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International Customs

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Vietnamese currency under bigger pressure in 2020

HÀ NỘI After being relatively stable last year, the foreign exchange rate of the Vietnamese đồng against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds. Finance expert Nguyễn Trí Hiếu told Việt Nam News that pressure on the exchange rate would be bigger this year as a greenback supply ... Read More »

Kiev wants to speak to Germany, France about shooting in east Ukraine

KIEV: Ukraine wants to speak to Germany and France about an increase in shooting in the east of the country, Foreign Minister Vadym Prystaiko said on Monday. Two Ukrainian soldiers were killed and 10 were wounded at the weekend in the eastern Donbass region, where fighting between Russia-backed separatist fighters and Ukraine’s armed forces began in 2014. The separatists did ... Read More »

SoftBank offers to invest up to $40bn in Indonesia’s new capital

JAKARTA: Japan’s SoftBank Group has offered to invest between US$30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko “Jokowi” Widodo said Friday. In a meeting last week with Jokowi, SoftBank chief executive officer Masayoshi Son expressed interest in participating in the development of the yet-to-be-named capital and ... Read More »

A top German carrier picks Huawei to help build its 5G network in potential snub to the US

Telefonica Deutschland, one of Germany’s top mobile carriers, has picked Huawei and Nokia to build out its 5G network. 5G refers to next-generation mobile networks that promise super-fast data speeds and low latency — a short amount of time between the data being summoned and it reaching its destination. The move is a potential snub to the U.S. government which ... Read More »

Belgian Companies In Las Vegas

Among others, the Flemish contingent includes MoNoA, a product that raises your body temperature and analyses your movements to gauge your stress levels. You simply attach it to your watch or bracelet. By anticipating stress-related symptoms, it optimises well-being. The product is much more than a simple gadget, as Stijn Bogaerts explains: “For people with disabilities who are not always ... Read More »

Trivago hit with 18 Commerce Commission complaints

The Commerce Commission says it has received 18 complaints about hotel comparison website Trivago. Trivago, part-owned by US-based Expedia, has been found guilty of misleading and deceptive conduct by Australia’s Federal Court for suggesting that top-listed prices on properties advertised on its site were the best. But hotels were instead found to have been ranked based on commission. “Trivago’s hotel ... Read More »

Korean in net for smuggling 4.5kg of gold

A 32-year-old Korean national was arrested by the Department of Revenue Intelligence (DRI), an anti-smuggling wing of the customs department at the Jaipur airport with an illegal possession of 4.5 kg of gold in biscuit form. The price of the gold seized from the possession of the tourist worth nearly 1.85 crore in the international market. This is first ever ... Read More »

Two excise men held for booze smuggling links

PATNA: In a first-of-its-kind case since prohibition was imposed in the state, two excise officials have been arrested for links with liquor smugglers in Saharsa. Excise inspector Mohammad Faiyyaz Ahmed and assistant sub-inspector Virendra Pathak posted in Saharsa were arrested on Wednesday, while their district superintendent Mohammad Ashraf Jamal is absconding. “The inspector and ASI were called at the police ... Read More »

ADB raises $4.25 billion from US dollar bond market to boost OCR for 2020

The Asian Development Bank (ADB) raised a total of $4.25 billion from the US dollar bond market on Wednesday. The Manila-based multilateral development bank returned to the capital markets with a $2.25 billion worth three-year bond issuance and a $2 billion worth 10-year bond issuance. The amount raised is part of ADB’s efforts to raise $25 billion from the capital ... Read More »

SAA may get just R44m of R877m Zimbabwe owes in ticket sales

SAA, the national airline that has entered business rescue, may only be offered 5% of the $60m (R877.2m) that its owed by neighbouring Zimbabwe in funds from ticket sales and hasn’t been able to extract from the country. The Reserve Bank of Zimbabwe’s monetary policy committee plans to “reject the majority of debts” owed to institutions, a move it hopes ... Read More »

Netflix Accused Of Using Netherlands To Avoid Its Tax Bill

Streaming media giant Netflix was accused of using the Netherlands as a major part of a tax haven scheme to reduce its income tax liabilities globally. A report released this week by Tax Watch UK said Netflix moved between $327 and $430 million into tax havens in 2018, out of its total global profits that year of $1.2 billion. About ... Read More »

Bank of Italy warns a number of the country’s smaller banks are at risk

ROME: A senior Bank of Italy official warned that a number of smaller banks, especially in the country’s disadvantaged south, were at risk of going out of business in a fast-changing industry and stressed the importance of government help. Speaking at a parliamentary hearing on the rescue of unlisted cooperative bank Popolare di Bari, Bank of Italy Deputy Governor Alessandra ... Read More »

Danske Bank to cut up to 108 jobs in Finland

COPENHAGEN: Denmark’s biggest lender Danske Bank plans to cut up to 108 jobs in Finland due to a reorganization of its unit there which employs around 2,000 people, it said. Danske Bank, which employs more than 20,000 in total, is cutting costs to cope with rising compliance costs and a tough business environment. Read More »

After Tesla’s record year in Norway, rivals gear up for 2020

OSLO: New electric car sales in Norway rose by a third last year amid soaring demand for Tesla Inc’s (TSLA.O) vehicles, but the pioneering US company will face a more competitive market in 2020 as rivals prepare to launch new electric models. Fully electric cars made up 42.4% of sales in the Nordic country last year, a global record, rising ... Read More »

BOI steps up investment promotion measures in the EEC

BANGKOK: The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC) by expanding the number of target industries and increasing corporate income tax benefits. A meeting of the BOI, chaired by Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, approved the measures to attract more investors to the EEC. The first ... Read More »

Best investments to look at for 2020

Ashburton Investments, the asset management arm of the FirstRand Group, says it is looking to government bonds and listed property to provide the best risk-adjusted returns on the local front for South African investors in 2020. And the asset manager remains constructive on global equities, particularly in emerging markets. Nico Els, multi asset strategist at Ashburton Investments, said South African ... Read More »

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom are Dutch, were arrested, including the plane’s pilot and some crew members, RTL Nieuws reports. The plane was at the Ezeiza International Airport near Buenos Aires when the drugs were discovered. Local media report that the discovery was made shortly ... Read More »

Taiwan’s Investor Relations platform promotes ethical investing

TAIPEI: 2019 was the year when ESG metrics gained significant attention in Taiwan, culminating with the launch of the world’s first ever, government-sponsored, investor relations platform. To promote a sustainable capital market in Taiwan, Taiwan Depository & Clearing Corporation (TDCC) launched a bilingual IR platform in March 2019 that mainly features ESG evaluations. This provides a new assessment of how ... Read More »

Afghan Government Receives Over $11mn In Revenues from ATRA

The Afghanistan Telecom Regulatory Authority (ATRA) has transferred 878 million Afghanis ($11.3mn) to the special account of the Ministry of Finance to be spent through the national budget. These revenues come from a 2.5% on the net incomes of the telecommunication company sales and will be spent on certain project including ATRA’s development projects. Meanwhile, some lawmakers have expressed concerns ... Read More »

Some banks in northern Lebanon close over angry clients’ demands

Banks in a region of northern Lebanon were closed until further notice the National News Agency (NNA) said, after lenders balked at customer anger over a liquidity crisis. Since September banks have arbitrarily capped the amount of dollars that can be withdrawn or transferred abroad, sparking fury among customers who accuse lenders of holding their money hostage. There is also ... Read More »