Import tax concessions ‘will not apply to vehicle importers’
COLOMBO: President of the association, Indika Sampath Merinchige, said the Finance Minister had stated that only vehicle imports by individuals...
Iran’s diesel exports hit historic record
TEHRAN: Iran announced Jan. 11 that during the last nine months it exported 1.25 billion liters of diesel thanks to...
Analyst expects Kuwaiti oil price to hit $34 in 2016
KUWAIT: The expected average price for Brent Crude oil in 2016 is $39 per barrel, equivalent to $34 per barrel...
Danish Maersk Line to invest in Colombo Port expansion
COPENHAGEN: Danish multinationals including Maersk Line and Novo Nordisk are seeking to invest in Sri Lanka, Danish Ambassador for Sri...
Toyo Construction, JFE to construct port in Myanmar
TOKYO: Toyo Construction and JFE Engineering have received an order from the Myanmar government to build port facilities in a...
Australian economic office to be established in Tehran
TEHRAN: Australian ambassador to Tehran has said the country will establish its economic office in Tehran. According to IMIDRO public...
Kuwait trade surplus narrows in Q3 on lower oil revenues
KUWAIT: Kuwait’s trade surplus narrowed in 3Q15 on the back of lower oil revenues. However, the surplus remains relatively healthy...
Ukraine bans Russian meat, fish imports in retaliation
KIEV: The Ukrainian government has decided to ban imports of food products, including meat, from Russia. The move is a...
Ukrainian exchange brokers trade for foreign suppliers
KIEV: International energy companies have started to use the Ukraine’s Universal Interbank Commodity Exchange (UICE) to sell gas to Ukrainian...
Zimbabwe secures $1.7 mln loan for business
HARARE: Harare City Council has secured $1,7 million from ZB Bank to fund its business ventures, most of which are...
Belgium investor to park $1b in dollar deposits, says Finance Minister
BRUSSELS: An investor has promised to park 1 billion dollars in dollar deposits in Sri Lanka to help the island...
Italian rubber equipment exports up in 2015
MILAN: Assocomaplast, the Italian trade association for plastic and rubber processing equipment makers, has said the 2015 full-year forecast is...
Norway’s Kaarstoe gas plant remains shut down due to gas leak
OSLO: Most production at Norway’s Kaarstoe gas processing plant was shut down due to a gas leak, gas system operator...
UTCC export growth 2% in 2016
THAILAND: Exports will return to positive territory this year with 2% growth for the first time in four years, the...
German planed lumber exports decline by 7%
BERLIN: German exports of planed softwood lumber decreased by 7% in the third quarter vis à vis last year's comparative...
Telkom to raise loans of up to Rp 10 trillion
JAKARTA: State-run telecommunication provider PT Telekomunikasi Indonesia (Telkom) seeks to secure loans of up to Rp 10 trillion for working...
Indonesia’s bankers expect BI to cut rate
JAKARTA: Bank Indonesia (BI) should have enough space to cut its interest rate by 25 basis points because inflation remains...
S. Korea gains 0.3% export prices in Dec
SEOUL: Export prices in South Korea added 0.3 percent on month in December, the Bank of Korea said on Wednesday...
Italian wine exports rise by 6% to €5.4b in 2015
ROME: The value of Italian wine exports grew by an estimated 6 per cent to €5.4 billion in 2015, compared...
India’s tea exports to Pakistan increase 42%
NEW DELHI: India's tea exports to Pakistan have increased by 42 per cent to Rs 116.12 crore in the first...
