The Wilmington Insider For June 14 2018

first_imgWILMINGTON, MA — Below is a round-up of what’s going on in Wilmington on Thursday, June 14, 2018:Happening Today:Weather: Increasing clouds, with a high near 80. West wind 9 to 13 mph, with gusts as high as 26 mph.At Wilmington Town Hall: The Wilmington Recreation Commission meets at 5pm in Town Hall’s Room 9. Read the agenda HERE.In The Community: The Wilmington Minutemen Co. is hosting its annual Flag Retirement Ceremony at 7pm at the Wilmington Minuteman HQ (intersection of Rte. 62 and Woburn St., behind the Harnden Tavern).For the past year, Wilmington Minutemen has been collecting unservicable U.S. Flags and will have a short ceremony to retire by burning torn and worn US Flags. If people have flags they would like to retire, everyone is encouraged to bring them to this event. This event is open to everyone, with a special invitation to the young organizations and youth in general.For more information, please call Company Sgt. Frank West at 978-658-1754.Worn flags can be dropped off for proper retirement year around at the Wilmington Post Office and Wilmington Town Hall.In The Community: Do you like to sing? Do you enjoy performing? Come join the Merrimack Valley Chorus at one of its regular weekly rehearsals. You just might discover a passion for a cappella singing, and you’ll also make some great new friends! Open rehearsals are every Thursday at 7pm at the Wilmington Arts Center (219 Middlesex Avenue).In The Community: The Town Beach is open today.  Lifeguards are on duty from 10am to 8pm. Admission is FREE for residents. Proof of residency is required. Learn more HERE.At The Library: Social Security: What You Need To Know at 7pm. [Learn more and register HERE.]At The Senior Center: Walking Group at 8am. Computer Class at 9:15am. Intermediate Bridge Group at 9:30am. Art Class at 10am. Aerobics at 10:30am. Knitting/Crocheting at 11am. Ceramics at 1pm. Game Day at 1pm. Stress Management at 1pm. [Learn more HERE.]At The Town Museum: The Wilmington Town Museum is open from 10am to 2pm.Live Music: Larry Gilbert performs at Rocco’s Restaurant & Bar (193 Main Street) beginning at 6pm. … Pianist Ricky Lauria performs at Tremezzo Ristorante (2 Lowell Street) beginning at 8pm.(NOTE: What did I miss? Let me know by commenting below, commenting on the Facebook page, or emailing wilmingtonapple@gmail.com. I may be able to update this post.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedPUBLIC INVITED: Wilmington Flag Retirement Ceremony To Be Held On June 14In “Community”5 Things To Do In Wilmington On Friday, June 14, 2019In “5 Things To Do Today”VIDEO: Watch Wilmington Minutemen’s Flag Retirement CeremonyIn “Video”last_img read more

Air India Looks to Raise ₹1200 crore from Real Estate Sales to

first_imgDebt-ridden Air India Ltd has planned on selling some of its real estate assets in the country as well as abroad. This move is expected to help the struggling government-owned carrier to raise around ₹1,200 crore in the next two years, said sources close to the matter.Air India has also obtained the approval of the ministry of civil aviation to sell its properties in Chennai, Coimbatore, and Mumbai.”Selling real estate properties is one among three plans suggested by the government to turn around the airline. Real estate monetization is critical as it would save at least ₹300 crore in terms of interest as the airline has plans to use these proceeds to settle a part of high-cost loans,” a source said, according to Live Mint.Experts say that Air India’s attempt to monetise real estate assets to trim debt and reduce interest costs may prove difficult.The country’s third largest airline is struggling with a huge debt of around ₹40,000 crore as of 31 March and is expected to see a turnaround by 2018-19.It appears that the company is planning to “raise some rupee bonds” and sell a part of its fleet to reduce debt, besides selling properties in the three cities.The state-owned airline actually planned to sell properties amounting to ₹5,000 crore by March next year, but did not get through because of delays in approval from the concerned authorities.In January 2013, Air India roped in real estate consultant DTZ International Property Advisors Pvt Ltd to assist it in disposing of some of real estate properties.”In the last two to three years, a number of corporates who haven’t got adequate cash flows from their core businesses have divested real estate assets to raise capital,” said Rajeev Bairathi, executive director, capital transactions group, at property advisory Knight Frank India.The domestic airline is also considering selling its properties in New Delhi, which include office and reservation building, and housing quarters for staff in Vasant Vihar. It is also looking to sell staff housing quarters in Navi Mumbai and Chennai.”It may not be easy for Air India to sell its assets because they have a mixed bag of assets, including apartments, and not all are clear land parcels. While there is demand for clean titled land parcels, there may not be many takers for other kinds of properties in a slowdown scenario,” said property consultant familiar with the matter.Air India is planning to sell properties present in other countries such as Hong Kong, Nairobi, Mauritius, London, and Tokyo.”Air India is expecting to get at least ₹88 crore for Sterling Apartments in Mumbai, while the Anna Salai plot in Chennai is likely to fetch ₹108 crore. Our Coimbatore plot should fetch ₹20 crore. The majority of money should come from overseas properties,” the source added.last_img read more

16th amendment verdict shakes govt Khandker Mahbub

first_imgKhandker MahbubThe 16th amendment annulment verdict has shaken the government in such a way that Bangladesh Nationalist Party (BNP) has considered this an opportunity to reap benefits out of it.BNP vice chairman and former president of the Supreme Court Bar Association (SCBA) Khandker Mahbub Hossain said this in an interview that came up in Prothom Alo print edition on Wednesday.Prothom Alo joint editor Mizanur Rahman Khan took the interview on the 16th amendment annulment verdict that scrapped parliament’s power to remove judges on the grounds of misconduct and incapacity.”I think that the observations made in the verdict are accurate and timely. The chief justice in his observations depicted a true picture of irregularities and injustice prevailing in society,” said Mahbub Hossain.When his attention was drawn to the observation made by justice Hasan Foez Siddique that Bangladesh lost its character as a sovereign and people’s republic during the autocratic rules of Ziaur Rahman and HM Ershad, the BNP leader said this observation has grieved them.”We are aggrieved at this observation. Ziaur Rahman had built friendly relations with the neighbouring country and taken all-out measures to protect the sovereignty. We are scrutinising the pros and cons of the verdict,” he said.Asked about the allegation of ruling Bangladesh Awami League (AL) that the BNP is using the verdict for its political goal, Mahbub said, “BNP is not doing politics centring on the verdict. Maybe, our party is trying to gain a political leverage from it.”He said, “The government is so shaken by the judgement that we see this as an opportunity.”Asked why the BNP is considering the verdict a historic one whereas it branded its founder Ziaur Rahman as a usurper, Mahbub said the independence of judiciary is the basic pillar of an independent democratic society and the 16th constitutional amendment was a big blow to the judiciary.Asked if the BNP would seek to expunge observations that go against Ziaur Rahman and the BNP, the party vice chairman said observations are the opinions of the judges. It will contain both good and bad. “I think BNP will take a decision after a thorough scrutiny of the verdict.”Mahbub Hossain went on to say, “The verdict accurately reflects the socio-political condition of the country. In which, it has been said in an oblique reference to Bangabandhu that no achievement can be made by a single person. And Zia’s name came in the observation by the way of talking about the martial law.”*The article is rewritten based on the interview by Rabiul Islamlast_img read more

President PM mourn death of Ershad

first_imgPresident M Abdul Hamid (L) and prime minister Sheikh Hasina. BSS File PhotoPresident Abdul Hamid and prime minister Sheikh Hasina on Sunday expressed deep shock and sorrow at the death of leader of the opposition in parliament and Jatiya Party chairman HM Ershad, reports UNB.In a condolence message, Sheikh Hasina recalled Ershad’s constructive role in parliament as the opposition leader.In separate messages, the president and the prime minister prayed for salvation of the departed soul and expressed deep sympathy to Ershad’s bereaved family members.The foreign minister, speaker, deputy speaker and the chief whip also mourned the death of former president of the country.The former president of Bangladesh and Jatiya Party chairman Hussain Mohammad Ershad breathed his last at Combined Military Hospital in Dhaka on Sunday morning. He was 89.JP presidium member and Ershad’s relative Khaled Akhter told Prothom Alo that the former president passed away around 7:45am.last_img read more