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Timor-Leste Petroleum Fund
The Timor-Leste Petroleum Fund ( pt, Fundo petrolífero de Timor-Leste) is a sovereign wealth fund into which the surplus wealth produced by East Timor petroleum and gas income is deposited by the East Timorese government. The fund was established in 2005 with an opening balance of $205 million. As of 31 December 2010, the capital of the fund was US$6.9 billion. The fund signed up to the Santiago Principles on best practices for managing Sovereign Wealth Funds and joined the International Forum of Sovereign Wealth Funds. As a member it publishes how it adopts and implements the principles within its governance procedures. In December 2021 the fund had US$18.5 billion in assets under management. Finances Earnings Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due. For an analysis of specific aspects of corporate operations several more specific terms are used as EBIT (earnings before intere ... of the fund were a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Timor
East Timor (), also known as Timor-Leste (), officially the Democratic Republic of Timor-Leste, is an island country in Southeast Asia. It comprises the eastern half of the island of Timor, the exclave of Oecusse on the island's north-western half, and the minor islands of Atauro and Jaco. Australia is the country's southern neighbour, separated by the Timor Sea. The country's size is . Dili is its capital and largest city. East Timor came under Portuguese influence in the sixteenth century, remaining a Portuguese colony until 1975. Internal conflict preceded a unilateral declaration of independence and an Indonesian invasion and annexation. Resistance continued throughout Indonesian rule, and in 1999 a United Nations–sponsored act of self-determination led to Indonesia relinquishing control of the territory. On 20 May 2002, as ''Timor-Leste'', it became the first new sovereign state of the 21st century. The national government runs on a semi-presidential system, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santiago Principles
The Santiago Principles or formally the Sovereign Wealth Funds: Generally Accepted Principles and Practices (GAPP) are designed as a common global set of 24 voluntary guidelines that assign best practices for the operations of Sovereign Wealth Funds (SWFs). They are a consequence of the concern of investors and regulators to establish management principles addressing the inadequate transparency, independence, and governance in the industry. They are guidelines to be followed by sovereign wealth fund management to maintain a stable global financial system, proper controls around risk, regulation and a sound governance structure. As of 2016 30 funds have formally signed up to the Principles and joined the IFSWF representing collectively 80% of assets managed by sovereign funds globally or US$5.5 trillion. The principles are maintained and promoted by the International Forum of Sovereign Wealth Funds (IFSWF) and whose membership have to either have implemented or aspire to implement t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Forum Of Sovereign Wealth Funds
The International Forum of Sovereign Wealth Funds (IFSWF) is a nonprofit international group of sovereign wealth funds managers which was established in 2009. It is based in London, England. History In 2009, a group of 23 leading state-owned international investors from around the world established the IFSWF's precursor, the International Working Group of Sovereign Wealth Funds, following discussions with global groups such as the G20, International Monetary Fund, IMF, and the U.S. Department of Treasury in 2007 and 2008. The Working Group created a set of Generally Accepted Principles and Practices, better known as the "Santiago Principles", for sovereign wealth funds' institutional governance and risk-management frameworks. Following the Kuwait Declaration in 2009, the International Working Group became the IFSWF with the mandate of helping members implement the Principles. Overview As of February 2018 IFSWF had 32 members, including some of the world's largest sovereign we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Earnings
Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due. For an analysis of specific aspects of corporate operations several more specific terms are used as EBIT (earnings before interest and taxes) and EBITDA (earnings before interest, taxes, depreciation, and amortization). Many alternative terms for earnings are in common use, such as income and profit. These terms in turn have a variety of definitions, depending on their context and the objectives of the authors. For instance, the IRS uses the term profit to describe earnings, whereas for the corporation the profit it reports is the amount left after taxes are taken out. Non-routine earnings The use of intellectual property generates non-routine profits. Those are often an order-of-magnitude greater than routine earnings.John Hand and Baruch Lev (editors): Intangible Assets, Values, Measures. and Risks; Oxford University Press, 2003. Non-routine profits are essenti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dagens Næringsliv
''Dagens Næringsliv'' (Norwegian for "Today's Business"), commonly known as ''DN'', is a Norwegian newspaper specializing in business news. , it is the third-largest newspaper in Norway. Editor-in-chief is Janne Johannessen, who was appointed in december 2021, as the first female in this position. ''Dagens Næringsliv'' is owned by media conglomerate Norges Handels og Sjøfartstidende (NHST Media Group), which also owns DN Nye Medier, DN.no ''Tradewinds'', ''Upstream'', '' DagensIT'', '' Smartcom'', Nautisk Forlag, ''Intrafish'', '' Fiskaren'', '' Europower'' and ''Recharge''. The paper has correspondents in New York, Brussels, Stockholm, Phuket, Kristiansand, Stavanger, Bergen, Trondheim and Tromsø. Its main editorial offices are in Oslo. History and profile The paper was founded by Magnus Andersen in 1889. Originally named ''Norges Handels og Sjøfartstidende'' (''Norway's Trade and Seafaring Times''), it was renamed ''Dagens Næringsliv'' in 1987. The paper has a neolibe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morten Haabeth Grindaker
Morten is a common given name in Norway and Denmark. Approximately 22,138 have this name as a given name in Norway and about 52 people have it as a surname. Notable people with the name include: *Morten Abel, Norwegian singer *Morten Andersen, Danish kicker in American football *Morten Arnfred, Danish film director and screenwriter *Morten Berglia, Norwegian orienteering competitor *Morten Berre, Norwegian footballer *Morten Bertolt, Danish footballer *Morten Bisgaard, Danish footballer *Morten Bo, Danish photographer *Morten Breum, Danish DJ and producer known by his mononym Morten *Morten Bruun, Danish football player * Morten Brørs, Norwegian cross-country skier *Morten Børup, Danish educator *Morten Stig Christensen, Danish handball player, TV host and TV executive *Morten Daland, Norwegian handball player *Morten Djupvik, Norwegian show jumping competitor *Morten Dons, Danish racing driver *Morten Eriksen, Norwegian footballer *Morten Finstad, Norwegian ice hockey player *Mor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Funds
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of East Timor
The economy of East Timor is a low-income economy as ranked by the World Bank. It is placed 133rd on the Human Development Index, indicating a medium level of human development. 20% of the population is unemployed,East Timor ''''. . and 52.9% live on less than $1.25 a day. About half of the population is |
Energy In East Timor
East Timor consumes 125 GWh of electricity per annum, an average of 95 kWh per person. The country has about 270 MW of electricity capacity, 119 MW in the city of Hera. Most of the energy infrastructure was destroyed by the Indonesian militias during the 1999 East Timorese crisis. In 2005, the government identified the high price of electricity (US$0.20 per kWh) as a deterrent to development. Gariuai Hydroelectric Plant is the country's only hydro plant, with a production capacity of 326 kW. Many people rely on diesel generators. A feasibility study of 2007–10 concluded that the country had huge potential for renewable energy. See also * Energy in Indonesia * List of power stations in East Timor * Rural electrification * List of renewable energy topics by country This is a list of renewable energy topics by country and territory. These links can be used to compare developments in renewable energy in different countries and territories and to help and encourage new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
