A significant increase was recorded in Nikon shares on the Tokyo Stock Exchange, following the purchase of 5% of its capital by Silchester International Investors, a British investment fund with potential activist leanings.
The value of the shares of the Japanese giant rose by 10.32%, fueled by the hypothesis that Silchester could use its stake in Nikon to push towards the release of higher dividends, the implementation of share buyback programs and the introduction of other capital management measures, as revealed by documents made public online by the Japanese Ministry of Finance.
While Nikon is widely recognized for its cameras, a shrinking market, it has expanded its offerings by diversifying into other areas in recent years. This includes lithography for the semiconductor industry and medical imaging devices. Furthermore, in March, Nikon finalized the acquisition of Red, a small American manufacturer of high-quality cameras, with the aim of strengthening its presence in the video market, a much livelier sector than the photographic one, where the Japanese group was losing ground.
Thanks in particular to its foray into the increasingly sought-after semiconductor sector, Nikon’s stock value has seen impressive growth in recent years. Despite this, its share price still appears cheap, standing at 1,725 yen per share at Wednesday’s close, equivalent to 10.40 euros, making it particularly attractive to foreign investors who are capitalizing on the yen’s depreciation against other major world currencies such as dollar, euro and British pound.
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Nikon, stock market jump of 10% after Silchester’s investment
In the new Ecuador, young people are the basis of progress and development
– 2024-04-24 06:10:27
Quito, Ecuador. “It is our duty as a government and, as the Constitution mandates, we must guarantee their rights and create mechanisms so that their participation and inclusion in the development of the country is constant.”expressed the President of the Republic, Daniel Noboa Azin, this Wednesday, March 20, during the presentation of the regulations of the Organic Law of Youth (LOJ), at the Quitumbe Municipal Educational Unit.
The Head of State explained that this regulation is of fundamental importance. Through this, youth public policy is mainstreamed, contributing to the exercise of rights and social co-responsibility of this sector. In addition, it prioritizes axes that contribute to its comprehensive development: employment, mental health, education, security, participation mechanisms in public spaces.
For its construction, the Ministry of Economic and Social Inclusion (MIES) led participatory processes with institutions and civil society actors. “More than 15 thousand young people participated in this process, making their contributions and observations, being managers of their own reality. This is a government that listens to you and understands you and works for you,” President Noboa remarked.
Zaida Rovira, Minister of Economic and Social Inclusion, emphasized that this regulation is a legal document that includes vital elements such as: inclusion, gender equality and the protection of collective rights. For this reason, she was categorical in pointing out that “Insecurity is also combated from the social sector” by providing opportunities. “Young people are not the future of the country, they are the present of this new Ecuador, where you feel represented and can develop.”
Precisely, the student, Lesly Barre, was emphatic in highlighting that this milestone “marks the beginning of the guarantee of our rights and, with firm steps, we are moving towards intergenerational inclusion.” To this she added that those who were minimized in the past are today represented by the youngest President in the region.
In this sense, President Noboa reaffirmed that his government is committed to young people, who represent 20.3% of the population. This is reflected in historical achievements such as the insertion of 64 thousand young people into the workforce, thanks to the Organic Law of Economic Efficiency and Employment Generation.
Likewise, the President anticipated that this year, 12,000 young people will be part of the MIES programs to strengthen their skills and 450 are already registered to be part of the MIES youth connection and volunteering program. In addition, they may be certified in pre-professional practices and community service. “You are the engine of that energy that motivates us to seek the best opportunities for your comprehensive development,” exalted Noboa Azin.
Within the framework of this event, the President was decisive when he expressed: “We cannot return to the old Ecuador”, which is why he urged those present to continue supporting the process carried out by his administration through the different government initiatives and, soon, through the popular consultation that will be held on April 21.
In the new Ecuador, young people are the basis of progress and development – 2024-04-24 06:10:27
Consortium will begin a study that will define the investment mechanism of the Chinecas project
The new infrastructure of the project and the improvement of existing works will allow water to be available all year round, which will facilitate the development of modern agriculture for the country.
The Private Investment Promotion Agency (PROINVERSIÓN) signed with the “Consortium LSH Consulting Engineers SAC – Agua Energía y Minería Ingenieros Consultores SA” (Peruvian – German companies) the contract to prepare pre-investment studies that allow defining the feasibility and mechanism investment of the Chinecas irrigation project, in Áncash.
The vice minister of Development of Family Agriculture and Agrarian Infrastructure and Irrigation, Christian Barrantes, the regional governor of Áncash, Fabian Koki Noriega and the executive director of PROINVESIÓN, José Salardi, participated in the signing of the contract.
With this, PROINVERSIÓN together with the ministries of Economy and Finance (MEF) and Agrarian Development and Irrigation (MIDAGRI), as well as the Regional Government of Áncash, take an important step to make this mega irrigation project a reality that could increase agroindustrial production in US$ 1.5 billion annually and generate 150,000 new jobs.
The pre-investment studies will be carried out within a period of 14 months and will allow obtaining the declaration of viability of the project. On that basis, the evaluation report will be prepared that will define whether the project is developed through a Public-Private Partnership (PPP) within the framework of a promotion process or if it is a public work.
If the first scenario occurs, PROINVERSIÓN would be in charge of designing and conducting the structuring and transaction phases of the project, as well as the tender that will allow the development of Chinecas to be awarded to a specialized concessionaire.
The project will require an investment of more than US$ 700 million, allowing water to be diverted from the Santa River to incorporate 50,000 hectares of new land and improve irrigation in another 33,000 hectares in the valleys and intervals of Santa Lacramarca, Nepeña, Casma and Huarmey. Likewise, the resource will be used to supply population use in the localities within the area of influence and in the hydroelectric exploitation that is viable.
Currently, the Chinecas project has a set of works built and in operation, these are two intakes on the Santa River, canals and tunnels with extension to the Nepeña valley. Meanwhile, a new main intake and reservoirs will be built to regulate the waters of the Santa River and the extension of its main channels to the Casma and Huarmey valleys.
The signing of the contract has taken place within the framework of the inter-institutional agreement signed in 2023 between PROINVERSIÓN and the Regional Government of Áncash through which the agency is in charge of the selection, contracting and monitoring of the pre-investment technical studies, supervision and the Report of Evaluation.
Under the agreement, all PROINVERSIÓN interventions will be carried out in coordination with the Regional Government of Ancash and the Chinecas Special Project, which during the study stage will become the Project Formulating Unit.
#Consortium #study #define #investment #mechanism #Chinecas #project
– 2024-04-24 06:52:48
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Consortium will begin a study that will define the investment mechanism of the Chinecas project