Hong Kong’s Biggest Electricity Provider, Clp Power, and State-Owned China Southern Power Grid (Csg), Will Each Pay Hk$12 Billion to Acquire Exxon Mobil’s 60 Per Cent Stake in Castle Peak Power Company (Capco). the Deal

Hong Kong’s biggest electricity provider, CLP Power, and state-owned China Southern Power Grid (CSG), will each pay HK$12 billion to acquire Exxon Mobil’s 60 per cent stake in Castle Peak Power Company (Capco).The deal strengthens CLP’s presence in Hong Kong and brings a mainland player into the city’s closed electricity market for the first time.It is not expected to affect tariffs as it involves only shares, without adding fixed assets.But analysts said a strengthened partnership between the largest power suppliers in Hong Kong and southern China could help CLP meet a new 2020 emissions target that may require more clean energy to be imported from the mainland.After the transaction, CLP’s stake in Capco – which owns three power plants in Hong Kong – will jump from 40 per cent to 70 per cent. CSG will hold the remaining 30 per cent.CLP vice-chairwoman Betty Yuen So Siu-mai said it was a natural commercial decision to bring CSG into talks that started more than a year ago when Exxon Mobil, the world’s biggest independent oil company, expressed a desire to exit the market.”All electricity imported into Hong Kong must pass through the CSG network,” Yuen said.”Our partnership with CSG will make any transmission of cleaner energy from the mainland easier.”Pierre Lau, managing director and head of Asian utilities research at Citigroup, said the closer ties might also cushion CLP from competition if regulators open up the city’s electricity market.”Any power supplier who wants to enter Hong Kong must first get past CSG. Of course, it would give CLP an edge if it has a good relationship with CSG,” he said.CLP will also buy out Exxon Mobil’s 51 per cent stake in Hong Kong Pumped Storage Development for HK$2 billion in cash.The whole deal will remove Exxon Mobil from the city’s commercial power generation market – its only such investment worldwide. An Exxon Mobil spokeswoman said it planned to explore other opportunities….

Industrialization Policy

This paper begins by giving a historical background of Suntwestan. Thereafter, examines the industrialization experiences of East Asian economies which will be used as a guide to Suntwestan’s industrialization trajectory. This newly upgraded lower middle income country was a typical Low Income Country for a long time, but the last twenty years has seen this small country making great strides in development with Gross Domestic Product growth rates averaging at 7.2 % per annum, with stable exchange and inflation rates. The political environment has also been quite peaceful attracting foreign investors, especially in the mining sector.
Despite the high scores of development and the numerous Foreign Investments coming into Suntwestan, the country’s Human Development Index remains to be among the lowest in the world with high levels of poverty and unemployment among its citizens. Suntwestan is characterized by high income inequality, poor health care and inadequate education delivery. In addition the productivity of its citizens remains low because of low education standards, poor health of workers and lack of investment in physical capital as well as lack of access to technology.Furthermore, population and dependence burdens remain very high with an annual crude birth rate of about 50 births per thousand of the population. Consequently, the majority of the population falls under 15 years. This means that the working age population is greatly affected because the majority of citizens are below working age. Other factors worth noting are the prevalence of imperfect markets and limited information in Suntwestan. The lack of accurate information system for both producers and consumers in this country lead to imperfect information, misallocation of resources and misinformed purchasing decisions. That is to say, this country lacks factors that would enable its markets to work efficiently. For example, Sutwestan lacks a functioning banking system which…

Creative Writing Marginalisation

A Night on the StreetsHiding underneath the hood of my coat, I swing the door shut behind me, and slip my numb fingers into the warm lining of my pockets. As I breathed out the vile, evening air, I could see dragon’s breath leaving my chapped, broken lips. Careful not to slip on the icy slush forming on the pavement, I trudge on down 134th Street. Even despite all the horrific atrocities I see day in, day out, I seem to always find beauty in the darker avenues and lonelier alleyways.Tonight was the fifth successive night I’d had to deal with the painfully naive and overly difficult Damian Rodgers. You see, as per the norm, Damian doesn’t want our help. Well, he doesn’t want my help, seeing as no one else was offering. I found him a week ago, cowering behind an overturned bench and a dumpster, more ashamed than he was afraid. Flinching as I approached, he was an insect, fluttering its wings, caught helplessly in spider’s web. Noticing the customary change in my tone of voice, becoming one of a door-to-door salesman, I began to recite the standard company bullshit, announcing with little pride or belief that I was here to save the day. Each word of fakery I uttered, seemed only to provoke a sequence of confused stares. Clearly I was alienating him.So I let it go. What else would I do? Deliver slogan after slogan in mockery of the person I was trying to help? No. That I would not do. I would follow the rules, but only to the extent where I was confined. What’s your nameDamian.
Damian whatRodgers. Damian Rodgers. What’s it to yaWell, Mr. Rodgers, I would really like to help you, if you don’t mind.
Don’t need your help. Never did, never will.
Well, could we talk at the very leastFine. What do you want to talk about? Birds? Bees? The fucking weather? This isn’t how it works. You and me? We’re different. We don’t make small talk. I stood my ground. Damian paused for a second, gathering his thoughts.Alright, what the hell do you…


MOHANDAS KARAMCHAND GANDHI| Mohandas Karamchand Gandhi |
|[pic] |
|Mohandas Karamchand Gandhi, 1940s |
|Born |2 October 1869(1869-10-02) |
| |Porbandar, Kathiawar Agency, British India |
|Died |30 January 1948 (aged 78) |
| |New Delhi, Union of India |
|Cause of death |Assassination |
|Resting place |Rajghat in New Delhi |
|Nationality |Indian |
|Other names |Mahatma Gandhi, Bapu |
|Alma mater |University College London, University of London |
|Known for |Prominent Figure of Indian Independence Movement |
| |Propounding the philosophy of Satyagraha and Ahimsa |
|Religion |Hinduism |
|Spouse(s) |Kasturba Gandhi |
|Children |Harilal |
| |Manilal |
| |Ramdas |
| |Devdas |
|Parents |Putlibai Gandhi (Mother) |
| |Karamchand Gandhi (Father) |
|Signature |.
Gandhi first employed non-violent civil disobedience while an expatriate…


Name:Course:Instructor:Date: The Dressing Benchmark Basically dressing is meant to prevent nakedness. However the way of dressing can be influenced by a number of factors like beliefs, religion, climate and social standards. How a person dresses says a lot about his character and beliefs. Most women in England dressed in silhouette and wore long gloves and shawls to cover bare shoulders and arms. The material to make the dresses was made of soft cotton which only the rich cold afford. In Rome only senators were allowed to wear garments dyed with Tyrian purple as a sign of their social status. It brought class to families and raised their social status. Wearing of lion skin in Africa by a man signified his brevity in the community. They believed that lion was the king of the jungle and by killing it a person become as brave as the lion. During the ice age era people dressed in animal skins to keep warm. These are examples of how culture influenced dressing and how different styles were adopted. In history people did not have much to choose from and kept their dressings as simple as possible. With the growth in cloth manufacturing companies affording cloths has become cheaper with other people also opting for second hand cloths. Dressing has gradually changed due to new fashion trends over the years. There are individual who major with fashion designs and designing cloths is their career.
Religion practices influenced peoples clothing in that individual was supposed to wear in a certain manner to gain respect. In Islamic religion, a woman was believed to be the image of the family. The woman chastity brought honor to the family and incase she was violated the men of the family may be ostracized or even viewed as weak. In order to earn respect in the society a woman should not flaunt her looks but was supposed to wear a hijab. It is loose clothing covering the women from the neck down with a scarf covering their head and…


Your group represents an executive Project Management firm tendering for a contract to manage Dona Prima Internationals latest fashion show. As part of your tender you are required to submit a strategic project plan, in the form of a Project Report, for the following project. You are also required to make a Presentation of your ideas for effective execution of the project to the client (see module guide for details). Your company must advise Dona Prima Internationals Project Director; Dr. M. Salama of intention to submit a tender bid, within two weeks of invitation to tender, after this time your company will be removed from the tender list. Due to increased competition in the fashion industry your client is cost driven. You must adhere to the fixed dates and attempt to achieve the target completion dates stated in the project brief. You should therefore seek to complete the project to the highest value, in the shortest space of time and at the lowest cost to your client. Working as a team, the report must include the following:Part A
1. Title Page
• This should clearly state the project title, client details and your company details.
2. Project Scope Statement
• The scope statement should include a project description, project aims, objectives, milestones and critical success factors.
3. Project Organisational Breakdown Structure.
• This chart should clearly identify the project team, consultants, suppliers, contractors, local authorities, utilities and all other project stakeholders.
4. Project WBS
• This chart should clearly identify how the project is to be broken down into manageable tasks.
5. Responsibility Matrix
• This chart should identify the responsibility of each organisation involved in the project
6. A brief discussion of the project constraints.
• You should illustrate these using the Time, Cost, Scope triangle.
7. Risk Management Plan
• This should include a risk register and responses to each identified…

The End of Sausages


Business Management Articles / Quality Managementhttp://www.rtdonline.com/BMA/QM/15.htmlPROMOTION OF QUALITY VALUES AND ATTITUDESby Rene T. DomingoTwo things determine the success of any productivity or quality improvement program:1. application of the right tools and techniques2. formation of correct values and attitudesIn this paper, I will not dwell on the first item for numerous seminars, courses, books, and materials have treated it in painstaking detail. In fact, many of them have overplayed the importance of tools and techniques that they have misled companies and individuals into thinking that possession and mastery of this know-how are a guarantee of success and concrete results. Many productivity/quality improvement programs have failed or have never taken off because management and workers have not developed the proper attitudes and values to support and sustain these programs. Programs that have failed are usually short-lived or have brought or been bringing superficial results. Techniques give direction to the program; but values are needed to carry them out properly and continuously.From hereon, I shall refer to all productivity/quality improvement programs as “productivity programs”.RESPONSIBILITYThere are two basic values one must inculcate to carry out a productivity program: responsibility and teamwork.”Do it right the first time!” is the main battle cry of productivity programs. This brief but powerful motto is not a matter of technology but a matter of responsibility – and carrying it out. In my rough estimate, if everybody does what they are supposed to do the first time every time – nothing more, nothing less – productivity will at least double immediately. A responsible worker will and should feel ashamed of himself if he does not do his work right the first time or anytime; similarly, he should feel proud and fulfilled if he executes it properly. An irresponsible worker could not care less if he does it wrong the first…

Nurturing Talents Through Research Projects for Sustainable Community Development

Nurturing Talents through Research Projects for Sustainable Community Development
Lee Shok Mee SEAMEO RECSAM, Penang, Malaysia [email protected] The 6th Regional Congress for the „Search for SEAMEO Yong Scientists? (SSYS) was held on 3-6 March 2008 at SEAMEO RECSAM, Penang where 18 science and 12 mathematics research projects were exhibited by about 100 young scientists from the secondary schools of 8 ASEAN countries. Though the main aim of the congress was to provide a venue for our talented youths to share and disseminate of information on their scientific and mathematical research projects, a competition was held concurrently to give recognition to the quality of the projects which were judged based on the creativity of the exhibit, verbal presentation and interactive communication skills, written report, and significance of the project in-line with the theme „Sustainable Community Development through Science and Mathematics?. This paper reveals briefly on the projects presented, and then based on author?s direct observations on the exhibits and personalities of the researchers, informal discussions and interactions with the young scientists, written reports, together with the feedback from the judges, attempts to gauge the relevancy of the application of scientific and mathematical knowledge into technological problem-solving activities to address sustainable development. SSYS was first held in 1999 and, since then, has been held every two years with a specific theme. This year, the scientific and mathematical research projects showcased by our talented ASEAN youths augurs well in synonymous with the theme of this conference „Nurturing Talents for the Global Community’. INTRODUCTION SEAMEO1 RECSAM2 holds a biannual event in Penang termed „the Search for SEAMEO Young Scientists (SSYS)? for the secondary school students from ASEAN3. In this event, the student scientists exhibit, share and disseminate information on their scientific and mathematical…


Quaid-e-AzamQuaid-a-Azam Mohammad Ali Jinnah the most revered leader of the Muslims of the Subcontinent was a man having inter alia a strong moral character unmatched by any other contemporary leader of those days. He is quoted as an example of impeccable integrity on which he never compromised. He is a role model for those who believe that in a Muslim nation personal character of leadership is as important as other necessary inherent qualities of leadership which get radiated to inspire people at large. This is in variation from the secular world concept that leadership may have personal weaknesses but should excel in political or military acumen merely. It is rather strange and beyond understanding that most of the subsequent political leadership in Pakistan instead of looking at and emulating the most successful and adored personality of Mohammad Ali Jinnah and his traits never tire of eulogizing the services and examples of foreign leaders, many of whom considered personal conduct not a matter of public scrutiny and took pride in their adventures which were frequently based on unaccepted social norms. An ideological state having been created it would be only right that politicians clamoring to play a leadership role in such a state should follow a proper role model of which the shining example is that of trend setter Mohammad Ali Jinnah, the founding father of Pakistan who was an embodiment of qualities of head and heart. In the context of prevailing political situation in Pakistan where there are serious problems of internal security and country is facing foreign pressures it is all the more important that inspiration should be drawn from examples set by the Quaid in dealing with internal dissidents and outsiders. He took firm stand on principles, remained adamant in face of unruly opponents and ported a strong sense of self-respect. Even with colonial masters of the day he would neither put up with improper behavior nor would tolerate a slight. It…

Specialized Financial Accounting

Reporting institutions shall present a statement of financial position that groups assets and liabilities by nature, listed in an order that reflects the relative liquidity of the groups of assets and liabilities.Similarly, a statement of comprehensive income should reflect income and expenses grouped by nature, quantifying the principal types of income and expenses. | |
The explanatory notes to be disclosed in the annual financial statements of banking institutions shall include the following information:(a) deposits from customers with a breakdown by:(i) types of deposits (e.g. demand, savings, term)(ii) types of customers (e.g. Government, business enterprises)(iii) maturity structures of term deposits3 (e.g. < 6 months, 6-12 months, 1-3 years) | |
loans, advances and financing with a breakdown by:(i) measurement basis (e.g. amortised cost, fair value)· for fair value through profit or loss, show separately thosedesignated as fair value upon initial recognition, and thoseclassified as held-for-trading(ii) types of loans/financing (e.g. overdrafts, term loans/financing,revolving credit, hire-purchase, housing loans/financing)(iii) geographical distribution(iv) interest rate/profit rate sensitivity (e.g. fixed rate, variable rate)(v) sector or economic purpose(vi) residual contractual maturity (e.g. up to 1 year, 1-5 years, > 5 years) | |
A movement schedule of impairment provisions segregated between individual impairment and collective impairment and showing separately the amount charged and the amount utilised to write-off impaired loans during the year. | |
Loans, advances and financing classified as impaired4 (irrespective of whether provisions are made) with separate disclosures of:(i) a movement schedule showing separately the amount classifiedduring the year as impaired, amount reclassified as non-impaired,amount recovered and amount written off(ii) a breakdown of impaired loans, financing and advances bygeographical area and by sector…