MILLERSBURG: Mid Penn Bank has approved and disbursed more than $370 million in loans for small businesses since the 2021 Paycheck Protection Program (PPP) portal was opened for community banks in January. Mid Penn Bank has provided loans for more than 3,300 businesses in the 2021 Program. The Small Business Administration backed loans received by these employers has allowed…
Emeco to allocate 25-40% of operating net profit to capital management initiatives each year
SYDNEY: Emeco Holdings approves policy to allocate 25-40% of operating net profit after tax to capital management initiatives each year. The policy will take effect following the end of the 2021 financial year, on a pro rata basis for the second half for the second half. The Board will assess the relative benefits of dividends,…
Fonterra Co-operative suspends FSM shares conversation into units of Fonterra Shareholders’ Fund
AUCKLAND: Fonterra Co-operative Group Limited is temporarily capping the size of the Fonterra Shareholders’ Fund by suspending shares in the Fonterra Shareholders’ Market (FSM) from being exchanged into units in the Fund. This temporary cap will be effective once the current trading halt is lifted when the market opens tomorrow and will remain throughout the…
Byrna Technologies commences trading on Nasdaq
ANDOVER: Byrna Technologies Inc. announced that The Nasdaq Stock Market LLC has approved the listing of the company’s common stock on the Nasdaq Capital Market. Byrna Technologies began trading on the Nasdaq on Wednesday May 5, 2021 under the symbol “BYRN.” The Company’s common stock will continue to trade on the Canadian Stock Exchange. “The…
Sony signs deal to acquire minority stake in Discord chat app
TORONTO: Sony Corp has signed a deal to invest in Discord for a minority stake in the popular chat app for online communities, particularly gaming-focused groups, a news release said. Sony invested in Discord by participating in the startup’s Series H round. Sony will integrate the Discord app into PlayStation consoles and mobile devices. Many…
TraceSafe signs wearable technology agreement with Fred. Olsen Cruise Lines
VANCOUVER: Tracesafe Inc. announced today a two-year wearable technology agreement with Fred. Olsen Cruise Lines on-board their fleet of cruise ships. As Fred. Olsen Cruise lines returns to cruising, TraceSafe is proud to support the cruise line’s health and safety protocols for guests and crew. The partnership will see TraceSafe’s intelligent wearable technology initially deployed…
Total and Government of Papua New Guinea remobilize Papua LNG project
PARIS: After a year of delay because of Covid-19, the Government of Papua New Guinea (PNG) and Total as operator announced the remobilization of the Papua LNG project, a news release said. A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea…
Pakistan Urea offtake jumped by 29%; DAP sales fall by 79% in Apr’21
Apr’21: Urea sales jumped by 29% YoY; DAP sales fall by 79% YoY During the month of Apr’21, data for provisional fertilizer offtake depicts that urea sales underwent a jump of 29% YoY to 312k tons compared to 242k tons in SPLY given lockdown imposed last year to counter COVID-19, which restricted movement across the…
Gimv increases its interest in German dentistry group GPNZ
BRUSSELS: Gimv, a European investment company, has increased its interest in GPNZ (Gesellschaft für Praxisnachfolge in der Zahnmedizin), a fast-growing, high-quality dental platform in Germany, a news release said. In addition to a significant capital increase into the company, Gimv has acquired the shares of co-investors Cannonball and co-founder Marcus Geier. The founder and CEO…
Hanwha Total Petrochemical commissioning a new polypropylene line in South Korea
PARIS: The Hanwha Total Petrochemical (HTC) joint venture is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year, a news release said. At the same time, the start‑up of a fourth propane…
Pakistan Stock Exchange appoints first woman chairperson, Shamshad Akhtar
KARACHI: For the first time in the 73 year history of Pakistan Stock Exchange (PSX), a woman Chairperson has been elected on the Board of Directors. In the first meeting of the newly elected PSX Board held today, Dr. Shamshad Akhtar has been unanimously elected as the PSX Board Chairperson. This is a momentous occasion…
IDEX Biometrics & Chutian Dragon to develop Digital Currency for central bank in China
OSLO: IDEX Biometrics ASA and Chutian Dragon Co. Ltd. (CTD) announced an expansion of their ongoing collaboration to include the development of a Digital Currency/Electronic Payment (DC/EP) card based solution supporting the People’s Bank of China initiative. The new, smart card based digital wallet will be secured by IDEX’s TrustedBio(TM) fingerprint authentication technologies. IDEX is…