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President Weah Announces US$25 Million Stimulus To Stabilize Economy

Monrovia, Liberia: President George Weah has addressed the nation on the state of the economy and swiftly announced series of measures aimed at remedying the current harsh economic situation fueled by steep rise in the exchange rate between the Liberian and United States dollars. Key measures announced by the Liberian leader include 1. An immediate infusion by the Central Bank of Twenty-Five Million United States Dollars into the economy to mop up the excess liquidity of Liberian dollars; 2. A mandate to the Central Bank to provide more effective supervision and regulation of money-changers or foreign exchange bureau; 3. A mandate to the Central Bank to provide more robust oversight of banks under its supervision; and 4. Conduct a comprehensive review of regulations on the…

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MNG Gold  in Bad Labor Practice – ignored the plight of  its employees

The management of MNG Gold owned by a Turkish Billionaire, Mehmet Nazif Günal and is currently operating in Liberia is reportedly ignoring the plight of one of its employee, Bob Gooding who in 2017  got wounded when he was reportedly hit by a yellow machine making him to be disabled.     According to report, Mr. Gooding, 36 years old with seven children was active when he gained employment, but now, disabled, unable to even carry a bucket of water as a result of his current situation. “My father is down.  He is the only person we depend on. Now, my other brother and sisters are not of school and even to get food here is a problem for us,” his oldest daughter at 16…

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Three things we learned from Croatia’s semifinal win over England

  Mario Mandzukic struck an extra-time winner as Croatia defeated England 2-1 on Wednesday to advance to the World Cup final for the first time in the country’s history. Kieran Trippier’s maiden international goal fired England ahead early in Moscow, but Ivan Perisic levelled in the second half before Mandzukic sent Croatia through to a showdown against France on Sunday. With a population of just over four million, Croatia are the smallest nation to reach the final since Uruguay, the winners of the 1950 tournament. AFP Sport looks at three things we learned from Croatia’s victory over England: EXTRA TIME HANDS FRANCE FURTHER ADVANTAGE With the bonus of any extra day’s rest and Croatia having been taken to extra-time for the third time in succession,…

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Liberian Dollar Devalued?

  Dr. Somah Paygai, former chair of the National Investment Commission (NIC). In 2018 alone, the Liberian dollar has lost around 12.5 percent of its value, and its decline of more than three consecutive months marks the longest sustained fall it has suffered in at least 14 years. The dollar’s fall is even more remarkable given that June witnessed the currency notch its highest level in the history of the country. A handful of factors have underpinned the dollar’s poor run this year. Among the most impactful appears to be what has come to be known as the “abrupt increase of the Liberia dollar on the market, according to Dr. Somah Paygai, vice president for administration of the African Methodist Episcopal University (AMEU) and former…

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Parliament   Expresses Fear in US$30M Road Fund Case in Supreme Court

 During  the 44th day sitting, Members of the House of Representatives  expressed profound fear over the US$30m Road Fund Case, which is in the Supreme Court and before his honor Associate Justice Kabineh Ja’neh. The lawmakers argued that if the Government of Liberia (GoL) loses the case in the Supreme Court, there will be a “budget shortfall.” Also, the GoL will lose US$15 million from the Millennium Challenge Compact (MCC). After about 30 minutes of argument in yesterday’s session, Montserrado County District #5 Representative Thomas Fallah proffered a motion to have the Leadership of the House of Representatives liaise with the Supreme Court ahead of the US$30 million Road Fund hearing. It may be recalled that last year, the  ministries of Finance & Development Planning…

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Diamond Food   dragged   GOV’t  To  Court

   The management of Diamond Corporation has dragged the Government of Liberia to Criminal A   for deceptively accursing  the entity of  using  Formaldehyde to preserved its frozen product. According to information gather by business Day Liberia recently  The National Fisheries and Aquaculture Authority  discovered that Diamond Food, the fishing company that has been in the media spotlight for ‘bad business practice’ had been using high concentration of Formaldehyde (about 19.14g/l) to alter the natural property of imported fish. Information gathered  revealed that following the discovery, the Ministry of Commerce and Industry   ordered the company’s sub-branch closed on Tuesday, May 29, 2018 in the wake of a laboratory examination result which was commissioned by a joint ministerial inspection team including the Ministry of Commerce and Industry…

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President Weah to Modernize West Point

  Monrovia, Liberia: President George Manneh Weah has signed into law the historic Deed to the slum community of West Point, which paves way for the transformation of the Township into a modern community. The Deed otherwise referred to as the Development Grant was presented to the Liberian leader in June of this year for his signature following the conduct of multiple surveys involving the Liberia Land Authority, Ministry of Internal Affairs and other government agencies. President Weah has turned over the Deed to the National Housing Authority (NHA) in preparation for the construction of 2,000 modern homes in West Point to replace existing outmoded structures. Meanwhile, the 1st Phase for the upgrading cum transformation of the West Point is expected to commence soon with…

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Anti-Buhari alliance to ‘rescue Nigeria’

  Nigeria’s main opposition People’s Democratic Party (PDP) has formed an alliance with dozens of other parties in a bid to defeat President Muhammadu Buhari in next year’s election. The coalition, including a faction of the governing party, plans to field a single candidate. They say they want to “rescue the nation from further decline”. Mr Buhari, whose first term has been blighted by ill health, says he will run in 2019. A similar coalition of opposition parties, which backed Mr Buhari, was largely responsible for the defeat of then-President Goodluck Jonathan in the 2015 elections, says the BBC’s Ishaq Khalid in the capital Abuja. Many serving senators, members of the lower house of parliament and some state governors are believed to be behind the…

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LMA Undemand Relocation Effort for Red Light Marketers

—Madam Bundoo LMA does not want marketeers to come here because of $20.00 it collects from sellers daily.”     Tawah Bundoo, Superintendent of the Red Light Market in Paynesville, did not mince her words recently when she bluntly accused the Liberia Marketing Association (LMA) of collecting dues from sellers but neglecting their interest and welfare. She made the accusation on July 7, 2018, on the grounds of the newly-constructed Omega Market where thousands of marketeers at the Red Light are expected to be relocated. Madam Bundoo, who was among hundreds of marketeers preparing the place for relocation, indicated that the LMA incites marketeers to resist the relocation plan because there at Red Light it collects money that has no impact on those from whom…

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  TAYLOR  called  for Urgent  Actions for the Protection & Education for the African Girl Child

VP  TAYLOR  called  for Urgent  Actions to Foster Protection & Education for the African Girl Child Monrovia, Liberia – Liberia’s Vice President ChiefDr. Jewel Howard-Taylor has been paying tribute to  the world’s longest serving female Monarch of Great Britain, Her Majesty, Queen Elizabeth, II, and other great female icons on the African continent. On the African scene, VP Howard-Taylor paid particular homage to Africa’s first female president, former Liberian President Ellen Johnson Sirleaf, South African iconic female figure, the late Winnie Mandela, and Africa’s first female pilot, the Kenyan Madam Irene Mutungi, among others, for what she said epitomized the determination, brilliance, commitment and dedication thatwomen bring to the table of influence whenever given an opportunity to serve. Serving as the Special Honored Guest at the…

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