Investing

NNPC, Oil Firms’ Feud Hampers Investment

The ongoing disputes between the Nigerian National Petroleum Corporation and international oil companies over Production Sharing Contracts (PSCs) is hampering further investment, even as funding challenges have led to a significant decline in joint venture oil and gas production.Under the PSCs, the NNPC holds the concessions, and the contractors (mostly the IOCs) fund development of the deepwater offshore blocks and recover their costs from the production after royalty payments.Faced with declining oil revenue, Nigeria announced…

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ALI investing P2.7B in dorm towers

Property giant Ayala Land Inc. expects to invest P2.7 billion in developing a chain of dormitory towers for young professionals under the brand “The Flats,” the first of which will open in September in Amorsolo, Makati. ALI group head for strategic landbank management Anna Ma. Margarita Dy said The Flats would open one new project in a new site each year through 2021. The P2.7-billion investment will cover 5,120 beds in 1,281 rooms in the pipeline in four sites in…

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Saudi Arabia emerges as possible significant investor in Tesla

Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans. The Public Investment Fund, which has built up a stake just shy of 5 per cent in Tesla in recent months, is exploring how it can be involved in the potential deal, the person said on condition of…

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Saudi fund said to be in talks to invest in Tesla buyout deal

The Public Investment Fund, which has built up a stake just shy of 5% in Tesla in recent months, is exploring how it can be involved in the potential deal, said the people, who asked not to be identified talking about the matter. Discussions began before the controversial Aug. 7 tweet by Musk, who is Tesla’s co-founder and chief executive officer, saying he was weighing a plan to take the company private. Source link

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Saudi Arabia Explores Investment in Tesla’s Take-Private Deal – Reports

This comes shortly after the country’s sovereign wealth fund purchased a minority stake in the electric car company. Earlier this week, Tesla’s founder, Elon Musk, proposed a $72 billion deal to privatize the company, raising allegations that his move was in fact meant to manipulate prices on the stock market. Saudi Arabia’s state-run Public Investment Fund (PIF) is exploring ways to get involved in a potential $72 billion deal to take Tesla private, Bloomberg reports, citing a source familiar with the matter. The Saudi…

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US can’t force trade rules on others, Germany must invest more in Iran – economy minister

Washington cannot dictate trade rules to others, Germany’s economy minister said, adding that his country should be more assertive and defy American sanctions – particularly by investing more in Iran. “We don’t let Washington dictate [their will] on trade relations with other countries,” German Economy Minister Peter Altmaier told Bild newspaper on Saturday. He said the US sanctions on Iran are one instance in which America’s neglect of its partners are clearly shown. Therefore, Germany and other European countries should…

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Investors Finally Cut Chipotle Mexican Grill Some Slack — The Motley Fool

It’s been about two weeks since hundreds of cases of a possible foodborne illness outbreak were reported at an Ohio Chipotle Mexican Grill (NYSE:CMG) restaurant. In a surprise twist, the stock market collectively shrugged, almost as if investors are no longer fazed by such developments. But since Chipotle dramatically altered its food-handling and food-processing procedures after a spate of outbreaks two years ago, the market may also realize that this is not the same fast-casual restaurant chain it once was.…

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From high school dropout to tourism investor

At 20 years when Stephen Bukoma Wanambwa was dreaming of getting a university degree, his excitement knew no bounds.A studious child from a poor background, Bukoma waited patiently to reach his destiny. With months to the final A-level exams, his mother, who was paying school fees, was happy and proud of his son, while on the other hand she was worried about how she could provide him a good education with her limited means.At the time she was bedridden with…

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Smart Axiata invests in online food ordering platform Nham24

Smart Axiata Digital Innovation Fund (SADIF) has acquired a minority stake in Cambodian online food ordering service provider Nham24. Nham24 thus becomes the third company to be added into SADIF’s investee portfolio of local-based digital businesses. SADIF’s capital injection into Nham24 is expected to assist the company’s business footprint expansion through increased partnerships and internal platform development. Established in 2016, Nham24 currently operates in Phnom Penh and Siem Reap, and collaborates with over 550 restaurants in Cambodia. Nham24 plans to…

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PLDT to sell majority stake in Voyager unit to foreign investor group

Philippines operator PLDT has signed a non-binding term sheet in relation to a potential group of foreign investors who are interested in taking an equity stake of more than 35 percent in Voyager Innovations with significant board and management participation. The transaction is scheduled for completion within the next four weeks. PLDT seeks to dilute its stake in Voyager to below 50 percent. The transaction is expected to cross PHP 1 billion in value, PLDT also said.  PLDT expects the…

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President Donald Trump’s Weekly Address Discusses Investment In American Jobs |

<!– –> 45th President of the United States ABOVE VIDEO: President Trump discusses his administrations commitment to American workers and investing in jobs of today and careers of tomorrow. CLICK HERE FOR BREVARD COUNTY NEWS Click here to contribute your news or announcements Free (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.4&appId=192365890814084”; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’));(function() { var _fbq = window._fbq || (window._fbq = []); if…

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Elon Musk taunts investors who short-sold Tesla stocks, despite pending shareholder lawsuit – National

Tesla founder and CEO Elon Musk used Twitter late Friday to taunt investors who have bet against his company, even though his previous Twitter comments have spurred a government investigation and shareholder lawsuits. The tweets are aimed at “shorts,” or investors who borrowed shares of Tesla and immediately sold them with the hope that Tesla’s share price would fall. That would allow the shorts to buy back the stock at a lower price, return the shares to the lender, and…

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Fiji To Strengthen Trade And Investment Ties With Bougainville

Navitalai Tuivuniwai. The Fiji trade commissioner to Papua New Guinea, Navitalai Tuivuniwai will visit the autonomous region of Bougainville next week in a bid to strengthen trade and investment relations between the province and the people of Bougainville and Fiji. The visit between August 13–17 will include meetings with key stakeholders including the provincial leaders, the business community and the local and district level representatives. The Fiji Trade Commission will also conduct trade and investment awareness sessions in Buka…

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Bank Muscat hosts ‘Little Investor’ training – Oman

Muscat –  Bank Muscat, the flagship financial services provider in the sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to promoting sustainable development, hosted staff children for a financial literacy workshop at the head office. Aimed at nurturing a healthy savings habit and building financial awareness among children, the initiative came as part of the bank’s successful Little Investor programme. Targetting school students, the ‘Little Investor’ financial literacy programme was launched early this year by Meethaq,…

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