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Saturday, January 31, 2015

TERRYK CHAT UPDATE, 31 JAN

TERRYK] HERE LET ME HELP YOU ALL WITH THAT
[TERRYK] SOURCES ALL 7 OF THEM I HAVE TALKED TO SINCE LAST NIGHT
[TERRYK] THEY ARE ALL TELLING ME THAT THIS IS SET TO GO LIKE TOMORROW THRU TUE
[TERRYK] DEPENDS ON TIMING 
[TERRYK] SUNDAY FOR IRAQ 
[TERRYK] TUE FOR US I GUESS
[wushock92] We've been discussing the budget would probably be published tomorrow.
[TERRYK] YES IT WILL BE WHAT I HAVE BEEN TOLD
[TERRYK] IN FACT THE AGENDA INCLUDES ANOTHER BIG DOCUMENT
[TERRYK] ANYONE KNOW
[TERRYK] WHAT THAT IS
[TERRYK] WHAT HAVE WE BEEN WAITING FOR
[TERRYK] AND TOLD ITS READY TO BE READ AND SIGNED
[TERRYK] NOW WHAT I NEED FOR YOU ALL TO DO IS TO SEE IF THE BUDGET IS IN THE PAPER TONIGHT
[hopeful2&2] economic and reform law ?
[TERRYK] I WAS TOLD IT MAY
[TERRYK] NOPE HOPEFUL
[BigEngine] Article 8 ?
[TERRYK] HCL
[wushock92] Any more about the 'big meeting' over there this weekend?
[TERRYK] NOPE

Vietnam Breaking News: Vietnam on path to recovery, 31 JAN

Vietnam Breaking News: Vietnam on path to recovery.

VietNamNet Bridge – Nation should stop sacrificing its growth rate for stabilising the economy, Tran Hoang Ngan with the National Advisory Council on Monetary and Financial Policies, tells Viet Nam Economic Times.

2014 was the first time in three years Viet Nam achieved its GDP goal. What are your comments on this success?
In my opinion, it is notable. It shows that our economy is on the road to recovery. In 2012, our growth rate was 5.25 per cent. In 2013 it was 5.42 per cent, and in 2014 it was 5.9 per cent, compared with the set target of 5.8 per cent.

However, if we look at the country’s growth rate over the past four years, in the context of our natural resources, a population of 90 million people who are intelligent and hard working, and stable policies, a growth rate of less than 5.7 per cent should be considered beneath our potential.

In the last four years, we have had to sacrifice our high growth rate for macroeconomic stabilisation and inflation control. But now our economy has evolved, and it is high time for us to stop sacrificing.

The 5.7 per cent growth rate and maintaining a low inflation rate during the past three years have helped raise Viet Nam’s international prestige. For 2015, Viet Nam set a growth rate of 6.2 per cent.

In my opinion, this goal is doable. However, the growth rate is expected to possibly reach 6.5 per cent, on the grounds that we still have a lot of potential for development.

Do you think the high growth rate could upset the stable macro economy we have tried so hard to maintain over the last four years?
Since 2012, we have been successful in capping inflation. In 2012, the inflation rate was 6.81 per cent. In 2013 it was 6.04 per cent. In 2014 it dropped to 1.84 per cent.

However, for 2015, the Government set the inflation rate at about 5 per cent. In my opinion, the rate should be between 5 and 6 per cent this year, so we can support our development.

After reviewing Viet Nam’s socio-economic development in the past 30 years, I can say an inflation rate between 5 and 7 per cent is appropriate for us. That inflation rate, on the one hand, will help our economic development. On the other, it will help us stabilise our macro economy.

Don’t you think a high goal for our economic growth rate could have a negative impact on our economic restructuring process?
I couldn’t agree more. There are quite a few weak things happening in the ongoing economic restructuring process. However, promoting a high economic growth rate and economic restructuring always accompany each other, despite some constraints.

Yet, I should say, certain successes were achieved in the past few years. For example, in the public investment sector, fragmented investment, waste and the Incremental Capital Output Ratio (ICOR) dropped to 5.03 in 2014 from 6.2 per cent in 2010. I’m confident that when the new Law on Public Investment goes into effect this year, the picture for our public investment sector will look brighter.

During the process of restructuring our State-owned enterprises (SOEs), more than 140 SOEs have been equitised. Meanwhile, commercial bank restructuring has been on the right track, and we have been handling bad debt well. This offers a solid foundation for Viet Nam to achieve a high economic growth rate.

Do you have any worries about the economy?
What worries me about our economy is if we should continue to open it up or if should we stop. There are signs that the world economy is being restored, but it’s a slow process.

On the other hand, there appear to be many complicated issues in the world that might threaten global economic development. Meanwhile, our trade is quite open, so it’s very possible that negative things happening in the world could have an impact on our economy.

In light of all this, I suggest we be cautious. It is projected that in 2015, we will achieve an export turnover of $148 billion and import turnover of $146.5 billion.

So our import-export turnover will be about $294 billion, compared with our total GDP of $200 billion. In other words, our economy will be about 47 per cent open.

If our economy continues to become more open, our enterprises will face more difficulties, as their competitiveness is still low. This is a factor that will prevent our economy from developing in a sustainable manner. LINK

S3A CHAT MORE UPDATE, 31 JAN

@originalmarkz: Still on track.

  • The HK platform said, 72 hours for bond payouts, that skips monday......that`s Entertainment............Timber

  • I will tell you why you wont see this on monday......because congress is voting on the usa budget on monday for changes within the mirror, that doesn`t mean privates may not start it just means you won`t see it on Monday.............PT

    • PT-I have seen several post in the last few days about emails from the gen64 group. I would like to know if this is a new email list because I have been a member of the gen64/studley group for a couple of years now and the last email I received was in December. So I'm trying to find out if there are two different lists or what?

    • I can answer that !!This comes from kcmana,anyone that signed up prior to this recent new sign up is alset!No worries all previous members are safely on the list!!please do not email to inquire!!!! The group was asked by the Chinese to reopen the registration to add more people because they are trying to spread the wealth to more people!!!!!

    • Concur

    • Xoxoxo!!!!!! I concur your concur coz your cool!!!!!And your right a little nutbush never hurt anybody but a lot can kill ya!!!!!

THE STREET NEWS: Vietnam Is Becoming the 'New China' With Foreign Manufacturers, 31 JAN

TAIPEI, Taiwan (TheStreet) -- Vietnam may still be communist, but the Southest Asian country is all about business.
Helped by low costs and an eager government,  Vietnam is taking over China's role as Asia's hotspot for foreign investment in manufacturing.
While China's economy slows and labor becomes more expensive, Vietnam is becoming to go-to place for manufacturing, making cars for Ford and Toyota Motor Offshore capital is expanding now into high-value, high-tech assembly. Hanoi is working on rules to bring in more of it.
Chinese officials, worried about pollution and dependence on foreign capital, are promoting private domestic investment and consumer spending instead.
"The Vietnamese government welcomes most sectors with open arms and market entry, so licensing and operating have become much simpler than in China," says Ralf Matthaes, partner in the Ho Chi Minh City-based investment advisory Infocus Consultants.
There's now significant foreign investment in tech in Vietnam. PC processor icon Intel's has operated a $1 billion test and assembly plant in Ho Chi Minh City since 2010. Vietnam's largest foreign investor, Samsung Electronics , has made an $11 billion investment in production there. Apple   contractor Hon Hai Precision makes smartphone parts in Vietnam, as well.
China's government says Chinese economic growth fell to 7.4% in 2014, a 24-year low, partly on a modest 8.3% increase in industrial production, down from 9.7% a year earlier. The Chinese economy will grow 7.1% this year, the World Bank forecasts.
China still wildly outranks Vietnam in terms of total foreign direct investment. Its economy of $10.4 trillion, compared to Vietnam's of about $170 billion, had pulled in foreign direct investment of $119.6 billion last year. But that's up less than 2% over 2013.
Officials in Beijing are drafting a new foreign direct investment law to offer offshore projects more equal treatment alongside domestic peers. The law might scrap case-by-case reviews of foreign projects and let them into China with fewer restrictions, the country's state-run media say.
But rising wages and land prices over the past five years have frustrated foreign investors looking to cut costs in China, while skittish consumer demand challenges companies trying to sell their products for long-term profit despite a massive Chinese population.
Vietnam's foreign direct investment rose 60% year over year in the fourth quarter of 2014, to about $8 billion over those three months, the country's statistics office says.

That's because labor remains 20% to 23% lower in Vietnam than China, while once-common wildcat labor strikes have eased. Since 2011, after half a decade of economic problems, Hanoi has put a lid on inflation and currency devaluation. It assured investors after anti-China riots in May hit foreign-owned factories that things would settle down, and they did. Although the two sides hardly get along, they've talked enough since May tomake economic ties a high priority.
Vietnam's construction permit procedures number just half of China's. That's a relief to investors that intend to build factories, says market research firm Daxue Consulting in Beijing and Shanghai. To build a warehouse in Vietnam takes an average of 114 days, down from 244 in China, the advisory firm says. Credit is harder to get in China, it adds, while exports cost about $200 per container more in China.
Vietnam has been able to compete better in the "global value chain" as wages grow in China and the 10-member Southeast Asian trading bloc ASEAN "get their act together" to increase competitiveness, says Adam McCarty, chief economist with Mekong Economics in Hanoi.
"Vietnam picks up goods outsourcing that once went to China, while the Philippines picks up services outsourcing that once went to India," McCarty says.
Vietnamese officials are believed to be revising codes this year to let foreigners own majority stakes in Vietnamese companies and own property outright for investment reasons, two new boosts to foreign direct investment.
"All these barriers shall actually become benefits for investors and should propel Vietnam's overall GDP and investment climate forward, as China begins to slow," Matthaes says. LINK

KTFA CHAT UPDATE, 31 JAN

DELTA:  WALKINGSTICK….THANK YOU BROTHER FOR THE ARTICLES..

FAMILY I WOULD LIKE TO REMIND YOU OF THE ARTICLE THAT CAME OUT ON 12/10/14.

The Rafidain Bank in Dhi confirmed that the introduction of ATM depends on the zeros out currency

Wed, 10 Dec 2014 time: 19: 50  News Network Al-Ahmed Hassan:

The Director of Rafidain Bank in Dhi Hussein Al-Abbadi said in an interview televised moved local enter Nasiriyah TV ATM markets and banks is subject to the application of the decision to delete the zeros of the Iraqi currency, pointing out that the Iraqi currency suffer from inflation in the current time.   LINK
DELTA: IT LOOKS LIKE THEY GOT THE GREEN LIGHT FROM CBI.. DELTA
(See Articles Below)
....
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Aggiedad77:  Great news Delta....thank you brother for the reminder from December

Green lights are good.....sure would like to hear the CBI or Dr. S crowing in some way too

Maybe it is time for celebration....maybe…..Still exercising some caution with this at this point

Aloha  Randy

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DELTA » January 31st, 2015, 4:45 pm  •   URGENT FROM IRAQIA TV:

February 12 starting economic strategy    DELTA

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Aggiedad77:
  Great to hear brother…There was an article out this morning that spoke of February 12th also.....below is what I wrote on it....confirms what you are hearing on Iraqia TV too.

Teamwork!!!

From my post this morning:

Government launches national strategy to develop and nurture the private sector next month

I am predicting a high gear to be used by the Iraqi government in the coming days and weeks that we have never seen the like of before.....here we have the COM making a rare Saturday appearance to announce a new national strategy that will see the development and implementation of things within the private sector....by the middle of February.....

Great galloping horses.....watch them get in a hurry.....things are evolving.....the flowers are blooming....the mushrooms are growing....the grass is greening.....Iraq is wanting to blossom....

Pay attention to the 12th of FEBRUARY.....PM Abadi has a plan....and I believe he has that PLAN in hand.....wait for it.   Aloha   Randy

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DELTA:  YOU ARE WELCOME .. BINGO BROTHER ...

ABABDI WITH THE HELP OF CBI WILL SEE CHANGES BEFORE THE 12TH.

YES WE SHOULD ALL START THE CELEBRATION
walkongstick wrote on January 31st, 2015, 9:59 am:  COMPILATION.....

Rafidain Bank announces the issuance of card "MasterCard" to its customers inside and outside Iraq
SATURDAY, DECEMBER 31 2 / JANUARY 2015 09:13


Twilight News / said the Rafidain Bank , on Saturday, he began issuing card "MasterCard" to its customers in its branches inside and outside Iraq.

A statement issued by the bank stated for "Twilight News", "The bank issued a pilot cards (MasterCard), where the availability of used all over the world for being a manifestation of modernism in the banking business," noting that "this service check several privileges the most important dispensed the use of paper money. "

The statement added that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

http://www.shafaaq.com/sh2/index.php/news/economy-news/90336--q-q-.html

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Rafidain Bank announces the issuance of card "MasterCard" to its customers inside and outside Iraq
BAGHDAD / squares of liberation

Posted 31/01/2015 07:43 AM

Rafidain Bank, announced, he began issuing card "MasterCard" to its customers in its branches inside and outside Iraq.

A statement issued by the bank stated for "squares of liberation", "The bank issued a pilot cards (MasterCard), where the availability of used all over the world for being a manifestation of modernism in the banking business," noting that "this service check several privileges the most important dispensed the use of paper money. "

The statement added that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

http://www.altahreernews.com/inp/view.asp?ID=25386

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Issuing MasterCard card for Iraqis inside and outside

Follow-up / newspaper Alostqama_ announced Rafidain Bank, on Saturday, for Mbacherth issuing MasterCard card to its customers in its branches inside and outside Iraq.

A press release of the bank, today, that "the bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business."

He explained that "this service check several privileges the most important dispense the use of paper money."

The statement noted that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash," .anthy 11

http://alestiqama.com/?p=148820

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Rafidain Bank proceed to issue MasterCard card to customers inside and outside Iraq

Author: Bian5 on: Saturday 1/31/2015 9:20

News Source: Baghdad

BAGHDAD / WAP / Rafidain Bank announced Mbacherth issuing MasterCard card, in its branches inside and outside Iraq.

The Information Office of the Bank said in a statement Saturday that "the bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business." He added, "This service is the most important check several privileges dispensed using paper money, pointing out that he can be the cardholder also drag his money from his own account in any province or state where online without the need to carry cash," ./ over.

http://www.baghdadiabian.com/news.php?action=view&id=86619

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Rafidain Bank issued "MasterCard" card to its customers inside and outside Iraq

Agency eighth dayJanuary 31, 2015, 9:33
BAGHDAD - ((eighth day))


Rafidain Bank, said on Saturday, he began issuing card "MasterCard" to its customers in its branches inside and outside Iraq.

A statement issued by the bank that "the bank issued a pilot cards from" MasterCard "offering used throughout the world for being a manifestation of modernism in the banking business," noting that "this service check several privileges the most important dispense with the use of paper money."

The statement added that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

http://8th-day.com/?p=94365

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Rivers proceed to issue MasterCard card to customers inside and outside Iraq

31/01/2015

BAGHDAD / JD / .. Rafidain Bank announced Mbacherth issuing MasterCard card in its branches inside and outside Iraq, while noting the possibility to withdraw his money from the cardholder's account in any province or state.

The bank said in a statement received / JD / copy of it: that the bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business. He pointed out that this service check several privileges the most important dispense the use of paper money.

He added that the bank cardholder can also withdraw his money from his own account in any province or state where online without the need to carry cash.
It is noteworthy that the Rafidain Bank was established by Law No. (33) for the year 1941 and started operations in 1941 with a paid-up capital of 50 000 Iraqi dinars.

Over the bank several stages during his historic first represented his presence as the first national bank practiced commercial banking among many foreign banks.

And began the gradual expansion within Iraq then has gone through multiple integration began in 1964, included the commercial banks that were operating in Iraq, where he was in 1974, consolidated with the Rafidain Bank, which became the only commercial bank in Iraq.

In 1998, the bank saw a new development is its transformation into a public company wholly owned by the state in accordance with the provisions of the Public Companies Law No. (22) of 97 in order to contribute to the national economy in the field of commercial banking and investment funds and to provide funding for the various sectors in accordance with the development plans in the framework of economic and financial policies and cash for the state.

The number of bank branches currently 147 branches in Iraq, in addition to (8) branches in a sawmill in some Arab cities, namely: Cairo, Beirut, Abu Dhabi, Bahrain. / End / 22 /

http://www.dananernews.com/News_Details.php?ID=5496

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Rafidain Bank proceed to issue MasterCard card to its customers in the inside and outside Iraq

31/01/2015 11:17
Tomorrow Press / Baghdad: Rafidain Bank announced on Saturday, for Mbacherth issuing MasterCard card in its branches inside and outside Iraq.

The Information Office of the Bank said in a statement received by "tomorrow Press", "The bank issued a pilot of MasterCard cards, providing he used all over the world for being a manifestation of modernism in the banking business."

He added, "This service is the most important check several privileges dispensed using paper money," noting that "it is possible for the cardholder also withdraw his money from his own account in any province or state where online without the need to carry cash."

It is noteworthy that the banking systems in the most advanced countries in the world use the ironing Card System to withdraw money, makes it easier for travelers and traders many things and keep them away from the risk of theft of money. LINK

MILLIONDAY, EXOGEN & S3A UPDATE, 31 JAN

1-31-15 Millionday: [Do you think we are still on the 15 day schedule for the signing of the Budget?] THE PRESIDENT TOLD PARLIAMENT THEY COULD NOT TAKE A HOLIDAY TO RUSH THE BUDGET AND CBI HAS FUNDED THE DEVELOPMENT BANK SO I WOULD THINK IT WAS SOONER DUE TO THE HUGE RUSH AND THE CONFERENCES ETC THAT ARE SCHEDULED -- BUT AT THE END OF THE DAY IT IS ALL UP TO THE PRESIDENT.
[Do you have access to the Gazette once everything is printed?] THE GAZETTE IS NOT ON-LINE -- HOWEVER IT WILL BE TOLD IN A PRESS STATEMENT SO IT WILL BE KNOWN RIGHT AWAY.

1-31-15 
EXOGEN: Article: "Rafidain Bank issued card [MasterCard] to customers both inside and outside Iraq.THIS IS BIGGER THAN GIGANTIC NEWS. [Santa is on his way!!!!YES!!


S3A:


  • Netdania (Danish FX site) overnight rate for Dong at $2.38 as of this morning Sat 31 January hardly shows that Vietnam can support only $0.08 per Dong!! This is proof of the smelly smoke coming from our "friends" in Washington DC who "instructed" Tony & DC guy to repeat that rumor. In their dreams!! Like Tony & DC said, even if the UST comes out with that low a rate for the Dong, one good option is to exchange some of our Dong and then go out and buy trillions more and wait 6-12 months till the UST rate goes up to the $1-2 plus rate showing outside this country as Netdania proves: http://netdania.com/Products/FullQuote/FullQuote.aspx?symbol=USDVND...
    • In my humble opinion once you exchange and sign an NDA, I believe they will prohibit you from buying more at the low present rates if they are still available.

    • Most NDA's will prohibit tallking about your investment (rates received etc)., NOT to be confused with your ability to buy more currency.

    • HOWEVER, in the case of the dinar and dong, currency dealers will adjust their prices. It is probably THEN no longer an attractive purchase as it is now...depending on your desired return, of course.

    • I agree that's possible. Thanks F.O. Then our next best option is to exchange only some and wait on the rest till the Dong goes up to world rate level.