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Tag Archives: in 2016

Zimbabwe Govt mulls importation of power in 2016 to supplement local production

HARARE: Government is mulling the importation of power from the region in 2016 to supplement local production, a government official has said. Zimbabwe used to import power from Eskom (South Africa), Zesco of Zambia and Electricidad de Mozambique (EDM) before the countries cut off supplies for non-payment. The region has a power shortfall of 8 247 megawatts, resulting in limited ... Read More »

Global 3D printer shipments increase to over 490,000 in 2016

LONDON: Global 3D printer shipments are expected to increase to more than 490,000 in 2016, a new study has found. Research from Gartner found that the 3D printer market is expected to enjoy rapid growth as worldwide shipments are set to reach 5.6 million. The findings suggest that shipments will reach 496,475 units in 2016, marking a 103 per cent ... Read More »

Vietnam imports 1.043 mln mt of polyethylene last year, with growth of 15-18% likely in 2016

HANOI: Vietnam imported 1.043 million mt of polyethylene last year, with growth of 15-18% likely in 2016, according to Dinh Thuy Nhien, the head of the trade promotion and investment information department at the Vietnam Plastics Association on Friday. “PP [polypropylene] may be slightly less, at around 8%,” she added. Dinh was speaking on the sidelines of the Plastics Vietnam conference, ... Read More »

Vietnam appears 15% increase in tax revenues in 2016

HANOI: In a recently-announced fiscal plan for next year, the Ministry of Finance said revenues from taxes and fees should increase by at least 15 percent compared to 2015, news website Saigon Times Online reported on Monday. The revenues will be equivalent to 18-19 percent of the gross domestic product, the ministry was quoted as saying in the plan. Vietnam’s ... Read More »

Govt agrees with MIT to put sugar import within quota out for tender in 2016

HA NOI: The Government has agreed with the Ministry of Industry and Trade to put sugar import within quota out for tender in 2016 instead of allocating it in order to ensure transparency. Deputy Prime Minister Hoang Trung Hai has asked relevant ministries and organisations, including the Ministry of Industry and Trade, Finance, Agriculture and Rural Development, as well as ... Read More »

Vietnam bank BIDV plans foreign stake sales 15-20% in 2016

HANOI: Vietnamese lender BIDV, the country’s biggest partly private bank by assets, said it could sell stakes to foreign strategic partners next year, as the Southeast Asian nation further opens up its economy to outsiders. Hanoi-based BIDV may sell a 15-20 percent stake to a long-term foreign investor in the banking sector, and 10 percent to another overseas investor, while ... Read More »

Shipments of 4K TVs panels up 20% in 2016

Shipments of 4K TV panels in April 2015 exceeded three million units for the first time, comprising 14% of all TV panels shipped globally during the month, according to IHS. Of all TV panels forecast to ship in 2016, one in five is forecast to be a 4K TV panels – sometimes marketed as ultra-high definition (UHD) – due to ... Read More »