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Author Archives: CT Report

New Taipei City becomes top electricity saver

TAIPEI: New Taipei City was named Taiwan’s top electricity saver in a smart city energy campaign organized by the ROC Ministry of Economic Affairs. From April to November 2015, the northern Taiwan metropolis slashed electricity consumption by 127 million kilowatt-hours, or 1.24 percent from the preceding period to top all cities and counties nationwide. It also clinched six creative green ... Read More »

Turkish Airlines signs contract with Visit Britain

ANKARA: Turkey’s national flag carrier Turkish Airlines agreed a one-year marketing deal with the U.K.’s tourism agency VisitBritain on Jan. 11. The announcement came at a meeting at the British Consulate in Istanbul attended by U.K. Ambassador Richard Moore, VisitBritain Chief Executive Sally Balcombe and Ahmet Olmuştur, deputy director general of Turkish Airlines. Moore described the agreement as “a strategic ... Read More »

Tests reveal some flaws in Google’s self-driving cars

SAN FRANCISCO: The world’s biggest search engine, Google, which is also producing self-driving vehicles, has revealed that its self-driving cars have safely driven more than a million miles, there have been times when humans have had to take over to avoid crashing. System “anomalies” caused drivers to take the wheel 272 times in California test cars in the 14 months ... Read More »

Sip tea, eat apples, onions to reduce heart disease risk

ISLAMABAD: The researchers have revealed that sipping tea and eating apple and onions can reduce risk of heart disease. They said that eating a meal rich in compounds called flavonoids that are found in onions, tea and apples reduce some early signs of heart disease. The research team focused on one of the compounds, quercetin, which is found in tea, ... Read More »

KPCCI lauds 7 proposed industrial zones in KP

PESHAWAR: The local business community Wednesday lauded the identification of seven industrial zones on western route of the China-Pakistan Economic Corridor (CPEC), which will boost economic activities in the province. Commenting on the report regarding identification of 12 potential industrial zones including five in Balochistan and seven in KP, former Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) president Yusaf ... Read More »

Taiwan launches eVisa system

TAIPEI: The eVisa program will officially launch in Taiwan on January 12. Foreign visitors not in the visa waiver program and who are eligible can apply for an eVisa on the Internet before embarking on their trips. The Ministry of Foreign Affairs (MOFA) says that this program will boost Taiwan’s tourism and attract more visitors. CNA reports, Lo Tien-hung, deputy ... Read More »

FIA nabs two more human traffickers

ISLAMABAD: The Federal Investigation Agency (FIA) has arrested two alleged human traffickers in separate raids. According to sources in FIA, the arrested human smugglers were identified as Raja Adeel Mushtaq and Muhammad Ramzan. The details revealed that accused Raja Adeel was a hardened criminal as multiple complaints of extortion and fraud were pending against him. Passport and travel card of ... Read More »

Net income of top 15 holding firms grows 5%

TAIPEI: The nation’s 15 major financial holding companies saw a combined annual growth of 5 percent in net income for last year, but seven reported annual declines and the total fell just short of the NT$300 billion (US$8.91 billion) predicted by Financial Supervisory Commission (FSC) Chairman William Tseng. The companies’ combined total was NT$296.74 billion. They said they had been ... Read More »

Israel’s polished diamond exports fall 20% in 2015

JERUSALEM: Israel’s polished diamond exports slumped 20 percent to $5 billion in 2015 because of a drop in demand in key markets and a mismatch between the prices of polished and rough gems, according to the Ministry of Economy. Polished exports to the U.S., Israel’s largest diamond-trade partner, dived 16 percent to $2 billion and outbound shipments to Hong Kong ... Read More »

Jordan imported JD740m worth of used cars in 2015

AMMAN: Jordan imported used cars worth almost JD740 million in 2015, registering a 16.5 per cent increase over 2014, a sector leader said Tuesday. Jordan Free Zone Investors Association (JFZIA) President Nabil Rumman said 74,301 used cars entered the Kingdom last year, compared with 62,047 vehicles valued at around JD650 million in 2014. Rumman attributed the increase to the incentives ... Read More »

Ukrainian wheat, barley exports higher in current season

KIEV: In the current season grain exports from Ukraine are higher than last one. Since the beginning of 2015/16 marketing year Ukraine has exported 20 MMT of grain, which is 18% more than during the same period last year. Over six months of the season Ukraine exported nearly 10.33 MMT of wheat. The exports were 31% higher than last season ... Read More »

Trade ministry issue license for imports of 198,000 cows

JAKARTA: The trade ministry has issued license for the imports of 198,000 feedlot cows in the first quarter of 2016. Acting Director General for Foreign Trade Karyanto Suprih said imports would be made from Australia . “There has been no other choice of suppliers,” Karyanto said here on Tuesday. This year, the government plans to import 600,000 feedlot cows. Business players ... Read More »

PM urged to pass on impact of declining oil prices to textile industry

  KARACHI: The textile industrialists have asked Prime Minister Nawaz Sharif to pass on the impact of falling oil prices in full to the industry. All Pakistan Textile Mills Association (Aptma) Chairman Tariq Saud, in a statement, said that high cost of doing business had created a hole in the viability of textile industry, particularly the large section dependent on ... Read More »

DRI detects 1cr duty drawback fraud by Surat company

AHMEDABAD: The Ahmedabad zonal unit of Directorate Of Revenue Intelligence (DRI) has detected Rs 1 crore duty drawback fraud by Surat-based Supreme (India) Impex Ltd (SIL). The manufacturer-cum-exporter of various textile goods had been claiming drawback on the higher side by inflating export value in the export documents. DRI officials conducted search operations at the office premises of the exporter ... Read More »

Russia may shift auto part imports from Turkey to Serbia

ANKARA: Moscow is looking for ways to transfer the manufacturing of spare auto parts for its major car producers from Turkey to Serbia, Russian Deputy Prime Minister Dmitry Rogozin told media. “Until now, these car components were manufactured in Turkey. We believe that the Serbian [auto] industry is capable of producing them,” Rogozin was quoted as saying by the Sputnik ... Read More »

TDAP plans to double its exports to Sri Lanka in a year’s time under FTA

COLOMBO: Both countries Pakistan and Sri Lanka failed to fully utilize the FTA that came into effect in 2005 due to which bilateral trade remains range bound with an average of $350 million for the last six years. The Trade Development Authority of Pakistan (TDAP) Secretary Rabiya Javeri Agha said that it aims to double its exports to Sri Lanka ... Read More »

Surge in New Zealand sheepmeat exports

WELLINGTON: Sheepmeat exports from New Zealand for November 2015 were up by nearly a quarter on the previous year. Sheepmeat exports from New Zealand for November 2015 have reached their highest level in 15 years. Sheep meat exports from New Zealand in November 2015 were up by nearly a quarter on the previous year at 27,400t, according to the UK’s ... Read More »

Grain Millers Association of Zimbabwe sets maize import target

HARARE: The Grain Millers Association of Zimbabwe (GMAZ) has started engaging service companies for import procurement contracts as local millers target importing 150,000 tonnes of maize per month until June next year. This is in light of the drought situation that has already ravaged some parts of Zimbabwe and Sadc. So far, nearly 7,000 cattle in Matabeleland South, Masvingo and ... Read More »

Focus on quality of products, Governor Ebad asks traders

  KARACHI: Sindh Governor Dr Ishratul Ebad Khan has asked the traders and manufacturers to focus on quality of products meet the international standards. He said this in his message delivered a ceremony of 5th Quality Standard Award 2015, organised by The Consumers Eye Pakistan (TCEP). The governor in his message lauded the services of Pakistan Standards and Quality Control ... Read More »

S. Korea’s import prices post main decline in 2015

SEOUL: Prices of imported products in South Korea posted the biggest yearly decline in history last year due to lower crude oil prices, central bank data showed on Wednesday. The import price index came in at 80.36 in 2015, down 15.3 percent from a year earlier, according to the Bank of Korea (BOK). It marked the biggest yearly decline since ... Read More »