Senior Finance Executives Cautiously Optimistic about Business Prospects, but Uncertainty Challenges
The executive, Steve Nechelput, has not been questioned or arrested and is free to travel within China, the British company said in a statement. It said it had been aware of the travel restrictions since the end of June. Nechelput continues to work in his role as finance director for the company’s China unit. Chinese police announced this week they have detained four GSK employees on suspicion of paying bribes to doctors, hospitals and others to encourage them to prescribe the company’s medications. China pursues Glaxo for bribery Police say the employees funneled as much as 3 billion yuan ($490 million) through travel agencies and consulting firms to hide the source of bribes, according to Chinese news reports.
Finance warning for car buyers
“It was our contious decision to reduce exposure in commercial segement including construction equipments, auto components and infrastructure loans. We will continue to do the same. However, we are positively surprised at the growth of our consumer durable loans driven by AC sales,”Jain said. Net interest income (NII) shot up 37 percent y-o-y to Rs600 crore from Rs439 crore.
More specifically, 64 percent of finance executives said they would invest in finance skills and/or systems to support planning, budgeting and forecasting. Thirty-seven percent aim to improve visibility of revenue and expenses and 35 percent will invest in systems to support business analytics. When asked what they would do with cash reserves, less than one out of four executives surveyed (23%) said they would hold their cash. Executives most frequently indicated that they would in part reinvest in their business and/or fund acquisitions (79%). In fact, 60 percent of the executives said either a combination of organic and / or inorganic growth would be their company’s primary driver of growth this year.
After trying to find out more information, Mr Lopez discovered another woman was also in danger of losing her 1996 Nissan Pulsar, given to her by the same couple in lieu of rent payments. The repossession notice said there was a total balance of $13,969.75 owing on both vehicles. The woman, who the Bay of Plenty Times has chosen not to name for legal reasons, said the couple had stayed with her for five weeks before they moved to Australia. The original deal was to have them pay $50 per week to pay for their expenses, but she said she felt guilty asking them to pay when they gifted her their 1996 Nissan Pulsar. The car was repossessed last night.