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Author Archives: CT Report

Ministry to promote flow of FDI into agricultural sector

fdi inflow

HANOI: The Ministry of Agriculture and Rural Development was drafting policies to promote the flow of foreign direct investment (FDI) into the agricultural sector. Under a draft decree which was now raised for public comments on the ministry’s e-portal, the ministry proposed incentives and support to be given to foreign investors who invested in the farming sector. According to the ministry, ... Read More »

Ministry of Construction expected total social housing space develop in 2015

ministry of construction

HANOI: The Ministry of Construction expected the total social housing space developed this year to cross 1 million square metres, and reach 2.8 million sq.m in total. To date, 62 projects have been registered to be converted from commercial housing projects to social housing projects with a total of more than 41,700 apartments, while 88 projects scaled down the area ... Read More »

Emaar, Bitexco to construct $1.34b urban area in Vietnam


HCM CITY: The Dubai-based Emaar Properties PJSC and local property developer Bitexco have been assigned the task of developing a new urban area in HCM City. The project, worth at least VND30.7 trillion (US$1.34 billion), would cover 427ha on the Thanh Da Peninsula on the city’s east side. The construction would begin next year and the project’s first stage would be ... Read More »

Vietnam database of real estate market to develop


HANOI: A national database of the real estate market will be developed in an effort to provide basic market indicators with greater accuracy and improve the market transparency. This was the highlight of a recently issued government decree about the development, management and use of the housing and real estate market information system, which also includes information and technology infrastructure ... Read More »

Woodstock Chamber sells building, plans to move to city hall


NEW YORK: The Woodstock Chamber of Commerce has sold its building and will be moving into City Hall at the start of the New Year. Kathryn Loprino, president of the Chamber’s board of directors, said the move is a “huge relief” for the chamber. “It’ll just allow us to focus on membership and programs we can offer for them and ... Read More »

Santa Clarita Valley Chamber honors volunteer’s event


NEW YORK: Dignitaries and community leaders honored seven of Santa Clarita Valley’s “unsung heroes” Thursday during at the second SCV Community Volunteer Recognition Luncheon hosted by the Santa Clarita Valley Chamber of Commerce. Seven people who volunteer at various organizations in the valley were honored for their countless hours of community work. About 200 people were on hand for the ... Read More »

NCS starts trading on unlisted public company market


HANOI: About eight million shares of Noi Bai Cartering Service JSC (NCS) started trading on the unlisted public company market (UPCoM) on Wednesday. This followed the Ha Noi Stock Exchange’s permission that allowed 7,999,975 NCS shares to be listed on UPCom at a preference price of VND13,000 (US$0.57) each. With an experience of more than 30 years as a subsidiary of ... Read More »

Youngstown Chamber admits soliciting funds in capital budget process


NEW YORK: State lawmakers are distancing themselves from the Youngstown Warren Regional Chamber of Commerce at least when it comes to the capital budget process. Six state lawmakers including Senate Minority Leader Joe Schiavoni have received complaints that the Chamber has solicited funds to advocate or speak on behalf of certain groups. The arts in Youngstown are viewed by many ... Read More »

NASA, Microsoft Bring Hologram Technology to ISS


NEW YORK:  Astronauts working in low-Earth orbit will soon receive Microsoft’s HoloLens technology during a cargo resupply mission to the International Space Station (ISS) via the Orbital ATK Cygnus spacecraft. A pair of the augmented reality headsets were previously destroyed while aboard SpaceX’s Dragon capsule when the Falcon 9 rocket exploded during a cargo run last summer. NASA will apply ... Read More »

Ironwood Chamber support joint annual award banquet


PETER GREWE: The Ironwood and Bessemer Chambers have agreed to join forces to honor community members at an award banquet. Peter Grewe, Ironwood Chamber of Commerce president, said he is excited to begin a partnership with the Bessemer Chamber of Commerce for the event. “This will be the beginning in providing a stronger community for us all and we look ... Read More »

Govt of Vietnam commits to help firms


HANOI: The Government of Viet Nam is committed to administrative reforms and will continue to provide support for the business sector, Deputy Prime Minister Vu Duc Dam said in a meeting with the Viet Nam Business Council for Sustainable Development yesterday in the capital city. Together both the country and its business sector must strive to attain sustainable development, he ... Read More »

Japanese MoF issues steel scrap import data details


TOKYO: According to latest statistics released by Japan’s Ministry of Finance (MoF), the country’s imports of steel scrap dropped considerably during the month of October this year. The imports during the month declined sharply by nearly 5.7% when compared with the previous month. The steel scrap imports by Japan totaled 10,700 tons in October. Japan had imported 11,400 tons of ... Read More »

Negros Occidental imports 4.3m eggs from local sources


MANILA: The province of Negros Occidental has imported almost 4.3 million pieces of eggs from local sources as of October this year, and the volume is expected to increase as demand for eggs significantly increases during Yuletide season. Based on the Summary of Domestic Movement of Animal Product of the Provincial Veterinary Office (PVO), the province has already imported a ... Read More »

Delhi govt, Customs agree to exchange imports data


DELHI: Delhi government today entered into an agreement with the Central Board of Excise and Customs for exchange of data related to imports aimed at detecting discrepancies in the current information sharing structure. The Department of Trade and Taxes signed a Memorandum of Understanding (MOU) with the Central body. Undeclared imports were leading to tax evasion and financial loss to ... Read More »

Govt plans to ban import of 24-carat gold jewellery


NEW DELHI: The move follows a sharp decline of about 18% in the export of gems and jewellery (April-October), which contributed 15% of the total exports. The government is planning to ban the import of 24-carat gold jewellery, in a bid to reduce gold smuggling, duty evasion, misuse of free trade agreements (FTAs) with foreign countries. The move follows a ... Read More »

Micromax launches Micromax Canvas Pace 4G Q416 in India


MUMBAI: Micromax has launched a new smartphone in India in Canvas series called Micromax Canvas Pace 4G Q416. The smartphone is now listed on company’s official website. It is now available via online stores in India for Rs. 6,821. Micromax Canvas Pace 4G Q416 features a 5 inch FWVGA (854×480 pixels) IPS Display. It is powered by a 1.1 GHz ... Read More »

Nampak Zimbabwe records 5% decline in revenue


HARARE: Packaging group Nampak Zimbabwe recorded a five percent decline in revenue to nearly $96 million in the full-year to September on reduced aggregate domestic demand and lower margins, the company reported on Thursday. Pre-tax profit stood at $3,8 million while net profit, at $2,3 million, was higher compared to $1,3 million achieved in the 11 months of the previous ... Read More »

New technology promises to help you see better than ever before


NEW YORK: For some people living with visual impairment, new technology promises to help them see better than ever before. Seventeen-year-old Justin Crilly is one of those benefiting from eSight — new goggles with a camera inside that can zoom up to 14 times the magnification of normal vision. When he wears them, he said, for the first time in ... Read More »

Taiwan exports boost trade promotion project


TAIPEI: Economic Affairs Minister John Deng said Wednesday that Taiwan’s exports of finished products to five emerging markets have been significantly boosted by a trade promotion project conceived by the Ministry of Economic Affairs. The significant growth is the result of the ministry’s Project to Promote Most-Valued Products in Emerging Markets, aimed at providing good quality goods at affordable prices ... Read More »

Indian oil import from Iran down to eight-month low

rude oil

NEW DELHI: India’s oil imports from Iran fell for the fourth straight month in November to touch an eight-month low, preliminary tanker arrival data obtained by Reuters shows, as its two biggest buyers cut purchases to meet annual targets. Western sanctions against Iran’s controversial nuclear programme limits the Gulf country’s oil exports to 1-1.1 million barrels per day (bpd), with ... Read More »