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Largan sales fall by 30.84% YoY in 2015

TAIPEI: Largan Precision Industry Co, which supplies camera lenses for Apple Inc’s iPhone, yesterday reported its lowest monthly sales in nine months due to soft customer demand. Sales plunged 30.84 percent year-on-year and 30.03 percent month-on-month to NT$3.97 billion (US$119.33 million) last month. This is the first time since June 2012 that Largan has posted an annual decline in monthly ... Read More »

Uruguay’s exports of goods decrease 11.6% in 2015

MONTEVIDEO: Uruguay’s exports of goods totaled $8.96 billion in 2015, an 11.6 percent decrease from the previous year, Uruguay XXI, the South American country’s investment and trade promotion agency, said. Beef and cellulose surpassed soybeans as the main products exported by Uruguay in 2015, while China and Brazil remained the top buyers of goods. The Annual Foreign Trade Report said ... Read More »

Indonesia to import rice from India, Pakistan

JAKARTA: The government is sounding out the possibility of importing rice from India and Pakistan amid low rice stocks following a prolonged dry season. “We are still negotiating imports with India and Pakistan,” said Trade Minister Thomas Lembong in Jakarta on Wednesday. The government, Thomas said, was still preparing a government-to-government Memorandum of Understanding (MoU) on rice imports with the ... Read More »

New Zealand honey exports double in Nov

WELLINGTON: New Zealand honey exports doubled in November as the country benefited from demand for high-value manuka honey. The value of honey exports jumped to $27.4 million in November from $13.6 million the same month a year earlier, according to the latest Statistics New Zealand data. That helped boost the annual value of honey exports in the 12 months through November ... Read More »

PRAL GM Nawaz takes charge as CEO

ISLAMABAD: Ahmad Nawaz, presently posted as General Manager, Pakistan Revenue Automation (Pvt) Limited (PRAL), Islamabad, has been assigned to hold the charge of the post of Chief Executive Officer (CEO), PRAL on acting charge basis in addition to his own duties till the appointment of a regular incumbent by the Board of Directors of PRAL. Read More »

Indian cashew exports decline in current fiscal year

MUMBAI: In India, while the exports of cashew nuts have continued their downward spiral in the current fiscal year, imports of raw cashew nuts (RCN) have increased. Total exports during April-November 2015 stood at 64,220 tonnes valued at 3.2bln at a unit value of 505.81 a kg. Whereas, during the corresponding period last year total shipments stood at 78,715 tonnes ... Read More »

Customs Dy Superintendent Aman retires

ISLAMABAD: Malik Aman, a BS-16 officer of Customs Department, is going to retired from the government service on attaining the age of superannuation. The officer, presently posted as Deputy Superintendent, Model Customs Collectorate, Peshawar, will stand retired from government service with effect from Jan 13, 2016. Read More »

Customs Appraiser Tariq remembered

ISLAMABAD: Federal Board of Revenue has expressed deep regret over the sad demise of Tariq Rehman, Appraiser, a BS-16 officer of Customs Department. Tariq Rehman, was born on June 08, 1967 and joined the government services on December 12, 1992. At the time of his death, the officer was posted as Appraiser, Model Customs Collectorate of (Exports) Port Muhammad Bin ... Read More »

US crude oil export prices low

WASHINGTON: Oil prices have remained low despite heightened tensions between two of the world’s big oil-producing countries, Iran and Saudi Arabia, and a new law allowing U.S. crude exports helps explain why, the oil industry’s top lobbyist said Tuesday. Jack Gerard, president and CEO of the American Petroleum Institute, said the 3-week-old law lifting a 40-year ban on crude exports ... Read More »

Italian equipment exports increase in 2015

ROME: Assocomaplast, the Italian trade association for plastic and rubber processing equipment makers, says its member companies may be on their way to a record export sales year once all of the numbers are in for 2015. Assocomaplast’s research office, analyzing foreign trade data, said in a Dec. 23 news release that export sales for the first nine months of ... Read More »

Khaqan Abbasi inaugurate s gas, oil, LPG plant in Adhi Field

GUJJAR KHAN: Adhi III field plant, having capacity to produce 25 Mmscfd gas, 150 tonnes of LPG and 55,000 barrels of crude oil per day, has been inaugurated by Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi. Speaking on the occasion, the minister congratulated PPL and its joint venture partners Oil and Gas development Company Limited (OGDCL) and ... Read More »

Ukraine barley exports tripled in Nov

KIEV: In November barley exports from Ukraine was nearly 200% higher than in November 2014 (354.7 KMT against 109.4 KMT). Nevertheless, Ukraine exported 4% less barley within five months of the current season than during the same period of the previous marketing year (3.36 MMT against 3.49 MMT during July-November 2014). Saudi Arabia remains the main importer of Ukrainian barley. ... Read More »

Nawaz lures Lankan investors

COLOMBO: Prime Minister Nawaz Sharif has asked the Sri Lankan business community to invest in Pakistan. Nawaz Sharif, while addressing the business community and media at breakfast, said that Trade and Commerce Minister Khurram dastgir has a special target of around $1 billion for trade. The PM also urged the Pakistani business community to invest in Sri Lanka and vice ... Read More »

China economy growth predicts to fall 6.7% in 2016

BEIJING: China’s economic growth is predicted to further decelerate this year to 6.7 percent, the slowest since 1991, trapped by manufacturing overcapacity and sluggish export, said a think tank report on Tuesday. The year-on-year GDP growth in 2015 is possible to achieve 6.9 percent, down from 7.4 percent in 2014, predicted by the same report from the Center for Forecasting ... Read More »

Mineral fuel imports decrease in current year

WELLINGTON: The Fiji Bureau of Statistics noted a decrease in the current account balance for Fiji whereby the net outflow stood at $65.1million for the June quarter last year. According to the bureau, the net outflow was $151.9m a year earlier. The bureau noted a decrease in net goods deficit by $4.9m, which was from $441.1m to $436.2m and this ... Read More »

India imports 174 Mt of thermal coal during 2014-15

NEW DELHI: As COP21 came to an end after reaching an accord on carbon reduction among participating nations, a new report from Bloomberg Energy Finance revealed that India, one of the largest emitters of greenhouse gas, imported 174 Mt of thermal coal during 2014-15. This is the largest amount of thermal coal the country ever imported in its history, the ... Read More »

Govt to import 5,000 tons of pigeon peas to boost domestic supply

NEW DELHI: With pulses prices still ruling high on likely production concerns, the government has issued a tender to import 5,000 tonnes of pigeon peas (tur) to boost domestic supply from next month. State-run MMTCBSE 3.36 % has invited bids for supply of 5,000 tonnes of pigeon peas and the quantity of shipment can be increased depending on the price bids. ... Read More »

Algiers car import bill decreases 40.3% in 2015

ALGIERS: Car import bill went down by 40.3% in 2015 compared to 2014, said Monday Minister of Industry and Mining Abdesselam Bouchouarebat El Moudjahidforum in Algiers. In 2014, car import bill totalled US$6.34 billion for 439,637 cars, against US$3.781 billion in 2015, down by 40.3% in terms of value, and -32% in terms of quantity. This decline in car imports ... Read More »

Foreign investment in China hits $126bn in 2015

BEIJING: Foreign investment in China reached a record $126 billion in 2015, according to new official data. In the first 11 months of the year, China took in $114 billion in non-financial investment, up 7.9 percent year-on-year, the Ministry of Commerce (MOC) said in a statement on Tuesday. Nearly 24,000 foreign-funded enterprises were founded in the first 11 months, 11 ... Read More »

India seeks to import 320,000 tons of maize

NEW DELHI: Indian state-run trading company PEC has issued an international tender to import 320,000 tonnes yellow corn (maize), European traders said on Tuesday. The tender closes on January 11 and offers must remain valid up to January 14, they said. Sources said on December 31 that India will soon ask state-run traders to import half a million tonnes of ... Read More »