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Wednesday, 27th April 2016

Waterford TD John Deasy says there's still significant scope for the Southeast to share in the €7.9billion Ireland Strategic Investment Fund — the bulk of which has still to be allocated.

Last week the Fund reported that it's in advanced discussions with over 50 different investment opportunities valued at a combined €2.4bn.

It expects to put over €750m into leveraging additional projects this year and is open to all commercial ideas (see http://www.isif.ie). Matching private sector capital could double its total worth.

The Fund's operators, the National Treasury Management Agency, are targeting a minimum average return of 4% from its entire investment portfolio. Commercial viability is a key prerequisite when it comes to sizing up applications.

With "economic impact" also part of its 'double bottom line' mandate, Deputy Deasy successfully lobbied at legislation stage to make sure the Fund accounts for where

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Wednesday, 27th April 2016

Leader of Seanad Eireann, Senator Maurice Cummins has welcomed the job announcement by OPKO Health in Waterford. The announcement of up to 200 jobs will further reduce the employment rate in Waterford and reinforces the commitment of Government to Waterford on the jobs front

The advance factory was one of the few built by Government in recent years and I am glad that it will now be in full operation in early course. I wish the company OPKO Health and their employees every success and prosperity.

EirGen Pharma was established in 2005 by two former IVAX Pharmaceuticals executives, Patsy Carney and Tom Brennan. EirGen focuses on the development and commercial supply of specialised oncology products for global markets. EirGen was acquired by OPKO Health Inc. in May 2015. OPKO's planned growth of EirGen's presence in Waterford over the next five years involves

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Wednesday, 27th April 2016

The films from this years WIT Post Graduate Higher Diploma in TV and Digital Media 2016 were selected and showcased on the 21st of April as part of the Celtic Media Festival. The Celtic Media Festival is an international festival of excellence in documentary, drama and radio in the Celtic countries. This years event in Dungarvan brings hundreds of producers, writers and directors as well as representatives from National Broadcasters in the Celtic Regions including RTE, TG4,TV3, UTV, BBC Northern Ireland and BBC Alba. (www.celticfilmfestival.com)

The Celtic Film festival features pitching sessions, lectures and events. There were also workshops on film making and 360 technologies. It is a great privilege for the WIT/Nemeton TV Higher Diploma Course to have their graduate films selected as part of the Festival. Programmes by the Post Graduate students shown in the SGC Cinema in Dungarvan

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Wednesday, 20th April 2016

Sinn Féin TD David Cullinane has said the government was directly responsible for the housing crisis. Speaking in the Dáil during debate on housing, the Waterford Deputy said the failure of both Fine Gael and Fianna Fail led governments to build social housing had resulted in thousands becoming homeless.

Deputy Cullinane said:

"Despite Alan Kelly’s endless rhetoric about money being available for housing, the facts speak for themselves.

"Between 2012 and 2014, the Fine Gael Labour government built the grand total of one social housing unit in Waterford.

"Yet acting Minister Kelly continues to blame local authorities, the constitution, and anyone else he can think of for the housing crisis when the buck stopped with him, his department and the government in which he served as a senior

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Wednesday, 20th April 2016

John Smiles

Qualified Financial Advisor

How important is financial literacy?

The importance of financial literacy has grown in Europe as financial markets have developed and because of demographic, economic and policy changes.

The needs of individuals and the financial products on offer have become more complex. Without financial literacy, full and informed participation of individuals in economic life is more challenging but becoming increasingly more important. This is a serious issue for EU Member States, many of whom now require increased personal responsibility for financial security, as state sponsored social security systems are retrenched and new market opportunities arise steadily in the financial sector.

Financial literacy is crucial for individuals and households, as our lifestyles change as a result of more frequent changes in employment and the increased incidence of divorce. Such changes create a need to adjust private finances regularly to suit new work

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Wednesday, 20th April 2016

A high level group of policy-makers has heard that the housing crisis will not be resolved until there is a

reduction in the cost of Government levies and taxation estimated to be 36% of the value of a new homes at a forum hosted by the Construction Industry Federation.

Hubert Fitzpatrick, Director of the Irish Housebuilding Association, CIF, stated; "Due to the cost of construction, many Irish homebuilders are finding residential development unviable. In many parts of the country, the cost of construction is so high relative to asking prices of existing houses they would be building at a loss. As a result, housebuilding activity outside the Greater Dublin Area is stalled.

In the capital and other urban centres, there is insufficient supply to meet growing demand. Dublin is an economic engine, its population is growing rapidly and unemployment is dropping faster than

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Wednesday, 13th April 2016

Exceptional 5 bed detached house in Newtown Ashford, Newtown Waterford City, €675,000

This exclusive residence is a stunning five bedroom detached home set on C. 0.29 of an acre in the heart of Newtown, Waterford's most sought after location.

Internally the property will impress with its wonderfully proportioned rooms to include 3 reception rooms, kitchen/dining room, cloakroom, guest Wc, utility and is extended to the rear with a glorious sunroom. The Dining room, living room and sunroom overlook and open on to the garden, ideal for entertaining and will meet any family's needs. There are four double bedrooms on the first floor all with built in storage and two with ensuite. The master suite has walk in wardrobe and a balcony overlooking the patio and garden.The attic has been

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Wednesday, 13th April 2016

With rents in Dublin now higher than during the boom* and mortgage lending falling**, 32% of people think the next Government should build more houses itself as a first step towards solving the housing problem in Ireland.

This is according to research from Royal London, one of Ireland’s leading protection specialists. Royal London recently commissioned a nationwide survey, conducted by IReach, of 1,000 people throughout the country to see how they think the housing crisis can be tackled. The survey also revealed that 28% of people think the Government should apply strict rent controls and 21% think the red tape around building new homes should be cut.

Joe Charles of Royal London explained, "Property and housing is a huge issue facing this country at the moment, and it is very much at the forefront of people’s minds. Supply shortages, lending restrictions and

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Wednesday, 13th April 2016

John Smiles

Qualified Financial Advisor

What is a pension?

A pension is a savings plan which will provide you with an income in retirement. There are three different types of pension available – one is provided by the government, one may be provided by your employer and one which you can manage yourself.

The Government pension plan is funded from your Pay Related Social Insurance contributions. These contributions are taken from your earnings and once you reach the State Retirement age, currently 66, they will be given back to you in the form of the Contributory State pension. The weekly pension now is €233.30 for a single person. In 2021, the Pension Age will increase to 67 and in 2028, to 68. The government pension contributions are not invested so the amount you will get at retirement will not depend upon investment performance over

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Wednesday, 6th April 2016

Waterford Fianna Fáil TD Mary Butler has said the party is not forgetting the plight of standard variable rate mortgage holders trapped on high interest rates and stuck in a vicious cycle because of negative equity and inaction from banks.

Deputy Butler said: "Many families are feeling trapped and under huge strain because of their mortgage. I’ve met families who are stuck on high standard variable rates who haven’t seen any real action from banks or government to ease the pressure on them. Fianna Fáil is committed to real action on this and their plight will not be forgotten.

"A detailed look at the standard variable interest rates at the moment will show a family with a €200,000 mortgage is paying approximately €4,000 a year more in interest than a comparable borrower in Northern Ireland and in other European countries. This is

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  • OUR VIEW

    Viva Fidel!With the death of Fidel Castro at the age of 90 one of the defining personalities of the last century has left the world stage. Since he and the Cuban Communist Party, of which he was leader, took power in 1959, the small Caribbean country which he was the ruler of, was a beacon of left wing politics in Latin America and the avowed enemy of the most powerful nation on earth just a few miles to the north.To say that the United States hated Castro would be putting it mildly. Not only did …

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