International Customs

BEIJING: China’s crude imports from Iran fell 11.6 percent in April from record shipments a year ago but were still...

Kenya banks make $380m pre-tax profit

NAIROBI: Kenya - Kenyan banks made a pre-tax profit of $378,623,000 during the first quarter of 2015, writes JOHN SAMBO....

Malysia freezes RM560m accounts associated with Customs officers

KOTA KINABALU: Bank accounts containing a total of RM560mil have been frozen, among them 69 accounts associated with Customs officers...

Informal sector resists govt’s planned Aids levy collections

HARARE: The Zimbabwe Informal Sector Organisation (Ziso) has threatened to resist government plans to collect Aids levy from players in...

Hong Kong Customs seized 16.9kg contraband heroin worth HK$18 m

HONG KONG: Cocaine with a street value of HK$18 million has been seized by customs investigators during a series of...

Wärtsilä offers complete propulsion packages compatible with Environmental friendly technology

HELSINKI: Wärtsilä has developed propulsion systems that are capable of operating with Environmentally Acceptable Lubricants (EALs) and comply with the...

Richemont confirms financial losses 35% profit €1.3b

BERN: During its 2014/15 financial year, which ended on March 31, the Swiss company earned in €1.3 billion ($1.4 billion)...

GVH fines HUF 56m to Auchan, charges for misleading advertising

BUDAPEST: Hungaryʼs Competition Office (GVH) fined Auchan Magyarország HUF 56 mln on charges of unfair price comparison practices, GVH said...

Paks port to be develop for HUF 2.5b

BUDAPEST: The Paks port on the Danube, near Hungaryʼs sole nuclear power plant, is expected to undergo developments worth HUF...

Forint eases further versus the euro on interbank market

BUDAPEST: The forint was trading at 307.33 to the euro late Thursday on the interbank forex market, down from 307.04...

General government deficit comes close to 70% of full-year target in April 2015

BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 bln at the end of April, the National...

Hungary per capita GDP 2/3 of E28 average

BUDAPEST: Hungaryʼs GDP per capita, adjusted for purchasing power, was 66% of the average for all 28 European Union member...

Social sector workers to get HUF 7.6b wage supplement during 2015

BUDAPEST: Some 65,000 workers in the social services sector are expected receive wage supplements as of July, Human Resources Minister...

Over 40% Hungarian real estate are underinsured

BUDAPEST: Roughly 40% of Hungary’s real estate insurance contracts may not provide fully comprehensive insurance, a survey published today by...

Quantum foods revenue hit 182% in headline earnings in first 6 months of 2015

CAPE TOWN: Quantum Foods on Monday said it had achieved a "credible" set of results in the first half of...

Nigeria’s Amcon recovers 57% of bad debts

CAPE TOWN: The Asset Management Corporation of Nigeria said it has recovered 57 percent of the bad debts it took...

Huelva makes €126m in revenue from strawberry, raspberry exports http://www.freshplaza.com/article/140320/Huelva-makes-126-million-in-revenue-from-strawberry-and-raspberry-exports

LISBON: In January and February 2015, Huelva exported agro food products worth 152.63 million Euro. This figure represents an increase...

Trade exchange between Jordan, Egypt reaches $656.5m in 2014

AMMAN: The total trade exchange between Jordan and Egypt reached $656.5 million in 2014 compared to $817.8 million in 2013,...

Banks ready to allocate Rs 110b: NBA

KATHMANDU: Nepal Bankers’ Association (NBA) on Sunday said banks were ready to set aside Rs110 billion (10 percent of their...

‘Slash taxes to revive econ’