In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Tourism value chain
On her part, Dr. Itunu Akinware, Managing Director Medbury Medical Services, advocated for effective collaborations within the health sector drawing from the saying, “You shouldn’t let a good crisis go to waste,” she emphasized that ‘now that a lot of light has been shone on the health sector and we can see the gaps in infrastructure, processes, and systems, this is the time for all of us to work together and ensure that we can improve healthcare in Nigeria”. … [Read more...] about Nigeria’s Health Sector has Massive Wealth Potential, says Abiru
The U.S. has a dire need to end its reliance on foreign-produced pharmaceuticals and medical supplies, and Puerto Rico has ready solutions. It has the manufacturing infrastructure in place; it has the ability to fire up limited and closed facilities; and it has experienced, cost-effective labor. Now, President TrumpDonald John TrumpTrump marks 'very sad milestone' of 100K coronavirus deaths DOJ: George Floyd death investigation a 'top priority' Lifting our voices — and votes MORE and Congress can solve two problems in one stroke. The next relief package should: one, eliminate the foreign tax treatment of manufacturing income generated in Puerto Rico; and two, re-institute the tax incentives for pharmaceutical and medical device manufacturing operations located in Puerto Rico. … [Read more...] about The island that can save America
Hanoi, (VNA) – Prime Minister Nguyen Xuan Phuc on May 29 discussed on the phone with his Singaporean counterpart Lee Hsien Loong bilateral and regional cooperation in the context of the COVID-19 pandemic. PM Phuc appreciated the efforts and comprehensive measures undertaken by the Singaporean Government to contain the spread of the COVID-19 outbreak and mitigate its socio-economic impacts, noting his belief that Singapore will soon be able to put the epidemic under control. He shared Vietnam’s experience in the transition to a new “normal” when the country promotes economic development while continuing with epidemic prevention and control measures. The Vietnamese Government leader underlined the importance of regional and international cooperation in the current context, and spoke highly of Vietnam and Singapore’s mutual support in medical supplies as well as coordination in repatriating their citizens. He thanked Singapore and PM Lee Hsien Loong … [Read more...] about PM Nguyen Xuan Phuc holds phone talk with Singaporean counterpart
By Nirmal Jain Have you seen the glee in the eyes of politicians when they announce loan waiver schemes for farmers? No prizes for guessing whether their eyes are filled with mercy for farmers or avarice for votes. A few weeks ago, the chairperson of the largest state-owned bank sensibly voiced her concern that the loan waiver could upset credit discipline. Some of the legislators had the audacity to demand her apology for this. For them, we are reminded of Jesus’ last words 'Father, forgive them for they do not know what they are doing'. But there are many people in the government and bureaucracy who know what they are doing. The smaller issue is that they are making bad banks, worse. The larger issue is if the Indian farmer is destined to live in destitution and die in debt? Let us take the smaller issue first. In theory, the burden of loan waiver is borne by the state governments. Its immediate impact may be a slight fall in NPAs but it does spoil credit culture and makes … [Read more...] about View: Is Indian farmer destined to live in destitution and die in debt?