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Author Archives: CT Report

Ireland Customs, police seize fake branded goods worth €200,000

bags

DUBLIN: Gardai have seized fake handbags, shoes, makeup and boots worth more than €200,000. The Michael KORS handbags, Converse shoes, MAC Makeup, UGG Boots were seized yesterday in Mullingar along with other goods. The goods were destined to be sold in shops, town markets and on internet trading sites, gardai believe. Gardai say the operation is still ongoing. They are ... Read More »

ANF wants to help, guide businessmen to compat narcotics smuggling

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LAHORE: Force Commander, Regional Directorate of Anti Narcotics Force Punjab Brigadier Mahmod ul Hassan has said that Anti-Narcotics Force is meant to guide and help the business community instead of creating troubles for them. He was talking to LCCI President Sheikh Muhammad Arshad, Vice President Nasir Saeed and Executive Committee Members here at the Lahore Chamber of Commerce and Industry. ... Read More »

FBR needs to address structural problems in taxation system: SBP

sbp

KARACHI: The Federal Board of Revenue (FBR) has failed to address structural problems in the taxation system and tax-to-GDP ratio remained stagnant in the range of 8.5 percent to 9.5 percent over the last ten year, State Bank of Pakistan (SBP) said in its Annual Report on State of Pakistan Economy released on Friday. “Although FBR takes a number of ... Read More »

Dar calls upon provincial governments to check price hike 

Ishaq Dar

ISLAMABAD: The Federal Minister for Finance Mohammad Ishaq Dar, in his capacity of Chairman of National Price Monitoring Committee, has called upon the all the provincial governments to keep a vigilant eye on increase in the prices of different commodities under the pretext of additional revenue measures that became effective on 1st December 2015. The National Price Monitoring Committee reviews ... Read More »

MCCI plays  dynamic role in economic uplift of  workers: Fareed Shaikh

MCCI Logo

MULTAN: The Multan Chamber of Commerce and Industry (MCCI) has been playing a dynamic role in the economic development of skilled workers of South Punjab, the chamber’s president said here on the visit of a blue pottery workshop of a local craftman. The President of MCCI Fareed Mughees Shaikh said the chamber has been doing utmost efforts to save the ... Read More »

MCCI plays  dynamic role in economic development of  workers: Fareed Shaikh

MCCI Logo

MULTAN: The Multan Chamber of Commerce and Industry (MCCI) has been playing a dynamic role in the economic development of skilled workers of South Punjab, the chamber’s president said here on the visit of a blue pottery workshop of a local craftman. The President of MCCI Fareed Mughees Shaikh said the chamber has been doing utmost efforts to save the ... Read More »

Vancouver Chamber names interim CEO

Vancouver-Chamber

NEW YORK: John McDonagh, publisher of the Vancouver Business Journal, has been named interim CEO of the Greater Vancouver Chamber of Commerce. McDonagh will serve while the chamber searches for a permanent CEO/president to replace Kelly Love, who leaves today to take a media and community affairs position at Legacy Salmon Creek Medical Center, the chamber said Thursday. McDonagh begins ... Read More »

Vietnam’s pangasius exports drop further in final month

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HANOI: Contrary to the earlier optimistic forecast, Vietnam’s pangasius exports have dropped further in the final months of 2015, causing a possible decrease of up to 10% in this year’s total export revenue against 2014, reports Vietnam Net. Vo Hung Dung, vice chairman and general secretary of the Vietnam Pangasius Association, said exports in February fell by 28% over the ... Read More »

Chinese import, export fall again in Nov

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BEIJING: Chinese imports and exports both fell in November, official data showed Tuesday, the latest poor figures from the world’s second-largest economy. The country is a key driver of global growth and its shipments of finished goods, along with its demand for the resources to manufacture them, affect nations across the world. Exports sank 6.8 percent year-on-year to $197.2 billion ... Read More »

Semen Indonesia to increase production capacity to 30mt in 2016

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JAKARTA: State-owned cement producer PT Semen Indonesia has set a target to increase its production capacity to 30 million tons in 2016 from the projected 28.5 million tons in 2015. Earlier known as Semen Gresik, PT Semen Indonesia is the largest cement producer in Indonesia, with several plants on the islands of Java, Sumatra, and Sulawesi. The cement plants are ... Read More »

Trade between Poland, Kyrgyzstan amounts to $ 24.5m in 2015

trade

WARSAW: The trade turnover between Poland and Kyrgyzstan since the beginning of the year amounted to $ 24.5 million. Ambassador Extraordinary and Plenipotentiary of the Republic of Poland in the Kyrgyz Republic and Kazakhstan Maciej Lang told today at a press conference of 24.kg news agency. According to him, main part of it is export – $ 21.9 million. Import ... Read More »

Pakistani trade deficit shrinks 4.5% to $9.93b in July-Nov

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KARACHI: Pakistan’s trade deficit shrank 4.5 percent to $9.936 billion in the first five months of the current fiscal year of 2015/16, showed the Pakistan Bureau of Statistics (PBS) data on Thursday as fall in imports remained in favour of the balance of trade. The trade deficit was recorded at $10.402 billion in the July-November period of the last fiscal ... Read More »

Iraq exports 100m barrels of oil in Nov

OIL BARRELS

BAGHDAD: The Oil Ministry announced on Tuesday, that Iraq has exported more than 100 million barrels of oil from southern fields in November, asserting that the daily average of exports was the highest in decades. Ministry spokesman Assem Jihad said in a statement received “the total volume of the exported oil last month amounted to approximately one hundred million, 945 ... Read More »

Saudi Tadawul index slides 0.7% to 6,949 points

Logo Tadawul - Oct 2010

JEDDAH: Gulf markets stumbled on Thursday as investors cut their exposure while they await signs that oil prices have found a floor and for state budget announcements. Saudi Arabia’s Tadawul All-Share Index (TASI) slid 0.7 percent to 6,949 points, falling within 115 points of November’s 35-month low. Trading volumes hit a week-high, but remain well below the three-month average ahead ... Read More »

Saudi Ministry of Commerce to curb import of poor quality products

IMPORT

RIYADH: Cheap imports and fake goods from East Asian countries now constitute a large portion of the products being sold in Saudi Arabia. Long gone are the days when the Saudi market was full of high-quality electronics and other consumer products. Instead of globally-recognized brands, cheap imports and fake goods from East Asian countries now constitute a large portion of ... Read More »

Ukraine to stop importing gas in 10 years

gas export

KIEV: Ukraine will stop importing gas and will be able to export it in 10 years, Ukrainian Prime Minister Arseniy Yatseniuk said. “Our goal is to get rid of gas imports, boost domestic production and become a fully energy self-sufficient country within a decade. In 10 years, Ukraine will be able to export its own gas,” he said during the ... Read More »

S.Korea’s KOSPO seeks 80,000 tons coal

KOSPO

SEOUL: Korea Southern Power Co Ltd (KOSPO) is seeking 80,000 tonnes of steaming coal for loading in March via a spot tender, the utility said on its website. The tender will close at 2 p.m. (0500 GMT) on Dec. 18, and bids should be made on a free-on-board-trimmed basis only. Read More »

South Korea’s export prices continue to fall in Nov

exports

SEOUL: South Korea’s export prices continued to slip at a fast rate in November largely due to a sharp cut in raw material prices, the central bank said Friday. Export prices, in local currency terms, dropped 8.6 percent on-year last month, quickening from a 6.2 percent cut in the previous month, according to preliminary data from the Bank of Korea. ... Read More »

Central Louisiana Chamber hosts Expo & Luncheon

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ALEXANDRIA: Central Louisiana Chamber of Commerce combined two of its biggest annual events into one Business Expo & Luncheon. It allowed the rare opportunity to visit with several businesses at the same time and place. There were more than 60 booths on hand ranging from education, to health care and office needs. It offered an opportunity for businesses that belonged ... Read More »

Taiwan Shipments of handsets down 17% in Q3 of 2015

HANDSETS

TAIPEI: Shipments of handsets in the Taiwan market totaled 2.26 million units in the third quarter of 2015, down 17% sequentially and 12% on year, the Chinese-language Liberty Times quoted IDC data as indicating. Of total shipments in the third quarter, smartphones totaled 2.13 million units, decreasing 18% on quarter and 13% on year. This is the first time smartphone ... Read More »