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The Week Ahead - IPI, Top Glove, Japan GDP, China trade, US inflation


Close watch on IPI, Top Glove
THE industrial production index (IPI) and manufacturing sales are expected to be announced on Friday.
Economists said the IPI for January is expected to be down from December 2020.
Malaysia’s IPI grew 1.7% in December, compared to the same month of the previous year. For the full year, IPI shrank 4.2% from a year earlier, its first contraction since 2009.
is expected to announce its financial results for the second quarter ended Feb 28 tomorrow.
Analysts expect Top Glove to report RM2.4bil in net income and a revenue of RM5.5bil in the second quarter.
They expect the average selling price (ASP) of rubber gloves to remain robust. It reported a net profit of RM2.37bil on a revenue of RM4.75bil in the first quarter ended Nov 30,2020. Separately, Top Glove aims to raise up to RM7.77bil in an initial public offering on the Stock Exchange of Hong Kong Ltd. ....

Hong Kong , Top Glove Corp Bhd , Market Committee , Stock Exchange Of Hong Kong Ltd , Federal Reserve , Top Glove Corp , Top Glove , Stock Exchange , June Federal Open Market Committee , Corporate News , Japan Gdp , China Trade , Us Inflation , ஹாங் காங் , மேல் கையுறை கார்ப் ப்ட் , சந்தை குழு , ஸ்டாக் பரிமாற்றம் ஆஃப் ஹாங் காங் லிமிடெட் , கூட்டாட்சியின் இருப்பு , மேல் கையுறை கார்ப் , மேல் கையுறை , ஸ்டாக் பரிமாற்றம் , ஜூன் கூட்டாட்சியின் திறந்த சந்தை குழு , பெருநிறுவன செய்தி , ஜப்பான் ஜீடீபீ , சீனா வர்த்தகம் , எங்களுக்கு வீக்கம் ,

Casino commission chairman questions IPI's 'financial suitability' | News


ASIDE from hearing the complaints about Imperial Pacific International’s failure to meet its obligations, the Commonwealth Casino Commission also questioned the casino investor’s financial suitability.
During Tuesday’s evidentiary hearing on Commission Complaints 2020-003, 2020-004 and 2020-005, Commission Chairman Edward C. Deleon Guerrero reminded IPI counsel, Tiberius Mocanu, of the casino law, which requires IPI to be financially suitable.
He also told the IPI attorney that the casino commission has “not only the authority but an obligation to enforce the requirement of the law.”
Deleon Guerrero likewise informed Mocanu that the Attorney General’s Office has provided the commission an opinion defining financial suitability as, among other things, having the ability to pay its vendors. ....

Andrew Yeom , Mike Ernest , Edwardc Deleon Guerrero , Deleon Guerrero , Commission Complaints , Imperial Pacific International , Commonwealth Casino Commission , Commission Chairman Edward , Tiberius Mocanu , Attorney General , Assistant Attorney General Mike Ernest , Financial Suitability , மைக் அர்நெஸ்ட் , தேலேோன் கெரெரோ , தரகு புகார்கள் , ஏகாதிபத்தியம் பெஸிஃபிக் சர்வதேச , காமன்வெல்த் கேசினோ தரகு , தரகு தலைவர் எட்வர்ட் , வழக்கறிஞர் ஜநரல் , உதவியாளர் வழக்கறிஞர் ஜநரல் மைக் அர்நெஸ்ட் ,

NMI government: IPI owes over $10M in taxes


THE CNMI Department of Finance-Division of Revenue and Taxation has submitted three notices of tax lien against all the properties and rights to property of Imperial Pacific International LLC in the U.S. Department of Labor consent judgment proceeding in federal court.
Assistant Attorney General Dustin Rollins on Thursday stated that in accordance with the Northern Marianas Territorial Income Tax, “a Commonwealth tax lien has priority over any lien or encumbrance not perfected prior to the Commonwealth recording its tax lien notices.”
The total amount of the tax lien against IPI is $10,405,815.88.
Richard F. Santos, collection and remittance branch manager of the CNMI Division of Revenue and Taxation, said taxes (including interest and penalties) have been assessed against IPI, adding that “demand for payment of this liability has been made but it remains unpaid.” ....

Richardf Santos , Us Department Of Labor , Imperial Pacific International , Division Of Revenue , Attorney General Dustin Rollins , Northern Marianas Territorial Income Tax , Tax Lien , Cnmi Government , எங்களுக்கு துறை ஆஃப் தொழிலாளர் , ஏகாதிபத்தியம் பெஸிஃபிக் சர்வதேச , பிரிவு ஆஃப் வருவாய் , வழக்கறிஞர் ஜநரல் டஸ்டின் ரோலின்ஸ் , வடக்கு மரியானாஸ் பிராந்திய வருமானம் வரி , வரி உரிமை ,

Dotts: Receivership could result in 'full liquidation' of IPI | News


THE amount of Imperial Pacific International LLC assets that need to be sold could exceed $10 million, IPI attorney Michael Dotts told the federal court on Wednesday.
Because IPI CNMI is facing multiple lawsuits, he said the court-ordered receivership “could also develop into the full liquidation of the company to satisfy other judgments or provide the framework for a liquidation process.”
According to an online business dictionary, “the term liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants.”
Dotts said the baseline amount that the receiver needs to raise to purge IPI, IPI Holdings Ltd., and IPI chairwoman Cui Li Jie of contempt is $1,982,793. ....

Civille Tang , Joyce Tang , Ramonav Manglona , Michael Dotts , Cui Li Jie , Us Department Of Labor , Retirement Fund , Holdings Ltd , Settlement Fund , District Court , Imperial Pacific International , Judge Ramona , Public Law , Third Senatorial District , மகிழ்ச்சி டாங் , மைக்கேல் புள்ளிகள் , சுத்தி லி ஜிே , எங்களுக்கு துறை ஆஃப் தொழிலாளர் , ஓய்வு நிதி , ஹோல்டிங்ஸ் லிமிடெட் , தீர்வு நிதி , மாவட்டம் நீதிமன்றம் , ஏகாதிபத்தியம் பெஸிஃபிக் சர்வதேச , நீதிபதி ரமோனா , பொது சட்டம் ,