China's value-added tax reform is expected to be implemented across all industries next year. Business taxes in four sectors - finance, construction, property and consumer services - will be replaced by VAT. Business tax refers to a ...
Tags: VAT
Taiwan's machine-tool makers have entered into an alliance with the island's aircraft builders and a government-backed laboratory to develop intelligent industrial technology to sharpen their machine tool capability to manufacture aircraft, ...
Tags: aircraft-building, intelligent industrial, Processing Machinery
The Chinese mainland made around 104 billion U.S. dollars in non-financial investment in overseas markets in the first 11 months of 2015, up 16 percent year on year, an official of the Ministry of Commerce (MOC) said on Tuesday. Outbound ...
Call it a tale of two sectors -- China's slipping manufacturing and flourishing service sector have defined the country's economy. The Chinese economy is undergoing heavy restructuring as it slowed to a six-year low of 6.9 percent in the ...
Tags: economy, service sector, manufacturing
Nestle Zimbabwe has commissioned a milk powder plant following its $8m renovation in order to increase production capacity. The refurbishment has enhanced the plant's capacity from 900kg to 1,600kg for creamer and from 900kg to 1,500kg ...
Tags: Milk Powder, Nestle
Air freight volumes were up slightly in September according to the IATA, with freight tonne kilometres (FTK) 1.0% higher compared to a year ago. This was a small improvement on August, when volumes were broadly stable year to year, however, ...
Tags: Air Freight, world trade
Spot gold was trading at three-month lows Monday morning, below $1,100/oz on COMEX for the first time since August on a strong US dollar, boosted Friday by strong US jobs data. Data showed Friday 271,000 new jobs were created in the US in ...
Tags: Gold, US economy
The European machine vision (MV) industry is in “an excellent condition”, according to the German VDMA’s latest market survey. published earlier in July. It states that the MV sector’s turnover grew more strongly ...
Tags: Machine Vision, strong growth, software
Total sales of machine vision (MV) components and systems in North America increased 11% to $1.04 bn in the first half of 2014, according to new statistics issued by trade association the AIA. This is the best first half performance by the ...
Tags: Machine Vision, manufacturing sector, smart cameras, lighting
Swiss food fragrance and flavours company Givaudan has initiated plans to set up a flavours manufacturing facility in Ranjangaon, Pune in India. Givaudan is investing CHF 55m ($55.8m) as a part of growth strategy to foray into Indian ...
Tags: food fragrance, emerging market
The IATA reports that air freight volumes were broadly unchanged in August compared to a year ago, with freight tonne kilometres 0.2% higher. The August data shows a pause in earlier declines in air freight volumes, consistent with ...
Tags: Air Freight, air freight volumes
It’s a long way from New York’s Madison Avenue advertising agencies to Gaborone, but for Botswana a lot is riding on the success of the ad campaign De Beers will launch in the coming weeks. Like oil-exporting countries now ...
Business activity in China's non-manufacturing sector expanded in August with slightly slowed pace from June and July, official data showed on Tuesday. The purchasing managers' index (PMI) for the non-manufacturing sector fell to 53.4 in ...
Tags: PMI, non-manufacturing sector
Givaudan, the worlds’ leading flavour and fragrance company, has opened a new technical centre along with offices in downtown Tokyo. Designed to deliver a superior level of creative flavour and taste solutions, the CHF 12 million ...
Premier Foods has more than doubled the production of its Mr. Kipling Snack Pack cake slices by opening a new 20million pound production line at its bakery in Carlton, Barnsley. The new production line with robotic technology increases ...
Tags: bakery, Premier Foods, delicious cake