Primary market – English Daily Mon, 11 Oct 2021 00:01:08 +0000 en-US hourly 1 Primary market – English Daily 32 32 Developers and Buyers Praise the HOC Sun, 10 Oct 2021 23:50:39 +0000

KUALA LUMPUR: With only a few months out of the year, all eyes are on the extension of the National Homeownership Campaign (HOC) until 2022.

The campaign, which ends on December 31, has helped developers mitigate the impact of the pandemic.

Kenanga Research, in a recent report, pointed out that property sales by developers have been good.

“Despite the unexpected order of full movement control imposed in June, we note that all developers under our cover are still on line to meet their inside sales target set at the start of the year, with the exception of Malaysian Resources Corp Bhd.

“EcoWorld Development Group Bhd and Sunway Bhd had already exceeded their initial sales forecasts.

Nonetheless, Kenanga Research said the real test will take place when the HOC ends at the end of this year.

“Unless the HOC is extended again, the stamp duties (on the transfer memorandum and loan agreements) which are currently being waived will come into effect,” he said.

The research house added that for properties valued between RM300,000 and RM1 million, the duties would add an additional cost of 2.1% to 2.9% (or RM6,350 to 28,500) in cash. “Based on the trend in auto sales that slowed significantly after the Goods and Services Tax exemption from June 2018 to August 2018, we think most homebuyers would likely seize the opportunity to purchase properties by the end of the year and that property sales would likely come. next year.

The HOC was launched in January 2019 to address the overhang problem in the country.

The campaign, which was to last six months, has been extended for a year.

It proved to be a success, having generated sales totaling RM 23.2 billion in 2019, exceeding the government’s original target of RM 17 billion.

The government reintroduced the HOC in June last year as part of the Penjana initiative to boost the real estate market after it was affected by the Covid-19 pandemic.

The campaign has been extended until the end of this year, with real estate consultants and developers fully supporting the move.

In March of this year, during the Real Estate and Real Estate Developers Association’s 2021 Real Estate Market Briefing, its chairman Datuk Soam Heng Choon revealed that since the reintroduction of the HOC last June, a total of 34,354 residential units valued at RM 25.65 billion had been sold as of February 28, 2021.

Elsewhere, Kenanga Research said real estate development margins since the start of the year have been stable.

“This is due to cost containment and efforts to shift to digital marketing, which drastically reduced sales and marketing costs, while sales remained healthy. “

According to the National Property Information Center (Napic), 92,017 real estate transactions worth RM34.51 billion were recorded in the first half of 2021.

This represents a year-over-year increase of 22.2% in volume and 34.7% in value.

“Performance in all States improved during the reporting period. All states recorded a higher market volume except Putrajaya. The top four states, namely Kuala Lumpur, Selangor, Johor and Penang, accounted for around 50% of the total national residential volume, ”Napic said.

In the primary market, Napic said there had been 16,660 units launched, down 34% from 25,227 units in the first half of 2020.

“Compared to the second half of 2020, new launches were down 24.1%,” Napic said.

He added that the sales performance in the first half of 2021 was 24.7%, surpassing the 12.9% recorded in the previous corresponding period.

“The improvement in sales performance can be attributed to various measures taken by the government such as the HOC incentives and the low interest rate.”

By property type, Napic said townhouses dominated new launches in the first half of this year.

“One-storey (2,624 units) and two- and three-storey (5,455) units together accounted for 48.5% of total units, followed by condominiums / apartments at 41.4% (6,893 units).”

Impact of Covid-19 on the Bowling Center Market – Revenue will increase in 2021-2026 Sat, 09 Oct 2021 10:30:04 +0000

According to Bowling Alley Market The research report provides the most recent industry data and future industry trends, enabling you to identify products and end users that are driving revenue growth and profitability. The Bowling Center market report identifies key competitors and provides industry strategic analysis information on key factors influencing the market. Bowling Center industry analysis report, regional outlook, growth potential, price trends, competitive market share and forecast, 2020 to 2025.

New Bowling Center Market research report provides exhaustive analysis of industry vertical and includes essential details such as market trends including revenue estimates, existing compensation, market size and market valuation over the forecast period.

The study sheds light on factors that the companies operating in the Bowling Centers market consider to be critical pillars for industry growth and sales acceleration. It also provides information on key market trends and its estimated growth rate.

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Key attractions of the Bowling Centers Market report:

  • Rate of growth
  • Current market trends
  • Competitive Ranking Analysis of Bowling Center Market
  • Industry engines
  • Impact of COVID-19 on the Bowling Center market
  • Market concentration rate
  • Regional bifurcation
  • Main challenges
  • Competitive framework
  • Consumption growth rate
  • Revenue forecast

Geographical analysis of the bowling alleys market:

Segmentation of the bowling center market: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, United Kingdom, Italy, Russia, Middle East and Africa, Egypt, South Africa, Israel, Turkey and GCC countries.

An Overview of the Regional Bowling Center Market Ground:

  • Market share held by each geography.
  • Consumption rate for each region listed.
  • Provisional remuneration for each land.
  • Expected growth rate according to the consumption patterns of each topography during the study period.

Product Types and Scope of the Bowling Centers Market:

Product landscape:

Product types: 32 lanes or more, less than 32 lanes and less than 32 lanes is the most used type which represents about 81% of the total in 2018 in the world

Key factors included in the report:

  • Consumption rate of all types of products
  • Product sales
  • Estimated revenue raised by each piece of product
  • Market share generated by each type of product

Application landscape:

Segmentation of applications:

  • Adults 18 and over
  • Young people aged 6 to 17 and adults aged 18 and over accounted for around 74% of the global total in 2018

Details mentioned in the document:

  • Consumption rate of all listed applications.
  • Industry share of each application fragment
  • Forecast revenue amassed by each application segment during the study period.

Other details specified in the report:

  • The paper assesses the limitations and challenges that may hinder the expansion of the market.
  • An in-depth look at the factors that could impact the marketing graph of the market over the duration of the study.

Competitive Spectrum of the Bowling Center Market:

Competitive Outlook of Bowling Center Market:

  • Brunswick
  • QubicaAMF
  • American Bowling Society
  • IT score
  • Steltronic
  • Change bowling
  • AK Microsystems and Twelve Strike

Main aspects according to the report:

  • Product sales information
  • Market forecasts of industry players
  • Company overview
  • Pricing models for manufactured items
  • Sales & distribution area

Research objectives

  • To study and analyze the global Bowling Centers market consumption (value and volume) by key regions / countries, type and application, historical data from 2015 to 2019, and forecast to 2025.
  • To understand the structure of Bowling Centers market by identifying its various subsegments.
  • Focuses on the leading manufacturers of the global Bowling Center market, to define, describe, and analyze sales volume, value, market share, market competition landscape, SWOT analysis, and development plans over the next few years.
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  • Analyze competitive developments such as extensions, agreements, new product launches and acquisitions in the market.
  • To draw up a strategic profile of the main players and to analyze in depth their growth strategies.

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With a market size valued at $ 3.2 billion by 2026, this is a healthy prospect for the global electronic lock market Thu, 07 Oct 2021 15:30:00 +0000

SAN FRANCISCO, October 7, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Electronic Locks – Global Market Trajectory & Analytics”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.

Global Electronic Locks Market

Editing: 9; Posted: April 2021
Executive pool: 1922
Companies: 41 – Players covered include Assa Abloy AB; Cisco Systems, Inc .; Honeywell International, Inc .; iLOQ Oy; Kiekert SA; Panasonic Corporation; SALTO SL systems; Spectrum Brands Holdings, Inc .; United Technologies Corporation (UTC); Vanderbilt Industries and others.
Blanket: All major geographies and key segments
Segments: Authentication (digital codes and passwords, security tokens, biometrics); End use (residential, commercial, automotive); Interconnectivity (wired, wireless)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.

Free Project Preview – This is an ongoing global program. Preview our research program before making a purchase decision. We offer free access to qualified executives in charge of strategy, business development, sales and marketing and product management roles in selected companies. Insights provide privileged access to business trends; competing brands; profiles of experts in the field; and market data models and more. You can also create your own bespoke report using our MarketGlass ™ platform which offers thousands of bytes of data with no obligation to purchase our report. Registry overview


Global Electronic Locks Market To Reach $ 3.2 billion by 2026
In the midst of the COVID-19 crisis, the global electronic lock market is estimated at US $ 1.5 billion in 2020, is expected to reach a revised size of US $ 3.2 billion by 2026, with a CAGR of 13.3% over the analysis period. Wired, one of the segments analyzed in the report, is expected to register a CAGR of 12.6% and reach US $ 2.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the wireless segment is readjusted to a revised CAGR of 14.9% for the next 7-year period.

The US market is estimated at $ 512.3 million in 2021, when China is expected to reach $ 564.2 million by 2026
The market for electronic locks in the United States is estimated at US $ 512.3 million in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 564.2 million by 2026, with a CAGR of 12.8% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 11.6% and 11.4% respectively during the analysis period. In Europe, Germany is expected to grow at around 9.8% CAGR. Following

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US government bond market specialists warn of the fragility of the Fed’s withdrawal Thu, 07 Oct 2021 04:00:42 +0000

U.S. government bond scholars are starting to worry about how the world’s largest market will fare when the Federal Reserve withdraws its support in the era of the pandemic.

The $ 22 billion treasury bill market forms the basis for pricing other assets around the world. It is famous for its liquidity – a broad term meaning that it is easy to enter and exit transactions. But on several occasions since the first hit of Covid-19, liquidity gaps have arisen, creating jerky price movements.

When the Fed begins to cut its bond buying program by $ 120 billion per month, perhaps as early as November, some participants worry that the lack of once-reliable market support may no longer generate instability.

The Treasury market system “is designed for high-frequency traders and primary traders to step back when problems arise,” said Yesha Yadav, a professor at Vanderbilt Law School in Nashville who studies market structure and regulation. of the Treasury.

“The way this is set up is designed to fail. He is exceptionally fragile, ”Yadav said.

The Treasury bill market collapsed during the Covid shock of 2020. Perhaps this was the inevitable result of investors rushing globally to reshape portfolios. But central banks and regulators were also alarmed when at one point Treasury prices fell rapidly – the opposite of typical patterns in times of stress – because liquidity evaporated. More recently, in February, low participation in a standard seven-year debt auction caused prices to drop significantly.

“For people with March 2020 and February 2021 in mind, it reminds people that there are risks to the functioning of the Treasury market as we see the Fed trying to pull out of the market,” said Mark Cabana, responsible for US interest rate strategy. at the Bank of America.

A key responsibility here lies with the primary dealers, the 24 financial companies responsible for providing a flow of buying and selling prices for Treasury bills by the Fed. They include banks such as JPMorgan Chase, Citigroup, and Goldman Sachs. Data from the Financial Industry Regulatory Authority suggests they pulled out in February and March of last year before the Fed stepped in to stabilize the market.

Primary traders deal directly with the Treasury Department, and they theoretically help support the market as buyers when other investors try to sell. But Dodd-Frank regulations in the aftermath of the 2008 financial crisis forced banks to hold more capital on their balance sheets to offset the debt they owned. In response, the primary dealers reduced the amount of their debt relative to the size of the Treasury market.

“The banks were never there to catch the falling knife, but they certainly acted as a pretty huge liquidity buffer for the market in a way that they can’t or don’t want today,” said Kevin McPartland, Head of Marketplace Structure and Technology. research at the Greenwich Coalition.

The Securities Industry and Financial Markets Association, an industry lobbying firm representing large lenders, wrote earlier this year that changing bank balance sheet rules would make the market work.

“A slight easing of the balance sheets of the primary dealers would probably help reduce these more frequent bouts of volatility, and we would still have a much more secure system” than before the financial crisis, said Tyler Wellensiek, global head of market structure. rate at Barclays.

But maintaining the rules brings benefits: Capital requirements on banks likely averted major crises in the industry during the coronavirus recession, according to the Bank for International Settlements. And changing capital requirements would potentially put the United States in violation of the post-2008 Basel international accord, said Greg Peters, co-chief investment officer of PGIM Fixed Income.

As primary dealers have stepped back from their role as market makers, hedge funds and high frequency traders, notably Citadel Securities, Virtu Financial and Jump Trading, have taken their places. But when the markets become volatile, high frequency trading funds can also retreat.

Data from the Greenwich Coalition shows that order book volume – much of which is made up of high-frequency trader activity – has declined during recent liquidity issues. In March of last year, the average daily order book volume on a relative basis to other execution methods fell to its lowest level since 2014 and has not fully recovered since.

Regulators have discussed making changes to strengthen the liquidity of the Treasury market. But progress on all of these reforms has been slow, and the lack of a centralized treasury market regulator can be confusing.

Yet not everyone expects a crisis.

“It was telegraphed very well by the Fed,” said Jan Nevruzi, strategist at NatWest Markets. This communication is likely to avoid a tantrum like the one observed in 2013.

The Fed’s reverse repo program – which allows banks to put liquidity into the US central bank overnight in exchange for Treasuries – can stabilize liquidity in a crisis, said Ellis Phifer, strategist market at the financial consulting firm Raymond James.

But the reverse repo facility is a safety net, said Edward Al-Hussainy, analyst at Columbia Threadneedle Investments, and not a permanent solution to how the market works.

“It’s not a market that’s ready for the kind of environment we find ourselves in, where shocks are common,” Al-Hussainy said. “We are seeing events that are supposed to be rare happening with disturbing frequency.”

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]]> London’s youngest farmers bring their harvest to Borough Market Wed, 06 Oct 2021 11:06:33 +0000

The Borough Market bell signifies the official start of a trading day. On this occasion, the rope that hangs from the ceremonial bell is approached by six primary schoolchildren who, after several attempts at vertical tugging, manage to alert buyers of the bargains that await them.

pope adrian

For the past 10 years, during harvest season, Young Marketeers have flooded the Borough Market to sell their fresh produce as part of a campaign run by the food education charity School Food Matters. During the two days of the Harvest Sale, more than 100 children will try their hand at the trade of tradesman.

“Children need to learn essential life skills about food, they need to learn how to grow it, what to eat and how other families in their communities are what we would call ‘food insecure,” says Stephanie Slater , director general of school feeding matters.

No sooner had she finished her sentence than we were approached by Leo from St James’ Church of England primary school who asked us if we would like to visit her stand.

“Food is healthy and will make you taller,” he says. Leo is clearly a strong supporter of his own marketing strategy, as he quickly tries to buy one of the potatoes he sells with his pocket money.

Leo poses with a poster advertising his stand

/ pope adrian

All funds raised will be donated to the Felix Project, a charity the Evening Standard has worked with to redistribute unsold fresh food to those who need it most.

Zophia, Jessiphine and Chance from Holy Trinity Church of England Primary School subtly encourage me to buy the most expensive thing on their stall – a strawberry worth £ 2 – as each pound I harvest can provide six meals for ” someone who doesn’t have that much to eat, ”says Jessiphine.

Borough Market is a charitable trust and Kate Howell, its director of engagement, says the program has funded nearly 50,000 meals for vulnerable families.

“You can just see it in their faces: the pride that comes from something close to their hearts that has grown and is brought to market,” she says.

Throughout the process, from seed to display on their decorated Borough Market stalls, London’s 20 primary schools received tips from traders on how to set up their stalls and make the best sales. .

“You have to get people’s attention,” says Zainab of Cyril Jackson Elementary School. “You could give a speech or tell them about anything you sell. “

However, the difficulties of managing a profession do not escape him. “Sometimes people won’t want to buy your stuff and you just have to learn to live with it,” she said quietly.

Zainab, pictured far left, celebrates her teams’ success by selling tactics

/ pope adrian

Camilla Simon has managed the Pieminister stand at Borough Market for 20 years and has spoken to the children about running a successful business.

“They’re only small, so the whole process, from rearing the product in the field to presenting it on the plate, gives them a lot to discuss with their buyers. It will be very useful for them if they want a part-time job when they are a little older.

Jessop Elementary School even produced a cookbook urging you to put your fresh market produce to good use (at this point I’m loaded with three brown paper bags worth treats).

Using these ingredients in recipes is important so that “when you get older you are still in good shape,” says Maya.

While Radiyat included a recipe for accra, a type of donut, Karena tells me about a Japanese herb called mizuna that her mother grows at home.

“Growing food in an urban setting is seen as very hard and difficult work, but you can grow vegetables in pots, on a windowsill, or in a school garden,” says Slater. “I think the Covid-19 has really shown that there are great inequalities in access to food and health. Getting to know the Felix project is therefore a fantastic lesson.

John Ruskin Elementary School students

/ pope adrian

How the Seattle Kraken Hockey Team uses data analytics to drive business goals Tue, 05 Oct 2021 18:07:18 +0000

Seattle Kraken VP of Strategy and Business Intelligence Kendall Tyson explains how the hockey team is using data analytics at the 2021 GeekWire Summit. (Photo GeekWire / Dan DeLong)

When it comes to sports data, most people think of RBIs, third base conversions or shots on goal, but Kendall Tyson, vice president of strategy and business intelligence for the team. Seattle Kraken hockey has a whole different kind of stats in mind.

What videos do you watch on the Kraken site? Are you going to the big game on your birthday or anniversary? What type of wine will you order from the Climate Pledge Arena?

“We bring together ticket purchases for hockey games, ticket purchases for concerts, food and beverage data, retail data and membership data from everyone who comes to Climate Pledge Arena – and not just our fans, ”Tyson told the GeekWire summit today. “We take this information, we integrate it into a database and we create Customer 360 profiles.”

If you like a particular Kraken video series, you might see a link to the latest installment at the top of your membership email. If it’s your birthday, the Kraken might offer you an offer on a private suite for the game.

And then there is the wine.

“We know from your food and drink purchase history, you love this dark cab,” Tyson said. “And when one of our partners brings out a new one, one of those bottles may be waiting for you.”

You might expect the latest addition to the region’s pro sports spectrum made famous by Microsoft and Amazon to be a tech savvy – and Tyson is playing a key role in meeting that expectation. She comes to the role with experience that includes developing business strategies at Accenture, LPGA and Topgolf.

Kraken home page

The Seattle Kraken website is designed to reflect users’ data preferences.

In addition to building an expansion team of hockey players from the ground up, the Kraken leadership team is partnering with Climate Pledge Arena and Ticketmaster to build the online infrastructure for personalized customer experiences.

“We are the first team to have created our own in-house mobile app,” said Tyson. “We will send this information to our digital channels, to allow people to have personalized experiences, whether it’s shopping online or just visiting a website and seeing their favorite band or favorite player in top of the screen. “

The approach seems to be earning points with fans already: Kraken tickets sell out quickly in the primary market, and thanks to Ticketmaster’s verified purchase system, sellers are asking for between $ 400 and $ 10,000 and more in the secondary market. for tickets to the very first Kraken House. opener, against the Vancouver Canucks on Oct. 23.

If those numbers sound daunting, wait: Tyson said the asking price is expected to drop as playing time approaches. “In the long run, analytically, it’s all about supply and demand,” she explained.

During the question-and-answer session, one of the GeekWire summit attendees asked about the trade-off between personalization and privacy: “There’s a part of me that says, ‘Ooh, I’m a mom. under siege, I want to feel special ”” she said. “And there’s a part of me that says, ‘Oh my God, that’s kinda scary.'”

To allay those concerns, Tyson pointed to the rise of regulations aimed at promoting data protection and personal control over data sharing.

“All of this puts control back, in my opinion, to the consumer,” she said. “And so we’ll never share more than what you wanted to share, right?” We have a double opt-in policy, so if you decide you don’t want to have that bottle of wine sitting in your chair, you can opt out, or not opt ​​in, and we won’t have it for you. “

More from GeekWire:

$ 1 million fine for mining pāua and crayfish on the Chatham Islands black market Mon, 04 Oct 2021 22:47:00 +0000
A pāua pot recovered by the Ministry of Primary Industries.

Ministry of Primary Industries / Supplied

A pāua pot recovered by the Ministry of Primary Industries.

A seafood company and its owner were fined more than $ 1 million for an illegal fishing operation that resulted in the illegal fishing of 12 tonnes of pāua and crayfish.

The deletion of the name of Michael Vernon Weaver and his company Southern Ocean Seafoods expired on Tuesday.

The Chatham Islander, 42, and his business faced 19 charges under the Fisheries Act and were convicted by Manukau District Court in July.

The charges involved 12 tonnes of undeclared seafood, valued at over $ 900,000.

* 73-year-old man sentenced after biggest catch of illegal lobster and paua ever found
* Seized properties worth $ 4.1 million returned to owners five years after fishermen’s raid
* Three-year fishing ban will make “no difference” to the family’s fishing empire
* Offensive fishing a flagrant case of putting profits before the common good

Judge Karen Grau ordered Weaver and Southern Ocean Seafoods to each pay a fine of $ 525,000. Weaver must also serve 12 months of house arrest.

Waitangi Beach on the Chatham Islands, towards Waitangi Township.  (File photo)

Monique Ford / Stuff

Waitangi Beach on the Chatham Islands, towards Waitangi Township. (File photo)

The judge also ordered that 1.6 tonnes of the company’s crayfish quota shares be forfeited to the Crown. The shares are worth over $ 1.2 million.

Department of Primary Industries compliance director Gary Orr said under Weaver’s direction Snapper Seafoods Ltd received undeclared seafood between 2017 and 2018 from fishermen in the Chatham Islands.

He said the fishermen, Kevan Huia Clarke and Robin Andrew Page, were sentenced for their roles in 2020.

“Without Mr. Weaver’s company, Southern Ocean Seafoods Limited, this violation by commercial fishermen would not have been possible.

“He came to an understanding with the fishermen involved, agreeing to false quantities of fish to be declared for the dossier.”

Orr said Weaver misled Snapper Seafoods, who was unaware of the deception.

“Mr Weaver’s sentence ends a lengthy MPI investigation into the offense and sends a strong message – this type of offense will be investigated and brought to court.”

Anyone could report suspicious fishing activity by calling the MPI 0800 4 POACHER hotline, Orr said.

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Ministry of Finance to issue EGP 195.25 billion treasury bills and bonds in October 2021 Mon, 04 Oct 2021 00:17:06 +0000

Egypt’s finance ministry has revealed plans to issue EGP 195.25 billion treasury bills (T-bills) and bonds in October 2021, as part of a larger plan that includes the offering of local debt instruments worth EGP 633.28 billion to cover the budget deficit, in the second quarter (T2) of fiscal year (FY) 2021/22.

According to the ministry, it intends to issue 16 treasury bill issues worth EGP 144 billion and 15 bond issues worth EGP 51.25 billion.

According to the plan, the Treasury bill issue consists of 4 offers worth EGP 15 billion for 91 days, 4 offers worth EGP 13 billion for 182 days, 4 offers worth 57 billion EGP for 273 days and 4 offers worth 59 billion EGP for 364 days.

The government’s plan also includes offering 2-year bonds worth EGP 15 billion, 3-year bonds worth EGP 19.5 billion and five-year bonds. years worth EGP 2.25 billion. The finance ministry is also expected to offer 7-year bonds worth EGP 1.75 billion and 10-year bonds worth EGP 1.25 billion. It also offers 15-year bonds valued at EGP 500 million and 1.5-year zero coupon bonds valued at EGP 11 billion.

Banks operating in the Egyptian market are the largest investors in bonds and treasury bills. The offers are issued through 15 banks that participate in the primary dealer system on the primary market, and these banks resell part of them on the secondary market to individual investors and to local and foreign institutions.

A recent report by the Central Bank of Egypt (CBE) revealed a decline in the total volume of the treasury bill balance to around EGP 1.564 billion in July 2021, from around EGP 1.588 billion in June.

Investments by public sector banks in treasury bills reached about EGP 257.920 billion in July, compared to about EGP 262.057 billion in June.

He added that investments by banks specializing in treasury bills reached EGP 37.062 billion in July, compared to EGP 32.948 billion in June. Investments by private sector banks amounted to EGP 323.186 billion in July, up from around EGP 350.546 billion in June. Investments by foreign banks in local debt instruments reached EGP 45.749 billion in July, compared to EGP 46.022 billion in June.

According to the CBE, the size of the domestic public debt stood at around EGP 4.742 billion in June 2020, accounting for around 81.5% of the gross domestic product, of which 87.8% is owed by the government, 6% is owed by public economic bodies, and 6.2% is owed by the National Investment Bank (NIB).

The CBE explained that the net balance of domestic debt owed by the government was about EGP 4.163 billion, an increase of about EGP 432.8 billion in fiscal year 2019/2020, while the net balance of the economic public bodies was EGP 286.4 billion, an increase of EGP 3.5 billion, and the net debt of the NIB, minus the bank indebtedness to the bodies economic and the bank’s investment in government securities, reached about EGP 292.1 billion, an increase of EGP 23.7 billion.

]]> ADB Sells $ 3 Billion Global 3-Year Benchmark Bonds – India Education | Latest Education News | Global education news Sun, 03 Oct 2021 02:19:46 +0000

MANILA – The Asian Development Bank (ADB) re-entered the US dollar bond market with the price of a 3-year $ 3 billion global bond, the proceeds of which will form part of the ADB’s ordinary capital resources.

“This 3-year transaction closes a phenomenal year for ADB in capital markets,” said AfDB Treasurer Pierre Van Peteghem. “Given the strong order book of over $ 6.6 billion, the final price was set at 2 basis points as part of the initial pricing thoughts with a print size of $ 3 billion that was in line with our remaining global US dollar market funding requirements for 2021. ”

“Investor interest in our good work was as impressive as ever, especially amid lingering concerns about the COVID-19 pandemic. We thank the AfDB’s global investors for their continued support to our mission and the financial assistance provided to our members in these troubled times, ”added Mr. Van Peteghem.

The 3-year bond, with a coupon of 0.625% per annum payable semi-annually and a maturity date of October 8, 2024, was valued at 99.946% for a yield of 9.1 basis points against US Treasuries at 0.375% maturing in September 2024.

The transaction was led by BofA Securities, Morgan Stanley, Nomura and RBC Capital Markets. A syndicate group was also formed, made up of BNP Paribas, CIBC Capital Markets, Scotiabank and SEB.

The issue was widely distributed on the primary market with 20% of the bonds placed in Asia; 44% in Europe, the Middle East and Africa; and 36% in the Americas. By type of investor, 65% of bonds went to central banks and official institutions, 24% to banks and 11% to fund managers and other types of investors.

The AfDB plans to raise around $ 34 billion to $ 36 billion in capital markets in 2021.

The AfDB is committed to achieving a prosperous, inclusive, resilient and sustainable Asia and the Pacific, while continuing its efforts to eradicate extreme poverty. Founded in 1966, it is owned by 68 members, including 49 from the region.

California judge refers Live Nation ticket antitrust case to arbitration Fri, 01 Oct 2021 21:19:00 +0000 The Live Nation Entertainment logo is displayed on a ground display at the New York Stock Exchange. REUTERS / Brendan McDermid

  • Judge said terms of use on Live Nation and Ticketmaster sites require arbitration
  • Quinn Emanuel’s team for complainants said they had not approved the terms of service

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(Reuters) – A California federal judge on Thursday dismissed an alleged national consumer class action suit alleging that the merger of Live Nation Entertainment Inc and Ticketmaster LLC has reduced competition in the market and inflated the prices of tickets sold on web platforms.

U.S. District Judge George Wu of the Los Angeles Federal Court said the plaintiffs were bound by arbitration clauses contained in the terms of use for the websites of Ticketmaster and its Beverly Hills-based parent company Live Nation. , in California. Wu accepted the defendants’ offer to demand arbitration.

Wu said in a Sept. 20 ruling that the plaintiffs had “provided no persuasive authority when a court struck down an arbitration agreement in similar circumstances.” He added: “The court joins with many others in re-concluding that the defendants’ websites have provided sufficient constructive notice as required for mutual assent.”

Frederick Lorig, an associate with Quinn Emanuel Urquhart & Sullivan in Los Angeles who represented the plaintiffs, did not immediately return a message on Friday seeking comment.

Lawyers for Live Nation and Ticketmaster at Latham & Watkins, including Daniel Wall, former chairman of the firm’s antitrust practice, also did not return a message seeking comment.

The putative class sued Live Nation and Hollywood, Calif., Ticketmaster in April 2020, alleging violations of federal antitrust law in two areas: the “primary” market for an initial distribution of tickets and a “secondary” market for the resale of previously purchased tickets. .

The complaint alleged that Live Nation and Ticketmaster “engaged in predatory and exclusionary behavior,” including efforts to enter into long-term agreements with sites in an effort to suppress competition for the sale of tickets.

The complainants stated, among other things, that they did not see or read the relevant terms of use, and that they did not agree to them, when purchasing tickets online.

Wu said, “A user shows his or her assent by completing the account creation process, logging into an account, or completing a purchase.”

The plaintiffs also said that a “countdown” – in which a ticket purchase had to be made – added additional pressure that did not allow consumers to read the terms of use.

Wu said the practice of a timer was not “oppressive.”

“If desired seats in popular shows sold out within minutes, as the plaintiffs claim, ‘booking tickets’ could actually increase the time a user has to complete their purchase before desirable tickets run out.” , Wu wrote.

The case is Oberstein v. Live Nation Entertainment Inc, U.S. District Court for the Central District of California, No. 20-cv-03888.

For the Complainant: Frederick Lorig, Kevin Teruya and Adam Wolfson of Quinn Emanuel Urquhart & Sullivan

For Live Nation and Ticketmaster: Daniel Wall and Timothy O’Mara from Latham & Watkins