Friday, February 28, 2020

State Senate Operating Budget Adds $5M to Offset Business Losses Due to Coronavirus | News |

The Washington state Department of Ecology on Wednesday released a draft Environmental Impact Statement on a proposal to build a flood retention dam on the Chehalis River near Pe Ell, along with other flood damage reduction efforts in the Chehalis Basin.

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When the years start piling up, a person is apt to fall into a specific routine. You might call it a "rut" but I prefer a gentler term. My long-standing Sunday morning procedure begins by first starting the coffee machine and then heading out to pick up the Sunday edition of the Seattle Time…

Publisher: The Chronicle
Author: The Chronicle
Twitter: @chronline
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Other things to check out:

Columbia Basin Herald

ST. PAUL, Minn. (AP) — Minnesota's projected surplus has inched up over $1.5 billion, state budget officials said Thursday as they delivered an updated economic forecast that added fuel to the political maneuvering at the Capitol over whether the Legislature should spend the extra money, save it or cut taxes.

The new estimate from Minnesota Management and Budget was $181 million higher than the agency's last budget forecast in November, just a slight increase that gets almost lost in a total state budget of over $48 billion.

Publisher: Columbia Basin Herald
Date: February 27 2020 2:30 p.m.
Author: Associated Press
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The Stunning Scale of India's Budget-Fixing Mega-IPO - The Washington Post

That's unclear. The government has yet to say what size minority stake it will sell. Plus, the company's total value is hard to quantify. It holds 32 trillion rupees ($447 billion) of assets, more than the combined holdings of all India's mutual funds. But it's never disclosed its so-called embedded value, the key financial gauge for insurers, which combines the current value of future profits with the accumulated value of funds belonging to shareholders.

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The IPO is the biggest chunk of the government's plan to raise 2.1 trillion rupees ($29 billion) by selling assets. The money would be used to narrow India's budget deficit, which is forecast to be 3.8% this year. The government plan includes offering majority stakes in three other state-run firms -- Bharat Petroleum Corp., Shipping Corp. of India and Container Corp. of India.

Publisher: Washington Post
Date: 2020-02-28T11:10:48.977Z
Twitter: @WashingtonPost
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Shanta Gold PLC ups exploration budget as finances improve

Shanta Gold PLC ( LON:SHG ) reaffirmed production guidance for the current year as revenues and cashflow jumped sharply.

The Tanzania-focused gold miner generated revenues of US$113mln (US$104mln) in 2019 as production rose to 84,500oz.

Underlying profits rose 4% US$47.7mln, though swaps contracts meant there was a pre-tax loss of £1.2mln and an after-tax loss of £9.5mln.

Eric Zurrin, chief executive, said production form the New Luika mine was ahead of guidance and achieved against the backdrop of an uncompromised safety record. 

Publisher: Proactiveinvestors UK
Date: 472F41326D53FFF7DBCB15CAA90AAE34
Twitter: @proactive_uk
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This may worth something:

Budget debate: Coronavirus concerns present long-term opportunities, say MPs – ANN

Many have little savings to see them though a work drought, she said, noting that a number of events and work assignments have been cancelled or deferred as a result of the Covid-19 outbreak.

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While the coronavirus outbreak has battered businesses, it has also created opportunities to better prepare Singapore for future challenges, MPs said on Thursday (Feb 27).

Speaking on Day 2 of the debate on the Budget statement, they said these include getting more firms to adopt e-commerce, diversifying supply sources and making flexible work arrangements permanent for working parents and caregivers.

Publisher: ANN
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Provincial budget targets business, including those in Cape Breton | Provincial | News | The

A retired economist questions whether measures aimed at businesses in the provincial budget will achieve their intended objective of helping Nova Scotia companies become more competitive and reinvest in their businesses.

Among the measures announced in the budget Tuesday by Finance Minister Karen Casey was $70.5 million to reduce the corporate tax rate by two per cent to 14 per cent. It also included $10.5 million to reduce the small business tax from three per cent to 2.5 per cent, savings which helps companies invest back into their businesses and employees.

Author: Nancy King
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New Ancillaries Help Drive Avis Budget Q4 Revenue Growth: Business Travel News

Marriott International reported fourth-quarter 2019 systemwide comparable global revenue per available...

Extended Stay America's fourth-quarter comparable systemwide revenue per available room declined 0.8...

Hertz Global Holdings' total fourth-quarter revenue increased 1.4 percent year over year to $2.3...

Author: Michael B Baker
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