Around a fifth of payments made by government departments and agencies are more than 15 days late, the Government has admitted. Some 12,409 payments of the 62,013 payments made in this last quarter were made after the 15-day deadline agreed by government.
A total of 49,604 payments valued at €1.25bn were paid within 15 days, Small Business Minister John Perry said. "It is vitally important that small businesses continue to be paid on time," he added.
Digicel expresses Myanmar interest
Mobile phone company Digicel has submitted an expression of interest to the government in Myanmar, the company said yesterday. Digicel wants to win a contract to supply mobile phones in the country, which is slowly opening up to western investment.
Digicel is already one year into a two-year sponsorship of the Myanmar Football Federation and recently made a commitment to Special Olympics Myanmar.
Kenmare sales hit $235m last year
Kenmare Resources said sales jumped 40pc to $234.5m in 2012 as the company's mine in Mozambique produced 574,400 tonnes of ilmenite and 46,900 tonnes of zircon.
Global titanium feedstock inventories are depleting and demand outlook improving, the company added.
PAC to quiz boss of Enterprise Ireland
The Public Accounts Committee is set to quiz Enterprise Ireland boss Frank Ryan today about how the state agency plans to help entrepreneurs and businesses.
Committee chairman John McGuinness said he planned to examine whether Enterprise Ireland had exceeded targets and how the so-called Action Plan for Jobs was progressing.
PTSB launches new banking app
Permanent tsb has launched a new mobile banking app for smartphones. The launch comes as almost 30pc of customers are already accessing the Permanent tsb website using their smartphones, the company said.
The app allows customers registered for online banking to transfer funds, pay bills and check balances from their smartphone.