When CBZ Holdings Limited became operational in June 2005, a period of intense growth through diversification began. This diversification propelled the establishment of CBZ Holdings (CBZH) as an entity poised to provide all client segments through various subsidiaries whose activities include banking, home loans, asset management, long term insurance, short term insurance, securities and properties. The various activities provided by the different subsidiaries of the group are meant to ensure that a wide range of clients’ needs are met under one roof. The products offered by CBZ Bank, the flagship of CBZ Holdings Limited include retail ban...
With the collapse of natural gas and oil prices, Trinidad and Tobago operated on a budgetary deficit to the tune of TTD3.8bn in the 2010 fiscal year. Net public sector debt is estimated at 49.4 percent of GDP, and the budget deficit is expected to grow to TTD7.7bn in 2011 while debt levels remain at just under 50 percent of GDP. If the government intends to borrow locally to meet the deficit, now is as good a time as any as interest rates are very low. The respective yields on 90–day and 180-day Treasury bills have fallen from 1.44 percent and 1.51 percent in November 2009 to a mere 0.35 percent and 0.48 percent respectively in November 201...
In July 2006, Companhia Energética de São Paulo (CESP) joined BM&FBovespa´s Corporate Governance Level One, which consists of a set of rules governing the relationship between the controlling shareholder, the board of directors, the executive board, the other company shareholders, and especially the capital markets. The adherence to BM&FBovespa’s Corporate Governance Levels better advertises the efforts of the company to improve the relationship with its investors and increases the potential for appreciation in asset value. The rules of Level One largely undertake to improve methods of disclosure to the market and to disperse t...
Mercator started 61 years ago as a Slovenian FMCG retailer. Today Mercator Group operates in seven markets in southeast Europe and has a long tradition in its core business – retail and wholesale of fast-moving consumer goods, as well as apparel, sportswear, hardware and electronics. It operates everything from large hypermarkets of more than 10,000sq m to supermarkets, convenience stores and small shops down to 100sq m, depending on the relative characteristics and needs of each local market, even on micro-location level. Currently Mercator operates more than 1,400 shops, has more than 23,000 employees, and expects revenues of €2.8bn for...
Tucked away along the eastern Mediterranean coastline, nestled at the crossroads of three continents, Syria has steadily covered ground on its ambitious development journey. Over the last decade or so, economic reforms have begun to pay dividends and the country has demonstrated that it can nurture natural growth, relying less on its dwindling oil revenues and more on the actual substance of an economy that was far behind on its own people’s needs. Economic initiatives were implemented that carved out enclaves of liberalisation and created room for private sector development after decades of central planning and stagnation. In the early sta...
Ferreyros is a Peruvian company founded in 1922 and has been a Caterpillar dealer in Peru since 1942, being today the leading distributor of capital goods in the country. It serves key economic sectors such as mining and construction, and along with the country, has grown significantly in recent years, tripling its size in revenues in the last four years to show revenues of $1bn in 2010. During 2010 Ferreyros acquired the Caterpillar dealerships in Guatemala, El Salvador and Belize after receiving an invitation from Caterpillar to service its brand in new territory. In the last few years the corporation’s activities have been related to the...
Baiduri means ‘emerald,’ the green precious stone that has been much admired and loved by many throughout history. Associated with grandeur, faithfulness and friendship, the stone has had a history as far back as 3000 BC, when they were the established gemstones in India, Egypt and Rome. It is no wonder, therefore, that the founders of Baiduri Bank felt an affinity with the stone which symbolises the Bank’s mission to provide innovative and comprehensive financial products and services to the Brunei community. Established in 1994, Baiduri Bank is a member of the Baiduri Bank Group, one of the largest providers of financial products and ...
When global crises bring financial strife to the doors of once-renowned institutions, investors look for a sure place to protect their assets. PKO Bank Polski – the leader of the Polish banking market and a rising star of European finance – can be considered a safe haven for such investors’ money. For more than 90 years it has been the symbol of the Polish banking sector, and its widely recognised brand is valued by specialists at over $1bn. It has the highest asset value in the Polish banking sector, and constant initiatives to maintain good customer relationships and persistent upgrades to product quality help the bank maintain its le...
Czechs and the Czech pension system are at a crossroads. The economic health of the national pension system has been on the decline in recent years and promises to worsen in years to come. Choices must be made and steps must be taken to divert serious threats looming in the future. The root of the problem is that the population is ageing and there will not be enough funds available in the foreseeable future, as a shrinking working population supports a growing number of pensioners. The problem is compounded by the unlikelihood of future pension levels keeping pace with increased cost of living. The outgrowth in economic terms is that pension ...
www.4xp.com 4XP foresees much on the financial front of 2011. The previous financial year really did witness a lot of ground-breaking events from the global economy. Oil prices rose from right under the eyes of traders, and currently threatens a global recession if they rise further past $100 a barrel. And what about the euro? The single currency seemed so promising and immune to the global economic crisis that we witnessed in recent years. This all came to a climax with the Greek and Irish debt crises in late 2010. The US Federal Reserve under Ben Bernanke has to top this all off with the extension of the QE2 policy. On one hand helping the ...