Arab Center http://arabcenter.net/ Tue, 10 May 2022 21:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://arabcenter.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Arab Center http://arabcenter.net/ 32 32 Local Registered Nurse Honored with Prestigious Leadership Award https://arabcenter.net/local-registered-nurse-honored-with-prestigious-leadership-award/ Tue, 10 May 2022 21:00:00 +0000 https://arabcenter.net/local-registered-nurse-honored-with-prestigious-leadership-award/ “Bryce always finds a way to make people smile. He nurtures – like a big brother to many of his peers. He is their greatest team player’

A local registered nurse who “always finds a way to make people smile” is the recipient of the 2022 Leslie Burt-Manary Leadership Award.

Bryce Cherry, “an incredible leader,” was surrounded by his peers from the inpatient surgery department when the award was announced and presented.

Bryce has been an RN in inpatient surgery for most of his 18-year career, a North Bay Regional Hospital press release says.

“He is a natural leader, who always presents himself as a mentor. He goes out of his way to provide feedback and encourages others to give their best. He is patient and is the go-to person for new and more experienced employees. , to ask questions or get help when learning new skills, helping to build confidence. Works with co-workers through problems and encourages them to think creatively. critical to reaching their full potential.

Often a unit leader on nights and weekends, Bryce makes sure everyone on the team is comfortable and not overwhelmed, according to the statement. He makes contact with the team and also participates in patient care, even when he is “on the desk”. He is an advocate for the patients and the unit so that she has the best working environment and collegiality possible. It goes above and beyond in so many ways; take the time to answer questions thoroughly and provide positive feedback to patients and staff.

“He nurtures – like a big brother to many of his peers. He is their greatest team player,” the statement added.

The award honors Leslie Burt-Manary, a dedicated nurse who died of cancer in 2017. To celebrate Leslie’s life, her mother established an endowment fund and award as a lasting legacy to celebrate nursing leadership , which offers an annual grant for professional development.

“This award is an important part of our celebration of Nurses Week,” says Joanne Laplante, Chief Nursing Officer. “It showcases the qualities of nurses, their knowledge, skills, compassion and dedication to patient care, no matter the circumstances oriented.”

“The endowment and scholarship are a meaningful way to remember the impact Leslie has had on motivating others to continue their education and aspire to become the best nurses they can be,” said Tammy Morison, president of the NBRHC Foundation.

Burt-Manary was born in France in 1959 and graduated as a Registered Nurse from Canadore College in North Bay in 1979. She began working at the old Civic Hospital in 1987 and continued her career at CRSNB.

“Leslie loved being a nurse and often said, ‘It’s not just what I do, it’s who I am.’ said her mother, Pauline Burt. “Leslie had a positive outlook on life and shared her cancer experience on social media in hopes of demystifying the journey and helping others. accompanied throughout his illness”,

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International Monetary Fund (IMF) continues to tout Belize Blue Bond https://arabcenter.net/international-monetary-fund-imf-continues-to-tout-belize-blue-bond/ Tue, 10 May 2022 18:32:08 +0000 https://arabcenter.net/international-monetary-fund-imf-continues-to-tout-belize-blue-bond/



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Posted: Tuesday, May 10, 2022. 12:32 p.m. CST.

By Aaron Humes: The International Monetary Fund (IMF) has praised Belize’s unique Blue Bond initiative – saying in a recent article that it has provided a “vital boost” to the survival of the barrier reef thanks to funds made available for marine conservation.

The Blue Bond is a so-called “debt for nature” swap in which the Nature Conservancy (TNC), through a subsidiary, lent funds to Belize to redeem the US$553 million “Superbond” – a debt external trade equivalent to 30% of national GDP – at 55 cents on the dollar by issuing US$364 million in blue bonds underwritten by Credit Suisse and insured by the US International Development Finance Corporation (DFC) at a low interest rate, a grace period of 10 years and 19 years maturity.

Belize in return agreed to spend US$4 million on marine conservation through 2041; doubling its marine protection parks – covering coral reefs, mangroves and seagrass beds where fish spawn – from 15.9% of its oceans to 30% by 2026 and creating a $23.5 million endowment fund dollars to fund conservation after 2040.

Jaime Guajardo, IMF Mission Chief for Belize, said the agreement was extremely beneficial for the country and contributed to the authorities’ goals of restoring debt sustainability, promoting sustainable development and building disaster resilience. natural and climate change.

The IMF says that while these swaps are not new, essentially functioning as subsidies for bilateral debt, the Belize deal is unique because the bond market provided the subsidy by discounting the price, and the Superbond debt owed to private creditors was repaid by financing a different category of private investors. It’s more complicated than previous similar swaps and investors were cautious due to Belize’s history of defaults and deferrals dating back to 2010.

Support from the US DFC led to a strong Aa2-grade credit rating from Moody’s, as well as TNC’s three-decade conservation programs in the country, ensuring investors could be confident the promised marine protection would actually take place. . In other words, they would not be accused of “bluewashing”.

The IMF says similar swaps can now be arranged like Belize and Seychelles and TNC is exploring similar deals with seven other countries, but none with the size of Belize’s debt to GDP ratio and savings from on the initiative.

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A major aspect of being a UK landlord is understanding the purchase to let tax you have to pay, and there could be changes in store for the area.

Landlords and small businesses, as well as advisers, are being asked to give their views on the buy-to-let tax in a survey by the Office for Tax Simplification (OTS).

Those operating in the sector have had to deal with numerous tax changes over the past few years, including income tax on rental gains, capital gains tax on the sale of property and changes to mortgage interest relief.

The consultation aims to deduce which aspects of the taxation of property income are particularly complicated and difficult to master for owners. He asks for suggestions for improvements from people facing these taxes.

It covers both rental income from a property after deductible long-term deductions, as well as the furnished vacation rental regime, which applies to qualifying short-term rentals. A growing number of landlords have turned to short-term rentals in the wake of Covid.

Overview of purchase taxes for rental

Section 24 of the Finance Act 2015, which limits all tax relief on housing finance costs to the base rate of 20%, is one of the most controversial homebuyer tax changes. lease. It came into full effect in April 2020 and had a major impact on some owners.

Some landlords have chosen to form a limited company when investing in new rental properties. This means that corporation tax applies, which may be lower than the higher rates of personal income tax. More buy-to-let businesses were created in 2021 than in any previous year.

The buy-to-let tax on income from rental property has changed and the personal allowance is currently £12,570 at the time of writing. Owners pay 20% tax on income between £12,571 and £50,270.

The highest rate is then £50,271, where 40% tax applies on profits above this amount from rental income.

In terms of capital gains tax, which applies when selling a second home or rental property, there have been several changes in recent years. Property owners currently have 60 days to report and pay this tax when selling a property.

Abolition of stamp duty

During the pandemic, the stamp duty was temporarily abolished by the government in order to stimulate the housing market. The incentive appeared to be successful and was one of the drivers of the huge real estate appetite seen across the country over the past two years.

As of October 2021, rates have resumed, which includes an additional 3% surcharge for anyone purchasing a second property or investment property. As a rental purchase tax, this can add a large sum of money to any purchase by a landlord.

There have been many calls to shake up the stamp duty and remove the surcharge to bring more owners into the market. With more households living in the rental market than ever before, it is essential that there is sufficient stock available to tenants.

What is the OTS survey about?

As anyone renting a property in the UK must pay the correct tax, the OTS aims to ensure that the system is easy enough for everyone to understand and follow.

It asks questions about whether you’ve had difficulty understanding how taxable profits are allocated and whether you’ve had difficulty understanding the relief available on mortgage interest paid.

He also questions awareness of things like the £1000 land allowance and asks where you go for tax advice.

The survey is open until June 5.

BuyAssociation specializes in connecting investors with the best real estate investment opportunities available for their purposes. We can also put you in touch with independent advisers who can help you with your decision. Contact us for more details.

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RDA inflows top $4 billion through April 2022 https://arabcenter.net/rda-inflows-top-4-billion-through-april-2022/ Tue, 10 May 2022 01:00:00 +0000 https://arabcenter.net/rda-inflows-top-4-billion-through-april-2022/

KARACHI: The country has received over $4 billion through the Roshan Digital Account (RDA) through the end of April 2022, providing support for dwindling foreign exchange reserves.

The RDA reached $4.2 billion from September 2020 to April 2022, data from the State Bank of Pakistan (SBP) showed on Monday. In April, these entries reached 245 million dollars.

Expats from 175 countries opened 403,750 accounts, showing that an increased number of Non-Resident Pakistanis (NRPs) sent funds through this program. The number of digital accounts reached 388,494 at the end of March.

The latest data showed that these funds remained intact and the change of government in Pakistan did not affect these flows as expected earlier. The investment schemes, launched under RDA, known as Naya Pakistan Certificates (NPC), offer attractive rates in both Rupees and major foreign currencies such as USD, GBP and Euro.

The SBP data also showed that a significant amount of GDR funds are invested in both NPCs and the capital market. From September 2020 to the end of April 2022, total investment in NPCs was $2.8 billion, including $1.4 billion invested in conventional NPCs and $1.2 billion in compliant instruments in Sharia. Expats have invested $38 million in the stock market.

PCNs are higher yielding instruments. In dollar terms, three-, six-, and 12-month NPCs offer a profit rate of 5.5%, 6%, and 6.5%, respectively. For three- and five-year certificates, the yield is 6.75% and 7%, respectively. Rates of return in rupees are much higher, ranging from 9.5% to 11% over different durations.

These inflows contribute to accumulating the country’s foreign exchange reserves at a time when the country is in dire need of external financing. With the current account deficit soaring and the central bank’s foreign exchange reserves falling to $10.5 billion (enough to pay for less than two months of imports), the country’s economic difficulties are deepening.

Analysts said initiatives for overseas Pakistanis such as RDA should be prioritized and proper channel flows for remittances should be maintained to keep foreign exchange reserves afloat.

However, one immediate action that needs to be taken is the management of foreign exchange reserves. For this, every effort should be made to enter into negotiations with the International Monetary Fund for the resumption of the stalled $6 billion lending program.

“Additionally, an immediate task that needs to be undertaken is the management of foreign exchange reserves. For this, the focus should be on negotiating with the IMF,” the analysts added. In September 2020, the SBP enabled approximately nine million NRPs to open an account in Pakistan through a digital and online process without the need to visit a bank branch. These digital accounts, known as RDAs, fully integrate the Pakistani diaspora into their home country’s banking and payment system by providing access to funds transfer, payment of bills and fees, and e-commerce, according to the information on the SBP website.

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Arnold Fields Community Endowment Wins State-Level Award https://arabcenter.net/arnold-fields-community-endowment-wins-state-level-award/ Mon, 09 May 2022 10:09:26 +0000 https://arabcenter.net/arnold-fields-community-endowment-wins-state-level-award/

On April 21, the Arnold Fields Community Endowment in Hampton County was selected to receive the statewide “Preserving Our Places in History” award for a group/organization.

The award is sponsored by the WeGOJA Foundation and was presented at the WeGOJA Foundation’s 2022 Annual Cultural and Historical Preservation Conference at the South Carolina Department of Archives and History. WeGOJA’s mission is to support efforts to ensure accurate inclusion of the contributions of African Americans to South Carolina and the nation’s history and culture. The award was accepted by (pictured left to right) Al Wiggins, Board Member, Roy Hollingsworth, AFCE President, and Charlie A. Grant, JR, Ex-Officio Member.

The Arnold Fields Community Endowment is responsible for the state-level approval and installation of five historic markers in Hampton County between the years of 2012 and 2022. In 2017, the Arnold Fields Community Endowment was responsible for placing the Gifford Rosenwald School in Hampton County, the only Rosenwald still standing. Hampton County School, listed on the National Register of Historic Places.