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Waltons Entrepreneurial Director Announces Share Sale 2024-04-25 14:26:06
Walton Hi-Tech Industries Plc, a company listed in the engineering sector in the capital market, has announced the sale of shares by the entrepreneurial director SM Ashraful Alam. This entrepreneurial director will sell 10,000 shares of the company.
On Wednesday (March 24), Dhaka and Chittagong Stock Exchange (DSE-CSE) informed this information.
Entrepreneur Director SM Ashraful Alam has 6 crore 56 lakh 88 thousand 88 shares of Walton Hitech Industries. Out of this, he has expressed interest in selling 10,000 shares of the company.
This entrepreneur can sell the specified amount of shares in the public and block market of Dhaka Stock Exchange (DSE) within the next 30 working days.
Walton Hi-Tech Industries plc was listed in the capital market in 2020. Presently placed in ‘A’ category. As of March 31 this year, the total shareholding of Walton Hi-Tech Industries is 98.90 per cent held by entrepreneurial directors, 0.44 per cent by institutional investors, 0.10 per cent by foreign investors and 0.56 per cent by general investors. .
Analyzing The Growth: Economy Surges By 1.6%
Economic Growth Report: Key Insights
The latest economic data has revealed some interesting trends that are worth noting. Economists had anticipated a 2.4% increase in GDP, following a 3.4% gain in the previous quarter and 4.9% in the period before that.
Consumer spending saw a 2.5% rise, slightly lower than the 3.3% increase in the previous quarter. The positive performance of fixed investment and government spending at the state and local levels contributed to keeping the GDP growth positive. However, a decrease in private inventory investment and an uptick in imports had a negative impact.
Inflation Concerns
On the inflation front, there were some worrisome developments. The personal consumption expenditures price index, a crucial inflation metric for the Federal Reserve, surged by 3.4% in the quarter, marking its largest increase in a year. Excluding food and energy, core PCE prices rose by 3.7%, well above the Fed’s target of 2%. Central bank officials tend to focus on core inflation for long-term trend analysis.
The price index for GDP, also known as the “chain-weighted” price index, rose by 3.1%, slightly higher than the expected 3% increase.
Market Reaction and Monetary Policy
Following the release of the economic report,
From Today The Festive Hours 2024-04-25 15:48:34
THE Commercial Association of Athens announced the proposed opening hours of the commercial stores in Athens that will be valid for the Easter holiday period and on this occasion the president of the association Stavros Kafounis said:
“After her documented evidence ELSTAT for the Athens Chamber of Commerce index which registers a 3% decline in the fourth quarter of 2023 for small shops operating with haplographic books and after three difficult months at the beginning of 2024, I wish and hope that this festive season marks the beginning of increase in purchasing traffic.
An increase that we expect and hope will be achieved not only in the areas that record a lot of tourist traffic, but also in the neighborhood markets which must be supported by the local community. The shops of the center and regional markets of Athens are waiting for consumers to do their Easter shopping, with full shelves and attractive prices. Happy Resurrection and Happy Easter to the whole world.”
Holiday hours: What hours will the shops be open?
The hours proposed by the club are: continuous from 9 am to 9 pm from Thursday April 25 and Sunday April 28 the association’s shops are proposed to operate from 11 am to 4 pm.
Tozzi Green Repairs Damage Caused By Installation Work
The CEO of Tozzi Green, Davide Giachero (left), during a meeting with the beneficiaries of the compensation measure.
The Tozzi Green company is taking steps to compensate and repair direct and indirect damage caused by the construction of the Farahatsana hydroelectric power station (HPP) and its facilities. The results of the rehabilitation work carried out were presented yesterday to Mahitsy. The HPP Farahatsana power plant supplies the Antananarivo Interconnected Network via a 38 kilometer high voltage line to the Anosizato electrical substation. It draws from the Ikopa River and has a total capacity of 136 GWh. During the installation and production phases, homes and domestic infrastructure were damaged, among other things, by the frequent passage of machinery.
A prior community consultation meeting took place last year, between the president and CEO of Tozzi Green Madagascar, Davide Giachero, the authorities of the Ambohimasina Mahitsy commune and surrounding areas, and residents, following which he It was decided that the company would take charge of the rehabilitation of damaged houses and infrastructure.
The rehabilitation works consist of creating a reinforced concrete framework to stabilize the buildings, repair cracks and improve the aesthetic appearance according to the principles of the resettlement policy.
The Railway Is No Longer A Dream 2024-04-25…
The new railway infrastructure developed over 200 km from Dar-es-Salaam to Morogoro built as part of the Tanzania-Burundi-DRC railway construction (SGR) project was visited during mid-April 2024. Central Corridor Transit Transport Facilitation Agency (CCTTFA) organized this joint multi-partner visit to touch and use the infrastructure already in place
Me Flory Okandju, Executive Secretary of the Central Corridor Transit Transport Facilitation Agency (CCTTFA): “We took the train, used the new locomotives and traveled from Dar-es-Salaam to Morogoro over 200 km to show the partners and members of STACON, the development of projects along the Central Corridor”.
“When we talk about building a railway between Tanzania, Burundi and the Democratic Republic of Congo (DRC), later between Tanzania, Rwanda and the DRC, people think we are dreaming. If you don’t dream, you’re not going to achieve anything. The main thing is to dream and mobilize resources to accomplish dreams,” points out Me Flory Okandju, Executive Secretary of the Central Corridor Transit Transport Facilitation Agency (CCTTFA).
Some financial partners, members of the Central Corridor, public and private sector agents wait to speak or link to publications in the media and social networks of the standard gauge railway project linking Tanzania,
Confusion Surrounding Holiday Pay: Why Some Get More…
#Confusion #surrounding #holiday #pay
Dik van Leeuwerden, expert in the field of legislation and regulations at payroll processor ADP, points out an important point: tax rates. “There is a tax credit on that tax, which depends on your personal situation,” he explains. “Put simply, you pay more tax on your holiday pay than on your normal salary.” This can lead to an unexpected drop in the amount paid out, especially for those above a certain income level.
‘Not everyone is worse off’
Take, for example, someone who earns three times the average income, about 10,185 euros per month gross. With the extra holiday pay, this can significantly increase the annual income and lead to a tax refund. Van Leeuwerden illustrates this with an example: “Suppose you earn 3,000 euros average gross per month. The system then thinks that you will earn 36,000 euros. With extra holiday pay you will end up higher and in trouble, because then you have suddenly earned too much and must pay you back.”
But not everyone is worse off. Van Leeuwerden indicates that people who earn below average will probably receive more holiday pay this year.
The Weight Of The Tax On The Paycheck,…
MILANO – Italy remains at the top of the OECD ranking on the impact of taxes on wages. This emerges from the update of the Taxing Wages report of the Parisian organisation, which describes a slightly harsher tax rate for “singles” compared to a reduction for families.
Italy recorded – in OECD calculations – an effective tax wedge of 45.1% in 2023, from 45% in 2022, for a ‘single’ worker, well above the area average of 34.8%. , itself up by 0.1 points. As in previous years, Italy is in fifth place in the (unenviable) ranking of payroll taxation, which once again sees first place Belgium with a wedge of 52.7% (-0.2 points), followed by Germania with 47.9% (-0.5), fromAustria with 47.2% (+0.3) and from France with 46.8% (-0.2). Among the other big Westerners, the United Kingdom drops to 31.3% (-0.3) and the Usa al 29.9% (-0.5%). La Swiss stops at 23.5% andWhen drops by 0.7% to 35.1%. Australia stands out for the record increase in the wedge with +2.2% points, but at the still moderate level of 29.2%. The friendliest tax for work remains that of Colombia where it is zero under international regulations, but has a light hand even in Chile (7%),
BHP, 31 Billion Takeover Bid For Anglo American
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The risk on raw materials is enriched by a record operation. BHP Group, the largest mining company in the world – created in 2001 from the merger between the Australian Broken Hill Proprietary Company and the English Billiton – has launched a paper-for-paper takeover bid (i.e. shares of the future group are offered and not cash) by £31 billion on Anglo American, which predicts a value of £25.08 for each Anglo American share, including £4.86 in Anglo Platinum shares and £3.40 in Kumba Iron Ore shares. If the deal goes through, it would become one of the largest deals since Glencore’s takeover of Xstrata over a decade ago. For its part, London-listed Anglo American pointed out that it had received an unexpected offer from its Australian rival, in what could be one of the biggest deals in the sector for years.
“The board of directors is currently reviewing this proposal with its advisors,” Anglo American said in a statement, adding that “there is no certainty that an offer will be made, nor the terms on which such an offer might be made.” .
Specifically, Anglo American shareholders would receive 0.7097 BHP shares for each ordinary share held and ordinary shares of Anglo Platinum and Kumba,