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CAYMAN makes OECD WHITELIST! – Real Estate in Cayman Islands

Wed, 25 Nov 2009 23:35:04 +0000

Real estate in cayman islands – Cayman on OECD ‘white list’ Reuters 14 August 2009. The Cayman Islands has joined the global “white list” of countries using internationally recognized tax standards, the Organization for Economic Cooperation and Development said on Friday. The G20 group of leading industrialized and emerging market nations agreed in April to crack down on countries that failed to help out in cross‐border tax evasion cases. At the time, the OECD published a “grey list” of more than 30 countries that had agreed to improve transparency standards but had not signed the necessary international accords. To get off the list, governments had to sign at least 12 bilateral tax agreements in line with OECD standards.

The OECD said the British Virgin Islands and the Cayman Islands had both signed pacts with New Zealand to give them the needed quorum. “Today the British Virgin Islands and the Cayman Islands take their place alongside other countries that have substantially implemented the internationally agreed tax standard,” said Jeffrey Owens, head of the OECD’s Center for Tax Policy and Administration. “Six jurisdictions have moved into this category since April,” he added in a statement. Leader of Government Business/Premier Designate, Hon. McKeeva Bush said: “For over four decades the Cayman Islands has steadily earned its place as a world‐class international financial services centre. The Cayman Islands Government sees the OECD’s recognition as a natural outcome of the country’s substantial commitment to uphold an equally world‐class international cooperation regime in the exchange of tax information.”

Mr Bush added: “The Cayman Islands Government is looking forward to working in partnership with competent authorities in implementing agreements it has signed, concluding additional agreements with Cayman’s important trading partners in financial services and continuing its active role in the OECD Global Forum, to which it committed to in 2000.” Mr Bush concluded that this move to advance the country’s various global commitments in the area of international cooperation and regulation is part of the recently‐elected United Democratic Party’s manifesto pledge to enhance and protect the industry. Anthony Travers, chairman of the Cayman Islands Financial Services Association (CIFSA), said, “We are pleased to see that Cayman’s position on tax transparency has now been recognized by the OECD.

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Stamp Duty Reduction on Cayman Islands Property

Wed, 25 Nov 2009 23:35:02 +0000

STAMP DUTY REDUCED BY A THIRD FOR FOREIGN INVESTORS BUYING IN THE SEVEN MILE BEACH AND GEORGE TOWN AREAS The Financial Secretary of the Cayman Islands has announced that there will be a temporary stamp duty reduction as part of an incentive package to investors to encourage activity within the cayman islands property market and maintain Cayman’s position as one of the world’s most desirable off shore property investment locations. Buyers will save substantial amounts on property purchases from April 1st 2009, when stamp duty will be reduced to 5% for a period of six months. The represents a significant 2.5% reduction from the usual 7.5% payable on purchases in the popular Seven Mile Beach and George Town areas.

There are no income taxes, annual property taxes, and inheritance or capital gains taxes in the Cayman Islands so unfortunately these cannot be reduced any further. However the Financial Secretary has simultaneously announced reductions in the import duty rates for building materials to help stimulate the local cayman property industry. The Cayman Islands have positioned themselves as the ultimate Caribbean island offering residents and visitors fabulous beaches, a safe and relaxed atmosphere with world class infrastructure and the highest standard of living in the region. Their economical and social stability have buffered the islands from any cayman property price fluctuations over the years and instead have shown gradual and steady appreciation in value, unlike the major markets in the world.

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Advanced Metal Roofing Named to Remodeling 550 List by Remodeling Magazine

Sun, 18 Oct 2009 22:56:02 +0000

James Kenton and Advanced Metal Roofing announce their position in Remodeling 550, Remodeling Magazine’s annual list of the biggest home improvement companies in the country.

Wilmington, NC, October 13, 2009 — James Kenton and Advanced Metal Roofing are excited to announce that they have placed number sixty-nine on Remodeling Magazine’s annual list of the biggest home improvement companies in the country. The “Remodeling 550″ is the publication’s first list of home improvement companies since they published the “Remodeling 1,000″ in the 1990’s and will continue to be an annual feature of the magazine.

The “Remodeling 550″ list is divided into four major categories: full-service, replacement or specialty, insurance restoration, and franchise. Companies are ranked by volume (except for those in the franchise category). Advanced Metal Roofing was considered in the replacement or specialty category and ranked number sixty-nine among US companies listed.

Advanced Metal Roofing is a residential metal roofing company offering the exclusive, patented MetalMan Roofing System throughout a growing number of states including North Carolina, Georgia, and South Carolina. The metal roofing system comes with a limited, transferable Lifetime Warranty and a 42% Energy Savings Pledge. Advanced Metal Roofing also offers a Thirty Day Best Price Guarantee and financing options including up to 100% financing.

James Kenton, owner of Advanced Metal Roofing, is proud to be listed among the nation’s top specialty contractors by Remodeling Magazine. “We are especially pleased to be acknowledged among a broad spectrum of specialty contractors throughout the United States. We believe in the many benefits of metal roofing for homes and the MetalMan Roofing System in particular. This recognition from Remodeling Magazine proves that we are doing our job of educating homeowners on the lifetime rewards of a new metal roof.”

Remodeling Magazine is a monthly publication dedicated to reporting on topics relevant to the remodeling construction industry. The magazine covers a wide range of pertinent subjects including green building, the effect of the economic market on building and remodeling, design and architecture, sales and marketing, wages and benefits, and more.

For more information on Advanced Metal Roofing, please visit http://www.AdvancedMetalRoofing.com or call 877-858-7663. For further details about Remodeling Magazine, please visit http://www.Remodeling.hw.net.

Contact :
James Kenton
Advanced Metal Roofing
309 Raleigh Street, Suite C
Wilmington, NC 28412
877-858-7663
AdvancedMetalRoofing@gmail.com
http://www.AdvancedMetalRoofing.com

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Magellan Associates – Data Shows Housing Stabilization.

Tue, 04 Aug 2009 01:29:11 +0000

Magellan Associates sees more signs that the US housing market is stabilizing, this can be seen from data released by national real estate brokerage firm ZipRealty.

ZipRealty has reported a reduced amount of homeowners on their multiple listings service for another consecutive month. The amount of single-family homes for sale has declined reducing the amount of total listing in the US to just fewer than 700,000.

Senior analyst for Magellan Associates were told that on top of this data ZipRealty reports that of all markets combined the list price was stable and had only dropped a small percentage. Over the year the market had fell just under 3 percent, clear signs that the freefall has stopped.

California had the highest reduction in inventory showing a 50 percent reduction from this time last year, another signs of stabilization.

Sources from ZipRealty spoke to Magellan Associates saying that the buzz word in the industry right now is affordability, and where the banks have ownership of many homes now we are see big reductions as banks look to sell of the homes.

Magellan Associates analyst feel that if the number of houses listed keeps falling and that buyers are looking again then prices of homes and sales will increase. This will have a dramatic effect on the economy’s health. Magellan Associates have always said that a healthy US economy needs a healthy housing market. Signs have improved a huge amount compared to this time last year.

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Advanced Metal Roofing Achieves Record Installation Numbers

Sun, 19 Jul 2009 04:41:50 +0000

James Kenton and Advanced Metal Roofing exceed one million square feet of metal roofing installed in one year for the first time in company history.

Wilmington, NC July 18, 2009 — Advanced Metal Roofing owner James Kenton is excited to announce that the company has exceeded one million square feet of metal roofing installed in one year for the first time in company history. This is a milestone event for Advanced Metal Roofing and denotes the strength and steady growth of the company as well as the superior performance of their product, the MetalMan Roofing System.

Advanced Metal Roofing is the exclusive contract holder for MetalMan Roofing Systems, a technologically advanced, high performance metal roofing system designed for residential homes. The patented panel design appears virtually seamless to provide a sleek and streamlined look that complements and enhances the home. The MetalMan Roofing System is constructed of Galvalume steel to resist corrosion, Kynar 500 paint finish to retain the original metal roof colors and resist fading and rust, and Cool Metal Roofing technology to save homeowners 42% on home heating and cooling bills.

In addition to offering advanced and high performance metal roofing, Advanced Metal Roofing also offers its customers many benefits and conveniences for doing business with them including a transferable, limited Lifetime Warranty, a 30 Day Best Price Guarantee, an Energy Savings Pledge, and financing options including up to 100% financing on a new metal roof. Their metal roof installation teams are highly trained, experienced, and efficient.

Owner James Kenton is proud of this recent milestone achievement and is determined to keep the company growing strong despite the national economic downturn where consumers are generally spending less: “Reaching a record installation goal in the midst of a challenging economic climate only proves that our product, the MetalMan Roofing System, is a worthy investment of the average homeowner. Many people have experienced problems with their asphalt shingle roofs such as severe limits on warranties, early roof replacement, and multiple patch jobs that are costly and inconvenient. When matched against the MetalMan Roofing System and our consumer-friendly financing options, homeowners are convinced that our long lasting, durable, and energy efficient metal roofs are a smart choice for their home and their money.”

Advanced Metal Roofing has achieved national recognition as a top metal roofer and exterior contractor by trade publications including Metal Construction News, Qualified Remodeler, and Metal Home Digest.

To learn more about metal roofing for your home and the MetalMan Roofing System, please visit http://www.AdvancedMetalRoofing.com.

Press Contact:
James Kenton
Advanced Metal Roofing
309 Raleigh Street, Suite C
Wilmington, NC 28412
877-858-7663
Info@AdvancedMetalRoofing.com
http://www.AdvancedMetalRoofing.com

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Equilibrium – Equilib.org – Launched today by award winning architect Patrick Rahming

J K Hanok — Fri, 19 Jun 2009 06:06:03 +0000

Building For Balance with Pat Rahming

The Earth is home to countless living things, all of whom depend for their continued existence on the extent to which we provide for their sustained presence. The key to all our survival is the extent to which we learn the lessons of the ancients, who knew when to sow and when to reap, when to leave a field to “lie fallow”. Modern man has fallen in love with his power, and in the course of his time, he has unlearned the balance he inherited.

The purpose of Equilibrium is to help remind us all that we can relearn that way of treating our collective home, despite our record of forgetfulness. We will challenge man to build his environment in balance with the ecosystems of the planet.
Patrick A Rahming

This site is the personal project of Patrick A Rahming.

Patrick Rahming, has a special commitment to the cultural and economic development of the Caribbean.

For more than thirty years, his Architectural practice has focused on the Bahamas. This focus has made Mr. Rahming a multiple recipient of the Governor-General Award for Design Excellence.

Visit the site here

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£2 MILLION DRAINAGE WORK ON M3 JUNCTION 3 TO JUNCTION 4

J K Hanok — Wed, 17 Jun 2009 07:06:20 +0000

The third phase of improvements to the drainage system on the M3 between junctions 3 and 4 in Surrey will be carried out later this month.

The scheme will involve the Highways Agency replacing the existing verge drainage on the southbound carriageway with a new and more effective drainage system.

Work on a 1km (0.6m) stretch of motorway starts on Monday 22 June 2009 and is due to be complete by the end of September 2009, weather permitting.

The work will take place during the daytime and include narrow lanes and a 50mph speed limit enforced with average speed cameras. The speed reduction is in place to ensure the safety of drivers and the workforce. Some overnight lane closures will be required for the setting up and removal of traffic management. Drivers are advised to allow extra time or vary their journeys, if possible.

Peter Scott, Highways Agency Project Manager, said:

“The result of this work will be improved drainage ensuring the carriageway remains safe and reliable for drivers. We are keeping three lanes open for drivers throughout the work. We are asking people to leave more time than usual for their journeys and to check the Highways Agency website before they set out.”

Notes to editors

The Highways Agency is an executive agency of the Department for Transport. We manage, maintain and improve England’s motorways and major A roads on behalf of the Secretary of State.

2. Real-time traffic information for England’s motorways and major A roads is available:

· From our Traffic Radio service, available on DAB digital radio and the Internet at www.trafficradio.org.uk. To tune into the DAB service, press the “scan” button on your radio. The radio will tune into all available channels and you can select the service by scrolling through the channels until you reach “Traffic Radio”.

· On the Internet at www.highways.gov.uk/trafficinfo or www.highways.gov.uk/mobile if using a phone or mobile device.

Before using a mobile, find a safe place to park. Never stop on the hard shoulder of a motorway except in an emergency. Make sure it’s safe and legal before you call.

· By phone from the Highways Agency 24-hour voice activated phone service on 08700 660 115. (Calls from BT landlines to 0870 numbers will cost no more than 8p per minute; mobile calls usually cost more).

3. For more general information about the Highways Agency and its work, visit the Highways Agency website www.highways.gov.uk, or telephone the Highways Agency Information Line on 08457 50 40 30 at any time. (Calls to 0845 numbers cost no more than 3p/min from BT residential landlines. Call charges from other landlines and mobile network may vary)

Safety at roadworks

The Highways Agency is working with the industry and road users to reduce the risks of working on the roads. For the safety of roadworkers and all road users, when you are approaching roadwork:

· Keep within the speed limit – it is there for your safety.

· Get into the correct lane in good time – don’t keep switching.

· Concentrate on the road ahead, not the roadwork.

· Be alert for work’ traffic leaving or entering roadwork.

· Keep a safe distance – there could be queues in front.

· Observe all signs – they are there to help you.

Receive our national and regional press releases by RSS and get the latest headlines straight to your desktop the moment we publish them to our website. Choose to receive a national press feed or one of our regionalised feeds – go to www.highways.gov.uk/rssnews for more information.

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SMOOTHER JOURNEYS ON THE A34 AT NEWBURY

J K Hanok — Wed, 17 Jun 2009 06:45:48 +0000

Plans to improve the condition of the A34 near Newbury will be on show at an exhibition in the town later this week.

The Highways Agency will use the exhibition at Newbury Racecourse on Friday and Saturday – 19 and 20 June – to highlight its resurfacing of the carriageway to keep the A34 in a safe and reliable condition.

In addition to resurfacing, the 12km (7.45 miles) of road between Chieveley and Tot Hill will also receive clearer markings and maintenance to the central reserve.

The exhibition will allow members of the public and other interested parties to see details of the work, which will involve some overnight carriageway and slip road closures. There will also be an opportunity for people to sign up for e-mail updates on the progress of the scheme and how it will affect their journeys. The maintenance is due to begin on 6 July and end in November.

Peter Scott, Highways Agency Project Manager, said:
“The work will result in a smoother ride for road users on that stretch of the A34. Around 40,500 vehicles travel between Chieveley and Tot Hill every day. Doing the work now will minimise the need for maintenance in the future. The exhibition will enable the public to find out why the work is necessary and the benefits it will bring.

“The Highways Agency will minimise disruption to road users by carrying out the work at night, with two lanes remaining open during the day.” The exhibition will be open between 2.30pm and 8pm on 19 June, and 10am and 2pm on 20 June.

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HIGHWAYS AGENCY TO INSTALL ENVIRONMENTAL SCREENING

J K Hanok — Wed, 17 Jun 2009 06:43:11 +0000

The Highways Agency is to plant trees and provide screening around a new Emergency Refuge Area on the M6 in Walsall, following consultations with residents of Murdock Way, Beechdale.

Paul Unwin, of the Highways Agency’s Active Traffic Management Team, said:

“We recognise residents concerns about the introduction of Active Traffic Management on the M6. Planting and screening around the Emergency Refuge Area will reduce the impact and meet the wishes of the majority of residents.”

In response to residents concerns about the environmental impact of works on the M6, two options to mitigate the impact of the introduction of Active Traffic Management were offered at a public exhibition at Beechdale Community Centre on 9 June.

The options were an environmental screen running the full length of Murdock Way or an environmental screen and planting in the specific vicinity of the Emergency Refuge Area.

After consultation on these options at the evening of the exhibition and following subsequent door to door visits along Murdock Way, responses were received from 95% of residents.

The overwhelming majority of respondents expressed a preference for an environmental screen and planting in the vicinity of the Emergency Refuge Area.

Notes to editors

1.
The Highways Agency is an executive agency of the Department for Transport. We manage, maintain and improve England’s motorways and trunk roads on behalf of the Secretary of State.

2.
Real-time traffic information for England’s motorways and major A roads is available:
From our Traffic Radio service, available on DAB digital radio and the internet at www.trafficradio.org.uk To tune into the DAB service, simply press the “scan” button on your radio. The radio will tune into all available channels and you can select the new service by scrolling through the channels until you reach “Traffic Radio”.
From the web at www.highways.gov.uk/trafficinfo or www.highways.gov.uk/mobile if using a phone or mobile device.
Before using a mobile, find a safe place to park. Never stop on the hard shoulder of a motorway except in an emergency. Make sure it’s safe and legal before you call.
By phone from the Highways Agency 24-hour voice activated phone service on 08700 660 115. (Calls from BT landlines to 0870 numbers will cost no more than 8p per minute; mobile calls usually cost more).

3.
For more general information about the Highways Agency and its work, visit the Highways Agency website www.highways.gov.uk, or telephone the Highways Agency Information Line on 08457 50 40 30 at any time. (Calls to 0845 numbers cost no more than 3p/min from BT residential landlines. Call charges from other landlines and mobile networks may vary.

Before using a mobile, find a safe place to park. Never stop on the hard shoulder of a motorway except in an emergency. Make sure it’s safe and legal before you call.)

Safety at roadworks

The Highways Agency is working with the industry and road users to reduce the risks of working on the roads. For the safety of road workers and all road users, when you are approaching roadworks:

• Keep within the speed limit – it is there for your safety.
• Get into the correct lane in good time – don’t keep switching.
• Concentrate on the road ahead, not the roadworks.
• Be alert for works’ traffic leaving or entering roadworks.
• Keep a safe distance – there could be queues in front.
• Observe all signs – they are there to help you.

Receive our national and regional press releases by RSS and get the latest headlines straight to your desktop the moment we publish them to our website. Choose to receive a national press feed or one of our regionalised feeds – go to www.highways.gov.uk/rssnews for more information

—
This article was first published at JKHanok.com
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This work by JK Hanok Press Release Center is licensed under a Creative Commons Attribution-No Derivative Works 2.0 UK: England & Wales License.
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New Zealand Weak Currency Contributed to Increased Exports of Sawlogs in 2008, Reports Wood Resource Quarterly

J K Hanok — Fri, 15 May 2009 06:23:42 +0000

The forest industry in New Zealand has had few reasons to celebrate the past year. Domestic consumption of lumber has diminished, and the export market for lumber and pulp has been in decline for most of 2008. The only bright spot has been the increase in radiata pine log exports, reports the Wood Resource Quarterly.

For Immediate Release
AUCKLAND/PRANGEL/April 28, 2009 — The lumber market in New Zealand (N.Z.) continues to be weak, and many sawmills are running at reduced operating rates due to falling domestic housing activity and a weak property market, reports Wood Resource Quarterly. Housing starts have trended downwards, with the total number of new dwellings at only about 60 percent of what it was just over a year ago.

In 2008, 24 sawmills closed, and it is expected that more plants will permanently shut down in 2009. Despite the reduced demand for sawlogs domestically, prices did not change much – in New Zealand dollars – as the log export market has been fairly strong. In U.S. dollars, domestic radiata pine sawlog prices averaged US$49/m3 in the 4Q/08, down from the 12-year high of US$68/m3 in the 1Q/08, according to the Wood Resource Quarterly.

The exports of radiata pine sawlogs have been one of the few bright spots in the forest products sector the past year. Shipments to the two major destinations, China and Japan, were higher in 2008 than in the previous two years, and total exports reached a five-year record of 6.6 million m3 last year. In the 4Q/08, the New Zealand market share of imported logs to Japan was a record 17 percent, up from about 10 percent in 2006 and 2007. In China, New Zealand supplied 15 percent of imported softwood logs, an increase from about four percent in 2006. Log exporters have recently been benefiting from a weak NZ dollar, lower freight rates and higher prices for logs from Russia, the dominant supplier of logs to Asia.

The weak New Zealand dollar has made pulp and sawmills more competitive as they now have some of the lowest wood raw-material costs, in U.S. dollar terms, in the world. This may sound like good news, but the problem is that demand for lumber and pulp in New Zealand’s major export markets is in decline. Another obstacle is that due to the global credit crunch, many of the log buyers in Asia cannot obtain a letter of credit to purchase more products. So, despite the low wood costs in New Zealand, there are limited opportunities for exporters to increase shipments under the current market conditions.

Global timber market reporting is included in the 50-page publication Wood Resource Quarterly. The report, established in 1988 and with readers in over 20 countries, tracks sawlog and pulpwood prices in most regions around the world and also includes regular updates of the latest developments in international timber, pulp, lumber and biomass markets.

Contact Information
Wood Resources International LLC
Hakan Ekstrom
info@wri-ltd.com
http://www.woodprices.com

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