Tendulkar’s duty-free Ferrari car from Schumacher draws flak in India

Indian cricket superstar Sachin Tendulkar drove head-long into controversy on Monday after he was exempted from paying duty on a luxury Ferrari car gifted to him by one of his sponsors.

Rating

Smuggling syndicate smashed after sea chase

A major smuggling hub dealing with clove cigarettes, beer and rice from a neighbouring country was unravelled after a 40km mid-sea pursuit between Customs and Excise Department enforcement officers and the smugglers on Thursday night.

Newspaper readers deserve a better deal

I HAVE been reading with interest the growing dispute between the Malaysian newspaper publishers and Malaysian Newsprint In- dustries (MNI), the country#146;s only newsprint producer.

Duty may lead to cover price hike

THE Malaysian Newspaper Publishers Association (MNPA) has expressed opposition to the provisional steep anti-dumping import duty on newsprint, warning that newspaper publishers may have no alternative but to pass on part of the increased production costs to consumers.

FMM: Wide measures to have extensive impact

THE Federation of Malaysian Manufacturers (FMM) said the wide range of measures under the economic package would have extensive impact on all economic sectors, directly and indirectly.

Damper on Customs revenue collection

The Severe Acute Respiratory Syndrome (SARS) crisis and the war in Iraq have put a damper on the Customs#8217; hopes of collecting RM25bil in revenue this year.

Miti to go to aid of exporters

B>I/B>nternational Trade and Industry Minister Datuk Seri Rafidah Aziz said her ministry would assist Malaysian exporters accused of dumping in the United States.

Better playing field for refineries

MALAYSIAN palm oil refineries will be able to compete on a #147;better playing field#148; with other oil seeds in India following the Indian government#039;s decision to reduce the tariff on refined, bleached and deodorised (RBD) palm oil and palm olein, said Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran.

Lower import duty on fabrics, urge garment makers

THE Malaysian Garment Manufacturers Association (MGMA) has called for a further reduction in import duty for all garment fabrics in an effort to stave off #147;very stiff#148; competition from lower-cost producing countries.