South Africa plans platinum economic zone
CAPE TOWN: With 70% of platinum being produced in South Africa, the government is working towards opening a new industry-based...
Thai Govt agrees to increase cigarette excise tax
BANGKOK: The Thai government has agreed to increase cigarette excise tax. Effective immediately, smokers can now expect to pay between...
PIA flight operations resume as employees call off strike
KARACHI: All flight operations of Pakistan International Airlines have resumed after Joint Action Committee of PIA employees has announced...
German envoy terms Pakistan an interesting market with 200m young people
LAHORE: German Ambassador to Pakistan Ina Lapel has termed Pakistan an interesting market, having over population of nearly 200...
Bangladesh-Thailand trade to quadruple with direct shipping links
BANGKOK: Annual trade between Bangladesh and Thailand could quadruple to $4.8 billion thanks to an agreement on Tuesday to establish...
IPR suggests workable path towards economic progress
LAHORE: The country’s renowned economic watchdog, in his latest report, has suggested workable path towards economic growth and sustainable...
MCB earns Rs26 billion in 2015 with 5% growth
LAHORE: The country’s one of the leading commercial banks, MCB Bank Limited, earned Rs25.551 billion for the year ended...
Port of Hong Kong container throughput decreased in 2015
HONG KONG: The container throughput of Port of Hong Kong decreased with 9.5% in 2015, amounting to 20.11 million TEU....
Moody’s lowers Malaysia’s profile
KUALA LUMPUR: Moody's has lowered Malaysia's profile to "Strong-" from "Strong" to reflect the operating environment for the Malaysian banks...
Russians spent almost $2 bln in Thailand in 2015
BANGKOK: Russian tourists spent almost $2 billion in Thailand in 2015, Vladimir Sosnov, the chief of the consulate department at...
Kuwait’s DCGD nabs 15 on drug smuggling charges
KUWAIT: Drugs Control General Department (DCGD) officers arrested 15 suspects of different nationalities yesterday on drug smuggling charges. DCGD officials...
QIMC annual net profit rises 4.9% to QR168.8m
DOHA: Qatar Industrial Manufacturing Company (QIMC) has announced the financials for 2015 and reported a net profit of QR168.8m ($46.35m)...
Litro Gas posts record growth in year 2015
COLOMBO: The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion...
Sri Lanka’s port sector regulations, policies need to be updated
COLOMBO: Sri Lanka needs to conduct open discussions and update its information, regulations and policies to provide solutions for ports...
Revenue loss from oil slump may top Rp 100t
JAKARTA: State revenues are estimated to fall between Rp 67 trillion (US$4.91 billion) and Rp 100 trillion this year, as...
NZ beef exports to Taiwan rise to a record, propelling it to third largest market
TAIPEI: Beef exports to Taiwan rose to a record in 2015, propelling it to the country's third-largest beef market behind...
EU installs record wind power capacity
BRUSSELS: The EU installed record wind-power capacity last year as the technology leapfrogged hydropower to become the third-biggest source of...
Betsson to pay disputed back taxes to Germany
BERLIN: Betsson is to pay SEK113m (USD13.4m) in past gambling tax to the German Government in the hope of securing...
Nicaragua plans to build new $400 mln Caribbean port
MANAGUA: In Nicaragua, the National Port Company (EPN) is planning to build a new terminal at Bilwi, Puerto Cabezas, to...
Corruption in customs offices affects businesses: ACCI
KABUL : The Afghanistan Chamber of Commerce and Industry (ACCI) on Tuesday complained the complex tax system, bureaucracy and corruption...
