Financial Risk Manager

Ways of Financial and Risk Management

RGST and Banking Sector

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The General Sales Tax (GST) Bill 2010 is silent over some key issues of banking sector particularly services provided by banking companies. There are some important issues of banking sector have not been clarified in the General Sales Tax Bill 2010.

Issuance of Tax Invoice:

In the existing FED Rules, banks are not required to issue tax invoice, the proposed law is silent in this regard. The Rule 40 A (6A) of the FED Rules exempt the banks from issuance of tax invoices to their clients. The question arises whether such tax invoice would be required under the GST Bill 2010 or not?. Secondly, whether such exemption would continue under the RGST regime. 

Exemption of Some Services:

Existing federal excise duty (FED) is applicable on all services provided by a banking company at the rate of 16 percent except for services against mark up/interest income, Hajj, Umrah, Cheque Book Issuance, Insurance Premium, Musharika and Modaraba Financing and Utility bills collection. After promulgation of GST Bill 2010, the FED at the rate of 16 percent will be converted into GST at the standard rate of 15 percent. However, it is not clear as to whether these services of the FED would remain exempted under the RGST.

Federal or Provincial Jurisdiction:

The main difference between FED and GST is that the former falls under federal jurisdiction, whereas the later falls within the provincial jurisdiction but collection rights may remain with FBR in certain cases. About the issuance of tax invoice, in the existing FED Rules banks are not required to issue tax invoice, the proposed law needs to clarify the issue. In case of sales tax return, this also needs to be clarified by FBR, whether the monthly return shall be filed province wise separately or a combined return is required to be filed with breakups of income and sales tax thereon for all provinces.

Maintenance of Record:

As far as maintenance of record is concerned, he said, all the branches shall be required to keep proper records of GST and related income for the purpose of audit. It is not clear as to whether it will be centralised or will have to deposited province wise; needless to state that the claim of input will also be on the similar lines if the bank so decides to claim the same.

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posted @ 5:44 PM, ,

Ordering Tramadol Online

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Tramadol is prescribed to ease light to moderate pain. Tramadol is available in a long release tablet which is used for patients that have to have pain relieve throughout the day and night for a long period of time. It's classified being an opiate agonists and it changes the way in which your body will sense and process pain. It's a synthetic or man-made opiate but it is still highly addictive. The brands for Tramadol are Rybix, Ryzolt and Ultram. The pill is available in a number of different colors and shapes but the most common color is white and the most frequent shape is round.

Each time a person chooses to buy Tramadol they are doing so because they're in pain within the chronic condition. Medicines is called prescription only in several countries. When selecting the medication in a offline environment this might require the person to acquire a doctor's written permission just like a prescription for the purchasing the medication being legal. However, a web-based pharmacy selling cheap Tramadol doesn't have just as much restrictions. The medication can be bought and never have to fax a prescription. Each time a person decides to buy tramadol online all they have to do is complete credit cards applicatoin. Your individual doctor can look towards the supplied information over and supply a web-based prescription that's entirely legal. A normal prescription is totally unnecessary.

If you purchase Tramadol to take you must not take alcohol in addition to taking this product because it may cause liver problems and/or may decrease your breathing. When taking this medication caution must be utilized while operating machinery, while driving, or activities deemed hazardous or risky. This medication may cause drowsiness and dizziness. If these symptoms are experienced, you should cease the activity. In addition, abstain from taking antihistamines, sedatives, tranquilizers, and sleeping pills, except with the instruction of your doctor. tramadol no perscription, tramadol no prescription overnight, buy tramadol online without prescription, tramadol without a prescription.

posted @ 5:23 PM, ,

Salient Features of Monetary Policy Issued dated Nov 30th 2010

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Following is the complete text of Monetary Policy decision announced by State Bank of Pakistan here on Monday.

The economy's ability to achieve sustainable recovery remains constrained owing to slow progress in the prevailing security and economic conditions. The key economic variables impeding stabilization and thereby growth are high and persistent inflation, continuing fiscal slippages and unresolved power sector issues. Whereas adjustments in administered prices of fuel and energy and the post-flood disruption in the supply chain of food items have contributed to the recent upsurge in inflation, the high level of government borrowing from the SBP is diluting the effectiveness of monetary policy in containing excessive monetary expansion and thus inflation.

The need for such borrowing is largely emanating from a seemingly difficult fiscal predicament. While rising security and flood-related expenditures and continued power sector subsidies are one aspect of the problem, a narrow tax base and a declining tax to GDP ratio are bigger issues magnifying the fiscal challenges. The cost to the economy is being paid through erosion in the purchasing power of the rupee, growing total debt, and discouragement of productive private sector activity.

High inflation, at a fundamental level, persists because of money creation in excess of productive activity in the economy.

Of the Rs 308 billion expansion in reserve money up till 19th November 2010 during the current fiscal year, Rs 266 billion is due to government borrowing from the SBP, which has been on an increasing trend since January 2010. Such borrowing has stoked expectations of increasing inflation, resulting in high interest rates. The nature of this fiscal expansion is the fundamental source of high inflation in Pakistan over the last year.

Increases in electricity and domestic petroleum prices and the impact of the catastrophic floods on food prices did play their part in providing impetus to CPI inflation but do not fully explain the persistence in inflation. Further, apprehensions that these supply shocks would dramatically worsen the inflation outlook have thus far not fully materialized.

Temporary price hikes in the food category, as seen in a monthly increase of over 5 percent during August and September 2010, have somewhat subsided. As a result, in Oct 2010, CPI inflation posted a marginal decline of 0.4 percent on year-on-year basis, while a 0.6 percent growth on month-on-month basis was well below the last 12 month's average.

On the other hand, the persistent component of inflation, proxied by core trimmed inflation, remains sticky at over 12.5 percent on year-on-year basis since January 2010 and has increased to a 1 percent monthly change in October 2010, with expectations of further increases. An important source of this stickiness is the expectations of a persistent reliance of the government on SBP to finance its deficit.

Indeed, the co-movement between persistence of inflation and that of government's financing gap is no coincidence. Therefore, it would be difficult to bring inflation down unless government borrowing from SBP is curtailed substantially and kept under control on a sustained basis.

Government borrowing from SBP at an increasing rate reflects severe fiscal vulnerabilities. Given the delays in the introduction of tax reforms and weak industrial production, the task of achieving close to 27 percent enhancement in tax revenues during FY11 is beginning to look quite ambitious.

For increasing its capacity to raise revenues and contain inflationary borrowings from SBP within an explicit and clearly defined limit, the government has shown its intention to: i)- widen the tax net through introduction of the Reformed General Sales Tax (RGST) along with other tax measures; ii)- effectively contain the power sector subsidies; and, iii)- amend the SBP Act, including explicit limits on government borrowings from SBP, which is now in the final stage of legislation.

Together, these could potentially address the problem in the medium term of stubbornly high inflation expectations, reduce the cost of borrowing, and hence pave the way for long term economic growth. However, it may take some time before the benefits of such important measures, after their implementation, begin to have their impact.

In the mean time, pressing flood-related expenditures and shortfalls in external financing of the budget have increased reliance of the government on domestic sources. The seasonal increase in the working capital credit requirements of the private sector during the second quarter is also higher on the margin due to higher input prices.

Consequently, pressure on the banking system and interest rates has increased. With low growth in the banking system Net Foreign Assets (NFA) and deposits, liquidity management has also become challenging. Therefore, to further encourage the private sector, fiscal authorities need to demonstrate greater resolve in implementing their strategy to contain the fiscal deficit through fundamental structural reforms and their commitment to restrict inflationary central bank borrowings. However, the recent rejection of the two PIB auctions in Q1-FY11 and acceptance of Rs 50 billion instead of the Rs90 billion offered by the banks in the 16th November 2010 T-bill auction is apparently inconsistent with the stated intentions.

Assuming a real GDP growth of 2.5 percent and that the expected decline in private and public sector investment expenditures would be largely compensated by increases in public sector consumption expenditures, the external current account deficit is likely to be narrower in FY11 than earlier projections of 3.5 percent. Helped by higher cotton prices, the export earnings of $7.1 billion during first four months of the current fiscal year seem fairly encouraging.

Similarly, the recent trends in remittances coupled with expectations of realization of Coalition Support Fund (CSF) receipts could prove to be quite helpful in meeting import and other payments. The real test, however, would continue to be in the financing of the external current account deficit. Assuming that the projected external official inflows for FY11 do materialize, a substantial growth in private foreign inflows would be required to maintain and build foreign exchange reserves.

Monetary policy is essentially a short term instrument with which emerging risks and uncertainties are managed. The impact of monetary policy on economic activity and inflation is indirect and operates with a lag, and unlike the case of fiscal policy that tends to be reactive, it has to be proactive.

Under the present circumstances, if the expansionary fiscal position is not expected to translate into a high external current account deficit during the current fiscal year then it could be the case that the private sector demand is muted. Therefore, the monetary policy stance could probably remain unchanged. However, inflation is rising and showing persistence because of relentless government borrowing from the SBP. The rising NDA to NFA ratio of SBP balance sheet and its strong association with CPI inflation also suggest that inflation is likely to persist at double digit levels during much of FY11 and possibly in FY12.

SBP's efforts to counterbalance the rapid expansion in reserve money and arrest the rising inflation expectations would require an increase in the policy rate. After careful consideration of this trade-off, SBP has decided to increase the policy rate by 50 basis points to 14 percent with effect from Nov. 30, 2010.

A principled decision has also been taken to strictly implement the revised limits on borrowings of the provinces from SBP, even if it involves stopping payments to the provincial governments. SBP believes that the entire responsibility of tackling macroeconomic problems has been unfairly placed on monetary policy only.

SBP also understands that the burden of this monetary tightening is being borne largely by the private sector, as it gets crowded out by the excesses of government borrowing for budgetary purposes and commodity operations, with all its adverse implications for sustainable economic growth.

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posted @ 11:01 AM, ,

Tramadol - Mode of Pain Relief

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Tramadol is a synthetic analog of the phenanthrene alkaloid codeine and, as such, is an opioid and also a prodrug (codeine is metabolized to morphine, tramadol is converted to M-1 aka O-desmethyltramadol). Opioids are chemical compounds which act upon one or more of the human opiate receptors. The euphoria and respiratory depression are mainly caused by the μ1 and μ2 receptors; the addictive nature of the drug is due to these effects as well as its serotonergic / noradrenergic effects.

If you are looking for to buy Tramadol at the lowest prices on, visit lowest prices on tramadol - lowestpricesontramadol.com  from the convenience of your home computer, you can get the medication you need at cheap prices and next-day delivery. Many people question who they are buying their medication from, but you can rest assured that buying online is just as safe as obtaining a prescription from the doctor. Indeed, there are certain precautions that you will need to take, such as reading about the drug’s side effects and how it may interact with other medications and medical conditions. To help in your decision, many online companies offer free medical consultations to help determine if buy tramadol fedex - buytramadolfedex.com is right for you.


Most of people are of the opinion that no one should take any type of medicine without doctor’s prescription and without endorsing from him. However, if you want to take tramadol without a doctors visit - tramadolwithoutadoctorsvisit.com, you have to visit this link to get good reasons of obtaining Tramadol without a doctors visit for many individuals suffering from chronic pain. Tramadol is a narcotic-like pain reliever that is prescribed as a form of pain management. Tramadol is not considered a controlled substance, which means it’s easier to offer to patients since it does not need to be prescribed by someone authorized and there are no inconveniences to incur. Tramadol is FDA approved and offered through a variety of online companies that either sell the medication from their own warehouse or work with a number of reputable online pharmacies.

posted @ 10:45 AM, ,

Jobs In Accounts and Audit Departments

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The Company is engaged in the business of manufacturing and selling of yarn. The Company is seeking highly motivated, dedicated and result oriented individuals for the following positions.

Position
Manager Internal Audit

Qualification
Partly / Qualified C.A / CMA (Cost & Management Accountant )/ ACCA Qualified / Article ship completed from reputed Chartered Accountant Firm

Experience and Knowledge

 Ø  At least five years experience in Spinning Unit as Manager Internal Audit having ability to carry out Internal Audit assignments independently.
Ø  Capable to analyze financial statement of Company;
o       To plan, organise and carry out the internal audit function including the preparation of an audit plan which fulfils the responsibility of the department, scheduling and assigning work and estimating resource needs
o       To report to management on the policies, programmes and activities of the department
o       To coordinate coverage with the external auditors and ensure that each party is not only aware of the other's work but also well briefed on areas of concern
o       To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
o       To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management
 Ø  Good communication analytical and interpersonal skills.
Ø  Having proficiency in MS Office.
Job Location
Head Office Lahore

Position
Deputy Manager Accounts
Qualification
Partly Qualified C.A / Qualified CMA  (Cost & Management Accountant) / Article ship completed from reputed Chartered Accountant Firm / Commerce Master/ Commerce Graduate

Experience and Knowledge

 Ø  At least five years experience in Spinning Unit as Management Accounting, Income Tax & Sale tax Matters and disbursement.
Ø  Good communication analytical and interpersonal skills.
Ø  Having proficiency in MS Office and hands on experience on windows base financial software.
Job Location
Head Office Lahore

Both position carry market competitive emoluments. Application along with photograph e-mailed here by 11th December 2010. Must mention position in subject line , email will be discarded otherwise . Only short listed candidates will be called for interview.

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posted @ 9:52 AM, ,

Best of the Pakistan Blogsphere

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Like so many years, Light Within is asking you to recommend the best Pakistani blogs. In Pakistan - the happening state - writing a blog is a great responsibility. Please show your appreciation for the best blogs (and bloggers) you have been following during the year. Also indicate the new blogs (including your own) and new bloggers that have come up during the year and we might have missed them. Leave your recommendations in comment section here or send them to sajshirazi@gmail.com.

Best of Pakistan blogs - previous years:
Pak Blogsphere - Top Ten Blogs - 2009
Pak Blogsphere - Top Ten Blogs - 2008
Pak Blogsphere - Top Ten Blogs - 2007
Pak Blogsphere - Top Ten Blogs - 2006

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posted @ 11:31 AM, ,

Economic and Business Updates - From 8th to 14th November, 2010

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posted @ 9:02 PM, ,

Custom Logo Design

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Graphical element like ideogram, symbol, emblem, icon, sign that are called logo, together with its logotype represents you, your trademark or a brand. This is one of the important symbols for any business. That is why businesses go a long way to get a logo that should match the line of their business and should be unique to set them apart from any other business. Best thing is that there are so many resources available online that offer services to design a logo. It is a specialized job better done by creative experts. Savvy businesses go a long way to get the custom logo design that should be able to say a lot about them. I suggest you research and get custom logo that should be able to say a lot about you.

What is more, those who need amazing custom designs can start a logo design contest? Thanks to logomojo.com that they connect clients needing design work such as Custom Logo Design, T-shirts designs, Business card designs and much more to a group of very talented and very creative logo designers who are eager to deliver the best results. Start a logo design contest within minutes and have amazing results.

posted @ 8:26 PM, ,

Implementation Of Reformed GST In Pakistan

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1. Pakistan is in dire need of increasing its tax revenues by implementing a broad-based modern form of sales tax on goods and services. The Sales Tax Act, 1990, was originally designed on the basis of accepted value added taxation doctrines but due to political compromises and revenue exigencies, it increasingly became distorted and narrow-based because of ever-expanding exemptions, special regimes, multiplicity of rates and several other deviations from international best concepts and practices. Resultantly, not only the tax base of sales tax and income tax has been eroded but also lack of documentation of the national economy has proved a big hindrance in the development of effective tax policy options.

2. Under the existing constitutional framework, the Federal government can impose taxes on the sales and purchases of goods imported, exported, produced, manufactured or consumed. The Federal government has been levying excise duty on services. After passage of the 18th Constitutional Amendment, taxation of services now wholly falls within the domain of Provincial governments.

3. Presently, apart from sales tax on the supply and import of goods, Federal excise duty is chargeable on communication (including telecom) services, certain categories of advertisements, insurance services other than life, marine, health and crop, banking services, franchise services and services provided by property developers/promoters, stockbrokers and port/terminal operators. Besides, Provincial sales tax is chargeable on services provided by hotels/clubs/caterers, custom agents, ship chandlers and stevedores, courier services and advertisements on TV & radio. Except franchise services, Federal excise duty and Provincial sales tax on all the aforesaid services is being collected under GST mode with backward and forward cross-crediting (inter-tax adjustment) with Federal sales tax.

4. Tax-to-GDP ratio on account of the said sales taxes has stagnated on lower side although internationally, the standard rate of 17 percent sounds on higher side. The principal reason of lower tax to GDP ratio of sales taxes has been widespread and unbridled concessions and waivers on both local supply and import stages including zero-rating on several categories of domestic supplies, besides non-coverage of the services sector in general.

5. The consultations with tax professional circles have over the passage of time convinced that there is an overdue need to thoroughly reform and revamp the whole existing sales tax system to bring it closer to international standards. The new GST system will change the mindset of the public at large as well as of the tax machinery and will strengthen government’s efforts to formally depart from excise-style of sales taxation on goods and services.

6. The GST Bill, 2010 will replace the present Sales Tax Act, 1990. While the issues of collection and administration of sales tax on services are being separately negotiated with the Provinces in the light of recent NFC award, a provision has been included in the Federal Bill to integrate Provincial sales tax on services with the Federal sales tax on goods as and when the Provinces authorize FBR to collect and administer sales tax on services.

7. Under the new GST law, exemptions have been kept intact in respect of basic food items including wheat, rice, pulses, vegetables, fruits, live animals, meat and poultry etc. Edible oil chargeable to Federal excise duty will remain exempt from GST as before. Exemptions earlier available for philanthropic, charitable, educational, health or scientific research purposes or under international commitments/agreements including grants-in-aid will also continue. Moreover, life saving drugs, books and other printed materials including newspapers and periodicals have been kept exempt.

8. Local consumption of sectors like textile (including carpets), leather, surgical and sports goods has however, been subjected to tax. Similarly, defence stores, stationary items, dairy products, pharmaceuticals (other than lifesaving), agricultural inputs, agricultural machinery and implements, aviation/navigation equipments including ships & aircrafts etc. have also been proposed to be taxed. Acquisition of capital goods will be facilitated through expeditious adjustment/refund of input tax involved therein.

9. GST will be chargeable only on value added component of each stage of the supply chain. Due to the provision for set-off of the tax paid at earlier stages in the chain, net tax incidence remains as a single stage levy. Due to automatic input tax adjustment facility, businesses are attracted towards voluntary registration so that they may avail such adjustments and improve their cash flows. For this reason, GST always promotes documentation and encourages self-compliance.

10. Other salient features of the new GST system are as follows.


11. The proposed GST system will certainly not generate any sudden increase in revenue yield. It will however, increase the overall tax-to-GDP ratio from the present below 10% to about 12% in next 3-5 years. Pakistan has a strong potential to implement such value added tax type sales tax because of the reason that besides having a properly-reformed collection infrastructure, it has a long-operating sales tax system and substantial hidden sales taxation on inputs of exempt outputs (exempt supplies are input taxed) is already being borne in the aggregate national consumption.

12. The proposed GST system is expected to operate without any serious inflationary impact. It will rather promote economic equity and enable the country to direct national resources towards more productive goals of national development. Reformed GST is also likely to progressively minimize the grey component of the national economy and facilitate fair income redistribution. It will eventually cast healthy impact on income tax receipts and enhance fool-proof tax culture in the country.

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posted @ 11:59 AM, ,

Web Hosting Reviews

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Through the advent of Internet, the art of promoting business and ventures has dramatically changed. One of the best and unique modes of doing this is web hosting. Web hosting is a common service designed to serve websites to internet users. Operated by companies known as web hosting providers, or simply web hosts, these services are managed out of data center facilities and made available to personal and business customers in various regions throughout the world. Web hosting is composed of numerous elements, and four of the most essential of all are the server hardware, web server, operating system and the hosting provider itself. There are many aspects that go into a web hosting operation, and these are just a few of the key ingredients. You don’t need to be a technical wizard just to run a website, but knowing what makes this business ticks can result in a less frustrating experience.

Visit the neatly laid out site and see what they are offering and find that it is the world's largest independent web hosting directory featuring in-depth information on all major web hosting providers accompanied by unedited web hosting reviews and ratings by real customers. Further you can go through with the list of the best 10 web hosting companies worldwide.

posted @ 11:51 AM, ,

Economic and Business Updates - From 1st November to 7th November, 2010

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posted @ 3:25 PM, ,

Twilight Gadgets

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ChinaBuye.com is created to narrow down the price gap between factory and end users. Their price is always lower than that of eBay and other China competitors. Meanwhile, they don't have MOQ limit. You can order one piece as a start! Their product covers from cool electronic gadgets, accessories to various cheap electronics, such as Video Game Accessories, China Phones, LED Lighting gadgets, Computer gadgets, Networking, Car Accessories gadgets, EL T Shirts, Security electronic gadget and other cool gadgets.

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posted @ 1:55 PM, ,

Money Market and General Updates - 04-11-2010

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Money Market

Cut off yield of six months T-Bill inched upward by five basis points to 13.1648 percent from 13.1193 percent while Three months T-Bill stood at the same place at 12.7933 percent. Having auction target of Rs 150 billion and market maturities of nearly Rs 180 billion, market participated with over Rs 234 billion with major participation in three months i.e. over Rs 154 billion while over Rs 71.70 in six months and just Rs 8 billion in one year tenor. State Bank accepted total bids worth Rs 166 billion with Rs 96 billion in three months and Rs 66 billion in six months. Bids worth Rs 3.0 billion were accepted in twelve months tenor and the cut off arrived at 13.2353 percent.

General News

LPG prices were raised by Rs 9.60 per Kg to Rs 95 per Kg .The rise in price is a result of possibly increased consumption of LPG in winter season and local producers are taking advantage of that. The rise has come at a time when petroleum products prices have just been raised in the country.

United States’ Central Bank, Federal Reserve (Fed) said on Wednesday, that it would some $600 billion government bonds to sustain the ailing US economy. Fed is continuing with near zero interest rates, lowering
borrowing cost for American consumers and businesses which are facing the music after recession. Moreover according to Fed, economy is “slow”, employers are not still not quote eager to add to payrolls and inflation is slow.

Despite of consistent rise in energy pricesby the government , IMF is not impressed with the energy sector reforms and implementation of Reformed General Sales Tax (RGST) and has asked the authrities to take severe actions to meet pre agreed targets.

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posted @ 12:01 PM, ,

High-Quality Term Life Insurance

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Life insurance coverage is particularly important for everyone. People buy insurance coverage wishing that they never have to use the coverage and as a security against unexpected and unaffordable losses that occur in life. Where they really win is in the assurance the insurance policy gives them. If the worst comes in life, insurance works to provide financial recovery. This awareness has increased the demand for insurance services in the last couple of decades.

Search the net and you will find so many services that offer car insurance. I think buying insurance has to be an informed decision. One should do a little home work, learn more about different insurance solutions available and also get quotes and compare, before buying a policy. While looking online, the best I came upon was No Med Exam Life Insurance,. I suggest you have a look and make an informed decision.

posted @ 7:18 PM, ,

2010 Corruption Perceptions Index

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With governments committing huge sums to tackle the world's most pressing problems, from the instability of financial markets to climate change and poverty, corruption remains an obstacle to achieving much needed progress. The 2010 Corruption Perceptions Index shows that nearly three quarters of the 178 countries in the index score below five, on a scale from 10 (highly clean) to 0 (highly corrupt). These results indicate a serious corruption problem.

To address these challenges, governments need to integrate anti-corruption measures in all spheres, from their responses to the financial crisis and climate change to commitments by the international community to eradicate poverty. Transparency International advocates stricter implementation of the UN Convention against Corruption, the only global initiative that provides a framework for putting an end to corruption. Denmark, New Zealand and Singapore are tied at the top of the list with a score of 9.3, followed closely by Finland and Sweden at 9.2. Bringing up the rear is Somalia with a score of 1.1, slightly trailing Myanmar and Afghanistan at 1.4 and Iraq at 1.5.

Notable among decliners over the past year are some of the countries most affected by a financial crisis precipitated by transparency and integrity deficits. Among those improving in the past year, the general absence of OECD states underlines the fact that all nations need to bolster their good governance mechanisms. The message is clear: across the globe, transparency and accountability are critical to restoring trust and turning back the tide of corruption. Without them, global policy solutions to many global crises are at risk.

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posted @ 7:15 PM, ,

Mantle Clock

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Clocks are useful artifacts. They are not only necessary utilities for homes as well as workplaces but they also add decor to living spaces. I am always interested in old clocks. My quest and online search too me to mantle clock and I was amazed to see new and old discount grandfather clocks. Users have so much choice and what is best, their prices are guaranteed low and the best anywhere.

I suggest interested users have a look at 1-800-4CLOCKS and see the new or antique mantle clock that can add most to any place. Site information and resource rich and the imagery is good. Looking at the clocks will give you an idea of how it will look being used in your own settings. I am subscribing to their newsletter to remain aware of what is coming on offer there.

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posted @ 7:10 PM, ,

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Tighten logic with malleable spanners

posted @ 12:51 PM, ,

Economic and Business Updates - From 25th to 31st October, 2010

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posted @ 4:41 PM, ,


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