Internal control integrated framework

MANILA, PHILIPPINES - Media OutReach - 9 December 2019 - Twenty outstanding Philippines' entrepreneurs and organisations were honored at the recently concluded Asia Pacific Entrepreneurship Awards 2019 or APEA, led by Megawide Construction Corporation's Chairman and CEO, Mr. Edgar Saavedra and Robinsons Land Corporation's President and CEO, Mr. Frederick D. Go. An initiative by Enterprise Asia, the leading non-governmental organization for entrepreneurship in Asia, APEA is the largest regional recognition program, with over 3,000 nominations received each year, and less than one tenth of that receiving the awards in all 14 markets. With the theme of 'Promoting Inclusive Economic Development Through Sustainable Entrepreneurship', over 300 attendees were present at the by-invitation only event, comprising of industry leaders and dignitaries. Leading the list of winners includes Travellers International Hotel Group, Inc. who received the award under Corporate … [Read more...] about Travellers International Hotel Group, Inc. Honored at the Asia Pacific Entrepreneurship Awards 2019

The historic event took place in the citadel’s Doan Mon Courtyard. At 8 a.m. that day, the People’s Army of Vietnam headed into the capital city from five of its gates, ending the nine-year occupation by France. Seven hours later, a long siren sounded from Hanoi Opera House, calling the entire city to the Flag Tower. The above picture shows the motorcade taking major-general Vuong Thua Vu, commander of the 308th Infantry Division - the first main division of the People’s Army of Vietnam, to the flag hoisting avenue. Delegates of the International Control Commission (ICC) were on hand to watch the ceremony on the afternoon of October 10,1954. According to agreements signed at the 1954 Geneva Conference, the ICC was tasked with supervising the ceasefire between the French and Vietnamese armies. The capital regiment preparing for the ceremony. Infantry and Artillery divisions in the courtyard. The flag bearing the slogan "Fight to Win." After … [Read more...] about 65 years ago, a flag hoisting ceremony marked Hanoi’s liberation

After many years of investing heavily and enduring losses to acquire its dominant share of the retail market, Vingroup, Vietnam’s biggest private conglomerate, is withdrawing from the business. The merger deal that it has signed with food giant Masan Group will integrate its network of 2,600 Vinmart and Vinmart+ minimarts into a merged entity operated by the latter. Vingroup will remain a shareholder in the merged entity, it said Tuesday. Although retail is a major asset in Vingroup’s commercial ecosystem, which includes real estate, education and shopping, it has not engaged heavily in backwards integration, i.e. the production of consumer goods. Masan, on the other hand, with its core business in fast moving consumer goods (FMCG), can potentially make much better use of the retail network that Vingroup has built. And with Vingroup retaining an undisclosed stake in the new entity, its network could still be used to support the conglomerate’s core business in … [Read more...] about What Vingroup and Masan hope to acquire from their retail merger

The Vietnam Air Traffic Management Corporation (VATM) on Thursday began using the area navigation RNAV, or Area Navigation, which permits the operation of an aircraft on any desired flight path and its position to be continuously determined wherever it is rather than only along tracks between individual ground navigation aids. RNAV is enabled through the use of a navigation computer. Waypoints are loaded into the computer either manually or automatically with an integrated database. The flight crew then creates a route as a series of waypoints in accordance with the flight plan. The computer estimates the aircraft position using the fitted navigation sensors and compares the estimation to the defined route. Deviation between the estimated position and the defined path creates guidance information. The move allows the airport's air traffic control to control more flights at a time. "This is an important method to allow Tan Son Nhat to handle the traffic jam both on the ground and in the … [Read more...] about Saigon airport’s new navigation method allows more flights per hour

Volunteers at the event (Photo: VNA) Hanoi (VNA) - National Volunteer Day 2019 was held in Hanoi on December 8  as part of activities in response to International Volunteer Day (December 5). Permanent Secretary of the Ho Chi Minh Communist Youth Union (HCYU) Central Committee Nguyen Anh Tuan said the event aims to promote pioneering and volunteering movements among young people in order to support socio-economic development in the community. Tuan reviewed a wide range of voluntary activities within the framework of the summer youth volunteer campaign, launched nationwide in 2000 by the Standing Board of the HCYU Central Committee. During the last two decades, over 50,000 classes on illiteracy elimination were organised for over 450,000 people. The volunteers repaired and built more than 287,000km of rural roads, repaired over 182,000 houses and constructed 67,431 others. HCYU units at all levels organised teams to give medical consulting, checks-up and treatment services to … [Read more...] about National volunteer day 2019 held in Hanoi