Asean free trade area benefits

At first glance, credit services companies appear to be front-line casualties as governments impose travel bans and implant social distancing measures to limit the impact of the deadly coronavirus. Understandably, severely reduced consumer spending on everything from upcoming summer vacations to restaurants has prompted many industry stalwarts to slash quarterly and yearly earnings projections . However, judging from the panic buying of staple products across the country in recent weeks, the group should see a substantial increase in transactional demand from grocery and supermarket merchants as shoppers continue to stock their pantries in preparation for the virus. Even before the arrival of COVID-19 , Americans spent 41% more on groceries compared to dining out, according to location intelligence firm Esri, per cnbc.com . Furthermore, credit services companies may benefit from a steady rise in subscription services, such as Microsoft's Office 365 and Netflix's streaming … [Read more...] about 3 Credit Services Stocks Trading at Multi-Year Support

Tesla Company (Thailand) Ltd is now a registered company in Thailand, according to information found on the Department of Business Development’s website. The company registered today, on May 25, with an initial registration capital of 3 million baht. The primary purpose of Tesla in Thailand is to sell electric vehicles, or EVs. The company will also install and sell energy storage systems and energy production systems. It appears that Tesla will simply sell cars in Thailand rather than produce or assemble cars in the kingdom. The company’s registered board members include… David Jon Feinstein who holds the position of Global Senior Director – Trade Market Access, who was appointed the director of Tesla India in January 2021. Vaibhav Taneja who holds the position of Chief Accounting Officer and was also a director of Tesla India Motors and Energy Private Ltd in January 2021. Yaron Klein who holds the position of Tesla Asset Manager and is also the Chief Financial Officer of … [Read more...] about Tesla registers as a company in Thailand

Get ready for a golden six-month period for homebuilding stocks. That's according to research conducted by Fundstrat analyst Thomas J. Lee, as cited by MarketWatch . Lee notes that, over the past 20 years, homebuilder stocks have typically bottomed out near the end of October and then risen, on average, 18.3% through the end of April. However, considering that the group has rallied 49% so far this year, does this astute observation hold true? Yes, says Lee. He argues that, in 2012, homebuilders were already up 35% before the golden six-month period started and went on to climb an additional 18%. The Fundstrat analyst added weight to his thesis by pointing out that the seasonality rally had only failed once in the past 10 years – in 2015. He also observed that homebuilders tend to fall by about 4% between May and September. "We are not entirely sure why this strong seasonality exists, but it may have to do with the Spring selling season for housing," Lee said, per the same … [Read more...] about 3 Homebuilding Stocks to Play a Seasonality Rally

EVEN though there was a drop in the number of illegal dumping sites detected in Johor during the height of the Covid-19 pandemic in 2020 and 2021, that does not mean the problem has reduced. Survey figures from Johor Solid Waste Management and Public Cleansing Corporation (SWCorp) showed 103 illegal dumpsites were detected in 2017 and subsequently 82, 179, 109 and 156 in the following years up to 2021. SWCorp director Cairul Hisham Jalaluddin said there was an increase in 2019 because a unit was set up that year to monitor illegal dumpsites, which helped uncover more of them. While the construction boom has benefitted Johor Baru and Iskandar Puteri’s economy, the downside is that both cities also host some of the largest numbers of illegal dumpsites in the state. A total of 186 new illegal dumpsites and 24 repeat sites were identified in Johor Baru over a five-year period, from 2017 to 2021. Malaysia Consumer Justice Association members and personnel from relevant … [Read more...] about Throwing trash and caution to the wind

Sanan Angubolkul, right, chairman of the Thai Chamber of Commerce, met with Prasit Boondoungprasert, chief executive of CPF, at the CPF booth at the expo. SET-listed Charoen Pokphand Foods (CPF) has unveiled five new food trends for the next decade at THAIFEX-ANUGA ASIA 2022, Thailand's top food exhibition. The event is showcasing innovative products at both a physical trade show and virtual trade show until Saturday. Anat Julintron, CPF's executive vice-president of international trade & business development, said that as a food tech company with state-of-the-art R&D facilities, the firm created its "Food for the next decade" scheme with the goal of feeding 10 billion consumers with safe, nutritious and sustainable food by 2050. Mr Anat said the CPF booth at the exhibition is divided into five sections to showcase the future of food trends in the next decade. The first zone is for plant-based meat, a sustainable product marketed as "Meat Zero". The second zone … [Read more...] about CPF showcases innovative trends at new exhibition

Share to Twitter Share to Linkedin DETROIT, MI - FEBRUARY 05: Blake Griffin #23 of the Detroit Pistons defends against CJ McCollum #3 ... [+] of the Portland Trail Blazers during an NBA game at Little Caesars Arena on February 5, 2018 in Detroit, Michigan. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. The Pistons defeat the Trail Blazers 111-91. (Photo by Dave Reginek/Getty Images) Fitch just released its credit rating for NBA debt. Bottom line: an "A-" rating due to the league's good management and strong and growing cash flow. That said, the NBA is more leveraged than the NFL or MLB. Here's the skinny from the ratings agency. Fitch Ratings has assigned an 'A-' rating to Hardwood Funding LLC's approximately $129 million senior notes series GG (Hardwood Funding LLC is an affiliate of the National … [Read more...] about NBA Scores High Credit Rating For $3.7 Billion Of Debt

Representative image Building up behind the scenes for decades, the climate crisis is now clearly upon us. Emission of greenhouse gases continues to increase. As per the State of Global Climate Report (2021) , the last seven years have been the warmest on record. Extreme events such as excessive heatwaves, floods, cyclones, severe storms are increasing, leading to humanitarian crises propelled by population displacement and food insecurity. Several regions around the globe, especially in food-deficient countries in Africa and West Asia, are feeling the brunt of high food prices. The poor in these regions will be highly-vulnerable to food inflation. As if COVID-19 pandemic and lower production of food due to climatic events was not enough, the Russian invasion of Ukraine has taken away almost 28 percent of global supply of wheat, 70 percent of sunflower oil, and 40 percent of potash. As a result, the catastrophic effect of Russia’s war will be felt much after the actual war … [Read more...] about A climate crisis is upon us, and it’s threatening India’s food security

FOR CAPITAL SHIPS | The Philippine Navy on Tuesday formally took over part of a strategic shipyard facing the West Philippine Sea as its newest ship BRP Antonio Luna (FF-151) made a symbolic docking at the former Hanjin Heavy Industries shipyard in Subic Bay, Zambales. (Photo from the Philippine Navy) MANILA, Philippines — The Philippine Navy now has a home for its biggest ships after docking its vessels in commercial shipyards for so long. The Navy on Tuesday formally took over part of a strategic shipyard facing the West Philippine Sea as its newest ship BRP Antonio Luna (FF-151) made a symbolic docking at the former facility of South Korea’s Hanjin Heavy Industries in Subic Bay, Zambales . It will occupy 100 hectares of the northern portion of the 300-hectare shipyard, now called Agila Subic, for a lease of around P1 billion a year. The activation and subsequent operation of a naval operating base Subic is in line with the Navy’s scaled-up maritime operations to support … [Read more...] about Navy makes strategic move to Subic shipyard facing WPS