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The Hang Seng China Enterprises Index on Hong Kong Stock Exchange added 137.12 points, or 1.02 percent, to close at 13,511.86 on Thursday. The H-shares index, initiated in August 1994 and readjusted on March 10, 2008, tracks the overall performance of 42 Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange. Hang Seng Chi...
The Common Market for Eastern and Southern Africa (COMESA) has earmarked 1 billion U.S. dollars for the implementation of its regional customs transit scheme, a trade facilitation to reduce the costs associated with transporting and transiting goods by between 15 and 25 percent. According to the latest COMESA annual report for 2007, a pilot test of th...
The government's move to temporarily reduce import taxes on 26 commodities, including food items, medical products and cotton, will help reduce inflationary pressure, analysts said on Thursday. The Ministry of Finance said on Wednesday that: Tariffs on frozen pork will be lowered from 12 per cent to 6 percent from June 1 to the end of the year. T...
China's software exports surged in the first four months of this year, due largely to technological innovation, the Ministry of Industry and Information Technology said on Thursday. Between January and April, exports totaled 3.27 billion U.S. dollars, up 54.9 percent year-on-year. Software exports grew swiftly from 720 million U.S. dollars in 2001...
SK Energy, South Korea's largest oil company, said it will buy a 35 percent stake in a joint petrochemical project with Sinopec in Hubei province. The two companies signed a framework agreement to form a joint venture, SK Energy said in a statement. The plant, located in Wuhan in Hubei, will have an annual capacity of 800,000 tons. It is already und...
China announced on Wednesday it would start an anti-dumping investigation against imported cyclic dimethyl siloxane from the Republic of Korea (ROK) and Thailand. The Ministry of Commerce announced it would study the extent of the dumping behavior and its damage to the Chinese domestic manufacturing industry. The investigation would normally end w...
China Petroleum and Chemical Corp. (CPCC), the country's largest oil refiner, said it received 7.1 billion yuan (one billion U.S.dollars) in oil subsidies in April. Board chairman Su Shulin released the information at the annual shareholder's meeting on Monday. This followed the 5 billion yuan in government subsidies in 2006, 4.9 billion yuan in 2...
China is to change import duty rates on 26 types of goods, such as cutting the rate for frozen pork, blood albumin, human vaccine and cotton, among others. The Ministry of Finance said in an announcement in Beijing on Wednesday that it would halve the import duty on frozen pork to 6 percent from June 1 to Dec. 31. On nine types of goods, including cod...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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