Hong Kong – Government statement on Tatler XFEST Hong Kong, Hong Kong Team vs Inter Miami CF

Government statement on Tatler XFEST Hong Kong, Hong Kong Team vs Inter Miami CF

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     The Government today (February 4) expressed deep disappointment over Messi not playing at Tatler XFEST Hong Kong, Hong Kong Team vs Inter Miami CF, and the organiser failing to provide a detailed explanation promptly.

     The event has been awarded “M” Mark status, as well as a matching grant of 15 million and a grant for venue of 1 million by The Major Sports Events Committee (MSEC). The Government has also provided a variety of coordination and assistance, including venue arrangement and crowd management, in order to offer football fans a wonderful game and an opportunity to witness the world-class player showcasing his skills.

     Many Hong Kong fans looked forward to the match with enthusiasm, and a lot of tourists came to Hong Kong particularly for the match. The Government, as well as all football fans, are extremely disappointed that Messi could neither play in the friendly match, nor explain to the fans in person upon request. The way that the organiser and Inter Miami CF handled the situation could not meet the expectations of the fans who showed strong support to Messi, especially those visitors who came all the way here for the match.

     The Culture, Sports and Tourism Bureau and the MSEC, will rely on the terms and conditions of the agreement in requiring the organiser to take responsibility, including a reduction of the amount of funding as a result of Messi being not able to play in the match.

AdvaMed Statement on House Passage of Critical R&D Tax Provision

, are required to be deducted over five years. The new provision delays the date when taxpayers must begin deducting those expenses over five years until after December 31, 2025.

The five-year deduction requirement is especially hard for small and emerging companies, which are critical to driving innovation and improving patient outcomes. Research and development funding is expensive and hard for small companies to afford, given their narrow operating margins.

In his letterto lawmakers earlier this month, Whitaker cited the example of Alva Health, a small company that wrote that the tax provision, if unfixed, would cause delays in getting our lifesaving stroke detection product into the hands of patients in need. He went on to write, For the patients we serve, who rely on the technologies our industry develops, we are pleased to see this provision to fix the damaging change to Section 174 advance and encouraged by the prospect of timely enactment this year.

Statement on the January 3 Trading Halt

WEBWIRE

The Philippine Stock Exchange, Inc. (PSE or Exchange) would like to provide the market with updates on the findings that caused the Exchange to halt trading on January 3, 2024, from 9:32 a.m. to 11:55 a.m.

The technical problem encountered was the inability of at least one-third (1/3) of the trading participants (TPS) to connect to PSEs front-end order management system (FEOMS) and for some of these TPs, the inability to send orders to the trading system. The FEOMS sends buy and sell orders for processing to the trading system.

The underlying cause of the aforementioned problem was in relation to the mobile trading application and its process of authenticating all accounts, including the inactive ones that have not accessed their accounts or registered any trading activity. This happened in one of the four silos in the FEOMS, which experienced stalled processes given the iterative authentication steps.

The Exchange and the FEOMS developer have implemented a design optimization on the mobile trading application and are diligently working on further enhancements for deployment to prevent a recurrence of the issue.

PSE remains steadfast in its commitment to engage with all stakeholders and service providers towards continuously improving and future-proofing its products, systems, and services for the investing public.

Dan Beech Statement Regarding His Search Results

 Following is a statement from Dan Beech regarding his search results:

“I offer literally hundreds and hundreds of investment opportunities for my clients from a variety of issuers and firms. While we all were still struggling with the COVID pandemic, one of these issuers announced in January 2021 that it could no longer pay interest distributions to its bondholders. This singular event should not be reflective of the work I have provided, and during more than a decade of providing sound and successful investment advice, it is the first time any issuer I have recommended to clients has ever experienced these types of problems. It is also the first time that this issuer, whose bond offerings have been reviewed by the SEC for many years, had ever missed a payment.

“Lawsuits and arbitrations were filed. You may see them posted online as certain attorneys are leveraging those to advertise for new customers, even in cases when I am not even actually named as a defendant.

“This has been a tough situation for everyone involved but I continue to guide my valued clients and their families through the process of this regrettable situation

“My commitment to my clients remains steadfast, and I am focused on moving forward in a positive and responsible manner. I am proud of the attentive personal service I have provided and am confident that once these matters are concluded, the outcome will reflect the principles I have always stood for.”

Daniel Beech
818-789-3995
simplewealth.me

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Club statement on UEFA decision

WEBWIRE

Chelsea FCs ownership group completed its purchase of the club on 30 May 2022. During a thorough due diligence process prior to completion of the purchase, the ownership group became aware of potentially incomplete financial reporting concerning historical transactions during the clubs previous ownership. Immediately following the completion of the purchase, Chelsea self-reported these matters to UEFA.

Chelsea has fully cooperated and assisted UEFA with its investigation of these matters and, following an analysis by the UEFA Club Financial Control Body, the club has entered into a settlement agreement with UEFA. Under that settlement the club is to pay a financial contribution of 10 million to UEFA as a fixed payment.

In accordance with the clubs ownership groups core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters.

We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with UEFA and looks forward to building on that relationship in the years to come.