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Author Archives: CT Report

Vietnam scrap steel imports drop sharply in Nov 2015

scrap steel

TOKYO: The most recently released trade data indicates that scrap steel imports by Vietnam during the month of November this year dropped sharply when compared with the previous month. Vietnam imported 220,000 tons of scrap steel during Nov ‘15. The scrap imports by the country have dropped by nearly 12.8% when compared with the imports during the month before. The ... Read More »

Duluth Holdings reveneu rises 30% to $55.3m


NEW YORK: Duluth Holdings Inc. said its earnings fell 50% in the apparel retailer’s first quarterly report since it went public last month, although revenue rose. Shares were up 1.9% to $16 in recent after-hours trading. Through Thursday’s close, the stock has risen 31% from its initial public offering price of $12 a share. The casual wear and workwear purveyor ... Read More »

Vietnam’s rice exports likely to exceed target

rice export

HANOI: Viet Nam’s rice exports are likely to exceed the target set for 2015 by 200,000 tonnes to 300,000 tonnes, hitting around 6.5 million tonnes for the year. A strong end to the year has been attributed to the sector’s success. According to the Viet Nam Food Association, the country had shipped 5.807 million tonnes of rice as of November ... Read More »

Only two out of 15,000 firms invest in technological


DA NANG: Only two out of 15,000 enterprises in the central city have invested in technological research in production. Director of the city’s Science and Technology Department Le Quang Nam said it was rare for companies to be given technological enterprise status. This means most companies in Da Nang are yet to reserve funds for technological research in production. “It is ... Read More »

Free trade agreement between Vietnam, S. Korea


HANOI: The free trade agreement (FTA) between Viet Nam and the Republic of Korea (RoK) came into effect yesterday, according to a Ministry of Industry and Trade (MoIT) press release on Saturday. The ministry said the FTA will contribute to boosting trade and investment co-operation between the two countries. The two sides will establish a ministerial level joint committee and subcommittees ... Read More »

Mekong Delta improves passenger, cargo transportation


HCM CITY: Rapid development of transport system in the last five years in the Mekong Delta has improved passenger and cargo transportation and contributed to regional growth. Since 2010, total regional passenger transportation has reached 4.6 billion, an annual increase of 4.4 per cent and 468 million tonnes of cargo, an annual growth of 4.9 per cent. During the 2010-2015 period, ... Read More »

Qatar current account balance expected to remain surplus in 2015


DOHA: Qatar’s current account balance is expected to remain in surplus in 2015, but modest deficits seem likely in 2016 and 2017. The updated Qatar Economic Outlook (QEO) including those showing lower than anticipated production of crude oil and condensates as well as the drop in oil prices suggest that the fiscal surplus in 2015 may contract to 1.7 percent ... Read More »

Vietnam’s wood, wooden products to EU reach $703 mln in 2014


HANOI: Vietnamese exporters of wooden products should meet regulations on legal origins of the material to promote exports to the European Union, experts said at a seminar in Ha Noi late last week The theme of the seminar was trading of wood and wooden products between Viet Nam and the European Union (EU). The EU is the fourth largest market of ... Read More »

Kuwait Customs foils attempt to smuggle 100,000 Captagon tablets


KUWAIT: Airport customs officers foiled an attempt to smuggle 100,000 Captagon tablets. Airport customs supervisor Suleiman Al-Fahd said the officers caught a Syrian man who attempted to smuggle the tablets hidden in sweets’ boxes. He was sent to concerned authorities. Read More »

Automobile component export declines in Europe

declines (1)

PARIS: A decline in automobile component exports to Europe, the largest destination for Indian companies, marginally pulled down exports to $2.7 billion in the first quarter of the current financial year, the latest period for which data is available. Total automobile component exports declined about two per cent, compared with nearly 17 per cent in the corresponding period last year, ... Read More »

Malaysia’s NCID seizes heroin, ketum

SEREMBAN 18 December 2015. (SBN747K/SBN748K) Ketua Polis Daerah Seremban, Asisten Komisen Muhamad Zaki Harun bersama pegawainya menunjukkan air ketum yang dirampas daripada suspek pada sidang media di Ibu Pejabat Polis Daerah Seremban.NSTP/Hazreen Mohamad

SEREMBAN: The Seremban district narcotics crime investigation department arrested two men and seized RM10,000 worth of heroin yesterday. Seremban district police chief Assistant Commissioner Muhamad Zaki Harun police had approached a Proton Saga in which two suspects were travelling in at the Seremban/Labu toll plaza at 4pm. “After an inspection, police found a brown-colour bag containing one 520g transparent packet ... Read More »

Malaysia marine police seize 320 packets of smuggled firecrackers

PELABUHAN KLANG 19 December 2015. Antara Mercun yang berjaya dirampas oleh anggota Pasukan Polis Marin pada sidang media di Markas Operasi Pasukan Polis Marin, Pulau Indah, Pelabuhan Klang. STR/Faiz Anuar

PORT KLANG: The attempt to smuggle firecrackers with a street value of minimum RM6,400 and above into Indonesia was foiled by the Port Klang marine police earlier today. In an operation named ‘Op Pensura’ at 11am, Port Klang marine police intercepted the Indonesian registered barter trade boat near Bagan Hailam, off the waters Port Klang. A total of 320 packets ... Read More »

Thailand seafood exports not hit by reports of slavery

Ranong fish market. EJF's return trip to Thailand to investigate human trafficking in the Thai fisheries sector. Please refer to Sold to the Sea report for further information

BANGKOK: Thailand said on Monday seafood exports to the United States, Europe and Australia have not been hit by reports of slavery and forced labour by campaign groups and media. The comments come as Thailand, the world’s third-largest seafood exporter, faces increasing pressure to crack down on illegal fishing or face the risk of bans on its fish exports and ... Read More »

Toshiba expects to post $4.5 bln loss in this year


LONDON: Toshiba expects to post a $4.5 billion loss this year as it deals with the aftermath of a massive accounting scandal. The estimated loss is significantly higher than analysts had expected, and is six times more than the 90.5 billion yen ($734 million) loss it posted for the first half of the year. Some of the losses are associated with ... Read More »

First large scale shipments of Australian mangoes arrive in US


CANBERRA: The first large scale shipments of Australian mangoes have arrived in the United States, with up to 150 tonnes expected to be exported. The trade with the US was established in January, and a trial shipment of 5.5 tonnes of mangoes was sent in February. Australian Mango Industry Association CEO Robert Gray said weekly shipments of mangoes would continue for ... Read More »

EU eases rules for entry of shrimp from Bangladesh


BRUSSELS: The European Union has eased the rules for the entry of shrimp from Bangladesh into the EU due to a significant decrease in the number of non-compliant consignments from the Asian nation. Exporters have been exempted from attaching analytical test reports with shrimp consignments. Analytical tests are carried out at government labs to make sure that the shrimp are ... Read More »

Khattak launches massive reforms campaign for KP

pervaiz khattak

ABBOTTABAD: Khyber Phaktoonkhawa Chief Minister Pervez Khattak has launched a massive reforms campaign for progress of the province and to provide its people justice and rights. He said this while addressing the dual carriage Murree road Abbottabad project ceremony at Ghani Bagh, Abbottabad. Khattak warned the government servants and said that hospitals, police stations, schools, revenue offices and other government ... Read More »

CAA DG Asim inspects expansion, renovation work at Quetta Airport

Quetta Airport

KARACHI: Civil Aviation Authority (CAA) Director General Air Marshal (R) Asim Suleiman has visited Quetta International Airport and inspected the ongoing renovation and work at the airport. A CAA spokesman, in a statement, issued here said that during the visit he was also accompanied by Director Plans Civil Aviation Authority. The director general took complete briefing on the project and ... Read More »

Reduction in exports may continue in coming months


MANILA: Contraction in exports may persist in the coming months as low commodity prices and weak demand show no sign of abating for now, the chief economist of the Department of Finance said. “The decline in total exports may be traced to dampened appetite in trading partners and the decline in prices of the country’s major export commodities…,” Finance Undersecretary ... Read More »

Saudi Arabia’s crude oil exports increase in Oct

crude oil

KHOBAR: Saudi Arabia’s crude oil exports in October rose by 253,000 barrels per day from September to 7.364 million bpd, official data showed on Sunday. The oil exporting heavyweight maintained high output and pumped 10.276 million bpd in October, slightly higher than September’s 10.226 million. Monthly export figures are provided by Riyadh and other members of the Organisation of the ... Read More »