Private sector

The National Anti-Corruption Commission Thailand seeks suitable measures to prevent corruption risks regarding rewards for officials to ensure transparency for all.

Retrieved on: 
Wednesday, April 10, 2024

BANGKOK, THAILAND - Media OutReach Newswire - 18 March 2024 - The Office of the National Anti-Corruption Commission (NACC), Thailand has brainstormed concerns from all related agencies to prevent corruption risk regarding bribery to officials and reward for officials to ensure transparency work of its officials and confidence for both local and international investors. In efforts to uphold ethical conduct among officials who are directly involved with tacking corruption, the NCC recently held a meeting to brainstorm ideas on "Guidelines for Preventing Corruption Risk Regarding Bribe Payment and Rewards from the Performance of Officials". This is aimed at voicing opinions for the revision of the guidelines for rewarding officers with appropriateness, fairness, and consistency with the performance of duties, and remuneration based on performance for officials who work in tackling corruption in the country. According to the NACC, it has provided recommendations for the revision of the reward payment for the Customs Department, the Ministry of Finance is afraid that the rewards caused 'moral hazards' among officials who are involved in the process of tackling corruption. Following the reward, it encouraged the officials to focus only on tasks with high rewards or having rewards, while neglecting to perform tasks with low rewards or no remuneration, which may cause corruption inequality, and unfairness among civil servants. The reward could also be considered as the risk of conflict of interest of the authority in determining the eligibility for the award and determining the proportion of the reward. The officials could risk rewarding themselves which was not inconsistent with the purpose of the guideline that wants to promote effective law enforcement, or may lead to the creation of false evidence in the disbursement of bribes. The meeting was attended by representatives of relevant agencies including the Ministry of Finance, the Customs Department, the Comptroller General's Department Excise Department, the Office of the Narcotics Control Commission Anti-Money Laundering Office, the Royal Thai Police, the Office of the Auditor General, experts, executives and officers. The meeting focused on various issues covering: who is entitled to receive the reward, the proportion and rate of payment of the reward, the appropriateness and fairness of the reward, the prevention of risks of discretion and conflict of interest, and the changing trend in the process of giving bribery and reward, explained Mrs. Suwana Suwanjuta, NACC Commissioner, who chaired the meeting. However, with the modernization and connectivity of information technology today, this enables agility and efficient linkage of various data, as well as the NACC's credibility among international, the reward for officers could be revised to ensure the appropriateness of providing rewards for the authorities and to encourage government officials to enforce the law more efficiently and equitably in the bureaucracy. In this regard, the NACC hopes that the meeting will voice concern from all involved so that the revision of the guidelines to provide rewards to officials will be more efficient and ensure transparency for all involved, helping improve standards in tackling corruption with more advancing and modernizing measures, the NACC concluded. ---------------------------------------------------- Reference: https://www.nacc.go.th/categorydetail/20180831184638361/20240312183512? *This press release translation is funded by the National Anti-Corruption Fund (NACF). Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

Key Points: 
  • BANGKOK, THAILAND - Media OutReach Newswire - 18 March 2024 - The Office of the National Anti-Corruption Commission (NACC), Thailand has brainstormed concerns from all related agencies to prevent corruption risk regarding bribery to officials and reward for officials to ensure transparency work of its officials and confidence for both local and international investors.
  • In efforts to uphold ethical conduct among officials who are directly involved with tacking corruption, the NCC recently held a meeting to brainstorm ideas on "Guidelines for Preventing Corruption Risk Regarding Bribe Payment and Rewards from the Performance of Officials".
  • The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions.
  • It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption.

Taking stock of existing barriers to sexual and reproductive health of girls and women in SSA and how collaboration and innovation can help shape the future

Retrieved on: 
Wednesday, April 10, 2024

For years, women and girls have been failed by a fragmented, under-resourced health system that is not built to meet their sexual and reproductive health needs.

Key Points: 
  • For years, women and girls have been failed by a fragmented, under-resourced health system that is not built to meet their sexual and reproductive health needs.
  • Coupled with HIV, complications during pregnancy and childbirth are the leading cause of death for young women aged 15-19 years.
  • "Tiko" which provides access to free reproductive health services that can change the course of many lives offering youth-friendly care and comprehensive information.
  • Achieving universal access to sexual and reproductive health and rights by 2030 will require close collaboration by stakeholders in developing innovative solutions that can dismantle barriers to access among women and girls.

The National Anti-Corruption Commission Thailand joins forces with international agencies to focus on preventing and suppressing transnational corruption

Retrieved on: 
Wednesday, April 10, 2024

BANGKOK, THAILAND - Media OutReach Newswire - 25 March 2024 - As emerging with rapid digitalization that paves the way for transnational corruption, the National Anti-Corruption Commission (NACC), Thailand further tightened its collaboration with international organizations in tackling new tactics and complicated illicit activities in accordance with global standards. The NACC's Secretary-General, Mr. Niwatchai Kasemmongkol recently met with representatives of the Nordic Police Liaison Office, led by Mr. Carsten Andersen, Assistant Attache/Liaison Officer, Nordic Police Affairs Department at the Danish Embassy, Thailand and Ms. Jane Ohlsson, Assistant Ambassador/Coordinating Officer for Police Affairs in the Nordic Countries at the Swedish Embassy, Thailand, along with NACC's executives and representatives from the Bureau of International Corruption Affairs and Cases, and the Bureau of Investigation and Special Affairs to enhance cooperation between the NACC enforcement agencies in combating transnational corruption. "Current corruption problems are not limited to any one country. But it has developed into a transnational crime, which affects all countries around the world. Therefore, cooperation between each other in various forms, both bilateral and multilateral is considered an important mechanism for effectively preventing transnational corruption of all kinds," said the NACC secretary-general. He further elaborated that the NACC has collaboration with enforcement agencies from the Nordic countries in both bilateral and multilateral. It has a memorandum of understanding between each other to exchange legal information, coordinate cases, as well as academic cooperation in particular, the sharing of knowledge and anti-corruption practices which is beneficial to raising the level of the Corruption Perceptions Index (CPI) of Thailand. This tie collaboration will help promote the prevention and suppression of corruption in Thailand more effectively. Furthermore, under the cooperation, both sides discussed and exchanged information on international cooperation in criminal matters related to corruption cases between Thailand and the Nordic countries. Denmark has expressed great interest in the NACC's corruption prosecutions and is willing to cooperate in solving transnational corruption cases, while also exchanging information that is beneficial to the fight against corruption. Mr. Niwatchai concluded that the NACC has given great importance to strengthening and expanding the network of cooperation with law enforcement agencies of various countries to deal with transnational corruption continuously. Presently, the NACC, in Thailand has made memoranda of understanding with 25 law enforcement agencies and international organizations, including nine ASEAN countries, the Ministry of Supervision of China, the Independent Authority against Corruption of Mongolia, the Anti-Corruption Commission of Bhutan, the Independent Commission Against Corruption of Australia, the Oversight and Anti-Corruption Authority of Saudi Arabia, the Police Presidium of the Czech Republic, Federal Ministry of the Interior of Austria, Investigative Committee of the Russian Federation, International Department of the National Crime Agency of the United Kingdom, and Office of the Comptroller General of Brazil, as well as World Bank, United Nations Office on Drugs and Crime (UNODC), International Anti-Corruption Academy (IACA), Basel Institute on Governance, United Nations Development Programme (UNDP) and the UN International Organization for Migration (IOM). ----------------------------------------- *This exclusive interview translation is funded by the National Anti-Corruption Fund (NACF). Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

Key Points: 
  • Therefore, cooperation between each other in various forms, both bilateral and multilateral is considered an important mechanism for effectively preventing transnational corruption of all kinds," said the NACC secretary-general.
  • He further elaborated that the NACC has collaboration with enforcement agencies from the Nordic countries in both bilateral and multilateral.
  • Furthermore, under the cooperation, both sides discussed and exchanged information on international cooperation in criminal matters related to corruption cases between Thailand and the Nordic countries.
  • The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions.

EQS-News: Tony Elumelu Foundation Announces 10th Cohort of Entrepreneurship Programme – 20,000 Entrepreneurs Funded Across Africa

Retrieved on: 
Wednesday, April 10, 2024

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme.

Key Points: 
  • The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme.
  • The Tony Elumelu Foundation has disbursed US$100,000,000 directly to young African entrepreneurs, who have created over 400,000 direct and indirect jobs, contributing significantly to Africa's economic growth and development.
  • Since inception in 2010, the Tony Elumelu Foundation has pioneered an innovative approach to seeding, capacitising and networking young entrepreneurs across Africa.
  • To learn more about the Tony Elumelu Foundation Entrepreneurship Programme "Decade of Impact" please see here ( https://apo-opa.co/3IULYeS ).

Inc.’s 2024 Female Founders list highlights why female founders are always a good bet

Retrieved on: 
Tuesday, April 9, 2024

Elizabeth Ruzzo, CEO and founder of adyn, was recognized by Inc. in this year’s Female Founders list.

Key Points: 
  • Elizabeth Ruzzo, CEO and founder of adyn, was recognized by Inc. in this year’s Female Founders list.
  • The female founders on this year’s list are a testament to what triumph over adversity looks like.
  • “One thing I bet all founders on this list share is an abundance of grit and determination.
  • Despite years of evidence demonstrating that female founders are a good bet, the fundraising environment remains bleak.

Bimbo Bakeries USA Earns 2024 ENERGY STAR® Partner of the Year Award for the Seventh Year in a Row

Retrieved on: 
Tuesday, April 9, 2024

is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency.

Key Points: 
  • is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency.
  • The 2024 award marks the seventh year in row that the EPA has recognized the Company’s dedication to energy management strategy and leadership in the baking industry.
  • ENERGY STAR award winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services, and strategies.
  • Bimbo Bakeries USA was highlighted for its installation of advanced controls and high-efficiency burners in ovens, oxidizers and boilers.

SBA Recognizes 2024 Government Contractors and 8(a) Graduate of the Year

Retrieved on: 
Friday, April 5, 2024

These fuzes are used in electro-mechanical rocket, missile, artillery, mortar, and tank devices for the Department of Defense and domestic prime contractors.

Key Points: 
  • These fuzes are used in electro-mechanical rocket, missile, artillery, mortar, and tank devices for the Department of Defense and domestic prime contractors.
  • Cetechs won the 2018 SBA Emerging Leaders Program Graduate Award, the 2019 Arizona Small Business Development Center Success Award, and the 2020 Goldman Sachs Award.
  • The Dwight D. Eisenhower Award for Excellence recognizes other small business prime contractors that have excelled in utilizing small businesses as suppliers and subcontractors within various industries.
  • Additionally, it collaborated with various SBA District Offices, Small Business Development Centers, and APEX Accelerators to educate and network with small businesses.

General Fusion Partners with Canadian Nuclear Laboratories to Advance Commercial Power Plant Design

Retrieved on: 
Thursday, April 4, 2024

RICHMOND, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- General Fusion has launched a new project in collaboration with Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, to advance the design of its commercial fusion power plant.

Key Points: 
  • RICHMOND, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- General Fusion has launched a new project in collaboration with Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, to advance the design of its commercial fusion power plant.
  • Now, General Fusion will leverage CNL’s expertise, capabilities, and advanced facilities in power plant design, licensing, and operations.
  • As a result, General Fusion will refine its design for a practical and economical power plant that is cost competitive.
  • “Canada has a strong fusion ecosystem, with General Fusion leading the private sector and Canadian Nuclear Laboratories providing world-class fusion R&D,” said Greg Twinney, CEO, General Fusion.

Anthony Denkinger Appointed as CEO of LOOT8, Inc., a Wholly Owned Subsidiary of Gold Rock Holdings, Inc. (GRHI)

Retrieved on: 
Wednesday, April 3, 2024

VIRGINIA BEACH, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Gold Rock Holdings, Inc. (OTC: GRHI) ($GRHI) announces that its wholly-owned subsidiary LOOT8, Inc. ("LOOT8") appointed Anthony Denkinger as the Chief Executive Officer .

Key Points: 
  • VIRGINIA BEACH, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Gold Rock Holdings, Inc. (OTC: GRHI) ($GRHI) announces that its wholly-owned subsidiary LOOT8, Inc. ("LOOT8") appointed Anthony Denkinger as the Chief Executive Officer .
  • LOOT8 focuses on merging the digital and physical realms through blockchain technology.
  • Anthony, previously leading LOOT8 product management, is set to lead LOOT8 into its next growth phase.
  • For more information about LOOT8 and its future initiatives under Anthony Denkinger's leadership, please visit www.loot8.io .

First Source Mortgage Fund Announces Top-Up Distribution for 2023

Retrieved on: 
Wednesday, April 3, 2024

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- First Source Mortgage Fund (“the Fund”) announces that it has paid a Top-Up year-end distribution (the “Top-Up distribution”) of 120 bps per eligible Class F unit.

Key Points: 
  • TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- First Source Mortgage Fund (“the Fund”) announces that it has paid a Top-Up year-end distribution (the “Top-Up distribution”) of 120 bps per eligible Class F unit.
  • The top-up distribution recognizes that the annual income generated in 2023 exceeded the regular monthly distributions paid to unitholders.
  • The Top-Up distribution is not indicative of future performance by the Fund.
  • The total distribution per unit for Class F unitholders during 2023, inclusive of the estimate Top-Up distribution, was 9.50%/unit.