International Customs

TOKYO: Japan’s Ministry of Agriculture said it would import 300 tonnes of feed-quality wheat, and 1,000 tonnes of barley for...

Driver arrested for smuggling $10,000 illegal cigarettes

NEW YORK: A U-Haul driver was caught trying to smuggle $10,000 in illegal cigarettes into Queens on Sunday, law-enforcement sources...

BOJ new board member Funo Says, central bank achieve 2% price target

TOKYO: Bank of Japan’s newest board member Yukitoshi Funo said the central bank must achieve its price target, indicating his...

Indian customs seizes 11kg gold at Gandhi airport

NEW DELHI: Officials were in for a surprise when 11kg of gold seized from passengers, who had tried to smuggle...

Z Energy’s $785m Caltex mega-deal heads to Commerce Commission

WELLINGTON: The deal, which is one of the biggest takeovers of recent years, will create a giant with almost half...

Auckland property asking price hits record high $800,000 in New Zealand

WELLINGTON: The average asking price for residential property in Auckland has broken through the $800,000 mark for the first time....

Australia’s large-scale renewable energy target from 41twh in 2020

CANBERRA: The Australian Senate’s decision on 24 June to reduce Australia’s Large-Scale Renewable Energy Target from 41TWh in 2020, to...

Mining giant Adani Group’s 16.5b dollar coal mine project in Australia’s Queensland

CANBERRA: Mining giant Adani Group’s 16.5 billion dollar coal mine project in Australia’s Queensland has run into another controversy after...

Global pharmaceutical companies pay tax $85m in Australia on $8bn revenue

CANBERRA: Global pharmaceutical companies paid tax of just $85 million in Australia on revenues of more than $8 billion, including...

Two Taiwanese men detain in Thailand for smuggling drugs

TAIPEI: Two Taiwanese men have been arrested in Thailand for allegedly attempting to smuggle narcotics, the Ministry of Foreign Affairs...

Indonesia to export 1,000 tons of bananas to Japan

JAKARTA: Indonesian bananas will finally be sold in Japan as a result of both countries’ economic partnership agreement (IJEPA) that...

Kuwait’s economic growth determine to maintain healthy pace despite last year’s collapse in oil prices

KUWAIT CITY: Kuwait’s economic growth is set to maintain a healthy pace despite last year’s collapse in oil prices. Growth,...

Qatar non-mining sector contribution in GDP hits 62%

DOHA: Qatar’s economic diversification efforts are fast yielding strong positive results. The share of non-mining sectors in the country’s real...

Malaysia Customs confiscates 40,000 cartons of cigarettes

SEPANG: The Customs Department intercepted a shipment of 40,000 cartons of cigarettes which were falsely declared as plastic products here...

Hungary’s factory gate prices up 1% in May: KSH

BUDAPEST: Hungary’s industrial producer prices saw a year-on-year rise of 1% in May, following a decline that lasted four months,...

Hungarian ÁKK sells HUF 30b of three-month T-bills

BUDAPEST: The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month T-bills at auction yesterday, in line...

Hungary’s Euroventures invests HUF 200m in Furgefutar.hu

BUDAPEST: Euroventures invested HUF 200 mln in Hungarian internet express delivery company Furgefutar.hu, the venture and private capital investor told...

Hungarian economic migrants send cash $1,700 a year

BUDAPEST: A typical migrant sends home $1,700 a year, the average Hungarian living abroad transfers $5,500 each year back to...

Ukraine receives shipments of 2.7m cubic meters of natural gas from Hungary

BUDAPEST: Ukraine received shipments of 2.7 million cubic meters of natural gas from Hungary, 22.9 million cubic meter from Slovakia,...

Maersk pays staff’s salaries early, no funding issue in Greece operations