News on Hotel Pension

2009-01-05 The New Straits Times Online

The pension has always been considered a just reward for loyal service to the government. Post-Service Division (formerly the known as the Pensions Division) director Datuk Yeow Chin Kiong, however, tells ANIZA DAMIS that pensioners need to give back something to society for the good life that most enjoy

Right now, some pensioners are going to privatised hospitals when the government hospitals dont have the facilities. Its cheaper than sending them overseas, so well bear the cost until such time when government hospitals can provide the same treatment.

www.nst.com.my

The online edition of The New Straits Times, Kuala Lumpur, Malaysia - NST NSTP New Straits Times Online Kuala Lumpur Malaysia

2009-01-05 Midwest humor can shake things up, too - Kansas City Star

I am in Miami this week with my sandy-haired, bright-eyed daughter, staying at an old hotel with an enormous pool, and Air France has a flight to Paris this evening a 747, my favorite plane, with that first-class section on the upper deck, vast leg room, your flight attendant Juliette Binoche serving you Camembert on a baguette with a glass of Pouilly-Fuisse, and so what if it costs usd. 14,000, money means nothing when The End is near. Suction out your pension fund, get a suite at the Ritz, and live on oysters and champagne until the money runs out.

www.kansascity.com

Minnesotans are a humorous people. We are trying to elect a comedian to the U. S. Senate, which is delicate work, as you might guess. You shouldnandrsquo;t sweep a comedian into office on a wave of public adulation any more than you should let him win the heroine in the first reel and fly off to Paris. You need him to move a piano up a long flight of stairs, and thatandrsquo;s what Al Franken - Oped

2009-01-05 Ventura scrambling to fix usd. 4 million shortfall : Ventura : Ventura County Star

The problems include declining sales at the citys Auto Mall, flattening property values and lower-than-projected development fee revenue. Motel and hotel bed taxes also could fall as cash-strapped families stay home.

Compounding the challenge, the Ventura City Council agreed last year to salary raises and costly pension increases for firefighters that will take effect this year and cost taxpayers an additional usd. 1. 2 million.

www.venturacountystar.com

2009-01-05 The Democrat Newspaper

Ten years of work, in my type of employment gives me 520 contributions and qualifies me for a 30 pct. pension. Ten years of construction work and ndash; as it is currently practiced and ndash; yields 480 contributions and does not qualify the worker for a pension, just for a grant. Twenty years of work would get me 45 pct. of the average of my best 3 years wages of my last 15 years of work as pension; it will get the construction worker 40 pct.

www.pamdemocrat.org

2009-01-04 Dominic DAlessandro Man of the Year

Mr. DAlessandro joins an impressive list of past Ivey Business Leader Award recipients, including Claude Lamoureux, former president and CEO, Ontario Teachers Pension Plan; Isadore Sharp, founder, Four Seasons Hotels Inc. ; Peter Godsoe, former chair and CEO, Bank of Nova Scotia; Gwyn Morgan, president and CEO, EnCana Corp. ; HarrisonMcCain, chairman, McCain Foods Ltd. ; G. WallaceMcCain, chairman, Maple Leaf Foods Inc. ; and Prem Watsa, chairman, Fairfax Holdings Ltd.

www.financialpost.com

Canadas top business executives came out to honour Dominic DAlessandro, president and CEO, Manulife - Manulife Financial Corporation Financial Services Sector Dominic DAlessandro John Hancock Financial Services Inc. Toronto Four Seasons Hotels Inc. Canada Business United States Carol Stephenson

2009-01-01 Sippable hotel rooms offer high income for pension investors

Assetz Development, in a joint-venture with a specialist hotel contractor, is developing a chain of new budget-boutique hotels, starting in Preston city centre and being sold as individual rooms for direct purchase by individual investors or their pensions. No personal usage is permitted. Classed as commercial property and approved as a permitted SIPP (Self Invested Personal Pension) holding, this hotel room investment offers high net yields in the region of 6-8 pct. or more. Within a SIPP, investors can take advantage of tax exempt income and inflation driven capital growth, as well as basic rate tax relief on contributions. Additional tax relief is available for higher rate tax payers.

www.easier.com

2009-01-01 It was a sideways year, but there is still room for optimism

The global banking system came to the brink of collapse and isnt immune to another crash. Terrorism is still a global threat, as we saw in the nightmare in Mumbai, India, where tourists in five-star hotels and hostels were slaughtered. You can bet that bloodbath inside so-called "soft targets" will add millions to the cost of keeping Vancouver safe for the 2010 Olympics.

Real estate, the nest egg of most families, has begun its slide and nobody really knows where the bottom is. Our RRSPs and pension plans have taken major hits from the meltdown of world markets. The countrys probably in recession.

www.canada.com

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2009-01-01 PRESS DIGEST - British business - Industries Technology, Media and Telecommunications Reuters

Bespoke, which runs 11 hotels, will acquire 13 of Folios properties, but will take on management contracts rather than the long term leases. MCR also confirmed Folios management, led by co-founder Nicholas Crawley, was in talks to take on the Folio name and the remaining hotels.

Folio Hotels will be carved up between its management and Bespoke Hotels, in deals which will preserve up to 2,000 jobs. Folio called in administrator MCR four weeks ago.

www.reuters.com

HBOS PENSION FUND COULD DELAY TAKEOVER The takeover of HBOS HBOS. L by Lloyds TSBLLOY. L could be delayed by legal moves as HBOS pension fund trustees attempt to gain better protection - Bruce Reidford Guy Hands James Packer Martin Gilbert Nicholas Crawley Stuart Rose

2008-12-30 The Daily News Online Area News Public Meetings to Jan. 2)

Longview Fire Pension Board: 9 a. m. , Mayor and rsquo;s Office, City Hall, 1525 Broadway.

www.tdn.com

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2008-12-29 10 trends to stretch the money in your pocket - The Irish Times

Expect to see more people planning staycations in 2009. We have had two appalling summers in a row, so, statistically at least, the chances of our having another one as bad have to be at least a little bit more remote. With fuel surcharges still in place on many airlines, and extra charges for once-free services, such as baggage check-in and adjacent seats, now commonplace, expect more people to throw their hat at it altogether next year. The hell of air travel, coupled with a growing number of empty Irish BBs and budget hotels, should ensure that more of us stay in Ireland next year, which is one reason why many tour operators have already started scaling back their overseas offerings.

www.irishtimes.com