Michigan s Economic Future and MEDC Initiatives

Size: px
Start display at page:

Download "Michigan s Economic Future and MEDC Initiatives"

Transcription

1 Michigan s Economic Future and MEDC Initiatives Doug Smith, Senior Vice President, Governmental Affairs & Strategic Partnerships Michigan Economic Development Corporation Apartment Association of Michigan November 21, 2014

2 Pace of Change In 1920 S&P 500 Companies - 67 years In 2015 S&P 500 Companies - 15 years In 10 years 40% of Fortune 500 will not exist Company Changes (Kodak) $28 billion (market cap) bankrupt 140,000 employees 17,000 XIAOMI (Shau Me) 1.5 years $12 billion (market cap)

3 Pace of Change Global Population 7 billion Internet connections % % (40% of 7 billion connected in 5 years)

4 5,500,000 Employment Levels in Michigan 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 Jan 2000 Jan 2002 Jan 2004 Jan 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Source: Michigan Bureau of Labor Market Information & Strategic Initiatives, LAUS - seasonally adjusted Shaded areas denote NBER (Nat'l Bureau of Economic Research) defined national recessions

5 Real GDP by state (millions of chained 2009 dollars) Levels Bureau of Economic Analysis All industry total Fips Area Michigan 423, , , , , , , , , , , , , ,218 Legend / Footnotes: Note-- NAICS Industry detail is based on the 2007 North American Industry Classification System (NAICS). Last updated: June 11, advance statisticss for 2013 and revised statistics for ,000 Inflation-adjusted Gross State Product 420,000 Millions of U.S. Dollars 400, , , , , Source: U.S. Bureau of Economic Analysis. Inflation-adjusted, chained 2009 dollars. Shaded areas denote NBER (Nat'l Bureau of Economic Research) defined national recessions

6 Business Climate and Development Talent Enhancement Community Development Image Enhancement!

7 Leveraging Change in Michigan Business Tax Reform Eliminated MBT, new 6% CIT Personal property tax phase out Corporate tax rank #7 from #49-3rd among the nation s 12 largest states Reinvented Government Eliminated a $1.5 billion state budget deficit Repaid $3.2 billion Unemployment Trust Fund balance Eliminated state rules and regulations Michigan became the 25th Right to Work state

8 1521 Regulations and Rules have been eliminated! Insurance & Finance Working to eliminate unnecessary operating requirements Environmental 11% of DEQ Rules have been recommended for elimination Workplace Safety 624 recommended changes to 334 separate MIOSHA rules and the work continues Liquor Control Encouraging growth of Michigan s craft brewing and wine industries Occupational Licensing Reducing barriers to entry for 18 professions Inspections & Permitting Creating a streamlined and predictable inspections and permitting process for construction projects

9

10 Prosperity Regions 1. State aligned resources team work 2. Regional inventory of economic development assets regional economic growth vision 3. Encourage and support collaboration Outcome: state no longer seeks one issue one answer

11 Reinvention Eligibility Economic Development Asset Based Economic Development

12 New Practice of Business Development 1. New Customers (PMBC, Export, PTAC-Defense) 2. Talent 3. Access to Capital

13 PureMichiganB2B.com A public-private initiative developed to uncover and develop new business opportunities and support services for Michigan companies.

14 Why? New Michigan Business = $8 Billion $197,000 Increase in New Business = 1 New Job $8 Billion = 40,000 Jobs $1.8 Billion new contracts generated for Michigan businesses!

15

16 FY 2012: 132 Companies Entered 62 New Markets Finland, 1 Kosovo, 1 Netherlands, 2 Canada, 31 Romania, 1 Poland, 3 Mexico, 8 Bahrain, Egypt, 1 1 Israel, 1 Jordan, 2 Kuwait, 2 Oman, 2 Qatar, 4 Saudi Arabia, 6 Sweden, 1 Ukraine, 1 South Africa, 4 Turkey, 2 UK, 5 Switzerland, 4 Spain, 2 Slovenia, 1 Russia, 2 Norway, 1 Netherlands, 2 UAE, 7 Argentina, 3 Aruba, 1 Brazil, 19 Italy, 7 Belgium, 1 Hungary, 1 Chile, 2 Germany, 16 Colombia, 2 Costa Rica, 4 Dominican Republic, 1 Panama, 2 Peru, 1 Suriname, 1 Uruguay, 1 Nicaragua, 1 El Salvador, 1 Honduras, 1 Guatemala, 1 Belize, 1 Australia, 3 France, 14 Denmark, 1 Austria, 2 Brunei, 1 Vietnam, 4 Thailand, 4 Singapore, 6 India, 12 New Zealand, 1 Malaysia, 2 Japan, 5 Korea, 2 Indonesia, 1 China, 40

17 Top 10 Countries for Michigan Exports (Values in USD, Source: Top 5 Food and Agriculture Markets in 2010 in Descending Order: Canada, Mexico, Japan, South Korea and China (Source: U.S. Department of Agriculture)

18 Access to Capital Grants Business Development & Community Revitalization Programs, $120 million Michigan Film Incentive Program, $50 million Loans Collateral Support and Loan Participation Programs, $100 million Grow Michigan, $50 million Equity State investments of over $675 million in venture capital and private equity firms who are required to invest in Michigan companies

19 Talent Enhancement Programs Addressing the skills gap Skilled Trades Training Fund Michigan Advanced Technician Training (MAT 2 ) Connecting employers to workers Michigan Works! Agencies Virtual and physical job fairs Helping seasoned professionals re-skill Shifting Gears Connecting workers to permanent employment Community Ventures

20 How are we doing? Michigan is America s comeback state #1 on the list of states that recovered most from the Great Recession In 2011, the Michigan economy grew 2.3%, the 6th best growth rate in the U.S. Corporate tax rank #7 from #49-3rd among the 12 largest states Today, we have 177,000 new payroll jobs Unemployment is 8.8% down from 14.2% in 2009 Michigan home sales were up 10% in 2012 Michigan ranks #3 for high-tech job growth Michigan employers are saving $1 Billion in unemployment costs Moody s and Standard & Poor s revised Michigan s outlook to positive Fitch Ratings improved Michigan s general obligation bonds from AA- to AA

21 Jobs Auto supports 513,300 jobs in Michigan 14.6% of Michigan s workforce is employed in automotive % of all direct auto jobs in the United States are in Michigan 3 Industry Presence Michigan is home to 61 of the top 100 North American automotive suppliers 4 Michigan produces 23% of the vehicles in the nation, more than any other state Michigan leads U.S powertrain production with 31% of engine and 26% of transmission output Michigan is Automotive! State Revenue The auto industry generates $2.8 Billion in direct taxes and fees to Michigan s Treasury in 2010 Direct automotive jobs generate $14.5 Billion in personal income in Michigan Technology & Talent Michigan is the automotive R&D hub with 370 R&D centers and more than 70% of all U.S. automotive R&D spending Michigan ranks #1 nationally in concentration of engineers, with 65,000 industrial, mechanical, and electrical engineers Michigan has 650 automotive education programs offered at 91 institutions

22 marketing-toolkit

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 3/7/2018 Imports by Volume (Gallons per Country) YTD YTD Country 01/2017 01/2018 % Change 2017 2018 % Change MEXICO 54,235,419 58,937,856 8.7 % 54,235,419 58,937,856 8.7 % NETHERLANDS 12,265,935 10,356,183

More information

EQUITY REPORTING & WITHHOLDING. Updated May 2016

EQUITY REPORTING & WITHHOLDING. Updated May 2016 EQUITY REPORTING & WITHHOLDING Updated May 2016 When you exercise stock options or have RSUs lapse, there may be tax implications in any country in which you worked for P&G during the period from the

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 5/4/2016 Imports by Volume (Gallons per Country) YTD YTD Country 03/2015 03/2016 % Change 2015 2016 % Change MEXICO 53,821,885 60,813,992 13.0 % 143,313,133 167,568,280 16.9 % NETHERLANDS 11,031,990 12,362,256

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 4/5/2018 Imports by Volume (Gallons per Country) YTD YTD Country 02/2017 02/2018 % Change 2017 2018 % Change MEXICO 53,961,589 55,268,981 2.4 % 108,197,008 114,206,836 5.6 % NETHERLANDS 12,804,152 11,235,029

More information

SANGAM GLOBAL PHARMACEUTICAL & REGULATORY CONSULTANCY

SANGAM GLOBAL PHARMACEUTICAL & REGULATORY CONSULTANCY SANGAM GLOBAL PHARMACEUTICAL & REGULATORY CONSULTANCY Regulatory Affairs Worldwide An ISO 9001:2015 Certified Company Welcome to Sangam Global Pharmaceutical & Regulatory Consultancy (SGPRC) established

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 10/5/2017 Imports by Volume (Gallons per Country) YTD YTD Country 08/2016 08/2017 % Change 2016 2017 % Change MEXICO 51,349,849 67,180,788 30.8 % 475,806,632 503,129,061 5.7 % NETHERLANDS 12,756,776 12,954,789

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 7/6/2018 Imports by Volume (Gallons per Country) YTD YTD Country 05/2017 05/2018 % Change 2017 2018 % Change MEXICO 71,166,360 74,896,922 5.2 % 302,626,505 328,397,135 8.5 % NETHERLANDS 12,039,171 13,341,929

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 1/5/2018 Imports by Volume (Gallons per Country) YTD YTD Country 11/2016 11/2017 % Change 2016 2017 % Change MEXICO 50,994,409 48,959,909 (4.0)% 631,442,105 657,851,150 4.2 % NETHERLANDS 9,378,351 11,903,919

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 10/5/2018 Imports by Volume (Gallons per Country) YTD YTD Country 08/2017 08/2018 % Change 2017 2018 % Change MEXICO 67,180,788 71,483,563 6.4 % 503,129,061 544,043,847 8.1 % NETHERLANDS 12,954,789 12,582,508

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 11/2/2018 Imports by Volume (Gallons per Country) YTD YTD Country 09/2017 09/2018 % Change 2017 2018 % Change MEXICO 49,299,573 57,635,840 16.9 % 552,428,635 601,679,687 8.9 % NETHERLANDS 11,656,759 13,024,144

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 12/6/2018 Imports by Volume (Gallons per Country) YTD YTD Country 10/2017 10/2018 % Change 2017 2018 % Change MEXICO 56,462,606 60,951,402 8.0 % 608,891,240 662,631,088 8.8 % NETHERLANDS 11,381,432 10,220,226

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 2/6/2019 Imports by Volume (Gallons per Country) YTD YTD Country 11/2017 11/2018 % Change 2017 2018 % Change MEXICO 48,959,909 54,285,392 10.9 % 657,851,150 716,916,480 9.0 % NETHERLANDS 11,903,919 10,024,814

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 3/6/2019 Imports by Volume (Gallons per Country) YTD YTD Country 12/2017 12/2018 % Change 2017 2018 % Change MEXICO 54,169,734 56,505,154 4.3 % 712,020,884 773,421,634 8.6 % NETHERLANDS 11,037,475 8,403,018

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 2/6/2018 Imports by Volume (Gallons per Country) YTD YTD Country 12/2016 12/2017 % Change 2016 2017 % Change MEXICO 50,839,282 54,169,734 6.6 % 682,281,387 712,020,884 4.4 % NETHERLANDS 10,630,799 11,037,475

More information

Total Imports by Volume (Gallons per Country)

Total Imports by Volume (Gallons per Country) 6/6/2018 Imports by Volume (Gallons per Country) YTD YTD Country 04/2017 04/2018 % Change 2017 2018 % Change MEXICO 60,968,190 71,994,646 18.1 % 231,460,145 253,500,213 9.5 % NETHERLANDS 13,307,731 10,001,693

More information

SHARE IN OUR FUTURE AN ADVENTURE IN EMPLOYEE STOCK OWNERSHIP DEBBI MARCUS, UNILEVER

SHARE IN OUR FUTURE AN ADVENTURE IN EMPLOYEE STOCK OWNERSHIP DEBBI MARCUS, UNILEVER SHARE IN OUR FUTURE AN ADVENTURE IN EMPLOYEE STOCK OWNERSHIP DEBBI MARCUS, UNILEVER DEBBI.MARCUS@UNILEVER.COM RUTGERS SCHOOL OF MANAGEMENT AND LABOR RELATIONS NJ/NY CENTER FOR EMPLOYEE OWNERSHIP AGENDA

More information

Summary 715 SUMMARY. Minimum Legal Fee Schedule. Loser Pays Statute. Prohibition Against Legal Advertising / Soliciting of Pro bono

Summary 715 SUMMARY. Minimum Legal Fee Schedule. Loser Pays Statute. Prohibition Against Legal Advertising / Soliciting of Pro bono Summary Country Fee Aid Angola No No No Argentina No, with No No No Armenia, with No No No No, however the foreign Attorneys need to be registered at the Chamber of Advocates to be able to practice attorney

More information

FY2016 RESULTS. 1 February 2016 to 31 January Inditex continues to roll out its global, fully integrated store and online model.

FY2016 RESULTS. 1 February 2016 to 31 January Inditex continues to roll out its global, fully integrated store and online model. FY2016 RESULTS 1 February 2016 to 31 January 2017 Inditex continues to roll out its global, fully integrated store and online model. Strong operating performance: Net sales for FY2016 reached 23.3 billion,

More information

a closer look GLOBAL TAX WEEKLY ISSUE 249 AUGUST 17, 2017

a closer look GLOBAL TAX WEEKLY ISSUE 249 AUGUST 17, 2017 GLOBAL TAX WEEKLY a closer look ISSUE 249 AUGUST 17, 2017 SUBJECTS TRANSFER PRICING INTELLECTUAL PROPERTY VAT, GST AND SALES TAX CORPORATE TAXATION INDIVIDUAL TAXATION REAL ESTATE AND PROPERTY TAXES INTERNATIONAL

More information

YUM! Brands, Inc. Historical Financial Summary. Second Quarter, 2017

YUM! Brands, Inc. Historical Financial Summary. Second Quarter, 2017 YUM! Brands, Inc. Historical Financial Summary Second Quarter, 2017 YUM! Brands, Inc. Consolidated Statements of Income (in millions, except per share amounts) 2017 2016 2015 YTD Q3 Q4 FY FY Revenues Company

More information

Guide to Treatment of Withholding Tax Rates. January 2018

Guide to Treatment of Withholding Tax Rates. January 2018 Guide to Treatment of Withholding Tax Rates Contents 1. Introduction 1 1.1. Aims of the Guide 1 1.2. Withholding Tax Definition 1 1.3. Double Taxation Treaties 1 1.4. Information Sources 1 1.5. Guide Upkeep

More information

Does One Law Fit All? Cross-Country Evidence on Okun s Law

Does One Law Fit All? Cross-Country Evidence on Okun s Law Does One Law Fit All? Cross-Country Evidence on Okun s Law Laurence Ball Johns Hopkins University Global Labor Markets Workshop Paris, September 1-2, 2016 1 What the paper does and why Provides estimates

More information

Argentina Bahamas Barbados Bermuda Bolivia Brazil British Virgin Islands Canada Cayman Islands Chile

Argentina Bahamas Barbados Bermuda Bolivia Brazil British Virgin Islands Canada Cayman Islands Chile Americas Argentina (Banking and finance; Capital markets: Debt; Capital markets: Equity; M&A; Project Bahamas (Financial and corporate) Barbados (Financial and corporate) Bermuda (Financial and corporate)

More information

Global Business Barometer April 2008

Global Business Barometer April 2008 Global Business Barometer April 2008 The Global Business Barometer is a quarterly business-confidence index, conducted for The Economist by the Economist Intelligence Unit What are your expectations of

More information

Dutch tax treaty overview Q3, 2012

Dutch tax treaty overview Q3, 2012 Dutch tax treaty overview Q3, 2012 Hendrik van Duijn DTS Duijn's Tax Solutions Zuidplein 36 (WTC Tower H) 1077 XV Amsterdam The Netherlands T +31 888 387 669 T +31 888 DTS NOW F +31 88 8 387 601 duijn@duijntax.com

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Friday, July 14,

More information

PENTA CLO 2 B.V. (the "Issuer")

PENTA CLO 2 B.V. (the Issuer) THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING

More information

FY2017 RESULTS. 1 February 2017 to 31 January Inditex continues to roll out its global, fully integrated store and online platform.

FY2017 RESULTS. 1 February 2017 to 31 January Inditex continues to roll out its global, fully integrated store and online platform. FY2017 RESULTS 1 February 2017 to 31 January 2018 Inditex continues to roll out its global, fully integrated store and online platform. Strong operating performance: Net sales for FY2017 reached 25.3 billion,

More information

COUNTRY COST INDEX JUNE 2013

COUNTRY COST INDEX JUNE 2013 COUNTRY COST INDEX JUNE 2013 June 2013 Kissell Research Group, LLC 1010 Northern Blvd., Suite 208 Great Neck, NY 11021 www.kissellresearch.com Kissell Research Group Country Cost Index - June 2013 2 Executive

More information

Financial wealth of private households worldwide

Financial wealth of private households worldwide Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate

More information

Request to accept inclusive insurance P6L or EASY Pauschal

Request to accept inclusive insurance P6L or EASY Pauschal 5002001020 page 1 of 7 Request to accept inclusive insurance P6L or EASY Pauschal APPLICANT (INSURANCE POLICY HOLDER) Full company name and address WE ARE APPLYING FOR COVER PRIOR TO DELIVERY (PRE-SHIPMENT

More information

Corrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012

Corrigendum. OECD Pensions Outlook 2012 DOI:   ISBN (print) ISBN (PDF) OECD 2012 OECD Pensions Outlook 2012 DOI: http://dx.doi.org/9789264169401-en ISBN 978-92-64-16939-5 (print) ISBN 978-92-64-16940-1 (PDF) OECD 2012 Corrigendum Page 21: Figure 1.1. Average annual real net investment

More information

Quarterly Investment Update First Quarter 2018

Quarterly Investment Update First Quarter 2018 Quarterly Investment Update First Quarter 2018 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with [insert name of Advisor]. DFA Canada is a separate and distinct company. Market

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Wednesday, December

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Wednesday, February

More information

Overview of FSC-certified forests January January Maps of extend of FSC-certified forest globally and country specific

Overview of FSC-certified forests January January Maps of extend of FSC-certified forest globally and country specific Overview of FSCcertified forests January 2009 Maps of extend of FSCcertified forest globally and country specific Global certified forest area: 120.052.350 ha ( = 4,3%) + 11% Hectare FSCcertified forest

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Thursday, July

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Friday, January

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Wednesday, April

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Friday, October

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Friday, August

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Wednesday, November

More information

Clinical Trials Insurance

Clinical Trials Insurance Allianz Global Corporate & Specialty Clinical Trials Insurance Global solutions for clinical trials liability Specialist cover for clinical research The challenges of international clinical research are

More information

Reporting practices for domestic and total debt securities

Reporting practices for domestic and total debt securities Last updated: 27 November 2017 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on

More information

San Francisco Retiree Health Care Trust Fund Education Materials on Public Equity

San Francisco Retiree Health Care Trust Fund Education Materials on Public Equity M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index

More information

26 MAY Boustead Singapore Limited / Boustead Projects Limited Joint FY2015 Financial Results Presentation

26 MAY Boustead Singapore Limited / Boustead Projects Limited Joint FY2015 Financial Results Presentation 26 MAY 2015 Boustead Singapore Limited / Boustead Projects Limited Joint FY2015 Financial Results Presentation Disclaimer This presentation contains certain statements that are not statements of historical

More information

Quarterly Investment Update First Quarter 2017

Quarterly Investment Update First Quarter 2017 Quarterly Investment Update First Quarter 2017 Market Update: A Quarter in Review March 31, 2017 CANADIAN STOCKS INTERNATIONAL STOCKS Large Cap Small Cap Growth Value Large Cap Small Cap Growth Value Emerging

More information

KPMG s Individual Income Tax and Social Security Rate Survey 2009 TAX

KPMG s Individual Income Tax and Social Security Rate Survey 2009 TAX KPMG s Individual Income Tax and Social Security Rate Survey 2009 TAX B KPMG s Individual Income Tax and Social Security Rate Survey 2009 KPMG s Individual Income Tax and Social Security Rate Survey 2009

More information

Today's CPI data: what you need to know

Today's CPI data: what you need to know Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Consumer Price Index, Producer Price Index Thursday, October

More information

Public Pension Spending Trends and Outlook in Emerging Europe. Benedict Clements Fiscal Affairs Department International Monetary Fund March 2013

Public Pension Spending Trends and Outlook in Emerging Europe. Benedict Clements Fiscal Affairs Department International Monetary Fund March 2013 Public Pension Spending Trends and Outlook in Emerging Europe Benedict Clements Fiscal Affairs Department International Monetary Fund March 13 Plan of Presentation I. Trends and drivers of public pension

More information

WHY UHY? The network for doing business

WHY UHY? The network for doing business The network for doing business UHY THE NETWORK FOR DOING BUSINESS We are connected Over 8,100 trusted advisors and consultants operating in over 320 business centres across more than 95 countries AFRICA

More information

2009 Half Year Results. August 25, 2009

2009 Half Year Results. August 25, 2009 1 2009 Half Year Results August 25, 2009 2 Caution statement This presentation may contain forward looking statements, which are subject to risk and uncertainty. A variety of factors could cause our actual

More information

Charting Mexico s Economy

Charting Mexico s Economy Charting Mexico s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

HEALTH WEALTH CAREER 2017 WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES

HEALTH WEALTH CAREER 2017 WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES HEALTH WEALTH CAREER 2017 WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES AT A GLANCE GEOGRAPHY 77 COUNTRIES COVERED 5 REGIONS Americas Asia Pacific Central & Eastern

More information

Priorities for Productivity and Income (PPIs) Country Results

Priorities for Productivity and Income (PPIs) Country Results Priorities for Productivity and Income (PPIs) Country Results Bolivia Alejandro Izquierdo Jimena Llopis Umberto Muratori Jose Juan Ruiz 2015 Priorities for Productivity and Income (PPIs) Country Results

More information

TRENDS AND MARKERS Signatories to the United Nations Convention against Transnational Organised Crime

TRENDS AND MARKERS Signatories to the United Nations Convention against Transnational Organised Crime A F R I C A WA T C H TRENDS AND MARKERS Signatories to the United Nations Convention against Transnational Organised Crime Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia

More information

Global Economic Indictors: CRB Raw Industrials & Global Economy

Global Economic Indictors: CRB Raw Industrials & Global Economy Global Economic Indictors: & Global Economy December 14, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box

More information

GENERAL ANTI AVOIDANCE RULE RECENT CASE LAW IN ARGENTINA

GENERAL ANTI AVOIDANCE RULE RECENT CASE LAW IN ARGENTINA GENERAL ANTI AVOIDANCE RULE RECENT CASE LAW IN ARGENTINA Leandro M. Passarella Passarella Abogados TTN Conferences Latin America 2014 Buenos Aires November 17, 2014 Background Past structures Case Law

More information

Click to edit Master title style. Presented by Sylvia Solf Private and Financial Sector Vice-presidency World Bank Group

Click to edit Master title style. Presented by Sylvia Solf Private and Financial Sector Vice-presidency World Bank Group Doing Business 2009 Presented by Sylvia Solf Private and Financial Sector Vice-presidency World Bank Group 2007 Starting a business Dealing with construction permits Employing workers Registering property

More information

Economic Stimulus Packages and Steel: A Summary

Economic Stimulus Packages and Steel: A Summary Economic Stimulus Packages and Steel: A Summary Steel Committee Meeting 8-9 June 2009 Sources of information on stimulus packages Questionnaire to Steel Committee members, full participants and observers

More information

Dutch tax treaty overview Q4, 2013

Dutch tax treaty overview Q4, 2013 Dutch tax treaty overview Q4, 2013 Hendrik van Duijn DTS Duijn's Tax Solutions Zuidplein 36 (WTC Tower H) 1077 XV Amsterdam The Netherlands T +31 888 387 669 T +31 888 DTS NOW F +31 88 8 387 601 duijn@duijntax.com

More information

DOMESTIC CUSTODY & TRADING SERVICES

DOMESTIC CUSTODY & TRADING SERVICES Pricing Structure DOMESTIC CUSTODY & TRADING SERVICES A flat custody fee of 20bps per account type per year is applicable to all holdings and cash, the custody fee is collected each month but will be capped

More information

ABOUT THE DATA. IntelliRisk Advanced Global Data. Content Overview. Data Feeds and Frequency. Account Setup in IntelliRisk Advanced

ABOUT THE DATA. IntelliRisk Advanced Global Data. Content Overview. Data Feeds and Frequency. Account Setup in IntelliRisk Advanced ABOUT THE DATA Advanced Global Data Content Overview Data Feeds and Frequency Account Setup in Advanced Currency and Financial Data Claim Data Processing Help / International Services Team Data Feeds and

More information

Double Tax Treaties. Necessity of Declaration on Tax Beneficial Ownership In case of capital gains tax. DTA Country Withholding Tax Rates (%)

Double Tax Treaties. Necessity of Declaration on Tax Beneficial Ownership In case of capital gains tax. DTA Country Withholding Tax Rates (%) Double Tax Treaties DTA Country Withholding Tax Rates (%) Albania 0 0 5/10 1 No No No Armenia 5/10 9 0 5/10 1 Yes 2 No Yes Australia 10 0 15 No No No Austria 0 0 10 No No No Azerbaijan 8 0 8 Yes No Yes

More information

DIVERSIFICATION. Diversification

DIVERSIFICATION. Diversification Diversification Helps you capture what global markets offer Reduces risks that have no expected return May prevent you from missing opportunity Smooths out some of the bumps Helps take the guesswork out

More information

WORLD HEALTH ORGANISATION MONDIALE. NINTH WORLD HEALTH ASSEMBLY Jg? \ A9/P&B/19 ^! fr t 15 May 1956 Agenda item 6.5 îj. L,, л

WORLD HEALTH ORGANISATION MONDIALE. NINTH WORLD HEALTH ASSEMBLY Jg? \ A9/P&B/19 ^! fr t 15 May 1956 Agenda item 6.5 îj. L,, л WORLD HEALTH ORGANISATION MONDIALE ORGANIZATION DE LA SANTÉ NINTH WORLD HEALTH ASSEMBLY Jg? \ A9/P&B/19 ^! fr t 15 May 1956 Agenda item 6.5 îj. L,, л Q-u L. * ORIGINAL: ENÓLISH REVIEW AND APPROVAL OF THE

More information

STOXX EMERGING MARKETS INDICES. UNDERSTANDA RULES-BA EMERGING MARK TRANSPARENT SIMPLE

STOXX EMERGING MARKETS INDICES. UNDERSTANDA RULES-BA EMERGING MARK TRANSPARENT SIMPLE STOXX Limited STOXX EMERGING MARKETS INDICES. EMERGING MARK RULES-BA TRANSPARENT UNDERSTANDA SIMPLE MARKET CLASSIF INTRODUCTION. Many investors are seeking to embrace emerging market investments, because

More information

CSD Trends. April Ana Giraldo Director, Capital Markets 17/04/17. Thomas Murray Data Services

CSD Trends. April Ana Giraldo Director, Capital Markets 17/04/17. Thomas Murray Data Services CSD Trends Ana Giraldo Director, Capital Markets April 2017 Thomas Murray Data Services 2017 1 Agenda I. ISO 20022 Standard II. III. IV. Settlement Cycles Regional Hubs Integration V. Systems and Blockchain

More information

US Economic Indicators: Import Prices, PPI, & CPI

US Economic Indicators: Import Prices, PPI, & CPI US Economic Indicators: Import Prices, PPI, & CPI December 1, 17 Dr. Edward Yardeni 51-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Please visit our sites at blog. thinking outside the box Table Of

More information

2017 Fourth Quarter Data Book

2017 Fourth Quarter Data Book 2017 Fourth Quarter Data Book TABLE OF CONTENTS PAGE STOCK AND EQUITY RELATED INFORMATION --------------------------------------------------- 3 SUMMARY OF SALES AND INCOME-----------------------------------------------------------------

More information

Wedbush Morgan California Dreamin Santa Monica, CA December 9, 2008

Wedbush Morgan California Dreamin Santa Monica, CA December 9, 2008 Wedbush Morgan California Dreamin 2008 Santa Monica, CA December 9, 2008 GUESS?, Inc. Carlos Alberini President & Chief Operating Officer 2 Safe Harbor Statement Except for historical information contained

More information

World s Best Investment Bank Awards 2018

World s Best Investment Bank Awards 2018 Global Finance will publish its selections for the 19th Annual World s Best Investment Banks in the April 2018 issue. Winners will be honored at an awards ceremony in New York City in March, and all award

More information

January 12 th,

January 12 th, www.financeisrael.mof.gov.il Table of Contents 1 Main Indicators 2 Real Economy 3 Foreign Trade and Balance of Payments 4 Labor Market 5 Fiscal Stance 6 Price Stability and Monetary Policy 7 Innovative

More information

Risks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager

Risks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager Risks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager June 2017 For professional investors only. Not suitable for retail clients 05/06/2017

More information

2017 Fourth Quarter Data Book

2017 Fourth Quarter Data Book 2017 Fourth Quarter Data Book 14 February 3M 2018. All Rights Reserved. 1 TABLE OF CONTENTS PAGE STOCK AND EQUITY RELATED INFORMATION ------------------------------------------------------- 3 SUMMARY OF

More information

BETTER POLICIES FOR A SUCCESSFUL TRANSITION TO A LOW-CARBON ECONOMY

BETTER POLICIES FOR A SUCCESSFUL TRANSITION TO A LOW-CARBON ECONOMY BETTER POLICIES FOR A SUCCESSFUL TRANSITION TO A LOW-CARBON ECONOMY Rintaro Tamaki Deputy Secretary-General, OECD International Forum for Sustainable Asia and the Pacific (ISAP)1 Yokohama, July 1 Four

More information

Marine. Global Programmes. cunninghamlindsey.com. A Cunningham Lindsey service

Marine. Global Programmes. cunninghamlindsey.com. A Cunningham Lindsey service Marine Global Programmes A Cunningham Lindsey service Marine global presence Marine Global Programmes Cunningham Lindsey approach Managing your needs With 160 marine surveyors and claims managers in 36

More information

Summary of key findings

Summary of key findings 1 VAT/GST treatment of cross-border services: 2017 survey Supplies of e-services to consumers (B2C) (see footnote 1) Supplies of e-services to businesses (B2B) 1(a). Is a non-resident 1(b). If there is

More information

15 Popular Q&A regarding Transfer Pricing Documentation (TPD) In brief. WTS strong presence in about 100 countries

15 Popular Q&A regarding Transfer Pricing Documentation (TPD) In brief. WTS strong presence in about 100 countries 15 Popular Q&A regarding Transfer Pricing Documentation (TPD) Contacts China Martin Ng Managing Partner Martin.ng@worldtaxservice.cn + 86 21 5047 8665 ext.202 Xiaojie Tang Manager Xiaojie.tang@worldtaxservice.cn

More information

FOREIGN ACTIVITY REPORT

FOREIGN ACTIVITY REPORT FOREIGN ACTIVITY REPORT SECOND QUARTER 2012 TABLE OF CONTENTS Table of Contents... i All Securities Transactions... 2 Highlights... 2 U.S. Transactions in Foreign Securities... 2 Foreign Transactions in

More information

Index of Financial Inclusion. (A concept note)

Index of Financial Inclusion. (A concept note) Index of Financial Inclusion (A concept note) Mandira Sarma Indian Council for Research on International Economic Relations Core 6A, 4th Floor, India Habitat Centre, Delhi 100003 Email: mandira@icrier.res.in

More information

Chart Collection for Morning Briefing

Chart Collection for Morning Briefing Chart Collection for Morning Briefing February 7, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 3 3 Figure 1. S&P

More information

Supplemental Table I. WTO impact by industry

Supplemental Table I. WTO impact by industry Supplemental Table I. WTO impact by industry This table presents the influence of WTO accessions on each three-digit NAICS code based industry for the manufacturing sector. The WTO impact is estimated

More information

Chile: Business Environment and Investment Opportunities

Chile: Business Environment and Investment Opportunities Chile: Business Environment and Investment Opportunities Guest Speaker 14:00 15:00 GUEST SPEAKER Martin Pathan Investment Officer Foreign Investment Committee Chile: business environment and investment

More information

(ISC)2 Career Impact Survey

(ISC)2 Career Impact Survey (ISC)2 Career Impact Survey 1. In what country are you located? Albania 0.0% 0 Andorra 0.0% 1 Angola 0.0% 0 Antigua and Barbuda 0.0% 0 Argentina 0.3% 9 Australia 2.0% 61 Austria 0.2% 6 Azerbaijan 0.0%

More information

Global solutions. Local expertise.

Global solutions. Local expertise. Global solutions. Local expertise. Count on Sedgwick around the world Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. Our 21,000 colleagues,

More information

Market Correlations: CRB Raw Industrials Spot Price Index

Market Correlations: CRB Raw Industrials Spot Price Index Market Correlations: Spot Price Index December 15, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www.

More information

Developing Housing Finance Systems

Developing Housing Finance Systems Developing Housing Finance Systems Veronica Cacdac Warnock IIMB-IMF Conference on Housing Markets, Financial Stability and Growth December 11, 2014 Based on Warnock V and Warnock F (2012). Developing Housing

More information

Global Consumer Confidence

Global Consumer Confidence Global Consumer Confidence The Conference Board Global Consumer Confidence Survey is conducted in collaboration with Nielsen 4TH QUARTER 2017 RESULTS CONTENTS Global Highlights Asia-Pacific Africa and

More information

Actuarial Supply & Demand. By i.e. muhanna. i.e. muhanna Page 1 of

Actuarial Supply & Demand. By i.e. muhanna. i.e. muhanna Page 1 of By i.e. muhanna i.e. muhanna Page 1 of 8 040506 Additional Perspectives Measuring actuarial supply and demand in terms of GDP is indeed a valid basis for setting the actuarial density of a country and

More information

Household Debt and Business Cycles Worldwide Out-of-sample results based on IMF s new Global Debt Database

Household Debt and Business Cycles Worldwide Out-of-sample results based on IMF s new Global Debt Database Household Debt and Business Cycles Worldwide Out-of-sample results based on IMF s new Global Debt Database Atif Mian Princeton University and NBER Amir Sufi University of Chicago Booth School of Business

More information

Public Procurement networks in Latin America and the Caribbean

Public Procurement networks in Latin America and the Caribbean Session #7: Cross regional Learning: Cases in Caribbean and Latin American Countries Public Procurement networks in Latin America and the Caribbean Asia Pacific Public Electronic Procurement Network 2nd

More information

World Consumer Income and Expenditure Patterns

World Consumer Income and Expenditure Patterns World Consumer Income and Expenditure Patterns 2011 www.euromonitor.com iii Summary of Contents Contents Summary of Contents Section 1 Introduction 1 Section 2 Socio-economic parameters 21 Section 3 Annual

More information

TAXATION (IMPLEMENTATION) (CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS) (AMENDMENT OF REGULATIONS No. 3) (JERSEY) ORDER 2017

TAXATION (IMPLEMENTATION) (CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS) (AMENDMENT OF REGULATIONS No. 3) (JERSEY) ORDER 2017 Taxation (Implementation) (Convention on Mutual Regulations No. 3) (Jersey) Order 2017 Article 1 TAXATION (IMPLEMENTATION) (CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS) (AMENDMENT OF

More information

FedEx International Priority. FedEx International Economy 3

FedEx International Priority. FedEx International Economy 3 SERVICES AND RATES FedEx International Solutions for your business Whether you are shipping documents to meet a deadline, saving money on a regular shipment or moving freight, FedEx offers a suite of transportation

More information

Market Correlation: Emerging Markets MSCI

Market Correlation: Emerging Markets MSCI Market Correlation: MSCI March 2, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside

More information

26 MAY Boustead Singapore Limited FY2010 Financial Results Presentation

26 MAY Boustead Singapore Limited FY2010 Financial Results Presentation 26 MAY 2010 Boustead Singapore Limited FY2010 Financial Results Presentation Disclaimer This presentation contains certain statements that are not statements of historical fact such as forward-looking

More information

Scale of Assessment of Members' Contributions for 2008

Scale of Assessment of Members' Contributions for 2008 General Conference GC(51)/21 Date: 28 August 2007 General Distribution Original: English Fifty-first regular session Item 13 of the provisional agenda (GC(51)/1) Scale of Assessment of s' Contributions

More information

St. Martin 2013 SERVICES AND RATES

St. Martin 2013 SERVICES AND RATES SERVICES AND RATES FedEx International Solutions for your business Whether you are shipping documents to meet a deadline, saving money on a regular shipment or moving freight, FedEx offers a suite of transportation

More information

(Re)Inventing Israeli Capital Markets: Infrastructure for Growth

(Re)Inventing Israeli Capital Markets: Infrastructure for Growth (Re)Inventing Israeli Capital Markets: Infrastructure for Growth Globes Israel Business Conference December 8, 2014 From Scarcity to Innovation Paradox of Israeli Competitive Advantage From Vegetarian

More information