Sat05252013

Last update03:06:05 PM

Back Daily Times Headlines Business

Business

AHL prepared for new sales system

With the Lilongwe tobacco auction floors opening on Monday, Auction Holdings Limited (AHL) says it is well prepared for the new tobacco selling system in the country's auction floors which will see contract trading dominating.Bruce_Munthali-TTC_Chief

TNM commits itself to reforestation of vipya

TNM Limited has announced that it will embark on yearly programmes to redress the Viphya Plantation, which is now bare.Mwamadi_left_planting_a_tree._-_Picture_by_Karen_Msiska

Airtel, TNM tariffs hiked

Mobile phones services provider, Airtel Malawi, has announced that it will hike its calling and SMS rates by an average of 25 percent effective Monday next week.Airtel_and_TNM_tariff_hike

M alawi, Mozambique to collaborate on spectrums

The Malawi Communications Regulatory Authority (Macra) and the Instituto Nacional das Communicacoes de Mocambique (INCM) have signed an agreement for cross-border cooperation on addressing frequency interference between their countries.

Stakeholders divergent on intermediate buyers

Some stakeholders have differed on the handling of intermediate buyers of tobacco, with some calling for raids on their buying points while others believe tobacco marketing cannot do away with vendors.Chidumu_New

'Pay hike won't lift up budget'

KenlipengaFinance Minister Ken Lipenga says the significant jump in civil servants salaries will not bloat the budget as Capital Hill will induce budget cuts in some votes.

'Tanzania wants oil in the lake

Lake_MalawiMalawi has told the African Forum of Former Heads of State who will mediate on its border dispute on Lake Malawi with Tanzania that it believes its neighbour is challenging the border because of prospects of oil on the lake.

Malawi delegation in Mozambique to hold bilateral trade talks

The governments of Malawi and Mozambique will today hold bilateral trade talks in Tete, Mozambique where a Malawi delegation is on a visit to appreciate the recent economic boom in the neighbouring country's province.

Carlsberg prices to follow kwacha floatation

The ongoing floatation of the kwacha will see consumers digging deeper in their pockets to buy some of the commodities every time and again or be forced to forgo the commodities.Abel-ChanjeMD-BBGL-re-brands-to-Carlsberg

Malawi benefits from Coke medical initiative

Malawi is one of the five African countriesthat have been earmarked for a US$800,000 medical supplies grant initiative by Coca Cola International over the next three years.Coke-Medical-Initiaive

Second tobacco outlook this week

This year's second tobacco assessment results are expected to be released any day this week, Tobacco Control Commission (TCC) has said.Chidumu_New

Ministry restructuring delays Kanyika project

The organisational restructuring of the Ministry of Mines and Energy has delayed the signing of a development agreement between the Malawi government and Globe Metals, a company that wants to start mining niobium at Kanyika in Mzimba.Kanyika-Community

Treasury to activate new financial reporting system

Finance Minister Ken Lipenga revealed on Wednesday that government and the World Bank have concluded grant negotiations and will be signing a financial agreement in the near future to activate the Financial Reporting and Oversight Improvement Project (FROIP) in the civil service.German_ambassador_Peter_Woeste

‘Government worsening kwacha plunge’

Over-expenditure in government has been blamed for worsening the depreciation of the Malawi kwacha whose rollercoaster fall saw it slipping to a record K395 to one United States dollar yesterday in various banks in the country.Bureau_exchange_rates

Tobacco market opens March 11

The Tobacco Control Commission (TCC) says this year's tobacco selling market season is expected to open on March 11, 2013.Chidumu_on_Tobacco_proceeds

PCL hosts farewell reception for Lungu

Press Corporation Limited (PCL) on Friday hosted a cocktail reception in Blantyre to bid farewell to its outgoing chairman, Dean Lungu.Ex-Pcl_boss

Demand for increased civil service productivity

The Indigenous Business Association of Malawi (Ibam) has said Malawi can only get a return from the two salary hikes given to civil servants this year if the government workers improved their work ethics and become more productive.Mike_Mlombwa

Malawi, Equatorial Guinea in veggies export deal

tomatoe2_copyMalawi will soon start exporting fresh and dry vegetables to Equatorial Guinea as one way of boosting its foreign exchange earning through trade, President Joyce Banda has said.

BREAKING NEWS: ICB employees down tools

International Commercial Bank (ICB) employees this morning laid down tools in an attempt to force management to increase their salaries.ICB-1

World Bank's CAS aid based on performance

The World Bank has said its US$695 million Country Assistance Strategy (CAS) aid package for Malawi will be released based on various key factors such as the country's performance over the next four years.

Malawi tenders for 369m litres of fuel

Fuel_chaos_at_Shoprite_Puma_copyThe Petroleum Importers Limited (PIL) has disclosed that it has advertised tenders for the acquisition of 369 million litres of fuel, which is enough to meet the country's demand for one year starting from May 1, 2013.

 

Advertise with us

Advertising that works wonders

Call +2651871181/070/563
or email: advertising@bnltimes.com