January 25, 2022

WHR Group, Inc. Offering Free Employee Relocation Policy Reviews

MILWAUKEE, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHR Group, Inc. (WHR), a leader in the global employee relocation industry, is offering companies free relocation policy reviews. WHR will also help companies create new policies from scratch. Even with the Covid pandemic, companies are still relocating employees to fill crucial roles. Reviewing relocation policies and making critical adjustments helps organizations win in the war for talent, meet employees’ needs, benchmark against the competition and control business costs.

Relocation policies should be incorporated into an organization’s total rewards and talent management strategies. The right relocation policy can help a company, while a weak policy – or none at all – could have a negative impact on the candidate recruiting success rate. “With the current war for talent, it’s critical to have a structured and competitive relocation program. This helps companies attract and retain top talent,” says WHR’s Business Development Regional Manager, Ben Koceja. Making sure a relocation policy meets transferees’ needs helps reduce transferee stress so that employees can focus on work roles in their new locations.

Benchmarking a policy against other companies also helps organizations stay competitive in the war for talent. The policy needs to include a choice of offerings since relocation policies are wrapped into job offers. Companies also need to ensure they’re allocating the right amount of dollars to transferees and organizational needs. It is important organizations are not paying for unnecessary or outdated benefits.

According to WHR’s International Business Development Manager, Linden Houghtby, MBA, GMS, MIM+, “Having a relocation policy aligned with your company culture, talent strategy, and recruiting goals is essential to having a successful relocation/mobility program. It allows companies to move employees where they are needed most. Policies ensure transferees will be taken care of in a way that reflects the organization’s values and goals.”

To learn more about WHR’s free employee relocation policy reviews or for help creating a new policy, contact WHR.

About WHR Group, Inc.
WHR is a private, woman-owned, global employee relocation management company distinguished by its white glove service delivery structure and proprietary technology. WHR has offices in Wisconsin, Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to be the trusted leader in global employee relocation.
https://www.whrg.com, LinkedIn, Twitter and Facebook.

Media Contact: Mindy Stroiman, Corporate Writer
Mindy.Stroiman@whrg.com
262-523-7510

January 25, 2022

Kevin Shelly Named Strategic Account Manager – Americas’ for Nikkiso ACD

TEMECULA, Calif., Jan. 25, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is pleased to announce that Kevin Shelly has accepted a new position as Strategic Account Manager for the Nikkiso Cryogenic Pumps Unit – Americas.

This new and vital position to the management team supports the Group’s objectives to further grow their presence and impact within the Industrial Gas market throughout North and South America.

Kevin has an impressive track record in sales development, customer relations, and key account and territory management within his 20-plus years of industry experience. His focus will be to sell prime equipment as well as service and aftermarket for the pump group. Kevin will also play a vital role in the Group’s strategy by facilitating opportunities for the Nikkiso group companies and paving the way to becoming a stronger strategic partner for our customers.

“The Pumps Unit is excited to have Kevin in this new strategic management role,” according to Daryl Lamy, President and CEO of the Group’s Pump Unit. “His years of experience will add to our ability to offer world-class cryogenic pump products, customer service and value-added solutions for our customers.”

Nikkiso Cryogenic Pumps Unit which includes Nikkiso ACD and Nikkiso Cryo is a leading manufacturer of a diverse line of cryogenic pumps – large to small.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

January 25, 2022

Bombardier Announces New Sales Team Appointments

MONTREAL, Jan. 24, 2022 (GLOBE NEWSWIRE) — Bombardier today announced strategic changes to its international sales leadership team. The changes, which take effect immediately, are designed to further optimize Bombardier’s worldwide sales experience and capitalize on robust demand for its market-leading, smooth-flying business jets.

Following his decision to leave the company to pursue personal opportunities, Christophe Degoumois, Vice President, Sales, International has transitioned leadership to multiple Sales team members. An accomplished sales leader, Christophe leaves behind a solid foundation on which Bombardier has built its customer-centric values.

“We are grateful for Christophe’s 17 years of dedicated service at Bombardier, as well as the team he has built, now ready to take on broader responsibilities,” said Peter Likoray, Senior Vice President, Sales, New Aircraft. “Christophe played an important role in creating a positive experience for our customers and instilling a sales culture where customers’ needs are central to what we do. We thank him for his stellar leadership and wish him all the best in his new venture.”

Ensuring a smooth transition, Emmanuel Bornand will take on the role of Vice President, Sales, Europe, Russia, CIS, Middle East and Africa. Since joining Bombardier in 2008, Emmanuel has established a strong track record. From his base in Europe, he will continue to leverage his extensive experience in different leadership roles to further strengthen relationships with clients and expand Bombardier’s activity in the region.

Stéphane Leroy will take over responsibility for sales in Asia Pacific and China in addition to his current role of Vice President, Sales, Specialized Aircraft. A 20-year veteran with Bombardier, Stéphane’s knowledge and industry expertise will allow him to continue to deliver strong results in his new expanded mandate. Stéphane has spent eight years in Asia and cumulates over 30 years of experience in government-related sales activities.

Michael Anckner will add responsibility for sales in Latin America to his current responsibilities of fleet and corporate sales in his new role as Vice President, Sales, US Corporate Fleets, Specialized Aircraft & Latin America. Michael, who has been with Bombardier for 11 years and was previously a sales director in Latin America, will continue to leverage his extensive fleet experience and knowledge of the region to further grow sales in Latin America and expand customer relationships worldwide.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Visit the Bombardier Business Aircraft website for more information on our industry-leading products and services.

Bombardier is a registered trademark of Bombardier Inc. or its subsidiaries.

For Information
Tinca Stokojnik Prouvost
Communications Advisor
+1 514 912 1326
tinca.stokojnik.prouvost@aero.bombardier.com

January 25, 2022

Pakistan Issues $1 Billion Ijara Sukuk in Global Market

Pakistan issued the much-awaited $1 billion Ijara Sukuk in the global market on Monday, 24 January.

The dollar-denominated Islamic bond comes with a 7.95 percent yield payable on a semi-annual basis and a seven-year time to maturity up to 31 January 2029.

The brand new Sukuk bond which was listed on the London Stock Exchange yesterday is one of the most premium Islamic papers Pakistan has issued in recent years.

The erstwhile five-year Islamic debt instrument had been secured at a 5.6 percent return in December 2017. It matured last month and had to be replaced by a new paper, this time with a seven-year time to maturity and an improved 7.95 percent return.

The Spokesperson for the Ministry of Finance, Muzammil Aslam, told ProPakistani, “It is on the higher side. However, the international debt capital bond market across countries has been completely shocked since last December due to the expected increase in interest rates in the US and Europe. So, given the situation, we have got a good deal given the time”.

No official announcement was made about the bond’s prospectus launch because of an arrangement with bookrunners and financial managers. Pakistani authorities (the customer) were not allowed to make any public statements about the transaction.

Pakistan identified four international banking institutions, namely Credit Suisse, Deutsche Bank, Dubai Islamic Bank, and Standard Chartered Bank, as Joint Lead Managers (JLMs) and Joint Bookrunners (JBRs) last week to organize a series of investor calls for the issuance of the seven-year Islamic paper.

As envisaged earlier, the benchmark seven-year offering is US dollar-denominated and has been proposed under the Trust Certificate Issuance Programme of The Pakistan Global Sukuk Programme Co., by committing a couple of motorway projects of the National Highway Authority (NHA).

Last week, Moody’s Investors Service (Moody’s) assigned a B3-backed senior unsecured rating to the proposed US dollar-denominated Sukuk issuance by the Government of Pakistan. Subsequently, Fitch Ratings also assigned Pakistan’s proposed US-dollar sovereign global Sukuk certificates a ‘B’- rating.

The government intends to raise around $3 billion from the international capital market through the instrument. The cost of an Islamic bond is generally lower than the cost of a standard Eurobond, and authorities expect to reap a considerable portion of the debt instrument’s full amount during the current fiscal year.

Source: Pro Pakistani

January 25, 2022

KP Govt Wants its Share of Oil and Gas Produced in The Province

To ensure the rightful provincial share in oil and gas production, the government of Khyber Pakhtunkhwa has demanded the Federal Government apply the Production Sharing Agreement (PSA) in all the prospective onshore exploration leases.

“It is reiterated that the Regulation of Mines and Oilfield and Mineral Development (Government Act), 1948 which, is the guiding document for regulating matters pertaining to exploration and production of oil and gas in the country expressly calls for Production Sharing Agreement (PSA) both offshore and onshore. It is further stated that PSA is equally beneficial to Federal Government and Provincial Government in terms of Article 172(3) of the Constitution,” said a letter written by the government of Khyber Pakhtunkhwa to the Federal Ministry of Energy (Petroleum Division).

Article 172(2) and (3) of the constitution of Pakistan deals with offshore and onshore natural resources, which state that mineral oil and natural gas vest jointly and equally with the respective Provincial Governments and Federal Government, however, exclusive ownership of natural gas situated beyond 12 nautical miles (Territorial Waters ) from the baseline till EEZ vests with the Federal Government.

The existing leases agreements are based on Petroleum Concession Agreements (PCA), which bring cash benefits to the Federal Government and the concerned provinces as well, an official source told ProPakistani.However, under the Production Sharing Agreements (PSA) the Federal Government and provinces will get their share in kind and will become partners in the oil and gas production. After the implementation of PSA, the companies will not be the lonely owners of the production but the Federal Government and provinces will also have a share in it.

For example, on the production of 25000 barrels of oil, 40 percent will go to the Federal Government and the respective provinces. The same is the case in gas production, the official said. The increased production increases the share of both the federal and provincial governments, said the source.

Currently, under the petroleum concession agreements, the provincial governments are getting royalty, bonuses, welfare funds, and training funds. However, under PSAs, they will get more than this as they will get a share in oil and gas production. After getting their share in production, the province will be free to decide to whomever they want to sell their oil and gas production share.

The official said that initially, after signing the PSAs, the province’s share may see a dip for up to three years, but later the benefits are far bigger than under the current PCAs. The source said that one year ago the Khyber Pakhtunkhwa Provincial Assembly Standing Committee on Inter-Provincial Coordination recommended seeking the approval of the Council of Common Interest (CCI) to apply Production Sharing Agreement (PSA) for prospecting of hydrocarbons in the onshore blocks of KP province in the next bidding round to ensure a rightful share of the province.

Since March 2021, the KP province has repeatedly requested the Federal Government for the implementation of the KP assembly committee’s recommendations. However, no action was taken place so far.

The former Secretary Petroleum Division had advised the Directorate General of Petroleum Concessions (DGPC) to implement recommendations of the Provincial Assembly Standing Committee in letter and spirit. The letter requested that the recommendations of the Standing Committee may kindly be implemented without further delay to ensure strict compliance with Article 172(3) of the Constitution.

Source: Pro Pakistani

January 25, 2022

SECP Appoints Firm to Conduct Forensic Audit of Hascol in Mega Fraud Case

The Securities and Exchange Commission of Pakistan (SECP) has appointed a chartered accountancy firm as an investigator to conduct the forensic audit of Hascol Petroleum Limited (HPL).

In an official notice to the Pakistan Stock Exchange (PSX) on Monday, HPL announced that a chartered accountancy firm has been appointed by the SECP to carry out the forensic audit of the company.

The development comes two days after the Federal Investigation Agency (FIA) arrested the founder of HPL, Mumtaz Hasan, in a mega fraud case worth Rs. 54 billion.

In another separate notice to the PSX on Monday, HPL said that it is fully cooperating with the FIA which is investigating a case related to the company. Most of the information being evaluated by the FIA has already been disclosed to the PSX. The current board and management have nothing to do with the case and should not be linked with the case.

On Monday, Director FIA Sindh Zone, Amir Farooqi, said that 30 people, including serving and former senior officials of the National Bank of Pakistan (NBP), HPL, and a number of other top organizations, have been booked for their involvement in the country’s biggest financial fraud.

Later in the day, 13 serving and former senior officials obtained a 10-day protective bail from the Sindh High Court (SHC) in the case regarding the allegations of mismanagement by various banks in issuing loans to HPL.

Source: Pro Pakistani