Monday 22 June 2020 To advertise contact: Tel: 44557 857 or email: adv@pen.com.qa

04 MONDAY 22 JUNE 2020CLASSIFIEDS

RequiredWe are required the below

staffs for our company

Plumbers, Painter, Electrician, Mason (Plastering

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Contact: 44671224Or send CV: info@p2p-designs.com

Customs Broker & Logistic

Customs Broker & Logistic Experience 20 years.

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Call: 55410141Email: nagi7488@gmail.com

SITUATION VACANT

SITUATION WANTED

05MONDAY 22 JUNE 2020 CLASSIFIEDS

ARTECHSage Accounting, Peachtree, QuickBooks, Dynacom, DacEasy, Tally, POS, Bar Code, Fixed Assets Software’s.Tel: +974 44375654 E-mail: artech@ar-technology.net

ACCOUNTING SOFTWARES

GEM ADVERTISING & PUBLICATIONS(Overseas Newspaper Advertisements) Tel: 44442001 - GSM: 55783303

ADVERTISING OVERSEAS NEWSPAPER

ATTESTATION

CALIBRATION SERVICES

ASIA TRANSLATION & SERVICES CENTRELeading Legal Translators & Document Legalization Since 1987. Indian Certificate Attestation. Head Office: 44364555/50233133 - Al Hilal Branch: 44621334 - Salwa Road Branch: 66038181 Mobile Contacts: Sufiyan - 66192881/Yoonus - 77813190

ARMSTRONGWindow/Split/Package/Central Units. Sales, Services, Spare Parts/Window/Split & Central A/C. Annual Contracts. Mobile: 555 54 274 (Kumar)E-mail: service@armstrongmachinery.com www.armstrongmachinery.com

A/C MAINTENANCE & SERVICES

ALWASEEM TRANSLATION & SERVICES CENTERAuthorized Translators - Company Formation and PRO Services (Opp-Karwa Bus Stat. Doha, Al-Saeed Buil.2nd Floor.) M : 50822292 / 31586616 T : 44116727 E-mail : info.alwaseemtranslation@gmail.com Web : www.alwaseemtranslation.com

BUSINESS SET-UP

HELPLINE GROUPCertificate attestation from INDIA| UK | USA | CANADA | PHILIPPINE and Gulf Countries20 Years of experience and ISO Registered CompanyHELPLINE GROUP, C Ring Road Tel:(+974)-44271100Mob: 31550149 Email: info@Qatarhelplinegroup.com

HELPLINE GROUPCompany Registration, Local Sponsorship, Trademark, Feasibility Study, Tax systems and PRO Services. Our branches QATAR| KUWAIT | UAE | INDIA | UK | CANADA. (formed more than 3000 companies)HELPLINE GROUP, C Ring Road Tel: (+974)-44271100MOB: 77711129 Email: cf@qatarhelplinegroup.com

AL HAYIKI TRANSLATION & SERVICES EST.Authorized Translation & Certificate Attestation since 1992Sofitel Complex (Mercure Hotel) Ground Floor, Office No. 25Mob: 33411150 & 33411153, Tel: 44367755 & 44181990E-mail: hayiki4u@gmail.com Web: www.alhayikitranslation.com

QUEENS LAND SERVICESBusiness Set-up and Sponsorship. Debt Collection. Real Estate Services Mob: 77776917 E-mail: info@qlsqatar.com

INVEST IN QATAR

IMMIGRATION SERVICES

HELPLINE GROUPComplete Manpower SolutionsBusiness Structure and Business PlanningTel: (+974)-44271100 Mob: 77711129 Web: helplinehrconsulting.com

HR CONSULTATION

AL SALEH GROUP(HR)Tel: 44423838Send CV to Email: alsalehmanpower444@gmail.com

ARMSTRONGRepairs/Spare Parts & Rentals. Power from 5KVA to 2000KVA Sales/Services/ Spare Parts & Rentals. Annual Contracts.Mobile: 555 54 274 (Kumar) E-mail: secretary@armstrongmachinery.com www.armstrongmachinery.com

GENERATORS SERVICING

CLEANING AND MAINTENANCE

AL MUTWASSIT CLEANING & PEST CONTROLComplete General Cleaning For Residential & Commercial. Supply of Cleaning Staff on Contract Basis. Pest Control Services. Office: 44367555 Mob: 30029977/55875920 E-mail: info@amcqatar.co

AL SALEH CLEANING & HOSPITALITYComplete General Cleaning Services for Old & New Villas.Tel: 44423838 GSM: 55508393 - 55526943 - 50190005

CAPITAL CLEANING COMPANY W.L.L.Complete General Cleaning Services for Old and New VillasTel: 44582257 Mobile: 33189899/ 55565328E-mail: capitalcleaningwll@gmail.com

WOKEER INDUSTRIAL AREAFrom 150 - 200 LaborsMobile: 660 02 704 (Steve)E-mail: portacabins@iescoqatar.com

LABOUR CAMP FOR RENT

ARMSTRONG1000-4000 Gallon Tankers - Daily/Monthly/Yearly Contracts. Mobile: 660 41 449 (Neil)E-mail: portacabins6@iescoqatar.comwww.iescoqatar.com.

SEWAGE & WASTE REMOVAL

SCAFFOLDING

APOLLO ENTERPRISES SCAFFOLDING DIVISIONContract/Hire/Sale - Salwa Road. Tel: 44693334 Fax: 44416274 GSM: 55521089/55560246/55536285 www.apollo-qatar.net - E-mail: apolloscaff@qatar.net.qa

REAL ESTATE

AL MUFTAH SERVICESTel: 44634444/44010700 Mob: 55542067/55823100 E Mail: reservations@rentacardoha.com Website: www.rentacardoha.com

TRANSLATION

HELPLINE GROUPAuthorized Translation Centre.We speak more than 100 Languages. C Ring Road, Near by Toyota Signal Tel: (974)-44271100 Mob: 70114857 Email: info@helplinetranslation.com

PARTY KINGDOMNear Jaidah Flyover, Nasrallah Centre. Tel: 44353501/ 44366431

E-mail: partykingdom10doha@yahoo.com

PARTY ITEMS & BALLOON DECORATION

ARMSTRONGPorta Cabins/Pre-Fabricated Buildings/Toilets/Security Cabins. Fire Rated/Non Fire Rated. Mobile: 557 80 396 (Steve)E-mail: portacabins2@iescoqatar.com www.iescoqatar.com.

PORTA CABINS (Sales & Rentals)

ARMSTRONGFive Peals-USA Sales/Rental Service/Cleaning, Sewage Removal. Daily/Monthly/Yearly. Mobile: 557 80 396 (Steve)E-mail: portacabins2@iescoqatar.com www.iescoqatar.com.

PORTABLE & CHEMICAL TOILETS (Sales & Rentals)

MEDIA SERVICES

RENT A CAR

AL MUFTAH RENT A CARMain Office: D’ Ring Rd, T: 44634444/44010700 Branches: Airport: 44634433 Al Khor: 44113344 E Mail: reservations@rentacardoha.com Website: www.rentacardoha.com

OASIS RENT A CARYOU RENT MORE THAN A CAR WITH OASISAllen: 6641 7354 Tel: 4413 0011 - OasisCars.com Rental@OasisCars.Com - - Great deals on long term rentals

REGENCY FLEETS (A Regency Group Co.)Special Corporate leasing and Rental rates. Price includes Comprehensive Insurance, Maintenance, Replacement Vehicle etc. Driven by Values. E-mail: info@regencyfleets.com Tel: 44433822/44554046/44554048 Fax: 44554047 Airport Branch (24hrs): Tel.: 70482655

NATIONAL - ALAMO RENT A CARCars - 4WDs - Pickups - Buses - Chauffeur Drive Call: 5547 8150, 5040 0624 Web: www.national-qatar.comE-mail: info@national-qatar.com

BUDGET RENT A CARCompetitive Rates for Car Rental & Leasing, 24/7 Airport Rental Section,Free Road Side Assistance, Easy & Fast Booking ProcessHead Office: Barwa Village T: 44325500 M: 66971703 Toll Free: 800-4627Email: info@budgetqatar.com Website: www.budgetqatar.com

AL SALEH REAL ESTATETel: 44423838. Mob: 33721133 E-mail: abnaasalehgroup@gmail.com

HOME CARE

ARMSTRONGAblution & Event Toilets Rental, Porta Cabins, Chemical Toilets & Other Equipment Rental.Mobile : 557 80 396 (Steve) E-mail: portacabins2@iescoqatar.comwww.iescoqatar.com

EVENT RENTALS/ ABLUTIONTOILETS

MASSAGE

KOTTAKKAL AYURVEDIC MASSAGE CENTREAyurvedic Massage, Philippine & Thai Massage. Near Badriya Signal, Bin Mehmood. Tel.: 44360061 GSM: 33453697

MEDIHERB MASSAGEKerala Ayurvedic, Thai, Philippine Massage (Gents & Ladies) for back pain, body pain, arthritis etc shirodhara, steam, Moroccan Bathe, Body Scrub etc. E-Ring Road,

Near ICC Signal, Nuaija. Tel: 66167700 - 50736611

AUTHENTIC THAI MASSAGE CENTERSFB: Royal Thai Men Spa, New Slata (Men Only)www.thaimassagedoha.com, Tel: 44666145FB: Royal Thai Lady Spa, Al Waab (Ladies Only)www.royalthailadyspa.com, Tel: 44142400

WATER TANK CLEANING

AL MUTWASSIT CLEANING & PEST CONTROLKharaba st, Behind white Mosque. Fax: 443679 99 - GSM. 55875920/55860432

CAPITAL CLEANING COMPANYCleaning Water Tanks & Pest Control. GSM: 55565328/ 33189899 Tel: 44582257 E-mail: capitalcleaningwll@gmail.com

WOKEER INDUSTRIAL AREAAvailable Sizes: 358/415/510/830/1340 Sqm.Mobile: 660 02 704 (Steve)E-mail: portacabins@iescoqatar.com

WAREHOUSE FOR RENT

ARMSTRONGNew & Used Containers - Sales/Rental (Certified & Uncertified) Mobile: 557 80 396 (Steve)E-mail: portacabins2@iescoqatar.com www.iescoqatar.com.

USED CONTAINERS (Sales & Rentals)

02 MONDAY 22 JUNE 2020BUSINESS

Economic downturn due to COVID-19 makes SMEs very vulnerable with generally small reserves and limited working capital.

M&A a good growth strategyduring challenging times: ExpertTHE PENINSULA - DOHA

The prolonged lockdown has created an unprecedented sit-uation for many Small and Medium Enterprises (SME) as a lot of them may not have ade-quate working capital or cash flow to restart their operations after months of shutdown. This can be a win-win situation for investors who are looking for inorganic growth and diversi-fying their investment portfolio, noted an industry expert, yesterday.

Sundaresan Rajeswar (pic-tured), who specialises in asset valuation services has said that right strategy should be there to pursue small deals that accrue to a meaningful amount of market capitalisation over multiple years instead of relying on big-bang transactions due to today’s fast-moving, increas-ingly uncertain business environment.

“An economic downturn due to COVID-19 makes SMEs very vulnerable with generally small reserves and limited working capital. Many SMEs rely upon a steady flow of con-tinuous demand for their products and services else it will struggle to survive a prolonged period of reduced economic

activity,” said Rajeswar, who is working for a subsidiary of Teyseer Group.

He added: “One way to strengthen entrepreneurial resilience in fragile settings will be to support through an extended period of an economic downturn by increasing the liquidity. Companies looking for business expansion opportu-nities can get into win-win sit-uations through mergers and acquisitions (M&A) of smaller business entities. M&A success track record indicates industry-specific scalability, getting skills and technologies faster or at a lower cost, consolidate to improve competitive behaviour and transformational merger as prime drivers.”

He also said that a diligent

M&A decision is always con-sidered a significant milestone in a successful business story. The need post-COVID-19 crisis will be to build resiliency, and a pragmatic M&A can help com-panies resort to proactive deal sourcing and opportunistic deal evaluation.

“The strategy should be to pursue small deals that accrue to a meaningful amount of market capitalisation over mul-tiple years instead of relying on big-bang transactions due to today’s fast-moving, increas-ingly uncertain business envi-ronment. Treat M&A as an enduring capability rather than a project or a rare event. M&A strategy and corporate strategy should be connected, and hence

starting point should be a thorough self-assessment with a market assessment of the company.

M&A initiatives should start with an evaluation process by identifying growth opportu-nities in business lines, markets served, or a combination thereof. Ascertain whether the strategic value-added business case for a combined entity is compelling enough to proceed. Thus methodically identify “likely suspects” as well as “outside the box” possibilities based on management expe-rience, in-house research, use of consultants, and other methods.

The valuation of an entity being acquired involves assessing the target company, and there are three key valu-ation methods; discounted cash flow analysis, comparable transaction analysis, and com-parable publicly-traded company analysis. The next is due diligence that involves a critical review of financial, legal, and operational position to ensure the accuracy of the information and full disclosure. Post completion of due dili-gence, the parties to negotiate definitive agreements and execute it.

Wirecard’s missing $2.1bn

didn’t enter Philippines,

says central bank governorREUTERS - MANILA

None of the $2.1bn missing from scandal-hit German pay-ments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said yesterday.

Bangko Sentral ng Pilipinas Governor Benjamin Diokno (pic-tured) said in a statement the Southeast Asian country’s biggest lenders, BDO Unibank and Bank of the Philippine Islands, suffered no losses, despite having been named in connection with the missing funds.

The chief executive of Wirecard, Markus Braun, who built the company into one of the hottest financial technology investments in Europe and a rare tech champion for Germany, quit on Friday as the company faces a cash crunch after saying it may have been the victim of fraud. The search for the missing cash hit a dead end in the Philippines, but the two Philippine banks have said documents purporting to show Wirecard had deposited funds with them were false.

“The initial report is that no money entered the Philip-pines and that there is no loss to both banks,” Diokno said, though he added that the central bank was investigating.

“The international financial scandal used the names of two of the country’s biggest banks - BDO and BPI - in an attempt to cover the perpetrators’ track,” he said.

BDO and BPI have stated that Wirecard was not their client and that they had no business relationship with the German firm, Diokno said.

BPI, however, told Reuters on Saturday that it had sus-pended an assistant manager whose signature appeared on one of the fraudulent documents.

BDO told the central bank that it appeared one of its mar-keting officers had fabricated a bank certificate. Diokno reit-erated the Philippine banking system was in a strong position going into the coronavirus pan-demic and well-capitalised.

Therapeutic serum neutralizes COVID-19Argentine Chemical Technician Joaquin Gonzalez (centre) and Biotechnology Technician Romina Ramondino (right) work next to the Director of Inmunova Laboratory Biologist Linus Spatz (second left) and Biologist Romina Pardo at Inmunova Laboratory, in San Mart�n, Buenos Aires, amid the new coronavirus pandemic. Argentine researchers have developed a therapeutic serum that showed at in vitro tests the ability to neutralize the SARS-Cov-2 virus that causes COVID-19.

Huawei launches Sound X and MatePad ProTHE PENINSULA- DOHA Huawei recently released its all-new HUAWEI Sound X, the brand’s interactive speaker co-engineered with French audio brand Devialet. Packing a powerful punch that com-bines Devialet’s acoustic design with Huawei’s advanced tech, the collabo-ration is set to transform users’ audio experience.

Carving out a strong rep-utation due to its premium, High-Fidelity products, Devialet is famous for its flamboyant design, powerful and immersive bass, and impressive audio quality. With a host of clever features including Devialet Dual Sub-woofers and Push-Push Acoustic Design, the HUAWEI Sound X offers an audio expe-rience that can be felt as well

as heard. Despite its compact build, the small but mighty speaker can deliver thun-derous bass, thanks to its dual 3.5-inch Devialet subwoofers with 60W bass power. They can hit amplitudes of up to 20 mm, so the vibrations can be seen, heard and felt. The device’s symmetrical structure also means that each speaker cancels out the back-wave vibrations of its

counterpart so the body remains stable, even when the tunes are really blasting out. As it has been imbued with Devialet’s SAM (Speaker Active Matching) technology, the speaker can faithfully reproduce bass in real-time, along with high-fidelity audio. The speaker is also made with Magnetic rare-earth mate-rials, which contributes towards rich and powerful

sounds. Designed with produc-

tivity and entertainment capabilities in mind, HUA-WEI’s flagship tablet is set to elevate consumer experiences and bring their ideas to life.

The Huawei MatePad Pro is available for purchase on all HUAWEI official stores and authorized distributors. The HUAWEI MatePad Pro comes in an elegant Midnight Grey.

US Treasury too secretive on small business loans, say watchdogs AP - NEW YORK

The Trump administration has relented to public pressure and pledged to provide more details about which small busi-nesses received loans from a $600bn-plus coronavirus aid programme. But government watchdogs say even more transparency is needed to get an accurate picture of who was helped, and who was left out.

Under pressure from Dem-ocratic lawmakers and gov-ernment watchdogs, the Treasury Department and the Small Business Administration said Friday they would dis-close the names of small business owners who received $150,000 or more in for-givable loans. The agencies will reveal the general amount these businesses received, their address, demographic data and the number of jobs they helped protect.

But for loans of less than $150,000, the agencies will not name the recipients, revealing only summary information broken down by zip code, industry and demographics.

Experts say this could paint an incomplete or misleading picture. Recipients of smaller loans could be part of a bigger subsidiary that would be hidden, and it won’t be clear what percentage of loans went t o m i n o r i t y - o w n e d businesses.

A factory located in a minority neighborhood, for example, could be owned by an individual or conglomerate based elsewhere.

The administration’s new approach on disclosure ”is a big deal compared to where we were, but it’s not enough to have confidence that this money is going to the right people, who actually urgently need it,” said Danielle Brian (pictured), executive director of the nonpartisan Project On

Government Oversight.Treasury Department

spokespeople didn’t respond to a request for comment on Saturday, although Secretary Steven Mnuchin has previously said he is concerned about business owners’ privacy.

Senator Marco Rubio, the Florida Republican who heads the Senate Small Business Committee, said on Friday that Treasury’s plan to disclose more information strikes the right balance.

As of Friday, the SBA said it had processed 4.6 million loans worth about $512bn. Nearly 75 percent of the money approved so far has gone to businesses borrowing more than $150,000. But 86 percent of the loans have gone to businesses borrowing less than $150,000, according to the SBA.

The Paycheck Protection Program started in early April and runs out at the end of the month. The loans can be for-given if businesses use the money to keep employees on payroll or rehire workers who have been laid off.

Several hundred publicly traded companies received these loans despite their likely ability to borrow money else-where and, after an outcry, some said they would return the money.

The pandemic has caused

a deep recession and the US unemployment rate is above 13 percent after falling slightly in May.

Economists have said the small business loan pro-gramme has helped, although it’s hard to know by how much.

The SBA has so far only provided general information about the beneficiaries of its loans, such as the industry they are in and the state in which they are located.

John Arensmeyer, founder and CEO of the Small Business Majority, said in a statement that minority- and women-owned businesses appear to be getting disproportionately less funding than others, based on surveys of the 65,000 busi-nesses in his network.

“To understand how rampant this problem is, the administration ought to release the loan amount requested and loan amount received for all recipients,” Arensmeyer said.

Watchdogs also are seeking information from the banks that processed the gov-ernment-loan applications.

A US House subcommittee investigating coronavirus relief programmes last week asked bank executives for complete lists of applicants and whether they were approved.

Robert Weissman, pres-ident of Public Citizen, a con-sumer advocacy organization, says that having a robust picture of how the money was allocated will also help offer lessons for the future. The coronavirus pandemic isn’t going away any time soon, and the economy could need another assistance pro-gramme, he says.

“It’s taxpayer money,” he said. “It is completely rea-sonable for the public to know who received it.”

Morocco to resume domestic travel and services

REUTERS - RABAT

Morocco will further loosen lockdown measures for the services sector and domestic transport starting June 24, the government said yesterday.

Cafes, restaurants, sports clubs, and other services and entertainment businesses will be able to resume activity at half capacity except in the provinces of Tangier, Larache, Marrakech and Kenitra, where infections remain higher, it said.

Domestic travel will resume including flights and railways, it said. International passenger traffic remains suspended.

Mosques have been closed since the lockdown started on March 20 and the state of emergency has been extended to July 10. Schools will only

reopen in September.Most coronavirus cases

registered recently were in industrial or among extended families, with 457 cases on Friday, the largest single-day rise in cases, in a cluster linked to fruit packaging plants north of Rabat, where a field hospital was set up.

Morocco has grouped COVID-19 patients in two hospitals near Casablanca and near Marrakech to free capacity at other hospitals.

By yesterday morning, Morocco had recorded 9,957 cases, including 213 deaths and 8,249 recoveries.

The country has airlifted Moroccan-made medical sup-plies to 15 African countries, including 8 million masks, protective gear, sanitiser and medicine.

Apple to start

assembling iPhone

SE in India: Report

IANS - SAN FRANCISCO

Apple is reportedly planning to assemble its new iPhone SE in India. The iPhone maker has already asked one of its suppliers in China to start shipping compo-nents for the iPhone SE 2020 to its manufacturing partner Wistron in India, reports AppleInsider.

Assembling the iPhone SE 2020 under the ‘Make in India’ ini-tiative will help the company in avoiding the 20 per cent tax on its imported phones and reducing the price of the device in India.

This news comes at a time when the Indian government has also started an initiative to increase manufacturing in the country.

Apple is reportedly seeking to shift roughly a fifth of existing China-based output to India, which could equate to $40bn in local manufacturing revenues over the next five years.