The Government is reiterating its commitment to safeguarding the country’s energy security and assures that it has made the right decision to retake ownership of the 49 per cent shares in Petrojam held by the Venezuelan state-owned oil and natural gas company, PDV Caribe.First announced last week, the Government said it would be taking legislative action in furtherance of obtaining the shares and would begin the formal process in Parliament in short order.At a press conference at the Office of the Prime Minister today (January 14), Foreign Affairs and Foreign Trade Minister, Senator the Hon. Kamina Johnson Smith, emphasised that the decision taken was out of recognition of a number of important factors.These include the numerous efforts and need to upgrade the refinery from as far back as 2006, the Jamaica Public Service Company (JPS) decision to convert to liquefied natural gas (LNG) in 2019 as well as the fact that JPS makes up 50 per cent of Petrojam’s market.Additionally, new international regulations will make it difficult for Petrojam to sell heavy fuel oil and process it as it now does, which takes effect on January 1, 2020; and banking and operational risks caused by domestic and hemispheric issues and challenges experienced by Venezuela.“Accordingly, it is important and in the interest of the Jamaican people that the Government of Jamaica take decisive and clear action. We are, as a Government, committed to ensuring that we do our very best to make decisions that will secure our energy sector in the interest of the Jamaican people, notwithstanding our appreciation or work with third-party states,” she said.Senator Johnson Smith said the decision was not made without recognition and appreciation of the “space that the Petro Caribe arrangements gave us and the relationship between Venezuela and Jamaica that dates back to the days of Simón Bolívar seeking refuge in Jamaica”.She advised that the Government did make attempts to offer incentives to the Venezuelan Government in the hopes of them selling the shares. However, there has been no take-up.“We did not just offer fair market value, we offered three times that at the first instance and at the second instance. We then increased it further in November (2018),” she said.
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“Lilako returns to the squad on merit. He has worked hard at club level and has been an integral part of his team’s league and cup double this season. ”Lilako, a front row mainstay for the Simbas over the past six years was initially omitted from the 36 man squad and also missed last weekend’s 29-30 home loss to Germany. He was last in action for the Simbas during the 34-10 win over Hong Kong in Nairobi in August 2016.He will be in contention to make the travelling party to Kampala.Meanwhile, Youngsters Benjamin Marshall and Steve “Security” Otieno could make their Simbas debuts sooner rather than later.“We have been impressed with their attitude, commitment and spirit during training and they will certainly get their chance on the big stage,” said Team Manager Simiyu Wangila after the team’s training session on Saturday.The duo,who were named in the Simbas squad for the 2017 international season,featured in the Chipu side that reached the final of the Africa U20 championships held in April in Madagascar,falling 24-61 to Namibia.By Kenya Rugby Union official Website0Shares0000(Visited 1 times, 1 visits today) 0Shares0000LILAKONAIROBI, Kenya, June 5 – KCB captain Curtis Lilako has been recalled to the Simbas squad as they brace for the Elgon Cup first leg clash away to Uganda on 10 June 2017 in Kampala.Team Manager Simiyu Wangila, speaking with Kenya Rugby after the team’s training in Nairobi on Saturday, said;
listed 4 years, Dangdang’s pace is getting slower.
the past two years, the market focus on Jingdong, vip.com electricity supplier upstart who, even Dangdang has been proud of the book market by Jingdong to seize the.
Dangdang slowly marginalized.
at the end of 2013, according to Analysys Ai Rui, the authorities jointly issued the China B2C market share report, dangdang.com ranked eighth, the market share of only 1.4%, behind Tmall, suning.com, Jingdong, Tencent, the electricity supplier Amazon Shop No. 1, vip.com, Chinese.
in August of this year, the story has never been a lack of Li Guoqing to the capital market dished out a new story: Dangdang announced today to enter the field of hot fashion electricity supplier.
however, Rome was not built in a day, in the opinion of the electricity supplier industry analyst Lin Xunmiao, eager to transition dangdang.com challenge a lot, such as brand image need to be updated, the lack of channel sink strengths, mobile terminal strategy is not clear, the user to repeat purchase rate is relatively low.
loss for the ten consecutive quarter
as everyone knows, the first gold dangdang.com from the books. However, this is only 30 billion of the publication market in the eyes of the retail electricity supplier has become a piece of fat.
, a focus on the book market price war is anchaoyongdong.
November 2010, a month before the listing on dangdang.com, Jingdong category expanded to books, to fight in the book business, claiming that the book department is not profitable for five years, against dangdang.com at a low price, and by virtue of self logistics experience the advantages of dangdang.com Book threat; in 2011, suning.com opened the book channel; in June 2012, Tmall online bookstore. Online book e-commerce market, industry competition intensified.
in this field takes 3 years of book price war, the electricity supplier upstart who broke the old dangdang.com monopoly in the field of books.
now, online shopping is Dangdang, Jingdong and Amazon three points of the world situation. At the same time, Jingdong in the field of books and Dangdang is also getting smaller and smaller. "No accident, then, Jingdong books in this year is likely to surpass Dangdang, become the first." Lin Xunmiao said.
from the end of 2010 after the listing, by the impact of the price war books, dangdang.com gross margins continue to decline in the fourth quarter of 2011 fell to 10.5% bottom, the fourth quarter of 2011 to the fourth quarter of 2012, gross profit rate remains low. 2013 began, Dangdang’s gross margin began to rebound, but the rebound is not very large, has been maintained at between 17% to 18%. As of the second quarter of 2014, Dangdang gross profit margin grew slowly, only about $18.3%.
market share has been swallowed up, the first sleeping lion finally awakened initiative. "But it’s a bit dull,"