www.theasianstar.com Vol 19 - Issue 44
Saturday, November 30, 2019
1 in 3 foreign study-visa holders in Canada are not in school One in three people who entered Canada on student visas do not appear to have been enrolled at educational institutions in the country, Statistics Canada reports. A recent StatsCan analysis could not find indications that 30.5 per cent of people in the country on post-secondary study permits in 2015 were signed up that year at a Canadian college or university. The StatsCan study, by Marc Frenette, Yuquian Lu
and Winnie Chan, echoes the findings of an internal Immigration Department report that revealed 25 per cent of would-be foreign students in Canada in 2018 were likely not complying with the conditions of their visa or were just not being monitored by school administrators. The high noshow rate comes as there is a rising trend toward “eduimmigration” to Canada.
EPL champ Manchester City invests big in Mumbai City FC English Premier League champions Manchester City’s parent company City Football Group on Thursday bought a majority 65 per cent stake in Indian Super League franchise Mumbai City FC. Nita Ambani, founder and chairperson of Football Sports Development Limited and Reliance Foundation, said, “Today, we welcome a global football powerhouse to India, to Indian Super League and Indian football. “For the first time ever, a European club will be acquiring majority stake in an Indian club.” The CFG will become 65 per cent majority stakeholder of the club, alongside existing shareholders, actor Ranbir Kapoor and Bimal Parekh, who will keep remaining 35 per cent. Other clubs in CFG stable include New York City,
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BC budget balanced again, faces risk from ICBC debt The B.C. government is forecasting a surplus of $148 million-- $31 million lower than projected last quarter-- but ICBC’s finances present a risk to the province’s bottom line. In presenting the province’s second quarterly report, Finance Minister Carole James insisted the economy was resilient, pointing to B.C.’s Triple A credit rating, the lowest unemployment rate in the country, and wage growth. Ready to crash those expectations is ICBC. ICBC lost more than $1 billion last year. It was supposed to essentially break even with a $50 million loss. That loss is now pegged at Continued on page 7
Bal Thackeray’s son sworn-in as Maharashtra CM with help of Congress & NCP Shiv Sena party chief Uddhav Thackeray sworn in as Maharashtra Chief Minister at a grand event in Mumbai’s Shivaji Park where his father Bal Thackeray founded the party more than 53 years ago. The first in the family to hold political office, Thackeray (59) was sworn in
by Governor Bhagat Singh Koshyari. He will head a coalition government under the banner of Maha Vikas Aghadi (MVA).
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Canadian industrialist Erwin Singh Braich makes $1.2 bn bid for India’s Yes Bank: Report Canadian industrialist and philanthropist Erwin Singh Braich, founder of The Braich Group of Companies and Trusts, has made a $1.2 billion bid for Yes Bank, according to a report. On September 25, 2019, Yes Bank announced its capital raising plans and said it has received “strong interest” from multiple foreign as well as domestic private equity
and strategic investors for the capital raise. However, early indications from the Reserve Bank of India seem unfavourable for Braich’s bid. Sources said the central bank will not make an exception to allow an individual to have over 15 percent voting right. Institutional investors like HDFC MF have also reportedly bid for the private lender.
Father of Indian girl killed in BC says ‘‘we hate Canada” A family from Punjab is grieving the loss of 21-year-old Prabhleen Kaur Matharu, whose body was found in Surrey last Friday. Police are investigating the death of the international student who, her father recalls, begged him to send her abroad so she could be successful. Her body was one of two found in a residence in central Surrey shortly before 5pm on November 21. Police said the woman’s death appears to be a homicide and the Integrated Homicide Investigation Team (IHIT) is investigating. Prabhleen Kaur Matharu came to Canada in 2016 to study business at Vancouver’s Langara
College, according to friends and family. The woman’s father, Gurdial Singh Matharu, confirmed that a Punjabi-speaking RCMP officer called the family to inform them of her death. Reports in Indian news media confirmed the women’s identity and the suspected homicide. Prabhleen Kaur Matharu, 21, came to Canada to study in 2016, according
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to her family. Monday morning, IHIT tweeted that the bodies were of a 21-yearold woman from India and an 18-year-old man from the Lower Mainland. “We are working hard to gather evidence to identify the events surrounding this tragedy,” wrote IHIT Const. Harrison Mohr. News of the young woman’s death has devastated her family in India, said her 64-year-old father. “My daughter was so happy. We were happy. But after this happened ...
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