BASSETERRE, St Kitts – The public is hereby informed that the Eastern Caribbean Central Bank (ECCB) has issued the Valuation Prudential Standard for Licensed Financial Institutions under the Banking Act, 2015 (Valuation Standard). All institutions licensed under the Banking Act, 2015 as amended (the Act) must comply with the Valuation Standard which is made pursuant to section 184 of the Act. This Standard came into effect on 15 December 2017. This is a very important standard which requires licensed financial institutions (LFIs) to manage real estate valuation risks and to ensure prudent lending practices in an age of dynamic property markets.…
Author: THE CONNECTING NEWSPAPER
The town of Renk, in northern Upper Nile, was a bustling hub for trade between Sudan and South Sudan. But, today, the traffic is mostly people, and it’s all one way. More than 780,000 people have fled the fighting that erupted in Sudan in April 2023, crossing the southern border into Renk where many have sought sanctuary while others are gradually being relocated to join family in other parts of the country. Bathurs Ongo Nyikaig is among the refugees living in the transit camp in Renk after losing family members, his home, and livelihood in Sudan. “I come from Blue…
With the 2024/2025 club football activities taking off in style, an official announcement confirmed the PFA Player of the Year award recipient. At the Professional Footballers Association award night held today, Tuesday, August 20, 2024, the winner of the PFA Player of the Year 2024 was revealed in an official announcement.The selection which was done through the votes of fellow players confirmed that Phil Foden following his performance in the 2023/2024 season in England had deserved to be crowned the winner of the prestigious award.Why and how did Phil Foden win the PFA Player of the Year Award?Phil Foden had…
Appearing on the latest episode of NBC Sports Bay Area’s Dubs Talk podcast, Mavericks head coach Jason Kidd said the recruitment of free-agent sharpshooter Klay Thompson this summer was a group effort, but singled out Mavs guard Kyrie Irving as having played a lead role, according to Monte Poole of NBC Sports Bay Area.“When you talk about the recruitment, it was a lot of people that were involved in that. But one of the biggest players in that was Kai,” Kidd said. “Kai being able to, player to player, (detail) his experience of what Dallas has been like for him in two years and being able…
British tycoon Mike Lynch was among the 22 onboard, celebrating his recent acquittal on fraud charges in the US.Divers and an underwater drone are searching for six people, including a tech tycoon from the United Kingdom and an international banker, believed trapped when a luxury superyacht sank off Sicily. Among the six missing were tech entrepreneur Mike Lynch and his 18-year-old daughter Hannah, and Jonathan Bloomer, the chair of Morgan Stanley International, and his wife Judy. Police divers on Tuesday resumed the search for the six people believed trapped in the hull of the British-flagged 56-metre (185 feet) yacht, named…
A landlord with dozens of apartment buildings in Brooklyn and Upper Manhattan will have to pay back prospective tenants it illegally rejected because they sought to use government housing vouchers to help pay rent. Under an agreement with New York Attorney General Letitia James, the property owner and manager, Shamco Management Corp., will also have to rent dozens of apartments to people who pay with the help of vouchers, such as Section 8 or CityFHEPS. New York bars discrimination against prospective tenants based on their source of income, including public assistance. The AG alleged that Shamco representatives used a variety of…
Antigua and Barbuda is pleased to advance this “Manifesto Against Poverty.” Poverty remains at the root of inequality, inequity and underdevelopment within nations and between them. ~ Sir Ronald Sanders “We are sending, together with the Missions of Colombia and Antigua and Barbuda, for the consideration and discussion by the Member States a “Manifesto against Poverty in the Americas.” We must make the necessary changes in institutions in general so that they become inclusive and transform vicious circles into virtuous circles. The creation of wealth is fundamental, but it will not solve the problems of poverty on its own if…
As part of our ongoing efforts to uphold the highest regulatory standards, we recently announced that Binance (www.Binance.com) has successfully registered as a reporting entity with India’s Financial Intelligence Unit (FIU). This achievement marks Binance’s 19th global regulatory milestone. The registration with the FIU underscores Binance’s commitment to compliance with anti-money laundering (AML) standards in India as well as any other jurisdiction it operates in. This step is a testament to Binance’s dedication to fostering a secure, transparent, and efficient ecosystem, aligning with the company’s global standards. Richard Teng, CEO of Binance, remarked on this development, saying, “Our registration with…
The Professional Footballers’ Association (PFA) Team of the Year is one of the most prestigious honours in English football, recognizing the outstanding performances of the top players in the Premier League.Each season, a select group of players are chosen by their peers to form the ultimate lineup, showcasing the crème de la crème of talent in the division. Since its inception in 1974, the PFA Team of the Year has become a benchmark of excellence, highlighting the individuals who have consistently demonstrated exceptional skill, dedication, and sportsmanship.The list was dominated by Arsenal and Manchester City players, the Gunners had five…
The Kraken have agreed to terms with top RFA center Matthew Beniers on a seven-year contract, the team announced Tuesday. It’s worth $50M, working out to a $7.14M cap hit through the 2030-31 season. Per PuckPedia, the deal carries a total salary of $7.15M in every season except its last, where it decreases to $7.1M. $5M worth of his annual salary will be paid out via signing bonuses in 2024-25 and 2025-26.Beniers, who turns 22 in November, has spent his brief NHL career as the expected future face of the Kraken. He wasn’t just the No. 2 overall pick in…