The Tirupur Exporters' Association (TEA) is in favour of extension of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the garment sector. At a Pre-Budget consultations meeting with Finance Minister Arun Jaitley ...
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has stated that the Indian Supreme Court order for the temporary closure of about 26 iron ore mines in the Indian state of Odisha may result in a significant fall in ...
Tags: Iron Ore, import duty
Sweden-based special steel producer Ovako has announced that the commercial court of Nanterre in France has made a decision regarding the bid concerning the assets of French engineering steel producer Ascometal in favor of the French ...
Tags: Bankrupt Ascometal
Domestic sales of apparel and textiles in the central South American country of Paraguay has declined by 40 percent last year, compared to 2012, owing to the massive influx of clothing from Argentina and China entering the country at ...
Tags: Paraguayan Clothing, apparel, textiles
South Korea's state-owned Korea Gas Corp said Friday it had sold 5% of its stake in LNG Canada to Shell as part of efforts to reduce its debts. "Kogas' subsidiary Kogas Canada LNG Ltd. has transferred 5% of its stake in LNG Canada to ...
Tags: Gas, LNG Canada
The appreciation of Pakistani rupee against the US dollar has adversely affected export-oriented sectors, including textiles, and the Finance Ministry should look into resolving these issues, said Trade Development Authority of Pakistan ...
Tags: Textile Sector, textile industry
Japan's LNG imports in January rose 1.2% from December to 8.18 million mt but fell 0.8% year on year, data released Thursday by the Ministry of Finance showed. Australia was the largest supplier with 1.73 million mt of LNG, up 10.4% year ...
Tags: LNG Imports, Chemicals
The Petrapole Land Customs Station (LCS) at India-Bangladesh border will now be made operational 7 days a week from January 1, 2014, which will benefit the textiles sectors of both the countries. “The move will ease off the way ...
Data from Japan’s finance ministry showed that Japanese economy increased 0.3% in Q3, 0.5% lower than expexted. The country's economy grew with an 11% annualized rate. And for this, Japanese government takes measures to expand ...
Tags: Japanese economy
China is handing out new subsidies for buying ships to help its beleaguered shipbuilders. The central government will set aside "special funds" that give shippers subsidies of 1,500 yuan ($246.9) per gross ton -- a unit of measure for the ...
Tags: Shipbuilders, Subsidies
China is extending an existing tax exemption on imported gas to new sources of foreign pipeline gas and imported LNG. The Ministry of Finance announced on Monday that the tax exemption will be granted to pipeline imports from Myanmar, ...
Local Brazilian news outlets reported Monday that the government has given Vale until the end of this week to accept or reject the terms of a tax amnesty program that would allow the company to almost halve a $14 billion debt and pay it ...
Tags: Brazil, Vale, opportunity, Halve Government, debt
Canadian retailers are stuck between a rock and a government unwilling—so far—to drop a proposed tariff increase on imported bicycles despite a shutdown of all major bicycle manufacturing in Canada.? In a letter sent last week ...
Tags: UPS, Transportation, bike
Less tax for small businesses and more financial support for local government are on the cards as the Chinese leadership considers to start reforming the fiscal system. On August 1, the turnover tax was replaced by a value-added tax (VAT) ...
Tags: Fiscal Reform
India's Finance Ministry has ruled out reducing the country's current iron ore export duty of 30 percent, according to media reports, ignoring requests from domestic iron ore producers. In August, India's Mines Ministry was seeking to ...
Tags: Iron Ore, Mines Ministry