A rate of return slightly above unity is expected on these projects.

(c) They must be cost effective (that is, the cost of implementing the control should not exceed the benefits derived).

The low interest rate on long term Treasury bonds has also boosted demand for other long term assets that promise higher yields, including equities, farm land, high yield corporate bonds, gold, and real estate. When interest rates rise, the prices of those assets will fall as well.

Assumed rate of real return (Millions of United States dollars)

This included 1.5 million in exchange rate gains.

So you can double efficiency with a 60 percent internal rate of return.

Evolution of admission rate to Baccalauréat by special subject

NEW HAVEN The prices of long term government bonds have been running very high in recent years (that is, their yields have been very low). In the United States, the 30 year Treasury bond yield reached a record low (since the Federal Reserve series began in 1972) of 2.25 on January 30.

There can be two types of improvement in productivity productivity growth based on high and rising rates of investment associated with rising employment and a one off increase in labour productivity associated with static efficiency gains resulting from labour shedding under conditions of stagnant or declining investment.

Low real long term rates mean that any long term asset that pays, say, 100 a year in real terms would have been worth a real 1,429 in 1984, when it yielded 7 , but would have to be worth a real 5,000 now, when it yields just 2 . A decline in long term rates of such magnitude would thus appear to imply massive price inflation for real assets, justifying the high prices we are in fact seeing.

Additional models, in which the assumed real rates of return on investments ranged from 2 per cent to 5 per cent higher than the assumed 5 per cent rate of inflation, were also prepared.

Even if the Fed ignores deflationary pressure and hikes interest rates more quickly, medium and long term rates are still likely to be anchored, given how little yield is available elsewhere in the world. Yields on German Bunds are now negative out to eight years.

Banks would then find it advantageous to hold their surplus liquidity in the form of T bills as long as these bills yielded more than bank deposits held at the ECB. Italy and Spain would then be able to refinance their debt at close to the ECB s deposit rate, which is currently 1 on mandatory reserves and 25 basis points on excess reserve accounts.

There's an overhang of capital in the U.S., and the key is yield pickup.

Over the past 20 years, the first component of the benchmark, the Morgan Stanley Capital International World Index, had achieved a total annualized return of 14.6 per cent compared to 14.1 per cent achieved by the Fund apos s total equities. The second component, the Salomon Brothers World Government Bond Index, had achieved a total annualized return of 9.9 per cent compared to a total annualized return of 10.9 per cent achieved by the Fund apos s bond portfolio.

There was a growth in ESA contracts, Norway having one of the highest rates of industrial return in ESA.

For increased effectiveness and efficiency, UNOPS will use net present value or internal rate of return to determine the expected value of the investment.

Other income consists mainly of interest income, gains losses as a result of exchange rate movements and other miscellaneous items.

Other income consists of 1.498 million exchange rate gains and 1.928 million interest income.

The cumulative annualized total rate of return over the 38 year period for which data are available was 9 per cent, or a real rate of return of 3.8 per cent, after adjustment by the United States consumer price index.

Second, with low interest rates causing vast sums of money to chase so few opportunities for decent yields, it is understandable that investors have turned to government bonds, thereby driving down yields still further. But this situation cannot last forever if the flow of funds slows, or alternative, higher yielding assets become available, demand for government bonds could drop markedly.

The opposite side of the high absorption GDP ratio is an equally high trade deficit.

African stock markets were undervalued their price earnings ratios were considerably lower than those of the Standard and Poor 500, though their rate of return in 2003 and 2004 had been considerably higher than the rate in Latin America or Europe.

What Africa is providing is a diversification play, and also opportunities for yield pickup for the investor that's aware of what he or she is doing.

In that country, the ratio between incomes and costs of aquaculture in ponds was almost 33 per cent higher than that of a double crop system combining aquaculture and rice cultivation.

Article 25 The Company shall present the data of the previous period, that of the current period and the percentage increase or decrease of the following business performance indicators rate of return on net assets, rate of return on total assets and business expense ratio in tabular form.

Article 76 The Company shall present the data of the previous period in tabular form, that of the current period and the percentage increase or decrease of the following business performance indicators rate of return on net assets, rate of return on total assets and business expense ratio.

The audit report also raised concerns about high duties, amounting to 37 per cent of sector revenue compared with a recommended level of 30 per cent.

The cumulative annualized total rate of return over the 38 year period for which data are available was 9 per cent, representing a yearly quot real quot rate of return of 3.8 per cent after adjustment by the United States consumer price index.

Tax incentives or subsidies for efficient equipment

A working group had been established to draft a concept on improvement of income control of individuals, which contained several recommendations to improve the efficiency of the income control system, as well as to detect the proceeds of crime.

The efficient enforcement of a competition policy through legislation could strengthen the way in which FDI liberalization could enhance market efficiency and consumer welfare, and ultimately promote development.

An additional criterion is a ratio of present value of debt to government revenue of 280 per cent (together with additional conditions related to a ratio of government revenue to gross domestic product (GDP) of 20 per cent and a ratio of exports to GDP of 40 per cent).

Investors are buying long term bonds at the current low interest rates because the interest rate on short term investments is now close to zero. In other words, buyers are getting an additional 2 current yield in exchange for assuming the risk of holding long term bonds.

The funding gap for the regular budget would have been 12.1 million if the exchange rate gains and the interest income were excluded from the total income.

After the government announced its plan, the euro fell to its lowest level in nearly two weeks on Friday, while the Italian bond yields hit their highest level in three weeks.

These allocation decisions are understandable, given the paltry yields available in fixed income investments, but the resulting second order impact could ultimately prove devastating.

Unlike the financial benefits of reducing labor costs, the financial benefits of profit sharing, realized gradually through greater employee engagement and reduced turnover, are difficult to measure, uncertain, and unlikely to have an immediate effect on earnings per share, a major determinant of executive compensation. It is unsurprising, therefore, that the advantages of profit sharing are undervalued by many companies, especially those that focus on short term success metrics.

Following a comprehensive operational review, the United Nations Postal Administration has been restructured, becoming more efficient and cost effective, with signs of a more positive trend in the level of revenues.

His estimates imply that foreign sales at a rate of 60 billion per month raise yields by ten basis points. Given that China has been at it for 2.5 months, this implies that the equivalent of a 25 basis point increase in interest rates has already been injected into the market.

362. Rate of admission to the Baccalauréat (after seven years of secondary education)

The Fund apos s real estate investments outperformed both bonds and cash during the biennium, with a total return of 8.6 per cent for the year ending 31 March 1997 and 18.9 per cent for the year ended 31 March 1998.

The Secretariat attained a collection rate of 90.5 per cent for 2004 (2002 93.0 per cent), a slight deterioration as compared to 2002 but still above the collection rate of 2002 2003 (89.8 per cent). However,

It was also mentioned that on a 25 year basis the rate of return on bonds and equities had been almost equal.

The remaining 8.8 million (2 per cent of total income) came from miscellaneous sources such as NGOs and exchange rate gains.