Infrastructure: Key to Quality of Life

first_imgPresident Ellen Johnson Sirleaf has said that the availability of quality infrastructure, which her government is endeavoring to provide for the Liberian people, is the key to quality livelihood for the people.President Sirleaf stressed that if basic infrastructure, including roads, electricity and water, that have been non-functional for decades as a result of the civil conflict, are rehabilitated, they will improve the quality of life of Liberians.She said these infrastructures will eventually improve other services such as education, quality healthcare, as well as boost agriculture which remains Liberia’s potential for investment and growth. Receiving the Minister for Foreign Trade and Development Cooperation of the Netherlands, Ms. Lilianne Ploumen and delegation at her Foreign Affairs Ministry office this week, President Sirleaf expressed appreciation for their visit.Ms. Ploumen, at the head of a high-level trade mission, including representatives of at least 30 Dutch companies, was in the country for a one-day Liberia-Netherlands Business and Investment Dialogue.President Sirleaf pointed out that Liberia is open for business, especially businesses that will foster inclusive economic growth. She used the occasion to appeal for investment in the country’s youthful population.She also assured Ms. Ploumen and delegation that their investment, would be “fully protected” under the laws of Liberia.President Sirleaf meanwhile recalled the strong ties subsisting between Liberia and the Netherlands beginning with the Royal Dutch Airlines (KLM) becoming one of the first international airlines to operate in Liberia after the construction of the Roberts International Airport (RIA).Minister Ploumen, in response, expressed appreciation to President Sirleaf for the opportunity afforded them to undertake, what she termed “This unique visit to Liberia.” She also assured Liberians of their interest to invest in Liberia, especially the country’s young population.She disclosed that the Dutch entrepreneurs see many opportunities in working with Liberia. Ms. Ploumen stated that the entrepreneurs have not come to Liberia for a “quick wins”; rather they were in Liberia for a long term commitment to the people and to invest in its economy.She then pledged to work with the Liberian government in attracting Dutch private investment saying, “We will work with our friends and private companies to invest in Liberia favorably.”She highlighted the upcoming financial conference in Addis Ababa, Ethiopia next week to boost economic growth and capacity building in the countries worst affected by Ebola, Liberia, Sierra Leone, and Guinea.The delegation was accompanied to the office of the President by Liberia’s Ambassador to the European Union, Isaac W. Nyenabo. The delegation thereafter departed for Sierra Leone.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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Hong Kong Can Take Call on India’s Request to Arrest Fugitive Jeweler, Says China

first_imgHong Kong can take a call on India’s request to arrest fugitive jeweler Nirav Modi, accused in the Rs 13,000 crore scam at India’s Punjab National Bank (PNB), based on its local laws and mutual judicial assistance agreements, China said on April 9.“According to the one country two system and basic laws of the Hong Kong Special Administrative Region (SAR) and the assistance and authorization of the central government, the Hong Kong SAR can make a proper arrangement on judicial mutual assistance with other countries,” Chinese Foreign Ministry spokesperson Geng Shuang said, PTI reported. “If India has made a relevant request to the Hong Kong SAR (Special Administrative Region), we leave the matter to the Hong Kong SAR and hope that it will follow the basic laws and relevant judicial system agreement with India to deal with the relevant issue,” Shuang said.India had earlier asked authorities in Hong Kong to arrest Modi. “The ministry has sought the provisional arrest of Nirav Deepak Modi by the government of the Hong Kong Special Administrative Region, People’s Republic of China,” Indian Minister of State for External Affairs VK Singh told the parliament on April 5. India submitted the request for Modi’s arrest to Hong Kong on March 23, Singh said.Meanwhile, non-bailable warrants were issued against Modi and his uncle Mehul Choksi by a special court of the Central Bureau of Investigation (CBI), a source within the investigative agency told Reuters. A court in Mumbai approved CBI’s application for the non-bailable warrant, the report dated April 8 said.The CBI has also questioned some officials at overseas branches of Indian banks, who issued loans to companies run by Modi, on basis of the Letters of Undertakings fraudulently issued by PNB employees. Among them is an officer dealing with foreign exchange at Allahabad Bank’s Hong Kong branch. The bank has denied any wrongdoing, the Reuters report said.The Punjab National Bank has also hired lawyers to represent it in the bankruptcy proceedings of Modi’s United States-based company, Firestar Diamond. “We have just engaged lawyers to represent our bank in the U.S. bankruptcy petition as part of recovery process. If money has gone from our system and parked in that company, our bank’s views should be heard before deciding about insolvency petition,” PNB managing director Sunil Mehta told PTI.The Supreme Court of India will hear a petition filed by a lawyer seeking SIT investigation into the scam, which has been dubbed as India’s largest ever banking fraud, on April 9. Twenty arrests have been made so far.Both Modi and Choksi, whose passports have been revoked, have denied allegations against them. Choksi had written a letter to the CBI, accusing it of investigating the case with a “predetermined mind” and saying it is impossible for him to return to India with his passport revoked. Related ItemsChinahong kongNirav ModiPunjab NAtional Banklast_img read more

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