Hyderabad, Jan 6 (IANS) The US Export-Import Bank is looking to diversify its India portfolio, financing projects in education, healthcare and agriculture, its chairman and president Fed P. Hochberg said here Friday.
With a $7 billion commitment, India is currently the second biggest investment destination for the bank after Mexico.
‘In India, our commitments are $7 billion and at the rate India is growing this will be the single largest market in 12 to 18 months,’ said Hochberg.
Exim Bank focuses its efforts on nine countries that are building infrastructure and growing rapidly. It has already disbursed most of the $7 billion funds it committed for various projects in India.
It is considering more projects worth $2 billion.
‘We have many projects in the pipeline. Right now $2 billion projects in the full range of projects in the entire countryside from renewable energy to conventional energy to water treatment,’ he said.
The projects of $2 billion that the bank is considering do not include its commitment to Air India. He said Exim Bank would continue to support Air India. ‘Air India has been very good customer. We have supported Air India over many years. They are passing through difficulties.’
‘That is the case that we have dealt in the court in the US,’ he remarked when asked about the opposition from the US airlines to the commitment to Air India.
He pointed out that Exim Bank had also financed Jet Airways and SpiceJet. The two are among 36 airlines around the world being financed by the bank.
Hochberg said 30 percent of the projects the Exim Bank was financing in India were power projects. Since the US is one of the leaders in renewable power and petrochemicals, it is looking to invest more in these areas.
‘We are excited by power sector in India. India’s growth has been extraordinary. It is possible to continue more investment in power,’ he added.
Hochberg said solar power would be another key area of interest for Exim Bank as India has set a target of 20,000 MW of solar power by 2020. ‘We were impressed with the progress made in 2011. With new five-year plan beginning this week, we are seeing more interest.’
He also said that Exim Bank would not fund a project which is detrimental to the environment. ‘Environmental concerns are of primary interest to us. Environment is part of our mandate. Will not do projects which we believe are environmentally detrimental,’ he said when asked about environmental impact of power projects.
On corruption, the Exim Bank chief said that was something the bank was concerned about in every place in the world.
‘This is something that we take very seriously in doing our transactions and we do a lot of due diligence.’
Hochberg was talking to reporters in Hyderabad, his third and last stop in his first-ever visit to South India. He met Chief Minister Kiran Kumar Reddy and Industries Minister J. Geeta Reddy and discussed infrastructure projects in the state
http://tourism9.com/
2012年1月3日星期二
Travel chaos as storms lash Britain
Fierce storms have battered Britain with heavy rain and winds gusting over 100mph.
The latest round of unsettled weather added more misery to the January blues as people returned to work after the Christmas and New Year holidays.
Around the country trees fell onto railway tracks and power lines, lorries toppled over on busy roads and local authorities issued flood warnings after rivers swelled.
High seas caused the Port of Dover to close, gusts of wind damaged the roof to a stand at Epsom Downs Racecourse and a power surge led to a washing machine catching fire in Wales.
Commuters faced travel chaos as the bad weather meant some East Coast main line trains between London and Scotland had to start and terminate at Newcastle upon Tyne.
Gemma Plumb, a forecaster from Meteogroup, the weather division of the Press Association, said: “Everywhere has seen strong winds today. So far we’ve seen gusts across central and southern parts of Scotland of 85 to 97mph. That’s an hourly figure, so there’s a chance there may have been stronger gusts of more than 100mph.”
Figures published by the Met Office reported wind speeds of 106mph at Great Dun Fell in the north Pennines and 102mph in Edinburgh.
A bus driver had to be freed after a large tree fell on his vehicle, trapping him inside in Witley, Surrey. The single-decker Stagecoach bus was in Petworth Road when the oak tree, measuring 6ft across, fell on to it at about 8.25am.
A Surrey Police spokesman said: “It is believed that the driver, who was freed by fire crews, has suffered serious injuries and he is being taken to St George’s Hospital in Tooting. There was only one passenger on board the bus at the time of the incident, who escaped uninjured.”
In the South West, the Environment Agency has “yellow” flood alerts active on 21 rivers from Cornwall to Wiltshire. The Tamar Bridge, which spans the river between Devon and Cornwall, has been closed to high-sided vehicles because of strong winds.
http://tourism9.com/
The latest round of unsettled weather added more misery to the January blues as people returned to work after the Christmas and New Year holidays.
Around the country trees fell onto railway tracks and power lines, lorries toppled over on busy roads and local authorities issued flood warnings after rivers swelled.
High seas caused the Port of Dover to close, gusts of wind damaged the roof to a stand at Epsom Downs Racecourse and a power surge led to a washing machine catching fire in Wales.
Commuters faced travel chaos as the bad weather meant some East Coast main line trains between London and Scotland had to start and terminate at Newcastle upon Tyne.
Gemma Plumb, a forecaster from Meteogroup, the weather division of the Press Association, said: “Everywhere has seen strong winds today. So far we’ve seen gusts across central and southern parts of Scotland of 85 to 97mph. That’s an hourly figure, so there’s a chance there may have been stronger gusts of more than 100mph.”
Figures published by the Met Office reported wind speeds of 106mph at Great Dun Fell in the north Pennines and 102mph in Edinburgh.
A bus driver had to be freed after a large tree fell on his vehicle, trapping him inside in Witley, Surrey. The single-decker Stagecoach bus was in Petworth Road when the oak tree, measuring 6ft across, fell on to it at about 8.25am.
A Surrey Police spokesman said: “It is believed that the driver, who was freed by fire crews, has suffered serious injuries and he is being taken to St George’s Hospital in Tooting. There was only one passenger on board the bus at the time of the incident, who escaped uninjured.”
In the South West, the Environment Agency has “yellow” flood alerts active on 21 rivers from Cornwall to Wiltshire. The Tamar Bridge, which spans the river between Devon and Cornwall, has been closed to high-sided vehicles because of strong winds.
http://tourism9.com/
2012年1月2日星期一
Le Château enters into long-term financing arrangement
MONTREAL , January 2, 2012 /CNW Telbec/ – Le Château Inc. (TSX: CTU-A.TO – News) has entered into an agreement with a Corporation controlled by Herschel Segal , the founder of Le Château and a Director and majority shareholder of the Company, for long-term financing of $10 million . The financing is in the form of a four year, unsecured loan which bears interest at a rate of 7.5%, is repayable by way of equal monthly instalments of principal and interest, commencing in February 2013 , and may be prepaid without penalty. The purpose of the loan is for the financing of ongoing capital expenditures and other investment purposes. The loan is in addition to other financing sources the Company has in place or may have in place in the future. The loan will provide the Company with additional capital and operational flexibility as all of its existing credit and other facilities remain in place.
As at the date hereof, the Company has an operating line of credit totaling $20 million under which $2.4 million of letters of credit are currently outstanding. In addition, the Company has an import line of credit of $25 million , which includes a $1 million loan facility, under which $5.3 million of letters of credit are currently outstanding. The Company uses such facilities and lines of credit from time to time in the ordinary course of its business.
The loan from Mr. Segal was approved by the Board of Directors of the Company (with Mr. Segal and Jane Segal abstaining from the vote) and is exempt from the requirements to obtain an independent valuation or minority approval under the related party transaction rules of applicable securities legislation.
Profile
Le Château is a leading Canadian brand in specialty retailing, offering a broad array of contemporary fashion apparel, accessories and footwear for style-conscious women and men. The Le Château brand is synonymous with ageless fashion at accessible prices and is sold exclusively through the Company’s 244 retail locations, of which 242 are located in Canada . The Company’s outlets are primarily found in major urban shopping malls, as well as street-front locations with high pedestrian traffic. In addition, the Company has 7 stores under license in the Middle East . Le Château’s web-based marketing is further broadening the Company’s customer base among Internet shoppers in both Canada and the United States . With its 52-year tradition of vertical integration, emphasizing a design and manufacturing approach to retailing, Le Château is unique among Canadian fashion merchants.
Forward-Looking Statements
This news release may contain forward-looking statements relating to the Company and/or the environment in which it operates that are based on the Company’s expectations, estimates and forecasts. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and/or are beyond the Company’s control. A number of factors may cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in other public filings of the Company. Therefore, readers should not place undue reliance on these forward-looking statements. In addition, these forward-looking statements speak only as of the date made and the Company disavows any intention or obligation to update or revise any such statements as a result of any event, circumstance or otherwise except to the extent required under applicable securities law.
Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company to successfully implement its business initiatives and whether such business initiatives will yield the expected benefits; competitive conditions in the businesses in which the Company participates; changes in consumer spending; general economic conditions and normal business uncertainty; customer preferences towards product offerings; seasonal weather patterns; fluctuations in foreign currency exchange rates; changes in the Company’s relationship with its suppliers; interest rate fluctuations and other changes in borrowing costs; and changes in laws, rules and regulations applicable to the Company.
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As at the date hereof, the Company has an operating line of credit totaling $20 million under which $2.4 million of letters of credit are currently outstanding. In addition, the Company has an import line of credit of $25 million , which includes a $1 million loan facility, under which $5.3 million of letters of credit are currently outstanding. The Company uses such facilities and lines of credit from time to time in the ordinary course of its business.
The loan from Mr. Segal was approved by the Board of Directors of the Company (with Mr. Segal and Jane Segal abstaining from the vote) and is exempt from the requirements to obtain an independent valuation or minority approval under the related party transaction rules of applicable securities legislation.
Profile
Le Château is a leading Canadian brand in specialty retailing, offering a broad array of contemporary fashion apparel, accessories and footwear for style-conscious women and men. The Le Château brand is synonymous with ageless fashion at accessible prices and is sold exclusively through the Company’s 244 retail locations, of which 242 are located in Canada . The Company’s outlets are primarily found in major urban shopping malls, as well as street-front locations with high pedestrian traffic. In addition, the Company has 7 stores under license in the Middle East . Le Château’s web-based marketing is further broadening the Company’s customer base among Internet shoppers in both Canada and the United States . With its 52-year tradition of vertical integration, emphasizing a design and manufacturing approach to retailing, Le Château is unique among Canadian fashion merchants.
Forward-Looking Statements
This news release may contain forward-looking statements relating to the Company and/or the environment in which it operates that are based on the Company’s expectations, estimates and forecasts. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and/or are beyond the Company’s control. A number of factors may cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in other public filings of the Company. Therefore, readers should not place undue reliance on these forward-looking statements. In addition, these forward-looking statements speak only as of the date made and the Company disavows any intention or obligation to update or revise any such statements as a result of any event, circumstance or otherwise except to the extent required under applicable securities law.
Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company to successfully implement its business initiatives and whether such business initiatives will yield the expected benefits; competitive conditions in the businesses in which the Company participates; changes in consumer spending; general economic conditions and normal business uncertainty; customer preferences towards product offerings; seasonal weather patterns; fluctuations in foreign currency exchange rates; changes in the Company’s relationship with its suppliers; interest rate fluctuations and other changes in borrowing costs; and changes in laws, rules and regulations applicable to the Company.
http://tourism9.com/
2011年12月30日星期五
Win a Flight Anywhere in the World with Amble Resorts’ Travel Contest
CHICAGO , Dec. 29, 2011 /PRNewswire/ — Hopeful travelers are invited to share a personal, life-changing travel experience on Amble Resorts’ travel blog, The Ambler, for the chance to win a flight anywhere in the world. The individual who posts the winning entry will be rewarded with a free trip to the destination of their dreams in the form of a $1,500 travel voucher, valid anytime in 2012, on the airline of the winner’s choice.
By launching this contest, Amble Resorts is encouraging 2012 New Years ‘ resolutions to explore the world in search of adventure and immersion in place. It was an experience of this kind that first inspired Amble’s president, Benjamin Loomis , to found the eco-development company in 2007. Amble helps adventurous spirits from all over the globe to discover the unique cultural identities and incredible natural attributes of their chosen destinations while creating a community of travelers who share a passion to protect these precious resources.
“Travel is an intimate endeavor,” says Loomis. “You come away from a meaningful travel experience with your own perceptions and opinions. It’s these profoundly personal responses that we’re hoping everyone will share through the contest.” The contest reflects Amble’s mission to bring travelers into closer communion with the earth, other peoples, and each other. By publishing the contest entries as comments on The Ambler, Loomis hopes to spark conversations between travelers and travel enthusiasts who share a passion for adventure, culture, and the environment. This format also invites entrants to join The Ambler‘s growing travel community and read new articles published daily.
Last fall, Amble Resorts expanded their travel blog of three years by inviting travel writers and photographers to join them in their efforts to inspire and enlighten today’s most culturally sensitive and environmentally conscious travelers. Through informative articles, stunning photography, and firsthand experiences of travel writers from around the world, Amble is pioneering a new online source for travel advice. Going beyond traditional destination guides, The Ambler provides insider tips on adventures off the beaten path, lesser-known natural and cultural attractions, and secluded pieces of paradise hidden in popular tourism destinations, all presented with the ease and intimacy of a personal travel blog. The Ambler hopes to give a voice to today’s most discerning travelers and feed their appetite for life-changing travel in a forum that’s accessible to anyone with an interest in learning more about the world.
President Loomis envisions a future for The Ambler as a trusted resource for travelers from all over the world who want to find new meaning for their lives with every journey they take. Accordingly, Amble Resorts’ current development projects in Panama and Belize are designed to give travelers an intimate connection with the extraordinary natural surroundings of the location. “We’re blazing the trail to provide travelers with something they can’t find anywhere else: a luxury travel experience connected to the true spirit of a place,” says Loomis. “Our travelers respect the environment and local cultures; they recognize what is most precious in our world. We build resorts founded on these values while recognizing that the traveler’s time is precious, too. They want to be as close as possible to these life-changing experiences without sacrificing their time or comfort.”
Submissions to the Life-Changing Travel Contest will be accepted through January 15th, 2012 . The top ten finalists, as chosen by Amble Resorts, will be posted to The Ambler on January 18th, 2012 for the public to vote on their favorites through January 31st, 2012 , when the voting period will close. The life-changing travel experience that receives the most votes will be announced as the winner on February 1st , 2012.
Photos:
http://www.ereleases.com/pic/Travel-in-2012.jpg
http://www.ereleases.com/pic/Amble-travel-contest.jpg
About Amble Resorts:
Amble Resorts is an ecologically sensitive resort development company focused on providing travelers life-changing travel experiences in places of spectacular natural beauty and cultural significance. Those who want more out of travel, amble with us.
Amble Resorts is the developer of The Resort at Isla Palenque in the Gulf of Chiriqui, Panama .
Media contact: Emily Kinskey , Marketing Associate, Amble Resorts, ekk@amble.com, 773-769-1145
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com/.
This article is from http://tourism9.com/
By launching this contest, Amble Resorts is encouraging 2012 New Years ‘ resolutions to explore the world in search of adventure and immersion in place. It was an experience of this kind that first inspired Amble’s president, Benjamin Loomis , to found the eco-development company in 2007. Amble helps adventurous spirits from all over the globe to discover the unique cultural identities and incredible natural attributes of their chosen destinations while creating a community of travelers who share a passion to protect these precious resources.
“Travel is an intimate endeavor,” says Loomis. “You come away from a meaningful travel experience with your own perceptions and opinions. It’s these profoundly personal responses that we’re hoping everyone will share through the contest.” The contest reflects Amble’s mission to bring travelers into closer communion with the earth, other peoples, and each other. By publishing the contest entries as comments on The Ambler, Loomis hopes to spark conversations between travelers and travel enthusiasts who share a passion for adventure, culture, and the environment. This format also invites entrants to join The Ambler‘s growing travel community and read new articles published daily.
Last fall, Amble Resorts expanded their travel blog of three years by inviting travel writers and photographers to join them in their efforts to inspire and enlighten today’s most culturally sensitive and environmentally conscious travelers. Through informative articles, stunning photography, and firsthand experiences of travel writers from around the world, Amble is pioneering a new online source for travel advice. Going beyond traditional destination guides, The Ambler provides insider tips on adventures off the beaten path, lesser-known natural and cultural attractions, and secluded pieces of paradise hidden in popular tourism destinations, all presented with the ease and intimacy of a personal travel blog. The Ambler hopes to give a voice to today’s most discerning travelers and feed their appetite for life-changing travel in a forum that’s accessible to anyone with an interest in learning more about the world.
President Loomis envisions a future for The Ambler as a trusted resource for travelers from all over the world who want to find new meaning for their lives with every journey they take. Accordingly, Amble Resorts’ current development projects in Panama and Belize are designed to give travelers an intimate connection with the extraordinary natural surroundings of the location. “We’re blazing the trail to provide travelers with something they can’t find anywhere else: a luxury travel experience connected to the true spirit of a place,” says Loomis. “Our travelers respect the environment and local cultures; they recognize what is most precious in our world. We build resorts founded on these values while recognizing that the traveler’s time is precious, too. They want to be as close as possible to these life-changing experiences without sacrificing their time or comfort.”
Submissions to the Life-Changing Travel Contest will be accepted through January 15th, 2012 . The top ten finalists, as chosen by Amble Resorts, will be posted to The Ambler on January 18th, 2012 for the public to vote on their favorites through January 31st, 2012 , when the voting period will close. The life-changing travel experience that receives the most votes will be announced as the winner on February 1st , 2012.
Photos:
http://www.ereleases.com/pic/Travel-in-2012.jpg
http://www.ereleases.com/pic/Amble-travel-contest.jpg
About Amble Resorts:
Amble Resorts is an ecologically sensitive resort development company focused on providing travelers life-changing travel experiences in places of spectacular natural beauty and cultural significance. Those who want more out of travel, amble with us.
Amble Resorts is the developer of The Resort at Isla Palenque in the Gulf of Chiriqui, Panama .
Media contact: Emily Kinskey , Marketing Associate, Amble Resorts, ekk@amble.com, 773-769-1145
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com/.
This article is from http://tourism9.com/
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