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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

PRHK Viewpoints: Against a backdrop of protests, business goes on for Hong Kong PR

A question often asked at PR industry meetings is: “How is business holding up in the face of the protests?” The usual reply is that business is down, but we have to plough on and deal with it, hoping for the best. However, while pockets of the market seem to be holding up well, others have been more drastically affected. ... Read More »

Rwanda courts UAE investors at global meet

The government and members of the private sector are seeking to increase the involvement of the United Arab Emirates in the Rwandan economy and have gone on a charm offensive at the ongoing 2019 Global Business Forum Africa. At the summit underway in Dubai, Rwanda is represented by a delegation of the private and public sectors in a bid to ... Read More »

Public urged not to purchase vehicles under investigation

The Ceylon Motor Traders Association (CMTA) was recently contacted, and informed that 13 units of Audi A5 motor vehicles have been imported under Customs Declaration number CBMV1 2019 I 4730, which wrongfully declares 2,000 CC petrol engined cars as 1,400 CC. This mis-declaration results in an approximate duty loss to the Government of Sri Lanka of Rs.160,000,000/= and the loss ... Read More »

Bata to keep expanding in Bangladesh

Thanks to steady economic development and higher incomes of people, Bangladesh has turned into a lucrative market for multinational retail companies, said Rajeev Gopalakrishnan, president of the Asia-Pacific region of Bata. “Many global companies that manufacture high-end shoes, sports items, garments and food items are opening their retail outlets in Bangladesh targeting the rising young customers,” he said. Gopalakrishnan was ... Read More »

Russia’s VTB plans to expand grain business and then exit – CEO

MOSCOW : Russia’s VTB bank (VTBR.MM), which is expanding in commodities in a bid to create a national grains champion, will exit the sector once it has built up the assets in the next few years, its CEO told Reuters. Andrey Kostin also said in an interview that VTB plans to start trading wheat via its Swiss operation and that ... Read More »

China’s COSCO Invests in Largest Greek Port With Expansion Plans for Biggest European Port

Greece’s Prime Minister Kyriakos Mitsotakis announced an agreement for Chinese state-owned shipping firm COSCO to invest and expand the Port of Piraeus into Europe’s largest port. Chinese leader Xi Jinping and his wife landed in Athens on Nov. 10 for a state visit between the countries. The visit culminated with the signing of an agreement for China Ocean Shipping Company ... Read More »

Aviva Retains Chinese JV and Singapore Business

Aviva will retain its Chinese joint venture and Singapore unit while continuing to explore options for other businesses in Asia. Following a «thorough review» of its options in Singapore, including a possible sale, Aviva will retain the unit, it said in a statement. The same will be done for its Chinese joint venture due to «high growth prospects» in the ... Read More »

Starbucks just opened its fourth signing store worldwide in Penang

Starbucks’ latest offering isn’t a crazy new Christmas drink or an aesthetically pleasing peppermint mocha – but a new store location manned by deaf baristas. The coffee chain announced the opening of its Penang signing store on Tuesday (Nov 19) morning, in collaboration with the Penang Deaf Association. This will be the coffee giant’s fourth signing store globally and its ... Read More »

Big profits can fuel bad corporate behaviour, new research shows

Hubris and overconfidence caused by excellent financial performance is a major driver of irresponsible corporate behaviour, according to new research. Di Fan, a senior lecturer at the business school of the Australian National University, said his research showed companies making above-average profits were more likely to breach their environmental or social obligations than run-of-the-mill firms. He said internal corporate governance ... Read More »

Rather than decouple, US, China businesses look for ways to collaborate

GUANGZHOU, China — For some big companies, U.S.-China business ties are still holding up, despite worries that trade tensions will cause the two economies to decouple. The biggest change for Microsoft in the last year is having more opportunities than before in the Chinese market, particularly for Chinese companies wanting to go abroad, said Alan Crozier, chairman and CEO of ... Read More »

Montana seeks to keep feral pigs from Canada at bay

BILLINGS, Mont. — Officials in Montana are marshaling their resources and enlisting the public’s help to keep encroaching feral hogs from Canada at bay with a program called “Squeal on Pigs.” The campaign to prevent wild hogs from going hog wild in Montana was outlined at a conference hosted Friday by the Montana Invasive Species Council. It encourages people to ... Read More »

The Irish Times view on the EU-UK withdrawal deal: A hostage to fortune

EU leaders were explicit: the UK could have the extension it had asked for until January 31st as long as in the process it did not “undermine the regular functioning of the Union and its institutions”. And that it honoured its “obligation to suggest a candidate for appointment as a member of the European Commission” for that duration. A treaty ... Read More »

Turkey’s business circles eyeing $ 30 billion in trade with Iran

Business organisations in Turkey are looking to increase the $ 9.5 billion trade volume between Turkey and Iran to $ 30 billion, President of Foreign Economic Relations Board of Turkey (DEİK) Nail Olpak said during the Business Council meeting in Iranian capital Tehran. Olpak said his organisation is working to have friendly relations between Turkey and Iran to affect the ... Read More »

Saudi Arabia businesses to prioritise CX transformation next year

The study, which was released ahead of the Digital Saudi 2030 event in Riyadh, noted that 96 percent of organisations in the Kingdom will prioritise enhancing customer experiences as part of their digital transformation strategies. In line with Digital Saudi 2030’s theme “Transform or Be Left Behind,” Saudi organisations recognised the need to digitally transform into Intelligent Enterprises. In addition, ... Read More »

Why Swiss people don’t want anyone touching their emergency coffee stockpiles

It’s a question the Swiss government has been grappling with since they announced earlier this year that they were planning to quit stockpiling coffee, declaring the drink not vital for human survival. It’s one of several basic goods Switzerland keeps on reserve in case of an emergency, along with items like flour, sugar and medicines. The government started this stockpiling ... Read More »

French paedophile surgeon may have had more than 250 victims

French prosecutors say a retired surgeon jailed since May 2017 for sexually abusing four girls may have had more than 250 victims. Joël Le Scouarnec has now had a series of new cases opened against him by a court in Brittany, in what may be the most serious case of child sex abuse in France. According to the state prosecutor ... Read More »

Govt felicitates highest taxpayers

The government has honoured the highest taxpayers of the country under different categories on the occasion of the eighth National Tax Day today. The highest taxpayers were honoured also to promote the taxpaying culture. Finance Minister Yubaraj Khatiwada honoured the top companies in 15 categories amidst a programme organised by Inland Revenue Department. IRD has classified the highest taxpayers as ... Read More »

Kuwaiti MP seeks to pass draft law imposing taxes on expat remittances

A senior Kuwaiti MP has urged the government to approve a draft law to impose taxes on expat remittances. Kuwaiti MP Safa Al-Hashem, who has been appointed head of the National Assembly’s financial and economic affairs committee, said lawmakers will push to approve the bill, Kuwait Times reported. The bill, first introduced last year, was rejected by the Kuwaiti government, ... Read More »

Qatari startup raises QR9m Series A funding

Qatar-based Meddy, a doctor booking platform, has raised QR 9 Million in a Series A round to scale up its operations and expand into other GCC countries. The Series A funding round was led by New York-based Modus Capital, along with participation from 212 Capital, Qatar Science & Technology Park (QSTP), Kasamar Holdings, Dharmendra Ghai (Health Tech Angel), Innoway and ... Read More »

Iraq Falls in Doing Business Index

Iraq has been ranked 172nd out of 190 countries in the World Bank‘s recent Doing Business 2020 report, down from 171st place the previous year. Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Libya 186th. Doing Business 2020 is the 17th in ... Read More »