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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

Sri Lanka- Former Customs DG and Aitional DG further remanded

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Former Director General of Sri Lanka Customs Jagath P. Wijeweera and its former Additional Director General Tharaka Seneviratne were today ordered to be further remanded until 11 October. Wijeweera and Seneviratne had been arrested after being accused of releasing 8 kilograms of confiscated gold from the custody of the Customs Department. Read More »

Traveling to the Schengen Area Will Change in the Next Few Years

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As people are traveling every year and more to the EU/Schengen countries, the latter are trying every day more to make traveling safer and easier, for both travelers and their authorities. In the recent years, the European Union has developed, amended and implemented new regulations, schemes and technological tools to reach its goal of increasing the number of visitors while ... Read More »

Singapore, Indonesia renew US$10b currency pact for another year

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Singapore and Indonesia will renew a US$10 billion (S$13.8 billion) currency pact, which will help support monetary and financial stability in the region. Both countries will continue to have access to each other’s currency as well as United States dollars to settle trades or defend their currency in times of financial stress. This was announced by Prime Minister Lee Hsien ... Read More »

Malaysian Wins RM3.36 Million In ‘Shark Tank’ For Her Business

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She hails from Salak South, Kuala Lumpur and went to the United States after receiving her diploma from Tunku Abdul Rahman College. A few years ago, she decided to quit her corporate job and start a light therapy lamp business called Circadian Optics with her co-founder and husband, Chew Kin Mun. She was picked from thousands of applicants across America ... Read More »

Canadian Celtic duo to perform at Char’s Landing

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This week at Char’s Landing in Port Alberni, experience the magic of the Canadian Celtic duo of fiddler Pierre Schryer and guitarist Adam Dobres. Schryer & Dobres have just released a new album called “Mandorla,” which features an eclectic array of musical gems from across the globe, including traditional and contemporary tunes in various styles from far-reaching places like Canada, ... Read More »

Australia Market falls as US-China trade tensions escalates

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Headline indices of the Australian share market closed down on Wednesday, 09 October 2019, snapping three days of winning streak, on tracking weak lead from Wall Street overnight as investors risk sentiments soured after a fresh flare-up in tensions between Washington and Beijing dimmed hopes for a deal in high-level trade talks this week. At closing bell, the benchmark S&P/ASX200 ... Read More »

Iran, Azerbaijan stress bolstering joint investments

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Iranian Finance and Economic Affairs Minister Farhad Dejpasand and Azeri Minister of Labor and Social Protection of the Population Sahil Babayev met on Tuesday to discuss ways of boosting trade ties, Shada reported. In the meeting which took place at the place of Iranian ministry, the two sides stressed bolstering joint investment and mutual economic collaboration as ways of boosting ... Read More »

Portion of US-78 to close for 9 days due to port access road construction

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CHARLESTON, S.C. (WCSC) -Part of the King Street extension otherwise known as US-78 will be closed for nine days starting Wednesday morning. The road will be closed to traffic between Discher Street and Hackemann Avenue until Oct. 18 at 5 p.m. According to the South Carolina Department of Transportation, the closure is necessary because crews need to install girders for ... Read More »

UK seeking stronger post-Brexit trade with Turkey

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The U.K. wants to protect and increase its trade volume with Turkey, the British Chamber of Commerce in Turkey (BCCT) Chairman Chris Gaunt told Anadolu Agency on Oct. 8. The Turkish and British authorities are seeking to find a solution to issues that may arise in bilateral trade post-Brexit, Gaunt confirmed. He said that the U.K. does not want to ... Read More »

End of the road for electric car grant for company cars

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The Government has ended the €3,800 grant for businesses purchasing electric cars or plug-in hybrids, in a decision seemingly at odds with efforts to encourage the move to electric transport. The grant, administered by the Sustainable Energy Authority of Ireland (SEAI), was on top of the €5,000 tax rebate on Vehicle Registration Tax (VRT) on full-electric vehicles. A zero per ... Read More »

Russia courts Kenya for new business, trade deals

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President Uhuru Kenyatta with Russia’s Senate Speaker, Valentina Matviyenko, when she paid him a visit at State House, Nairobi last year. –FILE Russian President Vladimir Putin is set to meet again with President Uhuru Kenyatta this October as Moscow woos Kenya, which it deems a strategically important bilateral partner in the East African trading bloc. Mr Kenyatta has been invited ... Read More »

French Customs turns to Geodis for “no deal” dry runs

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LONDON: Logistics operator Geodis has partnered with French chemical manufacturer Arkema in piloting dry runs organised by French Customs to test the future arrangements that will be implemented in the event of a “no-deal” Brexit. Geodis is now ready to support its customers for customs and transport operations involving the United Kingdom, whatever the Brexit scenario. In the context of ... Read More »

China lashes out at Western businesses as it tries to cut support for Hong Kong protests

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It’s not just professional basketball drawing China’s wrath. As China sanctioned the National Basketball Association this week for a pro-Hong Kong message delivered by one of its team leaders, other American companies scrambled to avoid fallout of their own. Tiffany & Co., which relies on the Chinese market for double-digit revenue growth, scrapped a global advertising image that some in ... Read More »

China to use blockchain for cross-border customs clearance

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the Chinese government revealed that it plans to use blockchain in numerous aspects of cross-border trade in Hangzhou. The area, highly active in manufacturing and e-commerce, has seen the positive effects of digital transformation. Among other new initiatives, blockchain will further improve data integrity and transparency. China’s statement focused on the logistics and e-commerce enterprises in Hangzhou, which manage the ... Read More »

Asian and EU customs co-operation makes huge scoop of counterfeit goods

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The Joint Customs Operation HYGIEA was carried out within the Asia-Europe Meeting (ASEM) framework as part of joint efforts of the participating countries in the fight against counterfeit goods. The results of this operation coordinated by the European Anti-Fraud Office (OLAF) were shared at the 13th ASEM customs directors-generals and commissioners’ meeting held in Ha Long Bay, Vietnam, on 9-10 ... Read More »

Sugary drinks, e-cigarettes to cost more in UAE from December 1

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UAE announced on Monday that the new selective tax on electronic smoking devices and tools and sweetened beverages will come into effect from this year. The Federal Tax Authority announced that the new selective tax on the e-smoking devices (tools and liquids used in them) and sweetened drinks would be applied from December 1, 2019, Wam reported on Monday. The ... Read More »

Finland to decide how Britain votes on EU laws after Boris Johnson pulls officials out of meetings before Brexit

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Finland will decide how Britain votes on new EU laws and regulations, thanks to Boris Johnson’s decision to pull British diplomats out of meetings in Brussels early. The prime minister announced earlier this month that the UK would stop participating in EU meetings, in an attempt to signal to Brexiteers that he was serious about leaving the bloc at the ... Read More »

Poland says EU has averted an energy tragedy by limiting Russian gas supplies to Europe

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The decision by the top court in the EU to curb Russian energy firm Gazprom’s use of the Opal gas pipeline, which links Nord Stream to Germany, has saved Poland from a ‘tragic’ gas shortage, its state oil and gas company admits. According to Petr Wozniak, head of Poland’s state oil and gas company PGNIG, Gazprom’s continued operation of the ... Read More »

Spanish cheese, wine and oil to be subject to new US tariffs

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Spanish cheese, wine, olive oil and pork products will be affected by the United States government’s decision to introduce new duties on certain European Union exports starting on October 18. The move comes after the World Trade Organization (WTO) ruled that the US can impose annual tariffs on as much as $7.5 billion worth of European exports in retaliation for ... Read More »

Montepio Bank to appeal €13M fine

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Montepio Savings Bank will appeal against the decision of the Competition Authority (PCA) which sentenced it to a fine of €13 million for sharing sensitive information on credit. “Montepio does not comply with the decision and will adopt all the necessary measures to defend its best interests”, reads the information disclosed by the Portuguese Securities Market Commission (CMVM). The PCA ... Read More »