AT&T plans to give US$1,000 bonuses to more than 200,000 workers and will issue the cheques over the holidays if President Donald Trump signs the bill before Christmas.The company also said it plans to invest an additional US$1 billion in 2018 due to the bill."This tax reform will drive economic growth and create good-paying jobs," AT&T chief executive Randall Stephenson said. "In fact, we will increase our US investment and pay a special bonus to our US employees."The handful of announcements came after the House of Representatives approved the US$1.5 trillion tax overhaul, sending the measure to President Donald Trump to sign into law.Democrats criticised the bill as a budget-busting sop that mostly benefits the very wealthy, while Republicans argued it would boost economic growth.Boeing announced US$300 million in additional spending that includes funds for workforce training and to upgrade facilities to the "workplace for the future.""We applaud and thank Congress and … [Read more...] about Some companies announce worker bonuses after US tax cut
Companies
PNJ REACHES TOP 10 AMONG 100 MOST SUSTAINABLE COMPANIES IN VIETNAM
PNJ REACHES TOP 10 AMONG 100 MOST SUSTAINABLE COMPANIES IN VIETNAM Phu Nhuan Jewelry Joint Stock Company (PNJ) is the only jewelry company listed in the top 10 among 100 most sustainable companies in Vietnam in 2016. Between January and October, PNJ obtained VND510 billion in profit, 10% higher than this year’s goal. PNJ received the title at a ceremony in Hanoi City on November 8, held by the Business Council for Sustainable Development in collaboration with the Ministry of Labor, Invalids and Social Affairs, the Ministry of Industry and Trade, the Ministry of Natural Resources and Environment, the Vietnam General Confederation of Labor and the State Securities Commission. Enterprises were evaluated by the CIPS Sustainability Index (CSI), a set of 151 quantitative criteria established by experts in the fields of economy, society, labor and environment. Experts looked into firms’ reputation, brands, human resources attraction, operation, development potential in the … [Read more...] about PNJ REACHES TOP 10 AMONG 100 MOST SUSTAINABLE COMPANIES IN VIETNAM
Company stopped from burning Formosa contaminated fish
Authorities in central Hà Tĩnh Province on December 20 stopped the illegal burning of frozen contaminated fish by a local company. Fish harvested in the ocean after Formosa toxic spill contaminated with toxins. — Photo cafef.vnEnvironmental police in the province demanded that Kỳ Anh District’s urban environment company halt its burning of 49 tonnes of stale fish, saying the company is authorised to only carry out daily waste treatment.Late on Tuesday afternoon, locals in the district found trucks managed by the company carrying the fish, which were collected from the local ocean following the Formosa toxic spill in April last year and stored at local freezing warehouses.Police checked the site while the company was conducting the trial burning of a small quantity of fish in a kiln used to burn daily waste.Nguyễn Minh Diễn, head of the district’s natural resources and environment division, said the company’s operation was banned last … [Read more...] about Company stopped from burning Formosa contaminated fish
Over 800 companies join Vietbuild 2011
Over 800 companies join Vietbuild 2011 By Le Hoang - The Saigon Times Daily HCMC - More than 800 companies, including nearly 240 joint ventures, and 165 foreign businesses and groups from 22 countries and territories are attending Vietbuild HCMC 2011, an international exhibition of construction, building materials, housing and decorations being held from July 2-6. The event at Phu Tho Sport Complex in HCMC displays products, services, and technology among others at 2,100 display stalls manned by local companies as well as exhibitors from the U.S., France, Germany, the Netherlands, Japan, Korea, Singapore, Malaysia and Thailand. The exhibition offers a great chance for domestic and foreign building businesses to seek collaborative opportunities and technological innovation within an international framework. … [Read more...] about Over 800 companies join Vietbuild 2011
Citigroup buys into local securities company
Citigroup buys into local securities company By Thu Thuy - The Saigon Times Daily HCMC – Citigroup, or Citi, announced on Friday that it had acquired a 9.9% stake in Horizon Securities Corporation which is subject to regulatory approval but the financial terms are not revealed. Rodrigo Zorrilla, Head of Markets Asia Pacific at Citi, said in a statement, “Our expansion in Vietnam is consistent with our broader goal of growing our franchise in the ASEAN market.” Asia Pacific is one of the most important growth markets for Citi globally. In the last three years, Citi Asia Pacific has generated nearly US$45 billion in revenues and US$15 billion in net income. Brett Krause, Citi Country Officer for Vietnam, said the partnership with Horizon Securities would further extends Citi markets platform and gives it the ability to offer clients better access to the Vietnamese capital market. He furthered that “this investment will help us become a leader in the secondary … [Read more...] about Citigroup buys into local securities company