€6m development announced for Castletroy Park Hotel in Limerick

first_imgLinkedin News€6m development announced for Castletroy Park Hotel in LimerickBy Staff Reporter – May 29, 2017 1583 TAGScastletroy park hotelfeaturedlimerickMichael NoonanPat McDonagh Pat McDonagh and Minister Michael Noonan in Limerick this Monday Pat McDonagh and Minister Michael Noonan in Limerick this MondayTHE Castletroy Park Hotel is to undergo a major new development as it embarks on €6m expansion plan over the next 18 months.Supermacs and Só Hotels owner Pat McDonagh, made the announcement this Monday in a plan that will see the size of the hotel increase by almost 50 per cent above its existing 107 bedrooms and executive suites.The expansion will also see a new state of the art fitness and leisure facility and a corporate business hub developed. Minister for Finance, Michael Noonan, TD was in Limerick this Monday to announce the plans with Mr McDonagh.Sign up for the weekly Limerick Post newsletter Sign Up The development will see €6million invested in the Limerick economy over the next 18 months and 110 jobs will be supported during the construction phase of the project. An additional 40 permanent jobs will be created in the Hotel itself. The project will generate an estimated €30million in the Limerick economy over the next 10 years.Speaking of the city as a location for business Mr McDonagh said that few places in the country come near Limerick in terms of what it offers the corporate, leisure and sports tourism sectors.“A recent study indicated that Limerick has overtaken Dublin in terms of job vacancy rate. The region is now a business hot spot and the physical infrastructure around the city is changing dramatically. There is a significant motorway network feeding the city plus an international airport in Shannon on our doorstep,” Mr McDonagh said.The Castletroy Park Hotel which was originally founded by Chuck Feeney the noted American philanthropist, was envisioned from the very outset as a top-rated facility complementing the status of the University of Limerick status and he is committed to continuing to deliver on that vision”, he added.Mr McDonagh, who is a graduate of Mary Immaculate College, described Limerick as the Irish ‘capital of education’. He said this investment is a vote of confidence in Limerick and he said he is hugely impressed with the success of the city in attracting national and international business investment as well as the progressive steps being taken to address lifestyle, amenity and urban development.The Galway native praised the University of Limerick which he said has grown from 100 students 40 years ago to being currently one of the biggest and most enterprising Irish universities.  He said the recent appointment of Professor Des Fitzgerald as UL President is testimony to the ability of the institution to attract the best and brightest to Limerick.Mr McDonagh said that developments at Mary Immaculate College and Limerick Institute of Technology have paralleled the pace of development at UL and he said the student population of the city is now on a par with the total population of most Irish county towns. Mr. McDonagh went on to say that Limerick is now reaping the rewards of its reform of administration into one single city and county municipal authority. “I believe that the reformed council, under its CEO Conn Murray, will lead Limerick to a prime place among international city’s,” he said.Minister Noonan said that this development was a huge vote of confidence in the Ireland’s third city and one that will compliment but the hotel and the surrounding infrastructure that will benefit from it.An application seeking planning permission for the development will be lodged with Limerick City and County Council this week. Previous articleN18 set to reopen following crashNext articleCouncil needs plan to tackle a knotty problem Staff Reporterhttp://www.limerickpost.ie Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Twitter Advertisement Emailcenter_img WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Print RELATED ARTICLESMORE FROM AUTHOR Limerick’s National Camogie League double header to be streamed live Facebook WhatsApp Limerick Ladies National Football League opener to be streamed live Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

Delhi High Court Seeks Reply From RBI, SEBI, NPCI On Plea Seeking Regulation Of GooglePay, AmazonPay, PhonePe Etc

first_imgNews UpdatesDelhi High Court Seeks Reply From RBI, SEBI, NPCI On Plea Seeking Regulation Of GooglePay, AmazonPay, PhonePe Etc Shreya Agarwal9 Dec 2020 8:59 AMShare This – xThe Delhi High Court on Wednesday sought reply from the Ministry of Law, Finance Ministry, RBI, SEBI, and National Payments Corporation of India (NPCI) on a public interest litigation seeking regulation of the entry and operations of “tec-fin” companies like GooglePay, AmazonPay, PhonePe and others. The petition, which has been filed by an applied economist, Reshmi P Bhaskaran, seeks…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Delhi High Court on Wednesday sought reply from the Ministry of Law, Finance Ministry, RBI, SEBI, and National Payments Corporation of India (NPCI) on a public interest litigation seeking regulation of the entry and operations of “tec-fin” companies like GooglePay, AmazonPay, PhonePe and others. The petition, which has been filed by an applied economist, Reshmi P Bhaskaran, seeks the High Court to direct inter alia that these “TechFin” companies be allowed to operate in the country only after having their registered offices here, their necessary approval/ registration from the appropriate financial regulators, the formulation of a strict framework for their entry and operation through any mode (including partnerships with existing financial entities), and their mandatory statutory audit. A bench of Chief Justice D N Patel and Justice Prateek Jalan also issued notice to the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) seeking their stand on the plea. The petition, filed through Advocate Deepak Prakash, alleges that though in the current UPI (United Payments Interface) regime GooglePay, AmazonPay and PhonePe control more than 85% market share, they do not require any authorization from RBI for their entry or operation and are allowed to operate without any supervision from the apex regulatory authority. The petition also raises concern that these companies are not held accountable to similar standards as other licensed entities/ intermediaries and that if they are not given an ‘even playing field’ authorized intermediaries will lose business. Currently, NPCI is the sole authority owning and regulating a pan-India digital payments network. There has also been news that the RBI is looking to bolster digital payments competitions with National Umbrella Entities (NUE). NUEs, which are umbrella entities for digital payments, will have the same powers and responsibilities as the NPCI.Click Here To Download Petition[Read Petition]Next Storylast_img read more

Ameri-Kart consolidating operations to Bristol

first_img Pinterest Google+ Pinterest Facebook Ameri-Kart consolidating operations to Bristol Twitter By Carl Stutsman – June 5, 2020 0 543 Facebook WhatsApp Twitter WhatsApp IndianaLocalNews Courtesy of Bristol Town Facebook Page Ameri-Kart has announced that it will be consolidating its operations, currently split between factories in Indiana and Michigan, into Indiana.Read the full release from the Indiana Economic Development Corporation below:Ameri-Kart Expanding in Indiana, Moving Operations from MichiganBRISTOL, Ind. (June 5, 2020) – Ameri-Kart, a Myers Industries Inc. company (NYSE: MYE) and a rotational molder and thermoformer, announced plans today to expand its Elkhart County manufacturing operations, consolidating its Michigan and Indiana operations and creating up to 210 new jobs in Indiana by the end of 2022.“Thanks to manufacturers like Ameri-Kart growing and producing in our state, Indiana continues to build on its reputation as one of top manufacturing states in the nation, with nearly 30% of our state’s economic output coming from the manufacturing industry,” said Indiana Secretary of Commerce Jim Schellinger. “We’re grateful Ameri-Kart chose to continue growing its Indiana operations, and are excited to support their continued success in our state.”Ameri-Kart, which manufactures a broad range of custom plastic parts within the RV, marine, agricultural, construction, manufacturing and safety industries, will invest approximately $10.1 million to construct and equip a new, state-of-the-art production facility in Bristol on 32 acres at 1667 Commerce Drive near I-80/90 and I-94. The new 234,000-square-foot facility will accommodate the consolidation of Ameri-Kart’s existing operations in Bristol, as well as its operations in Cassopolis, Michigan. Construction is underway, and the company plans to begin relocation in staged phases this fall and be fully moved into the facility by early 2021. The move will support the company’s efforts to increase efficiency of operations and enhance customer service.“We are excited to be making this investment in our community,” said Kristian Stankiewicz, president of Ameri-Kart. “The larger, modern facility will allow us to continue delivering highly innovative products and quality service to our customers and provide an improved work environment to our employees.”The company, which currently employs 138 associates in Bristol and 85 in Michigan, plans to begin hiring for positions in professional and production roles in Bristol beginning late September. Interested applicants may apply online.“The Town of Bristol is both excited and grateful that Ameri-Kart has selected our town to locate their new state-of-the-art production facility,” said Bristol Town Council President Jeff Beachy. “Ameri-Kart has been a great business partner for many years, with their current facility located just outside Bristol town limits, so when they approached us about building their new facility in our North Industrial Park we were more than excited and supportive of their project. We look forward to seeing the new facility as it springs to life from the once vacant property, into a thriving business. We wish Myers Industries, the Ameri-Kart leadership team and their employees much success as they invest in the growth of their business operations, their new facility and also for their investment they are making in the Town of Bristol.”Founded in 1989, Ameri-Kart manufactures a wide range of molded plastic parts and assemblies that meet customer design specifications and production requirements for a variety of industries. The new facility will accommodate state-of-the-art rotomold and thermoform manufacturing technologies, an improved lean equipment layout and automated workflows. Coupled with ergonomic and biophilic design throughout the building, these improvements will drive increased efficiency, and further enhance employee productivity and job satisfaction.The Indiana Economic Development Corporation (IEDC) offered Ameri-Kart Corp. up to $1.35 million in conditional tax credits based on the company’s job creation plans. The IEDC also offered up to $400,000 in conditional tax credits from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The Town of Bristol supports the project. Google+ Previous articleNotre Dame football players back on campus MondayNext articleMissing swimmer’s body found in Bass Lake Carl Stutsmanlast_img read more

New recruit for Krispy Kreme UK

first_imgDoughnut retailer Krispy Kreme UK has appointed Alison Reeves as its new customer insights and communications manager.The former consumer divisional marketing manager for beauty brand Dermologica has joined the company in a bid to support Krispy Kreme UK’s growth strategy to double its UK estate in the next three years. She will oversee new store openings and the overall customer experience.Reeves said: “I am thrilled to be given the opportunity to work for such a fun and iconic brand like Krispy Kreme UK. I’m joining the company at a really exciting time as it continues to expand its retail offering and look forward to the challenges that lie ahead.” Judith Denby, chief marketing officer at Kripsy Kreme UK, said: “With a wealth of experience behind her and a passion for the brand, we know Alison will make a great addition to the Krispy Kreme UK family. Her dedication to understanding customer needs and ambition to develop the brand, embody Krispy Kreme UK’s key values.”A company spokesperson told British Baker that Krispy Kreme UK is on track with its store openings for this year, with its 50th outlet opening in Gateshead, Newcastle next Thursday (6 September). Around three more store openings before the end of the year.They could not confirm whether plans to move into Scotland, where the company currently does not have a footprint, was on the cards but said it was on the company’s radar due to the amount of interest consumers from the region have shown on social media platforms such as Facebook.The firm has also been conducting a nationwide Summer Road Trip campaign to celebrate the 75th anniversary of its signature original glazed doughnut. More than 1,000 locals in Glasgow have queued up today (31 August) to take home a free sweet baked treat.Krispy Kreme UK is giving away 300,000 doughnuts in total in over 40 UK locations during a nine-week period as part of the campaign.last_img read more