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Global Tracking And Maritime Solutions is a heap for more economic hardship on Liberians.

     Monrovia – Global Tracking and Maritime Solutions bulldozed their way through accountability, transparency and vetting cracks at Liberia’s National Port Authority to secure a controversial agreement, which   the Liberia Chamber of Commerce  describe as a complete  heap for  more economic hardship on Liberians. The agreement involves what is known to most businesses and those shipping containers as the Cargo Tracking Note (CTN) or Loading Certificate, an official shipping document that contains information related to the cargo and its movement between ports. Various shipper councils in different countries require this document for importation. CTN is requested by Customs to importers for clearance of cargo. All documents related to cargo must have CTN number if shipped under CTN. The CTN number must be provided to…

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President Weah Signs Book of Condolence for Geraldine Doe-Sheriff

  President George Manneh Weah signing the Book of Condolence of the late Senator Geraldine Doe Sheriff Photo Credit: Executive Mansion Photo       Monrovia, Liberia – The President of the Republic, Dr. George Manneh Weah, on Wednesday, March 12, 2019 signed the “Book of Condolence” for the late Geraldine Doe-Sheriff whom he described a true patriot and a pillar of Liberia’s contemporary women movement. The President signed the condolence book at the Capitol Building in Monrovia, visibly filled with sorrow over the passing of Senator Doe-Sheriff with whom he had a longstanding political affiliation. “The passing of Senator Doe-Sheriff is a big blow not only to her family and the Senate, but also to women in leadership and particularly young girls aspiring to be…

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ArcelorMittal Liberia responds to lawmakers’ inquest on MDA violations

The management of ArcelorMittal said that it is still committed to implementing the Mineral Development Agreement signed with the Government of Liberia back in 2006, after been accused of grossly violating the Mineral Development Agreement, MDA. The steel company was responding to the House of Representatives’ allegations. In 2018, the Joint Committee on Lands, Mines, Energy, and Environment along with the committees on Investment and concessions and Health following an ‘intensive’ investigation of the company’s operations in the country, found grossly violating of the MDA. The MDA was signed in 2005 and amended in 2006, with a focus on sustainable development and economic, social and environmental investment for the company and citizens. But there have been increasing allegations of violations of the agreement by the…

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ArcelorMittal’s Appoint  New Liberia CEO

Mr. Scott Lowe has been appointed the new Chief Executive Officer (CEO) of ArcelorMittal Liberia (AML), a statement from the company has announced. Lowe has extensive experience in mining, working in senior management positions at BHP Billiton and as CEO in several publicly listed exploration and development companies.  In 2015, Lowe took over the Australia-based Intrepid Mines for the second time as CEO, on the confidence of the board of that company due to his “extensive experience in international mining operations and… long history of managing the Company’s Zambian assets.” Lowe holds an MBA along with tertiary qualifications in mining engineering and is a member of the Australian Institute of Company Directors. The new CEO, will now lead ArcelorMittal Liberia’s iron ore concession spanning Nimba…

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IMF Slashes Liberia 2019 Growth Outlook as Inflation Soars

Liberia’s economic growth will stall this year as high inflation overwhelms gains made in revenue collection in the West African nation, the International Monetary Fund staff said in a report on its website. The economy will expand 0.2 percent in 2019 under current policies, down from an earlier estimate of 4.7 percent, the IMF said Friday. The agency said 2018 growth was 1.2 percent, lower than 2.5 percent in 2017. Inflation jumped to 28 percent in December, the Washington-based IMF said. “Liberia’s economic situation is challenging, and strong policy actions will be required to maintain as favorable outlook as anticipated at this time last year,” IMF team leader Mika Saito said in the statement. “Stability has proved elusive despite improved revenue collection in the first half” of…

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CDC-Government Believes in Tangibles; not Flashy Bill Boards

 …..Commerce Minister Tells  partners         Monrovia- Liberia: Commerce and Industry Minister, Professor Wilson K. Tarpeh, has said the Coalition for Democratic Change-led Government of President George Manneh Weah will ensure that the lives of Liberians are transformed through appropriate programs and policies. Minister Tarpeh said President Weah’s leadership will   translate his vision for the country into reality   through workable and achievable programs rather than the erection of attractive and costly bill boards that will have no meaningful bearing on the Lives of Liberians, especially ordinary citizens. Professor Tarpeh made the observation over the weekend in Ganta City, Nimba County at close of a two-day Business Climate Forum. He said taking the lives of Liberians from several years desolation to appreciable level entails a…

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ICRICT Support IMF Calls For Overhaul Of International Tax Rules To Stop Tax Avoidance By Multinationals

The IMF paper “IMF POLICY PAPER CORPORATE TAXATION IN THE GLOBAL ECONOMY “published today states that the international corporate tax system is under unprecedented stress and allows $600bn of revenue losses each year due to tax avoidance (profit shifting) by multinationals. This negatively affects both developed and developing countries. ICRICT Commissioner, Professor Valpy Fitzgerald, said: “The report recognizes that capital taxation is essential for a progressive tax system, and that thus corporation tax must be maintained. This is particularly important to address inequality, as corporation tax targets the wealthiest who avoid tax by using tax havens. “A radical overhaul is required and alternatives should be judged on their distributional impact. A move towards global formulary apportionment would benefit both developed and developing countries, if labour…

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Liberian Senate Debates Dual Citizenship Bill

Members of the Liberian Senate The Plenary of the Liberian Senate on Tuesday reconvened discussions on the Dual Citizenship Bill proposed by Maryland County Senator Dan Morias. The Bill seeks to amendment Article 28 of the Liberian Constitution which states that any person, at least one of whose parents was a citizen of Liberia at the time of the person’s birth, shall be a citizen of Liberia, provided that any such person shall upon reaching maturity renounce any other citizenship acquired. Several Senators, including Gblehbo Brown of Maryland County, Francis Paye of Rivercess County and Milton Teahjay of Sinoe county, argued that it is not possible for an individual to be loyal to two nations and as such the bill should not be considered. The…

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Liberian-Flagged Ships 1st to Feature ClassNK e-Certificate

  The world’s first comprehensive electronic certificate service for classification and statutory certificates, which will first be available to Liberian-flagged vessels, will enter operation from June 15, classification society ClassNK said. The service, ClassNK e-Certificate, is the result of a project aimed at reducing the workload on board and at shore by minimizing potential clerical errors and time-loss associated with paper burden, according to the classification society. Based on the standards stipulated in IMO’s Guidelines for the use of electronic certificates, released in April 2016, the system enables secure transmission of certificates from ship to shore and vice versa. ClassNK added that it includes an online function “to determine the validity of certificates and that they have not been falsified or tampered with.” Trials on…

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 Previous Gov’t Damage Liberia Economy

-Former President Sirleaf  Predicted Hard Time         A little over a year since the coalition for democratic change (CDC) Government took control of state power, its opponents have laid blame for the bad economic state of affairs in the country. And when president George Weah spoke on the economic situation in the Liberia, he announced a gloomy outlook of the situation, amongst others, indicating that he met empty coffers with barely US$5 million for government officials. He was still debunked by his predecessor , Ellen Johnson Sirleaf, who stated she left a very healthy economy and good amount of money in the coffer, though she did not say how much her government left. And she continued that had the new CDC Government…

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