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Posts Tagged ‘share’

Chief finance officers share information

In Uncategorized on November 25, 2010 at 5:22 pm

Chief finance officers share information

QĐND – Thursday, November 25, 2010, 20:55 (GMT+7)

More than 200 local and foreign chief financial officers (CFOs) gathered in Hanoi on November 24 for a seminar on their role in dealing with fiscal turbulence.

The seminar promoted the sharing of information on corporate finance, integration into the international financial community and harmonizing financial and accounting standards.

Participants also discussed the global accreditation system by the International Association of Financial Executives.

Nguyen Ngoc Bach, director of the CFO Vietnam Club, said the global economy is gaining momentum, but financial downturn is not yet over.

He said the seminar offered an opportunity for CFOs and corporate leaders to develop measures to minimize risks in business operations.

Bach said the implementation of the association’s global accreditation and finance and accounting standards in Vietnam will help standardise financial management systems.

Hiroshi Yaguchi, vice chairman of the association and founder and executive director of the Japan Association for CFOs, told the forum that the world economy is relying on Asia to further grow.

He said the situation remains unstable and unpredictable and a second dip can still be triggered. However, the world economy had fully shifted to Asia.

Le Dang Doanh, former director of the Central Institute for Economic Management (CIEM), said Vietnam’s economy has witnessed a significant recovery during the past two years.

It was agreed that skilled human resources is the key to boosting industry and attracting foreign investment.

Public and private investments remain at high levels. However, the exchange rate has been strongly influenced by Vietnam’s rising inflation, budget deficits, increasing public and foreign debt, an international trade deficit and current account deficit.

To combat this, the Vietnamese Government has set an ambitious target of stabilizing inflation while trying to reach a higher economic growth rate.

Source: VOV

Source: QDND

GM launches record share sale

In Uncategorized on November 18, 2010 at 6:26 am

Republicans grab share of power, in blow to Obama

In Uncategorized on November 3, 2010 at 5:13 am

Viettel holds 42% of Vietnam’s mobile market share

In Uncategorized on October 31, 2010 at 2:12 pm

Vietnamese share sentiments with flood-hit victims

In Uncategorized on October 24, 2010 at 4:04 pm

Vietnamese share sentiments with flood-hit victims

QĐND – Sunday, October 24, 2010, 21:5 (GMT+7)

PANO – Sympathy among people developed during the recent flooding in Vietnam’s Central Provinces.

Handing a package of instant noodles, Thai Thi Huu, a mother with three children affected by Agent Orange (AO)/dioxin, movingly recalled “As the water level was rising, several families in my village helped me take my children to a higher and drier place. They also gave us food during these difficult days”.

Mrs. Thai Thi Huu was among food-hit victims in Hung Chinh commune, Vinh city, Nghe An province. Some have evacuated to safer places, but some are still living on their house roofs with support and sympathy from their neighbors and benefactors.

Currents and undertow of the swift-flowing flood waters are very dangerous, especially for Thai Thi Huu’s three AO children.

Also in Hung Chinh commune, elderly Nguyen Thi Chau, who lives alone, is being looked after by her neighbors. It is the neighbors’ sentiments that made elderly Chau decide not to evacuate. She said “My neighbors are still beside me. I am not afraid of the flooding. I will be here waiting for the ebb of the flooding and tidying up my house”.

According to Mr. Luu Ngoc Tu, a secretary of Hung Chinh commune’s Party Committee, when the flooding was at its peak, the local cadres and youths went to each house to give assistance.

“Several villages in my commune were completely isolated. We have tried our best to give direct aid to villagers”, the secretary said.

In Vinh Tan Ward, Vinh City, the family of Ho Trong Thuy, aged 47, received more than 40 victims during the flooding. Along with the accommodation, they also offered food and care for the elderly and children.

Good deeds from Mr. Thuy and other kind-hearted neighbors in Central Vietnam have proved the solidarity and readiness to grant helping hands of Vietnamese, featuring the noble virtue and long-term tradition of “helping the poor under any circumstances”.

Translated by Mai Huong

Source: QDND

GM files for landmark public share offering

In Uncategorized on August 19, 2010 at 7:23 am

NEW YORK, Aug 18, 2010 (AFP) – US auto giant General Motors on Wednesday took the first step to selling shares to the public, seeking to free itself from government control after pulling back from the abyss of bankruptcy.

Filing for what may be one of world’s largest initial public offerings (IPO) of shares, GM did not disclose the number of stocks that will be offered or the price range.

US President Barack Obama drives a 2011 Chevrolet Volt electric vehicle off the line with Plant Manager Teri Quigley at the General Motors Detroit-Hamtramck Assembly Plant in July. AFP file

But the market expects GM to raise between 12 and 16 billion dollars, with the potential to be the second largest IPO in US history, after the credit card giant Visa, which raised more than 19 billion dollars in March 2008.

The landmark step also bodes well for President Barack Obama as it offers the American public some hard evidence for the success of his economic policies to pull the country out of its worst economic crisis in decades.

Senator Carl Levin of Michigan, a Democrat, called it “another important step in GM’s rebound and in the recovery of the domestic auto industry.

“A successful IPO will be even more evidence that the steps the government took in 2008 and 2009 were good for workers, good for Michigan and good for the nation,” he said.

In the filing Wednesday with the US Securities and Exchange Commission, GM said it planned to apply for listings on the New York Stock Exchange and the Toronto Stock Exchange.

“The amount of securities offered will be determined by market conditions and other factors at the time of the offering,” GM said in a statement.

“The number of shares to be offered and the price range for the offering have not yet been determined,” it added.

The stock sale is expected to take place late this year and the company — which was part of the prestigious Dow Jones Industrial Index from 1925 to 2008 — will retrieve its old trading ticker symbol of GM.

The Treasury Department said separately it “will retain the right, at all times, to decide whether and at what level to participate in the offering.”

The IPO filing came nearly a week after the company announced a 1.3 billion dollar quarterly profit, marking a second consecutive quarter with positive earnings.

Company executives have said for several months they were planning to re-float GM, as the biggest US automaker sought to repay its debt to the government, which bailed it out from bankruptcy during the financial crisis.

An IPO will allow the US Treasury to begin offloading the 61 percent stake it holds in GM after last year’s 50 billion dollar US bailout of the Detroit-based carmaker.

GM said the public share offering would include preferred shares as well as common stock.

But the Treasury pointed out that the offering would not include 2.1 billion dollars in preferred GM shares that it owned, which are in addition to the common shares representing the 61 percent stake.

The bailout led to restructuring, mass layoffs, plant closures and billions of dollars in debt wiped out, but ultimately led GM into stability and profit.

For Obama, the IPO filing fits neatly into a campaign to persuade skeptical voters that massive government spending — however loathsome — kept US firms and the economy alive.

GM chief executive Ed Whitacre, picked by the Obama administration to lead the troubled company through reform, announced last Thursday he was stepping down next month, naming board member Dan Akerson as his successor.

Although the announcement caught experts and some GM officials by surprise, it was seen as yet another sign of the car manufacturer’s desire to shed its old skin and free itself from government control.

Source: SGGP

Vietnam willing to share experiences with Palestine

In Uncategorized on May 25, 2010 at 5:21 pm

Ewen Chia to share his know-how of earning money

In Uncategorized on May 24, 2010 at 5:18 pm

Vietnam to facilitate foreign share listings

In Uncategorized on May 8, 2010 at 4:51 pm

Vietnam to facilitate foreign share listings

QĐND – Saturday, May 08, 2010, 22:28 (GMT+7)

Vietnam plans to facilitate foreign invested firms to list their shares on the country’s stock exchanges, says an official from the State Securities Commission. 

Nguyen Son, head of the commission’s Securities Market Development Department, said the watchdog has submitted to the government a proposal which provides detailed guidelines for foreign invested public businesses to list their shares.

“The proposal, if passed by the government, will remove obstacles for the businesses to join the Vietnamese stock market,” Son told Thanh Nien Weekly.

The new decision is appreciated but its implementation circular should be introduced earlier or plans for listing by foreign invested businesses would be stuck, said Le Ngoc Chi, deputy head of Bao Viet Securities Company’s Corporate Finance department.

Chi said many foreign invested public companies, his firm’s potential clients, were interested in the new decision which opened the door wider for them to join the Vietnamese stock market.

They are keenly awaiting the implementation circular that would allow concerned agencies to license their listings, Chi said.

She said 100 percent – Korean padding, quilting and bedding firm Everpia, which owns the Everon brand, has been waiting for nearly eight months for permission from the Ho Chi Minh Stock Exchange to list on the stock maket.

“We hope the Korean firm will be the first foreign invested businesses to list its entire shares on the stock exchange and it will be a good example for others,” said Chi.

Everpia Vietnam, founded in 1992 as Viko Glowin, plans to list 10.72 million shares with the book value of VND10,000 each with the assistance of Bao Viet Securities Company or BVSC, also a strategic shareholder.

In 2005, Taiwan-based Taya Electric Wire and Cable was the first foreign invested business to list its shares on the HCM Stock Exchange under the government’s pilot scheme for the FDI sector.

Seven foreign invested firms including US-based mobile sensing technology provider Full Power, ceramic producer Chang Yih, Taiwanese Aluminum product manufacturer Tung Kuang and Korean Mirae Asset Financial Group have followed the scheme so far.

Under the pilot program, foreign invested firms were allowed to list shares valued at less than 20 percent of their chartered capital.

“We hope the new circular would allow them to list the rest,” said Chi of BVSC which has helped half the foreign invested businesses that have listed their shares in Vietnam.

Economist Bui Kien Thanh said the government should support the foreign invested firms by allowing them to list all their shares on the nation’s stock exchanges where they are able to seek capital for their investments in Vietnam besides offshore financial sources.

More than 450 businesses listed their shares in Ho Chi Minh and Hanoi stock exchanges as of last year, according to the commission. The share capitalization of the market was VND620 trillion (US$32.7 billion), accounting for 38 percent of the country’s gross domestic product, the commission said.

More than 11,500 foregin invested businesses are currently operating in the country, according to the Foreign Investment Agency.

Source: VietnamNet/Thanh nien


Source: QDND

Junkies and junk-food addicts share craving mechanism

In Uncategorized on March 29, 2010 at 9:54 am

The same molecular pathways that steer people into drug addiction also lie behind the craving to overeat, driving individuals into obesity, a new study suggests.

The research, based on lab animals, bolsters long-standing suspicions that addiction to pleasure stems from overstimulus of a key reward mechanism in the brain, its authors say.

Publishing online in the journal Nature Neuroscience, scientists at the Scripps Research Institute in Florida fed rats high-fat, high-calorie treats — bacon, sausage, cheesecake and so on — and watched the rodents bulk out dramatically.

File photo shows students eating lunch at a high school in Chicago, Illinois

The junk-food rats gobbled down twice as many calories as “control” rodents fed on a more balanced diet.

“When we removed the junk food and tried to put them on a nutritious diet — what we called the ‘salad bar option’ — they simply refused to eat,” said Paul Kenny, an associate professor.

“The change in their diet preference was so great that they basically starved themselves for two weeks after they were cut off from junk food.”

Even when the scientists threatened the rats with an electric shock, the animals continued to overeat, a clear sign of uncontrolled behaviour.

Having shown that obese rats were addicted, the next step was to explore how this happened in the brain.

Kenny and graduate student Paul Johnson focussed on a docking point, or receptor, on the surface of neurons that binds to a “feel-good” brain chemical called dopamine.

Dopamine is released by pleasurable experiences such as sex, food and narcotics.

Previous research found that among cocaine users, the brain becomes flooded with dopamine and overstimulates the so-called dopamine 2 receptors (D2Rs).

The overstimulation causes the body to adapt by decreasing the activity of the D2Rs.

As a result, there is a progressively worsening “reward response,” or uptake of the pleasure-giving chemical in brain cells.

The cocaine user needs more and more frequent stimulation from the drug to avoid entering into a persistent state of negative reward — in other words, he quickly goes on the slippery slope from casual to compulsive drug-taking.

Similar changes in the D2Rs occur in the food-addicted lab rats, the study found.

“These findings confirm what we and many others have suspected, that overconsumption of highly pleasurable food triggers addiction-like, neuroadaptive responses in brain reward circuitries, driving the development of compulsive eating,” says Kenny.

“Common mechanisms may therefore underlie obesity and drug addiction.”

The research has yet to be conducted among humans, but when it was unveiled in its early stages at a conference last October, it prompted nods of agreement from obese people who said they had always argued that bingeing on sweet or fatty foods was an addiction.

Source: SGGP