News Brief

Sberbank launches Best of Business Partners online platform

Moscow (AFP): Sberbank announced the launch of the Best of Business Partners online platform for participants of foreign economic activities. Best of Business Partners is a free of charge open platform that enables the search for participants of foreign economic activities and all necessary services. Information about services, goods, activities and links that could help sell a service or find a reliable partner in any country can be uploaded to the platform. The platform allows participants to choose or order services that are not prohibited by international law, ranging from a meeting at the airport and translation services to the transfer of goods from one country to another and consulting.  “We communicate with entrepreneurs a lot and see they need a platform that will help them enter the international level or strengthen their positions overseas,” said Anatoly Popov, Sberbank’s SVP. “Our new service Best of Business Partners makes it considerably easier for entrepreneurs to find overseas partners and allows them to focus their time and energy on developing their business.”

 Brunei sees surge of registered companies in Q3, 2017

BANDAR SERI BEGAWAN: (NNI): There has been a 12 percent increase in the number of companies registered in Brunei in the third quarter of this year compared to the same period last year, the central bank’s latest policy statement said. According to the statement from Autoriti Monetari Brunei Darussalam (AMBD), Brunei’s central bank, the increase is due to the reforms in the country’s business infrastructure and improvements in the economic climate. The tourism sector, under the services sector, also recorded encouraging growth, experiencing a 25.7 percent increase in the second quarter (Q2) of 2017 compared to Q2 2016. The policy statement further added that the Gross Domestic Product (GDP) in constant prices expanded 0.7 percent year-on-year (y-o-y) in Q2 2017, recovering from a 1.7 percent y-o-y contraction in Q1 2017. The oil and gas sector expanded by 1.1 percent y-o-y at constant prices, supported mainly by the increase in the manufacture of liquefied natural gas and methanol by 11.4 percent y-o-y.

Meanwhile, the non-oil and gas sector also increased by 0.1 percent y-o-y in Q2 2017, mostly contributed by growth in the manufacture of food and beverage products by 13.5 percent y-o-y.

Ongoing diversification efforts of the economy include the attraction of Foreign Direct Investments (FDIs); expansion of micro, small and medium enterprises (MSMEs); the development of economic clusters; and the improvement of the business climate. Raising PIA’s standards is government’s top priority: Mehtab 

ISLAMABAD (Online): Adviser to the Prime Minister on Aviation Sardar Mahtab Ahmed Khan has said that all out efforts are being made to uplift the standards of Pakistan International Airlines (PIA). He expressed these views while chairing the hours long meeting to review the performance of PIA here at Aviation Division in Islamabad on Monday. Besides, Secretary Aviation and Chairman PIA, IrfanIlahi, Chief Executive Officer, PIA, Musharraf Rasool, Chief Operating Officer, Chief Commercial Officer along with the heads of all departments of PIA and other relevant officials of Aviation Division were also among the attendants. Mahtab said that advancement in technology is a dire need of the time, and we are committed to extend the technology and to furnish Pakistan International Airlines with latest equipment to serve our customers at large. He assured that soon we are going to meet this milestone with the help of the efficient officers and staff.

Adviser also emphasized on the fact that dedication and hard work of each employee will contribute towards the National Carrier turnaround. Ends/Adviser reviewed the working procedure and performance of each department in detail and asked the officials to perform their duties in an efficient and vigilant manner.

He said that we all should owe PIA as it is our national institution which needs our attention to retrieve its lost position. Sudan’s 2018 budget estimated at $24.7 billion: SUNA

KHARTOUM (Reuters): Sudan’s draft budget for 2018 is estimated at 173.1 billion Sudanese pounds ($24.7 billion), state news agency SUNA quoted Finance Minister Othman Rukabi as saying at an emergency parliamentary session on Sunday. The Sudanese pound, held at an official level of 6.7 to the dollar, has steadily weakened to more than three times that rate on the black market after the United States lifted a 20-year-old trade embargo. The import-dependent country hopes to see its economy grow by 4 percent in 2018, the cabinet said on Wednesday after it approved next year’s proposed budget. The government in November said it would take new measures to unify the Sudanese pound’s exchange rates by January, but ruled out a currency float. Sudan’s economy has been struggling since the south seceded in 2011, taking with it three-quarters of the country’s oil output. ($1 = 6.9982 Sudanese pounds)

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More