Business

DAMASCUS, Syria, Sept 3 (NNN-SANA) – Chinese companies taking part in the ongoing Damascus International Fair, see a promising market in Syria, in the post-war era, Chinese business representatives said.

At the Chinese pavilion in the Damascus’ fair, several companies showcased their products, which are mainly related to the reconstruction process in Syria.

Jing Zhichun, business manager of Shanghai Shangqi Group, said, she is optimistic about her business in Syria.

PHNOM PENH, Cambodia, Sept 3 (NNN-AKP) – Cambodia and Malaysia signed two pacts today (Tuesday), to boost bilateral trade, investment and tourism, said a joint statement.

Cambodian Prime Minister, Samdech Techo Hun Sen and visiting Malaysian Prime Minister, Dr. Mahathir Mohamad, presided over the signing ceremony of the deals after their bilateral talks at the Peace Palace here.

The documents included an agreement on the avoidance of double taxation or DTA and a memorandum of understanding (MoU) on tourism cooperation, it said.

HARARE, Zimbabwe, Sept 3 (NNN-AGENCIES) – Zimbabwean President, Emmerson Mnangagwa, is expected to address party supporters, set to gather in Harare for an anti-sanctions solidarity march, this Thursday (Sept 5).

The Herald newspaper reported that the march is in support of Southern African Development Community (SADC) member states, who are calling for the removal of sanctions imposed on the country, by the United States and the European Union in the early 2000’s.

PHNOM PENH, Sept 3 (NNN-BERNAMA) – Malaysian Prime Minister Tun Dr Mahathir Mohamad today slammed several world superpowers  for imposing sanctions on small countries in the region.

He said the sanction would hurt not only the country involved but also other countries for ‘no reason at all’.

 “We have no quarrel with this country but we are stopped from doing any business with this country because of the sanction. This is grossly unfair.

LONDON (AP) — British Prime Minister Boris Johnson shot down the notion that he wanted an early election to secure Brexit, insisting Monday that it wasn’t the way to get a deal done.

Johnson decried parliamentary action set for Tuesday that is meant to delay Britain’s departure from the European Union, arguing that it would “chop the legs” out of the U.K. position. He spoke moments after lawmakers posted a copy of the proposed bill on Twitter, making clear that they would press the government to seek a delay if there’s no deal.

LONDON, Sept 2 (NNN-XINHUA) – Prime Minister, Boris Johnson, delivered an ultimatum to rebel Tories, asking them to pick a side between his government, or face “chaos” with opposition Labour leader, Jeremy Corbyn.

The prime minister is in talks with his senior aides, in order to respond to reports that rebel Tories are to cooperate with Corbyn, in order to stop Johnson’s plan to take his country out of the European Union (EU) on Oct 31, with or without a deal.

New Delhi, Sep 2 (PTI) The country's manufacturing sector activity declined to its 15-month low in August, owing to slower increases in sales, output and employment, a monthly survey said on Monday.

The IHS Markit India Manufacturing Purchasing Managers' Index (PMI), fell to 51.4 in August, its lowest mark since May 2018, from 52.5 in July, as most survey indicators fell since July to signal a widespread loss of momentum.

New Delhi, Sep 1 (PTI) In an apparent sign of economic slowdown, India's GST collections in August dropped to Rs 98,202 crore from over Rs 1.02 lakh crore in the previous month, the finance ministry said on Sunday.

However, total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs 93,960 crore collected in the same month last year.

BEIJING (Reuters) - China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 0401 GMT.

The extra 5% and 10% tariffs were levied on 1,717 items of a total of 5,078 products originating from the United States. Beijing will start collecting additional tariffs on the rest of the items from Dec. 15.

Beijing started levying a 5% tariff on U.S. crude oil from Sunday, the first time U.S. oil has been targeted since the world’s two largest economies started their trade war more than a year ago.

1 Sep 2019; MEMO: Saudi Arabia created a new ministry for industry and mineral resources, separating it from the kingdom’s colossal energy ministry, and replaced the powerful head of the royal court, in a series of royal orders issued late on Friday, reports Reuters.