The government is looking at a pre-packed mechanism for small and medium enterprises. The idea is to provide protection to the small enterprises but also to not have the courts jam packed and provide an out-of-court solution to the banks and the creditors. as well. Do you see this being a success in India?
There are several facets to this. If this were to be implemented, it would be a big step on the part of the government. One thing is pretty clear. Right from the emergency credit line - -the first stimulus programme which was followed by second and then RBI which stepped in on Covid-19 stress alleviation, the government has been taking a lot of steps. When initially it was determined that if the financial lenders have to follow the normal course of IBC, then it will be flooded with many cases as a lot of MSEs were facing a lot of stress on account of economic cycles or Covid.
31 people, 5 F&B outlets penalised for breaching COVID-19 rules during Chinese New Year period Toggle share menu
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31 people, 5 F&B outlets penalised for breaching COVID-19 rules during Chinese New Year period Another two F&B operators who had been charged in court earlier, were found guilty and fined.
Club Peaches at Concorde Shopping Mall was found to have engaged hostesses who intermingled with different groups of patrons across multiple tables on Feb 26, 2021. (Photo: Singapore Tourism Board)
05 Mar 2021 02:10PM (Updated:
05 Mar 2021 02:10PM) Share this content
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SINGAPORE: Two food and beverage outlets have been ordered to close while another three were fined for flouting COVID-19 safe management measures, the Ministry of Sustainability and the Environment (MSE) said on Friday (Mar 5).
Technical guide to be introduced ahead of upcoming environmental sanitation regime Toggle share menu
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Technical guide to be introduced ahead of upcoming environmental sanitation regime
A set of guidelines for high-risk premises such as pre-schools and hawker centres will be released to help owners prepare for the upcoming environmental sanitation regime which will take effect later this year, it was announced on Thursday (Mar 4). Melissa Goh reports. 2 related media assets (image or videos) available. Click to see the gallery.
04 Mar 2021 11:15PM) Share this content
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SINGAPORE: A set of guidelines for high-risk premises such as pre-schools and hawker centres will be released to help owners prepare for the upcoming environmental sanitation regime which will take effect later this year, it was announced on Thursday (Mar 4).
By MC Donald Chapalapata | Malawi Nyasa Times Also available: FR
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National Bank of Malawi (NBM) plc has completed the acquisition of a 51% controlling stake in Akiba Commercial Bank plc (ACB) in Tanzania at a consideration of USD 7.31 million through a share subscription.
NBM plc Chief Executive Officer Macfussy Kawawa expressed in an interview yesterday that the acquisition is in line with NBM plc s current strategic plan which has regional expansion as one of its key thrusts.
We are happy that we are now extending our footprints across the boarders in line with our strategic plan. This acquisition is expected to bring about growth in business for both NBM Plc and ACB as the ACB s business offerings to the standards of NBM plc, said Kawawa.
Green Plan 2030 aims to use ‘government influence in a more concrete way’: Grace Fu Toggle share menu
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Green Plan 2030 aims to use ‘government influence in a more concrete way’: Grace Fu
Minister of Sustainability and the Environment Grace Fu speaking to Dr Janil Puthucheary, who hosts the climate change documentary series, A Wicked Problem.
28 Feb 2021 06:10AM) Share this content
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SINGAPORE: The Singapore Green Plan 2030, a nationwide push for sustainability, aims to use government influence in “a more concrete way” to drive action, said sustainability and environment minister Grace Fu on Friday (Feb 26).
The plan, launched earlier this month, charts Singapore’s green targets over the next 10 years, and is spearheaded by five ministries, including the education, national development and transport ministries.