Millionday News 2/22/15 Part 1
Welcome to dinarupdates.com for news time with Millionday!
Millionday: THE BUDGET WAS PRINTED IN THE GAZETTE TODAY -- THE NEXT THING WE SHOULD SEE IS THE DISTRIBUTION OF FUNDS TO MINISTERS AND ALL THAT ARE PART OF THE BUDGETED FUNDS
Millionday: I SEE NO REASON TO PRINT HERE WHAT THEIR AMOUNTS ARE FOR EVERYTHING -- HOWEVER WE ARE GOING TO LOOK AT THE NEWS WE HAVE FOR THIS COMING DAYS
Millionday: THERE IS NOT A LOT OF NEWS BUT SOME IMPORTANT NEWS SO HERE WE GO
Millionday: Commission said the parliamentary economy and investment, Sunday, that the committee has received many proposals for amendments to the investment of local and foreign investors Act, noting that the completion of the amendment to the law requires time because of the large number of observations.
Millionday: NOTE -- THEY ARE TAKING IN REQUESTS AND SUMMARIES OF WHAT IS NEEDED IN PLACE FOR ALL INVESTMENTS PER THE LAW
Millionday: Said committee member olive Hussein's "Twilight News" that "the Commission is seeking through the new amendment to the investment law to make it legally attractive for investment
and not repellent," noting that "a number of proposals received by the Committee of foreign-related local investors some problems they faced in the implementation of their projects investment because of the paragraphs in the investment law in force. "
Millionday: NOTE -- OF COURSE THEIR MOST IMPORTANT GOAL IS AN ATTRACTIVE INVESTMENT ATMOSPHERE SO THE INTERNATIONAL COMMUNITY SEES OPPORTUNITY IN THE MOVE OF THEIR BUSINESSES INTO IRAQ
Millionday: Olive and added that "the Commission is currently working on the discussion of all the proposals that have reached a view to formulating a final within the paragraphs of the law", anticipating that "the new amendments take extra time because of the large number of observations."
Millionday: And passed the House of Representatives in 2006, Law No. 13 of private investment to encourage foreign companies to enter the country and to contribute with the government's efforts for the reconstruction of infrastructure destroyed by wars and terrorist attacks.
Millionday: NOTE -- THEY HAVE SO MUCH WORK TO DO TO RETURN THE STREETS AND UTILITIES AND JUST THE LIVING CONDITIONS BACK TO WHERE THEY SHOULD BE – ‘
THEY ARE WORKING ON AMENDMENTS FOR THE CURRENT LAW WHICH IS COMMON WITH SO MUCH EXPECTED FROM THE CONTRACTORS THAT ARE WANTING TO TAKE PART IN THE REVENUES THAT WILL COME FROM THE REBUILD OF IRAQ
Millionday: The House of Representatives held in 2009 an amendment to the law allowed for the foreign investor the right to own land and property belonging to the State allowance determined in accordance with special regulations, has also the right to own land and property belonging to the mixed and private sectors for the purpose of establishing housing projects on them.
Millionday: SO AS THE ONES THAT HAVE BEEN HERE FOR A LONGTIME KNOW –
THEY AT ONE TIME WOULD NOT ALLOW INVESTORS TO OWN THE LAND THEY WERE BUILDING ON AND THAT AMENDMENT WAS COMPLTED AND NOW THEY ARE WORKING ON SOME OTHERS THAT WILL BE JUST AMENDMENTS TO THE LAWS IN PLACE
Papatom: remember we saw that companies in the forefront will even get free land!!!! wow... what else could they entice the investors with????
Millionday: THE FREE PORTS HAVE ALSO MADE AN IMPACT I WOULD THINK AND SOME OTHER PROMOTIONS THEY HAVE MADE FOR THE NEW IRAQ -- VERY ENCOURAGING -- NICE
maine: did they publish the whole budget or part of it?
Millionday: THEY ANNOUNCED THAT THEY PUBLISHED THE WHOLE BUDGET -- IF THIS IS NOT SO I DONT HAVE ANYTHING THAT SAYS SO AT THIS TIME --- FROM A SOURCE THAT I TRUST IN THE MEDIA OR ELSEWHERE
clay: did only 1/2 the budget get to the gazette thats what I read today and y just 1/2
Millionday: I WILL RESEARCH THAT TO SEE IF I FIND A REPORT CONCERNING THIS ---
Millionday: I ACTUALLY MAY HAVE A REPORT ON THAT COMING IN NEWS TONIGHT SO WE WILL WAIT TO SEE IN THE REST OF THE NEWS
tootsie: pass, ty, answered my self budget is 2 'chapters' 1 for income and 1 for expenses, as I understand. I think both chapters were published, they did not put PDF out that I noted
Millionday: THANK YOU TOOTSIE -- I THINK I AGREE -- THE REVENUES ETC HAVE BEEN DIVIDED BY WHAT I SEE BUT WILL LOOK SOMEMORE INTO IT
faith1: Millionday sounds like parts of the budget will move monies ,, and the investment part has to be re - evaluated ? very confusing... at what point in using the budget do they need a reality rate applied ?
Millionday: THEY NEED A REALITY RATE THAT THEY HAVE CALCULATED BY THE GLOBAL PRICE INDEX IN A FREE MARKET ECONOMY
kathi: Even if they only published the first part, is there funding they need to pay and a change in rate for first part of this budget? I think that is what everyone wants to know concerning the funding and change of rate.
Millionday: IF THEY CHANGE THE RATE BY THE CALULATION THAT IS DONE BY MOVING TO A MARKET ECONOMY --
IT WILL BE APPLIED BY THE DATA ENTRY -- OPENING UP TO THE GLOBE THAT WE HAVE HEARD AND READ SO MUCH ABOUT REQUIRES COMPLIANCE FOR FAIR TRADE
Millionday: IT HAS TO BE CALCULATED FOR THE SALE OF PRODUCTS AND ALSO THE DINAR -- THE PRICE HAS TO BE CALCULATED
Papatom: MD, once it's published.... that budget is the Law.... correct?? constitutionally???
Millionday: YES I BELIEVE THEY ACT IN 24 HOURS WHICH THE PLANS ARE MOVEMENT OF FUNDS THE BEGINNING OF THIS WEEK
bob: Is there any ink on a constitutional timeframe requirement to open (fund) the budget once it is published in Gazette?
Millionday: I KNOW THAT 24 HOURS PAST SIGNING WHICH THEY DID NOT FOLLOW SO I BELIEVE CORRECT IS WHAT THEY ARE SHOOTING FOR --
THEY MADE IT VERY CLEAR THAT THEY ARE WORKING WITH A TIMELINE IN THE MEETING OF THE THREE PRESIDENTS SO THIS WILL HAVE TO BE APPLIED ACCURATELY MORE THAN BY WHAT IS WRITTEN IMO
Millionday: THIS IS IRAQ
RVMAN: I thought they had 24-48 hours after they publish in the gazette to start the funding and rate. Is this true or am I wrong??
Millionday: THAT IS WHAT IS WRITTEN BUT I DONT THINK IT IS THE MOST IMPORTANT THING AS I WAS SAYING -- THEY NEED TO HAVE EVERYTHING PREPARED FOR SUCCESS
Millionday: LET ME JUST SAY -- THIS PLAN FOR IRAQ IS HUGE -- IF THEY ARE NOT PREPARED IN ONE AREA OR THE OTHER -- SUCCESS TRUMPS ALL
Millionday: THEY ARE AMENDING INVESTMENT LAWS ALREADY IN PLACE BY WHAT IS ASKED FOR BY MANY -- THEY ARE TAKING SUGGESTIONS AND APPLYING THEM
Risk: Please explain the auctions and what it means to the cbi and us that they have ceased? What other means does the cbi have
Millionday: THEY USED AUCTIONS TO MAINTAIN THEIR INFLATION TO AN ACCEPTABLE % AS A TOOL -- NOW THEY ARE GOING TO USE OTHER TOOLS THEY HAVE IN PLACE THEY REFERRED TO IT AS THE NEW MECHANISMS
Millionday: BONDS ARE PART OF THAT AND INVESTMENTS ETC
quicktolegit96: SHABS HAD 4 PTS.....TARIFFS, CEASING AUCTIONS, WHAT WERE THE OTHER 2? AND WHAT IS LEFT AS PART OF SHABS 4 PT. PLAN?
quicktolegit96: IMPORTS/EXPORTS AND ONE MORE....THIS WAS ALL TO HELP DEDOLLARIZE AND PART OF MR..
Millionday: THEY REMOVED THE PLAN AND I HAVE IT SAVED ON THE OTHER PUTER --- ECONOMICALLY THERE ARE MANY TOOLS -- ONE IS INTEREST RATES SO THE OTHER WOULD BE -- INTERNATIONAL BANKING TOOLS --
Millionday: THE LAWS PUT IN PLACE AND THE PORTS THERE ARE SO MANY ECONOMIC TOOLS -- BONDS AND ALSO THEY COULD USE GRANTS ETC TO PUT MONEY INTO THE MARKET -- THE LIST IS LONG
MArco: whAT ARE THE FOREIGN REMITTANCE COVERING AND THE DIFFERENCE
MArco: BETWEEN THAT AND THE AUCTIONS
Millionday: THE AUCTION DIFFERENCE IS WHAT THEY PLAN TO DO WITH THE US DOLLAR THAT IS GIVEN FOR OIL --- THEY ARE GOING TO SELL IT ON THE MARKET ACCORDING TO THE REPORT -- CURRENCY MARKET
usmarine: my question - seems to me the 1166 rate opens the door to a lot of risk. Confidence, locals not being able to buy / sell, the "boatload of Toyotas" issue... it all seems pretty real and boots on the ground kind of issues.
usmarine: is this just me having too much kool aid
usmarine: or real things that will create ( positive) pressure?
Millionday: THE IMPOSED RATE WOULD SEEM TO WIPE THEM OUT IMO AS WELL --
IT IS SO MUCH DIFFERENT FROM WHAT THEY WERE VALUED AT BEFORE THIS THAT IT MAKES NO SENSE AND IN THE REGION AS WELL -- SO WE SHOULD SEE ACCURACY ---
WHEN THEY ENTER THE MARKET ECONOMY AS THIS BUDGET HAS MANY CONTRACTS (INTERNATIONAL) SO THIS IS A HUGE STEP FORWARD
AND ACCORDING TO WHAT WE HAVE SEEN THE WHOLE GOAL IS A MARKET ECONOMY WHICH WOULD PUT IN PLACE INTERNATIONAL COMPLIANCE IMO AS WELL
Millionday: 1166 MAKES NO SENSE-- AS IT WAS SET AS PART OF THEIR SANCTIONS AND PUNISHMENT FOR Lack OF BETTER WORD SO HOW WOULD IT REMAIN WITH THE VALUES IN THE REGION
AND THE PAST WOULD LEAD US TO BELIEVE IT MAKES NO SENSE AT ALL --- WHICH IS WHAT BROUGHT US HERE -- SMILE
Millionday: THE PRINTING OF IT HAS BEEN ANNOUNCED TO ALL CITIZENS AND THE PRESSURE FROM THOSE SAME CITIZENS WILL BE GREAT –
THEY NEED JOBS AND ALSO TO SEE IRAQ MOVING FORWARD -- THIS GOV SEEMS TO SEE AND KNOW THAT AND ALSO SEEM TO BE WANTING THE BEST FOR IRAQ ACCORDING TO WHAT WE HAVE BEEN SEEING -- ABADI IS A GREAT PM IMO
Millionday: Abdul Hamid The leader of the Union of Iraqi strongman Mohamed Halbusi that the political body of the National Union of Forces and coalition meets with Prime Minister Haider al-Abadi, said Monday, adding that the return Congress and the National Union of Forces coalition of meetings of the House of Representatives subject to the outcome of the meeting.
He Halbusi that «the leaders of the forces union and national coalition agreed to hold a meeting with Prime Minister Haider al-Abadi, Monday», adding that «Abadi promised leaders during the three presidencies meeting expedite action to address the security situation,
and asked us to end the boycott House», adding «We will ask Abadi during the meeting, which was supposed to take place today, to find solutions to the security situation, including the abductions and control of these cases». He concluded by saying that Halbusi «Back deputies blocs of the House of Representatives subject to the outcome of the meeting».
Millionday: SO AS WE SEE THEY ARE HAVING A MEETING WITH ABADI AND THE RESULTS ARE GOING TO BE SHOWN TOMORROW
Millionday: LET ME SAY SOMETHING
Millionday: THIS IS THE THING -- CBI HAS STATED THAT THEY ARE GOING TO STOP THE AUCTIONS FOR FOREIGN REMITTANCE AND THAT WOULD REQUIRE INTERNATIONAL ACCPETANCE
AND ALSO IS PART OF THE MONETARY POLICY PER THE REPORT –
THE BUDGET HAS BEEN PRINTED BUT THE REVENUES AND THEY HAVE DIVIDED THE BUDGET INTO TWO CHAPTERS --
WE DONT KNOW IF THIS IS BECAUSE OF THE DISTRIBUTION OR FOR ANOTHER REASON UNLESS WE GUESS AND WE ARE NOT GOING TO DO THAT ---
Millionday: THERE ARE GOING TO BE MANY MANY REPORTS COMING OUT OF IRAQ TO PAINT THE PICTURE --
WE ARE GOING TO FOLLOW EACH STEP AS IT IS UNFOLDED TO US --- THAT IS THE SMART THING TO DO AND THAT IS WHAT WE WILL DO AT NEWSTIME AND RT
Millionday: I WILL NOT GUESS BUT WILL REPORT AND RESEARCH WITH ALL OF TIME TO TRY TO MAKE SURE WE ARE AS ACCURATE AND INFORMED AS POSSIBLE BUT THEY ARE NOT AND I REPEAT –
ARE NOT GOING TO RELEASE EVERYTHING BEFORE IT IS DONE
Millionday: SO LETS FOLLOW WHAT WE KNOW AND CAN SEE SO WE DONT LOSE ANYMORE HAIR THAN WE ALREADY HAVE
Millionday: NOW WE HAVE -- THE BUDGET IS DIVIDED INTO TWO CHAPTERS -- AND DISTRIBUTION IS EXPECTED THE BEGINNING OF THIS WEEK –
WE HAVE TOMORROW A MEETING WITH PARLIAMENT AND ABADI -- THAT WE CAN GUESS IS PLANS AND MOVEMENT DUE TO THE BUDGET ETC
Millionday: WE HAVE AMENDMENTS BEING DONE TO THE INVESTMENT LAWS PER REQUESTS BEING GIVEN TO THE GOV
Millionday: HERE WE GO -- THIS IS WHAT KURDISTAN HAS TO SAY
Millionday: Kurdistan Regional Government of Iraq Sunday confirmed its commitment to the recent oil Convention between Arbil and Baghdad and the desire to solve the problems between the two parties.
altThe government said the Prime Minister Barzani ready to visit Baghdad again in order to overcome all the obstacles to the implementation of the Convention.
Millionday: NOTE -- SO WE KNOW FROM PREVIOUS REPORTS THAT THE THREE PRESIDENTS WILL BE HAVING ANOTHER MEETING WHILE THE OBSTACLES ARE REMOVED THAT ARE IN THE WAY OF INVESTMENT –
THIS SHOWS A MEETING COMING UP AND BARZANI STATING HE IS COMING AND ALSO WE HAVE ALREADY SEEN TONIGHT THE MOVEMENT ON THE INVESTMENT LAW
Millionday: The provincial government held a meeting today with the heads of parliamentary blocs Kurdish Kurds and ministers in the federal government in order to discuss the financial and oil problems between the two parties.
In a joint statement between the government and representatives of the Kurds in Baghdad, reportedly for "Twilight News" Government of the Territory showed the oil agreement with Baghdad items. And confirmed its commitment to the implementation of the Convention.
Millionday: NOTE - THE KURDS HAVE ANNOUNCED THAT THEY ARE COMMITTED TO THE AGREEMENT MADE WITH IRAQI FEDERAL AT THE CONFERENCE THEY HAVE JUST FINISHED -- SMILE
Millionday: The government said there are some technical problems and misunderstandings in front of the agreement with the federal government and they are working to address, with some Iraqi political parties does not want to improve the relationship between the Kurdistan Region and the federal government.
The meeting praised the role of representatives of the Kurds in Baghdad for the parties' commitment to the Convention and the development of relations between Erbil and Baghdad.
Millionday: NOTE -- THEY ARE HAPPY WITH THE WORK BEING DONE AND THE COMMITMENT TO ADDRESSING COMPLIANCE AND AGREEMENT WITH EACH OTHER - THIS IS VERY POSITIVE
Millionday: Nechirvan Barzani, president of the Government of the region and said he was ready to visit Baghdad again in order to reach a common solution and out of these technical problems and overcome misunderstandings.
Barzani and authorized representatives of the Kurds to the Federal Government to hold frank talks with Iraqi Prime Minister.
According to the statement that the provincial government and representatives of the Kurds in Baghdad, spoke about the importance of implementing the law and abide by the budget for 2015.
Millionday: NOTE -- THE KURDS ARE READY FOR THE BUDGET TO BE IMPLEMENTED AS IT IS AND ARE READY TO FINISH ANYTHING THEY NEED TO NEGOTIATE
Millionday: The provincial government announced it was seeking from the federal government to deal with the region's share by the budget law for the current year 2015.
Also discussed in the meeting to discuss more than a plan for Peshmerga salaries and staff insurance and decided to prioritize by the government to the issue of ensuring salaries.
They decided to hold regular meetings every two months, once among the deputies and ministers in Baghdad and the Kurdish regional government and coordinate more between the two parties.
In the past week, Barzani held talks in Baghdad with al-Abadi on the oil agreement and the region's share of the state budget for 2015 this month.
Millionday: NOTE -- THEY HAVE AGREED TO WORK OUT A PAYMENT PLAN SCHEDULE AND ALSO TO MEET EVERY TWO MONTHS
Millionday: Barzani said after the meeting that Baghdad does not have the funds to meet its financial obligations to Kurdistan. Although the provincial government has stopped crude oil exports.
The two sides reached a tentative agreement in December agreed whereby the government of Kurdistan on the export of 550 thousand barrels per day of oil from the Kirkuk fields and through the Iraqi oil marketing company.
Baghdad agreed in return to resume the payment of budget payments for the cord which had been lowered in early 2014 in response to the region seeking to export crude independently.
Millionday: SO THEY ARE ALL HAPPY AND HAVE SET UP ANOTHER MEETING PER OUR REPORT THAT WILL BE TO FINISH ALL OF THE ITEMS THAT THEY WANT TO ADDRESS AGAIN SO ALL ARE PLEASED ---
Millionday: THIS IS GREAT GREAT -- LOVE IT
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