It’s 2018. You don’t go anywhere anymore without a super powerful computer in your pocket. There are tons of apps available for any smart device you may own, and one app that is a must-have is definitely your credit union’s mobile app. If you’re not savvy with a mobile banking app yet, here are three reasons you should be…It’s easily accessible: Everywhere you go, your smartphone is more than likely in your hand or in your pocket/purse. Your bank is 10 minutes away, and your laptop is in the other room with a dead battery. Does that sound right? Well, if you need a quick look at your accounts, look no further than your credit union’s mobile app. It’s pretty much always within arm’s reach and available to you whenever you need it.It’s simple to login: If you’re an iPhone user, logging into your mobile banking app couldn’t possibly be any easier. If your phone is a few years old, you can login with the touch of your finger. If you’ve got the latest Apple tech, thanks to Face ID, all you have to do is look at the screen. Android’s facial recognition software isn’t quite up to part with Apple’s, but it’s not too far behind.It’s a lot less work: I’m sure you can think of a few reasons why you’d need to travel inside your local branch, but mobile banking has definitely made one big reason obsolete. Depositing checks has never been easier than it is with mobile banking. Simply type in an amount, select which account you’d like it to go into, and then take a photo of both sides of the check. Boom. Done. It’s just that simple. 43SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details
NIACC women’s basketball coach Todd Ciochetto talked with Tim Fleming about the postponement of the NJCAA Division II women’s basketball tournament
A post-mortem examination conducted on the body of 74-year-old Michael Rajnauth, whose lifeless body was found in a city hotel room over a week ago, has revealed that he committed suicide.The autopsy was conducted by State Pathologist Dr Nehaul Singh on Wednesday morning, following which the cause of death was given as pesticide poisoning.Rajnauth, a food vendor of Lot 548 Parfaite Harmonie, West Bank Demerara (WBD), was found motionless in a room at the K&VC Hotel on South Road, Georgetown last Wednesday some time around 13:30h.According to reports, the man had checked into the room last week Tuesday, and paid to utilise it for 24 hours. However, when his time expired around noon the following day, the receptionist reportedly called the guest, but there was no answer.Other staff members sought to knock on the man’s door, but again, received no response. The Hotel Manager subsequently ordered staffers to enter the room.It was then that the elderly man was found clad in only a grey three-quarter pants, lying lifeless on the bed. A white substance suspected to be poison was observed around the bed and on the floor near the man.There were no signs of violence on the deceased’s body, Police had said.
Balance of Payments…wider deficit expected if mining sector underperforms – economistWith the overall Balance of Payments (BoP) recording a deficit of US$139.8 million in the first half of 2018, compared to a deficit of US$46.0 million recorded in June 2017, former People’s Progressive Party (PPP) Government Minister Irfaan Ali has said this trend is becoming even more worrying.Ali, the finance spokesperson for the Opposition in Parliament, told Guyana Times that in order to finance this humongous deficit, the Government usurped US$110 million from the Bank of Guyana’s (BoG) Foreign Assets Reserve, tanking the reserve to a 10-year low of US$473.4 million.The overall Balance of Payments, by end 2018, is projected to record a total deficit of US$182.1 million. He said it is also important to note; the initial projection of the BoP deficit was set at US$79.7 million for 2018. In other words, we haveOpposition MP and former Minister Irfaan Alisurpassed that amount by 130 per cent within the first half of 2018.Moreover, the former Minister, noted that the current account deficit is expected to weaken to a deficit of US$366.3 million by end 2018, down from an initial projection of US$292 million.“In other words, the revised outlook for our Balance of Payments is even more ominous than initially anticipated,” he explained. According to him, this means there would be a greater need for more foreign exchange by end 2018 to cover Guyana’s import bills, something that may be difficult.Ali said another critical element of the BoP is factor services (net). And according to the report, net factor services is projected to record a higher than anticipated deficit of US$66 million, compared to US$11.5 million last year. This is mainly the outcome of lower investment income and higher interest payment.Widening deficitMeanwhile, economist Collin Constantine told Guyana Times also that based on the report, the widening BoP deficit is driven largely by higher import prices for fuel and lubricants. “When this is juxtaposed with lower export earnings in sugar and gold, we must expect a worsening of the external accounts,” he opined.Constantine reasoned that part of the widening deficit is also related to the recovery in the construction sector, a recovery in real estate increases the importation of capital goods. Further, the economist noted that the downsizing of the sugar industry will definitely have an adverse effect on the BoP balance.“It (sugar) served as a major source of foreign exchange earnings… since gold isEconomist Collin Constantineunderperforming a wider deficit is expected,” the economist added, while reiterating that projection is it will widen further.Despite this this, Constantine feels that the projected 3.7 per cent growth rate is achievable because as he explained, the wider BoP deficit is not driven by consumption but by intermediate imports, which are key inputs for production and therefore growth could be experienced.“I cannot speak to specific numbers but the expectation of a growth rebound seems plausible. However, construction recovery and so on will have an impact. We also have to see how gold performs for the remainder of the year,” he added.The Mid-Year Report warns that global risks, such as rising commodity prices, climate change and turbulent international trade relationships, do pose a threat to the stability and progress of Guyana’s economy. And it warned that increased importation will put a strain on the country’s foreign reserves.“Specifically, the issue of climate change, which brings with it unpredictable weather patterns, has the ability to adversely affect the agriculture and mining and quarrying sectors, and, consequently, restrict production. On the other hand, while commodity prices are expected to strengthen, in 2018, this will have mixed effects.”However, on the positive side, it states that rising prices offer favourable prospects for the exporting sectors – gold, rice, timber and aluminium. However, the increased importation of intermediate goods, especially fuel and lubricants, and consumption goods, could likely offset the gains from export earnings.This could put a strain on Guyana’s international reserves, reinforcing the urgency with which economic diversification and resilience.Balance of Payments is statistical data on a country’s fiscal transactions, including imports and exports. To therefore record a deficit, Guyana would have had to spend more on imports, among other things, that it derived from exports.According to the 2017 Macro-economic Report, Guyana’s overall Balance of Payments in the last fiscal year showed a deficit of US$69.5 million. This is a hike when compared to US$53.3 million the previous year.
1 Paul Pogba FIFA has announced it is investigating Paul Pogba’s £89million transfer from Juventus to Manchester United last summer.A FIFA spokesperson told Press Association Sport that the world governing body was looking at the deal through its Transfer Matching System (TMS), the online platform that monitors cross-border transfers.“We can confirm that FIFA TMS has been requesting information on this matter. We have no further comment at this stage,” said the FIFA spokesperson.This is understood to be linked to claims that agent Mino Raiola will earn £41million from the world-record deal that saw the French player return to Old Trafford.Those claims will be explained in greater detail in a forthcoming book called ‘Football Leaks: The Dirty Business of Football’, written by two journalists from German newspaper Der Spiegel.The book will allege that the Italian-born, Dutch-based agent will receive payments for acting for the buying and selling club, as well as the player.Acting for all three parties in a transfer is unusual but allowed under certain circumstances, and all details must be logged with FIFA TMS.Neither Pogba nor Raiola has commented on the latest developments.A spokesman for Manchester United said on Tuesday: “We don’t comment on contracts.“FIFA have had the documents since the transfer was completed last August.”The 24-year-old Pogba, who left United to join Juventus in 2012, has been a regular in the Red Devils midfield this season, scoring seven goals in all competitions.FIFA’s interest in the transfer emerged on Tuesday night, shortly after sweeping changes were announced to its audit, ethics and governance committees.The replacement of its chief ethics investigator and ethics judge was always likely to be a controversial move and so it has proved, with the ousted pair claiming their exit is “politically motivated” and “the end of the reform process” at FIFA.