Small Businesses Big Ideas Brighter Future

first_img John Hamlin, Alex Gillis and Peter Moreira, winning Startup Canada awards in Atlantic Canada Leslie Gallagher, being selected as Nova Scotia’s only representative to the G20 Young Entrepreneurs’ Alliance summit, less than a year after starting Admiral Insurance, reaching more than four million customers and almost 500 employees after starting in Halifax with just 19 employees in 2007 Kinduct Technologies Inc., helping the Toronto Blue Jays and more than a dozen other professional baseball, hockey and basketball teams collect data to better manage their athletes. There is nothing small about small businesses in Nova Scotia. The overwhelming majority of businesses in this province are small businesses, and they employ almost half of all our workers. For our economy to grow, we need all sizes of businesses to be successful. Every large business has to start somewhere, and we know small businesses are the big opportunities of tomorrow. That’s why we celebrate them during small business week from Oct. 18 to Oct. 24. We believe in making smart investments that benefit Nova Scotians. That’s why government doubled the Credit Union Loan Program, and increased our guarantee to 90 per cent. So far, more than $90 million in financing has been approved for 1,864 small businesses across every region of Nova Scotia. This has helped create and maintain more than 11,400 jobs. Through the Department of Business, we’re bringing government departments and agencies together to focus on economic growth. Nova Scotia Business Inc. delivers our business and export programs, and Innovacorp fosters innovative startups that strive to change the world. Right now, the Canadian Federation of Independent Business ranks Nova Scotia highest in Canada, in terms of business confidence. We wouldn’t be at the top without entrepreneurs who are willing to sacrifice and take risks. Many of these ambitious and talented leaders are having tremendous success. Just a few recent achievements from Halifax-area people and companies include: Government understands the importance of small businesses, and we have one very clear objective – to make Nova Scotia the most competitive and business-friendly environment. We are reducing red tape, eliminating unnecessary licences and placing more services online to make it easier to do business with government. We are committed to small business success. I offer my admiration and congratulations to all of our small business success stories and to those just starting out. For the first time in Nova Scotia this is being proclaimed small business week. I encourage every Nova Scotian to join me in celebrating small businesses, and help spread the word of all the good things that are happening in our business community. -30-last_img read more

Fatherson duo arrested for supplying illegal arms

first_imgNEW DELHI: Delhi police have arrested three persons, including a father and son, with 1,250 illegal cartridges from south Delhi. The Special Cell arrested father Praveen Verma and son Prateek Verma who were based in Uttar Pradesh and supplied illegal weapons.They were arrested on Sunday night from Ashram Chowk following a tip-off when they came to hand over the cartridges to a Sonu, who too was arrested.A resident of Delhi, Sonu bought arms and cartridges from the Vermas and supplied them to criminals in Delhi, the officer said. Accused Praveen Kumar Verma had a gun shop in Sikohabad, District Firozabad, UP whose license was cancelled in the year 2007. Since 2007, he has been procuring cartridges from his erstwhile network of licensed dealers and has been selling the same through a network of conduits in Bihar, Haryana, Rajasthan, Uttar Pradesh, MP and Delhi/NCR. He along with his son, used to visit Etah, Etawa, Mainpuri, Firozabad and others places to collect pilfered cartridges from his contacts and then to supply them to receivers in various States for a handsome margin of Rs 200 to Rs 400 per cartridge. Accused Prateek has done ITI Diploma in Electrician. Since early 2019, he has been assisting his father in the illicit business. Also Read – Bangla Sahib Gurudwara bans use of all types of plastic itemsAccused Sonu was brought into the world of crime by one Jitender of village Biloni, Kanchanpur, District Dholpur, Rajasthan who has many cases of extortion, robbery, attempt to murder etc. registered against him in Rajasthan and Madhya Pradesh. “He is an important player in the Jitender syndicate and works as a courier of pilfered cartridges to various places in Haryana, Rajasthan, Western UP and Delhi for a handsome commission per trip. This syndicate has been found supplying over 3,500-4,000 cartridges per month of various prohibited as well as non prohibited bores,” said Manishi Chandra, DCP Special Celllast_img read more

Tim Hortons to hike dividend buy back stock while Q4 growth slowed

OAKVILLE, Ont. — Tim Hortons Inc. (TSX:THI) says its fourth-quarter revenue growth was held back as it passed along lower commodity prices to restaurant owners and its profit took a $9-million hit from restructuring charges.Total revenue for Tim Hortons for the three months ended Dec. 31 was up 4.1% at $811.6 million, with the final three months of the year producing less than half the growth rate as the year as a whole.Net income attributable to shareholders also fell, dropping 2.5% from a year earlier to $100.3 million or 65 cents per share.The company said the profit was five cents per share lower than it would have been without $9 million of reorganization expenses recorded in the quarter.Adjusted operating income, which excludes the reorganization costs, was $157.4 million, up 4.4% from $150.8 million a year earlier.For the full year, Tim Hortons net income was up 5.2% to $402.9 million or $2.59 per share — below the company’s 2012 guidance.“Our 2012 earnings outlook communicated in February 2012 of $2.65 to $2.75 per share did not contemplate the 10 cents per share corporate reorganization charge taken during the fiscal year,” the company said.The company said it planned to increase its quarterly dividend by 23.8%. Starting with the March payout, the quarterly dividend will rise to 26 cents per share.The Canadian restaurant company also announced it will buy back up to $250 million of its shares, a move that tends to push up per share earnings over time. read more

UN predicts rise in global cereal output but says increase will not

According to the FAO Food Outlook, global cereal production could increase by almost 2 per cent in 2001 from the previous year’s below average output. World cereal output this year is forecast at 1,889 million tonnes — 35 million tonnes up from 2000 and close to the average of the past five years.The report warns, however, that “as growth in cereal usage is anticipated to continue in the coming 2001/2002 season, output at this level would be insufficient to meet global utilization for the second year in succession, leading to a further reduction in world cereal stocks.”In the current season, world cereal reserves are forecast to fall by 48 million tonnes, or 4 per cent, to 645 million tonnes, according to FAO. This dip in stocks is not, however, expected to result in a rise in prices, because countries which export cereal still have plenty in store. “International cereal prices remain generally depressed, largely as a result of ample exportable supplies and slack demand,” the report notes.Global feed usage of cereals is now forecast at 686 million tonnes in the current season — a slight increase from the 682 million tonnes used in the previous year. The report does not raise alarm about reports concerning livestock diseases and contamination. “In spite of the concerns about the contamination of animal feed with BSE infected meat and bone meal and, more recently, the foot-and-mouth disease, global feed usage is not likely to be significantly affected in the short-run from these animal diseases.”At the same time, FAO paints a complex picture of the possible impact of these illnesses. If consumers eat less beef, the demand for feed could actually increase, as farmers would have to keep larger cattle inventories than normal. If consumers shift preferences to other meats — chicken and pork — that would also increase the demand for livestock feed.In the long term, however, feed demand could go down, according to the report. “While emergency slaughtering to-date accounts for less than one percent of total inventories in the United Kingdom, it is unclear how long the problem will persist or how many animals will be involved. A large reduction in total animal numbers to control the disease will ultimately result in reduced feed demand.” read more