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Author Archives: CT Report

SL’s EDB facilitates link with three new markets for apparel exporters

COLOMBO: Sri Lanka’s apex organization for the development and promotion of exports, Export Development Board (EDB) has facilitated the linking of the apparel sector to new virgin market and some premium global buyers of three other new markets. A visiting high powered multinational buyer team finally linked with the EDB reps and Lankan apparel giants on November 27 at Mount ... Read More »

Neuroscientists developed new tool that halps to read fly’s mind

PARIS: Northwestern University neuroscientists now can read the mind of a fly. They have developed a clever new tool that lights up active conversations between neurons during a behavior or sensory experience, such as smelling a banana. Mapping the pattern of individual neural connections could provide insights into the computational processes that underlie the workings of the human brain. In ... Read More »

Astronomers discover a group of huge, youthful galaxies in distant Universe

HONG KONG: A team of Japanese astronomers has used the European Southern Observatory’s (ESO) Atacama Large Millimeter/submillimeter Array (ALMA) to spot a group of huge, youthful galaxies in the distant Universe. The discovery helps us to understand the formation of such galaxies, and how they evolve into the elliptical galaxies we see today. In comparison to earlier periods in its ... Read More »

Singapore’s ICA seizes heroin, cannabis worth S$130,400

SINGAPORE: Officers from the Immigration and Checkpoints Authority (ICA) found about S$130,400 worth of drugs in the trailer cabin of a Malaysia-registered lorry on Friday. In a statement on Saturday, ICA said the haul was made up of about 1.4kg of heroin and 1kg of cannabis, and was discovered during routine checks after the lorry arrived and was stopped at ... Read More »

Facebook roll out live video streaming test for all its users

LONDON: Facebook has rolled out a live video streaming test for all its users, four months after introducing the feature for celebrities and other high-profile users, a media report said. Following a small test on Thursday, Facebook users will be able to use a redesigned status menu to select “live video”, The Verge reported. As on earlier entrants Meerkat and ... Read More »

Yahoo releases revamped version of its messaging platform

NEW YORK: Yahoo Messenger might be the best messaging app no one will use. The company just released a completely revamped version of its messaging platform, focused on mobile, group messaging and image sharing. In other words, Yahoo Messenger looks like Facebook Messenger, or WeChat, or WhatsApp, or Viber, or Line… You get the point, do we need yet another ... Read More »

Horseshoe Casino generates $24.5 million revenue in Nov

BALTOMORE: Horseshoe Casino Baltimore reported a revenue increase for the second straight month in November, continuing to rebound from the fallout of the city’s April riots. The Horseshoe generated $24.5 million from slot machines and table games, an increase of 5.2 percent from November 2014, according to figures released Friday by the Maryland Lottery and Gaming Control Agency. Last month, ... Read More »

OnePlus will celebrate its 2nd anniversary on 17 dec

LONDON: On December 17, OnePlus will be celebrating its second anniversary. On this occasion, the company has announced that you will not need an invitation to buy the OnePlus 2 starting December 5 and also, the OnePlus X will be available invite-free from December 5 to 7. During this period, OnePlus will also offer consumers 1 percent to 90 percent ... Read More »

Pure Storage revenue shoots up by 167% to $131.4m in Q3

CALIFORNIA: Breaking the cycle of bad financial stories we’ve ran such as Nimble Storage and Violin Memory missing expectations in their third quarter reports, Pure Storage is reporting record revenue. For their third quarter Pure reported revenue of $131.4 million up from $49.2 million a year ago or up 167% year to year. This number also comes in higher than ... Read More »

Sri Lankan Customs to stop smuggling of counterfeit goods

COLOMBO: Sri Lanka customs invited right holders of products to come forward to help authorities to stop importing counterfeit goods to Sri Lanka. Ashorf Samzudeen, deputy superintendent of Consumer Protection Unit, Sri Lanka Customs said they can fight against counterfeit and piracy only with the corporation of right holders, law enforcement agencies and legal professionals. “We are at the boarder ... Read More »

Macau casino revenue dips by 32.3% to $2.1bn in Nov

HONG KONG: Casino Revenue for Macau further dropped 32.3% in the month of November to 16.4 billion patacas ($2.1 billion), representing a revenue fall for the last 18 months. Macau, which generates two-third of its Gross Domestic Product (GDP) from gaming and casino operations, has been witnessing a continuous drop in casino revenues since mid-2014, as the Chinese government is ... Read More »

Uzbekistan approves new Customs codes

TASHKENT: The Senate of Oliy Majlis (upper house of parliament) of Uzbekistan has approved the new edition of the customs code of the republic. Uzbek Senator Tohir Bakhronov said at the meeting of the upper house of parliament that the new version of the customs code was developed due to the fact that the current code, adopted in 1997, in ... Read More »

Customs revenue collections keep on increasing with $20m more

BALTOMORE: The revenue intake at the Customs & Excise Division has continued to increase, with the department reporting a massive increase in collections for the period up to October 2015. Inspector and Customs Officer Randy Baltimore said the department has collected over $20 million exceeding its original target. “Our target was $261,851,350 which our actual collection was (up to) $282,667,664. ... Read More »

OmniVision reveneu rises 4% to $343.1 million

CALIFORNIA: At the end of April this year, OmniVision Technologies, Inc. OVTI signed a definitive agreement to be acquired by a consortium of Hua Capital Management, CITIC Capital and GoldStone Investment. Under the agreement, the consortium will acquire all the outstanding shares of the company in a cash transaction worth $29.75 per share or a total of approximately $1.9 billion. ... Read More »

Michigan’s congressional delegation seeks funds for port plaza

WASHINGTON: Three members of Michigan’s congressional delegation are again appealing to the Obama administration to give higher priority to funding an expanded customs plaza at the Blue Water Bridge in Port Huron in the next federal budget. The Blue Water Bridge, which links Port Huron with Sarnia, Ontario, has awaited a delayed $165 million construction project for several years. Sens. ... Read More »

South African Customs confiscates gold worth R3 million at airport

CAPE TOWN: The gold was found in the pockets and a moneybag of a male passenger who was hiding it under a Kurta worn over his clothing. South African Revenue Service Customs officials have confiscated gold worth almost R3 million at the King Shaka International Airport. In a second bust in KwaZulu-Natal‚ officials intercepted Ecstasy tablets in a suspicious parcel. ... Read More »

Sears Holdings revenue drops to $5.75 billion

ILLINOIS: Sears Holdings Corp. said its loss narrowed last quarter on fewer one-time expenses but sales dropped 20%, hurt by store closings and weaker revenue from clothing and consumer electronics. The Hoffman Estates, Ill., operator of Sears and Kmart department stores posted a net loss of $454 million for its third quarter ended Oct. 31 compared with a loss of ... Read More »

Nigerian Customs generates N1.35b revenue target in Nov  

ABUJA: The Ogun Command of the Nigeria Customs Service (NCS) generated N1.35 billion in November, up from its N750 million monthly revenue target. Mr Eporwei Edike, Assistant Comptroller-General of Customs in charge of Zone A, made the disclosure on Thursday during his visit to Ogun Customs Command at Iidroko. He applauded the efforts of the officers for exceeding their monthly ... Read More »

Customs wins 2 leagues clashes

CHENNAI: Customs had won two of its league clashes, while Spikers had lost two and was pushed into a must-win situation After having lost two close encounters, Chennai Spikers regrouped well to stun holder Customs Recreation Club (Chennai) 25-18, 23-25, 25-17 in a men’s Group A league fixture of the 65th State senior volleyball championship. However, both teams enjoyed the ... Read More »

Astronomers discovered young lithium-rich giant star

BRENT: An Argentinian team of astronomers from the Astronomical Observatory of Córdoba has announced the finding of a new exceptional young lithium-rich giant star, designated KIC 9821622. Using the data obtained with the high-resolution GRACES spectrograph at the Gemini North telescope in Hawaii, the scientists were able to determine the chemical abundances of 23 elements of this star as well ... Read More »