The Sri Lankan passenger who attempted the smuggling was found to be from Negombo, and was bound to Singapore via Mumbai aboard the aircraft bearing the number 9W251, when he was intercepted by Customs officers at the departure terminal, Media Spokesperson ... ( read original story ...)
Carpenter nabbed with forex worth Rs.14mn in his rectum
... Mirror BIA Deputy Customs Director Parakrama Basnayake said the suspect was arrested after a tip off to the customs. He was bound to Singapore via Mumbai by flight 9W251. During the inquiry the suspect was identified as a carpenter from Negombo area. ( read original story ...)
Smoke ’em if you got ’em: Singapore busts Malaysian smuggling 3,200 cartons of cigs
The labels read wafer cup cones and chocolate dips, and we’re pretty sure that’s not what they’re calling thousands of Melvus hidden in the back of your truck.ve Singapore Customs has since taken over. Should the lorry driver have to pay the amount ... ( read original story ...)
Foreign investment surges 52%
Imports of foreign-invested enterprises reached $71.35 billion ... Japan was the runner-up, with $5.46 billion, or 24.92 per cent of the FDI. Singapore followed with $3.8 billion, accounting for 17.3 per cent of the total FDI. The central province of ... ( read original story ...)
Declining Exports to Singapore a ‘Blessing’ for Indonesia?
Over the past decade Indonesia has been able to ship more products, largely non-oil and gas items, directly from its ports to overseas destinations. A CMA CGM vessel. (Photo source: SINDO News) Jakarta, GIVnews.com – Indonesia’s exports to Singapore ... ( read original story ...)
Guam Customs finds signs of wood boring insects in container from Singapore
Guam's Customs and Quarantine Agency recently sent back a container to Singapore after finding signs of possible contamination by wood boring insects. The container arrived with lumber, for which the consignee initially lacked the proper permit to import ... ( read original story ...)
UAE buys first U.S. oil cargo to replace Qatar condensate: sources
SINGAPORE (Reuters) - The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row. ( read original story ...)
A temporary salve: implications of an oil bear market on the Sri Lankan economy
In Sri Lanka’s case, trade statistics indicate that approximately 35% (US$ 591 million) of Sri Lanka’s refined petroleum imports for 2016 were purchased from Singaporean refineries. However, Singapore does not possess a significant indigenous source of ... ( read original story ...)
Singapore executes 29-year-old Malaysian for drug trafficking
He was arrested in April that year after Customs officials at the Woodlands checkpoint discovered the drugs in an armrest of a vehicle he borrowed while trying to cross the border from Malaysia to Singapore. On Tuesday (July 11), he took his case to ... ( read original story ...)
Sources: UAE Buys First US Oil Cargo To Replace Qatar Condensate
SINGAPORE—The United Arab Emirates will import the country’s first oil cargo from the U.S., two sources familiar with the matter told Reuters, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row. ( read original story ...)
South Korea To Ease Oil Terminal Rules In Bid To Become Trading Hub
Even though the South Korean government is still tweaking the final guidelines and technical aspects, the country with a vast refining sector relying almost exclusively on crude oil imports is advancing ... hub in Asia, Singapore, and possible divert ... ( read original story ...)
Singapore executes Malaysian for drug trafficking
Singapore, July 14 (IANS) A Malaysian national, Prabagaran Srivijayan, was executed here on Friday after being sentenced to death in 2014 for importing heroin. Prabagaran, 29, was hanged to death at the Changi Prison at 6 a.m. He was arrested in April 2012 ... ( read original story ...)
BOJ Cuts Inflation Outlook, Asia Generally Higher
Imports rose 15.5% compared to the 14.6% projected ... Wanda Hotel Development rose 7.8% and R&F Properties shares were up 7.4%. Shares of Singapore telco M1 were down 2.3% after falling almost 9% in the previous session. DBS Group Research analyst ... ( read original story ...)
Singapore’s manufacturing output jumps 13.1% in June
SINGAPORE: Singapore's manufacturing output rose 13.1 per cent year-on-year in June, the 11th straight month of growth, according to data released by the Singapore Economic Development Board (EDB) on Wednesday (Jul 26). Excluding the more volatile ... ( read original story ...)
Singapore and South Australia unite to drive functional food innovation among SMEs
The two organisations have signed a Memorandum of Understanding (MoU) to promote business initiatives and share understanding. SPRING is the driving force behind Singapore’s Food Manufacturing Industry Transformation Map, which aims to boost jobs ... ( read original story ...)
WorldRemit Launches Digital Money Transfers from Singapore
LONDON & SINGAPORE--(BUSINESS WIRE)--WorldRemit, the leading digital money transfer company, has launched in Singapore. The new service will enable migrants in Singapore to transfer money to over 140 countries as easily as sending an instant message ... ( read original story ...)