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RIYADH, March 10 (Xinhua) -- Saudi Public Investment Fund (PIF) announced Monday the launch of Al Waha Duty-Free Company, a travel retailer and the first Saudi-owned duty-free operator.
Duty-free spending slumped 29.3% last year in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, as a weak economy led to a sharp drop in numbers of domestic visitors.
KOTA BARU: The state government is identifying a new duty-free zone in Rantau Panjang in a bid to regain some market share from more appealing Thai border towns.
SINGAPORE: A woman who was transitting at Changi Airport Terminal 2 was arrested on Saturday (March 15) on the suspicion of stealing bottles of perfume from two shops.
BANGKOK: Airports of Thailand (AOT) stands to lose 143.32 million baht (US$4 million) per month in rental and other revenues from August 1 after closing all duty-free shops in the arrivals areas of five Thai airports.
BANGKOK: The Cabinet on Tuesday confirmed that all duty-free shops in the arrivals areas of Thai airports will be closed to boost spending in domestic shops, aiming to generate up to 350 billion baht annually.
HONG KONG: Chinese tourists will soon be allowed more duty-free shopping in Hong Kong, with Beijing set to raise the purchasing limit by up to sixfold to help boost the city’s sluggish retail sector, according to a newspaper report on Thursday (June 27).
Limit raised from HK$5,400 to HK$16,100 if visitors buy goods at duty-free stores at border crossings, or HK$12,900 for other shopping
BANGKOK: AOT (Airports of Thailand) has expressed concern about the move to abolish of duty-free shops upon arrival, complaining it would reduce revenue shared with duty-free operator King Power.
BANGKOK: The Finance Ministry will on Tuesday (Dec 19) propose to Cabinet new measures to suspend duty-free shops in the Arrivals section of all airports, as well as to reduce taxes on alcoholic beverages.
During the week-long Spring Festival holiday, which ended on Friday, duty-free shopping boomed in South China’s island province of Hainan as its tourism gradually rebounded, unleashing new consumption vitality.Hainan reported a total of 1.56 billion yuan (US$234mil or RM993mil) in offshore duty-free sales during the holiday, a year-on-year increase of 5.88%, according to Haikou Customs.
PASIR MAS: Rantau Panjang, a once-bustling duty-free shopping destination in Kelantan, needs a boost to revive its economic activities and draw in more tourists.
The offshore duty-free shopping market in Hainan province has continued to embrace a rosy sales performance following the approaching winter tourist season and the optimisation of Covid-19 prevention and control measures.
Chinese People’s Political Consultative Conference Standing Committee member Henry Tang calls for revamp of 5,000 yuan tax-free shopping limit, unchanged in almost three decadesHe says he has support of most Hong Kong delegates, with joint proposal to be put forward in Beijing during ‘two sessions’ gatherings next week
HAIKOU: Two new offshore duty-free shops opened in Haikou, capital of island province of Hainan, raising the number of duty-free shops in the province to nine.
ROWS of white concrete buildings near the Pearl River in southern China house one of the world's fastest-growing industries: gritty workshops churning out inexpensive clothing that is exported straight to homes and small businesses around the world.
IPOH: Tourism industry players in Pangkor believe the move to make cigarettes a taxable item on duty-free islands would largely affect duty-free shops but not so much the industry.
HAIKOU, Dec. 16 (Xinhua) -- The sales of four offshore duty-free shops in south China's island province of Hainan have exceeded 30 billion yuan (about 4.6 billion U.S. dollars) so far this year, said the Hainan provincial department of commerce.
HAIKOU: South China’s island province of Hainan has seen exponential growth in duty-free sales a year after a new policy was implemented.
Tourists who buy products in Japan may soon undergo a different process of getting waivers for their consumption tax.
