China’s coal-producing province to curb production
TAIYUAN: North China's Shanxi province, one of the country's major coal-producing provinces, plans to maintain its coal production within 1...
23 out of 31 provinces see GDP growth over 7%
BEIJING: As of Wednesday, 31 province-level regions had released their local gross domestic product (GDP) data for last year, China...
Norway reports grim prospects in manufacturing sector
OSLO: Norwegian industrial managers reported negative expectations for the first quarter of 2016 in large parts of manufacturing and suggested...
Philippines Customs examiners probed after opening Japanese royal couple’s cargo
MANILA: Two customs examiners assigned at the Ninoy Aquino International Airport (NAIA) Pair Cargo Customs Bonded Warehouse are now being...
Malaysia Customs foils attempt to smuggle luxury cars
JOHOR BARU: Johor Customs crippled an attempt to smuggle in 26 luxury cars from Singapore worth RM2.9 million including taxes...
Customs Committee introduces discounts for entrepreneurs
BAKU: The Azerbaijani State Customs Committee has introduced a 70 percent-discount on formalizing customs declarations for customs clearance of goods...
Ireland Customs seized cigarettes worth €5m in past week
DUBLIN: A total of more than 9.5 million cigarettes have been seized as part of intelligence-led operations in the State...
Hair salon owners jailed for smuggling 2.5 tons of tobacco into UK
LONDON: Two hair salon owners who smuggled 2.5 tons of tobacco into the UK in a £450,000 tax fraud have...
Singapore December bank lending slips 0.7%
SINGAPORE: Singapore's total bank lending in December fell from the previous month as loans to general commerce and financial institutions...
Tuan Sing’s Q4 earnings drop 41% to $14.4m
SINGAPORE: Net profit fell at Tuan Sing Holdings in the fourth quarter due to a reassessment of some of its...
Swiss firm Bertschi opens S$45m facility in Jurong Island
GENEVA: Swiss chemical logistics firm Bertschi has opened a S$45 million facility in Jurong Island, as the company makes its...
Malaysian police arrest couple for smuggling drugs
DUNGUN: Police have detained a couple for alleged involvement in drug smuggling after raiding the couple's house in Felda Kerteh...
Hong Kong dollar, yuan flat but down for the month
HONG KONG: The Hong Kong dollar and yuan remained flat on Friday morning but both are on track to report...
Facebook clears $1b for quarter
NEW YORK: The social network released its earnings for its fourth quarter and all of 2015 on Wednesday, revealing in...
KFH posts net profit of KD 145.8 m for 2015
KUWAIT: Kuwait Finance House (KFH) Chairman, Hamad Abdulmohsen Al-Marzouq said that KFH, by the Grace of Allah and His Blessings,...
QIIB’s income grows 4.6%, net profit touches QR784m
DOHA: Qatar’s major Islamic lender International Islamic (QIIB) recorded a total income amounting to QR1.59bn, with a net profit of...
Chevron Lubricants 4Q profits up despite higher tax expenses
COLOMBO: Chevron Lubricants Lanka PLC, the local unit of US-based multinational, saw its December quarter (4Q15) net profit increasing 28...
Indonesia to pair 100 SMEs with South Korean SMEs
JAKARTA: The Indonesian and South Korean governments have agreed to pair 100 small and medium enterprises (SMEs), allowing Indonesian SMEs...
AUO reports first loss in 10 quarters
TAIPEI: AU Optronics Corp (AUO) yesterday posted the first quarterly loss in 10 quarters, primarily due to a massive asset...
Small German firms hope to get refugees working
BERLIN: More than half of small and medium-sized companies in Germany believe the mass migrant influx can help alleviate the...
