Latest news with #Public
Jordan News
8 hours ago
- Business
- Jordan News
Central Bank: Public Debt Servicing Rose by 14.4% Last Year - Jordan News
Central Bank: Public Debt Servicing Rose by 14.4% Last Year The Central Bank of Jordan's annual report on the National Payments System revealed a 14.4% increase in public debt servicing in 2024 compared to 2023. اضافة اعلان According to the report, public debt servicing reached JD 4.8 billion last year, up from JD 4.2 billion in 2023. The report noted that the increase included interest payments on public debt issuances, which amounted to JD 1.1 billion in 2024, compared to JD 997 million the previous year—an increase of 19.4%. The total value of public debt instruments issued in the market reached approximately JD 5.5 billion, up from JD 5.2 billion in 2023, reflecting a 6% increase. These issuances included bonds, sukuk, treasury bills, and other debt instruments, and were aimed at meeting government financing needs. The report also highlighted that the Public Debt Management and Open Market Operations System (DEPO/X), operated by the Central Bank of Jordan, is an integrated system for the registration and settlement of government securities. The system is designed to enhance the efficiency of trading and settlement processes for government securities. It integrates seamlessly with the Real-Time Gross Settlement (RTGS) system, allowing banks to trade government securities securely and flexibly through buy-sell transactions. Source: Al Mamlaka TV
Borneo Post
4 days ago
- General
- Borneo Post
MCC: Display state flags properly ahead of Sarawak Day celebration
MCC through its Public Health Section, urged the public, premises owners, agencies, and companies to make sure their flags are not faded, torn, or improperly displayed. – Bernama photo MIRI (July 17): All parties in Miri have been reminded to ensure that Sarawak state flags displayed in conjunction with Sarawak Day this July 22 are in good and respectful condition. In a statement today, the Miri City Council (MCC) through its Public Health Section, urged the public, premises owners, agencies, and companies to make sure their flags are not faded, torn, or improperly displayed. 'All parties are also requested to ensure that the flags being flown are in good condition, not faded, and are displayed in accordance with proper protocol guidelines, in line with the ethics and respect for the state flag,' it said. The council also called for strong cooperation to support the campaign and enhance the spirit of unity and pride as the state marks this significant occasion. Premises across Sarawak are encouraged to fly the state flag as a show of love, support, and patriotism. This year's Sarawak Day celebration will be hosted in Miri from July 20 to 22. mcc miri sarawak day Sarawak flag
India.com
5 days ago
- Business
- India.com
Anil Ambani preparing for a comeback? Reliance Power board approves fundraising plan worth Rs..... through...
Anil Ambani, once India's industrial titan, is now taking big steps to revive his primary company, Reliance Power. On Wednesday, Reliance Power approved an ambitious plan to raise Rs 6,000 crore, signalling the Anil Ambani group's intent to revive its energy business. What is the total amount Reliance Power aims to raise through this plan? According to a Mint report, the power company plans to raise Rs 6,000 crore through either a Qualified Institutional Placement (QIP), a Follow-on Public Offer (FPO), or a combination of QIP and FPO. Moreover, it is also planning on issuing either secured or unsecured, redeemable, non-convertible debentures (NCDs) amounting to Rs 3,000 crore. In an exchange filing on Wednesday, Reliance Power stated, 'We hereby inform you that the Board of Directors, at its meeting held today, i.e., Wednesday, July 16, 2025, has, inter alia, approved seeking enabling authorization from the members for raising funds up to ₹ 6,000 crore through the issuance of equity shares and/or equity linked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and /or follow on public offer or a combination thereof.' It further reads, 'issuance of secured/unsecured, redeemable, non-convertible debentures up to ₹3,000 crore, in one or more tranches/series, on a private placement basis or otherwise.' Who is behind Reliance Power's latest fundraising plan? In addition, the company plans to issue secured or unsecured, redeemable, non-convertible debentures (NCDs) of up to Rs 3,000 crore in one or more tranches. The NCDs can be issued through private placement or other means. The detailed terms and conditions will be finalized later, upon shareholder approval. 'Details and terms of issue of the said securities will be determined by the Board in terms of the approval of the shareholders at an appropriate time,' it added. Following the announcement, Reliance Power's shares fell by 4.80% to close at Rs 49.59. However, market experts said this fundraising plan is very important for restoring the financials of Reliance Power. Having faced difficulties regarding levels of loans and other financial obligations recently, Reliance Power will apply this new capital to firm up its operations and accelerate its growth intentions in the future. The Anil Ambani Group is attempting to make real progress in reviving many of its businesses. The Rs 6,000 crore fundraising plan will effectively bolster the company's cash flow and also increase optimism that Anil Ambani is about to take center stage again as a CEO. The company is no longer going backward. Clearly, the capital infusion will assist Reliance Power in advancing to the next level, and to see whether it can reestablish its power in India's energy sector.
Barnama
5 days ago
- Business
- Barnama
JKR Labuan Clinches Third Place In National Innovation Award
LABUAN, July 16 (Bernama) -- The Labuan Public Works Department (JKR) has done the Federal Territory proud by clinching third place in the Best State Public Works Management Innovation Award at the 2025 Public Works Department Senior Officers' Conference (SOC). The annual three-day conference, held from July 14 to 16 in Terengganu, was officiated by Works Minister Datuk Seri Alexander Nanta Linggi and attended by over 400 senior JKR officers, including top management, district engineers and technical experts from across the country. The SOC serves as a strategic platform to strengthen professionalism and enhance service delivery within the department through sustainable and holistic practices.
IOL News
6 days ago
- Politics
- IOL News
Public Protector Gcaleka vows impartiality in investigation of former boss Senzo Mchunu
Public Protector advocate Kholeka Gcaleka vows impartial investigation into her former boss, Minister Senzo Mchunu. Image: Armand Hough/Independent Newspapers As the Public Protector's office prepares to investigate Police Minister Senzo Mchunu over allegations of abuse of power and misconduct, Public Protector Kholeka Gcaleka has stated her commitment to maintaining impartiality throughout the process despite past ties. Gcaleka, who previously served as Special Advisor to Mchunu during his tenure as Minister of the Department of Public Service and Administration, assured the public that her office's investigation would adhere to the highest standards of constitutional integrity. The investigation was initiated last week following a complaint by the African Transformation Movement (ATM), which accused Mchunu of collusion with prominent business people and alleged involvement in obstructing investigations into criminal activities within the South African Police Service (SAPS). The ATM's allegations are backed by WhatsApp messages, audio recordings, and financial documents suggesting Mchunu's links to figures like Brown Mogotsi and Vusimuzi 'Cat' Matlala, who faces murder charges. In response to questions about a potential conflict of interest, Gcaleka told IOL that her office's adherence to constitutional mandates remains intact. "The constitution requires my office to act independently and impartially. To ensure objectivity, all investigations are subjected to rigorous review processes, including evaluations by senior investigators and legal teams.' 'Section 13(a) of the Public Protector Act mandates that all members serve independently and without bias. Our investigative procedures are designed to uphold these principles, regardless of previous associations,' said Ndili Msoki, PPSA Legal Advisor. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The ATM's complaint, led by Member of Parliament Vuyo Zungula, alleges that Mchunu may have engaged in misconduct by disbanding the SAPS political killings task team, allegedly delaying investigations into politically sensitive cases, and possibly influencing the awarding of a R360 million contract to Matlala. Zungula urged the Public Protector to probe whether Mchunu's actions violated the Executive Members Ethics Act (EMEA) 1998. Gcaleka assured that her office would thoroughly investigate all allegations, including whether Mchunu lied about his relationship with Mogotsi in parliamentary sessions and whether there was undue influence in the awarding of contracts. However, she also acknowledged that due to the scope of the complaints, the investigation might take longer than the 30 days stipulated by law. Meanwhile, President Cyril Ramaphosa announced plans to establish a commission of inquiry to examine the allegations against Mchunu. 'We are committed to transparency and accountability,' Ramaphosa said. 'The commission will ensure that all concerns are thoroughly examined, and justice is served.' Gcaleka reaffirmed her office's dedication to conducting a fair and independent investigation. 'Our duty is to uphold the rule of law and protect the integrity of public institutions. I am confident that, through a transparent process, we will arrive at the truth,' she stated. IOL Politics
