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Japan’s JX boosts gasoline exports due to strong car sales, low prices

TOKYO: Japan’s biggest oil refiner JX Holdings is adapting refineries to produce more gasoline for sales overseas, as Japan joins a regional bonanza driven by strong car sales and low prices and finds an outlet for its chronic refining over capacity. JX’s main refining unit started gasoline exports this month from Mizushima-A refinery in Okayama prefecture in western Japan after ... Read More »

Vietnam’s catfish prices remain low in European market as distributors spend less on advertising

HANOI: European distributors are not spending much on advertising Vietnam’s catfish in the European market, as the profits are low, according to Jean Charles Diener, director of Ofco Sorcing, an importer and distributor of Vietnam’s catfish. Catfish products are priced at 3-6 euros per kilo, while the other white-meat fish can be sold for 7-12 euros. However, European importers still ... Read More »

5pc ST: Ginners, millers to plead withdrawal with Bajwa

MULTAN: The representatives of Pakistan Cotton Ginners Association (PCGA) and Oil Mills Association will meet Federal Board of Revenue (FBR) Chairman Tariq Bajwa this week to plead for the withdrawal of 5 percent sales tax imposed on the cotton seed cake. It is to be noted that both the associations had vehemently demanded the FBR chairman to withdraw the newly-imposed ... Read More »