Abans finance 6 months old and growing fast

Abans Finance offers popular financial services such as Fixed Deposits, Savings Accounts, Leasing Facilities, Hire Purchase Term Loans, Financing of Consumer Durables (Group Basis) and Real Estate to rural and urban customers at very attractive terms and will offer more specialized financial services as their business progresses.

“It’s hardly six months since we commenced business as a fully fledged Finance Company and we have already exceeded Rs.500 million in terms of deposits” quipped Mrs.Mano Alles, Managing Director of Abans Financial Services Limited. “We have to thank our valued clients and stakeholders for the trust and confidence they have placed with us.”

Abans Finance is one of 21 individually operating businesses of Abans Group which has recently been awarded an “A” rating from Fitch Rating.

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Immucor Announces Fiscal Year 2009 Revenue and Earnings Guidance

This press release will be posted on Immucor’s website, as well as any material financial information that may be discussed by Messrs. De Chirico, Flynt or Gallup during this call that is not contained in the release. To access this information once posted, go to Immucor’s website at http://www.immucor.com/ and click on “About Us – Press Releases.”

To participate in the telephone conference call, dial 1-888-829-8668, pass code BLUD. Replays of the conference call will be available for one week beginning at 12:00 PM on June 5, 2008 by calling 1-866-508-6479. Beginning June 12, 2008, audio of the conference call or a transcript of the audio will be available on the “About Us – Press Releases” page of the Immucor website.

Founded in 1982, Immucor manufactures and sells a complete line of reagents and systems used by hospitals, reference laboratories and donor centers to detect and identify certain properties of the cell and serum components of blood prior to transfusion.

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Shadow Finance Minister Bob Richards

Shadow Finance Minister Bob Richards attacked what he described as a massive reliance on overseas experts and asked why more contracts are not handed to Bermudian companies.

According to responses to Parliamentary questions, one group, Atlanta-based Ambling International Consulting, has scooped three jobs within Works and Engineering, Tourism and Environment, claiming $460,000.

Mr. Richards claims Ambling was selected over at least four other locally based groups who bid for a contract to overhaul Planning Department procedures and legislation.

Local competitors only found out they had not won the contract, he said, when they received a survey from Ambling for their views on planning issues.

“The PLP Government appears to have abandoned its commitment to Bermudians first through a massive reliance on foreign experts,” said Mr.

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Swan to canvass oil issues at finance talks

Federal Treasurer Wayne Swan is meeting some of the world’s finance ministers in Japan to thrash out how to respond to world economic challenges, including soaring oil prices.

Prime Minister Kevin Rudd is still considering whether Australia will accept an offer to go to next week’s global energy summit in Saudi Arabia.

Mr Swan has told AM he will use today’s forum to canvass what can be done to encourage oil producers to increase supply.

“It involves supply factors on one side and demand factors on the other,” he said.

“What we will be exploring here at the G8 meeting is, are there any further things that can be done to increase supply, but also to look at the demand side of the equation as well.”

Tags: business-economics-and-finance, industry, oil-and-gas, government-and-politics, federal-government, australia, japan

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Representative late in revealing 2 loans for homes

“I believed that the loan in question was an investment transaction because the proceeds were used to pay for improvements and expenses of my investment property in San Pedro, which is outside the Long Beach jurisdiction and therefore exempt from reporting.

“However, in an effort to provide full disclosure and comply with all State and Federal regulations, attached you will find the amended reports.”

In a document supporting one of those reports is a $20,000 loan made July 31, 2000, by a Charles Westlund, whose occupation is listed as “retired.”

“It was a loan that I put together,” said “Jerry” Westlund, who owns the Fantasy Castle strip club in Signal Hill and 13 others in seven states. “I’ve done other loans like that and used my family’s trust money in doing that.”

The term “retired,” however, would imply the loan was made by Westlund’s father, who has the same name.

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Investors nervous but property stays calm

Kevin Bailey, chief executive of the Money Managers, one of Victoria’s largest financial planning groups, said: “The sector has been affected by a downturn.

“This is to be expected; it happens every five or six years.

“Investors should not be looking at the unit price today or in the next 12 months. They should be looking at the next 12 years.

“Property is for the long term. We have done research on returns from property trusts over the last 15, 10 or five years. They have produced solid returns.”

Mr Bailey said listed property had been a “great diversifier”.

While the allocation to property depends on individual circumstances and expectations, he said a 15 per cent allocation was a good starting point.

Others said property trusts should be seen as good source of income and although investors could get risk-free returns of nearly 9 per cent from bank cash deposits, that window may last just a few months.

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