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Abe may delay hike in consumption tax rate if economy stagnates

Tokyo / DPA Prime Minister Shinzo Abe is considering delaying an increase in the consumption tax rate if the economy remains stuck in low gear, due to concerns the hike could hurt the economy more than initial forecast as the global economy slows down. Abe will make a final decision around the time Japan hosts the Group of Seven major ...

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Honeywell to provide maintenance services for APUs of Jet Airways

New Delhi / DPA Honeywell Aerospace has been selected by Jet Airways to provide maintenance services for Auxiliary Power Units (APUs) on board its fleet of 10 Boeing 777 airplanes. The five-year agreement will help Jet Airways better predict and manage maintenance cycles, allowing the India-based airline to reduce unscheduled downtime and improve reliability of its fleets. The announcement was ...

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Drought, salinity hit Vietnam’s fishery exports

HCM City / DPA Severe drought in the Mekong Delta has badly affected agriculture and aquaculture, threatening a scarcity of raw materials for seafood exports. Shrimp farmers in Ben Tre, Tra Vinh, Soc Trang and Kien Giang provinces are nervous as their shrimp keep dying because of drought and saltwater intrusion up rivers. “Shrimp farming is so risky,” Sai Gon ...

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