Finance minister

Capital Markets Mongolia Announces Mongolian Banking Forum in New York

Retrieved on: 
Montag, April 8, 2024

Mongolian Investment Week is set to be held on April 22-24, 2024, in New York, bringing together key stakeholders from Mongolia's bank and finance sector together with global investor communities.

Key Points: 
  • Ulaanbaatar, Mongolia--(Newsfile Corp. - April 8, 2024) - Capital Markets Mongolia LLC (also known as "CMM") is pleased to announce the Mongolian Banking Forum in New York, bringing key stakeholders to promote Mongolia's growth potential to a global audience of investors and industry experts.
  • Collaborating with the Central Bank of Mongolia, the Finance Ministry of Mongolia, the Financial Regulatory Commission of Mongolia, and Mongolia's Banking Association, the Mongolian Banking Forum will be held on April 23 at Lotte New York Palace.
  • Heavily digitized and adapted by financial technologies, the financial sector in Mongolia is dominated by the banking sector.
  • With a focus on navigating the diverse opportunities available in Mongolia, "Mongolian Banking Forum" promises to be an enriching experience for all attendees.

Israel's Finance Ministry Increases Israel Innovation Authority's High-Tech Sector Fast-Track Fund to $100 Million During Wartime

Retrieved on: 
Donnerstag, November 16, 2023

Israel's Finance Ministry recently clarified its decision to increase the wartime high-tech sector fund to provide short- and long-term measures designed to assist startup companies in Israel’s high-tech sector.

Key Points: 
  • Israel's Finance Ministry recently clarified its decision to increase the wartime high-tech sector fund to provide short- and long-term measures designed to assist startup companies in Israel’s high-tech sector.
  • The Company was found suitable for submitting the application according to the criteria required in the grant program as detailed on the Israel Innovation Authority website.
  • Ministry officials recently met with prominent high-tech sector members, the Israel Innovation Authority (IIA), and other government representatives to discuss strategies for supporting companies during the ongoing conflict and formulate long-term industry plans for post-war recovery.
  • In 2022, it contributed over 18 percent of the national GDP, amounting to $78 billion (290 billion shekels), as the Israel Innovation Authority reported.

The NDC Partnership and Coalition of Finance Ministers Announce Strategic Cooperation to Step Up Climate Ambition

Retrieved on: 
Dienstag, Dezember 5, 2023

Such transformative change requires increased leadership across the whole of government.

Key Points: 
  • Such transformative change requires increased leadership across the whole of government.
  • As countries advance their Nationally Determined Contributions (NDCs), they are striving to engage the whole of government to achieve the goals of the Paris Agreement and ensure sustainable development.
  • The Partnership and the Coalition of Finance Ministers for Climate Action will offer targeted resources and expertise for Ministries of Finance to actively engage in the development of NDCs and LT-LEDS.
  • "Strong engagement by Ministries of Finance, and the collaboration between the NDC Partnership and the Coalition is instrumental in the formulation and execution of ambitious, yet implementable NDCs and LT-LTEDS and in driving sustainable development," Dr. Jeanne d'Arc Mujawamariya, Minister of Environment of the Republic of Rwanda.

The NDC Partnership and Coalition of Finance Ministers Announce Strategic Cooperation to Step Up Climate Ambition

Retrieved on: 
Dienstag, Dezember 5, 2023

Such transformative change requires increased leadership across the whole of government.

Key Points: 
  • Such transformative change requires increased leadership across the whole of government.
  • As countries advance their Nationally Determined Contributions (NDCs), they are striving to engage the whole of government to achieve the goals of the Paris Agreement and ensure sustainable development.
  • The Partnership and the Coalition of Finance Ministers for Climate Action will offer targeted resources and expertise for Ministries of Finance to actively engage in the development of NDCs and LT-LEDS.
  • "Strong engagement by Ministries of Finance, and the collaboration between the NDC Partnership and the Coalition is instrumental in the formulation and execution of ambitious, yet implementable NDCs and LT-LTEDS and in driving sustainable development," Dr. Jeanne d'Arc Mujawamariya, Minister of Environment of the Republic of Rwanda.

Onmeta Becomes the First Fiat On-Ramp Solution in India to Register with FIU, Leading the Way in Regulatory Compliance

Retrieved on: 
Mittwoch, Juli 26, 2023

Bengaluru, India--(Newsfile Corp. - July 26, 2023) - Onmeta, India's leading fiat on-ramp & off-ramp solution provider, has become the first such solution in India to register with the Financial Intelligence Unit (FIU) of the Finance Ministry of the Government of India.

Key Points: 
  • Bengaluru, India--(Newsfile Corp. - July 26, 2023) - Onmeta, India's leading fiat on-ramp & off-ramp solution provider, has become the first such solution in India to register with the Financial Intelligence Unit (FIU) of the Finance Ministry of the Government of India.
  • As mandated by the amendments to the PMLA, Onmeta already has a robust yet breezy one-time KYC process.
  • It has also established a comprehensive AML policy including Sanctions screening that identifies and reports suspicious transactions promptly and proactively to the FIU.
  • This latest development should go a long way in instilling confidence in the potential of the Indian crypto ecosystem and encourage more companies to build for India.

Cambodian strongman Hun Sen wins another 'landslide' election. Will succession to his son be just as smooth?

Retrieved on: 
Montag, Juli 24, 2023

The meeting saw his eldest son, Hun Manet, 45, unanimously selected to be the future prime minister.

Key Points: 
  • The meeting saw his eldest son, Hun Manet, 45, unanimously selected to be the future prime minister.
  • After years of speculation over the identity of the strongman’s political successor, it was both an unsurprising and uninspiring choice.
  • Up against a mix of 17 emasculated, feeble and grovelling opposition parties, Hun Sen’s party quickly boasted it had won in a “landslide”.

Preparing for a sham election

    • In May, the National Election Committee barred the leading opposition Candlelight Party from competing in the election because it had failed to provide the necessary documentation.
    • This documentation, ironically, had been taken in a police raid years earlier.
    • In early June, the National Assembly amended the election law to bar non-voters from ever running for office, as well as penalise anyone who calls for election boycotts.

How do dictators stay in power?


    How has he accomplished this feat over the past 38 years? Based on my research in the field of authoritarian politics, two significant factors stand out. The first thing Hun Sen did was personalise power by following the “playbook” of other strongmen like Paul Biya in Cameroon, Saddam Hussein in Iraq and Idi Amin in Uganda. Among his actions across four decades of authoritarianism:
    • The second thing Hun Sen did was entrench a harsher form of dictatorship in Cambodia, transforming the country in recent years into a genuine one-party state.
    • In July 2015, the government rammed through a bill designed to suppress civil society groups.
    • The law used arcane compliance requirements related to funding, reporting, registration and political neutrality to limit their operations.

How does one dictator pass the reins to another?

    • The process can sometimes encourage infighting among political elites and potentially plunge a country into chaos.
    • 2) Security: they have a paramilitary force or formal position at the apex of the security apparatus.
    • Having so far satisfied all but the need for immunity, Hun Sen is now well-positioned to pass power onto his son.
    • There is nothing to suggest Cambodia’s next prime minister won’t also have a sham election up his sleeve.

BearingPoint client success story: The Finance Ministry of Burkina Faso traces development funds by using blockchain technology

Retrieved on: 
Dienstag, Juni 20, 2023

In a recent client story, management and technology consultancy BearingPoint shows how it supported Burkina Faso’s Ministry of Finance and KfW, one of the world’s largest development banks, in improving funds management processes using cutting-edge technologies.

Key Points: 
  • In a recent client story, management and technology consultancy BearingPoint shows how it supported Burkina Faso’s Ministry of Finance and KfW, one of the world’s largest development banks, in improving funds management processes using cutting-edge technologies.
  • Following several successful pilot studies conducted in Burkina Faso, Ethiopia, and Georgia, BearingPoint helped KfW and the Finance Ministry of Burkina Faso implement a blockchain-based platform shared between donors and the recipient country.
  • The initial solution developed by KfW, called TruBudget, was adapted and further developed to meet Burkina Faso’s specific needs and rebranded as “SIGFE” (Système Intégré de la Gestion des Financements Extérieurs).
  • BearingPoint provided user guides, training sessions, and support in communication with other Ministries and donors.

Toll Brothers Apartment Living and Pondmoon Capital Holdings USA Announce Joint Venture to Develop 285-Unit Luxury Rental Community in Frisco, Texas

Retrieved on: 
Montag, Januar 30, 2023

FORT WASHINGTON, Pa., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Pondmoon Capital USA have announced a new joint venture to develop Mirra, a five-story, 285-unit multifamily rental community in Frisco, Texas.

Key Points: 
  • FORT WASHINGTON, Pa., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Pondmoon Capital USA have announced a new joint venture to develop Mirra, a five-story, 285-unit multifamily rental community in Frisco, Texas.
  • The equity and debt were arranged by Toll Brothers’ in-house Finance Department.
  • The community will consist of 285 rental apartments as well as a 447-space parking garage.
  • We look forward to contributing to a topnotch residential community at Frisco Square.”
    For future updates and information regarding this community, please visit TollBrothersApartmentLiving.com .

NYU Stern Professor Johannes Stroebel Wins 2023 Fischer Black Prize

Retrieved on: 
Montag, Januar 9, 2023

Johannes Stroebel , the David S. Loeb Professor of Finance at New York University Stern School of Business, has received the 2023 Fischer Black Prize from the American Finance Association (AFA).

Key Points: 
  • Johannes Stroebel , the David S. Loeb Professor of Finance at New York University Stern School of Business, has received the 2023 Fischer Black Prize from the American Finance Association (AFA).
  • Professor Stroebel accepted the award at the AFA’s Annual Meeting on Saturday, January 7.
  • “We are extraordinarily proud of Johannes for winning this distinguished award,” said Raghu Sundaram, Dean, NYU Stern.
  • “I am extremely honored to have won the 2023 Fischer Black Prize,” said Stroebel.

Australia Data Center Market Investment Analysis Report 2022-2027: Focus on Sydney, Melbourne, Perth, Brisbane, Adelaide, Canberra, & Darwin - ResearchAndMarkets.com

Retrieved on: 
Donnerstag, Dezember 22, 2022

The Australia data center market is significantly growing, aided by government initiatives, expanding connectivity, technology innovations, adoption of HPC technologies, growing cloud presence, and increasing data center investments.

Key Points: 
  • The Australia data center market is significantly growing, aided by government initiatives, expanding connectivity, technology innovations, adoption of HPC technologies, growing cloud presence, and increasing data center investments.
  • The Australia data center market is rapidly growing with significant investments from local and global data center operators.
  • The Australia data center market has the presence of both local and global data center investors.
  • A detailed study of the existing market landscape, an in-depth industry analysis, and insightful predictions about the Australia data center market size during the forecast period.