Posts in category

Parallel imports


The Naira improves slightly against its global counterparts in the parallel market on Friday as liquidity increases slightly in major forex markets. The Naira gained N3 against the US dollar from N506 which it traded last week on Friday at N503 today, Friday July 23, 2021 in the parallel market. Against the Euro and British …

BUENOS AIRES, July 19 (Reuters) – Argentina’s central bank will use “all its might” to streamline runaway demand for dollars and tame the country’s volatile parallel currency markets, which have heated up due to tight capital controls, a banking source told Reuters. Monday. Earlier this month, the bank tightened the rules on companies accessing dollars …

The Chronicle Sukulwenkosi Dube-Matutu, columnistTHE Hwange Thermal Power Plant expansion project is now 67.9% complete, with important milestones being taken on the road to aid and self-sufficiency in power generation in the country. The US $ 1.5 billion expansion program includes the addition of Units 7 and 8 which are expected to add 600 MW …

New Delhi: The Tax Intelligence Directorate dismantled a luxury car smuggling racket in Gurugram that caused tax evasion of over INR 25 crore by smuggling 20 vehicles into India on behalf of diplomats and diverting them to individual. Three people including the CEO of the Big Boys Toyz luxury car dealership were arrested by the …

ECONOMYNEXT – The capacity of radial tires has been increased by 16% to 600,000 per year to meet the high demand, said Sri Lanka-based CEAT Kelani Holdings, as import controls were lifted as the money printing created currency shortages. The addition of two tire presses and a tire making machine will increase the production capacity …

Brexit has taken place and now the UK and the EU must live side by side. But there are already signs that relations will not be harmonious, especially when it comes to the interoperability of some fairly important issues. The number of vaccines continues to rise across Europe, and to promote safe travel to countries …

The Chronicle Patrick Chitumba, Head of the Midlands BureauZIMBABWE’s economy has shown remarkable resilience despite the devastating effects of the Covid-19 pandemic, the Zimbabwe National Chamber of Commerce (ZNCC) said. With the approval of the International Monetary Fund (IMF) and the World Bank, the country is expected to develop its economy this year, taking advantage …

Hezbollah, an Iranian-backed militia, has done all it can to create a parallel state in Lebanon. A “state within a state”, many call it. The Lebanese political class has still failed to form a government after 10 months, and the ensuing political vacuum has allowed Hezbollah to demonstrate its ability to run the country through …

Chennault International Airport in southwest Louisiana is a large aviation property. The former Air Force base has a 3 km long runway, a recently renovated parallel taxiway and 60 acres of concrete tarmac. But when it comes to commercial aircraft activity, it’s puny. The airport, located at Lake Charles, has become a hub for maintenance, …

Due to an ongoing investigation into “irregularities” in Brazil’s $ 324 million deal for Indian shot Covaxin, the contract has now been suspended. Vaccine maker Bharat Biotech issued a statement following the suspension stating that it had not received any advance payment and that Brazil’s purchase of Covaxin was done on a “step-by-step” basis. To …