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Tag Archives: assets

Oil workers strike in Brazil for wages, investments, assets

SÃO PAULO: Twelve oil work unions which are part of the Oil Workers Federation (FUP) in Brazil began on November 1st, a strike at Petrobras refineries all over the country. According to union officials, strikers are protesting against Petrobras’ asset sales, investment cuts, project suspensions, and reduction of some workers’ rights. “The strike was agreed on more than 45 days ... Read More »

NUM’s investment assets over R4b in first 4months of 2015

CAPE TOWN: The National Union of Mineworker’s (NUM’s) investment company has grown its net assets to more than R4bn first 4months of 2015 indicating how well it has thrived in spite of a slowdown in the economy over the past few years. The NUM provided the seed capital for the formation of the Mineworkers Investment Company (MIC) 20 years ago, ... Read More »

Britian 1,000 families assets reach 112% to £547bil

KUALA LUMPUR: The richest 1,000 families in Britain now control £547bil (RM3 trillion), an increase of 112% since the financial crisis, with London having more billionaires than any world city. London now has 80 billionaires, up from 72 last year, said the Guardian, quoting the 2015 Sunday Times Rich List. The richest 1,000 families have more money than the poorest ... Read More »

PSH net assets value remain USD28.09 this week

AMMAN: PSH NAV per share as of close of business in the last week of April 2015 was USD28.09. Weekly net asset value is calculated at the close of business on each Tuesday and posted on the following Thursday. In the event that Tuesday is not a business day, PSH will calculate the close-of-business NAV as of the business day ... Read More »

Posti to sell assets to Norwegian firm at the end of April 2015

HELSINKI: The Posti Group Corporation has agreed the sale of several properties of its real estate portfolio to Norwegian Ness, Risan & Partners. The price for the transaction is approximately €120 million. The properties to be sold include the Tampere, Kuopio and Oulu postal centres, Tuusula warehouse and the freight terminal in Pirkkala. The freight terminal will be transferred upon ... Read More »

TakarékBank total assets rise by two-thirds in 2014

BUDAPEST: Magyar Takarékszövetkezeti Bank (TakarékBank) said its total assets rose 66% to HUF 800 bln last year. TakarékBank said its shareholders had decided to pay a HUF 1.6 bln dividend from last yearʼs HUF 2 bln after-tax profit at an annual general meeting yesterday. TakarékBank is the “central bank” for Hungaryʼs savings coops which were recently integrated to create synergy ... Read More »

Granit Bank’s assets rise to HUF 142b in 2014

BUDAPEST: Gránit Bank’s assets climbed to HUF 142 billion at the end of 2014, the bankʼs management announced yesterday. Gránit booked after-tax profit of HUF 156 mln in 2014. Stock of client loans amounted to HUF 46.5 bln by year-end. Corporate loans approached HUF 43 bln and included HUF 20 bln in cheap financing from the National Bank of Hungaryʼs ... Read More »

Islamic finance assets rise to $41.8 trillion, needs regulation: IMF

AMMAN: According to finance minister, the Islamic finance assets rise to 41.8 trillion dollars last year. while the Islamic finance sector needs further regulations and supervision, said the International Monetary Fund. The ethics-based fast-growing sector faces several key challenges if it is to unlock its huge potential and develop safely, the IMF said in a statement. The statement added that the ... Read More »

Jordan Islamic Bank records 45.1 million dinars profit in 2014

AMMAN: Jordan Islamic Bank reported 2014 net profit of 45.1 million dinars, the same level as the year-ago period. Its assets had risen to 3.86 billion dinars by the end of December 2014, compared with 3.52 billion dinars at end of 2013, an increase of 9.4 percent. The bank, the oldest of the four Islamic banks operating in Jordan and ... Read More »

FBR officers given Nov 30 deadline to declare assets

ISLAMABAD: Federal Board of Revenue (FBR) taking prompt action, ordered all its officers to submit the details of their assets by November 30, otherwise, there performance allowance would be stopped. Sources informed that FBR had warned the officers for the second time to submit their assets declaration of the fiscal year ended on June 30, as majority of officers did ... Read More »

KCCI seeks tax collection details from FBR

KARACHI: The Karachi business community has urged Federal Board of Revenue to give them details of Income Tax, Sales Tax and Foreign Direct Investment (FDI) collected from taxpayers of the metropolis during the fiscal year of 2013-14. Expressing concern over selection of taxpayers for audit through computer balloting, Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Vohra has ... Read More »

Govt asks civil servants to declare assets

ISLAMABAD: The Establishment Division has issued a circular to employees of all ministries and institutions asking them to declare their assets details. It is obligatory for all civil servants to declare their assets after the start of new fiscal year; however except from FBR, other employees of different ministries and institutions have not yet declared their assets despite passing more ... Read More »

Assets declaring: FBR issues list of 35 customs, IR officers

ISLAMABAD: The FBR has issued the list of 35 officers of BPS 17 to 19 of who has not declared their assets since 2011 and decided to cancel their allowance. As per details, these 35 officers includes two Inland revenue officers of BPS 19, ten officers of BPS 18, three officers of grade 17 and 20 officers of BPS 20 ... Read More »

Rs770m tax evasion: Qadri’s plea for time extension turned down

ISLAMABAD: The Federal Board of Revenue (FBR) has rejected Pakistan Awami Tehrik (PAT) Chairman Dr Tahirul Qadri’s request for a one month extension to respond to the board’s notices and submit wealth statements. The FBR has informed Mr Qadri that he must respond within seven days otherwise he would have face penalty proceedings under section 182 of the Income Tax ... Read More »