Malayasia and Brunei in Southeast Asia to increase offshore oil production

Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater discoveries. The governments from both countries signed a unitisation agreement to develop the Gumusut-Kakap and Geronggong-Jagus East offshore oil fields.  Development will be managed by Malaysian state-owned Petronas and Brunei’s National Unitisation […]

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India’s Ministry of New and Renewable Energy does not rule out basic customs duty on solar imports

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Despite the 2021-22 Union budget failing to mention any import restrictions on solar cells and modules to boost domestic manufacturers, the ministry of new and renewable energy (MNRE) has not ruled out the imposition of basic customs duty (BCD) on such items. Addressing the media about the implications of the budget on the renewable sector, […]

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India’s sugar production up by 42% in the third quarter of FY21 (Oct-Dec): ISMA

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India’s sugar production increased by 42 per cent year-on-year during October-December period at 110.22 lakh tonnes on higher cane output and an early start of mills in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonnes […]

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Having tasted sugar exports in new markets, sugar mills request India for a stable sugar export policy

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Sugar millers have appealed to the Centre to urgently announce a policy for the export of sugar. The appeal comes in the wake of a recent statement by Food and Commerce Minister Piyush Goyal that the government is currently not considering an extension of sugar export subsidies for the 2020-21 season in view of stable […]

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India to investigate dumping allegations for copper tube, pipe imports from Malaysia, Thailand, Vietnam

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India has initiated a probe into an alleged increase in subsidised imports of copper tubes and pipes, used air conditioning and refrigeration systems, from Malaysia, Thailand, Vietnam following a complaint by domestic manufacturers. Bombay Metal Exchange (BME) has sent a representation to the Directorate General of Trade Remedies (DGTR) stating that there is a steep […]

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