Latest news with #046
Daily Tribune
03-07-2025
- Business
- Daily Tribune
Higher payouts
Public sector retirees paid 59% more than private counterparts Nearly a quarter of all monthly pensions paid in Bahrain now go to the families of deceased retirees, according to new figures, while those who spent their working lives in the public sector receive markedly higher payouts than their private-sector counterparts. The Social Insurance Organisation's report, published for the first quarter of 2025, puts the total number of pension recipients at 109,885. Of these, 84,862 are living pensioners, making up 77 per cent. The remaining 25,023 are surviving dependants, including widows, children, parents, siblings and grandchildren. The average pension for a living retiree stands at BD825, but behind that number lies a clear gap. Average Former government employees draw an average of BD1,046 a month, compared to 657 for those who retired from private firms. Although payouts are lower in the private sector, it accounts for the majority of retirees. A total of 48,254 former employees from private companies receive monthly pensions, making up 57 per cent of the total. The public sector accounts for 36,608. Among the dependants receiving monthly support, children form the largest group. There are 11,746 child beneficiaries receiving an average of BD337. Widows follow with 10,345 receiving 471. Dependants The remaining dependants include parents, siblings and grandchildren. Their number stands at 2,932, with average monthly support of BD192. Retirees are most commonly in their sixties. Thirty per cent fall into the 60 to 69 age range. Those in their fifties make up 29 per cent, followed by 24 per cent in their forties. These figures suggest a steady intake of new pensioners, many of them close to or just reaching retirement age. Majority Men make up the majority of pensioners in the private sector. They account for 67 per cent, while women account for 33 per cent. In the public sector, the split is less stark. Men form 58 per cent of that group, women 42 per cent. Differences These proportions point to differences in employment patterns, career length and earnings before retirement. P ension amounts vary widely. Around 26 per cent of recipients receive over BD1,000 a month. Another 26 per cent fall within the 400 to 599 range. A further 24 per cent receive between 200 and 399.
Globe and Mail
29-04-2025
- Business
- Globe and Mail
Alphabet Stock Is Incredibly Undervalued Today
Alphabet 's (NASDAQ: GOOG)(NASDAQ: GOOGL) earnings showed a company that continues to grow revenue at a double-digit clip while margins expand. But shares trade for just 18x earnings, and Travis Hoium explains why that makes the stock a great buy in the video below. *Stock prices used were end-of-day prices of April 26, 2025. The video was published on April 28, 2025. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Should you invest $1,000 in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor 's total average return is872% — a market-crushing outperformance compared to160%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Express Tribune
08-02-2025
- Business
- Express Tribune
Trade war pushes gold over Rs300,000/tola
Listen to article KARACHI: Gold prices continued their upward trajectory on Friday, surpassing the historic milestone of Rs300,000 per tola in Pakistan, driven by rising international market rates. In the local market, the price increased by Rs1,346/tola, reaching Rs300,046 for the first time in history. Similarly, the price of 10-gram gold rose by Rs1,154, settling at Rs257,241, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The surge in gold prices has been attributed to heightened safe-haven demand amid ongoing trade war concerns, especially ahead of the key US payrolls report. Commenting on the trend, Adnan Agar, Director at Interactive Commodities, stated, "Gold has reached an all-time high today and is expected to remain strong in the future." This follows Tuesday's increase of Rs1,900, which took gold to Rs294,300, after Monday's Rs200 rise had already set a record of Rs292,400. Globally, gold prices rose on Friday and were on track for a sixth consecutive week of gains as escalating trade tensions between the US and China prompted investors to seek refuge in the safe-haven asset. Spot gold gained 0.5% to $2,871.59 per ounce as of 1606 GMT, up more than 2% this week after hitting a record high of $2,886.62 earlier in the session. US gold futures rose 0.7% to $2,897.50. US President Donald Trump kick-started a trade war this week as he imposed new duties on China, though he granted Mexico and Canada a one-month reprieve. Gold is often used as a safe investment during times of political and financial uncertainty. The gold market also seems to have been buoyed by continued growth in the People's Bank of China's gold holdings and a new Chinese programme allowing insurance funds to invest in gold, said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals. A labour department report showed the US economy added 143,000 jobs in January, compared with the 170,000 expected by economists. The unemployment rate stood at 4%, compared with expectations of 4.1%. Wage growth and declining job creation are challenging the Federal Reserve's ability to adjust rates, creating a complex yet potentially advantageous situation, said Bart Melek, Head of Commodity Strategies at TD Securities. A strong economy with full employment and easing inflation should allow the Fed to cut rates, but tariff uncertainties call for caution, Chicago Fed President Austan Goolsbee said. Meanwhile, the Pakistani rupee saw a slight appreciation against the US dollar in the inter-bank market on Friday, gaining 0.04%. By market close, the currency stood at 279.05 per dollar, marking an increase of 10 paisa, according to data from the State Bank of Pakistan (SBP). The rupee had previously closed at 279.15 on Thursday.
