Japanese Restaurant Investment – Sushi Restaurant Albany http://sushirestaurantalbany.com/ Mon, 18 Oct 2021 19:50:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sushirestaurantalbany.com/wp-content/uploads/2021/06/icon-1-150x150.png Japanese Restaurant Investment – Sushi Restaurant Albany http://sushirestaurantalbany.com/ 32 32 Chinese GDP growth slows as real estate and energy wreak havoc https://sushirestaurantalbany.com/chinese-gdp-growth-slows-as-real-estate-and-energy-wreak-havoc/ https://sushirestaurantalbany.com/chinese-gdp-growth-slows-as-real-estate-and-energy-wreak-havoc/#respond Mon, 18 Oct 2021 18:46:00 +0000 https://sushirestaurantalbany.com/chinese-gdp-growth-slows-as-real-estate-and-energy-wreak-havoc/ Volkswagen, the market leader in China, said on Friday that production was on the decline as the company faced a shortage of chips and other supply chain issues. The company does not have enough cars to fill customer and dealer orders, creating a backlog. “Our priority is to reduce our order backlog,” said Stephan Wöllenstein, […]]]>

Volkswagen, the market leader in China, said on Friday that production was on the decline as the company faced a shortage of chips and other supply chain issues. The company does not have enough cars to fill customer and dealer orders, creating a backlog.

“Our priority is to reduce our order backlog,” said Stephan Wöllenstein, general manager of the China division of Volkswagen.

For months, economists have made the same prediction: China’s rapid export growth cannot last.

The economists were wrong.

Chinese exports continued to climb in the third quarter and ended strong, up 28.1% in September from the same month last year. China posted its third-highest monthly trade surplus on record last month.

China has essentially maintained its strength in exports since its economy emerged from the pandemic in the spring of last year. While much of the world has curled up in their homes, families have splurged on consumer electronics, furniture, clothing and other goods that China manufactures in abundance.

The export boom, however, creates another source of tension between the United States and China.

Katherine Tai, the United States’ trade representative, suggested in a speech two weeks ago that China’s export prowess was in part the result of subsidies and other unfair practices. “For too long, China’s lack of adherence to global trade standards has undermined the prosperity of Americans and others around the world,” she said.

But Chinese officials and experts argue that the country’s success is the result of a strong work ethic and substantial and substantial investment in the manufacturing sector. They are quick to point out that by firmly bringing the pandemic under control in a matter of weeks at the start of last year, China was able to quickly reopen its factories and offices.

]]>
https://sushirestaurantalbany.com/chinese-gdp-growth-slows-as-real-estate-and-energy-wreak-havoc/feed/ 0
Failed companies expected to win the Corporate Darwin Award https://sushirestaurantalbany.com/failed-companies-expected-to-win-the-corporate-darwin-award/ https://sushirestaurantalbany.com/failed-companies-expected-to-win-the-corporate-darwin-award/#respond Sat, 16 Oct 2021 03:46:03 +0000 https://sushirestaurantalbany.com/failed-companies-expected-to-win-the-corporate-darwin-award/ Note: Some answers have been edited for length and / or clarity. 1. “Whoever was in charge of putting the Yellow Pages online.” Newscast / Universal Images Group via Getty Images “A multibillion dollar industry that adopted wayyyyy too late.” —U / zerostyle 2. Circuit City has made a decision to stop selling home appliances. […]]]>

Note: Some answers have been edited for length and / or clarity.

1.

“Whoever was in charge of putting the Yellow Pages online.”

Newscast / Universal Images Group via Getty Images

“A multibillion dollar industry that adopted wayyyyy too late.” —U / zerostyle

2.

Circuit City has made a decision to stop selling home appliances. No matter how bad the economy is, people will always buy refrigerators, washers, vacuum cleaners, etc., but they will be waiting in front of televisions and video games. . “

Kim Kulish / Corbis via Getty Images

3.

“Borders ceasing to do business with Amazon.”

4.

“Prodigy Online Service. They had a great bulletin board system, which was included in the monthly fee. They got greedy, and for no other reason than wanting to make more money, they started charging people for using the bulletin board, by message. “

Conan O’Brien / Via giphy.com

“Beyond dumb, and at the time, a lot of users were like, OK, we’re done with Prodigy. In one year, they’ve lost almost all of the market share to Compuserve and AOL, and were virtually nonexistent shortly thereafter. All because they got even more greedy. ” —U / R_TOKAR

5.

“I officially name Schlitz Beer for the Corporate Darwin Hall of Fame. The number one beer in America by far in the late 1960s and early 1970s, when a head office genius decided to change the recipe to save money. money on ingredients. Sales have fallen off a cliff. “

Buffalo wild wings / Via giphy.com

“Almost immediately they went back to the old recipe. But it was already too late. The old Schlitz drinkers stayed away in droves. The business stays up the Schlitz stream without a paddle.” —U / jimmyjazz2000

6.

“In the mid-90s, before Napster, I was working for BMG marketing this ’10 CDs for a dollar’ crap.

7.

“We love rice here in the Philippines. There is a popular and relatively inexpensive Japanese restaurant that serves unlimited rice for every meal, and it was well known for it. “

giphy.com

“A brilliant guy decides to take it off, the rumor goes around and people stop going. A few months later, they decide to put the promo back on, but the customers just stopped coming.” —U / teapots

8.

“Excited not to buy Google for $ 750,000.”

Nurphoto / NurPhoto via Getty Images

9.

“This year, POWDR, a group that ran Park City Mountain Resort, the nation’s third largest family ski resort, was taken over by competitor Vail and removed from their resort ownership. Why ? Because after 20 years of existence the largest lease in history (about $ 150,000 per year for a complex that brings in millions and millions of dollars), the end of the lease has elapsed and they forgot to renew it. Literally, that’s it. “

ten.

“I worked on the TV show Fear factor. I’m pretty sure giving two hot blondes ass to drink ass killed the show. “

DreamWorks Animation / Via giphy.com

“It was canceled after the controversy of this episode.” —U / Sil_E

11.

Peanut Corporation of America found salmonella in their products. The owner covered it up and told them to ‘just ship it.’ Infected and killed dozens of people, the company went bankrupt almost immediately after it it was traced to them, and the owners were charged and prosecuted. “

12.

“Milwaukee Road gave up half of its main line because it thought it was losing money despite heavy traffic. the system that made money. “

Cweimer4 / Getty Images

“They sold some of their rolling stock to generate short-term cash, then re-let it. When the rental price went up, they couldn’t afford to fix their own equipment, so they sold more. to rental companies Rinse, repeat.

Instead of completing their electrification and buying new electric locomotives (on which GE was willing to offer them a deal), they decided to take the electrification out and sell it for scrap. When they did that, scrap metal prices fell and diesel fueling ended up costing more than completing their electrification. Needless to say, things didn’t go well for them. “—U / elfo222

13.

“RadioShack is doing it slowly. They used to be the place to go to get resistors, switches, and cards. Now the employees don’t know what a potentiometer is and they insist on selling me smart phones.”

NBC / Via giphy.com

“It’s also worth pointing out that they know next to nothing about cables or connector types. At my local RadioShack, they are of no help. “—U / Tim_Teboner

14.

“Digg. This irreversible system upgrade.”

15.

“There’s a restaurant in Austin that’s pretty much famous for their really good chicken wings. At one point a few years ago wings were taken off the menu because they were ‘too popular’ and ‘slowing down. the kitchen. “It went on for about a month before someone realized it was a better idea to put the time and effort into improving the kitchen rather than killing their best-selling item.”

The Late Show with Stephen Colbert / CBS / Via giphy.com

16.

“Enron for paying ‘idea bonuses’ to their leaders before the ideas became profitable.” They paid a guy millions for inventing an online movie download service about 10 years before it was possible. Ironically, the documentary is available on Netflix. “

17.

“K-Mart took on a whole bunch of debt to buy back its shares, in an attempt to raise the price of its shares. When the news came out, Walmart (which had virtually no debt at the time) decided that now would be a good time to start a price war K-Mart had to pay interest, while Walmart had little or no interest to pay.

Walmart / Via giphy.com

“So by lowering the profit margin to a point where K-Mart had to cut back on internal investments, Walmart got ahead while K-Mart was lagging behind. things like creating new stores and maintaining existing stores). And that’s one of the main reasons why Walmart is so popular and booming, when K-Mart has always seemed a little … —u / hokthes

18.

“In 1995, Malden Mills burned down. At a time when manufacturers were relocating their operations overseas to cut costs, Feuerstein rebuilt the factory in the same location. And he continued to pay the salaries and benefits of all his employees during the reconstruction.

Boston Globe / Boston Globe via Getty Images

“Unfortunately, the company never recovered, Feuerstein was eventually ousted, Malden Mills declared bankruptcy and its assets were sold or transferred to new companies.” —U / Spektr44

19.

“It didn’t turn out badly, but the founder of FedEx had a potential Darwin Award in his hands. When the company didn’t have enough money to fuel the planes, he took the company’s remaining funds, went to Vegas, and bet it all on blackjack tables. Now it turns out that he has earned enough to keep the planes in the air, thus saving the business. It was practically a draw, however. “

20.

“Atari spent something in the order of $ 100,000,000 in the 1980s to purchase the rights to make a HEY video game followed by only giving a guy about two months to design, program and test the game. It didn’t just come close to tanking Atari, but console gaming in general. “

21.

“The founder of Osborne Computer made such a profound mistake that he not only killed the company, but generated a name for the effect that is famous in the computer industry. The moral of the story: don’t don’t tell consumers about your new, improved, cheaper model coming out very soon while you’re still trying to sell the existing model. Unless you want them to stop buying the existing model. “

Nora Carol Photography / Getty Images

22.

“When the iPod was first launched, it was an Apple-only product. At the time, I was a sales manager at a computer chain store, and we had people practically begging for the iPod on a PC.

Roger Brooks / Getty Images

“Apple account representatives have told us in so many terms that this is not happening and that Apple has no interest in connecting their product to a PC. I’d say it was at least a year before Apple released PC versions, and there wasn’t a lot of stock we could bring in that wouldn’t sell out instantly. I don’t know why they changed their position, but it’s a good thing they did. —U / avrus

23.

“Bean counters wanted to change Augustiner (Munich’s oldest brewery, a very traditional and fantastic beer) to switch from in-house malt to externally produced malt, as the malt building is located in a prime real estate location in the Munich city center. “

Starz / Via giphy.com

“They tested beers with external malts, the result was not as good, so they kept their own production, because their business keeps up with the quality of their beer. They hardly advertise and really live than their reputation. “ —U / _ak

24.

Sharper Image is suing Consumer Reports for making ‘defamatory’ allegations that their sonic air filter was fake. It turns out to be a fake. Court ordered product recall. Sharper Image is no longer . “

Fox / Via Nokia, September 21, 2010

25.

“In 2008, speculators were pushing the price of oil to unsustainable levels. Get into Semgroup, a pipeline company that moved oil and traded energy futures. In 2008, they decided to sell short oil.”

PBS / Via giphy.com

“For the next month or two, oil continued to push higher and higher, and they continued to increase their position on average. The problem here was that Semgroup management was so certain that prices were going to fall, that it short-circuited oil on the margin.In the end, the clearing house of the brokerage house with which Semgroup took this important short position forced Semgroup to unwind its entire position in Barclays. Semgroup finally went bankrupt. Literally a week later, the oil crashed SPECTACULARLY. In about a month, it fell almost 80%. Semgroup missed $ 5 billion in profits. ” —U /[deleted]

26.

“When Nokia said, ‘Using Android is like peeing in your pants to warm up in winter’, in September 2010.”

Nurphoto / NurPhoto via Getty Images

27.

“Kodak tells the creator of digital photography to fuck off.”

28.

Segway. In June 2003, President Bush made headlines for falling off a Segway during a test drive. This event alone likely killed the future of the company. In September 2003, the company has recalled all units due to injuries sustained by customers when the battery died. “

Radio-Canada / Via giphy.com

Fast forward to 2009, Segway is acquired by British businessman James Heselden. In a literal Darwin Award moment, Heselden dies when he rides his Segway on a 30 foot cliff and falls into the river below. . ” —U / ad8871

Daily BuzzFeed

Keep up to date with the latest daily buzz with the BuzzFeed Daily newsletter!

]]>
https://sushirestaurantalbany.com/failed-companies-expected-to-win-the-corporate-darwin-award/feed/ 0
Coolest offices 2021 | Crain’s Business in Chicago https://sushirestaurantalbany.com/coolest-offices-2021-crains-business-in-chicago/ https://sushirestaurantalbany.com/coolest-offices-2021-crains-business-in-chicago/#respond Thu, 14 Oct 2021 18:03:54 +0000 https://sushirestaurantalbany.com/coolest-offices-2021-crains-business-in-chicago/ Mondelez International Space: A five-storey building made up of new constructions and original structures, one of which dates from 1894 and the other from 1916, in the slaughterhouse district That he has done: Solomon Cordwell Buenz (office); Hartshorne Plunkard Architecture (reception / retail restaurant) Cool because: It’s located in Fulton Market, a historic district that […]]]>

Mondelez International

Space: A five-storey building made up of new constructions and original structures, one of which dates from 1894 and the other from 1916, in the slaughterhouse district

That he has done: Solomon Cordwell Buenz (office); Hartshorne Plunkard Architecture (reception / retail restaurant)

Cool because: It’s located in Fulton Market, a historic district that has become a bustling food hub where employees can eat at the city’s best restaurants and an on-site bakery and cafe called the Good Ambler. To personalize the spaces, local artists have created bespoke pieces that celebrate the business and pay homage to its historic location. Artworks range from a larger-than-life stack of Oreo cookies to a card featuring 50 preserved raw ingredients from around the world. Design elements emphasize well-being and sustainability: open stairwells, a nursing mother’s bedroom, a quiet room, adjustable standing desks, treadmill desks and a ping-pong table. pong. There’s also a green roof, water-reducing plumbing fixtures, and durable furniture from design impresario Knoll.

Most interesting feature: A unique blend of historic and modern architecture, like century-old beams and an original brick facade juxtaposed with steel and glass.

Why employees like it: It’s all theirs: the company occupies the 83,250 square feet of five-story office and retail space in the building. Employees can enjoy a sense of community thanks to the location of the Good Ambler Café – open to the public – and the reception area at street level. A garage-style door on the top floor opens to a large balcony outfitted with plush seating, tables, and a large island with grill, while an on-site store offers snacks from corporate brands such as Oreo, Triscuit, Cadbury and Sour Patch Kids. Having an after-hours lunch or drink to strengthen the team and network in some of the hottest places in town is literally steps away.

]]>
https://sushirestaurantalbany.com/coolest-offices-2021-crains-business-in-chicago/feed/ 0
Six gigantic projects that embody Saudi Arabia’s $ 7 trillion development plan https://sushirestaurantalbany.com/six-gigantic-projects-that-embody-saudi-arabias-7-trillion-development-plan/ https://sushirestaurantalbany.com/six-gigantic-projects-that-embody-saudi-arabias-7-trillion-development-plan/#respond Wed, 13 Oct 2021 20:13:10 +0000 https://sushirestaurantalbany.com/six-gigantic-projects-that-embody-saudi-arabias-7-trillion-development-plan/ DUBAI / CAIRO / JEDDAH: Six ambitious flagship projects under development in the Kingdom aim to help transform the economy while showing the world and all Saudis the geographic richness, cultural heritage and hospitality of the nation , its economic ambitions and its environmental conservation aspirations. These projects are needed more than ever to stimulate […]]]>

DUBAI / CAIRO / JEDDAH: Six ambitious flagship projects under development in the Kingdom aim to help transform the economy while showing the world and all Saudis the geographic richness, cultural heritage and hospitality of the nation , its economic ambitions and its environmental conservation aspirations.

These projects are needed more than ever to stimulate foreign investment and increase spending in the economy, as the Kingdom expects $ 7 trillion in government investment and spending to materialize by the end of the year. the decade.

But continued liberalization and economic reforms will be necessary to ensure their success, as will continued foreign investment, according to a finance CEO and economic consultant and former economy minister.

Nasser Saidi, former Minister of the Economy of Lebanon, now Dubai-based economic consultant, said: “These projects must be seen in the context of the broader objective of undertaking a structural transformation of the economy. Saudi Arabian.

Nadhmi Al-Nasr is the CEO of the NEOM project. (Provided)

“Faster and deeper economic diversification is imperative for the creation of sustainable jobs for its young population and for meeting the challenge of the global energy transition away from fossil fuels, Saudi Arabia’s main source of income and exports. .

“By investing in new sectors (be it tourism, digital economy or renewable energy) and regional economic development on its west coast, Saudi Arabia is moving away from over-reliance on oil and redefining the image of the country.

“This is why the gigaprojects continued (and related contracts were signed), even during the pandemic, while the budget tightening was underway.

“Foreign investors can be reassured by Saudi Arabia’s promising growth potential (eg in the hitherto untapped tourism, media and entertainment sectors) and the associated returns on investment.

“But these are all long term, long gestation projects. This is why liberalization measures (full foreign ownership, facilitation of long-term stay, reform of labor markets, authorization of competition, protection of property rights, insolvency and bankruptcy laws) are important to attract FDI.

“Foreign investors can also take comfort in the fact that gigaprojets are political standard bearers; they must be considered successful and they will continue to be financed by the PIF, SCB reserves, debt markets, etc. Notably, they will be much easier to do now when oil prices are high above $ 80. “

Tarek Fadlallah, CEO of Nomura Asset Management in the Middle East, told Arab News: “Tourism-related projects have been boosted by the Saudis staying at home. I saw it myself during a recent visit to Riyadh. The entire restaurant and leisure sector has been transformed by the pandemic.

“Projects like AlUla and Qiddiya are more advanced than others. Foreign companies and funds have effectively invested in them and brought them closer to their achievement.

“The gigaprojects strategy is extremely ambitious, but if they succeed it will be a vital contribution to the success of Vision 2030. It will continue to need foreign investment to help it function.

The six projects are:

The Red Sea Development Corporation

Aiming to be a world leader in regenerative tourism, the Red Sea Project is a luxury sustainable tourism project on a 28,000 km² site on the west coast of the Kingdom.

The Red Sea Development Company, established in 2018, is fully owned by the Public Investment Fund and will lead the development of the project.


Artist’s impression of the spectacular Desert Rock hill station of the Red Sea Development Company. (Supplied / Red Sea Project)

Directly employing 35,000 people, the project showcases the landscape and rich cultural heritage of the Red Sea coast. Occupying an archipelago of over 90 islands – some unspoiled – with dormant volcanoes, deserts and a wide variety of wildlife and mountainous landscapes, it will focus on preserving the environment while relying exclusively on renewable energy sources, with a ban on single-use and zero-waste plastics going to landfill.

The master plan is the result of the collaboration between WATG and Buro Happold and includes design concepts from the world’s leading architectural firms. Infrastructure works have already started with 80 km of new roads completed and 10,000 workers are based in a construction village.

Qiddiya

Aspiring to be a center of entertainment, sports and the arts, Qiddiya is one of the Kingdom’s Vision 2030 new gigaprojects. The project is based on five main pillars: Sports and well-being, nature and environment, parks and attractions, movement and mobility, and arts and culture.

Qiddiya Investment Company is another private joint stock company established in 2018 and 100% owned by PIF. Its objective is to strengthen the Kingdom’s status as a leading tourist destination.

A “record” Six Flags theme park will contain 28 rides and attractions in six themed grounds. A key attraction will be the Kingdom’s first water theme park. With 23 rides and attractions, it is expected to be the largest in the region. Qiddiya will also offer luxury tent retreats, animal encounters, and outdoor adventures and explorations.


Artist’s impression of Qiddiya, one of the many Saudi projects launched as part of the Kingdom’s ambitious Vision 2030 development plan. (Provided)

A speed park will include an FIA grade 1 racing track dedicated to motorsport fans as well as a golf course designed by Jack Nicklaus, one of the greatest golfers of all time, open to elite and amateur golfers. .

The Riyadh-based project also establishes several arts and cultural centers, including an arts complex, festival grounds, a multiplex cinema and a performing arts center.

Aseer Development Project

On September 28, Crown Prince Mohammed bin Salman launched a tourism strategy to develop the southwestern Aseer region with 50 billion rupees ($ 13 billion) to attract more than 10 million visitors by 2030.

Tourist attractions on the peaks of the mountains of Aseer will make the province a year-round destination, harnessing the tourism potential of its geographic and natural diversity, culture and heritage.

In addition, it will provide new employment opportunities, improve the quality of life and modernize essential services and infrastructure in the region.

The PIF plans to invest $ 3 billion to build 2,700 hotel rooms, 1,300 residential units and 30 shopping and entertainment attractions in Aseer by 2030.

Diriyah Gate Development Authority

On July 15, construction of critical infrastructure for the world’s largest cultural and heritage city began along Riyadh’s western ring road as part of the development of the Diriyah Gate Development Authority.

The authority was tasked by the Saudi government with redeveloping the “cradle of the kingdom” into a world-class destination, and said it would complete and deliver its first-phase assets by early 2022.

The $ 50 billion gigaproject will feature some of the world’s most luxurious restaurants and hotels, with all structures built in the traditional architectural style of Najdi.

The first phase of the project’s master plan will focus on a landscaped park, Wadi Hanifah and Bujairi Terrace, with 18 new restaurants, several of which will be Michelin-starred, while others will offer local Saudi specialties.

NEOM

A gigaprojet, located in northwest Saudi Arabia on the Red Sea coast, NEOM is looking for entrepreneurs and investors.

In mid-September, around 150 design and construction companies visited the project over four days to explore potential partnerships and opportunities.

The project includes construction villages with worker communities of up to 30,000 workers, as well as offices, warehouses and construction service establishments.


Coral reefs are teeming with marine life off the coast of Yabou Island, Saudi Arabia, in the Red Sea. (Supplied / Neom)

At the end of July, NEOM Company and King Abdullah University of Science and Technology launched a joint project to build the world’s largest coral garden on Shushah Island at NEOM.

The initiative is a perfect example of Saudi Arabia’s pledge to protect 95 percent of the natural environment within NEOM. The 100-acre Shushah Island Coral Reefscape will demonstrate the conservation of coral reef restoration in a changing climate. The project is expected to be completed in 2025.

AMAALA

AMAALA is an ultra-luxurious project on the Red Sea beach in Saudi Arabia, focused on wellness, healthy living and meditation.

The project will provide guests with facilities and services providing a luxury experience in areas such as arts, culture, fashion, wellness and sports services.

AMAALA announced on July 27 a partnership with the Saudi Art Council for this year’s 21.39 Jeddah Arts to celebrate the creative and artistic talents of the region and beyond.


The majestic peaks of Al-Lawz Mountain, the highest peak in Neom. (Supplied / NEOM)

The exhibition will include part of AMAALA’s vision to promote Saudi Arabia’s creative ecosystem through art residencies, platforms and incubators.

On June 22, AMAALA received top honors at the Transform Awards 2021 with its partners, Landor & Fitch, winning the prestigious Grand Prix, which showcased the rebranding of the project’s visual and creative strategy.

Additionally, on March 22, AMAALA announced that it had signed a Memorandum of Understanding with the Saudi Contractors Authority, allowing AMAALA to share its potential projects with SCA members and then receive information on interested bidders.

]]>
https://sushirestaurantalbany.com/six-gigantic-projects-that-embody-saudi-arabias-7-trillion-development-plan/feed/ 0
Duros Land expands its hotel portfolio https://sushirestaurantalbany.com/duros-land-expands-its-hotel-portfolio/ https://sushirestaurantalbany.com/duros-land-expands-its-hotel-portfolio/#respond Tue, 12 Oct 2021 15:00:39 +0000 https://sushirestaurantalbany.com/duros-land-expands-its-hotel-portfolio/ LILOAN-based Duros Land Properties Inc. continued its tourism projects amid global uncertainty and economic hardship caused by the Covid-19 pandemic. The group created Duros Hotels Inc. to manage the company’s three hotel properties – One Tectona Hotel in Liloan and Cebu Quincentennial Hotel in Cebu City – which are nearing completion and Gana Island Resort […]]]>

LILOAN-based Duros Land Properties Inc. continued its tourism projects amid global uncertainty and economic hardship caused by the Covid-19 pandemic.

The group created Duros Hotels Inc. to manage the company’s three hotel properties – One Tectona Hotel in Liloan and Cebu Quincentennial Hotel in Cebu City – which are nearing completion and Gana Island Resort on Siargao Island, which has been temporarily closed due to the pandemic.

These three hotel projects total 184 rooms and should be operational next year.

“Duros Hotels Inc. was born during the pandemic because we saw the need for it. During the pandemic, we have found the time to explore what we have. We have a golf course, so for you to come here you need a hotel. So we developed One Tectona Hotel. It’s very encouraging because there are a lot of investors, ”said Fe Barino, President of Duros Land Properties, in an interview on Tuesday, October 12, 2021.

Fe said the goal of Duros Hotels is to build themed hotels.

One Tectona Hotel intends to conquer the golf tourism market, which is popular among Koreans and Japanese, which are Cebu’s main overseas markets.

The Duros Group has an international 18-hole Par 72 golf course located in the barangay San Roque, Liloan.

“Sixty percent of the One Tectona Hotel market is devoted to golf tourism. We will be offering golf packages, ”said Adie Gallares, hotel manager at Duros Hotels Inc.

One Tectona Hotel is a four-star, 100-room hotel that will open in mid-2022. It will include an international restaurant, cafe, swimming pool, games room, meditation garden and sports bar, among many other amenities.

Cebu Quincentennial Hotel, on the other hand, is located along Cardinal Rosales Avenue in Cebu City. It is positioned to attract faith-based tourism. The hotel is located at 23 Minore Park, an integrated development where the Landers shopping center and the IEC pavilion are located.

Gana Island Resort is a 38-room resort located on Siargao Island, Surigao del Norte.

Robust investment

Rafaelito Barino, chairman of Duros Group, said the group’s strong investment in the hospitality industry anticipates a recovery in tourism following the gradual easing of travel restrictions and the rollout of the government’s vaccination program.

“These are the new investments that we are launching,” Fe said. “Even during the pandemic time, we are not stopping. We are spending money to prepare for the opening of the economy.

Fe added that in addition to these three hotels, the company is also planning to build a 100-room airport hotel in Panglao, Bohol.

“We conceptualized this before the pandemic. We will come back to this project. We will keep an eye on the economic situation, but it is ongoing, ”Fe said.

10th anniversary

Duros Land Properties celebrates its 10th anniversary with the vision of “shaping the vibrant cities of the future”.

In addition to expanding its hotel portfolio, the company is also expanding its residential projects

Duros Land has a land reserve of over 300 hectares and is in the process of establishing multiple developments spread across six barangays in Liloan. (KOC)

]]>
https://sushirestaurantalbany.com/duros-land-expands-its-hotel-portfolio/feed/ 0
Infrastructure: it’s more than concrete https://sushirestaurantalbany.com/infrastructure-its-more-than-concrete/ https://sushirestaurantalbany.com/infrastructure-its-more-than-concrete/#respond Mon, 11 Oct 2021 08:30:00 +0000 https://sushirestaurantalbany.com/infrastructure-its-more-than-concrete/ By Morf Morford Tacoma Daily Index Remember Andrew Carnegie, the founder of the public library and a man who built enormous wealth during the oil and coal based industrial revolution? He knew that leaving a legacy and making a difference was more than just an accumulation of money – in fact, the money accumulated, as […]]]>

By Morf Morford

Tacoma Daily Index

Remember Andrew Carnegie, the founder of the public library and a man who built enormous wealth during the oil and coal based industrial revolution?

He knew that leaving a legacy and making a difference was more than just an accumulation of money – in fact, the money accumulated, as he well knew, is destructive to individuals as well as to savings. As Carnegie put it, “Man must have an idol, but the accumulation of wealth is one of the worst kinds of idolatry. No idol is more demeaning than the cult of money.

In all directions and in all categories, we as a nation, and certainly as a region, appear to be in a state of transition, even crisis.

Whether it’s our place in the global economy or local potholes, schools or tax rates, everything seems to be in motion, and not very similar, to put it mildly, to put it mildly. which seemed so certain and solid a few years ago. There are more contributing factors to this situation than one could name. And no generation, era or political party can escape blame.

Take into account our regulatory processes. Yes, a century or two of accumulation of rules, expectations and intentions has confused and contradicted all original and once clear intentions (even those, like the Red Line, with questionable goals), but when the cost of ‘a (sometimes simple) project is multiplied, or its completion compromised, by regulations, you know something is deeply flawed in our system.

A typical mile of rapid transit systems in the United States, for example, costs twice as much as in Europe, due to bureaucratic delays, consultation fees and, of course, almost endless litigation.

And it’s no surprise to anyone living in the greater Tacoma area, the average highway project in the United States takes 9.5 years to work its way through the authorization and approval process.

And some projects that we could mention are well above average.

Planning is easy, the saying goes, execution, not so much.

Progress, whether for individuals, communities or nations, rests on three things; clarity of the mission; speed of project development; and the confidence that comes from successfully leveraging our strengths and achievements.

In other words, everyone from stakeholders to community members to workers needs answers to a few key questions; what are we doing? How can we make it happen? And are we making progress, even a single step every day?

With clarity of purpose comes the urgency – and the ultimate multiplier effect – unity.

And, of course, without clarity of purpose comes confusion and demoralization – which for a society or individual – means waste and self-destruction.

Whether it’s an interstate transportation project or an individual’s drug addiction, clarity of purpose sets the stage and often highlights the next step – or more. And without it, no progress can be made.

Unlike previous eras, when a common threat united us, common threats like COVID, climate change or crippling income inequality seem to divide us even more.

We have decisions to make and funds to generate and allocate – and arguments about every aspect of every problem.

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are. – James W. Frick

We seem to have forgotten a very important guiding principle; infrastructure, above all, is about creating lasting value for the public, for all of us – and the current atmosphere of debate, even open conflict, ignores how urgently we need to make the system work – for us all.

Some countries seem to be doing great things, like high-speed, energy-efficient, safe and reliable public transport systems that cross borders, cultures and language barriers at record speeds – both in construction and in the world. passenger experience.

Long-lived traditional cultures operate on a principle they hardly ever articulate because it is so fundamental, and which we in the United States don’t use because we don’t know it; the more you give, the more you have and the more you grab, the more you lose.

This is true in all walks of life, from trust and friendship to money and, yes, infrastructure.

Almost any worthwhile infrastructure project will take, at a minimum, about ten years – usually longer, often much longer.

In other words, many of those who have planned or worked on a given project will not live to see it.

This is, by any definition, what “culture” is; the developments, ideas and beliefs of previous generations which left a basis for those to follow.

Some infrastructures are solid and visible, such as bridges or railways.

Other infrastructures are more subtle, but no less powerful and impactful.

These can be values, policies or beliefs that frame and define a nation or culture.

Our attitudes towards education, citizenship, crime (and punishment) and, perhaps more than anything, our responsibility to future generations are the unspoken and unspoken membrane that binds us all together.

If you are traveling to a foreign country (as an American), especially almost anywhere in Europe or Asia, you will probably be struck by the “uniformity” of these cultures.

In Japan, for example, pretty much everyone is, wait, Japanese. And every Japanese citizen knows, consciously or unconsciously, what is expected of them in terms of work ethics, public behavior and personal behavior.

We in America basically don’t have such self-awareness.

How does a stereotypical “American” “act” in a given situation?

Unfortunately, we see it in real life or in the media.

Americans are known to demand their “freedom”, their “rights” and, of course, their privileges.

American overseas tourists are notorious for being rude, condescending, and critical of almost every aspect of the foreign experience they have paid for and chosen to have.

America’s public tantrums abroad are legendary.

And, for better or for worse, we are seeing more and more of them here.

Arguments, denials, even assaults against medical staff, restaurant workers or even on flights (in the air!) Have become everyday news.

Our unspoken infrastructure, like the way we behave and treat each other in public, is at least as important and as revealing as any bridge or high-speed rail line.

The two prongs, the tangible and the behavioral, are an investment in each other and in the future.

And the more we keep, protect, even fight for what we have, the more likely we are to see it disappear.

And the more we share, invest and engage in what is important to us, the more we, and everyone else, will have.

This has always been America’s promise – opportunity, freedom, and justice for all, not just those who hoard and lock up.

]]>
https://sushirestaurantalbany.com/infrastructure-its-more-than-concrete/feed/ 0
User Guide: Everything You Need to Know About Water Street Tampa https://sushirestaurantalbany.com/user-guide-everything-you-need-to-know-about-water-street-tampa/ https://sushirestaurantalbany.com/user-guide-everything-you-need-to-know-about-water-street-tampa/#respond Fri, 08 Oct 2021 13:39:28 +0000 https://sushirestaurantalbany.com/user-guide-everything-you-need-to-know-about-water-street-tampa/ Water Street Tampa is happening, lease by lease and grand opening by grand opening. Construction on the $ 3.5 billion eat-work-play-stay development that reshapes downtown Tampa began in 2018. Phase one will be completed by 2022. Why is this important: The massive 56-acre contiguous development has nearly doubled downtown Tampa’s footprint and will be a […]]]>

Water Street Tampa is happening, lease by lease and grand opening by grand opening.

  • Construction on the $ 3.5 billion eat-work-play-stay development that reshapes downtown Tampa began in 2018. Phase one will be completed by 2022.

Why is this important: The massive 56-acre contiguous development has nearly doubled downtown Tampa’s footprint and will be a centerpiece for the future of sustainable urban waterfront design.

What is happening: The project opens in phases and will eventually total 9 million square feet of commercial, residential, hospitality, entertainment, cultural and retail space, all connected by a street plan focused on pedestrians and public green belts.

  • The developer of the project, Strategic Property Partners, is a joint venture between Tampa Bay owner Lightning Jeff Vinik and his partners and Cascade Investment, the investment firm funded by Bill Gates.

The last: A Publix Greenwise Market opened in August on the ground floor of Heron, the first apartment tower to open.

  • Three commercial tenants recently signed leases – Orangetheory Fitness, Shortwave Coffee and Chill Bros. Scoop Shop.
  • And cybersecurity firm ReliaQuest has announced a new headquarters on the top six floors of Thousand & One, the focal point of Water Street.

Background: The lot was mostly vacant lots and parking lots a few years ago when Vinik noticed the potential around the Lightning’s Amalie Arena and its connection to the waterfront.

In numbers :

  • 1 million square feet of new office space (including Tampa’s first office towers in 25 years).
  • 1 million square feet of commercial and cultural space.
  • 3,500 residences, both for rent and for sale.
  • 692 new hotel rooms and 727 renovated, including the city’s first five-star hotel, The Tampa EDITION.

How to get there: As construction is underway, circulation patterns remain a challenge. But there is plenty of parking in the cruise terminal parking lots or in the large paid parking lot at Sparkman Wharf.

  • Water Street is also on the TECO streetcar line and a short walk from the Tampa termination of the Cross Bay ferry. Rental scooters and bikes abound.
What to eat
A footbridge at Sparkman Wharf. Photo: Becca Meier / Axios

There are plenty of options for eating and drinking at Sparkman Wharf, the development restoration center.

Details: Built inside the former Channelside Plaza, Sparkman Wharf offers chef-led concepts in repurposed shipping containers on the waterfront, next to the cruise terminal.

  • Other highlights include a covered beer garden, an outdoor stage, swings, and an expansive lawn with games.

Open:

  • Jeni’s – A popular Columbus, Ohio based ice cream shop with unusual (but delicious) flavors.
A tall man with white hair is holding and an ice cream cone.
A tourist holds an ice cream cone at Jeni’s house. Photo credit: Ben Montgomery / Axios
  • LightHaus beer garden – Flights of draft beer and 813 pizzas.
  • Gallito Taqueria – Street tacos, antojitos and sangria.
  • JoToro – Basic Mexican groceries and tequila.
  • The main ingredient – Specialized grocery store with organic, vegan, keto, gluten-free and artisanal foods.
  • Fit Bowl Co. – Acai whole food bowls, smoothies and soft-serve.
  • Battery – Sit-down restaurant offering refined bourbon and elegant dishes.
  • Herd and Stock – American favorites by the road.
  • Murph’s barbecue – Delicious smoked meats and no-frills side dishes.
A plate of barbecue and sides from Murph.
A plate of barbecue and sides from Murph. Photo credit: Ben Montgomery / Axios
  • Naked farmer – Create your own salads and bowls with fresh local ingredients. Naked Farmer is moving from Sparkman Wharf to a dedicated Thousand & One location in October.
  • Splitsville – Bowling with casual dishes, cocktails and beer.
  • Which one please – Salted salads and side dishes.
A sandwich and fries from Wich, Please.  Photo credit: Ben Montgomery / Axios
A sandwich and fries from Wich, Please. Photo credit: Ben Montgomery / Axios
  • Edison’s Swigamajig – A satellite of the popular Edison dining spot, Swigamajig offers fresh cocktails and thoughtful seafood platters.
  • The corners – Pizza a la Detroit.
  • No matter the pops – Gourmet popsicles, acai bowls and coffee.
  • 7th + Grove South – Southern food and high soul, as well as cocktails.
A burger and fries.
The 7th & Grove part-time lover, with stuffed eggs, bacon, lettuce and tomato. Photo credit: Ben Montgomery / Axios
  • Anchor and brine – Refined seafood menu at the foot of Marriott Water Street.

Coming soon:

  • SPP recently announced that Wagamama, an Asian-inspired global chain, will open its first location in Florida at 1050 Water Street in early 2022.
  • Noble rice – A modern Japanese restaurant based in Tampa. The new spot will be an extension of what you love about Noble Rice, like ingredients from the Toyosu market in Japan and sushi, with a stronger focus on Japanese whiskeys, sake and cocktails.
  • BurgerFi – Burgers, fries and custards prepared by the chef.
Living on Water Street

Apartments: There are four residential buildings planned for Water Street, with a total of 3,500 apartments / condos. All are expected to start renting in 2021.

The exterior of Heron in Tampa.
The exterior of the Heron. Photo credit: Ben Montgomery / Axios
  • Heron has 420 apartments currently rented. One-bedroom rooms start at around $ 2,000 per month, with two beds starting at around $ 3,000. There are also triple bed and penthouse suites.
A bedroom inside the Heron Apartment Tower.
A two bedroom apartment in Heron. Photo courtesy of Strategic Property Partners
A photo of Heron seen from the ground looking up.
Heron. Photo credit: Ben Montgomery / Axios
  • Residences at EDITION Tampa is an exclusive condo building atop a 5 star hotel with only 37 units. From $ 2,000,000, there are still a few left.
Entrance to a beautiful hotel in Tampa
The Tampa EDITION private residential entrance. Photo courtesy of Strategic Property Partners
The Residences at Tampa Edition.
The garden of Residences at Tampa EDITION. Photo courtesy of Strategic Property Partners
  • 1050 Water Street will have 511 apartments, with rental expected to begin later this year.
Rendered from 1050 Water Street.
1050 Water Street. Rendered courtesy of Strategic Property Partners
  • Cora, at 1011 E. Cumberland Avenue, will have 388 new dwellings, from studio to triple. The rental has started and the first residents have moved in.

Hotels: There are three Water Street hotels, including The Tampa EDITION, slated to open later this year.

An external photo of EDITION Tampa
Rendered by / courtesy of Strategic Property Partners
Work at Water Street
A view from Thousand & One overlooking a rooftop greenhouse and garden in Heron, a residential building.
A view from Thousand & One overlooking a rooftop greenhouse and garden in Heron, a residential building. Photo: Becca Meier / Axios

Desks: Thousand & One is the city’s first WELL Core and Shell certified office building and its first trophy office tower in nearly 30 years.

  • The developers hope wellness – like actual physical and mental health – will be a huge draw in a post-COVID work culture. Go further.
Thousand and one landscaping.
A thousand and one landscaping using native Florida plants including mature cypress trees. Photo: Seamus Payne

The building is everything on well-being and sustainability, with water features, landscaped awnings and decks, natural light, water views, and indoor-outdoor spaces – all aimed at promoting health, happiness and increased productivity.

People stand around an office building.
A guide leads a tour of Thousand & One. Photo credit: Ben Montgomery / Axios

In numbers : The 20-story tower has 375,000 square feet of office space with 12,000 square feet of retail space on the ground floor.

  • RSM, a global accounting firm, already leases premises, Suffolk Construction, one of the nation’s leading construction companies, and Sila Realty Trust Inc., a Tampa-based real estate investment trust.
An interior view of the Hall of Thousand and One.
The Thousand & One lobby. Photo courtesy of Seamus Payne

Disk 400 at the edge of the canal: This office tower will have an area of ​​500,000 square feet over 19 floors.

USF Health Morsani College of Medicine and Heart Institute is a 395,000 square foot Water Street anchor.

To note : The lineup of Water Street and Sparkman Wharf is changing. We’ll keep this guide up to date, so check back often.

]]>
https://sushirestaurantalbany.com/user-guide-everything-you-need-to-know-about-water-street-tampa/feed/ 0
10 things to know before opening the trade on Thursday https://sushirestaurantalbany.com/10-things-to-know-before-opening-the-trade-on-thursday/ https://sushirestaurantalbany.com/10-things-to-know-before-opening-the-trade-on-thursday/#respond Thu, 07 Oct 2021 02:02:34 +0000 https://sushirestaurantalbany.com/10-things-to-know-before-opening-the-trade-on-thursday/ Selling pressure from foreign and domestic funds pushed benchmarks lower on Wednesday. The S&P BSE Sensex was down more than 550 points while the Nifty50 fell around 1%. At least 8 stocks rose and 42 fell by Nifty50 as the market closed on Wednesday. SBI Life became the main laggard, down more than 4%, followed […]]]>

Selling pressure from foreign and domestic funds pushed benchmarks lower on Wednesday. The S&P BSE Sensex was down more than 550 points while the Nifty50 fell around 1%.

At least 8 stocks rose and 42 fell by Nifty50 as the market closed on Wednesday. SBI Life became the main laggard, down more than 4%, followed by Hindalco slipped almost 4% and IndusInd Bank, JSW Steel and Coal India each fell more than 3% at the close of the market today ‘ hui.

See Zee Business Live TV Streaming below:

At the sector level, all Nifty indices saw selling pressure with metals, pharmaceuticals, information and technology falling the most during today’s trading session.

“The Nifty opened a spread on Wednesday and attempted to extend beyond the 78.6 percent retracement of last week’s decline to 17,840. However, the index does not. was unable to maintain itself in the higher territory. It faced upward pressure as it approached the upper end of the short-term range of 17,950, said Gaurav Ratnaparkhi, head of technical research, Sharekhan by BNP Paribas in a statement. note.

Ratnaparkhi added, “With that, the bears started a new round of selling leading to a steep decline in the second half of the session. As a result, the Nifty formed a bearish outer bar with a bear candle engulfing on the daily chart.

“Structurally, the index may take the form of a triangular pattern, which would also signify consolidation over the next few sessions. On the downside, the index should test the 17500-17450 support zone. On the other hand, 17700-17750 will act as an immediate resistance zone, ”he said.

Stay tuned to Zeebiz.com to find out what could be impacting your business today. We’ve put together a list of the top 10 hot spots that could impact markets, businesses, or the economy:

Global markets:

The main Wall Street indices closed in the green on Wednesday. The Dow Jones Industrial Average rose 0.92% to end at 34,314.67 points, while the S&P 500 gained 1.05% to 4,345.75. The Nasdaq Composite climbed 1.25% to 14,433.83. The S&P 500 is down more than 3% from its record closing on September 2. However, about half of the index’s constituents have fallen 10% or more from their own 52-week highs.

Investors will look at September’s employment data on Friday for clues to the decline in the US Federal Reserve’s asset purchase program, according to a Reuters report. Adding to concerns that the Fed may tighten monetary policy sooner than expected, recent data showed increased consumer spending, accelerating factory activity and high inflation, he said.

Asian markets:

SGX Nifty opened at 17,754.20 and was trading at 17,774.00, up 19.75 or 0.11% at 7:15 am IST. The Japanese Nikkei 225 gained more than 300 points in the first trades. The Japanese index opened strongly after closing Wednesday at 27,528.87 points, it started Thursday at 27,665.97. Nikeei 225 was trading at 27,842.87 around the same time.

“Concerns remain in Asia over ongoing coronavirus infections, although there is growing hope that economic activity will be closer to normal later this year, rebounding from the deep downturn in 2020. On the front lines risks, China’s credit problems and contagion risks have certainly not diminished. with the concerns of developers still surfacing. As such, caution has not been thrown to the winds, ”said Tan Boon Heng of the Asia and Oceania Treasury Department of Mizuho Bank in Singapore,” said pTI

SGX owl:

Nifty futures were trading at 17,775.00, up 146.50 points or 0.83% on the Singapore Stock Exchange around 7:30 am IST. Trends on SGX Nifty indicate a positive opening for the index in India.

Reduction process unlikely to have an impact on the Indian economy: CEA

Chief Economic Adviser KV Subramanian said on Wednesday that the impact of “taper tantrum” or the withdrawal of monetary stimulus by the US Federal Reserve on India may not be significant given the strong fundamentals of the economy from the country.

Many economists have expressed concern that emerging markets cannot afford a repeat of the “tantrum tapping” market disruption that occurred in 2013.

The fundamentals of the economy are much better now than they were during the global financial crisis, he told the 13th Annual G20 Flagship International Conference hosted by ICRIER.

Oil retreats from multi-year highs after building up US stocks:

Oil prices fell nearly 2% on Wednesday after hitting multi-year highs, taking a break from its searing gains in recent times after US crude inventories unexpectedly surged.

The latest surge in crude prices was underpinned by the refusal of the Organization of the Petroleum Exporting Countries and its allies to increase production and comes against a backdrop of concern over energy shortages in the global scale.

On Monday, OPEC, Russia and other allies, known as OPEC +, chose to maintain a plan to gradually increase production and not increase it further as requested by the United States. and other consuming countries.

The rupee plunges from 54 paise to more than 5 months

The Indian rupee suffered its biggest day-to-day decline in six months on Wednesday, losing 54 paise against the US dollar to end at 74.98 as investors became cautious of massive sell-offs of domestic stocks and the strengthening of the dollar. green against its main rivals.

In the interbank forex market, the local currency opened at 74.63 and saw an intraday high of 74.54 and a low of 74.99 against the US dollar in day trading.

Local unit eventually settled at 74.98 per dollar, down 54 paise from its previous close. It was also the lowest close for the rupee since April 23 of this year.

DPIIT reports 100% FDI in telecoms

The government on Tuesday notified its decision to allow 100 percent of foreign direct investment (FDI) automatically in the telecommunications services sector.

In a press note, the Department for the Promotion of Industry and Domestic Trade (DPIIT) said that foreign investment in telecommunications services will be subject to the condition of Press Note 3 of 2020.

Therefore, cases requiring prior government approval under the provisions of Press Note 3 will continue to be in place. DPIIT notifies its decisions through such press notes.

Glaciers will attract 18% of TPS: CBIC

Ice cream sold through a salon or such outlets will incur an 18% Goods and Services Tax (GST), the CBIC said on Wednesday.

In two rounds of circulars, the Central Council for Indirect Taxes and Customs (CBIC) clarified questions raised by trade and industry on rate changes related to 21 goods and services, the decision of which was taken during the 45th GST Council meeting on September 17th. .

Regarding ice cream parlors, the CBIC said these places sell already made ice cream and do not have the character of a restaurant.

Sebi changes trading standards for MFs on the RFQ platform

Sebi on Wednesday amended the standards for the minimum percentages of monthly transactions to be made by mutual funds on the exchange request for quote platform (RFQ).

Under the revised standards, mutual funds will be required to undertake at least 25 percent of their total secondary market transactions by value in corporate bonds and 10 percent of their total secondary market transactions by value in commercial paper. placing / searching for quotes through a single multi-mode on the RFQ platform.

FII and DII data:

Foreign portfolio investors (REITs) remained net sellers for Rs 802.81 crore in Indian markets while domestic institutional investors (DII) were net sellers at Rs 998.69 crore, according to provisional data from the NSE.

Stocks under F&O ban on NSE

Five stocks – Canara Bank, Indiabulls Housing Finance, NALCO, PNB and SAIL – are subject to the F&O ban. Securities subject to the blackout period for the M&O segment include companies in which the security has exceeded 95% of the market-wide position limit.

(With contributions from PTI, Reuters and other agencies)

(Disclaimer: The views / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests that its readers consult their investment advisers before making a financial decision.)

]]>
https://sushirestaurantalbany.com/10-things-to-know-before-opening-the-trade-on-thursday/feed/ 0
New Zealanders’ Biggest Investment Mistakes https://sushirestaurantalbany.com/new-zealanders-biggest-investment-mistakes/ https://sushirestaurantalbany.com/new-zealanders-biggest-investment-mistakes/#respond Wed, 06 Oct 2021 16:00:00 +0000 https://sushirestaurantalbany.com/new-zealanders-biggest-investment-mistakes/ OPINION: I came across a discussion board asking New Zealanders to list their investing mistakes, and I was pleasantly surprised to see the honesty shown. With so many ways to lose money investing, a comprehensive list could help avert disaster. I have spent too much time at different stages of my life thinking too much […]]]>

OPINION: I came across a discussion board asking New Zealanders to list their investing mistakes, and I was pleasantly surprised to see the honesty shown.

With so many ways to lose money investing, a comprehensive list could help avert disaster.

I have spent too much time at different stages of my life thinking too much about investment options. In saying this, I also rushed into unproven investments and panicked when the share price of a newly listed IPO fell, even though the company had a solid foundation.

Mistakes are all around us – my list below describes what you need to know.

READ MORE:
* It’s time to stop accepting zero returns on savings accounts
* Fresh KiwiSaver – the myths, the truth and your reality
* How not to invest: The seven traps to avoid

Error 1 – Going all-in on a single action

Each generation has its “pumpkin patch”. In the 1980s, Chase Corporation saw its stock price drop from $ 10 to $ 0 after the crash of 1987. Chase is not a name forgotten by many adults now (or nearing) retirement.

More recently, companies that have caused a stir have included CBL Insurance and Pumpkin Patch. And who can forget Snakk Media? A company that continued to report “news” but ended up going bankrupt almost as soon as it entered the NZAX.

With so many ways to lose money investing, a comprehensive list could help avert disaster.

123rf.com/Stuff.co.nz

With so many ways to lose money investing, a comprehensive list could help avert disaster.

The problem with “all in” is that you have 0% diversification. For every Mainfreight and Xero, there are dozens of Snakks and CBLs.

The drop in A2 Milk should be a reminder that even good products can go wrong.

Mistake 2 – Starting a business that thirsts for upfront costs and ongoing overheads

Too many New Zealanders, convinced of an idea, commit too much to the initial costs. Long before Covid-19, cities across the country had stores with “rental” notices.

The facts are grim and most new businesses do not survive. Lack of money is the main reason. New Zealand has many regulatory costs that eat into the margins; this fact of life is a nasty surprise to anyone who leaves a salaried job to start their own business.

I love seeing businesses that start small and build a following, like a food truck to move into a restaurant or an online store to sample selling in a retail store. This is a much more stable way to develop an idea – by testing demand first, tweaking the product, and getting sustained sales.

I did this with MoneyHub – we wrote about 30 guides and waited to see the interest; we quickly learned what was useful (and what was not) to New Zealanders. It allowed us to learn as we went.

Mistake 3 – Dating someone who has conflicting spending habits

Love and money can work in harmony or blend together like seals and oil spills, and the results are messy. As noted in our guide to investing mistakes, the reality is simple: If you are a saver and start a relationship with a spender, it will be a source of conflict. As a result, there will be shortfalls, and your money (and assets) will be accessed and used for things that you probably don’t appreciate or don’t benefit from.

You can have two approaches, do nothing or do something. There are risks associated with doing nothing – if you find yourself unable to afford what your friends and family are doing because there is “no money” you are almost certain to hold a grudge. There will also be disputes over money.

On the flip side, doing something means you’ll have a conversation and be on the same page, although there will be a few grunts and challenges at first.

You don't want to be in your sixties and owe people money, says Chrisopher Walsh.

Provided

You don’t want to be in your sixties and owe people money, says Chrisopher Walsh.

But keep in mind that people change. A quick spender in their 20s can be a savvy business owner by the time they turn 30. Sometimes “learning” the hard way shapes better behavior.

However, if you are sharing the stress of personal debt without reaping any benefits, a friendly conversation is a good place to start before things get worse.

Mistake 4 – Not repaying your debts

Debt is expensive, and if you reach retirement with a mortgage and / or other loans owed, you will be at the mercy of lenders without the choice of alternatives you might be used to.

Heartland Bank’s annual results point to the rise in reverse mortgages, but there are more affordable ways to fund retirement beyond accumulating debt.

Rather than replacing a perfect car, buying a bunch of new white items for a working kitchen, or getting a “gold” credit card with “perks”, think about how happy they will bring you. Paying off debt has never made anyone miserable.

You don’t want to be in your sixties and owe people money. It just restrains you and limits your choices.

My point is simple – throw away the credit cards, go for a long time for a used Japanese car, and don’t seek happiness in unnecessary retail purchases, it will always be fleeting.

Instead, pour that money into your mortgage and personal debt to prepare for years of freedom, not debt service.

Christopher Walsh is the founder of the financial resources site MoneyHub.co.nz

]]>
https://sushirestaurantalbany.com/new-zealanders-biggest-investment-mistakes/feed/ 0
Why I am transmitting the Toast IPO https://sushirestaurantalbany.com/why-i-am-transmitting-the-toast-ipo/ https://sushirestaurantalbany.com/why-i-am-transmitting-the-toast-ipo/#respond Tue, 05 Oct 2021 15:37:00 +0000 https://sushirestaurantalbany.com/why-i-am-transmitting-the-toast-ipo/ gGood businesses don’t always translate into good investment opportunities. Unfortunately, this disconnect often appears when exciting new ventures like the restaurant point of sale platform Toast (NYSE: TOST) Go in public. There are reasons to be excited about Toast as a company, but here’s why I’m passing on the company’s recent IPO – at least […]]]>

gGood businesses don’t always translate into good investment opportunities. Unfortunately, this disconnect often appears when exciting new ventures like the restaurant point of sale platform Toast (NYSE: TOST) Go in public.

There are reasons to be excited about Toast as a company, but here’s why I’m passing on the company’s recent IPO – at least for now.

Toast’s place in the point of sale area

Running a restaurant is no easy task; there are many aspects to ensuring the smooth operation of the operation. Restaurants are often small businesses and their founders may know more about food than business management and logistics.

Image source: Getty Images.

Toast is a cloud-based point-of-sale and software service that helps manage all aspects of running a restaurant business, including order entry, menu management, analysis, ordering online and much more.

The point of sale industry has many competitors, including Square, Speed ​​of light, Toast, Stripe and others. These businesses have all prospered because the addressable market is so large: There are over 31 million small businesses in the United States alone, and that number includes approximately 860,000 restaurants. Toast was designed for the restaurant industry from the ground up. This specialization has enabled it to carve out a market share among the competition since the Toast platform serves more than 40,000 restaurants.

Looking at the numbers

Toast generates income in several ways and divides its revenue into:

  • Subscription Services
  • Financial technology solutions
  • Equipment
  • Professional services

The company generated revenue of $ 703.7 million in the first six months of 2021, up 105% year on year. Such growth is impressive, but it’s important to note that the first half of 2020 included the start of pandemic closures when many restaurants temporarily closed or reduced service, which made for an “easier” comparison. 2021. While investors should monitor how the business continues to grow with the pandemic under control, revenue for the first half of this year was still up 155% from the same period in 2019.

Toast margins are a more pressing issue, in my opinion. The company’s gross profit margin for the first half of 2021 was 22%, which is a bit low for a tech company. The culprit here is Toast’s sale of computer hardware and professional services, which cost more than they generate income.

Investors should look for subscription revenue growth as Toast expands its customer base over time. Subscriptions are the most profitable segment of Toast’s business with a gross margin of 66%, but they have only contributed 10% of revenue for the year to date. Otherwise, the business is not profitable if you factor in the expenses of sales and marketing, research and development, and administration.

The hype machine at full power

As companies prepare to enter public markets, investment banks that underwrite the Initial Public Offering (IPO) are evaluating the stock. A company’s financial data, peer comparisons, overall history, and demand for stocks can all impact the price at which a company goes public. As a result, “hype” can be a factor.

Toast received a lot of attention ahead of its IPO, and the initial offering price rose accordingly. The deal ended up exceeding its initial range of $ 30 to $ 33 per share, priced at $ 40. When Toast started trading on September 22, its price climbed further with an opening trade of $ 65.26 per share, although it has since moved into the mid-range of $ 50.

Why am I sending Toast

Toast has generated $ 1.18 billion in revenue over the past four quarters. Its market cap of $ 28.4 billion at the time of this writing values ​​the stock at a price-to-sell (P / S) ratio of 24. Although it markets itself as a SaaS (software as a) company. service), the low margin somewhat tarnishes this narrative and could make it difficult to justify the high share price.

Lightspeed, a similar company that focuses on the wider hospitality industry, trades at a P / S ratio of 35, but its gross profit margin is much higher at 54%. Meanwhile, analysts expect industry leader Square to experience similar growth to Toast this year (101% revenue growth for 2021), but Square has a similar gross margin (23%) but is trading at a P / S ratio of less than eight.

These comparisons aren’t perfect – small businesses can often get a higher valuation because they have more room to grow over time. But given the valuation of similar stocks, it looks like the investor hype drove a lot of Toast’s near-term upside, which is why I’m passing the action on for now.

10 Actions We Prefer About Toast, Inc.
When our award-winning team of analysts have stock advice, it can pay off to listen. After all, the newsletter they’ve been running for over a decade, Motley Fool Equity Advisor, has tripled the market. *

They just revealed what they think are the top ten stocks investors can buy right now … and Toast, Inc. was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* The portfolio advisor returns on September 17, 2021

Justin Pope has no position in the stocks mentioned. The Motley Fool owns stock and recommends Lightspeed POS Inc. and Square. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

]]>
https://sushirestaurantalbany.com/why-i-am-transmitting-the-toast-ipo/feed/ 0