Activist hedge funds are not a reason to limit the rights of shareholders

first_img Related news A recent paper finds no evidence to support the claim that interventions by activist hedge funds have a negative effect on the long-term shareholder value and corporate performance. In a paper published by the U.S. National Bureau of Economic Research (NBER), authors Lucian Bebchuk, Alon Brav, and Wei Jiang “subject this claim to a comprehensive empirical investigation, examining a long five-year window following activist interventions, and we find that the claim is not supported by the data.” Investors must fight against income inequality, SHARE says Divestment and engagement work together to drive ESG Share this article and your comments with peers on social media Keywords Shareholder activism center_img Power, politics and passivity in the public markets James Langton Facebook LinkedIn Twitter The paper focuses on 2,000 interventions by activist hedge funds between 1994 and 2007, and finds “no evidence that activist interventions, including the investment-limiting and adversarial interventions that are most resisted and criticized, are followed by short-term gains in performance that come at the expense of long-term performance.” There is also no evidence that the initial positive stock-price spike that follows an activist intervention tends to be followed by negative abnormal returns in the long term, the authors say. “To the contrary, the evidence is consistent with the initial spike reflecting correctly the intervention’s long-term consequences,” the authors say. In addition, there is no evidence that the exit of an activist investor is followed by abnormal long-term negative returns. “Our findings have significant implications for ongoing policy debates,” the authors suggest. “Policymakers and institutional investors should not accept the validity of the assertions that activist interventions are costly to firms and their shareholders in the long term,” the authors say “such claims do not provide a valid basis for limiting the rights, powers, and involvement of shareholders.” The paper, “Long-Term Effects of Hedge Fund Activism” is due to be published in the Columbia Law Review.last_img read more

SEC moving to require brokers to reveal conflicts for advice

first_imgWall street sign in New York with American flags and New York Stock Exchange background. kasto/123RF Associated Press Federal regulators in the U.S. are moving to require that brokers provide their customers with detailed disclosures of their potential conflicts of interest when dispensing advice for retirement planning and other investments.But critics say the Securities and Exchange Commission’s new measure, supported by the financial industry, doesn’t go far enough to protect retail investors against abuses. They say a stricter standard advanced under the Obama administration should apply to brokers. Task force recommends sweeping changes to OSC New IAFP program lets CFAs fast-track to planner designation Keywords Securities regulations The stricter fiduciary duty rule required all financial professionals — not just registered investment advisors — to act as trustees obligated to put their clients’ interests before their own. It was targeted for watering-down by President Donald Trump in early 2017 and defeated in the courts by the industry.Americans increasingly seek financial advice to help them navigate an array of options for retirement, college savings and more.Many financial professionals provide investment advice, but not all of them are registered advisors who are legally required to put clients’ interests above their own or to disclose potential conflicts of interest that could colour their advice. Critics of the current system say investors lose billions of dollars a year because of advice from brokers with conflicts.The change to be adopted by the SEC on Wednesday could affect how hundreds of billions of dollars in Americans’ retirement and other investments are handled by brokers. Brokers sell stocks, bonds, mutual funds, annuities and other investments, which they may recommend to clients. They sometimes receive commissions for selling specific financial products.As proposed over a year ago, the SEC best interest regulation would require brokers to tell clients how much they collect from recommending products. They would have to provide clients with a new short-form disclosure document with key facts about the broker-client relationship, including potential conflicts of interest.SEC Chairman Jay Clayton has said the regulation is “a significant step” toward increasing investor protection while also “preserving investors’ access to a range of products and services at a reasonable cost.”Brokers wouldn’t be allowed to use the term “adviser” as part of their name or title in dealings with retail investors. They also would have to give clients details of their registration status with the SEC.Critics point out that “best interest” isn’t specifically defined.“The regulations the agency is set to approve are a betrayal of the ‘Mr. and Ms. 401(k)’ investors [Clayton] pledged to protect when he undertook this rulemaking,” the Consumer Federation of America and Americans for Financial Reform said in a joint statement. “The drain on people’s hard-earned savings will continue.”Details of the final regulation, which follows an extensive public comment period for the proposal, weren’t immediately known but it was expected to fall close to the proposed plan.“What they’ve proposed is a big step forward over what we’ve got now,” said James Angel, a professor at Georgetown University’s McDonough School of Business who’s an expert on financial markets regulation.Current regulations mandate brokers recommend only suitable investments to their clients — appropriate for their age, other demographic characteristics, tolerance for risk and investment goals. That’s less stringent than the fiduciary standard.A key question, Angel suggested, is whether the SEC regulation will prohibit some especially egregious practices, such as contests rewarding brokers who sell the most products with trips to Florida in the winter and other perks.Most Main Street investors may not be knowledgeable about financial industry practices, like the fees they’re charged for investment advice or the commissions collected by their brokers. The typical client “knows they’re making money off him somehow and they’re not sure how,” Angel said.That’s something George Wheeler, a retired information tech professional in Colorado, had mused about his broker. “We were always wondering how much he was making and how he made his money. He was never clear about that. […] We were trusting that our broker was working in our best interest.”Wheeler and his wife, Rachel, say they also hadn’t known that fees were so high on the annuities the broker put them into, for which he promised annual returns of 7% or 8%. In fact, they earned 3% to 4% over a span of about 10 years, usually well below the overall stock market, they said in a telephone interview. As a result, their investment account ended up pretty much where it had started.“I would like to have retired sooner,” said Rachel, who’s leaving her job as a physical therapist at the end of this month.Also read:CSA reforms get mixed reviews Share this article and your comments with peers on social media Shuttering of national securities regulator came as no surprise to industry Related news Facebook LinkedIn Twitterlast_img read more

Ontario budget set for March 25

first_img Share this article and your comments with peers on social media Keywords Budget,  DebtCompanies Ontario Securities Commission Finance Department reports preliminary deficit of $314B for last fiscal year Facebook LinkedIn Twitter “In our 2020 budget, we will continue on our path to balance the books by 2023-24,” said Phillips.In its pre-budget submission, the Investment Industry Association of Canada (IIAC) endorsed the goal of balancing the budget over the next several years, saying it would “bolster business and investor confidence.”“We’re restoring balance to the province’s books within a reasonable timeframe, so we can continue making smart investments in frontline services like health care and education, while leaving more money in people’s pockets,” Phillips said.The IIAC’s wish list for the upcoming budget also included a tax break to encourage investing in small and medium-sized businesses; a framework to enable more public-private infrastructure investment; and reforms to securities regulation, such as allowing the Ontario Securities Commission (OSC) to issue blanket orders.It also recommended working with other federal and provincial/territorial governments to harmonize standards for collecting beneficial ownership information, and creating a central registry to house that information.Other areas that could get some attention in the budget include measures to regulate industry titles (such as financial planner and advisor), and the OSC’s recommendations for reducing regulatory burdens, some of which require legislative action. The government of Ontario will be handing down its next provincial budget on March 25.Finance Minister Rod Phillips said the budget will focus on reducing, and eventually eliminating, the deficit, which is forecast at $9 billion for the current fiscal year. Consumer debt driven by new mortgages, but credit card debt at six-year low James Langton Liberals extend Covid-19 aid with election top of mind Related news Queen's Park, Ontario legislature, exterior warasit/123RFlast_img read more

E-Commerce Transforming Business Landscape – Minister Paulwell

first_imgFacebookTwitterWhatsAppEmail Minister of Industry, Technology, Energy and Commerce, Phillip Paulwell has reiterated that e-commerce was facilitating more seamless business transactions in the island.Addressing the opening ceremony of an exposition hosted by the Small Business Association of Jamaica (SMAJ) yesterday (Nov. 22) at its Trafalgar Road headquarters, Mr. Paulwell pointed out that the recently passed e-commerce Bill would deliver greater prospects to small businesses, as they would be able to bypass expensive advertising to reach a greater market via the world wide web.“A web presence today can get you into the living rooms of thousands and millions of homes across the globe and that is where we want to be especially if we are marketing to niche areas,” the Minister said.He informed that the Trade Board would be authenticating e-businesses through the provision of security features such as e-signatures that would make e-transactions more legitimate.Furthermore, Minister Paulwell informed that the Government was steps closer to a paperless society through the institution of the e-commerce bill, as tax payment transactions were now possible over the Internet.“It is going to make life easier for businesses as well as you have a lot to do with the government. You have to pay your taxes [and] purchase certain services. You are going to be able to do that now without having to incur the unnecessary expenses of having to go to an office to wait long hours to do those transactions,” he said.Mr. Paulwell also used the opportunity to highlight legislation that has been enacted to facilitate the business sector. “Two thousand four saw the historic promulgation of our new Companies Act. This law has enabled Jamaica to be viewed some much more positively in terms of how we do business and how we facilitate business in this country, so you now have the provision of a one person company that you never had before. The process has been simplified to enable registration and all in all it lends itself to enabling smaller persons to be incorporated as businesses,” he outlined.The SBAJ’s month of activities, being observed under the theme ‘Fostering entrepreneurship in Jamaica sector by sector’, was launched by Governor- General, His Excellency Professor Kenneth Hall on November 2.During this month, there will be a training programme scheduled to commence tomorrow (Nov. 24), according to SBAJ President, Oswald Smith.“We are in the process of implementing our strategic plan to put the association in a position to fully support the development of Small and Medium Enterprises to enable them to compete effectively locally and globally,” Mr. Smith said. RelatedE-Commerce Transforming Business Landscape – Minister Paulwell E-Commerce Transforming Business Landscape – Minister Paulwell UncategorizedNovember 23, 2006 RelatedE-Commerce Transforming Business Landscape – Minister Paulwellcenter_img RelatedE-Commerce Transforming Business Landscape – Minister Paulwell Advertisementslast_img read more

Residents of Trelawny Capitalising on Popularity of Yam

first_imgRelatedResidents of Trelawny Capitalising on Popularity of Yam Residents of Trelawny Capitalising on Popularity of Yam AgricultureOctober 8, 2009 FacebookTwitterWhatsAppEmail Jamaicans can look forward to consuming tasty pastries made from yam, a popular tuber of the Cockpit country, in the parish of Trelawny.Encouraged by the claim of world sprinter, Usain Bolt’s father, that yam and other foods grown in the Cockpit country had contributed much to Usain’s performance, several residents in the area have been trying to create and promote by-products of yam and to capitalise on other business opportunities.One couple, Ms. Sedonie Brown and her business partner, Mr. Damion Hentley, have started a business venture, called ‘Sedonie’s Yam Pastry’, in Wirefence, Trelawny, where they produce various types of pastries, using yam as the main ingredient.The products were on display at the Family Fun Day and Concert, held on Sunday, October 4 at the Trelawny Multipurpose Stadium. It was organised by the Ministry of Youth, Sports and Culture, to honour the Jamaican athletes for their excellent performances at the recent International Association of Athletics Federation (IAAF) World Championships, in Berlin, Germany.Visitors at the function were able to sample a variety of wines and pastries made with yam. These included yam fruit cake, yam bun, yam plain cake, yam pineapple up-side-down cake, yam cookies, yam ‘blue-drawers’ or duckunoo and yam peanut punch. Also on display was a beverage called, the ‘Trelawny Yam Cooler’, made with yam, carrot, cucumber, ginger and lime juice.Ms. Brown, who has won several culinary competitions at her school and also at the annual Trelawny Yam Festival, told JIS News that although yam is used in all the recipes, other natural products are added to make them as “tasteful as possible.”Currently attending a six-month training course in ‘Commercial Food Preparation’, offered by HEART Trust/NTA, in Wait-a-Bit, Trelawny, she said the training has helped her to create some of the culinary delights and to improve on the taste. The products are prepared only for sale at special events or whenever orders are placed by customers, Miss Brown said, noting that there are plans to expand the operation.“I already have plans in place to get it out on the local market. The level I want to bring it to is where every householder knows, tastes and sees the Trelawny by-products. I want it to be in every supermarket, in every pharmacy, every food store. I want everybody in Jamaica and the world to know and taste the wonderful products that we have,” Mr. Hentley told JIS News.He said that he has been approached by persons and agencies that are willing to assist in expanding the business. “I have all intention of following up on that in the near future,” he pointed out.Asked about Usain Bolt’s father’s comment that yam had contributed much to his son’s performance on the track, Mr. Hentley said: “I am not sure if there is any truth to it, but I know that yam has been a part of Trelawny’s diet. I tend to come to some conclusion that there is some connection. Therefore, we are proud to continue promoting the yam by-products that we have here,” he said.Currently, scientific research is in progress to clarify whether the eating of yam has had any effect on the successes of the athletes from the area.Since 2007, Research Scientist in the Department of Basic Medical Sciences, Mona, Dr. Rachael Irving and Physical Education Lecturer with the Institute of Education and a former Jamaican Olympian, Ms. Vilma Charlton, have been collaborating with Director of the International Centre for East African Running Science (ICEARS), Dr. Yannis Pitsiladis, at the University of Glasgow, to investigate the genetic, environmental and nutritional factors that may be contributing to Jamaica’s success. RelatedResidents of Trelawny Capitalising on Popularity of Yamcenter_img RelatedResidents of Trelawny Capitalising on Popularity of Yam Advertisementslast_img read more

NSW bouncing back with R&D commercialisation

first_imgNSW bouncing back with R&D commercialisation CSIROInnovative ideas have been brought to life following the second R&D Innovation Districts Challenge. Some of projects include optimising logistics for rapid vaccine distribution, mobile apps and games to teach STEM to students, and a business tool to support the wellbeing of customer service workforces.Economic resilience was the focus of the second R&D Innovation Districts Challenge, which brings together universities, local businesses and Australia’s national science agency, CSIRO to accelerate new products and services to market, and equip the NSW economy to bounce back from COVID-19.Minister for Jobs, Investment, Tourism and Western Sydney Stuart Ayres said the second Challenge was designed to find R&D solutions that fostered economic resilience, which is vital following the economic and business disruption caused by the pandemic.“By backing businesses and driving innovation all across NSW, we’re helping to stimulate the economy, grow industries and create jobs,” Mr Ayres said.“It’s exciting that in addition to many female-run businesses, there are initiatives to address the needs of the most economically vulnerable in our communities, including people with a disability and those experiencing financial distress.”“Some very interesting ideas came out of rural and regional areas, including a world-first approach to heat-free milk pasteurisation, and a data aggregation platform for farmers.”The challenge winners sharing $500,000 in seed funding are:$250,000 – Adiona, nominated by CSIRO develop a fast, powerful domestic logistics optimisation and simulation engine that can also be applied to rapid vaccine distribution$100,000 – Arludo, collaborating with the University of NSW on a suite of mobile apps and games to teach STEM and allow students to collate science data and collaborate in real time$30,000 – Kleu Australia, teaming up with the University of Wollongong on a business tool to support the wellbeing and performance of large-scale customer service workforces$10,000 to local winners of each Innovation District: Bundlfresh, Good360 Australia, Medulla, PeepsRide, Pairtree Intelligence, Young Henrys Brewing Company, Steber International, Maxiem, New England Cheese, Studymove, HRDS Technologies, and Tribal Warrior Aboriginal Corporation.CSIRO Chief Executive Dr Larry Marshall congratulated Adiona, a former resident of CSIRO’s Lindfield Collaboration Hub, where small businesses can work alongside the national science agency to accelerate their growth with tailored commercialisation and engineering support.“CSIRO’s commitment to NSW includes working with government, research and business partners across the state to turn more world-class science into real-world solutions that create jobs and benefit for all of NSW, driving our recovery from COVID-19 and building back better for the future,” Dr Marshall said.Parliamentary Secretary to the Premier Gabrielle Upton said, “Commercialising more R&D is the central priority of the NSW R&D Action Plan. The Challenge strongly supports that outcome, solving problems while helping to grow jobs and new industries.”The NSW Government Innovation Districts Challenges program is part of a $11 million innovation scaleup commitment, designed to support business communities across NSW to develop innovations to tackle the many challenges of COVID-19. tool to support the wellbeing of customer service workforces.This media release was originally published here: /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Aboriginal, Australia, CSIRO, Engineering, Government, intelligence, NSW, research, resilience, simulation, Small Business, stem, Sydney, University of Wollongong, Western Sydney, Wollongong, younglast_img read more

Head Winemaker at Israel’s Barkan Winery Receives Prestigious Master of Wine…

first_imgPinterest Previous articleKorbel Launches New National Advertising CampaignNext articleRepublic National Distributing Company Owner Alan Dreeben Awarded Lifetime Achievement Award by Wine Enthusiast Press Release TAGSBarkan WineryIdo Lewinsohnpeople ReddIt Facebook Twitter Email Share Advertisement(Kibbutz Hulda/Israel, OCT 26, 2020) – Ido Lewinsohn, the Head Winemaker of Barkan winery, graduated as a Master of Wine (MW) from the prestigious Institute of Masters of Wine after completing all exams and thesis demands.“Lewinsohn is only the second Israeli to join the elite group of 408 Masters of Wine in the world,” commented Gabriel Geller, Royal Wine Corp.’s PR Director and Manager of Wine Education. “He is also one of the fewer than 100 winemakers to hold that distinguished title.” Royal Wine Corp. is the importer and distributor of Barkan in the United States.The Institute of Masters of Wine is an international organization founded in London in 1953 with the purpose of promoting excellence, interaction, and learning in the field of wine. Its members are all Masters of Wine, having passed stringent qualifying exams that are recognized worldwide for their high standards and precision.All Masters of Wine are known for their deep understanding of all areas of the wine business and production. Lewinsohn joins a select group of influential figures in the global wine industry including Jancis Robinson, pre-eminent wine journalist and critic; wine critics Jasper Morris and Michael Broadbent; Serena Sutcliffe, Wine Curator for Sotheby’s; and winemakers Olivier Humbrecht (Zind-Humbrecht, Alsace), Drew Noon (Noon, Australia), and Michael Brajkovich (Kumeu River, New Zealand).“Lewinsohn is one of only two Israeli Masters of Wine making kosher wine,” said Geller. “Barkan is Israel’s largest Israeli winery,” he added, “producing 1.2 million cases a year. It also has the widest presence of all wines from Israel on the American wine market.”Advertisement Linkedin Home Industry News Releases Head Winemaker at Israel’s Barkan Winery Receives Prestigious Master of Wine DesignationIndustry News ReleasesWine BusinessHead Winemaker at Israel’s Barkan Winery Receives Prestigious Master of Wine DesignationBy Press Release – October 26, 2020 159 0 last_img read more

Lawrence Tavern Main Road to Re-Open in Four Weeks

first_imgRelatedHundreds to Benefit from Perth Housing Development Related31,000 Public Sector Mortgagors to Benefit from NHT Refunds FacebookTwitterWhatsAppEmail Road rehabilitation works being undertaken along the Lawrence Tavern main road in St. Andrew are scheduled for completion within the next four weeks.The project, which commenced in March, is being executed by the National Works Agency (NWA) through a $60 million allocation under the Ministry of Transport, Works and Housing’s Hurricane Sandy Road Rehabilitation Programme.Work is to being done in the Mount Ogle community, where a large part of the road broke away during the passage of Hurricane Sandy last October. The repairs are valued at approximately $34 million and involve construction of a retaining wall and ‘U’ drain, laying of culverts, and the restoration of the affected section of roadway.Additionally, a large breakaway near the Oberlin High School, also caused by Hurricane Sandy, and which reduced that section of the road to single-lane traffic, is being fixed at a cost of $25 million.The works entail construction of a retaining wall, the improvement of the drainage infrastructure, and backfilling and asphalting of the affected section of the roadway.State Minister for Transport, Works and Housing, Hon. Richard Azan, who led a team of officials on a tour of the project sites on Monday, April 29, said he is “very happy” with the extent of the work executed so far.He noted that the repairs, which have a three-month implementation timeline, are “running ahead of schedule”.“The report is that they (contractors) will complete one project in the next two weeks and the other one in the next four weeks, so they are really going ahead of schedule. I am really happy that…, at least, we are past the worst. In the next four weeks (or so), if all goes well, this road will be open to traffic. We are satisfied…with the type of work that is being done here,” Mr. Azan said.In noting the need for maintenance of the country’s road infrastructure, Mr. Azan said the Ministry and NWA will be exploring measures to strengthen this area, during the current fiscal year.Among those accompanying the Minister were NWA Chief Executive Officer, E.G. Hunter; and Member of Parliament for West Rural St. Andrew, Paul Buchanan.N.F. Barnes Construction and Equipment Limited is executing the project at Lawrence Tavern, while Chin’s Construction Limited is undertaking works at Mount Ogle.By Douglas McIntosh, JIS Reporter Lawrence Tavern Main Road to Re-Open in Four Weeks TransportApril 30, 2013center_img Advertisements RelatedWork Commences on Granville to Retirement Road in St. Jameslast_img read more

Fresh Salmon with Peas, Pea Tendrils and Dill-Cucumber Sauce

first_imgSummer entertaining can be simple and painless. All you need to wow your guests is a natural main course paired with a creative side dish that is effortless to prepare. Summer classics like salmon and farm-to-market bone-in pork loin can be perfectly matched with fresh-from-the-market delights such as lemony peas with pea tendrils and a bright lima bean puree. Add a fresh fruit dessert along with a crisp Chardonnay or white Burgundy to sip, and your fresh, healthy, quick and easy dinner is complete and ready to impress your summer guests.Preparation for fresh salmon: Yield: 6 Servings2 tablespoons olive oil2 1/2 pound center-cut wild salmon fillet, skin and pin bones removed, and pre-portioned into 6 pieces1/2 cup fresh orange juice1/4 cup fresh lemon juice1 teaspoon sea saltpepperBrush small-rimmed baking sheet pan with one tablespoon of oil. Place salmon onto prepared baking pan. Mix orange and lemon juices in a small bowl. Pour over salmon. Drizzle remaining oil over salmon and sprinkle with course sea salt and pepper. Let stand for 15 to 20 minutes.Broil salmon on the middle rack of a preheated oven without turning fish over until opaque in the center. Chef’s Tip: Use metal skewer to penetrate center of the thickest part of fillet. If skewer penetrates the flesh smoothly without feeling the muscle tone, the fish is cooked to perfection. Watch closely, and turn baking pan once for even broiling. The cooking time is 10 to 12 minutes. Use a metal skewer to confirm it is completely cooked.Preparation for peas and pea tendrils with lemon dressing: 1/4 cup extra virgin olive oil2 tablespoons fresh lemon juice1 teaspoon sugar2 cups shelled fresh, or one 10-ounce package of thawed petite peas8 ounces pea tendrils cut into 4-inch lengthsWhisk oil, lemon juice and sugar in a small bowl. Set aside. Bring large pot of salted water to boil. Add peas, and cook for 3 minutes. Add pea tendrils, and cook for one minute. Drain, and return pea mixture to pot. Add oil-lemon-sugar dressing, and toss to coat. Season with sea salt and pepper.Preparation of dill-cucumber sauce: Yield: 2 Cups1 1/3 cups fresh dill, packed and coarsely chopped1 cup of half-inch cubed unpeeled English cucumber1 1/2 tablespoons shallot, minced1/4 teaspoon cayenne pepper3/4 cup mayonnaise3/4 cup sour creamsea saltpepperBlend dill, cucumber shallots and cayenne pepper in processor until cucumber is finely chopped (not pureed). Transfer to medium bowl. Whisk in mayonnaise and sour cream. Season with sea salt and pepper.Preparation of lima bean puree (optional):1 pound of fresh lima beans, shelled1/2 pound of white mushrooms, quartered1/2 cup chicken stockHeat chicken stock. Add lima beans and mushrooms. Cook for 5 minutes. Blend and season into puree.To plate, place broiled salmon filet onto a dinner plate. Place a serving of peas and tendril with lemon dressing on one side of the salmon. On the opposite side, lay a serving of dill-cucumber sauce. Top the center of the salmon with a nice dollop of lima bean puree.I hope you and your guests will enjoy this fantastic summer dish. Please send your comments to me at [email protected] Bon Appétit! Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Emaillast_img read more

Over €600,000 available to projects across Donegal under CEP

first_img Facebook RELATED ARTICLESMORE FROM AUTHOR Google+ Community Enhancement Programme open for applications Twitter Twitter WhatsApp Pinterest Google+ News 146 community groups in Donegal are set to benefit from a share of €12.5 million in funding announced today by Minister Michael Ring.3000 projects across the country have been allocated funding under the Department for Rural and Community Development’s Community Enhancement Programme, over €600,000 is being made available to support a large number of projects in Donegal.CEP provides capital grants to community groups and is targeted towards enhancing facilities in disadvantaged communities. Important message for people attending LUH’s INR clinic center_img Previous articleMan detained following woman’s death in KillygordonNext articleImprovement works approved for Keadue school News Highland Facebook Pinterest Renewed calls for full-time Garda in Kilmacrennan Over €600,000 available to projects across Donegal under CEP Loganair’s new Derry – Liverpool air service takes off from CODA WhatsApp By News Highland – January 4, 2019 Publicans in Republic watching closely as North reopens further Arranmore progress and potential flagged as population grows last_img read more