Search Results for: South Africa

BY MARK ROWE
MALAYSIA lost RM1.2 billion (US$350 million) in tax revenue last year as a result of an increase in trade in contraband and counterfeit cigarettes. The Domestic Trade and Consumer Affairs Ministry said smugglers were exploiting poor enforcement at major ports in both the north and south of the country to bring in contraband and counterfeit cigarettes.…

BY SWINEETHA DIAS WICKRAMANAYAKA
CEYLON Chocolated Ltd, Sri Lanka’s dominant chocolate company, is launching its premier brand Kandos and its latest introduction Newgen into south India. The company has invested SLRupees 150 million in its production centre at the city of Kandy.…

BY RICHARD HURST
THE SOUTH African national oil and gas agency, PetroSA, its PetroWorld joint-venture partner Transworld Exploration, plus Foster Wheeler Power Systems, Starchem Technologies International and Waller Marine will jointly develop a US$700 million fuel-grade methanol plant: output 12,000-15,000 tonnes a day.…

BY RICHARD HURST
TENDERS for dam construction, building and upgrading main access roads and bridge construction have been awarded for Anglo American’s first Zimbabwe platinum project, the Unki mine. AA has not yet released the names of the successful companies, beyond saying that they have a “strong black South African economic empowerment component.”…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is lending US$17.5 million in INDRupees to Indian textile company Alok Industries Ltd, allowing the Mumbai (Bombay)-based company to expand and modernise its knitting facilities and meet growing demand from domestic and international customers.…

BY KEITH NUTHALL
AGRICULTURAL economists may disagree, but predicting trends in world food markets is not necessarily rocket science. A dose of healthy common sense can be as good a guide for the future demand for commodities as any amount of slide rules and complex economic equations.…

BY KEITH NUTHALL
BRAZIL has extended its safeguard duty regime against imports of shelled and shredded dried coconuts, imposing it on Malaysian exports. The south-east Asian country had previously been exempt, along with 87 other developing countries said a note to the World Trade Organisation.…

BY MONICA DOBIE
HARRY Potter fans have managed to acquire Book 5 from a Quebec, Canada, Walmart store, in St Constant, south of Montreal, nine days before its official launch. Raincoast Books, the Canadian Publisher of the Harry Potter series, said it was probably a result of human error and that it will seek a court-ordered injunction preventing the store or any individuals from releasing any information on book.…

BY KEITH NUTHALL
EVERY year it seems, the international community has a pet topic in which it is fashionable to promote good behaviour, and this year the favoured cause seems to be water conservation. The World Bank, the UN Environment Programme and others have all produced weighty tomes on the need to conserve drinking water stocks.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank is lending US$17.5 million in INDRupees to Indian textile company Alok Industries Ltd, allowing the Mumbai (Bombay)-based company to expand and modernise its facilities and meet growing demand from domestic and international customers.…