Tag: 安慰心情的俏皮话

Initiatives to Improve Services of Social Security Ministry

first_img Among the initiatives are the construction and improvement of several parish offices, including a new office in Hanover, which will be opened on February 28; and construction of a parish office in St. Ann, which should be completed in the first quarter of 2019/2020. Story Highlights “We are aware that as a service Ministry, we need to ensure that our clients are at the heart of what we do. Many of the initiatives being pursued will bear fruit in the 2019/2020 financial year,” Portfolio Minister, Hon. Shahine Robinson, said at the quarterly press briefing, held on January 30 at the Ministry in Kingston. The Ministry of Labour and Social Security has embarked on a number of initiatives aimed at improving its services.“We are aware that as a service Ministry, we need to ensure that our clients are at the heart of what we do. Many of the initiatives being pursued will bear fruit in the 2019/2020 financial year,” Portfolio Minister, Hon. Shahine Robinson, said at the quarterly press briefing, held on January 30 at the Ministry in Kingston.Among the initiatives are the construction and improvement of several parish offices, including a new office in Hanover, which will be opened on February 28; and construction of a parish office in St. Ann, which should be completed in the first quarter of 2019/2020.Mrs. Robinson said the St. James office is to be completely renovated, and that drawings for the renovation of the Ministry’s Ripon Road offices in Kingston are being finalised and will be put to tender by June.She also noted that the Ministry’s wide-area network (WAN) will be upgraded, using fibre-optic cable.“This might seem like a simple thing, but this upgrade will enable us to move more of our services online, expand the digitisation of files in parishes and reduce the use of paper. The removal of paper files will enable us to become more efficient as a Ministry,” she said.Mrs. Robinson noted that digitisation of National Insurance Scheme (NIS) files commenced in June 2018, and, to date, more than 50,000 files have been digitised. The Ministry of Labour and Social Security has embarked on a number of initiatives aimed at improving its services.last_img read more

NordLB Closes Sale of EUR 26 Bn Shipping Loan Portfolio

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Germany’s Norddeutsche Landesbank (Nord/LB) has completed the sale of a EUR 2.6 billion shipping loan portfolio.An affiliate of global alternative investment manager Cerberus Capital Management took over the portfolio, which comprises of a total of 263 ships with a non-performing loan (NPL) portion of some 90%.The so-called “Big Ben” transaction was closed on April 9, in accordance with the signing of the purchase agreement in February 2019. The parties agreed to maintain confidentiality about the terms of the transaction.Upon completion of the sale, the bank’s NPL portfolio, which amounted to EUR 7.5 billion at the end of 2018, was reduced to around EUR 4.9 billion.The portfolio, that groups together the legacy problem assets from ship financing, should be almost completely run off by the end of 2019, Thomas Bürkle, Chairman of Nord/LB, earlier said.last_img read more