International Customs

HANOI: Vietnam would stop importing peanuts from India after a recent shipment contained a foreign insect pest that authorities say...

Norwegian, German power cable interconnection project delayed until 2019

OSLO: The first power cable interconnection between Norway and Germany will be in place by the end of 2019, a...

Indonesia timber exports to EU to touch US$1b in 2015

JAKARTA: Indonesia’s timber exports to the EU are expected to hit US$1 billion this year, as more timber producers adopt...

German Chamber of Commerce raises 2015 GDP forecast to 1.3% from 0.8%

BERLIN: German Chambers of Commerce and Industry, in its latest report, raised its 2015 German GDP forecast to 1.3%, from...

Taiwan authorities sentence death penalty to Belgian in 1.3kg heroin smuggling

TAIPEI: A Belgian man convicted of smuggling drugs into Taiwan was sentenced by the Taipei District Court to life imprisonment....

South Korea Customs seizes illicit 60.75kg gold, arrests 9 Taiwanese smugglers

TAIPI: South Korea Customs authorities are pleased to announce that they have cracked a gold smuggling ring. Police have issued...

Malaysia authorities seize illicit 154,500 cigarette cartons worth RM7.7m

KUALA LUMPUR: Malaysia domestic trade, cooperative and consumerism ministry has smoked out an attempt to smuggle Middle East-bound counterfeit cigarettes...

Oman’s Nizwa considering merger with United Finance

MASCAT: United Finance Company of Oman, in a statement issued, said Bank Nizwa had approached it with a proposal for...

Hong Kong authorities arrest 55 culprits for illicit goods trading

HONG KONG: Hong Kong police and immigration officers have nabbed 55 mainland visitors suspected of engaging in illicit parallel goods...

Hong Kong Customs seizes 92 tonnes endangered rosewood, clutches two culprits

HONG KONG: Hong Kong Customs officers have smashed the city's biggest illegal wood-smuggling case in a decade, seizing some 92...

Qatar’s Commercial Bank profit jumps by 20.9% to QR1.9b in 2014

DOHA: The Commercial Bank of Qatar QSC delivered a net profit of QR1.9bn for 2014, a 20.9 percent increase in...

Indonesia Navy seizes 2,888 metric tonnes of tin from vessel

JAKARTA: The Indonesian Navy seized 2,888 metric tonnes of tin from a vessel last week on suspicion the shipment failed...

Oman’s currency sovereign rating lowers due to $60 barrel oil prices

MUSCAT: Oman’s long-term and short-term foreign and local currency sovereign rating lowered because of the halving of oil prices to...

Kuwait’s crude oil exports to China jump 10.62m tonnes in 2014: Customs

KUWAIT CITY: Kuwait’s crude oil exports to China in December surged 19.2 per cent from a year earlier to 1.73...

Russia announces war against oil taxes

MOSCOW: Russia announced to fight against oil taxes as crude oil prices decreased in recent days, effecting state revenue collection...

Economy of City of Joburg grows by 2.6%

JOHANNESBURG: The economy of the City of Joburg has grown by 2.6 percent, more than either the national or Gauteng...

Jamaican PSOJ urges accountants to help in tax compliance

11/02/2015

KINGSTON: President of the Private Sector Organisation of Jamaica (PSOJ) is urged accountants to help in improving tax compliance in...

Nigeria: Customs seizes N8.79 Billion smuggled goods, nabs 246 Smugglers in 2014