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Author Archives: CT Report

Malaysian Wins RM3.36 Million In ‘Shark Tank’ For Her Business


She hails from Salak South, Kuala Lumpur and went to the United States after receiving her diploma from Tunku Abdul Rahman College. A few years ago, she decided to quit her corporate job and start a light therapy lamp business called Circadian Optics with her co-founder and husband, Chew Kin Mun. She was picked from thousands of applicants across America ... Read More »

Canadian Celtic duo to perform at Char’s Landing


This week at Char’s Landing in Port Alberni, experience the magic of the Canadian Celtic duo of fiddler Pierre Schryer and guitarist Adam Dobres. Schryer & Dobres have just released a new album called “Mandorla,” which features an eclectic array of musical gems from across the globe, including traditional and contemporary tunes in various styles from far-reaching places like Canada, ... Read More »

Australia Market falls as US-China trade tensions escalates


Headline indices of the Australian share market closed down on Wednesday, 09 October 2019, snapping three days of winning streak, on tracking weak lead from Wall Street overnight as investors risk sentiments soured after a fresh flare-up in tensions between Washington and Beijing dimmed hopes for a deal in high-level trade talks this week. At closing bell, the benchmark S&P/ASX200 ... Read More »

UK seeking stronger post-Brexit trade with Turkey


The U.K. wants to protect and increase its trade volume with Turkey, the British Chamber of Commerce in Turkey (BCCT) Chairman Chris Gaunt told Anadolu Agency on Oct. 8. The Turkish and British authorities are seeking to find a solution to issues that may arise in bilateral trade post-Brexit, Gaunt confirmed. He said that the U.K. does not want to ... Read More »

Iran, Azerbaijan stress bolstering joint investments


Iranian Finance and Economic Affairs Minister Farhad Dejpasand and Azeri Minister of Labor and Social Protection of the Population Sahil Babayev met on Tuesday to discuss ways of boosting trade ties, Shada reported. In the meeting which took place at the place of Iranian ministry, the two sides stressed bolstering joint investment and mutual economic collaboration as ways of boosting ... Read More »

Portion of US-78 to close for 9 days due to port access road construction


CHARLESTON, S.C. (WCSC) -Part of the King Street extension otherwise known as US-78 will be closed for nine days starting Wednesday morning. The road will be closed to traffic between Discher Street and Hackemann Avenue until Oct. 18 at 5 p.m. According to the South Carolina Department of Transportation, the closure is necessary because crews need to install girders for ... Read More »

End of the road for electric car grant for company cars


The Government has ended the €3,800 grant for businesses purchasing electric cars or plug-in hybrids, in a decision seemingly at odds with efforts to encourage the move to electric transport. The grant, administered by the Sustainable Energy Authority of Ireland (SEAI), was on top of the €5,000 tax rebate on Vehicle Registration Tax (VRT) on full-electric vehicles. A zero per ... Read More »

Russia courts Kenya for new business, trade deals


President Uhuru Kenyatta with Russia’s Senate Speaker, Valentina Matviyenko, when she paid him a visit at State House, Nairobi last year. –FILE Russian President Vladimir Putin is set to meet again with President Uhuru Kenyatta this October as Moscow woos Kenya, which it deems a strategically important bilateral partner in the East African trading bloc. Mr Kenyatta has been invited ... Read More »

French Customs turns to Geodis for “no deal” dry runs


LONDON: Logistics operator Geodis has partnered with French chemical manufacturer Arkema in piloting dry runs organised by French Customs to test the future arrangements that will be implemented in the event of a “no-deal” Brexit. Geodis is now ready to support its customers for customs and transport operations involving the United Kingdom, whatever the Brexit scenario. In the context of ... Read More »

China lashes out at Western businesses as it tries to cut support for Hong Kong protests


It’s not just professional basketball drawing China’s wrath. As China sanctioned the National Basketball Association this week for a pro-Hong Kong message delivered by one of its team leaders, other American companies scrambled to avoid fallout of their own. Tiffany & Co., which relies on the Chinese market for double-digit revenue growth, scrapped a global advertising image that some in ... Read More »

China to use blockchain for cross-border customs clearance


the Chinese government revealed that it plans to use blockchain in numerous aspects of cross-border trade in Hangzhou. The area, highly active in manufacturing and e-commerce, has seen the positive effects of digital transformation. Among other new initiatives, blockchain will further improve data integrity and transparency. China’s statement focused on the logistics and e-commerce enterprises in Hangzhou, which manage the ... Read More »

Asian and EU customs co-operation makes huge scoop of counterfeit goods


The Joint Customs Operation HYGIEA was carried out within the Asia-Europe Meeting (ASEM) framework as part of joint efforts of the participating countries in the fight against counterfeit goods. The results of this operation coordinated by the European Anti-Fraud Office (OLAF) were shared at the 13th ASEM customs directors-generals and commissioners’ meeting held in Ha Long Bay, Vietnam, on 9-10 ... Read More »

Sugary drinks, e-cigarettes to cost more in UAE from December 1


UAE announced on Monday that the new selective tax on electronic smoking devices and tools and sweetened beverages will come into effect from this year. The Federal Tax Authority announced that the new selective tax on the e-smoking devices (tools and liquids used in them) and sweetened drinks would be applied from December 1, 2019, Wam reported on Monday. The ... Read More »

Police arrest Haji Bashir, Waris Khan for involvement in murder of DC Qudoos Shaikh


QUETTA: Baluchistan Police arrested suspects Haji Bashir and Waris Khan due to their involvement in murder of Deputy Collector Abdul Qudoos Shaikh. Sources told that Haji Bashir is the younger brother of notorious smuggler Haji Sadiq, while Waris Khan is the son-in-law of Haji Sadiq. Haji Sadiq is already on bail in the murder case of Deputy Collector Dr. Abdul ... Read More »

Work on Rashkai Economic Zone to commence next month: CM Mahmood Khan


PESHAWAR: Chief Minister Khyber Pakhtunkhwa (KP) Mahmood Khan says work on Rashkai Economic Zone to start from November, this year. He was speaking in a ceremony, after signing an agreement with a private group of industries for the provision of electricity at cheaper rates, reported Radio Pakistan. Under the agreement, the provincial government will provide 18MW electricity from Pehur Hydro ... Read More »

KPT ships movement, cargo handling report Oct 9

port and shipping

KARACHI: Following were the movements of ships and cargo handling at the Karachi Port Trust (KPT) during the last 24 hours, ending at 0700 hours on Wednesday. SHIPS BERTHED: YM Excellence Container Ship WAN Hai 611 Container Ship Wieland Container Ship Al Mahboobah Tanker Botany Bay Container Ship M.T Karachi Tanker SHIPS SAILED: CMA CGM Racine Theodosia SEA Power Wieland ... Read More »

Gold price reaches Rs87,200 per tola

gold jewelry

KARACHI: The gold prices on Wednesday decreased by Rs100 per tola and currently trading at Rs87200, according to media reports. The price of 10-gram gold also decreased by Rs86 and traded at Rs74,759. The price of silver remained stable and was traded at Rs1050 per tola while 10-gram silver also remained unchanged and was traded at Rs 900. In the ... Read More »

Pak Rupee gains 16 paisas against dollar

pak rupee 6

KARACHI: The Pak Rupee gained 16 paisas against dollar on Wednesday owing to inflows of export receipts and workers’ remittances, dealers said. The rupee ended Rs156.32 to the dollar from previous day’s closing of Rs156.46 in interbank foreign exchange market. Currency dealers said that the market was opened on the higher demand for dollar. However, improved supply of dollar through ... Read More »

PSX gains 47 points in narrow band trading

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: The stock exchange ended with gain of 47 points on Wednesday as market traded in narrow band. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,524 points as against 33,477 points showing an increase of +47 points. Analysts at Arif Habib Limited said that the market continued trading in a narrow band between +128 points and ... Read More »

Azerbaijan shows keen interest to invest in energy sector


ISLAMABAD: Azerbaijan on Wednesday showed interest to sign a long-term LNG supply agreement with Pakistan to serve the market that sees double digit growth annually in the fuel import. Businessmen of Azerbaijan expressed keen interest in oil and gas exploration activities as well as opportunities in the LNG infrastructure in Pakistan and offered LNG supplies on a long-term basis. A ... Read More »