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Author Archives: CT Report

Malaysia’s NCID seizes heroin, ketum

SEREMBAN: The Seremban district narcotics crime investigation department arrested two men and seized RM10,000 worth of heroin yesterday. Seremban district police chief Assistant Commissioner Muhamad Zaki Harun police had approached a Proton Saga in which two suspects were travelling in at the Seremban/Labu toll plaza at 4pm. “After an inspection, police found a brown-colour bag containing one 520g transparent packet ... Read More »

Malaysia marine police seize 320 packets of smuggled firecrackers

PORT KLANG: The attempt to smuggle firecrackers with a street value of minimum RM6,400 and above into Indonesia was foiled by the Port Klang marine police earlier today. In an operation named ‘Op Pensura’ at 11am, Port Klang marine police intercepted the Indonesian registered barter trade boat near Bagan Hailam, off the waters Port Klang. A total of 320 packets ... Read More »

Thailand seafood exports not hit by reports of slavery

BANGKOK: Thailand said on Monday seafood exports to the United States, Europe and Australia have not been hit by reports of slavery and forced labour by campaign groups and media. The comments come as Thailand, the world’s third-largest seafood exporter, faces increasing pressure to crack down on illegal fishing or face the risk of bans on its fish exports and ... Read More »

Toshiba expects to post $4.5 bln loss in this year

LONDON: Toshiba expects to post a $4.5 billion loss this year as it deals with the aftermath of a massive accounting scandal. The estimated loss is significantly higher than analysts had expected, and is six times more than the 90.5 billion yen ($734 million) loss it posted for the first half of the year. Some of the losses are associated with ... Read More »

First large scale shipments of Australian mangoes arrive in US

CANBERRA: The first large scale shipments of Australian mangoes have arrived in the United States, with up to 150 tonnes expected to be exported. The trade with the US was established in January, and a trial shipment of 5.5 tonnes of mangoes was sent in February. Australian Mango Industry Association CEO Robert Gray said weekly shipments of mangoes would continue for ... Read More »

EU eases rules for entry of shrimp from Bangladesh

BRUSSELS: The European Union has eased the rules for the entry of shrimp from Bangladesh into the EU due to a significant decrease in the number of non-compliant consignments from the Asian nation. Exporters have been exempted from attaching analytical test reports with shrimp consignments. Analytical tests are carried out at government labs to make sure that the shrimp are ... Read More »

Khattak launches massive reforms campaign for KP

ABBOTTABAD: Khyber Phaktoonkhawa Chief Minister Pervez Khattak has launched a massive reforms campaign for progress of the province and to provide its people justice and rights. He said this while addressing the dual carriage Murree road Abbottabad project ceremony at Ghani Bagh, Abbottabad. Khattak warned the government servants and said that hospitals, police stations, schools, revenue offices and other government ... Read More »

CAA DG Asim inspects expansion, renovation work at Quetta Airport

KARACHI: Civil Aviation Authority (CAA) Director General Air Marshal (R) Asim Suleiman has visited Quetta International Airport and inspected the ongoing renovation and work at the airport. A CAA spokesman, in a statement, issued here said that during the visit he was also accompanied by Director Plans Civil Aviation Authority. The director general took complete briefing on the project and ... Read More »

Reduction in exports may continue in coming months

MANILA: Contraction in exports may persist in the coming months as low commodity prices and weak demand show no sign of abating for now, the chief economist of the Department of Finance said. “The decline in total exports may be traced to dampened appetite in trading partners and the decline in prices of the country’s major export commodities…,” Finance Undersecretary ... Read More »

Saudi Arabia’s crude oil exports increase in Oct

KHOBAR: Saudi Arabia’s crude oil exports in October rose by 253,000 barrels per day from September to 7.364 million bpd, official data showed on Sunday. The oil exporting heavyweight maintained high output and pumped 10.276 million bpd in October, slightly higher than September’s 10.226 million. Monthly export figures are provided by Riyadh and other members of the Organisation of the ... Read More »

China’s electronics, IT manufacturing industry surge by 10.8% in Jan-Nov

BEIJING: The added value of China’s electronics and IT manufacturing industry rose by 10.8 percent year on year from January to November in 2015, according to the Ministry of Industry and Information Technology. The statistics only covered the enterprises whose annual business revenue each exceeds 20 million yuan (3.09 million U.S. dollars). The growth rate was 4.7 percentage points higher ... Read More »

Iraq’s southern oil exports may reach record

BASRA: Iraq’s southern oil exports have been running at 3.45 million barrels per day (bpd) so far in December and could reach a monthly record by the end of the year, according to Basim Abdul Kareem, deputy chief for operations and production at the state-run South Oil Company (SOC). Southern crude exports should hit a record daily average, “if everything ... Read More »

Sri Lanka ponders special zone for Chinese investment

COLOMBO: Sri Lanka is considering a special zone in the southern part for Chinese investors as China looks to expand its investment in the island nation, a top official said. Chairman of the Board of Investments (BoI) Upul Jayasuriya said the government had decided to set up the zone in the southern town of Hambantota. Sri Lanka has already conveyed ... Read More »

China’s central bank injects $15.4bn into market

BEIJING: China’s central bank offered a total of 100 billion yuan ($15.4 billion) in six-month medium-term lending facility (MLF) loans at 3.25 percent to 13 financial institutions. “The move is aimed at maintaining proper liquidity in the market,” said the People’s Bank of China (PBOC) in a brief online statement. The PBOC said it will guide banks to lend the ... Read More »

China grants 50b yuan RQFII quota to Thailand

BEIJING: China has granted a 50 billion yuan ($7.8 billion) investment quota to Thailand under the Renminbi Qualified Foreign Institutional Investor (RQFII) pilot program, China’s central bank said Thursday. The decision, part of deepening financial cooperation between the two countries, will offer diversified investment products for Thailand’s investors, facilitate bilateral trade and investment while pushing China’s capital market to open ... Read More »

Chinese share of global exports set to reach 13% in 2015

BEIJING: China is expected to account for 13 percent of the world’s total exports this year as the country shipped more high-value products to both developed and emerging markets between January and November, the Ministry of Commerce said on Thursday. China’s proportion of exports amounted to 12.4 percent of the global market last year. The country’s exports of rail equipment, ... Read More »

China expects to import 350,000 tons of liquid milk in 2015

BEIJING: Imports of liquid milk into China are growing with European countries successfully tapping into the market, according to AHDB dairy. China is expected to import 350,000T of liquid milk in 2015, up nearly a tenth from last year and equalling its Whole Milk Powder imports, according to the USDA. The AHDB says two-thirds of China’s liquid imports came from ... Read More »

NASA to launch second crew mission for ISS

WASHINGTON: The American space research centre, NASA, has announced to launch its second crew mission from Boeing Space Exploration for the International Space Station (ISS). NASA’s Commercial Crew Program Manager Kathy Lueders, in a statement, said that once certified by NASA, the Boeing CST-100 Starliner and SpaceX Crew Dragon will each be capable of two crew launches to the station ... Read More »

Huawei smartphones sales in northeastern Europe rise by 125%

BEIJING: Huawei achieved gratifying results in 2015 year in Central-Eastern and Northern European regions as far as consumption of its products is concerned. The delivery amount of smartphones reached more than 3,46 million and observed an increase of 114 percent compared with the same period last year. The expected terminal business overall sales revenue grew more than 60 percent, out ... Read More »

1,242km new railway track to be installed, 1,872km upgraded under CPEC

ISLAMABAD: The government has decided to revamp railway tracks under the China-Pakistan Economic Corridor (CPEC) as new tracks will be laid from Gwadar to Quetta and Jacobabad via Besima. As per details, the railway track of 560 km will be laid from Bostan to Kotla Jam on Main Line-II via Zhob and Dera Islamil Khan, while 682 km of track ... Read More »