Thursday , October 29 2020
Breaking News
Home / Tag Archives: plans

Tag Archives: plans

Vietnam’s securities regulator plans measures to lure foreign investors to stock market

HANOI: Vietnam’s securities regulator is planning new measures in the second half of 2015 to lure more foreign investors to a stock market that’s outperformed Southeast Asian peers this year. The government wants to speed account-opening procedures for overseas investors, accelerate the share-listing process, cut the trading settlement period to two days from three, and force listed companies to release ... Read More »

PKP Cargo logistics plans further expansion to buy 49% stake in Pol-Miedz Trans

WARSAW: Poland’s rail freight carrier PKP Cargo, which has recently acquired Czech peer AWT, sees the takeover as only the beginning of a greater acquisition process, PKP Cargo CEO Adam Purwin told the daily Rzeczpospolita. The company is planning to acquire a 49% stake in Pol-Miedz Trans company belonging to copper giant KGHM. The company would also like to acquire ... Read More »

Greece’s Scorpio Bulkers plans new $200m stock offer

ATHENS: NYSE-listed Scorpio Bulkers is planning a share offering in which it will sell $200m of its common stock to fund installment payments for its newbuilding programme. The exact number of shares to be sold in the offering has not been disclosed, but would be roughly 100m shares based on the stock’s current share price. The company has 180.47m shares ... Read More »

Azoty Puławy plans to invest PLN 2.2b on 3 projects

WARSAW: Grupa Azoty Zakłady Azotowe Puławy is going to spend PLN 2.2 billion on three investment projects at Puławy plant which will be completed by 2021, the ISBnews agency reported on Friday. The company decided to construct a mechanical granulation installation worth PLN 385 million, to be completed by 2019, a new nitric acid installation for PLN 695 million, to ... Read More »

Azoty Puławy plans to invest PLN 2.2b on 3 projects

WARSAW: Grupa Azoty Zakłady Azotowe Puławy is going to spend PLN 2.2 billion on three investment projects at Puławy plant which will be completed by 2021, the ISBnews agency reported on Friday. The company decided to construct a mechanical granulation installation worth PLN 385 million, to be completed by 2019, a new nitric acid installation for PLN 695 million, to ... Read More »

Polish KGHM plans to build solar panel production, to create 200 jobs

WARSAW: Poland’s copper giant KGHM is mulling a location for its solar cells production plant, which is to create some 200 jobs. Three special economic zones: Mielecka SSE, Tarnobrzeska SSE and Walbrzyska SSE are competing for the project, the daily Puls Biznesu reports.  Walbrzych-based zone in south-western Poland is the nearest location for the copper giant, but according to the ... Read More »

Hungary plans to open trading house in Serbia

BUDAPEST: The Hungarian National Trading House (MNKH), established by the Hungarian state to explore opportunities for Hungarian companies on foreign markets, will open an office in Belgrade this year, MNKH executive in charge of the Western Balkans László Szabó said yesterday, Hungarian news agency MTI reported. Two new offices are also set to open in Subotica and Novi Sad, northern ... Read More »

Hungary plans to open trading house in Serbia

BUDAPEST: The Hungarian National Trading House (MNKH), established by the Hungarian state to explore opportunities for Hungarian companies on foreign markets, will open an office in Belgrade this year, MNKH executive in charge of the Western Balkans László Szabó said yesterday, Hungarian news agency MTI reported. Two new offices are also set to open in Subotica and Novi Sad, northern ... Read More »

ÁKK plans to sell HUF 50b of 3 month bills at auction

BUDAPEST: The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI said. Primary dealers submitted bids of HUF 100.9 billion. Average yield was 1.48%, 7bp under the secondary market benchmark, and 1bp under the yield at the previous auction of the bills one ... Read More »

ÁKK plans to sell HUF 50b of 3 month bills at auction

BUDAPEST: The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI said. Primary dealers submitted bids of HUF 100.9 billion. Average yield was 1.48%, 7bp under the secondary market benchmark, and 1bp under the yield at the previous auction of the bills one ... Read More »

PZU insurance plans 2-3 banking acquisitions in Poland

WARSAW: The CEO of PZU Andrzej Klesyk told reporters on Monday that the Poland’s largest listed insurance firm PZU is eyeing multiple banking acquisitions in Poland,. “We are looking at the deals,” Klesyk said. Asked about recent reports that the firm is eyeing two or maybe three such purchases, he added: “For us, acquisition of a single bank would make ... Read More »

Athens plans to implement VAT at rate of 18 pct for all services

ATHENS: The government in Athens is planning to implement a single value-added tax rate abolishing all existing exemptions, according to Brussels officials. Sources from the seat of the European Commission speak of a flat 18 percent VAT rate for all services and commodities with the exception of medicines, to come into force by the second half of the year. For ... Read More »

Greece plans to avoid paying the €6.7b due this summer

ATHENS: The Greece’s government makes a plan to avoid paying the €6.7 billion due this summer from maturing bonds by having the debt that the European Central Bank holds resold to another entity. Given that it is highly unlikely Athens will be able to pay the money due in July and August, the government will propose that Frankfurt sells bonds ... Read More »

Getin Noble plans to set up mortgage bank

WARSAW: The Bank Getin Noble filed for the consent of financial market regulator KNF to set up a mortgage bank, to which it intends to transfer its mortgage local portfolio worth a few billion zloty, the bank said Monday. “We are first of all creating a mortgage bank in order to transfer the portfolio, we’re talking about a good several ... Read More »

Canton’s share of direct Swiss federal tax to be increased from 17% to 20.5% in 2015

BERN: Swiss federal council has announced plans for federal and cantonal corporate tax reforms. The canton’s share of direct federal tax will be increased from 17 percent to 20.5 percent in 2015. The Federal Council will scrap plans for the introduction of an interest-adjusted profit tax, after the measure was opposed by a majority of the cantons. It will also ... Read More »

Australia to grab Indonesia to reclaim title as world’s biggest coal exporter by 2017

TOKYO: Australia’s coal producers are looking to other markets after falling Chinese demand. Australia will grab Indonesia to reclaim its title as the world’s biggest coal exporter by 2017, according to government forecasts. In the meantime though, the industry is expected to see tough times as it adjusts to China’s slowdown and a supply overhang from the boom, along with ... Read More »

Japanese automaker Suzuki plans to invest $10m for 2nd plant in Myanmar

TOKYO: The Japanese automaker Suzuki plans to invest tens of millions of dollars to build a second plant in Myanmar, seeking to make quick inroads in the country’s growing market, a report said on Saturday. The small-car maker has already secured a roughly 20-hectare (50-acre) plot at the Thilawa special economic zone southeast of Rangoon for the new plant, the ... Read More »

Japan business lobby plans to encourage companies to allow small firms to pass on costs

TOKYO:  Japan’s most powerful business lobby, Keidanren, agreed on Thursday to encourage companies to allow subcontractors to pass on higher costs as the government tries to relieve a squeeze on profit margins at small firms. Rising input costs have become a contentious issue for subcontractors because many complain clients are refusing to pay more for parts and materials even as ... Read More »

Taiwan’s Tax Authority plans to impose duty on online purchases

TAIPEI: Taiwan’s tax authorities plan to charge a duty on imported goods purchased online even if their value is under NT$3,000 (US$95). The amendment to this regulation is believed to be aimed at imposing taxes to goods bought online and sent to Taiwan by Taobao, China’s leading online shopping platform. Taiwanese buyers who may themselves operate stores have until now ... Read More »

Newcastle City Council plans to re-establish ferry route to Norway

OSLO: Ferry route between Newcastle and its historic Scandinavia are going to be re-established to gathering the neighbor pace. Newcastle City councilors will next week be asked to support proposals to bring back the journey between Newcastle and Bergen and Stavanger in Norway, which was last operated in 2008. Liberal Democrat councilor Greg Stone wants the council to publicly endorse ... Read More »