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New American house construction falls to second lowest level in over 50 years

first_imgWednesday 19 January 2011 7:26 pm KCS-content HOMEBUILDING in the US recorded its second lowest rate in over half a century last year, according to data released by the commerce department yesterday.New house starts totalled 587,600, only a small improvement on the 554,000 begun in 2009 – the two worst years since records began in 1959.December saw a 4.3 per cent fall, with new housing starts, since the same time the previous year, standing at 529,000.“Low construction activity for an extended period is necessary to purge excess supply from the housing market,” commented ING’s Teunis Brosens.Weak demand in the US housing market, as well as the excess supply, suggest that new house construction will remain sluggish in the coming months.“We therefore expect a very slow and soft construction recovery,” Brosens warned.Financial markets had a muted reaction to the figures, although gold prices hit a session high following their release. Share Show Comments ▼ New American house construction falls to second lowest level in over 50 years center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsUndo whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Tags: NULLlast_img read more

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Pacgor posts H1 loss as Manila casinos remain closed

first_imgCasino & games 4th August 2020 | By contenteditor Pacgor posts H1 loss as Manila casinos remain closed Regions: Asia Philippines Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Philippine Amusement and Gaming Corporation (Pagor) has reported heavy losses for the first half of 2020, as the country’s ongoing struggles with novel coronavirus (Covid-19) continue to push back the reopening of integrated resorts in the capital Manila. The Philippine Amusement and Gaming Corporation (Pagor) has reported heavy losses for the first half of 2020, as the country’s ongoing struggles with novel coronavirus (Covid-19) continue to push back the reopening of integrated resorts in the capital Manila.Pagcor reported total income from gaming operations of PHP18.44bn (£286.6m/€318.2m/$375.6m) for the six months to 30 June. This represents a year-on-year decline of 49.6%, from H1 2019’s PHP36.6bn total.It also suggests that the bulk of income was generated in the first quarter of the year, when Covid-19 only hit near the end of the period. For the three months to 30 March, gaming income amounted to PHP17.22bn.Casinos in the country were forced to close as a result of the pandemic from 15 March, with the country’s igaming licensees, the Philippines Offshore Gaming Operators (POGOs), following from 18 March.Casinos in four locations were permitted to resume operations – though at 50% capacity – from June, though Manila’s casinos are facing more than five months closed. The reopening date for venues has been pushed back weekly, amid rising Covid-19 cases and deaths, and now looks unlikely before mid-August.While POGOs were permitted to resume operations from May, provided their tax affairs were up to date, few have done so, prompting Pagcor to issue a public warning about unlicensed gaming sites. Some have even reportedly withdrawn from the market as a result of the shut-down.Of the PHP18.44bn in income, PHP9.68bn was paid to the Philippines government and Bureau of Internal Revenue in taxes and fees, again down 49.6% year-on-year. This comprised PHP922.2m through the 5% franchise tax on licensees, and PHP8.73bn to the government, as well as PHP30.0m to the Dangerous Drugs Board.After income from other sources and related services was factored in, net income for H1 fell 48.5% to PHP9.73bn.Expenses for the period also declined, through this was significantly less steep than the fall in revenue. Pagcor’s outgoings were PHP11.32bn, compared to PHP15.80bn in the prior year, with staff related costs coming in at PHP3.77bn; maintenance and operating expenses at PHP2.57bn, while finance expenses amounted to PHP11,429.Corporate social responsibility contributions in the first six months of the year were PHP4.53bn, and after the Philippine Sports Commission’s PHP438.0m levy was paid, pre-tax loss for H1 stood at PHP158bn.After PHP11.7m in income taxes, net loss for the six months stood at PHP1.60bn, compared to a PHP3.08bn profit for H1 2019. Tags: Online Gambling Subscribe to the iGaming newsletter Topics: Casino & games Financelast_img read more

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Trans-Century Limited (TCL.ke) HY2015 Interim Report

first_imgTrans-Century Limited (TCL.ke) listed on the Nairobi Securities Exchange under the Investment sector has released it’s 2015 interim results for the half year.For more information about Trans-Century Limited (TCL.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Trans-Century Limited (TCL.ke) company page on AfricanFinancials.Document: Trans-Century Limited (TCL.ke)  2015 interim results for the half year.Company ProfileTrans-Century Limited is an infrastructure company offering services and expertise in power infrastructure, infrastructure projects and engineering infrastructure. Power infrastructure includes manufacturing electrical cables, overhead conductors, power and control cables, data and communication cables, instrumentation and control cables, mining cables, transformers and switchgear. Infrastructure projects include critical energy and transport infrastructure which supports key pillars of the domestic and export economy. Engineering infrastructure includes providing services for mechanical engineering, civil engineering, transport and logistics and craneage and erection services. Trans-Century Limited has operating divisions in 14 countries in East, Central and Southern Africa. The company was established in 1997 by a group of leading Kenya professionals and investors looking to invest in growth sectors in Africa. Its head office is based in Nairobi, Kenya. Trans-Century Limited is listed on the Nairobi Securities Exchangelast_img read more

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First Mutual Properties Limited (FMP.zw) 2019 Abridged Report

first_imgFirst Mutual Properties Limited (FMP.zw) listed on the Zimbabwe Stock Exchange under the Property sector has released it’s 2019 abridged results.For more information about First Mutual Properties Limited (FMP.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the First Mutual Properties Limited (FMP.zw) company page on AfricanFinancials.Document: First Mutual Properties Limited (FMP.zw)  2019 abridged results.Company ProfileFirst Mutual Properties, formerly known as Pearl Properties Limited, is a subsidiary of First Mutual Holdings. It is a real estate company with vested interests in the development and management of commercial properties in the major towns of Zimbabwe. First Mutual Properties has a significant property portfolio, comprising some 117 250 square metres of lettable space made up of office parks, retail shops, commercial and industrial property. It owns and manages 41 buildings in the major economic hubs of Zimbabwe, including high-rise commercial buildings, industrial and warehouse properties and retail outlets. First Mutual Properties also has a residential trading stock of two- and three-bedroomed garden flats in Avondale, Harare. First Mutual Properties is listed on the Zimbabwe Stock Exchangelast_img read more

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Epilepsy Action fundraise around National Tea Break

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Community fundraising Events Since 2003 800 Tea Breaks have taken place, raising £88,000, and this year the charity hopes to break the £100,000 barrier.Everyone who registers to be a Tea Break organiser will receive an organiser’s pack. These will contain a guide featuring hints and tips, posters to promote the event, invitation cards, and celebrity recipe cards.www.epilepsy.org.uk/teabreakPhoto: strawberry cake by kankan on Flickr.com AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Epilepsy Action is encouraging tea drinkers to take part in National Tea Break 2009 and raise funds for the charity.This year’s event on Friday 23 October is the seventh time that the charity has run the tea-themed fundraising campaign. National Tea Break offers an annual opportunity for tea lovers to get together to help raise funds simply by drinking tea and eating cake. Advertisementcenter_img Epilepsy Action fundraise around National Tea Break  30 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 30 September 2009 | Newslast_img read more

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19-year-old charged with driving intoxicated with child in vehicle

first_img Twitter 19-year-old charged with driving intoxicated with child in vehicle Twitter By admin – May 11, 2018 Facebook Local NewsCrime Emily Morgan Odessa police arrested a 19-year-old woman on Wednesday on charges related to driving while intoxicated with a three-year-old in the vehicle.Emily Nicole Morgan, 19, was arrested and charged with state-jail-felony driving while intoxicated with a child passenger.An Odessa police release states Morgan was arrested at around 10:30 p.m. Wednesday after she ran a stop sign and nearly struck an Odessa police vehicle and officer while driving on the wrong side of the road, before she failed a field sobriety test.The release states Morgan drove a blue Dodge Durango, running a stop sign at the intersection of 10th Street and Royalty Avenue, then nearly striking an OPD unit on 10th Street.During a traffic stop, the release states officers smelled the odor of alcohol from Morgan’s breath, and identified a back passenger as a 3-year-old girl.Morgan was arrested and taken to the Ector County Law Enforcement Center, the release states, while Child Protective Services was notified of the incident and the child was released to a friend. Facebook Pinterest Pinterest WhatsApp WhatsApp Previous articleFive things you need to know today, May 11Next articleWoman accused of driving intoxicated, colliding with OPD car adminlast_img read more

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Sri Lanka Navy Intercepted Multi-Day Trawlers

first_img Share this article View post tag: News by topic View post tag: Trawlers Sri Lanka Navy Intercepted Multi-Day Trawlers View post tag: Navy Training & Education View post tag: Lanka Back to overview,Home naval-today Sri Lanka Navy Intercepted Multi-Day Trawlers center_img View post tag: Naval Sri Lanka Navy intercepted 2 Multi – day Trawlers named “Theres Nilusha” and Mangala” were illegally headed for Australia 20 nautical miles east of Trincomalee in the early hours on Saturday (08th September 2012). The intercepted trawlers were brought to the Trincomalee harbour with 146 persons including 132 Tamils, 10 Sinhalies and 4 Muslims on board.Among the arrested persons were including 107 males, 16 women and 23 children. They are residents of Jaffna, Mullaithivu, Vavuniya, Batticaloa, Arachchikattuwa, Chilaw, Kilinochchi, Trincomalee, and Mannar. They were escorted to Trincomale Harbour to be handed over to the CID for further investigations.[mappress]Naval Today Staff, September 10, 2012; Image: Sri Lanka Navy View post tag: Multi-Day September 10, 2012 View post tag: Sri View post tag: Interceptedlast_img read more

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Sri Lanka Navy Arrests Illegal Fishermen

first_img View post tag: Sri Lanka Sri Lanka Navy Arrests Illegal Fishermen View post tag: News by topic View post tag: Illegal Back to overview,Home naval-today Sri Lanka Navy Arrests Illegal Fishermen View post tag: asia Share this article View post tag: Navycenter_img View post tag: Arrests October 27, 2014 Sri Lanka naval troops attached to SLNS Gajaba of the North Central Naval Command arrested 08 persons with 1,359 kilograms of illegal fish catch along with an FGD and a Wallam engaged in illegal fishing.The fishing was conducted using explosives in the general area of Kalupalama in Mannar on 25th October 2014.The arrested persons with illegal fish catch and fishing craft were handed over to the Assistant Director of the Fisheries Department in Mannar for further investigations.[mappress mapid=”14201″]Press release, Image: Sri Lanka Navy Authorities View post tag: Naval View post tag: Fishermenlast_img read more

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