FTSE Publications

Total Page:16

File Type:pdf, Size:1020Kb

FTSE Publications 2 FTSE Russell Publications FTSE Advanced Emerging ex 19 August 2021 Controversies ex CW Index Indicative Index Weight Data as at Closing on 30 June 2021 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) Absa Group Limited 0.28 SOUTH BidCorp Ltd 0.3 SOUTH Digi.com 0.15 MALAYSIA AFRICA AFRICA Digital Telecommunications Infrastructure 0.09 THAILAND Accton Technology 0.26 TAIWAN Bidvest Group 0.19 SOUTH Fund Acer 0.12 TAIWAN AFRICA Dis-Chem Pharmacies 0.03 SOUTH Administradora Fibra Danhos S.A. de C.V. 0.01 MEXICO BIM Birlesik Magazalar 0.13 TURKEY AFRICA ADVANCED INFO SERVICE 0.25 THAILAND BR Malls Participacoes S/A Ord 0.07 BRAZIL Discovery Ltd 0.15 SOUTH Advantech 0.21 TAIWAN Bradespar S.A. PN 0.14 BRAZIL AFRICA African Rainbow Minerals Ltd 0.08 SOUTH Braskem S.A. PN 0.09 BRAZIL Distell Group Holdings 0.04 SOUTH AFRICA BRF S.A. 0.18 BRAZIL AFRICA AirAsia Group Berhad 0.01 MALAYSIA British American Tobacco (Malaysia) 0.02 MALAYSIA Duratex SA 0.05 BRAZIL Airports of Thailand 0.34 THAILAND BTG Pactual Participations UNT11 0.24 BRAZIL E.Sun Financial Holding 0.47 TAIWAN Airtac International Group 0.24 TAIWAN BTS Group Holdings PCL 0.1 THAILAND Eclat Textile 0.19 TAIWAN Akbank 0.07 TURKEY Bumrungrad Hospital 0.06 THAILAND EDP-Energias do Brasil 0.04 BRAZIL Alfa SAB de CV 0.06 MEXICO Capital Securities 0.05 TAIWAN El Puerto de Liverpool SA de CV 0.04 MEXICO Aliansce Sonae Shopping Centers 0.03 BRAZIL Capitec Bank Hldgs Ltd 0.41 SOUTH Electricity Generating PCL 0.06 THAILAND Alliance Bank Malaysia 0.03 MALAYSIA AFRICA Energisa S/A 0.1 BRAZIL Alpargatas SA PN 0.07 BRAZIL Carabao Group 0.06 THAILAND Energy Absolute 0.13 THAILAND Alpek S.A.B. 0.02 MEXICO Catcher Technology 0.2 TAIWAN Enerjisa Enerji 0.01 TURKEY Alpha Services and Holdings 0.07 GREECE Cathay Financial Holding 0.66 TAIWAN Eneva 0.14 BRAZIL Ambev SA 0.62 BRAZIL CCR SA 0.12 BRAZIL Engie Brasil 0.06 BRAZIL America Movil L 0.95 MEXICO Cementos Chihuahua 0.05 MEXICO Enka Insaat 0.03 TURKEY AMMB Holdings 0.06 MALAYSIA Cemex Sa Cpo Line 0.52 MEXICO ENNOSTAR 0.07 TAIWAN Anadolu Efes 0.02 TURKEY Cemig ON 0.03 BRAZIL Equatorial Energia S/A Ord 0.19 BRAZIL Anglo American Platinum 0.28 SOUTH Cemig PN 0.1 BRAZIL Eregli Demir Ve Celik 0.12 TURKEY AFRICA Central Pattana 0.17 THAILAND Eternal Chemical 0.06 TAIWAN Anglogold Ashanti 0.32 SOUTH Central Retail 0.12 THAILAND Eurobank Ergasias Services and Holdings 0.11 GREECE AFRICA CESP PN Class B 0.04 BRAZIL SA Arca Continental SAB de CV 0.11 MEXICO CEZ 0.19 CZECH EVA Airways 0.07 TAIWAN Arcelik 0.02 TURKEY REPUBLIC Evergreen Marine 0.77 TAIWAN ASE Technology Holding 0.57 TAIWAN Chailease Holding 0.38 TAIWAN Exxaro Resources 0.12 SOUTH Asia Cement 0.18 TAIWAN Chang Hwa Commercial Bank 0.16 TAIWAN AFRICA ASMedia Technology 0.08 TAIWAN Charoen Pokphand Foods PCL 0.12 THAILAND EZ TEC Empreendimentos e Partipacoes 0.03 BRAZIL Aspen Pharmacare Holdings 0.18 SOUTH Cheng Shin Rubber Industry 0.13 TAIWAN Far Eastern International Bank 0.03 TAIWAN AFRICA Chicony Electronics 0.07 TAIWAN Far Eastern New Century Corporation 0.19 TAIWAN Asset World 0.04 THAILAND China Airlines 0.07 TAIWAN Far EasTone Telecommunications 0.15 TAIWAN Astro Malaysia Holdings 0.02 MALAYSIA China Development Financial Holdings 0.27 TAIWAN Femsa UBD 0.64 MEXICO Asustek Computer Inc 0.39 TAIWAN China Life Insurance 0.08 TAIWAN Feng TAY Enterprise 0.16 TAIWAN Atacadao SA 0.05 BRAZIL China Motor 0.03 TAIWAN FGV Holdings 0.01 MALAYSIA AU Optronics 0.3 TAIWAN China Steel 0.73 TAIWAN Fibra Uno Administracion S.A. de C.V. 0.13 MEXICO AVI 0.07 SOUTH Chunghwa Telecom 0.65 TAIWAN First Financial Holding 0.34 TAIWAN AFRICA Cia de Transmissao de Energia Eletrica P 0.04 BRAZIL Firstrand Limited 0.77 SOUTH AFRICA Axiata Group Bhd 0.17 MALAYSIA Cia Paranaense de Energia Copel Pref B 0.05 BRAZIL Fleury SA 0.05 BRAZIL Azul S.A. 0.1 BRAZIL Cia Paranaense de Energia Ord 0.03 BRAZIL Ford Otosan 0.05 TURKEY B.Grimm Power 0.04 THAILAND Cielo SA 0.03 BRAZIL Formosa Chemicals & Fibre 0.43 TAIWAN B2W Cia Digital 0.11 BRAZIL CIMB Group Holdings 0.32 MALAYSIA Formosa Petrochemical 0.22 TAIWAN B3 SA 0.85 BRAZIL Clicks Group Ltd 0.18 SOUTH Bachoco Ubl 0.03 MEXICO AFRICA Formosa Plastics Corp 0.75 TAIWAN Banco Bradesco S/A Ord 0.25 BRAZIL Coca-Cola Femsa SAB de CV Series L 0.12 MEXICO Formosa Taffeta 0.05 TAIWAN Banco Bradesco S/A Pref. 1.01 BRAZIL Coca-Cola Icecek Uretim AS 0.02 TURKEY Fortress REIT Ltd (A) 0.05 SOUTH AFRICA Banco Do Brasil ON 0.23 BRAZIL Cogna Educacao SA 0.07 BRAZIL Fortress REIT Ltd (B) 0.01 SOUTH Banco Inter 0.07 BRAZIL Compal Electronics 0.14 TAIWAN AFRICA Banco Inter S.A. 0.17 BRAZIL Companhia Brasileira de Distribuicao 0.05 BRAZIL Foxconn Technology 0.11 TAIWAN Banco Santander Brasil 0.12 BRAZIL Companhia de Locacao das Americas 0.08 BRAZIL Fraser & Neave Holdings 0.03 MALAYSIA Banco Santander Mexico (B) 0.03 MEXICO Companhia de Saneamento do Parana 0.04 BRAZIL Fubon Financial Holdings 0.81 TAIWAN Bangkok Bank (F) 0.08 THAILAND Sanepar Gamuda 0.07 MALAYSIA Bangkok Bank PCL (NVDR) 0.03 THAILAND Coronation Fund Managers 0.04 SOUTH Genius Electronic Optical 0.07 TAIWAN Bangkok Dusit Medical Services PCL 0.27 THAILAND AFRICA Genting 0.11 MALAYSIA Bangkok Expressway and Metro 0.08 THAILAND Cosan S/A Industria e Comercio 0.29 BRAZIL Genting Malaysia BHD 0.08 MALAYSIA Bangkok Life Assurance PCL 0.02 THAILAND CP ALL 0.41 THAILAND Gerdau PN 0.26 BRAZIL Banpu 0.09 THAILAND CPFL Energia 0.04 BRAZIL Giant Manufacturing 0.14 TAIWAN Barloworld 0.06 SOUTH CTBC Financial Holding 0.61 TAIWAN AFRICA Cyrela Brazil Realty S/A 0.05 BRAZIL Global Power Synergy 0.07 THAILAND BB Seguridade Participacoes S.A. ON 0.13 BRAZIL Empreendimentose e Participacoes Or GlobalWafers 0.29 TAIWAN Becle S.A.B. de C.V. 0.06 MEXICO Delta Electronics 0.98 TAIWAN Gold Fields 0.33 SOUTH AFRICA Berli Jucker 0.05 THAILAND Delta Electronics (Thailand) 0.21 THAILAND Dialog Group 0.13 MALAYSIA Grendene SA 0.03 BRAZIL Source: FTSE Russell 1 of 4 19 August 2021 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) Growthpoint Prop Ltd 0.15 SOUTH Moneta Money Bank 0.06 CZECH Sappi 0.07 SOUTH AFRICA REPUBLIC AFRICA Gruma SA B 0.1 MEXICO Motor Oil (Hellas) 0.04 GREECE Sasol 0.35 SOUTH Grupo Aeroportuario del Centro Norte Sab 0.09 MEXICO MR D.I.Y. GROUP (M) 0.04 MALAYSIA AFRICA de CV Mr Price Group 0.16 SOUTH SCG Packaging 0.1 THAILAND Grupo Aeroportuario del Pacifico SAB de 0.16 MEXICO AFRICA Sendas Distribuidora SA 0.11 BRAZIL CV Series B Muangthai Capital 0.05 THAILAND Shanghai Commercial & Savings Bank 0.22 TAIWAN Grupo Aeroportuario del Sureste SA de CV 0.15 MEXICO MultiChoice Group 0.15 SOUTH Shin Kong Financial Holding 0.17 TAIWAN Grupo Banorte O 0.78 MEXICO AFRICA Shoprite 0.22 SOUTH Grupo Bimbo S.A.B. de C.V. 0.2 MEXICO Multiplan Empreendimentos Imobiliaros S/A 0.05 BRAZIL AFRICA Grupo Carso SAB de CV 0.06 MEXICO Ord Siam Cement 0.47 THAILAND Grupo Elektra SAB DE CV 0.21 MEXICO Mytilineos 0.08 GREECE Siam City Cement 0.02 THAILAND Grupo Financiero Inbursa O 0.09 MEXICO Nan Ya Plastics 0.7 TAIWAN Siam Commercial Bank PCL 0.31 THAILAND Grupo Lala SAB de CV 0.02 MEXICO Nan Ya Printed Circuit Board 0.12 TAIWAN Siam Makro 0.02 THAILAND Grupo Mateus 0.03 BRAZIL Nanya Technology 0.1 TAIWAN Sibanye Stillwater 0.51 SOUTH Guararapes Confeccoes ON 0.01 BRAZIL Naspers 3.57 SOUTH AFRICA Gubre Fabrikalar 0.02 TURKEY AFRICA SID Nacional ON 0.23 BRAZIL Gulf Energy Development 0.19 THAILAND National Bank of Greece S.A. 0.06 GREECE Silergy 0.35 TAIWAN Haci Omer Sabanci Holdings AS 0.04 TURKEY Natura & Co 0.45 BRAZIL Sime Darby 0.08 MALAYSIA Hap Seng Consolidated 0.05 MALAYSIA Nedbank Group 0.18 SOUTH Sime Darby Plantation 0.14 MALAYSIA AFRICA Hapvida Participacoes e Investimentos S.A. 0.16 BRAZIL Sime Darby Property 0.02 MALAYSIA Neoenergia 0.03 BRAZIL Harmony 0.08 SOUTH Sino-American Silicon Products Inc. 0.15 TAIWAN AFRICA NEPI Rockcastle PLC 0.13 SOUTH SinoPac Financial Holdings Co. Ltd. 0.22 TAIWAN AFRICA Hartalega Holdings Bhd 0.11 MALAYSIA Sri Trang Gloves (Thailand) 0.05 THAILAND Nestle (Malaysia) 0.08 MALAYSIA Hellenic Petroleum (Cr) 0.02 GREECE Srisawad 0.06 THAILAND Netcare 0.06 SOUTH Hellenic Telecom 0.16 GREECE Standard Bank Group 0.48 SOUTH AFRICA HIWIN Technologies Corp. 0.16 TAIWAN AFRICA Nien Made Enterprise 0.09 TAIWAN Home Product Center PCL 0.1 THAILAND Sul America SA 0.12 BRAZIL Ninety One Ltd 0.02 SOUTH Hon Hai Precision Industry 1.99 TAIWAN Supermax 0.05 MALAYSIA AFRICA Hong Leong Bank 0.12 MALAYSIA Suzano SA (ON) 0.36 BRAZIL Northam Platinum 0.22 SOUTH Hong Leong Financial 0.04 MALAYSIA Synnex Technology International 0.1 TAIWAN AFRICA Hotai Motor 0.29 TAIWAN T Sise Ve Cam Fabrikalari 0.05 TURKEY Notre Dame Intermedica Sistema de Saude 0.37 BRAZIL HTC Corporation 0.04 TAIWAN T.Garanti Bankasi 0.08 TURKEY Novatek Microelectronics 0.43 TAIWAN Hua Nan Financial Holdings 0.26 TAIWAN Taishin Financial Holdings 0.24 TAIWAN O2 Czech Republic 0.02 CZECH Taiwan Business Bank 0.07 TAIWAN Hypera SA 0.11 BRAZIL REPUBLIC Taiwan Cement 0.4 TAIWAN IHH Healthcare 0.16 MALAYSIA OBI Pharma 0.02 TAIWAN Taiwan Cooperative Financial Holding 0.3 TAIWAN IJM 0.06 MALAYSIA Odontoprev S/A Ord 0.03 BRAZIL Taiwan Fertilizer 0.06 TAIWAN Impala Platinum Hlds 0.54 SOUTH Old Mutual Ltd 0.18 SOUTH AFRICA AFRICA Taiwan Glass Industrial 0.09 TAIWAN Indorama Ventures PCL 0.09 THAILAND Oneness Biotech 0.1 TAIWAN Taiwan High Speed Rail 0.09 TAIWAN Industrias Penoles 0.07 MEXICO OPAP 0.13 GREECE Taiwan Mobile 0.25 TAIWAN Innolux 0.26 TAIWAN Orbia Advance Corporation SAB 0.11 MEXICO Taiwan Secom 0.04 TAIWAN Intouch Holdings 0.18 THAILAND Osotspa 0.07 THAILAND Taiwan Semiconductor Manufacturing 21.31 TAIWAN Inventec Co.
Recommended publications
  • Jaguara and Miranda Hpps: Operational, Commercial and Financial Characteristics Legal Disclaimer
    Jaguara and Miranda HPPs: operational, commercial and financial characteristics Legal disclaimer We have prepared this document solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction or otherwise. We have prepared this document and the analyses contained in it based, in part, on certain assumptions and information. Our use of such assumptions and information does not imply that we have independently verified or necessarily agree with any of such assumptions or information, and we have assumed and relied upon the accuracy and completeness of such assumptions and information for purposes of this document. Neither ENGIE Brasil Energia S.A. nor its directors, officers, employees, agents, shareholders and/or affiliates make any representation or warranty, express or implied, in relation to the accuracy or completeness of the information contained in this document or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. ENGIE Brasil Energia S.A. and its shareholders expressly disclaim any and all liability which may be based on this document and any errors therein or omissions therefrom. Neither ENGIE Brasil Energia S.A. nor its directors, officers, employees, agents, shareholders and/or affiliates make any representation or warranty, express or implied, that any transaction has been or may be effected on the terms or in the manner stated in this document, or as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any.
    [Show full text]
  • Fidelity® Emerging Markets Index Fund
    Quarterly Holdings Report for Fidelity® Emerging Markets Index Fund January 31, 2021 EMX-QTLY-0321 1.929351.109 Schedule of Investments January 31, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 92.5% Shares Value Shares Value Argentina – 0.0% Lojas Americanas SA rights 2/4/21 (b) 4,427 $ 3,722 Telecom Argentina SA Class B sponsored ADR (a) 48,935 $ 317,099 Lojas Renner SA 444,459 3,368,738 YPF SA Class D sponsored ADR (b) 99,119 361,784 Magazine Luiza SA 1,634,124 7,547,303 Multiplan Empreendimentos Imobiliarios SA 156,958 608,164 TOTAL ARGENTINA 678,883 Natura & Co. Holding SA 499,390 4,477,844 Notre Dame Intermedica Participacoes SA 289,718 5,003,902 Bailiwick of Jersey – 0.1% Petrobras Distribuidora SA 421,700 1,792,730 Polymetal International PLC 131,532 2,850,845 Petroleo Brasileiro SA ‑ Petrobras (ON) 2,103,697 10,508,104 Raia Drogasil SA 602,000 2,741,865 Bermuda – 0.7% Rumo SA (b) 724,700 2,688,783 Alibaba Health Information Technology Ltd. (b) 2,256,000 7,070,686 Sul America SA unit 165,877 1,209,956 Alibaba Pictures Group Ltd. (b) 6,760,000 854,455 Suzano Papel e Celulose SA (b) 418,317 4,744,045 Beijing Enterprises Water Group Ltd. 2,816,000 1,147,720 Telefonica Brasil SA 250,600 2,070,242 Brilliance China Automotive Holdings Ltd. 1,692,000 1,331,209 TIM SA 475,200 1,155,127 China Gas Holdings Ltd. 1,461,000 5,163,177 Totvs SA 274,600 1,425,346 China Resource Gas Group Ltd.
    [Show full text]
  • Templeton Latin America Fund - I LU0229944334 31 August 2021 (Acc) USD
    Franklin Templeton Investment Funds Latin America Equity Templeton Latin America Fund - I LU0229944334 31 August 2021 (acc) USD Fund Fact Sheet For Professional Client Use Only. Not for distribution to Retail Clients. Fund Overview Performance Base Currency for Fund USD Performance over 5 Years in Share Class Currency (%) Templeton Latin America Fund I (acc) USD MSCI EM Latin America Index-NR Total Net Assets (USD) 733 million Fund Inception Date 28.02.1991 140 Number of Issuers 36 Benchmark MSCI EM Latin America 120 Index-NR Morningstar Category™ Latin America Equity 100 Summary of Investment Objective The Fund aims to achieve long-term capital appreciation by investing primarily in equity securities of issuers 80 incorporated or having their principal business activities in the Latin American region. 60 Fund Management 08/16 02/17 08/17 02/18 08/18 02/19 08/19 02/20 08/20 02/21 08/21 Gustavo Stenzel, CFA: Brazil Discrete Annual Performance in Share Class Currency (%) 08/20 08/19 08/18 08/17 08/16 Ratings - I (acc) USD 08/21 08/20 08/19 08/18 08/17 I (acc) USD 24.44 -20.38 15.27 -13.58 19.77 Overall Morningstar Rating™: Benchmark in USD 34.73 -23.59 8.86 -11.80 22.63 Asset Allocation Performance in Share Class Currency (%) Cumulative Annualised Since Since 1 Mth 3 Mths 6 Mths YTD 1 Yr 3 Yrs 5 Yrs Incept 3 Yrs 5 Yrs Incept I (acc) USD 0.24 -4.37 10.65 0.19 24.44 14.21 18.21 105.68 4.53 3.40 4.66 Benchmark in USD 0.84 -0.65 16.40 5.33 34.73 12.07 21.22 102.56 3.87 3.92 4.55 % Equity 99.03 Past performance is not an indicator or a guarantee of future performance.
    [Show full text]
  • United States Securities and Exchange Commission Form
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number: 001-33356 GAFISA S.A. (Exact name of Registrant as specified in its charter) GAFISA S.A. (Translation of Registrant’s name into English) The Federative Republic of Brazil (Jurisdiction of incorporation or organization) Av. Nações Unidas No. 8,501, 19th Floor 05425-070 – São Paulo, SP – Brazil| phone: + 55 (11) 3025-9000 fax: + 55 (11) 3025-9348 e mail: [email protected] Attn: Andre Bergstein – Chief Financial Officer and Investor Relations Officer (Address of principal executive offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Shares, without par value* New York Stock Exchange * Traded only in the form of American Depositary Shares (as evidenced by American Depositary Receipts), each representing two common shares which are registered under the Securities Act of 1933. Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
    [Show full text]
  • Fundação Getulio Vargas Escola De Administração De Empresas De São Paulo
    FUNDAÇÃO GETULIO VARGAS ESCOLA DE ADMINISTRAÇÃO DE EMPRESAS DE SÃO PAULO SALOME MARIE ALICE LEMA Restrictive measures on capital inflow in Brazil in the OTC derivative market: Impact on non-financial firms SÃO PAULO 2016 FUNDAÇÃO GETULIO VARGAS ESCOLA DE ADMINISTRAÇÃO DE EMPRESAS DE SÃO PAULO SALOME MARIE ALICE LEMA Restrictive measures on capital inflow in Brazil in the OTC derivative market: Impact on non-financial firms Thesis presented to Escola de Administração de Empresas de São Paulo of Fundação Getulio Vargas, as a requirement to obtain the title of Master in International Management (MPGI). Knowledge Field: Financial analysis Adviser: Prof. Dr. Rafael F. Schiozer SÃO PAULO 2016 LEMA, SALOME MARIE ALICE Restrictive measures on capital inflow in Brazil in the OTC derivative market: Impact on non-financial firms / SALOME MARIE ALICE LEMA – 2016. 48p Orientador: Schiozer, Rafael. Tese (mestrado) - Escola de Administração de Empresas de São Paulo. 1. Regulação de derivativos cambiais. 2. Controle de capitais. 3. Mercado de balcão. 4. Exposição cambial. 5. FX beta Derivativos (Finanças). I. Schiozer, Rafael Felipe II. Dissertação (MPGI) - Escola de Administração de Empresas de São Paulo. III. Restrictive measures on capital inflow in Brazil in the OTC derivative market: Impact on non-financial firms CDU 336.763(81) SALOME MARIE ALICE LEMA Restrictive measures on capital inflow in Brazil in the OTC derivative market: Impact on non-financial firms Thesis presented to Escola de Administração de Empresas de São Paulo of Fundação Getulio Vargas, as a requirement to obtain the title of Master in International Management (MPGI). Knowledge Field: Financial analysis Approval Date ____/____/_____ Committee members: _______________________________ Prof.
    [Show full text]
  • Novo Mercado and Its Followers: Case Studies in Corporate Governance Reform
    5 Focus Novo Mercado and Its Followers: Case Studies in Corporate Governance Reform Maria Helena Santana Melsa Ararat Petra Alexandru B. Burcin Yurtoglu Mauro Rodrigues da Cunha Copyright 2008. For permission to photocopy or reprint, International Finance Corporation please send a request with complete 2121 Pennsylvania Avenue, NW information to: Washington, DC 20433 The International Finance Corporation All rights reserved. c/o the World Bank Permissions Desk Offi ce of the Publisher The fi ndings, interpretations, and 1818 H Street NW conclusions expressed in this publication Washington, DC 20433 should not be attributed in any manner to the International Finance Corporation, to All queries on rights and licenses its affi liated organizations, or to members including subsidiary rights should be of its board of Executive Directors addressed to: or the countries they represent. The International Finance Corporation does The International Finance Corporation not guarantee the data included in this c/o the Offi ce of the Publisher publication and accepts no responsibility World Bank for any consequence of their use. 1818 H Street, NW Washington, DC 20433 The material in this work is protected by Fax: +1 202-522-2422 copyright. Copying and/or transmitting portions or all of this work may be a violation of applicable law. The International Finance Corporation encourages dissemination of its work and hereby grants permission to the user of this work to copy portions for their personal, noncommercial use, without any right to resell, redistribute, or create derivative works there from. Any other copying or use of this work requires the express written permission of the International Finance Corporation.
    [Show full text]
  • Latin American Construction Companies' Woes May Not Be Over
    EMERGING MARKETS RESTRUCTURING JOURNAL ISSUE NO. 3 — SPRING 2017 Latin American Construction Companies’ Woes May Not Be Over, Yet By BROCK EDGAR and DEVI RAJANI Can Latin American construction Many regional construction companies have experienced companies survive an expected plateau or will likely be going through restructurings. In Mexico, the three largest homebuilders went through restructurings in gross fixed capital formation in a region between 2014 and 2016 and one of Mexico’s largest engineering that so desperately needs infrastructure and construction companies, Empresas ICA, S.A.B. de C.V., investment? is currently being restructured. Similarly, in a process that has been ongoing since 2015, one of Brazil’s largest engineering and construction companies, OAS S.A. is also currently being In recent years, Latin American construction companies have restructured. Looking ahead, the fallout from Odebrecht’s faced deteriorating cash flows due to overexpansion at home admission of foreign bribery will likely affect its engineering or abroad, limited financing availability due to changing and construction business, as well as its consortium partners regulations and/or government investigations (i.e., “Lava throughout Latin America where projects are being cancelled, Jato” in Brazil, also known as the Car Wash Investigation), triggering sureties and bank guarantees. falling commodity prices (primarily oil) and cutbacks in government spending; all of which have led to over-levered Against this backdrop, the uncertainty with respect to
    [Show full text]
  • The Mineral Industry of Taiwan in 2004
    THE MINERAL INDUSTRY OF TAIWAN By Pui-Kwan Tse Taiwan is an island that is located south of Japan and east encourage Taiwanese businesses to stay in Taiwan and would of mainland China in the Pacific Ocean. In 2004, Taiwan’s attract foreign businesses to set up global logistics centers in economy grew by 5.7%, which was the largest increase since Taiwan. Developing service industries such as entertainment, 2000. After reaching a peak of 7.9% in the second quarter, environmental protection, medicine and healthcare, and tourism the economy slowed to 3.3% in the fourth quarter because of and sports recreation would enhance the quality of life in higher global oil prices and the deceleration of export growth Taiwan. The CEPD projected that the service sector would during the second half of the year. The economic growth was grow 6.1% per year through 2008 and that the percentage of the generated by private consumption and investment. Private GDP generated by the service sector would increase to 67% in consumption increased by 3.1% and private investment rose by 2008 from 63.5% in 2003 (Taiwan Headlines, 2004b§; 2005d§). 28.2% compared with that of the previous year. The recovery The Taiwan authorities carried out the second phase of of the information and communication technologies industry Taiwan’s financial reform program in 2004. The number of was the main reason for the increased business investment. In state-owned banks (banks in which the government held 30% 2004, Government fixed investment decreased by 4.2% because or more interest) would be reduced to 6 from 12 at yearend of higher prices on construction materials and because some 2005.
    [Show full text]
  • The Top 20 Brazilian Multinationals: a Long Way out of the Crises Highlights
    The Top 20 Brazilian Multinationals: A Long Way Out of the Crises January 18, 2018 São Paulo and New York, January 18, 2018: The Center of International Financial Management Studies (IFM) of the São Paulo School of Business Administration (EAESP) of Fundação Getulio Vargas (FGV), Brazil, and the Columbia Center on Sustainable Investment (CCSI), a joint center of Columbia Law School and The Earth Institute at Columbia University in New York, are releasing today the results of their research report profiling the top 20 Brazilian multinational enterprises (MNEs),1 ranked in terms of foreign assets. The report is part of the Emerging Market Global Players (EMGP) Project, a long-term study of the rapid global expansion of MNEs from emerging markets. The present report, conducted in 2017, covers the 2016 annual year.2 Highlights In 2016, the top 20 Brazilian MNEs included in our survey had combined foreign assets of approximately US$ 106.7 billion, foreign revenue (including exports) of more than US$ 135.3 billion and 195,377 foreign employees (excluding outsourced, temporary and seasonal employees).3 On average, the foreign assets of the top 20 firms constituted 44.9% of those firms’ total assets in 2016; foreign sales accounted for 61.6% of the firms’ total net sales; and foreign employees accounted for 23.9% of their total employees, resulting in an average Transnationality Index (TNI) of 43.5% (Annex Table 1). Of the top 20 Brazilian MNEs, the Oil and Gas Extraction, Food Manufacturing, Mining, the Primary Metal Manufacturing, and the Paper and Allied Products industries comprised almost 90% of the foreign assets (eleven companies).
    [Show full text]
  • Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries
    Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries Consolidated Financial Statements for the Nine Months Ended September 30, 2020 and 2019 and Independent Auditors’ Review Report Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019 (Amounts in Thousands of New Taiwan Dollars, Unless Specified Otherwise) (Reviewed, Not Audited) 1. GENERAL Taiwan Semiconductor Manufacturing Company Limited (TSMC), a Republic of China (R.O.C.) corporation, was incorporated on February 21, 1987. TSMC is a dedicated foundry in the semiconductor industry which engages mainly in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. On September 5, 1994, TSMC’s shares were listed on the Taiwan Stock Exchange (TWSE). On October 8, 1997, TSMC listed some of its shares of stock on the New York Stock Exchange (NYSE) in the form of American Depositary Shares (ADSs). The address of its registered office and principal place of business is No. 8, Li-Hsin Rd. 6, Hsinchu Science Park, Taiwan. The principal operating activities of TSMC’s subsidiaries are described in Note 4. 2. THE AUTHORIZATION OF FINANCIAL STATEMENTS The accompanying consolidated financial statements were reported to the Board of Directors and issued on November 10, 2020. 3. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS a. Initial application of the amendments to the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, “IFRSs”) endorsed and issued into effect by the Financial Supervisory Commission (FSC) The initial application of the amendments to the IFRSs endorsed and issued into effect by the FSC did not have a significant effect on TSMC and its subsidiaries’ (collectively as the “Company”) accounting policies.
    [Show full text]
  • Malaysian Invited Companies Company Name Country Robecosam Industry AMMB Holdings Bhd Malaysia BNK Banks Astro Malaysia Holdings
    Malaysian invited companies Company_Name Country RobecoSAM_Industry AMMB Holdings Bhd Malaysia BNK Banks Astro Malaysia Holdings Bhd Malaysia PUB Media Axiata Group Bhd Malaysia TLS Telecommunication Services Batu Kawan Bhd Malaysia CHM Chemicals British American Tobacco Malaysia Bhd Malaysia TOB Tobacco Bumi Armada Bhd Malaysia OIE Energy Equipment & Services CIMB Group Holdings Bhd Malaysia BNK Banks Dialog Group Bhd Malaysia CON Construction & Engineering Digi.com Bhd Malaysia TLS Telecommunication Services Felda Global Ventures Holdings Bhd Malaysia FOA Food Products Gamuda Bhd Malaysia CON Construction & Engineering Genting Bhd Malaysia CNO Casinos & Gaming Genting Malaysia Bhd Malaysia CNO Casinos & Gaming Hong Leong Bank Bhd Malaysia BNK Banks Hong Leong Financial Group Bhd Malaysia BNK Banks IHH Healthcare Bhd Malaysia HEA Health Care Providers & Services IJM Corp Bhd Malaysia CON Construction & Engineering IOI Corp Bhd Malaysia FOA Food Products IOI Properties Group Bhd Malaysia REA Real Estate Kuala Lumpur Kepong Bhd Malaysia FOA Food Products Lafarge Malaysia Bhd Malaysia COM Construction Materials Malayan Banking Bhd Malaysia BNK Banks Malaysia Airports Holdings Bhd Malaysia TRA Transportation and Transportation Infrastructure Maxis Bhd Malaysia TLS Telecommunication Services MISC Bhd Malaysia TRA Transportation and Transportation Infrastructure Nestle Malaysia Bhd Malaysia FOA Food Products Petronas Chemicals Group Bhd Malaysia CHM Chemicals Petronas Dagangan BHD Malaysia OIX Oil & Gas Petronas Gas BHD Malaysia GAS Gas Utilities
    [Show full text]
  • ³Privatisation, Employment and Employees´ Nikiforos Manolas
    &RQIHUHQFHRQ ³3ULYDWLVDWLRQ(PSOR\PHQWDQG(PSOR\HHV´ 1LNLIRURV0DQRODV (FRQRPLVW 0LQLVWU\RI(FRQRP\DQG)LQDQFH *UHHFH 5HJXODWRU\ 5HIRUPV 6WUXFWXUDO &KDQJHV DQG 3ULYDWLVDWLRQ LQ *UHHFH GXULQJ V 3DSHU VXEPLWWHG EXW QRW SUHVHQWHG ± 2FWREHU $WDN|\ ,VWDQEXO 7XUNH\ 5HJXODWRU\5HIRUPV6WUXFWXUDO&KDQJHVDQG3ULYDWLVDWLRQLQ*UHHFHGXULQJV ,%DFNJURXQG During 90s, for the fist time in post-war history, Greek strategies for economic development shifted markedly reliance on market forces rather than on state-managed growth. In the pre-1974 period Greece’s state-led development strategy based on import substitution and credit allocation produced strong growth (7% with manufacturing on the average at 11.4% annually), combined with low inflation (4%) and small balance of payments deficits (2.1% of GDP) until 1974. From 1974 until 1995 the economy showed a completely different picture. GDP annual growth rate averaged 2%, manufacturing growth slowed to almost zero, annual inflation averaged 18%, and the average external deficit, as a share of GDP, doubled. This performance was much worse than that of its neighbors and the other countries of the European Union (EU). The economic slowdown can be attributed almost completely to two major factors, namely the decline in the share of total investments in GDP, and the decline in the productivity of new investments. In an environment which had led to a downward spiral in economic performance, ultimately resulting in crisis (of slowing growth) and many large private firms that had grown rapidly in
    [Show full text]