Financial information system

Concerning the quarter ended 31 December 2020 sales performance, the Chairman and Chief Executive, Dr. Patrick Shui-Chung Wang, said, "The strong recovery in demand that we experienced during the second quarter continued in the third quarter -- with sales levels in both APG and IPG running well ahead of the third quarter in the prior year.  Although there remains some uncertainty as to how the upsurge in COVID-19 in many Western countries could impact business activity and consumer confidence, the Group is presently on track to deliver full-year total sales close to the level achieved in the prior financial year.  This would represent a very satisfactory achievement given the fact that such a large portion of Johnson Electric's operations was either shutdown or significantly constrained during the first two months of the current financial year." … [Read more...] about Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 2020/21

Jakarta (VNA) – President Director of Indonesia Financial Group (IFG) Robertus Billitea on January 10  said the group stands ready to support and compensate passengers on Srwiwijaya Air’s plane, which crashed into the sea on January 9 afternoon. The support will be made through PT Jasa Rahaja, IFG’s subsidiary, he said, adding the IFG is keeping close watch on the search for the plane and victims of the crash. Earlier, director general of PT Jasa Rahaja Budi Rahardjo said his staff are working to collect information of the passengers on board. The company is waiting for an official announcement from the Government before giving out a compensation level to relatives of the victims. The same day, Russian President Vladimir Putin extended message of sympathy to his Indonesian counterpart Joko Widodo over the accident, as well as sent condolences to families and friends of the victims. Malaysian Foreign Minister Hishamuddin Hussein expressed his sympathy to the … [Read more...] about Indonesia Financial Group stands ready to support plane crash victims

However, in addition to financial investment, there was a need for a system of technical staff because the technology was changing and all certificates required by customers are constantly updated. With large service providers such as VNPT and Viettel, the sustainability of service delivery infrastructure will be ensured, he added. … [Read more...] about Ensuring information security for cloud computing a key national goal

After intensive deliberations and consultations, the International Accounting Standards Board (IASB) ultimately responded to the G20’s call to action, and in 2014 published IFRS 9 as the new standard for accounting for financial instruments. The most significant innovation is the introduction of the expected credit loss (ECL) impairment model when recognising loss allowances, which aims to promote earlier recognition of credit risk. … [Read more...] about IFRS 9 for banks set to be the way forward

Hanoi (VNA) - Deputy Prime Minister Truong Hoa Binh has assigned the State Bank of Vietnam (SBV) to devise measures to control illegal financial transactions and tax evasion via illicit international payment gateways. He made the decision following a series of articles in the Lao Dong (Labour) newspaper on the fact that many international payment gateways like Paypal and Payoneer, which haven’t been licensed to provide intermediary payment services by the SBV, have become tools for illegal financial transactions, money laundering, and tax evasion. The Government Office said Binh has tasked the SBV with coordinating with the Ministry of Public Security and the Ministry of Information and Communications to examine the matter and quickly identify measures to control any illegalities. Published in December, the articles in Lao Dong described tactics used to avoid tax via international payment gateways, showing a major loophole in the management of international payments and … [Read more...] about SBV to take action against illegal transactions via int’l payment gateways