Malayan Banking Bhd recorded a net profit of RM2.39bil for the first quarter ended March 31,2021 (1QFY21) an increase of 16.7% from RM2.05bil last year as loans picked up on an improving economy.
Adobe Stock Images | By Vittaya 25
While it’s vital to have full-time employees, fluctuations in demand for your construction services can make temporary labor a necessity. The gig economy is a major market force that has been accelerated by the COVID-19 pandemic. For example, GigSmart, a staffing platform servicing the construction industry, saw a 460% growth in demand for temporary, hourly work amongst COVID. Construction, food service, and warehouse businesses are currently hiring the greatest number of workers through such staffing platforms.
Nearly every business is experiencing fluctuating staffing demands. Not only can supplementing your workforce with temporary workers give you access to potential talent with skills you may not have access to otherwise, but it might also help you save money during your slower times.
The Federal Inland Revenue Service (FIRS) has proposed a revenue collection of N5.9 trillion in the 2021 fiscal year. FIRS Chairman, Muhammad Nami, disclosed this while presenting the proposed 2021 budget of the agency and the performance of its 2020 budget before the House of Representatives Committee on Finance, Thursday. Target vulnerable poor with COVID-19 […]
…As Reps query increase in recurrent budget, revenue deficit
By Levinus Nwabughiogu
Chairman, Federal Inland Revenue Service, FIRS, Mohammed Nami, yesterday placed their revenue projection for 2021 at N5.9 trillion.
Nami made the disclosure while meeting with the House of Representatives Commitee on Finance, led by James Falake, on the Service’s 2021 budget defence and consideration of its proposed Revenue and Expenditure Estimates.
Out of the proposed figure, the chairman said that non-oil and oil components were expected to generate N4.26 trillion and N1.64 trillion respectively.
He, however, put the cost of collecting the projected revenue at N289.25 billion against the budgeted N180.76 billion in 2020 to fund the three operational expenditure heads for the year.
Reps quiz FIRS on bogus recurrent budget, revenue shortfall Reps quiz FIRS on bogus recurrent budget, revenue shortfall
• Kick against 7 per cent cost of collection worth N298.44bn
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Members of the House of Representatives, on Thursday, quizzed Chairman, Federal Inland Revenue Service (FIRS), Mohammed Nami, over the bogus recurrent expenditure and the inability to meet the N5.077 trillion target, despite the downward review of the N8.7 trillion initial proposed revenue for 2020.
The lawmakers, who expressed the concerns during the 2020 budget defence/2021 budget proposal of Federal Inland Revenue Service held at the instance of the House Committee on Finance chaired by Hon Abiodun Faleke, queried the astronomical increase in various expenditures incurred during the period under review.