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Author Archives: CT Report

World Bank to help Serbia in transition to digital economy

BELGRADE: World Bank is ready to help Serbian economy to develop through implementation of new technologies, said Tony Verheijen, World Bank Country Manager for Serbia on Thursday. Presenting the World Bank’s annual development report, with this year’s topic “Digital Dividends”, Verheijen cited one of its conclusions that “countries who invest more into digital technologies achieve bigger growth”. “We wish to ... Read More »

EU overall employment rate reaches pre-crisis level in Q3 2015

BRUSSELS: Employment and activity rates have continued to increase in the European Union (EU), and in the third quarter of 2015, the overall EU employment rate even reached its pre-crisis level, the EU said Thursday. Meanwhile, unemployment has continued to recede and the share of long-term unemployed persons in total unemployment has slightly gone down, an EU statement said, citing ... Read More »

Philippines Customs seizes smuggled Peking ducks in Batangas

MANILA: Alert operatives of the Customs Intelligence and Investigation Service (CIIS) in the Port of Batangas have seized millions of pesos worth of smuggled frozen Peking ducks from Hong Kong recently. CIIS-Batangas officer-in-charge Manolo Arevalo on Thursday said the shipment was outright seizureable in favor of the government because it lacked the required importation permit from the National Meat Inspection ... Read More »

Chinese customs rejects fewer wines in 2015

BEIJING: Fewer imported wines were rejected by Chinese customs in 2015 amid strong growth in wine import, shows official figures. 284 tons (123 batches) of imported wines were destroyed or returned by the Chinese Customs for quality and packaging problems in 2015, according to the reports released by China’s General Administration of Quality Supervision, Inspection and Quarantine. The number has ... Read More »

Russia aims for customs reforms to speed cargo processing

MOSCOW: Russia’s First Deputy Prime Minister Igor Shuvalov has issued an order to the Russian Federal Customs Service to significantly streamline customs clearance procedures with the aim of speeding cargo handling at Russia’s borders and seaports. The reforms should be completed by May or June after Shuvalov decides on a raft of proposals to speed cargo clearance that are due ... Read More »

Ireland police seize 13kg of cocaine worth €930,000

DUBLIN: A man in 40s has been arrested in connection with an investigation into the seizure of €930,000 worth of drugs. Yesterday evening, gardai searched a house in Tallaght, Dublin 24 and discovered around 13 kilograms of cocaine with an estimated street value of over €930,000. A small quantity of Ecstasy tablets was also seized. A garda spokesperson said the ... Read More »

Ireland Customs seizes cigarettes, tobacco worth €10,700

DUBLIN: Revenue officers have seized contraband cigarettes and tobacco worth around €10,700 in Co Tipperary. The find was made after Revenue officers stopped a car in Golden here the other day and searched the vehicle. They discovered a quantity of illicit cigarettes and in a follow-up search, under warrant, of the driver’s residence, they uncovered more cigarettes and tobacco. 22,800 ... Read More »

Indonesia’s Ministry of Finance imposes Customs duty on Jackup KS Java Star

JAKARTA: KS Energy Limited (the Company and together with its subsidiaries, the Group) reported Thursday that PT Java Star Rig (PT JSR), held by a joint venture company of KS Drilling Pte Ltd. (KS Drilling), has received notice from the Ministry of Finance of the Republic of Indonesia – Directorate General Customs and Excise (the DGC) that the importation of ... Read More »

US Customs seizes cocaine worth $1.2m

FAJARDO: U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO)  seized 93 pounds (42 kilos) of cocaine recovered  Tuesday night from the water after intercepting a 25 foot vessel 6 nautical miles from Fajardo and arresting 2 men onboard.   The estimated value of the cocaine is $1.2 million. “We leverage our assets and work with all our partners ... Read More »

CBP ensures pest-free flowers for Valentine’s Day

LAREDO: As we approach Valentine’s Day 2016, U.S. Customs and Border Protection’s highly trained agriculture specialists stand poised to examine millions of flower stems to ensure that plant diseases and plant pests are detected and stopped from being introduced into the United States where they could cause harm. At international ports of entry, land borders and mail facilities, CBP agriculture ... Read More »

Mobile Passport Control App expands to Dallas/Fort Worth International Airport

DALLAS: U.S. Customs and Border Protection (CBP) and Dallas/Fort Worth International Airport (DFW) today announced the expansion of Mobile Passport Control (MPC) to DFW. MPC is the first authorized app to expedite a traveler’s arrival into the United States. Eligible travelers submit their passport information and customs declaration form to CBP via a smartphone or tablet app prior to arrival. ... Read More »

Russia’s debt collectors bring back brutality of the 1990s

MOSCOW: In the dead of a cold January night in Ulyanovsk, a Molotov cocktail smashed through a ground floor window of a wooden house. Within seconds, the room was ablaze: curtains, blankets, and a bed containing a two-year-old baby. The child would survive — miraculously — thanks to doctors and quick actions by his grandfather, Ismail Guseinov, but was badly ... Read More »

Russia ready to export Superjets and road & building equipment to Iraq

MOSCOW: Russia is ready to export SSJ-100 aircraft (Sukhoi Superjet 100) as well as other equipment to Iraq, Russian Deputy Minister of Economic Development Alexander Tsybulsky told journalists here the other day. He said that the Iraqi side had shown interest in the proposals, which the Russian side had submitted to its Iraqi partners at negotiations held prior to a ... Read More »

UK export failures highlight difficulties in rebalancing economy

LONDON: The UK’s trade deficit in goods widened to a new record last year in another illustration of the country’s failure to rebalance towards manufacturing. The £125bn deficit in goods was partially offset by a £90.3bn surplus in services, meaning the overall trade deficit increased by £300m for the year as a whole to stand at £34.7bn. David Kern, chief ... Read More »

UK Export Excellence award launched

LONDON: GTR is calling for entries to the UK National Awards for Export Excellence 2016, a new initiative launched by GTR in partnership with The Manufacturer, which will celebrate and commemorate the achievements of the UK’s exporters over the last year. The awards will reward excellence across a range of sectors (including best first-time export; largest UK export and supply ... Read More »

2015 sees exporting boom for UK small businesses

LONDON: UK-based small and medium-sized enterprises enjoyed a 6% increase in total payments from Europe in 2015 in comparison with 2014, according to Barclays’ new Business Abroad Index. Eight of the UK’s top 10 exporting destinations were in Europe, with Germany the number one export market for UK small businesses for the second year in a row; followed by France, ... Read More »

Five more LNG import deals to be signed with Qatar: Minister

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that five more Liquified Natural Gas (LNG) based agreements, would be signed with Qatar. Talking to media persons, he said that Pakistan has been passing through a severe energy crisis and the import of LNG from Qatar would be a positive and welcome step to address the issue. ... Read More »

Senate committee on Ports and Shipping to meet today

ISLAMABAD: Senate standing committee on Ports and Shipping will meet at Parliament house on Friday (today). The meeting will be chaired by Muhammad Ali Khan Saif and attended by other members of the committee. According to the committee notification, the meeting will brief on the recruitment made in KPT in all cadres during last three years including details of all ... Read More »

LCCI three-day IT exhibition begins at Alhamra

LAHORE: Dream of economic stability cannot come true without equipping the business community with IT based knowledge. The LCCI three-day Information Technology Exhibition will not only help promote Information Technology activities in the province but will also encourage IT exports. He was addressing at the opening ceremony of the LCCI three-day Information Technology Exhibition here at Alhamra Art Gallery. The ... Read More »

CNG stations re-open in Punjab

LAHORE: All the Compressed Natural Gas (CNG) filling stations re-opened in Punjab after two-month closure. The CNG filling stations will supply cheap fuel round the clock and seven days a week as per decision of Sui Northern Gas Pipelines Limited (SNGPL), their spokesman told APP. He said the filling stations would continue the supply till further orders. Read More »