Tuesday 24 October 2017

Bruton on trade mission to Asia

Enterprise Minister Richard Bruton begins a five-day trade and investment mission to China and Japan today.

The joint IDA/Enterprise Ireland mission will include more than 30 high-level meetings and events to target the ICT and financial services sector. Since the Action Plan for Jobs was launched in early 2012 the number of trade missions led by Enterprise Ireland has doubled, from an average of 8.5 to an average of 17 due this year.

CHAMBERS CALL FOR GROWTH IN AVIATION

Chambers Ireland said that Ireland's aviation policy must focus on maintaining competition and increasing connectivity to support economic growth and job creation.

"The contribution of Ireland's aviation sector in terms of tourism, supporting economic growth and job creation is vital. The potential to increase this contribution is significant," said Chambers Ireland deputy chief executive Sean Murphy. "Ireland's airports play a key role in our connectivity to international markets; markets which can be nurtured and developed to achieve further economic progress," Mr Murphy added.

JTI WANTS ILLEGAL SELLERS SMOKED OUT

Swiss-based cigarette company JTI Ireland has welcomed Dublin City Council's plan to set up a group targeting the sale of illegal tobacco products in the city centre of Dublin.

The maker of Camel, Benson & Hedges and Silk Cut said the move was needed. "It's great to see law enforcement, the Government, business and local politicians working together to address an issue that is affecting communities everywhere", said John Freda, general manager at JTI Ireland. "As a result of the high cost of tobacco in Ireland, where year-on-year increases in tax and excise duties have encouraged the proliferation of cheap tobacco products, consumers have been driven to the black market," Mr Freda added.

RISING SALES BOOST WHIRLPOOL'S PROFITS

Whirlpool posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook yesterday, citing sales gains in all of its markets, including Europe and North America.

Whirlpool reported a second-quarter profit of $198m (€230m) up from $113m during the same period last year.

Irish Independent

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