Philippines 2Q GDP grows on election spending
MANILA: The economy likely expanded in the second quarter of 2016 year-on-year, boosted by election spending, higher government spending, and...
Philippines increases VAT to 15%
MANILA: The government plans to increase the value-added tax or VAT on goods and services from 12 percent to 15...
Food retail revenues drop by 3% during 2Q in Switzerland
BASEL: Supermarket sales have sunk below the £100 billion mark for the first time in six years amid fierce competition...
CAB Cakaran aims to achieve RM1b revenue in FY 2016-17
KUALA LUMPUR: CAB Cakaran Corp Bhd is on track to achieve RM1bil in revenue this fiscal year ending Sept 30,...
Cigarette tax hike may promote circulation of illegal products: Indef
JAKARTA: A motion to increase the price of cigarettes from the current Rp 15,000 (US$1.14) to Rp 50,000 per pack,...
Singapore’s KrisEnergy says some debt covenants may come under stress
SINGAPORE: Singapore oil and gas exploration firm KrisEnergy Ltd on Sunday said some covenants on existing debt agreements could come...
Port of Kiel increases passenger and cargo handling
WASHINGTON: The Port of Kiel in Germany is on course for growth after upping handling in both the cargo and...
Coal’s rally is at risk from lower China imports in August
LAUNCESTON: If you believe that thermal coal's rally this year has been largely on the back of rising Chinese imports,...
Cement exports witness nominal increase of 0.06% in July
LAHORE: The cement exports witnessed nominal surge of 0.06 percent to 465,102 tonnes during July 2016 against 465,369 tonnes of the...
Indonesia July exports, imports disappoint as shrinkage continues
JAKARTA: Hopes that Indonesia in July would end a long streak of declining exports and imports were shattered, as both...
Railways to provide free WiFi services at stations, trains
ISLAMABAD: Pakistan Railways has planned to install WiFi devices at all divisional railway stations and trains to provide better facilities...
Iranian oil tankers resume shipping to EU ports
TEHRAN: Following the implementation of Joint Comprehensive Plan of Action (JCPOA), Iranian oil tankers resumed shipping to European ports, announced...
Canadian ports tap tech to ease congestion at gates
LONDON: Managing the flow of trucks through the terminals at Vancouver and Montreal, Canada’s two largest ports, is a challenge...
PD Ports welcome $840m biomass power station at Teesport
WASHINGTON: Teesport, the UK’s fifth largest port by volume and second largest container port in the north, is set to...
Indian ports take up renewable energy
NEW DELHI: The Indian Ministry of Shipping is in the process of installing solar and wind based power systems at...
High tax could put off companies from Ireland
DUBLIN: Tax levels for high earners and a limited housing supply are likely to be among factors that UK companies...
Food processing near Indian ports to boost exports, reduce waste
WASHINGTON: India is developing two large food processing parks close to port areas to help grow its food processing export...
US hedge Dublin unit fund with $8b assets pays $125 tax
DUBLIN: A Dublin firm set up during the crash by US hedge fund, Davidson Kempner, to pick up distressed financial...
Malaysia’s GDP increases 4% in 2Q
KUALA LUMPUR: The Malaysian economy grew 4% in the second quarter of 2016 (Q2), driven by domestic demand, which registered...
Sri Lanka’s budget deficit narrows 18% revenues surges 25% in May
COLOMBO: Sri Lanka's budget deficit has narrowed 18 percent in absolute terms to 280.5 billion rupees in the five months...
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