Finance Minister AMA Muhith on Saturday identified corruption and lack of proper enforcement of law as the two key elements standing on the way of good governance.
He also said that application of information technology and Right to Information (RTI) Act are mandatory to curb corruption and establish good governance in the society.
He was addressing the inaugural session on "Good governance: Leveraging initiatives that work" at Hotel Sonargaon in Dhaka.
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Police discloses money laundering scheme - Focus Infomation
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Authorities neutralised an organised crime group that used to operate on the territory of Bulgaria, which was part of an international organisation, which secured part of the process of the laundering of money passing through the country and which is acquired through drugs trafficking from Latin America to Europe.
The investigation revealed that the money used to come from destinations such as the Antilles, Venezuela, Panama and other countries. After the money was transferred to controlled bank accounts in Bulgaria, the sums were immediately redirected to China, Hong Kong, Spain and the USA.
It was also ascertained that the money flow was passing through the bank accounts of the members of the group and controlled juridical persons.
According to initial data, the laundered sum since the turn of the year is estimated at more than BGN 5 million.
Authorities raided three addresses in Sofia, where they found bank, company and tax documents, personal computers, cell phones.
Three people were arrested, aged 25 and 37.
FinMin: bill on CPB rescue allows options apart from EU bailout - famagusta-gazette.com
After lengthy discussions, the Parliament approved early this morning a bill providing for the state to act as an underwriter to CPB's capital increase of 1.8 billion euro through a rights issue.
''The effort made tonight (yesterday for the approval of the bill) gives the possibility to examine other options,'' Sharly said responding to a question whether Cyprus would avoid the EU support mechanism.
''And yes we will work in the time ahead to explore every option possible to avoid the (support) mechanism,'' he added.
Sharly said he is moved by the sense of responsibility shown by all MPs who approved the bill.
Furthermore, replying to questions, Sharly voiced his concern over developments in Greece, expressing hope that Greek politicians will put the interest of their country before their own political benefit so that Greece will remain in the euro area.
''If this prevails I believe that at the end of the day Greece will make it and will remain in the Euro area and the Greeks will see better days,'' he added.
Cyprus is heavily interconnected with Greece through the Cypriot baking system whose loan portfolio in Greece accounts for approximately 25 billion euro. While Athens is gearing up for new general elections on June 17 speculation for Greece's exit from the Euro area is rising.
''For this reason I say if the Greek politicians show the same sense of responsibility like their Cypriot colleagues I believe they will make it (to remain in the Euro zone) and will not drag Cyprus in more difficult days,'' Sharly said replying to a question.
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Precision Walls Promotes Christensen to VP of Finance - PR.com
Christensen has 20 years of experience in construction, accounting and finance with KPMG, Centex Homes and KB Home. He also serves on the Board of Directors for three non-profit organizations: the local chapter of the Construction Finance Management Association, Diabetes Management Solutions and Ten Thousand Villages. Christensen, a Certified Public Accountant, holds a B.A. in Philosophy from Creighton University in Omaha, Nebraska and a Masters in Accounting from the University of North Carolina at Chapel Hill. He is the proud father of three children: Soren, Carly and Tess.
About Precision Walls:
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Road money is still just a trickle - Vancouver Business Journal
The six-year plan released this week reflects last year’s priorities since nothing has changed.
Someday: Olde Towne Road will be straightened at the sharp turn in front of The Colonies at Williamsburg. When the timeshares were developed, VDOT gave up surplus right-of-way for buffers and The Colonies gave up land to fix the curve. The project will cost $2.66 million.
Croaker Road will be widened to four lanes from Richmond Road to the James City County Library. The project includes replacing a new two-lane bridge over the train tracks. The total project cost is $12.67 million, of which $984,211 is already funded.
Longhill Road will expand to four lanes between Route 199 and Olde Towne Road and get sidewalks. The road is already over capacity. The project will cost $11.8 million, with about $135,000 in hand.
County officials consider this project the most urgent, but Olde Towne and Croaker will likely reach the construction phase beforehand.
Racefield Drive would be paved under a project that sets aside money annually until enough has accrued to complete a project. So far, the county has $69,000 toward $177,600 needed.
Hicks Island Bridge over Diascund Creek will be replaced under a similar funding scheme. The bridge has a low sufficiency rating and has been pinpointed by VDOT as priority for replacement. The project will cost $726,000, of which $280,800 is funded.
The Board of Supervisors will review the priorities next week.
Want to go? The supervisors will meet at 7 p.m. Tuesday, May 22, in Building F of the County Government Complex, off Mounts Bay Road.
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