Bajaj finance bongaon branch

A view of the New York City skyline of Manhattan and the Hudson River), as seen from Weehawken, New Jersey, U.S. April 18, 2020. REUTERS/Jeenah Moon/File photo LONDON – New York remains far and away the world’s most favored financial center, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Financial Centres Index (GFCI) showed on Thursday. Paris returned to the top 10 to replace Tokyo, but Moscow sank 22 places to 73rd as Western countries severed ties with the capital after Russia’s invasion of Ukraine in February, GFCI said. GFCI, compiled by Z/Yen, a City of London think tank, and the China Development Institute, rated 119 centers using 66,121 assessments from 11,038 financial professionals, and quantitative data. New York has held the top position among global financial centers ranked by GFCI for four years, overtaking London. “London’s second position looks secure but needs a significant global change to once … [Read more...] about New York still top, Moscow sinks in finance center ranking

Share to Twitter Share to Linkedin As we enter tax season 2023, you may wonder how long you should keep your old tax returns and other paperwork associated with filing your taxes. For those with hard copies of your taxes, you might wonder if you can scan them. Or do you need to keep hard copies? Keep reading as we share how long you should keep your old taxes and how to get them out of your way, hopefully. How long do you need to keep old tax records, receipts, and total tax returns (state and federal)? Another common question is how to safely store these tax docs without feeling like you are living like a hoarder. While providing tax-planning guidance over the years, I've met several people with countless boxes full of old receipts, documents, and tax returns. While some tax documents needed to be kept, most could have been shredded and thrown away long ago. What Does The IRS Say About Keeping Old Tax Returns? According to the Internal Revenue … [Read more...] about How Long Should You Keep Old Tax Returns?

Senator Grace Poe MANILA, Philippines — The executive order from President Ferdinand “Bongbong” Marcos Jr. on the creation of Water Resource Management Office (WRMO) is a “timely intervention” that will boost action to address the rising water stress in the country, said Senator Grace Poe. Marcos earlier said that his directive for the establishment of WRMO had already been signed and would soon be released for implementation. Poe, chair of the upper chamber’s panel on public services, welcomed the move on Thursday as she noted that bills seeking a more integrated water policy in the country are still being deliberated upon in Congress. “This is a timely intervention from the executive branch which will hopefully alleviate the creeping water crisis in the country,” she said in a statement. The legislator lamented the irony of the Philippines being plagued by a water crisis despite being an archipelago – all because of “fragmented resource management.” “We expect that this … [Read more...] about Poe: Marcos order creating water management office a ‘timely intervention’

File photo: MANILA, Philippines — Information obtained from suspected violators of Anti-Terror Law will now fall under exceptions to the right to access information, according to a memorandum released by Malacañang on Thursday. The new exception was contained in Memorandum Circular No. 15, signed by Executive Secretary Lucas Bersamin last March 17, updating Executive Order No. 2  issued during the time of former President Rodrigo Duterte. The memorandum states that “the records of surveillance of suspects and interception and recording of communications acquired by law enforcement agents or military personnel” in relation to Anti Terrorism Law (ATL) of 2020 are now exempted to the right of access to information. READ: SC asked to ‘take an even closer look’ at Anti-Terrorism Act of 2020 Duterte signed Executive Order No. 2 on July 23, 2016, to promote accountability, and set the guidelines for requesting and releasing information from offices under the executive branch. … [Read more...] about Anti-terrorism law violators’ records exempt from info access – Malacañang memo

TRANSPARENCY POLICY President Duterte signs an executive order laying down his administration’s policy of full public disclosure and transparency in public service, but it does not cover the legislature, judiciary and even local governments. —MALACAÑANG PHOTO President Rodrigo Duterte’s issuance of an executive order on freedom of information (FOI) was a much-lauded move and a step in the right direction, but it has had “unintended consequences” that have not always led to greater transparency. Executive Order No. 2, signed on July 23, 2016, and implemented for about seven months now, has laid down a policy of full public disclosure and transparency in public service to promote accountability, and sets the guidelines for requesting and releasing information from offices under the executive branch. Subsequent issuances laid down exceptions to transparency and the administrative penalties for government officers who would not abide by these. Congress, LGUs not covered The … [Read more...] about Duterte’s FOI order leads to ‘unintended consequences’

With the onset of La Niña, we cannot just wait for legislation to solve our water problems. During his State of the Nation Address, President Marcos announced the creation of a Department of Water Resources as a key legislative measure. Since it is uncertain when Congress will act upon it, we must take action now. Water is a prerequisite for sustainable development. Last Sept. 7 during the general assembly of the Sustainable Development Solutions Network (SDSN), leadership council member Alyansa Agrikultura brought up the need for coordination among 32 water-related agencies in government. What went before? In 2018, a joint legislative-executive private sector committee was formed to address the water crisis. The Asian Development Bank (ADB) had placed the Philippines at the bottom third of 48 countries in terms of water governance. As the committee’s private sector secretary general, I followed the guidance of University of the Philippines Los Baños (UPLB) Water Center chair … [Read more...] about What the PH needs now to solve a water crisis

The Evergrande Center of China Evergrande Group is seen in Shanghai, China Sept 24, 2021. REUTERS/Aly Song HONG KONG  -China Evergrande Group’s debt restructuring proposal, a test of investor sentiment toward the battered property sector, failed to impress because of its long repayment period and lack of enough sweeteners, creditors and analysts said. Evergrande is the world’s most indebted developer with about $300 billion in liabilities. Its debt restructuring, the country’s biggest such exercise, is aimed at saving it from a disorderly collapse. The developer has $22.7 billion of offshore debt, all of which is deemed to be in default. The plan provided two main options to its dollar bondholders to recoup their investments. Creditors can either swap all of their holdings into new notes with maturities of 10 to 12 years, or convert them into different combinations of new notes with tenors of five to nine years and equity-linked instruments. Bondholders of notes issued by … [Read more...] about Evergrande debt revamp plan fails to cheer investors, property stocks fall

MANILA, Philippines  – Tycoon Edgar Saavedra’s Megawide Construction Corp. is rolling out a P1.5 -billion preferred share sale next week after pricing the initial dividend rate at 7.09 percent. In a stock exchange notice, the construction and engineering group said the offer period will run from March 28 to April 4 this year. The shares will be listed on April 17. Megawide is selling up to 15 million preferred shares at P100 per share. It tapped RCBC Capital Corp. as sole issue manager, lead underwriter and book runner for the offer. The company earlier said the offer proceeds would be used to fully redeem its series 2A preferred shares that were issued in 2020, according to the deal prospectus dated Jan. 5, 2023. These were being redeemed before the dividend rate increases due to a step-up feature that kicks in on May 27 this year. The company retains the option to redeem the series 5 shares in 2026 or three years from the listing date, an earlier prospectus showed. … [Read more...] about Megawide to start P1.5-B preferred share offering on March 28

People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S. REUTERS/Brendan McDermid/File photo LONDON  – New York kept the top spot in the latest rankings of global financial centers from Z/Yen Group on Thursday, with London and Singapore also unchanged in second and third place. New York overtook London to head the table in September 2018 — two years after Britain voted to leave the European Union — but London has retained its second place ranking since then, despite some predicting it could take a heavy knock from Brexit. “New York retains a significant first position, and five other U.S. centers are in the top 10,” Z/Yen chairman Michael Mainelli said in a statement. Finance industry officials worried about London’s global reputation as a financial center after the Bank of England had to step in last September to buy government bonds to stop a rout in prices. Markets had been unnerved by a government announcement of unfunded tax cuts. … [Read more...] about New York holds top spot, London second in Z/Yen financial center survey

Share to Twitter Share to Linkedin Professional gamblers wager millions on the NCAA Tournament using an auction-style format that brings out casual hoop dreamers and sophisticated quants. With brackets busted, it still pays to play the game within the game. N eal, a 36-year-old insurance broker who lives in Ohio with his wife and two children, is the proud owner of the University of Texas, University of Connecticut, Tennessee, Creighton and Florida Atlantic men’s basketball teams. His wife doesn’t know about his ownership stakes, but hopefully by the end of the NCAA Men’s Basketball tournament his $19,000 investment will turn into $50,000. And then, he’ll let her know. “Right now, we’re on a heater,” he says of the March Madness run his teams are on. “We’re still in the red on paper, but I hope that will change quickly with a few wins.” Neal doesn’t technically own any team, of course, but the amateur sports gambler “bought” these college … [Read more...] about Inside A High-Stakes March Madness Calcutta