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Australian investor to build mine nearby Bogdanka worth of PLN 2.5b

WARSAW: PD Co, owned by Australian Prairie Mining has launched arrangements to construct a mine in the neighborhood of the Bogdanka plant (Lubelskie voivodship), Rzeczpospolita daily reported.  The company is looking for a financial partner to develop the project, whose value is estimated at PLN 2.5 billion. PD Co is going to extract 6 million tons of coal, half of ... Read More »

Australian investor to build mine nearby Bogdanka worth of PLN 2.5b

WARSAW: PD Co, owned by Australian Prairie Mining has launched arrangements to construct a mine in the neighborhood of the Bogdanka plant (Lubelskie voivodship), Rzeczpospolita daily reported.  The company is looking for a financial partner to develop the project, whose value is estimated at PLN 2.5 billion. PD Co is going to extract 6 million tons of coal, half of ... Read More »

Japan becomes 2nd largest foreign investor in Vietnam with 2,494 projects

TOKYO:  Japan is the second largest foreign investor in Vietnam with 2,494 projects with total registered capital of nearly $36.9 billion. However, since 2011, because of difficulties faced by the Japanese economy and the global recession, Japan’s investment in Vietnam has declined. Data by JETRO showed that, in 2014, 436 Japanese-invested projects were licensed in Vietnam, the lowest in three ... Read More »

Singapore becomes third largest investor in Viet Nam with investment of $33b

SINGAPORE: Singapore became one of the top three foreign investors in Viet Nam by the end of February, with a total investment capital of US$33 billion)(S$45 billion). This was revealed by the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). Singapore has so far invested in 1,379 effective investment projects in Viet Nam, with total investment capital pegged at ... Read More »

Singapore becomes third largest investor in Viet Nam with investment of $33b

SINGAPORE: Singapore became one of the top three foreign investors in Viet Nam by the end of February, with a total investment capital of US$33 billion)(S$45 billion). This was revealed by the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). Singapore has so far invested in 1,379 effective investment projects in Viet Nam, with total investment capital pegged at ... Read More »

Banking business to rise by 21.9pc in 3 years

KARACHI: Pakistani banks will get more advantages in three years on account of reviving business dealings and economic recovery signs. Analyst Zeeshan Afzal has revealed that as credit craving has grown, banks have started financing to many sectors including power, textile, telecom, consumer, construction and communication. Investors’ confidence is at peak under the new business-friendly government and the banks have ... Read More »

SECP starts 42 show-cause proceedings

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has initiated 42 new show-cause proceedings in July and August due to non-compliance with legal requirements. During the last two months, the SECP’s Enforcement Department concluded 50 ongoing proceedings against the companies and chief executives, directors and auditors of the companies. Moreover, 19 investor complaints pertaining to non-issuance of shares, non-verification ... Read More »

Long marches inflict Rs 300b loss on national economy: Dastgir

ISLAMABAD: While terming long march as economical murder of the country, the Commerce Minister has said that ongoing long marches have inflicted a loss of at least Rs 300 billion to national economy. “Both the domestic and foreign investors are reluctant to invest in the country under the threat of marchers,” stated the Minister here. Engr. Khurram Dastgir said that long ... Read More »