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Macromolecules properties

Purchase of $9.2m property ends in $125,000 fine for Auckland company

An Auckland company has been fined $125,000 for breaking overseas investment rules. West Drury Holding Limited (WDHL) purchased a $9.2 million property in Drury, in rural south Auckland, in 2017 without disclosing a shareholder who held 39 percent of its shares was not a New Zealand citizen. This meant the company was considered an overseas person and should have sought consent to buy the property. A decision by the High Court in Auckland found WDHL breached the Overseas Investment Act rules. READ MORE: Solicitor who obstructed Overseas Investment Office is fined $60k Purchaser fined $100,000 after giving false information to Overseas Investment Office Woman found guilty of assaulting, failing to care for baby who died The company told the court it didn’t know it needed to apply for consent because the shareholder held a residence class visa. However, the shareholder did not meet the definition of ordinarily resident under the Overseas Investment Act as he was not … [Read more...] about Purchase of $9.2m property ends in $125,000 fine for Auckland company

Thriving equity market helps boost business transparency

Traders work at the trading floor of Sai Gon Securities Inc. (Photo: VNA) Hanoi (VNS/VNA) - The development of the equity market will help promote the transparency and corporate governance of listed companies, especially public companies with State capital , an official has said. The statement was made by Dang Quyet Tien , director of the finance ministry's Corporate Finance Department, during a recent seminar in Hanoi. “This will help boost the volume of transactions in the stock market, increasing the liquidity for State shareholders,” Tien said. “There is a problem that has persisted for many years in most State-owned enterprises, which is the ineffectiveness in the management and use of State capital,” he said. “The development of the equity market would help State-owned enterprises be less dependent on bank credit loans, diversifying forms of capital mobilisation.” The Vietnamese stock market has seen remarkable development since its inception, but the … [Read more...] about Thriving equity market helps boost business transparency

S. Korean firm taps Vietnam’s music streaming market

S. Korean firm taps Vietnam’s music streaming market The Saigon Times Representatives of KT Corporation and VTV Cable with the memorandum of understanding for strategic partnership to develop a music streaming platform in Vietnam - PHOTO: KT HCMC - South Korea’s KT Corporation on April 9 signed a memorandum of understanding (MoU) with Vietnam Television Cable Corporation (VTVcab), an arm of Vietnam Television, to develop a music streaming platform in the country. Under the MoU, the two corporations will design a music streaming platform to distribute K-pop music and protect intellectual property rights, VietnamPlus news site reported. KT said that the firm would provide key technology in developing the service such as music personalization using Artificial Intelligence, which is currently used by its media affiliate Genie Music. Genie Music is South Korea’s second largest music streaming service operator and a major music distributor. The partnership is … [Read more...] about S. Korean firm taps Vietnam’s music streaming market

Here’s how Ontario plans to fight COVID-19: the highlights

Here are the highlights of Ontario Finance Minister Rod Phillips’ record $174.3 billion spending plan tabled Wednesday at Queen’s Park to deal with the COVID-19 pandemic: Doubling of the annual deficit to $20.5 billion. Up to $10 billion in tax deferrals, including $6 billion in deferred taxes for 100,000 businesses, $1.9 billion in WSIB premium deferrals and $1.8 billion in deferred municipal education property tax payments. Suspending Ontario Student Assistance Plan (OSAP) repayments for six months. One-time payments to families of $200 for every child under the age of 12. Parents of special-needs kids will receive $250 per child as part of that $336 million program. $1 billion contingency fund for COVID-19 outbreak response as needed. $935 million for hospitals to increase capacity to handle patients with more acute- and critical-care beds. $243 million to expand emergency capacity and virus containment measures in nursing homes. $160 … [Read more...] about Here’s how Ontario plans to fight COVID-19: the highlights

How to Use OpenPGP Encryption for Emails in Thunderbird

Mozilla Thunderbird recently integrated OpenPGP right into the main application. No add-ons are needed for email privacy. OpenPGP’s world-class encryption is easy to set up and use without additional software. Thunderbird and OpenPGP Version 78.2.1 of the Thunderbird email client has support for end-to-end encryption (e2ee) built right in. This integration means you no longer need add-ons like Enigmail . Thunderbird uses OpenPGP for encryption, which is a free, nonproprietary protocol. Based on the freeware versions of Phil Zimmerman’s Pretty Good Privacy (PGP), it’s now very much its own thing. Thunderbird’s OpenPGP integration allows you to encrypt a message. Then, only the people you want to read your message will be able to do so. It also lets you digitally sign a message so your recipient can be confident the message hasn’t been altered in transit. OpenPGP uses the principle of pairs of public and private (or “secret”) encryption keys. To use OpenPGP, you … [Read more...] about How to Use OpenPGP Encryption for Emails in Thunderbird

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