgage. In addition, millennials are quick to share their buying experiences (both good and bad) using social media, which can either help build a lender’s business or damage their reputation. Positive peer reviews are important to this group, so it is vital to create a positive experience for buyers that may be quick to share their opinions of a mortgage lender online.AI also provides analytics tools that can help organizations optimize business operations. For example, you can determine the number of loans that your company is processing over time, enabling you to do forecasting that can help project future revenue and what resources will be required. Also, once a loan enters the system, lenders can determine the probability of that loan closing, and approximately how long the process will take. This gives the lender more predictability in its revenue stream.How is AI Being Used Today?Most companies have historically processed loans and rules manually, which is a prolonged, time-consuming process. Today, about 30-40 percent of vendors are still using this “old fashioned” approach.Now, many lenders are embracing AI technology to do at least a portion of their processing, and it is a top priority for the future. To compete, survive, and grow in today’s tight lending market, now is the time to embrace AI and ML technology. The capabilities of these technologies not only improve compliance, but also speed, productivity, and accuracy. This is important in a dynamic environment with a wide range of different rules that could change and expand over time. Those organizations that fail to embrace this new technology, or are too slow to adopt it, could be left behind. Welcome to the Machines AI Borrowers HOUSING Lending mortgage technology 2019-02-01 Radhika Ojha Sharecenter_img February 1, 2019 1,696 Views in Daily Dose, Featured, News, Print Featureslast_img read more

The Canadian Government is providing carbon pricin

first_imgThe Canadian Government is providing carbon pricing relief for greenhouse growers to ensure they can remain competitive in a global marketplace and avoid sharp price rises.The targeted relief for commercial greenhouse growers was announced to limit the impact of the Greenhouse Gas Pollution Pricing Act (GGPPA).There will be a partial relief on the carbon tax applied to the natural gas and propane, which is used to grow plants in a greenhouse.The Canadian Horticultural Council (CHC) and the Canadian Produce Marketing Association (CPMA) welcomed the initiative, saying the relief would help to level the playing field for greenhouse growers domestically while at the same time keeping food affordable.“I’ve seen first hand the results that this kind of protection has afforded growers in British Columbia. I have worked closely with the British Columbia government to develop a carbon pricing relief program that supports this province’s greenhouse farmers”, said Linda Delli Santi, chair of the CHC’s Greenhouse Vegetable Committee.“Today I am pleased to see the federal government take steps to ensure our producers across Canada can continue to grow healthy fruits and vegetables in Canada for Canadians.”Rebecca Lee, the CHC’s executive director, added that they had been long advocating for relief for greenhouse farmers.“This federal announcement is a big step towards a more predictable and stable business investment climate and reduce administrative burden. We look forward to seeing how the exemption certificates will be rolled out,” she said.Meanwhile, CPMA president Ron Lemaire said: “While more work remains to be done, we look forward to future engagement with the government on the carbon pricing scheme and our industry’s competitiveness.”The greenhouse vegetable sector contributed more than CAD$1.4 billion (US$1 billion) in farm cash receipts to the Canadian economy with exports totaling more than CAD$964 million (US$740 million) in 2017.Photo: Shutterstock.com Mexico becomes first nation to ratify trade deal w … October 25 , 2018 ‘New NAFTA’ fails local growers, says Florida Farm … You might also be interested in Canada: With cherry trees in bloom, company foreca … Canada’s cherry industry suffers 50% drop in seaso …last_img read more

Chilean cherry report analyzes 201819 campaign d

first_img Chilean cherry report analyzes 2018/19 campaign, d … A strike at one of Chile’s most important ports has resulted in a huge amount of fruit being diverted further south in the country to be exported.Workers have been on strike over working conditions for around a month at the Port of Valparaiso in central Chile, which has resulted in fruit exports sent from that location dropping by 90% during the opening stages of the 2018-19 season.At the same time, fruit exports from the Port of San Antonio, another major port in the Valparaiso region, have increased ten-fold over the same period.However, the president of the Federation of Fruit Exporters (Fedefruta), Jorge Valenzuela, told Fresh Fruit Portal that there have not been any lost exports as a result of the situation.”We are in the first third of the export season, but with these volumes and with this strategy, San Antonio has been able to move the cargo without any problems,” he said.According to figures from Odepa, since the strike began a little over 5.2 million metric tons (MT) of fruit have been exported through the Port of Valparaiso, while 79 million MT has been sent through the Port of San Antonio.However, over the same period last year, 60 million MT was sent through the former and just 7.3 million MT through the latter.While Valenzuela said that no fruit exports had been lost, he highlighted there were additional costs involved in moving the cargo to a different port.”The transportation costs have risen and there are a series of logistical costs related to the internal movement as we wait for the strikes to be resolved and the ships to get the green light to depart,” he said.He added that storage capacity in Chile is limited, which could complicate the situation going forward.The Fedefruta president also emphasized the need for a law that guarantees the transportation of perishable goods.”We can’t put at risk Chile’s fresh products, of which there are large volumes,” he said, mentioning that there was a law like that in the U.S. “We need to think bigger and be a little bit more developed in that sense.” Blueberries in Charts: Finding opportunities in th … December 21 , 2018 Chile edges closer to Vietnamese market access for … Huge increase in Chilean D’Agen plum exports to Ch … You might also be interested inlast_img read more

asiarailRail Plusspecials

first_imgasiarailRail Plusspecials Agents can secure up to 50% off companion fares for clients on all Rail Plus Eastern & Oriental Classical Journeys, between Singapore and Bangkok, when booked by 15 June 2018, and valid for travel through to December 2018. Space is limited and bookings are based on twin share in the Pullman and State Cabins only and on the two-night Classic Journeys from Singapore to Bangkok or three-night Classic Journeys from Bangkok to Singapore. To take advantage of the savings, bookings must be made by 15 June 2018 using the promotional code EC50. Email gtj@railplus.com.au.last_img

Azamara Club Cruises 2021 and early 2022 cruise p

first_imgAzamara Club Cruises’ 2021 and early 2022 cruise program features new destinations, more overnights and new Grand Voyages.“Being a leader in Destination Immersion means staying ahead, which is why we’re thrilled to introduce our 2021 and early 2022 itineraries,” says Larry Pimentel, President and CEO of Azamara Club Cruises.“With our commitment to connect people with culture, our guests can uncover world wonders, including new destinations such as Guyayaquil, Ecuador, with an overland expedition to the Galapagos Islands. We will also return to Japan, one of our most popular country-intensive itineraries, which visits marquee ports like Tokyo and Kobe, as well as the remote treasures of Kitakyushu and Kanazawa.”Guests can expect over 140 overnight stays around the world, including expanded itineraries to Eastern Europe in the Black Sea and Turkey, including overnights in Istanbul and calls to hidden gems including Antalya and Sinop.In 2021, Azamara will double its overnights in France and Spain since 2015. Examples of shore excursions include:Australian cruisers can look forward to Azamara’s local 2020/21 summer cruise season, which will see Azamara Pursuit sail local waters for the very first time. Azamara Club Cruises’ newest cruise ship will offer six Australian sailings between December 2020 and March 2021, departing from Singapore, Sydney, Melbourne, Perth and Auckland. The season will see over 15 late night port calls as well as visits to off-the-beaten-track destinations such as Kangaroo Island in South Australia, Fraser Island in Queensland and Gisborne in New Zealand. 20212022Azamara Clubcruiselast_img read more

What an MLB source said about the Dbacks trade h

first_img What an MLB source said about the D-backs’ trade haul for Greinke Comments Share Nevada officials reach out to D-backs on potential relocation Cardinals expect improving Murphy to contribute right away “I hope,” Kolb said about being with the Cardinals. “Arizona would be a great place. I’ve obviously envisioned myself there.”It’s no surprise that Kolb has thought about what it would be to wear the No. 4 in Cardinal red, but hearing him admit that Arizona would be a ‘great place’ to live is music to some fans ears (although it’s probably poison to those fans who think the young quarterback will be a bust).Kolb won’t have much say in where the Eagles trade him. What he will have control over is if he re-signs with his new club at the end of the 2011 season. If the Cardinals really want the four-year veteran as their starter, his willingness to sign a contract extension will be just as important, if not more so, than what Philadelphia is asking for in exchange for him.After Kolb’s comments, a contract extension doesn’t seem like it would be an issue. That is unless when he envisioned himself in the Valley it was during the 100 degree summers rather than the 70 degree winters. That might change things a bit.center_img Top Stories D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ It feels like we’ve heard from everyone about the Kevin Kolb to the Arizona Cardinals rumors over the last four months. While it’s nice to know what NFL analysts think and hear the coach speak from Ken Whisenhunt and Andy Reid in regards to the quarterback position, it’s even better to get it straight from the horse’s signal caller’s mouth.As a guest on the nationally syndicated Dan Patrick Show, Kevin Kolb revealed that it’s not just the Cards who are interested in seeing him in the desert, he’s actually thought about the possibility a lot himself.last_img read more


first_img Comments Share Brotherly love.With trade rumors swirling the Arizona Cardinals made a few under the radar signings, including the brothers of Calais Campbell and John Skelton.Miami safety Jared Campbell and Fordham tight end Stephen Skelton are among 21 rookie free agents signed by the Cardinals.Campbell comes to the Cardinals after playing in 10 games as a Hurricane last season. He finished his Miami career with 36 tackles and a forced fumble, but the majority of his impact was felt on special teams. Cardinals expect improving Murphy to contribute right away D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ The younger Skelton started 11 games in his senior season and had 42 receptions. He experienced his best year in college when John Skelton was still on the team. When the Skelton’s were paired together, Stephen set career highs in receptions (63) and touchdowns (6).The Cardinals needed to sign 49 players in order to fill the 90 man roster prior to the opening of training camp.Arizona signed players on both sides of the ball and even included a couple of players from the Pac-12.Oregon State receiver Aaron Nichols has been signed along with USC center and Tucson native Kris O’Dowd.While at USC, O’Dowd started 36 games and was an All-Pac 10 selection. He was also named USC’s offensive lineman of the year in 2008.center_img Top Stories What an MLB source said about the D-backs’ trade haul for Greinke Nevada officials reach out to D-backs on potential relocationlast_img read more

Dbacks president Derrick Hall Franchise still f

first_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ What an MLB source said about the D-backs’ trade haul for Greinke Schefter’s report comes as a bit of a surprise for two reasons. First, the simple fact that neither candidate has taken an upper hand in the competition. And secondly, because of the organization’s financial commitment to Kolb. After dealing with the Philadelphia Eagles to obtain his services last summer, the Cardinals signed Kolb to a five-year, $63 million contract. The team also picked up a $7 million roster bonus in the offseason. The quarterback carousel keeps on turning.The Arizona Cardinals have one of the most talked-about quarterback competitions this preseason, and now, ESPN NFL insider Adam Schefter has chimed in.The Arizona Cardinals plan to start quarterback Kevin Kolb against the Oakland Raiders on Friday in their third preseason game. However , John Skelton is considered the favorite to win the job, people within the organization told ESPN NFL Insider Adam Schefter on Tuesday.Each player has started a preseason game for the Cardinals, with Kolb getting the nod against New Orleans in the Hall of Fame Game and Skelton taking the reins last Friday in Kansas City. Neither QB has performed all that well, with Kolb posting a rating of 11.1 and Skelton putting up a 39.2 rating. Top Stories center_img 0 Comments Share Nevada officials reach out to D-backs on potential relocation Cardinals expect improving Murphy to contribute right awaylast_img read more

Derrick Hall satisfied with Dbacks buying and se

first_img Derrick Hall satisfied with D-backs’ buying and selling Top Stories “You know there’s tendencies for what we’re doing on both sides of the ball and how we can make those more balanced or what we can do, whether it’s the scheme that better fits the certain personnel that we’re trying to get done on both sides of the ball,” he said. When asked whether or not the staff also benefits from the bye week and the break, Whisenhunt was pretty clear. “I think where we are right now after nine weeks, absolutely.” Whisenhunt told reporters on Wednesday after the team’s final practice that the coaching staff will be in the office Thursday and Friday but will take some time away from the facility over the weekend. The players and coaches return to practice Monday before heading to Atlanta to face the undefeated Falcons on Sunday. Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo “Sure, especially the younger guys, you can see that in a lot of their eyes right now to this point,” he said. “It’s been nine and five; fourteen games, that’s a college season for them and they’ve still got a stretch of games to come yet.” The team is enjoying some time away from the practice field, but there is still work that’s being done during the down time. “It gives us a chance to work on some of our inconsistencies, to look at our scheme, what we’re doing, look at our players that we’re doing it with, a lot of those things,” said Whisenhunt. “Plus it gives us a chance to get healthier, that’s a big thing.”The health of the Cardinals has definitely been an issue with John Skelton, Kevin Kolb, Ryan Williams, Beanie Wells, Todd Heap, Levi Brown and Greg Toler missing significant time or suffering season-ending injuries. After nine weeks of the regular season, a lot of people are scratching their heads in confusion after a 4-0 start was followed by five straight losses due to the combination of poor play and injuries. Coach Whisenhunt referenced the inconsistencies that have plagued this team and he knows that the staff has some work to do over the weekend. The Arizona Cardinals head into the bye week on a five-game losing streak and the schedule ahead doesn’t get any easier. Not only has Arizona struggled to find ways to win over the past five weeks, they’ve struggled to get players back from injury. This is the perfect time to take a break, recharge physically and mentally and re-evaluate this team.Head coach Ken Whisenhunt feels this break is coming at a good time for everybody. 0 Comments Share Grace expects Greinke trade to have emotional impactlast_img read more