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Republican Donald Trump put aside the celebrations and focused on Wednesday on his 73-day transition to the White House as rival Hillary Clinton promised to bury the bitterness of their long presidential race and work to unify a divided country. After Trump's stunning upset of the heavily favored Clinton, Democratic President Barack Obama and leading figures in the Republican Party who had struggled to make peace with Trump all vowed to move past the ugliness of the campaign to seek common ground. "Donald Trump is going to be our president. We owe him an open mind and the chance to lead," Clinton, the Democratic nominee, said in a concession speech in New York, joined by her husband, former President Bill Clinton, and daughter Chelsea. With a row of American flags in the background, she told supporters her loss was painful "and it will be for a long time," and that she had offered to work with Trump as he prepares to begin his four-year term on January 20. A wealthy New York real … [Read more...] about Clinton and Obama pledge to unite behind Trump presidency

Petrolimex suspected of tax avoidance The Vietnam General Department of Customs has been informed that Petrolimex might be trying to avoid VND64 billion (USD3.1 million) in new taxes. On June 8, 2012, the Ministry of Finance issued Circular 94 to raise petrol import tariffs. The tax on petrol will be raised from 4% to 7%, diesel will increase from 3% to 6% for and mazut and kerosene 5% to 8%. On June 4, Petrolimex had come and filed their tax declaration for a diesel ship from the Middle East which is expected to arrive on June 17. The old tax rate of 3% would still applied. The officers suspected that Petrolimex knew beforehand about the move to raise the import tax because the corporation previously always filed their declaration one or two days before the ship docked. With this ship, Petrolimex registered and sent their declaration 14 days before the expected arrival date. Petrolimex is one of 14 businesses that trade petrol and has the biggest market share in … [Read more...] about BUSINESS IN BRIEF 6/7