Can Tho invites investors to investment promotion conferenceThe Mekong Delta city of Can Tho will hold an investment promotion conference on August 10, inviting investors for 54 projects worth nearly 124 trillion VND (5.44 billion USD). At a press conference on the conference on August 1, Chairman of the municipal People’s Committee Vo Thanh Thong said investors have already expressed interest in 44 out of the 54 projects on offer, and some are ready to start work immediately on 22 projects. He added that some projects attracted two or more investors, so the city will set criteria to select the best among them. Among the 54 projects, 21 are in real estate, 9 in culture-sports and tourism, 9 in agricultural and industrial infrastructure, 8 in transport, 4 in logistics and power, 2 in cultural-sport and health care infrastructure and 1 in information technology. Prime Minister Nguyen Xuan Phuc is expected to deliver a keynote speech and chair the conference, … [Read more...] about BUSINESS NEWS IN BRIEF 2/8
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NEW YORK--(BUSINESS WIRE)--May 18, 2018--Risk management is a core competency for AML professionals, and the need to track evolving regulatory expectations is a key component in defining an organization’s risk management profile. This year’s ACAMS 6th Annual AML Risk Management Conference will focus on the applicable solutions needed to strengthen institutional risk management strategies, tackle emerging risk vulnerabilities and meet regulatory compliance challenges. The conference, centered on the theme “Managing Risk Management’s New Era,” will take place at the New York Marriott Marquis, June 8, 2018.“Compliance professionals must know how to manage risk commensurate with their financial institutions’ business lines and risk appetite, and they have to know when to steer their institutions away from inappropriate risk,” said Kieran Beer, director of editorial content at ACAMS. “This conference is all about bringing together … [Read more...] about ACAMS 6th Annual AML Risk Management Conference
THE TICKER Chinese President Xi Jinping is displayed on a big screen as he delivers a speech at the closing session of the annual National People's Congress in March. (AP Photo/Ng Han Guan) The Trump trade mission to Beijing wraps up today without any concrete progress. The Trump administration is asking the Chinese to reduce the trade deficit with the U.S.— which stood at $375 billion last year — by $200 billion by 2020. And they want the Chinese to curb subsidies to key emerging industries, liberalize market access, and equalize their tariffs, among other demands. Beijing calls the requests "unfair." The two sides agreed to keep talking. Xinhua News Agency said in a statement they agreed to set up a "working mechanism" to enable ongoing communications. (The brief comment earlier from Treasury Secretary Steven Mnuchin: "We’re having very good conversations.") So there will be no quick resolution as both of the world’s … [Read more...] about The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.
Share Tweet Plus One Pin It Email Print By: Apoorva Mandhani April 28, 2018 12:38 pm Change Font Size A Petition has been filed before the Supreme Court seeking a declaration that the sentences under the Prevention of Corruption Act, 1988, Prohibition of Benami Property Transaction Act, 1988, The Prevention of Money Laundering Act, 2002 (PMLA), And Foreign Contribution (Regulation) Act, 2010 (FCRA) should run consecutively, instead of concurrently. The Petition, filed by BJP leader and Advocate Ashwini Kumar Upadhyay refers to a proposal put forth by Deputy Chairman of the Supreme Court-appointed SIT on black money, Justice Arijit Pasayat in April, 2016. Justice Pasayat had called for a more stringent PMLA with an increased jail term. He had then cited sentencing policies in the United States where such offenders are sentenced for up to 150 years, and was quoted as saying, “How I wish we had such sentencing here. Those stealing one rupee and … [Read more...] about Sentences Under PCA, PMLA, FERA And Benami Property Law Should Run Consecutively, Not Concurrently: Petition Before SC [Read Petition]
In the wake of last week's $1 billion fine levied against Wells Fargo by the Consumer Financial Protection Bureau, Philadelphia City Councilwoman is calling on Comcast Spectacor to rename the Wells Fargo Center in response to the bank's unethical practices. Bass, who represents Philadelphia's 8th district in the northwest, introduced a resolution on Thursday urging the owner of the stadium to consider a different name.“Comcast Spectacor represents one of the best businesses Philadelphia has to offer,” Councilwoman Bass said. “On the other hand, the city of Philadelphia took its payroll services out of Wells Fargo, and then sued the bank for discriminatory mortgage lending practices. It’s time to consider renaming the Wells Fargo Center, so that some of Philadelphia’s most prominent sporting, arts and cultural events aren’t sullied by an institution with a harmful reputation." Last week's fine came after Wells Fargo was found to have forced … [Read more...] about City Councilwoman calls on Comcast Spectator to rename Wells Fargo Center