Investment of Rp. 15 trillion (USD1,1 billion) in facility Supports development of national textile industry and ‘Making Indonesia 4.0’ roadmap PANGKALAN KERINCI, INDONESIA  – Media OutReach – 21 February 2020 – The President of Indonesia, Joko Widodo, today inaugurated Indonesia’s largest integrated viscose rayon production facility, injecting a boost for the country’s textile sector and the Indonesian Government’s […]

The Federal Board of Revenue (FBR) has found massive tax evasion by fashion designers.According to the available documents, this was revealed while surveying for new taxpayers. The FBR has found that marriage dress designers charge an exorbitant amount…

United Bank Limited showed outstanding resilience in profitability, making a handsome profit of Rs. 19.1 billion in 2019.The bank’s profit surged over 25 percent in 2019 from the bottom line of Rs. 15.22 billion recorded last year, which was a tough ye…

MONTREAL and TEL AVIV, Israel, Feb. 19, 2020 (GLOBE NEWSWIRE) — Nuvei, a global payment technology provider, has entered into a strategic collaboration agreement with the Max Group (MAX), one of Israel’s leading financial institutions.  Under the partnership, MAX’s commercial customers who wish to establish business activities outside of Israel will have access to Nuvei’s […]

MONTRÉAL, Feb. 18, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today that its President and Chief Executive Officer, Alain Bellemare, and its Senior Vice President and Chief Financial Officer, John Di Bert, will speak at the Barclays Industrial Select Conference in Miami, Florida on Wednesday, February 19, at 1:50 p.m. EST DATE: Wednesday, February 19, 2020 […]

Pakistan Telecommunication Company Limited (PTCL) has signed an MoU with the Rawalpindi Chamber of Commerce and Industries (RCCI) to establish a strategic partnership that offers state of the art digital services from PTCL to the business community ass…

The government has offered up Sukkur Hyderabad Motorway (M 6), a critical component of China Pakistan Economic Corridor (CPEC), for foreign investment at a roadshow which will be completed with an estimated cost of over Rs. 204 billion.According to the…

The federal government has decided to complete the privatization of two RLNG power plants located at Haveli Bahadarshah and Balloki by mid of April 2020.The 8th meeting of the Transaction Committee for Privatization of National Power Parks Management C…