Tag Archives: managing director

Depreciation of cedi affecting oil importers, causing price hikes – Senyo Hosi

The managing director of the Ghana Chamber of Bulk Petroleum Distributors, Senyo Hosi, said the depreciation of the cedi is largely responsible for the rising cost of petroleum products which by extension affects the prices of other things such as transport and food prices. The Chamber of Petroleum Consumers has predicted that from tomorrow, Wednesday, March 16, 2022, ...

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Greystone strengthens its CMBS platform with new recruits

NEW YORK, March 14, 2022 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, announced new senior executive hires on its CMBS platform as it expands to become the a leading provider of driven loans for the CRE market. Russ Avery has joined the CMBS team as Head of Structuring and is based in New York. He ...

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Former Mortgage Choice CEO Launches Lender

A new non-bank lender has entered the mortgage market, led by former bosses of Mortgage Choice and the Royal Bank of Scotland. New residential mortgage lender Wave Money has launched and started underwriting loans, promising to meet the needs of underserved borrowers and brokers. Former Mortgage Choice chief executive John Flavell founded the company and began running it as chief ...

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Two new Covid-19 ART kits available in stores from March

SINGAPORE – Two new rapid antigen test (ART) kits, AllTest and Indicaid, will be available in stores from March amid Singapore recording a record 26,032 Covid-19 cases on Tuesday February 22. Medical device company Alcotech told the Straits Times it will bring five million AllTest kits from China. These will be stocked by retailers such as FairPrice, Guardian, Watsons, Shopee ...

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Your Harlow

MAGDALEN LAVER based wholesaler, Peregrine Livefoods has recently dabbled in the world of aquatics following the acquisition of specialist fish food brand, FishScience. Peregrine Livefoods, the UK’s largest reptile wholesaler and FishScience, an innovative company that uses sustainable alternatives to fishmeal, completed the acquisition process on 18and from February. After stocking the products for several years, the wholesaler seized the ...

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adb: IIFL Home Finance to secure $68m in AfDB loans

Multilateral finance agency Asian Development Bank has offered $68 million in financing to IIFL Home Finance to expand its footprint in the affordable and green housing segment. The financing includes a direct loan from the AfDB of $58 million and another concessional loan of $10 million from the Canadian Climate Fund. The Canadian fund will also be channeled through the ...

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Handmade rug industry in decline

LAHORE: Exports of hand-knotted carpets are declining due to shortage of skilled labor, expensive raw materials and higher cost of business. The indifferent attitude of successive governments has also played a key role in the downfall of the carpet industry, which was once vibrant and attracted buyers from all over the world. Exports of handmade rugs have been in continuous ...

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SBI and PHDCCI launch industry outreach program to assist SMEs affected by COVID-19 pandemic in Haryana

The PHD Chamber of Commerce and Industry (PHDCCI), in association with the country’s largest lender, the State Bank of India (SBI), has launched an industry outreach program to help small and micro businesses (SMEs) affected by the COVID-19 pandemic in Haryana. The two organizations conducted an industry outreach program called ‘SBI-PHDCCI Industry Roundtable Meet’ in Karnal, Haryana on February 17 ...

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Here are 24 Australian makers looking to bring amazing tech products to market

Whether walking the Earth or scanning it from space, 24 Australian manufacturers have received federal government grants to help bring their ideas to life. The latest round of 24 co-invested projects under the Commercialization Fund managed by the Advanced Manufacturing Growth Center will see local manufacturing contribute more than $32.4 million in funding alongside the 9.03 million dollars from the ...

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Lawmakers and regulators seek to cap fees charged by carriers at ports

Mark Boone reluctantly agreed that the cost of shipping a container of wax melters from Pakistan to Charleston, SC doubled in the past year to more than $17,000. But the shipping company’s additional $6,820 charge in December for a single container that U.S. Customs and Border Protection set aside for inspection for 20 days fell outside commercial market forces, in ...

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UK: Rochdale food wholesaler secures new government funding

UK Export Finance’s £500,000 General Export Facility has helped overcome coronavirus (COVID-19) related supply chain challenges The export operations of the family business Forrest Fresh have thus increased eightfold, which has helped to preserve local jobs. The company, which supplies Cadbury and Walkers, is now pursuing larger contracts in Europe, the Middle East and South East Asia. Leading UK food ...

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Natural gas shipments, mostly from the United States, ease Europe’s energy crisis

Near the entrance to the vast port of Rotterdam in the Netherlands is a specialist port that offers an alternative to the network of Russian pipelines that feed much of Europe’s thirst for natural gas. The facility, called Gate Terminal, is a critical entry point for liquefied natural gas, an increasingly vital fuel for Europe. This week, a giant tanker, ...

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Local book publisher writes its own titles as it moves into brand new £400,000 headquarters in Harborough

Troubador Publishing is busy writing its own success story after moving from Kibworth Harcourt to the town’s new Airfield Business Park warehouse and office base. A local book publisher is writing its own titles as it moves into a brand new £400,000 head office in Market Harborough. Troubador Publishing is busy writing its own success story after moving from Kibworth ...

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Symphony becomes the 2nd exporter of smartphones “Made in Bangladesh”

Symphony started exporting smartphones to Nepal with a shipment of 15,000 smartphones on October 26 last year TBS report January 22, 2022, 2:55 PM Last modification: January 22, 2022, 9:46 PM Photo: Mumit M/TBS “> Photo: Mumit M/TBS Symphony has become the second local brand to export “Made in Bangladesh” smartphones by sending its smartphones to Nepal’s Apex Group. “We ...

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Sampath Bank Announces Strategic Partnership with National Chamber of Exporters – The Island

Sri Lanka’s leading private sector bank, HNB PLC, has partnered with local automotive giant Indra Traders to provide customers with exclusive leasing solutions for unregistered and used vehicles and freezers. Customers can enjoy attractive benefits and discounts during the promotional period from January to December 2022. Dilshan Rodrigo, Managing Director of HNB, Chief Operating Officer, and Rushanka Silva, Managing Director ...

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Couple shocked car loan repayment ‘waiver’ doesn’t cover job loss

Nick Reed / Stuff The refund waivers sold with some auto loans are extremely poor value for money, with the Commerce Commission calculating the chance of a customer’s application being approved is just 2%. Loan repayment ‘waivers’ on two auto loans proved worthless to a couple who struggled financially, a Financial Services Complaints Department investigation has found. Repayment waivers are ...

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Northern Ireland manufacturers say Brexit protocol is least of concern – survey | North Ireland

Manufacturers in Northern Ireland ranked post-Brexit trade deals in Northern Ireland as the least of the challenges facing their businesses, according to a quarterly industry survey, with 28% saying trade with the EU has increased over the past year. The main concern was the labor shortage caused by the pandemic, but also the end of the freedom of movement which ...

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New technology to improve welfare in Australia’s live animal export industry

Australian live animal exporters will soon use automated sensors to monitor environmental conditions on ships after a successful trial of a new technology developed in Norway. The technology – which aims to improve animal welfare and connectivity – uses a series of nodes to automatically collect and transfer data from sensors throughout the vessel. The data is then sent to ...

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Is this resilient farm-to-fork system a “proof of concept” for revolutionizing hospital nutrition?

An ambitious program launched by Chief Executive Santana Diaz at the University of California, Davis Medical Center in 2018 aimed to resolve one of healthcare’s most glaring contradictions – malnutrition which affects up to 50 percent of hospital patients worldwide. The farm-to-table chef planned to serve only healthy, organic foods sourced within 250 miles of the three Sacramento area hospitals, ...

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KPA to complete second oil terminal

President Uhuru Kenyatta visits the Kipevu oil terminal in Mombasa County in August 2021. [PSCU] President Uhuru Kenyatta is expected to inspect the progress of the new Kipevu Oil Terminal (KOT) under construction at Mombasa Port today. It comes as the Kenya Ports Authority (KPA) prepares for the completion of the 40 billion shillings facility, which is expected to ease ...

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FMCG companies increase sourcing as coronavirus curbs return

NEW DELHI : Packaged goods companies are once again ramping up supplies and stocking products in retail stores and e-commerce channels as covid restrictions emerge in several large states. CavinKare, a fast-growing Chennai-based consumer products company, said it is proactively ramping up production and increasing inventory at retail outlets. “In case there is some kind of peak in the third ...

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Sweater emerges as the next big bet as China exits the market

After retiring from the police force, Mostafa Golam Quddus established a sweater factory in Bangladesh in 1987, marking the country’s entry into the predominantly Chinese-dominated global sweater market at the time. He brought in 43 Chinese experts for his factory and what happened next stunned the local business community – he exported $ 3 million worth of products in the ...

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EXIM Thailand highlighted the year 65, the opportunity to expand the exporter’s market. After showing the best form, set a new record in all dimensions, profit increases by more than 200%

Home »Economy» EXIM Thailand highlighted the year 65, the opportunity to expand the exporter’s market. After showing the best form Set a new record in all dimensions, profit growing by more than 200% December 26, 2021 Sunday, December 26, 2021 EXIM Thailand reports that in 2022, Thailand’s economy is expected to grow alongside the global economy. Exporters must adapt to ...

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Port and sherry importers ‘dismayed’ as tax shake will add more than £ 1 to the price of the bottle | Food industry

Brits who love a festive glass of port or sherry should treat it with care this Christmas, as an alcohol tax shake threatens to add at least £ 1 to bottle prices next year. The Chancellor announced a radical overhaul of alcohol duties in the budget, reducing the tax on less strong drinks, such as draft beer, but increasing them ...

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DFCC Bank: signs a memorandum of understanding with the National Chamber of Exporters (NCE)

Sri Lanka’s premier commercial bank, DFCC Bank, has announced the signing of a landmark Memorandum of Understanding with the National Chamber of Exporters (NCE) and will now act as one of the Chamber’s main strategic partners. Through this MOU, DFCC Bank extends the full range of end-to-end financial solutions to all NCE members, giving them access to customized export finance ...

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Government to relax collateral requirements

The government is set to introduce an innovative financing model as part of a new law to allow small businesses and startups to show their movable assets as collateral to feed entrepreneurs and help them get loans. A bill on the collateral protection of movable property has already been formulated, according to an official from the Ministry of Finance. The ...

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Tamworth Manufacturing: Obieco Industries, One of Australia’s Largest Gas Truck Manufacturers, Expands With New Factory | The head of the daily newspaper in the North

community, It is one of Australia’s largest gasoline truck makers, but Tamworth’s Obieco is not immune to the country’s labor shortage. The state government just gave the company $ 200,000 to build a truck manufacturing plant, creating 10 local jobs. Obieco chief executive Anthony Steel said it was difficult to build enough trucks to meet demand. “It is difficult to ...

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Paper-based trays offer ‘breakthrough in packaging sustainability’

The new range consists of a 500 g tray of microflute and a 250 g pressed cardboard product tray, both fully recyclable and offering the possibility of a custom brand. The tray is in micro flute and the tray is in pressed cardboard. The 500g tray is also made from recycled content. The 250g pressed cardboard tray option includes a ...

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Consumer mood improves with return to normalcy | Lithgow Mercury

news, national Australians’ moods have improved over the past week as the nation moves closer to some sort of normalcy, with COVID-19 restrictions continuing to ease. The ANZ-Roy Morgan consumer confidence index rose 1.3 percent, recouping about half of the drop from the previous week. Notably, confidence jumped 4.9% in Victoria after the state eased all its remaining COVID-19 restrictions ...

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Exporters seek intervention funds for SMEs

Stakeholders in the agricultural sector called on economic officials to deepen the export investment plan for small and medium-sized enterprises (SMEs) in the country. Speaking on behalf of stakeholders, renowned expert and Managing Director / CEO of Sourcing and Produce, Mr. Lanre Awojoodu affirmed the need for the federal government to provide access to loans to exporters in their quest ...

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Achieving Net Zero manual launched to support food and beverage manufacturers

The Food and Drink Federation (FDF) today launched its manual to help food and drink manufacturers on their journey to Net Zero. The Achieving Net Zero manual describes how the FDF and the food and beverage industry can address these challenges and provides practical advice for food and beverage manufacturers, especially those in the early stages of development. developing their ...

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South Africa and Tanzania meet on avocado imports

In March of this year, a consignment of avocados from Tanzania was confiscated at the Beit Bridge border post because an integrated systems approach to controlling fruit flies associated with the commodity in Tanzania was lacking. still been finalized. “A bilateral verification visit has been confirmed for November 9, 2021, during which the two national plant protection organizations will finalize ...

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SON unveils checkmate rejection standards for Nigerian agricultural products

Gilbert EkugbéThe Standards Organization of Nigeria (SON) has introduced new standards to combat the high level of rejection that Nigerian agricultural products face in global markets. The decision according to the standards body is appropriate and timely to make Nigerian agricultural products competitive in international markets, especially with the introduction of the African Continental Free Trade Agreement (AfCFTA). SON Managing ...

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Ghana Shippers Authority engages stakeholders on AfCFTA

Headquarters of the AfCFTA in Accra The Ghana Shippers Authority organized a forum for importers, exporters and key stakeholders to address the challenges of the sector for the benefit of their businesses. It was also a matter of making shippers aware of developments in the international trade scene and of equipping them to be more competitive on the international market. ...

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Saudi Arabia, world’s largest oil exporter, targets net zero emissions by 2060, Auto News, ET Auto

RIYAD (Reuters) – The Crown Prince of Saudi Arabia said on Saturday that the world’s largest oil exporter aims to reach net zero emissions by 2060 and more than double its annual carbon reduction target. Crown Prince Mohammed bin Salman and his energy minister said OPEC member Saudi Arabia will tackle climate change while ensuring stability in the oil market, ...

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Concerned EU importers turn to trucks for Chinese goods

HAMBURG, Germany – Footwear distributor Hamm Market Solutions needed to ensure this year’s fall / winter collection arrived in Germany on time from its supplier’s factory in South China’s Guangdong Province – or face having to dispose of 84,000 pairs of casual shoes at a major shed. Werner Prigandt, the company’s logistics chief, knew it would be risky to move ...

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exports: how to file complaints for non-payment of goods already shipped

Exporters often face the problem of receiving late payment or not receiving payment for goods shipped to overseas buyers. Mitigating payment risk is one of the biggest challenges in export transactions, according to exporters. It is imperative that exporters be especially careful when choosing a method to receive payments, as this in itself can be a form of risk mitigation. ...

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“How Nigerian Manufacturers and Exporters Can Exploit Currency Weakness” | The Guardian Nigeria News

Local manufacturers and non-oil exporters have been urged to take advantage of the devalued currency to improve their export capacity and hedge against local challenges, especially under the Continental Free Trade Area agreement. African (AfCFTA). Giving advice during the annual virtual forum for clients of the SME Directorate of the Bank of Industry (BoI), Francis Anatogu, Senior Special Assistant to ...

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Australian wine exports reflect difficult year

Australian wine exports declined 24% in value to $ 2.27 billion and 17% in volume to 638 million liters in the year ending September 2021, according to the latest export report from Wine Australia released today. The average value also fell 9 percent to $ 3.56 per liter free on board (FOB). The decline was attributed to a significant drop ...

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How exporting and importing MSMEs will benefit from IFSCA’s decision to help India tap into the global $ 3 trillion factoring market

in July this year, parliament passed the Factoring Regulation (Amendment) Bill 2021 to assist MSMEs with better avenues of access to credit, in particular through TReDS. Credit and financing for MSMEs: Invoice discounting, factoring or trade finance is an extremely important market globally – over $ 3 trillion and is expected to be worth around $ 6 billion to $ ...

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“We have increased our pomegranate production by 15% this year”

The Egyptian pomegranate season is in full swing and demand has been strong in international and domestic markets. An exporter takes pride in the fact that the pesticide residue test did not detect any traces of pesticides, which was a major selling point for the company. May Salem, Managing Director of Egyptian fruit exporter Finbi, says they are still in ...

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Parfetts almost doubles the Go Local range with 58 new lines | New

Parfetts almost doubles its own “Go Local” label range with the deployment of more than 50 new products. The new wave of products hitting shelves this month consists of 58 new items, which range from impulse categories to household items, such as soft drinks, energy drinks, snacks and pet food. of company. These products will be placed alongside the existing ...

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ADEX is hosting a webinar to present funding solutions to support …

(MENAFN-Mid-East.Info) Abu Dhabi: As part of its mission to boost the sustainable growth of UAE manufacturing and export companies, the Abu Dhabi Export Office (ADEX) hosted a webinar to present its main financing solutions that can help boost exports and improve the competitiveness of local businesses in global markets. Theme ‘ Financing solutions and services to support the growth of ...

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Mosques and Kabrastans import ‘halal’ disinfectants from Turkey as places of worship reopen from October 7 in accordance with Covid protocols

Following the announcement by Chief Minister Uddhav Thackeray that all places of worship will reopen from October 7, there has been a demand for “halal” certified disinfectants in the Muslim community. Leaving no stone unturned to follow Covid security protocols, some mosques, kabrastans and dargahs Mahim and Haji Ali have imported “halal” disinfectants from Turkey, sourcing alcohol-free disinfectants for use ...

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African Development Fund approves $ 116 million to upgrade road corridor in Tanzania

The African Development Fund board on Wednesday approved a loan of around $ 116 million to the Tanzanian government to modernize a 160 km Mnivata-Newala-Masasi road corridor in the south of the country. The Bank loan represents 98.71% of the project cost; the Tanzanian government will provide the remaining 1.29% of the funding. The project will upgrade the causeway, including ...

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Government celebrates commercial success of UK creative industries with new export aid announcements

The creative industries will benefit from government support through a new package of measures announced at an event organized by the Department of International Trade (DIT) yesterday (Monday, September 20). The event brought together business leaders from the UK’s creative industries – television and film, music, publishing, fashion, games, advertising and immersive technology – to celebrate their export success and ...

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The cap rate on exporters’ dollar deposit rates is a “good move”: local banks

By Yakuta Dawood Recently, the Central Bank of Sri Lanka (CBSL) imposed a maximum interest rate of 5% for foreign currency deposits from Authorized Commercial Banks (LCB) and National Savings Bank (NSB). This topic is important because this CBSL measure will now eliminate the interest rate anomaly that prevailed in the domestic market between the interest rates offered by banks ...

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New honey tea sells for 3,100 Tk per kg

Tue Aug 24, 2021 12:00 AM As natural honey is added to tea leaves that are rich in antioxidants, the tea will help consumers boost their immunity, said Md Rashedul Islam, deputy director of Sabazpur Tea Company who proposed the new variety. PHOTO: STAR “> As natural honey is added to tea leaves that are rich in antioxidants, the tea ...

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Expect food prices to rise later this year, wholesaler warns

The head of a large Irish wholesaler expects food price inflation to start in the second half of this year. im Barry, managing director of The Barry Group, based in Mallow, said the company was receiving notices from some of its suppliers regarding the price hike. “We’re seeing evidence of vendor advice on price increases, so I think there will ...

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PPA warns of delays in cargo shipments from China – Manila bulletin

The Philippine Port Authority (PPA) warned today (Aug. 18) of delays in delivering cargo with the partial closure of several ports in China due to COVID-19. 1200px-Philippine_Ports_Authority_ (PPA) .svg PPA urged Philippines-based importers and exporters to make the necessary operational adjustments to reduce the negative impact of looming delays in their day-to-day operations. Already, in the past two weeks, several ...

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Employment in industry and manufacturing up 60% in the second quarter of 2021 compared to the first quarter: Michael Page Singapore | Taiwan News

SINGAPORE – Media OutReach – August 5, 2021 – Global recruiting specialist Michael Page Singapore saw the number of jobs increase in the second quarter of 2021 compared to the first quarter, driven by a 60% increase in industry and manufacturing. This was followed by an increase in opportunities in sales and marketing (up 41%) and digital (up 33%). According ...

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Where have all the sea containers gone?

The shipping container that has been the cornerstone of global trade growth is emerging as the latest source of frustration for importers and exporters facing global supply chain disruptions. Steel crates are harder than ever to find as growing demand for inventory replenishment and a series of shipping disruptions have left several thousand containers stranded at sea on ships anchored ...

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Tonga’s raw sugar ‘famine’ set to continue through August

Tonga is experiencing a sugar famine that is expected to last another month. Containers of sugar due to arrive this weekend have missed sea links and will not reach Tonga until the end of August, according to an importer, who is still awaiting the arrival of his January order. Deliveries that previously took 6-8 weeks now take 5-6 months to ...

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