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the literacy statistics
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DMT,
2018/06/27 11:29PM
Latest post: 2018/06/27 11:29PM, Views: 62, Posts: 1
Latest post: 2018/06/27 11:29PM, Views: 62, Posts: 1
DMT
KUALA LUMPUR , July 4 (Xinhua) -- Lotte Chemical Titan Holding, a Malaysian unit of South Korean conglomerate Lotte Group, on Tuesday set a lower share price for the upcoming initial public offering (IPO) in Malaysia, fixing the price at 6.50 ringgit (1.51 U.S. dollars).
The new offer price was much lower than its earlier price range of between 7.60 ringgit and 8 ringgit per share.
With Lotte already paring down its IPO size by 21.7 percent on Monday from 740.48 million shares to 580 million shares, it is expected that smaller gross proceeds will be raised, down from 5.92 billion ringgit to 3.77 billion ringgit.
The IPO of Lotte Chemical Titan, Malaysia's largest producer of olefins and polyolefins products, was earlier expected to be the largest in Malaysia since August 2012 and the largest in Southeast Asia since May 2013.
In a statement sent to the Malaysian stock exchange, the company emphasized that "the change in proceeds is not expected to materially affect the company's ability to fund the development and construction of the integrated petrochemical facility."
Lim Sin Kiat, an analyst with Hong Leong Investment Bank Research, said in a report dated June 28 that the IPO should be fairly priced at 7.39 ringgit, due to its smaller size compared to its peer Petronas Chemical, an integrated chemical producer under Malaysian state-owned oil and gas firm Petroliam Nasional (Petronas).
"We (also) believe petrochemical product margins for Lotte Chemical Titan appear to have peaked and the risk of margins reverting to lower levels is high at this level given the expectation of capacity expansion in regional and global market," he added.
The IPO, slated for the date of July 11, was the second time for Lotte to go public in Malaysia, after it was taken private in 2011. (1 Malaysian ringgit = 0.2326 U.S. dollar)
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The new millennium has brought along with it a sharp increase in the popularity of womens golf, with a noticeable rise in the number of women golfers in both the professional and casual arenas. This means the face of golf is being changed in dramatic fashion, as golf is rapidly losing its reputation as an ?old boys? game.?
Although it may surprise some, women have been playing professional golf for hundreds of years. But traditionally, golf has been an overwhelmingly male-dominated sport, with many golf establishments not even allowing women players to set foot inside their doors. The journey to playing golf has not been an easy road for aspiring women.
Typically, it takes some kind of spark to set off an explosive rise in popularity for a particular sport. In the world of men's golf, that spark was Tiger Woods, whose incredible play over the past decade or so spurred the popularity of golf to unprecedented levels. It is quite interesting to note that, as a small boy, Tiger was denied entry into a golfing club because of the color of his skin, a club which now welcomes the golfing star with open arms.
In the world of women's golf, sensational teenager Michelle Wie has without doubt been a catalyst in bringing major attention to the sport of women's golf in general, as she has endeavored to use her remarkable golfing skills to take on male golfers head to head. Similarly to Woods, perhaps her efforts will help eradicate the last barriers standing in the path of women golfers, including those few remaining clubs that still discriminate based on gender.
Regardless of Wie?s actual level of success in her quest to play with the men, in the past five years, women's golf has seen a massive rise in popularity thanks in part to her efforts as well as the inspired play of many other great women golfers such as Annika Sorenstam. And that popularity is predicted to rise even further. Women are entering the sport at a record pace, with the fastest rising segment taking up the sport being women younger than 30.
Interestingly, however, there is a slight difference in the manner in which men and women approach the sport. Women tend to view golf primarily as a social activity with competitive undertones, while men see golf primarily as a competitive activity with social undertones. So, while male golfers are obsessing over their score, women are just trying to enjoy themselves.
But despite the ultimate reasons, women have irrefutably embraced golf in the new millennium, and the result has been a a shot in the arm for the game.
by Cristoph De Caermichael & Yan Zhonghua
TORONTO, Sept. 27 (Xinhua) -- In a country that prides itself on education, the literacy statistics in Canada creates a paradigm that is a perplexing educational oxymoron, worthy of exploring. Canadians are considered over educated but in reality low literacy in Canada is as high as 60 percent.
September is back to school and in Toronto that means taking education to the streets, literally. The Word on the Street is a literacy event on the weekend aimed at promoting literacy for all ages and demographics.
Essential skill literacy scores in Canada have been defined as depressing, troubling and alarming, according to Toronto-Dominion Bank's latest report in December 2013. "The need to right this ship is more pressing than ever," said Craig Alexander, the bank's chief economist. "Without getting the basics right, Canadians cannot build the more advanced skills the economy and the labor force require."
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The new offer price was much lower than its earlier price range of between 7.60 ringgit and 8 ringgit per share.
With Lotte already paring down its IPO size by 21.7 percent on Monday from 740.48 million shares to 580 million shares, it is expected that smaller gross proceeds will be raised, down from 5.92 billion ringgit to 3.77 billion ringgit.
The IPO of Lotte Chemical Titan, Malaysia's largest producer of olefins and polyolefins products, was earlier expected to be the largest in Malaysia since August 2012 and the largest in Southeast Asia since May 2013.
In a statement sent to the Malaysian stock exchange, the company emphasized that "the change in proceeds is not expected to materially affect the company's ability to fund the development and construction of the integrated petrochemical facility."
Lim Sin Kiat, an analyst with Hong Leong Investment Bank Research, said in a report dated June 28 that the IPO should be fairly priced at 7.39 ringgit, due to its smaller size compared to its peer Petronas Chemical, an integrated chemical producer under Malaysian state-owned oil and gas firm Petroliam Nasional (Petronas).
"We (also) believe petrochemical product margins for Lotte Chemical Titan appear to have peaked and the risk of margins reverting to lower levels is high at this level given the expectation of capacity expansion in regional and global market," he added.
The IPO, slated for the date of July 11, was the second time for Lotte to go public in Malaysia, after it was taken private in 2011. (1 Malaysian ringgit = 0.2326 U.S. dollar)
Xi, Putin agree to boost coordination on major issues
Xi arrives in Moscow for state visit to Russia
State Council officials pledge allegiance to constitution
16 dead, 94,000 relocated after flood hits south China
Weekly choices of Xinhua photo
In pics: sea of vervain in terraced fields in E China
Fireworks show held to mark HK's 20th return anniversary
Water level of Ganjiang River rises due to lasting rainstorm
The new millennium has brought along with it a sharp increase in the popularity of womens golf, with a noticeable rise in the number of women golfers in both the professional and casual arenas. This means the face of golf is being changed in dramatic fashion, as golf is rapidly losing its reputation as an ?old boys? game.?
Although it may surprise some, women have been playing professional golf for hundreds of years. But traditionally, golf has been an overwhelmingly male-dominated sport, with many golf establishments not even allowing women players to set foot inside their doors. The journey to playing golf has not been an easy road for aspiring women.
Typically, it takes some kind of spark to set off an explosive rise in popularity for a particular sport. In the world of men's golf, that spark was Tiger Woods, whose incredible play over the past decade or so spurred the popularity of golf to unprecedented levels. It is quite interesting to note that, as a small boy, Tiger was denied entry into a golfing club because of the color of his skin, a club which now welcomes the golfing star with open arms.
In the world of women's golf, sensational teenager Michelle Wie has without doubt been a catalyst in bringing major attention to the sport of women's golf in general, as she has endeavored to use her remarkable golfing skills to take on male golfers head to head. Similarly to Woods, perhaps her efforts will help eradicate the last barriers standing in the path of women golfers, including those few remaining clubs that still discriminate based on gender.
Regardless of Wie?s actual level of success in her quest to play with the men, in the past five years, women's golf has seen a massive rise in popularity thanks in part to her efforts as well as the inspired play of many other great women golfers such as Annika Sorenstam. And that popularity is predicted to rise even further. Women are entering the sport at a record pace, with the fastest rising segment taking up the sport being women younger than 30.
Interestingly, however, there is a slight difference in the manner in which men and women approach the sport. Women tend to view golf primarily as a social activity with competitive undertones, while men see golf primarily as a competitive activity with social undertones. So, while male golfers are obsessing over their score, women are just trying to enjoy themselves.
But despite the ultimate reasons, women have irrefutably embraced golf in the new millennium, and the result has been a a shot in the arm for the game.
by Cristoph De Caermichael & Yan Zhonghua
TORONTO, Sept. 27 (Xinhua) -- In a country that prides itself on education, the literacy statistics in Canada creates a paradigm that is a perplexing educational oxymoron, worthy of exploring. Canadians are considered over educated but in reality low literacy in Canada is as high as 60 percent.
September is back to school and in Toronto that means taking education to the streets, literally. The Word on the Street is a literacy event on the weekend aimed at promoting literacy for all ages and demographics.
Essential skill literacy scores in Canada have been defined as depressing, troubling and alarming, according to Toronto-Dominion Bank's latest report in December 2013. "The need to right this ship is more pressing than ever," said Craig Alexander, the bank's chief economist. "Without getting the basics right, Canadians cannot build the more advanced skills the economy and the labor force require."
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