Credit Suisse to cut 5,300 staff jobs
The Swiss bank warned it had lost a net SFr3bn in the two months to the end of November and would axe about 11% of its workforce, principally in investment banking
US auto union makes concessions
The main car workers' union said that it would suspend a contentious practice that allows so-called 'idled' car workers to collect virtually full pay and benefits without working
Nippon Oil, Nippon Mining to merge
Japan's top refiner Nippon Oil Corp and sixth-ranked Nippon Mining Holdings said they are considering a merger to create the world's eighth-largest oil major to better compete amid sliding prices and slower demand
Nomura to slash 1,000 jobs in London
Nomura is planning to cut about 1,000 jobs in London, or more than 20 per cent of its staff in the city, following its purchase of parts of Lehman Brothers
Citigroup chiefs ready to waive bonuses
Citigroup's top executives, and Robert Rubin, a director and senior adviser, are ready to forgo their bonuses this year amid growing internal and external pressure to atone for the company's huge losses and a $300bn government bail-out
Another Goldman unit hit by decline
Goldman Sachs' plans to expand its wealth management operations have been dealt a potential setback by a dramatic decline in the value of another of its funds
Gulf facing a liquidity drought
As a global recession sets in, oil prices tumble and credit tightens, the good times are coming to an end
Carlyle to cut 10% of staff as downturn bites
Private equity firm Carlyle is cutting 10 per cent of its staff in the latest indication that buy-out firms will not be immune to the meltdown in the markets
Harvard endowment loses $8bn in four months
The world's wealthiest university placed the decline at 22%, bringing the figure to $28.7bn and underscoring how higher education has been hard hit by the global financial crisis
Adobe slashes revenue forecast
The US software group lowers its outlook for the November quarter to $912-$915m and announces job cuts, the latest indication of how the crisis has hit the technology sector
Chinese group sues Vale Inco
A large Chinese battery manufacturer is suing two units of Vale, one of the world's largest mining companies, in a patent infringement case that highlights the growing number of Chinese companies using local courts to protect their interests
Fortress suspends Drawbridge redemptions
The listed private equity group has suspended redemptions at its flagship fund in order to maintain assets after investors sought to withdraw more than $3.5bn in funds
Vodafone to appeal against India tax ruling
The Mumbai High Court dismissed a landmark challenge by Vodafone against a $2bn tax case in a blow to the UK group and a potential setback for other companies looking to make major investments in India
EDF tries to scupper Buffett's energy bid
The French state-controlled utility launched a direct challenge to billionaire Warren Buffett with a $4.5bn bid for 50 per cent of the nuclear fleet owned by its US partner Constellation Energy
Discounts drive 15% sales jump on 'Cyber Monday'
US online retailers saw an annualised 15 per cent jump in sales on the Monday following the Thanksgiving weekend, according to early estimates, as aggressive bargains boosted traffic on the day the industry has dubbed 'Cyber Monday'


of the lives of the project beneficiaries..

Most of the places where development projects are placed do not have sufficient budget from their own local and national governments, and so the non-government or private organizations initiate the financial assistance to undertake the project activites from planning, to budgeting, to hiring consultants and manpower to execution.

The contingent for the development plan mostly includes representatives from the funding organization, the contractors, consultants, representatives from the local government, staff, and the manpower hired to execute the plan.

A development report is written and submitted by the consultants from the beginning of the planning to the end of the project. Included in the report are the improvements brought about in the project area, the problems encountered, conflict among the people involved and with the environment, project completion, consultants’ proposals and follow-up plans.

Copyright 2007 Ismael D. Tabije

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