(L to R: Jack Royal, Chairman of IBC, Aboriginal Affairs Minister Kathleen Ganley and Chief Vincent Yellow Old Woman of Siksika Nation at the announcement) Brandi Morin APTN National NewsEDMONTON — The province of Alberta has announced a partnership to help the flooded community members of the Siksika Nation in southern part of the province.It has been two years since flood waters forced almost 1,000 people from their homes and the community is still dealing with the aftermath working to rebuild homes, roads and other damaged infrastructure.On Friday a new partnership involving Siksika, the Alberta Government and the Indian Business Corporation was announced that officials say will help boost economic opportunities for the nation.Siksika has invested $2 million backed by an additional $700,000 from the province to help entrepreneurs build and grow their small businesses.The announcement comes on the heels of the apology for residential schools by the Alberta Government.“We are living in times where we need to work together,” said Siksika Chief Vincent Yellow Old Woman who is a residential school survivor and attended the apology.“I am proud of the partnership today. This is for our members who have a willingness, capacity and a means to move forward. To encourage and to help them see that there’s a light at the end of the tunnel.”Aboriginal Relations Minister Kathleen Ganley said small business owners play a central part in Alberta’s economy, entrepreneurs are important to the overall prosperity of Alberta and, especially to the prosperity of Indigenous people.“There are more businesses owned by Indigenous people today than ever before. For many Indigenous people, starting a business can mean economic prosperity and improve quality of life. Nowhere is this more evident than on First Nation reserves,” said Ganley.However, many First Nations living on reserve face significant challenges when it comes to accessing capital for business start-ups.Alberta based Indian Business Corporation (IBC) will administer the project. The IBC is a First Nations owned company founded in 1987 that has since provided close to $70 million in loans and created and funded over 2,500 businesses or expansion ventures.IBC chairman of the board Jack Royal said they understand the needs of First Nations. The IBC helps to fill the gap between a lack of understanding with lending institutes and First Nations.“I think the main stream banks, chartered banks, don’t fully understand,” said Royal.“A part of that has to do with crown title to First Nations land underlying First Nations ownership of the land. The Indian Act and all of the restrictions with the federal minister having to provide various guarantees. As a result they see First Nations as a higher risk and then they don’t fit into mainstream lending opportunities. Through IBC we’re more flexible and we understand how the Indian Act works and how Indian title works and what’s required for security to guarantee loans.”This partnership is unique in Alberta in that it’s never happened with a First Nation and a First Nation owned company collaborating with the province to deliver programs/services or economic funding directly to First Nations people.Royal said the initiative will help community members to build independence and will have an impact on social conditions.“We’re investing in the community, we’re generating revenue. It starts from the ground up. If the people don’t own something, they don’t have the passion for it. I think now because they’ll own these initiatives they’re now able to build that passion,” said Royal.The two primary business trends in Alberta are the energy sector and agriculture which Royal believes many members will create undertakings in. There is currently even more economic opportunities available in Siksika through the flood restoration efforts and members are already lining up to apply for funding.Royal hopes more monies will be made available for other Alberta First Nations to take advantage of entrepreneurial ventures in the near [email protected]
“In view of the strong rand, it is prudent to invest between 20 and 30% of a portfolio in international markets. Investors need to hedge against those things they can’t foresee,” he said, adding that offering investors access to international companies, currencies and commodities allowed them to diversify their assets. Sanlam iTrade doesn’t charge clients for the offshore trading, although Saxo Bank does charge a fee, with costs varying depending on the trading instrument, stock exchange traded on, or live price feeds needed by the client. Bolus and Bolus Investments, the introducing broker to Saxo Bank, will offer clients the necessary trading help. Local financial services group Sanlam has launched iTrade, a new offering that gives South Africa’s online traders access to foreign listed instruments on 16 global stock exchanges, allowing investors to easily diversify their portfolios and giving them access to some of the most traded companies globally. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material 30 July 2010 “Currently South Africans can invest up to R4-million offshore but there is very little stopping government from lifting these controls on individuals as very few people made use of this allocation,” he said. He believes the JSE’s recent launch of single stock futures on foreign equities is a precursor to lifting the controls. According to Gerhard Lampen, head of Sanlam’s online trading platform, Sanlam iTrade now offers one of the most advanced trading platforms available. Lampen says it is the right time to launch offshore trading to investors, and believes exchange controls on individuals will be abolished in the next 12 months. Free demonstration models Lampen said that Sanlam had chosen online Danish investment bank Saxo Bank’s platform and access to global markets, because it had highly advanced trading technology and an award-winning platform. “Bolus and Bolus provides assistance with opening an account, transferring funds to Saxo Bank, training on using the platform and trading the different instruments, as well as a fully staffed help desk,” he said. In order to trade offshore, clients open a trading account with Saxo Bank through Bolus and Bolus. They then transfer money into the Saxo account – and can start trading immediately. The minimum investment is US$10 000. Lampen says demonstration models are available free of charge on the Sanlam iTrade website. “The major aim with the new launch is to give our clients exposure to global markets – something most South African investors have not had before,” he added. “Clients will be able to trade shares, currencies, commodities and exchange-traded funds, among other instruments,” he said in a statement this week. “The New York Stock Exchange, London Stock Exchange and Australian Stock Exchange are among the 16 exchanges now available to equity traders.” Advanced trading technology ‘Right time’ for offshore investment
WATCH: Firefighters rescue baby seal found in parking garage Photo by: Tristan Tamayo/Inquirer.netThe Philippines is not in danger of missing out on the AFC Asian Cup, but the clash against Tajikistan on Tuesday night may feel like a do-or-die match for the Azkals.On the heels of a deflating 1-8 loss to China in a friendly last Wednesday in Guangzhou, the Azkals hope to regain their bearings against a Tajikistan side which is expected to be backed by 15,000 fans at Republican Central Stadium in Dushanbe.ADVERTISEMENT View comments Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Lacson: SEA Games fund put in foundation like ‘Napoles case’ Don’t miss out on the latest news and information. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ “We need this win just to take that China loss out of our system,” said Azkals skipper Phil Younghusband. The heavy defeat turned out to be a horror show as the Azkals were outclassed by the superior Chinese.But while Tajikistan is not in the same level as the Chinese, Younghusband said they still can’t afford to defend the way they did in their last outing.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutout“We can’t expect to get a result if we play that way,” he said.The Azkals opened their Asian Cup Qualifying campaign on a winning note, drubbing Nepal, 4-1, at home last March. But they are expected to have their hands full against a desperate Tajik side, which dropped its opener to Yemen, 1-2. Heart Evangelista admits she’s pregnant… with chicken MOST READ Sports Related Videospowered by AdSparcRead Next Foton, Cignal eye elimination-round sweep A win by the Azkals will keep them in the lead in Group F, where the top two teams will qualify for the Asian Cup in 2019 in the United Arab Emirates.Tajikistan coach Khakim Fuzaylov said his team has no room for error against the Azkals.“This match is a six pointer,” said Fuzaylov. “We will play at home and have no right to make a mistake in front of our own fans.”The Azkals will miss Jeff Christiaens, Pika Minegishi and James Younghusband due to injuries, but top striker Javier Patiño, who is also coming off an injury, will be available for selection.Azkals coach Thomas Dooley, however, faces a dilemma in defense as Luke Woodland, who was converted to centerback, struggled against China. Dooley could opt for Dennis Villanueva again to pair up with Amani Aguinaldo at central defense.ADVERTISEMENT LATEST STORIES 1 dead in Cavite blast, fire Heart Evangelista admits she’s pregnant… with chicken What ‘missteps’? World’s 50 Best Restaurants launches new drinking and dining guide
The coalition has been waging an aerial bombing campaign in Yemen since 2015 aimed at pushing the Huthis back after they seized Sanaa and large parts of Yemen, but the rebels still hold the capital and parts of the Red Sea coast.
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