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Growers advised to remove weeds to boost wheat production

MULTAN: The experts of Agriculture Department have advised the growers to remove weeds from wheat fields to lessen chances of production losses by 42 per cent. According to the Punjab Agriculture Department, experts said that presence of weeds in 80 per cent of the fields is often more than the economic threshold level and may need application of spray. Farmers ... Read More »

TRIG invests $61 mln in 15 French solar parks with Akuo

CANBERRA: The Renewables Infrastructure Group Ltd., a clean-energy investor based in Guernsey, is plowing 57 million euros ($61 million) into 15 French ground-mounted and rooftop solar photovoltaic plants, alongside Akuo Energy Group. The projects in mainland France, Corsica, La Reunion and Guadeloupe all have power purchase agreements with Electricite de France SA, TRIG said Tuesday in a statement. Total generating ... Read More »

Australian PWCS Terminals Dec coal exports to Japan

CANBERRA: Port Waratah Coal Services two terminals at Newcastle port in eastern Australia loaded 5.52 million mt of coal destined for Japan in December, up 30.5% month on month and a six-year high, PWCS data released Monday showed. Japan was the destination for 53% of the 10.44 million mt of mostly thermal coal exports shipped from PWCS’ Carrington and Kooragang ... Read More »

Indian onion exports decline 17.79% in 2015-16

NEW DELHI: In Nashik, India, unseasonable weather has adversely affected the onion crop leading to a decline in onion exports: during the first half (April-September) of the 2015-16 financial year export declined by 17.79% against the corresponding period last year. Scarcity of the crop and a higher Minimum Export Price (MEP) are blamed. Sources in the National Agricultural Co-Operative Marketing ... Read More »

Lucky Cement honoured with Quality Standard Award 2015

PESHAWAR: The Consumers Eye Pakistan (TCEP) has honoured Lucky Cement Limited with Quality Standard Award 2015. The awards were held to encourage local manufacturers that are maintaining quality standard and have ISO/PSQCA certification in manufacturing standardized products. Lucky Cement Limited, holding largest share of cement export from the country, complies with Pakistan’s PSQCA standards along with a range of international ... Read More »

PA collects $2.7bn revenue in Dec

HARRISBURG: Pennsylvania collected $2.7 billion in General Fund revenue in December, bringing fiscal-year-to-date collections to $13.4 billion, Secretary of Revenue Eileen McNulty reported today. Sales tax receipts totaled $824.3 million for December, bringing the category’s year-to-date total to $4.9 billion. Personal income tax (PIT) revenue for the month was $1.1 billion, bringing the year-to-date total to $5.5 billion. Corporation tax ... Read More »

India’s automobile exports to suffer loss in Dec

NEW DELHI: India’s automobile exports seem to have been facing the heat of the global slowdown as the growth rate in the overseas sales has witnessed a sharp reduction in the past two months. During April- November 2015, the country’s auto exports grew by just 2.61%, much less than the growth rate of 5.78% witnessed during April-October period. Analysts say that ... Read More »

Charleston user fee increase to bump revenue by $1.3m

SOUTH CAROLINA: The recent increase to Charleston’s city service fee is projected to add more than $1.3 million in revenue in the next fiscal year. City Council’s Finance Committee voted Monday night to amend the fiscal 2016 budget to reflect a 50-cent increase to the city service fee. The service fee, also known as a user fee, will now charge ... Read More »

S. Korean medicine exports jump threefold in last 10 years

SEOUL:  South Korean medicine exports jumped threefold in the last 10 years as local pharmaceutical companies have become more competitive on the global stage, government data showed Tuesday. According to the Ministry of Food and Drug Safety, Asia’s fourth-largest economy shipped out 2.54 trillion won (US$2.13 billion) worth of medical drugs in 2014, up 9 percent, or 210 billion won, ... Read More »

Khyber Border Terminal Jamrud made operational

PESHAWAR: Pakistan Customs Tuesday made Khyber Border Terminal (KBT) Jamrud, Khyber Agency operational. According to Peshawar Collector Qurban Ali Khan, mock customs clearance will formally start as the WeBOC system has been made functional at the KBT. He said that the National Logistic Cell (NLC) started the construction work on terminal about 10-year ago, adding that the facilities like container ... Read More »

China battles to shore up stocks, yuan after globe-shaking slide

BEIJING: China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling markets worldwide, but analysts warned investors to buckle up for more wild price swings. Stocks fell more than 2 percent in early trade, prompting fears that exchanges were set for a second day of panic selling after a 7 ... Read More »

Kh Asif sees no end to loadshedding till 2018

ISLAMABAD: Federal Minister for Water and Power Khawaja Asif has said that despite several ongoing energy projects, the loadshedding would not be ended till 2018. Talking to media, the minister said that currently the rural and urban areas of the country were facing six and eight hour loadshedding respectively, adding that there was no loadshedding for the industries. To another ... Read More »

QPMC inks four deals for aggregates supply

DOHA: QPMC wrapped up 2015 by signing four new agreements for the supply of 19,980,000 tonnes of high quality aggregates (gabbro and limestone) over the next three years from various sources. The agreements were signed to ensure that Qatar’s fast growing construction sector continues to thrive in the right direction by securing the required materials and thus maintaining market stability. ... Read More »

Nigeria cashew exports $250 mln yearly

ABUJA: According to Pastor Tola Faseru, President of the National Cashew Association of Nigeria (NCAN) Nigeria cashew exports are worth $250 million (about N49.7 billion) yearly, with the average export price increasing annually due to growing demand. The President, NCAN said Vietnam and India remained Nigeria’s largest buyers, adding that globally, stocks of nuts, including cashew, in North America and ... Read More »

Tenaga targets $3bn sukuk program

KUALA LUMPUR: Malaysia’s biggest electricity company plans to tap the US dollar debt market for the first time in two decades with its debut offering of global Islamic bonds. Tenaga Nasional Berhad is asking bankers to submit pitches for a US$3 billion sukuk program, according to people familiar with the matter, and proceeds are to be used to fund overseas ... Read More »

Ichia Tec sales plunge 33.86% to NT$1.66 billion

TAIPEI: Keypad manufacturer Ichia Technologies Inc yesterday reported sales of NT$1.66 billion for last quarter, a significant plunge of 33.86 percent from NT$2.51 billion a year earlier. The quarterly result also represents a 12.16 percent decline from the third quarter’s NT$1.89 billion. In the first three quarters of last year, the firm’s net income totaled NT$49.39 million, plunging 94.31 percent ... Read More »

Bangladesh’s exports rise 12.7% in Dec

DHAKA: Bangladesh’s exports rose 12.7 percent in December from a year earlier to $3.2 billion, driven by an increase in readymade garment sales, official data showed on Tuesday. Exports for July to December, the first half of the country’s 2015-16 financial year, rose 7.8 percent from a year earlier to $16.1 billion, the Export Promotion Bureau said. Sales of garments, comprising ... Read More »

Turkey earns $144b in overseas sales in 2015

ANKARA: Turkey earned $144 billion in overseas sales in 2015, a decline of 8.7 percent when compared to the export figures of the preceding year, data from a local exporter union showed on Monday. According to results from the Turkish Exporters Assembly (TİM), exports fell 12 percent in the final month of 2015 over December 2014. The union cited a ... Read More »

Indonesia inflation drops to lowest rate in 5 years

JAKARTA: Annual inflation has fallen to the lowest rate in five years, as consumer prices last year increased by just 3.35 percent. Monthly inflation in December 2015 was measured at 0.96 percent, driven largely by higher food prices, the Central Statistics Agency (BPS) reported on Monday. The full-year inflation rate in 2015 was the lowest since 2010, when prices increased ... Read More »

Argentina’s crop exports surge $2 bln in last 3 weeks

BUENOS AIRES: Argentina’s crop exports surged $2 billion in the last three weeks of the year after restrictions were scrapped by the new president, according to exporter group Ciara-Cec. Farmers sold $752 million worth of grains and oil-seeds in the last three days of 2015 for an annual total of $20 billion, down 17 percent from a year earlier. Sales ... Read More »