Sri Lanka’s earnings from exports decline 6.0%

COLOMBO: Sri Lanka’s earnings from exports declined by 6.0 per cent in the month of October to US dollars 847.3 million, year-on-year, reflecting lower earnings from exports of all major categories mainly due to weak global demand. On a cumulative basis, earnings from exports declined by 3.9 per cent to US dollars 8,843 million during […]

Turkish exports decline 8.7% for 2015

ANKARA: Turkey’s exports for 2015 showed a decline of 8.7 per cent compared with the previous year, falling to US$144bn, according to data from the Exporters’ Assembly of Turkey (TIM). TIM attributed the disappointing result to fluctuations in parity, decreasing commodity prices and ongoing political conflicts, not least the recent rift between Ankara and Moscow. Since […]

American Chamber opens expanded office in Singapore

SINGAPORE: The American Chamber of Commerce in Singapore (AmCham) officially opened its newly expanded office in Orchard on Monday (Jan 11). AmCham said in a statement that the enhanced platform will enable it to better support its growing membership with “advocacy, insights, and connections”. The expansion also signals its confidence in the future growth of […]

Exports within SAARC countries

According to a World Bank report titled Global Economic Prospects, the official trade volume within the SAARC countries is less than 2 percent of their gross domestic product as export flows of the South Asian nations are highly concentrated with the European Union and United States. At least the one third of the world population […]

DG Customs Valuation determines values of viscose suiting

KARACHI: The Directorate General of Customs Valuation has revised the customs values of viscose suiting sabrics vide Valuation Ruling No. 776/2015. According to details, the valuation of viscose suiting fabric was determined vide Valuation Ruling No.748/2015. The exercise for revision of the values was initiated in pursuance of the FBR’s directives to conduct de-novo exercise […]