FacebookTwitterLinkedInEmailPrint分享Petrochemical Update:Thailand-based PTT Global Chemical’s long-awaited final investment decision (FID) to build an ethylene-polyethylene complex in Ohio will remain under consideration for an indefinite period.“Due to circumstances beyond our control related to the pandemic, we’re unable to promise a firm timeline” for an FID, the company said in a mid-May email referring to the project to turn shale gas ethane into ethylene to polymerize into 1.5 million tonnes annually of polyethylene.The Bangkok Post had reported as recently as on Feb. 12 that a decision related to the FID was going to be announced by mid-year. It quoted the company’s CEO Kongkrapan Intarajang saying PTTGC was seeking low interest financing for this project as it was a good fit in a strategy to expand overseas revenue.However, an industry expert told Petrochemical Update that conditions needed for such a complex had deteriorated even before Covid-19.“Prior to the pandemic the planned PTTGC project for Ohio faced a cumulative set of troublesome risks,” Tom Sanzillo, director of finance at the Institute for Energy Economics and Financial Analysis, an organization that examines issues related to energy markets. “The pandemic only increased the weak fundamentals and created greater uncertainty about the fate of the project,” Sanzillo told Petrochemical Update on May 25.PTTGC officials have given a number of firm dates for final decision and now they have put the decision off indefinitely, he said. “It would be a very big surprise if this project was revived. The oversupplied market, low prices, increased competition and now an unpredictable demand outlook and uncertain growth path all weigh to the downside,” he added.[Renzo Pipoli]More: Thailand’s PTTGC indefinitely postpones Ohio project amid challenges Thai company indefinitely postpones planned polyethylene plant in Ohio
Parents often find themselves between a rock and a hard place when it comes to doing what’s best for themselves and their children. One financial adviser offers a formula to make it easier.by: Ruth Davis KonigsbergIt’s a uniquely Gen X personal finance dilemma: Should those of us with young children be socking away our savings in 401(k)s and IRAs to make up for Social Security’s predicted shortfall, or in 529s to meet our children’s inevitably gigantic college tuition bills? Ideally, of course, we’d contribute to both—but that would require considerable discretionary income. If you have to chose one over the other, which should you pick?There are two distinct schools of thought on the answer. The first advocates saving for retirement over college because it’s more important to ensure your own financial health. This is sort of an extension of the put-on-your-own-oxygen-mask-first maxim, and it certainly makes some sense: Your kids can always borrow for college, but you can’t really borrow for retirement, with the exception of a reverse home mortgage, which most advisers think is a terrible idea.The flip side of this, however, is that while you can choose when to retire and delay it if necessary, you can’t really delay when your kid goes to college. Moreover, the cost of tuition has been rising at a much faster rate than inflation, another argument for making college savings a priority. Finally, many parents don’t want to saddle their young with an enormous amount of debt when they graduate.According to a recent survey by Sallie Mae and Ipsos, out-of-pocket parental contributions for college, whether from current income or savings, increased in 2014, while borrowing by students and parents actually dropped to the lowest level in five years, perhaps the result of an improved economy and a bull market for stocks. But clearly, parents often find themselves between a rock and a hard place when it comes to doing what’s best for themselves and their children: While 21% of families did not rely on any financial aid or borrowing at all, 7% percent withdrew money from retirement accounts. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Given the large number of requests and inquiries for the issuance of passes to go to the islands, and in order to harmonize the actions of the headquarters when issuing passes for going to the islands, the following instructions are given. Also, it is noted that the transport of persons to the island without a pass issued in accordance with the Decision on measures restricting public transport in liner coastal maritime traffic and this Instruction, is not allowed for any type of transport. Before issuing a pass to a natural person, the civil protection headquarters responsible for the location of the planned destination on the island is obliged to obtain the consent of the competent county civil protection headquarters. A natural person who wants to come to the island from the mainland, and is in the category that can obtain a pass, a pass can be issued in case his arrival on the island is necessary and urgent, as explained in his request to the Civil Protection Headquarters for the planned destination. on the island (municipal or city civil protection headquarters). In relation to passes issued to employees of legal entities, a pass can also be issued in the event that its arrival on the island is necessary and urgent, and the issuance procedure is the same as for natural persons. Side dish: As the main purpose of the decision-making of the Civil Protection Headquarters of the Republic of Croatia is to prevent the uncontrolled movement of large numbers of people and goods that could lead to further spread of the epidemic on the islands, passes should be issued only when absolutely necessary. E-PASSES AND HOW TO GET THEM The Minister of Administration appealed to employers and citizens to rationally and necessarily use e-Passes and stressed: “By abusing the issuance of passes, we are endangering the whole of Croatia. So be responsible, ask for passes for exclusively urgent and necessary situations and jobs. Take care of your health and the health of your loved ones, and everyone who can, stay at home so that we can defeat the virus as quickly as possible. “
Full recap of the other 35 points scored (which took a lot more effort).Offense answers call in 37-3 romp of Western Illinois There were a lot of questions heading into the second game of the season for the Wisconsin football team, but Read… Who says it takes effort to score?The Wisconsin football team scored the quickest points in college football history yesterday, as a clearly flustered Western Illinois return man muffed the opening kickoff and then stepped back into the end zone, resulting in a safety.The play took only one second off of the clock, and placed the Badgers in the record books.UW called timeout after the play was initially ruled a touchback, and then the officials in the booth overturned the call.#Speed RT @andyendicott: I guess that makes it official. #OnWisconsin pic.twitter.com/I58tCzpCbZ— Badger Football (@BadgerFootball) September 7, 2014
…requests additional $5B in 2018 Budget for completionAfter reassurance was given that the Cheddi Jagan International Airport (CJIA) expansion project would be completed by the end of 2017, Public Infrastructure Minister David Patterson has announced that the end date for this project has been pushed over to next year.The Minister made the announcement during his presentation during the Budget 2018 debates.Public Infrastructure Minister David PattersonIn providing an update on the expansion project, Minister Patterson told the House that the final completion and commissioning of the enhanced facility will take place in 2018. He added that the overall expansion works is 77 per cent complete with “the departure terminal is 50 per cent, the new arrival terminal is 70 per cent, the North-East runway is 95 per cent and the South-West runway is 60 per cent completed.”Moreover, the Minister went on to outline that the arrivals terminal is set to be completed in the first quarter of 2018, while the rehabilitated of the existing departure building is slated for completion shortly after.Patterson added that challenges arose in the expansion of the South-western runway, explaining there has been slippage during the efforts to wrap up the construction. As such, works to this section will have to return to the foundation level, which is expected to last for over a year.He assured that the deadline for the completion of the North-eastern expanded runway will be this month.Meanwhile, in order to see the CJIA expansion project through to next year, the Public Infrastructure Minister revealed that Government is requesting an addition $5 billion in Budget 2018.This is in addition to the US$150 million which will initially allocated to this project.Back in August of this year, the Infrastructure Ministry had organised a site tour for media operatives to be updated on their progress at the CJIA. At that event, Patterson confidently expressed the expansion works are in its “final lap.”It was at that occasion that the Minister reassured the public that the December 2017 deadline will be maintained. He had said that as of Augustm 80 per cent completion was achieved at the North East end of the runway, while the South West holds a 60 per cent completion.Regarding the financing of the project, the Minister told the media that they are almost at the monetary limit catered for in the 2017 Budget. While the initial overhead cost of the project remains at US$150 million, they have already exhausted US$85 million at that time. However, he had explained that the additional monies necessary for the completion will be coming from foreign loans and not through allocations in the local budget.The restoration and expansion of the country’s main port of entry, CJIA, commenced in 2013 under the People’s Progress Party Government. When the A Partnership for National Unity/Alliance For Change Government took office in 2015, the project was modified when a number of areas were downgraded from the original plan.