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PostPosted: 03 Jul 2018, 22:57 
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NAIROBI Otto Porter Jersey , May 16 (Xinhua) -- The Kenyan government has moved to cushion citizens from high maize prices by introducing subsidized flour that will retail at 60 percent less than the current market price.


The ministry of agriculture announced that starting Wednesday a 2kg packet of maize flour, East African nation's staple, will retail at 0.9 U.S. dollars, down from 1.5 dollars.


"As part of the government's Food Subsidy Programme, which seeks to reverse the recent rise in prices of essential food commodities, it is notified to the general public that starting Wednesday Jason Smith Jersey , the government has partnered with various millers to offer white maize at subsidized rates across the country," said the ministry in a statement.


Some 20 millers have partnered with the government in the programme that has caused excitement among citizens, who are squeezed by the high commodity prices.


A kilo of the subsidized flour would be retailing at 0.46 dollars in retail outlets in the first phase of the programme, according to the ministry.


Some 30,000 metric tonnes of maize from Mexico arrived in Kenya this week and are now in the stores of leading millers.


"I am happy with this move by the government and it is welcome. We have been suffering greatly due to the high prices. They should do the same to sugar and milk prices," said Benson Gitau Marcin Gortat Jersey , a messenger in Nairobi.


An increasing number of Kenyan families have been skipping meals as they struggle to survive amid fast-rising inflation.


Inflation in the East African nation has hit a 57-month high of 11.5 percent pushed up by soaring prices of basic commodities that have been on the rise in the past months.


None of the food items used every day by ordinary Kenyans has been spared, with the cost of sugar, vegetables, house rent, potatoes, onions Kelly Oubre Jr. Jersey , tomatoes and rice doubling.


The cost of a 2kg packet of sugar, for instance, has risen considerably now going at 4 dollars from 2.9 dollars two weeks ago.


On the other hand, a 500ml packet of milk has hit 0.68 dollars, up from 0.53 dollars some weeks ago with most families doing away with the commodity.


The rising cost of living has been turned into a campaign issue, with the Opposition National Super Alliance using it against President Uhuru Kenyatta's government ahead of August polls.


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LHASA, Oct. 29 (Xinhua) -- The first illustrated collection of the intangible cultural heritage in southwest China's Tibet Autonomous Region has been published, according to the local culture protection center on Thursday.


It took six years to compile the book, which consists of more than 100,000 words and over 500 pictures. It gives a detailed introduction on the location, history Markieff Morris Jersey , cultural value and endangered status of more than 300 national or regional-level pieces of intangible cultural heritage.


"The book summarizes the present condition of intangible cultural heritage across the region and provides an authoritative explanation," said Ngawang Tenzin, deputy director of the protection center.


Tibet started a census on intangible cultural heritage in 2006. Over 1,000 forms of intangible cultural heritage, including traditional music, dance Chris McCullough Jersey , craftsmanship as well as traditional medicine and folkways, were recorded in the census.


Among them, 89 items are recognized as national-level intangible cultural heritage. Tibetan opera and "The Epic of King Gesar" have been listed as World Intangible Cultural Heritage items by UNESCO.


At present, what is the level of constraint on intra-bank lending?


AZZAM: The impact of the international crisis on us is clearly going to be noticeable. We are all connected; what happens in Europe and the USA affects the Middle East and the rest of the world. Because of the inter-linkages and the connection between banks, if banks in the major European countries become risk averse, or tight on liquidity Wes Unseld Jersey , they would not be able to place funds abroad, and would not have the appetite to finance existing maturing debt for countries in the region. So I would expect that countries that need to refinance would find it more difficult because of the international banks lack of willingness and ability to do so. There might be situation where intra-bank lines will be affected if banks in Europe are also experiencing tight liquidity conditions then the surplus funds they would normally deposit through the intra-bank market to other banks will be less. This is a global market, but different counties and different banks will feel it differently. Those who depend more on retail deposits will feel it less. Those who are wholesale banks, whose major deposit base is the intra-bank market, they will feel the heat. For example, GIB and ABC in Bahrain Michael Jordan Jersey , these are wholesale banks without retail branches in the region – they depend a lot on the intra-bank market and they will feel it more than a bank like NBAD or ADCB or National Bank of Kuwait or NCB, those are banks that are dependent more on branches and retail deposits. So it varies from one bank to another and it varies by countries as well.


How will this region specifically be affected by the international crisis in comparison to the rest of the world?


AZZAM: We have a different set of problems in the region than the problems banks in Europe, the USA or the Far East are facing. In Europe, we are seeing huge exposure to markets in Southern Europe an. Cheap Sacramento Kings Jerseys Cheap Toronto Raptors Jerseys Cheap New Orleans Pelicans Jerseys Cheap Orlando Magic Jerseys Cheap Los Angeles Lakers Jerseys Wholesale Knicks Jerseys Wholesale Jazz Jerseys Wholesale Heat Jerseys Wholesale Portland Trail Blazers Jerseys Wholesale Philadelphia 76ers Jerseys


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