Dead fish in North Caicos pond nature at work says Minister

first_img TCI: Man safe now, says he was trapped after lightning hit truck and it burst into flames Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp T&T companies tap into Cuban market at Expo Caribe 2019 Related Items:#NorthCaicos, #RalphHiggs, magneticmedia Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, August 28, 2017 – North Caicos – Dead fish found in the pond in Kew, #NorthCaicos over the weekend were a shocking site for many who got the video and images which were circulated on social media but residents of North Caicos say it is not unusual at all when the pond dries up.#MagneticMedia spoke to Minister with responsibility for coastal resources, #RalphHiggs on Sunday night who confirmed that fish left behind once there is a drought, happens regularly in the ponds of both North and Middle Caicos.    Minister Higgs said there is no cause for the concern and that the fish were not poisoned and are actually safe to eat.The Minister and Member of Parliament, who also hails from North said the sustained drought leaves some fish stranded on the rocks and once the rain comes, the ponds fill back up, adding that it is a natural phenomenon.    Still, Minister Higgs said a team from DECR has been asked to check it out. #Metoo-movement-type complaint, now investigation of high-ranking TCI Police Officer openedlast_img read more

I know its a hard time for Julen Lopetegui – Ernesto

first_imgBarca boss Ernesto Valverde claims he knows Real Madrid 5-1 defeat by Barcelona on Sunday will be hard on the coach Julen Lopetegui.He also goes ahead to sympathises with him stating that it could be the same for him tomorrow.“Madrid showed they were a great team at the start of the second half,” the Blaugrana Coach said after the Clasico via Football Espana.“They pegged us back, came out stronger and created chances, but we were able to run in behind them and when we scored the third, things improved.“It’s one of those results that hurt your opponents. I remember when we played them in the Supercopa. We suffered a lot and now it’s their turn.“Clasicos always have an emotional factor. It was important to win so we’d reinforce ourselves.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.“Coaches are like that, we want to win, but now we also have to keep ourselves grounded because we have Cultural [Leonesa] and Rayo. We don’t stop here.“We loosened up a bit but came back. They took risks and we made them pay for it. I know what it’s like to be in a difficult position when the results don’t come and it seems like everything’s going badly for you.“In times like those, the Coach is the centre of attention. It’s something inherent to football.“I know it’s a hard time for him, but tomorrow or three weeks from now it could happen to me.“It’s a difficult burden to carry. Football is what it is, whimsical, and Coaches are permanently exposed. I have a good relationship with him.“I don’t get involved in those issues, it’s not my job. Any Coach being sacked is unfair.”last_img read more

Zanetti plotting for Icardi longterm stay

first_imgInter Vice-President Javier Zanetti would like to see Mauro Icardi extend his stay at the club for many years and become a legend.Icardi has been a subject of transfer speculation for major big sides in Europe considering his clinical nature in front of goal.The striker played his 200th game for the Nerazzurri against PSV on Tuesday night, scoring in a 1-1 draw which saw his side eliminated from the Champions League.“His contribution is always very important,” Zanetti acknowledged, speaking to Football Italia via Xinhua on a visit to China.Mauro Icardi, Inter MilanDi Canio: ‘Undisciplined’ Icardi & PSG perfect for each other Andrew Smyth – September 12, 2019 Paolo Di Canio reckons Mauro Icardi and Paris Saint-Germain are a match made in heaven as the club are a perfect fit for “undisciplined players”.“I hope he can stay for many years and become a legend in the club’s history.”Zanetti also reflected on Tuesday’s match, which sees the Beneamata drop to the Europa League.“Last season’s objective was to qualify for the Champions League, unfortunately, our journey ended with the PSV match.“That doesn’t mean we don’t have any more objectives. Serie A, the Europa League, and the Coppa Italia are three very important competitions for us, and we need to keep putting in good performances.”last_img read more

Salas underwater search continues

first_imgThe search for the missing plane carrying Cardiff City footballer Emiliano Sala underwater is set to begin, according to reports.The GoFundme for the private air and sea rescue mission was secured after more than 4,000 made donations to help surpass the €300,000 (£259,000) target.Now a survey vessel has been hired to carry out an underwater search this weekend.Surrounded by the family of the Argentine striker, David Mearns, of Bluewater Recoveries, told reporters via Sky Sports.“We have sourced and hired a survey vessel equipped with state of the art search equipment, which will be used to conduct an underwater search for the wreckage in the area of the last radar contact.“The survey vessel is currently being mobilised in Southampton, and subject to weather conditions will be re-positioned to Guernsey on Thursday or Friday this week.“Based on current weather predictions, we are hopeful that the underwater search will begin on the weekend, most probably on Sunday.”AAIB responds to Sala’s family request to recover the plane’s wreckage Manuel R. Medina – August 14, 2019 The Air Accidents Investigation Branch says they already explained their decision not to recover the plane’s wreckage to Sala’s family and the pilot’s.Family of missing Cardiff City footballer Emiliano Sala plan underwater search— BBC News (UK) (@BBCNews) January 28, 2019Mr Mearns, a shipwreck hunting expert who has been assisting the family, said they are optimistic.“The family still have some hope, they’re looking at this as a missing person, a missing plane, and until they are satisfied, that’s the mode that we’re in,” he said.“This is a family that have come from Argentina with this huge shock out of nowhere and (is) struggling with what had happened, with very, very few answers about an unexplained loss.”last_img read more

Child vaccinations decrease across California

first_img Updated: 11:49 AM 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – A measles outbreak spread through parts of Oregon and Washington in January and health officials say most of these patients had not been vaccinated for the disease.Wilma Wooten, a Public Health Officer for County of San Diego, said “If someone is unvaccinated and they are exposed to someone that is infected, particularly with the measles, it’s very, very, very contagious, they have a risk of contracting the illness.”Wooten says there hasn’t been a measles case in San Diego since 2017 and more kindergartners are receiving their required vaccinations each year across the state.Wooten says the number of vaccinations went down because there were more medical exemptions last year, which means parents can get a pass if their children have had allergic reactions to vaccines or have other health conditions. She wants to remind doctors and providers to make sure that the children who may not have a true medical exemption get their vaccines. February 5, 2019 Posted: February 5, 2019 , Child vaccinations decrease across California Categories: California News, Health, Local San Diego News, National & International News FacebookTwitterlast_img read more

El Cajon Mayor Bill Wells reflects on Washington DC trip

first_img Posted: May 7, 2019 KUSI Newsroom, KUSI Newsroom May 7, 2019 El Cajon Mayor Bill Wells reflects on Washington D.C. tripcenter_img Updated: 10:53 AM 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – El Cajon Mayor Bill Wells recently visited Washington D.C. for National Day of Prayer.Wells stopped by Good Morning San Diego to discuss his trip. Categories: Good Morning San Diego, Local San Diego News FacebookTwitterlast_img read more

San Diego youth leaders launch brandnew summer advocacy series

first_imgSan Diego youth leaders launch brand-new summer advocacy series KUSI Newsroom, Categories: Good Morning San Diego, Local San Diego News FacebookTwitter 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Youth Will will host a youth-only presidential debate watch party to engage younger audience in politics.Dozens of young people will watch the first Democratic presidential debate of 2020 on big screen TV, take photos with presidential candidate face cut-outs and play debate bingo on June 26 and 27.Following the debate, youth will participate in a facilitated discussion on the issues and policies addressed by the candidates.The presidential debate watch party is the first event of the series to engage young people in meaningful dialogue around the issues that impact them the most.For more information click here. June 26, 2019 Posted: June 26, 2019 KUSI Newsroom last_img read more

Python 2 End of Life Announced as January 1st 2020

first_imgWe’ve got a large amount of FORTRAN code from the ’70s that works fine with the latest and greatest FORTRAN compilers (barring deprecation warnings which help guide refactoring efforts). Same with C/C++ from the ’80s. This once again brings into focus the “poor” handling of the transition from Python 2 to Python 3 from its very start.Other developers contrasted the Python approach to a sounder “don’t break the user space” approach, which gives languages and systems written using them a longer life, which is often desirable. We have decided that January 1, 2020, will be the day that we sunset Python 2. That means that we will not improve it anymore after that day, even if someone finds a security problem in it. You should upgrade to Python 3 as soon as you can. Contrast this with the PostgreSQL website, which tells me I’m browsing old docs (because Google still offers old links), see e.g. If you haven’t put in the priority to update your Py2 to Py3 apps by now, I really think your shop has the wrong priorities. It’s not just about Py2/3. Dependency rot is one of the worst forms of technical debt. It often shows broken CI, broken security scanning, lots of generally broken processes that will just keep hurting a team further and further down the line. Users and studios are held back because the Python runtime is used inside major applications; Nuke, Houdini, Maya, as well as libraries and APIs. None of them have released a version that runs Python 3 yet. […] Also, I’ve worked at a couple studios many people have probably heard of and none of them have unit tests covering much of their code. The focus is on tools that facilitate in-house artists where responsiveness to needs are valued over architecture and completeness.The entire science stack is “terrible C extensions”. This is also the kind of tight-budgeted stuff that needs relatively rare Python/C developers. Python 3 was released at the end of 2008, nine years after the inception of the language by its creator, Guido Van Rossum.From the very beginning, Python 3 was meant to break away from the past, as the only way to fix a number of flaws that affected Python 2 and bring the language evolution forward. Since Python 2 had accumulated multiple ways of accomplishing the same task, one of the guiding principles in the language redesign was making sure there was only one obvious way to do one single task.While paving the way for the future evolution of the language free of legacy constraints, breaking backward compatibility also significantly slowed down Python 3’s adoption. Among the reasons that led developers to not want to transition to Python 3 included: Python 3 sub-par performance vs. Python 2, at least for some years after the initial 3.0 release and until version 3.3 hit the road; initial lack of support for Python 3 among third-party tools and Python libraries (a case of catch-22); and its focus on features that developers did not deem relevant at the beginning.In spite of these issues, the language grew significantly over the years to include advanced constructs such as generators and coroutines, async/await, concurrent futures, itertools, and more. And while it is true that for some time there was a certain amount of confusion about how to deal with two source-incompatible versions of the language simultaneously, porting Python 2 code to Python 3 is now a much better understood problem, for which great tools exist such as caniusepython3, Futurize, Modernize, and pylint.All of this contributed to making many organizations postpone indefinitely the transition to a largely more modern and expressive language. Until now, that is, when the Python Foundation is warning them they will be soon on their own, and their only way to get support will be paying for extended support.The news raised mixed reactions. On the one hand, many developers highlighted how straightforward it was in their case to port their code to Python 3. Others remarked porting may be easy or feasible in the vast majority of cases, e.g., with Django or Flask-based projects, but there are still many scenarios where porting hits into some kind of stopper, such as an incompatible C extension or an irreplaceable dependency. This is often the case in the computer graphics/visual effects and scientific computing world. After spreading the news at conferences, on the Python announcement list, and on countless blog posts and books, the Python Software Foundation has finally taken the step to formally announce Python 2 will reach end of life (EOL) on January 1st, 2020.The message the Python Foundation is trying to make loud and clear is developers should transition to Python 3 as soon as possible without waiting any longer: Even more so, some argue getting ready to move to Python 3 did not require anything more than applying good engineering practices, such as keeping your unit tests in shape and making sure to keep dependencies up-to-date. Other developers complained that, in spite of all efforts to make the community at large aware of Python 2.7 EOL, Python 2 documentation still offers no hints of that to its viewers. As a final note, it is worth remarking that the Python Foundation announcement does not rule out the possibility of other organizations taking the burden to maintain Python 2.7 and keep it up-to-date. For example, RHEL 7 is based on Python 2.7 and guarantees security/maintenance support till June 2024. The same holds true for Google App Engine and other enterprise service providers. Python 2 to 3 (at least by 3.3 or so) was one of the easiest transitions I’ve ever done. There’s a library (“six”) to help, and in almost all cases you can write 2-and-3 compatible code, which means you can go piece-by-piece.last_img read more

Farm Groups Express Concerns Regarding Trade Distortions in New WTO Proposal

first_imgASA and a group of like-minded farm groups sent a letter this week to,  Ambassador Michael Froman of the Office of U.S. Trade Representative and Agriculture Secretary Tom Vilsack, to express concern regarding the negotiations currently underway in Geneva in preparation for the Ninth World Trade Organization (WTO) Ministerial Conference.“We support the WTO, and we understand the value of the rules-based global trading system,” wrote the groups. “However, we believe that a Bali agreement based on the so-called ‘food security’ proposal from the Group of 33 (G-33) would represent a significant step backwards for the WTO and would make it much more difficult to reach a comprehensive Doha Round agreement.”The group’s concern specifically addresses price supports in advanced developing countries that have the potential to distort trade.“Support prices in several of those countries are now significantly above U.S. target prices, and studies suggest that they are exceeding by a wide margin the limits on domestic support to which they agreed in the Uruguay Round negotiations. Indeed, we see the G-33 proposal as an acknowledgement by those countries of their vulnerability to challenge under current rules.  As we understand it, the G-33 proposal would significantly weaken subsidy disciplines by exempting from aggregate measure of support (AMS) calculations price support regimes that are tied to domestic food aid programs,” wrote the groups.A full copy of the letter can be downloaded here.[gview file=””]last_img read more

House Senate Strike Deal to Avert 3 Billion in Crop Insurance Cuts

first_imgThe House and the Senate have come to an agreement that would avoid more than $3 billion in cuts to the nation’s crop insurance program as part of the budget package. The agreement follows a tumultuous three-day fight over the bill’s inclusion of the proposal that would have accomplished the cuts by reducing the rate of return for crop insurance companies from 14 percent to 8.9 percent.The cut remains in the version of the budget passed by the house and currently before the Senate, but House and Senate Agriculture Committee leadership met with Congressional leaders and secured an agreement to eliminate the cuts as part of an omnibus spending bill later this year.The American Soybean Association remains in trust-but-verify mode on the issue. While we are happy to see an agreement to remove the cuts, the language still remains in the bill, and we will watch House and Senate leaders closely to ensure that the agreement is honored and the cuts eliminated.Compounding the pain of the proposed cut, agriculture is facing FY-2016 sequestration. While defense and most other domestic spending are exempted from this 6.8 percent cut in the bill, agriculture spending, including payments through the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs, are not.The cuts would have a distinct impact on farmers. Consolidation is already occurring in the crop insurance industry, and this will only speed up that consolidation, which will mean fewer choices and a less efficient private sector delivery system for producers.last_img read more

Excoach wins lawsuit against Clark College

first_imgTrev Kiser, a former women’s basketball coach at Clark College who had sued the school alleging wrongful termination, was awarded $545,000 Thursday by a jury in Thurston County.“It was a good verdict today,” Kiser said, before referring questions to his lawyer.Kiser coached at Clark from fall 1997 through March 2002. According to the lawsuit, “Clark College terminated Kiser because he took action promoting compliance with and expressing concern regarding non-compliance with Title IX.”Lawyer Jean Huffington of Seattle-based McKay Huffington & Tyler said: “The college said he had engaged in misconduct, as far as per diem reimbursements and expenses.“In my view, the jury concluded that Clark College made such a rush to judgment that Trev did something wrong that there must have been more to it.”Kiser initially filed suit in 2005, beginning an elongated process that led to Thursday’s verdict. According to Huffington, the suit initially was dismissed, then was reinstated by the Washington State Court of Appeals and was returned to the Superior Court for Thurston County.last_img read more

St Johns project worries businesses

first_imgOwners of businesses on St. Johns Boulevard are worried that their shops may not survive a yearlong closure of the Vancouver street while the state builds a new overpass at Highway 500. State engineers estimate it would add between $8 million and $10 million to the project’s $57.6 million price tag to keep the intersection open during construction. It would also create massive traffic jams at the St. Johns crossing and could cause rush-hour backups on Interstate 5, less than one mile away. But more than two dozen business owners who represent mini markets, shops, restaurants and hair salons along the corridor have asked the state to reconsider.“Business survival is what we’re talking about,” said Alan Teel, co-owner of Bill’s Chicken and Steak House off St. Johns and Fort Vancouver Way.Even the most loyal customers are likely to avoid detours around the construction project, heading instead to more accessible establishments, Teel predicted.The project, which will start in February at the soonest, is expected to take between two and three years to complete with a 10- to12-month closure of St. Johns. The work will eliminate the traffic signal at St. Johns and Highway 500 and create a full-diamond interchange at one of Clark County’s busiest intersections, the site of at least 50 traffic accidents a year.last_img read more

Electrical fire damages North Image home

first_imgAn electrical fire caused about $25,000 damage Sunday afternoon to the Laura De Bonneville residence at 12105 N.E. 49th St. in the North Image neighborhood.Vancouver firefighters reponded to a report of smoke in an attic at 3:25 p.m. Vancouver Fire Department Capt. Scott Willis said the problem seemed to start in wiring near roof trusses. He said 17 firefighters responded and that one lane of 49th Street was closed for a while.He said De Bonneville and about five other people escaped unharmed. He said he was told De Bonneville does not have fire insurance.Firefighters left the scene about 5 p.m.last_img read more

Japanese garden dedicated at Clark College

first_imgClark College alumni Michelle Sohm, 21, of Vancouver, attempts to keep her kimono dry while attending the Sakura Festival and dedication of the Royce Pollard Japanese Friendship Garden at Clark on Thursday April 19, 2012. In Japanese culture, the cherry blossom — or Sakura — is a symbol for the transience of beauty and for living life in the moment. It’s also a symbol for the beauty of spring.See video of dedication ceremony below.Alas, the dedication of a new Japanese garden in Vancouver that itself bears much symbolism, took place under skies that were neither beautiful nor springlike.A crowd of nearly 200 huddled under umbrellas and canopies for the opening ceremony of the Royce E. Pollard Japanese Friendship Garden on the campus of Clark College on Thursday. Rain poured onto the granite slabs and rock sculptures surrounded by cherry trees.The garden is a gift from Chihiro Kanagawa, the chief executive of Shin-Etsu Chemical Co., the parent company of SEH America. SEH does not disclose exact personnel numbers, but it is estimated that the company employs about 700 workers in Clark County.Kanagawa requested that the garden be named after Pollard, Vancouver’s former mayor, said Tim Leavitt, the city’s current mayor, during the ceremony. Pollard was reluctant to accept this, but Kanagawa insisted, Leavitt said.last_img read more

Sex offender update

first_img The Clark County Sheriff’s office says a high-risk sex offender who targets children recently moved to the 3900 block of Northwest Grant Street in west Vancouver.Michael James Burgess, 25, was recently released from Stafford Creek Corrections Center and told police he will live at the Grant Street address. He is not wanted by police. In 2003, he pleaded guilty to third-degree rape of a developmentally delayed girl, 15. In 2006 he pleaded guilty to voyeurism for sexually assaulting a girl, 10. In 2011, he pleaded guilty to attempted third-degree rape for sexually assaulting a girl, 17.He is listed as a Level 3 offender, the level most likely to commit new sex crimes. He will be tracked by the Washington State Department of Corrections, Vancouver police and the Clark County Sheriff’s Office. Michael James Burgesslast_img read more

Gregerson joins Superior Court

first_imgDavid Gregerson, a civil attorney with roots in Minnehaha, was sworn in Monday as the newest and youngest sitting judge in Clark County Superior Court and the first whose investiture was held outside the Clark County Courthouse.“This is really a dream come true for a guy from Minnehaha after all these years,” said Gregerson, 45.Two decades after becoming a lawyer, Gregerson was elected to the Superior Court. He successfully outpolled Judge John Wulle in an August primary, the first time a sitting Superior Court judge has been unseated in 37 years in Clark County.Presiding Superior Court Judge Barbara Johnson said she opted to hold this year’s investiture in the Board of Clark County Commissioners chambers in the county Public Service Center because of overcrowding at the past two ceremonies held in the courthouse.“My colleagues were not pleased,” Johnson said in a rare public display of humor. “This was a severe break from precedence. … You would have thought I asked them to wear blue robes or no robes at all.”More than 150 people attended Gregerson’s swearing-in Monday, spilling into a staging area outside of commissioner chambers.International flavorThe county’s judges and court commissioners and Judge Joel Penoyer from the Division 2 Washington Court of Appeals were in their black robes at commissioners’ raised seating area. Gregerson’s family, college buddies, former clients, fellow attorneys and other public officials were in the gallery.last_img read more

Firefighters raise more than 15000 for MDA

first_imgFirefighters from the Vancouver Fire Department and Clark County Fire District 6 raised more than $15,000 for the Muscular Dystrophy Association in the annual Fill the Boot.For a total of eight hours over Sept. 26-27, firefighters collected donations at the intersection of Northeast 78th Street and Highway 99.Vancouver Firefighter John Stewart, who coordinated the event, said the effort raised $15,901, besting the 2012 total by more than $500.“We were able to collect approximately $33 a minute on average for the MDA,” Stewart said. “This would not be possible without the firefighters from Local 452 and Local 1805 volunteering their time, and the generosity of the citizens of Clark County or anybody else passing through who put money in the boot.”The nationwide event originated in Boston in 1954, and local firefighters have been participating for more than three decades.last_img read more

Fire damages home in Vancouvers Harney Heights neighborhood

first_imgFire damaged a house Saturday in the Harney Heights neighborhood of Vancouver.The fire was reported at 8:17 p.m. at 4202 E. 15th St. A caller reported smoke in the house and heat coming through the closed door of a garage that had been converted to a room. Crews from the Vancouver Fire Department found smoke and heat coming from behind the door and ran a hose through the house to extinguish the fire. Damage was limited to the room where the fire started, though there was some smoke smell in the rest of the house.The cause of the fire remains under investigation.The house is owned by Andrea Hernandez.last_img read more

Cracked Columbia River dam to be fixed this year

first_imgYAKIMA — The cracked Wanapum Dam should be repaired and its reservoir on the Columbia River near Vantage refilled by the end of the year, the Grant County Public Utility District said.Workers for the utility have started drilling holes that will be used to anchor the dam in bedrock.“It’s almost like putting a screw down into a block of wood,” said spokesman Thomas Stredwick.The final repair plan is awaiting approval from the Federal Energy Regulatory Commission but drilling anchor holes in advance will save time, the Yakima Herald-Republic reported Wednesday.After the 65-foot-long spillway crack was discovered in late February, the utility lowered the reservoir 26 feet to reduce pressure. That left boat ramps and fish ladders high and dry. All shore access behind the dam was closed for public safety and to protect archaeological sites.The utility modified fish ladders, and more than 23,000 spring chinook have passed the dam successfully, Stredwick said. In May, the utility determined the crack was caused by a math error during the dam’s original construction in the early 1960s. More concrete and reinforced steel should have been initially used in all 13 of the spillway’s supporting blocks.Workers are drilling three holes through each concrete block for steel cables that will be secured into the bedrock, then tightened to close the crack.last_img read more

Silver Heritage halts preparation of financial statements on a going concern basis

first_img Buyer search no longer exclusive as main Silver Heritage candidate misses second deposit deadline RelatedPosts Nepal casino operator Silver Heritage Group appears to be edging ever closer to selling its remaining assets after revealing it will no longer prepare its financial statements on a going concern basis.In an ASX announcement issued early Tuesday, Silver Heritage noted that Australian Accounting Standards require financial statements to be prepared on a going concern basis only where there is neither the intention nor the need to materially curtail the scale of the entity’s operation. With the company currently in discussions over the potential sale of its Nepal assets, that criteria no longer applies with financial statements to now be prepared on a realization basis of accounting, “reflecting an orderly disposal of the company’s Nepal operations.”Silver Heritage revealed in late July that it had received a conditional, binding offer to acquire its Nepal assets, comprising Tiger Palace Resort Bhairahawa and the Millionaire’s Club and Casino in Kathmandu, for US$33.9 million.The offer is pending the potential buyer, Mr Indra Bahadur Thapa, depositing US$3 million into an escrow account by 10 September.While Silver Heritage didn’t provide any update on such payment, it did note that the sale, if approved, “would represent a material curtailment of the entity’s operations.”However, it added that the company was also continuing to pursue alternate options for obtaining additional funding in order to avoid the need to sell. Silver Heritage says Tiger Palace sale on hold after potential buyer misses deposit deadline Silver Heritage defends land encroachment allegations Load Morelast_img read more