Chiloquin mayor resigns, closes juniper businessMark Cobb said he can't afford mandatory fire safety improvements Nov 4, 2009
Kirk O wrote on Nov 3, 2009 1:16 PM:" In an area where local businesses are needed, local employers are sought (supposedly) and our communities are suffering... is this what we allow to happen?If there are funds, if there are community development processes... THESE are the situations that require focus. These are the areas where capital expenditure benefits a community, regardless of the arguments that would be launched against "assisting" an individual.This is the kind of thing we need to be... (Klamath Falls Herald & News, OR)
Fairborne Energy Ltd. Announces 2009 Third Quarter Financial and Operating Results Nov 4, 2009
Consistent with 2009, Fairborne's capital expenditure program in 2010 will be funded substantially within funds generated from operations ... We will continue to pursue a carefully designed capital expenditure program, including acquisitions and dispositions, which allow us to add production, reserves and cash flow in a cost effective manner while maintaining a level of flexibility in our balance sheet ... Management's assessment of future plans and operations, drilling plans and the timing... (CCNMatthews Press Releases)
Coca-Cola Amatil reports solid third-quarter revenue growth Nov 4, 2009
Capital expenditure in 2009 would be about 7. 5 per cent of revenue before CCA lifts capital expenditure in 2010 to 8. (Sydney Morning Herald -- Business)
Samsung triples Q3 profit on better chip ASPs Oct 31, 2009
Samsung said it expects consolidated capital expenditure for 2009 to reach 7 trillion won ($5. 9 billion), including 4 trillion for semiconductor and 2 trillion for LCD, more than initially planned. (EETimes)
Buttonwood: Bribing the markets Oct 30, 2009
Consumers delay their spending plans; companies halt their capital expenditure. In Keynes s words, animal spirits are depressed. (The Economist)
Analysis: SABMiller gives new meaning to home-brewing in Africa Oct 30, 2009
SABMiller's multibillion-rand capital expenditure programme is an ambitious attempt to formalise this market. Much of its marketing efforts, at individual country level, attempt to draw low-income consumers who are traditionally home-brew drinkers into consumption of "affordable" lager beer. (Business Report, South Africa)
Nomura expects earnings upgrades to continue Oct 30, 2009
Apart from the strong recovery in 00004000 the industrial and capital expenditure cycles, the growth in profits should also be aided by the favourable base effect in the coming quarters, Nomura said in a report which takes a first look at earnings. A sample of 139 companies from the BSE 500 index that have reported 2Q FY10 results thus far reveals that net sales have increased by 3. (India Times)
OceanaGold Third Quarter 2009 Management Discussion & Analysis Oct 29, 2009
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICE. MELBOURNE, Australia, Oct. 29 /CNW. (Canada Newswire)
3G fee to get capital assets status, linked tax incentives Oct 29, 2009
When contacted, a top DoT official said that the finmin had indicated that it was favourable towards treating the winning bid amount as capital expenditure. We are yet to get an official communication from the finmin stating that this proposal has been cleared, the DoT official added. (India Times)
GAIL net slips 30%, to raise Rs 500 crore Oct 29, 2009
NEW DELHI: GAIL will raise Rs 500 crore through bonds in December to fund capital expenditure, even as falling margins on petrochemicals and liquid hydrocarbons combined with subsidy burden squeezed the state-run gas utility's net by 30% in the second quarter ... GAIL will raise Rs 500 crore through bonds in December to fund capital expenditure, even as falling margins on petrochemicals and liquid hydrocarbons combined with subsidy burden squeezed the state-run gas utility's net by 30% in the... (India Times, India -- Intl Business)
Digi raises the ante Oct 29, 2009
Such funds will be used for capital expenditure and repayments to shareholders ... DiGi estimates it will spend around RM700mil in capital expenditure this year, with the bulk of this on its 3G network. (The Star Online, Malaysia -- Business)
BP earnings beat Wall Street forecasts Oct 28, 2009
The reductions appear not to be at the expense of investments, with BP hinting at higher than earlier indicated capital expenditure for this year. Cost cuttingRivals, including Shell, which reports on Thursday, have also put cost-cutting at the center of their strategy. (MSNBC -- Business)
Real property gains tax and green tech incentives Oct 27, 2009
As a measure to encourage the construction of buildings using green technology, it is proposed that the owners of buildings awarded the GBI certificate be given exemption equivalent to 100% of the additional capital expenditure incurred to obtain the GBI certificate. This incentive is applicable on new buildings and upgrading of existing buildings. (The Star Online, Malaysia -- Business)
Tenaga Nasional projects better profit Oct 27, 2009
The company has forecast FY10 capital expenditure at RM4bil to RM5bil. TENAGA. (The Star Online, Malaysia -- Business)
* Business Quick Take Oct 25, 2009
ELECTRONICS ASE may lift expenditures Advanced Semiconductor Engineering Inc (ASE, b), the worlds biggest chip packaging and testing company, may raise its capital expenditure to US$400 million next year because of demand from clients such as Taiwan Semiconductor Manufacturing Co (xnq), the Chinese-language Commercial Times reported, without saying where it got its information. Siliconware Precision Industries Co (~K), the second-biggest chip packager and tester, will... (Taipei Times, Taiwan -- Sports)
Property gains tax makes comeback Oct 24, 2009
Meanwhile, to encourage green technology in the property sector, building owners obtaining Green Building Index (GBI) Certificates from Oct 24 until Dec 31 will be given income tax exemption equivalent to the additional capital expenditure in obtaining such certificates. Those purchasing buildings with GBI certificates from developers will be given stamp duty exemption on instruments of transfer of ownership. (The Star Online, Malaysia -- Business)
Stora Enso Interim Review January-September 2009 Oct 22, 2009
-- EUR 216 million cash flow after capital expenditure: strongest quarter since fourth quarter of 2006 -- Improved EUR 132 million operating profit excluding NRI and fair valuations; includes EUR -28 million non-cash impact from 2003-2009 wood supply inventory error -- EUR 655 million non-recurring items, including EUR 71 million future cash impact, due to earlier announced impairment and restructuring costs -- Market outlook remains weak for fourth quarter of 2009 Summary of Third Quarter... (Primezone Releases)
How to detect early financial warnings in companies Oct 21, 2009
The capital expenditure requirements were well above the companies borrowing capacities. Besides, the time required to turn the projects into profits might be too long. Nevertheless, as a result of the announcements, the stock prices would surge and normally, the main sellers behind might be the key owners. (The Star Online, Malaysia -- Business)
Profitable, less leveraged firms gain more as markets rebound Oct 21, 2009
The report, which studies companies in the MSCI Global Index, points out the ratio of capital expenditure (capex) to revenue dropped for the first time in five years last year as sales declined across all sectors. The cutback in capex was disproportionately concentrated among the most capital-intensive companies within their sectors, with equity markets rewarding firms that maintained above-median capex levels throughout the crisis, with a 0. (The Star Online, Malaysia -- Business)
Eskom must raise debt to spread cost of expansion fairly Oct 20, 2009
Eskom's understandably inadequate balance sheet, given the scale of its capital expenditure programme, should not be allowed to influence electricity prices ... It appears that a vast capital expenditure programme by a government agency to produce electricity over the next 30 years is to be funded to a large and unnecessary degree from current consumers. (Business Report, South Africa)
Coega 'collapse' cheered Oct 19, 2009
"The details of these deals are still hidden away from public scrutiny, despite the public being asked to bear 45 percent annual increases over the next three years. Earthlife Africa's research had concluded that Eskom could not be a self-funding utility. Nor could it internally finance capital expenditure unless industrial tariffs were raised and the practice of selling below cost of production was halted. "To do this, the contracts between Eskom and its intensive users (inside and outside the... (iAfrica.com)
Shift in video rental habits increases retail vacancies Oct 19, 2009
These empty stores are becoming a capital expenditure for property owners, since many will have to be remodeled and reconfigured to attract new tenants, Wald said. According to Charlie Wolf, senior analyst of digital lifestyle at Needham & Co., a New York-based investment banking and asset management firm, Blockbuster Inc. is grappling with sizable debt along with stiff competition from Redbox and Netflix. (San Jose Business Journal, CA)
High CPO price hurting biodiesel industry Oct 14, 2009
To settle this issue amicably, the Government will need to fork out a reasonable level of capital expenditure for the setting up of more mixing depots nationwide. For now, the Klang Valley supply depot is used as the nerve centre to blend the B5 and distribute it to various sub-depots at government agencies like the Kuala Lumpur City Hall and the Defence, Works and Health Ministries. (The Star Online, Malaysia -- Business)
Chinese auto companies get scent of Indian market Oct 14, 2009
Chinese automakers have grown by adopting practical and frugal strategies when deciding capital expenditure on their plants: Many facilities have manual assembly lines, developed at a low cost, that deliver quality and productivity. Some analysts say that China will be, in the next decade, what Japan was to the auto industry in the 1980s and South Korea in the 1990s, said an auto analyst at a Mumbai-based brokerage. (India Times)
Dressed to sell Oct 14, 2009
This will require capital expenditure, increase competition and put pressure on profits. Consumer spending held up well throughout the financial crisis and the outlook is better than expected, all of which supports the outlook for growth. (Sydney Morning Herald -- Business)
Govt’s biodiesel programme hits a speedbump Oct 13, 2009
This is particularly so in terms of capex (capital expenditure) needed to support the sustainability of palm biodiesel and the survival of the struggling local biodiesel producers, the source said. The source also said the Government needed to quickly iron out the biodiesel payment mechanism either via the automatic price mechanism (APM) to be regulated by the Finance Ministry based on reports from petroleum companies or the direct contract method, whereby payment is made based on reports from... (The Star Online, Malaysia -- Business)
SouthGobi Energy Resources Increases Its NI 43-101 Compliant Measured and Indicated Coal Resource Base in Mongolia by 39% From 221.2 Million Tonnes to 307.6 Million Tonnes Oct 13, 2009
As SouthGobi progressed with efforts to prepare for the mining and shipment of the targeted 30,000 tonne trial cargo from Mamahak, the company became aware of the requirement for additional capital expenditure beyond what was originally budgeted to develop the project. With that in mind, SouthGobi has determined to suspend further development works at Mamahak pending a more detailed operational review. (CCNMatthews Press Releases)
Massmart to spend R380 million on expansion Oct 10, 2009
Massmart said it would use half of its planned R760 million capital expenditure for 2010 on acquisitions and new stores and the other half on maintaining current operations, chief executive Grant Pattison told Reuters in an interview. "We typically acquiring large independent retailers who service the lower income groups in food retail", but could not name the targets. (Business Report, South Africa)
SA's power 'cheap'? Oct 10, 2009
Eskom was engaged in a capital expenditure programme of R385-billion. "This is four times the size of the Gautrain project," he said. (iAfrica.com)
Pioneer Drilling credit facility amended Oct 7, 2009
Separately, Pioneer s Board of Directors has approved an increase for the company s 2009 capital expenditure budget from $65. 2 million to $80. (San Antonio Business Journal, TX)
A special pharmacy Oct 7, 2009
Largest capital expenditure: This year, Todoro will spend about $18,000 to upgrade a software system for clients that allows for digital prescriptions. An electronic order system comes next. (Buffalo Business First, NY)
Economists expect cuts in Government operating expenditure Oct 1, 2009
The Government will need to look into areas where they can reduce operating expenditure, in other words theyll need to trim down the excesses and be focused on the spending, Lee said, noting that as revenues would be affected by the economic slump, there was a need to cut back on its commitments via lower expenses and capital expenditure. Kenanga Investment Bank Bhd economist Wan Suhaimie Saidi said the Governments move to cut back on operating expenditure could be in anticipation of... (The Star Online, Malaysia -- Business)
Running out of road Sep 30, 2009
This is the case for the part of the economy focused on production - as typically order volumes rise, prices of certain goods rise, investments in capital expenditure rise before finally factories start employing more people; but it is incorrect for the consumption part of the economy. For the US and certain countries in Western Europe (Britain, France, Spain and so on), consumption is typically over half to three-quarters of total GDP; and to the extent that jobless people don't tend to spend a... (Asia Times Online)
Press Release: Statement by an IMF Staff Mission to Benin Sep 30, 2009
"The global economic crisis has adversely affected the near term prospects of the Beninese economy. Real GDP growth is projected to slow to 2.5 percent in 2009, a decline from 5.0 percent in 2008 due to the weak prospects for cotton and trade with neighboring countries. Inflation has declined because of lower agricultural prices, thanks to a good cereal harvest, and lower international food and fuel prices. On the other hand, the external current account deficit, excluding grants, is expected to... (IMF News)
PBC sets up subsidiary company to deal in Shea butter Sep 26, 2009
He said the government, a majority shareholder in the company, would assist management to contract a 10-million-dollar loan to finance the Shea processing plant, capital expenditure and other logistics. Referring to a recent United States Agency for International Development (USAID) report, Nana Aye Kusi expressed concern about Ghana's Shea kernels that had high concentration of Shea butter but only 58 per cent of Shea nuts were either collected or utilised. (Ghana Web, Ghana)
Osisko Mining Corporation Enters Into Financing Agreement With CPPIB Credit Investments Inc. Sep 25, 2009
Sean Roosen, President and CEO of Osisko, commenting on the agreement, noted: "We are pleased to have CPPIB as a financial partner in establishing Osisko as a premier intermediate gold producer. This financial package allows us to fulfill the terms of the previously announced Societe generale de financement du Quebec financing agreement and completes the funding requirements to build the Canadian Malartic project. The discretionary tranche of the agreement will allow the Company to meet... (CCNMatthews Press Releases)
Cipla mops up Rs 671 cr through QIP Sep 24, 2009
A person close to the company said Cipla would require capital expenditure of around Rs 600 crore this financial year and the companys debt stands at Rs 940 crore. Around Rs 920 crore of debt is repayable this year. (India Times)
How to analyse an annual report Sep 23, 2009
Most companies need to increase borrowings to support their capital expenditure on any business expansion. However, if a company has been increasing its borrowings each year and the level has far exceeded one to two times the shareholders funds, unless its operating activities are able to support the repayments, the company faces very high financial risk. (The Star Online, Malaysia -- Business)
Tomyn Office Park, LLC Has Selected PrismOne to Provide Multi-phased Technology Services Sep 21, 2009
PrismOne solutions significantly minimize or remove technology capital expenditure, driving savings to the bottom line while maximizing flexibility and efficiency. The company has enjoyed rapid growth with no external marketing over the past two years and PrismOne intends to take advantage of the capital in the equity markets to enhance scalability of the company model. (Primezone Releases)
Opposition 'must back' funds call Sep 20, 2009
A significant first step would be for other parties to endorse our call for a further acceleration of capital expenditure ... "A significant first step would be for other parties to endorse our call for a further acceleration of capital expenditure," he said. (BBC News -- UK)
Wondering what a gaming company is up to by entering telco sector? Sep 18, 2009
Surin is excited about the prospects the telecoms sector holds despite the huge capital expenditure needed and the long gestation periods. In fact, he has been involved in the sector via his effective 17% stake in Thailands Shin Corp.. (The Star Online, Malaysia -- Business)
GRF Board and Finance Committee review options on 2010 budget Sep 17, 2009
The newspaper serving the senior adult community of Rossmoor. For more information, go to the Web site at. (Walnut Creek Rossmoor News, CA)
Sasol Limited Financial Results for the Year Ended 30 June 2009 Sep 14, 2009
"Our strong cash position was enhanced by the cash conservation approach instituted last October at the onset of the global economic crisis. We have reprioritised capital expenditure for the next two years to about R15 billion per annum. We continue to maintain a flexible approach to our capital expenditure programme, ensuring that our pipeline of growth projects is not affected, and our investment in growth continues unabated. Signs of economic recovery are visible with improved market... (PR Newswire)
Sigma posts 5% first-half profit growth Sep 14, 2009
Sigma remains on track to deliver a $100 million reduction in capital expenditure for the full year, it said. The group has completed the institutional component of a $297 million capital raising launched last week. (Sydney Morning Herald -- Business)
Pipavav Shipyard's IPO price band appears high Sep 14, 2009
2 crore from the IPO proceeds to fund the balance capital expenditure. In addition, Pipavav needs working capital of Rs 429 crore and plans to utilise Rs 244 crore from the IPO proceeds to meet this requirement. (India Times)
South Korea showsrecovery skills Sep 11, 2009
To be sure, the continuing standoff of the international community with North Korea weighs upon political risk on the peninsula, but it is unused capacity and the contingency of the recovery rather than political risk that keeps firms from laying out capital expenditure for new investments. Bloomberg News reports that Fitch Ratings, impressed with how resilient the country's banking system has shows itself, has raised South Korea's credit-rating outlook from "negative" to "stable". (Asia Times Online)
Harry Winston Diamond Corporation Announces Second Quarter Fiscal 2010 Results Sep 11, 2009
Forward-looking information may relate to management's future outlook and anticipated events or results, and may include statements or information regarding plans, timelines and targets for construction, mining, development, production and exploration activities at the Diavik Diamond Mine, future mining and processing at the Diavik Diamond Mine, projected capital expenditure requirements and the funding thereof, liquidity and working capital requirements and sources, estimated reserves and... (PR Newswire)
Special Town Meeting set for Oct. 19 Sep 10, 2009
Awarded the bid for the 4-wheel drive front end loader waste handling arrangement to Milton-CAT, Southworth-Milton, Inc. $151,000 in capital expenditure was appropriated over two years for this purchase. Accepted the resignation of Building Inspector Walter Tortorici. (Medfield Press, MA)
Slump threatens to shrink state capital expenditure Sep 9, 2009
Now it seems that capital expenditure may not deliver as much support as expected. Nedbank's latest capital expenditure project listing, which was released this week, shows that fixed investment plans in South Africa fell further during the first half of this year, with only 29 new projects announced, down by 64 percent compared with the same period last year ... Eskom has already said that R30bn of its R343bn capital expenditure over the next five years would be put on hold. (Business Report, South Africa)
PetroChina's Parent CNPC Receives $30 Billion Loan for Overseas Expansion Sep 9, 2009
Todays loan is equivalent to PetroChinas 2009 capital expenditure budget of 200 billion yuan, said Kwan at Mirae. While the statement didnt give details on the discounted rate, Chinese banks benchmark interest rate for yuan-denominated loans over five-years is about 5. (Bloomberg -- Asia)
Banks' Lending Growth Slows for Eighth Month as Companies Reduce Spending Sep 8, 2009
Companies demand for operating and capital expenditure funding remains weak, , associate director-general at the Bank of Japans bank surveillance department, said at a briefing in Tokyo. Firms are holding onto cash they obtained through the spring in the form of deposits. (Bloomberg -- Japan)
500k waiting for houses Sep 8, 2009
" Most executive director positions in the municipality had been filled. Lekgoro said: "Their (Ekurhuleni municipality) capital expenditure has shot from 36 percent to 90 percent and their ability to collect revenue is 85 percent. Their cash flow situation remains sound. (iAfrica.com)
Northland Moves to Feasibility Study after Positive PEA on Kaunisvaara Iron Ore Concentrate Project Sep 7, 2009
Turner & Townsend: It is our opinion based on the information provided to us that the PEA Capital Expenditure estimate in respect of the Tapuli, Sahavaara and Pellivuoma projects has where visible to us been constructed in line with the general guidance provided by the Institute of Cost Engineers in respect of level 4 design concept. We believe that level 4 design concept to be comparable to the PEA requirement and that the estimate conforms, as far as it is possible to ascertain, to the... (CCNMatthews Press Releases)
Aurcana Corporation Reports Positive Second Quarter Results Sep 3, 2009
- An initial estimated capital expenditure of under $40 million. - Silver production of 3. (CCNMatthews Press Releases)
Upbeat Harvey heralds recovery Aug 29, 2009
HARVEY Norman boss Gerry Harvey will consider ramping up capital expenditure at his Australian stores, including the opening of new outlets previously on hold due to the global economic downturn, as consumer confidence returns to deliver a better outlook for retailers. Shares in Harvey Norman rallied more than 17 per cent when the company posted a 40 per cent drop in annual profit that was ahead of analyst expectations and coupled with positive management commentary about a rebound in earnings... (Sydney Morning Herald -- Business)
RBI meets asset reserves target Aug 29, 2009
It also maintains an asset development reserve to meet internal capital expenditure and make investments in its subsidiaries and associate institutions ... At the same time, RBI has transferred Rs 1,309 crore to its asset development reserve a fund used to meet internal capital expenditure to make investments in RBIs subsidiary and associate institutions. (India Times)
Sime Darby to triple capital expenditure to RM7bil Aug 28, 2009
PETALING JAYA: Sime Darby Bhd, which reported a better-than-expected profit for the financial year ended June 30, 2009 (FY09), plans to more than triple its capital expenditure (capex) to RM7bil in the current financial year on aggressive business expansion, especially for its plantation operations. We will be aggressive as we cant just stand still. (The Star Online, Malaysia -- Business)
Epic Data Announces Results for the Third Quarter Aug 28, 2009
Epic Data president & CEO, Robert Nygren, commented on the quarter: "We continue to see our customers in North America and Europe delay capital expenditure programs in light of the current economic conditions, and as a result, we experienced lower revenue for the quarter ended June 30, 2009. We continue to focus on sales and marketing initiatives and our product development both of which we believe will deliver long term success for our company once the economy improves.". During the quarter,... (CCNMatthews Press Releases)
Victorian boom leads recovery Aug 28, 2009
Private capital expenditure in Victoria is now at its highest on record, even after adjusting for inflation. The figures will feed into next week's national accounts for the June quarter, with economists upgrading their growth predictions. (Sydney Morning Herald -- Business)
PPB Group backs Wilmars China listing plan Aug 27, 2009
On another note, Tan said PPB Group spent about RM77mil of its total capital expenditure (capex) of RM293mil to set up new flour mills and feed mill warehouses, new cinemas as well as upgrade its sugar refineries in the first half of the year. Some RM27. (The Star Online, Malaysia -- Business)
Essilor : First Half 2009 Results Aug 27, 2009
Capital expenditure net of divestments totaled EUR72 million or 4 ... Cash Flow Statement EUR millions Net cash from operations 273 Capital expenditure net of the proceeds from asset sales 72 Proceeds from employee share Change in WCR and issue 16 provisions 102 Change in net debt 99 Dividends 138 Financial investments net of disposals 61 Effect of changes in exchange rates and in the scope of consolidation 15 ... Net cash flow (cash flow less capital expenditure) rose by 12. (PR Newswire)
Toll returns to profit, looks to00004000 acquisitions Aug 27, 2009
"Trading conditions in the short term are expected to remain generally flat with some improvement evident across Australia and Asia,'' he said. Toll said it generated $463 million in operating cashflow after capital expenditure. The Australian and New Zealand business, which accounts for three quarters of sales, increased revenue by 4.7 per cent to $4.86 billion and earnings before interest and tax (EBIT) by 4.8 per cent to $372 million. Mr Little said volumes declined in some parts of the... (Sydney Morning Herald -- Business)
Strong investment data stokes rate rise fears Aug 27, 2009
Dr Emerson attributed Australia's relatively strong economic performance throughout the global financial crisis to the government's economic stimulus packages and the "great attitude'' of local businesses. Today's data from the Australian Bureau of Statistics (ABS) not only showed unexpected strength in actual business capital spending, but also a significant upgrade to investment intentions for the current financial year. Capital expenditure grew by a seasonally adjusted 3.3 per cent in the... (Sydney Morning Herald -- Business)
Asian stocks slip on investor caution Aug 27, 2009
New capital expenditure in Australia rose 3. 3 per cent in the second quarter from the previous three months, outstripping forecasts and suggesting the economy is growing faster than expected. (FT.com -- Markets)
Goodman Fielder posts profit, revenue rise Aug 26, 2009
"The company expects to see efficiency gains resulting from its capital expenditure program and plant rationalisations begin to flow through, underpinned by its strengthened focus on branded everyday foods. "The company will continue to focus on maximising operating cash flow to ensure that it remains in a position to maintain its high dividend payout ratio and to reinvest in the business. " Goodman Fielder said its Home Ingredients division posted a 25 per cent increase in sales revenue, driven... (Sydney Morning Herald -- Business)
