Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Uber’s I.P.O. Gets Off to a Modest Start Advertisement DealBook Supported by May 10, 2019 Good Friday morning. (Was this email forwarded to you? Sign up here .) Uber’s I.P.O. values it at $82.4 billion The biggest public offering from Silicon Valley in years turned out less impressive than some expected, Michael de la Merced and Kate Conger of the NYT write. Uber was valued at $82.4 billion after pricing its shares yesterday at $45, near the bottom of its expected price range. The offering raised $8.1 billion and the shares start trading on the N.Y.S.E. this morning under the symbol UBER. Investors will be disappointed. While the I.P.O. is the third-largest ever to hit U.S. markets, after only Alibaba and Facebook, its valuation was below the $100 billion that Uber had … [Read more...] about DealBook Briefing: Uber’s I.P.O. Gets Off to a Modest Start
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HCMC taxman looks to prop up e-invoice use Market surveillance officers check paper invoices at a store. A Government decree aims to make e-invoices compulsory for all enterprises from November 2020 Business households in HCMC might be forced to categorize taxable and nontaxable items sold in their stores to facilitate the use of e-invoices, according to a planned proposal from the municipal taxman. Last year, the Government issued Decree 119/2018 on the use of electronic invoices for sale of goods and services, which took effect on November 2018. The decree aims to make e-invoices compulsory for all enterprises from November 2020. Business households involved in the agriculture, forestry, fishery, industry and construction sectors employing more than 10 laborers and earning annual revenue of over VND3 billion in the preceding year must use e-invoices with verification codes. In the trade and services sectors, if business households have annual revenue of over VND10 billion, … [Read more...] about BUSINESS NEWS IN BRIEF 20/2
27 most popular Vietnamese trademarks in 2019 announced Representatives from most popular Vietnamese trademarks in 2019 receive their awards at the event The Sai Gon Giai Phong (Liberated Sai Gon) newspaper hosted a ceremony in Ho Chi Minh City on January 26 to honour 27 most popular Vietnamese brand names in 2019 selected by its readers. The awarded firms operate in various fields – services, tourism, trading, and real estate, including food producers Vissan, Nutifood, and Vinh Thanh Dat, supermarkets Co.opmart and Big C, tour operators Saigontourist and Ben Thanh tourist, and Vietnam Airlines. Meanwhile, 18 brand names that have won the award for many consecutive years received the “Golden Brand Name” prize. Nguyen Tan Phong, the newspaper’s editor-in-chief, said the voting has been conducted under transparent and strict standards Le Thanh Liem, deputy chairman of the HCM City People’s Committee, said the local authorities always value the … [Read more...] about BUSINESS NEWS IN BRIEF 27/1
Rick Kelleher is a big, white-haired, crisply presented man who looks very much the way you’d expect a Boston Irish power broker to look. If you found yourself sitting next to him on a plane, you might notice how he kept the conversation flowing naturally and emphasized his points with the physicality of a great salesman, dramatically raising his eyebrows and cocking his head. On this morning, Kelleher is seated at a back table in the lobby restaurant of the elegant Boston Harbor Hotel, where the server knows exactly how he likes his house-smoked salmon. He carries himself as if he owns the place, and, in a way, he does. Related Links New England’s smallest colleges are struggling Former Mount Ida students sue, accusing college leaders of fraud The college debt crisis is even worse than you think Sitting across the table is a man who is also in his late 60s but who cuts a very different figure. Kumble Subbaswamy — unassuming, of slight build, with … [Read more...] about ‘ZooMass’ no more. Is turning UMass Amherst into an elite university needed?
Experts want to reduce number of export inspections Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises. Speaking at a seminar held in Ho Chi Minh on December 20, Tran Ngoc Liem, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) HCM City, said that overlapping inspection procedures were causing problems for enterprises. The General Department of Vietnam Customs said that procedures accounted for up to 50 percent of customs clearance time. Many shipments have been inspected, but still have not been cleared, it said. Even after three months, State agencies are still conducting inspection checks. Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said the proportion of imports and exports subject to specialised inspections at customs clearance was up to 30-35 percent and would be reduced to 15 percent under a … [Read more...] about BUSINESS NEWS IN BRIEF 22/12