May 4

HMAS Darwin trains with Chinese PLA Navy

first_img Authorities January 4, 2016 Australian Navy’s Adelaide-Class frigate, HMAS Darwin, has conducted a passage exercise with the Chinese People’s Liberation Army-Navy Escort Task Group 152 off the coast of Queensland, Australia.Darwin departed Sydney on December 30 to assume duties as part of Operation MANITOU, which is the Australian Government’s contribution to the international effort to promote maritime security, stability and prosperity in the Middle East region.The Chinese task group consists of three ships—the Luyang Class destroyer Jinan, (DDG-152), the Jiangkai Class frigate Yiyang (FFG-548), and the Fuchi Class replenishment ship Qindaohu (AOR-886).While transiting to the port of Brisbane, the task force was escorted by Darwin. The transit gave the opportunity for both countries to conduct officer of the watch manoeuvres at sea.The Chinese task group will spend five days in Brisbane from 2 January on a respite visit. The task group is in the final stages of its global deployment and will return to China in early 2016.HMAS Darwin’s rotation in the Middle East is the 62nd deployment of a Royal Australian Navy ship to the region.[mappress mapid=”17570″] HMAS Darwin trains with Chinese PLA Navy View post tag: Royal Australian Navycenter_img Back to overview,Home naval-today HMAS Darwin trains with Chinese PLA Navy View post tag: Chinese PLA Navy Share this articlelast_img read more

January 1

Lyndonville Savings Bank Increases Dividend

first_imgLyndonville Savings Bank Increases Dividend,Achieves 26% Increase in Net Income in 2004LYNDONVILLE, VT– Lyndonville Savings Bank has announced that the Bank will pay a dividend of $0.14 per share on January 11, 2005 to stockholders of record December 22, 2004. This represents a 7.6% increase in the quarterly dividend reflecting continued strength in the banks earnings, and the sixth increase in the quarterly dividend in the past two years. Net income for the full year ended December 31, 2004 was $1,372,599 (un-audited) compared to $1,085,335 for 2003, a 26% increase. The annualized return on average assets was 0.92 in 2004 compared to 0.76 in 2003. Total assets were $154,176,429 as of December 31, 2004 compared to $146,981,491 as of December 31, 2003. According to Bucknam, the significant year-to-year improvement in earnings is a direct result of the strength of the banks loan portfolio, a solid investment portfolio, higher levels of non-interest income and the bank employees commitment to success and exceptional customer service. Lyndonville Savings Banks stock has recently traded in the $16.50 – $17.50 per share range. The current annual dividend yield is 3.3% based upon a $17.00 per share price.Lyndonville Savings Bank services its customers from offices in Lyndonville, St. Johnsbury, Derby, Vergennes, and Enosburg Falls.* * * *END * * * *last_img read more

October 16

Governor Wolf Announces Projects to Receive $2.8 Million for Community Revitalization

first_imgMt. Airy Art GarageMt. Airy USAPhiladelphia$400,000 Infrastructure,  Press Release Harrisburg, PA – Governor Tom Wolf today announced seven projects to be awarded $2.8 million for the construction or rehabilitation of mixed-used developments. The funding was raised through the sale of tax credits under the Mixed-Use Development Tax Credit Program, the proceeds of which are being used to fund the work of the Community Revitalization Fund Program. The goal of that program is to stimulate high-impact neighborhood revitalization projects around the state.The Mixed-Use Development Tax Credit Program is administered by the Pennsylvania Housing Finance Agency, and the selected projects were approved earlier today by its board of directors. The list of funding recipients is provided in the table below.“These projects will provide the spark needed to attract additional investment to communities,” said Governor Wolf. “The funding approved today will leverage public and private resources in a way that accomplishes the most good from the investment being made.”The Mixed-Use Development Tax Credit Program was created as part of the commonwealth’s fiscal year 2016 budget that allocates $2 million in credits annually for PHFA to sell to generate community revitalization capital. PHFA was directed by the General Assembly to administer both the tax credit and program components of this initiative.The Community Revitalization Fund Program seeks to expand or rehabilitate affordable housing stock coupled with retail/commercial space to promote community revitalization, especially in those parts of the state that are struggling economically. The term “mixed-use” for these projects refers to buildings that combine both commercial/retail and residential space.“We anticipate the projects funded through these tax credit proceeds will produce 100 additional residential units and 40,000 square feet of commercial-retail space,” said PHFA Executive Director and CEO Brian Hudson Sr. “Mixed-used projects are especially exciting because of the positive dynamic that can be created when you get the right interaction between residential and commercial properties in the right communities. We’re excited about the potential for these projects.”The application of funding generated by the sale of the tax credits is flexible, and it could be used in a number of ways to address the program’s objectives. For instance, the dollars generated could fund the rehabilitation of older or under-used buildings that can then help promote community development. Those buildings could be restored for commercial use and to provide affordable housing.The projects being awarded funding today through the Community Revitalization Fund Program are listed in the table below. Location or businessRecipient organizationCountyTax credit award Homestead Bakery LoftsACTION-HousingAllegheny$400,000 2125 Ridge AvenueMosaic Development PartnersPhiladelphia$400,000 2739 N. 5th StreetHACEPhiladelphia$400,000 October 11, 2018 2613-2615 West Girard AvenueMM Partners/Fairmount Community Development CorporationPhiladelphia$400,000 257-263 S. 52nd StreetThe Enterprise Center Community Development Corporation (TEC-CDC)Philadelphia$400,000 Governor Wolf Announces Projects to Receive $2.8 Million for Community Revitalization Questions about the Mixed-Use Development Tax Credit Program or the Community Revitalization Fund Program can be directed to Bryce Maretzki at PHFA at (717) 780-1867 or by email at [email protected] 5 Points in Observatory HillObservatory Hill Development Corp.Allegheny$400,000 SHARE Email Facebook Twitterlast_img read more

August 29

Donkomi: Medeama walk away from Yacouba deal?

first_imgAccording to reports, Medeama Sporting Club have decided to walk away from their pursuit of Burkinabe forward, Sogne Yacouba.The club had been speaking to the player this week over the prospect of coming to an agreement.Yacouba is a free agent and had been the subject of interest from clubs in and outside Ghana and Medeama managed to get itself into a good position to bag the player.However, some reports say that Medeama are no longer interested in the deal because of some demands coming from the player’s representatives.According to Kickgh, Yacouba’s camp wants to commit to a three-month deal after which the player will head to Asia. In addition, the player is said to be asking for USD 100, 000 a year from the club.This appears to have thrown discussions out of gear and it could mean the end of all talk between the player’s camp and Medeama.last_img read more