Search result for GOODS
French company Kering has committed to a 40% reduction in emissions by 2035.
Kering, a French luxury goods company, has pledged to cut its absolute greenhouse gas emissions by 40 percent by 2035, relative to a base year of 2021. To mark the sixth anniversary of the group's 'Crafting Tomorrow's Luxury' strategy, Kering has announced a new goal spanning scop...
GST Increase to Help Generate Revenue for Singapore
On Wednesday, the Finance Minister of Singapore, Lawrence Wong, said that the plan to increase the Goods and Services Tax will help the country in generating revenue that it needs to invest in the social infrastructure of the island and in its people.
Mr. Wong made these comments in a v...
UAE to End Monopolies of Business Giants
The government of the United Arab Emirates has informed some of the biggest business families in the country that it is going to bring an end to their goods importing monopolies.
The Ministry of Economy has said that a draft for regulations on commercial agencies is in procedure but it ...
REPORT SAYS INDIAN FMCG INDUSTRY RECORDED 9.4 PERCENT GROWTH IN FY21 Q4
HIGHLIGHTS
- A report says that Indian FMCG Industry recorded 9.4% growth in FY21 Q4.
- Rural markets continued to build momentum.
In the last quarter (Q4) of FY21, India’s Fast Moving Consumer Goods (FMCG) industry recorded 9.4% g...
REPORT PREDICTS INDIA LEADING GLOBAL FMCG AD SPENDS GROWTH AT 14 PERCENT
HIGHLIGHTS
- A report says that India is leading global FMCG ad spends growth at 14%.
- In India, FMCG ad spends are increasing due to many factors.
- These factors include rising consumer demand, increasing disposable incomes, and catch-up expan...
JAPAN’S CURRENT ACCOUNT SURPLUS FELL IN FEBRUARY OVER IMPORTS
Highlights –
- Japan’s current account surplus fell in February over imports.
- The current account balance logged a surplus of $27 billion.
- Japan’s goods trade surplus has been more than halved to 524.2 billion yen.
US REVEAL LONG LIST OF COMPLAINTS AGAINST INDIA’S IMPORT POLICIES
Highlights
• The United States on Monday unveiled a long list of complaints against India’s import policies, which includes import bans on chemicals, pesticides and grains
• The report outlines import restrictions imposed by India through strict licensing, impo...
MARS WRIGLEY PARTNERS WITH ANS COMMERCE
HIGHLIGHTS
- Mars Wrigley has forged a partnership with ANS Commerce.
- Partnership is meant to focus on warehousing and delivery fulfilment.
- ANS Commerce will also set up cold storage for maintaining the right temperature for chocolates. ...
RISING INPUT COST OF SOAPS LEADING TO PRICE HIKES
HIGHLIGHTS
- The input costs of many FMCGs especially soaps is increasing.
- Hence, the price of various soaps is increasing.
The top Fast Moving Consumer Goods (FMCG) companies in India have raised prices of many soap brands as palm oil...
S. KOREA’S EXPORTS OF ICT PROUCTS INCREASE BY 11.5 PERCENT IN FEB. 2021
Highlights –
- S. Korea’s exports of ICT products increase by 11.5 percent in Feb. 2021.
- Strong overseas demand for chips and displays led to increasing in exports.
- Outbound shipment of chips advanced to $5.22 billion.
- ...
US TO SUSPEND RETALIATORY TARIFFS ON UK PRODUCTS
Highlights
• According to the statement issued by the UK government on Thursday, the tariff suspension will be lasting for four months in order to focus on negotiating a balanced settlement to the disputes
• By removing tariffs on the commerce between the two countri...
FMCG COMPANIES CONTINUE TO BENEFIT FROM ONLINE SALES
HIGHLIGHTS
- FMCG companies are getting benefits due to online sales.
- A report by Unicommerce said that sales on e-commerce grew 36% in volume terms compared to FEB 2020.
- In DEC 2019 quarter, 30% growth was witnessed.
- In DEC 2020 q...
CHINA’S ECONOMY GOING GREAT GUNS WITH FOURTH QUARTER RESULTS PERKING UP
- China is the solitary nation that observed progressive growth in 2020.
- The world's second best economy with only US in front says it grew 2.3% last year, compared with the previous year, with the final quarter seeing growth of 6.5%.
The COVID-19 pandemic h...
18% GST PENALTY ON EMPLOYEES NOT SERVING NOTICE PERIOD WHILE QUITTING JOBS
HIGHLIGHTS
- In Gujarat, 18% GST has been collected over recovered pay for employees who left job without serving notice period.
- Gujarat Authority of Advance Ruling has laid down the new rule.
In Gujarat, leaving job without serving th...
LOTTE ON STRIKES GOLD IN ONLINE LUXURY GOODS AND HOME APPLIANCES SALE
- For over half a year, Lotte Shopping's most touted online mall Lotte On was not able to prove its mettle against major e-commerce firms like Coupang and eBay Korea.
- Lotte Shopping started its online business too late in April and it failed to offer any spectacular services ...
SOUTH KOREA: GLOOMY INDUSTRIAL OUTLOOK PERSISTS WITH FALL IN CONSUMPTION
- South Korea's industrial output remained flat in October from a month earlier with consumption and fund inflow remaining poor amidst the pandemic as proven by data. This goes to say that economic recovery amidst pandemic still remains vulnerable.
- The nation's overall in...
SAMSUNG AND LG PROFITS TO RESURGE AS COVID-19 FAILS TO NORMALIZE
- After several months of sales anomalies due to the COVID-19 pandemic, Samsung and LG Electronics are now seeing healthy increase in the demand for appliances.
- This goes so far as some analysts predicted Sunday that the fourth quarter could also be good for the two tech giants a...
TAYYIP ERDOGAN, PRESIDENT OF TURKEY CALLS FOR BOYCOTT OF FRENCH GOODS
Highlights:
- The president of Turkey has called for the boycott of the goods imported from France
- The president of France has also led the charge against the president of France over his speech on the Muslim religion
On Monday, Tayyip...
U.S.A TO HOLD OFF HIKE IN TARIFFS WORTH $7.5 BILLION ON EUROPEAN AND UK GOODS
Highlights –
- U.S.A to hold off the hike in tariffs worth $7.5 billion on European and UK goods.
- The U.S had threatened the latter with a hike in tariffs over subsidies for Airbus.
- Last year the U.S had raised border taxes on more tha...
JAPAN REPORTED ITS FIRST GOODS SURPLUS IN JULY; LOGGED $109 MILLION
Highlights –
- Japan reported its first goods surplus in July; logged $109 million.
- However, exports remained rather slow in July due to the pandemic.
- Exports dropped by 19.2 percent from a year ago.
- Imports also dropped by 2...