Wholesale – Karolingische Klosterstadt http://karolingischeklosterstadt.com/ Wed, 22 Jun 2022 04:35:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://karolingischeklosterstadt.com/wp-content/uploads/2021/05/karolingische-klosterstadt-icon-150x150.png Wholesale – Karolingische Klosterstadt http://karolingischeklosterstadt.com/ 32 32 Global Wholesale IDC Market Distribution Channel | Regional Analysis 2022-2029 http://karolingischeklosterstadt.com/global-wholesale-idc-market-distribution-channel-regional-analysis-2022-2029/ Wed, 22 Jun 2022 04:35:14 +0000 http://karolingischeklosterstadt.com/global-wholesale-idc-market-distribution-channel-regional-analysis-2022-2029/

The detailed analysis of the world situation IDC wholesale market provides key insights on changing industry dynamics, value chain analysis, major investment pockets, competitive scenarios, regional landscape and crucial segments. It also offers in-depth inspection related to driving and restraining ingredients for the global wholesale IDC market. Additionally, explains the superior data on working strategies and growth prospects of the Global Wholesale IDC Market. It will help industry players, decision makers, stakeholders, investors and new aspirants to seize innovative opportunities, discover significant strategies and gain a competitive edge in the global Wholesale IDC industry.

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The report provides a comprehensive assessment of the Global IDC Wholesale Market for the forecast period, 2022-2029. wholesale IDC industry. Factors such as drivers, opportunities, challenges and restraints will impact the growth of the Wholesale IDC Market across the globe. Moreover, the Wholesale IDC Market report gives an in-depth view of the implementation of the Wholesale IDC Market in terms of revenue throughout the projected period.

The study focuses on the most revenue-generating and fastest growing segments of the wholesale IDC market. All this information helps to explore strategies and achieve sustainable growth in the Wholesale IDC Market. This makes the research document organized and systematic with precision while encouraging a simpler understanding of each facet covered in this report.

The research also offers in-depth segmentation of the Global Wholesale IDC Market 2022 based on specific region, well-established players, applications, and product types. The global Wholesale IDC market report also offers a comprehensive analysis of each segment of the Wholesale IDC market. The information about the Wholesale IDC Market report is valuable for evaluating distinct components like analyzing expansion strategies, looking for growth potential, and focusing on opportunities available in new regions/countries.

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Vital Players Covered in IDC Wholesale Market Report:

Digital real estate
NTT Communications
Global Switch
main site
View Bao

The product types of the IDC Wholesale Marketplace are as follows:

Mid-size data centers
Large Scale Data Center

Key Applications Included in Wholesale IDC Market:

IT and Telecommunications
Energy and Utilities

Wholesale IDC Market Regional Analysis:

North American market (United States, Canada, North American countries and Mexico),
European market (Germany, Wholesale IDC France, UK, Russia and Italy),
Asia-Pacific market (China, Wholesale IDC Japan and Korea, Asian country, India and Southeast Asia),
South America market (Brazil, Argentina, Republic of Colombia, etc.),
Middle East and Africa Market (Saudi Peninsula, UAE, Egypt, Nigeria and South Africa)

The new study on Global Wholesale IDC Market Report provides in-depth impact of the COVID-19 pandemic on the Wholesale IDC Market to assist global industry players, suppliers, investors and various other competitors to resume their strategies and reach new patterns, and in the meantime, take the necessary measures to survive the pandemic. Additionally, the Wholesale IDC market report provides high quality information and statistics related to the global Wholesale IDC market. Our professional research report will help you build accurate data tables and attribute highest accuracy in Wholesale IDC industry forecasts.

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• The IDC wholesale market report also illustrates several strategies to increase the sustainable growth of the IDC wholesale industry.
• It displays the tactics used by major players and product offerings.
• Presents geographic regions that would develop excellent business opportunities during the forecast period of 2022 to 2029.
• The global Wholesale IDC market report covers revenue share, sales valuation, gross margin, historical growth analysis and upcoming prospects in the Wholesale IDC market.

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Wholesale changes only option for State of Origin Game 2, says NSW manager Brad Fittler | State of origin http://karolingischeklosterstadt.com/wholesale-changes-only-option-for-state-of-origin-game-2-says-nsw-manager-brad-fittler-state-of-origin/ Mon, 20 Jun 2022 00:06:00 +0000 http://karolingischeklosterstadt.com/wholesale-changes-only-option-for-state-of-origin-game-2-says-nsw-manager-brad-fittler-state-of-origin/

NSW manager Brad Fittler has defended his decision to make seven changes to his Blues squad after the narrow loss in the State of Origin series opener, insisting he couldn’t afford not to ‘reassess’ for Game 2 against Queensland, who only made two changes. to their winning team.

Ryan Matterson, Kotoni Staggs, Reagan Campbell-Gillard and Tariq Sims were all dropped from the Blues 17 which lost 16-10 to Queensland, with Jack Wighton (Covid-19) the only forced change. Jacob Saifiti and Tyson Frizell are also absent from the extended squad for Origin II, which will be played in Perth on June 26.

But Fittler said the only option after a loss was to change tactics, especially when the three-game series was on the line.

“When you’re beaten, you have to re-evaluate,” he said. “We don’t have a safety net at the moment. We went into the first game thinking in a way about how the game would go and what we could do, but that didn’t happen. not produced.

Fittler has yet to name his 17 but confirmed that Matt Burton and Stephen Crichton will be a new center couple. The duo have only one game of Origin experience between them – Crichton came off the bench during a lukewarm display in Sydney.

“Jack Wighton obviously can’t play and I just thought about Matt Burton, with the way he plays [for the Bulldogs]”, Fittler said. “What Crichton does with Penrith is a great defender.

Jake Trbojevic will return to the 17th for similar reasons. “The way the game went in Game 1, I think we needed someone really defensive,” Fittler said of his decision to pick middle forward Manly.

Fittler explained that he dropped Sims with an eye for years to come; Sims will turn 33 in February and could choose to retire when his contract expires after 2023. “He has done a fantastic job for NSW. We really appreciate what he’s done, but we’re looking to the future,” Fittler said.

Fittler has repeatedly stressed the importance of versatility in the Blues’ setup and said the inclusion of Sharks enforcer Siosifa Talakai and Roosters striker Angus Crichton would help cover all the bases.

“[Talakai] started the season in the middle, played on an advantage and also played in the middle,” said Fittler. “He was unlucky not to make the first game. He’s someone we watched and we were very excited to watch him.

“[Angus Crichton] playing very powerfully right now. He can play in different ways, in the middle or on the edge, but I’m really happy with the way he behaves.

Penrith hooker Api Koroisau looks set to come off the bench, but Fittler said his selection did not mean the Blues had lost faith in outgoing number nine Damien Cook, who fell short of his best in an outfit hot and cold of South Sydney.

“It will be a tactical change, going in with two prostitutes,” Fittler said. “Between [Cook] and [South Sydney teammate] Cam Murray, we have great confidence in them. They have been part of this group for some time now.

For Queensland, recalled striker Jai Arrow has earned his redemption shot while Murray Taulagi will make his debut as the Maroons aim to seal the series in Perth.

Arrow’s Origin’s future was clouded after being kicked out of Camp Maroon last season for breaking Covid-19 protocols. The South Sydney workaholic was the 18th man for the Maroons’ Sydney win but was included as one of two additions to Billy Slater’s squad to play at Optus Stadium.

Powerful North Queensland winger Taulagi is the other change, the 23-year-old for injured Melbourne flier Xavier Coates. Arrow will replace Pat Carrigan on the bench, who is tasked with filling the void left by injured lock Reuben Cotter, whose Herculean 80-minute effort down the middle on his debut contributed to Queensland’s surprise 16-10 victory.

Brisbane winger Corey Oates and underrated Gold Coast backrower Beau Fermor were added to the extended squad, while Reece Walsh replaced HIA’s Hamiso Tabuai-Fidow in Slater’s only changes forced by injuries in stark contrast to his NSW opposite.

Exchange rate hits new high of ¢694.43 in wholesale market http://karolingischeklosterstadt.com/exchange-rate-hits-new-high-of-%c2%a2694-43-in-wholesale-market/ Sat, 18 Jun 2022 13:08:34 +0000 http://karolingischeklosterstadt.com/exchange-rate-hits-new-high-of-%c2%a2694-43-in-wholesale-market/

QCOSTARICA – Despite an injection of US$32.1 million from the Banco Central de Costa Rica (BCCR) – Central Bank, the exchange rate hit another high, rising 8.17¢ this week.

The dollar closed this Friday at 694.43¢ on the Mercado de Monedas Extranjeras (MONEX) – Foreign Currency Market, signifying a new maximum value for the currency.

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On June 3, the high of 692.33¢ was reported, the day that, precisely, the Central Bank announced a series of measures to ease pressures on exchange rates.

The dollar exchange opened the week (Monday) at 686.26¢, according to data published by the Central Bank on its website.

In commercial banks, most reported a sell price of 699¢, while buying was between 681¢ and 685¢.

Screenshot of Banco Central

The increase in the exchange rate occurred despite the fact that the BCCR intervened, in three of the five weekly sessions of Monex, and sold US$32.1 million to meet demand for currency from participants in the wholesale market. The injection of foreign currency accounted for 47% of the week’s total dollar buy-sell, with $67.5 million traded.

In addition, the Central Bank provided $20.6 million to non-bank public sector entities during this week. The currencies sold by the BCCR are taken from its international reserves which, until Thursday, showed a balance of 6.266 billion dollars.

Róger Madrigal, President of the Central Bank, announced a series of measures on the foreign exchange market on June 3. One was to reduce the time of Monex sessions to one hour per day, from 12 p.m. to 1 p.m. Previously, it was 10 a.m. to 1 p.m.

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In addition, in order to recover its future reserves and be in a more comfortable position to intervene in the market, the institution has taken steps to request a loan of 1,000 million US dollars from the Fondo Latinoamericano de Reservas (FLAR ) – Latin American Reserve Fund.

In addition, the Board of Directors of the Central Bank agreed, this Wednesday, June 15, to increase the minimum legal reserve (percentage of deposits that entities must reserve at the Central Bank) for operations in colones. The entity will increase the percentage from the current 12% to 13.5% in the first half of July 2022, and to 15% from the second half of July 2022.

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BJ’s Wholesale Club (NYSE:BJ) shares 0.4% gain http://karolingischeklosterstadt.com/bjs-wholesale-club-nysebj-shares-0-4-gain/ Thu, 16 Jun 2022 20:45:38 +0000 http://karolingischeklosterstadt.com/bjs-wholesale-club-nysebj-shares-0-4-gain/

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ – Get Rating) jumped 0.4% during Thursday’s midday session. The company traded as high as $59.56 and last traded at $59.55. 18,987 shares were traded at midday, down 99% from the average session volume of 1,749,011 shares. The stock had previously closed at $59.30.

Several brokerages have recently weighed in on BJ. Robert W. Baird reaffirmed an “outperform” rating and set a $70.00 price target on BJ’s Wholesale Club stock in a Monday, May 23 research report. Citigroup raised its price target on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a Friday, May 20 research report. Jefferies Financial Group raised its price target on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a Thursday, June 2 research report. Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club from $70.00 to $74.00 in a Friday, May 20 report. Finally, Credit Suisse Group lowered its price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating on the stock in a Friday, March 4 report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and ten gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $65.64.

The stock has a fifty-day simple moving average of $62.68 and a 200-day simple moving average of $63.44. The stock has a market capitalization of $7.92 billion, a P/E ratio of 17.48, a PEG ratio of 1.99 and a beta of 0.52. The company has a debt ratio of 1.04, a quick ratio of 0.14 and a current ratio of 0.80.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last reported quarterly earnings data on Thursday, May 19. The company reported earnings per share of $0.87 for the quarter, beating the consensus estimate of $0.72 by $0.15. BJ’s Wholesale Club achieved a return on equity of 77.13% and a net margin of 2.65%. The company posted revenue of $4.50 billion in the quarter, compared to $4.24 billion expected by analysts. In the same quarter last year, the company achieved EPS of $0.72. BJ’s Wholesale Club revenue for the quarter increased 16.2% compared to the same quarter last year. On average, research analysts expect BJ’s Wholesale Club Holdings, Inc. to post earnings per share of 3.31 for the current year.

In other news from BJ’s Wholesale Club, Director Kenneth M. Parent sold 35,004 shares of the company in a trade that took place on Tuesday, April 5. The shares were sold at an average price of $67.42, for a total transaction of $2,359,969.68. Following the completion of the sale, the administrator now directly owns 14,143 shares of the company, valued at $953,521.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders of the company hold 2.10% of the shares of the company.

Several hedge funds and other institutional investors have recently bought and sold shares of BJ. City State Bank acquired a new stock position in BJ’s Wholesale Club during the fourth quarter worth $25,000. Counterpoint Mutual Funds LLC acquired a new position in BJ’s Wholesale Club in the fourth quarter worth $26,000. Sageworth Trust Co of South Dakota acquired a new position in BJ’s Wholesale Club in the fourth quarter worth $26,000. NEXT Financial Group Inc acquired a new stock position in BJ’s Wholesale Club during the fourth quarter worth approximately $27,000. Finally, National Bank of Canada FI acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter for a value of approximately $31,000. 99.98% of the shares are currently held by hedge funds and other institutional investors.

About BJ’s Wholesale Club (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.

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17% increase in wholesale turnover in Tatarstan — RealnoeVremya.com http://karolingischeklosterstadt.com/17-increase-in-wholesale-turnover-in-tatarstan-realnoevremya-com/ Wed, 15 Jun 2022 06:00:00 +0000 http://karolingischeklosterstadt.com/17-increase-in-wholesale-turnover-in-tatarstan-realnoevremya-com/
Photo: Maxim Platonov (archive)

The turnover of wholesale trade in Tatarstan reaches almost 974 billion

In January-April 2022, the wholesale trade turnover in Tatarstan reached almost 974 billion rubles. This is 16.6% less than the same period last year when it was valued at more than 812 billion, calculated Realnoe Vremya after analyzing data from the Tatarstan Statistics Service.

Compared with prices for January-April 2021, the wholesale trade turnover in the republic Photo: Maxim Platonov

The lowest wholesale trade turnover in Tatarstan in the first four months of 2022 was recorded in January. It was 211.6 billion rubles, up 24% from the first month of last year — in January 2021 it was estimated at 160.6 billion.

In February 2022, the wholesale trade turnover in Tatarstan exceeded 239 billion rubles. Compared to the same month last year, the growth amounts to nearly 22%.

Last March, the turnover of wholesale trade in Tatarstan amounted to almost 280 billion rubles. This is the highest number for the first four months of the year. Compared to last March, it increased by 16.8%.

Photo: Maxim Platonov (archive)

The turnover of wholesale trade in April was almost 243 billion rubles. It increased by almost 5% compared to the same month in 2021. Compared to last April, the wholesale trade turnover in Tatarstan was 82.7%, according to the Tatarstan Statistics Service.

Wholesale trade turnover in Tatarstan increases by 13%

Retail trade turnover in Tatarstan in January-April 2022 exceeded 381 billion rubles. Compared to the same period last year, it increased by 13.1%.

Non-food products account for a bi share — 221.4 billion rubles, or 55.4%. Compared with January-April 2022, the retail turnover of non-food products in Tatarstan increased by 11.1%.

Food, including beverages and tobacco, accounted for 170.3 billion rubles, or 44.6%, of retail trade turnover in Tatarstan at the beginning of 2022. Compared to January-April of the last year, that number increased by 14.5%.

Photo: Maxim Platonov

Deputy Prime Minister of the republic and Minister of Economy of Tatarstan Midkhat Shagiakhmetov said retail trade turnover in the republic decreased by 10% in April 2022 compared to last year . A decline in mostly foreign-sourced non-food sales explains this, he said. These include cars and spare parts, clothing, shoes, pharmaceuticals, household appliances and smartphones.

According to the Statistics Service of Tatarstan, the retail trade turnover in April was 95 billion rubles. Compared to the same month in 2021, it increased by 8.5%. Service statistics indicate that retail trade turnover in the first four months of the year totaled 87 billion rubles.

Tatiana Dyomina

Tatarstan ]]> ING will host Investor Update 2022 http://karolingischeklosterstadt.com/ing-will-host-investor-update-2022/ Mon, 13 Jun 2022 06:03:49 +0000 http://karolingischeklosterstadt.com/ing-will-host-investor-update-2022/


ING is hosting an Institutional Investor Update today, June 13, 2022, in Amsterdam, the Netherlands. Steven van Rijswijk, CEO of ING, and the other members of the ING Board of Directors will provide a strategy update and present our digital approach, our sustainability efforts and our finances. Presentations will be followed by a Q&A session for analysts and institutional investors

During the Investor Update, we will share the financial objectives for the period 2022-2025. During this period, we are aiming for an average annual growth in total revenue of 3% and an average annual growth in commission income between 5% and 10%. For 2025, we are targeting a cost/income ratio of 50-52%, a CET1 ratio of around 12.5% ​​and a return on equity of 12%.

“Beyond these financial targets, we have set a target for our commitment to support our Wholesale Banking customers in their green transition and we are committed to mobilizing 125 billion euros of sustainable financing per year by 2025. We intend to be a leader in the sustainable transition and by focusing on the volume mobilized, we clearly mark the transactions where we support the transition of our customers towards their own sustainable development objectives while respecting our commitment to reduce CO2 emissions intensity of ING’s portfolio,” said Steven van Rijswijk.

The Investor Update will start at 1:00 p.m. CET and end around 5:00 p.m. CET. Presentations can be viewed live via webcast via this link. A replay of the webcast will be available after the event. All materials presented at the Investor Update are available online at www.ing.com/investorday.

Note for Editors

For more information about ING, visit www.ing.com. Frequent updates can be found in the newsroom or via the @ING_news Twitter feed. Photos of ING’s operations, buildings and executives are available for download on Flickr. ING presentations are available on SlideShare.


ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. ING Bank’s goal is to empower people to stay ahead in life and in business. ING Bank’s more than 57,000 employees provide retail and wholesale banking services to customers in over 40 countries.

ING Group shares are listed on the Amsterdam Stock Exchange (INGA NA, INGA.AS), Brussels Stock Exchange and the New York Stock Exchange (ADR: ING US, ING.N).

Sustainability is an integral part of ING’s strategy, as evidenced by ING’s leading position in sector benchmarks. ING’s ESG rating by MSCI was confirmed to be ‘AA’ in December 2021. ING Group shares are included in the main sustainability index and environmental, social and governance (ESG) index products of leading providers STOXX, Morningstar and FTSE Russell. In January 2021, ING received an ESG assessment score of 83 (“strong”) from S&P Global Ratings.


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Costco to open August 4 in College Station | Local News http://karolingischeklosterstadt.com/costco-to-open-august-4-in-college-station-local-news/ Sat, 11 Jun 2022 00:00:00 +0000 http://karolingischeklosterstadt.com/costco-to-open-august-4-in-college-station-local-news/

Costco Wholesale is putting the finishing touches on its College Station location along Texas 6 in Midtown and is now hiring employees ahead of the August 4 store opening.

“It’s really exciting to see how excited the community is to have us and we’re just as excited to be a part of it,” said Kiley Fitzpatrick, General Manager of College Station Costco. “It’s just a really nice little town and I know we have a lot of managers who are happy to move here.”

Construction of the store building began in March, Fitzpatrick said. She added that Costco hopes to start receiving merchandise in early July.

“The store is going up really fast,” Fitzpatrick said. “They have a very fast construction schedule.”

Costco has started hiring for the College Station store, Fitzpatrick said, and a sign near the Texas 6 feeder road says the starting wage is $17.50 an hour. Fitzpatrick said College Station Costco will have about 210 employees, including more than 100 new hires. Interested candidates can apply online at Costco’s website.

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“We try to offer a wide variety of products, different brands,” Fitzpatrick said. “We have all the different fresh departments, whether it’s a gas station, a bakery, fresh produce, deli meats. All of our stores kind of follow the same model.

It will be Costco’s 36th store in Texas, the state with the second most Costco locations behind California (132), but only the fourth store not located in the Austin, Dallas-Fort Worth metro area. Houston or San Antonio. The closest Costco locations to College Station are over 60 miles away in Cypress and The Woodlands.

Natalie Ruiz, City of College Station’s director of development, said the city began work on a retail recruitment program in 2016 to develop a strategic plan to address retail gaps in College Station Market. She said city officials looked at out-of-town restaurant retailers and residents shopping online to recruit them to College Station. Ruiz said Costco always topped the list based on its impact on a community.

“Costco is one of those big international retailers that has regional appeal,” Ruiz said. “They don’t just shoot from College Station or Bryan or even Hearne or Navasota. They really pull from a much wider range, so to be able to have that pull here in College Station, to serve people within an hour’s drive of here. On our first visit to Costco, the new store they opened in the Cypress area next to [Highway] 290, they attracted a lot of people from that area who went there and shopped regularly.

“So having them here locally and being able to serve such a large area brings people who may not shop here on a regular basis to not only shop at Costco but also eat at our restaurants, shopping at some of our other Locations. It’s a regional draw unlike some of the other retailers we have.

Costco wanted to build a location on Texas 6 when city officials first met with them, Ruiz said. She added that providing demographics showing new developments south of town pushed Costco a little further south than where the store originally looked.

Costco filed a site plan with the City of College Station in April 2021 to build a 160,534 square foot facility. Just over two weeks later, the College Station City Council approved Costco’s economic development and property purchase agreements for approximately 19 acres.

“When we first met them, they had their own proprietary software where they were looking at, OK, where is the population density? Where are the businesses located in your community because they do a lot of business-to-business work? does it make sense to know where the people with the highest disposable income and the most expensive homes are? Where is their client really from?” Ruiz says. “College Station being a small community, we have really had to help tell that story in terms of, look, we not only have a university of over 60,000 students, but we also have large families, we have a lot of development in the south end of the city, so in part they knew where College Station was.

“Some of the retailers and restaurants that we’ve talked to, they don’t know where College Station is, so that’s the first conversation did you think of College Station? And if not, here’s why you should be here. Here is the amount of disposable income we have. This is the buying power we have as a community, including our students.

The store is expected to open in less than eight weeks, and Fitzpatrick said he’s heard community members’ excitement about Costco’s upcoming opening.

“Every manager said every time he spoke to anybody that everyone was really happy we were here,” Fitzpatrick said. “It’s quite funny that everyone welcomes us so well.”

Statistics Department: Malaysia’s wholesale and retail sales increased by 15.2% to RM128 billion in April 2022 http://karolingischeklosterstadt.com/statistics-department-malaysias-wholesale-and-retail-sales-increased-by-15-2-to-rm128-billion-in-april-2022/ Thu, 09 Jun 2022 05:41:02 +0000 http://karolingischeklosterstadt.com/statistics-department-malaysias-wholesale-and-retail-sales-increased-by-15-2-to-rm128-billion-in-april-2022/ Malaysia’s wholesale and retail sales grew 15.2% year-on-year (yoy). — Photo by Devan Manuel Thursday 09 June 2022 13:37 MYT KUALA LUMPUR, June 9 — Malaysia’s …]]>
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Malaysia’s wholesale and retail sales grew 15.2% year-on-year (yoy). — Photo by Devan Manuel

Thursday 09 June 2022 13:37 MYT

KUALA LUMPUR, June 9 — Malaysia’s wholesale and retail sales increased 15.2% year-on-year (year-on-year) to register RM128.0 billion in April 2022, according to the Department of Statistics Malaysia (DOSM).

Chief Statistician Datuk Seri Mohd Uzir Mahidin said the increase in wholesale and retail trade was attributed to the retail trade sub-sector which grew by RM9.3 billion or 20.9% to reach a record RM53.6 billion.

“Wholesale also increased by 11.5% or RM6.1 billion to RM59.0 billion. During the same period, motor vehicles jumped 11.3% or RM1.6 billion to RM15.4 billion.

“Generally, the overall increase of RM16.9 billion or 15.2% in wholesale and retail trade is attributable to the celebration of Hari Raya and increased online shopping,” he said. said in a statement today.

On a monthly comparison (mom), he said the value of wholesale and retail sales increased by 3.4%, sales in the retail sub-sector increased by 7.4% and that the wholesale trade sub-sector grew by 3.1 percent.

Mohd Uzir also said that on a monthly basis, the motor vehicle sub-sector fell by 7.7% which was pushed down by motor vehicle sales at 16.5%, the industry continuing to be impacted by chip shortages as well as a higher recorded base. in March.

“The Internet Retail Sales Index for April 2022 recorded a year-on-year growth of 24.9% (March 2022: 17.0%). For the seasonally adjusted value index, it was up 11.6% from the previous month,” he said.

He said that in terms of volume index, wholesale and retail trade for April 2022 recorded a year-on-year growth of 10.0%.

“The expansion was helped by retail trade which increased by 16.6%.

“Similarly, motor vehicles and wholesale trade also recorded positive growth with 7.2% and 3.3% respectively. For the seasonally adjusted volume index, it increased by 7.9% mom,” the chief statistician said.

The DOSM conducts the Household Income, Expenditure and Basic Amenities Survey (HIES/BA) 2022 from January 1 to December 31, and the Annual Economic Survey 2022 (AES 2022) from April 15 to September 30.

Visit www.dosm.gov.my for more information. — Bernama

Fuels for Ireland calls for a new approach to fuel tax http://karolingischeklosterstadt.com/fuels-for-ireland-calls-for-a-new-approach-to-fuel-tax/ Tue, 07 Jun 2022 13:26:52 +0000 http://karolingischeklosterstadt.com/fuels-for-ireland-calls-for-a-new-approach-to-fuel-tax/

The fuel industry has said the government needs to look at the overall approach to fuel taxation because the argument that higher fuel taxes lead to lower demand “simply does not hold”.

The managing director of Fuels for Ireland said that despite the reduction in excise duty on petrol and diesel earlier this year, users are still paying more fuel tax than last year as prices for fat have increased so much.

Kevin McPartlan said the same liter of diesel that costs €2 today cost around €1.40 at the same time last year, but he noted that sales volumes continue to grow as people don’t have no choice in most cases.

Mr McPartlan said that in the 48 hours before ministers announced in March this year the 15 cent diesel duty cut and 20 cent petrol duty cut, the wholesale price diesel had increased by 22 cents per litre.

“Since then, wholesale prices have risen steadily and this is reflected in prices at the pump. But even today people are paying five cents more in taxes on their liter of fuel than at the same time. last year despite lower excise duties,” he added.

He said fuel VAT was a government matter, but “they need to look closely” at fuel taxation.

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“They seem to think – or they have argued for many years, despite overwhelming evidence to the contrary – that by increasing taxes, excise duties, levies, obligations imposed on the sector which raise prices, they will do something something to decrease demand, and they never worked, it never worked,” he added.

“That’s not to say we don’t need to support the renewable energy sector – it’s something we’re absolutely committed to doing to help the country reach its goal of carbon neutrality by 2050 – we we have to explore advanced synthetic fuels, biofuels, we have to look at hydrogen,” he said.

He said that due to the volatility since the invasion of Ukraine, it was impossible to say what will happen to prices over the next few months.

“You could have a situation if OPEC countries decide to dramatically increase production quickly, it would have a positive impact for consumers,” he said.

“There are scenarios in which prices could go down, there are scenarios in which prices go up – we just don’t know at this stage,” he added.

Lower sugar production pushes up wholesale and retail prices in May–report http://karolingischeklosterstadt.com/lower-sugar-production-pushes-up-wholesale-and-retail-prices-in-may-report/ Sun, 05 Jun 2022 16:01:00 +0000 http://karolingischeklosterstadt.com/lower-sugar-production-pushes-up-wholesale-and-retail-prices-in-may-report/

The country’s raw sugar production as of May 22 was down 14.55% to 1,765 MMT from 2,065 MMT recorded a year ago, according to data from the Sugar Regulatory Administration (SRA).

The SRA forecast the country’s total sugar production for the current crop year to be 1,982 MMT, the lowest in more than a decade. (Related story: https://businessmirror.com.ph/2022/03/10/phl-may-see-lowest-sugar-output-in-a-decade/)

SRA data indicated that total cane crushed during the reporting period reached 20.455 MMT, which is 15.82 percent lower than the 24.3 MMT recorded last year. However, sugar yield increased slightly by 1.74% to 1.75 50-kilogram bags per tonne of cane (LKg/TC) compared to 1.72 LKg/TC last year.

The country’s raw sugar demand also fell by 2.13% to 1.596 MMT from 1.631 MMT. Total raw sugar stocks as of May 22 fell by more than a third to 339,290.02 MT from 516,683.10 MT due to lower production.

The SRA data also showed that the country’s refined sugar production fell slightly to 681,150.15 MT from 690,663 MT. However, local demand for refined sugar increased by 5.79% to 769,500.6 MT from 727,351.15 MT last year.

The total physical inventory of refined sugar as of May 22 stood at 143,896.05 MT, which is 57.82% less than the 341,182.10 MT recorded last year.

Due to lower sugar production, wholesale and retail prices for raw and refined sugar have increased by double digits on an annual basis.

The average price of sugar at the factory increased by 38.47%, from 1,637.16 pesos per KG to 2,267 pesos per KG. The average wholesale price of raw sugar increased by 41.67% year-on-year to reach P2,550/Kg, while refined sugar reached P3,250/Kg, 38.3% higher than the 2,350 P/LKg of last year.

The average retail price of raw sugar increased by 20% year-on-year to reach P54 per kg, while the average retail price of refined sugar increased by 28.44% on a year-on-year basis to reach P70 per kg , according to data from the SRA.

The shortfall in domestic production and supply of raw and refined sugar prompted the SRA to allow the import of 200,000 metric tons of sugar to stabilize domestic prices.

SRA administrator Hermenegildo R. Serafica said earlier that “runaway sugar prices” could have been avoided if the government’s import program had not been stalled by legal challenges. (Related story: https://businessmirror.com.ph/2022/05/23/local-sugar-prices-surge-as-supplies-shrink/)

“This would have been solved earlier by the stalled implementation of SO [sugar order 3]. Either way, it is hoped that this import will cushion the surge in sugar prices,” Serafica told BusinessMirror via text message last month.

SRA data showed importers have yet to bring in refined sugar under the sugar import program for the 2021-2022 crop year since SO 3 implementation resumed last month. .