first_img-House Reviews InvestmentPresident Ellen Johnson Sirleaf last Tuesday wrote the House of Representatives to approve a ‘special tax cut agreement’ in favor of a group of Liberian professionals and investors – the Musons Group, Inc. (MGI), which will last for 15 years.Mr. Joe Gene Mulbah is the President and CEO of Musons Group, Incorporated.The President’s letter to Speaker J. Emmanuel Nuquay said the law, titled, “The Investment Incentive Agreement between the Government of Liberia and Musons Group, Inc,” has an investment of over US$70 million.The President said the purpose of the Investment Incentive Agreement (IIA) is to actualize government’s initiative of attracting and encouraging investors to invest in the country.The agreement was signed by the Ministry of Finance and Development Planning and the National Investment Commission, and attested by the Ministry of Justice on behalf of the Executive Branch of Government.The investment contract is intended for the construction, development and maintenance of a 210-room state-of-the-art hotel and resort in Marshall, Margibi County and other recreational facilities.“These recreational facilities when completed will develop the tourism sector, will provide jobs, generate revenues, provide opportunities for Liberians to showcase their talents and improve the livelihood of the citizens,” the President wrote.“The aim and objective of this Investment Incentive Agreement is to develop and put Liberia’s hotel and tourism sectors on par with other developed nations, encourage the construction of facilities that will attract world leaders and other world dignitaries to consider hosting major conferences and other global activities in Liberia.“Mr. Speaker, this Investment Incentive Agreement that is in line with Liberia’s relevant laws and public policy appertaining thereto, compliments the development plan of the hotel and resort sector of Liberia thereby attracting tourists.“As government commits to creating jobs and a sustainable economic environment, the passage into Law of this Investment Incentive Agreement will demonstrate Liberia’s commitment and implementation in that endeavor.”Following the reading and acceptance of the instrument, plenary agreed to a motion proffered by Hon. Clearance Massaquoi to forward it to the Committees on Investment and Concession, Judiciary, Broadcasting and Tourism, and Ways, Means, Finance and Development Planning to review and advise the body within two weeks.The MGI is comprised of Liberian professionals with a common objective of developing an organized, committed and focused institution, MUSONS GROUP, Incorporated, which was established on August 5, 1996. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

first_imgIT’S a stunningly beautiful day across Co Donegal as the incredibly mild weather continues.Daffodils are thriving in the gardens and parks across the county as they bloom two months early.And Met Eireann says the spring-like weather is set to continue, though there may be some night-time frosts – not unusual for this time of the year. If you are out and about today, send us in your pictures to info@donegaldaily.com.Temperatures will rise to a lovely 11C this afternoon before dropping away later.MET EIREANN FORCAST FOR THE REST OF THE WEEK: The outlook is for generally mild conditions for the time of year, with a good deal of dry weather. There’ll be outbreaks of rain overnight on Tuesday night, but the rain will clear all but northwestern parts towards dawn Wednesday. Temperatures will be higher than usual for the time of year and it will be rather cloudy on Wednesday. There may be some light rain or drizzle at times, mainly in western areas, but most places will be dry. It’ll be mostly dry on Thursday too, but rain and drizzle will affect parts of north Ulster. It will turn cold then on Thursday night with a slight or sharp frost developing under cloud breaks as winds will be light and some mist or fog will possibly form also. Friday will be mostly dry again, temperatures will be around normal for the time of year, perhaps a little below in places, and it will be cold over night with a sharp frost forming. The further outlook is for a cold and frosty weekend but it should be mainly dry.  © 2011 donegaldaily.com, all Rights ReservedThe copying, republication or redistribution of donegaldaily.com Content, including by framing or similar means, is expressly prohibited by law. Follow us on www.twitter.com/donegaldailyFollow us on www.facebook.com/donegaldailySell anything on www.donegaldailyclassifieds.comIT’S A BEAUTIFUL DAY: DAFFODILS UP AS SUN SHINES ON DONEGAL was last modified: January 9th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:daffodils bloom in Januaryweather donegallast_img read more

first_img Gov. Arnold Schwarzenegger will have 14 days to set a date for an election to replace Cunningham, the Governor’s Office said. The case began when authorities started investigating whether Cunningham inflated the price of his home in Del Mar when he sold it to defense contractor Mitchell Wade for $1,675,000 in 2003. Wade later put the Del Mar house back on the market and sold it after nearly a year for $975,000 – a loss of $700,000. Though the plea documents do not name the alleged co-conspirators, details such as business addresses and occupations make some of their identities apparent. One was Wade, who served as president of MZM Inc., a Washington, D.C., firm that does classified intelligence work for the military. The documents also suggest that another conspirator was Brent Wilkes, an associate of Wade’s who headed a defense contracting company called ADCS Inc. that also provided campaign cash and favors to Cunningham while reaping valuable contracts. ADCS specializes in turning paper records into digital files. Wilkes also owned a small private air carrier, Group W Transport, that flew Cunningham and other lawmakers – including former House Majority Leader Tom DeLay, R-Texas – to fundraisers and other events in a Lear jet, The San Diego Union-Tribune has reported. Another co-conspirator appears to be New York developer Thomas Kontogiannis. Cunningham wrote to prosecutors in 2000 on Kontogiannis’ behalf when the developer was under investigation in a bribery and kickback scheme involving school computer contracts. Kontogiannis ultimately pleaded guilty to fraud charges. Cunningham later made $400,000 selling his 65-foot flat-bottom riverboat to Kontogiannis. Meanwhile, a mortgage company run by Kontogiannis’ nephew and daughter helped Cunningham finance the condominium in Virginia and his house in Rancho Santa Fe. Attorneys for Wilkes and Wade declined comment Monday and an attorney for Kontogiannis did not immediately return a call for comment. The plea said checks from conspirators to Cunningham were often made out to his company, Top Gun Enterprises Inc., which sold his book “Fox Two,” $595 Buck knives emblazoned with the congressional seal and other memorabilia over the Internet. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! SAN DIEGO – Rep. Randy “Duke” Cunningham, a Vietnam War ace and eight-term congressman, resigned Monday after pleading guilty to taking $2.4 million in bribes from defense contractors and others that went to pay for a condominium in Virginia, a Rolls-Royce and other luxury items. Prosecutors said Cunningham, a Republican, used his influential position as a member of a House Appropriations subcommittee to secure defense contracts worth tens of millions of dollars for people who bribed him. “In my life, I have had great joy and great sorrow. And now I know great shame,” Cunningham said, choking up as he announced his resignation outside federal court. Until entering his pleas, Cunningham had insisted he had done nothing wrong. The case grew from an investigation into the sale of Cunningham’s home in wealthy Del Mar to a wide-ranging conspiracy involving payments in checks totaling more than $1 million, cash, vacations and antiques from four alleged co-conspirators whom prosecutors did not identify by name. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals Among other things, Cunningham admitted in his plea agreement that he was given $1.025 million to pay down the mortgage of a five-bedroom, eight-bathroom Spanish colonial estate he bought with money from the Del Mar home sale; $200,000 as a down payment for an Arlington, Va., condo; $13,500 to buy a Rolls-Royce; and $2,081 for his daughter’s graduation party. Just before resigning, Cunningham entered pleas in U.S. District Court to charges of conspiracy to commit bribery, mail fraud and wire fraud, and tax evasion for underreporting his income in 2004. The tax evasion charge came after Cunningham reported joint income with his wife of $121,079 and claimed he was due a refund of $8,504. Prosecutors said his income was $1,215,458 and that he owed $385,077 in taxes. “He did the worst thing an elected official can do – he enriched himself through his position and violated the trust of those who put him there,” U.S. Attorney Carol Lam said in a prepared statement. Cunningham, 63, was released on his own recognizance until a Feb. 27 sentencing. He could receive a maximum sentence of 10 years in prison. In his statement, Cunningham said he will cooperate with authorities in the investigation and would like to begin serving a prison term. last_img read more