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Author Archives: CT Report

Singapore’s ICA seizes heroin, cannabis worth S$130,400


SINGAPORE: Officers from the Immigration and Checkpoints Authority (ICA) found about S$130,400 worth of drugs in the trailer cabin of a Malaysia-registered lorry on Friday. In a statement on Saturday, ICA said the haul was made up of about 1.4kg of heroin and 1kg of cannabis, and was discovered during routine checks after the lorry arrived and was stopped at ... Read More »

Facebook roll out live video streaming test for all its users


LONDON: Facebook has rolled out a live video streaming test for all its users, four months after introducing the feature for celebrities and other high-profile users, a media report said. Following a small test on Thursday, Facebook users will be able to use a redesigned status menu to select “live video”, The Verge reported. As on earlier entrants Meerkat and ... Read More »

Yahoo releases revamped version of its messaging platform


NEW YORK: Yahoo Messenger might be the best messaging app no one will use. The company just released a completely revamped version of its messaging platform, focused on mobile, group messaging and image sharing. In other words, Yahoo Messenger looks like Facebook Messenger, or WeChat, or WhatsApp, or Viber, or Line… You get the point, do we need yet another ... Read More »

Horseshoe Casino generates $24.5 million revenue in Nov


BALTOMORE: Horseshoe Casino Baltimore reported a revenue increase for the second straight month in November, continuing to rebound from the fallout of the city’s April riots. The Horseshoe generated $24.5 million from slot machines and table games, an increase of 5.2 percent from November 2014, according to figures released Friday by the Maryland Lottery and Gaming Control Agency. Last month, ... Read More »

OnePlus will celebrate its 2nd anniversary on 17 dec


LONDON: On December 17, OnePlus will be celebrating its second anniversary. On this occasion, the company has announced that you will not need an invitation to buy the OnePlus 2 starting December 5 and also, the OnePlus X will be available invite-free from December 5 to 7. During this period, OnePlus will also offer consumers 1 percent to 90 percent ... Read More »

Pure Storage revenue shoots up by 167% to $131.4m in Q3


CALIFORNIA: Breaking the cycle of bad financial stories we’ve ran such as Nimble Storage and Violin Memory missing expectations in their third quarter reports, Pure Storage is reporting record revenue. For their third quarter Pure reported revenue of $131.4 million up from $49.2 million a year ago or up 167% year to year. This number also comes in higher than ... Read More »

Sri Lankan Customs to stop smuggling of counterfeit goods


COLOMBO: Sri Lanka customs invited right holders of products to come forward to help authorities to stop importing counterfeit goods to Sri Lanka. Ashorf Samzudeen, deputy superintendent of Consumer Protection Unit, Sri Lanka Customs said they can fight against counterfeit and piracy only with the corporation of right holders, law enforcement agencies and legal professionals. “We are at the boarder ... Read More »

Macau casino revenue dips by 32.3% to $2.1bn in Nov

sales fall

HONG KONG: Casino Revenue for Macau further dropped 32.3% in the month of November to 16.4 billion patacas ($2.1 billion), representing a revenue fall for the last 18 months. Macau, which generates two-third of its Gross Domestic Product (GDP) from gaming and casino operations, has been witnessing a continuous drop in casino revenues since mid-2014, as the Chinese government is ... Read More »

Uzbekistan approves new Customs codes


TASHKENT: The Senate of Oliy Majlis (upper house of parliament) of Uzbekistan has approved the new edition of the customs code of the republic. Uzbek Senator Tohir Bakhronov said at the meeting of the upper house of parliament that the new version of the customs code was developed due to the fact that the current code, adopted in 1997, in ... Read More »

Customs revenue collections keep on increasing with $20m more


BALTOMORE: The revenue intake at the Customs & Excise Division has continued to increase, with the department reporting a massive increase in collections for the period up to October 2015. Inspector and Customs Officer Randy Baltimore said the department has collected over $20 million exceeding its original target. “Our target was $261,851,350 which our actual collection was (up to) $282,667,664. ... Read More »

OmniVision reveneu rises 4% to $343.1 million


CALIFORNIA: At the end of April this year, OmniVision Technologies, Inc. OVTI signed a definitive agreement to be acquired by a consortium of Hua Capital Management, CITIC Capital and GoldStone Investment. Under the agreement, the consortium will acquire all the outstanding shares of the company in a cash transaction worth $29.75 per share or a total of approximately $1.9 billion. ... Read More »

Michigan’s congressional delegation seeks funds for port plaza


WASHINGTON: Three members of Michigan’s congressional delegation are again appealing to the Obama administration to give higher priority to funding an expanded customs plaza at the Blue Water Bridge in Port Huron in the next federal budget. The Blue Water Bridge, which links Port Huron with Sarnia, Ontario, has awaited a delayed $165 million construction project for several years. Sens. ... Read More »

South African Customs confiscates gold worth R3 million at airport


CAPE TOWN: The gold was found in the pockets and a moneybag of a male passenger who was hiding it under a Kurta worn over his clothing. South African Revenue Service Customs officials have confiscated gold worth almost R3 million at the King Shaka International Airport. In a second bust in KwaZulu-Natal‚ officials intercepted Ecstasy tablets in a suspicious parcel. ... Read More »

Sears Holdings revenue drops to $5.75 billion


ILLINOIS: Sears Holdings Corp. said its loss narrowed last quarter on fewer one-time expenses but sales dropped 20%, hurt by store closings and weaker revenue from clothing and consumer electronics. The Hoffman Estates, Ill., operator of Sears and Kmart department stores posted a net loss of $454 million for its third quarter ended Oct. 31 compared with a loss of ... Read More »

Nigerian Customs generates N1.35b revenue target in Nov  

Nigerian customs generates revenue

ABUJA: The Ogun Command of the Nigeria Customs Service (NCS) generated N1.35 billion in November, up from its N750 million monthly revenue target. Mr Eporwei Edike, Assistant Comptroller-General of Customs in charge of Zone A, made the disclosure on Thursday during his visit to Ogun Customs Command at Iidroko. He applauded the efforts of the officers for exceeding their monthly ... Read More »

Customs wins 2 leagues clashes


CHENNAI: Customs had won two of its league clashes, while Spikers had lost two and was pushed into a must-win situation After having lost two close encounters, Chennai Spikers regrouped well to stun holder Customs Recreation Club (Chennai) 25-18, 23-25, 25-17 in a men’s Group A league fixture of the 65th State senior volleyball championship. However, both teams enjoyed the ... Read More »

Astronomers discovered young lithium-rich giant star


BRENT: An Argentinian team of astronomers from the Astronomical Observatory of Córdoba has announced the finding of a new exceptional young lithium-rich giant star, designated KIC 9821622. Using the data obtained with the high-resolution GRACES spectrograph at the Gemini North telescope in Hawaii, the scientists were able to determine the chemical abundances of 23 elements of this star as well ... Read More »

Indiana beats revenue target by $21.3 million in Nov


INDIANAPOLIS: Indiana beat its November revenue target by $21.3 million, or 2.1 percent, as Hoosiers last month earned more money than state officials expected but spent less of it. The $1.055 billion in total monthly tax collections also outpaced last November by $30 million, or 2.9 percent. That helped push state revenue in the current budget year, which began July ... Read More »

Customs assures traders Joint Border Management System not harmful


WELLINGTON: Delays to the introduction of the Joint Border Management System (JBMS) are not having any adverse impact on the industry, says Customs Brokers and Freight Forwarders Federation (CBAFF) Executive Director Rosemarie Dawson. A Parliamentary Select Committee heard today that gradual introduction of the second phase of the programme is now expected to be completed within the first half of ... Read More »

Samsung introduces Galaxy A3, A5 and A7


NEW DELHI: Korean handset maker Samsung has finally launched three much awaited smartphones in its Galaxy A series – Galaxy A3, A5 and A7. The trio will be available in China in mid-December 2015 and other markets in the future. The smartphones are believed to be the mid-range alternative to the Galaxy S series. Coming to specification features, the Galaxy ... Read More »