Saturday , September 26 2020
Breaking News
Home / Author Archives: CT Report (page 3240)

Author Archives: CT Report

Ukraine proposes revocation of ban on roundwood exports

KIEV: The Economic Development and Trade Ministry of Ukraine proposed to revoke a ban on exports of round timber that alegedly causes alarm among the EU member states, reports Interfax-Ukraine. According Maksym Nefyodov, Deputy Minister of Economic Development and Trade, a better option would be the introduction of new mechanisms for protecting the domestic market that meet the requirements and ... Read More »

USG People revenue jumps 11.9% in 4Q

AMSTERDAM: Dutch recruitment firm USG People nv (AMS: USG) reported revenue rose 11.9% in the fourth quarter, but gross margin narrowed to 20.7% from 21.3 % in the same period last year. Revenue in the company’s Dutch business rose 15% in the fourth quarter; Belgian revenue rose 13%. USG People — a stand-alone, public company at this time — is ... Read More »

Vietnam’s state revenue grow 2.4% in first 2 months

HANOI: Vietnam’s state revenue grew 2.4 percent to VND160.1 trillion (US$7.08 billion) in the first two months compared to the same period last year, the Ministry of Finance said on Thursday. That is significantly lower than the 17.3 percent increase this time last year. Earnings from crude oil, one of the state budget’s major income sources, dropped by nearly 57 ... Read More »

State arrears reach 5.47 bln euros

ATHENS: The expired debts of the state to the private sector soared to 5.47 billion euros in January, from 3.95 billion a year earlier, according to monthly data released by the Finance Ministry on Thursday. This has led to a primary budget surplus of 1.2 billion euros in the year’s first month, against a primary surplus of 381 million in ... Read More »

Telefonica expects to increase revenue over 4% in 2016

MADRID: Spanish telecoms group Telefonica expects to increase revenue by more than 4 percent in 2016, stabilise its profit margin and pay its dividend fully in cash after completion of the sale of its British unit O2, the company said on Friday. Revenue rose 8.7 percent last year to 47.2 billion euros ($52.2 billion), helped by German and Latin American ... Read More »

Australia sees 18.6% rise from Indian tourists in 2015

CANBERRA: The total number of Indians visiting Australia has increased by 18.6% in 2015, making India the eighth largest inbound market for the continent nation. The number rose 2,33,100 last year as compared to 1,97,000 Indian tourists who visited Australia in 2014, according to data from Tourism Australia. Australia is now eyeing over 2,50,000 visitors from India visiting the country’s dramatic ... Read More »

Hungary retail sales rise 1.6% in Jan

BUDAPEST: Retail sales in Hungary climbed by an annual 1.6 percent in January 2016, preliminary data released by the Central Statistical Office (KSH) on Thursday show. Retail sales rose by 2.1 percent when adjusted for calendar year effects. The unadjusted rise was down from 5.0 percent in December 2015. Adjusted food sales were down by 1.5 percent in January, non-food ... Read More »

Turkish scrap import prices rise further

ANKARA: The scrap import prices rose further in Turkey during last week. The import prices of HMS 1&2 80:20 scrap had also increased during the week before. The import prices have increased by almost $10/t last week to $190/t cfr Turkey for HMS 1&2 80:20. The prices had witnessed a rise of $5-$10/t during the week prior to that. Accordingly, ... Read More »

Sugar price up, flour down in Kabul markets

KABUL: The price of sugar increaded and that of flour edged down during the outgoing week in capital Kabul, market sources said on Thursday. Food Traders Union head, Fazal Rahman, told Pajhwok Afghan News the price of 49 kilograms of Kazakhstani flour decreased from 1,200 afghanis to 1,190afs. And the price of 49kg of sugar increased from 1,830afs to 1,850afs. ... Read More »

Invest in Denmark enjoys record year for creating new jobs

COPENHAGEN: Invest in Denmark, an agency under the Foreign Ministry that helps foreign companies to set up a business in the country, generated a record-high 1,700 new jobs in 2015. Thanks to the agency’s tailor-made solutions, the Foreign Ministry enabled the foreign companies to thrive, mainly within the green technology and IT sectors. “Although 2015 was a record year for ... Read More »

NASA plans to launch balloon flight in New Zealand

WELLINGTON: US space agency NASA is planning to set a record for the longest ever flight for a scientific balloon to be launched in New Zealand next month. NASA’s Balloon Programme team was on the cusp of expanding the envelope in high-altitude, heavy-lift ballooning with its super pressure balloon (SPB) technology, an agency statement said on Friday. NASA experts are ... Read More »

Brazil’s economy shrinks 3.8% in 2015

BRASÍLIA: Brazil’s GDP fared worse than almost any other major economy in 2015, contracting by 3.8%, according to the national statistics agency IBGE. Economic growth in the world’s seventh-largest economy has fallen sharply in recent months. This was due partly to low commodity prices and sluggish global growth. But political paralysis has hampered Brazil’s efforts to tackle its economic problems, including ... Read More »

NT dollar climbs to two-month high

TAIPEI: The New Taiwan dollar yesterday touched a two-month high as foreign funds poured into the nation’s stock market amid growing optimism over global growth, before the central bank intervened to curb gains. The monetary authority made the move at noon, according to two traders who asked not to be identified because they are not authorized to speak publicly. Overseas ... Read More »

Bank Syariah Mandiri recovers profit through restructuring

JAKARTA: Amid a high non-performing financing (NPF) ratio, Bank Syariah Mandiri (BSM) has recovered performance, translating to an increase in its net income to Rp 290 billion (US$22 million) in 2015. President director Agus Sudianto acknowledged that the lender experienced poor performance in 2014 as its net income dropped to only Rp 72 billion. Burdened by bad financing, its margin ... Read More »

South Korea expects record coal demand in 2016

SEOUL: An increase in the number of coal-fired power plants starting operations this year will likely drive record coal demand in South Korea, despite the country’s pledge to curb greenhouse gas emissions at last year’s Paris climate summit. The Korea Energy Economics Institute (KEEI), a government-run think tank, forecasts South Korean coal demand will rise 6.3 per cent to more ... Read More »

Ooredoo Group revenue hits QR32bn in 2015

DOHA: Ooredoo Group’s revenue touched QR32.2bn in 2015. The group net profit to Ooredoo shareholders maintained at QR2.1bn in 2015 driven by a strong EBITDA performance. Ooredoo Group’ customers reached 117 million at the end of 2015, an increase of 9 percent, or 9.5 million net customer adds over 2014 driven by strong performances in Qatar, Indonesia, Myanmar, Oman, Algeria, ... Read More »

EQUATE sponsors GPCA R&I Summit 2016

KUWAIT CITY, March 3: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, sponsored the 3rd Research & Innovation (R&I) Summit 2016 organized by the Gulf Petrochemicals & Chemicals Association (GPCA) to promote excellence in Research & Development (R&D). EQUATE President & CEO Mohammad Husain said, “Innovation has become a critical element for sustainability, not merely an expression or ... Read More »

UAE, Saudi economy improves in Feb

ABU DHABI: Economic sentiment in the UAE and Saudi Arabia ticked up slightly in February, following a mild recovery in oil prices from the 12-year lows scraped the month before, according to a monthly survey. The UAE purchasing managers’ index, a measure of business activity, increased slightly to 53.1 in February, up from 52.7 the previous month. A score above ... Read More »

EWIS to set up $50 mn tech plant in Bangladesh

COLOMBO: Local digital device manufacturer EWIS Colombo Limited (EWIS) entered into a joint venture with Bangladesh’s Tech Manufacturing Co. Ltd. to set up a manufacturing plant in Bangladesh with investments which will eventually run up to US$ 50 million. “The initial investment will start with US$ 2 million, and it will go up to US$ 50 million in the next ... Read More »

Japan’s log export increases 32.7% in 2015

TOKYO: Japan’s log export was 691,830 cubic metres, 32.7% more than 2014 and this was the record high number. Lumber export was 61,621 cubic metres, 10.3% less, ITTO reported. Total forest products export in 2015 was 26,300 million yen, 24.8% more. This exceeded the amount the Ministry of Agriculture, Forestry and Fisheries drew up as a target by 2020 ahead of ... Read More »