International Customs

AMSTERDAM: Generic drugmaker Mylan NV officially moved its corporate address to the Netherlands when it completed its acquisition of an...

SR2 trillion invested in 6,871 industries across Kingdom: Saudi Commerce Minister

RIYADH: Commerce and Industry Minister of Saudi Arabia, Tawfiq Al-Rabiah, said in his address to industrial opportunities forum in Riyadh that...

Japan’s GDP grows by 2.2% due to exports in fourth quarter of 2014

TOKYO: Japan's GDP has grown by 2.2 percent in the fourth quarter of 2014 because of exports. Despite an expectation...

German power giant RWE wraps up $7b sale of gas unit

BERLIN: German power giant RWE has wrapped up the sale of its oil and gas unit Dea to Russian-controlled investment...

Malaysia’s Eversendai gets worth RM269mil construction project in Qatar

KUALA LUMPUR: Malaysia’s Eversendai Corporation Bhd subsidiary in Qatar has clinched a new project worth RM269.2mil for the construction of...

Belgium economy expands 0.2% in 4Q, up 1% year-on-year basis

BRUSSELS: Belgium’s economy eked out its seventh straight quarter of growth in the final three months of 2014, with the...

Linking customs system among GCC countries to enhance coordination, data sharing

MUSCAT: Experts and businessmen said that linking customs system among Gulf Cooperation Council (GCC) countries will enhance coordination and data...

Belgium business confidence rises for first time in 3 months in February

BRUSSELS: Belgium’s business confidence rose for the first time in three months in February, but the pace of improvement was...

Indonesia, NZ agree to enhance cooperation in agriculture, trade, investment, defense

JAKARTA: Indonesian Foreign Minister Retno Marsudi and her New Zealander counterpart Murray McCully have agreed to enhance the two countries’...

Japanese imports of logs from North America go down 10.8% in 2014

TOKYO: Japanese import of North American logs has dropped 10.8% in 2014. It was 3,047 M cbms Log import in...

SL Customs seizes 4.4 million illicit cigarettes worth 130 million

COLOMBO: 4.4 million illegal cigarettes worth 130 million smuggled to the country were found in a container at the Orugodawatta...

NZ youth minister promises $905000 to grow “future’s business leaders”

WELLINGTON: Youth Minister Nikki Kaye has said that $905,000 would be invested under the Youth Enterprise Fund. Young people across...

NZ Antony de Malmanche drug smuggler’s trial adjourned in Bali

WELLINGTON: Antony de Malmanche had arrested in December after he was allegedly caught trying to smuggle 1.7 kilograms of methamphetamine...

Exports R87.49bn, imports of R80.64bn: SA records trade surplus of R6.85bn in 2014

CAPE TOWN: South Africa’s trade balance‚ which includes trade with Botswana‚ Lesotho‚ Namibia and Swaziland‚ recorded a R6.85bn surplus in...

Australia, Switzerland agree to begin automatic exchange of tax information

byShahid Imran

CANBERRA: Australia and Switzerland have agreed to begin automatic exchange of tax information on each other’s citizens, as the Alpine...

Afghan national among two held for smuggling gold at airport

KABUL: Indian Customs arrested two men in two separate incidents, including an Afghan national for smuggling gold worth 40 lakh...

Russia’s customs collector, former premier deny lawsuit charges

MOSCOW: Russia’s Customs Collector, Carlon Powery, and Former Premier, McKeeva Bush, denied claims in Mr. Tomlinson’s suit mischaracterize his involvement...

Taiwan court sentences 15 years and 8 months jail to French for drug smuggling

TAIPEI: A Frenchman was sentenced to 15 years and eight months in prison by the Taipei District Court for trafficking...

Bangladesh revenue board plans to settle tax disputes out of court

DHAKA: Bangladesh National Board of Revenue said in a statement that board has planned to settle tax disputes out of...

East Lebanon Customs staff on open-ended strike against bureaucracy