Archives
PH ranked fourth globally in ‘crony capitalism’
Makati Skyline (File Photo by GRIG C. MONTEGRANDE/Philippine Daily Inquirer) MANILA, Philippines — With President Rodrigo Duterte as chief executive, the Philippines has remained among the countries where crony capitalism — where a few privileged businessmen close to the government enjoy more economic benefits than others — has flourished. . The latest crony capitalism index …
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/wweek/25ZTMA4JSFAMPPOFVXXM7B656A.jpg)
Tenant advocates are calling for a new Multnomah County capital gains tax to pay lawyers fighting evictions. The PBA pushes back.
The last week of March may have marked a turning point in the willingness of high-income Portlanders to subsidize their less fortunate neighbors. The latest example: Tenant advocates and the Portland-area’s largest business organization are gearing up to do battle over a proposed new tax measure. The “Eviction Representation for All” initiative, filed with Multnomah …
Polarx Ltd to raise up to A$4.7m in funding with drilling set to start in Nevada
PolarX Ltd (ASX:PXX) has accepted firm commitments from investors to subscribe for a placement of 119.6 million shares at A$0.021 per share to raise A$2.51 million before fees with an option free attachment on a 1:2 basis worth 3 cents and expiring in 18 months. Following the placement, the company will issue a 1 for …
New Zealand stocks rally in shadow of Air NZ fundraising
New Zealand stocks joined a global rally as investors grew increasingly optimistic about the prospect of peace in Ukraine, amid the local backdrop of Air NZ’s upcoming $1 billion fundraising . Wednesday, March 30, 2022, 7:32 p.m. by Business Desk The S&P/NZX 50 Index rose 179.34 points, or 1.5%, to 12,098.80. Turnover was $282.3 million …
IT Outsourcing in Capital Market Size, Growth Drivers and Forecast
New Jersey, United States – This IT outsourcing in the capital market The report provides a comprehensive overview of significant aspects that will drive market growth such as market drivers, restraints, prospects, opportunities, restraints, current trends, and technical and industrial advancements. The detailed study of the industry, the development and improvement of the industrial sector …
Helix Resources (ASX:HLX) opens $2 million fundraising via SPP – The Market Herald
Subscribe Be the first with news that moves the market Helix Resources (HLX) opens its $2 million stock purchase plan (SPP) for eligible shareholders, as part of its $13 million fundraising The company also opened its SPP to eligible registered shareholders in Australia and New Zealand to purchase up to $30,000 of shares at the …
Young people are more aware of non-market products
PETALING JAYA: Young Malaysians are more aware of non-capital market products in the country than capital market products, says the Securities Commission (SC). According to the SC’s 2021 annual report, its investor survey found that high awareness among young people of non-capital market products included insurance, Tabung Haji and term deposits. “Respondents’ awareness of capital …
WMRE Forums on Capital Raising and Investment Trends
Over the past four days, eight sessions on how to navigate today’s real estate investment market were part of WMRE’s first virtual forum in 2022. The forum, CRE Capital Raising and Investment Trends: First Quarter Update, took place last week. All eight sessions are available for on-demand viewing by clicking the links under each session …
Here’s where the biggest capital gains have been this decade
If you were looking for capital gains in the real estate market over the past ten years, your best bet might have been Kawerau. Realestate.co.nz has released new data showing the evolution of asking prices for regions around New Zealand since 2012. It showed that the biggest capital gains of the decade were in smaller …
GCC Asset Sales to Increase Capital Market Transparency and Development: S&P Report
BlackRock’s Fink Says Russia-Ukraine Crisis Could Accelerate Digital Currencies NEW YORK: BlackRock Inc chief executive Larry Fink said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool for settling international transactions, as the conflict upends the dynamics of globalizing last three decades. In a letter to shareholders of the …
How High-Cost Loans Are Affecting Black and Latino Communities in Memphis
A new report links the impact of high-cost loan storefronts mostly concentrated in minority communities in Memphis to the city’s widening racial wealth gap. A report by Political Institute of Hope and Memphis Black Clergy Collaborative published on Wednesday said that while these loans (which include payday loans) are marketed as a “quick financial fix”, …
Capital Gains on Stocks: Time to Save Money with Tax Harvest
As the current financial year will end in a week, equity investors should opt for tax harvest before March 31 and reduce their tax liability on capital gains Despite market corrections from mid-January to early March due to geopolitical tensions, the benchmark Sensex and Nifty indices have gained 15.7% and 16.5% respectively in the current …
Tadawul unveils biggest improvements in Saudi capital market history
RIYADH: Saudi Arabia’s construction market could return to pre-pandemic levels this year, with the Public Investment Fund, or PIF, pushing for more projects. In 2021, the contract industry saw a 78% increase in business compared to 2020 and this upward momentum is expected to continue in 2022, according to the US-Saudi Business Council. Last year’s …
Women-owned startups see record VC gains in Philly
Data: PitchBook; Graphic: Will Chase/Axios In a banner year for venture capital funding in Philadelphia, startups founded by women have made great strides. What is happening: Women-only startups in Philly accounted for 23 deals in 2021, valued at more than $127 million, according to the Philadelphia Alliance for Capital and Technologies (PACT), which gave Axios …
Best games about capitalism from Disco Elysium to Bioshock: Infinite
It can be hard to have hope in the face of the world, especially these days, and a lot of media offers us a chance to escape it. Video games in particular are a genre designed to give gamers a sense of empowerment by giving them the ability to make a tangible change, even if …
Capital gains for accountancy and business consulting firm
Accountancy and business advisory firm, Hentons, has acquired London-based accountancy firm Clayton Stark & Co, for an undisclosed sum. The acquisition of Clayton Stark & Co will see the turnover of Hentons, headquartered in Leeds, soar to £8.3million and the number of employees increase to 130. Hentons Managing Director Peter Watson said: “Clayton Stark & …
/cloudfront-us-east-2.images.arcpublishing.com/reuters/66XV6GJZRBPJTI2BTQ3NCAVZ3Y.jpg)
Mélenchon, third in the race for the French elections, promises to tame capitalism
PARIS, March 20 (Reuters) – Far-left French presidential candidate Jean-Luc Mélenchon, who could still contest a spot in the crucial second round of April’s elections, vowed on Sunday to lower the retirement age, raise the minimum wage and freeze food. and fuel prices. Melenchon, who denounces the market economy and instead advocates state intervention in …
2022 capital gains rates are better than ever
Selling stocks at a profit can be a major win for your bank account. But it can also come with a hefty tax bill if you’re not careful. The IRS won’t let you slip away without paying capital gains tax. Fortunately, patient investors are rewarded in the stock market with special rates. For 2022, these …
Bringing personal finance to the classroom for Gen Z
“When it’s mandatory, everyone has access,” said Rebecca Maxcy, director of the Financial Education Initiative at the University of Chicago. Update March 18, 2022, 9:32 p.m. ET While progress between the states is encouraging, there’s still more to be done, said Nan J. Morrison, president and CEO of the Council for Economic Education. Currently, only …
Congress allows crony capitalism in the budget | Stone Crabb
Congress distorts the economy by giving tax incentives and subsidies to certain industries, says economist Peter Crabb. Joshua Santos on Pexels Lawmakers are once again adding pork to the federal budget. Congress this month passed a spending bill packed with benefits for advantaged groups. It is not necessary to discuss the economics of these government …
Board of J & K Bank approves Tier II capital raising up to Rs 1000 cr
At meeting held on 17 March 2022 The Board of Jammu and Kashmir Bank at its meeting held on 17 March 2022 has approved raising of Basel III compliant Tier II capital up to Rs 1000 crore in the form of non-convertible, redeemable, unsecured, bonds on private placement basis. Powered by Capital Market …
Technology and the Nigerian Capital Market in 2021
Thursday, March 17, 2022 / 05:30 AM / by Proshare Research/ Header image credit: Ecographics Technology and capital market The Nigerian money market has seen a slew of technological innovations as fintech companies and conventional depository banks face off in an uphill battle for the mandate of retail financial customers. The struggle to deepen the …
Dividend growth and capital gains? Buy Sysco Stock (NYSE:SYY)
hapabapa/iStock Editorial via Getty Images introduction I covered the Sysco Corporation (SYY) zero times – and that’s a problem because I didn’t buy it when it was even cheaper than it is today. The business has gone from $85 to nearly $35 during the pandemic — albeit briefly — because it’s one of the largest …
Do I have to pay capital gains tax if I sell bitcoin?
I invested £10,000 in bitcoin at the end of 2020 and despite it falling from the November peak, I still tripled my money. My initial investment of £10,000 is now worth around £30,000 and I am considering selling half of it and investing in some investment trusts I had my eye on, to take advantage …
Bronco Partners Debt Consolidation Scam 2022
Ad Disclosure: We earn referral fees from advertisers. Learn more Is BroncoPartners a scam? We will let you be the judge. Bronco Partners entices you by sending you a direct mail with a “personalized invite code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will …
NGX and MTN Nigeria Partner to Boost Retailer Participation in Capital Market
Nigerian Exchange Limited (NGX) and MTN Nigeria Communications Plc (MTNN) have signed a Memorandum of Understanding (MoU) to further promote financial literacy and improve retailers’ participation in the Nigerian capital market. During the signing ceremony led by CEO, NGX, Mr. Temi Popoola, and CEO, MTNN, Mr. Karl Toriola; Popoola noted that the exchange is committed …
Capital market stabilizes after two days of consecutive losses
Advertising The Nigerian stock market closed on Friday as investors went home with £39.6 billion following a 0.15% increase in share capitalization. Equity capitalization fell from 25.52 trillion naira to 25.56 trillion naira to cover two days of consecutive losses in the capital market. After eight hours of trading, the all-stock index rose 73.5 basis …
Niger Insurance and Briscoe among top gainers as Nigerian capital market stabilizes after decline
Investors in the Nigerian stock market went home with 39.6 billion naira following the rise in equity capitalization of 0.15% on Friday. After eight hours of nonstop trading on the capital market floor, the equity capitalization fell from 25.52 trillion naira to 25.56 trillion naira to complete the turnaround in fortunes after two days of …
Is daily payment the way of the future? A 5-Step Guide for Employers Considering an Early Access Salary Program to Attract and Retain Talent | Fisher Phillips
In what continues to be dubbed the Great Resignation, employers are looking for creative ways to retain and attract talent. An Early Wage Access (EWA) policy – a revolutionary benefits program that gives employees access to their salary within an hour of a shift – may well be what gives the advantage to businesses. In …
Companies put a damper on raising capital – The Market Herald
Find out more about this capital increase Be the first with news that moves the market Amid global uncertainties, including Vladimir Putin’s war in Ukraine, rising inflationary pressures and COVID, this week saw the brakes on raising capital, with only a scattering of companies announcing they were looking for funds. Small Cap Gold Players Westgold …
Capital gains tax comes into effect delayed to 2024
The implementation of the capital gains tax has been delayed for another two years to reduce the impact of the pandemic on the property market as the government rolls out a series of stimulus packages for economic recovery. The Ministry of Economy and Finance said in an announcement dated March 9 that the ministry has …
What is a capital gains tax? – Daily Macomb
Q: We have lived in our house for 34 years. When we sell it, will we have to pay capital gains tax? My husband thinks we will because his parents had to when they sold their house almost 40 years ago. A: It’s been a few years since I touched on this topic, but it’s …
JEPI ETF: high yield of 7.6%, good upside potential (NYSEARCA: JEPI)
Dilok Klaisataporn/iStock via Getty Images Author’s Note: This article was released to members of the CEF/ETF Income Laboratory on March 3, 2022. The JPMorgan Equity Premium Income ETF (JEPI) is an actively managed equity income ETF. The fund invests in both equities and equity-linked notes (ELNs), which are financial derivatives. JEPI shares offer the fund …
Bangladeshi banks urged to invest more in capital market
FE REPORT | Published: Mar 10, 2022 8:29:06 a.m. | Update: Mar 10, 2022 1:17:41 p.m. The securities regulator on Wednesday urged all banks to make new investments within their current scope to support the struggling stock market. The Bangladesh Securities Commission (BSEC) suggested three specific ways for banks to invest again during a meeting …
Old lesson learned again: cross-border capitalism does not deter wars
Among the terrible victims of Russia’s war against Ukraine, there is one — and as far as I can tell, only one — who deserved to die: the myth that cross-border economic integration (or, more accurately, , the creation of a world capitalist order of production, trade and consumption) will discourage wars. As my colleague …
Fitch: Ghana can once again access the international capital market if…
fitch reviews The international rating agency Fitch has said that Ghana could once again access the international capital market if the country opts for a program with the International Monetary Fund (IMF). Asked about the prospects for new sources of external financing and medium-term fiscal consolidation in a series of podcasts in which Mr. Toby …
Danaher Stock: So Much Money and Potential Capital Gains (NYSE: DHR)
RomoloTavani/iStock via Getty Images introduction I knew what Danaher Corporation (DHR) had been around for years, but I never bothered to look under the hood of this Washington DC-based company. This was perhaps one of the biggest mistakes of my investing career that resulted in no capital losses – only missed gains. Now that Danaher …
Financing businesses through the capital market
Soaring inflation and prolonged business inactivity due to the global lockdown have left businesses with huge inventories and a cash crunch, which has also disrupted funding pipelines. Currently, large, medium and small businesses are looking for funds to get their businesses back on track and continue their growth mandate as markets gradually open up. Thus, …
/cloudfront-us-east-1.images.arcpublishing.com/tgam/RUTZATCRJVIS3JHFJRCDKRJ6IA.JPG)
Opinion: Business has a role to play in restoring Canadians’ faith in capitalism
Bank towers are shown from Bay Street in Toronto’s financial district, June 16, 2010.Adrien Veczan/The Canadian Press David Ryan is the Managing Director of Edelman Smithfield Canada The stress of the pandemic has frayed the social and economic fabric of Canada. We have witnessed an erosion of trust in Canadian institutions, including business, which has …
Cryptocurrency Tax Tips: A Guide to Capital Gains and Losses
Despite the pandemic, investors have potentially made a lot of gains through cryptocurrency trading, the stock market, and more. So what should people think about when filing their tax returns for the 2021 tax year? In the video above, Certified Public Accountant (CPA) and TurboTax expert Lisa Greene-Lewis shares some tips for new investors. Advice …
Capital gains tax: Should you report your cryptocurrency holdings or profits to HMRC? | Personal finance | Finance
Capital gains tax is a levy on the profit a person makes when they sell or give away something that has increased in value. But what are the rules when it comes to cryptocurrency like bitcoin? Britons who sell assets whose total taxable gains exceed their annual capital gains allowance of £12,300 are required to …
SEC takes steps to strengthen integrity of capital market instruments
…requires a “no objection” letter from regulators Securities and Exchange Commission (SEC). The Securities and Exchange Commission (SEC) said issuers would now be required to obtain the “no objection” letter of reference from their respective lead regulators and file it along with other application materials submitted to the Commission. This was in …
Frontier Energy Ltd Begins Commercial Operations as Strongly Supported $8M Fundraise Validates Clean Energy Strategy
The company is developing the Bristol Springs Solar Project, a large-scale solar energy project in the southwest of Western Australia, close to several industrial areas. Frontier Energy Ltd (ASX:FHE) has resumed trading on ASX following strong demand for an $8 million fundraise validating its new clean energy strategy. The company is developing the Bristol Springs …
Frontier Energy: IPO following a fundraising
General Manager Mike Young said: “The renewable energy industry offers significant growth opportunities, particularly to support nearby aluminum mines and the industrial areas of Collie and Kwinana, all of which require massive decarbonisation. That’s why we decided to shift from mining exploration and focus on clean energy opportunities. “The BSS project is strategically located in …
Tax on Capital Gains in Nigerian Capital Market and Equity Investments under the Finance Act 2021 – Taxation
To print this article, all you need to do is be registered or log in to Mondaq.com. introduction It is now a well-established norm that tax laws are periodically reviewed in Nigeria in line with the National Tax Policy adopted by the Federal Executive Council in 2018.1. Since 2019, the National Assembly has always accompanied …
Biden’s First State of the Union
In a room full of maskless war criminals and Ukrainian flags, President Joe Biden declared, in perhaps the most obvious sentence ever uttered in this room, that he was a capitalist. It doesn’t shock anyone, but it’s amazing he had to say it, given that everything else in his speech was so focused on protecting …
Macquarie Asset Management appoints real estate capital raising specialist
Macquarie Asset Management has appointed Alex James to lead product development, capital raising and client coverage in Europe, the Middle East and Africa (EMEA) for its global real estate business. Alex joins as Managing Director and Head of Property, Client Solutions Group EMEA to lead a team of specialists focused on Macquarie Asset Management’s global …