1.   The first company to have received a licence is due to begin operations by the end of this year.

2.   A super-finance company receives licences to operate foreign exchange and trade financing services.

3.   Although CBL has received Finance Ministry approval to operate, it has not yet received a licence to sell unit trusts to the public.

4.   Benchamas did not give a specific date when the company will receive the licence.

5.   He added that PJB Pacific Securities will operate in Manila soon as it has received a licence to operate in the Philippines.

6.   He did not say if the company has received a licence from the Vietnamese government.

7.   A new radio station set up in Burundi by French humanitarian activist Bernard Kouchner has received its licence to operate, officials said Friday.

8.   Beginning August, learner motorcyclists will also have to undergo a two-year probationary period before receiving full licences.

9.   But industrialists complain that investment opportunities like Equate are few and far between, and new projects face a maze of red tape before they receive a licence.