Balance of the Wirecard U Committee Is Scholz complicit?

Status: 06/22/2021 5:00 p.m.

The Wirecard committee of inquiry presented its report one year after the accounting scandal became known. But who is politically responsible remains open. The opposition and the Union accuse Finance Minister Scholz. For years the Wirecard Group has been highly praised – an innovative business model, a fantastic sales development, the hope in the Dax. And then almost two billion euros disappeared from the balance sheet practically overnight. “It is a criminal case,” says Matthias Hauer, chairman of the Union in the committee of inquiry. And after seven months of studying the files and questioning witnesses, it is clear that the Union is primarily responsible for the bankruptcy of billions: “Federal Finance Minister Olaf Scholz and the management of the Federal Ministry of Finance bear political responsibility for the Wirecard scandal,” said Hauer. They knowingly looked the other way when the rumors about irregularities in the Wirecard management made the rounds. Fabio de Masi from the Left puts it even more drastically: “This billions of dollars lie, this Wirecard illusion factory was only conceivable because they organized a political network to hide the fact that there wasn’t much substance under the covers. “ De Masi recalled the countless investors who would have lost a total of more than 20 billion euros in share assets due to the Wirecard bankruptcy.

Opposition demands political consequences

Florian Toncar from the FDP also thinks that someone from politics should have apologized to the injured party: “I think it is a major annoyance for many citizens that in the end there is no one in such scandals who will also stand up admits his own mistakes. ”

But back to Olaf Scholz. As a witness in the committee of inquiry, he had considerable gaps in memory, complained the spokesman for the Union and opposition parties. Lisa Paus from the Greens thinks that Olaf Scholz did not exactly recommend himself as a candidate for Chancellor: “I think that especially in these times Germany needs a leader who can also admit mistakes. And I think that is something that Olaf Scholz is not given. ” Kay Gottschalk from the AfD was the chairman of the committee of inquiry – Union and the other opposition factions attested to having carried out the office professionally and with colleagues. In the matter he also misses political consequences at a higher level. “A minister would have resigned 20 years ago. And that is a cultural change that we are experiencing here in Germany that I do not like,” said Gottschalk.

SPD defends Scholz

And the SPD? It takes its candidate for chancellor out of the political line of fire. The allegations against Scholz are just election campaign noise, says finance politician Cansel Kiziltepe: “Olaf Scholz bears no political responsibility for the Wirecard scandal. And the allegations that have been made have not been confirmed.”

On Friday there is still a Bundestag debate on the political assessment of the scandal – then the public prosecutor has the floor. She is investigating the former management of Wirecard for, among other things, embezzlement, falsification of accounts and fraud committed by gang. It is not yet possible to foresee when there will be criminal proceedings

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Scholz in the Wirecard scandal Political leadership from yesterday

Status: 22.06.2021 5:50 p.m.

Finance Minister Scholz bears political responsibility for the Wirecard scandal. An apology would be appropriate. Because of his antiquated understanding of political leadership, there won’t be.

A comment by Tobias Betz, ARD capital studio

After eight months of the committee of inquiry, the question of political responsibility remains. And that is a fundamental question of political culture. Because there is not a word of regret from the government. Let’s not kid ourselves: this is shameful, but the reality.

The finance minister is politically responsible

Let’s take a look at the situation: The Wirecard case is one of the biggest financial scandals in Germany. At least 24 billion euros in damage. Everything happened in front of the eyes of the responsible authorities, which did not do their job in any way and at any time. And that is why there is certainly someone who is politically responsible – and that is the Federal Minister of Finance in this financial scandal. But Olaf Scholz makes it easy for himself. Not responsible, not involved, more like an observer. He could very well have – and should have – intervened. Because the Ministry of Finance has the legal and technical supervision of the Bafin. This is the financial supervisory authority. And she made gross miscalculations; she even supported Wirecard at times, reported journalists who had clues.

Not ready for self-reflection

Mistakes have been made. And the Scholz Ministry is responsible for ensuring that the financial supervision process works. If it just doesn’t work, then Scholz, as a minister, could be the size and have the courage to admit that mistakes have happened here. Honest words of regret. Society doesn’t really ask that much, a “Mea Culpa!”, “My mistake!” Is often enough. But Scholz is apparently not ready for this kind of error culture, critical self-reflection.

Don’t make any mistakes, least of all admit none

Maybe he’s not ready to do so because of the election campaign. Just don’t make any mistakes, least of all admit any mistakes. Protect yourself, after all, he is a candidate for chancellor. Namely one who advertises to have a lot of government experience. But leadership doesn’t include ironing out and fending off everything. That is an understanding of political leadership from the past. Mistakes happen, people make mistakes and they are allowed to admit them. That would be honest and brave. But as a consequence, calls for resignation like those from the AfD are out of place.

The Chancellor apologized

That promotes this unspeakable error culture in politics. If every mistake immediately costs the post, then it is already clear that there can be no political Mea Culpa. Chancellor Angela Merkel once broke with this culture of mistakes. During the lockdown policy at Easter. She had to withdraw an overnight decision to introduce an additional public holiday. But she didn’t do that quietly and without comment. No, she stood in front of Parliament and apologized in public for it. Apparently this remains an exception. But the Chancellor has the format of a chancellor. Editorial note Comments generally reflect the opinion of the respective author and not that of the editors

Online optician Mister Spex wants to go public

Status: 14.06.2021 11:16 a.m.

The list of companies that want to go public on the Frankfurt Stock Exchange this year is getting longer and longer. Now the online optician Mister Spex is also planning to go out onto the floor to finance its expansion course. The Berlin online optician Mister Spex needs fresh money to finance its expansion plans abroad and wants to go public on the Frankfurt stock exchange by the end of September. The company would like to sell new shares from a capital increase as well as papers from existing shareholders and raise at least 225 million euros. It is Mister Spex’s second attempt to go public. There were already plans in 2018 to finance growth with the help of an IPO. Ultimately, however, the company managed to raise the necessary money through new financing rounds from private investors, so that the IPO was canceled. The shareholders include investors such as Goldman Sachs, DN Capital, Intershop founder Stephan Schambach and StudiVZ founder Ehssan Dariani. Global Growth Capital, a subsidiary of the Internet holding company Rocket Internet, also provided a loan.

Strong increase in sales

Founder and CEO Dirk Graber is quoted as saying: “The IPO is the next logical step for us to strengthen our position as a leading, fundamentally digitally oriented European omnichannel optical brand and to support our long-term growth strategy.” In fact, since its founding at the end of 2007, Mister Spex has succeeded in taking market share from the dominant optician chains in Germany, Fielmann and Apollo, and showing that buying glasses on the Internet can work just as well as in brick-and-mortar stores. Last year, the company increased its sales disproportionately to 164 million euros (plus 18 percent), while Fielmann’s revenues fell by six percent to 1.4 billion euros.

More than 40 own branches

At the European level, revenue in the eyewear market has even fallen by 13 percent. In the first quarter of 2021, Mister Spex is also reporting “sustained momentum” with sales growth of 27 percent compared to the first quarter of 2021. In addition, Mister Spex achieved a positive operating result of seven million euros last year. Despite the strong growth on the Internet, Mister Spex has opened more and more stationary branches in recent years. The company now operates 42 branches of its own in Germany, Austria and Sweden. The managing director Mirko Caspar told the “Handelsblatt” that in the long term half of the sales should be generated in the branches. The figures showed that the combination of online shop, own stores and 400 partner opticians enabled rapid and extensive growth.

Assets in Dubai Scholz can buy data on tax fraud

Status: 11.06.2021 5:57 p.m.

Finance Minister Scholz has initiated an explosive deal. An anonymous informant obtained data on thousands of Germans who own assets in Dubai. It is about uncovering tax fraud, said Scholz. Federal Finance Minister Olaf Scholz wants to intensify the fight against tax fraud. “At my instigation, the Federal Central Tax Office procured a CD containing tax-relevant data from the Emirate of Dubai,” he said in Berlin. These data would soon be evaluated by the federal states. It is about uncovering possible crimes such as tax fraud. “Tax evasion is not a trivial offense, but a criminal act.”

Exclusive 08/12/2020

Assets hidden from the tax authorities?

The “Spiegel” had first reported on the process. An anonymous informant offered the data. The purchase cost the Federal Central Tax Office around two million euros. According to the magazine, millions of taxpayers are said to be affected, including several thousand Germans who, among other things, have land and real estate in the Gulf emirate. The data provided insights into assets that were hidden from the tax authorities in Dubai, according to the ministry report. In addition to clearing up criminal offenses, the data also ensured that the tax authorities would have full access to cross-border transactions. This would avoid loss of income.

07/12/2019

Handover to the federal states next week

After the secret handover of the material, the data is now, according to the “Spiegel” report, at the Federal Central Tax Office in Bonn. Next week they should be sent to the tax authorities of the federal states so that they can examine aspects of criminal tax law and, if necessary, initiate investigations. So far, only federal states had bought tax data. The then North Rhine-Westphalian finance minister and today’s SPD leader Norbert Walter-Borjans bought several tax data CDs. He was NRW Minister of Finance from 2010 to 2017.

VinFast is building electric car charging stations The Ministry of Finance has just sent a document to the Ministry of Industry and Trade, the Ministry of Justice, the Ministry of Natural Resources and Environment and the Ministry of Transport, to respond to tax incentives for battery electric cars. Proposals for tax incentives only mention battery electric vehicles (BEVs). Currently, according to statistics, battery electric vehicles account for about 1% of electrified vehicles in Vietnam. Electric vehicles include many types of vehicles. In addition to gasoline-powered vehicles combined with electric energy (including HEV, PHEV) and Hydrogen-fueled cars (FCEV), there are currently BEV (pure electric) battery electric cars. Completely electrically charged from an external source. The two types of hybrid vehicles move mainly with internal combustion engines, in parallel taking advantage of the benefits of an electric powertrain consisting of an electric motor with a battery. FCEVs have an advantage over BEVs when the charging time is short, but the production of water makes hydrogen fuel-powered electric vehicles only suitable for island nations, arid areas, and unsuitable for urban areas. big. Meanwhile, BEV battery electric vehicles have a minimalist structure, run short distances, can consume electricity everywhere, have great advantages in urban areas. With three types of vehicles HEV, PHEV and FCEV all use gasoline and gas, so they have more impact on the environment than BEV models. Electric cars are becoming an advantageous choice to replace vehicles using internal combustion engines, especially battery electric cars (BEVs). Many countries around the world have had preferential policies and tax support to prioritize the development and production of battery electric vehicles. According to the Ministry of Finance, Vietnam has a number of preferential policies for electric vehicles. Accordingly, electric cars carrying passengers with less than 9 seats are entitled to the special consumption tax rate of 15% (ie 10% reduction compared to cars of the same type using fossil fuels; 10-16 seats are allowed to be used for cars of the same type using fossil fuels. tax rate of 10% (5% reduction compared to cars of the same type running on gasoline) and the tax rate of 16 to less than 24 seats is applied at the tax rate of 5% (5% reduction compared to cars of the same type running on petrol). At the same time, the Law on Special Consumption Tax No. 27/2008/QH12 also stipulates the special consumption tax rate for environmentally friendly vehicles. Specifically, vehicles running on gasoline combined with electric energy and bioenergy, in which the proportion of gasoline used does not exceed 70% of the energy used by the vehicle, is entitled to a tax rate of 70% for vehicles of the same capacity. species. For cars running on bio-energy, the special consumption tax rate is only 50% compared to cars of the same type. Meanwhile, about the current registration fee, there are only preferential rates for buses using clean energy while there is no policy applicable to other environmentally friendly vehicles. To encourage production and stimulate consumers to use BEVs, contributing to reducing the emissions released into the environment by vehicles, contributing to the protection of the ecological environment and based on the outstanding advantages of vehicles. BEV, the Ministry of Finance is planning to propose new incentives for this model. An electric vehicle charging station in Ho Chi Minh City Specifically, incentives related to excise tax fall under the jurisdiction of the National Assembly. Therefore, the National Assembly must amend the excise tax law. The Government has also assigned the Ministry of Finance to preside over the overall assessment of the implementation of the excise tax policy on automobiles in the past time to study and amend the excise tax law accordingly. Regarding the registration fee under the authority of the Government, when there is a need to change, it will amend and supplement Decree No. 14/20216/ND-CP on registration fee. The Ministry of Finance said that in the past time, it has also received recommendations from a number of associations on adjusting registration fee rates to remove difficulties for businesses. Therefore, the Ministry of Finance is also evaluating the overall policy on registration fees and is expected to submit it to the Government in October. The Ministry of Finance also asked agencies to propose specific content on special consumption tax incentives and registration fees related to battery electric vehicles to summarize and report to the Government. Battery-powered electric vehicles currently account for a very small percentage in Vietnam. According to data from the Vietnam Automobile Manufacturers Association (VAMA), the number of electrified vehicles registered in Vietnam is still very modest, accumulating just over 1,000 units by the end of 2020. of which BEVs only account for about 1%, the rest are HEV and PHEV models. According to the Ministry of Finance, currently only VinFast invests in producing electric vehicles, according to reports, VinFast has now launched the first battery-powered electric car model. The factory has a capacity of 250,000 vehicles per year and the brand is focusing on battery electric vehicles with 9 seats or less and electric buses with 24 seats or more. Also according to the Ministry of Finance’s assessment, the biggest obstacle facing Vietnam today is the lack of charging station infrastructure, the main source of power for power supply is using fuel sources with high CO2 emissions, accounting for nearly half of the total mobilized electricity output, while the electricity generated from renewable energy accounts for a small proportion, about 4.3% and this is considered an unstable power source.

Facebook icon. (Photo: AFP/VNA) According to Vietnam News Agency correspondent in Sydney, Facebook technology group has paid 20 million AUD (about 16 million USD). Sales tax in Australia in 2020. Figures from the Australian Securities and Investments Commission show that in the 2020 financial year, Facebook has weathered the worst effects of the COVID-19 pandemic; Accordingly, the total advertising revenue of this group in Australia is AUD 712.7 million (about USD 570 million), higher than the figure of AUD 674 million in 2019. However, Facebook paid A$559 million to an overseas subsidiary for “ad resale,” causing net income 2020 is only 155.3 million AUD, lower than 167.1 million AUD in 2019. Accordingly, the company’s pre-tax profit was AUD 37.9 million. With this profit, the company paid 20 million AUD, compared with 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company has pay income tax in Australia at more than 30% under local tax laws. While the two “tech giants” Facebook and Google both recorded growth in 2020 in Australia, many local media companies had to cut costs and in some cases had to cut jobs due to advertising revenue. reported a drop of up to 30%. Facebook is currently actively negotiating with several Australian media outlets about paying for their news content to appear on Facebook’s Newsfeed feature. So far, Facebook has officially signed a contract with two major media agencies, Seven West Media and News Corp, and according to some sources, Facebook will sign an official agreement with Nine Entertainment Co within the next 2 weeks. . Facebook is also negotiating with Guardian Australia and national broadcaster ABC.

Facebook logo at headquarters in Menlo Park, California, USA. Photo: AFP/VNA According to the Vietnam News Agency correspondent in Sydney, data from the Australian Securities and Investments Commission shows that in the 2020 financial year, Facebook has overcome the worst effects of the recession caused by the COVID-19 pandemic and made a profit. Total advertising revenue in “Kangaroo country” was AUD 712.7 million (equivalent to USD 570 million), up from AUD 674 million in 2019. However, Facebook paid $559 million to an overseas subsidiary for ad inventory-related content, bringing the company’s net revenue to just $155.3 million. As a result, Facebook’s pre-tax profit was AUD 37.9 million, and with this profit, the company paid AUD 20 million (USD 16 million) in taxes, compared with AUD 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company paid income tax in Australia at rates above 30% under local tax law. While tech giants Facebook and Google both recorded growth in 2020 in Australia, many local media outlets have had to cut costs and in some cases cut jobs due to business reasons. Advertising revenue dropped by 30%. Facebook is currently actively negotiating with several Australian media companies about paying for their news content to appear on the social network’s Newsfeed feature. So far, Facebook has officially signed contracts with two major media agencies, Seven West Media and News Corp, and according to some sources, will sign a formal agreement with Nine Entertainment Co within the next two weeks. Meanwhile, negotiations with Guardian Australia and national broadcaster ABC are still ongoing.

On May 21, G7 pledged to completely stop funding coal-fired power plants. On May 21, environment ministers from the Group of Top Industrialized Countries (G7) agreed to take concrete steps by the end of the year to stop government funding for coal-fired power plants as part of efforts to curb global warming. In a statement after the two-day video conference, the G7 environment ministers said: “(We) are committed to taking concrete steps towards an absolute end to the new direct government assistance. for international coal-fired power generation by the end of 2021, including through Official Development Assistance (ODA), export finance, investment, financial support and trade promotion” . However, the statement did not mention the possibility of phasing out coal-fired power generation, leading analysts to believe that the G7’s call would have little impact on global efforts to tackle the problem. climate change issue. The removal of government support for fossil fuel financing, which emits large amounts of greenhouse gases that warm the Earth, is seen as essential to limiting the growth of fossil fuels. global temperature increase at 1.5 degrees Celsius, above pre-industrial levels. (according to Kyodo)

A longtime shareholder of the bank did not hide his excitement when in just 1 year, SHB shares increased 4.5 times, from only 6,000 VND in early 2020 to nearly 28,000 VND today. Shareholders expressed their hope that in the future, stock prices will continue to rise to the Top 5 group of Vietnamese commercial banks. Chairman of the Board of Directors, Mr. Do Quang Hien, said: “In previous years, there were shareholders who were very concerned about how the Board of Directors was responsible for increasing stock prices. We only have a responsibility to do well, good governance for a healthy and transparent development of SHB, investors will analyze and evaluate the performance by themselves; Enterprise value will determine the value of the stock. The price increase of SHB shares also shows investment interest, affirming the value of SHB in the present and in the future ”. Vote Hien: Last year, shareholders were very concerned about the responsibility of the Board of Directors to raise the stock price At the 2021 annual shareholder meeting, SHB said that it would pay dividends for 2019 and 2020 in shares at the rate of 10% and 10.5%, respectively. At the same time, SHB wants to offer shares to existing shareholders at the price of 12,500 dong / share. If completing these plans, SHB’s chartered capital will increase sharply to over 26,600 billion dong. SHB offers 2 scenarios for profit plan for 2021. Scenario 1, in case the bank completes the issue of additional shares to the public in the third quarter of 2021, the additional capital used in business operations will contribute to increasing the bank’s profit, expected reached 6,128 billion, up 87% over the previous year. Scenario 2, SHB completes the public offering of shares in quarter 4/2021, profit plan is expected at VND 5,828 billion, up 78%. By the end of Q1 / 2021, the bank’s total assets reached more than 418 trillion dong, pre-tax profit reached 1,664 billion dong, more than doubling compared to the same period last year. Regarding the transfer to the listing, SHB has recently received an official letter from the Ho Chi Minh City Stock Exchange that SHB’s profile has met the conditions under the HOSE’s Securities Listing Regulation. Official trading of bank shares on HOSE will be done after the technology infrastructure issue is handled. In 2021, SHB will increase its capital to VND 26,674 billion, of which the first source will increase from the fact that SHB pays 10% dividends to shareholders in 2019, approved by the State Bank and the SSC. Expected implementation time is in May 2021. After completing the dividend payment, SHB’s chartered capital will increase to more than 19,260 billion dong. The second source is from the dividend payment of 2020 at the rate of 10.5%. After the meeting, the Bank will submit to the State Bank for approval this plan. The third source, the Bank will increase capital from the offering of shares to existing shareholders by the method of exercising rights at the ratio of 100: 28, the expected asking price of VND 12,500 / share – less than half of the current price. now on the stock market. SHB has currently selected 2-3 major partners for the divestment plan of SHB FC Consumer Finance Company. Expected to successfully divest this year. SHB will increase capital by 5,000 billion dong from issuing shares for foreign investors and foreign strategic investors. Shareholders also agreed to approve the transfer of SHB’s capital in SHB Laos and SHB Cambodia to other investors at the maximum rate assigned to SHB’s Board of Directors for decision.

After SF’s chairman Wang Wei apologized for the company’s losses, SF Holdings seemed to be turbulent.

On the evening of April 22, SF Holdings announced that in the first quarter of 2021, the company achieved revenue of 42.62 billion yuan, a year-on-year increase of 27.07%; a net profit loss of 989 million yuan, a profit of 907 million yuan in the same period last year, a year-on-year decrease of 209%. At the same time, SF Holdings stated that the board of directors has recently received a job transfer notice from Wu Weiting, the chief financial officer. Due to personal reasons, Wu Weiting has applied for resignation from the positions of member of the audit committee, chief financial officer and deputy general manager of the company’s board of directors from April 24, 2021.

SF Express said that before the company’s board of directors appoints a new financial officer, director Chen Fei temporarily assumed the duties of the company’s financial officer.

Earlier, at the 2020 annual general meeting of shareholders held by SF Holdings, SF’s chairman and general manager Wang Wei apologized to investors for the loss of the stock price and frankly had negligence in management. Similar problems will not occur a second time. As of the close of April 22, SF Holdings reported 63.18 yuan per share, with a market value of 287.876 billion yuan. The stock price fell nearly half from the February 18 high, and the market value had evaporated by more than 270 billion yuan.

In this regard, netizens said: What is the financial matter? Finance is too difficult.

MC Thu Huong when on air. Graduated from Foreign Trade University, Thu Huong can speak English fluently. From her student days, Thu Huong had the opportunity to be charming with the MC field when she was invited to host a beauty contest. Before returning to VTV in 2005, Thu Huong worked at Hanoi Television Station. Each lead the news stories of VTV Cab, Thu Huong then moved to host the news directly of 24h motion before moving on to the newsletter Business finance. In real life, Thu Huong is married and has 2 daughters. Spacious living room, designed in white, pink and beige colors. The corner of the room receives sunlight every day . This is where she and her little girl read and talk. MC Thu Huong spends a lot of time with her child learning the piano and enjoying the songs she has just learned. Her foreign language skills are quite good, so at home, besides communicating in Vietnamese, Thu Huong talks in English with her children. Therefore, the two children of Thu Huong family communicate very fluently in foreign languages. A picture of MC Thu Huong’s daughter on Tet holiday with a peach tree. On the piano put decorative flower vases and family photo frames. The entire interior is arranged by Thu Huong by himself. Thu Huong has dedicated a corner of the wall with pictures of family members. Female MC, born in 1983, is an avid reader and she also inspires her children to read books. In the house, Thu Huong displays a bookshelf with all genres, from politics, economics, children’s books, historical figures … The white vanity table, designed with many drawers, helps her to organize her furniture more neatly. Small kitchen corner for a cozy meal. Thu Huong shared that on weekends, her family likes to gather around the tray at home, rarely go out to eat. Her husband is also a cook. On occasions of memories, he often goes to the kitchen to show his talent and cook the dishes his wife and children like to eat. Thu Huong confided, she likes to hang photos of family members because every time she has a sad or stuck, just looking at it, she has the motivation to move forward and overcome all storms. MC Thu Huong prepares dinner with her two daughters Quynh Nga
Photo, clip: Hoang Duong

Financial information is one of the indispensable factors in investment and business decisions. In particular, on the stock market, information is a sensitive factor that directly affects investment decisions.

Accordingly, the cooperation between SSC and VACPA is practical to improve the quality of financial information on the stock market, and the effectiveness of securities market management and supervision by regulators, to promote the profession. Accounting and auditing industry in Vietnam develops.

SSC and VACPA will cooperate in 4 contents including information exchange, quality control, training activities, seminars and suggestions to develop legal documents / professional documents compiled by the two sides.

In particular, with quality control activities, the Committee provides information on quality control results and errors in audit records with VACPA for the two sides to jointly organize dialogues / exchanges. /training.

When requested by the Committee, VACPA assigns staff to inspect and evaluate audited financial statements as well as audit records of auditors in the regular oversight activities of the Committee.

Mr. Tran Van Dung, Chairman of the State Securities Commission, said that, besides stocks, will cooperate with VACPA in both derivative market, new products and corporate bonds in the near future. . The cooperation will help ensure the quality of commodity control work in the financial markets.

Sharing the same point of view, Mr. Pham Sy Danh, Chairman of VACPA shared, with the sustainable development of the stock market, the role of information transparency, as well as the activities of auditors and independent auditors. is very important.

“Three important factors that investors need when entering the market are the public company’s transparency, the Securities Commission’s control and the transparency of the independent auditor,” said Danh.

Illustration.

These objects not only show the complete and respectful owner, but also symbolize prosperity, full of wealth and long-term prosperity.

Phung Phuong Feng Shui will help homeowners place the altar of the God of Fortune properly with the above items!

Salt

Since ancient times, salt has been a precious asset, symbolizing a pure, strong will and carrying within itself the meaning of saltyness.

Place the salt jar in the middle of the rice jar and wine jar on the Than Tai altar to wish for a passionate, full and prosperous love life.

Rice

Considered “the pearl of heaven”, is the main source of food to feed people, moreover it also implies pristine purity.

Ordering rice jars is a way of expressing deep gratitude to the Gods who have given us a wet rice civilization and yearn for a full and prosperous life.

Alcohol

Wine is the drink of the gods, the wine is hot, natural, so it will be placed on the left hand side, along with the God of Fortune in the direction of the altar.

Tray of 5 cups of water

The tray of 5 cups of water represents Ngu Phuong Ngu Tho Long Than. If salt, rice and wine are placed behind the incense bowl, a tray of 5 cups of water must be placed in front of the bowl of incense with the meaning of Minh Duong condensed.

But according to the feng-shui concept of “Son of management, Thuy Thuy fortune”, placing water in front will help accumulate wealth for homeowners.

In addition to the necessary items above, you should sometimes add items to gather talent and close talent to bestow more prosperity and attract strong fortune.

* Information in the article is for reference and contemplative purposes.

Pha Lai Thermal Power: Q1 profit slightly increased to VND138 billion despite a 51% decline in revenue.

Revenue in the first quarter of Pha Lai Thermal Power reached more than VND 1,078 billion, down 51% compared to the same period in 2020. Subtracting more than VND 1,048 billion of COGS, Pha Lai Thermal Power earned only nearly 30 billion VND of gross profit, while the first quarter of 2020 recorded more than 168 billion dong.

Pha Lai Thermal Power’s gross profit margin fell sharply to 2.77%, 4.77 percentage points difference over the same period in 2020.

The Pha Lai Thermal Power side said that the power output produced in the first quarter of the year reached 849.66 million kWh, 891 million kWh lower than in the first quarter of 2020, making low revenue from electricity sales and profit from power generation. also affected decrease.

Notably, the company’s financial activities recorded a sudden increase in revenue to more than 119 billion dong, nearly 5.8 times higher than the first quarter financial revenue of 2020. Thanks to that, the profit earned from this activity is also 5 times higher than the same period to over 97 billion dong.

According to Pha Lai Thermal Power, in the first 3 months of 2021, this company has received 97 billion dong of dividend from Hai Phong Thermal Power Joint Stock Company. It is known that Hai Phong Thermal Power in the first quarter has paid 2 dividends in 2020 to shareholders with a total rate of 10%.

This company also plans to submit to the annual shareholders’ meeting in 2021 to pay additional dividends in 2020 at the rate of 14.25%, increasing the total profit distribution rate in 2020 to 24.25%. If the shareholder meeting of Hai Phong Thermal Power approves this content, in the coming time, Pha Lai Thermal Power will continue to record positive signals from financial activities.

Closing the first quarter, Pha Lai Thermal Power reached VND 138 billion in profit after tax, a slight increase of 2% over the same period in 2020.

In 2021, Pha Lai Thermal Power Board plans to submit to the AGM a business plan going backwards with revenue down 32%, pre-tax profit down 66%, standing at VND 5,658 billion and VND 415 billion respectively.

Dividend rate in 2020 submitted to the meeting is 59%, of which the company has paid in advance 481 billion dong, equivalent to 15%.

With the results achieved in the first quarter, Pha Lai Thermal Power has completed 19% of the revenue plan and more than 35% of the profit plan.

As of March 31, 2021, the company’s total assets reached more than VND 6,715 billion, down 7% compared to the end of 2020. In which, cash and cash equivalents decreased sharply by more than 66% to 92 billion VND. . Short-term receivables from customers also decreased by 35% to more than 975 billion.

Total liabilities at the end of the first quarter of 2021 reached VND 478 billion, a decrease of over 36% compared to the end of 2020, of which the decrease was mainly in short-term payables to sellers.

At the 11th session of the 14th National Assembly, under the direction of Vice Chairman of the National Assembly Do Ba Ty, the National Assembly discussed in the hall about the working report for the 2016-2021 term of the State Audit. One of the contents that receive the attention of the National Assembly deputies is that the auditing agency must request audited units who have been identified with financial handling violations to have a clear explanation and must strictly comply with the recommendations of the State Auditor.

Delegate Hoang Van Cuong- Hanoi National Assembly delegation expressed his opinion.

Delegate Hoang Van Cuong – Delegation of the National Assembly of Hanoi, pointed out that there is a current situation that sometimes auditing agencies find it difficult to access documents of audited units. Many audited agencies deliberately extended the audit time, making the auditing agency not have enough documents and evidence to consider wrongdoing.

In order to limit the above shortcomings, delegate Hoang Van Cuong stated: If auditing agencies apply electronic data, deliberately prolonging the audit time of agencies and units will no longer happen. again. The application of electronic data will create truly objective information, regardless of the subjective factors of the supplier, as well as the individual auditors. To do this, the State Auditor must accelerate the process of transforming the number of countries. In addition, must increase the use of information technology in auditing. The Audit Law also allows auditors to access and exploit electronic data. Therefore, the auditing agency needs to actively implement this job, in order to reduce costs in terms of costs, and at the same time save time when performing the tasks.

Delegate Nguyen Truong Giang – Delegation of the National Assembly of Dac Nong province, suggesting the audited units have been pointed out violations of financial handling but do not have to have a clear explanation of why. not implementing audit recommendations and strictly implementing recommendations of the State Auditor. This is a mandatory regulation that has been included in the law to enact but if the unit does not implement it means that the executive discipline of the agency is problematic.

Delegate Nguyen Truong Giang said that in the next term, the annual report of the auditor should clearly state the recommendations for each specific unit to report to the National Assembly Standing Committee, report to National Assembly, to have solutions to strictly comply with the provisions of the Law on State Audit.

Representative Quach The Tan – National Assembly delegation of Hoa Binh province contributed ideas.

And delegate Quach The Tan – The National Assembly delegation of Hoa Binh province asked the Government, government agencies, local agencies to strictly implement the recommendations of the State Audit. At the same time, handling the liability of collective and individual wrongdoers in the management and use of public finance and public property; That is to tighten discipline, efficiently use the country’s resources.

In addition to the implementation of the approved annual audit plan, according to the assignment, at the request of the National Assembly, as well as at the request of the Government and ministries, branches as well as localities, the State Audit also performed a number of thematic audits. For example, topics, BT, BOT projects, or the efficiency of ODA projects, the management and use of land after the equitization of enterprises …

Delegate Quach The Tan wished that in the coming time, the State Auditor would continue to better manage the issue of land use and management. This is a huge resource of the country, but there are still many shortcomings and violations. Therefore, it is suggested that the State Audit promote the achievements achieved in the management and use of land; at the same time offering more effective solutions in the coming time.

Deputy Chairman of the National Assembly Do Ba Ty concluding speech at the session.

Speaking at the conclusion of the session, Deputy Chairman of the National Assembly Do Ba Ty emphasized that, basically, the National Assembly members agreed with many contents of the State Audit and the inspection report of the Finance Committee. The budget will recognize and appreciate the results achieved in the 2016-2021 term; agreed on the shortcomings and limitations in the past term as well as the direction in the coming term of the State Audit Office. The achievements of the State Audit have contributed to the effective management of public finances and assets as well as actively contributed to the prevention of corruption and waste.

However, according to Deputy Chairman of the National Assembly Do Ba Ty, along with the achieved results, the State Auditor also needs to overcome the shortcomings and limitations in the past time mentioned in the reports and comments. The opinions of National Assembly deputies stated, along with that, it is necessary to develop solutions to continue developing the State Audit to meet the requirements and tasks in the new period./.