LISBON coach kristin satchel black , May 5 (Xinhua) -- Portuguese Prime Minister Pedro Passos Coelho has announced that the debt-laden country will end a bailout program on May 17, without applying for a precautionary credit line.
In a televised speech on Sunday, Passos Coelho said that his government has made the decision after carefully weighing the pros and cons and that the decision is a right choice at an appropriate time to more effectively defend the interests of Portugal and the Portuguese.
"It's the right choice," Passos Coelho said.
"It defends most efficiently Portugal's interests and those of the Portuguese. We were able to choose this option because the program is on the right track for its term and put Portugal on the way to financial stability and competitiveness coach prairie leather satchel bag ," he said.
But he warned that there was a long road ahead.
The prime minister made the announcement after a meeting with cabinet ministers to discuss how Portugal will exit its 78-billion-euro (108-billion-U.S. dollar) bailout program.
Portugal has been under considerable pressure by the troika of international lenders -- the European Commission, the International Monetary Fund (IMF) and the European Central Bank (ECB) -- to opt for a precautionary credit line.
The credit line would help ease its return to the bond markets and enable it to access outright monetary transactions from the ECB. It would also reassure investors that the country would not default.
After Lisbon's announcement, however, the European Commission said it took note of the decision and would "support the Portuguese authorities and people in this sovereign choice."
IMF head Christine Lagarde said in a statement that although challenges remain coach borough large black satchels , Portugal is now in a strong position to complete the consolidation of public finances and further deepen structural reforms, which will be essential to achieve sustainable growth and job creation.
Portugal saw the strongest growth in the European Union and has been dubbed the "good pupil" of the troika. The economy has shown signs of improvement, which is expected to grow 1.2 percent this year. Bond yields have fallen, meaning prospects of Portugal financing itself in the markets are improving.
However coach bleecker cooper satchel , austerity has undermined Portugal's economy, with its budget deficit exceeding 4 percent of GDP. Unemployment level is still high, with a third of young people without jobs. Rating agencies still classify Portugal's sovereign debt as below investment grade.
Lisbon will tell eurozone finance ministers about its decision on Monday.
SINGAPORE, May 11 (Xinhua) -- Singapore will launch tenders for new agriculture land for food farming to increase food security and productivity coach madison satchel small , said the Agri-Food and Veterinary Authority (AVA) on Thursday in a press statement.
A total of 36 plots of farm land located in Lim Chu Kang and Sungei Tengah will be tendered on 20-year leases, according to AVA.
AVA said the tender encourages farmers to adopt innovative agri-technologies to maximize land and labor productivity as farmers with good production records will stand a good chance of winning new plots.
In a blog post on Tuesday, National Development Minister Lawrence Wong said that Singapore's farmers providing vegetables, fish and eggs act as a buffer against overseas supply disruptions.
It is therefore important for the local agriculture sector to stay innovative and productive given Singapore's land constraints coach poppy mini satchel , said AVA in its statement.
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NAIROBI, Jan. 22 (Xinhua) -- High earning Kenyan runners are ready to comply with the directive requiring them to remit taxes to the country coach legacy mini satchel , local federation boss Isaiah Kiplagat, declared Wednesday.
The Athletics Kenya (AK) president also issued a circular to all foreign managers requiring them to submit information to be used to file returns concerning their clients by the end of February.
Kiplagat was reacting to measures published on Tuesday by the Commissioner for Domestic Taxes at the Kenya Revenue Authority (KRA) requiring all sportsmen in the country to pay levies on their income.
Distance runners account for the highest paid sportspersons in the East African nation and the initial announcement requiring them to submit taxes were met with harsh criticism in 2012 where a number of them were slapped with bills running into hundreds of thousands of dollars in back taxes.
"This morning, I have sent an email to all agents requiring them to submit returns of all athletes in their management detailing amount earned, tax paid and in which country it was paid."
"Once these are received by the athletes coach madison hobo black , they will pass it on to the tax experts to make returns on their behalf and there will be no problem," Kiplagat said.
The president added they had invited KRA officials at a seminar attended by top athletes in Eldoret last month where they were taken through the requirements of the new measures.
While stating the willingness of all athletes to comply, "like all other Kenyans," Kiplagat expressed fears their foreign managers could prove to the stumbling block in implementing the directive.
"The only problem is if the agents withhold the information and I have made it clear that information required must be submitted and we have asked them to give us copies."
"It has become a public issue and we have to see where we can assist. The purpose of getting information t.
