International Customs

CAPE TOWN: South African’s ESKOM has asked the National Energy Regulator (Nersa ) to increase the price of electricity by...

South African gold reserves rise to $71m to 4.850bn

CAPE TOWN: The Reserve Bank reported on Friday said that South Africa’s gold and foreign exchange reserves rose in April....

EU to give Kenya Sh321b for Vision 2030 mega projects

NAIROBI: Kenya will receive Sh321 billion (€3 billion) from the European Union (EU) to finance mega projects under the Vision...

Kenya, Ghana currencies to weaken on dollar demand

NAIROBI: Kenya's shilling and Ghana's cedi could weaken next week on increased dollar demand, while Zambia's currency is seen strengthening...

Vietnam to produce, drink 4.5 billion liters of beer by 2020

HANOI: Vietnam’s total beer production and consumption are projected to reach 4.5 billion liters by 2020, up some 1.4 billion...

Expatriate packages are lower in Taiwan as compare to other Asian countries

TAIPEI: The nation dropped a place to 12th in the latest ranking of expatriate pay packages in the Asia-Pacific region,...

India customs launches APIS at Amritsar airport

byghadia

AMRITSAR: Customs department launched the advance passengers information system (APIS) at Sri Guru Ram Das Ji International airport on Friday....

Remittances from Qatar reach to $10bn in 2014

DOHA: Workers’ remittances have almost doubled in the last five years helped by rising population. Total remittances from Qatar were...

Poland’s Getin net profits growth increase by 42% in Q1 of 2015

WARSAW: Getin Holding recorded a 42 percent increase in consolidated net profits in the first quarter, which corresponds to PLN...

Kuwait police arrested two liquor smugglers

KUWAIT: The Farwaniya police have arrested two Sri Lankans for trafficking in booze. The bootleggers were riding in a car...

MF calls off bonds tender worth of PLN 3.5b

WARSAW: The Ministry of Finance canceled the treasury bonds tender scheduled for Thursday due to “negative impact of the circumstances...

Poland’s gasoline prices rise by PLN 0.02 per liter

WARSAW: Unleaded fuel prices have risen by PLN 0.02 per liter, while diesel prices have grown by PLN 0.01 per...

Polish Bank PKO BP recommends 2014 profit retention

WARSAW: Poland’s largest bank by assets PKO BP recommends no dividend payment from 2014 profit, with PLN 1.9 billion earmarked...

Polish Demand for mortgage loans up 0.4% YoY in April

WARSAW: Demand for mortgage loans in the Polish banking sector slumped visibly in April year on year, while demand for...

Forint recovers on interbank market at 302.85 to the euro: Forex Market

BUDAPEST: The forint was trading at 302.85 to the euro late Friday on the interbank forex market, up from 303.35...

Hungary’s industrial output rises 11.6% YoY in March 2015

BUDAPEST: The Central Statistical Office (KSH) said that the Hungary’s industrial output grew by an annual 11.6% in March 2015....

PSH releases regular Net asset value USD28.27 as of 1st week of May 2015

AMMAN: Pershing Square Holdings, Ltd. released its regular weekly Net Asset Value (NAV) on its. The NAV was computed as...

Hong Kong Customs seizes 1.8kg contraband cocaine

HONG KONG: A 29-year-old woman from the Philippines was arrested at Hong Kong International Airport here the other day after...

Indonesia to cut corporate tax rate to discourage booking of profits in lower-tax countries

JAKARTA: Indonesia will gradually cut its corporate tax rate to discourage companies from booking profits in lower-tax countries such as...

Thai police nabbed politician in accuse of human smuggling