DMTC Working On Industry Capability Development Program

The DMTC is working on its Industry Capability Development program, good news for Mig welders, and factory workers across Australia, and it’s recently secured more funding from the Queensland government, which will allow them to run more workshops in regional Queensland as part of the endeavours.

Additionally, the DMTC will continue its close partnership with the Defence Industries Queensland in order to help manufacturers across the state to maximise opportunities to enter the supply chains of the defence industry.

The DMTC Industry Capability Development program’s main goal is to create a network of ‘defence-ready’ companies across Australia that are both benchmarked, and are capable of competing on the global market. DMTC says that the program was a very natural fit for them, seeing as they have a strong focus on engaging small to medium enterprises (SMEs) in its R&D efforts.

The multi-phase DMTC program involves benchmarking and tech transfer, on top of providing mentoring as well as evidence-based feedback on what SMEs need to do to develop and grow as a company.

DMTC CEO Dr. Mark Hodge, says that there are a lot of benefits to the program, with the biggest benefit being helping SMEs across Australia to be ‘Defence-ready’.Dr. Hodge says that the Australian SMEs can use the program to show off what they can do, and how they can get into key roles within the supply chains of some of the country’s defence primes.

Dr. Hodge reports that the DMTC’s industry partners in the earlier programs have already reported improvements, which include, among other things, improved Mig welders, greater grasp of the lastest welding techniques and processes, accreditations, global performance benchmarks, as well as helping companies position themselves for future growth.

Built upon previous improvements from Australia’s improvements, the program seeks to improve Australia’s industry capabilities in welding, in particular, the processes involved in welding for maritime and land applications.

Following the program’s successful pilot back in 2017, back in Mackay region, the new workshops in Queensland will target companies in Cairns, Brisbane, Townsville and Rockhampton.

Hackett says that it’s always been troublesome to benchmark businesses from one sector to another, but by demonstrating that the AU’s companies can meet Defence requirements, the companies can be positioned for both present employment and future growth.

 

Denis O’Brien’s Influence To The Clinton’s Foundation Helped People From Haiti After The Earthquake

Denis O’Brien used his influence with Bill Clinton’s charitable foundation to collect relief efforts for the earthquake that happened in Haiti through his mobile company,Digicel.

Freshly revealed emails show that the Irish businessman contacted Doug Band, Mr. Clinton’s closest assistant who handled the Clinton Foundation, ten days after the January 2010 earthquake. He sought assistance to reach the state department, where Bill Clinton’s wife, Hillary, was secretary of state at that time. He wanted to transport relief goods to the Haitian capital Port-au-Prince and to relocate his workers.

As Denis O’Brien wrote in his email to Mr. Band, “He was finding difficulty in getting slots to convey the communication equipment and its engineers to Port-au-Prince.”

“Is there a way to introduce a high ranking official in the State Department to settle the problem quickly? My sincerest apologies for bothering you but it seems that there is no progress using conventional channels.”

Mr. Band’s email to Mr. O’Brien said, “It never bothered us and we’ll see what we can do to help you.” He made a copy to Amitabh Desai, the foreign policy director of the Clinton Foundation, instructing him to work on it.

Help

That night, Mr. Desai sent an email to Caitlin Klevorick and other state department staff, pushing them to help Denis O’Brien, who was considered a Clinton VIP.

Ms. Klevorick then gave close attention to the email sent by Mr. Desai and acknowledged that Mr. O’Brien was indeed a good friend of the President.

The emails were featured on the ABC news stories, where the then Republican presidential nominee Donald Trump used it to aggress Mrs. Clinton, his Democratic opponent to the White House. He claimed that ‘friends of Bill’ got special attention after the Haiti earthquake and tweeted “Unbelievable!”

Donations

Mr. O’Brien, who has given around $10-million and $25-million to the Clinton Foundation personally and through Digicel, opposed that his contacts were purely to seek refuge for what happened in Haiti.

“I see no problem with contacting anyone from the US for transporting an emergency aid to people dying on the streets due to lack of medical attention,” he spoke to ABC in an interview.

Denis O’Brien added that Bill Clinton appealed to everyone to donate in Haiti after such horrible earthquake.

How An Accounting Company In Bangkok Works?

Thailand has improved its economy tremendously from 1985 to 1996. During this period, the economy of Thailand rose to an average of 12.2% annually. However, it has also experienced some crisis that helped modify the processes for industrial growths. In recent years, the country has emerged to become an industrial hub catering to many opportunities for industrialists and its people. And to improve the processes, it will need a high quality accounting company in Bangkok to record and monitor the growth.

Presently, the accounting and auditing standards in Thailand are created by the ICAAT (Institute of Certified Accountants and Auditors in Thailand). The guidelines for accounting and auditing especially for government taxes and financial statements abide by the ICAAT standards.

Up till today, the ICAAT have issued a number of accounting standards to regulate accounting policies, income statements, EPS, government taxes and various accounting modifications which have developed in recent years. The accounting system is regulated by the board of supervision for auditing practices, which oversee the accounting and auditing standards implemented and may make alternations when required. So here’s how some accounting company in Bangkok does the processes:

  • Accounting for a newly incorporated company

All companies operating in Thailand must have a TIN within sixty days of its incorporation.

  • Personal and corporate income tax falls under the direct tax

Accounting in Thailand is somehow different from other countries. Here you’ll notice that the CIT and PIT are parts of direct taxes. The corporate income taxes are charged to a partnership firm or company, which has been formed under the Company Act of Thailand. The same rules apply even if they are owned by foreign investors. However, foreign companies must accomplish a quarterly profit and loss statements and submit it to the regulating bodies.

  • The need to prepare accounts

All companies operating in Thailand will have to prepare transaction records. It can either be credit or debit transactions. The companies also need to prepare a list of transactions done in purchasing things outside Thailand. This rule is applicable to all types of business entities.

  • All records must be reviewed by an accountant

Business obligations and transactions must be carefully monitored by a certified accountant to ascertain any type of errors. These records must be submitted within few months after the end of a financial year.