Operation ‘Open City’ gets underway in Limerick

first_imgLinkedin Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Limerick on Covid watch list TAGSLimerick City and CountyNewstrafficTransport NewsCommunityTransportOperation ‘Open City’ gets underway in LimerickBy Staff Reporter – December 2, 2019 2406 Is Aer Lingus taking flight from Shannon? An Garda Síochána has commenced Operation ‘Open City’ to facilitate the movement of Public Transport and minimise traffic disruption to the general public, through high visibility and enforcement activity’ which will continue until Christmas Eve in Limerick.Operation ‘Open City’ involves a multi-agency approach between An Garda Síochána, The National Transport Authority, Local Authorities and transport providers.Sign up for the weekly Limerick Post newsletter Sign Up ‘Open City’ is a high visibility enforcement operation with Gardaí patrolling major arterial routes and link roads during core commuter hours.There will also be a particular focus on traffic management issues around car parks at major shopping areas.  During the operation enhanced communication will be provided to the public by An Garda Síochána and relevant stakeholders through the use of social media (@GardaTraffic), websites, smartphone apps and roadside variable message signs.The 197 newly attested Gardaí who graduated last Friday, November 29, take up operational duty today, with the 32 Gardaí assigned to Limerick City deployed to ‘Open City’.They will support Garda Roads Policing Units and local Garda patrols to help people get about their day’s business, and enjoy the seasonal festivities.Limerick is one of three cities taking part in operation ‘Open City’, with Dublin and Cork being the other two.Operation ‘Open City’ will be run alongside the Christmas Road Safety Enforcement Campaign with both operations focused on reducing road fatalities and keeping people safe.Safety advice during Christmas• Be careful when withdrawing money from cash machines and financial institutions.• Mind your belongings when in crowded areas. Use a handbag or shoulder bag that can be held securely.• Don’t leave bags or valuables visible inside a parked cars.• Park your car in a controlled car park and retain the parking ticket on your person.• Always lock your car securely when leaving it unattended, even for brief period.• Report any incident to Gardaí, immediately.For more on Crime Prevention visit Garda.ie https://www.garda.ie/en/Crime-Prevention/ Print Email RELATED ARTICLESMORE FROM AUTHORcenter_img Previous articleCoonagh earn dramatic FAI Junior Cup victoryNext articleMIC awarded €350k towards next-generation STEAM initiative Staff Reporterhttp://www.limerickpost.ie Facebook TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! WhatsApp Twitter Advertisement Shannon Airport braced for a devastating blow Local backlash over Aer Lingus threat last_img read more

Increasing scale allows Unilever scheme to slash asset management costs

first_imgThe pension fund attributed the cuts chiefly to an increase in assets, which stood at €4.5bn at the start of 2014.Progress’s board said the scheme’s increased scale had enabled it to invest more efficiently and negotiate better terms with asset managers.The pension fund reported a return of almost 16% for 2014, outperforming its benchmark by 1.3 percentage points.The scheme largely credited its 42% equity allocation – returning 15.4% and outperforming the standard portfolio by 0.8 percentage points – for the performance.Fixed income investments and property returned 11.7% and 18.9%, respectively, while private equity returned 28.2%.However, the pension fund lost 34.8% on its commodities portfolio, an underperformance of 0.7 percentage points.According to its annual report, Progress applied a dynamic, anti-cyclical investment policy aiming to generate returns during times of low funding, and take profits and protect assets in times of high funding. It attributed 7.6% of its 2014 return to a combined interest/inflation hedge through swaps.Kragten said the scheme’s dynamic hedge increased after real funding improved.As of the end of 2014, Progress had covered 53% of its interest risk and 52% of its inflation risk.Since last year, the scheme has applied an 80% hedge of the five main currencies, including the Australian dollar, and fully covered the currency risks on its holdings of commodities and government bonds.However, following the appreciation of the US dollar and the Swiss franc relative to the euro, it failed to benefit fully from its currency hedge, the scheme said. The official ‘policy funding’ – the average coverage over the 12 months previous – stood at 139% as at the end of the first quarter, equating to a real funding of 103%.In other news, the €5.3bn industry-wide scheme PNO Media reported a first-quarter return of 8.4% but warned that an increase in liabilities over the period, following the strong decline in interest rates, had offset the result.As a consequence, the scheme’s actual funding fell to 94.2%, while its policy funding stood at 102.2% at March-end.The media scheme reported quarterly returns on equity, property and private equity of 16%, 3.6% and 6.7%, respectively.US dollar-denominated emerging market debt generated 14.5%, while government bonds and Dutch residential mortgages delivered 12.4% and 1.5%, respectively.PNO Media lost 2.7% on its currency hedge. Progress, the €5.7bn Dutch pension fund of food and cosmetics giant Unilever, has cut administration costs per participant by €23 to €128, according to its 2014 annual report.Rob Kragten, the pension fund’s director, said the reduction had become possible after Progress created “approximately €500,000 in savings”.The pension fund also managed to cut total asset-management costs, including transactions, by 11 basis points to 0.48% of assets under management.Transaction costs fell by 50% to 0.06%.last_img read more

First Volleyball ‘Sportzdk Open’ on Saturday in Zenica

first_imgNext weekend in Zenica, the first volleyball tournament ‘Sportzdk Volleyball Open’ will take place. Six teams will play: ŽOK Kakanj, ŽOK Igman Ilidža, ŽOK Željezara Zenica, OK Maglaj, OK Breza 1934 and ŽOK Žepče.The participating teams in the tournament will be divided in two groups, and the most successful from the groups will fight for the title of the winner of the tournament.The three best teams will be awarded trophies, and the best players of the tournament will receive special recognition.The tournament will take place on 11 January in the sports center of the first gymnasium high school in Zenica, and entrance is free.(Source: Fena)last_img read more