Building the world’s biggest MPA: Q&A with Goldman winner Jacqueline Evans

first_imgIn July 2017, the South Pacific nation of the Cook Islands made a bold bid to convert its entire territorial waters, the exclusive economic zone (EEZ), into a mixed-use marine protected area.Called Marae Moana, or “sacred ocean,” the MPA spans almost 2 million square kilometers (772,200 square miles), making it the biggest in the world, although only parts of it are strictly protected from fishing and other extractive activities.Jacqueline Evans, a marine conservationist, was the driving force behind the MPA.This week, Evans was awarded a prestigious Goldman Environmental Prize for her work on Marae Moana. This story is part of a series on Marae Moana, the massive, recently enacted multiple-use marine protected area covering the Cook Islands’ entire exclusive economic zone. Other stories in the series:Will a massive marine protected area safeguard Cook Islands’ ocean?Paradise, polluted: Cook Islands tries to clean up its tourism sectorGive it back to the gods: Reviving Māori tradition to protect marine lifeCook Islands MPA leader fired after supporting seabed mining freezeThe South Pacific archipelago of the Cook Islands might seem a diminutive site from which to launch and manage the largest multi-use marine protected area (MPA) on Earth. The country’s land area is only 240 square kilometers (92.7 square miles), and fewer than 15,000 people live there full-time.But the ocean these islands sit within is immense, and their exclusive economic zone (EEZ) spans almost 2 million square kilometers (772,200 square miles) — an area similar in size to the landmass of Mexico. And in Polynesian cultural imaginaries, this ocean is not seen so much as a barrier or boundary, but a source of connection, expansion and sustenance.Seen that way, the country’s bold bid to convert its entire EEZ into a mixed-use MPA in July 2017 — the world’s largest to date — is perhaps less of a surprise. Called Marae Moana, or “sacred ocean,” the initiative is angling for a paradigm shift in how Pacific peoples manage their ocean. Rather than setting aside pockets of protection in an expanse of industry, Marae Moana’s leaders are hoping to run things the other way around: with protection as the rule, rather than the exception.This is significant in a place where foreign commercial fisheries make up an important part of the economy but are impacting local fish stocks, especially when they fish close to the islands’ shores. They’re also criticized for employing few residents and taking the lion’s share of profits overseas. Under Marae Moana, commercial fishing is still permitted in much of the EEZ, but is banned within a 50-nautical-mile (93-kilometer) radius around each island, and fishers will be subject to more stringent environmental regulations than previously.The initial concept for Marae Moana was decidedly more modest. In 2012, Cook Islands Prime Minister Henry Puna announced a much less ambitious proposal: to create an MPA around the archipelago’s southern islands.But many were concerned that the country’s main large-scale commercial fishing grounds in the north were left out. That’s when a team of marine conservation advocates stepped up and began a five-year campaign to broaden protection of the country’s ocean territory. With local celebrity and former rugby league star Kevin Iro fronting the campaign, much of the legwork was done by marine conservationist Jacqueline Evans.Jacqueline Evans. Image courtesy of Goldman Environmental Prize.Evans, 48, grew up in New Zealand and moved to the Cook Islands, where her mother was from, when she was 15. She’s spent most of her career in various corners of the close-knit Cook Islands conservation scene, beginning as a fisheries surveillance officer for the Ministry of Marine Resources and then working in various posts at the Cook Islands Conservation Service, the Cook Islands News, the World Wide Fund for Nature and the Ministry of Health. Before devoting herself full-time to Marae Moana in 2014 with the Marae Moana Establishment Trust, she was the director of the country’s first environmental NGO, the Te Ipukarea Society.During the five-year campaign, Evans traveled widely across the archipelago with a team comprising traditional leaders and representatives of NGOs and governments to build public support for the Marae Moana concept. She sought to integrate community priorities and traditional marine management practices such as ra’ui, a system of taboos and protections over particular areas and/or species determined by community chiefs.Despite opposition and skepticism, especially from government officials who were dependent on fishing licenses for revenue, the campaigners were ultimately successful. Marae Moana was brought into law on July 13, 2017. Since then, Evans, as director of the Marae Moana Coordination Office, has been working on planning and implementing the MPA.On April 29, Evans was announced as one of six recipients of the Goldman Environmental Prize — a prestigious global award for grassroots environmentalists often called the “Green Nobel Prize” — for her work on preserving marine biodiversity and protecting Cook Islands traditions. We caught up with her just before the awards were announced to find out more about her work so far and her hopes for the future.Map shows the Marae Moana mixed-use marine protected area, which covers the Cook Islands entire territorial waters, an area of almost 2 million square kilometers (772,200 square miles). Within Marae Moana are more strictly protected areas around each of the 15 islands, where commercial fishing and seabed mining are prohibited. Image courtesy of Mara Moana Coordination Office.Mongabay: How does it feel to win the prize?Jacqueline Evans: Oh, it’s actually surreal. It’s really strange having so much attention focused on me!What do you feel particularly proud of, in terms of what the prize recognizes?I’m particularly proud of the fact that the communities in the Cook Islands are super happy that they’ve got these protected areas established around their islands … These are 50-mile zones around each island where the long-line and purse seiner fishing boats cannot go fishing. That’s really good for the communities at home. [Editor’s note: Locals will still be able to fish there and will benefit from increased fish stocks.]You’ve been involved in Marae Moana since its inception. Whose baby was it originally, yours or Kevin Iro’s?[Laughs] It’s a shared baby, but it was actually his idea. [He was a] rugby league star overseas, and then he moved home with his family and got really concerned about the state of our marine environment. And he was also sitting on the Board of Tourism, so he saw this as a way to help protect our marine environment and draw some attention [to the country].So then I got on board. He’s a visionary and he’s got celebrity status, but I’m from the environmental science perspective. And I could see how I could help him to make it happen.What was challenging about getting the MPA scaled up to the size that it is today?The scale-up from the initial proposal wasn’t too difficult. Because it was actually the community that asked for that, and the government listened. Even the government officials thought that it made sense, that if it was a multiple-use area, it should be the entire ocean territory.I guess the main challenge we had in terms of closing areas for fishing was the lack of vision that some people had. They couldn’t see the benefits that go up against the negative side, which is loss of some revenue and smaller fishing grounds.An aerial view of Penrhyn, the northernmost island in the Cook Islands, photographed in 1995. Image by EwanSmith via Wikimedia Commons (CC BY-SA 3.0).How did you get past that?Some people, it was just a matter of getting them more involved and helping them to see the potential, and then they really came on board … There are only a few who still oppose it really, because there was so much support from community. And the government was listening to that and trying to have balance as well, between raising revenue from fishing vessels and answering the needs of the communities and traditional leaders in terms of conservation. In the end, they found that they struck that balance and agreed to close off 16percentof our ocean territory [from commercial fishing].What role did international NGOs like Conservation International play in helping make Marae Moana happen?They helped in terms of drawing some attention [to the initiative]. They were also really good in terms of talking to people in high places. So they introduced us to people that could help, made some videos for us, and gave us quite a lot of funding to get us started.Fish don’t care about territorial boundaries. How does Marae Moana fit into the bigger picture of Pacific Ocean management?Well, our Ministry of Marine Resources has been working on that for a long time, trying to establish conservation measures for tuna species in the Pacific region. Tuna has to be managed at the regional level.I think, though, that this protected area actually complements what they’re doing, especially the fishing exclusion zones where you’ve got a lot of biodiversity congregating around the islands. You’ve got marine turtles going there to nest. You’ve got sea birds that go out foraging as well as whales that come in this area to have their calves. It’s a really important place to protect the marine environment.Some people say, “Well, you’re just concentrating the efforts of the fishing vessels within our EEZ,” and it’s not true, because we also have boundaries that are shared with international waters. [Fishing vessels] can also follow the fish out to there.We think that closing off areas around our islands is actually giving our fish a chance to spawn before they’re caught. [Some] fish are opportunistic spawners.Where are you at now with implementing Marae Moana?Now that the legislation has passed, it’s a really critical time. Especially having a multiple-use MPA, where there is still some economic activity allowed in most of the EEZ, it’s really important that we get the implementation right.We’ve been working on our regulations in terms of the institutional arrangements that have been established under the Marae Moana Act: that’s the Marae Moana Council and the technical advisory group. We want to make sure those groups are operating in a transparent and democratic manner, so that NGOs and traditional leaders have equal say together with government agencies to manage the ocean resources. So we’ve been working on those … procedural regulations, as well as putting together some marine spatial planning procedures.Next step is to begin collecting data on our deep ocean environment, and to create a marine spatial plan that will protect areas of the deep seabed and biodiversity, as well as other areas that might potentially in the future be exploited for mineral resources. There is a potential for that happening, but at the moment we’re working to collect data on biodiversity so that we can see what exists there and what species are important to protect. I mean, all of them are important to protect, but there are places where there is nothing living at 6 kilometers [3.7 miles] deep. So we want to go out and find out what is there.Yes, because there is quite a lot of interest in seabed mining for manganese, isn’t there?That’s right. Manganese nodules. It’s really strange, it’s a paradoxical thing: the minerals in the manganese nodules that people are wanting to mine, well the main mineral is cobalt— and cobalt is needed in batteries for electric cars. So on one hand, we’re trying to be more sustainable by converting to electric cars rather than burning fossil fuels, and on the other hand, some of the minerals and elements that we need for this new technology requires mining somewhere. That’s the irony, I guess.And I imagine it’s pretty tempting as an economic option for the Cook Islands, too?Yeah, yeah. We don’t have very many resources. Then again, tourism is an important industry for us and if it’s managed right, it could be something that sustains us in the future. People do say, “Well, what about if tourism goes down?” But we’ve only ever had tourism increasing. There has been the odd year that we have less [sic] tourists arrive and it does hurt businesses, but I think we’ve got to plan smarter for those situations where there might be a downturn in the global economy and we’ll get less visitors. I think tourism is potentially a sustainable source of income.Jacqueline Evans speaks with a fisherman. Image courtesy of Goldman Environmental Prize.How is the monitoring and policing going? Obviously it’s a huge area to patrol.This is something that the Pacific Island countries have been working on for some time with foreign fisheries agencies: monitoring and surveillance. The region has required that fishing vessels must have satellite transponders on their boats, so that we can monitor by satellite their activities. And you can tell from the data… what they’re doing: whether they’re fishing or whether they’re just sailing through your waters.That’s the visual monitoring system, but we also have patrol boats and that works together with aerial surveillance. We have the New Zealand Air Force helping us as well as the Australian Air Force and the U.S. and French surveillance. They fly over our zones to look for fishing vessels and notify our patrol boats when they see something that shouldn’t be there or doing something they shouldn’t be doing.Is it common that that happens?I really don’t have that sort of data. It’s actually the Ministry of Marine Resources that has all of that … But it’s public information that we’ve caught some boats that are doing things they shouldn’t be, and they’ve had to pay millions of [New Zealand] dollars in fines. There have been court cases and settlements as well. It’s not very often that we hear about that. The Ministry of Marine Resources tells me that they don’t often have breaches, even within our exclusion zone within our ocean territory.How does this large-scale plan affect community leaders’ rights to impose ra’ui over certain areas or species?That forms part of the overall framework. We have Marae Moana covering all of our ocean territory, and then at the smaller scale … we have the ability for local government or local communities to establish marine spatial plans around their islands, and those plans can include areas that are ra’ui … It’s just a matter of supporting communities with enforcement of those ra’ui areas.What’s next on your list? Where are you going to focus your energy on in the next couple of years?We are hoping to get more information about our biodiversity of the deep ocean. We know so little about what is living here. That would be a big focus because it requires a lot of time to be able to do that. We need to have access to vessels and vehicles that can reach 6 kilometers in depth, so we’re hoping to form partnerships with people that can help us. That would be the main thing.What motivates you to continue doing this kind of work?I really have a lot of concern about what we’re going to leave our children. I’m a mum. I have a son. He’s 21 years of age. I do worry about what we’re leaving our kids. What kind of a planet we’re leaving for them. I think that that’s really what drives me. And also just a love of the ocean. I love our animals and I love to be in the water and I want to leave the planet just as clean— if not cleaner— than we found it.Jacqueline Evans. Image courtesy of Goldman Environmental Prize.Editor’s note: This interview has been edited for length and clarity. Monica Evans is a freelance writer, researcher and community development practitioner. She lives in a small town on New Zealand’s wild West Coast. (She and Jacqueline Evans are not related.) Clarification 5/3/19: At the request of Jacqueline Evans, a line in this interview has been adjusted to clarify that only some fish are opportunistic spawners.Update 9/30/19: In late September, 2019, the Cook Islands’ government dismissed Jacqueline Evans as director of the Marae Moana coordination office, apparently because of her support for a 10-year moratorium on seabed mining, according to stories in the Cook Islands News.FEEDBACK: Use this form to send a message to the editor of this post. If you want to post a public comment, you can do that at the bottom of the page. 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As you seem to have spoken with an Isha spokesperson, if you could connect the concerned parties, it would be great, because I see that the ecologists are genuinely interested in making sure things are done the right way.May we all come together and make things happen.Rare Amazon bush dogs caught on camera in BoliviaCarrot1 Feba very good iniciative to be fallowed by the ranchers all overSponsored Article published by Rebecca Kesslercenter_img Animals, Biodiversity, Conservation, Environment, Environmental Activism, Environmental Heroes, Fish, Fisheries, Happy-upbeat Environmental, Marine, Marine Animals, Marine Biodiversity, Marine Conservation, Marine Mammals, Marine Protected Areas, Oceans, Prizes, Wildlife last_img read more

PHOTOS: Dok-Ondar’s Den of Antiquities

first_imgMounted Beasts Dok Ondar Holocrons Share This!Dok-Ondar’s Den of Antiquities is a gift shop located in the Black Spire Outpost area of Star Wars: Galaxy’s Edge. Here, you can purchase both Jedi and Sith artifacts, holocrons, statues and other unique items.To see photos of this peculiar shop, scroll down!Sith Statues Dejarik FigurinesWhat do you think of the store? Anything special catch your eye?last_img

AU court for human rights cases

first_img26 January 2006An African court to rule on cases of gross human rights violations on the continent is ready to start hearing cases, South African Foreign Minister Nkosazana Dlamini-Zuma announced on Tuesday.Briefing the media after the closing session African Union heads of state summit in Khartoum, Sudan on Tuesday, Dlamini-Zuma said that while the location of the court was still to be finalised, the 11 judges had already been elected – including Bernard Ngoepe, South Africa’s Judge President of Transvaal.In addition to hearing cases of gross human rights violations such as genocide, the court will also have the power to render an opinion, at the request of a member state, on any legal matter relating to AU human rights instruments.“The court is ready to function,” Dlamini-Zuma said.The heads of state have requested member states to submit their comments on the “draft single legal instrument” by writing to the AU Commission, with the closing date for submissions 31 March.The draft single legal instrument is a document containing recommendations on the merger of the African court of human and people’s rights and the court of justice of the organisation.The union has also decided that the merger document should be submitted to a joint meeting of the People’s Rights Commission and legal experts from member states for finalisation.The final draft will be submitted and presented for review at the seventh ordinary session of the Executive Council and Assembly to take place in Bujumbura, Burundi in July.The election of the 11 judges must still be ratified by the Assembly of Heads of State after the final draft has been approved. Their term of office ranges from two to six years.Source: BuaNewslast_img read more

EarthCam Live Streaming Macy’s Thanksgiving Day Parade

first_imgTop Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai… Tags:#Events Guide#news#web Related Posts Why Tech Companies Need Simpler Terms of Servic…center_img rick turoczy 1 8 Best WordPress Hosting Solutions on the Market In the United States, the Macy’s Thanksgiving Day Parade – now in its 82nd year – is a traditional Thanksgiving morning activity. And while everybody loves a parade, few people love the so-called “witty repartee” of the anchors hosting the parade coverage. If only there were some way to see all of the inflated commercial icons and marching bands without having to suffer through commentary.Thankfully (pun intended), Webware is reporting that EarthCam may have the answer. Tomorrow, beginning around 9:30 AM Eastern time (GMT -5:00), the company will be streaming the Macy’s parade from seven live cams. Only one of those cameras will have audio – and it doesn’t appear that there will be any hosts to detract from your experience.This also provides an interesting opportunity for our non-US-based readers to get a glimpse into some of the strange goings-on of their American counterparts. No doubt, it will provide more insight into the US culture than we care to divulge.The video is Windows Media based, so if you’re on another platform, you’ll need to have the appropriate plugins installed prior to viewing. And another thing, this appears to be traditional traffic cam technology, so take the “streaming” description with a grain of salt. It gets pretty choppy on some of the views. To get an idea of what’s in store, you can view previous years’ parades, like this one from last year. To tune in, visit EarthWeb’s Thanksgiving 2008.(Thanks to the_wb for allowing us to use the balloon image under Creative Commons.)last_img read more

Facebook Tops 900 Million Users, But Penetration Rate Slows

first_imgGuide to Performing Bulk Email Verification The Dos and Don’ts of Brand Awareness Videos A Comprehensive Guide to a Content Audit dave copeland Tags:#Facebook#web center_img Related Posts Facebook is Becoming Less Personal and More Pro… The biggest takeaway from Facebook’s updated filing with the Securities and Exchange Commission is that the company will not be able to rely on adding new users at breakneck speed as a way of boosting revenue.It’s a fact that Facebook readily concedes.“Historically, our user growth has been a primary driver of growth in our revenue,” the company said in its fourth update to the S-1 notice it originally filed in February. “We expect that our user growth and revenue growth rates will decline as the size of our active user base increases and as we achieve higher market penetration rates.”There were relatively few surprises in the document: Facebook released more details of its Instagram purchase, saying it had paid $300 million in cash and 23 million shares. It also said U.S. and Canadian users made up 50% of its revenue on the first quarter ending March 31, down from 54% a year ago.Facebook broke the 900 million user mark during the quarter, about five months after it reached the 800 million user mark. That pace had slowed slightly, as it took Facebook just three months to grow from 700 million to 800 million users. In the filing, Facebook said each of its 901 million users was worth $1.21, up 6% from a year ago.Otherwise, it was business as usual for the company that may be valued at more than $100 billion after its shares start trading publicly next month (according to Facebook, it’s current share price on private markets puts the company’s value at $77 billion). Revenue in the three months ending March 31 was up from the period a year ago, but net income fell to $205 million in the first quarter, down from $233 million a year ago. Facebook attributed the dip to higher operating costs.And if the pace of user growth and net income had dropped, the penetration of Facebook did not. The company said it had 532 million daily active users in the first quarter, up from 372 million a year ago. The company did confirm that it would trade on NASDAQ under the ticker symbol FB, which had already been widely reported. Facebook did not, however, give a date for the IPO, which is widely believed to be set for May 16, 17 or 24.last_img read more

‘Octobot’ is the world’s first soft-bodied robot

first_imgOctopuses are notorious escape artists, able to squeeze and squish themselves into and around nearly any obstacle they encounter. In an ode to these crafty cephalopods, researchers have created the first completely soft-bodied robot, dubbed the “octobot.” The palm-sized machine’s exterior is made of silicone. And whereas other soft robots have had at least a few hard parts, such as batteries or wires, the octobot uses a small reservoir of hydrogen peroxide as fuel. When the hydrogen peroxide washes over flecks of platinum embedded within the octobot, the resulting chemical reaction produces gas that inflates and flexes the robot’s arms. As described online today in Nature, the gas flows through a series of 3D-printed pneumatic chambers that link the octobot’s eight arms; their flexing propels it through water. Over the course of their project, the team created hundreds of trial octobots, meticulously tweaking the pneumatics until the timing was just right. Right now, the octobot’s fuel lasts between 4 and 8 minutes, and it can’t steer in any particular direction. The researchers are now working to add sensors to the robot, which would allow it to detect objects in its environment and navigate toward or away from them. The basic design can be scaled up or down, increasing or decreasing fuel capacity depending on the robot’s job. As the field of soft robotics advances, the scientists envision these robots being used for marine search and rescue, oceanic temperature sensing, and military surveillance.last_img read more

Violinist Andrew Forde brings Glenn Gould to contemporary audience

first_img Facebook Violinist Andrew Forde and his band the Ghost Tapes will be performing a re-interpretation of Glenn Gould’s work as part of Black History Month in Toronto Feb. 9. (CBC) LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Forde is calling his piece Ideas of North as an ode to the late musician, but also to represent the pluralism of voices which wouldn’t have been heard 50 years ago. Login/Register With:center_img Advertisement Advertisement Twitter Toronto-based violinist Andrew Forde has performed with Justin Bieber, Sting, Pitbull and Mary J. Blige, but there’s another star he’s connecting with: Glenn Gould.Forde has remixed the iconic Canadian pianist to explore the country’s rich identity in Ideas of North and will perform it live Feb. 9th in Toronto as part of Black History Month.The title is a play on Gould’s landmark documentary, The Idea of North, which first aired on CBC Radio in 1967. Gould layered speaking voices on top of each other to create a unique sonic landscape in his program about the Canadian North.last_img read more

PM reaches Nepal to attend BIMSTEC Summit

first_imgA VVIP flight of Biman Bangladesh Airlines carrying the prime minister and her entourage left Hazrat Shahjalal International Airport for Kathmandu at 8:05am, reports UNB.The flight landed at Tribhuvan International Airport in Kathmandu at 9:05 am local time (9:20am Bangladesh time).Sheikh Hasina was escorted to Hotel Soaltee Crowne Plaza at Tahachal Marg in Kathmandu by a ceremonial motorcade where she will be staying during her visit.Later in the day, the permier will meet Nepalese president Bidya Devi Bhandari at Sheetal Nibash, the Presidential Palace, in the capital city.She will also attend a luncheon there to be hosted by the Nepalese president.In the afternoon, the Bangladesh prime minister along with other leaders will attend the opening session of the 4th BIMSTEC Summit at Hotel Soaltee Crowne Plaza.In the evening, she will hold a meeting with her Indian counterpart Narendra Modi.Hasina and other leaders will also join a gala dinner to be hosted by Nepalese prime minister KP Sharma Oli in the city’s Hyatt Regency Hotel in the evening.The prime minister is expected to return home on Friday noon. Prime minister Sheikh Hasina. File PhotoPrime minister Sheikh Hasina reached Kathmandu on a two-day official visit to Nepal to attend the 4th BIMSTEC Summit.The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) having seven member states — Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand — came into being on 6 June 1997 through the Bangkok Declaration.last_img read more

PM Hasina reiterates warning against corruption

first_imgPrime minister Sheikh Hasina. Photo: BSSPrime minister Sheikh Hasina on Saturday asked senior government officials to act promptly against corruption so the menace could not hinder her government’s development endeavours, reports BSS.She said this after witnessing the signing of annual performance agreements (APA) of different ministries with the cabinet division.“You (senior officials) will have to give instructions to the grassroots officials (of civil administration) to stop corruption, so the development which has been achieved due to our relentless work, isn’t hampered,” she said while addressing the signing ceremony at the Shapla Hall of the Prime Minister’s Office (PMO) in Dhaka.The prime minister also voiced a note of warning against corruption saying, “We will not tolerate it anymore.”She also asked the senior government officials to take appropriate measures to make the government officials aware of corruption.The prime minister labelled bribe, both taking and giving, as crime and requested all to stay away from the menace.Sheikh Hasina asked the government officials to exercise national integrity strategy for stopping corruption, adding that the countrymen will get benefit of massive developments made during the tenure of the Awami League government if corruption can be contained.Sheikh Hasina highly appreciated the government officials for working sincerely to implement the APA, saying “You have been working sincerely since we’ve assumed office. We have been able to achieve 8.1 per cent growth in GDP and increase per capita income to $1909 alongside acquiring the middle income country status from the least developed one.”She instructed them to be more dynamic in implementing the APAs signed for the FY 2019-20.She urged the senior government officials to take decision about the matter beneficial for their ministries and work accordingly.The prime minister also asked the government officials to work in such a way so that every people of the country can meet their minimum basic needs.Mentioning that her government wants to forward the country fast, she said “We want to transform the country into a prosperous and developed one free from poverty, corruption and militancy.”Sheikh Hasina said her government is taking the country ahead with a specific and well-thought-out plan for which the country has achieved honour in the world, adding “We have to maintain it in the future.”She also said, “We are always working with long term plan as it will not be possible to go forward without it. Now we are implementing the 7th five-year plan and second perspective plan (2021-2041) to make the country a developed and prosperous one by 2041.”Cabinet secretary on behalf of the prime minister and secretaries or senior secretaries on behalf of the ministers concerned signed the APA.Secretaries or senior secretaries handed over the APA to the prime minister after signing the agreements.The prime minister adorned the women and children affairs and the agricultural ministries and IME Division with certificates for their best performance according to the APA during the 2018-2019 fiscal.Sheikh Hasina also handed over Integrity Award-2017-18 to the IME Division of planning ministry for showing the highest performance in accomplishing its annual activities.Cabinet members, prime minister’s advisors, secretaries, heads of various departments, senior officials and diplomats of different countries were also present in the programme.State minister for public administration Farhad Hossain, cabinet secretary Mohammad Shafiul Alam, principal secretary to PMO Md Nojibur Rahman and power division senior secretary Ahmed Kaikaus spoke on the occasion.Chief coordinator on SDGs in the PMO Abul Kalam Azad was present on the dais.A video documentary highlighting various activities under the Annual Development Programme (ADP) was also screened on the occasion.last_img read more

Too weird for Wall Street Broadcoms value drops after purchasing CA Technologies

first_imgThe tech world has spent the last 24 hours or so pretty confused at semiconductor manufacturer Broadcom’s purchase software company CA Technologies. The deal, which Broadcom sealed with $18.9 billion in cash, was, according to the company, a way of adding to its portfolio “mission critical technology businesses.” However, it seems the deal was just a little too left-field. Yesterday (Thursday 12 July), Broadcom’s shares dropped 13.8%. This equates to a drop of $14.5 billion. Why did Broadcom purchase CA Technologies? This is the question that everyone seems to be asking. Ostensibly, the move is really about consolidating and driving Broadcom’s position in the tech space forward. However, as The Register pointed out, a quarterly review between executives in June made no mention of an acquisition. It certainly didn’t mention CA Technologies. Speaking to Bloomberg, Cody Acree said “It’s the lack of obvious connection between the two businesses. What does Broadcom know about improving CA’s efficiencies?” However, there may be some method in Broadcom’s apparent madness, even if investors don’t see it. Broadcom’s business in semiconductors – Silicon chips – is more unstable than the type of software solutions offered by CA Technologies. The semiconductor market depends a lot on fluctuations in the consumer gadget market. However, even if this makes sense to the Broadcom excecutives, communicating this strategy would surely be absolutely essential. Surprising feints might look good in the long run but they can spook investors. A tale of two markets: consumer tech and software solutions It will take some time to see if Broadcom’s move actually does work out. But it demonstrates the vast difference between the consumer and B2B markets in technology. It doesn’t seem outrageous to suggest that at the very least Broadcom feels anxious about the volatility of its core market at the moment; its acquisition of CA Technologies might be the insurance policy it has been searching for.last_img read more