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03:21Last update on: 12 Aug 2013
The Namibian
Mon 12 Aug 2013
SMS Of The Day * MINISTRY of Gender and Child Welfare, TEARS are rolling down as I write this SMS. The killing of women in Namibia is now like reciting a poem. Are we really getting the protection we deserve while women not being treated as part of this c Food For Thought * SO the Zimbabwe elections were free and peaceful and not free and fair? Bouquets And Brickbats * NURSES at Katutura Hospital must stop wearing those big plastic sandals at work because they are not the official working shoes. We want to see you looking smart and beautiful with your full uniform. SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf
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BUSINESS - MINING
| 2013-08-12
Norway’s US$760 bn oil fund increases bet on equities
OSLO – Norway’s sovereign wealth fund, one of the world’s biggest investors, returned 0,1% on its portfolio in the second quarter of 2013, beating its own benchmark index by 0,3 percentage point, it said on Friday.
The fund increased the share of equity holdings to 63,4% of its portfolio from 62,4% three months ago and cut its ownership of government bonds.
“Equity markets were boosted by a strong market in the US and Japan while emerging markets pulled in the other direction,” Yngve Slyngstad, the fund’s chief executive said.
“Fixed income returns were undermined by a rise in global yields,” he added.
Among the biggest changes in its portfolio, it cut is British government debt holdings by 26% from three months earlier and increased its Japanese government bonds by 30%.
The fund’s investments totaled or US$760 billion on Friday. The fund holds about US$150,000 for each of Norway’s 5,1 million residents. – Nampa-Reuters
The fund increased the share of equity holdings to 63,4% of its portfolio from 62,4% three months ago and cut its ownership of government bonds.
“Equity markets were boosted by a strong market in the US and Japan while emerging markets pulled in the other direction,” Yngve Slyngstad, the fund’s chief executive said.
“Fixed income returns were undermined by a rise in global yields,” he added.
Among the biggest changes in its portfolio, it cut is British government debt holdings by 26% from three months earlier and increased its Japanese government bonds by 30%.
The fund’s investments totaled or US$760 billion on Friday. The fund holds about US$150,000 for each of Norway’s 5,1 million residents. – Nampa-Reuters
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