International Customs

ROME: Italian Prime Minister Matteo Renzi’s cabinet approved a plan to use 6 billion euros of public funds ($6.7 billion)...

New Norway tax rule to replace zero-tax band on first £5,000 of savings interest

OSLO: A million savers need to register to pay no tax on their savings interest when changes to the tax...

Thai deputy prime minister says economy shambles into 2015

BANGKOK: Thai deputy prime minister Pridiyathorn Devakula has said that economy has reacted so favourably to the initial injection of...

Malaysia suffers loss of RM2.4bil revenue due to smuggling of cigarettes, liquor: Customs

KUANTAN: Malaysia has lost nearly RM1.9bil due to the smuggling of cigarettes and another RM500mil due to the smuggling of...

Penalty of RM15,000: Malaysia Customs launches crackdown on GST dodgers

PETALING JAYA: The Customs Department has launched a massive crackdown to hunt down errant business owners who did not register...

Enhance cooperation: Qatari-Russian joint committee holds first meet

DOHA: Qatari -Russian joint committee for trade, economic, scientific and technical cooperation held its first meeting here the other day....

Netherlands customs seizes 1.3 tonnes of cannabis worth £8m at North Shields ferry terminal

AMSTERDAM: Netherlands customs seized cannabis worth at the North Shields ferry terminal. Border Force officers found 1.3 tonnes of cannabis resin...

Qatar’s Ooredoo signs new strategic partnership agreement with Telefَnica

DOHA: Telefَnica and Ooredoo jointly announced the signing of a Strategic Partnership Agreement. The partnership will allow Ooredoo to become...

Thai finance ministry clutches flipside land, house tax bill

BANGKOK: The finance ministry has clutched back its much criticised land and house taxes bill for more inquiries. Earlier the...

Emirates Airlines needs 100 to 200 Airbus A380s: President Tim Clark

BERLIN: Emirates Airline President Tim Clark said the Dubai-based carrier could buy as many as 200 Airbus Group NV A380...

EU breaks cross-border gang for cheating member countries of 150m euros in tax revenue

BRUSSELS: European Union officials said they broke up a cross-border gang responsible for cheating EU member countries of 150 million...

Kuwait authorities seize illicit narcotic pills, arrest six culprits

KUWAIT CITY: Personnel from the Criminal Investigation Department have arrested two citizens for involved in smuggling of narcotic pills. The...

Japanese business activity index comes at 48.5 in February, down from 51.3 in January 2014

TOKYO: The Japan Business Activity Index has come at 48.5 in February, down from 51.3 in January. Although only moderate,...

Kuwait DGDC seizes 46 illicit vodka bottles, Syrian smuggler nabbed

KUWAIT CITY: A Syrian expatriate smuggler was arrested in possession of 46 bottles of Vodka which he stored inside his...

Japanese corporate capital expenditures grow in October-December 2014 but pace slows

TOKYO: Japanese corporate capital expenditures have grown in October-December from a year earlier but the pace slowed from the prior...

Russia’s Reserve Fund down 19.5% to $75.75bln