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Sharnjit Gill & Team Win Top Performance Award 2012

Surrey-based mortgage specialist Sharnjit S Gill and his team got an Award of Excellence from TD CANADA TURST for the performance for the year 2012. Their`s is a small team of three that includes – Sharnjit S Gill, Raj Gill and Mani Gill- but their performance has been superb over the years.

Consistency is a key to their success as Sharnjit S Gill and his team as they have been winning awards and recognitions since 2002 for their performances in the mortgage field.

“Our team always does what is right for our clients.. Honesty goes long way to built Trust. It is quite challenging to remain on the top position year after year. This has been possible due to the team work and honest guidance to our clients and our community’s total support,“ says Gill.

Gill, AMP has been ranked one of the top in Canada in 3 years in a row 2009 , 2010 & 2012 which is itself a great achievement. Gill and his son Raj Gill, AMP were also awarded the Top Mortgage Brokers in 2003 by Envision Credit Union.

Sharnjit S Gill has also served as Manager, Financial Services in Surrey and Abbotsford Branches till 2001

UAE Exchange Transact & Win Ends in Style

Transact & Win promotion started on Jan 20th and ended on Feb 28th of 2013. The lucky draw was held on March 4th. Winners take home LCD, iPad, Home Theatre, Notepad and more.

Mr. Jose George, Ms. Marneni Lakshmi Prasad, Ms. Melanie Vinte Biad Watts, Mr. Teodorico Delmundo and Mr. Sankar Rao Matha were the luckiest among customers of UAE Exchange. Their transactions won prizes in the UAE Exchange Transaction & Win Promotion held between 20th Jan. and 28th Feb. 2013. They won a Sony Bravia 32” LCD, iPad, Notebook, Sony Home Theatre and Digital Camera, respectively. Every customer, who sent money home during this period were eligible to participate in this lucky draw.

UAE Exchange, the leading global remittance and foreign exchange brand, has always brought value addition in the most exciting of forms for its customers. It could be in services, technology or promotions. The Transact & Win promotion was one among the many promotions, which brought in value-laden prizes for all expatriates living in Canada.

Established in 2009, UAE Exchange Canada built a strong seven-branch network in a very short span of time. It offers a wide variety of services at its counters including bank transfers, instant bank transfers, instant money transfers, foreign currency exchange etc. Along with it, UAE Exchange also offers Money2anywhere.com, its secure online money transfer portal, which enables customers to send money to their dear ones right from their personal environs using a computer with an active internet connection. FLASH remit, the facility for real time account credit is another of its technological wonders for the convenient of the remitting customers.

The lucky draw for the Transact and Win promotion was attended by Jasbir Sandhu Member of Parliament of Surrey North (B.C.); Mr. Kamal Sharma, Owner of Kamal Video Palace; Mr. Rajesh Jayaprakash, Director of Kerala Cultural Association of British Columbia; Mr. Jas Mundy, Director of Delta Chamber of Commerce; Mr. Pankaj Kanwar, Director of Assa Industrial Ltd; Senior Officials of UAE Exchange, Special Invitees and the Media.

BMO donates $750,000 to Vancouver Aquarium

BMO joins in the fight for conservation as Vancouver Aquarium’s newest community partner in support of the Aquarium’s $100-million expansion and revitalization, representing the largest, most ambitious re-development in its history.

At the members’ sneak peek event on May 15, BMO Financial Group, represented by Joanne Gassman, senior vice president, BC & Yukon Division of BMO Bank of Montreal, announced its donation of $750,000 to the Vancouver Aquarium.

As Canada’s largest aquarium, the Vancouver Aquarium has inspired and engaged over 40 million people around the globe for an amazing 57 years. The Aquarium’s extensive conservation, research and education programs have grown over the years, as have its interpretive programs and interactive gallery experiences, making the Vancouver Aquarium a leader in aquatic engagement and conservation awareness.

The current revitalization will enable the Aquarium to connect even more people to our natural world, inspiring the change needed to protect our aquatic habitats. With 34,000 square feet of additional public space, new and engaging galleries and a distinctive new entrance plaza, the Aquarium will continue to shine as Vancouver’s top cultural institution.

Surrey Moves Forward on Organics Biofuel Facility

The City of Surrey is moving closer to realizing the new organics biofuel facility with today’s issuance of a Request for Qualifications (RFQ) for the project.

The facility will process residential and commercial kitchen and yard waste into a renewable fuel, which will be used to power our new waste trucks. The 80,000 metric tonne per year facility will be the largest of its kind in Canada and will help the City and Metro Vancouver achieve the regional 70 per cent waste diversion target by 2015.

“Surrey’s new organics biofuel facility will establish a new benchmark in Canada and provide environmental benefits to the entire region. It will help us reduce emissions, create viable new energy infrastructure, divert waste from the landfill, and become more sustainable in our operations,” says Mayor Dianne Watts. “As part of our new waste management system building an organics biofuel processing facility in Surrey is the next major step in our program.”

Surrey’s new Rethink Waste program was launched on October 1st, 2012, and includes curbside organics collection and an entire fleet of compressed natural gas waste collection trucks. The new program has already led to a 43 per cent reduction in garbage sent to the landfill. Once the biofuel facility is operating, Surrey will be home to the only fully-integrated organics waste management system in North America.

Vivek Ranadive has big plans after buying NBA’s Sacramento Kings

Software magnate Vivek Ranadive, who has become the first person of Indian descent to become the owner of a major U.S. basketball team, plans to build the Sacramento Kings into a global brand.

“It’s going to be exciting,” he told USA Today after securing an agreement to buy 65 per cent of the Kings from the Maloof family for a National Basketball Association (NBA) league-record valuation of $535 million.

“We’re going to build a global brand with the Kings. We’re going to give the fans the product that they deserve,” the minority owner of the Golden State Warriors said on achieving his longtime goal.
The development came just a day after NBA owners officially rejected a bid by the Maloofs, who have owned the team since 1998, to relocate the Kings from Sacramento, Calif., to Seattle, Wash.

“It’s a little bittersweet, obviously because I’m a huge Warriors fan and I have a lot of friends here,” Ranadive told USA Today Sports. “I’m very, very excited to start the new (challenge).”

Ranadive, who left India as a 17-year-old to attend MIT and later founded his $4 billion company in Silicon Valley, Tibco, has the sort of competitiveness and deep pockets that could lead one of the league’s most poorly run franchises back to respectability, USA Today said.

NBA Commissioner David Stern has made a concerted effort of late to grow the game in Ranadive’s native India, where “basketball is but a blip on their sporting radar,” the newspaper said.

“I’m going to do what I do in my business, which is surround myself with people that are way smarter than me,” Ranadive said. “But I am a huge fan. I’m going to be there at all the games, be there to support the team in every way.”

“It’s one step at a time,” Ranadive said. “I’m one of these guys who doesn’t like to get ahead of the game.

“We still have a lot of work to do. I’ve learned a lot, but there’s a lot more to learn. And it’s going to be a process. It’s not going to be an overnight miracle there, so it’s going to take some work,” he was quoted as saying.—IANS

Telus to buy Mobilicity in $380 million deal

TELUS has entered into an agreement with Mobilicity to acquire the company for $380 million. If the deal receives the required approvals, it would ensure continued service to Mobilicity’s 250,000 customers without the risk of disruption.

The agreement between TELUS and the company is subject to conditions including approval by the Competition Bureau, Industry Canada, and Mobilicity’s debtholders. TELUS and Mobilicity have informed the government and regulators and both companies are fully committed to working cooperatively to secure timely approvals for the transaction.

“A concern for our customers and employees led us to approach TELUS, which has a reputation for a strong customer focus, as evidenced by their industry leading client loyalty,” said Stewart Lyons, Mobilicity President. “I am confident TELUS will look after our employees and our customers, mitigating any disruption to their service, while offering the best outcome for all stakeholders.”

William Aziz, Mobilicity Chief Restructuring Officer, continued, “Mobilicity has been losing a significant amount of money every month. The financial strength of TELUS will allow the business to be continued in a way that will benefit customers and employees. An acquisition by TELUS is the best alternative for Mobilicity.”

The entire purchase price will be used to satisfy Mobilicity’s secured and unsecured debt.

Demand for Rental Condos Increase

The landlords owning condominiums for rental purposes are quite happy these days as a surge has been observed in the Toronto condo market for condos on rent. A research consultancy, Urbanation reported a 31% increase in condo leases in the initial quarter of 2013 in comparison to last year. Marcus Arkan, CTO of Syndicate mortgages, provides significant reasons for the rise in rental activity of Toronto condominiums.

The demand for rental condos in Toronto has been on the rise since the middle of 2012, the time when the new mortgage rules had been introduced. The Toronto Real Estate Board said that the existing condos observed a 17% drop in sales in the first quarter of this year. However, the new condominium developments were hit even harder as Urbanation reported a staggering 55% drop in sales of newly built condominiums during the first quarter of 2013.

Mortgage expert, Mr. Arkan analyzed the situation and presented his views in the following words, “The new mortgage rules that were introduced last year to avoid the housing bubble and stabilize the mortgage market were stricter and more rigid. This and the recent financial crunch have discouraged many first time home buyers from purchasing homes on mortgage. Higher interest rates and shorter repayment periods have made it impossible for many to qualify for a decent mortgage.”

He also added that, “The new rules are harsh on first time buyers and hence, they prefer to live on rent rather than invest in real estate.” Mr. Arkan opines that the main reason for the increase in rental activity in the Toronto condo market is the hesitancy of first-time buyers to purchase real estate.

As a consequence of the response of first-time buyers to the new mortgage rules, the rental inventory of Toronto condominiums observed a surge of 19%. A total of 4,859 units are available for rent in Toronto, which is the second-highest total of a quarter since the last four years, reported Urbanation.

Newly-elected govt needs to improve transit, says former premier

One of BC’s former premiers says the Lower Mainland needs better transit service and the newly-elected government needs to make that happen.

Mike Harcourt feels there are three areas in particular that should be priorities.

“There are three lines in Surrey, the line out to UBC, and the gondola up to SFU,” Harcourt told News1130. “Get them all done. Give people a really good transit system.”

There has been much debate in Metro Vancouver over which is a bigger priority: The line out to UBC or expanding transit routes south of the Fraser River. The mayors of Vancouver and Surrey have each made cases for their own cities.

Buses to UBC are stuffed with students every day and Vancouver Mayor Gregor Robertson wants to see a subway line to the university.

Surrey Mayor Dianne Watts says her city has waited patiently with no significant transit upgrades while major projects, such as the Evergreen Line and Canada Line, have been built in other communities. Her city’s transportation committee is eying light rail transit down 104th Avenue and Fraser Highway toward Langley as possible solutions. Council is also looking at possibilities to serve South Surrey.

Harcourt says both mayors should get their wish. “We have to finish the transit system. We got three quarters of it done; let’s finish the rest.”

Lufthansa adds new route from Vancouver to Germany

Lufthansa is boosting its presence in BC by adding a new route to Germany.

The airline is now offering a daily flight between Munich and Vancouver, bringing 15,000 visitors to our province.

“We’re very excited that we have the aircraft available to fly this route,” says Hans De Haan with the airline.

He said this new route is the only international one they’re adding this year.

“There’s always been an under-serving of Vancouver. We’ve flied Vancouver-Frankfurt already for 30 years. There’s a lot more demand, and now we can also connect Vancouver with Munich, which is another one of our hubs, to connect to, basically, the world.”

He says the new route marks 30 years of Lufthansa service here, and complements its Frankfurt-Vancouver flights which began in 1983.

“It’s also very close to other parts of Europe that you can connect to very quickly. Of course, we have the famous Oktoberfest, which actually happens in September… that alone is worth a visit to Munich.”

De Haan adds Europeans love to visit BC. “You can’t beat the nature. A lot of these tourists are coming in, renting motorhomes, and they are exploring everything that is beautiful about BC.”

Lufthansa is flying an Airbus A330-300 here which offers 165 seats in Economy, 48 in Business and eight in First Class.

Reports of video showing Toronto’s mayor doing drugs

Mayor Rob Ford is calling recent allegations of videotaped drug use “absolutely not true.” Outside his Etobicoke home, Ford spoke to a group of waiting reporters, saying “Absolutely not true…it’s ridiculous.”

He then shook his head, got into his vehicle and drove away. Reporters at The Toronto Star said they have seen a video that appears to show Ford using drugs. US-based gossip website Gawker.com said last night that the video is being shopped around by a group of men allegedly involved in the drug trade. The Toronto Star said, however, it had no way to verify the video.
Deputy mayor Doug Holyday said he does not believe the shocking published reports. “Videos can be altered and drug dealers can’t be trusted. I don’t know what we’re dealing with here and until we do I don’t really have much to say,” Holyday said at city hall Friday. “I have not seen any indication of him using any substances like this or anything else for that matter,” he later added.

It’s just the latest in a series of scandals plaguing Ford’s administration that have distracted from issues like public transit, the expansion of Porter airlines and a now-quashed downtown casino. In March, the Star reported that Ford was asked to leave the Garrison Ball at the Liberty Grand at Exhibition Place because he appeared to be impaired. Earlier that month, former mayoral candidate Sarah Thomson alleged Ford made inappropriate comments towards her and then grabbed her buttocks – both of which Ford adamantly denies.

Meanwhile, Holyday also told reporters Friday morning that he believes the mayor is fit for the job but, “if these accusations were substantiated, that would change a lot of things.”

“I have no knowledge, I have not seen any indication of him using any substances like this or anything else for that matter,” Holyday said.

The Star said Friday it had seen the tape on May 3 but the paper waited to publish the story.

The Star said two of its reporters watched the video and said it appears to show Ford in a room, sitting in a chair and using drugs. The Star also alleges Ford makes several disparaging and crude remarks about Liberal Leader Justin Trudeau and the high school football team he coaches.

A lawyer retained by Ford, Dennis Morris, told the newspaper that Thursday’s publication by the Gawker website of some details related to the video were “false and defamatory.” Holyday was also asked whether he thinks these recent allegations will hurt the city’s reputation.

“It certainly isn’t helpful [to the city’s reputation]. Whether you can blame the mayor or not depends on whether the story is true. I don’t know that and I don’t know that many of you do,” he said.

“There’s a large contingent of political people that want the mayor out of office. They don’t want him to make the changes that he’s been making. I agree with the changes that he’s been making and the agenda he’s put forward.”

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