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Ministry of Finance proposes to cut 51.4% of business conditions

The Ministry of Finance proposed to cut 51.4 per cent of the total number of business investment conditions under the ministry’s management. A customs staff is at work. The Ministry of Finance has proposed to amend and supplement 16 decrees in many fields including customs.  The ministry also proposed to amend and supplement 16 decrees in many fields including insurance, securities, price appraisal, customs, accounting, auditing, lottery, electronic games for foreigners, casino, betting business, credit rating services and voluntary retirement…

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UPDATE 2-China LGFV makes overdue payments after rare bond default

(Adds earlier company statement, details on corporate bond defaults) By Andrew Galbraith SHANGHAI, Aug 15 (Reuters) – A state-owned asset management firm in China’s western Xinjiang region has made payments on its bonds after earlier missing a deadline, in what was a very rare bond default by a Chinese local government financing vehicle (LGFV). Concerns about debt levels in China, particularly local borrowing, are on the rise as the economy cools and Beijing turns once again to stimulus spending and…

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Norwich community fears voting ward shake-up will split it in two | Politics

The independent Local Government Boundary Commission for England is asking people across Norwich to comment on its draft proposals for new council ward boundaries. Pic: Ordnance Survey data (c) Crown copyright and database rights 2018 Ordnance Survey It’s not the sort of subject which usually gets pulses racing, but a proposed shake-up which would change the voting boundaries in Norwich has sparked a petition signed by more than 150 people. Email this article to a friend To send a link…

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As Fonterra’s troubles mount, its chief executive says goodbye, from a distance

HAMISH RUTHERFORD Last updated 16:30, August 15 2018 Stuff In just a few weeks Fonterra has a new chief executive and chairman. OPINION: Fonterra says the latest changes to its management are to provide stability, but the way the news is slowly unfolding appears to be haphazard. As the pressure has mounted, Fonterra has drip-fed movements which see key figures depart without ever properly confronting the performance of the dairy giant. Back in March, New Zealand’s largest company announced midway through a presentation…

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[ANALYSIS] Why Duterte’s federalism endangers government’s finances

Unless we first fix existing regional economic disparities, Bayanihan Federalism will only leave more poor regions behind Published 10:04 AM, August 15, 2018 Updated 10:04 AM, August 15, 2018 More and more groups are opposing President Rodrigo Duterte’s push for federalism via charter change, otherwise known as Bayanihan Federalism. Rather surprisingly, a lot of the pushback is coming from Duterte’s own cadre of economic managers. Last week Finance Secretary Sonny Dominguez said he would “absolutely” vote against the draft constitution,…

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Pensioners are being targeted by fraudsters now ‘more of them are online’

The over-60s are being increasingly targeted by fraudsters trying to steal their identities. There were 14,261 reports of identity theft from victims aged over 60 in the first six months of the year, according to fraud prevention service Cifas. This is an 8 per cent increase on the same period last year, when there were 13,164 cases recorded. There were 14,261 reports of identity theft from victims aged over 60 in the first six months of the year, according to…

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Identity fraud falls but remains `uncomfortably high´ -…

Identity fraud falls but remains `uncomfortably high´ – report By Press Association Published: 19:06 EDT, 14 August 2018 | Updated: 19:06 EDT, 14 August 2018 Identity fraud has fallen for the first time since 2014 but remains “uncomfortably high” amid more personal information available online, according to a report. Fraud prevention body Cifas recorded a 5% drop in identity fraud in the first half of this year compared to the same time last year, with the number of cases falling…

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WAVE 3 News Editorial – August 14, 2018: Simmons College

Rev. Kevin Cosby (Source: WAVE 3 News) LOUISVILLE, KY (WAVE) – Dr. Kevin Cosby pastors a church – St. Stephen’s – that uplifts the Louisville community in so many ways, and he envisions five years from now that Simmons College of Kentucky will transform the entire city of Louisville and be one of the top Historically Black Colleges and Universities in the United States. Dr. Cosby has already resurrected Simmons since becoming President 13 years ago. At that time, you could fit…

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Zep-Re awarded stable rating on strong growth

By JAMES NGUNJIRIMore by this Author Regional reinsurer Zep-Re has been rated a stable outlook by Johannesburg-based Global Credit Ratings (GCR) on the back of a 24 per cent average annual growth rate in capital. GCR says it has affirmed Nairobi-based Zep-Re’s (PTA Reinsurance Company) national scale claims paying ability rating at AA+(KE), and accorded it a stable outlook. The rating is valid until July 2019. Zep-Re’s capital went up to $228 million (Sh22.8 billion) in 2017, which GCR says…

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How to Invest in Midstreamers — The Motley Fool

“Toll collectors for big oil” doesn’t sound like the sexiest industry, but these companies tend to be cash-generating machines for shareholders. In this week’s episode of Industry Focus: Energy, host Michael Douglass and Motley Fool contributor Jason Hall dive into midstreamers and how to invest in them. Get the highlights from five of the biggest midstreamers’ earnings reports and how the companies have set themselves up for the long term, how exactly midstreamers make their money, what risks and metrics…

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Equifax Avoided Fines, but What If …?

Let’s imagine the consequences the company would have faced if current laws had been on the books earlier. Equifax made headlines around the world in 2017 with a massive data breach of more than 143 million records worldwide. It waited 40 days before notifying consumers of the breach, exposing customers to further risk. And that’s not all. Things went downhill from there, with the CEO, CISO, and CIO retiring or resigning and multiple executives charged with insider trading related to…

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Moody’s: Azerbaijan’s GDP to grow by 3 percent

Azerbaijan’s Ba2 Stable credit rating reflects the country’s total public debt, secured guarantees and at the same time the vulnerability of the banking sector. Moody’s notes that the real gross domestic product (GDP) of Azerbaijan increased by 0.1% in 2017, and by 1.6% for the first 5 months of 2018. The indicator of economic development by results of 2018 is projected at the level of 2% and at 3% at the end of 2019. At the same time, the agency…

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H&T Group PLC achieves strong disciplined growth in first half of 2018

Pawnbroking firm () continued to achieve growth from all of its core revenue streams in the first half of 2018. Profit before tax in the six months to the end of June rose 10.9% to £6.1mln from £5.5mln the year before on revenue that climbed to £68.5mln from £57.7mln. READ Pawnbroker H&T confident about the future after ‘milestone year’​ The net pledge book, including accrued interest, increased by 8.6% to £47.8mlm from £44.0mln in the first…

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