Wednesday , July 8 2020
Breaking News
Home / Author Archives: CT Report (page 3315)

Author Archives: CT Report

Standard Chartered Bank expects Vietnam’s GDP to expand 6.9%

HCM CITY: Standard Chartered Bank expects Viet Nam’s gross domestic product (GDP) to expand by 6.9 per cent, higher than the 6.6 per cent forecast, through better construction activity and manufacturing strength. This forecast, which will make Viet Nam the second fastest-growing economy in Asia, second only to India, was highlighted in the bank’s global research briefing in HCM City ... Read More »

Vietnam’s shrimp exports to US expected to rise in 2016

HANOI: Viet Nam’s shrimp exports to the US are expected to rise in 2016, the Viet Nam Association of Seafood Exporters and Producers (VASEP) said. This would be thanks to positive results from the ninth administrative review (POR9) of anti-dumping duties on Vietnamese frozen shrimp and the signing of the Trans-Pacific Partnership (TPP), the association said. The average anti-dumping duty levied ... Read More »

Hai Phong Port sees profit

HANOI: The Hai Phong Port Joint Stock Company announced net revenue of nearly VND1.7 trillion (US$76 million) and after-tax profits of more than VND360 billion (US$16 million) in 2015. Hai Phong Joint Stock Company (JSC) was listed on the Ha Noi Stock Exchange with the code PHP since August, 2015. In the fourth quarter of 2015, it posted a net ... Read More »

BankDhofar posts 15.62% net profit growth in 2015

MUSCAT: BankDhofar posted a net profit growth of 15.62 per cent in 2015 at OMR46.77 million as against OMR40.45 million in 2014. The full year net loans, advances and financing to customers reached OMR2.73 billion, showing a significant growth of 21.33 per cent from OMR2.25 billion at the end of December 2014. The customer deposits mobilised by the bank achieved a ... Read More »

ANF seizes 2.31-ton drugs worth Rs 5.66b in 9 raids

ISLAMABAD: The Anti-Narcotic Force (ANF) has seized Rs 5.66 billion worth of 2.31 tons drugs, including 2,273kg hashish, 31.7kg heroin and 6kg opium in nine operations in different cities and arrested 12 drug traffickers including two foreigners and impounded eight vehicles. According to details, the ANF Rawalpindi acting on a tipoff intercepted two cars including a Suzuki FX and Corolla ... Read More »

Oman signs oil concession agreement for block 7

MUSCAT: Oman government on Thursday signed an oil concession agreement with Hydrocarbon Finder to take over an existing block on production sharing basis. As per the agreement, Hydrocarbon Finder, a hundred per cent locally-owned independent oil producer, will take over block 7 from Petrogas for producing oil from the concession area. The concession area has a large area spanning around ... Read More »

UNDP, UK announce support programme for Fata

ISLAMABAD: The United Nations Development Programme (UNDP) and the United Kingdom’s Department for International Development have announced further support for Federally Administered Tribal Areas (Fata). The Fata government has signed a new agreement with the UNDP and the UK’s Department for International Development, at a high-profile event organised at the Governor’s House, Khyber Pakhtunkhwa on Thursday. This new partnership aims ... Read More »

BC Iron’s production declines in Q4

CANBERRA: BC Iron’s production declined in the fourth quarter after the iron ore junior’s Nullagine joint venture was suspended due to low prices. But the company said a changeover of road haulage arrangements and slower than expected ramp-up by the new contractor was the main reason output was two shipments below expectations in the quarter. Iron ore shipped fell 38 ... Read More »

CDA seals four houses for non-residential use

ISLAMABAD: The Capital Development Authority (CDA) has sealed four houses in Sector I-8 during its operation against non-conforming use of residential units. According to details, Deputy Director Mehmood ul Haasan, Imran Zia Magistrate CDA along with staff of building control and Enforcement planned a crack down on different offices established in residential houses. During operation the civic body has sealed, ... Read More »

Kuwait predicts $38b budget deficit

KUWAIT CITY: Kuwait finance ministry Thursday predicted a record budget deficit for the fiscal year starting April 1 on the sliding price of oil. The shortfall for the 2016-2017 fiscal year is estimated at 11.5 billion dinars ($38 billion) due to a sharp decline in oil revenues, the ministry said on its Twitter account. Spending was estimated at 18.9 billion ... Read More »

Punjab govt spending Rs 109m on fish seed nursing farms

LAHORE: The Punjab government is spending Rs 109.530 million on the rehabilitation and improvement of existing six fish seed nursing farms in the province. This was revealed by Fisheries Director General Dr Muhammad Ayub, while presiding over a special meeting held in connection with rehabilitation of fish seed farms and increasing fish production on Thursday. Fisheries Extension Director Dr Iftikhar ... Read More »

Unemployment rate increase to 9.2% in Dec

HELSINKI: The unemployment rate in December 2015 was 9.2 per cent, having been 8.8 per cent in the year before. The number of unemployed persons was 241,000, which was 9,000 higher than one year ago, according to Statistics Finland’s Labour Force Survey. There were 25,000 fewer employed than in December of the previous year. The unemployment rate in the fourth ... Read More »

India’s mustard output expected to grow for first time in 3 years

NEW DELHI: India’s mustard output is expected to grow for the first time in three years this season, government estimates show, as falling temperatures, light rains and the absence of crop-damaging frost raise farmers’ hopes after two years of drought. Early projections by the six biggest producing states, which account for more than 80 percent of the oilseed’s output, indicate ... Read More »

Shipping intelligence report of Karachi Port

KARACHI: The Karachi Port Trust (KPT) Thursday issued the following shipping report for the last 24 hours, ending 0700 hours. ALONG SIDE (Bulk Oil Pier): OP-I Bunga Laurel D. Chemical Alpine 27/01/16 OP-II Falcon Victory D. Petrol Alpine 28/01/16 OP-III Cartagena L. Naptha Alpine 26/01/16 ALONG SIDE (East Wharves): 2/3 APL Agate D. L.Cnt. APL 26/01/16 5 Great Ocean D. ... Read More »

Shipping movements report of KPT

KARACHI: Following were the Movements of Ships at Karachi Port Trust (KPT) during the last 24 hours, ending at 0700 hours, on Thursday. SHIPS SAILED: Pacific Pioneer Chang Hang Fan Batam Trader SHIPS BERTHED: Bunga Laurel Tanker Lamnalco Aden TUG Agria Coal Navig8 Strength Tanker MOL Dedication Container Ship Northern Victory Container Ship Falcon Victory Tanker EXPECTED SAILING DATE Hammonia ... Read More »

Switzerland’s ADM wins tender to supply 50,000 tonnes of wheat to Bangladesh

GENEVA: Switzerland’s ADM International has secured a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer of $215.87 a tonne, said an official with the state grains buyer on Wednesday. This was the second international wheat purchase tender issued by the Directorate General of Food since the current financial year started in July. Eight trading ... Read More »

Pak rupee again slips in open market

KARACHI: The Pakistani rupee Thursday again lost value against the US dollar in the cash-free market. According to the local money market, the US currency gained five paisas in interbank to reach 106.85 and remained unchanged in interbank at 104.70. On Wednesday, the dollar lost five paisas in open market to reach 106.80 and remained firm in interbank at 104.70. Read More »

Big Dutch pension funds warn of possible cuts in 2017

AMSTERDAM: The Netherlands’ two biggest pension funds may have to cut pensions next year because their assets have fallen below central bank approved levels. The civil service union ABP, which is one of the biggest funds in the world, and the health service fund Zorg & Welzijn both gave the warnings on Thursday at the presentation of their quarterly earnings ... Read More »

Brazil iron ore exports surge 6% in Dec

BRASÍLIA: The most recent statistics released by Brazil’s Secretary of Foreign Trade (Secex) indicates significant rise in iron ore exports by the country during the month of December 2015. Brazil’s iron ore exports during December last year totaled 39.508 million tons, up 5.7% when compared with the previous year. The iron ore export price averaged at $32.3 FOB per ton, ... Read More »

Two men charged after ‘cannabis worth an estimated £1m’ seized in Belfast

BELFAST: Two men have been charged after herbal cannabis with an estimated street value of about £1m was seized in Belfast. Police said the suspected Class B drug was found in two vehicles during a stop and search at Dargan Road, north Belfast here the other day. Two men, aged 36 and 24, have been charged in connection with the ... Read More »