In addition, from July 2 to August 17, free requests can be made
The AFP Association ha informed the members of the private pension system that The registration process for the withdrawal of funds will be free and completely digital. This measure, endorsed by the SBSallows an extraordinary and optional withdrawal of funds.
Application registration will begin on May 20prioritizing those whose last digit of the DNI is 1. Therefore, a schedule has been established based on the identity document number, applicable to both residents in Peru and abroad.
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Government proposes Pedro Cartolín as new comptroller general
Official AFP schedule according to the last digit of the DNI
DNI ended in 1: May 20 and 21, and June 18
DNI ended in 2: May 22 and 23, and June 19
DNI ended in 3: May 24 and 27, and June 20
DNI ended in 4: May 28 and 29, and June 21
DNI ended at 5: May 30 and 31, and June 24
DNI ended in 6: June 3 and 4, and June 25
DNI ended at 7: June 5 and 6, and June 26
DNI ended at 8: June 10 and 11, and June 27
DNI ended at 9: June 12 and 13, and June 28
DNI ending in 0, letter or other: June 14 and 17, and July 1
The dates for Registration runs from May 20 to June 17then continues from July 2 to August 17, thus fulfilling the 90 days established by law to make withdrawals, without following a specific schedule.
The process will be carried out free of charge and digitally, through the website www.solicitaretiroafp.peavailable Monday through Friday from 8 a.m. to 6 p.m.
https://www.worldysnews.com/afp-2024-what-are-the-dates-to-make-my-withdrawal-request/
“Russia Open to Raising Oil Production, OPEC+ Meeting Looms”
Oil Prices Slip on Possibility of Increased OPEC+ Production
The uncertain future of oil prices continues as Russian Deputy Prime Minister Alexander Novak suggests that OPEC+ could potentially raise production depending on the current balance between supply and demand. Novak’s statements, along with other indications of reduced supply concerns, caused crude oil futures to slip slightly lower.
OPEC+ was expected to extend voluntary cuts beyond Q2, but this decision is now up in the air as they consider market conditions. However, there are obstacles for OPEC+, including insufficient implementation of agreed-upon cuts by some countries. Yet both Iraq and Kazakhstan have presented plans to compensate for overproduction by year-end.
Well-Supplied Market?
The US Energy Information Administration’s latest short-term outlook shared a forecast for this year’s world oil production and liquid fuels. The report revealed an increase in oil production but lowered expectations for demand – pointing towards a well-supplied market instead of prior forecasts that predicted undersupply.
In addition, despite Middle East tensions causing concern over price volatility throughout much of this year, spare crude production capacity has remained “significant.”
Oil Futures Slip Lower
Front-month Nymex crude closed 0.1% lower at $78.38 per barrel while front-month July Brent crude slipped 0.2% to $83.16 per barrel – marking its sixth decline in seven sessions.
- ETFs:
- NYSEARCA:USO
- BNO
- UCO
- SCO
- USL
- DBO
- DRIP
- GUSH
- NRGU
- USOI
The Strategic Petroleum Reserve Plans for Refill as Prices Drop Below Cap Limit of $79 Per Barrel
In light of falling oil prices, the Biden administration is seeking out new bids to refill the Strategic Petroleum Reserve. Solicitations for up to 3.3 million barrels will be delivered in October.
The Department of Energy canceled its previous planned purchases of 1.5 million barrels each for August and September after oil prices rose above $79 per barrel – the set limit for replenishment.
The efforts to replenish stockpile saw an increase in SPR stockpiles over the past six months with 32.3 million barrels at an average price of $76.98 per barrel bought and almost four million barrels in exchange returns. Nevertheless, levels remain low equal to those seen in October 1983.
“It always depends on the current situation, the balance of supply and demand… We need to look at how the market is feeling.” – Alexander Novak, Russian Deputy Prime Minister
“One obstacle could be insufficient implementation of agreed upon cuts by some countries such as Iraq and Kazakhstan,” – Carsten Fritsch, Commerzbank’s Analyst
The future remains tense for OPEC+ decision-makers as they decide on whether or not to extend their voluntary cuts beyond Q2 while uncertainties surrounding supply and demand persist.
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“Russia Open to Raising Oil Production, OPEC+ Meeting Looms”
Naver’s Shares Relationship Formalized as Yahoo’s Line Makes Strategic Changes
IT·Science
Entered 2024.05.08 17:27 Modified 2024.05.08 18:04
Formalization of Naver shares relationship
CPO ‘father Line’ Shin Jung-ho is out of the board of directors
Line Yahoo’s entire board of directors is Japanese.
The IT infrastructure entrusted to Naver has also come to an end.
Will Softbank make an additional statement on the 9th?
Takeshi Idezawa, CEO of Line Yahoo Japan, said on the 8th, “We strongly request a change in capital from Naver, the majority shareholder.” It has become official that he is requesting to sell shares to Naver in accordance with the administrative guidelines of Japan’s Ministry of Internal Affairs and Communications. Shin Jung-ho, Line Yahoo’s chief product officer (CPO), known as the ‘father of Line’, resigned from his position as director of Line Yahoo on this day. In fact, Yahoo’s Line seems to show its intention to reduce Naver’s influence in overall management.
◆ “Request to sell shares to Naver”
President Idezawa made it official during Yahoo’s Line earnings conference call that day that he had asked Naver to sell A Holdings shares. This is the first time Line Yahoo management has made an official statement on this matter. Line Yahoo’s largest shareholder is A Holdings (64.5% share), founded by Naver and Softbank investing 50% each. The structure means that if Softbank were to take even one more share of A Holdings stock, Naver loses management leadership.
Last March, Japan’s Ministry of Internal Affairs and Communications initiated administrative guidelines for Line Yahoo, requiring the company to improve its management system, including a review of its capital relationship with Naver. The personal information leak incident that happened in November last year was a pretext. On the 16th of last month, the second administrative guide was published, saying that the measures prepared by Line Yahoo to prevent accidents from happening again were insufficient. It is unprecedented for the government to request the liquidation of its shares.
President Idezawa said, “The Ministry of Internal Affairs and Communications pointed out that it would be possible for Line Yahoo to strongly request the management of information technology infrastructure from Naver, the majority shareholder,” and added, “Based on a comprehensive judgment , we strongly request a capital change from the consignor.” He said, “Based on our comprehensive judgment, we strongly request the consignor to change the capital,” and added, “I understand that Naver and Softbank are discussing it, and I will not comment on details.”
◆ Reorganization of the Board of Directors to be entirely Japanese.
Line Yahoo announced that it is holding a board meeting on this day and has decided on the resignation of a new GPG as executive director. The new CPG will give up his position as director, but will retain his position as CPG. The dismissal was said to be in the nature of holding people accountable for the personal information leak that occurred at Yahoo Line in November last year.
According to industry analysis, it is an ‘inconsistency’ that CPO Shin, who is the only Korean director on Yahoo’s Line board of directors, has resigned from his position as executive director. Shin CPO oversaw the line launch project between 2008 and 2011 and is considered a key player in leading the line’s success. The industry estimates that the national messenger ‘Line’ has had a major influence on Line Yahoo becoming a key IT company in Japan.
Direct and indirect moves by the Japanese government to exclude the new compulsory purchase order from Line Yahoo have been detected several times recently. Last March, Shin CPO gave up 37.4% (about 31.63 million shares) of the Line Yahoo stock options he owned. The main analysis is that external factors could have been a major factor in making this decision even though the period of the stock option exercise continues. Line Yahoo’s board of directors has been reorganized to include all Japanese people. Line Yahoo reorganized its board of directors from 4 inside directors and 3 outside directors to 2 inside directors and 4 outside directors. On this day, SoftBank director and chief strategy officer Taku Oketani also resigned from his position as a director. Instead, SoftBank personnel, CEO Kentaro Kawabe and President Takeshi Idezawa, retained their positions as inside directors. Line Yahoo explained, “The reorganization of the board of directors is a separation between management and business organizations.”
◆ Yahoo’s record performance line… The outlook is bright too
On this day, Line Yahoo also announced that it would consecutively end its tribe relationship with Naver as a major ‘security governance’ issue. The explanation is that Line Yahoo’s IT infrastructure work, which had been entrusted to Naver, is being separated.
The so-called ‘Yahoo Line Incident’ is Naver’s biggest concern these days. For now, Naver management is in the position that it will not be influenced by pressure from the Japanese government. Naver CEO Soo-yeon Choi said in an earnings conference call on the 3rd, “We have scheduled the issue as a decision to be made based on medium to long-term business strategy, and we are reviewing (response measures) internally.” Meanwhile, Line Yahoo announced on this day that it had achieved ‘record high’ sales and adjusted EBITDA (operating profit before amortisation). Line Yahoo recorded sales of 1.8146 trillion yen (about 15.9531 trillion won) and adjusted Ebitda of 414.9 billion yen (about 3.6476 trillion won) in fiscal year 2023 (April 2023 to March 2024).
Line Yahoo also had a positive outlook for sales and adjusted Ebitda for fiscal 2024. Line Yahoo estimates sales in fiscal 2024 to be 1.93 trillion yen (about 16.9675 trillion won), an increase of about 7% from the previous year. The adjusted Ebitda was presented which is expected at a level of 430 billion to 440 billion yen (earned about 3.7782 trillion to 3.866 trillion), an increase of 3.6 to 6% from the previous year.
The industry is also watching SoftBank’s moves. Line Yahoo related content is also expected to be discussed in SoftBank’s financial results announcement on the 9th.
Reporter Jeong Ji-eun [email protected]
#Yahoos #line #begins #eliminate #Naver.. #entire #board #directors #Japanese
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Naver’s Shares Relationship Formalized as Yahoo’s Line Makes Strategic Changes