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Author Archives: CT Report

Deco launches complaints portal for public transport users in Portugal

LISBON: Portugal’s consumer rights association Deco has launched an online portal where people using public transport can make complaints about the various services. Passengers can also sign a letter that demands that the sector’s laws be brought into line. According to Deco, delays, cancellations, changes to times tables, routes and high prices are some of the main complaints made by ... Read More »

Oakland port container imports rise 75% in Jan

WASHINGTON: Imports rose more than 75% at the Port of Oakland in January, signaling the West Coast has recovered much of its normal volume a year after many businesses diverted cargo to other ports amid widespread delays. The Port of Oakland imported 77,637 twenty-foot equivalent units, a standard measure for container cargo, in January, up from 44,171 in the same ... Read More »

Pakistan keen to access Rumanian market: Ayaz Sadiq

ISLAMABAD: Speaker National Assembly Sardar Ayaz Sadiq said Pakistan is fully committed to strengthen bilateral ties with Romania. “Romania is an important country in Pakistan’s desire for reaching to the European Union and its market,” he said during a meeting with Ambassador of Romania, Emillion Ion who called on him in Parliament House. The Speaker said that Pakistan-Romania relations are ... Read More »

Poland’s financial system stable, resilience lowers

WARSAW: The Polish financial system is stable, but its resilience to shocks has fallen, the country’s central bank (NBP) has said in a new report. Poland’s financial system is capable of absorbing shocks related to identified future threats to the system and the economic environment, the report said. But it added that resilience has been reduced compared to the previous edition ... Read More »

Final notices issued to defaulters

SUKKUR: Tehsil Municipal Administration (TMA), Sukkur has issued final notices to its rent defaulters to clear outstanding dues till February 15. According to a statement issued by the department, the defaulters were warned that in case of non-payment their shops would be sealed. TMA would launch crackdowns on rent defaulters from February 17 and stern action in accordance with the ... Read More »

Finland Industrial output increases slightly in Dec

HELSINKI: Output of total industries adjusted for working days was 0.5 per cent higher year-on-year in December 2015, according to Statistics Finland’s data. The original index in total industries grew by 3.7 per cent in December. Industrial output contracted by 1.1 per cent in 2015 from the previous year. The  Industrial output decreased continuously for four years in a row, ... Read More »

Duqm authority signs OMR55 mln deal for Govt berth infrastructure

MUSCAT: Oman’s Special Economic Zone Authority in Duqm (Sezad) on Wednesday signed an agreement with Combined Group Contracting Company to build infrastructure facilities for government berth at the port. The total project cost is estimated at OMR55.4 million and implementation will take 30 months from the date of awarding, excluding 30 days of preparations, said a press release. The government berth ... Read More »

Nepal Oil Corporation expects fuel supply to ease

KATHMANDU: The Nepal Oil Corporation on Wednesday said fuel supply constraints would ease in the Kathmandu Valley from next week. With 19,000kl of petroleum products already in stock, the NOC has received 3,200kl fuel in the last three days after the Birgunj-Raxaul border—the country’s major trading route—reopened on Friday. The border obstructions had caused severe fuel crisis in the country. While ... Read More »

Hong Kong Customs seizes suspected scheduled animal skin, European eels at airport

HONG KONG: Hong Kong Customs seized two pieces of suspected scheduled animal skin and about 48 kilograms of suspected European eel, an endangered species, at Hong Kong International Airport yesterday. Customs officers found the two pieces of suspected scheduled animal skin last evening in the check-in baggage of a male passenger arriving Hong Kong from Shanghai. Later, Customs officers conducted ... Read More »

Services trade deficit drops 31.79 percent in Jul-Dec

ISLAMABAD: The services trade deficit during first six months (July-December) decreased by 31.79 percent as compared to the same period of last year. The services exports witnessed a decrease of 5.38 percent while the import fell by 14.30 percent during first half of current fiscal year. According to data revealed by Pakistan Bureau of Statistics (PBS), the services trade deficit ... Read More »

Russia ready to cooperate with Iraq in many spheres

BAGHDAD: Russia and Iraq have good prospects for interaction in a number of spheres and Moscow is prepared for intensive and diversified cooperation with Baghdad. Bilateral cooperation prospects were discussed at Russian Deputy Prime Minister Dmitry Rogozin’s meeting with Iraqi President Fuad Masum. Rogozin is in Iraq on a two-day visit with a large delegation of nearly a hundred government ... Read More »

Addl Commissioner-IR, two Dy Commissioners assume charge

ISLAMABAD: Three Inland Revenue Service officers of BS 17-18 have assumed the charge as Additional Commissioner and Deputy Commissioner in different cities. Riaz Ali Shah relinquished the charge of the post of Additional Commissioner-IR (OPS), RTO, Quetta and assumed the charge of the post of Additional Commissioner-IR (BS-18) (OPS), RTO-II, Karachi. Abdul Sattar assumed the charge of the post of ... Read More »

Mufeeza, Majid Hayat assume charge as Addl Directors of Lahore T&R-IR

ISLAMABAD: Two Inland Revenue officers of BS-18 have assumed the charge of the post of Additional Directors, (OPS), Directorate General of Training & Research (IR), Lahore. Mufeeza Iqbal, pursuance of Board’s Notification No.0257-IR-I/2016 dated 29-01-2016, assumed the charge of said post after relinquishing charge of the post of Second Secretary, FBR (HQ), Islamabad with effect from February 01. Mian Muhammad ... Read More »

Shangri La expresses interest to expand investments in Sri Lanka

COLOMBO: Hong Kong-based Shangri La Hotels and Resorts has expressed interest to expand its investments in Sri Lanka, a Finance Ministry statement said. This was revealed during a meeting Finance Minister Ravi Karunanayake held with Shangri La Vice Chairman Madhu Rao at the Finance Ministry, the statement added. Among the key issues of the discussion were the ongoing construction activities ... Read More »

Freeport to get export permit despite failure to pay deposit

JAKARTA: PT Freeport Indonesia has received a recommendation from the Energy and Mineral Resources Ministry for the extension of its export permit although the gold and copper mining giant has yet to pay a roughly US$530 million deposit as a guarantee for its development of a smelting plant. “We have issued a recommendation for Freeport to get a permit extension ... Read More »

Jordanian regional crises stalling export activity to Palestine

AMMAN: President of Jordan’s Free Zone Investors Association (JFZIA) Nabil Rumman has said that export activities to the Palestinian market are currently “stalled” due to regional crises and rising export costs. In remarks to Quds Press on Tuesday, Rumman said that the Palestinian market is one of the most important markets for Jordan’s Free Zones, specifically for transporting cars from ... Read More »

Taiwan, China, Philippines bust drug trafficking ring

TAIPEI: Joint efforts by Taiwan, China and the Philippines have resulted in the busting of a cross-border drug trafficking ring, the Penghu District Prosecutors Office said Thursday. Law enforcement officers involved in the joint efforts seized more than 70 kilograms of drugs and raw materials for drug production, valued at over NT$120 million (US$3.57 million), in the Philippines, Taiwanese prosecutors ... Read More »

Zain Group generates revenues of KD 1.14 bn

KUWAIT: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the year 2015 & fourth quarter ended 31 December, 2015. Zain served 45.6 million customers at the end of the period, reflecting a 3% increase year-on-year (Y-o-Y). For the full-year 2015, Zain Group generated consolidated revenues of ... Read More »

Enhanced Af-Pak trade seen as a boost to peace in region

KABUL: Enhanced trade and people-to-people contacts between Afghanistan and Pakistan will boost bilateral relations and peace in the region, civil society representatives believe. At a two-day workshop that concluded in Islamabad on Tuesday, participants from the two countries discussed a whole host of issues, including terrorism and poverty. The ongoing Afghan peace process should continue in line with the internationally-accepted ... Read More »

Hungary, Jordan ink partnership agreements at economic joint committee

BUDAPEST: Major partnership agreements were concluded at the second meeting of the Hungarian-Jordanian economic joint committee in Amman, state secretary of Hungary’s foreign ministry László Szabó said on Wednesday. The two parties conducted talks on trade, construction, farming, environment protection and tourism, he said, adding that Hungary offered 400 scholarships for Jordanian students to study in Hungary. Szabó told MTI ... Read More »