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Russia’s HDPE imports decrease 36% in first 11 months of 2015

HDPE

MOSCOW: Russia’s high density polyethylene (HDPE) imports totalled 176,400 tonnes in the first 11 months of the year, down by 36% year on year, according to MRC DataScope. The greatest decrease in imports occurred for extrusion blow moulding (EBM) and pipe extrusion HDPE. November HDPE imports into Russia increased to 18,100 tonnes against 17,900 tonnes in October because of the increased shipments ... Read More »

PIA’s revenue up by 6%, losses down by 37% in my tenure, Azeem claims

PIA 1

ISLAMABAD: Shujaat Azeem, former advisor of the Prime Minister on Civil Aviation, has claimed that the Pakistan International Airlines’ (PIA) losses were reduced by 37 per cent during his tenure as he took several steps for improvement in the national-flag carrier. While talking to media, he said that he had not sought the slot for himself but accepted this as ... Read More »

Punjab Skills Development Fund launches scheme to train 5,000 people

PSDF

LAHORE: The Punjab Skills Development Fund (PSDF) has announced to launch its new scheme, Skills for Punjab Growth Strategy 2015, to fund training of more than 5,000 individuals in various employment-oriented trades. The scheme is being launched with the aim of improving income generation opportunities for the poor and vulnerable populations across the Punjab by enabling quality skills development through ... Read More »

UK police seize cocaine, cash

seized

ASHTON VALE: Thousands of pounds of cocaine and cash have been seized from a house in Ashton Vale. Police searched the property in Silbury Road this morning after a tip-off from the local community. Officers found around 300g of suspected cocaine, just over £2,000 in cash and a hydraulic press, all of which have been seized. A 19-year-old woman who ... Read More »

Thailand authorities seize mislabelled cosmetics, food products

clothes

PHUKET: Cosmetics and food products valued at around B100,000 were seized in Wichit here the other day after the Consumer Protection Police discovered all the seized items were mislabelled. CPP Crime Suppression Chief Maj Phayom Pamoonkhetnil armed with a warrant of arrest from Phuket Provincial Court raided one of the island’s biggest cosmetic retailers after his department in Bangkok received ... Read More »

Ireland police seize heroin worth €50,000

heroin

LIMERICK: Gardaí have uncovered a controlled substance believed to be heroin worth around €50,000 in Co Limerick. The seizure was made during an ongoing investigation into organised crime in Limerick. Gardaí from Henry Street assisted by the Regional Support Unit searched a house in St Mary’s Park on Tuesday evening and discovered the drugs. They arrested two men, aged 40 ... Read More »

India excise seizes ganja worth Rs 20 million

SHAH ALAM 26 November 2015. Bahan dadah jenis ganja dan syabu yang dirampas pada sidang media di Ibu Pejabat Polis Kontinjen (IPK) Selangor, Shah Alam. STR/Shazreen Zamzuri

VISAKHAPATNAM: Excise sleuths and police of Madugula mandal in a multiple joint operation seized more than 2,765 kg of ganja and arrested six persons on Tuesday. They also seized two motorbikes, a car, a lorry and a van, besides a few cell phones, from the possession of the accused. According to sources, the seized ganja is worth more than Rs ... Read More »

Import of truck, bus radial tyres decline by half

TYRE

CHENNAI: Import of truck and bus radial (TBR) tyres have declined by almost half as domestic tyremakers reduce prices, according to All India Tyre Dealers Federation,. TBR imports declined following an 8-10 per cent price reduction by the domestic tyremakers, who were reluctant to cut the price despite steep fall in natural rubber prices. Tyre imports stood at 54,175 units ... Read More »

Australian police bust drug racket

arrest

QUEENSLAND: Vietnamese students were used to babysit cannabis plants in a major Queensland-based drug operation that was producing more than $60 million worth of drugs annually, police allege. Investigators have shut down the sophisticated hydroponic drug set-up, which is believed to be part of a lucrative syndicate that had spread to the state from Victoria and South Australia. The operation ... Read More »

Gold imports fall by 36.48% in Nov 2015

GOLD IMPORTS

NEW DELHI: The country’s gold imports fell by 36.48 per cent to $3.53 billion in November this year on account of sluggish global prices. The world’s second-biggest gold consumer had imported gold worth $5.57 billion in the same month last year. Data released by the Commerce Ministry showed that import of both gold and silver has declined in value terms ... Read More »

Indian Customs foils four attempts to smuggle gold

gold import dips

MANGALURU: The officers of customs at Mangaluru International Airport have seized 824 grams of gold worth Rs 21.22 lac in four separate cases in the last few days. In the first case, gold in the form of thin strips and one gold coin were found concealed in the waist part and pockets of the denim trousers carried by a passenger. ... Read More »

China agrees to help India crackdown on smuggling of red sanders

wood

BEIJING: In a breakthrough, China, the largest importer of red sanders wood today agreed to help India crackdown on the smuggling of the expensive timber from Andhra Pradesh. China is the biggest importer of the red sanders wood and is regarded as the most unique and expensive which is only available in Andhra Pradesh,AK Parida, Special Chief Secretary, Department of ... Read More »

India gold imports fall by 36.48% to $3.53b in Nov

indiagoldsmuggling

NEW DELHI: The country’s gold imports fell by 36.48 per cent to $3.53 billion in November this year on account of sluggish global prices. The world’s second-biggest gold consumer had imported gold worth $5.57 billion in the same month last year. Data released by the Commerce Ministry showed that import of both gold and silver has declined in value terms ... Read More »

Kurdistan plans to export gas to Turkey by 2018

Mexico to import gas

ERBIL: Gas PipelineSherko Jawdat explained that according to the latest data from the Ministry of Natural Resources as many as 600,000 barrels of crude oil is exported to Turkey dailyThe head of the Kurdish Regional Government’s (KRG) energy committee, Sherko Jawdat, said Monday that Erbil plans to export gas to Turkey in 2018 and that a pipeline will be constructed ... Read More »

Dar says FBR makes headway to resolve WHT issue

dar

ISLAMABAD: Finance Minister Ishaq Dar said that with the cooperation of the business community, the Federal Board of Revenue (FBR) has made considerable headway with regard to withholding tax (WHT) and it was important now to conclude the matter in a smooth manner. The minister stated this in a meeting with representatives of trading and business community here on Wednesday ... Read More »

ASO confiscates 994 smuggled tyres wroth Rs 20m during raid

Seized-tyres-360x185

KARACHI: The Directorate of Customs Intelligence ASO Department raided at different area of Karachi and recovered 994 Tyers worth Rs 20 million. According to detail, the Directorate has recovered 994 Tyres worth Rs 20 million from a warehouse situated in Tariq Road and F.B Area Aziza Bad. The Director of Customs Intelligence ASO Asif Marghoob Siddiqui and Director General Imtiaz ... Read More »

US customs seizes $163K in marijuana at Port of Douglas

US customs at Port of Douglas

TUCSON: Customs and Border Protection officers arrested two Agua Prieta, Sonora, Mexico, residents and seized more than 327 pounds of marijuana during separate weekend incidents at the Raul Hector Castro Port of Douglas.Drug smugglers attempted to conceal packages of marijuana from CBP officers at the Port of Douglas, including those found under the front hood as well as the front ... Read More »

Nigeria: Oyo customs generates over 13 billion in 2015

nigeriacustoms

ABUJA: The Nigeria Custom service, Oyo and Osun command revealed it has generated over N13billion between the months of January and November, 2015. The command had also made over three hundred million Naira in the said months. Briefing the pressmen at the command headquarters in Ibadan, the custom area commander, Abdulsalam Hazzan said the command will continue to build on ... Read More »

Ireland trade surplus rises by 29% in October: CSO

Ireland trade

DUBLIN: New preliminary figures from the Central Statistics Office show that seasonally adjusted exports rose by 17% to €10.299 billion in October compared to the previous month. The figures also show that seasonally adjusted imports increased by 10% to €5.871 billion. This resulted in an increase of €990m, or 29%, in the seasonally adjusted trade surplus to €4.428 billion in ... Read More »

Argentinian bank joins ADB trade finance programme

ADB trade finance programme

BUENOS AIRES: Banco Patagonia has joined the Asian Development Bank’s trade finance programme (TFP). Through the TFP, the Argentinian bank will receive guarantees covering payment risk from Asian banks backing trade transactions, supporting south-south trade. “I did a little research into Asian-Latin America bank-to-bank relationships and was really surprised to discover that outside of the People’s Republic of China, India, ... Read More »