PETALING JAYA: The recent implementation of 6% service tax on logistics services has caused confusion and apprehension within the industry nationwide, says the Institute of Strategic Analysis and Policy Research (Insap). “The SST on local freight is a hidden tax hike on consumers which, according to Sabah Freight Forwarders and Logistics Association president Datuk Johnson … Read more
The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents. An affidavit published through the company’s court monitor from Jordan Searle, who heads the Canadian arm, describes how troubles befell … Read more
By the time you read this, we will have exhausted two months of 2024. Christmas lights will be appearing in home improvement retailers in no time. But I digress. Last month, I wrote about subleases. You might believe this is déjà vu all over again. And, in some ways, it is. It’s just uncanny to … Read more
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently launched online shopping in the U.S., ship the majority … Read more
New Delhi [India], February 21 (ANI): Foreign Secretary Vinay Kwatra emphasised that the alignment of the India-Middle East-Europe Economic Corridor (IMEC) remains unchanged, and was progressing “very strongly and robustly.”Addressing a special briefing on the visit of Greek Prime Minister Kyriakos Mitsotakis to India, Kwatra, while highlighting the status of the IMEC corridor, said … Read more
BRUSSELS — The European Union mission to protect commercial vessels from Iran-backed Houthi rebel attacks in the Red Sea will be “purely defensive,” and will not conduct “any kind of attack,” the EU’s foreign policy chief said today. Seeking to differentiate the EU plan from the ongoing American-British Operation Prosperity Guardian, in which air strikes … Read more
Opinions expressed by Entrepreneur contributors are their own. Picture this: you’re a business leader at the helm of a thriving company. Your days are packed with making critical decisions, steering your team toward success and ensuring customer satisfaction. Amidst this, the last thing you want is for your purchase-to-pay (P2P) process to become a bottleneck … Read more
Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation. The sale of SCI Group Inc. to Metro Supply Chain comes as the country’s national postal service “focuses on transforming to serve the changing needs of Canadians and Canadian businesses,” says … Read more
WARSAW — Polish farmers restarted a blockade of a Poland-Ukraine border crossing on Thursday, accusing the new Polish government of failing to guarantee it will meet their demands for financial help. The farmers rejoined truckers at the Medyka-Shehyni crossing — hauliers are also blocking other crossings complaining about competition from Ukrainian rivals — turning the … Read more
Alibaba, which owns the South China Morning Post, has cut its GoGoX stake four times over the past two months, slashing its equity holding to 8.89 per cent as of late December from 12.23 per cent in mid-2023, according to Hong Kong stock exchange records. Following those moves, the biggest shareholder of GoGoX remains billionaire … Read more
