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Bill & Melinda Gates Foundation – No. 1

first_img Tags: World Charity Index 2014 Thursday 18 December 2014 1:38 am Bill & Melinda Gates Foundation – No. 1 USA – £2.169bnIn a game of word association, most people on hearing the name Bill Gates would immediately say Microsoft. Yet with the Bill and Melinda Gates Foundation having already given away a staggering £20bn since its 2000 foundation, it’s a safe bet that in a couple of decades time, the charity will be more famous than the tech giant he co-founded. It’s already the biggest private foundation in the world, and arguably the most powerful. Since billionaire investor Warren Buffett pledged in 2006 to give the foundation most of his fortune, its firepower has almost doubled.  Gates, who has pledged to give away 95 per cent of his wealth, has taken on the charitable sector with the same kind of zeal with which he devised the Microsoft mission to get a PC in every home and business. CATALYTIC PHILANTHROPYThe foundation, which focuses on poverty and disease globally, and on education in the US, has gone for what Gates calls “catalytic philanthropy” – basically investing for big returns. It’s taken on big missions: eradicating polio and malaria and has thrown its money into areas which have so far been underfunded. When the foundation made its first big grant for malaria research – it nearly doubled the amount of money spent on the disease worldwide. Not because its grant was so big, but because up until then there had been little investment in malaria research. But the foundation does more than just hand over money, it actively tries to direct the strategy on the issues it targets, partnering with governments agencies, non-governmental organisations (NGOs) and other charities to maximise its effectiveness. MAKING BETSIt also funds research, such as into new drugs and vaccines, providing seed funding for various ideas. “We think an essential role of philanthropy is to make bets on promising solutions that governments and businesses can’t afford to make. As we learn which bets pay off, we have to adjust our strategies and share the results so everyone can benefit,” Gates says. And by all accounts the self-declared nerd who dropped out of Harvard and ending up changing the world with his MS-DOS operating system for personal computers, has applied a similar hands on approach to philanthropy. EBOLA“He’s a very impressive man. He can talk in detail about health issues and his approach to philanthropy is strategically really sound,” says Angela Kail, head of the funders team at charity consultancy NPC. She points out that the foundation’s £31m pledge in September to help step up efforts to tackle the deadly Ebola virus in the affected countries was typical. “The money was split between the on the ground treatment and research, so short and long term. They responded really quickly, but still kept their strategic outlook,” she adds. AFRICAThe charity’s roots stem back to 1993 when Bill Gates and his wife Melinda went to Africa to see wild animals but ended up getting their first look at extreme poverty. Gates joined the foundation full time in 2006, and says because he and Melinda, both co-chairs, have built it together, it echoes the partnership he had with his Microsoft cofounder Paul Allen. Melinda says while her husband takes a data-led approach, hers is more practical – working out, for example, how to persuade people to be vaccinated. “I think what I’ve taught him is to take that data and meet with people on the ground to understand, can you actually deliver that vaccine? Because the delivery piece is every bit as important as the science,” she says. For the full World Charity Index 2014 list take a look at our interactive graphic  whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekTele Health DaveRemember Pierce Brosnan’s Wife? 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WATCH LIVE: Governor DeSantis holds press conference in Lehigh Acres

first_imgAdvertisement RELATEDTOPICS Beach front businesses deal with impacts of Fort Myers Beach ‘street preachers’ June 16, 2021 Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisement Cape Coral break in foiled by barking dog June 17, 2021center_img Blades losing local products Roe, Solow in offseason June 16, 2021 Cape Coral man tries to figure out meaning of his 25-year-old tattoos June 16, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments LEHIGH ACRES, Fla. – Governor DeSantis is expected to hold a press conference in Lehigh Acres Tuesday. The Florida governor is scheduled to begin speaking at 1:30 p.m.The event will be held at the CVS Pharmacy at 1350 Lee Blvd. WATCH LIVE: Advertisementlast_img read more

Visitor Arrivals Increased in January

first_imgRelatedVisitor Arrivals Increased in January Visitor Arrivals Increased in January UncategorizedFebruary 22, 2007 RelatedVisitor Arrivals Increased in January RelatedVisitor Arrivals Increased in Januarycenter_img FacebookTwitterWhatsAppEmail The final figures for January indicate that total visitor arrivals by cruise ship and airline combined is up by 3.2 per cent over the similar period last year.”The preliminary figures showed that we would have seen a decline, but when our Research and Market Intelligence Unit at the Jamaica Tourist Board (JTB) cross-checked, we realized that we are up,” Minister of Tourism, Entertainment and Culture, Aloun Assamba has reported.She made this disclosure at the launch of ‘Irish-fest’ by the Sunset Grande Resort and Spa, at the Courtleigh Hotel in New Kingston on February 20.“What may have been misunderstood is the fact that stopover arrivals went down by less than one per cent and remember that we count both stop over as well as cruise arrivals,” Minister Assamba informed.Elaborating, she acknowledged that there was a marginal decline of 0.7 per cent in stop over arrivals when compared to last year January, adding that the island welcomed exactly 130,695 visitors in that period, but had 124,756 visitors this year January.However, she argued that while these figures reflected a decline, when added to stop over figures with arrivals via cruise ship, which had increased significantly, it reflected an overall increase in the numbers for January.“When we make generalizations that the figures are trending down, we have to bear in mind that 2006 was an exceptional year for several reasons, some of which have changed,” she pointed out.Among them are a revitalized Cancun, a popular resort area in Mexico, which was ravaged by a hurricane in 2005; and the implementation of the US passport initiative, which requires visitors to hold passports when travelling to the Caribbean.In addition, winter came later than usual. “We are used to having winter earlier. Depending on how cold it is, people make their decision on when to travel, so we did not really start to ramp up with visitors coming in until later, because it was so warm, they did not have to leave the cold,” Minister Assamba explained.“These are all factors that pose challenges for the industry in the early part of this year, but I have no doubt, at all, with all the efforts that we have been making with our partners and hoteliers in Jamaica, [that the sector will pull through],” the Minister said. Advertisementslast_img read more

Book on Sam Sharpe Launched in London

first_imgRelatedBook on Sam Sharpe Launched in London RelatedBook on Sam Sharpe Launched in London RelatedBook on Sam Sharpe Launched in London FacebookTwitterWhatsAppEmail A novel on the life of National Hero Samuel Sharpe, written by Jamaican Fred Kennedy, was launched in London recently.The launch, held at the Jamaican High Commission, was part of the month-long Caribbean Book Explosion in the United Kingdom (UK) organised by Kingston-based Ian Randle Publishers.The Jamaican-born educator told JIS News that his book titled: ‘Daddy Sharpe – A Narrative of the Life and Adventures of Samuel Sharpe, A West Indian Slave, Written by Himself, 1832’ was more than 10 years in the planning.“The book started off as an historical chronicle and then it really became too dry, so I felt that I had to somehow, in order to tell the story, breathe life into the characters, and one of the best ways I found, was to adopt the voice of Samuel Sharpe, which was a hard thing to do,” he pointed out.‘Daddy Sharpe’ is a riveting account of the National Hero’s life, and is based on his diaries while he was in prison, awaiting a sentence of certain execution. The story tells of Sharpe’s life from his boyhood days at Cooper’s Hill in St. James, ending with his surrender to the authorities after the Christmas 1831 rebellion.Kennedy described Sam Sharpe as a great and intelligent man, whose death was a sacrifice for freedom. “The last chapter (of the book) is a description of him walking to the gallows and a lot of the descriptions there are eyewitness accounts from people, who witnessed the execution,” he told JIS News.“It’s a moving account of how bravely he faced the execution and the words he said before they put the noose around his neck. He was a great man. He was very intelligent and those who knew him, said that he was one of the most intelligent persons they had ever met,” he added.Also speaking at the launch was noted Caribbean author Michael Anthony, who commended Kennedy for recognising the contributions of Sam Sharpe. He also praised Kennedy’s style of using historical facts to create a very informative and enjoyable book.Sam Sharpe is best known for his leadership role in the 1831 Christmas Rebellion on the Kensington Estate in western Jamaica. Historians agree that this rebellion was largely responsible for the passing of the Act to abolish slavery less than a year later in 1832.Sharpe was tried and hanged for his role as organiser of the rebellion. “I would rather die in yonder gallows than live for a minute more in slavery,” Sharpe famously declared before he was hanged.center_img Book on Sam Sharpe Launched in London Foreign AffairsMarch 13, 2009 Advertisementslast_img read more

CU-Boulder Office Of Judicial Affairs Processing Cases Of 9 Students In Case; Chancellor Outlines Mandates To Athletics

first_imgThe Office of Judicial Affairs at the University of Colorado at Boulder has charged nine CU-Boulder students who were involved in a party attended by football recruits and players last Dec. 7 with violations of the Student Code of Conduct. The nine students include both women and men and athletes and non-athletes, according to Matthew Lopez Philips, acting director of the Office of Judicial Affairs. The nine cases are being processed. The Judicial Affairs office enforces the university’s Student Code of Conduct, which is separate from the criminal justice system. However, the university uses information from the criminal investigation as well as court proceedings in the process of adjudicating Student Code of Conduct violations. In early June, Chancellor Richard L. Byyny directed Athletic Director Richard Tharp to make improvements in the athletic department’s recruitment procedures and general operations to enhance the department’s efforts to promote sportsmanship and foster good character. Those goals are outlined in the Arizona Sports Accord, which the university signed in 2000. Byyny said he is determined to put measures in place that will prevent incidents such as the Dec. 7 party from occurring in the future. “I have made it clear that it is essential these improvements be implemented quickly and that the athletic department communicate to its staff and student athletes that these improvements get the highest priority,” Byyny said. He has directed that the improvements be in place by fall 2002. Byyny underscored the Arizona Accord’s statement that it is the duty of sports leadership — including coaches and athletic administrations — to promote sportsmanship and foster good character by teaching, enforcing, advocating and modeling six core principles: trustworthiness, respect, responsibility, fairness, caring and good citizenship. Specifically, he called for the following: * A standard of excellence requiring student athletes to conduct themselves, off and on the field, as positive role models who exemplify good character. * Enforcement of goals and standards of accountability for character-building within the department. * Changes in recruiting practices that include notification of recruits and their parents about standards of conduct; establishing strict curfews; increasing adult supervision; training upperclassmen students to serve as hosts; and preparing well-structured itineraries for campus visits. * Establishing close communication between Athletics, Housing and Judicial Affairs so that information about any student athlete who violates the Student Code of Conduct or Housing rules is known to all three units. * Development of a life skills program for student athletes to address leadership, personal integrity, career development, intellectual growth and other developmental issues. * Coordination between Athletics and Student Affairs to address drug and alcohol awareness issues. For more information about the Judicial Affairs process and the Student Code of Conduct, go to the Web site at: http://www.Colorado.EDU/studentaffairs/judicialaffairs/code.html#standards. Information about the Arizona Summit Sports Accord is at: http://www.charactercounts.org/sports/accord.htm. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: June 17, 2002 last_img read more

Annual DEPA reporting period begins today

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Categories:Deadlines & AnnouncementsSafetyCampus Community Published: Jan. 15, 2016 center_img As the new year begins, university personnel are reminded to complete a Disclosure of External Professional Activities (DEPA) in order to meet conflicts of interest disclosure requirements. A 2016 DEPA is required of all faculty and other designated groups. In general, those other groups include all research personnel, staff who support department compliance reporting processes, and students engaged in research (i.e. all personnel responsible for the design, conduct, or reporting of research). Each year we receive a number of emails from non-faculty employees and from students, asking if they need to report. PLEASE, check the categories below for that information.Failure to report can result in:a delay in the establishment, renewal and continuation of speedtypesdelayed processing of grant/contract proposals and awardsdelays in procurement transactionsdelayed approval from compliance review committees such as IRB, IACUC, etc.In addition, following the required processes helps to safeguard you, your department, and the University, as a whole, in the event of an outside audit.Critical Dates Regarding Grant & Contract Proposal Submissions and AwardsProposals: Through March 31, 2016, having a current DEPA (within a year of the date of the proposal submission) on file will meet the DEPA requirement for proposal submission. However, after March 31st, all proposal submissions will require a 2016 reviewed DEPA to be on file.Award Monies: Effective January 1, award monies will not be released until a 2016 DEPA has been submitted and preliminarily reviewed.The CU-Boulder COI website has additional details and helpful links. http://www.colorado.edu/vcr/coi It is also important to remember the following:Self-authored instructional materials that are required or recommended for the author’s course must receive departmental approval in order to be in compliance with the Conflicts of Interest Policy. Please use the form located at: http://www.colorado.edu/vcr/coi/forms-checklistsRegular and periodic consulting activities (per the 1/6th rule) require departmental approval: http://www.colorado.edu/vcr/coi/forms-checklistsResearchers with current MOUs requiring annual monitoring need to report early so that monitoring reports can be solicited and reviewed. Proposal submission/award monies will be delayed if a monitoring report is not current. Please follow the new email instructions you receive once you submit your DEPA, as the monitoring process has changed.PHS/NIH Investigators have additional (federal) requirements:Travel Reporting. All PHS/NIH research personnel must report specific kinds of sponsored/reimbursed travel throughout the year. For more information: http://www.colorado.edu/vcr/coi/public-health-services-agencies-nih-requirements/travelEducational Training. All PHS/NIH research personnel must complete COI educational training once every four years in order be compliant. If you are involved in PHS/NIH research, your DEPA will not progress forward for review until your training is recorded in the system. If you have already completed the training, your information will pop up as you answer the questions. If you have not completed the training, the DEPA system will divert you to the quick COI NIH tutorial, specifically developed for the Boulder campus, and which does not require testing. Once you certify completion, the system will direct you back to the DEPA reporting form. For more information see: http://www.colorado.edu/vcr/coi/public-health-services-agencies-nih-requirementsSpecific groups affected by the general DEPA reporting requirement include:All Tenure track faculty (all levels); Adjunct, Visiting, and Research faculty (all levels) and select Retired facultyAll PRAs/RAs (all levels), Instructors (all levels), Librarians, Museum AssociatesGraduate students/Fellows- IF they are responsible for the design, conduct or reporting of researchUndergraduate students, volunteers and consultants -ONLY IF they are responsible for the design, conduct or reporting of researchThe following groups typically DO NOT need to report: TAs, Lecturers, Professional Exempts and Adjoint facultyReporting LogisticsWe recommend using the latest versions of the following browsers: Explorer, Firefox, Chrome and Safari.Log in to MyCUInfo at http://mycuinfo.colorado.edu/.Scroll down to the Faculty Reporting & DEPA tile and click “Details”.Click on: Login to DEPA.In order to better prepare for the questions asked on the reporting form you may want to view the Sample Form available via the FAQs, on the left hand side, once you have accessed the DEPA reporting pageFor Assistance:IT Help: If you have technical difficulties logging into MyCUInfo, accessing the Faculty Reporting & DEPA tile, or accessing the link to the DEPA form, please email: [email protected] or call: 303-735-4357 (5-HELP)Note, you must be established in the CU personnel system with a UUID in order to access the DEPA reporting site. (UUIDs are automatically assigned when employees, students, and POIs are set up in their respective personnel systems. You do not need to know or keep track of this number- it is not the same as an employee, student or POI ID number.)Content Help: If you have questions about the DEPA form, please see the Sample DEPA Form. Alternatively, email the Compliance Director, Conflicts of Interest and Commitment in the Office of the Vice Chancellor for Research: [email protected] or, simply, [email protected] The contact number is 303-492-3024.last_img read more

Catch horror-comedy ‘Freaky’ before it hits theaters

first_img Program Council is excited to announce an advance screening of Freaky, an upcoming horror-comedy by Christopher Landon that hits theaters on Nov. 13. The advance screenings will take place on Friday, Oct. 30, and Saturday, Oct. 31, in Chem 140. The event will begin at 8 p.m. Admission is free and open to CU Boulder students only. Attendees are encouraged to register here and must bring a valid Buff OneCard for entry to the event.Masks are required to enter, and all staff and guests will be required to follow a strict safety protocol in order to create the safest viewing environment possible. All open seats will be, at minimum, a 6-foot distance apart from one another.Freaky (2020)Freaky follows Millie Kessler (Kathryn Newton, Blockers, HBO’s Big Little Lies), a senior at Blissfield High who has an unfortunate run-in with her town’s infamous serial killer, The Butcher (Vince Vaughn). When The Butcher attempts to kill Millie with his magical dagger, an ancient curse is cast and they end up switching bodies. With only 24 hours to switch back before she’s stuck in The Butcher’s body forever, Millie must devise a plan with the help of her friends Nyla (Celeste O’Connor, Ghostbusters: Afterlife) and Joshua (Misha Osherovich, The Goldfinch) in order to make things right. This proves to be a challenge as the local police are on a manhunt for The Butcher. To make things even more complicated, the real Butcher is on the hunt for victims at Blissridge High’s Homecoming. In a twisted and bloody take on the classic “body swap” film, Cristopher Landon brings a new razor-sharp edge to horror-comedy and tells a story that will have you laughing through the Halloween season.Christopher Landon is known for writing and directing Happy Death Day and The Paranormal Activity franchise. Freaky is produced by Jason Blum (Halloween, The Invisible Man).Rated: R | Watch the trailer Published: Oct. 26, 2020 • By Program Council Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail If you goWho: StudentsWhat: Advance screening of FreakyWhen: Oct. 30 and 31, 8 p.m.Where: Chem 140 Categories:GeneralEvents & Exhibitslast_img read more

Auction Napa Valley 2017 Tickets Now on Sale

first_imgShare Twitter TAGSAuction Napa ValleyConsumerfeaturedNapa Valley Vintners Email Facebook ReddIt AdvertisementEleanor, Francis, Sofia, Roman and Gia Coppola will serve as honorary chairs of the world’s most celebrated charity wine event2/1/2017 – St. Helena, CA–Tickets are now available for the 37th annual Auction Napa Valley, the American Wine Classic. Hosted by the Napa Valley Vintners (NVV) nonprofit trade association to raise funds for Napa Valley community health and children’s education nonprofits, this year’s Auction Napa Valley takes place June 1 to 4. Details, including ticket package options, can be found at the newly redesigned auctionnapavalley.org website.“Our family has deep roots in Napa Valley and we are honored to be part of creating a memorable experience for this year’s Auction Napa Valley guests,” said Roman Coppola, noted filmmaker, screenwriter and producer. “We are inspired by how many lives are touched each year by Auction Napa Valley proceeds and look forward to collaborating with the Napa Valley vintner community to help ensure a healthy future for our neighbors.”Coppola family members will be directing the Auction events that come together to form four days of the best of Napa Valley’s wine, food, scenic beauty and hospitality:Thursday evening: Vintner Welcome Parties showcasing Napa Valley’s relaxed, down-to-earth side.Friday: The Napa Valley Barrel Auction to be held in the caves at the Coppola’s historic Inglenook estate, where guests have the unique experience of tasting and bidding on 100 different wines directly from the barrel. New this year will be pavilions created outdoors on the estate grounds featuring wines made from Napa Valley’s top grape varieties paired with complementary food from some of the Coppola’s favorite Napa Valley restaurants.Friday evening: Vintner-Hosted Dinners in intimate settings with noted Napa Valley winery owners opening their homes and private cellars for elegant dinners crafted by some of the country’s most regarded chefs.Saturday morning: Vintner-Hosted Al Fresco Activities such as cooking with Francis Coppola and bicycling and vineyard hikes with noted vintners as restorative ways to start the day.Saturday afternoon and evening: The crescendo of the weekend, the Live Auction Celebration at Meadowood Napa Valley. This is the big show under the big tent where bidders vie for Napa Valley’s finest wines, far-flung adventures and treasures of the rarest kind. Once the last gavel falls, guests will enjoy an Italian-inspired dinner designed by Francis Coppola and friends. At the after-party, guests will dance the night away to a soon-to-be announced musical headliner.Sunday morning: Bringing the weekend to a close, a Farwell Brunch at Charles Krug.Auction Napa Valley tickets are limited and typically sell out. Four package options are available at auctionnapavalley.org:The VIP Auction Napa Valley ExperienceThe Complete Auction Napa Valley ExperienceSaturday’s Live Auction CelebrationA Taste of Auction Napa ValleyTo date, the NVV has invested $170 million in children’s education and community health in Napa County. In 2015 alone, proceeds from Auction Napa Valley contributed to the wellbeing of more than 100,000 clients of Napa County nonprofits receiving funding, including OLE Health serving as the primary care provider for one in six residents, every child in Napa County having access to health insurance and more children entering kindergarten ready to learn.About Auction Napa Valley Since 1981, Auction Napa Valley, the Napa Valley Vintners’ (NVV) annual community fundraiser, has utilized the worldwide reputation of Napa Valley wines and the scenic beauty of the region to enhance the health and wellbeing of the Napa County community. To date, the NVV has invested $170 million from Auction Napa Valley proceeds in local nonprofit organizations. Learn more at auctionnapavalley.org.About the Napa Valley Vintners The Napa Valley Vintners nonprofit trade association has been cultivating excellence since 1944 by inspiring its more than 525 members to consistently produce wines of the highest quality, to provide environmental leadership and to care for the extraordinary place they call home. Learn more at napavintners.com.Advertisement Linkedin Previous articleSonoma County Vintners Announces Exciting, New Details for 2017 Sonoma Wine Country WeekendNext articleCanadian Wine Industry Launches Dedicated Website Press Release Home Industry News Releases Auction Napa Valley 2017 Tickets Now on SaleIndustry News ReleasesWine BusinessAuction Napa Valley 2017 Tickets Now on SaleBy Press Release – February 2, 2017 75 0 Pinterestlast_img read more

Telenor squeezed by handset subsidies, Myanmar launch

first_img Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight…More Read more Myanmar operators reveal spyware move Author Tags Ken Wieland Telenor books loss on $780M Myanmar write-off HomeAsiaNews Telenor squeezed by handset subsidies, Myanmar launch Previous ArticleHKT’s profit, revenue surge after CSL acquisitionNext ArticleAsia Briefs: India’s DoT to suggest converged regulator, Huawei opens $170M R&D centre in Bangalore & more center_img Asia Telenor Group attributed a Q4 fall in EBITDA margin to its launch in Myanmar and the sale of subsidised handsets in various markets, particularly Thailand, as organic revenue grew 5.3 per cent – year-on-year – to NOK29.1 billion ($3.8 billion).Adjusted EBITDA during Q4 was NOK9.1 billion, up 4 per cent from Q4 2013, but margin on that figure dipped from 33 per cent to 31 per cent over the same period.The margin drop was more spectacular compared with Q3 2014, during which Telenor Group could boast an adjusted EBITDA margin of 38 per cent.Dtac, Telenor’s operation in Thailand, contributed to the margin squeeze. While Q4 revenue was up 12 per cent year-on-year, to NOK5.26 billion, growth was fuelled by sales of subsidised handsets to combat what Telenor CEO Jon Fredrik Baksaas (pictured) described as “intense competition”. Adjusted EBITDA margin dropped from 32 per cent to 27 percent over the same period (and down from 37 per cent during Q3 2014).The handset strategy, however, has worked in terms of connections growth. During the three months ended December 2014, Dtac saw net customer additions of 228,000 – a welcome reverse from a troubling six-month period previously which saw the operator suffer a net loss of 446,000 connections.“Dtac has taken corrective measures to strengthen its market position and return to growth,” said Baksaas. “We are seeing early signs of improvement following the introduction of a cluster-based operating model, attractive market offerings and a network improvement programme. By expanding its 3G and 4G network, dtac aims to deliver the best internet network in Bangkok and 30 major cities this year.”Home and a new market abroadIn Norway, Telenor’s domestic market, Q4 revenue was up 4 per cent, to NOK6.7 billion. Growth was helped by an 11 per cent increase in mobile subscription and traffic revenues. There was also a 105 per cent growth in median mobile data usage. Adjusted EBITDA margin was also up from 39 per cent (Q4 2013) to 41 per cent (although the margin was much better in Q3 2014, at 46 per cent).Baksaas was upbeat about home market performance. “In Norway, the rising number of 4G enabled handsets together with our investments in network expansion resulted in strong mobile service revenue growth of 10 per cent,” he said. “For the first time ever there are more 4G phones in Telenor’s Norwegian network than 3G phones and our customers more than doubled their data use in the past year,” said Baksaas.Revenue remained fairly flat in Sweden, at NOK3.11 billion, while adjusted EBITDA margin fell from 28 per cent (Q4 2013) to 25 per cent.In Myanmar, where Telenor launched 2G and 3G services in late-September 2014, the operator racked up 3.4 million connections by year-end (40 per cent of which are daily active data users). Revenue in Myanmar amounted to NOK187 million during the three-month period.Group net income for Q4 was NOK1.8 billion versus a net loss of just over NOK2 billion the same quarter the previous year. The improvement was primarily due to better performance from “associated companies”, including VimpelCom.“Our performance in 2014 confirms Telenor Group’s position as one of Europe’s fastest growing telcos, with organic revenue growth of 5 per cent during the final quarter and 3 per cent for the full year,” maintained the Telenor CEO. “We reported revenues and earnings in line with our guidance for the year. During 2014, we added 20 million new mobile subscribers, of which 7 million in the fourth quarter alone.”In 2015, Telenor expects revenue to grow by “mid-single digits” and its EBITDA margin to be in the 33 percent to 35 percent range (after 35.4 percent in 2014). It predicted that capital expenditure as a ratio of revenue would be in line with the previous year’s level. AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 11 FEB 2015 Related Myanmar operators restore internet service FinancialMyanmarTelenorlast_img read more

Women’s Open unveils new star Park

first_imgBEDMINSTER, N.J. – This U.S. Women’s Open looked as if it were going to be pulled apart at the seams at week’s start. With players caught in the middle of a tug of war between social activists enraged that the championship was being played on a course owned by President Donald Trump and with the USGA committed to defending its turf, the championship practically groaned amid the strain before the first shots were struck. This U.S. Women’s Open was so divisively configured, but that’s what made Sunday’s ending so surprisingly unifying. So jarringly harmonious. With South Korea’s Sung Hyun Park being whisked through a passageway to scoring after virtually sealing her victory, she looked up to see the last extraordinary scene in this surreal week. Park looked above to see President Trump leap out of his seat in his private box to race to the window above her. She looked up to see the President of the United States in his bright red “Make America Great Again” cap enthusiastically applaud her and wave to her with a wide, approving smile. The president may love America, but he loves golf, too. And as infuriating as that may be to the activists lined up against, him, he loves women’s golf. So President Trump stood like everyone else, cheered like everyone else, and let Park know how much he admired the way this rising new international star dissected his prized course with her flawless finish. U.S. Women’s Open: Articles, photos and videos “Congratulations to Sung Hyun Park on winning the 2017 @USGA #USWomensOpen,” he later tweeted. Park beamed with the Harton S. Semple Trophy afterward. “I still cannot believe that it is actually happening,” Park said through a translator. “I almost feel like I’m floating on a cloud in the sky.” Park was grateful for the way the American galleries at Trump National embraced her. “I recognize the fans who flew in from Korea to cheer me at this tournament, and also the great Americans who live around here, they were so gracious and hospitable, providing me Korean food day after day so I could nourish myself and gain strength,” Park said through a translator. “I also like to thank my fans here in the United States.” Park, 23, is already a superstar in South Korea, where she dominated the Korean LPGA Tour before joining the American-based tour this year as a rookie. Now Park looks poised to challenge for the Rolex world No. 1 ranking with the top of the women’s game looking so wide open. With her breakthrough victory Sunday, making her first LPGA title a major championship, Park will crack back into the top 10 in the world rankings. She started the week at No. 11. Park has so many nicknames, all tributes to her star power. Back in South Korea, she is known as “Dak Gong,” which is roughly translated as “Shut up and attack!” Park did just that on Sunday, posting a bogey-free 5-under-par 67 to come from three shots back to win. At 11 under overall, Park finished two shots ahead of 17-year-old amateur Hye-Jin Choi (71), who shared the lead with Park until pushing her tee shot at the 16th into the water. Park knows Choi’s pain, but she knows sweet redemption, too. Needing a birdie at CordeValle to get into a playoff at the U.S. Women’s Open last year, Park pulled her approach into the water at the 72nd hole in a bid to reach the green in two. She ended up tying for third. Park said that memory came rushing back at the 18th Sunday, where Trump National’s closing green is hugged by water. “That was a good experience that I had last year, and I was able to garner the championship this year,” Park said. Park’s other nickname in South Korea is “Namdalla,” which means “I’m different.” American LPGA players could see that right off, but they have come up with their own nickname for her here. “Her nickname is Tiger Woods on this tour,” said David Jones, Park’s caddie. “That kind of says it all. I don’t need to say more than that.” Jones, notably, was the college roommate of Ricky Elliott, Brooks Koepka’s caddie. Koepka won the U.S. Open last month. If Park was going to become a Tiger-like figure of the LPGA, Jones knew she needed to put in some serious work on her short game. She did coming into this week, and, wow, did it pay off. Jones said Park didn’t win the U.S. Women’s Open with her 67 Sunday. He said she won it with her 73 on Thursday. “She was playing as bad as I have ever seen her,” Jones said. “She was nothing short of horrendous, but she turned a 77 into a 73.” Jones said she did it with all the work she put into her short game coming into the U.S. Women’s Open. Park is her own coach, and Jones said she fixed her own short game prepping for this championship. While Park is a power player, one of the longest hitters on tour, Jones said she won the U.S. Women’s Open with that fortified new short game. “Her chipping was out of this world,” Jones said. Park left Trump National showered with the cheers of golf fans here. She left with President Trump cheering her as heartily as anyone else.last_img read more