Automotive


Customs seizes 42 imported luxury vehicles for unpaid import duties

Customs seizes 42 imported luxury vehicles for unpaid import duties

News, Sarawak Crime Jan 3 2020 / The Borneo Post KUCHING: The Royal Malaysian Customs Department (JKDM) has seized 42 luxury vehicles from a local company here on Jan 2 for unpaid import duties amounting to RM10.207 million. JKDM Sarawak director Dato’ Sharifah Halimah Tuanku Taha in a statement today revealed that the 42 vehicles of different makes were worth RM6.485 million. “One individual was detained to assist in...

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DSV well positioned to manage this month’s Panalpina takeover

By Will Waters Aug 5 2019 / Lloyd’s Despite market slowdown, Danish freight and logistics group’s results last week show its ‘house is in order’ ahead of major merger with Swiss forwarder, expected around 19 August, says analyst Jefferies. The latest financial results of Danish freight and logistics group DSV, published last week, show that it is well positioned to manage its takeover of Swiss forwarder Panalpina, expected around...

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Non-tariff barriers hurdle for Asean community targets

The Business Times July 1, 2019 WITHOUT a stronger focus on tackling non-tariff barriers, Asean will not accomplish the objectives of the Asean Economic Community (AEC) and will fail to meet the targets in the AEC Blueprint 2025, warns a June 22 report. Jointly commissioned by the European Union-Asean Business Council (EU-ABC) and the Asean Business Advisory Council (Asean BAC), the report examines non-tariff barriers in the region’s automotive,...

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Maersk Launches Digital Customs Clearance

Shipping line Maersk has launched a digital customs clearance platform, to help customers deal with complex shipping regulations. It claims to be the first container shipping company to offer the service. By Steve Garnsey Various rules must be followed to ensure traded goods enter and exit a country legally. But if a delay occurs, the entire shipping plan is affected, causing increased expense such as storage costs and fines, resulting...

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