Monthly Archives: September 2018

Chinese pe fund for asean under way

Chinese pe fund for asean under way

China’s private equity (PE) fund of $10 billion for Southeast Asian countries has completed its first round of fundraising worth $1 billion and it expects its maiden project in infrastructure to take place by the end of this year.

“The fund’s preparatory work has been done and we have already started looking at a batch of projects mainly in infrastructure and joint economic projects between China and members of the Association of Southeast Asian Nations (ASEAN),” said Zhu Hongjie, vice-president of the Export-Import Bank of China (Exim Bank), at a forum on the sidelines of the seventh China-ASEAN Business & Investment Summit.

Exim Bank and the nation’s sovereign-wealth fund, China Investment Bank, jointly launched in April 2009 the government-backed PE fund, in which each party invested $300 million. The policy bank owns 52 percent of the fund management joint venture.

Zhu expects the fund’s first project in infrastructure, which is among the key investment areas for the fund, to materialize before the end of 2010.

The fund is set to provide $50 million to $150 million of capital per project and only acts as the equity or quasi-equity investor, said Lu Yueping, deputy general manager of Exim Bank’s special financing department.

The first $1 billion-fund, which was collected from major institutional investors, completed its fundraising and started operations as early as this March, Lu said.

ASEAN’s infrastructure investment market has gradually opened up and provided abundant opportunities for Chinese investors. It will help boost economic integration between China and the region, said Wang Shengwen, deputy director-general of the department of outward investment and economic cooperation under China’s Ministry of Commerce.

The sales volume of Chinese firms’ overseas contracting projects that involved communications, railways and harbor construction in ASEAN countries in the first seven months of 2010 was up 23 percent to $6.4 billion from the previous year, Wang said.

Lu said the fund also targets projects in the energy and natural resources sectors, as China’s demand for these remains large with the nation on track for rapid growth.

“We will start the second phase of fundraising when 70 percent of the first phase is used up We welcome institutions from other countries to join in the raising of these funds,” said Lu, who refused to disclose the size of the second round of funding and when it will take place.

China and ASEAN have deepened their economic ties after their free trade agreement took effect in January.

Bilateral trade jumped to $211.3 billion in the first three quarters, up 44 percent from a year earlier.

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Dealing With The Insurance Adjuster After Water Damage

Dealing With The Insurance Adjuster After Water Damage

A water damage event his hit your home, and one of the first things you should do is to check your insurance policy or call your insurance agent and determine if your damage is covered. Even though you may be faced with plenty of damage and the beginning of mold, all homeowners policies dont automatically cover all types of water damage.

Once you understand what your policy covers, then you can quickly begin to remediate the damage to your property and begin to get the information to file a claim assuming you know what will be covered, according to the web site insure.com.

First and foremost, as some residents of New Orleans and the Mississippi Gulf Coast learned during Hurricane Katrina in 2005, a flood is not covered by homeowners insurance. Floods are only covered by flood insurance thats issued by the National Flood Insurance Program and cant be bought through nearly any insurance company.

Heres the kicker, though. Flood insurance policies have a ceiling not shared by homeowners insurance, and a separate level for contents that many people dont bother to adjust to their situations. So many homeowners in New Orleans wanted their homeowners insurance to handle the situation, because it provided more coverage.
Water damage from a leaking room is covered by most homeowners insurance, though the damage to the roof is not. Thats because of the generally accepted principle that anything related to maintenance falls to the homeowners. Roofs need to be properly maintained so the roof damage is not allowed.

Likewise, water from an appliance overflowing or pipes freezing and bursting, are both covered. Again, insurance companies general cover water damage if it was a sudden, catastrophic event, and not, as insure.com explains, a gradual wear and tear over time that proper maintenance could have avoided.

And two final areas of water damage: Seepages from the ground into the basement and sewer backup. Neither of these are covered by homeowners insurance. Seepage clearly is a gradual event that can be diagnosed and corrected before any significant damage results. Sewer backup is something that many insurance policies around the country specifically exclude.

So, now you know whether your own water event is covered by homeowners, flood insurance or has to be repaired out of pocket. And you are ready to take the next step – which is to document the damage and get an adjuster to your house as soon as possible to begin the process of submitting an insurance claim.

When To Seek Professional Help With Financial Problems In Canada

When To Seek Professional Help With Financial Problems In Canada

Seeking professional help due to financial problems is a typical experience that most people have to face at least once in their lives. The most important thing when in financial trouble is to be able to recognize the signs and seek assistance from a professional to help get you out of financial danger. In a situation like this it requires you to take action to seek help in order to help yourself. It is also crucial to recognize that what is dangerous for one person may not be for another and may just be a bad month.

In Canada there are four financial signs to warn you that you may be in a financially dangerous spot. The first sign is if you have failed to make one or more payments on a mortgage or loan you may be in financial danger. Keep in mind one late payment over a course of a long period is not the same as repetitive failing to make payments. The second sign of financial danger is if your credit cards are constantly at their limit and unable to be used. The third sign is if you are paying bills by taking credit card cash advantages you may be in financial danger. This is a big one because by doing this you are allowing yourself to pay off debt with debt which just repeats the cycle. The fourth sign is if your creditors have passed your account to a collection agency or if you have received notice of legal action being taken. At that point you are experiencing financial danger and it is important that you are aware of this and take action to receive help.

It is in such a place like the one above where you need to decide to take action and either seek professional help or learn techniques to keep your bank balanced so that you are not missing payments. It is important to recognize that every situation is individualized, and being late on a payment is a lot different than already receiving a legal notice of action against you. Another thing to keep in mind is that sometimes things in life are beyond our control and you may not have a say in the way things happen. These can be things such as losing your job, experiencing a death or divorce.

Overall, financial problems come in many different shapes and sizes and it is important to be aware of your financial problems and face them square on so that it reduces the risk of having trouble later on.

How to Select a Financial Planner

How to Select a Financial Planner

In these financially unsettling times, wouldnt it be nice to know you can still send your children to college, retire at 65 and be able to mail postcards from exotic locations to your future grandchildren? Its not only possible, its probable when your finances are in the right hands. While you may be skilled at handling certain money matters, chances are you dont even realize youre inept at others. To be safe, it might be time you considered the benefits of personal financial planners. Even if you feel you can perform several of the functions of a financial planner yourself, putting them all together into a cohesive strategy that produces solid, long-term returns is no easy feat. A financial planner can make that happen. When considering how to choose a financial advisor, youll want to sit down and really evaluate your needs. This depends, at least in part, on your stage in life, your goals and what you expect to receive in return. Are you a new college graduate with $50,000 in debt, $30,000 in income with a brand-new 401(k)? Or are you a 60-year-old trying to prepare for retirement? Once you figure out what youre looking for, its easier to determine how much help you need and where to look. How to Choose a Financial Planner Financial planners deal with everything from estate and tax planning to insurance and debt management to college savings and retirement funds. When figuring out how to find a financial planner, make sure to look for one who has experience working with others in situations similar to yours. As with any professional service, youll want to start by asking for suggestions from people whose judgment you trust. Ask acquaintances who have needs similar to yours, since a planner focused on the needs of young families may not be a good choice for recent retirees. Questions to Ask a Financial Planner Before selecting a financial advisor, youll want to do your research. Ask the following questions (created by the National Association of Personal Financial Advisors) to ensure they have the expertise and qualifications necessary to guarantee reliable service, and that they are the right fit for your particular situation: What is your educational background? College Degree: Graduate Degree:

What are your financial planning credentials/ designations and affiliations? NAPFA-Registered Financial Advisor Certified Financial Planner (CFP) Chartered Financial Consultant (ChFC) Certified Public Accountant/Personal Financial Specialist (CPA/PFS)

How long have you been offering financial planning services?

Do you have clients who might be willing to speak with me about your services?

Will you provide me with references from other professionals?

Have you ever been cited by a professional or regulatory governing body for disciplinary reasons?

What more can you tell me about your experience in providing financial planning services?

How many clients do you work with?

Are you currently engaged in any other business, either as a sole proprietor, partner, officer, employee, trustee, agent or otherwise?

Medical Record Review For Private Corporations

Medical Record Review For Private Corporations

Private corporations often require medical record review service in relation to cases such as Workers Compensation settlements. The various medical details have to be carefully studied and organized so that there is a clear view of the case. The medical review process has to be accurate, with no room for error. To benefit from flawless and unbiased medical review services, private corporations can depend on established medical review firms. When choosing a reliable provider, the important aspects to look for are cost-effectiveness and timeliness.

What the Medical Review Process Involves

The medical review process is carried out in clear-cut steps:

Medical record organization the various medical records pertaining to a case are sorted and indexed. They are analyzed to understand the important details, and classified appropriately. The information is reviewed for completeness, compliance and accuracy.
Medical record history and summary these are prepared after a detailed evaluation of the medical records. They contain vital information specific to claimant problems.
Medical case chronology this comprises a clear timeline detailing the sequence of medical events.

The medical records are scrutinized in such detail that any missing records are easily identified. The review team would take the necessary steps to get those records as well.

Profile of an Ideal Medical Review Company

Outsourcing medical record review to just any medical review firm will not help. You need to be aware of the various features that are the hallmarks of a company you can trust with your sensitive healthcare data.

The company has to be a professional and experienced one, with many satisfied clients to its credit.
It should have the right, qualified and experienced workforce that can successfully complete the medical data abstraction. The workforce should ideally include physicians, nurses and documentation specialists with the capability to handle any major medical specialty.
The ideal medical review company will have a proven project management process.
It will also have the latest in technology, and will lay extra emphasis on quality.
Competitive pricing for services provided, with assured cost savings for clients.
An excellent QA process that will ensure quality as well as remarkable accuracy.
Customized turnaround time in keeping with client requirements.
HIPAA compliance to ensure confidentiality of patient records.

Customized Medical Review Services

A dependable medical record review company will strive to provide customized services that are developed in close association with clients. This is to enable the provider to understand the specific requirement of the clients and offer appropriate solutions. Advanced medical reviews that clearly lay out the required information will help private corporations to accurately and quickly settle cases.

Should I Pay Myself Salary Or Dividends From My Corporation

Should I Pay Myself Salary Or Dividends From My Corporation

Should I pay myself salary or dividends from my corporation as a business owner?
By Accountant Mississauga

Should I pay myself salary or dividends from my corporation?

This is a very common question that I encounter in my accounting practice in Mississauga, and the answer can make a big difference in your bottom line.

Advantages of Salary – Should I pay myself salary or dividends from my corporation – Accountant Mississauga

Should I pay myself salary or dividends from my corporation? To answer this question, you should look at the advantages and disadvantages of each.

The advantages of paying yourself a salary from your corporation are:

Salary is treated as earned income for RRSP purposes. This means that salary increases your RRSP room.
Salary is provable income for financing purposes. If you are planning on applying for a line of credit or a mortgage, then paying yourself a salary will help you qualify.
Salary is subject to Canada Pension Plan (CPP) premiums. By paying into the Canada Pension Plan your entitlement to CPP will increase.

Disadvantages of Salary

The disadvantages of paying yourself salary from your corporation are:

Paying salary is administratively cumbersome. You may have to hire an accountant in Mississauga to manage payroll remittances to the Canada Revenue Agency, preparation of T4 slips, calculation of source deductions, etc.
Salary is subject to CPP premiums at a rate of 9.9 cents for every $1 of salary. This can be expensive.

Advantages of Dividends – Should I pay myself salary or dividends from my corporation – Accountant Mississauga

The advantages of paying yourself a dividend from your corporation are:

Dividends are taxed at a lower rate than salary. In fact, the first $40,000 of dividends can be received completely tax-free.
Dividends are not subject to CPP premiums, which can add up to big savings.
Dividends are administratively simple. You do not have the burden that you do with payroll. To pay yourself a dividend, you simply write a cheque to yourself from your corporation.

In order to pay dividends, your articles of incorporation must allow for dividends to be paid. I recommend having your articles of incorporation reviewed by a business lawyer or Accountant in Mississauga.

Additionally, at the end of each year, a business lawyer should update your corporations minute books and prepare a directors resolution for the dividends paid.

Conclusion

Now that you know the advantages and disadvantages of dividends and salary, you should consult with an accountant in Mississauga to determine which one best fits your circumstances.

Get Expert Economics Assignment Help For Enhanced Understanding

Get Expert Economics Assignment Help For Enhanced Understanding

Economics is the leading subject in the present curriculum of the school and college. It is the branch of the social science that includes composite study of production of goods and other utilities within the defined geographical boundaries of the country and worldwide. Here, we also take into consideration various distribution and assorted consumption of the products all over the country.

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There are three economic sectors in the field of economics

Primary Sector- This is the prime and main feature of the sector. It comprises of coal mining, iron and steel sectors.

Secondary Sector- It is also a most sustaining and vital sector of our economy together with manufacturing and infrastructure.

Tertiary or Service Sector- In this sector of economy, the services like banking, insurance and most popular hospitality are taken into account.

Economics is the study of the total value of the goods and services produced in the various sectors of the country. Here, proper calculation is done so that all the culmination of the verticals is done with ease. These data and information also helps in determining the National Income the total value of goods and services produced in all these sectors are calculated.

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Microeconomics The field of Microeconomics, it consists of composite study and detail of the agents and process like firms, buyers, sellers and market. That enables them to reach equilibrium.

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Luxury Travel Ltd Embraces Asean Countries with Niche Products at ITB ASIA in Singapore

Luxury Travel Ltd Embraces Asean Countries with Niche Products at ITB ASIA in Singapore

VIETNAM is an emerging Mice destination in South East Asia and showcasing the country’s offerings at ITB Asia 2012 will be Luxury Travel Ltd. (Stand R1730)

Hanoi, Vietnam, October 12, 2012 – The company specialises in planning and organising incentive trips and has been one of the leading Mice destination firms in Vietnam for more than seven years.

Hung Nguyen, the company’s Mice department manager said Vietnam has something for everyone in cities like Hanoi, Ho Chi Minh City and the centre in areas such as Hue, Danang and Hoian.

-Luxury Travel is the first travel company in Vietnam specialising in luxury, leisure, and incentive holidays. We have first-hand knowledge in Mice and excellent relations with suppliers in the Mice industry for whatever event or incentive holiday travellers want. Name it and we make it happen,- said founder and CEO Pham Ha.

The company promotes Vietnam as a preferred new destination for both domestic and international Mice travel but can arrange successful Mice trips to Cambodia, Laos, Myanmar and Thailand.

-We will also promote its leisure luxury short trips at this year’s show. Asean countries are our great markets, with direct convenient flights, no visa. They have purchasing powers. Today’s luxury travellers want to be entertained and stimulated, rather than simply pampered. They want off-the-beaten-track experiences; crave efficient and seamless travel and value for money. They are also interested in short trips, family travel, a bit of adventure, local culture and authentic experiences. Our leisure travel programmes to show at ITB Asia are designed to catch this trend.- said Ha.

Vietnam’s first luxury tour operator/DMC (www.luxurytravelvietnam.com) is based in Hanoi, with offices throughout Vietnam, Cambodia, Laos, Myanmar and Thailand. Luxury Travel is exceptional at designing tailor-made tours and providing unique travel experiences. Opened in 2004, the Luxury Travel Company Limited has its own offices, luxury vehicles, luxury travel advisors, and representative offices in California, London,Paris, and Sydney. The company’s depth of experience and large infrastructure enable it to create unique itineraries with the operational confidence to fulfill client expectations. Luxury Travel Ltd. has won numerous travel awards for excellent performance including the most recent -The Years’ Best- of the Guide Awards in 2012. www.facebook.com/luxurytravelcompany

Contact: David Nguyen Sales and Marketing Manager Luxury Travel Group Ltd 05 Nguyen Truong To Str., Ba Dinh Dist, Hanoi 84444 Vietnam 84439274120

Disaster Recovery Planning For Corporations

Disaster Recovery Planning For Corporations

Disaster recovery planning for corporations is an essential piece of any successful large business operation. The energy and growth put into a corporation is immense, and it’s important to protect this investment and its resources. Large numbers of clients and customers depend on you, as do your employees, and a proper IT continuity plan can keep you safe as you continue to grow.

IT Considerations for Corporations

Corporations tend to be larger businesses, a size which has its pros and cons. The positive side is that they tend to have a good deal of cash and resources to get them through lean times, as well as an extensive management team with the skills to persevere in times of adversity. The downside is that because of these resources and skill sets, they can get overconfident and not properly think through their recovery plan. They also have to make those resources stretch farther to meet the greater needs of a corporation. It’s not enough to have the ability to withstand disaster. Mitigating it and getting up and running as soon as possible are what save your bottom line.

While your corporation may have a disaster recovery plan in place, one thing that is rarely discussed is having a power backup. In the event of a natural disaster, you could be without power for days, which will utterly shut your business down. No matter how well you have planned for data recovery and for reinstalling critical software, if you have no power, you have no computers. Your network is vital to running your business, so having a separate power source that can generate electricity to run your systems is a great idea. All you have to do is make sure it’s maintained and ready to go, and it will be there when you need it.

In a large business, small changes can have a larger impact on the company for the money than in a small business. A tweak of security here and there or a review of network protocol by experienced IT consultants is a minimal cost to a large business. All the same, this small investment can reap great rewards for a large corporation. A corporation’s disaster recovery planning needs are extensive and intricate, and a team of security professionals are the people best equipped to handle it.

Disaster recovery planning for corporations is a large undertaking because the risks and rewards are also so great. Their sheer size requires an extensive plan, even though they often have the resources to survive if business is shut down in the short term. All the same, getting back up and running is best for the corporation as a whole, and proper planning, security experts, and a simple backup generator can help make this happen.

APEC Summit Ends with Pledge to Conclude Doha Round of Trade Talks

APEC Summit Ends with Pledge to Conclude Doha Round of Trade Talks

US President Barack Obama (C) stands with other APEC leaders for group photo following their evening dinner in Singapore, 14 Nov 2009009

Asia-Pacific leaders ended their summit in Singapore Sunday with a final statement that pledged a conclusion of the Doha Round of global trade talks in 2010, but removed targets for carbon emissions cuts.

The 21-member Asia-Pacific Economic Cooperation summit dropped a target to cut greenhouse gas emissions in half by 2050, despite declaring climate change one of the biggest global challenges.

The APEC leaders also rejected all forms of protectionism and said they would commit to concluding the Doha Round of trade talks next year. The talks have been deadlocked over disagreements between developing and developed nations on cutting farm subsidies and tariffs.

The declaration Sunday also said the 21 member economies will maintain stimulus policies until a durable global economic recovery has clearly taken hold.

Obama Meets MedvedevU.S. President Barack Obama meets with Russian President Dmitri Medvedev Sunday on the sidelines of the APEC forum. The two plan to discuss Iran’s nuclear program and Afghanistan.

President Barack Obama waves after stepping off Air Force One upon arrival at Paya Lebar Air Base in Singapore, 14 Nov 2009

Mr. Obama also announced that his native U.S. state, Hawaii, will host the APEC summit in 2011.

President Obama’s schedule Sunday includes meeting with the leaders of the Association of Southeast Asian Nations, with Burma among the key topics.

At a breakfast meeting early Sunday to discuss climate change, most ASEAN heads agreed that it is not likely they will seal a deal at next month’s climate change talks in Copenhagen. Danish Prime Minister Lars Lokke Rasmussen, host of the Copenhagen talks, made a trip to Singapore to attend the meeting.

US Accused of Protectionism

APEC leaders called Saturday for more cooperation on global economic recovery efforts and took aim at signs of U.S. trade protectionism.

Hu Jintao

Chinese President Hu Jintao said promoting openness in international trade and curbing protectionism would help revive the world economy.

Mexican President Felipe Calderon singled out Washington for “going in the opposite sense of free trade.” Russian President Medvedev made the same point.

In a speech in Tokyo Saturday, President Obama called on Asian countries to break their dependence on exports to the United States, and to pursue “balanced” and sustainable economic growth.

Some information for this report was provided by AFP, AP and Reuters.