Kenya Airways Limited (KA.tz) listed on the Dar es Salaam Stock Exchange under the Transport sector has released it’s 2007 annual report.For more information about Kenya Airways Limited (KA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Airways Limited (KA.tz) company page on AfricanFinancials.Document: Kenya Airways Limited (KA.tz) 2007 annual report.Company ProfileKenya Airways Limited is the flag carrier airline of Kenya. It was wholly-owned by the government of Kenya until 1995 when the airline was privatised. Kenya Airways is now a public-private partnership with the largest shareholder being the government of Kenya (48.9%) and the balance owned by KQ Lenders Company 2017 Ltd (38.1%), KLM (7.8%) and private owners (5.2%). Kenya Airways offers domestic and international flights, ground handling services and handles import and export of cargo. Subsidiary companies of Kenya Airways include JamboJet Limited which provides local passenger air transport services, and African Cargo Handling Limited which provides cargo handling services. Kenya Airways Limited is listed on the Dar es Salaam Stock Exchange.
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El parlamento haitiano esencialmente se disolvió hace meses cuando finalizaron los términos de todos sus miembros, a excepción de 10 senadores. El presidente Michel Martelly, quien no puede postularse de nuevo, ha estado gobernando por decreto. El primer ministro de Martelly, Evan Paul, desempeña su cargo solo sobre una base de facto, ya que el Parlamento ha sido disuelto y por lo tanto no puede aprobar su nombramiento.En marzo, el Consejo Electoral Provisional (CEP) estableció la agenda: Dos tercios del Senado y toda la cámara baja de diputados serán elegidos el 9 de agosto; la elección presidencial será el 25 de octubre, con una segunda vuelta el 27 de diciembre si es necesario; las elecciones locales y municipales tendrán lugar en la fecha de octubre.Algunas organizaciones políticas haitianas como la progresista Coordinación Dessalines y sus aliados se oponen a elecciones mientras que la Minustah de la ONU siga imponiendo una ocupación militar del país y Martelly, impuesto por EUA, sea todavía presidente.Pero otros grupos han decidido participar.El CEP anunció el 15 de mayo que 1.515 candidatos de 98 partidos van a presentarse en las elecciones parlamentarias.Apoyo para Fanmi LavalasEl 19 de mayo se vio una gran explosión de apoyo popular para Fanmi Lavalas, el partido político fundado por el ex presidente Jean Bertrand Aristide. Miles de seguidoras/es emocionados y militantes fueron de la casa de Aristide en Tabarre para acompañar a la Dra. Maryse Narcisse, la candidata de Fanmi Lavalas para la presidencia, a las oficinas electorales.Antes, Narcisse viajó dos veces a Boston para solicitar apoyo en la comunidad haitiana donde se reunió con activistas comunitarias/os y sindicalistas haitianas/os.El 23 de mayo, el CEP informó que 70 personas se habían inscrito como candidatas/os para presidente y plantearon objeciones a las calificaciones de 23 de ellos, incluyendo a Narcisse.Dos días después de la asamblea de Fanmi Lavalas, el Asesor Especial en Haití del Departamento de Estado de EUA Thomas C. Adams, dijo a un grupo de periodistas haitianos en Washington que el Departamento de Estado consideró que era el momento “oportuno” para que Haití cambiara su calendario electoral. Dijo que no tiene el dinero para llevarlo a cabo. (Haití Sentinel, 22 de mayo)Durante los últimos 10 años la táctica que EUA y la burguesía haitiana han utilizado para asegurar que Fanmi Lavalas no ganara las elecciones ha sido no permitir a Fanmi Lavalas en la boleta electoral. Pero ahora EUA ha perdido el control de los procesos electorales. Muchos candidatos progresistas reconocidos están en la boleta electoral, como Moïse Jean-Charles de Platfòm Pitit Dessalines. Estos candidatos tienden a obtener los votos que quieren elegir las/os haitianos en lugar de votar por el mal menor.Washington recuerda lo que sucedió en 1990. Con una victoria aplastante Jean Bertrand Aristide venció al candidato respaldado por EUA que había gastado 60 veces más. Esa derrota estadounidense amenazó el control de Washington en Haití lo cual requirió dos décadas de intervención para restaurar.Para evitar un retroceso similar en las próximas elecciones, Washington está proponiendo la posibilidad de cancelar totalmente las elecciones.Es imposible perder una elección que no tiene lugar.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Reporters Without Borders is concerned by a steady decline in freedom of information in India since the start of the year. Journalists and Internet users are often the victims of violence and censorship. In the past few weeks, journalists and netizens have been physically attacked, prevented from covering military activity and arrested for disseminating information online.At the same time, the government has rejected a plan for protecting journalists that was proposed at UNESCO, courts have tried to increase restrictions on media coverage of judicial proceedings and two ongoing court cases about online content could increase the responsibility placed on Internet companies.“A series of moves by various branches of the state have threatened and undermined freedom of information,” Reporters Without Borders said. “Both federal and local authorities keep taking repressive decisions. We urge the government to take systematic account of the need to protect journalists and their ability to work freely.“We also call on the government to abandon any thought of generalized Internet control and surveillance and to rescind the Information Technology regulations adopted last year, known as the IT Rules 2011, as they jeopardize online free expression. At the same time the relevant judicial authorities must drop proceedings against several Internet companies in connection with ‘offensive’ content.“We have until now refrained from commenting on journalist Syed Kazmi’s detention for his alleged role in the bombing of an Israeli diplomat’s car. But, after his recent statements, we are concerned about the possibility that he is being mistreated and we call for a thorough investigation into the basis of the allegations against him. The justice system has a duty to ensure that he was not arrested simply because his political views do not meet with approval.“The lack of transparency in the Kazmi investigation, at a time when the supreme court, at the start of April, talked of a charter for regulating media coverage of its activities, is unacceptable. The media’s right of access to information, and the public’s right of access via the media, cannot be questioned.“The Indian media need the authorities to guarantee their rights and safety rather than concern themselves with the media’s responsibilities, which are already sufficiently regulated. In this regard, India’s rejection of the UNESCO action plan for the safety of journalists is regrettable and reflects the government’s flagrant lack of concern for journalism and the media.”Threats and violenceIn one of the latest cases of violence, Kamal Shukla, the local bureau chief of the Hindi-language daily Rajasthan Patrika, was attacked in his office in Kanker, in the eastern state of Chhattisgarh, on 11 April by political activist Anupam Awasthi. Accompanied by two other men, Awasthi beat Shukla on the back and shoulders with a steel bar and smashed his computer and camera. He had to be hospitalized for five days.The attack was apparently prompted by articles about illegal logging in Chhattisgarh that Shukla wrote for local newspapers and the citizen journalism website CGNet Swara at the end of March. Shukla’s revelations, subsequently picked up by national newspapers, included the claim that a village official involved in the illegal logging was the brother of Chhattisgarh’s minister of forests.According to the International Federation of Journalists, Awasthi is an associate of the minister and, before the attack, had tried to bribe Shukla to drop the story.The attack came three weeks after India, along with Pakistan and Brazil, rejected a proposed action plan on safety for journalists and the problem of impunity at a UNESCO meeting in Paris on 23-24 March. Discussed by members of the Intergovernmental Council of the International Programme for Development of Communication, it included concrete recommendations for improving the safety of media personnel and asked members countries to adopt legal measures for the prosecution of those responsible for murders of journalists.Member countries were also invited to present reports on the progress that had been made in investigations into murders of journalists that took place from 2006 to 2009.Access to information obstructedAlthough India did not refuse to report on the status of ongoing investigations at the UNESCO conference, transparency does not seem to have been respected in the investigation into detained journalist Syed Mohammed Ahmad Kazmi’s alleged complicity in the 13 February bombing of Israeli defence attaché Alon Yehoshua’s car in New Delhi, in which his wife, fellow Israeli diplomat Tal Yehoshua, was seriously injured.On 16 April, the Decca Herald quoted Kazmi as saying the police had forced him to sign blank papers, threatening “consequences” for his family if he refused.Held since 6 March for allegedly helping to prepare the bombing, Kazmi works for the Iranian News Agency (IRNA), the Indian TV station Doordarshan, the BBC and several Urdu-language newspapers. He also heads his own Urdu-language news agency, Media Star.Several journalists’ organizations think Kazmi may have been arrested because of the political views he often expresses in his articles. His lawyer, Gajinder Kumar, took the same position at a recent hearing, saying he was being “punished for a crime did not commit.” The Kazmi Solidarity Committee, which includes several leading Indian media figures, has condemned the lack of information provided by the police and prosecutors, who have managed to prevent the evidence against Kazmi being made public. India’s supreme court has meanwhile said it wants to draft guidelines for media coverage of court proceedings into order to achieve a balance between the right to media freedom and the rights of defendants. The grounds for the view that guidelines are needed is said to be concern that the media sometimes influence public opinion with reports that are unverified or baseless.In a 30 March article on The Hindu’s website, journalist Siddharth Varadarajan voiced alarm at the possibility that the supreme court would itself draft a code of conduct with which journalists would have to comply. “This would open the door to the other branches of government (…) making similar demands on the media as a precondition to gaining access to parliament and legislatures, ministries, public institutions, hospitals, universities etc,” Varadarajan wrote.He added: “The natural instinct of most politicians and bureaucrats is to hide or suppress information on one pretext or another. The adoption of media guidelines by the supreme court would embolden them, further undermining the public’s right to be informed.”In another court attempt to restrict reporting, the Allahabad high court in Uttar Pradesh (a northern state adjoining the capital) issued an order on 10 April banning any media coverage of supposed tension between the government and armed forces about army unit movements towards the capital on 16 January that reportedly took place without the government’s prior agreement. The ruling was issued in response to a suit filed a few days earlier by political activist Nutan Thakur voicing concern that media coverage of this controversy might threaten national security. Press Council of India president Markandey Katju announced on 12 April that he intended to challenge the court’s ruling.Netizen harassed for posting cartoon on FacebookAmbikesh Mahapatra, a chemistry professor at Jadavpur University in Kolkata, the capital of the eastern state of West Bengal, spent the night of 12 April in detention for emailing and posting a cartoon of West Bengal’s female chief minister Mamata Banerjee, the founder of the All India Trinamool Congress party (TMC), on Facebook. He was arrested when he tried to report an attack by TMC supporters.The cartoon alluded to TMC member Dinesh Trivedi’s “forced” resignation as India’s railway minister after announcing a fare increase. According to the Jagran Post, Trivedi had to resign because Banerjee wrote to Prime Minister Manmohan Singh requesting his replacement as railway minister by another TMC leader, Mukul Roy. News News IndiaAsia – Pacific RSF_en March 3, 2021 Find out more RSF demands release of detained Indian journalist Siddique Kappan, hospitalised with Covid-19 News IndiaAsia – Pacific In rural India, journalists face choice between covering pandemic and survival Follow the news on India to go further Receive email alerts From top to bottom:1. Looking at the Indian Railways logo, Mamata Banerjee tells Mukul Roy: “See Mukul, theGolden Fortress.”2. Looking at railway minister Dinesh Trivedi, Mukul Roy exclaims: “That’s an evil man!!!”3. Mamata says: “Evil man, vanish!”India Today quoted West Bengal’s labour minister, Purnendo Bose, another TMC member, as saying Mahapatra’s arrest was justified because the cartoon consisted of real photos.Released on bail by an Aliport court after being held overnight, Mahapatra is facing three charges under the criminal code – insulting a woman’s modesty and humiliating a woman, which carry a possible one-year jail term, and defamation, for which the maximum sentence is three years in jail. He is also charged under the Information Technology Act with using a computer to cause an offence, for which he could be fined and jailed for three years.A supplement to the 2000 Information Technology Act, adopted year ago and known as the IT Rules 2011, was condemned by Reporters Without Borders in a May 2011 press release as major threat to online freedom of expression.Mahapatra’s arrest has been condemned by university colleagues and by members of the Communist Party of India (CPI-m), the main opposition party in West Bengal, as a violation of freedom of expression. Other cartoons of Banerjee are circulating on Facebook. According to several Indian media outlets, the West Bengal Criminal Information Department has written to Facebook requesting the withdrawal of four of these cartoons and the IP address of the computer from which they were first posted.Several Internet companies dropped from civil suitOn 12 April, New Delhi judge Praveen Singh ordered that Google India, Exbii, IMC India, My Lot, Shyni Blog, Topix, Zombie Time, Boardreader and several other Internet companies be excluded from a civil suit that a private individual brought against a total of 22 Internet companies because of “offensive” content.As Yahoo! and Microsoft were previously excluded, only six companies – Facebook (India and US), Google Inc, Orkut, YouTube and Blogspot – are still targeted by the suit. The judge accepted Google India’s argument that it is just a software development company that has no influence over the content posted on Google’s various platforms.Two cases, one civil and one criminal, were brought by private individuals against Internet companies over allegedly offensive content at the end of last year. Reporters Without Borders urges the Indians courts not to hold Internet companies responsible for the content that third parties post on their platforms.India was added to the countries “under surveillance” in the “Enemies of the Internet” report that Reporters Without Borders issued last month. June 10, 2021 Find out more India: RSF denounces “systemic repression” of Manipur’s media April 27, 2021 Find out more Organisation Help by sharing this information April 19, 2012 – Updated on January 20, 2016 Media freedom threatened by violence, censorship and curbs on access to information News
Related documents Asesinados y desaparecidosPDF – 146.68 KB April 28, 2021 Find out more ———————————6.08.10 – Three alleged cartel members arrested for last month’s abductions in Durango News May 5, 2021 Find out more Organisation Ulises González García, the editor of the regional weekly La Opinión, who was kidnapped from his home in Jérez, in the state of Zacatecas, on 29 July, was released in the early hours of 9 August and was rushed to a private hospital for treatment to the injuries received during his abduction, some of which appeared to have been caused by torture.Reporters Without Borders is relieved by the news but stresses that there is no sign of any improvement in the general press freedom situation in Mexico. Like nearby Honduras, Mexico continues to be one of the world’s most dangerous countries for journalists.The press freedom organisation takes this opportunity to issue a list of all the journalists who have been murdered in Mexico since 2000 and all those who have been reported missing since 2003. It includes cases in which the motive was clearly linked to the victim’s work as a journalist and those in which the motive has yet to be established. MexicoAmericas to go further Three alleged members of the feared Sinaloa Cartel were arrested on 4 August for their suspected involvement in the abduction of four journalists last month in the northwestern state of Durango.Multimedios Laguna cameraman Javier Canales Fernández, Televisa cameraman Alejandro Hernández Pacheco, Televisa reporter Héctor Gordoa Márquez and El Vespertino reporter Oscar Solis Gurrola were kidnapped on 26 July, a few hours after covering a demonstration against the dismissal of a prison governor.The arrests come at a time of constant violence in Mexico. Journalists are planning to stage peaceful marches at midday tomorrow in Mexico City and various other states such as Chihuahua, Chiapas, Nuevo León and Sonora. These states have been badly hit by the mayhem resulting from the federal offensive against drug trafficking, in which more 30,000 have been killed since December 2006.The journalists are calling for guarantees for their safety and effective measures to combat impunity and reduce the particularly high level of murders and disappearances of journalists.Reporters Without Borders hails the progress in the investigation into the Durango abductions but there is unfortunately still no news about Ulises González García, the editor of the regional weekly La Opinión, who was kidnapped from his home in Jérez, in the state of Zacatecas, on 29 July. Mexico is ranked 137th out of 175 countries in the Reporters Without Borders press freedom index. May 13, 2021 Find out more Follow the news on Mexico The relief at the release of the four journalists who were kidnapped on 26 July in Gómez Palacio, in the northwestern state of Durango, was short-lived. As the last two of the four journalists were freed, it was being reported that Ulises González García, the editor of the local weekly La Opinión, had been kidnapped in the early hours of 29 July from his home in Jérez, in the neighbouring state of Zacatecas.González joins the list of 11 journalists reported missing since 2003. His abduction capped a particularly tragic July for Mexico’s media with a total of three journalists murdered. Their deaths have brought the total number of journalists killed in Mexico since 2000 to 67.González’s colleagues told Reporters Without Borders they did not know why he was abducted. According to local sources quoted in the Mexican press, a large ransom has been demanded. Neither his relatives nor his newspaper were volunteering any details.The Zacatecas state attorney-general’s office confirmed to Reporters Without Borders yesterday that it has known about his kidnapping since 29 July but it also declined to provide any details because of the secrecy surrounding the investigation. It added that it was aware that recent issues of González’s weekly had referred to organised crime activity in Jérez.The federal authorities must assist in an all-out effort to locate González which should be conducted in transparent manner and which hopefully will have as successful an outcome as the search for the last two journalists held in the Durango abductions, Multimedios Laguna cameraman Javier Canales Fernández and Televisa cameraman Alejandro Hernández Pacheco, who were freed in the early hours of 31 July.Televisa reporter Héctor Gordoa Márquez, who was kidnapped at the same time as Canales and Hernández by gangsters claiming to be members of the Pacific Cartel, had been released two days earlier. It has emerged that the fourth Durango kidnap victim, El Vespertino reporter Oscar Solís Gurrola, was freed a few hours after being abducted from his home. All four journalists were kidnapped shortly after covering a demonstration against the dismissal of Gómez Palacio prison governor Margarita Rojas, who is alleged to have acted in complicity with other local officials in allowing prisoners convicted on drug trafficking charges to leave the prison.In three videos announcing their demands, the kidnappers accused the police in the states of Durango and Coahuila of colluding with Los Zetas, a paramilitary group. It was one more example of how the drug cartels try to use to press for public relations purposes or to undermine rival gangs.The day that the journalists were freed in Durango, a Televisa bureau was the target of a grenade attack in Nuevo Laredo, in the northeastern border state of Tamaulipas. The grenades caused damage but no injuries.Police evacuated the offices of the Norte and El Mexicano newspapers in the northern border city of Ciudad Juárez (in Chihuahua state) yesterday after anonymous calls were received announcing that they were about to be bombed. Journalists were shaken but no one was hurt, as the calls turned out to have been a hoax.More and more Mexican journalists are fleeing the country because their work has become so dangerous. One of the latest to do so is Martín López Castro of Canal 44 TV in Ciudad Juárez, who fled across the border to El Paso, Texas, on 27 July after seeing graffiti that threatened him with decapitation.Reporters Without Borders urges the US authorities to grant López’s asylum request, as they have in the past with other journalists who were supported by Reporters Without Borders. ——————————–11.08.2010 – Newspaper editor freed after being held by abductors for 10 days NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say August 27, 2010 – Updated on January 20, 2016 Third bomb attack on national TV network’s offices in 10 days ——————————————3.08.2010 – After four releases, tragic July ends with another abduction and a flight into exile Receive email alerts Reports News 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies News MexicoAmericas RSF_en Joint action by both federal and local authorities is needed to protect the regional offices of the national TV network Televisa after a car-bomb exploded in the early hours of today outside the Televisa office in Ciudad Victoria, in the northeastern border state of Tamaulipas.It was the third such attack on a Televisa office in the past 10 days. Similar explosions previously rocked the network’s bureaux in Matamoros (Tamaulipas) on 14 August and Monterrey (Nuevo León) on 15 August.No staff were present at the time of today’s explosion in Ciudad Victoria and no one was hurt. But the blast damaged the building’s facade and interrupted local transmission of the station’s signal.Today’s attack came shortly after the discovery of the bodies of 72 Central and South American clandestine immigrants on a ranch near Ciudad Victoria. Did news coverage of this tragedy prompt this attack on a national network? The police investigation must address this question.______________17.08.10 – Grenades thrown at two Televisa bureaux in northeastern cities in one nightGrenades were thrown from moving cars at the bureaux of the national TV station Televisa in two northeastern cities – Matamoros (in Tamaulipas state) and Monterrey (in Nuevo León state) – on the night of 14/15 August, causing serious damage in both cases and slightly injuring two people in Monterrey.The grenade attack on the Matamoros bureau took place at around 9 p.m. on 14 August. It was the second such attack on a Televisa bureau in Tamaulipas state in the past few weeks. The grenade attack on the Monterrey bureau took place at around 1:30 a.m. on 15 August.According to the information obtained by Reporters Without Borders, the office of the Federal Attorney General’s office (PGR) in each state has opened an investigation into the attacks. Nonetheless, no PGR representative had questioned any Televisa personnel by late yesterday despite the need for urgency.The Televisa bureau in Monterrey was the target of a similar attack in January 2009 and the journalists there say they are under constant threat from drug traffickers. The staff of these bureaux should be given greater protection. Reporter murdered in northwestern Mexico’s Sonora state Help by sharing this information
Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Sign up for DS News Daily EGRPRA FDIC Federal Reserve Financial Regulatory Burden OCC 2014-11-14 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Government Agencies to Host Outreach Meeting to Discuss Financial Regulatory Burden Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Government Agencies to Host Outreach Meeting to Discuss Financial Regulatory Burden Demand Propels Home Prices Upward 2 days ago Three government agencies – the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (FDIC) – will host the first in a series of outreach meetings in December 2 in Los Angeles.The purpose of the meeting will be for the agencies to discuss their collective effort to reduce regulatory burden placed on community banks by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA).The agencies are required by the EGRPRA to review their regulations at least once every 10 years in order to identify outdated or unnecessary regulations that are imposed on deposit institutions that are insured. The regulations are divided into 12 categories as required by the EGRPRA, and the first set of categories was published in the Federal Register for comment in June. Three more public notices will be jointly published by the agencies over the next two years for public comment on the remaining regulations.The series of outreach meetings are part of the EGRPRA review to allow interested parties to comment on regulatory burden directly to the government agencies. The meetings will be open to bankers as well as representatives of consumer and community groups and other interest parties. At the outreach meetings, industry participants and panel groups will offer panel presentations, and audience members or interested parties will have the opportunity to comment at the end of each panel presentation. Audience members may also present views on any of the regulations under review during a session at the end of the meeting. Participants who do not wish to comment orally may submit their comment in writing at the meeting or through the EGRPRA web site.”Community bankers are encouraged to attend an EGRPRA outreach meeting to share their views on how to reduce unnecessary burdens in OCC, FRB, and FDIC regulations,” the agencies jointly wrote in a press release. “For those unable to attend the Los Angeles meeting in person, a live webcast will be available at the EGRPRA web site. “The December 2 outreach meeting will be at the Los Angeles branch of the Federal Reserve Bank of San Francisco. Space is limited for the event; registration for the meeting will be open until November 26 or until all seats are filled. Similar outreach meetings are scheduled in 2015 to take place in Dallas, Boston, Chicago, and Washington, D.C. Previous: CFPB Penalizes California Mortgage Lender for Illegally Compensating Employees Next: DS News Webcast: Friday 11/14/2014 Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: EGRPRA FDIC Federal Reserve Financial Regulatory Burden OCC Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 14, 2014 650 Views Demand Propels Home Prices Upward 2 days ago Share Save in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe
Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Commentary / The Digital Mortgage Revolution: Servicing Challenges to Implementation Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: AI eMortgages Machine Learning Technology Previous: Tackling Foreclosure Challenges in Motor City Next: The Week Ahead: Bringing Together Law Firms and Mortgage Servicers AI eMortgages Machine Learning Technology 2019-05-03 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Stanley Street Subscribe in Commentary, Daily Dose, Featured, Journal, News, Servicing, Technology The Week Ahead: Nearing the Forbearance Exit 2 days ago Stanley Street is a leader in the mortgage warehouse lending industry and a frequently cited expert on mortgage banking finance. He currently manages the strategic vision of Street Resource Group, Inc., a provider of information systems and business process consulting to the financial services industry. The company’s flagship technology product, the SRG Warehouse Loan System (WLS), completely automates the entire mortgage warehousing process and improves efficiency and profits for both warehouse lenders and mortgage originators. Street can be reached at [email protected] Print This Post Demand Propels Home Prices Upward 2 days ago May 3, 2019 8,369 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago With all the advancements in AI, machine learning, and similar developments taking place, it seems our industry is on the verge of a real digital mortgage revolution. On the other hand, it can also feel as though adoption isn’t happening quickly enough. Why is this?Certain obstacles to implementing technology are beyond a lender or servicer’s control. For example, the IRS does not yet provide instant turnaround on tax transcript requests, and some states still require pen-and-ink signatures on closing documents.On the other hand, most lenders and servicers face their own challenges when it comes to implementing new technologies. Here are several reasons why, and some quick thoughts on how they can be addressed.A Complex Financial ChallengeThe most obvious challenge to implementing new technology is financial—but there’s more to it than numbers alone. Many lenders and servicers are experiencing shrinking profit margins and consecutive quarterly losses. It’s not just the cost of buying or building technology that matters, either. There is the additional cost of running dual systems during the time that new technologies are being implemented and tested.As just one example, more lenders are adopting hybrid eClosings, where the note is signed in ink and submitted electronically for recording. However, fully electronic eNotes are clearly the better option—they’re more convenient for borrowers and make it much easier to perform automated reviews on loan files. However, relatively few lenders have adopted them.Until eNotes are more widely embraced, lenders, servicers, and their warehouse partners will need to accommodate both eNotes and hybrid eNotes, which adds costs to the equation. It’s an investment that will ultimately pay off, but can be difficult to justify at this time.The Investment in Vendor SelectionEvaluating technology vendors properly is absolutely essential at a time when profits are already tight. But the evaluation process also requires its own investment.The objective behind evaluating vendors is to get to the truth behind the technology being offered to you and to avoid vaporware at all costs. It’s critical to get references from other clients, even competitors, to determine whether you’ll get what you’re paying for. If a new technology provider has no track record of results, that could be an obvious red flag.Lenders and servicers must carefully examine, quantify, and ensure the ROI behind a technology before selecting a vendor. They should also consider the time and effort required to implement the technology, including the amount of training required of staff, as well as any potential hidden obstacles or capability gaps.Planning for ChangeImplementing technology inevitably demands a change in business processes. To make this transition successfully, it takes a strong buy-in and a commitment from the entire organization, as well as a willingness to invest the proper time into training. Lenders and servicers must also plan for successful cutovers to ensure their business operations and customer-service levels will not be disrupted or compromised during the implementation stageImplementing any new platform, system, or software takes a great deal of coordination. If the project manager leading the implementation is consumed with existing work priorities, the process will take longer, which adds even more expense. Even after implementation, the benefits of new technology must be constantly tested and demonstrated to your team.None of this is to say that implementing new technology isn’t worth the effort. In the short term, it may seem that way, but if pursued wisely and for the right reasons, it will pay off. It just takes real commitment, a well-defined implementation strategy, an effective training plan—and, usually, having the right partner by your side. The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Digital Mortgage Revolution: Servicing Challenges to Implementation Related Articles
The approval for the pre-investment phase of the second stage of the Power of Siberia project enables Gazprom to begin the development of a feasibility study and the design-and-survey works Gazprom management committee chairman Alexey Miller briefing Russian President Vladimir Putin on the Power of Siberia project. Photo courtesy of Gazprom. Gazprom said that it has been given the nod from Russian President Vladimir Putin to move ahead with the pre-investment phase of the second stage of the Power of Siberia project.Considered to be the largest gas transmission system in Russia’s East, the Power of Siberia project is being developed in three phases.The first phase comprises nearly 2,200km of pipeline laid from the Chayandinskoye field in the Yakutia region to Blagoveshchensk at the Chinese border. It began operations in December 2019 by supplying Russian gas to China.Details of the second stage of the Power of Siberia projectThe second stage of the Power of Siberia project will involve the construction of an 800km long pipeline section from the Kovyktinskoye field in the Irkutsk region to the Chayandinskoye field. The Kovyktinskoye onstream is slated to be brought online in late 2022.The Chayandinskoye field, which has reserves of 1.2 trillion m3 of natural gas, is the basis for the Yakutia gas production centre. On the other hand, the Kovyktinskoye field, which has reserves of 2.7 trillion m3 of natural gas, will be the basis for the Irkutsk gas production centre.According to Gazprom, the third stage of the Power of Siberia pipeline project will call for expansion of gas transmission capacities between the Chayandinskoye field and Blagoveshchensk. This will include the construction of the Amur Gas Processing Plant near the Chinese border, which will have a design capacity of 42 billion m3 of natural gas per year.The approval of the pre-investment phase of the project’s second stage enables Gazprom to begin the development of a feasibility study and the design-and-survey works.Upon its full completion, the Power of Siberia project will have an export capacity of transporting 38 billion cubic meters of gas per year. In May 2014, Gazprom signed a sales and purchase agreement with CNPC to buy the Russian gas delivered by the pipeline for 30 years.
Home » News » Marketing » Boomin promises launch ‘soon’ as it prepares TV and radio blitz previous nextMarketingBoomin promises launch ‘soon’ as it prepares TV and radio blitzBruce brothers’ property portal has now been in preparation for a year, its marketing chief reveals.Nigel Lewis6th February 20210692 Views Boomin has promised that its launch will be ‘sooner rather than later’ as it finalises plans for a national TV and radio marketing push, and says time to gain ‘founder status’ is running out.Thousands of estate agents and 50% of the UK’s top 100 estate agencies have now signed up to be the founding members of the platform, which promises to be a new kind of property portal.“Quite apart from the benefits of the platform, Founder Agent status secures agents other benefits including a free equity share allocation, affordable pricing and cost certainty until 2024 and the opportunity to participate in the process for board representation,” says CEO Michael Bruce.Its marketing chief Phil Lloyd (pictured) who made his name at Paddy Power and Carwow, says the campaign has been a year in the making and will bring ‘genuine freshness and excitement’ to the housing market.“We are excited to provide our Founder Agents with advertising, across a range of channels from live TV through to social and beyond, which will deliver for them new business opportunities and additional revenue streams,” he says.Signing up enough agents to give a portal at least 80% coverage of the property market is essential to attract and retain home buyers to a platform like Boomin.In pursuit of this aim, Boomin has revealed its latest tranche of independent agents.These are Killens (Somerset); Watt & Morgan (South Wales); Hern & Crabtree (Wales); Park Row (Yorkshire); Fenn Wright (Essex and Suffolk) and Brian Cox (Middlesex).Boomin has also signed up four London agents who are Butler & Stag, Tatlers, Ellisons and Black Katz.Michael Green (pictured, left), a Partner of Tatlers says: “Tatlers take pleasure in announcing our partnership with Boomin.“We pride ourselves on always being at the forefront of new innovations that enhance our clients property experience.”Tatlers Phil Lloyd Boomin Michael Green Michael Bruce February 6, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021