Contractors want faster processing on VAT refunds

Dubai For UAE’s contractors, when they get VAT refunds is getting to be as important as the amounts involved. “As a main contractor, I will have to pay all the VAT-related costs to the subcontractor or supplier,” said K.A. Siddiqui, Partner at Dubai Walls Construction. “It automatically becomes part of the LPO (local purchase order). […]

China consumer price index at lowest level in a year

BEIJING. The consumer price index in China fell to its lowest level in a year last month, while producer prices hardly budged, according to figures published Saturday by the National Bureau of Statistics. The consumer price index (CPI) — a key measure of retail inflation — rose just 1.5 per cent in February year-on-year, compared […]