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Author Archives: CT Report

ICCI calls to withdraw firefighting notices issued to businessmen

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ISLAMABAD: Business community of Islamabad should take measures to gradually meet the firefighting requirements in businesses & industrial units and Metropolitan Corporation Islamabad (MCI) would withdraw the firefighting notices issued to traders and industrialists. This was assured by Malik Atta, Director MCI while addressing the local business community at Islamabad Chamber of Commerce & Industry. He visited ICCI along with ... Read More »

MV Beijing Bridge makes maiden call at Port of Colombo

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Colombo: MV Beijing Bridge under its AGI Service made the maiden call at the Port of Colombo’s Sri Lanka Ports Authority (SLPA) controlled Jaya Container Terminal (JCT) on last week. In order to mark the vessel’s maiden call at the Port a plaque exchange was also held between SLPA Additional Managing Director Upali De Zoysa and MV Beijing Bridge Captain ... Read More »

ECI, StanChart plan to ease funding for UAE firms

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Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed an agreement with Standard Chartered Bank to provide seamless access to trade credit solutions and funding for UAE businesses. Under the memorandum of understanding (MoU), both institutions will collaborate to support UAE-based exporters through various financing and funding solutions. Areas of focus include credit risk management solutions, export ... Read More »

Russia-Azerbaijan railway border crossings planned to be simplified

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Moscow : Yarag-Kazmalyar railway border crossing point in Russia’s Republic of Dagestan can be simplified, and funds are currently allocated for improving this checkpoint, Olga Rukhullayeva, Deputy Minister of the Russian Federation for the North Caucasus, said during the Russian Investment Forum in Sochi, Trend reports via TASS. According to her, funds were allocated this year for funding the construction ... Read More »

Chinese traders cut Australian coal imports over customs delays: sources

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BEIJING : Chinese coal traders are halting purchases of Australian coal and coking coal as clearing times through China’s customs have at least doubled to 40 days or more, four traders at major buyers told Reuters on Monday. The traders said only cargoes from Australia, the biggest supplier of the fuel to the world’s top consumer, were affected. “We have ... Read More »

This Brexiteer’s point about the Swiss border backfired spectacularly

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Ardent Brexiteer Quentin Letts has a habit of making statements that rile people up, and this time his point about the Swiss border backfired badly. The journalist, who has written a number of books with provocative titles such as ‘Patronising Bastards: How the Elites Betrayed Britain’, made an implicit reference to the Irish border question in a tweet about his ... Read More »

SHC directs NAB to file reference against illegal allotment in KDA Housing Society

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KARACHI: The Sindh High Court (SHC) on Tuesday directed the National Accountability Bureau (NAB) to file a reference against an illegal allotment in KDA Housing Society’s name and submit a report by March 19. As the hearing of the case pertaining to illegal allotment began, NAB officials told the bench, “Then administrator of the housing society, Intezar Jafri, and others ... Read More »

Bridging cross-cultural communications, France launches Arabic Website

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The new Arabic website: France.fr is designed to inspire visitors and create the immediate desire to travel and enjoy experiences across France and its territories. With the goal of welcoming 100 million tourists to France by 2020, the Arabic version of the website developed to increase interest and footfall from the region. France.fr is fully adapted with the traveler from ... Read More »

This Hong Kong Business School Helps MBA Students Chasing Careers In Artificial Intelligence

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Asia is fast becoming a major global player in the field of Artificial Intelligence (AI). China in particular is prioritizing technological development in its plans for the next few years, with a sophisticated national strategy that will see the country’s AI industry grow to be worth almost $60 billion by 2030. In this climate of fast-paced growth, opportunities are ripe ... Read More »

Four arrested under Customs Department’s new internal probe team

SEPANG,03/10/2018,Director General of Customs Malaysia Datuk Sri Subromaniam Tholasy give a press conference on crippling syndicate processing fake booze at Customs KLIA.Also attend Deputy Director General of Customs Malaysia Datuk Sri Zulkifli Yahya.,MALAY MAIL/AZINUDDIN GHAZALI

KUALA LUMPUR: A new unit under the Customs Department formed just last month to weed out internal corruption has made its first arrests. Its director-general Datuk Seri T. Subromaniam confirmed the arrests of four officers and one forwarding agent, The Star reported today. An unnamed source told the newspaper that three officers and a forwarding agent were detained when a ... Read More »

Singapore total trade breaks $1t again after four years

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Singapore’s total merchandise trade rose 9.2% to reach $1.1t in 2018, a record it has not hit since 2014, data from Enterprise Singapore (ESG) revealed. However, the growth rate in 2018 is weaker than the rate in 2017 (11.1%) According to its 2018 review, both exports and imports grew by 7.9% and 10.6% respectively. Oil trade rose 16.8% in 2018 ... Read More »

‘We’re going back in time’: Brexit and the customs broker

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Gerard O’Hare’s phoneline has been busy. As general manager of Beagan’s, the country’s largest independent customs broker, he and his staff have been taking up to 20 queries a day from callers concerned about Brexit. “The state of unreadiness among people out there is just unbelievable,” says the customs man who has been in the business long enough to remember ... Read More »

UAE wants to expand business in Bangladesh

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The UAE economic minister proposes forming a joint business forum to focus on investment opportunities, potential and markets in Bangladesh The United Arab Emirates (UAE) wants to expand its business in Bangladesh, especially investing in various sectors like energy, port and industrial zone, in a newer way, said it’s Economic Minister Sultan Bin Saeed Al Mansoori on Sunday. The UAE ... Read More »

Port Report: U.S. Southeast ports reap higher volumes, less delays as earlier projects bear fruit

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Ports of Virginia and Charleston put up strong numbers to start 2019, but regional Fed warns that slowdown could be approaching. U.S. Southeast ports are seeing record container volumes to start this year as their earlier expansion projects start paying off. The Port of Virginia reported that its container volumes for January were up 9 percent from a year ago, ... Read More »

Ryan Named One of 2019’s Best Workplaces for Inclusion in Canada

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TORONTO–(BUSINESS WIRE)–For the second consecutive year, Ryan, a leading global tax services and software provider, with offices in Toronto, Montreal, Calgary, and London, Ontario, announced the Firm has been named one of the Best Workplaces™ for Inclusion in Canada by Great Place to Work®. Ryan earned this distinction by implementing a variety of initiatives that increase employee engagement and improve ... Read More »

Pakistan, Saudi Arabia hold business conference to boost economic ties

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Pakistan and Saudi Arabia on Monday held a joint business conference to strengthen bilateral economic ties, a day after they signed seven agreements worth USD 20 billion to promote trade and investment in the cash-strapped South Asian country. Saudi Crown Prince Mohammad bin Salman, who is also Saudi Arabia’s defence minister, arrived on his maiden trip to Pakistan on Sunday. ... Read More »

Turkish customs confiscate 25 kg of heroin

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A total of 25 kilograms (55 pounds) of heroin was seized at the Turkish-Iranian border by Turkish customs, according to an official statement. A truck coming from Iran to Turkey suspected of drug trafficking was searched at the Gurbulak Customs Gate, the Turkish Trade Ministry said on Sunday. During the search, the heroin, hidden under the bed in the driver’s ... Read More »

Portsmouth International Port bid for £18m investment

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London : An £18.7m investment for Portsmouth International Port could mean the city would be a leading competitor in the cruise market, and could significantly improve ferry operations. Portsmouth is already considered a major UK port and its commercial success means it contributed £7.8m this year to Portsmouth City Council’s budget. Portsmouth City Council now feel their is a big ... Read More »

Ramzan Sugar Mills case: NAB files reference against Shahbaz, Hamza

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ISLAMABAD: The National Accountability Bureau (NAB) on Monday filed a new reference in the accountability court against PML-N President Shahbaz Sharif and his son Hamza Shahbaz in connection with the Ramzan Sugar Mills case, according to media reports. The father-son duo, leaders of the opposition in the National and Punjab assemblies respectively, have been nominated as the primary accused in ... Read More »

Stock market remains under pressure as KSE-100 drops 1%

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KARACHI: The equity market has not responded to historic accords signed between Pakistan and Saudi Arabia and ended down on Monday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,219 points as against 40,487 points showing a decline of 267 points. Analysts at Arif Habib Limited said that market took negative stance despite historical accords signed between ... Read More »