Latest news with #ISA
Yahoo
11 hours ago
- Business
- Yahoo
Moody's Affirms Ecopetrol's Global and Standalone Credit Ratings
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") announces that the credit rating agency Moody's has affirmed the Company's global credit rating at Ba1 with a stable outlook. The agency also confirmed Ecopetrol's standalone rating at b1. Moody's stated that the Ba1 global rating reflects Ecopetrol's position as Colombia's leading oil and gas producer, as well as its significant power transmission business in Colombia and other Latin American countries. The aforementioned factors support a global rating that is three notches above the Company's standalone rating, including the backing of the Colombian government through the gradual phase-out of fuel subsidies, as well as the reduction in accounts receivable related to the Fuel Price Stabilization Fund (FEPC), both of which have contributed to strengthening the Company's liquidity. Regarding the standalone rating, Moody's highlighted the strength and stability of the Company's cash flow, further supported by its power transmission subsidiary (ISA) and midstream affiliates, which together contributed 18% to EBITDA in 2024. The report issued by the rating agency on June 27, 2025, announcing the rating affirmation, can be accessed in the link below: Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Head of Capital MarketsCarolina Tovar AragónEmail: investors@ Head of Corporate Communications (Colombia) Marcela Ulloa Email: View original content: SOURCE Ecopetrol S.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
16 hours ago
- Business
- Malaysian Reserve
Ecopetrol Extends Temporary 50% Fee Reduction Agreement for ADR Conversion in the United States
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ — Ecopetrol announces that, following discussions with its ADR (American Depositary Receipts) program depositary bank, JPMorgan Chase Bank N.A., it has successfully extended the agreement to reduce by 50% the conversion fees for the issuance and cancellation of ADRs in the United States. This measure, originally announced on January 15, 2025, was initially set to remain in effect until July 10, 2025. With the extension, it will now remain valid through December 31, 2025. Given the positive reception of this initiative in the market, Ecopetrol has worked to ensure its continuation in order to support the interests of its investors. For more information, please refer to the following link —————————————– Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla – Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This press release contains business prospect statements, operating and financial result estimates, and statements related to Ecopetrol's growth prospects. These are all projections and, as such, they are based solely on the expectations of the managers regarding the future of the company and their continued access to capital to finance the company's business plan. The realization of said estimates in the future depends on the behavior of market conditions, regulations, competition, and the performance of the Colombian economy and the industry, among other factors, and are consequently subject to change without prior notice. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Head of Corporate Communications Angela Maria De la Pava Londoño Email: investors@ Head of Press Juan Pablo Pacavita Email:
Morocco World
17 hours ago
- Politics
- Morocco World
Controversy Mares Rabat Sociology Forum as Moroccan Academics Reject Israeli Participation
Marrakech – A fierce controversy has engulfed the upcoming World Sociology Forum in Morocco as academic organizations and activists across the country demand the immediate exclusion of Israeli researchers from the event. The prestigious fifth World Sociology Forum, set for July 6-11, at Mohammed V University in Rabat, now faces a mounting crisis after multiple Moroccan academic bodies called for a complete boycott of Israeli participants in direct protest against the ongoing genocide in Gaza perpetrated by Netanyahu's government, which faces international arrest warrants. The Moroccan Campaign for Academic and Cultural Boycott (MACBI), operating within the BDS Morocco movement, has formally demanded that the International Sociological Association (ISA) cancel all participation by Israeli academics at the forum. In a strongly worded statement released Wednesday, the BDS Morocco coordination condemned 'the participation of Israeli academics from complicit institutions' of the occupation, without 'respect for fundamental ethical conditions.' The movement pointed out that while Gaza continues to suffer under genocide since October 7, 2023, the ISA still plans to include three speakers from Israel. One presenter reportedly characterizes Hamas as a 'terrorist organization' and references the 'displacement' of Israelis following Hezbollah attacks. MACBI forcefully reminded that 'in 2024, the International Court of Justice (ICJ) ruled that the Israeli occupation of Gaza and the West Bank was illegal and constituted apartheid.' When confronted by MACBI regarding presenters whose communications allegedly promote the occupation's narrative, the ISA defended its stance, claiming it would 'not cancel these participations' because of its 'commitment to academic freedom' and desire to 'offer a platform for dialogue as open as courageous.' The dispute has mobilized Moroccan academics nationwide. The Progressive Current of Professors and Researchers within the National Union of Higher Education (SNE-Sup) declared 'deep concern about the repercussions of the announcement' by the ISA. The union's secretariat stated that 'the universities of the Zionist entity are partners and strategic actors in the occupation and institutionalization of apartheid, providing academic cover for ethnic cleansing policies, developing repression and espionage tools in cooperation with the occupation army.' They added that these institutions 'host military bases and security research centers, institutionalize racial discrimination against Palestinian students, and justify crimes against humanity, including famine, massacres, and genocide perpetrated in Gaza.' For the union, holding this forum in Morocco with academics from institutions 'involved in these crimes' represents 'an attack on the image of the Moroccan university, its moral and academic credibility.' Respecting national values and regional solidarity principles The Moroccan Sociological Association has issued an unequivocal rejection of Israeli participation in the forum. The association firmly stated that hosting the event in Rabat must come with 'the necessity of respecting Moroccan values and related positions, especially concerning vital issues for Morocco.' The association asserted that 'the barbaric practices committed against Palestinian civilians, which Israeli authorities intend as material and moral extermination of the Palestinian existence, drive us […] to not welcome those belonging to the usurping entity even within scientific and academic activities, out of respect for national commitments and the feelings of Moroccans, and to preserve the ties that unite us with components of the region to which we belong.' The association strongly condemned 'the Israeli attack on all the foundations of the Palestinian people' and denounced 'all forms of extermination practiced against their right to exist within an independent homeland where they can exercise their sovereignty and live with dignity.' It demanded that the international community 'take the necessary measures to stop these crimes committed against the Palestinian people, and guarantee their legitimate rights in service of global and regional peace.' The association further insisted that adherence to the academic ethics underlying the ISA's laws is 'necessary and obligatory with regard to respecting international charters and relevant resolutions, especially those related to the Palestinian cause during the selection and programming of participations.' 'An ideological and dangerous drift' However, Moroccan sociologist Jamal Fezza has criticized what he called an 'ideological and dangerous' drift. In a social media post, Fezza argued that 'sociology is a universal knowledge shaped by both Jewish and Christian thinkers, and no identity dogma can dictate its boundaries.' He added that 'the most important tools that a sociologist should be armed with is the axiological neutrality that Max Weber called for, without which sociology mixes with opinion and belief.' Expanding on his position, Fezza stated that the call to boycott the forum due to Israeli participants 'reflects a profound ignorance of the tasks entrusted to sociology, and an attempt to involve science and scientists in ideological and political polemics far removed from the nature of this science and the goals it aspires to.' 'For the person who calls for boycotting the World Forum with that argument to be fully consistent with himself, he needs only boycott sociology itself, because it is simply a science produced by Jews and some Christians. From Durkheim and Simmel through Levi-Strauss and Ezra Park, you will not find the name Ahmed or Ismail leaving their mark in the history of this great science,' Fezza concluded. Equating 'the criminal and the victim' Even so, a petition has gained momentum among Moroccan researchers rejecting the participation of Israeli academics in the forum. Researchers are withdrawing en masse from the event, with both Moroccan and international academics pulling out in a powerful show of solidarity with Palestine. Within hours of the petition's circulation, numerous participants canceled their presentations, creating a ripple effect that threatens the forum's viability. The researchers stated: 'We, researchers in social sciences, Moroccans and from the rest of the world, express our boycott of the Fifth Sociology Forum of the International Sociological Association, due to the participation of Zionist institutions involved, in one way or another, in the ongoing genocide war on Gaza, and the programming of interventions that appear from their summaries to promote the colonial narrative.' The petition signatories accused the ISA of 'violating' ethical and research standards by equating 'the criminal and the victim' on the same platform through programming topics that 'beautify the ongoing genocide war on the Palestinian people.' According to official information, more than 30 Israeli academics and researchers are scheduled to attend, representing Israeli universities that the boycott movement classifies as institutions involved in the occupation and apartheid system, including the Hebrew University of Jerusalem, Ben-Gurion University, Bar-Ilan University, Tel Aviv University, and the Open University of Israel. Academic cooperation between Morocco and Israel began in February 2021, when the education ministers of both countries agreed to launch a program for exchanging student delegations and conducting educational competitions in Arabic and Hebrew in both countries. Despite strong opposition from Moroccan anti-normalization groups, the Moroccan Minister of Higher Education, Abdellatif Miraoui, and his Israeli counterpart, Orit Farkash-Hacohen, signed the first cooperation agreement between universities and research centers in May 2022. Morocco announced the renewal of diplomatic relations with Israel on December 10, 2020, after they were suspended in 2000 following the outbreak of the Second Palestinian Intifada.
Yahoo
a day ago
- Business
- Yahoo
ISA Holdings' (JSE:ISA) Shareholders Will Receive A Bigger Dividend Than Last Year
ISA Holdings Limited (JSE:ISA) will increase its dividend from last year's comparable payment on the 21st of July to ZAR0.167. This will take the dividend yield to an attractive 8.2%, providing a nice boost to shareholder returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. A big dividend yield for a few years doesn't mean much if it can't be sustained. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. It will be difficult to sustain this level of payout so we wouldn't be confident about this continuing. Over the next year, EPS could expand by 2.1% if the company continues along the path it has been on recently. If the dividend continues on its recent course, the payout ratio in 12 months could be 104%, which is a bit high and could start applying pressure to the balance sheet. See our latest analysis for ISA Holdings Although the company has a long dividend history, it has been cut at least once in the last 10 years. The dividend has gone from an annual total of ZAR0.045 in 2015 to the most recent total annual payment of ZAR0.167. This works out to be a compound annual growth rate (CAGR) of approximately 14% a year over that time. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Earnings per share has been crawling upwards at 2.1% per year. The earnings growth is anaemic, and the company is paying out 100% of its profit. This gives limited room for the company to raise the dividend in the future. Overall, this is probably not a great income stock, even though the dividend is being raised at the moment. The track record isn't great, and the payments are a bit high to be considered sustainable. Overall, we don't think this company has the makings of a good income stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For example, we've identified 3 warning signs for ISA Holdings (1 doesn't sit too well with us!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
ISA Holdings' (JSE:ISA) Shareholders Will Receive A Bigger Dividend Than Last Year
ISA Holdings Limited (JSE:ISA) will increase its dividend from last year's comparable payment on the 21st of July to ZAR0.167. This will take the dividend yield to an attractive 8.2%, providing a nice boost to shareholder returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. A big dividend yield for a few years doesn't mean much if it can't be sustained. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. It will be difficult to sustain this level of payout so we wouldn't be confident about this continuing. Over the next year, EPS could expand by 2.1% if the company continues along the path it has been on recently. If the dividend continues on its recent course, the payout ratio in 12 months could be 104%, which is a bit high and could start applying pressure to the balance sheet. See our latest analysis for ISA Holdings Although the company has a long dividend history, it has been cut at least once in the last 10 years. The dividend has gone from an annual total of ZAR0.045 in 2015 to the most recent total annual payment of ZAR0.167. This works out to be a compound annual growth rate (CAGR) of approximately 14% a year over that time. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Earnings per share has been crawling upwards at 2.1% per year. The earnings growth is anaemic, and the company is paying out 100% of its profit. This gives limited room for the company to raise the dividend in the future. Overall, this is probably not a great income stock, even though the dividend is being raised at the moment. The track record isn't great, and the payments are a bit high to be considered sustainable. Overall, we don't think this company has the makings of a good income stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For example, we've identified 3 warning signs for ISA Holdings (1 doesn't sit too well with us!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
