After experiencing eight quarters of sluggish business, the Penang air cargo industry expects to see an increase in the volume of outbound and inbound cargo this year.
GEORGE TOWN: After experiencing eight quarters of sluggish business, the Penang air cargo industry expects to see an increase in the volume of outbound and inbound cargo this year.
Penang Freight Forwarders Association (PFFA) honorary secretary-general Ali Ahmad (pic, below) said the association was confident the exported cargo volume would rise by at least 15%, from 67, 911 tonnes in 2020 to 79, 000 tonnes this year.
This is due to the worldwide shortage and surge in the demand for electrical and electronic (E&E) components.
Goods able to clear customs without forms
phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
Goods able to clear customs without forms
phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
Freight rates surge on Chinese demand for containers
Business
May 11, 2021
KARACHI: As the Chinese demand for containers ramps up, there is a sharp surge in freight rates to hurt profitability of Pakistani exporters, it was learnt on Monday.
All Pakistan Shipping Association (APSA) Chairman Asim Siddiqui said the freight rates for containers shot up by around 300 percent, and this is the case in the entire region.
“China is the only country in the world posting high growth and their demand for containers to export Europe and America has increased. Moreover, the Chinese exporters are willing to pay higher rates, so the shipping companies are deploying their resources to China,” Siddiqui said.
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A woman sells vegetable on a pavement in Phnom Penh’s Por Sen Chey district. Hean Rangsey
The pandemic so far – Taking stock of economic losses, starting with the garment sector
Fri, 7 May 2021
The latest wave is sweeping through the Kingdom’s society and key economic sectors, thwarting growth just as it was on recovery mode We are still evaluating [economic losses],” was the brief yet grim answer Meas Soksensan, Ministry of Economy and Finance (MEF) spokesman offered as anxiety gripped key economic sectors in the latest wave of Covid-19 infections.
As of May 6, 114 people had died while positive coronavirus cases have surged to 17,621, more than 30-fold from the cases registered on February 20, when the first community transmitted case was detected this year.