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 "If this is Real" - Fri. PM KTFA Thoughts, News w/ Frank26 3/16/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

"If this is Real" - Fri. PM KTFA Thoughts, News w/ Frank26 3/16/18

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 "If this is Real" - Fri. PM KTFA Thoughts, News w/ Frank26 3/16/18 Empty "If this is Real" - Fri. PM KTFA Thoughts, News w/ Frank26 3/16/18

Post by Ssmith on Sat Mar 17, 2018 8:50 am


Get1Later » March 16th, 2018

"Me Thinks"

If this is REAL.....

1. All the Banks are "LINKED"

2. Their MAYBE a New Rate (or AT LEAST a Different Rate)

3. This HAS to be done with a new rate attached to it (not that STINKIN' Program Rate....)

Just My LIL' Old' Opiniõn!!!

Samson » March 16th, 2018

Al Rashid announces the launch of the first batch of salaries via MasterCard

16th March, 2018

Al-Rasheed Bank announced on Friday the launch of the first batch of salaries through the MasterCard card, one of the electronic payment tools, pointing out that the card is drawn from inside and outside Iraq.

The bank's information office said in a statement obtained "Economy News" a copy of it, "Al-Rasheed Bank launched the first payment of salaries through the card MasterCard International Nakheel electronic payment tools."

The bank called on all departments and ministries to "speed up the settlement of salaries of their employees and obtain the card so that the bank can grant them advances and loans, noting that this card helps the citizen to save and protect him from trading counterfeit currency and damaged and retain salaries from thefts suffered during the transfer of salaries."

He added that "the card is drawn from inside and outside Iraq and the Bank recently distributed a number of ATMs in Baghdad and the provinces, knowing that the commission card (10) thousand dinars, three years LINK

Hazen » March 16th, 2018

I hope the drop dead time frame is right as well. We're seeing all these great articles about how Iraq is moving forward in every possible way. The next move would be to reinstate your currency. When Kuwait revalued years ago, they didn't have electricity or banking systems in place. I think it's time for Iraq to shine. Let's reinstate your currency!!

Walkingstick » March 16th, 2018

BR........ F .. per con

Parliamentary Finance: The budget entered into force and the President of the Republic has no authority to reject it Link

Frank26 » March 16th, 2018


B.McG » March 16th, 2018

If the budget was entered into with force doesnt that mean its finished and doesnt need to wait till the 21st? Isnt being announced in a sense??

Don961 » March 16th, 2018

it still needs the time frame we were taught in CC according to Iraq law .... this headline just means that Masoum can't veto or delay implementation by not signing ... so it will come into "force" to become law anyway ... imo

Here's a paragraph from the article :

"There is no authority for the president of the republic to reject the budget law or any law voted by the House of Representatives, and infallible knows it well," said member of the Committee Jabbar al-Abbadi, in an interview with (Baghdad today), noting that "the budget came into force, "He said.

Samson » March 16th, 2018

Getting Granular on the Vietnamese Growth Story

16th March, 2018

Việt Nam’s explosive growth is no secret, but investors may have to look a little closer to fully appreciate all the investment opportunities underlying the broader stories. Here, our expat financial expert Brian Spence dissects just a few.

As savvy money managers all over the world know, Việt Nam has a lot going for it as an investment prospect.

The country’s Gross Domestic Product is growing strongly, along with its labour productivity; it has a young population noted for a “can-do” attitude; and it has a rapidly-expanding middle class with aspirations to a Western lifestyle and all the consumer trappings that entails.

​What’s more, Việt Nam’s stock market has grown immensely since 2008, generating excellent returns on equity, while overseas investors are soon to be granted many more opportunities through privatisation and new-share flotations.

There is much to catch the eye when surveying Việt Nam’s growth story, but as an investor it always pays to understand the underlying thematic trends affecting the way people live and work. How you take a view on these will vary according to your individual investor profile, but I can see many possible investment opportunities here.

Two wheels to four

Where once the humble bicycle was the main mode of transport for the Vietnamese, car ownership is now booming, adding to the ubiquitous motorbikes and scooters that throng the streets. In HCM City alone, there are now thought to be over eight million motorbikes and some 600,000 cars registered across the city’s 13 million residents. And, car ownership levels are set to climb even higher in Việt Nam from this year after the Government’s expected move to cut tariffs on car imports – which will see motor prices slashed by close to half.

Việt Nam’s rapid shift from pedal power to petrol is causing unprecedented congestion which simply must be alleviated, however: the average commuter is thought to spend close to an hour battling the traffic daily, with HCM City suffering from up to 40 congestion hotspots and 130 simultaneous road works on any given day. Journey-makers in Hà Nội fare little better.

Laying the tracks for growth

Vast sums are being spent on road-building. But after tinkering with layouts and traffic restrictions – and even considering elevated roads – to reduce the immediate traffic pressure, the authorities have concluded that both cities must have metro systems like any other bustling metropolis in a high-growth country.

Hà Nội’s Cát Linh-Hà Đông line is set to be unveiled this year, with the completion of HCM City’s Bến Thành-Suối Tiên line expected in a couple of years. Running for 13km and 20km respectively, these are just the start of citywide networks which will get Việt Nam’s two largest cities really moving, boosting their economies – and those of the country – in multiple ways.

On the rails, as on the roads, Việt Nam’s massive infrastructure spending really is laying the tracks for growth across a huge array of industries and sectors.

Manufacturing the future

Having begun in labour-orientated manufacturing, Việt Nam has really forged ahead with technology-intensive sectors – with electronics leading the way. It may surprise Westerners (who tend to have quite an outdated perception of the country) to learn that Việt Nam is ranked 18 among the world’s fastest-growing electronic exporters (high-tech products contributed almost 29 per cent of the country’s GDP as far back as 2013).

Low labour costs are of course a big part of Việt Nam’s success in manufacturing – which is why China, the US and Japan have offshored manufacturing here for many years.

However, Việt Nam is also pressing on with real innovation. In May last year, Việt Nam’s Prime Minister called on the country to embrace disruptive technologies to further bolster its manufacturing sector. Among other innovations on the agenda is the combination of automation, robotics and the “Internet of Things”, to ramp up efficiency and lower production costs (IoT leverages smart sensors and big data analytics to make machines “smart”).

In short, Việt Nam is hot on the heels of technology front-runners Japan and Singapore, and there may be immense value in getting in early on the country’s pioneers.

Opportunities abound

While this column is not the place for making specific recommendations, what I can recommend is a closer look at the drivers behind Việt Nam’s incredible growth story and all the myriad investment opportunities they might bring.

Việt Nam has come a long way since its tentative emergence as a market-driven economy, but the country’s stellar rise still has a very long way to go in my view. Whatever kind of investor you are, make sure you understand the offshoot growth stories stemming from the larger ones – that’s often where the real return potential lies. LINK

Japan bank mulls PetroVietnam plan

14th March, 2018

The Japan Bank for International Cooperation (JBIC) is considering funding the Block B&52/97 project of the Việt Nam Oil and Gas Group (PetrolVietnam) with loans without a government guarantee. General Director of PetroVietnam Nguyễn Vũ Trường Sơn recently worked with JBIC representatives on the financial arrangements for the project.

According to PetroVietnam, the project, worth nearly US$10 billion, is one of the two largest gas projects in Việt Nam. The capital arrangement for the project is one of the main concerns of foreign partners involved in the project.

The Block B&52/97 project’s oilfield development report was approved by contractors and the State appraisal council, while its environmental impact assessment report was ratified by the Ministry of Natural Resources and Environment. The quantitative risk assessment report was also submitted to the Ministry of Industry and Trade.

As scheduled, the contract will be awarded in June 2018, and the signing of Engineering Procurement Construction and Installation (EPCI) contracts for the project will be done in July.

The Block B&52/97 project includes two sub-projects. The first aims to develop the Block B oilfield, with PetroVietnam owning maximum capital in the project (42.896 per cent). Other investors are PetroVietnam Exploration and Production Corporation (26.788 per cent), Mitsui Oil Exploration Company (MOECO) of Japan (22.575 per cent), and Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) (7.741 per cent).

The second is to build the Block B-Ô Môn gas pipeline having a total length of 430km. PetroVietnam, PetroVietnam Gas Corporation (PV Gas), MOECO and PTTEP have invested in this project.

The Block B&52/97 project is expected to bring ashore 5.06 billion cu.m of gas per year within 20 years, meeting the gas demand of power plants in the south.

It is expected to contribute some $18 billion to the State budget. LINK

Vietnam's State Treasury mobilises nearly US$1.5bn from G-bonds

16th March, 2018

 "If this is Real" - Fri. PM KTFA Thoughts, News w/ Frank26 3/16/18 Vndbonds_orig

The State Treasury of Việt Nam has so far successfully mobilised VNĐ34 trillion (US$1.49 billion) via Government bond (G-bond) auctions.

This accounts for more than 75 per cent of the total bonds planned to issue in the first quarter of this year.

According to the latest report of Bảo Việt Securities Company (BVSC), in the auction last week alone, the State Treasury offered for sale a large volume of 20-year and 30-year G-bonds worth VNĐ4 trillion.

At the auction, 99 per cent and 96 per cent of the 20-year and 30-year bonds, respectively, were bought at the interest rates of 5.1 per cent and 5.39 per cent, down 0.1 and 0.01 percentage points against the previous auction, respectively.

According to BVSC, the success of these auctions comes from the abundant liquidity in the banking system after Tết (Vietnamese Lunar New Year) holidays.

Thanks to the good liquidity, the interest rate of đồng loans in the inter-bank market last week decline sharply by 0.29 to 0.49 percentage points for most terms against the previous week.

Specifically, the overnight rate dropped to 0.91 per cent against more than 3 per cent before Tết. The rates for one-week and two-week loans also reduced to 1.17 and 1.44 per cent, respectively.

The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year, thanks to the economic growth of more than 6.7 per cent and inflation of below 4 per cent.

The value of G-bonds issued in 2018 is estimated at some VNĐ180 trillion, with the focus being on long-term maturity and keeping the interest rate at low levels.

G-bonds worth VNĐ159.9 trillion and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year.

The bonds had an average annual interest rate of some 6.07 per cent, down 0.2 percentage points against 2016, the Ministry of Finance said. LINK

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