Electronic Marketing – Radio Tube Supply http://radiotubesupply.com/ Wed, 25 May 2022 22:56:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://radiotubesupply.com/wp-content/uploads/2021/07/icon-6-150x150.png Electronic Marketing – Radio Tube Supply http://radiotubesupply.com/ 32 32 Debt Consolidation Market Size, Share and Trends 2022-2028, Forecast by Key Players https://radiotubesupply.com/debt-consolidation-market-size-share-and-trends-2022-2028-forecast-by-key-players/ Wed, 25 May 2022 22:56:22 +0000 https://radiotubesupply.com/debt-consolidation-market-size-share-and-trends-2022-2028-forecast-by-key-players/ The Global”debt consolidation market“The report provides insight into the global industry, including valuable facts and figures. This research study explores the global market in detail such as industry chain structures, raw material suppliers, and manufacturing. The debt consolidation sales market examines the major segments of the market scale. This smart study provides historical data as […]]]>

The Global”debt consolidation market“The report provides insight into the global industry, including valuable facts and figures. This research study explores the global market in detail such as industry chain structures, raw material suppliers, and manufacturing. The debt consolidation sales market examines the major segments of the market scale. This smart study provides historical data as well as a forecast from 2022 to 2028.

The entire value chain and the critical downstream and upstream elements are examined in this report. This market report covers technical data, manufacturing facility analysis, and raw material supply analysis for Debt Consolidation industry and also explains which product has the highest penetration, its margins beneficiaries and its market shares.

Main Drivers and Obstacles:

High-impacting factors and driving forces have been studied in the Debt Consolidation market report to help readers understand the overall development. Additionally, the report contains restrictions and challenges that may hinder players. This will help users pay attention and make informed trading decisions. The specialists also looked at the next business prospects.

In its latest report, ReportsGlobe offers a comprehensive overview of Debt Consolidation Market with emphasis on keyword dynamics including driving forces, restraints, opportunities, trends and in-depth information on the structure of the debt consolidation market. Debt Consolidation Market sales in the global market will increase as business and advanced technology increase. With the covid-19 epidemic, companies have become very dependent on digital platforms to survive.

Debt Consolidation Market Segmentation:

Debt Consolidation Market, By Application (2016-2027)

Debt Consolidation Market, By Product (2016-2027)

  • Credit card debt
  • Overdrafts or borrowings
  • Others

Key Players Operating in the Debt Consolidation Market:

  • Marcus of Goldman Sachs (USA)
  • OneMain Financial (USA)
  • Discover personal loans (USA)
  • Lending Club (USA)
  • Payment (US)

Debt Consolidation Market Segment Analysis

Market research explores new data in the Debt Consolidation Market report. It examines the market size in terms of the value of each segment, as well as how market dynamics are likely to change over time. The report then divides this information into types and proposed applications, with a geographical breakdown (North America, Asia, Europe, and Rest of the World). In addition, the report examines the structure of the industry, offers estimates of growth, forecast period, revenue value, and volume in industrial applications, and sheds light on industry competition.

Scope of Debt Consolidation Market Report

ATTRIBUTES

The description

ESTIMATED YEAR

2022

YEAR OF REFERENCE

2021

FORECAST YEAR

2022 to 2028

HISTORICAL YEAR

2020

SECTORS COVERED

Types, applications, end users, and more.

REPORT COVER

Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

BY REGION

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Debt Consolidation Market Regional Analysis:

The Debt Consolidation market research report details current market trends, development outline, and several research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to huge disruptions in the factors mentioned above.

  • North America includes the United States, Canada and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria and Chile
  • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

Debt Consolidation Market Research Goals and Objectives

  • Understanding the opportunities and advancements in Debt Consolidation determines the market strengths, along with the key regions and countries involved in the market growth.
  • Study the various segments of the Debt Consolidation market and the dynamics of Debt Consolidation in the market.
  • Categorize debt consolidation segments with increasing growth potential and assess the market for the futuristic segment.
  • Analyze the most important trends related to the different segments that help to decipher and convince the debt consolidation market.
  • Check region-specific growth and development in the Debt Consolidation Market.
  • Understand the major players in the debt consolidation market and the value of the competitive image of the leaders in the debt consolidation market.
  • To study the key plans, initiatives, and strategies for the development of the Debt Consolidation Market.

The study thoroughly examines the profiles of major market players and their key financial aspects. This comprehensive business analysis report is useful for all new and existing participants when designing their business strategies. This report covers KEYWORD production, revenue, market share and growth rate for each key company and covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Historical breakdown data of debt consolidation from 2016 to 2021 and forecasts for 2022-2028.

Global Debt Consolidation Market Research Report 2022-2028

Chapter 1 Debt Consolidation Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Debt Consolidation Market Forecast

How Reports Globe is different from other market research providers:

The creation of Reports Globe has been underpinned by providing clients with a holistic view of market conditions and future possibilities/opportunities to derive maximum benefit from their business and assist in decision making. Our team of in-house analysts and consultants work tirelessly to understand your needs and provide the best possible solutions to meet your research needs.

Our team at Reports Globe follows a rigorous data validation process, which allows us to publish publisher reports with minimal or no deviation. Reports Globe collects, separates and publishes over 500 reports each year covering products and services in many areas.

Contact us:

Mr. Mark Williams

Account Manager

WE: +1-970-672-0390

E-mail: [email protected]

Website: Reportsglobe.com

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Markets will be in consolidation mode for a while: Manish Gunwani https://radiotubesupply.com/markets-will-be-in-consolidation-mode-for-a-while-manish-gunwani/ Sun, 22 May 2022 17:53:00 +0000 https://radiotubesupply.com/markets-will-be-in-consolidation-mode-for-a-while-manish-gunwani/ As valuations have improved following a sharp market correction and intense volatility as central banks tighten monetary policy, MANISH GUNWANI, Chief Investment Officer for Equity Investments at Nippon India Mutual Fund, in a conversation with Chirag Madia, sets out the main problems foreign investors face when it comes to allocating capital to India. Edited […]]]>

As valuations have improved following a sharp market correction and intense volatility as central banks tighten monetary policy, MANISH GUNWANI, Chief Investment Officer for Equity Investments at Nippon India Mutual Fund, in a conversation with Chirag Madia, sets out the main problems foreign investors face when it comes to allocating capital to India.

Edited excerpts: What do you think is the biggest source of volatility we’re seeing right now? For most of the last decade, markets benefited from low interest rates, which depended on inflation…




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Credit assessors await fiscal consolidation plan from incoming administration https://radiotubesupply.com/credit-assessors-await-fiscal-consolidation-plan-from-incoming-administration/ Thu, 19 May 2022 16:32:07 +0000 https://radiotubesupply.com/credit-assessors-await-fiscal-consolidation-plan-from-incoming-administration/ A view of residential condominium buildings in the city of Mandaluyong in Metro Manila, the Philippines, August 22, 2016. — REUTERS By Luz Wendy T. Noble, Journalistand Tobias Jared Tomas CREDIT RATING agencies keep a close eye on how the incoming Marcos administration will handle the country’s growing debt when assessing the Philippines’ sovereign rating. […]]]>
A view of residential condominium buildings in the city of Mandaluyong in Metro Manila, the Philippines, August 22, 2016. — REUTERS

By Luz Wendy T. Noble, Journalist
and Tobias Jared Tomas

CREDIT RATING agencies keep a close eye on how the incoming Marcos administration will handle the country’s growing debt when assessing the Philippines’ sovereign rating.

Moody’s Investors Service is also concerned about the debt of affordability as it reflects of a sovereign Ifscale flexibility, said Christian de Guzman, senior vice president of Moody’s sovereign risk group.

Debt affordability is the ratio of the annual interest payments required to maintain a government’s debt to its annual tax revenue.

“Indeed, although there was a sharp rise in public debt that essentially reversed the debt reduction progress that was made in the decade before the pandemic, we have not seen a such a significant deterioration in debt affordability for the Philippines,” De Guzman said in an email.

The stock of national government debt hit a record high of 12.68 trillion pesos at the end of March, according to the Bureau of the Treasury (BTr).

“For comparison, the last time the Philippine government saw debt levels similar to today’s, i.e. in the early to mid-2000s, the interest payments ratio /revenue was much worse than what we see today,” De Guzman said.

Relatively stable interest rates and continued tax reforms have helped improve debtffaffordable for the Philippines, he said.

Moody’s last affirmed its “Baa2” credit rating with a “stable” outlook for the Philippines in July 2020.

“As factors that would lead to a downgrade in the Philippines’ sovereign rating, we have previously cited a further deterioration in fiscal and government debt measures relative to their peers or an erosion of the country’s external payments position that threatens liquidity conditions,” De Guzman said. mentioned.

Any reversal of economic reforms, “a substantial deterioration of institutions and the strength of governance, with signs of erosion in the quality of legislative and executive institutions”, would also be negative, he added.

The national government’s debt-to-gross domestic product (GDP) ratio reached 63.5% at the end of March, the highest in 12 years. It also exceeded the 60% threshold deemed manageable by multilateral lenders for emerging economies.

“Ultimately, the rating trajectory will be informed by the incoming administration’s ability to stabilize and possibly reverse deteriorating debt levels over the medium term,” De Guzman said.

Meanwhile, S&P Global Ratings director YeeFarn Phua said he would closely monitor any sustained deterioration in the Philippine national government’s fiscal and debt position that exceeds his projections, as this poses downside risk. on the ratings.

“Although the current net debt to GDP ratio is still well below 60%, we note that the faster rate of debt increase is eroding Ifscal drunkffers,” Mr. Phua said.

In the case of the Philippines, net debt takes into account the country’s liquid assets like social security assets and deposits with central banks, he said. It also excludes government securities held by the National Bond Sinking Fund.

For now, Phua said S&P’s “stable” outlook on the country’s “BBB+” rating assumes fiscal performance will improve as the economy recovers from the pandemic.

It will be crucial for the new Marcos administration to implement measures that will reduce the budget deficit and pursue economic reforms to avoid a possible downgrade in the country’s investment rating, analysts said.

Pantheon Macroeconomics’ chief economist for emerging Asia, Miguel Chanco, said rising debt to GDP would not be the only determinant of the possibility of a ratings downgrade.

“What will matter more, however, is how quickly the new government can consolidate its fiscal deficit over the next two years, as the Philippines has suffered one of the biggest fiscal blowouts in emerging Asia. progress is made, more of the big three rating agencies could change their outlook from ‘negative’ to ‘stable’,” Chanco said in an email.

In 2021, the budget deficit increased by 21.87% to reach 1,700 billion pesos, or 8.61% of GDP. For this year, the government has established a budget ofIfceiling quoted at 7.7% of economic output.

Tackling the growing national debt going forward should be a priority for the new administration of Ferdinand R. Marcos, Jr., UnionBank of the Philippines, Inc., Chief Economist Ruben Carlo O. Asuncion said.

“Credit assessors have a long-term horizon before lowering one of their ratings, except when they think the situation in a particular economy has deteriorated rapidly,” Mr. Asuncion said.

Since his landslide victory in the May 9 presidential election, Marcos has yet to announce his economic team or provide details of his economic plan.

Meanwhile, ING Bank NV Manila chief economist Nicholas Antonio T. Mapa said Fitch Ratings had noted concerns about the Philippines’ ability to reduce debt over time.

“While we believe the ratings agencies will give the new administration some leeway before possible action on credit ratings, we believe that the longer our leverage ratios remain above key thresholds, the more the Philippines will be susceptible to possible downgrades,” Mapa said in an e-poster.

In February, the debt watchdog maintained the “negative” outlook on the country’s “BBB+” rating, which opens the possibility of a downgrade in the next 12 to 18 months.

The country’s investment rating allows the government to access lower borrowing rates. It could also boost investor sentiment as it reflects the ability of a government to repay its debt.

Finance Secretary Carlos G. Dominguez III said in April that the Philippine economy needed to grow more than 6% a year for the next five to six years to reduce the country’s debt that has ballooned during the pandemic.

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Yong Tai to conduct share consolidation, warrant issuance and debt settlement https://radiotubesupply.com/yong-tai-to-conduct-share-consolidation-warrant-issuance-and-debt-settlement/ Tue, 17 May 2022 13:28:36 +0000 https://radiotubesupply.com/yong-tai-to-conduct-share-consolidation-warrant-issuance-and-debt-settlement/ Tuesday, May 17, 2022 9:28 PM MYT KUALA LUMPUR, May 17 – Yong Tai Bhd (YTB) is embarking on several corporate exercises consisting of share consolidation, warrant issuance and debt settlement. In a filing with Bursa Malaysia today, the company said it is offering a stock consolidation of five YTB shares into one YTB share, […]]]>

Tuesday, May 17, 2022 9:28 PM MYT

KUALA LUMPUR, May 17 – Yong Tai Bhd (YTB) is embarking on several corporate exercises consisting of share consolidation, warrant issuance and debt settlement.

In a filing with Bursa Malaysia today, the company said it is offering a stock consolidation of five YTB shares into one YTB share, a bonus issue of up to 103,098,378 free warrants on the basis of a warrant for four consolidated shares and a debt settlement of a debt of RM46 million owed to the company’s creditors via 92 million new YTB shares.

He said the proposed reverse stock split is expected to improve the company’s share capital structure.

“As YTB shares are currently trading within a relatively low trading price range, a small absolute movement in the stock price can be significant in percentage terms.

“The proposed share split will result in a reduction in the number of YTB shares available in the market, which could potentially reduce the volatility of the trading price of YTB shares,” he said.

Regarding the proposed free issue of warrants, YTB said that the exercise would, among other things, allow the company to participate in convertible securities of the company, which are tradable on the main market of Bursa Securities, without incurring fees and allow existing shareholders to benefit from any potential capital appreciation of the Warrants.

Meanwhile, he said the proposed debt settlement would allow the company to strengthen its capital and preserve cash for other purposes such as working capital needs, among others.

On the outlook, he said the company’s strategy is to remain focused on completing all of its ongoing development projects for the fiscal year ending June 30, 2022 (FY22).

YTB ​​said it completed and delivered vacant possession of The Apple in December 2021 and is also on track to complete and deliver vacant possession of Amber Cove and Impression U-Thant by third and fourth. quarters of this year.

He said that with total unbilled revenue of RM271.21 million as of the last practicable date (LPD), the company expected improved profit in FY22.

The company said it is also exploring the distribution of other health products to generate a diversified revenue stream.

“With regard to gold mining, production will start in phases. This will contribute positively to the group’s financial results for the financial year ending June 30, 2022,” he added. — Bernama

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Restoring toll booths as part of fiscal consolidation measures – ISSER at the government https://radiotubesupply.com/restoring-toll-booths-as-part-of-fiscal-consolidation-measures-isser-at-the-government%ef%bf%bc/ Mon, 16 May 2022 09:43:37 +0000 https://radiotubesupply.com/restoring-toll-booths-as-part-of-fiscal-consolidation-measures-isser-at-the-government%ef%bf%bc/ The Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana has urged the government to reintroduce the road toll system as part of its fiscal consolidation measures. He said toll booths should be reinstated with an effective electronic pass system to address congestion on parts of the country’s roads. Professor Quartey […]]]>

The Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana has urged the government to reintroduce the road toll system as part of its fiscal consolidation measures.

He said toll booths should be reinstated with an effective electronic pass system to address congestion on parts of the country’s roads.

Professor Quartey made the call during a presentation at the 2022 edition of the ISSER Roadshow on the State of the Ghanaian Economy (SGER) Report 2020 and Ghana’s Social Development Outlook (GSDO) , organized in collaboration with Winneba University of Education.

It was held under the theme: “Harnessing Stakeholder Engagement and Feedback for Research Impact”, and it provided a platform to discuss the successes and challenges of Ghana’s economy. and ways to stimulate the economy through a non-partisan lens.

On November 18, 2021, the Ministry of Roads closed all toll booths across the country following an announcement by the Minister of Finance during the presentation of the 2022 budget that the toll would no longer exist.

Meanwhile, the government aims to achieve a budget deficit of 7.4% of gross domestic product (GDP) in 2022, against 12.1% forecast for 2021, in a bid to save the economy.

Therefore, he introduced some economic policies including the imposition of Electronic Transfer Tax (E-levy) to enhance domestic revenue mobilization and reduce borrowing.

Prof Quartey says the outright abolition of road tolls put the government in a bad light as it sent the wrong signals to private investors who wanted to partner with the government on other projects.

He insisted that toll booths be reopened and operated effectively and efficiently.

Prof. Quartey observed that Ghana’s economy went through turbulent times in the first quarter of 2022 due to a series of developments both domestically and globally.

He said the economy was hit hard as crude oil prices rose from $74.17 a barrel in December 2021 to $130 on March 7, 2022, before falling back to $115 on March 24.

He also observed that the Cedi had depreciated 15.6% against the dollar, 13.4% against the British pound and 13.3% against the euro.

“At the end of December 2021, outstanding public debt had fallen to 351.8 billion yen, or 80.1% of GDP, from 218.2 billion yen in December 2020,” he added.

He noted, however, that the difficulties prevailing in the country were not a special situation, citing 2022 inflation rates in the United States, Germany and the United Kingdom.

He affirmed that despite the challenges, the country was developing with good prospects.

For fiscal consolidation, Professor Quartey said, the government must engage in aggressive revenue mobilization through effective revenue-generating tax and non-tax measures.

He noted, for example, that the property rate of ¢468 million projected for 2022 was insufficient given the number of properties in the country and urged the government to do more.

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Volatile consolidation is not an oxymoron https://radiotubesupply.com/volatile-consolidation-is-not-an-oxymoron/ Fri, 13 May 2022 14:58:14 +0000 https://radiotubesupply.com/volatile-consolidation-is-not-an-oxymoron/ USD/JPY trades lower on Wednesday and Thursday, reverses on Friday. US Treasury yields slide from recent highs, helping the yen, then rally. Recession fears are behind selling stocks and trading the safety of the dollar. The FXStreet forecast poll is bearish by a quarter. USD/JPY’s two-month run came to a halt as falling Treasury yields […]]]>
  • USD/JPY trades lower on Wednesday and Thursday, reverses on Friday.
  • US Treasury yields slide from recent highs, helping the yen, then rally.
  • Recession fears are behind selling stocks and trading the safety of the dollar.
  • The FXStreet forecast poll is bearish by a quarter.

USD/JPY’s two-month run came to a halt as falling Treasury yields undermined the pair’s most powerful logic, while slowing growth in China, turmoil in stocks and the Expected slowdown in Federal Reserve rate hikes on the US economy brought a modest recovery to the yen’s safety trade.

Since Monday’s open at 130.55, USD/JPY was down 1.5% to Friday’s Asian open at 128.60. Most of the loss came with Thursday’s 1.1% plunge just four days after USD/JPY traded to a two-decade high at 131.25. The yen reversal occurred even as the dollar rose sharply against all other major currencies and in the dollar index. Falling stock prices around the world, war in Ukraine, lockdowns in China, and soaring inflation and food prices have pushed investors toward the safety of the US dollar and assets in recent weeks. .

Treasury yields had fallen through Thursday, helping the yen rally as investors sought safety in US government debt. The explosion of the gap between US and Japanese public debt since January had fueled the rise in the dollar.

USD/JPY’s rally on Friday above 129.00 was accompanied by a sharp rise in the Treasury yield curve. At the start of the New York session, the 10-year rate had gained 9.1 basis points to 2.909%, the 30-year rate 8.3 points to 3.054% and the 2-year rate 9.3 points to 2.615%.

EUR/USD closed at 1.0380 on Thursday, down 1.3% on the day, its weakest against the dollar in five years.

Consumer prices and US sentiment weighed on the market outlook for the US economy. The April CPI at 8.3% overall and 6.2% for the core was slightly lower than the March figures, but higher than expected. Combined with producer prices at 11%, inflation increasingly appears to be a long-term phenomenon, highlighting the Federal Reserve’s aggressive rate policy. Michigan’s consumer confidence index for April fell to 59.1, well below the forecast of 64.0, the weakest reading since August 2011 and the second weakest since the financial crisis.

If the US consumer falters in the second quarter, a recession as traditionally defined becomes increasingly possible.

The Bank of Japan’s (BoJ) April meeting summary highlighted the central bank’s extreme accommodative policy. The contrast with the US, UK and Canadian central banks is the main source of yen weakness. Japan’s economic sentiment indices showed a slight improvement in April, but not enough to impact the market outlook.

Technical considerations also contributed to the rally in the yen. Wednesday’s modest 50 point loss and close at 129.98 broke through the bullish channel that had been the dominant formation since March 7 for USD/JPY’s 14.0% gain. Thursday’s drop confirmed the breakout and Friday’s bounce remained well below the lower boundary of the channel now just above 131.00.

USD/JPY Outlook

The interest rate fundamentals that have propelled USD/JPY higher since early March remain intact. US inflation shows few signs of abating and the longer it remains the harder it will be to eradicate. The Federal Reserve will persist in raising rates as long as US economic growth allows.

If US growth fades, the widespread fear of recession evident in equity markets around the world will fund the safe trade against the dollar.

Treasury rates retreated from their highs and USD/JPY moved with them. Concerns over US economic growth in the second and third quarters should cap Treasury rates for the immediate future, which in turn will delay further USD/JPY ascent.

Japan’s first quarter annualized GDP is expected to be -1.8% and -1.2% (year-on-year). Growth was negative in the first and third quarters and the expected continuation of the trend for a second year highlights the fragility of the Japanese economy. April imports are expected to post the sixth consecutive month of expansion of more than 30%.

Retail sales for April in the United States are expected to show continued moderate growth. Any sign of weakness will undermine stocks and favor safe dollar trading. Sales of existing homes, 90% of the U.S. market, were already down 11.5% in March from the recent high in November as mortgage rates climbed, with another drop expected for April.

Consolidation in the band between 127.00 then 128.00 and 131.00 is the USD/JPY outlook.

Japan statistics from May 9 to May 13

FXStreet

US statistics from May 9 to May 13

FXStreet

Japan statistics from May 16 to May 20

FXStreet

US statistics from May 16 to May 20

FXStreet

USD/JPY Technical Outlook

MACD (Moving Average Convergence Divergence) and Relative Strength Index (RSI) signals from May 3 proved to be accurate. The MACD price line crossed the signal line and the RSI broke out of overbought status and the USD/JPY duly turned lower. The lack of follow through underscores the fundamental interest rate nature of USD/JPY’s six-week rise. Volatility in the Average True Range (ATR) remained elevated even though the movement in the six sessions from May 3 to Thursday was relatively limited. This highlights the potential for movement above and below the market.

The 21-day moving average (MA) at 129.04 is part of the support at 129.00. The area between 127.00 and 129.00 has been well covered and support should hold.

Resistance: 130.00, 130.50, 130.85, 131.35

Support: 129.00, 128.40, 127.70, 127.00

Moving averages: 129.04 over 21 days, 124.44 over 50 days, 119.24 over 100 days, 115.98 over 200 days

FXStreet Forecast Survey

With almost no profit having been made on the 14.3% rise in USD/JPY from March 7 to April 28, FXStreet’s forecast survey predicts that technical factors are favoring a decline. These will gain more and more weight as USD/JPY fails to break above 131.00.

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Fiscal consolidation proposed to presidential race winner Bongbong Marcos https://radiotubesupply.com/fiscal-consolidation-proposed-to-presidential-race-winner-bongbong-marcos/ Fri, 13 May 2022 08:35:00 +0000 https://radiotubesupply.com/fiscal-consolidation-proposed-to-presidential-race-winner-bongbong-marcos/ Dry. Finance Carlos “Sonny” Dominguez.PHOTO BY JOAN BONDOC MANILA, Philippines — The President’s Chief Economic Officer Rodrigo Duterte has urged Ferdinand “Bongbong” Marcos Jr., the apparent winner of the presidential race, to continue fiscal consolidation to pay off record debt Duterte would leave behind. Finance Secretary Carlos Dominguez III said he believed the rising debt-to-GDP […]]]>
Fiscal consolidation proposed to presidential race winner Bongbong Marcos

Dry. Finance Carlos “Sonny” Dominguez.
PHOTO BY JOAN BONDOC

MANILA, Philippines — The President’s Chief Economic Officer Rodrigo Duterte has urged Ferdinand “Bongbong” Marcos Jr., the apparent winner of the presidential race, to continue fiscal consolidation to pay off record debt Duterte would leave behind.

Finance Secretary Carlos Dominguez III said he believed the rising debt-to-GDP ratio could be resolved “through a well-thought-out, closely coordinated and efficiently executed economic program.”

This will be part of the overall fiscal consolidation and resource mobilization plan that will be handed over by the outgoing Duterte administration to the economic team of presumed President Marcos Jr.

It will detail measures to “protect the most vulnerable from global inflationary pressures through targeted subsidies, foster sustainable and inclusive economic growth, and maintain a sound tax system by raising revenues and eliminating wasteful spending,” Dominguez said Thursday, 12 may.

This may include new or higher taxes, non-priority spending cuts, as well as engines of economic growth so that it can overcome the government’s record debt and increase revenues to reduce the gaping budget deficit caused by the pandemic. prolonged from COVID-19.

Dominguez said the authors of this fiscal consolidation program will be “ready in time to brief the incoming economic team.”

The finance chief said there will be ample time for the outgoing and incoming administrations to discuss this fiscal consolidation strategy.

Socio-Economic Planning Secretary Karl Kendrick Chua said the next administration must also craft tax reform and move it forward sooner, just as the Duterte administration did. Chua, then undersecretary of finance, led the push for Congress to pass Duterte’s comprehensive tax reform agenda.

The administration of the late President Benigno Aquino III, through then-chief financial officer Cesar Purisima, had handed Dominguez the DOF proposal during Aquino’s transition to Duterte. This allowed the Duterte administration to deliver its comprehensive tax reform program in just a few months. In September 2016, about three months after Duterte took office, Chua was already presenting Duterte’s tax reform plans to Congress.

Chua, who heads the state’s planning agency, the National Economy and Development Authority (Neda), said the next administration may consider reviewing “sinful” tax rates, as well as remove all exemptions from the 12% Value Added Tax (VAT). efficiently collect the fee.

Chua said the VAT rate could be lowered like in some neighboring Asean countries, but only when existing exemptions are dismantled. The DOF had attempted to remove all VAT exemptions under the Tax Reform for Acceleration and Inclusion (TRAIN) Act, but lawmakers retained them, especially those for the elderly, disabled and other vulnerable sectors of society.

DOF officials had also said the next administration could target “relatively untaxed” sectors and consider the viability of the carbon tax, a levy on cryptocurrencies, as well as further excise tax increases on cigarettes, electronic cigarettes and vapes, alcoholic beverages, and sugary drinks.

But Marcos Jr. had expressed reluctance to raise taxes at a time when many Filipinos were still reeling from the hard times brought about by COVID-19.

Stronger-than-expected 8.3% year-on-year GDP growth in the first quarter was nonetheless overtaken by a faster 17.7% rise in the stock of national government debt to a new high of 12,680 billion pesos at the end of March. due to the increase in internal and external borrowing at the beginning of the year to finance the budget.

These outstanding obligations were expected to reach a new annual high of 13.42 trillion pesos by the end of the year. Despite expectations of GDP growth of 7-9% this year, the debt-to-GDP ratio – which best measures a country’s ability to repay its debts – would end the year at 60.9% of GDP, slightly higher than the 16-year high of 60.5% last year. year. Credit rating agencies rate government debt in emerging markets like the Philippines as manageable at 60% of GDP.

Before COVID-19 hit, the Philippines’ debt-to-GDP ratio fell to an all-time high of 39.6% in 2019. But at the height of the health and socio-economic crisis inflicted by COVID-19, the government increased its borrowing to add to its war chest for the protracted fight against the pandemic.

For example, the Philippines borrowed a total of $2 billion via low-interest loans from multilateral lenders last year to purchase vaccines and boosters, in order to vaccinate the majority of the population for free. The government had also secured concessional borrowing to implement programs and projects to support recovery from the pandemic-induced economic crisis.

Foreign borrowing related to COVID-19 alone from 2020 at the start of the pandemic through mid-January this year reached $25.7 billion, or 1.31 trillion pesos, which, according to the DOF, take 40 years, or about two generations, to repay.

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Bitcoin Mining Company Hive Blockchain Announces 5-to-1 Stock Consolidation Plan https://radiotubesupply.com/bitcoin-mining-company-hive-blockchain-announces-5-to-1-stock-consolidation-plan/ Wed, 11 May 2022 20:07:44 +0000 https://radiotubesupply.com/bitcoin-mining-company-hive-blockchain-announces-5-to-1-stock-consolidation-plan/ advertisement Bitcoin miner Hive Blockchain has announced plans for a 5-to-1 stock consolidation that will materialize around May 20. The Canada-based company justified the move as a way to “add shareholder value” and bring the number of outstanding shares closer to industry norms, according to an announcement Wednesday. However, the company is still awaiting regulatory […]]]>

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Bitcoin miner Hive Blockchain has announced plans for a 5-to-1 stock consolidation that will materialize around May 20.

The Canada-based company justified the move as a way to “add shareholder value” and bring the number of outstanding shares closer to industry norms, according to an announcement Wednesday. However, the company is still awaiting regulatory approvals.

“Talking to shareholders at the many conferences I have attended over the past 60 days, it is evident that some shareholders find it difficult to compare HIVE to its industry peers, as we have many more shares outstanding,” said executive chairman Frank Holmes.

At the time of the announcement, there were 411,209,923 common shares issued and outstanding and after consolidation this number is expected to decrease to 82,241,984.

Holmes also said the company’s relatively low price per share has been a barrier for some investors, arguing that consolidation would broaden the company’s profile.

The shares were at C$1.22 on the Toronto Stock Exchange and $0.92 on the Nasdaq, at press time.

“Even though HIVE has a higher market capitalization than many of our peers and stronger fundamentals, as measured by price-earnings ratios, revenue per employee and debt ratios, the increase in share price creates greater institutional visibility as many of their fundamental screens exclude stocks below $5 a share,” Holmes added.

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EXCLUSIVE: Focus on fiscal consolidation, next administrator urged https://radiotubesupply.com/exclusive-focus-on-fiscal-consolidation-next-administrator-urged/ Mon, 09 May 2022 16:03:00 +0000 https://radiotubesupply.com/exclusive-focus-on-fiscal-consolidation-next-administrator-urged/ LESS than two months before a new coterie of elected officials seizes the reins of the bureaucracy, the Office of the Treasury announced last week that the government had taken on a new record level of debt. The latest data showed that the national government has so far incurred an outstanding debt of 12.68 trillion […]]]>

LESS than two months before a new coterie of elected officials seizes the reins of the bureaucracy, the Office of the Treasury announced last week that the government had taken on a new record level of debt.

The latest data showed that the national government has so far incurred an outstanding debt of 12.68 trillion pesos at the end of March, higher by 586.29 billion pesos or 4.8% compared to 12.09 trillion pesos at the end of February this year.

To solve this problem, economists said it was crucial that the next administration ensure that the economy grows faster than its rate of debt accumulation.

ING Bank’s chief economist, Nicholas Antonio T. Mapa, told BusinessMirror that the next administration should be discerning when it comes to choosing projects and programs.

“As such, it is imperative that the new administration focus on projects that would generate revenue streams and refrain from populist agendas that may be popular but will ultimately lead to increased debt,” the message read. text from Mapa to BusinessMirror.

Additionally, Mapa said the next president should prioritize fiscal consolidation, as he warned that the current debt-to-gross domestic product ratio – at 60.5% in 2021 – “leaves the Philippines vulnerable to credit rating downgrade.

Policymakers also need to watch out for several headwinds for this year and next, including accelerating inflation and soaring borrowing costs, he added.

Mapa explained that both “can dampen growth and revenue collection while increasing the need for fiscal support, which in turn could lead to higher debt accumulation.”

Focus on chips

Maria Ella C. Oplas, professor of economics at DE La Salle University, said the next administration could spur robust economic growth by focusing on three industries: semiconductors, tourism and services.

According to Oplas, the move will help the economy grow “slowly but hopefully surely.”

“[Focus on] semicon to capture some of the releases in China and hopefully help address the chip shortage we are experiencing,” Oplas said.

She also recommended the full opening of the economy to the tourism and service sector.

“To leave [the] private sector leader. We already have it Create [Corporate Recovery and Tax Incentives for Enterprises] and ‘Build, Build, Build’, so we should capitalize on that and encourage more investors into the country,” Oplas said.

Oplas also cautions the new administration against imposing new taxes, adding that this would further fuel the pace of inflation amid soaring food and fuel prices. Last week, the Philippine Statistics Authority reported that April inflation at 4.9% was the highest since the 5.2% recorded in December 2018.

“In response, the government will borrow again. It’s an endless cycle,” she said.

Instead of new taxes, Oplas said a better option for the government is to improve its efficiency in tax collection and attract new investments that will lead to increased revenue.

Wealth tax

The executive director of BUT IBON Foundation Inc., Jose Enrique A. Africa, doubts the ability of the new administration to cope with the debt.

Africa said it would be “highly unlikely” that the government would reduce its stock of debt for any length of time, as it needs resources for its upkeep and for social and economic development.

Still, he said there are steps the next administration can take to make its growing debt stock more manageable. These include rolling out a major fiscal stimulus package to revive economic activity and help boost incomes.

“Revenue generation is effectively suppressed, people’s suffering prolonged and small businesses hampered by the current administration’s fiscal conservatism. Fiscal tightening to please credit rating agencies is counterproductive,” he said.

“This stimulus can also be facilitated if the next administration negotiates a halt to debt repayment, both principal and interest, at least with development agencies and creditor governments,” Africa added.

He also reiterated the need for the government to craft a well-designed wealth tax to raise 470 billion pesos in annual revenue that could help reduce a budget deficit, reduce borrowing and ease debt servicing.

In addition, Africa also cautioned against imposing consumption taxes.

“It should also avoid the temptation to resort to consumption taxes which are unduly burdensome for ordinary Filipinos,” he said.

Africa added that the government should also take steps to reverse regressive trends in the tax system as part of the Tax Reform for Acceleration and Inclusion, or Train, Act (Republic Act 10963) and Create law ( Republic Act 11534).

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First Stock: 10 years of consolidation, now with a 2% return (NASDAQ: PINC) https://radiotubesupply.com/first-stock-10-years-of-consolidation-now-with-a-2-return-nasdaq-pinc/ Fri, 06 May 2022 17:14:00 +0000 https://radiotubesupply.com/first-stock-10-years-of-consolidation-now-with-a-2-return-nasdaq-pinc/ ipopba/iStock via Getty Images First Summary Although not a famous title in all respects, Premier Inc (NASDAQ: PIN), a healthcare services company, has been in business for more than 20 years, with an IPO in 2013. While initially a group buying organization (GPO), an entity that helps reduce costs by aggregating the supply chain, they […]]]>

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First Summary

Although not a famous title in all respects, Premier Inc (NASDAQ: PIN), a healthcare services company, has been in business for more than 20 years, with an IPO in 2013. While initially a group buying organization (GPO), an entity that helps reduce costs by aggregating the supply chain, they have now become a diversified provider of a wide range of services. Other elements include providing software for analysis and operations, consulting and collaboration expertise, and even advocacy services in Washington. Currently, supply chain services remain the dominant revenue segment, accounting for over 60% of revenue. However, moderate growth over the past decade has prompted the company to attempt to make the performance services segment a larger proportion of revenue. Will this change finally be enough to get the company out of the nearly 10-year consolidation pattern it has known?

A summary of what the company does.

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Further information on areas of industry that Premier can help with.

First

As the second-largest GPO in the United States by staffed beds, PINC generates more than $1.0 billion in revenue annually. However, their revenue depends on the overall health of the industry, and issues with pricing and supply logistics, tax and personal expenses, and events such as COVID all play a role. As such, one of the main risks is lower healthcare spending as COVID has weakened the financial strength of the industry. General market pessimism has and will continue to affect both Premier’s valuation and growth expectations.

Fortunately, the forecast for 2022 has increased since the last results compared to the fall of 2021. It seems that inflation does not play a significant role when it comes to the finances of the company, but that might not help the company. company to improve from its current trend. However, 2022 will be a weaker year for revenue due to the end of a pandemic boost, and management guides for a roughly 16% decline in growth. Let’s start diving into the finances.

Impact of inflation on Premier.

10-K Company

Information on healthcare expenditures in the United States.

10-K Company

Forecasts for 2022 are improving but remain below 2022 levels.

First

On paper, Premier looks pretty solid, with steady revenue growth. The decline in revenue in 2019 was associated with changing revenue recognition standards and the sale of their specialty pharmacy business. The sale is reflected in the revenue data summary. Then, revenues increased sharply thanks to the pandemic. Along with steadily increasing revenues, the company boasts strong profitability, with net profit rarely negative. However, a glaring weakness of the company is its inability to maintain profitability alongside revenue growth. This is likely due to both industry issues and increasing CAPEX in software systems.

The downward trend is not a good look and is a major reason to consider passing the stake. If you own stocks, you can feel comfortable that the NI margin remains much more stable (possibly growing) than the EBITDA margin. I’m also quite pessimistic and the downward trend in EBITDA from around 30-40% to 20-25% is not extreme. It will simply be essential to be wary of this scheme in the future. In fact, this change in profitability can also be attributed to the rise in high net income.

PINC revenue and growth rate.

Koyfin

PINC EBITDA and net income, with margins

Koyfin

Due to weak revenue growth and slowing profitability, the balance sheet is weakening quarter over quarter. Another way to measure declining profitability is the downward trend in free cash flow per share. Since the company bought stock, without diluting, you would expect at least a slight growth in FCF.

Without diluting, the company increased its total debt in 2020, but has already started paying it down. Net debt is currently $335 million, so it will take some time to fully pay off current EBITDA margins. Unlike performance, the company has initiated a dividend in 2020. Is it worth going into debt just to buy back shares and initiate a dividend? In the eyes of most people, the current payout rate of <10% is perfectly safe in today's market.

Company balance sheet information.

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PINC FCF, total debt and total cash

Koyfin

As one would expect given the lackluster performance of the past decade, little change in stock price or valuation has occurred over the years. Arguably, the company is now at its most overvalued point considering negative earnings and a high price-to-stock ratio. However, there is a lot of uncertainty in the market and a company like Premier is a prime candidate to find some security. I expect the P/E to stay around 16x, but I will be looking for the P/S to fall below 2.8x. Whether the stock price will rise with earnings while this is happening is uncertain, I find this market favors a rapid decline in the stock price.

PINC Assessment

Koyfin

Conclusion

Premier is a pretty unique look in today’s healthcare market outside of insurers and pharmaceuticals. They offer slow growth, but huge overall profitability and a relatively high dividend. For low-risk investors, this can be a great way to learn about the healthcare services industry, aside from your typical name like CVS (CVS) or Cigna (CI). It will be important to watch profitability over the next few years as the healthcare industry finds balance in the later stages of the pandemic. Expenses will not be as high as last year, and this is reflected in the current forecast for 2022 which calls for a 16% year-on-year decline in revenue.

This misdirection shows how the company is still tied to the overall state of the healthcare industry and how the Performance Solutions segment has failed to find new avenues for growth. I want the segment to be able to drive growth at a fairly rapid pace. Unfortunately, this is not the case at the moment, but the company has an ace up his sleeve: PINC IA. This new software service could be the subscription service Premier needs to deliver stable and predictable earnings growth in the future. Since the service just released in 2022, I’ll give it some time to think about finances.

PINC AI information on the website.

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While dividend seekers may start stocking up on stocks now that they’ve fallen 10% from recent highs, I find the consolidation phase will continue for at least 2022. This trading pattern of almost ten years between $20 and $40 per share faces headwinds from slowing revenue and EBITDA growth. All eyes will be on the bottom line as investors look to a safe dividend and reduced debt. The company is certainly worth considering for share price safety for those who want capital coverage. I hope this article provides the initial information needed to lead you to your own conclusion.

Thanks for reading and feel free to share your thoughts below.

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