Two Koreas hold first unification basketball match in 15 years

first_imgTop Pentagon general: US maintains ‘high levels of readiness’ regarding N. Korea PLAY LIST 01:11Top Pentagon general: US maintains ‘high levels of readiness’ regarding N. Korea02:43Philippines make clean sweep in Men’s and Women’s 3×3 Basketball06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Trump assembles a made-for-TV impeachment defense team View comments Report: Disney dropping the ‘Fox’ from movie studio names At the dinner, Kim Il-guk, North Korean sports minister, said that the basketball event would lay the groundwork for further sports exchange between the Koreas and improving relations.According to reports, a North Korean official stated that the welcome event held on the first day of the South Korean delegation’s visit is a reflection of North Korean leader Kim Jong-un’s will and the good atmosphere among the leadership regarding the event.While only the basketball-related schedule has been confirmed, it is widely speculated that Cho is likely to meet with high-level North Korean officials including Ri Son-gwon during the trip.Before the delegation set out from Seoul, a Unification Ministry official told reporters that playing basketball would not be the sole objective of the event.Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. The game, held at Pyongyang’s Ryugyong Chung Ju-yung Gymnasium, was played by men’s and women’s teams comprising a mix of South and North Korean athletes. On Thursday, the two Koreas are scheduled to play against each other. Chung Ju-yung is the late founder of the Hyundai Group that ran a number of inter-Korean businesses, including a resort on the North’s Kumgangsan. All projects are currently suspended.Wednesday’s match was attended by a number of high-level North Korean officials including Choe Hwi, chairman of the National Sports Guidance Committee, and Ri Son-gwon, chairman of the North’s Committee for the Peaceful Reunification of the Country.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’The inter-Korean basketball friendlies started in 1999, when two events were held in Seoul and Pyongyang. Although the two sides had agreed to hold the event on an annual basis, the games were discontinued after the third event held in Pyongyang in 2003.For this year’s event a 101-member delegation led by Minister of Unification Cho Myoung-gyon arrived in Pyongyang on Tuesday. Palace OKs total deployment ban on Kuwait OFWs Putin’s, Xi’s ruler-for-life moves pose challenges to West Nadine Lustre’s phone stolen in Brazil South Korean basketball players engage in training at the Ryugyong Chung Ju-yung Gymnasium in Pyongyang on Wednesday. Joint Press Corps/THE KOREA HERALDSEOUL — Basketball players of South and North Korea played a friendly match in mixed teams, for the first time in 15 years.South and North Korean basketball players held their first match Wednesday, beginning a two-day event in Pyongyang.ADVERTISEMENT LATEST STORIES Volcano watch: Island fissures steaming, lake water receding In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ ‘High crimes and misdemeanors’: Trump impeachment trial begins The South Korean team is led by coach Hur Jae, who had played in the 2003 inter-Korean basketball game.“(I) am back here at the gymnasium after 15 years. Like the first time, (I) feel tense,” Hur said after a training session Wednesday. He added that North Korean athletes he had gotten to know seem to be in high-level posts.Along with Cho, three government officials and Korean Sport and Olympic Committee President Lee Kee-heung are leading the delegation, which includes 30 members of the media as well as support staff.On the first day of the four-day trip, the North hosted a welcome dinner.“Sports exchange has towed reconciliation and peace on the Korean Peninsula at every important juncture in inter-Korean relations,” Cho said at the dinner, going on to express hopes for further inter-Korean sporting events in a wider range of sports.ADVERTISEMENT MOST READ SBP expecting for the worst as it awaits sanctions from Fibalast_img read more

The top five reasons to outsource your payroll

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Brian E. RavencraftPayroll… it is a task that sneaks up on you, and as soon as you take care of it, it seems like it is time to do it all over again. No matter what the industry or how large the operation, many business owners find it advantageous to rely on an outsourced accountant to cut their payroll. From accounting firms to payroll companies, many options are available to you so you can spend more time working in your business, instead of crunching numbers and cutting checks. This month, we look at the top five reasons to give an outsourced payroll solution a shot: 1. Reliability and security of your financesThe last thing you want, as a business owner, is to be penalized by the IRS. Alleviate those penalty pains and worries by picking up a reliable, fully-trained accountant to handle your small business finances. An outside professional is contractually obligated to be completely liable for the entire undertaking, that way, in the off-chance that something goes awry, the outsourced team will pick up the foul, not you. 2. Cost EfficiencyOutsourced payroll services are perfect for small businesses who don’t have the budget to handle the task in-house. Simply put, why hire a full-time accountant to handle your finances and contribute to rising overhead costs when you could have a team of professionals take care of it for a lower cost? Take a look at how much money goes into the function of your accounting department. If you’re running a smaller operation, the hiring of an dedicated accounting professional may be the most optimal path to take. 3. Professional insightKeeping yourself in charge of payroll duties is a great way of staying in touch with the financial forecast and current standings of the company. However, with a transparent accounting team, you can keep that inside look with the immense added value of years of accounting experience and knowledge on your side. You’re dedicated to your craft. Accountants are dedicated to organizing finances. They’re able to spot problems before they arise and compile the best solutions. They are well-versed on all IRS requirements, withholding rates and regulation changes so you don’t have to be. 4. Financial information protectionWhen it comes to your internal finances, some things are best kept a secret from the competition. Hiring an outsourced accountant eliminates the risk of a disgruntled ex-employees walking out on the company with important information at hand. This circumstance is an unfortunate one, but can be protected against ahead of time. 5. Free up time and energyWhen it comes down to it, the old adage reigns true: time is money. Don’t waste your most precious resources. If you’re working at max capacity, running on all cylinders, your team may be best served with you controlling the direction of the operation. Do your company justice by leading — not sticking behind a desk, stressing over numbers and figures. Leave those tasks to a trained accountant and relieve yourself of the burden.As always, I am here to help. Should you have any questions about securing an outsourced payroll solution, please feel free to contact me. Brian E. Ravencraft, CPA, CGMA is a Principal with Holbrook & Manter, CPAs. Brian has been with Holbrook & Manter since 1995, primarily focusing on the areas of Tax Consulting and Management Advisory Services within several firm service areas, focusing on agri-business and closely held businesses and their owners. Holbrook & Manter is a professional services firm founded in 1919 and we are unique in that we offer the resources of a large firm without compromising the focused and responsive personal attention that each client deserves. You can reach Brian through www.HolbrookManter.com.last_img read more