Saint Martin’s University Trustee Scholarships Awarded to Three Students Transferring to…

first_imgFacebook0Tweet0Pin0Submitted by Saint Martin’s UniversitySaint Martin’s University has named Nicole Macaluso, Patrick Ross and Sandra Trevino as recipients of its 2018-2019 Trustee Scholarships, among the most significant honors given by the University. Each year, the scholarships are awarded to outstanding transfer students who exemplify the University’s commitment to academic excellence, community service and the Benedictine values that form the bedrock of the Saint Martin’s community.“These students rose to the top among the most competitive pool of applicants we have seen for the duration of the Trustee Scholarship. Each student comes here with high levels of achievement, determination and compelling life stories. We are delighted to honor these three for their outstanding efforts and are thrilled they are joining the Saints community,” said Caitlin Gordon, senior transfer admissions counselor.Trustee Scholarships are reserved for students transferring to Saint Martin’s from a community college, and who either have completed or are completing their associate degree with a 3.5 grade point average or higher. Each Trustee Scholar will receive a $26,000 scholarship, which will be divided among four semesters of study.Nicole Macaluso hopes to study and be an active member of the women’s soccer team. Photo courtesy: Saint Martin’s UniversityMacaluso, from Kuna, Idaho, is a biology major from Walla Walla Community College. At Saint Martin’s, she hopes to pursue her studies while being an active member of the women’s soccer team. At Kuna High School she was a four-year varsity soccer player, graduating with a 4.0 GPA and highest honors. After transferring to Walla Walla Community College, she became a National Merit Scholar, made the president’s/vice president’s list, received the Northwest Athletic Conference (NWAC) Academic Excellence award by maintaining a 3.9 GPA and was on the women’s soccer team that recently went undefeated and took first in the NWAC East Region Conference. She recently graduated from Walla Walla Community College with an associate of arts degree and an associate degree in biology. After earning her bachelor’s degree, she plans to apply for nursing or medical school and specialize in pediatrics. In her free time, she enjoys doing community service and helping others, spending time with her family and friends, reading and skiing.At Saint Martin’s, Patrick Ross hopes to attain his bachelor’s and master’s degrees in civil engineering. Photo courtesy: Saint Martin’s UniversityRoss, from Tacoma and originally from Albuquerque, New Mexico, is a civil engineering major from Tacoma Community College. At Saint Martin’s, he hopes to attain his bachelor’s and master’s degrees in civil engineering. He attended La Cueva High School in Albuquerque and went on to the University of New Mexico, where he took classes for a year. Later, he moved to Washington with his girlfriend, Kyley, and worked as a cable technician before deciding that he wanted to return to school. He recently graduated from Tacoma Community College with an associate of arts degree and an associate of science degree. Ross would like to one day be part of a team that works on bridge design in the Tacoma-Seattle area.Photo courtesy: Saint Martin’s UniversityTrevino, from Auburn and originally from Tehuacan, Mexico, is a social work major from Green River College. She attended Thomas Jefferson High School in Auburn and, after graduating, worked in the aerospace industry for a few years. At Green River College, she majored in criminal justice and minored in forensic science. She was accepted into the Phi Theta Kappa Honor Society and served as an intern detention officer at the Pierce County Juvenile Detention Center, where she mentored children in need of guidance. Trevino, who is fluent in both English and Spanish, hopes to become a social worker and serve the Latino community. She is a first-generation college student.Saint Martin’s University is an independent, four-year, coeducational university located on a wooded campus of more than 300 acres in Lacey, Washing­ton. Established in 1895 by the Catholic Order of Saint Benedict, the University is one of 13 Benedic­tine colleges and universities in the United States and Canada, and the only one west of the Rocky Mountains. Saint Martin’s University prepares students for successful lives through its 27 majors and ten graduate programs spanning the liberal arts, business, education, nursing and engineering. Saint Martin’s welcomes more than 1,100 undergraduate students and 340 graduate students from many ethnic and religious backgrounds to its Lacey campus, and 350 more students to its extended campuses located at Joint Base Lewis-McChord, Centralia College and Tacoma Community College. Visit the Saint Martin’s University website at www.stmartin.edu.last_img read more

LONGSHOT BIRDATTHEWIRE RALLIES FROM LAST TO TAKE GRADE I, $300,000 LA BREA STAKES BY A HALF LENGTH AT ODDS OF 10-1; ROMANS & SMITH TEAM FOR SEVEN FURLONG WIN IN 1:22.31

first_imgARCADIA, Calif. (Dec. 26, 2015)–Breaking last from the rail in a field of nine 3-year-old fillies, the Dale Romans-trained Birdatthewire flew late under Mike Smith to take Saturday’s Grade I, $300,000 La Brea Stakes by a half length, as she covered seven furlongs in 1:22.31.Fourth in the Grade II Falls City Handicap at Churchill Downs Nov. 26, Birdatthewire, in her first-ever appearance at Santa Anita, was off at 10-1 and paid $23.80, $10.00 and $5.80. A Kentucky-bred daughter of Summer Bird, Birdatthewire is now a perfect two for two at seven furlongs and has four wins from 11 overall starts.“Before the race, I thought that we might have a tough time getting there in time, since she’s a late runner and it’s seven furlongs,” said Smith, who was aboard for the first time today. “But during the running of the race, we were already in contention at the half mile pole!“Dale told me that she likes to run out when she’s making her run, ‘So just let her.’ So, as long as she kept catching them, I just kept letting her run to the outside. We were way past the middle of the racetrack, but she just kept running…This is the only time I’ve been on her, but I’m certain she’s getting better. I certainly hope I get to ride her at some point again.”With the winner’s share of $180,000, Birdatthewire’s lifetime earnings now stand at $569,090, with $526,790 of that having been banked this year.“I think it was the perfect combination,” said owner Tom Camp on behalf of Forum Racing IV. “Mike Smith is known for his liking to take horses (to the) outside, and we got out there with some room to run. When we came into the stretch, I thought we had a decent chance to catch Hot City Girl.”Ridden by Jose Ortiz, Hot City Girl carved out fractions of 22.71, 45.35 and 1:10.18. Off at 7-2, she was a handy second by 1 ¼ lengths over favored Cavorting and paid $5.40 and $3.20.Ridden by Irad Ortiz, Jr., Cavorting was a no-excuse third at 7-5 and paid $2.60 to show.“I got a perfect trip,” said Ortiz, Jr. “I can’t complain. I broke good. I got a good position and heading for home, she was doing great…She just got beat. She did everything right.”Run as the seventh race on a nine-race card, the La Brea was the third of four graded stakes on Santa Anita’s Winter Meet Opening Day.last_img read more

Perlas boosts hopes for podium finish with Vietnam rout

first_imgLATEST STORIES Nocturnal animal Mayweather visits strip club Hotdog’s Dennis Garcia dies Sports Related Videospowered by AdSparcRead Next Police seize P68-M worth of ‘shabu’ in Pasay Britain’s Prince Harry and Meghan Markle to give up royal titles OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson National Historical team rescues Amorsolos, artifacts from Taal Trending Articles PLAY LIST 00:50Trending Articles02:11SEA GAMES 2019: PH’s Nesthy Petecio boxing featherweight final (HIGHLIGHTS)08:07Athletes treated to a spectacle as SEA Games 2019 officially ends06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold05:02SEA Games 2019: Philippines clinches historic gold in women’s basketball05:21Drama in karate: Tsukii ‘very sad’ over coach’s bullying, cold shoulder03:24PH’s James Palicte boxing light welterweight final (HIGHLIGHTS) Bishop Baylon encourages faithful in Albay to help Taal evacuees Huynh Thi Ngoan led the still winless Vietnam (0-4) with nine points in the defeat.The Scores:PERLAS PILIPINAS 118 – Resultay 26, Dy 23, Pontejos 15, Castro 12, Animam 8, Almazan 6, Bernardino 6, Cabinbin 6, Tongco 6, Abaca 4, Sambile 4, Lim 2.VIETNAM 44 – Huynh 9, Trat 8, Nguyen TCT 7, Bui THT 4, Nguyen TLV 4, Nguyen TTD 4, Bui KN 2, Linh 2, Nguyen NB 2, Tran 2, Pham TDT 0, Pham TTB 0.Quarters: 20-21, 52-23, 86-33, 118-44.ADVERTISEMENT MOST READ View comments Search on for 5 Indonesians snatched anew in Lahad Datu FILE PHOTO from FIBA.comPerlas Pilipinas wrapped up its 2017 Southeast Asian Games campaign in style, decimating Vietnam, 118-44, Friday at MABA Stadium in Kuala Lumpur.The victory kept the Filipinos in the running for at least a bronze medal finish with their 4-2 card.ADVERTISEMENT What’s in store for your animal sign this year Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Don’t miss out on the latest news and information. Cindy Resultay caught fire and unfurled 26 points, eight steals, three rebounds, and three assists, while Raiza Rose Dy contributed 23 markers.Janine Pontejos came off the bench and added 15 points and four steals, while Claire Castro got 12.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Analyn Almazan controlled the boards with six markers and 12 rebounds.Perlas got it done on defense and outscored the Vietnamese, 32-2, in the second quarter to turn a 20-21 deficit into a 52-23 halftime edge which ballooned to the final spread of 74.last_img read more

Saah Qualifies for US U-14 Exhibition

first_imgSaah Kandakai, a Liberian 13-year-old tennis gem residing in New Jersey, has qualified to be part of 100 tennis kids to compete for 10 slots for an exhibition show before USTA Open, from 25 August to September 8, 2014.Saah booked his qualification when he reached the grand finals of the United States Tennis Association (USTA) Sectional U-14 qualifiers, his father and former coach, Alfred Saah Kandakai said.Mr. Kandakai told the Daily Observer yesterday that Saah’s qualification is a debut appearance for a Liberian kid to reach the finals of the USTA Sectional U-14 qualifiers.Coach Kandakai said, “Saah is on the path to be scouted for a professional tennis career to fulfill his dream.”In March 2014, said reached the quarterfinals in his first Sectional Tennis Tournament in Philadelphia, Pennsylvania, in the United States.Prior to his sectional tennis debut, New Jersey.com said in March-2014, Saah participated in the National Junior Tennis & Learning of Trenton (NJTLT), sponsored by Noah Lilienthal, a 14-year-old tennis player.The website reported that Lilienthal expressed his willingness to help Saah, describing him as a friend.The NJ.com said: “With the help of NJTLT staff, he (Saah) is driven to a Princeton University clinic twice a week with Lilienthal and supplements that with the NJTLT’s Ashe program.”Saah, an eighth-grader at the St. Michael Catholic High School left for the USA on June 26, 2013 for tennis training at the Sanchez-Casal Academy in Naples, Florida through the help of the Mamba Point Hotel and the Oceano Casino.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Conclusion of discussions will reveal Govt’s true agenda – Jagdeo

first_imgGECOM chairmanshipOpposition Leader Bharrat Jagdeo said based on the outcome of the selection of a Chairman for the Guyana Elections Commission (GECOM), Guyanese will then be able to understand the Government’s true agenda.Jagdeo was at the time addressing a packed People’s Progressive Party (PPP) Public Forum at the Umana Yana on Friday night, where he warned that the citizens of Guyana should be aware of the possibility that the Administration could become “more repressive and return to their old ways” of rigging the elections, asOpposition Leader Bharrat Jagdeoseen in the matter of the selection of the new GECOM Chairman, which has morphed into a controversial issue.“This issue has caused a lot of trepidation in the lives of many Guyanese, (this) issue is a crossroad (issue and) how it is resolved will have a lasting impact,” the Opposition Leader said.He asserted that over the period that the APNU/AFC Government has been in power, a pattern has emerged; he called attention to the many cases where a lack of transparency has been the major issue.Jagdeo therefore urged all Guyanese, supporters and non-supporters, to take a position on the GECOM Chairman controversy, emphasising that it is a “vital issue that all Guyanese should get engaged in because of the influence this will have on our lives.”He reminded that if necessary, he would press for the issue to be taken to the Caribbean Court of Justice (CCJ).ClarificationThe Opposition Leader has described the President’s unwillingness to meet with him, as “laughable”.Earlier this month, Jagdeo had written to President David Granger requesting that he clarify his interpretation of what the qualifications of the GECOM Chair were, and to reconcile “any differences of opinion which may exist on this issue,” as it relates to appointing the new Chairman.Subsequently, a response was sent indicating that the matter will be dealt with at the level of an Attorney General, where the Legal Affairs Minister Basil Williams will meet with Jagdeo and an Attorney selected by the PPP.According to the former President, this action of Granger’s has caused many persons of the public to speculate that he [Granger] refuses to meet with Jagdeo either because he is “getting bad advice from an incompetent Attorney General” or that he aims to appoint someone of his choice that will help to rig the elections in favour of the APNU/AFC Government.“If the second interpretation is true then I can see why the President doesn’t want a meeting. No amount of legal arguments – as strong as they are – will change his opinion because he will not be swayed by legal arguments, because he is already hell-bent on getting his way. [However] There is hope if the first view is the relevant one.”However, the Opposition Leader said that he will be meeting with Attorney General Basil Williams to interpret the Constitution. “We will meet the Attorney General – that nightmare thing to do – but we will do it,” he stated.Interpretation of the ConstitutionAdditionally, Jagdeo expressed his interpretation of the Constitution, highlighting that history is on the PPP/C’s side, in reference to the fact that architectures of the Constitution – former Presidents Cheddi Jagan and Desmond Hoyte – abided by the same interpretation.The controversy on the matter revolves around the different interpretations of the Opposition Leader and the Government on Article 161(2) of the Guyana Constitution on the appointment of a new GECOM Chairman.The relevant section of the Constitution states, “The Chairman of the Elections Commission shall be a person who holds or who has held office as a judge of a court having unlimited jurisdiction in civil and criminal matters in some part of the Commonwealth or a court having jurisdiction in appeals from any such court or who is qualified to be appointed as any such judge, or any other fit and proper person, to be appointed by the President from a list of six persons, not unacceptable to the President, submitted by the Leader of the Opposition after meaningful consultation with the non-governmental political parties represented in the National Assembly.”The Opposition’s understanding conforms to the updated Constitution, which incorporates the Carter Formula to have a democratic process for the appointment of a chairman.The Carter Formula is designed and intended to achieve consensus between Government and the Opposition regarding the appointment of GECOM’s Chairman.GECOM’s composition was also designed to achieve a certain degree of equilibrium, hence three nominees from the governing party and three from the Opposition, with the Chairman holding a balance of power with a casting vote.Granger’s interpretation on the other hand, seems to reflect the old 1980 Constitution, commonly known as the “Burnham Constitution”, which limits the pool of persons to be appointed to GECOM’s helm to only judges or those eligible to be a judge. This version of the Constitution also gives the President the power to unilaterally appoint a GECOM Chairman.Attorney General Basil Williams and Vice President Khemraj Ramjattan had both signalled Government’s intention to activate a clause in the Constitution to allow the President to unilaterally appoint a GECOM Chair. Such a move would be dangerous as it alters the democratic process regarding the appointment of a person to be tasked with overseeing the elections process in the country.Following the unjustified rejection of the six nominees presented by Jagdeo for the position of the Chairman of GECOM, the Opposition Leader had sought clarification.However, on Wednesday, Jagdeo received a letter from the President, which did not provide the clarification that the President had promised, and this did not sit well with the former President, who then issued a statement expressing his disappointment that the Government had not furnished the clarity sought in a matter of such national importance and magnitude, but instead sought to proposed that a meeting be held between Attorney General Basil Williams and a person of the Leader of the Opposition’s choice “in order to avoid further misinterpretation or misunderstanding of this important constitutional matter”.The statement further stated that in the interest of the nation, the Opposition Leader will accede to the President’s request, and will send a representative to the meeting with the Attorney General.Granger had claimed that the initial candidates were unacceptable on the basis that they did not meet the constitutional requirement of being a judge or possessing the qualifications of a judge despite the fact that the Constitution provides for any other “fit and proper” person to be nominated.When questioned by media operatives, President Granger on Wednesday said, “I am obliged to conduct meaningful consultation with him; I will not make any choice unless the consultation is completed… I am a man of great patience; this is a constitutional matter that is important to Guyana and I don’t want to bring the process to an end without both sides being satisfied,” he expressed.last_img read more

Miner chopped to death while guarding gold mats

first_imgA miner, who was left to guard a sluice box containing two “gold mats” was chopped to death by a co-worker at 111 Miles Madhia, Region Eight (Potaro-Siparuni), who later removed the two mats and escaped. Dead is 56-year-old Damion Scipio, also called “Rasta man” of Moco Moco Village, Central Rupununi.Reports are the chopping incident occurred between 23:00h on Friday evening and 06:00h on Saturday morning. However, the suspect was subsequently arrested at BK Old Road Backdam, Potaro River.Police investigations have so far revealed that the victim was performing security duties at the camp belonging to a prominent mining company when he was attacked and chopped three times to his head and once to his left wrist which was almost severed.The suspect then removed the gold mats that the victim was protecting and fled the scene. As a result of a quick response from detectives in F Division (Interior locations), he was apprehended. It is unclear if the mats were recovered but the suspect was taken into Police custody and is being processed for court.The body of Scipio was taken to the Madhia Hospital Mortuary awaiting a post-mortem examination. Police are continuing their investigations.The Police in a recent release stated that a total of 35 murders were recorded up to the end of April when compared to 53 during the same period in 2016. This saw a 34 per cent decrease.Of the 35 murders, 20 were as a result of disorderly behaviour, four as a result of domestic disputes, five stemmed from robberies under arms and three were as a result of execution-style killings. The Police are yet to determine the circumstances surrounding the remaining three.Fourteen of those murders were committed in A Division (Georgetown-East Bank Demerara) followed by 10 in F Division (Interior locations); six in B Division (Berbice) and four in D Division (West Bank Demerara-East Bank Essequibo). One of the heinous crimes was committed in C Division (East Coast Demerara).last_img read more

Four head to Washington

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2“It’s taken many a night for them to come in and do this, but they are hard-chargers,” Osano said. Sarah, Tamara and Tess created a 10-minute documentary on segregation, telling the 1957 story of the Little Rock Nine, the first blacks to attend Little Rock Central High School and their push for an education equal to that of their white peers. Through black-and-white photos and old footage, the girls pieced together the story, complete with actual interviews with the participants. The three take turns narrating as the story unfolds. Aside from learning about the video cameras and editing equipment they used for the documentary, the students were intrigued by the history lesson that they became immersed in. “They were around our age and did what they believed in and wanted to,” Tamara said. CASTAIC – Four Castaic Middle School students who have creamed their competitors in county and state history competitions are hoping for a three-peat at the nationals. The four head next month to Washington, D.C., where they’ll represent Los Angeles County at National History Day. The event involves about 100 competitors, no more than two from each state, who tell history tales through different mediums, such as Web sites, plays, research papers, documentaries and board projects. At Castaic Middle School, seventh-graders Sarah Dimonte, Tamara Long and Tess Molinar along with sixth-grader Tomo Downs have worked on their projects for hundreds of hours after school with video production teacher Ro Osano. While the girls worked on their documentary, Tomo opted to make a blue-and-red stand full of pictures and information about the 442nd Regimental Combat Team, an all-Japanese U.S. Army troop that was the most-decorated outfit in World War II fighting. Using a bottle cap, Tomo circled the face of one young soldier in red – the man who became his grandfather, Tomo Ichi Matsuda. Because his grandfather died five years ago, Tomo learned much of the information for his project through interviews with other Japanese-American veterans. He also visited foundations and museums that focus on Japanese history. After reading about the struggle Japanese-Americans faced during WWII, Tomo was immediately hooked on the story, especially after learning about internment camps. Osano estimated that Tomo spent more than 300 hours on his project. “The first day that I started researching this, I was like – whoa,” Tomo said. since the fall sue.doyle@dailynews.com (661)257-5254160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

DONEGAL DOCTORS TO HOLD MEETING ABOUT ‘CRISIS’ IN GENERAL PRACTICE

first_imgDoctors from Donegal will meet in the Abbey Hotel in Donegal town this Monday to protest at the lack of consultation on the new GP contract and to highlight  what they say is the crisis taking place in general practice.Doctors are outraged at crisis in general practice.The meeting is the fifth in a series of meetings organised by doctors across the country to draw attention to the damage being done to patient care due to the lack of resources.The GPs are also concerned about the new contract offered to GP’s to treat children under the age of six. The contract, they say, will create further problems in general practice and push GP’s into an even deeper crisis, create waiting lists for the first time in general practice, discriminate against older and disabled people, and put an unacceptable ‘gag’ on general practitioners.It follows similar meetings in Cork, Limerick, Galway and Mayo which attracted 900 GPs in total and 31 members of the Oireachtas. Another meeting will be held in Dublin two days later in the Burlington Hotel (April 9th).Nine Oireachtas members have confirmed their attendance at the Donegal meeting including Pearse Doherty (SF), Padraig MacLochlainn (SF), Joe McHugh, (FG) and Charlie McConalogue (FF).Donegal GP Dr Brendan Woods will chair the meeting and GPs based in the north-west, Dr Karena Hanly, Dr Vincent Brett and Dr Zach Johnson. Dr Brendan Woods said Monday night’s meeting will be “an opportunity for us to express to our elected representatives the reality of what is going on in general practice and why they should be concerned”.Presentations will be given to the meeting on how the FEMPI cuts are causing hardship within their practices, and preventing them from offering a full range of services.GPs are concerned that the cuts are having a negative impact on patients and that this issue is being ignored.They say that patients are at risk because of cuts and that general practice – one of the most effective arms of the health service – is in danger of being destroyed because of a lack of resources.Following the media attention given to plans by the Minister for Health to introduce Universal Health Care (UHI) this week, GPs say that it is much more important at the moment to focus on the health service as it is now, and particularly, providing services to patients at primary care level and ensuring that they receive those services. DONEGAL DOCTORS TO HOLD MEETING ABOUT ‘CRISIS’ IN GENERAL PRACTICE was last modified: April 5th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:abbey hoteldoctorsDonegal Townmeetinglast_img read more

FRUSTRATION FOR HORGAN AS COBH HOLD HARPS

first_imgThere was bitter frustration for Ollie Horgan as his side were held to a draw by a dogged and spirited Cobh Ramblers side at Finn Park.Harps dominated possession but failed to penetrate the well organised Cobh defence.When Harps did break through Paul McVeigh was cynically fouled and Cobh centre-half Craig Burns was lucky not to see red. Cobh threatened on the break but the first-half passed without any clear cut opportunities.Harps upped the tempo in the second-half, with Gareth Harkin exerting greater influence on the game.Ciaran Coll forced two wonderful saves from the Cobh goalkeeper Robbie Birdsall.Birdsall replaced Shane Hallahan who was forced to go off after a collision with Caoimhe Bonner. Harps had another half chance through Kevin McHugh but the striker dragged his effort wide.Cobh almost scored on the counter attack through Martin Deady but Conor Winn made a good stop.The results dents Harps promotion hopes, and they need to beat Galway next week at Finn Park to keep those flagging hopes alive. FRUSTRATION FOR HORGAN AS COBH HOLD HARPS was last modified: July 12th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Cobh Ramblersfinn harpsnewsSportlast_img read more

SA’s current account deficit narrows

first_img19 March 2012 South Africa’s current account deficit narrowed to 3.6% of GDP in the fourth quarter of 2011, while foreign direct investment inflows increased substantially, the Reserve Bank says in its latest quarterly bulletin. “Relative to the country’s gross domestic product, the deficit on the current account decreased from 4.1% in the third quarter of 2011 to 3.6% in the fourth quarter,” the Bank said on Monday. According to the bulletin, this was helped by lower dividend payments to non-residents. “Relative to the country’s gross domestic product, the deficit amounted to 3.6% – fairly moderate compared with recent history,” the Bank said. ‘Significantly lower gross dividend payments’ “The smaller deficit in the fourth quarter of 2011 can mainly be ascribed to significantly lower gross dividend payments following exceptionally large dividend declarations in the third quarter.” According to the Bank, the negative imbalance on the services, income and current transfer account narrowed noticeably, by about R45-billion to R93-billion in the fourth quarter. The current account deficit for the whole of 2011 widened to 3.3% of Gross Domestic Product (GDP) from 2.8% in 2010. This was due to a sharp deterioration in the second half of last year.Foreign direct investment increases Meanwhile, foreign direct investment inflows into South Africa increased substantially, to R18.7-billion in the fourth quarter of 2011, compared with an inflow of R2.8-billion in the third quarter. According to the central bank, the capital inflows emanated mainly from the UK and China, and were largely directed towards the country’s mining, communications and financial intermediation sectors. “Cumulatively, direct investment inflows came to R42.1-billion in 2011, notably more than the inflow of R9-billion registered in 2010,” the Bank said. “As a ratio of gross domestic product, the direct investment inflows rose from 0.3% in 2010 to 1.4% in 2011.” Source: BuaNewslast_img read more