Articles worth reading
Image : Six inspection teams set up for food safety in Tet holidays

Six inspection teams set up for food safety in Tet holidays

person Orange Themes access_time Dec 26,2016

Head of the Vietnam Food Administration (VFA) under the Ministry of Health Dr. Nguyen Thanh Phong yesterday said that six inspection teams will be set up for food safety in Tet holidays (the Lunar New Year) and festive season 2017.

Image : Donald Trump to Meet With OSU Attack Victims, First Responders

Donald Trump to Meet With OSU Attack Victims, First Responders

person Orange Themes access_time Dec 08,2016

Donald Trump plans on visiting Ohio State University to privately meet with victims of last week's attack, as well as first responders, according to the college. On Nov. 28, an 18-year-old OSU student drove into pedestrians with a car and then began

Image : Billionaire moguls elected to power

Billionaire moguls elected to power

person Orange Themes access_time Nov 09,2016

Paris (AFP) - Donald Trump, the real estate mogul, reality TV star and US president-elect whose worth Forbes estimates at $3.7 billion, joins an ultra-elite group of billionaire business tycoons who have come to power through the ballot box.

Latest blog articles

Ha Tinh Province violated Formosa licensing

access_time Jul 08,2016 chat_bubble_outline 203 views

A recent Government Inspectorate investigation found Ha Tinh Province had violated regulations in approving the lifespan of the Formosa Plastics Group’s steel project.

Ha Tinh Province violated Formosa licensing
 

Formosa's steel project in Ha Tinh


According to the inspection, provincial authorities licenced the Formosa  steel project at Vung Ang Economic Zone for 70 years, instead of 50 years as regulated in the country’s Law on Investment.

Under the law, in special cases, the government can consider extending the project lifespan, but by no more than 70 years. However, the authorities in Ha Tinh unilaterally made the offer.

Formosa also benefits from a four-year corporate tax exemption. The firm will benefit from a 50% discount for the following nine years, while during the remainder of its operations, only pay a corporate tax rate of just 10%, compared to 22% as regulated.

Formosa has also been offered free land rent for the first 15 years of operation. The inspection also indicated that to date, Formosa, despite all the generous incentives, still owed Ha Tinh Province VND46 billion (USD2.1 million) in land rentals.

Formosa has also not yet paid VND136.76 billion in environmental protection taxes for its sand extraction and clearance for carrying out the project.

The Government Inspectorate has proposed the prime minister instruct the Ministry of Planning and Investment to check the process in which Ha Tinh Province approved the 70-year lifespan of Formosa’s steel project as well as land lease as well as tax priorities for the firm.

Taiwan’s Formosa Plastics Corp. has taken full responsibility for a toxic discharge from its Vietnamese steel plant that led to the recent mass fish deaths and massive damage to the economy of four nearby provinces.

Formosa admitted liability and have offered USD500 million in compensation.



related news

Formosa toxic discharge: How long will it take for marine life to recover?

Formosa to pay US$500mil. compensation for environmental disaster in central Vietnam 


Dtinews

Read on the original site
With asylum grant, did the US just reward hate speech?

When Singapore’s first prime minister, Lee Kuan Yew, passed away in 2015, 16-year-old Amos Yee made an obscenity-filled YouTube video denouncing the late leader as a “tyrant.” That and other postings earned him a four-week jail sentence for “wounding religious feelings and obscenity.” Not long after, he earned another six-week sentence for derogatory comments on Islam and Christianity.On Friday, US Immigration Judge Samuel B. Cole granted asylum to Mr. Yee, now 18, who flew to Chicago in… chat_bubble_outline Read More...

Oil industry urges Trump to approve Dakota Access pipeline

BISMARCK, N.D. (AP) — Industry leaders are urging President-elect Donald Trump to make approval of the disputed Dakota Access oil pipeline a priority when he takes office next month, but a spokesman for Trump isn't offering many clues about how the incoming president might act.Meanwhile, the leader of the Standing Rock Sioux is calling on pipeline opponents to leave a camp in southern North Dakota where they've been protesting for months, as dangerous winter weather sets in. Many are vowing to… chat_bubble_outline Read More...

Top US spy: Intel community not source of Trump leaks

Washington (AFP) - US intelligence chief James Clapper has expressed "profound dismay" to Donald Trump over leaked details of a security briefing that reportedly contained explosive but unsubstantiated allegations about the president-elect.Clapper said in a statement that he and Trump spoke late Wednesday about unverified claims that his aides colluded with the Kremlin to win the US election, and that Russia has compromising information on Trump."This evening, I had the opportunity to speak… chat_bubble_outline Read More...

BUSINESS IN BRIEF 9/10

Only way out for long-delayed IP proposed by Hai DuongStiffer measures were proposed to help break the current impasse of notorious long-delayed Viet Hoa-Kenmark Industrial Park in the northern province of Hai Duong.The Hai Duong Provincial People’s Committee just held a working session with related parties at Viet Hoa-Kenmark Industrial Park (IP) project and ultimately came to the conclusion that the IP must be sold in the upcoming time. Hai Duong IP Management Authority was assigned by the… chat_bubble_outline Read More...

Beijing must accept South China Sea ruling: Australia

Read on the original site chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin