The planned initial public offering (IPO) of Malayan state-owned enterprise Felda Global Ventures Holdings (FGVH) will take place this month (28th June). It will be underwritten by Deutsche Bank, JP Morgan and Morgan Stanley; with an expected valuation of around 2.5 billion Euro this will be the second biggest IPO ever, trailing Facebook. A significant detail is that FGVH is controlled by the governing part UMNO, led by Prime Minister Mohd Najib Abdul Razak. The upcoming privatisation might be prompted by a need to generate capital for the upcoming elections.
22 December, 20:30 at OT301, Overtoom 301, Amsterdam
Films and debate on globalisation and resistance.
Tax evasion costs 145 countries, representing over 98% of world GDP, more than US$3.1 trillion annually. This is concluded by the Tax Justice Network in a recently published report. With their campaign 'Tackle Tax Havens' the network wants to inform the public of the negative impact of tax havens on the global economy.
Last week, President Museveni announced that the government will not necessarily stick to its plan to clear one third of Mabira rainforest for the cultivation of sugar cane. The president said that his government is open to alternative ways to increase Uganda's sugar production. Before, Museveni had said that his decision was final, but pressured by national and international environmental activists (including Member of Parliament Beatrice Anywar) he agreed to consider other options.