500 stranded melon-headed whales rescued in Philippine bay

Saturday, February 14, 2009

Philippine fishermen, volunteers and authorities with dozens of fishing boats have joined hands in guiding back to sea about 500 disorientated melon-headed whales that were stranded in the shallow waters near the mouth of Manila Bay delta in the Bataan Peninsula.

The gentle mammals were first spotted swimming back and forth and straying very dangerously close (about a mile or 1.6 kilometers) to the shores of the coastal towns of Pilar, Orion and Abucay 135 kilometers northwest of Manila at around at around 4:00 am on Tuesday, said Philippine Coast Guard (PCG) Commodore Luis Tuazon and Bataan Governor Enrique Garcia Jr.

The Philippines Bureau of Fisheries and Aquatic Resources (BFAR) said its has responded to the reported mass “stranding” of whales off Pilar coastal waters in the province of Bataan where the famous and historic Corregidor Island is located.

Using dozens of fishing boats with machines shut down and bare hands, more than 100 village fishermen and volunteers along with BFAR, local police and Philippine Coast Guard personnel have joined the massive rescue. With great difficulty, the emergency team has waded into the chest-deep water, clapping their hands and hitting the surface to guide and drive the whales farther away from the coastal shore to deeper waters.

“The mammals were at first thought to have been dolphins, but experts then identified them as melon-headed whales,” local veterinarian Mariel Flores said. “This type of whale can be easily mistaken for dolphins because of their size and their teeth, which resemble those of dolphins. The mammals have ears that are sensitive to large changes in pressure underwater,” she added.

This type of [melon-headed] whale can be easily mistaken for dolphins because of their size and their teeth, which resemble those of dolphins. If their eardrums are damaged they become disorientated and they float up to the surface.

“It looked like they never wanted to leave. They looked sad,” said Rodolfo Joson, a village councilor. Joson and his son, Joey, a fisherman like him, have rushed home at about 4 a.m. to report the pod sighting. “It was still dark when we waded into the water. The whales were about 200 meters from the shore. The water was up to my neck. We first checked their conditions by playing with them. They did not repel us or leave. They were making hooting sounds,” Joson explained the mass beaching. “It seemed they were running away from waters that they didn’t like. Dolphins are happy and strong creatures. They raced with ships,” he added.

A post-mortem examination has revealed that four dead whales found beached farther up north in Abucay, Bataan, include two adult females, one of which was pregnant, while the other gave birth to a calf that also died, said Dr. Lemnuel Aragones of Ocean Adventure in Subic Freeport who did the necropsy at the Bataan fisheries office in Balanga City.

This is the first time that such large numbers of dolphins had been stranded in the Philippines. “We are trying to come up with a possible explanation to this unusual occurrence. It could be that the dolphins had lost their bearings and inadvertently ended up on the shallow portion of the coast unable to extricate themselves,” said Dr Lemuel Aragones, Associate Professor at the UP Institute of Environmental Science and Meteorology.

Dr Aragones, who holds a PhD on Tropical Environmental Studies (Marine Ecology) from Australia’s James Cook University, explained that “the melon-headed whales of the dolphin family have sophisticated navigation systems that operate on a principle similar to sonar instruments used in submarines. Like humans, dolphins also follow a ‘leader’ of their pod. It is possible that the leader of this dolphin [pod] had somehow lost its way. In turn, the leader’s acoustic system, which serves as its guidance system, might have been impaired,” the marine expert elaborated.

Dr Aragones said “BFAR, UPIESM, and the Ocean Adventure Marine Park in Subic started the Philippine Marine Mammals Stranding Network (PMMSN) in 2005 as a response to cetacean strandings or beachings.” She cited the PMMSN training received by BFAR officers in Bataan during Tuesday’s mass beaching. She has asked the government to release funds for marine mammal studies.

The two adults had damaged eardrums, Alberto Venturina, the provincial veterinarian, said. “Dolphins with injured eardrums become disoriented, cannot dive for food and are too weak to swim and just flow with the current. If it’s a sick leader, the animal needs to be identified and taken out of sight of the rest of the pod so the healthy dolphins could be prodded back to sea,” he added.”The two animals were identified as melon-headed dolphins, weighing about 250 to 300 kilograms (550 to 660 pounds),” explained Venturina, adding “the third dolphin was only a month old and measured barely a meter long. Its gender had not yet been determined.”

According to Nelson Bien, head of the Fisheries Resource and Management Division of BFAR Region III, a necropsy by BFAR, the provincial veterinarian, and veterinarians from the Ocean Adventure in Subic Freeport has traced the cause of their death to drowning.

The marine doctors have determined that the marine mammals might have drowned after failing to extricate themselves from the fishing nets or “baklad,” explained Dr. Mundita Lim, director of the Protected Areas and Wildlife Bureau (PAWB) of the Department of Environment and Natural Resources (DENR). “There were no injuries to their ears, like visible lesions, but the possibility of an acoustic problem or trauma is still there,” Dr Lim explained, saying, “more tests, like analysis of tissue samples and MRI tests will have to be done to see if there were other injuries to the animals not visible externally.”

They are sending tissue samples to the University of Philippines in Los Baños, Laguna for analysis. “If it was something like climate change, then it would be a bigger environmental problem,” Lim added.

A fourth and pregnant one was also found dead in the village of Tortugas in the town of Balanga, Bataan, said Bien, saying they were investigating the incident and would conduct a “water quality and water parameter test” to determine why the dolphins beached to shallow waters. The condition of melon-headed whale found at Talisay River and taken to Ocean Adventure in Subic Freeport has improved amid forced feeding and treatment of its 2 wounds, said Nilo Ramoso, Biologist III, Pawikan Conservation Project.

Dr. Westly Rosario, BFAR Center chief in Dagupan City, has reported that BFAR personnel were also investigating a “problem in the water, probably chemical pollution,” to explain why the dolphins beached and sought shelter in the shallow waters. The dolphins have faced the same direction and their blowholes above water, they seemed to be avoiding something. “The dolphins were behaving in the same way, they have the same action. People were trying to drive them back into the sea but they refused. There could be chemical pollution somewhere which they were avoiding,” Rosario explained.

Dolphins’ disorientation is sometimes caused by the changes in earth’s magnetic field “that cause the dolphins’ navigational mechanisms to go haywire,” Dr. Edgardo Gomez, professor emeritus of the University of the Philippines Marine Science Institute, said, adding that “it could also be chemicals in the water that affected the dolphins, although this should be proven by water tests.” Philippine marine biologist Rizza Salinas said a possible cause for the stranding of large pods of distressed whales is that there could have been illegal dynamite fishing in the area.

“This is very strange. What is also unusual is they appeared disoriented. I am on my way to Bataan on board BFAR’s patrol vessel. We will look into the situation. Our patrol boats are also on their way to the area. We are also getting experts on stranding,” said BFAR director Malcolm Sarmiento Jr. Sarmiento, explaining that the highest number of stranded dolphins recorded by the BFAR was only 20 to 30. “It’s something unusual. It’s the first time that such a large pod has entered Manila Bay, and is acting strangely,” Sarmiento added.

“Most strandings are caused by seaquakes, heat wave or disturbances at sea. Such disturbances affect the pressure underwater, which subsequently affects the dolphins’ eardrums and sense of balance, leading to their “disorientation.” The creatures then will avoid diving in deeper parts of the ocean and will swim to shallow areas. They came from the north and were headed towards the South China Sea,” Sarmiento explained, adding that the unusual occurrence may have also been caused when the pod could have been following a sick or injured leader.

Sarmiento has appealed to the public not to inflict harm on the dolphins, which are considered threatened species. “Please do not harm the dolphins because they are already endangered. The authorities should also prevent the people who want to inflict harm on the creatures. They should be arrested, if needed.” Melon-head dolphins are considered threatened species — meaning they are likely to become endangered in the future.

“At around 12 noon, the dolphins were finally guided to the open seas, but residents in Hermosa near Mariveles were surprised to see the dolphins near their shoreline, but around 4:30 pm, all the dolphins have left the shoreline and swam towards into deeper waters,” said Governor Garcia.

“The dolphins swam parallel back to Abucay, Hermosa, and Manila Bay before they were eventually herded farther offshore. There are theories that this phenomenon was a result of the Monday night lunar eclipse. The Fisheries Bureau will know after their tests,” Garcia added.

Having suspected the dolphins’ habitat must have been disrupted, forcing them to flee and seek refuge in shallow waters, Senate of the Philippines Majority Leader, Juan Miguel Zubiri on Tuesday asked experts to probe the cause of the sudden appearance of more than 300 electra dolphins near the shores of Pilar town in Bataan province Tuesday morning.

Senator Zubiri wanted the experts to examine the possibility that an earthquake study, involving an undersea experiment using blasting in the South China Sea by the Lamont-Doherty Earth Observatory (L-DEO) – a collaborator of Columbia University – caused the abnormal behavior of the small whales.

Citing an International Union for Conservation of Nature research concluding that the melon-headed whales may have been distracted by the South China Sea study, forcing the dolphins to wander in the shallow waters, Senator Zubiri said that “the earthquake study is a sea floor investigation project in the exclusive economic zone that includes Taiwan, China, Japan and the Philippines for its earthquake research. On top of saving stranded dolphins, we should find the cause for the tragedy in order to avoid them in the future and to be prepared when it occurs again,” he explained.

But according to Erlinton Olavare, Philippine Institute of Volcanology and Seismology (PHIVOLCS) science research specialist, “no significant event was recorded by their stations in Bolinao, Sta. Cruz and Lubag, near Pilar at the time the dolphins were stranded Tuesday.”

Department of Environment and Natural Resources Secretary Jose L. Atienza, Jr. said Bataan Gov. Enrique “Tet” Garcia on Wednesday confirmed there was dynamite fishing in his province. “I asked him [Garcia] and he confirmed it. He also said he was battling this illegal activity,” said Atienza. “The causes of the acoustic trauma could have been sound waves caused by dynamite fishing or sounds emitted by passing ships or seaquakes,” Gov. Garcia said.

“Dolphins are a ‘cohesive’ group and that they follow where their leader takes them. If the leader of the dolphins was sick, then the animal could have committed a “navigational error” and led the rest of the group to shore,” said the Whale and Dolphin Conservation Society (WDCS).

“The pod of melon-headed whales (dolphins) on Manila Bay were injured by a rather nasty group of more than 120 undersea earthquakes. The swarm started with a small magnitude-4.5 event on December 21, 2008. Things got red-hot on January 3, 2009 when a magnitude-7.6 event erupted near the water’s edge on Papua Island in Indonesia, 700 miles southeast of Davao City in Mindanao. The 7.6 magnitude quake was followed by more than 120 major aftershocks each one capable by itself of inflicting injury on a pod of dolphins,” said Capt. David Williams, a retired marine mammal researcher, a commercial sea captain for 40 years and active whale conservationist.

Capt. Williams explained that whales and dolphins have small air sacs (pterygoid sinuses) that surround each inner ear and help then sense sound direction underwater. A damaged pterygoid air sac results in the loosing of echonavigation and echolocation. “In summary, my Seaquake Theory indicates that barotrauma, as a result of exposure to potent earthquake-induced changes in ambient pressure, solves the centuries-old mystery of why whales and dolphins mass-strand on beaches around the world,” Capt. Williams concluded.

An explosive blast and explosive decompression create a pressure wave that can induce barotrauma. The difference in pressure between internal organs and the outer surface of the body causes injuries to internal organs that contain gas, such as the lungs, gastrointestinal tract, and ear.

According to the Natural History Museum experts, whale and dolphins can become confused, mis-read the Earth’s magnetic fields, fear certain sounds and get lost. Since 1913, it has investigated all strandings, more than 11,000 so far, and it runs the UK Whale and Dolphin Stranding Scheme.

New Zealand‘s Project Jonah has claimed that the largest recorded beach stranding was in 1918 when 1,000 pilot whales were stranded on New Zealand’s Chatham Islands.

The last mass beaching in the Philippines was in 1956 when around 12 sperm whales were stranded in a coastal area in Capiz, amid at least 10 yearly strandings that happened in the country involving only one or two animals that were either sick or dying.

Last January this year, Filipino fishermen have also rescued an endangered sea cow. The fishermen aided the beached sea cow to the deep sea, according to the Worldwide Fund for Nature.

The Melon-headed whale (Peponocephala electra; many-toothed blackfish and electra dolphin) is a cetacean of the oceanic dolphin family (Delphinidae). As small members of the dolphingroup, it is closely related to the Pygmy Killer Whale and Pilot Whale, and collectively these dolphin species are known by the common name blackfish.

The tender mammal can grow up to 2.7 meters (9 feet) and weigh as much as 210 kilograms (460pounds). With black triangular “mask” on its face, it appears dark gray to black in color, has no discernible beak and its head is shaped like a rounded melon, thus the name. Its primary diet is squid and fish. The Melon-headed whale lives well off-shore in all the world’s tropical and sub-tropical oceans.

At the northern fringes of its range it may also be found in the warm currents of temperate waters. Ordinarily, however, it is found beyond the continental shelf between 20° S and 20° N. The Melon-headed whale is widespread throughout the world’s tropical waters, although not often seen by humans on account of its preference for deep water. It has been found in Ireland, Hawaii and Cebu, in the Philippines.

As social species, they are covered by the Marine Mammal Protection Act of 1972 in the United States. In July 2004, between 150 and 200 melon-headed whales occupied the shallow waters of Kauai island in Hawaii for over 28 hours, after which, they were rescued and guided to deeper water. This incident may have been related to nearby United States Navy sonar exercise.

The International Union for Conservation of Nature (IUCN) which includes the melon-headed whales in its Red List of threatened species said that the number of whales involved in mass stranding had increased in the last 30 years.

“The melon-headed whales are likely to be “vulnerable” to loud sounds, such as those generated by navy sonar and seismic exploration. Evidence from stranded whales also has indicated that they may have died after swallowing plastic items. It has been predicted that the whales will be affected by global climate change, but the impact is still unclear,” the IUCN explained.

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Koreas hold joint training session for Olympics

Tuesday, January 30, 2018

On Sunday, female ice hockey players from North and South Korea joined one another for a training session before the upcoming Winter Olympics. Players from the two Koreas are to compete together as a united team for the events hosted in Pyeongchang, South Korea, which are scheduled to start on February 9; Seoul’s Unification Ministry said. The cross-border gesture is part of diplomatic efforts to ease tensions on the divided Korean Peninsula and the team was approved by the International Olympic Committee.

The International Olympic Committee selected Pyeongchang in 2011 to host the event, marking South Korea’s first opportunity since the 1988 Summer Olympics in Seoul. The earlier event was marred by violence as North Korea had bombed a South Korean flight several months prior, killing over 100 and boycotted the event. Inter-Korean relations have changed considerably in the ensuing thirty years, including the two sending unified teams for table tennis and youth football in other non-Olympic competitions.

The announcement that the two countries would compete together was a stated goal of South Korean President Moon Jae-in. Last year, he announced the proposal and the two nations went into discussion this month. After two weeks, they made the announcement to field a consolidated 35-strong team of ice hockey players and have joint skiing exercises with both team coaches involved.

According to Yonhap News Agency estimates, about 80% of South Koreans support dialogue, but the move to have a joint team has been controversial. Over 10,000 South Korean citizens sent a petition to South Korean President Moon opposing the union and a group of North Korean defectors held a protest at the South Korean National Assembly on January 24, tearing apart photos of the North Korean leader, Kim Jong-un. Public support for eventual reunification of the Korean peninsula has waned in recent years, with the younger generation more skeptical of the possibility.

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Commercial Landscape Management And Business Curb Appeal

byAlma Abell

Curb appeal is a term often heard when selling a home or a residential property. However, curb appeal is equally important for a commercial property. Customers and consumers make a judgment on a business, campus, facility or agency based on the first impression they have of the location.

Using a commercial landscape management company to maintain the grounds of any size of commercial or industrial property is an investment in branding, reputation, and first impressions. By working with an experienced landscaping service, you have the confidence and peace of mind in knowing the first impression will be a positive one all year round.

[youtube]http://www.youtube.com/watch?v=deywxUgIGPI[/youtube]

Healthy Lawns

One of the most important aspects of business curb appeal is a healthy, lush lawn. An experienced commercial landscape managementwill be able to make recommendations as to the type of grass for new lawns or when upgrading an existing lawn. Additionally, proper irrigation, fertilization, and weed control further contribute to a beautiful natural space.

Strategically Placed and Maintained Trees

Landscaping does not require the addition of gardens and flower beds throughout the property. In fact, strategically selected and planted trees and shrubs can create an amazing look with very limited care and maintenance required.

Talking to the landscape designers will ensure the look you require will be just what is provided. They can also work with your budget both for original landscaping as well as ongoing maintenance.

Perennial and Annual Plants

By choosing annual or perennial plants as well as trees and shrubs suited to your geographic area, the cost of maintaining a beautiful outdoor space can be very reasonable.

By choosing the correct grass variety, trees, shrubs, and plants to complement the business, companies can boost the curb appeal of their commercial or industrial space without spending a fortune.

Schools benefit from new California budget

Saturday, July 1, 2006

California Gov. Arnold Schwarzenegger signed a bipartisan state budget Friday that invests a record $55.1 billion in education – an increase of $3.1 billion this year and $8.3 billion over the last two years – and allocates $4.9 billion to create a budget reserve and to pay down the state’s debt early.

Schwarzenegger credited bipartisan cooperation in coming up with a budget he was willing to sign, and do it on time, a rarity in recent California politics.

“It’s amazing what can be accomplished when Democrats and Republicans work together in Sacramento,” said Schwarzenegger. “I want to thank the legislative leadership – Senators Don Perata and Dick Ackerman, Speaker Fabian Nunez and Assembly Republican Leader George Plescia – for all their hard work on the budget. We put politics aside and were driven by the overwhelming desire to do what’s best for the people of California.

“I am especially proud that the budget expands preschool, and returns art, music and physical education classes to our children,” he said.

State Superintendent of Public Instruction Jack O’Connell said he is pleased by the budget. “The budget passed by the Legislature brings welcome support to education in California, making good on past debts to our schools and investing in sorely needed classroom programs,” he said.

He had his own budget favorites: “I’m particularly pleased that the budget includes increased funding for school counselors, teacher professional development, programs targeted to helping students pass the high school exit exam, and expanded and improved student nutrition programs.

“While there are some priorities over which we may disagree, I applaud the Governor and the Legislature for a budget that makes education a top priority.”

Barbara E. Kerr, president of the 335,000-member California Teachers Association, also likes the direction of the new budget.“The timely approval of the new state budget is good news for our public schools and students,” she said. “School districts and teachers can now plan ahead. The nearly six percent cost-of-living-adjustment will allow local schools to restore funding to education programs that have been cut over the past few years and provide for salary increases.”

Still, Kerr, said, the budget doesn’t go far enough. “This budget is a down payment on the debt owed to our schools. Teachers will continue to work with the governor and the Legislature to ensure repayment of the $3 billion still owed to our schools under Proposition 98 and the lawsuit settlement agreement announced last month. That money will help our schools of greatest need reduce class sizes, improve teacher training and increase parental involvement.”

How the budget affects the New Haven Unified School District and James Logan High School, or the James Logan Courier, specifically is not yet clear.

State Treasurer Phil Angelides, who is running for governor against Schwarzenegger, liked the increased education funding, and praised his fellow Democrats in the legislature for that, but criticized the entire budget for being out of balance.

“On higher education, Democrats in the Legislature did the right thing, when the governor would not, and gained a $6 per unit rollback in community college fees,” he said in a statement. “That is a start. But the governor’s budget will still leave community college fees nearly double what they were just three years ago. And the budget will also leave untouched the fees at CSU and UC, which have increased by $2,000 and $5,000 respectively under Governor Schwarzenegger.”

Missing from the budget, Angelides said, is funding to expand health care for low-income children. Schwarzenegger “failed to get members of his own party to agree to a budget that funds health care for more kids from low-income families on the Healthy Families program regardless of the families’ immigration status. Compassion requires – and intelligent public health practice demands – that all people residing in California have access to adequate health care,” Angelides said.

Schwarzenegger credited a strong economy that increased state revenues for providing the cash to cover the increased expenditures and set aside a $2.1 billion reserve and an additional $2.8 billion for debt prepayment. Included in that is $1.42 billion for repaying borrowed funds earmarked by the voters for transportation projects aimed at reducing traffic throughout the state. The early debt payment and the reserve account for nearly 4.7 percent of the overall budget – the highest in 25 years.

Still, Angelides said, the budget is out of balance and the state is running up more debt. “Despite his repeated pledges to ‘cut up the credit card’ Governor Schwarzenegger has produced a budget that still leaves a $3.3 billion structural budget deficit for 2006-07 and more deficits for years to come,” Angelides said, “It is a budget thatwill continue to shift the burden of today’s deficits onto the backs of futuregenerations.”

The budget largely mirrors the May Revise, which has since prompted all three Wall Street credit rating agencies to upgrade the state credit rating, reducing the cost of state borrowing. One of the agencies, Fitch, Inc., cited “California’s continuing economic recovery, strong revenue performance and continued progress in reducing fiscal imbalance” when upgrading their rating on the state’s general obligation debt from A to A+ last month. Standard and Poor’s also raised its rating from A to A+ in May. Moody’s Investors Service raised its rating from A2 to A1 the same month.

Despite the improved credit ratings, Angelides said, the three rating agencies still have reservations about the state’s fiscal future. The agencies “have corroborated my warning and that of the Legislative Analyst that while state revenues have improved, California’s fiscal condition will remain insecure until the state produces balanced budgets,” he said.

Highlights of AB 1801, the Budget Act of 2006 by Assembly member John Laird (D-Santa Cruz), include:

Preschool through High School Education – The budget includes $100 million for the Governor’s targeted preschool initiative, which will make preschool available to every four year old living in a low-performing school district. $50 million of this funding will be used to build and improve preschool facilities. The budget also includes $645 million to fund physical education, arts and music programs. Overall, $11,264 will be spent on each student, an increase of $516 from the current year.

Higher Education – The budget allocates $19.1 billion from all sources for higher education and eliminates tuition and fee increases at UC and CSU. California, which already has the lowest community college fees in the nation, will further lower student fees from $26 per unit to $20, effective Spring 2007.

Law Enforcement – The budget includes an additional $196 million to support law enforcement efforts, including money to fund Sexual Assault Felony Enforcement teams, 500 GPS devices to track and monitor the highest-risk parolees and four new Gang Suppression Enforcement Teams. The budget also proposes the addition of 235 California Highway Patrol positions, includes $56.4 million to replace the CHP’s existing radio system and allocates $6.4 million to handle the increasing number of wireless 9-1-1 calls. Additionally, the budget includes a $20 million investment to strengthen efforts to fight methamphetamine trafficking and $6 million to create three new California Methamphetamine Strategy program teams.

Disaster Preparedness – The budget provides $220 million to enhance California’s ability to prepare for, mitigate and respond to emergencies, including money to strengthen public health response during a disaster. This includes preparations to prevent a pandemic influenza outbreak and expanding efforts to help local governments develop disaster preparedness plans.

Public Health – The budget includes $22.6 million for counties to perform outreach and enrollment activities to reach the 428,000 children who are eligible for Medi-Cal or the Healthy Families program but are not enrolled. The budget for the Healthy Families program also covers enrollment growth for 78,200 additional children.

Transportation – In addition, the Budget makes a substantial investment in improving California’s transportation system. It provides $1.4 billion to fully fund Proposition 42 for the second consecutive year, and it provides an additional $1.4 billion for the early repayment of past loans from Proposition 42, for a total of $2.8 billion. Of the $1.4 billion repayment, $440 million is designated for cities and counties for local road and street maintenance that would otherwise not be funded.

The budget is the first on time budget since 2000 and the fourth in the last 20 years. The 2006-07 budget’s general fund is $101.3 billion and total is $131.4 billion. For a more detailed overview of the budget, please visit www.dof.ca.gov.

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Indian banks propose to use gold deposits as CRR/SLR

Monday, June 30, 2014

State Bank of India (SBI) and Bank of Baroda (BoB), two of the largest public sector banks of India, proposed on Saturday their gold deposits should be allowed to count toward their state-mandated cash reserve ratio (CRR) or statutory liquidity ratio (SLR).

Arundhati Bhattacharya, the chairperson of SBI, made the proposal at a Gem & Jewellery Export Promotion Council event held in Mumbai on Saturday. She said the need for gold deposits to become more liquid has increased because gold import is putting a strain on the country’s current account deficit. S. S. Mundra, Chairperson and managing director of BoB, agreed and said it would help bringing gold into the more productive sectors of the economy.

Bhattacharya added SBI has no longer any incentive to run its gold deposit scheme as it cannot fully deploy the assets, noting SBI is the party most involved with gold deposits in India. G. S. Sandhu, Union financial services secretary, also at the event, responded that the government is looking for ways to monetize the gold held by the public, as import of gold can strain the current account deficit and foreign exchange reserves.

Currently, the Reserve Bank of India has set the CRR at 4% and the SLR at 22.5%. SLR is the portion of deposits that must be invested in recognized safe securities and assets.

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Purchase Order Financing The Best Available Option For Financing Your Big Orders

Purchase Order Financing The Best Available Option For Financing Your Big Orders

by

Jacob M Willis

Whether you have a small business or big company, funding or finance is the basic boost that would let you run your company smoothly without any issues and worries. If you are lucky to receive big orders from a company of good fame you need to pay attention to all possible areas to make it a big success. Here comes the assistance of the finance companies that make you enjoy some of the best opportunities for business growth.
What is Purchase Order Financing?
When you don t have a good rapport with bank and finance lending companies, PO financing will help secure your sale and the order deliveries. The best thing about a purchase order finance is it is a short term commercial finance option that will help you pay to the suppliers without putting any constraints on your home cash reserves.
The main criteria of the purchase order financing is it does not measure the financial capacity of your company like the banks. They look forward to the quality customers that your draw at your service and their financial ability. If you sell your products to a larger company with known brands you win the option of purchasing better funds. There are other similar varieties of financing options available in market like, Commercial Real Estate Loan. They help you to fulfill your dreams faster.
Purchase Order Financing – Mark yourself as a good candidate
The foremost criteria to qualify for purchasing finance is to make sure that you sell products rather than services. A reseller, a distributer, and a whole seller can always be a perfect candidate as they usually deal in buying the products and then shipping them to the desired clients. The companies that sell services along with products may get the benefit of purchase order finance only if there is a significant difference in the service and the product selling.
PO Financing Working Process And Benefits
The products that you intend to buy from the suppliers are bought by the finance companies in your name against a letter of credits issued by the finance company. This act is done it order to ensure a secured delivery of the products to the client. The supplier bears the copy of the letter of credit in return.
A few useful aspects of Purchase order financing can be described as follows:
  • PO finance is different from taking loan for fulfilling your orders.
  • PO finance companies pay to your suppliers up front for materials and help you avoid cash flow issues.
  • Purchase order financing allows your company to accept big orders even though you don t have enough cash to buy materials, pay employees and manage all related expenses.
  • PO financers collect payment from your clients and take away your burden.
  • It does not require your company to have excellent credit for getting PO funding.
How most of the purchase financing companies function?
  • Most of the companies try to lend 100% of finance however it might vary according to the rate.
  • Better is the finance you will get larger orders from the clients. So they try to make the approval process run faster.
  • Most of the companies will work according to the current financial condition of the company.
So before it is gets late and you lose your most cherished and important client get hold of a reliable purchasing order finance company that will help you with your business growth.
Jacob Willis has been familiar with a large variety of financing options including purchase order financing and commercial real estate loan. He has weighed them all and come out with his own set of recommendations for people.

Article Source:

ArticleRich.com

[youtube]http://www.youtube.com/watch?v=6unAYEkdbeU[/youtube]

New Internet addresses tested on World IPv6 Day

Wednesday, June 8, 2011

Online organisations around the world are today testing Internet Protocol Version 6 (IPv6) — a new system of Internet addresses hoped to resolve the issue of the present system being at capacity. World IPv6 Day is checking everything works as planned.

The current IPv4 standard was set up in the 1980s; it gives everything on the Internet a twelve-digit address and allows for 4.3 billion combinations. With these exhausted, IPv6 is designed to increase the limit 340 undecillion — that’s 340 trillion trillion trillion.

Major websites including services run by Google, Facebook, and Yahoo! are taking part in the test, switching their content to use the new system. Facebook predicts 99.97% of users to be unaffected and Google anticipates 99.5% will not encounter problems. The remainder may encounter slow page loading.

Fiji and Australia are among the first countries to have business-hours web traffic during the test. Internet Society of Australia President Tony Hill claims more than 100 global companies are involved.

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Minnesota to require 25% renewable energy production

Saturday, February 24, 2007

This article features in a News Brief from Audio Wikinews:

Governor Tim Pawlenty of Minnesota signed a bill into law on Thursday that requires the state to generate a significant amount of its energy needs from renewable sources.

The amount of power generated by wind turbines in the state stands now at 895 megawatts. An additional 5,000 megawatts of energy from renewable sources will need to be added to Minnesota’s electricity resources, which is roughly eight times more than the amount that currently comes from renewables.

The bill signed by the Governor requires energy companies to provide 25 percent of power from renewable sources by 2025.

Xcel Energy, which supplies approximately half of the electricity in the state, is required to provide 30 percent from renewable sources by 2020.

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Czech PM calls Obama’s rescue plan a ‘road to hell’

Wednesday, March 25, 2009

Mirek Topolanek, the Prime Minister of the Czech Republic and the head of the European Union, called United States President Barack Obama’s plan to spend almost US$2 trillion to revive the country’s faltering economy a “road to hell”.

“The US treasury secretary talks about permanent action and we at our [EU summit] were quite alarmed by that. He talks about an extensive US stimulus campaign. All of these steps are the road to hell,” ((translated from Czech))Czech language: ? he said, warning that the US’s massive bailouts could risk destabilising financial markets worldwide. He urged other EU governments to avoid making similar plans.

The remarks were made during Topolanek’s report to Members of the European Parliament in Strasbourg, France on Wednesday.

The comments are in sharp contrast to UK Prime Minister Gordon Brown‘s speech to the European Parliament on Tuesday, in which he spoke of a “new era” of cooperation in the ongoing global recession between the United States and Europe.

“Never in recent years have we had an American leadership so keen at all levels to cooperate with Europe on financial stability, climate change, security and development,” Brown said Tuesday.

Mirek Topolanek has become a lame duck prime minister after he was ousted in a vote of no confidence in his government in Prague late Tuesday.

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