LASIAMA Begins Renovation of 20 Schools in Lagos

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LASIAMA Begins Renovation of 20 Schools in Lagos

Lagos State Infrastructure Asset Management Agency (LASIAMA) has commenced renovation work in Secondary Schools across the state.

At a project meeting with Principals of the affected Schools on Thursday, the General Manager of the Agency, Nike Adekanbi stated that this phase of work became necessary following a comprehensive assessment of the state of schools in Lagos State by LASIAMA and the Ministry of Education.

The meeting, according to her was a strategic move to strengthen the relationship between the Agency and the Principals, being major stakeholders on the on-going rehabilitation projects, while adding that LASIAMA would subsequently embark on routine maintenance of the facilities.

She said further that the scope of work involves repairs of plumbing, electrical, windows and doors, damaged roof and walls, toilet and other essential features of the building to make them conducive and functional.

On the anticipated quality of work, the General Manager noted that the Agency, Contractors and End Users are all on the same page on LASIAMA’s zero tolerance for substandard work as the objective is to make the schools’ infrastructure better than they were.

“We have told our contractors of our zero tolerance for poor quality and the need to achieve the best value for money,” she said, adding that every step is being taken to ensure effective monitoring of projects in order to forestall compromise on quality.

She also stated that the Agency is operating in the full spirit of rapid delivery of services to the good people of Lagos, in the bid to fulfil its own share of efforts to make Lagos a twenty-first-century state.

On their part, the School Principals commended the administration of Governor Babajide Sanwo-Olu for giving necessary attention to the state of School Infrastructures while some noted that such efforts have not been witnessed in recent years.

The renovation projects which are to be implemented within one to four months is only a fraction of several Government-owned Infrastructures and Assets to receive attention across various sectors in 2020.

It would be recalled that one of the first actions of Mr Governor upon assumption of office was to call for an assessment of the Lagos State Infrastructure Asset Management Agency (LASIAMA) with a view to making the Agency more vibrant and alive to its establishing mandates.

China Dongxiang Announces Operational Results for Q3 and the First Nine Months of FY2019/20

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China Dongxiang Announces Operational Results for Q3 and the First Nine Months of FY2019/20

Accumulated Retail
Performance Recorded Sustained Growth

Implementation of
Direct-franchise Operation Model Achieved Initial Success

 

HONG KONG, CHINA – Media OutReach – 17 January 2020 – The leading international
sportswear brand enterprise in the PRC, China
Dongxiang (Group) Co., Ltd. (“China Dongxiang” or “the
Company”, together with its subsidiaries, “the Group”, HKEx
stock code: 3818) announces the operational data for the three months ended 31
December 2019 (”FY2019/20 Q3”) and the nine months ended 31 December 2019 (”First
Nine Months of FY2019/20”).

 

For the
FY2019/20 Q3, the retail performance of Kappa stores (excluding Kappa kids’
apparel business and Japan business) for the overall platform registered a low-teen
growth on a year-on-year basis, of which the off-line business recorded a mid-single-digit
growth and the e-commerce business recorded a low-forties growth. The retail
performance of the overall platform for the First Nine Months of FY2019/20 registered
a low-teen growth on a year-on-year basis, of which the off-line business
recorded a mid-to-high single-digit growth and the e-commerce business recorded
a low-forties growth.

 

As for the same-store-sales (“SSS”), for the FY2019/20 Q3, in respect of
Kappa stores (excluding Kappa kids’ apparel business and Japan business) which
have been in operation since the beginning of the same quarter the previous year,
the SSS for the overall platform registered a mid-to-high single-digit increase
on a year-on-year basis, of which the off-line business recorded a mid-to-low
single-digit decrease while the e-commerce business registered a low-forties
growth. The SSS for the overall platform for the First Nine Months of FY2019/20 registered a mid-single-digit
increase on a year-on-year basis, of which the off-line business recorded a
mid-to-low single-digit decrease while the e-commerce business registered a
low-forties growth.

 

For
the third quarter ended 31 December 2019, the number of retail stores of the Group under the Kappa brand was
1,186 (excluding Kappa kids’ apparel business and Japan business), representing
a net decrease of 23 as compared with that as at 31 March 2019 (”the end of
FY2018/19”). The Group will further reduce the number of stores that recorded unsatisfactory
performance.

The performance of the Kappa business has successfully met the Group’s
expectations through reforms of sales channels, products and supply chain
management. At present, the principal driver of sales growth is the development
of channels. From the analysis by sales channels, business performance of
outlets and shopping centres demonstrated a steady growth. From the analysis by
business structure, the key performance indicators of e-commerce business and
certain major geographical segments have reached remarkable levels. Meanwhile,
a front-end and back-end structure has been completely set up for supporting
the ”direct-franchise” operation model, showing initial signs of improvement
in inventory management with a decrease in inventory level.

 

Mr. Zhang Zhiyong, CEO, President and Executive Director of China Dongxiang, said, “The Group insisted on the implementation of direct-franchise
operation model and paid more attention to those crucial and specific measures,
including performance enhancement by accelerating localisation of the sales
teams in certain regions, pushing through reform of products and sales teams
for speeding up inventory turnover of its omni-channel retail network and
further reducing inventory level, as well as establishing a competitive
complete system model by strengthening its product mix. Going forward, the
Group will keep on optimising and upgrading its products by implementing
comprehensive reforms.”

About China Dongxiang (Group) Co., Ltd. (Stock code: 3818)

China Dongxiang (Group) Co., Ltd. is a
leading international sportswear brand enterprise in China which has been
listed on the Main Board of the Hong Kong Stock Exchange since 10 October 2007.
The Group is primarily engaged in the design, development, marketing and
wholesale of branded sportswear in China. Currently, China Dongxiang owns all
rights to the internationally renowned Kappa brand in China, Macau and Japan.
On 1 May 2008, China Dongxiang completed the acquisition of PHENIX, a Japanese
sportswear enterprise. PHENIX is the most popular ski brand in Japan with the
largest market share, as well as a well-known brand in the international
market.

Rododo – Three Great Years of Hotpot/Steamboat’s Success Story: While Setting a New Record in Taiwan’s 100-years-old F&B Industry

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Rododo – Three Great Years of Hotpot/Steamboat’s Success Story: While Setting a New Record in Taiwan’s 100-years-old F&B Industry

KUALA LUMPUR, MALAYSIA – Media OutReach – 17 January 2020 – Under the slogans as “The best Hotpot/Steamboat service in Taiwan’s
F&B industry”, “The incredible rapid expansions” and “The unimaginable
large meat portion offerings “.  Rododo
Hotpot/steamboat has set many records in Taiwan’s F&B industry.  Also known for “The fastest development of
any company operated restaurant chain”, “The highest restaurant opening success
rate in this industry”, “The fastest single brand to reach annual revenue of
$33 million USD total sales”, and “The highest demand for new restaurant
managerial positions”. 

Opening of the first Rododo Hotpot/Steamboat overseas in Kuala Lumpur. Mr. David Hsu, Director of Economic Division, Taipei Economic and Cultural Office in Malaysia, and two economic secretaries, Mr. Samuel Ko and Mr. Greg Lee have been invited to sample the hotpot and provide their comments. 

On November 22, 2019, Rododo
Hotpot/Steamboat opened its first international restaurant in Kuala Lumpur,
Malaysia, and is planning for continue expansion of new restaurants into Japan,
Korea, China, Hong Kong, Macao, Singapore, US and Canada markets in the very
near future.

    

During rapid expansion in 2018, with its
27 company operated restaurants in the market, already generated $40 million
USD revenue. At present moment, its 34 company operated restaurants systemwide
is expected to generated approximately $50 million USD in annual revenue. While
Rododo Hotpot/Steamboat focusing on International expansion, also evaluating
market such as Kuala Lumpur for acceptance of Taiwan’s brand. 

 

Rododo Hotpot/Steamboat’s rapid
development of company operated restaurants means more opportunities for its
managerial staff to be exposed and be able to acquire International business
operation know-hows.

 

The first Rododo’s
overseas restaurant in Kuala Lumpur highlights ready-to-eat Sichuan Spicy
Hotpot/Steamboat Soup base and also has an outdoor dining area to suit local
dining habits, plus the brand’s strong reputation for its relentless pursuit to
perfection services.  As expected, Rododo
Hotpot/Steamboat has immediately grabbed the local gourmets’ appetites, and
captured the full attention of Kuala Lumpur’s traditional media, as well as
social media for having highlighted as a well-known restaurant which always has
a line up crowds of eager diners.

 

In
2020, Rododo’s expansion will emphasize the broadening of the brand’s market
coverage.  Especially in Taiwan, they are
targeting new markets for new company restaurant openings every month, while
overseas expansion will estimate up to 6 new restaurants opening as an initial
target.

 

Average Price for Diesel Increases; Petrol Drops in December – NBS

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Average Price for Diesel Increases; Petrol Drops in December – NBS

The average prices paid by consumers for automotive gas oil (diesel) have increased while the cost of premium motor spirit (petrol) has decreased, the Nigeria Bureau of Statistics has said.

According to the report, the average price paid by consumers for premium motor spirit (petrol) decreased by -0.29% year-on-year and by -0.41% month-on-month to N145.35 in December 2019 from N145.94 in November 2019.

“States with the highest average price of premium motor spirit (petrol) were Benue (N148.50), Kebbi(N147.69) and Abia (N147.33).”

“States with the lowest average price of premium motor spirit (petrol) were Taraba (N143.13), Abuja (N143.67) and Jigawa (N144.14).”

The bureau said the average price paid by consumers for automotive gas oil (diesel) increased by 2.10% month-on-month and by 3.72% year-on-year to N229.81 in December 2019 from to N225.08 in November 2019.

“States with the highest average price of diesel were Benue (N266.25), Borno (N257.36) and Taraba (N246.67).”

“States with the lowest average price of diesel were Rivers (N203.81), Bayelsa (N209.17) and Ekiti (N215.00).”

Download the Diesel and Petrol Price Watch Report…

Nigerians paid more for Kerosene and Cooking Gas in December – NBS

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Nigerians paid more for Kerosene and Cooking Gas in December – NBS

The National Bureau of Statistics (NBS) said that the average price per litre paid by consumers for National Household Kerosene increased by 0.96% month-on-month and by 10.27% year-on-year to N320.59 in December 2019 from N317.54 in November 2019.

The bureau announced this in a “National Household Kerosene Price Watch (December 2019)’’ released on Friday in Abuja.

According to the report, states with the highest average price per litre of kerosene were Imo (N386.01), Gombe (N380.95), and Adamawa (N360.21).

Also, states with the lowest average price per litre of kerosene were Delta (N260.48), Borno (N269.81) and Abuja (N273.33).

Similarly, the average price per gallon paid by consumers for National Household Kerosene increased by 0.20% month-on-month and by 4.87% year-on-year to N1,212.75 in December 2019 from N1,210.37 in November 2019.

“States with the highest average price per gallon of kerosene were Adamawa (N1,325.00), Borno/Jigawa (N1,300.00) and Abia (N1,291.67).”

“States with the lowest average price per gallon of kerosene were Delta (N1,122.27), Bayelsa (N1,129.17) and Akwa Ibom (N1,136.00).”

However, the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.92% month-on-month and decreased by -1.66% year-on-year to N2,018.68 in December 2019 from N2,000.29 in November 2019.

Also, states with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,491.57), Borno (N2,383.33) and Adamawa (N2,379.36).

“States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Ebonyi (N1,702.47), Kaduna (N1,800.00) and Abuja (N1,805.40).”

Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 1.34% month-on-month and decreased by -3.60% year-on-year to N4,176.20 in December 2019 from N4,121.15 in November 2019.

“States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N4,680.05), Cross River (N4,638.76) and Benue (N4,600.00).”

“States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Zamfara (N3,600.00), Kano (N3,689.17) and Kaduna (N3,720.00).”

Download the Cooking Gas and Kerosene Price Watch Report…

Fela, Awo’s Statues not Destroyed – LASG

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Fela, Awo’s Statues not Destroyed – LASG

…We Hold Our Heroes In High Regard, Govt Insists

Lagos State Government has described as false, the news making the rounds in some quarters of the social media, claiming that it has destroyed the statues of Nigerian music legend and social crusader, Fela Anikulapo-Kuti and the late politician, Chief Obafemi Awolowo – both erected at the roundabout on Allen Avenue in Ikeja.

Speaking to journalists on Thursday, the State’s Commissioner for Transportation, Dr. Frederic Oladeinde who debunked the social media story said contrary to the malicious claims being spread by ill-informed individuals, the statues were removed for the purpose of development.

Oladeinde said the need to carry out Junction improvements in some identified locations necessitated the removal of street furniture, statues of very notable personalities, artworks and billboards.

The Commissioner noted that Lagos State Government holds the nation’s heroes in very high esteem and would not do anything to bring down the exalted heights they have attained during their lifetime directly or indirectly.

He said: “the Babajide Sanwo-Olu administration, in a bid to finding a lasting solution to traffic gridlocks in the State, identified about sixty congestion points and have started work to improve traffic experience in five major locations.

Oladeinde said the government duly informed and consulted the Fela Anikulapo-Kuti family before the action was taken, noting that the whole process is for the benefit of Lagos residents.

The Commissioner said the Fela statue will be relocated to the roundabout between Allen Avenue and Opebi-Toyin Street.

“We are in the process of erecting the beautiful work of art, depicting Fela Anikulapo-Kuti at the Opebi-Toyin street junction. The Ministry of Tourism, Arts and Culture are also working on a befitting location to erect the old Obafemi Awolowo statue,” he said.

Lagos Agencies set to Combat Building Collapse

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Lagos Agencies set to Combat Building Collapse

The Acting General Manager of the Lagos State Materials Testing Laboratory, LSMTL, Engr. Olalekan Ajani has stated that effective collaboration among Lagos State Agencies will ensure a drastic reduction in building collapse across the State.

Engr. Ajani, who stated this during his meeting with the Director-General, Lagos State Emergency Management Agency, Dr. Olufemi Oke-Osanyintolu, at Safety Arena, Oshodi on Wednesday, said LSMTL was determined to have an effective collaboration with sister agencies, especially LASEMA, towards building a better working relationship.

He explained that effective collaboration among sister agencies will go a long way in helping to prevent the issue of building collapse arising from the use of substandard materials and disregard for rules and regulations for building construction in Lagos State.

According to him, “If contractors and builders adhere strictly to stipulated rules and regulations and use recommended standard materials or have their materials tested by LSMTL before the commencement of construction there would be a drastic reduction in collapse buildings and the resultant loss of lives and property across the metropolis”.

Speaking in the same vein, Dr. Olufemi Oke-Osanyintolu said there is a need for effective collaboration and partnership among key agencies of the State government in order to prevent the issue of collapsed buildings and enhance the safety of lives in the State.

He disclosed that with LASEMA having zonal offices in each of the 57 Local Governments and Local Council Development Areas, the agency is ready to render all necessary support to LSMTL in achieving the set goals and objectives of the present administration.

LASG to Monitor, Regulate Activities of Informal Businesses

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LASG to Monitor, Regulate Activities of Informal Businesses

…Advises Business Owners to Comply With Operational Standards

The Lagos State Government has reiterated the need for Lagosians in the informal business sector of the economy, especially those in urban areas, to comply with operational standards, rules and regulations of the government.

The Acting General Manager, Lagos State Planning and Environmental Monitoring Authority, LASPEMA, Engr. Kazeem Olanrewaju disclosed this during a stakeholders’ meeting at the Secretariat Alausa, Ikeja recently.

He revealed that it has become expedient for the informal business sector operating in urban spaces to align with the State Government’s drive to improve its urban aesthetics for sustainable environmental development.

Olanrewaju maintained that the informal business sector such as car wash, metal scrap dealers, block industry, auto sales dealers, suya spot, cement traders, iron rod depots, food vendors, newspaper vendors and vulcanizers among others, cannot operate in urban spaces without getting the proper permit from the appropriate authority.

According to him, “The essence of regulation is to ensure that they comply with all the operational standards in line with the need for a sustainable aesthetic environment in the state”.

While imploring Lagosians to key into the T.H.E.M.E.S Agenda of the present administration to achieve those development strides and growth, Olanrewaju said the State government is doing this in order to ensure that proper planning guidelines and regulations are put in place so as not to abuse the beauty of the urban spaces.

The Acting General Manager, however, promised that LASPEMA would carry out an awareness campaign periodically to inform and educate the public on operational standards, rules and regulations as stipulated by the State government.

‘If Your Brother is Still Generous to Your Family After Marriage, Thank His Wife’ – Ajero Morgan

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‘If Your Brother is Still Generous to Your Family After Marriage, Thank His Wife’ – Ajero Morgan

A life coach identified as Ajero Morgan on Twitter has gotten people talking on social media after sharing a piece of his mind.

Morgan stated that people who have brothers that are still generous after they have gotten married should not get comfortable with thanking their kin alone.

He noted that the wives of such family members should be heartily thanked and appreciated.

This, according to Morgan, is because men who respect their wives often listen to them. As such, behind the benevolence of such men is the strong support of their wives.

“If after marriage, your brother is still being generous toward your family, don’t always thank him alone. thank & appreciate his wife also. Men who respect their wives listen to them. So, behind your brother’s benevolence is the support of his wife. Don’t take it for granted,” his tweet read.

Fresh starts including Setien at FC.Barcelona as LaLiga Santander’s second half begins (Photos)

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Fresh starts including Setien at FC.Barcelona as LaLiga Santander’s second half begins (Photos)

The second half of the 2019/20 LaLiga Santander kicks off this weekend with hopes of new beginnings and fresh starts at the top and bottom of the table.

Barcelona reached the half-way point just ahead of Real Madrid on goal difference – but nevertheless the Blaugrana outfit have changed coach with Quique Setien replacing Ernesto Valverde on the bench. Setien’s first game in charge sees Granada visiting the Camp Nou – where the Andalusians have lost on their last five visits without scoring even once, although Diego Martinez’s side did shock Barça 2-0 in the reverse fixture back in September.

Real Madrid host Sevilla at the Estadio Santiago Bernabeu on Saturday afternoon in what should be an emotional occasion with Blancos skipper Sergio Ramos and Hispalenses coach Julen Lopetegui facing their former clubs. This fixture has gone well for Ramos and company in recent years – Madrid has won the last 10, with 33 goals scored and just eight against.

The weekend begins with Friday’s South Madrid derby – as Leganes welcome suburban neighbours Getafe to Butarque, with their long-simmering local rivalry has gone global. Currently, seventh-placed Getafe won 2-0 in October’s reverse fixture – but that defeat sparked Leganes into life and have taken eight points from their last four games to climb towards safety.

Saturday’s action starts with Levante hosting Alaves – the visitors have won four of the last five LaLiga meetings between these teams, including a 1-0 victory on opening day last August.

Later on, Saturday afternoon sees Valladolid visiting Osasuna’s El Sadar – both teams drew more games [nine] than anyone else over the first half of the campaign, including a 1-1 in the reverse fixture at the Estadio Jose Zorrilla back in September.

Saturday’s final game is Eibar hosting Atletico Madrid – the Basques have never beaten Atletico in LaLiga Santander, but came very close during the dramatic 3-2 at the Wanda Metropolitano in the early autumn.

21-09 Granada CF FC Barcelona correspondiente a la jornada 5 de la Liga Santander (Primera División) disputado en el Estadio Nuevo los Carmenes. En la imagen

Sunday switches over to the Balearic Islands, with RCD Mallorca hosting Valencia in the early game. The hosts will be hoping for a change in fortune having taken just one point from their last six LaLiga games, while 11 points over the same stretch have Los Che up to sixth and eyeing Champions League qualification.

Real Sociedad at the Benito Villamarin to face Real Betis has the potential to be a thriller – Los Verdiblancos have scored at least three times in their last five LaLiga games, while the Txuri-urdin’s three most recent outings have produced 12 goals in total.

Villarreal’s win at Real Sociedad last week saw the Yellow Submarine finish the first half of the season as one of the most in-form teams in LaLiga, winning all their games during the last month. On Sunday they host an Espanyol side buoyed by a dramatic 2-2 derby draw at home to Barca last time out, in new coach Abelardo Fernandez’s first game in charge.

Athletic Bilbao will be favourites in Sunday afternoon’s clash with Celta Vigo – Los Leones only conceded three goals in total in nine games at their Estadio San Mames over the first half of the campaign, while Celta has just won once on the road so far in 2019/20.

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