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Author Archives: sania sania

U.S. agricultural exports to China rise sharply

WASHINGTON: Secretary Vilsack arrives in China this weekend. Over the past decade, the United States’ agricultural exports to China have risen sharply, propelling China into its position as the fastest-growing and highest-value export destination for U.S. farm and food products. In 2011, China surpassed Canada to become the top U.S. market and it has since retained that position. In fiscal ... Read More »

Sri Lanka plans to allow tea imports in regulatory framework

COLOMBO: Sri Lanka to liberalize the tea industry through allowing tea to be imported into the country within a regulatory framework, Finance Minister Ravi Karunanayake said delivering the budget 2016 speech at the Parliament. “Tea has remained a key export of our country but the value addition is not as significant to the extent expected,” Karunanayake said. “Sri Lanka being ... Read More »

Trichy International Airport to avoid imports

TRICHY: Though the Trichy International Airport has the entire infrastructure for handling imports, its cargo division is losing considerable revenue as not a single shipment has been recorded in the past four years. The only imports the airport receives are coffins that come from several places abroad, and that too free of cost. The revenue from imports is always higher ... Read More »

China’s sugar imports fall 14.5% in Oct

BEIJING: China’s sugar imports in October fell 14.5 per cent on a year earlier to 360,000 tonnes, according to official customs data published on Saturday. Imports in the first ten months of the year were up 44.9 per cent on year at 4.09 million tonnes, data from the General Administration of Customs showed. Analysts were expecting between 350,000 and 400,000 ... Read More »

Vietnam bans imports of Ukrainian wheat

HANOI: Vietnam has temporarily banned imports of Ukrainian wheat as grain weevil was found in grain, along with grain being imported with fabricated bio-security certificates. The State Veterinary and Biosecurity Service of Ukraine reported on Friday that the service received five notifications from the plant protection department of the Ministry of Agriculture and Rural development of Vietnam stating that the ... Read More »

Indonesia expects to import 6.8m barrels of gasoline in Dec

JAKARTA: Indonesia’s state-owned Pertamina is expected to import around 6.8 million barrels of gasoline in December, down from around 8 million barrels in November, trade sources said Friday. The total comprises around 5.8 million barrels of 88 RON gasoline, 600,000 barrels of 92 RON finished gasoline and 400,000 barrels of 92 RON high octane mogas component, market participants said. The ... Read More »

Global mobile phone shipments reach 478 mln units in July-Sep 2015

WASHINGTON: Driven by growth in emerging markets, global mobile phone shipments in July-September 2015 reached 478 million units and Indian brand Micromax was among top 10 handset vendors, research firm Gartner has said. “Worldwide mobile phone sales to end-users totalled nearly 478 million units during the third quarter of 2015. Continued growth in emerging markets helped bolster sales of local ... Read More »

S.Korea’s WP seeks 45,000 tons of high sulphur fuel oil for Dec

SEOUL: Korea Western Power Co Ltd (WP)  is seeking 45,000 tonnes of high sulphur fuel oil for December arrival via a tender, the utility said. The tender for oil product with a maximum sulphur content of 2.59 pct will close at 2 p.m.(0500 GMT) on Nov. 26, the utility said. Read More »

JinkoSolar reports hit record shipments in Q3 of 2015

WASHINGTON: JinkoSolar has reported record shipments in the third quarter of 2015, while guiding fourth quarter shipments of between 1.4GW to 1.7GW.  JinkoSolar reported third quarter total solar module shipments of 1,134.5MW, which included 70.6MW to its own downstream PV projects. Total solar product shipments to the third parties were 1,107.7MW of which 1,063.9 MW of solar modules, 10.4MW of ... Read More »

New Zealand’s Ryman posts 23% gain in H1 profit

WELLINGTON: Ryman Healthcare [NZX: RYM], New Zealand’s largest retirement village operator, posted a 23% gain in first-half profit as revenue increased from a bigger asset base and it lifted the value of properties. Profit advanced to $132.6 million, or 26.5c a share, in the six months ended September 30, from $107.9 million, or 21.6c, a year earlier, the Christchurch-based company ... Read More »

Australian, New Zealand shares rise slightly

SYDNEY: Australian shares rose slightly on Friday after an improvement in risk appetite helped the market notch the second largest weekly increase in four years. The S&P/ASX 200 index added 0.3 per cent or 13.53 points to 5,256.1 at the close of trade, showing a gain of 4 per cent for the week. New Zealand’s benchmark NZX 50 index edged ... Read More »

South Australia signs historic agreement with Rajasthan

CANBERRA: South Australia today signed a historic ‘sister-state agreement’ with Rajasthan that would pave new ways to boost export and investment opportunities between the two states. The sister-state relationship between South Australia and Rajasthan is based on a two-way exchange of research, policy and technical capabilities. The agreement provides partnership and collaborative opportunities across key sectors where South Australian business can ... Read More »

Indonesians makes easy application process to obtain Australian visa

CANBERRA: Indonesians will enjoy an easier application process to obtain an Australian visa. Through new visa measures that are expected to enhance tourism and business links between Australia and Indonesia, the Australian government will introduce an option of a three-year, multiple-entry visa for Indonesians to visit Australia next year—an extension of the current one-year visa. Announced through a joint media ... Read More »

Vietnam improves supply of raw materials for wood processing industry

HANOI: Viet Nam must improve the local supply of raw materials for the wood processing industry to ensure sustainable development and meet the export targets. Statistics revealed that natural wood currently met only 10 per cent of raw material demand for processing of wood export products and for the rest one had to depend on imports and rubber wood. Nguyen Ba ... Read More »

Vietnam firms seeking e-commerce

HANOI: To build a successful mobile website, choosing a suitable domain name is the first priority, said Luong Thi Thanh Huong, managing director of the Mat Bao Network joint-stock company at a seminar in Quang Ninh Province on Tuesday. The e-commerce seminar delivered mobile platform advice and analysis to 100 delegates from small and medium sized enterprises (SMEs), state management ... Read More »

Commercial banks to totally stop online tax payments

HANOI: The Ministry of Finance has instructed commercial banks to completely stop over-the-counter tax payments and work with tax agencies to implement online tax payments by the beginning of December. Accordingly, it can be made via the general department’s e-portal and other online banking services such as Internet banking, ATM, HomeBanking and SMS. Over-the-counter payments will only be applicable in ... Read More »

Vietnamese shares fall on both local bourses as Vinamilk extends losing streak

HANOI: Vietnamese shares fell on both local bourses yesterday as Vinamilk (VNM) extended its fall for a third day, pulling the market down. The benchmark VN Index on the HCM Stock Exchange and the HNX Index on the Ha Noi Stock Exchange inched down 0.2 per cent each to close at 601.90 points and 81.24 points, respectively.”Investors suddenly increased their ... Read More »

Vietnam sees international trade boost

HANOI: Vietnam could emerge as the single-biggest winner from the recently signed Trans-Pacific Partnership (TPP) trade agreement, according to ratings agency Fitch, with the potential for a significant increase in investment inflows and export opportunities. Signed on October 5 and expected to come into force at the end of 2017, the TPP will bring Vietnam, Australia, Brunei Darussalam, Canada, Chile, ... Read More »

Gold producer Metallon cuts annual output by 30%

HARARE: Gold producer Metallon Corporation has cut its annual output by 30% due to power outages and challenges at its units. The group has an annual target of 150 000 ounces. In an update for the third quarter of 2015, Metallon said production for the quarter was 23 000 ounces down from 25 882 ounces in the comparable period last year. ... Read More »

Turkey’s olive oil exports decline 33%

ANKARA: Turkey’s olive oil exports have declined by 33 percent because of higher prices compared with European market prices, figures provided by Aegean Exporters’ Associations reveal. According to the figures, the country earned $66 million from olive oil exports between Nov. 1, 2014 and Oct. 31, 2015 compared with $100 million earned in the 2013-14 crop year. Figures also show that ... Read More »