Rong Viet Securities - Investment Strategy Report November 2017Thomas Farthofer
In this month's report Rong Viet explains why "accumulating stocks in the fourth quarter, especially in November, leads to great possibility for investors to have high profit at the beginning of next year".
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
We investigate whether the onset of a sovereign default is associated with an increase in the probability that incumbent politicians lose office. We construct a novel dataset of finance ministers tenure and turnover for 84 countries between 1980 and 2012. We find robust evidence that sovereign default onsets are associated with statistically and economically significant increases in the probability of finance minister turnover. The evidence regarding chief executive turnover is mixed. Our findings suggest that sovereign defaults may have political consequences, which have important implications for the analysis of default, ex ante borrowing subject to the risk of default, and the design of ex post interventions.
Read more at https://www.hhs.se/site
Rong Viet Securities - Investment Strategy Report November 2017Thomas Farthofer
In this month's report Rong Viet explains why "accumulating stocks in the fourth quarter, especially in November, leads to great possibility for investors to have high profit at the beginning of next year".
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
We investigate whether the onset of a sovereign default is associated with an increase in the probability that incumbent politicians lose office. We construct a novel dataset of finance ministers tenure and turnover for 84 countries between 1980 and 2012. We find robust evidence that sovereign default onsets are associated with statistically and economically significant increases in the probability of finance minister turnover. The evidence regarding chief executive turnover is mixed. Our findings suggest that sovereign defaults may have political consequences, which have important implications for the analysis of default, ex ante borrowing subject to the risk of default, and the design of ex post interventions.
Read more at https://www.hhs.se/site
Does High Public Debt Consistently Stifle Economic Growth? A Critique a Reinh...Marco Garoffolo
Proprio in questi giorni abbiamo avuto una prova, decisiva, dell'utilità della non-cooperazione con la ragion di Stato. Ne ha riferito Paul Krugman, in un articolo che dichiara defunta, almeno nelle accademie, l'Austerità (Repubblica, 27 aprile). È un dogma cui l'Europa è appesa da anni: se non cresciamo economicamente, è solo perché gli Stati sono troppo indebitati. A sfatare l'assioma: tre economisti non ortodossi dell'università di Massachusetts-Amherst (i professori Michael Ash e Robert Pollin, lo studente di dottorato Thomas Herndon) che hanno scoperto errori di computer (l'errore Excel) commessi nel 2010 dai due economisti di Harvard, Kenneth Rogoff e Carmen Reinhart. Il dogma ("i Paesi che si indebitano oltre il 90 per cento del Pil non possono crescere") è in pezzi. http://www.peri.umass.edu/fileadmin/pdf/working_papers/working_papers_301-350/WP322.pdf
Toronto Real Estate Board released this Outlook Report 2017. Interesting facts and analysis of what the year ahead will hold. What is impacting housing affordability and beyond.
Factors Influencing Exchange Rate: An Empirical Evidence from BangladeshMd. Shohel Rana
Factors Influencing Exchange Rate: An Empirical Evidence
from Bangladesh
By Md. Shohel Rana, Tanvir Hasan Anik & Md. Nurul Kabir Biplob
Begum Rokeya University
Global Journal of Management and Business Research: C
Finance
Volume 19 Issue 6 Version 1.0 Year 2019
Type: Double Blind Peer Reviewed International Research Journal
Publisher: Global Journals
Online ISSN: 2249-4588 & Print ISSN: 0975-5853
Paradox of acute uncertainty and strong consensus viewsOlivier Desbarres
There appears to be a quasi-universal belief that 2017 will be characterised by acute uncertainty, with the list of difficult-to-predict economic and political variables growing exponentially in recent months.
These include the paths which Donald Trump will tread in the US and Theresa May in the UK, the Fed’s reaction function, the future of the eurozone and EU with European elections looming, the perennial question of China’s exchange rate policy and outlook for oil prices.
And yet, there is already it would seem a set of strong consensus views about the direction which economic variables and financial markets will follow in 2017.
US reflationary policies are expected to rule, boosting already decent US economic growth, inflation and US equities, in turn forcing the Fed to adopt a far more hawkish stance than in 2015-2016 and pushing US yields and dollar higher.
At the same time, President-elect Trump’s penchant for protectionism, alongside a strong dollar and higher US yields, are seen as major headwinds for indebted emerging economies reliant on trade and by implication for emerging currencies, bonds and equities. These seemingly include the Mexican Peso and Chinese Renminbi.
Moreover, the consensus forecast is that at the very least EUR/USD will fall below parity, having got close in December.
The perception of acute uncertainty is not totally incompatible with seemingly well-anchored forecasts but they do make uncomfortable bed-fellows.
Some of the uncertainties which have gained prominence can be put to rest, for now at least. At the same time, some of the sure-fire trades currently advocated may struggle to stand the test of time, in my view.
Marine Le Pen is very unlikely to become the next French President, the Italian banking sector will not be allowed to implode and the euro may end the year on a strong note.
Emerging market currencies have showed greater poise in the past few weeks, with a number of central banks showing both the appetite and the room to support their currencies. This should be borne in mind.
Monetary approach to balance of payment establishes a link between foreign reserve assets and money supply. This
link is important for managing balance of payment disequilibrium through adjustment of monetary aggregates. This
study relies on the (Polak, 1957;1997) monetary model with data from 2007:Q1 to 2018:Q4 to examine the link
between monetary factors and balance of payment in Nigeria. To circumvent simultaneity, the reduced form
coefficients of the structural form of the Polak model are estimated using Two Stage Least Squares (TSLS)
technique, while the structural parameters are recovered from the estimated reduced form coefficients. The results
are enriching and robust. The Johansen cointegration procedure suggests a long run relationship among the
macroeconomic variables in the balance of payment function. The estimated balance of payment model reveals that
domestic credit is statistically significant and negatively related to foreign reserve assets, imp lying that balance of
payment is a monetary phenomenon in Nigeria. The velocity of money circulation and the marginal propensity to
import are approximately 120 per cent and 14 per cent, respectively. The study therefore recommends that the
monetary authority should consider the use of domestic credit for management of balance of payment
disequilibrium. It is also pertinent to increase domestic credit to grow the economy since such action will marginally
decrease external reserve assets through increase in import, however, the net effect will enhance the overall
economy.
Toronto Real Estate Board's MARKET YEAR IN REVIEW AND OUTLOOK REPORT 2017Shawn Venasse
Affordable home ownership is a growing concern and remains a priority issue for The Toronto Real Estate Board. Housing prices continue to rise across all home types in the GTA as the supply of listings remains constrained.
On January 31, TREB released its annual Market Year in Review & Outlook Report which shines the spotlight on “Connecting to Affordability.” This year’s report breaks down the question of housing affordability, distilling complex information about the GTA housing market, as well as the policies and economic issues that impact the wider Greater Golden Horseshoe region, into digestible language.
The report contains several key sections, all informed by empirical evidence:
* Market Year in Review: The Market in 2016
o Features results of TREB-commissioned Ipsos studies on consumer preferences and foreign buyer activity.
* Market Outlook: Looking to 2017
o Features results of TREB-commissioned Ipsos study on consumer intentions.
* Transit Infrastructure & Housing Affordability
o Features results of a TREB-commissioned study on transit infrastructure’s impact on housing affordability.
* Commercial Report
* Housing Affordability: Understanding Supply
o Features submissions on how the supply side impacts housing affordability from a range of industry and public sector stakeholders.
Whether you’re interested in a quick snapshot of the market or obtaining a greater understanding of some of the policy issues that impact housing affordability, along with possible solutions, this report has it.
Do you have questions about the GTA real estate market? Talk to SHAWN VENASSE* (Sales Representative with The Elli Davis Team at Royal LePage Real Estate Services Ltd., Brokerage). You can reach him at: office - 416-921-1112 or email - shawn@ellidavis.com.
*Not intended to solicit anyone under contract.
FAK Developments Suggest Further Value From Long-Term ContractsXeneta
With the annual 2018 TPM conference in Long Beach having been and gone, Xeneta looks back at rate developments on the Far East - USWC trade and anticipates what it could mean for the coming months.
Does High Public Debt Consistently Stifle Economic Growth? A Critique a Reinh...Marco Garoffolo
Proprio in questi giorni abbiamo avuto una prova, decisiva, dell'utilità della non-cooperazione con la ragion di Stato. Ne ha riferito Paul Krugman, in un articolo che dichiara defunta, almeno nelle accademie, l'Austerità (Repubblica, 27 aprile). È un dogma cui l'Europa è appesa da anni: se non cresciamo economicamente, è solo perché gli Stati sono troppo indebitati. A sfatare l'assioma: tre economisti non ortodossi dell'università di Massachusetts-Amherst (i professori Michael Ash e Robert Pollin, lo studente di dottorato Thomas Herndon) che hanno scoperto errori di computer (l'errore Excel) commessi nel 2010 dai due economisti di Harvard, Kenneth Rogoff e Carmen Reinhart. Il dogma ("i Paesi che si indebitano oltre il 90 per cento del Pil non possono crescere") è in pezzi. http://www.peri.umass.edu/fileadmin/pdf/working_papers/working_papers_301-350/WP322.pdf
Toronto Real Estate Board released this Outlook Report 2017. Interesting facts and analysis of what the year ahead will hold. What is impacting housing affordability and beyond.
Factors Influencing Exchange Rate: An Empirical Evidence from BangladeshMd. Shohel Rana
Factors Influencing Exchange Rate: An Empirical Evidence
from Bangladesh
By Md. Shohel Rana, Tanvir Hasan Anik & Md. Nurul Kabir Biplob
Begum Rokeya University
Global Journal of Management and Business Research: C
Finance
Volume 19 Issue 6 Version 1.0 Year 2019
Type: Double Blind Peer Reviewed International Research Journal
Publisher: Global Journals
Online ISSN: 2249-4588 & Print ISSN: 0975-5853
Paradox of acute uncertainty and strong consensus viewsOlivier Desbarres
There appears to be a quasi-universal belief that 2017 will be characterised by acute uncertainty, with the list of difficult-to-predict economic and political variables growing exponentially in recent months.
These include the paths which Donald Trump will tread in the US and Theresa May in the UK, the Fed’s reaction function, the future of the eurozone and EU with European elections looming, the perennial question of China’s exchange rate policy and outlook for oil prices.
And yet, there is already it would seem a set of strong consensus views about the direction which economic variables and financial markets will follow in 2017.
US reflationary policies are expected to rule, boosting already decent US economic growth, inflation and US equities, in turn forcing the Fed to adopt a far more hawkish stance than in 2015-2016 and pushing US yields and dollar higher.
At the same time, President-elect Trump’s penchant for protectionism, alongside a strong dollar and higher US yields, are seen as major headwinds for indebted emerging economies reliant on trade and by implication for emerging currencies, bonds and equities. These seemingly include the Mexican Peso and Chinese Renminbi.
Moreover, the consensus forecast is that at the very least EUR/USD will fall below parity, having got close in December.
The perception of acute uncertainty is not totally incompatible with seemingly well-anchored forecasts but they do make uncomfortable bed-fellows.
Some of the uncertainties which have gained prominence can be put to rest, for now at least. At the same time, some of the sure-fire trades currently advocated may struggle to stand the test of time, in my view.
Marine Le Pen is very unlikely to become the next French President, the Italian banking sector will not be allowed to implode and the euro may end the year on a strong note.
Emerging market currencies have showed greater poise in the past few weeks, with a number of central banks showing both the appetite and the room to support their currencies. This should be borne in mind.
Monetary approach to balance of payment establishes a link between foreign reserve assets and money supply. This
link is important for managing balance of payment disequilibrium through adjustment of monetary aggregates. This
study relies on the (Polak, 1957;1997) monetary model with data from 2007:Q1 to 2018:Q4 to examine the link
between monetary factors and balance of payment in Nigeria. To circumvent simultaneity, the reduced form
coefficients of the structural form of the Polak model are estimated using Two Stage Least Squares (TSLS)
technique, while the structural parameters are recovered from the estimated reduced form coefficients. The results
are enriching and robust. The Johansen cointegration procedure suggests a long run relationship among the
macroeconomic variables in the balance of payment function. The estimated balance of payment model reveals that
domestic credit is statistically significant and negatively related to foreign reserve assets, imp lying that balance of
payment is a monetary phenomenon in Nigeria. The velocity of money circulation and the marginal propensity to
import are approximately 120 per cent and 14 per cent, respectively. The study therefore recommends that the
monetary authority should consider the use of domestic credit for management of balance of payment
disequilibrium. It is also pertinent to increase domestic credit to grow the economy since such action will marginally
decrease external reserve assets through increase in import, however, the net effect will enhance the overall
economy.
Toronto Real Estate Board's MARKET YEAR IN REVIEW AND OUTLOOK REPORT 2017Shawn Venasse
Affordable home ownership is a growing concern and remains a priority issue for The Toronto Real Estate Board. Housing prices continue to rise across all home types in the GTA as the supply of listings remains constrained.
On January 31, TREB released its annual Market Year in Review & Outlook Report which shines the spotlight on “Connecting to Affordability.” This year’s report breaks down the question of housing affordability, distilling complex information about the GTA housing market, as well as the policies and economic issues that impact the wider Greater Golden Horseshoe region, into digestible language.
The report contains several key sections, all informed by empirical evidence:
* Market Year in Review: The Market in 2016
o Features results of TREB-commissioned Ipsos studies on consumer preferences and foreign buyer activity.
* Market Outlook: Looking to 2017
o Features results of TREB-commissioned Ipsos study on consumer intentions.
* Transit Infrastructure & Housing Affordability
o Features results of a TREB-commissioned study on transit infrastructure’s impact on housing affordability.
* Commercial Report
* Housing Affordability: Understanding Supply
o Features submissions on how the supply side impacts housing affordability from a range of industry and public sector stakeholders.
Whether you’re interested in a quick snapshot of the market or obtaining a greater understanding of some of the policy issues that impact housing affordability, along with possible solutions, this report has it.
Do you have questions about the GTA real estate market? Talk to SHAWN VENASSE* (Sales Representative with The Elli Davis Team at Royal LePage Real Estate Services Ltd., Brokerage). You can reach him at: office - 416-921-1112 or email - shawn@ellidavis.com.
*Not intended to solicit anyone under contract.
FAK Developments Suggest Further Value From Long-Term ContractsXeneta
With the annual 2018 TPM conference in Long Beach having been and gone, Xeneta looks back at rate developments on the Far East - USWC trade and anticipates what it could mean for the coming months.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2017 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Rong Viet Securities - Investment Strategy Report April 2017Thomas Farthofer
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
Higher Container Rates and Tight Capacity Leading into Chinese New YearXeneta
Chinese New Year, starting this year on January 28th, is a time in which most of Asia’s manufacturing facilities close for one to three weeks. Ahead of this period, however, businesses rush to import goods from Asia often in the midst of higher rates and tight capacity. In this week’s survey, we asked our community if they are experiencing higher rates and tight capacity leading up to the Chinese New Year.
With the positive momentum of the first half, 2017 is poised to surpass 2016 global IPO levels by both number and proceeds.
The US NASDAQ and NYSE saw 80 IPOs during the first half of 2017 (an 82% increase compared to the same period in prior year), with $22.0b proceeds and median IPO deal size of $127.6M. Some key trends by sector for Q2 2017 in the Americas were: (1) Health care 14 IPOs/$1.0b proceeds, (2) Technology 10 IPOs/$1.3b proceeds, Industrials 8 IPOs/$2.5b proceeds, Real Estate 6 IPOs/$1.2b proceeds and Financials 5 IPOs/$575m proceeds.
Asia-Pacific’s position as the leading center of IPO activity will remain unchallenged through the remainder of 2017. Greater China was the world’s standout market in the first half of 2017 and this lead is expected to continue in the second half of 2017. Overall, the Greater China market saw 317 IPOs during the first half of 2017 (a 217% increase compared to the same period in prior year), with $25.4b proceeds. In Q2 2017, the Hong Kong Main Market saw 13 IPOs with $5.1b proceeds, while the Shanghai and Shenzhen Markets saw 115 IPOs with $8.1b proceeds. Some key trends by sector for Q2 2017 in the Greater China Market were: (1) Industrials 25 IPOs/$1.4b proceeds, (2) Technology 24 IPOs/$1.4b proceeds, (3) Consumer products 16 IPOs/$754m proceeds, (4) Financials 3 IPOs/$3.5b proceeds and (5) Energy 2 IPOs/$606m proceeds.
Thailand Blockchain Community InitiativeRein Mahatma
“Thai Economy: The Current State and the Way Forward”
Keynote Address by Dr. Veerathai Santiprabhob
Governor of the Ban of Thailand
Nomura Investment Forum Asia 2018
5 June 2018 / Singapore
Similar to How Chinese New Year 2018 Affected Container Rates (Historical Comparison) (20)
4 Tips on How to Overcome Challenges Related to Procurement of Ocean Shipping...Xeneta
Procurement of ocean shipping services is the activity of sourcing and procuring not only the best ocean freight rates, but also the best shipping services from among the various carriers available in the market in line with the requirement of yours and your customers’ businesses.
Play Nice: What is the Cost of Poor Supplier Relationships?Xeneta
Good supplier relationships are without a doubt vital if a business wants to control costs and have a healthy supply chain. As far as shipping and freight are concerned, BCOs (Beneficial Cargo Owners) are the customers who directly or indirectly, have to work, collaborate and manage business relationships with several suppliers.
Will I Leave Money on the Table with 12-month Fixed Rates?Xeneta
This is part 2 of the Xeneta 11-part FAQ series focusing on key questions related to freight rate benchmarking and procurement. The series provides answers to the most frequently asked questions revolving around the complex world of ocean freight rate benchmarking and procurement. It provides you some tips and tricks to make the process a little less painful.
When is the Best Time to Negotiate Ocean Freight Rates?Xeneta
We are happy to announce the Xeneta 11-part FAQ series focusing on key questions related to freight rate benchmarking and procurement. The series provides answers to the most frequently asked questions revolving around the complex world of ocean freight rate benchmarking and procurement. It provides you some tips and tricks to make the process a little less painful. We'll release one FAQ per week, so please follow our blog to stay updated.
With ocean freight rates at all-time low. perhaps you believe you’re getting great rates and there’s no need to worry. In today’s business environment, companies are continuously looking for ways to reduce logistics costs but in order to identify potential cost savings, companies need to do their homework and utilize analytical tools to ensure they’re securing the most favorable freight rates. While businesses may actually think that they have optimized rates by only focusing on door to door rates, they often fail to realize that they may be missing out on other opportunities.
The Power of Data: Understanding Supply Chain AnalyticsXeneta
This is why supply chain analytics matters: Every day, every hour and every minute, countless packages and shipments are being moved around the world within never-ending flows of supply chains. These supply chains serve as the backbone of the world economy and, in truth, are what keeps the world moving. But consider for a moment the amount of data, information, and decisions that are required to make a supply chain not only operate but to do so effectively. While the end goal is to get the package from A to B as quickly and efficiently as possible, there’s a lot more going on behind the scenes that make it all work.
Will Low Sulfur Shipping Fuel Costs Increase Shipping Rates?Xeneta
One of the most important events in the world shipping industry was the International Maritime Organization's October 27th, 2016 announcement formally adopting rules to cut the amount of sulfur allowed in bunker fuel. S&P Global Platts reported in September 2017 that Ultra low sulfur bunker fuel in Rotterdam, for example, hit the highest assessed level since the S&P Global Platts assessment began in September 2015. It also reported that bunker fuel availability at Rotterdam had been steady although demand is on the low level as the market hopes that prices will decline.
The maritime world was a constant lead in the news during the past few weeks; we followed the Houston-Galveston port closings, record rains, and tales of communal heroism during Hurricane Harvey, and then we switched to Hurricane Irma’s horrific winds that caused such massive destruction in the Caribbean, and Florida, with the Georgia, Florida, and Carolina ports now beginning to reopen. Let's not forget the current storm, Maria, who has so far left Puerto Rico 100% without electricity. And then, there is, Jose, threatening the US east coast.
For those following box carrier rates and vessel scheduling, this might not be the most joyous of holiday times for everyone. The difference between US and EU economic growth is reflected in the container rates from Asia to each market.
Why Digitalization is Raising the Bar for Transportation ProcurementXeneta
When it comes to determining the most effective of procurement companies, the crucial factor comes down to technology. While technology has always played an important role, it will be the digital transformation in procurement that separates the wheat from the chaff when it comes to world class performance and world class operations.
The Process Of Benchmarking Supply Chain & Ocean Freight RatesXeneta
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The Reach of Intelligent Freight TechnologiesXeneta
The term “Big Data” is one of those BS bingo words everyone is touting in the freight world, even I have written a lot about it in the past. All in all, it is about applying technology or modernizing the way business is done in the industry with the use of technological advances.
ENS is an acronym for ENtry Summary Declaration.
ENS is required by EU customs to do a security assessment of all cargo entering EU ports
Carriers can use their discretion as to the quantum of the ENS charge
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The global shipping environment is rapidly changing, which means that shippers have to stay a step ahead to keep pace. Given that new changes are occurring daily, whether it be an unforeseen obstacle, delay, or changes in the roster, it falls to the shippers to make sure they make their supply chain as agile and flexible as possible.
Fixing the Ocean Freight Market Overcapacity Issue – Is it Done Yet?Xeneta
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Globalization Picks Up Pace as Shipping and Logistics Market RecoversXeneta
We look back at a much different ocean freight market versus in 2016. Higher rates, consolidations, and new alliances are the trend while faster, more efficient and digitization are the keywords for global supply chains.
Whether you are an existing importer, exporter, trader or a novice in the shipping and trading business, you need to know the secret to understanding sea freight rates before you enter into the business.
How Can Smaller Carriers Compete Against Shipping Alliances?Xeneta
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Improving profitability for small businessBen Wann
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Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
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Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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4. Are You Paying The
Right Container Freight
Rates?
Discover Savings
Potential In Real
Time.
Contact Us.
5. In the run up to Chinese New Year,
rates on the key Far East – North
Europe trade managed to maintain
their upwards momentum. The
market average recorded on the
Xeneta platform rose from $1,487 FEU
on 1st Dec-17 to $1,726 FEU on 16th
Feb-18, representing an increase of
16.1%.
6. Rate growth may have been even higher if carriers were more
successful in fully implementing their desired minimum FAK rate
on the route of around $1,900-$2,000 FEU, effective 1st Feb.
By comparison, the market average on the Xeneta platform was
reported at $1,732 FEU on 1st Feb, while the market low was
reported at $1,374FEU.
7. The increase isn’t too
dissimilar to what the
market reported in
2017, as shippers rush
to fulfil shipments
prior to factory
shutdowns in China.
8. Between 1st Dec-16 and
28th Jan-17 carriers were
able to increase rates on
the same key trade lane by
some 12.1%.
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11. Even though carriers
have historically been
able to increase rates in
the build up to Chinese
New Year, they are very
rarely maintained. For
example, in 2017 carriers
were unable to maintain
the positive rate
environment once New
Year celebrations had
come to an end.
Between 28th Jan-17
and 28th Feb-17, rates
declined from $2,018
FEU to $1,731, a fall of
14.2%.
12. In 2016 a similar trend
was also reported, as
carriers lost even more
ground post Chinese
New Year. Between 8th
Feb-16 and 8th
March-16, rates slid from
$887 FEU to $553 FEU,
representing a decline of
39.9%. However, declines
in rates post Chinese
New Year in 2016 were
reflective of a more
volatile rate environment,
which has since
stabilised somewhat.
13. Taking the monthly average rate on the
Far East – North Europe trade, volatility
has declined from an average
month-on-month change of 28.4% in
2016 to 5.8% in 2017, which will be seen
as a positive from a carrier cash flow
perspective.
15. Although market fundamentals will play the predominant role in
determining how rates develop, this reduction in monthly rate
volatility could suggest rates are less likely to immediately
rebound following any declines.
Meanwhile, prudent shippers looking to finalise their RFQ bids will,
along with analysing market fundamentals, wish to glean an
advantage by investigating how rates have performed in the past
few years, post Chinese New Year.
Those seeking long term contracts will then have the information
needed to best understand how rates may develop and what
impact it could have for longer term contracts.
16. For example, early indications show rates have followed
the trend seen in previous years, albeit at a slightly reduced
pace compared to 2017.
17. • ENS is an acronym for ENtry Summary
Declaration.
• ENS is required by EU customs to do a
security assessment of all cargo entering
EU ports
• Carriers can use their discretion as to the
quantum of the ENS charge
Since Chinese New Year on 16th
Feb-18, the market average FAK
rate has fallen from $1,726 FEU to
$1,606 FEU as of 6th Mar-18, a fall
of 7.0%. Over the equivalent post
Chinese New Year period of 2017,
rates declined from $2,018 FEU on
28th Jan-17 to $1,714 on the 15th
Feb-17, representing a decline of
13.0%.