BSR representative receiving the certificate for the best financial management companyBSR was hailed for outstanding performance and positive financial results by the organizers. It fulfilled business and production missions before 17h30 of November 23rd, 2018; 38 days sooner than the year’s plan. In the first 11 months of the year, BSR produced 6.4 million tons of products, earned over VND103 trillion (32.9% higher than the year’s plan); contributed nearly VND11 trillion to the State budget (31.6% higher than the year’s plan) and earned VND5.17 trillion in after-tax profit. After 8 years of operation, BSR contributed about USD7 billion to the state budget, up three fold from the initial investment. It has also contributed 80% to Quang Ngai’s state budget. According to Vietnam Report, BSR ranked 7th on the list of the biggest enterprises in Vietnam in 2017, and placed 14th among the 500 most profitable companies in the country in 2018./. BTA … [Read more...] about BSR honored best financial management company
Budgeting and financial management
News / UK and world by Press Association July 5, 2018, 8:24 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Budget fashion chain Primark is on course for higher annual profits as strict stock management and markdowns start to pay off. Associated British Foods said in a trading update that it expects Primark’s bottom line to grow thanks to higher operating margins. “Stock has been tightly managed and markdowns, although higher than the very low level achieved last year, will be better than previously expected and, as a result, the profit from Primark will now be higher than expected,” AB Foods said. It also expects to feel the benefits of a weaker US dollar on its purchases. However, it is not enough to offset a decline in profits at its sugar division, which is being knocked by low EU prices, forcing AB Foods to stand pat on its full-year outlook. The group logged a 2% rise in like-for-like revenue over the 40 weeks to … [Read more...] about Primark profits to rise as markdowns and stock management pay off
Minister of Finance Dinh Tien Dung The Minister said the Government has been enacting synchronous measures to implement effectively the Politburo’s Resolution No.7 on restructuring the State budget and public debt management and the National Assembly’s Resolution No.25 on the national five-year financial plan. As a result, the State budget collection in 2016-2017 far exceeded estimates by 9.3 percent and 6.3 percent respectively. Budget revenues at central level accounted for 55-56 percent of the total revenues while localities contributed 44-45 percent. In line with its integration commitments, Vietnam has forged ahead with administrative reforms and modernisation of taxation and customs. Most of businesses at present have conducted online tax declaration, payment and refund, while all customs units have been carrying out e-customs procedures and adopting the one-stop-shop mechanism. The Ministry of Finance has expanded the connection among customs … [Read more...] about Minister addresses lawmakers’ concerns over budget, financial management
Updated at 1:41 p.m. with state social services czar Charles Smith's comments. AUSTIN -- A fourth official has lost her job as a contracting mess deepened at the Texas Health and Human Services Commission on Wednesday.Heather Griffith Peterson, the commission's chief operating officer, resigned effective Wednesday, agency spokeswoman Carrie Williams confirmed.Meanwhile, Charles Smith, the commission's executive director, warned that more of his subordinates could be sacked. Smith admitted to House lawmakers the agency's purchasing and contract oversight processes are "broken.""Our agency was rocked by contracting scandals in 2014 and 2015," Smith recounted to the House Appropriations Committee. Lawmakers then passed bills to overhaul contracting, and the commission made internal changes, he said."None of that matters right now because I'm sitting before you because we failed," Smith said. "We let taxpayers down. ... Everyone deserves better. And we will do … [Read more...] about Fourth official quits, as contracting mess roils Texas Health and Human Services
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