Britannia acquires Deltec line of business

Britannia Bank & Trust Ltd. and Deltec Bank & Trust Limited confirmed yesterday that an agreement was executed for the acquisition of Deltec Bank’s private clients line of business and certain assets by Britannia.Jose Francisco Herrera, Britannia’s CEO, marked the occasion as a significant step in Britannia’s growth objectives. “We are very excited about taking on this business under the Britannia portfolio, and are equally thrilled about growing our client base.”According to Britannia’s Chairman Julian Francis, “The business we are in requires that we grow to sustain viability. Portfolio acquisition is an important part of this growth strategy.”Francis, former governor of The Central Bank of The Bahamas, went on to say: “We are excited about this opportunity to expand our Bahamian business. Initially, we will engage Deltec Bank’s team related to the business being acquired. Naturally, over time there will be some restructuring in the best interest of the business.”Britannia emphasized that they are not acquiring Deltec Bank as an institution, but that this is a purchase of virtually all of Deltec Bank’s business lines.“We look forward to offering Deltec Bank’s clients new and innovative approaches to managing their portfolios,” said Francis.Odetta Morton, CEO of Deltec Bank, expressed the company’s elation: “Our dynamic and hard-working team will be engaged by Britannia, and we view this transaction as creating one of the most dynamic and differentiated banking and trust ecosystems across the globe”.She added, “We believe that this will result in an optimal path for continuing to deliver best-in-class service, technology, and access to global markets. This will, in turn, benefit our global clients, stakeholders, and employees.”The completion of this transaction is subject to regulatory approvals.

Science building raises concerns

NE science faculty have mixed feelings about the new science building being built on their campus.The new building will house labs while the old buildings will be renovated into classroom spaces.
One point of conflict lies in the implementation of shared office spaces. These “faculty neighborhoods” will get rid of private offices, which has raised concerns among some instructors, including chemistry professor Susan Patrick.
“I don’t like it. That’s one of the things I’m most nervous about because it just feels like students will be less likely to come to see you,” Patrick said.
These neighborhoods require students to make appointments to speak with professors. If a professor wishes to meet with a student privately, they must go into a “focus room,” which does not allow for personalization.
Patrick often uses the books in her office to help students or she might look something up on her computer. With the neighborhood model, she would have to go back to her shared office to grab materials.
“I won’t have what I need,” she said. “I’m afraid that that’s going to be a huge issue.”
NE physics professor Raymond Benge echoed the sentiment. He recalled the issues his colleagues at SE Campus faced when the neighborhoods were situated on their campus.
“You can’t just shut the office door and work on things, and so they’re complaining that their productivity has drastically dropped off,” he said. “Their interaction with students has dropped off because people can’t just walk up and say, ‘Hey, can I speak to you?’ because they’re locked up behind doors.”
NE biology professor Lara Kingeter said she wants to serve students in the best way she can and feels the shared office spaces could make that harder.
“It might make students more reluctant to seek us out if they know that they are in a more public setting than a faculty office space,” she said.
Aside from the shared office spaces, Kingeter said she is excited about the new building because labs are integral to her teaching model.
The current labs are not optimal, according to Patrick, who also relies on labs for chemistry. She said the labs have problems with equipment, including sinks, drawers and drains.
“The labs need to be gutted, basically,” she said. The new labs plan to implement podsor clusters instead of the long rows of benches of the current setup.
Kingeter said this will allow instructors to increase interactivity in their classrooms.
“It will make it easier for the instructor to get to every student and give them that attention and that feedback. So we’re very excited from that perspective,” she said.
Kingeter also said having updated lab equipment is essential.
“We want to be able to present [students] with the opportunity to interact with instruments and perform experiments that are more relevant to what’s happening today in the field,” she said. “So just having that space, having that additional capacity, is going to help us advance our curriculum.”
Additionally, the new labs will offer more space for biology, which means they will be able to offer more classes.
However, Benge said the lab setup for his subject, physics, is adequate and he is not happy about being forced to move to new facilities.
“Physics and geology, we’re happy with the labs that we got,” he said. “It might be kind of nice to have new furniture and so forth, but that’s a very small thing. … We’d be perfectly happy to build it as a chemistry, biology building, and then leave us where we’re at.”
Geoscience professor Kevin Barrett is in the same boat. He said the current lab setup is perfect for what they do. However, the new building will house a new computational lab which could help enhance some geoscience classes, and some physics classes.
Barrett also mentioned that the construction of the new building is avoiding taking up too much green space.
“Whenever you’re putting a building on green space, it can become an issue with flooding and runoff pollution,” he said. “They’re trying to make it as small of a footprint in that area as possible, and they’re leaving some of the existing trees.”
NW Campus had a new science building built on their campus which came with some drawbacks.
NE Campus faculty are in communication with them so they can avoid similar problems in their new building. Alexandar Bauman, learning lab manager on NW Campus, said the cabinets wereplaced too high in the labs and the faculty neighborhoods were not what people wanted.
“They didn’t really fix any issues and they introduced more issues,” he said.
There were some safety concerns such as an issue with contaminated water because the water lines were not flushed properly, which created problems at the safety eye wash as well as concerns about glass panes that didn’t allow room to hide in the case of an active shooter.
“Both of those issues have been addressed,” he said. “It’s still not as safe as the old building.”
Baumann said the experience was not as positive as it should be, but the faculty were able to get used to it.
“We found ultimately that the functionality remains and students are able to learn,” he said. “We just had to pivot.”
Baumann urged NE Campus science faculty to push for changes.
“There are people who care who are working to solve the problems,” he said.
Kingeter said it’s going to be a big challenge for faculty to move to the new building. She said she understands the diversity of opinion regarding the change.
“[We should] work together to come to some common ground and make sure that everybody’s needs are being considered and addressed as best as possible,” she said.

Math and Computer Science Prize Winners Discuss Climate Change and AI with Young Scientists in Heidelberg

Climate change and artificial intelligence are in the focus of the 11th edition of the Heidelberg Laureate Forum (HLF), which brings together 25 winners of the most prestigious prizes in mathematics and computer science with young scientists in Heidelberg, Germany. The forum opened officially on September 22 and will be on until September 27.
During the ongoing week, 200 young researchers in mathematics and computer science are exchange ideas and experiences with laureates of the Abel Prize, the Association for Computing Machinery (ACM) Turing Award, the ACM Prize in Computing, the Fields Medal and the Abacus Medal (formerly the Nevanlinna Prize). 
The participating young mathematicians and computer scientists from around the world are selected for the HLF through а competition. In Heidelberg, they have an opportunity to present projects they are working on in a condensed poster format, and to have them critiqued by the most distinguished professionals and researchers in the field.
The programme includes presentations, discussions and informal talks.
The main themes of this year’s Forum will be the focus of two of the discussions: Understanding the Climate Crisis, and The Paradox of Artificial Intelligence.
The Heidelberg Laureate Forum Foundation organizes the event every year. The Foundation was established and is funded by the Klaus Tschira Stiftung, which promotes and supports the natural sciences, mathematics and computer science. HLF’s scientific partners are the Heidelberg Institute for Theoretical Research and the University of Heidelberg. The HLF is supported by ACM, the International Mathematical Union and the Norwegian Academy of Sciences.  
/NF/

Centexs Lundu to support Sarawak’s aerospace faculty, youths urged to embrace space science

Abang Johari called upon the local youths to seize this opportunity to learn about space science. – File photo by Sarawak Public Communications Unit
KUCHING (Sept 25): The Centre for Technology Excellence Sarawak (Centexs) campus in Lundu will provide support and essential services for i-CATS University College’s aerospace faculty, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
In highlighting the importance for Sarawak to have its very own aerospace faculty in tandem with the emerging aerospace technology, Abang Johari called upon the local youths to seize this opportunity to learn about space science.
“We are opening a specialised study centre for all matters related to aerospace technology, including the production of aircraft components and electronic aviation equipment.
“Therefore, the youths of Sarawak should seize this opportunity to learn about space science, especially space technology,” he said at the 26th Sarawak Skills and i-CATS University College convocation ceremony at the Borneo Convention Centre Kuching here today.
The Premier’s speech was read by state Minister for Education, Innovation and Talent Development Dato Sri Roland Sagah Wee Inn, who represented him at the event.
“The space industry, also known as the satellite industry, requires robust support services,” said the Office of the Premier of Sarawak in a separate statement.
“To this end, the Sarawak Skills group of institutions, through i-CATS University College, has established an aerospace faculty focusing on key Science, Technology, Engineering, and Mathematics (STEM) subjects such as astronomy, physics, chemistry, and algorithms,” it added.
The Sarawak government is committed to develop the space industry in line with Prime Minister Datuk Seri Anwar Ibrahim’s decision to designate Sarawak as a satellite launch site.

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Local Asian grocers business-as-usual despite grocery giant coming to London

Owners of local Asian grocery stores say that the opening of a new Asian-focused supermarket in London is an important step in bringing more international food options to the city.London’s first T&T Supermarket is set to open on Oxford Street on Friday and some competing grocery businesses are happy to see its arrival. “I think it’s a good opportunity for people to see something new and for them to have another chance to go shopping at other stores,” said Siriya Sritharang, the owner of Thai Asian Grocery and Boba House. “My customers feel excited,” she said. “They say it’s good news because people need something new.”T&T, originally started in B.C. and owned by Loblaw Companies Ltd., will be the largest Asian grocery store in the city.It’s a reflection of the growing Asian population in London.”When we started the business, we didn’t have plenty [of Asian customers] at that time,” said Alvin Bongay, the owner of London-Asian Foods, which opened six years ago.Alvin Bongay is the owner of London-Asian Foods, which specializes in Filipino food and cooked dishes.

House Republican urges Small Business Administration to enhance rural outreach

EXCLUSIVE — A Missouri House Republican is pushing for the Small Business Administration to reach out to rural communities in the United States in legislation set to be unveiled Wednesday.Rep. Mark Alford (R-MO) will introduce the Rural Innovation and Small Business Support Act, shared first with the Washington Examiner, that seeks to enhance the outreach of federal agencies to rural communities for key initiatives such as the Small Business Innovation or Small Business Technology programs.”Small businesses and entrepreneurship are the fabric of America,” Alford said. “Too often, the opportunities to contract with the federal government are limited to coastal cities. The Rural Innovation and Small Business Support Act will force the government to include rural Americans in key SBIR and STTR programs.”This is the latest step House Republicans have taken to regulate or improve the SBA since taking the majority. The GOP has been hyper-focused on the agency’s voter participation partnerships with key swing states such as Michigan.The inquiries have led Republicans to grill election officials over voter integrity and whether the SBA is working on behalf of the Biden-Harris administration to keep states such as Michigan under Democratic control, particularly when President Joe Biden was still the presumptive Democratic presidential nominee.Featured Local SavingsCLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINERRepublican leaders from both the House and Senate Small Business committees have threatened to subpoena key SBA officials over the agreement with Michigan, calling it “politically motivated.”Biden trailed former President Donald Trump by 3 percentage points according to an Emerson College poll released on the same day Congressional Republicans threatened a subpoena and just three days before Biden dropped out. Now, Vice President Kamala Harris holds a slight lead over Trump, 48% to 45%, per a USA Today/Suffolk University poll released Tuesday.

Deep Ocean Sound Confused Scientists For Years. We Finally Know What Makes It.

A mysterious sound heard booming from deep under the ocean waves has finally been traced to a fascinating source.First recorded in 2014 in the west Pacific, the “biotwang” is actually the call of the Bryde’s whale (Balaenoptera brydei) traveling long distances in the open ocean. What’s more, the techniques used to identify the sound have led to the development of a new tool for understanding whale populations and how they move about in and inhabit Earth’s enigmatic seas.

“Bryde’s whales occur worldwide in tropical and warm temperate waters, but their population structure and movements are not well understood,” writes a team led by biological oceanographer Ann Allen of NOAA Pacific Islands Fisheries Science Center in Hawaii.

“Our results provide evidence for a pelagic western North Pacific population of Bryde’s whales with broad distribution, but with seasonal and inter-annual variation in occurrence that imply a complex range most likely linked to changing oceanographic conditions in this region.”
The ocean is full of strange noises, but biotwangs – strange, mechanical-sounding features above a certain frequency – have been a particular puzzle. They were first picked up in the Mariana Archipelago during an autonomous sound survey conducted by Oregon State University; two years later, with only the sound recordings to go on, scientists presumed the culprit was likely some sort of baleen whale.

Then, in 2018, NOAA scientists conducting a marine mammal survey in the Mariana Archipelago thought they might have narrowed it down. During the month-long survey, they saw 10 individual Bryde’s whales, and recorded biotwangs that seemed related to nine of them.Bryde’s whale breaching the surface in gulf of Thailand. (MarineMan/Getty Images)That’s pretty strong evidence. But just a little bit more was needed.

Now, the ocean isn’t exactly easy to study. It’s a pretty hostile environment to humans; we can’t just go poking around in it. But NOAA has been conducting ongoing monitoring of the ocean for a long time, and 23 years ago, they installed a new system off California’s coast to remotely keep track of the soundscape.

Using long-term passive acoustic recorders, the agency has kept an ear out for populations of marine mammals in distant locations that are very hard for humans to access. Sound waves travel further through water than they do through the atmosphere, so researchers can catalog a wide variety of acoustic information from far across the ocean.

If Bryde’s whales are the source of the biotwangs, then the sounds should have been recorded by the monitoring project, and they should be consistent with the whales’ migration patterns. frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen >But there’s a big problem. Multiple recorders running for more than two decades produce an incredible volume of data. In order to comb through it all and find the signals they were looking for, Allen and her colleagues enlisted the aid of Google to design an algorithm that could pore over the data and tease out the biotwangs.

“Thanks to AI we were able to do it in a matter of hours, rather than years,” NOAA wrote in a blog post.

“We identified a consistent seasonal presence of biotwangs only in the Mariana Archipelago and to the east at Wake Island. This suggests the biotwang may be a call specific to a western North Pacific population of Bryde’s whales… The seasonal occurrence of biotwangs is consistent with Bryde’s whales migrating between low and mid-latitudes. There is a small peak between February and April, and a larger peak between August and November, as the whales travel past the recording sites.”

The calls of other populations of Bryde’s whales have been recorded over the years. The calls of this western North Pacific population seem to be akin to a whale dialect, used by no other population recorded to date.

Having traced the sound to its source gives the scientists a new way to track and understand the population distribution and migration patterns of Bryde’s whales around the world. In addition, the AI tool can be tweaked to identify other sounds, and their temporal patterns, to figure out where other marine mammals are going and when.

Scientists hope that this information will help them, in turn, figure out ways to protect the amazing giants that inhabit our world’s wild oceans.The research has been published in Frontiers in Marine Science.

NBR aims to boost low tax-to-GDP ratio amid business scrutiny

The National Board of Revenue (NBR) is intensifying its efforts to combat tax evasion, aiming to enhance its capacity in addressing the country’s low tax-to-GDP ratio. Currently, the NBR is grappling with capacity constraints that are limiting its ability to tackle all suspected cases of tax evasion at once.As part of this renewed focus, the NBR has been scrutinizing prominent business figures. On August 22, the NBR instructed banks, financial institutions, and the National Savings Authority to provide detailed financial records of five high-profile business tycoons and their family members.They include Summit Group Founder-chairman Aziz Khan, Orion Group Chief Mohammad Obaidul Karim, Beximco Group Co-Founder and Vice-Chairman Salman F Rahman, Nassa Group Chairperson Nazrul Islam Mazumder, and Bashundhara Group Founder Ahmed Akbar Sobhan. The Central Intelligence Cell (CIC) of the NBR initiated this move to closely monitor the financial activities of these figures, suspecting potential tax evasion. Under Section 200 of the Income Tax Law 2023, the NBR is legally empowered to request bank account information linked to a taxpayer’s Taxpayer Identification Number (TIN) if there are suspicions of tax evasion.Banks and non-bank financial institutions (NBFIs) are required by law to provide these details, with penalties imposed for any non-compliance by banking officials.Following the fall of the Awami League government amid a student-led uprising, the NBR’s tax zone-15 issued notices for bank account searches related to Awami League Presidium Member Sheikh Selim and the family members of business magnate S Alam. However, further actions on tax evasion, particularly involving corporate taxpayers, have since slowed.NBR Chairman Md Abdur Rahman Khan addressed these concerns on Monday, emphasising the limitations of the board’s current capacity. “You have to understand the capacity of the NBR. If you take all the activities at one go, you would not complete all tasks properly,” Khan told UNB after inaugurating an NBR event. Khan acknowledged the importance of prioritising certain cases, stating that the NBR is currently focused on individuals for whom financial data is readily available. He reassured the public, saying, “We will definitely continue our anti-tax evasion drive on corporate taxpayers.”Khan also noted that the CIC remains active in auditing corporate tax returns and identifying instances of tax evasion, though he stressed that not everything could be handled simultaneously due to resource limitations. “Everything will be done, but this cannot start all at once, as we have some capacity issues,” he said.The NBR’s renewed efforts to curb tax evasion are part of a larger strategy to improve Bangladesh’s tax-to-GDP ratio, which currently stands at just 7.3 per cent-significantly lower than neighboring countries. India’s ratio is 12 per cent, Nepal’s is 17.5 per cent, Bhutan’s is 12.3 per cent, and Pakistan’s is 7.5 per cent.Khan emphasised that curbing tax evasion is essential to elevating the country’s tax-to-GDP ratio to a more respectable level.Another pressing issue is the heavy reliance on indirect taxes, which currently account for 67 per cent of the government’s revenue. Shifting towards a greater reliance on direct taxes is necessary to create a more balanced and fair tax system.Additionally, only 5.2 per cent of Bangladesh’s population is registered as taxpayers, a stark contrast to India, where 23.08 per cent of the population is registered. This low tax registration rate highlights the significant room for growth in expanding the country’s taxpayer base.