MSMES to Benefit from $439 Million Govt Allocation to Productive Sector

first_imgAdvertisements FacebookTwitterWhatsAppEmail Micro, Small and Medium-Sized Enterprises(MSMEs) are to benefit from some $439 million, which the Government has earmarked for fiscal year 2013/14, to facilitate growth and development in the productive sector.Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, said that 57 per cent of the funds, allocated through the Development Bank of Jamaica (DBJ), are slated for the Credit Enhancement Fund, through which businesses can access loan support.The Minister was addressing a forum on: ‘The IMF Agreement- Implications for Small Business,’ hosted by the Jamaica Business Development Corporation (JBDC) and the University of the West Indies (UWI) Business Centre on April 11, at the Mona School of Business and Management (MSBM). RelatedMSMES to Benefit from $439 Million Govt Allocation to Productive Sector RelatedMSMES to Benefit from $439 Million Govt Allocation to Productive Sectorcenter_img RelatedMSMES to Benefit from $439 Million Govt Allocation to Productive Sector MSMES to Benefit from $439 Million Govt Allocation to Productive Sector CommerceApril 13, 2013last_img read more

Ex-Proximus chief Leroy joins DT board

first_img Related Previous ArticleChina 5G base stations approach 500KNext ArticleHuawei warns of £18B hit to UK economy from 5G ban Chris Donkin Operators back Qualcomm role in open RAN path Author Tags Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Deutsche Telekom Deutsche Telekom eyes 5G, fibre lead Deutsche Telekom, SoftBank tipped for T-Mobile trade Home Ex-Proximus chief Leroy joins DT board AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore1 09 SEP 2020 Deutsche Telekom appointed former Proximus CEO Dominique Leroy (pictured) as its new board member for Europe, a year after the executive’s move to KPN was scuppered by an investigation into alleged insider trading.In a statement, Deutsche Telekom said Leroy would take responsibility for its Europe segment at the start of November, replacing Srini Gopalan who is changing remit to cover its home market of Germany.CEO Timotheus Hottges said in addition to bringing 30 years experience in consumer goods and telecoms, Leroy will provide the operator “with very good support in our political and regulatory work”.Leroy spent five years at the helm of Proximus, having also worked in a number of other roles at the Belgian incumbent. Previously she worked at consumer goods giant Unilever.She had been set to take over at the helm of KPN in December 2019, having already announced her departure from Proximus.However, following a well-publicised insider trading investigation by Belgium’s stock market, authority KPN cancelled the move citing “uncertainty”.The case against Leroy was eventually dropped in July, after she agreed to pay a €107,841 settlement with the Financial Services and Markets Authority. Subscribe to our daily newsletter Backlast_img read more

From catastrophe to community immunity: Bergamo hopes for ‘natural vaccine’

first_img Voiced by Amazon Polly But such a decision, even if technically sensible, could be politically problematic.     ROME — In the northern city of Bergamo, Italy’s hardest-hit area in the first wave of the coronavirus pandemic, the significant proportion of residents who have already been infected with the virus might be the very thing protecting them from a repeat medical catastrophe. Some doctors have acknowledged that the lower numbers of cases could be partially attributable to more cautious behavior by residents, saying the brutal experience of the first wave may have made them more attentive to anti-coronavirus measures such as social distancing. Now, as the country grapples with a worsening second wave of the virus, Bergamo appears to have escaped a similar fate, despite the fact that the wider region of Lombardy has emerged as a hot-spot for the virus once again.   Although antibodies do not always offer full protection — there are several cases of people being re-infected with a different strain of the virus — “generally, community immunity counts a lot for a virus like this,” Galli said in an online meeting with journalists.   It is “much easier” to keep restrictions the same across an entire region than to differentiate between them, according to Foresti. “It is like saying that over 65-year-olds should stay home, or that those with antibodies can go outside. These ideas are not technically wrong but politically complicated.”   A much higher percentage of the inhabitants of Bergamo province have developed some resistance to the virus since the spring, compared to Lombardy and Italy as a whole. Some 57 percent of 10,000 people tested in June by the provincial health authority were found to have antibodies. Although these tests were mostly conducted in the worst-affected areas of the province, a more representative study, published by the statistics agency ISTAT and Italy’s health ministry, showed that one in four residents of Bergamo province were found to have antibodies — compared with 1 in 13 residents in the province of Milan and one in 40 in Italy as a whole. Local MP Stefano Benigni, who is not affiliated to any party, wrote to Health Minister Roberto Speranza and the governor of Lombardy, Attilio Fontana, earlier this month saying that it was a “mistake” to “unfairly penalize areas [such as Bergamo] where people are not experiencing serious problems.”  For now, most Bergamo residents are unlikely to feel that the catastrophe earlier this year was worth the relatively easier ride they are now experiencing. Many are still mourning lost family members or struggling to keep businesses afloat, even if they haven’t had to endure another medical emergency of the kind that saw hospitals overflow in March and April.   With an eye on the looming economic catastrophe from successive lockdowns, some are hoping that so-called community immunity can help them make the case for relaxing coronavirus restrictions and further open up the economy. In the spring, the city became a grim national symbol of the tragedy unfolding in Italy, and later across Europe. Its cemeteries overflowed, and army trucks were forced to haul coffins to other regions. So far, some 3,000 people have died of COVID-19 in the city. “The correlation is very, very significant,” said Giuseppe Remuzzi, a professor and director of the Mario Negri Institute, which carried out its own antibody tests. “In northern areas where it circulated [in the spring], the virus can’t find people to infect.” “I am confident that the great majority of people that have had virus are protected from this infection or if they get a different strain, they will have a mild infection.”  This article is part of POLITICO’s premium policy service: Pro Health Care. From drug pricing, EMA, vaccines, pharma and more, our specialized journalists keep you on top of the topics driving the health care policy agenda. Email [email protected] for a complimentary trial. But several experts suggest the low figures point to a degree of “community immunity” that has reduced the risk of new outbreaks. Chief anesthetist at the Bergamo’s main hospital, Luca Lorini, hailed it as a “natural vaccine.”  Bergamo is not the only former hot-spot to now be spared another major wave of infections. Across Lombardy, the provinces that suffered the highest number of deaths in the spring now appear to be less affected. Brescia and Cremona, for example, are registering some of the lowest numbers of new infections in the past weeks.   There is now a “degree of natural immunity, community immunity,” he said, adding that he preferred not use the term “herd immunity,” which is typically defined at between 50 percent and 90 percent of the population depending the infectiousness of the disease.  Between October 2 and 23, for example, cases of COVID-19 increased only 7 percent in Bergamo, compared to the rest of Lombardy where they increased by as much as 65 percent. Over the past week, the province of Bergamo had an average of 20.4 new cases a day per 100,000 people, compared to 81.4 in the province of Milan. “We are still a long way away from that,” he added.  “We know that when the reproductive rate of the virus is over 1, then cases increase exponentially,” said Luca Foresti, a physicist and CEO of the Centro Medico Agostino, a group of clinics.   According to experts, that data explains why Bergamo has remained relatively untouched in the second wave, whereas cities and towns that were less affected in the spring — such as Milan and Como — have seen major outbreaks.  Lombardy’s scientific committee is “considering loosening restrictions in areas such as Bergamo … if it doesn’t make the situation worse or damage the rest of the region,” Fontana, the governor, told POLITICO.   People who were exposed to the virus in the first wave are likely to have antibodies that protected them from getting ill during the second, said Massimo Galli, an expert in infectious diseases at the University of Milan.  As many as 420,000 people may have been exposed to the virus in Bergamo, according to projections by the Mario Negri Institute for Pharmacological Research in Bergamo, which found that 96 percent of infections could have gone undetected by health authorities. Press play to listen to this article Others say a lower percentage of immune residents could already significantly help slow the spread of the virus.   Besides, the reprieve may only be temporary, as scientists are not sure how long the beneficial effects of community immunity could last.   “What we know is that it lasts for six months,” said Foresti. “Whether it lasts for two or three years, we will have to wait until we get there.”  “If it is not much above 1, even 15 to 25 percent of people with antibodies can be enough to send [the reproductive rate of the virus] under 1 and make the number of new cases to decrease exponentially,” he said. “This small difference can make a big difference in a few days … I call it small herd immunity.”   It may be that “in Bergamo people are more afraid and therefore follow the restrictions more closely,” he acknowledged, but he dismissed the idea that this could be a decisive factor: “I am not convinced that this is the explanation, as I think the behavior across Lombardy is quite homogenous.” last_img read more

Italy to extend sports ban

first_imgITALY’S SPORTS minister is planning to extend the ban on games and competitions in the country through all of April.The current nationwide lockdown is due to expire on Friday, but Italian health experts have said the need to try to contain COVID-19 will likely last weeks beyond that.Minister Vincenzo Spadafora tells Italian daily La Repubblica that talks about restarting Serie A, the country’s first division football league, on May 3 are “unrealistic”.He adds: “(On Monday) I will propose extending the ban on sports competitions at every level for all of April. And I’ll extend the measure to training – an area where we hadn’t intervened because there was still a possibility of holding the Olympics.”Some clubs, like Lazio and Napoli, had been pushing to restart training as soon as this week.At least 15 Serie A players have tested positive for COVID-19.Overall, Italy has nearly 100,000 positive cases and days ago surpassed the total in China, where the outbreak began in late 2019.Spadafora says he’s hoping Serie A officials show “a serious desire to change. The big clubs live in a bubble, beyond their means, starting with the millionaire wages of the players. They need to understand that nothing will be like before anymore after this crisis”.To that end, on Saturday, Cristiano Ronaldo and his Juventus teammates, along with coach Maurizio Sarri, agreed to forgo €90 million (over J$13 billion) in wages to help the club during the crisis.Spadafora also says that he will allocate €400 million (almost J$60 billion) for recovery efforts at amateur sports associations. APlast_img read more