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...
ECC approves proposal to reduce up to Rs 3 per kWh for industrial consumers
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet here in its meeting has considered proposals regarding different projects and...
Large scale reshuffling in Pakistan Customs likely in next few days
KARACHI: Large scale reshuffling of senior cadre officers in Federal Board of Revenue (FBR) is likely to be expected in...
SECP issues 48 orders for non-compliance
ISLAMABAD: Securities and Exchange Commission of Pakistan’s (SECP) Corporate Supervision Department has concluded adjudication of 48 proceedings against the listed...
FBR IRIS software creating problems in filing tax returns
SIALKOT: Federal Board of Revenue (FBR) IRIS (Integrated Risk Information System) is still creating hurdles for tax returners. Sources told...
Ishaq Dar, World Bank chief to discuss economic cooperation on Feb. 9
ISLAMABAD: The Finance Minister, Mohammad Ishaq Dar chaired a meeting to review and finalize arrangements for the visit of Dr....
Fortescue iron ore shipments gain 3.8%
CANBERRA: Fortescue Metals Group, the world’s fourth-biggest iron ore exporter, said second-quarter shipments rose 3.8%, beating analyst estimates, as costs...
