Chemco Limited (CHEM.mu) listed on the Stock Exchange of Mauritius under the Chemicals sector has released it’s 2013 abridged results.For more information about Chemco Limited (CHEM.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Chemco Limited (CHEM.mu) company page on AfricanFinancials.Document: Chemco Limited (CHEM.mu) 2013 abridged results.Company ProfileChemco Limited specialises in the formulation, manufacturing, blending and trading of chemicals. The company operates as one of the subsidiaries of Harel Mallac & Co. Ltd. Chemco Limited company engages in the production and sale of agro chemicals, specialty chemicals and consumer goods. Chemco Limited is headquartered in Port Louis, Mauritius. Chemco Limited is listed on the Stock Exchange of Mauritius.
NPF Microfinance Bank Plc (NPFMCR.ng) listed on the Nigerian Stock Exchange under the Financial sector has released it’s 2020 interim results for the first quarter.For more information about NPF Microfinance Bank Plc (NPFMCR.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the NPF Microfinance Bank Plc (NPFMCR.ng) company page on AfricanFinancials.Document: NPF Microfinance Bank Plc (NPFMCR.ng) 2020 interim results for the first quarter.Company ProfileNPF Microfinance Bank Plc is a financial services institution in Nigeria offering banking products and services for both serving and retired Officers and men and women employed by the Nigeria Police Force as well as the general banking public. The company is the leading microfinance institution in Nigeria and also offers loans, advances, money market products and financial advisory services to the retail, commercial and corporate sectors. The company has developed specialised products which includes Police After Service Account, Police Focal Account and IGP Premium Bond. Established in 1993, NPF Microfinance Bank Plc was granted its full license to operate as a Community Bank in 2002. It converted from its Community Bank status to a Microfinance Bank following a directive from the Central Bank of Nigeria. Its head office is in Obalende, Nigeria and its branch network extends to all the Police commands in the country. NPF Microfinance Bank Plc is listed on the Nigerian Stock Exchange
Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Oil stocks in turmoil! Is the PMO share price worth watching? I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Kirsteen Mackay | Monday, 27th April, 2020 | More on: HBR Simply click below to discover how you can take advantage of this. Enter Your Email Address The price of oil is experiencing a turbulent time, creating a knock-on effect on oil stocks. After hitting historic lows last week, WTI, the main US oil price benchmark, fell into negative territory, close to -$40. It has since rebounded to now be positive, but the jury is out on how stable it will remain.With the coronavirus pandemic pausing international travel, demand for oil has fallen. Meanwhile, production continues and storage facilities are full. This combination of unfortunate events has created a perfect storm for the destruction of oil stocks.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Many analysts believe there will be no storage left for any newly pumped oil within a matter of weeks. So where does this leave the companies involved in the oil and gas sector? Not in great shape.Several oil companies have already filed for bankruptcy in the US. Houston-based contractor Diamond Offshore Drilling did so yesterday.Is oil investing risky or wise?There’s no doubt that oil investing carries risk, but the level of risk depends on the stock you’re looking to buy. I’d avoid oil stocks with high debt, just as I’d avoid any stock with high debt.The price of oil depends on supply and demand. As we currently face a ridiculous amount of oversupply and a drop of over 30% in demand, the oil price is low. Once the world comes out of lockdown, demand should soar again. By which time reduced drilling will be in play. When demand outweighs supply, this should, in theory, push the oil price up again.However, it won’t be pleasant getting to that point and some companies will likely perish. It’s also debatable how quickly previous demand levels will return because coronavirus may stick around for much longer than any of us would like.Are there any oil stocks worth watching?Premier Oil (LSE:PMO) is a widely traded share with which oil investors have a love-hate relationship. It has faced its fair share of troubles in recent years and has been battling an eye-watering debt pile for some time. By the end of 2019, it looked to be on track to overcome its debt with several projects to look forward to.The current climate paints a different picture and how long it can sustain low oil prices and reduced demand I’m not sure. I think it’s a stock worth watching, but I’d be wary of investing in the PMO share price just now.Noting a further depressing slant on the company; Hedge Fund, Asia Research and Capital Management is reported to have profited by around £135m from shorting the Premier Oil share price in recent weeks.Premier has a £220m market cap, its price-to-earnings ratio is 1.4 and earnings per share are 16p. Tullow Oil is another oil stock with massive debt and endless speculation. Last week French oil major Total agreed to buy out Tullow’s Ugandan oil field stake, which will help with debt reduction in the short term. The key for both Premier and Tullow will be how long they can maintain short-term liquidity and reduce expenditure. If they can survive the oil price slump, then their share prices will probably recover. But that’s a big ‘if’. Personally, if I was looking to invest in oil stocks, I’d stick with FTSE 100 big guns Royal Dutch Shell or BP. See all posts by Kirsteen Mackay
Deirdre GriswoldThis talk was presented on Nov. 18 to the Workers World Party National Conference.We’ve all seen that, over the past six months, the Trump administration has been obsessed with Korea. The Bully-in-Chief has even threatened a nuclear war against the Democratic People’s Republic of Korea, the socialist northern half.Of course, it’s not just Trump. The Pentagon has been threatening the north ever since the end of World War II — more than 70 years ago!Under both the Democrat Truman and the Republican Eisenhower, the U.S. imperialists waged a horribly destructive war against this small country from 1950 to 1953, sending almost 7 million troops, most of them draftees. More than 40,000 of those U.S. soldiers never came back.In that war, both People’s China and the USSR supported the DPRK. A son of Mao Zedong was killed in the war — one of the million Chinese soldiers who fought on the side of the DPRK. Many millions of Koreans died, both soldiers and civilians.Right now, the U.S. imperialists have dropped their public full-court press against Korea. Even though U.S. ships, submarines and planes continue to threaten the DPRK, the screaming headlines have tapered off.What has happened? Well, all the bluster and threats didn’t work. The DPRK has not agreed to give up its nuclear defense. And China has not “solved the Korea problem” for Trump, as he kept saying it would.There was so much speculation in the U.S. imperialist media that Trump would be able to drive a wedge between China and the DPRK. Indeed, China did join the U.S. in United Nations resolutions imposing sanctions on Korea, and Workers World Party doesn’t agree with that at all. As long as the U.S. maintains its huge arsenal of nukes, capable of blowing up the world many times over, those countries the imperialists target for regime change have the right to defend themselves by any means necessary!But after Trump went to Beijing and met with Xi Jinping, all the talk about China helping the U.S. disarm the DPRK suddenly evaporated.This is really a victory for the Korean people’s right to self-determination!The Koreans are a distinct people who were united for thousands of years by language, culture and geography. People in both the north and south yearn for reunification. But since 1945, Korea has been divided between a capitalist south and a socialist north. How did this happen?Let’s go back to when all Korea was invaded and colonized by imperialist Japan in 1910.After seizing Korea, Japan became an ally of the U.S., Britain and France in World War I. Once Germany was defeated, these imperialists held a so-called Peace Conference in Paris in 1919. It was really meant to divide the spoils of war, but the conference was called in the name of “self-determination,” as defined by U.S. President Woodrow Wilson.The great revolutionary communist leader of Korea, Kim Il Sung, wrote a fascinating autobiography called “Reminiscences with the Century.” In it he describes how bourgeois nationalists in Korea had pinned their hopes on Wilson.“Self-determination,” wrote Kim Il Sung, “was a hypocritical slogan which the U.S. imperialists put forward in order to reduce the influence of the October Socialist Revolution [in Russia] and lord it over the rest of the world. Under the deceptive slogan, the U.S. imperialists schemed to undermine from within the multinational USSR and isolate small and weak colonial nations from one another to prevent them from uniting in the independence struggle. At the same time, they plotted to occupy the territory of the countries defeated in the war.”For the Koreans, what this meant was a continuation of Japanese colonial rule over their country.However, the Bolshevik Revolution of 1917 had strengthened those in the Korean movement for independence who had a class approach based on the workers and peasants. One of them was Kim Il Sung’s father.Kim Il Sung’s autobiography describes the many ways in which the revolutionaries in China, the USSR and Korea had all collaborated in the struggle to liberate their countries from imperialism. Many Korean exiles lived in China and some in Siberia. During the 1920s and 1930s, there was much going back and forth of the cadre in these movements, sharing political views, organizing skills and military training.By 1939, when the Second World War started, Japan had become an ally of Germany. The Soviet Union fought the fascists in both Europe and Asia. When Germany surrendered on May 7, 1945, it was just a matter of time before Japan would have to give in. Japan’s defeat was seen by all Korean patriots as the opportunity to achieve true independence.And the Korean movement for independence by this time had been deeply influenced by both the Soviet victory and the ongoing Chinese Revolution. Those who based the struggle for national liberation on the workers and peasants eventually won out over the bourgeois nationalists.It was a Korean communist liberation army, led by Kim Il Sung and reinforced by troops from the Soviet Red Army, that in 1945 marched into Korea from their rear bases in both China and the Soviet Union. They began to liberate the Korean working people from the Japanese colonial rulers and their Korean collaborators.As this liberation army moved south, it was greeted with tremendous support from the masses. One of its first moves was land reform — freeing the peasants from the hated landlords. Had they been able to continue their march, all Korea would have been liberated.But another huge imperialist power stood in the way. The U.S. ruling class was determined to pick up the pieces of Japan’s former empire, while containing the Soviet Union and sending a warning to the communists fighting to liberate China. The Truman administration rushed troops to the southern part of Korea. It was a U.S. Army colonel, Dean Rusk (who later became secretary of State), who drew a line on a map that divided Korea along the 38th parallel.The two foreign armies facing each other agreed that U.S. troops occupying the south and the Soviet troops in the north would leave in three years, letting the Korean people rule themselves. And the Soviet troops did leave, in 1948. But U.S. troops are still there and south Korea has been a U.S. neocolony ever since.Nearly 30,000 U.S. troops are still in the south, despite much popular opposition, and the U.S. carries out massive military exercises every year threatening the socialist DPRK. In the last few years, these exercises have included thousands of troops from Japan, the hated former colonial overlord.There is no longer a Soviet Union. However, many of the peoples in Russia, especially in the eastern part, sympathize with the socialist DPRK. And while the bourgeois elements in China may want to appease the U.S. for their own class reasons, the Communist Party leadership is not going along with Washington’s plans for regime change in Korea.This small country has set a great example of courage in standing up to imperialism! Long live the DPRK!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Lack Of Legislative Competence: Kerala HC Declares Kerala Tax On Paper Lotteries Act Unconstitutional [Read Judgment]
News UpdatesLack Of Legislative Competence: Kerala HC Declares Kerala Tax On Paper Lotteries Act Unconstitutional [Read Judgment] LIVELAW NEWS NETWORK9 May 2020 5:38 AMShare This – xThe Kerala High Court has declared that the Kerala Tax on Paper Lotteries Act unconstitutional. The Act dealt with the levy and collection of tax on the conduct of paper lotteries in the State. The Single Bench of the High Court had upheld the validity of the Act by dismissing the writ petition filed by the State of Sikkim. One of the main contention in the writ appeal was that he…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Kerala High Court has declared that the Kerala Tax on Paper Lotteries Act unconstitutional. The Act dealt with the levy and collection of tax on the conduct of paper lotteries in the State. The Single Bench of the High Court had upheld the validity of the Act by dismissing the writ petition filed by the State of Sikkim. One of the main contention in the writ appeal was that he subject “lotteries organised by the Government of India or the Government of a State” is within the realm of the legislative competence of the Parliament, and therefore the state has no legislative competence to levy tax on paper lotteries. The bench comprising Justices CK Abdul Rahim and TV Anilkumar observed that the State of Kerala was lacking legislative competence to impose tax under the impugned Act on state organised lotteries by deriving its source of power from Entry 62 of List II of the Constitution. It also accepted the contention that the Act intended to introduce an indirect taxation on the sale of lottery tickets within the state. The Court also held that the State of Sikkim will be entitled for refund of the tax paid from the State Government, on their producing proper accounts and proof as to who had ultimately borne the burden.Appearances: Sr. Adv. S.K. Bagaria assisted by A. Kumar, Sr. Adv Pallav Shishodia, C.E. Unnikrishnan Special Government Pleader (Taxes) Click here to Read/Download JudgmentRead JudgmentSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story
‘In Light of COVID19 Magistrates Should Not Demand Physical Presence of Juveniles For Recording Statements’, Delhi HC Issues Notice In Plea Moved By Bachpan Bachao Andolan
News Updates’In Light of COVID19 Magistrates Should Not Demand Physical Presence of Juveniles For Recording Statements’, Delhi HC Issues Notice In Plea Moved By Bachpan Bachao Andolan Karan Tripathi20 July 2020 12:13 AMShare This – xDelhi High Court has issued notice in a plea asking the court to direct that the statements under section 164 of the Criminal Procedure Code of ‘children in need of care and protection’ shall be recorded by the Magistrate through video conferencing, and the physical presence of the children for the same shall be dispensed with. The Division Bench of Chief Justice DN Patel and…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginDelhi High Court has issued notice in a plea asking the court to direct that the statements under section 164 of the Criminal Procedure Code of ‘children in need of care and protection’ shall be recorded by the Magistrate through video conferencing, and the physical presence of the children for the same shall be dispensed with. The Division Bench of Chief Justice DN Patel and Justice Prateek Jalan has issued notices to the Delhi Government, Commissioner of Delhi Police, among others, and have asked them to file a reply within a week. Filed by Bachpan Bachao Andolan, the present writ petition seeks a direction to be issued to the Delhi Government and the Commissioner of Delhi Police to ensure that all proceedings by different authorities under the Juvenile Justice (Care and Protection of Children) Act, 2015, shall be conducted through video conferencing to keep the children safe from contracting the COVID19 infection. ‘When Karkardooma courts are conducting virtual hearings through video conferencing, why are the police forcing children in need of care of protection to physically go to the court for recording their statements under section 164 of CrPC’, the Petitioner argued. The Petitioner further submitted that no authority shall pass an order requiring a child in need of care and protection to be physically taken out of the Childcare Institute till his/her repatriation in accordance with law. ‘Instead of taking children to government hospitals, testing for COVID19 of children in need of care and protection should be conducted at the Childcare Institute itself’, the Petitioner argued. In addition to this, the Petitioner has asked for a direction to be issued to the Delhi Government to take measures and create a mechanism ensuring that a rescued child is tested for COVID19 at the earliest, preferably before the child is sent to the childcare home. Appearing for the State, Mr Sameer Vashisht submitted that the officers do not have objections with the demands raised in the petition. However, Mr Vashisht argued that he would like to take instructions on the issue of Magistrate recording statements under section 164 of CrPC through video conferencing. The court will next take up this matter on July 28. Petitioner organisation in this case is being represented by Ms Prabhsahay Kaur. Next Story
Whatsapp Pay – CCI Dismisses Plea Alleging Abuse Of Dominant Position By Whatsapp & Facebook [Read Order]
News UpdatesWhatsapp Pay – CCI Dismisses Plea Alleging Abuse Of Dominant Position By Whatsapp & Facebook [Read Order] LIVELAW NEWS NETWORK22 Aug 2020 2:47 AMShare This – xThe Competition Commission of India has dismissed a plea which sought investigation against Whatsapp and Facebook for alleged abuse of dominant position by rolling out Whatsapp Pay feature.Harshita Chawla, a lawyer, had approached the Commission alleging that Facebook backed WhatsApp, is violating the provisions of Section 4 of the Competition Act, by using its dominance in the internet…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Competition Commission of India has dismissed a plea which sought investigation against Whatsapp and Facebook for alleged abuse of dominant position by rolling out Whatsapp Pay feature.Harshita Chawla, a lawyer, had approached the Commission alleging that Facebook backed WhatsApp, is violating the provisions of Section 4 of the Competition Act, by using its dominance in the internet based instant messaging App, is bundling its messaging App with the payment option (WhatsApp Pay) thereby using such dominance to penetrate into the UPI enabled Digital Payments App Market. She contended that, by enabling automatic installation of WhatsApp Payments App in the WhatsApp Messaging App, Whatsapp is alleged to be taking advantage of its vast userbase to popularise its newly launched Whatsapp Pay App. Therefore, she sought for an investigation against WhatsApp under the Act and directions to restrain it from continuing with ‘whatsapp pay’ feature.The commission prima facie found WhatsApp to be dominant in the first relevant market i.e. ‘market for OTT messaging apps through smartphones in India’. The commission observed that the essential requirements of tying are: (i) the tying and tied products are two separate products; (ii) the entity concerned is dominant in the market for the tying product; (iii) the customers or consumer does not have a choice to only obtain the tying product without the tied product; and (iv) the tying is capable of restricting/foreclosing competition in the market.It observed that WhatsApp Messenger and WhatsApp Pay are two distinct products with different functionalities, they are in fact in two separate relevant markets. “While WhatsApp Pay is embedded in WhatsApp messenger app when it is downloaded by users on their smartphones, the consumers are at freewill to use WhatsApp Pay or any other UPI enabled digital payments app in India to make instant interbank transfers. Installation of the WhatsApp messenger does not appear to explicitly mandate/coerce the user to use WhatsApp Pay exclusively or to influence the consumer choice implicitly in any other manner, at present. Thus, the third condition does not seem to have been established.”, the commission said.The commission also agreed with Whatsapp’s submission that the allegation is premature as its actual conduct is yet to manifest in the market. Also, as stated by WhatsApp, the number of users being served under the beta version is limited to less than 1% of its users in India, it noted. Dismissing the case, the commission said:The Commission observes that Facebook and WhatsApp undeniably deal with customer sensitive data which is amenable to misuse and may raise potential antitrust concerns among other data protection issues. However, in the present case, the Informant has only alleged that WhatsApp/Facebook have access to data which they are using for doing targeted advertising. There is neither any concrete allegation, nor any specific information to support the competition concern of the Informant. In the absence thereof, there is nothing on record which the Commission can examine.Click here to Read/Download OrderRead OrderNext Story
Optimal foraging theory predicts that when food is plentiful all individuals should take a small range of preferred prey types, but as competition increases less preferred prey will be included in the diet. This dietary switching may not be uniform among individuals, which produces discrete dietary clusters. We tested this hypothesis for gentoo penguins at Bird Island, South Georgia, using stable isotope analysis and biologging. Competition, in the form of the density of foraging dives, increased markedly from incubation to chick-rearing owing to increased foraging effort. Birds responded behaviourally by exploiting a greater portion of the available foraging radius and increasing dive depths. Dietary niche width doubled and two discrete dietary clusters appeared; one comprising birds that consumed mostly krill and another that ate a greater proportion of demersal fish. There were no differences in morphology between the dietary classes, but birds in the fish class had a tendency to dive deeper, which suggests a behavioural basis for specialization. Our findings are consistent with the hypothesis that intra-specific competition expands the population’s dietary niche width and drives divergence in diets among individuals.