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Author Archives: CT Report

Saudi Customs foils attempt to smuggle 1.622 kg heroine at airport

heroin

RIYADH: The custom officials at the King Abdulaziz International Airport in Jeddah have foiled an attempt to smuggle cocaine into Saudi Arabia. According to the Arabic daily Alyaum, they screened the smuggler and discovered capsules containing 1.622 kilograms of cocaine in his stomach. King Abdulaziz International Airport Customs acting director-general Said Al-Ghamdi said the smuggler looked dubious and unsettled when ... Read More »

Cigarette smuggler sentenced to 5 yrs jail

nigeriacourt

SINGAPORE: A key member of a contraband cigarette smuggling syndicate has been sentenced to five years in jail for his involvement in two smuggling cases, Singapore Customs said in a news release on Friday (Dec 18). Ibrahim Saleh, 45, pleaded guilty on Tuesday to two charges. Another two charges were taken into consideration in the sentencing, the release said. In ... Read More »

Indian steel industry alleges undervaluation in import of HR coils

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NEW DELHI: Industry body Indian Steel Association (ISA) has approached the Central Board of Excise and Customs (CBEC) alleging undervaluation in import of 35,000 tonnes of steel products originating from South Korea. In a letter to CBEC chairman Najib Shah in October, ISA has alleged that during this time, import consignment of hot rolled (HR) steel coils to the tune ... Read More »

66 drug-addicted Customs officers to go

drugs

ABUJA: The Comptroller-General of the Nigeria Customs Service, Colonel Hameed Ali (rtd), on Thursday said 66 officers found to be hooked on hard drugs would be eased out. Ali disclosed this while addressing officers and men of the Plateau/Benue Area Command of the service in Jos. He said: “We are now operating zero tolerance on the issue of drugs because ... Read More »

HK Customs seizes 53 000 sticks of illicit cigarettes in two vehicles

illegal cigarettes seized in West Yorkshire

HONG KONG: Hong Kong Customs detected two suspected cases of distributing illicit cigarettes at public housing estates. A total of about 53 000 sticks of suspected illicit cigarettes were seized and three persons were arrested. Customs officers conducted anti-illicit cigaretteoperations in Sau Mau Ping and Tseung Kwan O yesterday and separately intercepted two vehicles suspected of distributing illicit cigarettes to ... Read More »

Indian Customs foils attempt to smuggle drugs at airport

drugs

NEW DELHI: The Customs Department scored a major success Wednesday when it foiled an attempt by an Indian National to smuggle in 5.8kgs of methamphetamine worth RM1.1 million at the KL International Airport. Its director-general Datuk Seri Khazali Ahmad said the 39-year-old man was nabbed at 7.40pm, shortly after he arrived at KLIA from Bengaluru, India with his baggage. “Checks ... Read More »

Chennai Customs officials come under scanner

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CHENNAI: A CBI team, consisting of 12 members, today raided the airport here in connection with alleged irregularities over smuggled gold that has been seized and not levying the correct duty on goods brought in by passengers. According to sources, the CBI sleuths raided the Customs and airlines offices at the international terminal. The raid, which begun around 1 am ... Read More »

Customs seizes worth $9m meth hidden in coffee table

crystalmeth

WELLINGTON: Fifteen packets of the drug, worth around $9 million, were carefully concealed to try to avoid detection in a table destined for a Wellington address. Customs Investigations Manager, Maurice O’Brien says the detection in a joint investigation code-named Operation Cairn saw methamphetamine removed from the drug supply chain. Inquiries by Customs and Police are continuing but no arrests have ... Read More »

Ngerian Customs rakes in N826bn

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ABUJA: Nigerian Customs Service (NCS) now under intense pressure to expand collections and rev up government revenues severely bashed by low oil prices, says it generated about N826 billion between January and November this year. The service, which recently went through sweeping reforms led by Ahmed Ali. This content is for Premium Yearly Subscription, Basic Yearly Subscription, Basic Monthly Subscription ... Read More »

Taiwan projector shipments increase 7.7% in 3Q15

economy increases

TAIPEI: There were 25,572 projectors shipped in the Taiwan market during the third quarter of 2015, increasing 7.7% on quarter and 20.3% on year, according to IDC Taiwan. Shipment growth was mainly attributable to many large procurement projects in the education-use market segment, IDC said. The mainstream brightness specification was 3,000-3,999 lumens, accounting for 49% of total shipments, and 5,000-5,999 lumens ... Read More »

Global smartphone shipments rise 7.7% YOY in Q3

smartphone

WASHINGTON: According to Digitimes Research, smartphone shipments for the third quarter of 2015 rose 7.7% year-over-year during the period. That means 331.9 smartphone units were shipped from July through September. Sequentially, the gain amounted to 10.5% from the second quarter. For the current quarter, the research arm of Digitimes expects shipments to reach 396.8 million phones. That would be a ... Read More »

Ukraine imposes moratorium on $3b Russian debt refund

debt

KIEV: Ukraine has imposed a moratorium on the $3 billion Russian debt repayment, said the country’s Prime Minister Arseny Yatsenyuk at a cabinet meeting on Friday. The announcement comes ahead of the December 20 deadline for the debt redemption. “Considering that Russia has refused, despite our efforts, to sign an agreement on restructuring and to accept our proposals, the cabinet ... Read More »

Japan’s core consumer inflation expected to flat in Nov

inflation

TOKYO: Japan’s core consumer inflation was expected to be flat in November from a year earlier, a Reuters poll found, but recent further declines in oil prices suggest a long struggle ahead for the Bank of Japan to meet its 2 percent inflation target. The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, ... Read More »

Vietnam Customs seizes 2.2t of elephant tusks

Elephant-Tusks

HANOI: Hai Phong customs officials found and seized more than 2.2 tonnes of elephant tusks smuggled into Viet Nam from Mozambique yesterday. The tusks arrived at Tan Vu Port in the northern coastal Hai Phong City on November 29. They were sent by an enterprise in Mozambique to Ha Linh Import-Export JSC in the city. The goods were said to ... Read More »

Micromax plans to make all phones locally in India

micromax

NEW DELHI: Indian consumer electronics firm Micromax Informatics will manufacture all of its phones in India by 2018, its co-founder said, as it shifts production from China back home, where costs are becoming cheaper. Rahul Sharma said with less than two-thirds of its products are assembled in India currently and full home production now made economic sense given rising Chinese ... Read More »

BlackBerry reports fiscal Q3 loss as widely anticipated

black berry

TORONTO: BlackBerry Ltd reported a fiscal third-quarter loss as widely anticipated on Friday, but the company posted its first quarter-to-quarter revenue gain in over two years, indicating that turnaround efforts may be gaining traction. In the quarter ended 28 November, the Waterloo, Ontario-based company reported a loss of $89 million, or 17 cents a share. That compared with a year ... Read More »

Birgunj Customs loses Rs25b revenue

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KATHMANDU: Birgunj Customs Office has lost Rs25 billion in revenue as a consequence of the ongoing Tarai unrest and India’s trade embargo against Nepal. Cargo traffic through Birgunj, the country’s largest transit point, has been obstructed for four consecutive months, with imports and exports virtually halted. The customs office said that it had revised its revenue collection target downward to ... Read More »

China retail sales to expand 10.7% in 2015

People enter and  exit a Macy's department store in Boston's Downtown Crossing district, Wednesday, July 11, 2007.  As merchants reported their June sales results Thursday July 12, 2007, the disappointments cut across many segments of the retail  industry including Macy's Inc. Macy's suffered a 2.7 percent drop in same-stores sales, worse than the 0.8 percent decline expected. (AP Photo/Steven Senne)

BEIJING: China’s retail sales, a key gauge of domestic consumption in the world’s second-biggest economy, is likely to post slower growth this year compared with 2014, the commerce ministry said. Retail sales may expand around 10.7% in 2015, Shen Danyang, spokesman at the Ministry of Commerce, told a news conference in Beijing on Thursday, without giving a reason. Retail sales ... Read More »

Kailali Customs fails to collect revenue in 4 months

Nigerian customs generates revenue

KATHMANDU: Kailali Customs office, which failed to collect as much revenue as expected in the first four months, has been able to collect double the estimated revenue in the fifth month. The office collected Rs 300 million revenue during the last one month from mid-November to mid-December, which was double the estimated amount. “We failed to collect as much as ... Read More »

KPMG announces 2.6% boost in revenues

kpmg

LONDON: Accounting firm KPMG has announced a boost in revenues driven by its tax and auditing services, writes Emily Davies. Its takings rose from £1.9billion to £1.96billion in the year to September 30. Efforts to focus on its most popular services paid off, with profits from auditing rising 9 per cent from £181million to £197million, while income from its tax ... Read More »