TULSA, OK, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. ( LPI ) ("Laredo" or "the Company") today announced the Company's 2020 capital budget of approximately $450 million and updated its 2020 - 2022 three-year outlook.
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"Our 2020 budget and production expectations reflect the significant progress we made in 2019 optimizing our established acreage position and opportunistically adding high-margin inventory," stated Jason Pigott, President and Chief Executive Officer. "Throughout 2019, we drove down well costs, unit lease operating expenses and unit general and administration expenses, while improving well productivity versus 2018 by widening development spacing.
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Singapore Budget 2020: Tax Update | Dentons - JDSupra
As Singapore tackles COVID-19, Deputy Prime Minister and Finance Minister Mr Heng Swee Keat delivered the Budget Statement in Parliament on 18 February 2020.
The tax changes this year, though not ground-breaking, reflect Singapore’s values amid economic uncertainty and global structural shifts. While Singapore faces some headwinds, tax measures have been introduced to stabilise the economy and support enterprises . On the international front, Singapore is well-positioned to make the most of geopolitical changes.
Cape Canaveral Wants Companies to Help Pay for Range Updates - Air Force Magazine
PATRICK AIR FORCE BASE, Fla.— Space Force officials here want federal lawmakers to tweak spending rules so the military can use money from private companies to pay for infrastructure changes to the launch range at Cape Canaveral Air Force Station.
"We’re going to have to come up with ways that the launch providers can also help us out," 45th Space Wing commander Brig. Gen. Doug Scheiss told Air Force Magazine in a Feb. 24 interview here. "They get a pretty good deal from being able to lease our facilities and the things that we do with them, but it’s very difficult [when] they go, ‘Hey, I’d like to be able to help out with that.’"
While cutting $58.7M from Medicaid, Raimondo budget gives $15.7M to insurance companies –
One of my biggest concerns with Rhode Island Governor Gina Raimondo ‘s proposed budget is the deep cuts to Medicaid – $58.7M in cuts that only “save” the state $20.2M because of lost federal funds. The most common excuse for these cuts is that the budget picture is bad, and we have not choice but to do this.
That choice is spelled out in this line item in the Senate Fiscal Office First Look budget analysis:
This line of budget jargon could mean a lot of things. Initially, I was concerned that this might be an effort to force providers into a horrific payments model known as “full risk capitation,” something the Raimondo administration has been trying (and mostly failing) to push our healthcare system towards. Fortunately, it doesn’t seem to be quite so bad. Instead, it’s just an initiative to give more public money to insurance companies.
Not to change the topic here:
[Budget 2020] DDT Abolished but dividend taxable for investors
In a relief to companies, budget 2020 on Saturday announced to remove the infamous Dividend Distribution Tax (DDT).
A dividend is the amount that a company or a mutual fund (MF) house pays its investors from its profits, and DDT is levied on that dividend. Domestic companies have to pay 15 per cent DDT on the aggregate dividend declared or paid. Additionally, 12 per cent surcharge and 3 per cent education cess is also levied, amounting to effective DDT of 20.35 per cent.
Don't forget to budget for business objectives to gain digital transformation ROI - Cloud Tech
Digital transformation is hugely important and extremely difficult. No matter what form an organisation’s transformation takes, it’s bound to introduce new and unanticipated challenges and costs even as it leads to positive long-term outcomes.
While increased challenges and costs are a normal part of digital transformation, they can trigger C-suite leaders to recalibrate their thinking of transformation initiatives and ask to see immediate proof of ROI. When this question inevitably comes up, leaders tend to look for obvious ways to deliver a positive ROI no matter how early in the transformation process they may be.
Carmel hotel project more than $20 million over original budget - Indianapolis Business Journal
Carmel’s high-end boutique hotel project, The Hotel Carmichael, is expected to cost at least $20 million more than the city first estimated in mid-2017.
City officials, on Friday night, said the total price tag for the city-backed project has risen to $58.5 million due to rising construction and labor costs. The hotel is slated to open in May.
IBJ began inquiring about rumored cost overruns on the project in mid-January, but the Carmel officials did not respond until issuing a general press release Friday night.
5 predictions for the budget – including tax hikes
Finance minister, Tito Mboweni is expected to hike taxes when he tables the 2020 Budget in Parliament today (26 February 2020), as the government tries to address its huge revenue and funding problem.
Financial services company Investec has put forward five predictions for what is expected to be an important budget in determining South Africa’s future growth trajectory.
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South Africa's fiscal position has gradually deteriorated during the past decade but the concern is now of a rapid increase in public sector debt levels over the past two years.
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