Now, hotels can get loans at lower rates Sep 16, 2009
The hotel segment of the tourism industry is highly capital intensive in nature and has a long gestation period. India is facing a shortage of good quality accommodation for both international as well as domestic tourists. (India Times, India -- Intl Business)
Sasol Limited Financial Results for the Year Ended 30 June 2009 Sep 14, 2009
A low level of gearing is expected to be maintained in the short-term, but we expect that it will return to within our targeted range of 20% to 40% in the medium to long term as a result of our large capital intensive growth programme. During the current year, the company repurchased a total of 3 216 769 Sasol ordinary shares at an average price of R346,45 per share. (PR Newswire)
Achimota to Ofankor The Road to Nowhere Sep 7, 2009
Infrastructure redevelopment for a nation involves capital intensive schemes, and these must be planned in a fastidious and painstaking manner with emphasis on minimising environmental and construction impacts. Such schemes must be sustainable and encourage social progress which recognises the needs of everyone. (Ghana Web, Ghana)
The One Stock You Must Buy Sep 3, 2009
Yes and no. While Altera has a strong balance sheet and business that generates healthy cash flow, AMD -- due to the capital intensive nature of its business and competition with Intel (Nasdaq: INTC) -- swung to an operating loss in 2007 and 2008, and the company continues to spend significantly on capital expenditures. Do they have wide market opportunities. (MSNBC -- Business)
Japan's Kyushu University Selects Intergraph(R) SmartMarine(R) 3D Design and Engineering Software for Education Program Sep 3, 2009
Gerhard Sallinger, Intergraph Process, Power and Marine president, said, "We are honored to have an institution of Kyushu University's caliber select SmartMarine 3D. SmartMarine 3D was created by shipbuilders, and is the first new design technology introduced to this market in 20 years. Kyushu's choice of Intergraph is another validation of our industry-leading shipbuilding design solutions position and an important step in the continued expansion of Intergraph's marine presence in Japan. About... (PR Newswire)
Eric Johnston Sour taste of wealth lingers Aug 31, 2009
In Australia, growth in wealth remains underpinned by compulsory superannuation, while returns strike a higher margin than banking, as it it remains less capital intensive. But after the pummelling global sharemarkets took, the earnings of wealth assets are depressed, as are their share prices. (Sydney Morning Herald -- Business)
Nuclear Energy, not a better Alternative Aug 29, 2009
We should also look at its expensive method of disposing spent fuel, capital intensive management of its liquid effluent and curie products; these are not one time investment cost but daily operational cost. After investing all these huge some of money, what we should be asking ourselves is how we are going to recover cost, in other words, who is going to buy the ten thousand (10000 MW) of power to be produce by this proposed nuclear plant. (Ghana Web, Ghana)
Chinese steel giant takes stake in Aquila Aug 28, 2009
"They are going to be a supportive shareholder and will help Aquila source funding over time for what is a pretty capital intensive development pipeline," Patersons Securities analyst Alex Passmore. jumped 60 cents, or 9. (Sydney Morning Herald -- Business)
China's Baosteel Buys 15% Stake in Australian Iron Ore, Coal Miner Aquila Aug 28, 2009
They are going to be a supportive shareholder and will help Aquila source funding over time for what is a pretty capital intensive development pipeline, , head of metals and mining research at Patersons Securities Ltd. in Perth, said today by phone. Aquilas share of capital spending for its three biggest projects, including West Pilbara iron ore, is about A$2. (Bloomberg -- Australia & New Zealand)
Textile cos' profit margins improve Aug 17, 2009
This has raised the hopes for a turnaround of this capital intensive industry as textile makers brace themselves to take advantage of the capacity expansion undertaken in the last few years. An analysis of the financial performance of 11 listed companies from the sector shows that in quarter ending March 2009 the sample companies moved away from negative operating profits. (India Times)
First Uranium reports results for Q1 2010 - Receives approval of "new order" mining rights for its mine waste solutions operation Aug 15, 2009
Total assets primarily comprise property, plant and equipment, reflecting the capital intensive projects at the Ezulwini Mine and MWS, and cash and cash equivalents. The 13% increase in total assets represents an increase in cash as a result of the Bought Deal in June 2009, an increase in other current assets related to the increase in production at the Ezulwini Mine and an increase in property, plant and equipment as a result of the capital projects at both operations. (PR Newswire)
Tanzania: Create Environment for Viable Investment [editorial] Aug 15, 2009
There is a limit as to what cash benefits the Government can extract from such investments, which are capital intensive. And moreover with weak accountability in the public sector, it is difficult to ensure that government revenues are effectively harnessed. (allAfrica.com)
Field tested: Dunn County UW-Extension's ag chief heads for 'green pastures' of retirement Aug 10, 2009
Dairying is so capital intensive, he explained. Consequently, it is very difficult for a young couple to start farming unless a farm is passed from one generation to the next. (Menomonie Dunn County News, WI)
GMX Resources Inc. Announces Letter of Intent With Kinder Morgan for Interest in Pipeline; Reports Second Quarter 2009 Financial and Operating Results and Guidance; and Announces Resolution of SEC Comment Letter Aug 4, 2009
" GMXR Second Quarter 2009 Earnings Conference Call GMXR has scheduled a conference call for Tuesday, August 4, 2009 at 10:00 a.m. CDT (11:00 a.m. EDT) to discuss second quarter 2009 financial and operating results. To access the call, dial 877.795.3647 or 719.325.4907 before the call begins. A replay of the call will be available after 2:00 PM, August 4, 2009. To access the replay, please dial 888.203.1112 or 719.457.0820 and reference passcode 1340685. The corporate presentation being used for... (Primezone Releases)
A bogey is being raised to bail out RIL Jul 31, 2009
Further, with new tax breaks recently announced, the entire cost of setting up the gas pipeline network has been allowed to be written off in the very first year a unique benefit not given to any other capital intensive sector. It is only fair that the benefits of these tax breaks be passed on, and gas transportation costs be reduced. (India Times, India)
General Maritime Corporation Announces Second Quarter and Six Months 2009 Financial Results Jul 30, 2009
The Company believes that EBITDA is useful to investors as the shipping industry is capital intensive which often brings significant cost of financing. EBITDA is not an item recognized by GAAP, and should not be considered as an alternative to net income, operating income or any other indicator of a company's operating performance required by GAAP. The definition of EBITDA used here may not be comparable to that used by other companies. (PR Newswire)
U.S. and India Renewable Energy Partnership Can Ameliorate Global 'Climate Change' Issues Jul 28, 2009
The costs of commodities such as iron, steel, cement, and concrete, as well as the capital costs of energy equipment and facilities, all have increased substantially in the past few years; and because nuclear plants tend to be more capital intensive than fossil fuel generators, these cost increases tended to make nuclear power less competitive despite the recent surge in fossil fuel prices. In at least three countries -- the United States, India and China -- nuclear power currently is positioned... (Energy Pulse, CO)
Exelon drops pursuit of NRG Jul 23, 2009
Though the ratings agency said NRG s operating and financial performance have been strong, low commodity prices, the potentially capital intensive Reliant retail acquisition and the $700 million of debt issued to unwind a Merrill Lynch credit sleeve may affect Fitch's recovery estimates for the company. Reader Comments. (Houston Business Journal, TX)
Kenya: Govt to Register Cellphone Users to Curb Crime Jul 22, 2009
He said that in the 2009/10 financial year, the government has given numerous incentives to the ICT sub-sector by lowering taxes and giving rebates on key capital intensive investment areas and asked the industry to take advantage of the situation. Key pillar. (allAfrica.com)
NAHCO Grounds, Releases Virgin Nigeria's Flight Jul 19, 2009
His words: "It was unfortunate that the matter degenerated to that extent despite repeated verbal and written appeals to Virgin Nigeria to pay the debts. We appreciate Virgin's current challenges and are ready to partner with them to succeed. But we have a business to run and we are accountable to our over 80,000 shareholders. "We run a highly capital intensive business where purchase and maintenance of ground handling equipment and other transactions are not only done on cash and carry basis,... (Guardian News, Nigeria)
Govt plans N500b stimulus for industry Jul 17, 2009
" Also yesterday, the Nigerian Customs Service (NCS) said smuggling had become difficult to check because of the involvement of privileged citizens and poor facilities for the operations by its personnel. The Director-General of the Standards Organisation of Nigeria (SON), Dr. John Akanya, raised the stake, when he told the House Committee on Industries that his life was being threatened by persons opposed to his efforts to stem the importation of fake products into the country. NCS Comptroller... (Guardian News, Nigeria)
Turbulence in Air India Jul 17, 2009
Aviation is a capital intensive and high fixed cost business, which makes it that much more vulnerable to economic/business cycles. More so as Air India is also saddled with over 31,000 employee, about 230 per aircraft a far cry from the norm of 150 for most full-service carriers. (India Times)
Australian report shows benefits of trade liberalisation Jul 17, 2009
The trend in manufacturing towards capital intensive and export-oriented goods resulted in changes to manufacturing employment, with a 60 percent rise in skilled and managerial positions and a 15 percent drop in manual and production workers. Overall, the report concludes that lower levels of industry assistance produced "a more dynamic manufacturing sector". (Business Report, South Africa)
UBA Leads Exxon Mobil/NNPC U.S. $265 Million Upstream Financing Jul 17, 2009
UBA a leading participant in the funding of capital intensive upstream oil and gas projects provided the underwriting for the new facility to bridge receipt of cash subscriptions from other Nigerian banks. The success of the NNPC/Mobil project will provide crucial validation for the Federal Government of Nigeria's commercial approach to funding of its oil and gas JV projects, rather than dependence on budget provisions. (allAfrica.com)
Egg producer LTKM bullish on glass production venture Jul 17, 2009
Tan said the decision to diversify into glass-making was partly because the egg production business was capital intensive and had become saturated. The capital return is slow and production costs are high. (The Star Online, Malaysia -- Business)
Analyst: P&G may seek to buy beauty-care company Jul 14, 2009
In particular, the shift from a capital intensive on-premise to an ondemand (internet/cloud computing) structure is creating competitive challenges for existing players as non-traditional enterprise apps vendors such as Google and Yahoo. enter the market and several smaller vendors seek to stake a claim. (Fresno Bee -- Business)
Canada's Geothermal Potential: Learning from the U.S. Jul 11, 2009
" Ken MacLeod, President and CEO of Western GeoPower, notes that the Canadian incentive only applies when a facility is in production and that while there are both federal and provincial incentives to develop "technologies" to deal with greenhouse gas emissions, there is nothing to support exploration for green resources. "Yes, this is a very capital intensive proposition," MacLeod acknowledges. "Western GeoPower has invested more than $30 million since acquiring the South Meager lease in 2003... (Energy Pulse, CO)
> DCL in Fremont is a key link in supply chain Jul 9, 2009
That business is very capital intensive, and a company has to be a big player to make money on it, Tu said. TOUGHEST BUSINESS DECISION: Reinventing DisCopyLabs into DCL. In 1992 the company was copying 50 million floppy disks. (San Jose Business Journal, CA)
Gazprom Seeks African, Caspian Supplies to Build Gas Grid Circling Europe Jul 3, 2009
Gazprom Seeks Global Deals to Build Gas Grid Encircling Europe - Bloomberg. Updated: New York, Jul 03 04:05 London, Jul 03 09:05 Tokyo, Jul 03 17:05. (Bloomberg)
Gambia: Bravo Local Women [editorial] Jun 17, 2009
Today, visit any part of this country and you will find women in agricultural production, in petty trading ventures, local manufacturing industries and even in capital intensive investments, all of this geared towards their efforts in ensuring the realization of the aspirations of the president in transforming this country into a Silicon Valley. Relevant Links. (allAfrica.com)
The Incredible Windmill Wonderland Jun 16, 2009
Wind is labor and capital intensive and the Federal Government ha 00004000 s taken a keen interest in through that fast-tracks construction on big complexes. A warm fuzzy hug from the Fed gives venture capitalists the security necessary to finance this uncharted American windmill wonderland. (CBS News -- Sci/Tech)
Manufacturing Methodology: Influenc... Jun 5, 2009
Manufacturing started as handicrafts by skilled craftsmen and has now become mainly a capital intensive activity that uses plant and machinery. Manufacturing Methodologies: Job, Batch and Continuous. (Suite101.com)
Apple Plans First East Coast Data Center Jun 4, 2009
The announcement follows Governor Perdue's signing of a bill on Wednesday morning which modifies the way corporate income tax liability is calculated for capital intensive businesses in North Carolina, the Governor's office said in its statement. Apple sells Mac computers and popular gadgets like the iPod music player and the iPhone. (ABC News -- Wire)
Hanover's Business of the Month interview: Kahian's ApplianceOne & HDTV Jun 2, 2009
The appliance business is a very capital intensive business. We own almost our entire inventory. (Hanover Mariner, MA)
China's sky-high growth does not tell the full story Jun 2, 2009
Apartment blocks and freeways are capital intensive. They consume steel, cement, aluminium, chemicals and electricity. (Sydney Morning Herald -- Business)
All Ears On Earnings May 31, 2009
Cable operators successfully lobbied analysts and the financial press in the 1980s to value them on an earnings before interest, taxes, depreciation and amortization (EBITDA, a measure of cash flow) basis, mainly because the industry was so capital intensive. They argued that the billions spent on system upgrades did not reflect the actual performance i.e. the cash coming in the front door of most cable operators. (Multichannel News)
Highwoods sells retail centers for $62.1M May 30, 2009
In addition, by selling these older, capital intensive retail centers, we are avoiding over $3 million in building improvements that would have been incurred over the next two years. Our 2. (Triangle Business Journal)
Marcus Theatres® North Shore Cinema Renovations Complete May 22, 2009
Such forward-looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, including, but not limited to, the following: (1) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division, as well as other industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution... (Yahoo! Wire -- Entertainment News)
/C O R R E C T I O N -- Paragon Shipping Inc/ May 20, 2009
The Company believes that EBITDA is useful to investors, because the shipping industry is capital intensive and may involve significant financing costs ... The Company believes that EBITDA is useful to investors, because the shipping industry is capital intensive and may involve significant financing costs. (PR Newswire)
Canadian Hydro Announces Results for the First Quarter Ended March 31, 2009 May 14, 2009
We have a capital intensive business with a multi-year growth horizon. Interest costs incurred as a result of our capital program are capitalized to the project during the construction phase and are part of the estimated capital costs for the project. (CCNMatthews Press Releases)
Youth in Agric programme will succeed May 7, 2009
He suggested to the youth in the region to pursue less capital intensive agriculture activities such as mushroom farming, snail rearing and bee-keeping and others like them. Mr Ocloo explained that such agricultural activities, apart from the little capital required to get them started, had shorter gestation periods with high income-generating potentials. (Ghana Web, Ghana)
Tisei: Mass. business climate hits low point May 7, 2009
AIM believes there are two Massachusetts, citing a disparity between the emerging, research and development-driven businesses that are venture capital intensive and the more established types of businesses that have greater potential as job creation engines. AIM makes the argument that the state should focus on both types of businesses and address costs that can be controlled, which is good for all businesses. (Stoneham Sun, MA)
Oracle Announces General Availability of Oracle(R) Communications Unified Inventory Management 7.1 May 6, 2009
The application enables true inventory federation through a federation framework that allows integration and collaboration with external inventory systems without requiring capital intensive data migration and/or consolidation, or a risky complete inventory system transformation. Further, Oracle Communications Unified Inventory Management 7. (PR Newswire)
ADB keen to share Malaysias experience May 4, 2009
Going forward, he said Malaysia was transforming its economy from mixed labour and capital intensive to value-added economy, and was introducing further economic liberalisation. Malaysia also wishes to strengthen its bilateral and multilateral cooperation, which is in line with our development philosophy of mutual benefit, Husni said. (The Star Online, Malaysia -- Business)
A partnership built on trust May 4, 2009
The venture would be capital intensive with the basic equipment set-up costing about RM1mil to RM2mil, he said. The duo are upbeat about the prospects of the business saying they are currently talking to some potential partners and looking for strategic parties who know the industry. (The Star Online, Malaysia -- Business)
Cash kitty to help IT companies tide over crisis May 1, 2009
The reserves and surplus account of an IT company mainly represents liquid assets since the sector is not capital intensive unlike manufacturing companies. For IT companies, it means huge cash, says investment advisor SP Tulsian. (India Times)
10 Changes That Are Transforming The Energy Markets For Industrial and Commercial Energy Users In Brazil Apr 29, 2009
Energy management systems, retrofitting, on-peak generation, and load base cogeneration are alternatives that offer a wide variety of investment options (from low-cost-or-no-cost to capital intensive) for almost every pocket size. Given the increasing power costs in Brazil these physical projects have become more attractive than ever. (Energy Pulse, CO)
Capital-Intensive Cleantech Innovations May Lose out in Battle to Secure Funding Apr 28, 2009
Conversely, grandiose, capital intensive projects are likely to receive less attention. Innovations which enhance, rather than replace, existing infrastructures look particularly well placed. (PR Newswire)
SES ASTRA and Yahsat Start Middle East Satellite Company Apr 20, 2009
Yahsat is owned by Mubadala Development Company, an investment firm that is helping to diversify Abu Dhabis economy through capital intensive investments and by building businesses. Mubadala establishes new companiesand acquires strategic holdings in existing companies, either in the UAE or abroad. (Yahoo! Wire -- Entertainment News)
Business tax could be cut again (73) Apr 18, 2009
"The logging industry is very capital intensive." But opponents, led by the governor's office, said the proposal gives too large a break to nonresident corporations. Eric Stern, senior counselor to the governor, said the governor's office is developing its own plan for lowering the equipment tax, and said it will cost the treasury less by withholding benefit to large, out-of-state corporations. (Montana Standard, MT)
Bidding for oil Apr 13, 2009
The fact remains that Eils high risks and is capital intensive. And to commit upfront on an extensive works programme may well mean compounding the risks. (India Times)
Builders may securitise road projects Apr 13, 2009
As the road projects are highly capital intensive, bidding for long stretches at frequent intervals often becomes difficult for developers with limited cash flows. Read business stories in. (India Times)
Ailing ostriches drive home listless picture of agriculture reform policy Apr 12, 2009
" Agri SA, the commercial farmers' union, said new farmers often struggled to survive because of the difficulties in securing finance for their operations. "It is very often not their mistake that the farm collapses, it is because of the administrative red tape in the department," said union vice-president Theo de Jager. In 1994, 87 percent of the country's arable land was white-owned. The government plans to redistribute 30 percent of it to black or coloured farmers by 2015. But as the country... (Business Report, South Africa)
Malawi: Investing in Africa's Agriculture to Achieve Global Food Security [interview] Apr 8, 2009
It tends to be more capital intensive because the infrastructure and service support is not there as it would be outside Africa. Labour shortage is a problem from time to time and there is a continual need to train the workforce to ensure that we have a reservoir of skilled labour / managers for the future. (allAfrica.com)
Micron Enviro Systems, Inc.: Corporate Update Apr 6, 2009
Since the price of oil dropped drastically, the focus of the Company has shifted to assets that may not be as capital intensive to bring to production. That being said, if the prices of oil increase then the Oil Sands leases may be more viable for development, joint venture or possibly an outright sale. (CCNMatthews Press Releases)
U.S.$ 55.8 Million Loan for Markets and Trade Improvement Project Mar 26, 2009
The project is in line with the Memorandum of Understanding between the Bank and other development partners in Uganda to fund capital intensive hardware infrastructure-related development initiatives, with other donor agencies undertaking the software services. It also fits well with the Bank's Medium Term Strategy and the Africa Food Crisis Response (AFCR) initiative, which is geared towards increased food production, reduction of post-harvest losses and increased productivity in the short,... (allAfrica.com)
Suncor-Petrocan tout ‘national champion' Mar 25, 2009
The making of a new, oil-sands focused national champion is crucial to ensure that a Canadian company is able to play in the capital intensive world of the sands, which is becoming an increasing focus for foreign behemoths such as BP PLC, Suncor chief executive officer Rick George and Petro-Canada head Ron Brenneman told the Globe and Mail editorial board Tuesday. With the oil sands being the second-largest oil basin in the world, if you don't have some very strong companies that can actually... (Globe and Mail)
The One Stock You Must Buy Mar 21, 2009
Yes and no. While Altera has a strong balance sheet and business that generates healthy cash flow, AMD -- due to the capital intensive nature of its business and competition with Intel (Nasdaq: INTC) -- swung to an operating loss in 2007 and 2008, and the company continues to spend significantly on capital expenditures. Do they have wide market opportunities. (MSNBC -- Business)
Re: Upper and Northern Regions: Stop blaming Gov't II Mar 17, 2009
There are lots of self-help projects in the north, but it is impossible to expect low income communities such as occurs in the north and elsewhere in Ghana to contribute to such capital intensive infrastructure projects on a sustainable basis. No one should think I dismiss the negative role of conflicts to development, but for some people to argue that all conflicts must end before development is pursued in the north does not make sense. (Ghana Web, Ghana)
Premier's PJ party over Mar 17, 2009
Premier would look to returning to selling its pyjamas over the internet, or through US department stores, options which would be less capital intensive. Mr Murray said the retail market in California was "not just bad" but "dire" and the company had "just walked into a storm in the US". (Sydney Morning Herald -- Business)
A worthwhile venture for oil palm players Mar 10, 2009
So, is the high capital intensive nature of the business the crux to most local players reluctance to venture into CDM projects. Perhaps this is true but only to a certain extent. (The Star Online, Malaysia -- Business)
Bill would open stem cell funds up to all Md. biotechs Mar 2, 2009
Biotech research is capital intensive and can take a decade or more before there is any payoff, making investors shy away from risky investments during an uncertain economic climate. State funds have become all the more crucial to make up for the lack of private funding. (Baltimore Business Journal, MD)
When politics weigh on investment decisions Mar 1, 2009
Drop a capital intensive project that has few linkages to the local economy into a poor province and the local impact is minimal, said one expert on the Vietnamese economy, who declined to be named due to concern of repercussions for airing views that run counter to the party line. Meanwhile, the distance from the oil is so great that the refining margins are likely to be negative. (Globe and Mail -- Business)
Bolivia pins hopes on lithium, electric vehicles Mar 1, 2009
Battery-making is capital intensive, highly automated, produces few jobs and requires nearly the same precision as the semiconductor industry. Also, auto manufacturers generally want batteries made near their assembly plants. (Anchorage Daily News)
Local auto dealers watch costs Feb 28, 2009
McCormick agreed that his industry is a very capital intensive industry, meaning dealers need to have liquid assets on hand just to operate, and if a dealer were to get too much cash tied up in inventory it could be the end of their business. "These banks have very little temperature right now for people who aren't operating efficiently," McCormick said. (Pocatello Idaho State Journal, ID)
