Page 54 - Medium Enterprises Development News Today

Rise in number of patients in hospital wards and ICUs signs of an impending danger: Minister By: ONA The Supreme Committee tasked with tackling developments resulting from coronavirus held a media briefing on Monday. Muscat: The Supreme Committee tasked with tackling developments resulting from coronavirus (COVID-19) pandemic held a media briefing at the Diplomatic Club on Monday where editors from Oman News Agency (ONA), Oman TV and other mass media received updates. Dr. Abdullah Nasser Al Har...

The Ministry of Labour and the Authority for Small and Medium Enterprises Development today signed a cooperation agreement

Share This - x The Central Government recently promulgated the IBC Amendment Ordinance 2021, allowing a pre-packaged insolvency process for micro, small and medium enterprises (MSMEs), in consonance with international best practices. The ordinance in essence has amended the the Insolvency and Bankruptcy Code 2016 allowing the Central Government to notify such pre-packaged process for defaults of not more than Rs. 1 crore to be initiated by the corporate debtor. The Ordinance inter alia ...

Synopsis A pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvency proceedings. This helps to cut down the time and costs in the overall process. iStock In June 2020, the government promulgated an ordinance that suspended initiation of new insolvency proceedings for defaults. The Central Government has promulgated Insolvency and Bankruptcy Code (Amendment) Ordinance 2021 to allow pre-packaged insolvency process ...

Five core focus areas of Omans Economic Stimulus Plan

Omans Economic Stimulus Plan rests on five pillars

SUPPORT EYED FOR NEEDY FAMILIES DURING CURFEW KUWAIT CITY, March 10, (Agencies): The Cabinet has assigned government agencies, based on their speciality, to take the necessary measures and decisions to postpone the payment of all fees for the services provided by the state to business owners (small and medium enterprises) for a period of three months from the date of issuance of this decision. This is in accordance with the texts and procedures in force, after the issuance of the decision to cl...

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Five core focus areas of Omans Economic Stimulus Plan

Property tax abolition on 2 industrial estates promised Peshawar February 27, 2021 PESHAWAR: Special Assistant to Chief Minister on Excise and Taxation Syed Ghazi Ghazan Jamal on Friday announced abolishing property tax for Hayatabad Industrial Estate and Small Industrial Estate, Kohat Road, Peshawar, from the next financial year. He made this announcement while meeting industrialists headed by Sarhad Chamber of Commerce and Industry (SCCI) President Sherbaz Bilour at the Chamber’s House, s...