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South African Currency Gains In Early Trade

South Africa’s rand rose holding on to gains from previous sessions triggered by a global investor hunt for high yields and optimism over a breakthrough in trade standoff between China and the United States. The rand has gained about 5% since mid-December, despite a raft of data releases showing a weak economy and nationwide blackouts by state power company Eskom, with ...

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Africa To Tackle Illegal Rosewood Trade With Harmonized Policy

Rosewood is noted to be the most lucrative illegal operation in wild fauna and flora especially across the West African region. The high demand from China has led to illegal logging across the continent thereby increasing the exploitation and exportation of rosewood. The continent is losing huge sums of money due to unsustainable means of harvesting its natural resources as well ...

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Moratorium On SME Loans May Extend To Interest Payments

The government is considering extending the 12-month capital moratorium on non-performing loans (NPLs) of small and medium-scale (SME) businesses to interest payments, acknowledging the difficulties in meeting interest payments by some default SME debtors. The government and the CB were earlier planning to restructure these loans, including the unpaid interest, and to charge interest for the 12-month moratorium period. SMEs, which have ...

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Belgium SMEs In Good Shape

Belgian businesses with up to 50 employees are in good shape as their economic and financial situation improved tremendously in 2018, reaching a 10-year high, a new report shows. The annual report on small and medium-sized enterprises (SMEs), produced by Graydon in collaboration with UNIZO and UCM business organisations reveals an optimistic trend. The level of indebtedness has gone down, while ...

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Iran’s Exports Exceed $32.5bn

Iran exported goods worth $32.5 billion in the period between January and September in 2019, deputy minister of industry, mine and trade for commercial affairs of Iran Hossein Modarres-Khiabani has said. In an address to the working group for promoting Southern Khorasan province’s exports, Khiabani also said that removing obstacles in the way of exporters is among the government’s priorities. Iran’s trade ...

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Rail Corridor Between Iran And Afghanistan To Boost Trade

A major railway connecting Iran and neighboring Afghanistan will be ready in March as construction of a key cross-border line is nearing completion. Iran has almost finished its part of the Khaf-Herat railway, which runs 139 kilometers in three sections straddling the border between the two countries. Once finished, the railway would hugely boost trade between Iran and Afghanistan, a country which has ...

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China’s Border Trade With Pakistan On The Rise

With the construction of the China-Pakistan Economic Corridor (CPEC) and Pakistan’s domestic economic growth, the trade volume surged this year at a major border port between China and Pakistan. Cargo import and export reached 66,600 tonnes in the first 11 months at Khunjerab Pass in northwest China’s Xinjiang Uygur Autonomous Region, up 46.8 percent from the same period last year. Trade volume increased by 1.4 times to 5.99 billion yuan (around 856.3 million U.S. dollars) ...

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Cambodia’s Sixth Trade Centre In Kunming

The sixth Cambodian trade centre was recently inaugurated in Yunnan province, China. The centre will facilitate trade promotion of Cambodia in the world’s second-largest economy. This centre in Kunming city and other trade centres that were already opened will contribute in promoting cooperation between Cambodia and China, particularly boosting bilateral trade between the two countries. There are six Cambodian trade centres in China: in Kunming, Guangzhou, Hainan, ...

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Economic Agreement Between Singapore And New Zealand Updated

The upgraded Agreement between New Zealand and Singapore on a Closer Economic Partnership (ANZSCEP) has been ratified by the two nations and will enter into force on Jan 1, 2020. The upgraded agreement adds e-commerce and regulatory cooperation chapters to the ANZSCEP, Singapore’s first and New Zealand’s second bilateral Free Trade Agreement (FTA) that became effective Jan 1, 2001. The agreement will address modern ...

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JVs Between Cambodia And Japan To Get A Boost

A representative of the Cambodia-Japan Association for Business and Investment (CJBI), vowed to boost the number of joint-ventures between Cambodian small and medium-sized enterprises (SMEs) and their Japanese counterparts. CJBI is the only association in Cambodia which consist of Japanese and Cambodian members and it aims to encourage business-matching between Cambodian and Japanese SMEs. The CJBI is an essential platform to ...

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