Latest news with #920
Business Recorder
4 days ago
- Business
- Business Recorder
Ogra slashes LPG prices for June
ISLAMABAD: In line with a decline in oil prices globally, the Oil and Gas Regulatory Authority (OGRA) has issued a notification for the reduction in LPG prices for June 2025. The OGRA has reduced the price of a domestic LPG cylinder by Rs55 and a commercial cylinder by Rs210. There has been a reduction of Rs3,921 per metric ton in the government's production price. LPG prices down by Rs6.15 per kg Now, LPG will be available at Rs241 per kg instead of Rs245 per kg, a domestic cylinder will be available at Rs2,838 instead of Rs2,893, and a commercial cylinder will be available at Rs,10,920 instead of Rs11,130. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to previous month, Saudi Aramco-CP has decreased by 2.67 per cent. The average dollar exchange rate has slightly increased by 0.35 per cent resulting to decrease in LPG consumer price by Rs54.60/11.8 kg cylinder (1.88 per cent). The per kg decrease in LPG consumer price is Rs4.62. Copyright Business Recorder, 2025
Axios
30-04-2025
- Business
- Axios
Why Ohio voters face so many tax levies
Tuesday's primary may feel like déjà vu for some local voters: three tax issues rejected in November are back on the ballot. Why it matters: These repeat requests risk causing " levy fatigue" among frustrated homeowners. But communities typically don't have another option to keep funding essential operations, due to the complexities of Ohio's tax laws. What's on the ballot again: A fire levy in Franklin Township, a police levy in Blendon Township, and a bond to build schools in the Groveport Madison district. How it works: Ohio's tax system quirks stem from House Bill 920, a reform lawmakers passed in 1976 but have tried to update in recent years. As property values rise, the effective rate of an existing levy goes down, so it never collects more tax money than the amount voters originally approved. Yes, but: That means governments and schools must ask for new funding more often, especially amid rising costs. Zoom in: Franklin is back Tuesday in hopes of combining and replacing existing levies that aren't collecting as much today. The situation is so dire that a fire station could close if the levy fails. Unlike cities, townships can only levy a voted property tax. Between the lines: Recent property reappraisals in Franklin County, which raised values by historic levels, are exacerbating levy fatigue. Many residents' tax bills went up because HB 920 only limits increases on voted levies. Taxes tied to "inside millage" — a set amount governments and schools automatically receive — aren't capped. Schools are also guaranteed a minimum amount of funding before 920 kicks in. The other side: Groveport Madison's request, a bond, is how districts pay for construction. It's common in suburbs with booming enrollment. The Ohio Facilities Construction Commission has agreed to pay 53% of a project that would replace the district's three middle schools and expand its high school. But voters rejected a bond to fund the remaining 47% in November 2024 and May 2019.
Business Standard
26-04-2025
- Business
- Business Standard
Praxis Home Retail allots 1.12 lakh equity shares under ESOP
Praxis Home Retail has allotted 1,12,500 equity shares under ESOP on 26 April 2025. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs.67,60,90,920/- divided into 13,52,18,184 equity shares of Rs.5/- each to Rs.67,66,53,420/- divided into 13,53,30,684 equity shares of Rs.5/- each.
New Straits Times
23-04-2025
- New Straits Times
Pontian school administrator hit with 40 charges over RM100k in false claims
JOHOR BARU: A secondary school senior administrative officer pleaded not guilty in the Sessions Court here today to 20 charges of submitting false claims amounting to over RM100,000 for learning materials that were never delivered. The 42-year-old Pontian school administrator, Mohd Khairul Md Khalid, was charged under Section 18 of the Malaysian Anti-Corruption Commission (MACC) Act 2009. He also claimed trial to 20 alternative counts of using forged documents under Section 471 of the Penal Code, punishable under Section 465 with a jail term of up to two years, a fine, or both. He was charged with allegedly using false invoices ranging between RM1,170 and RM7,920 to deceive his principal into approving payments amounting to RM101,218.28. No actual delivery of goods took place. The offences were alleged to have occurred between May 1, 2021 and May 1, 2022. If convicted, Khairul faces up to 20 years in jail and a fine of not less than five times the value of the gratification or RM10,000, whichever is higher. Deputy public prosecutor Rais Adha Ramli urged the court to impose RM30,000 bail in total, citing the gravity of the offences. However, defence lawyer Awang Armadajaya Awang Mahmud pleaded for leniency, saying his client's income had been frozen since his arrest in 2023, and that he had been served with a bankruptcy notice. "He supports a wife, two children, and an elderly mother-in-law. The financial pressure is already immense," said the lawyer. The court fixed bail at RM14,000 with one surety. Khairul was also ordered to report to the MACC office monthly. Mention has been fixed for June 23.
Zawya
11-03-2025
- Business
- Zawya
Bahrain: Gulf Union announces net profit of $4.64mln
Bahrain - Gulf Union Insurance and Reinsurance's board of directors announced the company's outstanding financial results for the fiscal year that concluded on December 31, 2024. The business made BD1,752,435 in net profit, which was 5.36 per cent more than the BD1,663,364 profit from the prior year. This expansion demonstrates the company's steadfast dedication to growing in all business domains and improving financial performance, as measured by profitability and shareholder equity. Revenues from insurance services increased 8.87pc in 2024 to BD8,820,765 from BD8,101,938 in 2023. This rise is a result of an increase in the company's business volume and a rise in the demand for its insurance services. Meanwhile, net results from insurance activities decreased by 10.88pc to BD1,063,411 in 2024 from BD1,193,236 in 2023. This decline is attributed to an increase in the number of claims during last year's rainy season and rising insurance operation costs. Additionally, net investment income increased by 26.40pc from 2023 to 2024, from BD406,239 to BD513,488. Strong investment performance and higher investment returns are reflected in this growth. To strengthen our financial position and fuel future expansion, the firm issued 2,000,000 non-cumulative convertible preference shares with a nominal value of BD1 per share to current shareholders on May 7, 2024. The company successfully secured subscriptions totalling BD1,920,000 from existing shareholders and private placements, which amounted to BD1,020,000 and BD900,000, respectively, in December 2024 and January 2025. The chairman, Abdulaziz Al Turki, conveyed his satisfaction with the positive financial results attained in 2024, despite the challenges in competitive insurance market. He also highlighted that the company's significant growth and effective risk management strategies have strengthened its position within Bahrain's insurance sector. Mr Al Turki emphasised that the company is determined to continue growing through its ample internal resources, with plans to expand its business operations and increase its presence in Bahrain within the framework of sound technical competition principles. The chief executive Waleed Mahmood attributed this success to the unwavering efforts of the board's leadership, the dedication of employees to enhancing service quality and product offerings, and the loyalty of customers. He expressed his heartfelt appreciation to all esteemed shareholders, accredited investors, loyal customers, brokers, the Central Bank of Bahrain and reinsurers for their continued support. Mr Mahmood assured stakeholders that the company's future is promising, brimming with significant opportunities for ongoing growth and success in the insurance sector. With an emphasis on innovation and customer-focused services, he is confident that Gulf Union Insurance and Reinsurance Company will not only continue to thrive but also adapt to market changes and capitalise on new opportunities, securing long-term prosperity for all stakeholders. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
