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Author Archives: CT Report

Nigeria imports N1.3 trillion worth of food annually

ABUJA: Chairman, House of Representatives Committee on Agricultural Colleges and Institutions, Hon. Linus Abaa Okorie has expressed concern over the lack of sustainable food policy in Nigeria. He said the policy would have ensured food sufficiency and by extension trigger employment opportunities as well as poverty eradication in Nigeria. Speaking on Tuesday at the Committee’s interactive session with the Hon. ... Read More »

Indian Customs seizes contrband cigarettes worth Rs. 13 million

TAMIL NADU: Two hundred cartons of contraband cigarette boxes were seized by the officials of the Special Investigation and Intelligence Branch (SIIB) of Tuticorin Custom House. The value of the seized contraband was estimated to be Rs. 1.32 crore and duty attempted to be evaded was Rs. 1.10 crore. The cigarette boxes were found concealed behind paper reels, Assistant Commissioner ... Read More »

Indonesia’s imports rise 3.61% in Nov 2015

JAKARTA: Indonesia’s imports in November 2015 rose by 3.61 percent to US$11.51 billion from US$11.10 billion a month earlier, the Central Statistics Agency (BPS) said. “The import of four groups of goods saw an increase in November, compared to October. However, compared to the same month last year, the imports declined,” BPS Chairman Suryamin said at a press briefing here ... Read More »

Kinnow export to cut by 43% due to climate change

KARACHI: The fruit exporters have cut the kinnow export forecast by 43 per cent to $80 million from $120 million for fiscal year 2015-16 mainly due to the destruction of their crop by climate change. They expect to export around 200,000 tons of kinnow for the season started on December 1, compared with 350,000 exported last year. According to Pakistan ... Read More »

Vietnam’s coal imports increase 311.9% in Nov

HANOI: Vietnam’s coal imports surged 311.9% year on year to 813,121 mt in November and edged up 1.7% from October, customs data released Tuesday showed. Traditionally a coal exporter, the country has actively turned to imports this year to meet rising domestic demand, particularly from the power sector. State-owned Vietnam Electricity said in October it added 2,324 MW of electricity generation ... Read More »

Jamica Customs reveneu surpasses 13% to $14bn

KINGSTON: Even though its Automated System for Customs Data (ASYCUDA) World project is not yet fully implemented, vigilance on the part of the Jamaica Customs Agency led to the recent detection of attempts by at least three car dealers to circumvent the system and defraud the Government of revenue. The web-based application allows clients to undertake e-transactions such as the ... Read More »

Chinese company to construct housing colony for Dasu project affectees

LAHORE: Water and Power Development Authority (Wapda) has signed a contract with the China Railway First Group (CRFG) for the construction of a housing colony for the people who displaced after the construction of Dasu hydropower project and a museum with the cost of Rs571.95 million. The statement said the contract includes construction of three sites for the resettlement of ... Read More »

Nepal Customs misses revenue collection target by 38.72% to Rs 47.09 billion

KATHMANDU: Revenue collection at customs points was significantly affected in the first five months of the current fiscal year, as border blockade choked the country’s imports from India and third countries. The Department of Customs (DoC), today, said it had missed the collection target by a whopping Rs 29.75 billion in the first five months of this fiscal. DoC had ... Read More »

France Customs seizes 1,300 counterfeit toys

PARIS: Customs officers have seized nearly 1,300 counterfeit toys in a raid on a post depot in the run up to Christmas. The toys were a mixture of costumes and dolls, many of which were poor copies of Disney originals that had been made without licence in China. They also included copies of Pokemon cards and Lego models. Customs officers ... Read More »

US police seize meth worth $250,000

BARTHOLOMEW COUNTY: Police arrested three people Monday in a raid on a mobile home park Four pounds of methamphetamine was seized in the bust, estimated at $250,000 in value. A handgun and drug paraphernalia were also found. The raid occurred at Hilltop Mobile Home park at U.S. 31 and County Road 650 South. Juan Chavez, 36, was preliminarily charged with ... Read More »

Russia’s HDPE imports decrease 36% in first 11 months of 2015

MOSCOW: Russia’s high density polyethylene (HDPE) imports totalled 176,400 tonnes in the first 11 months of the year, down by 36% year on year, according to MRC DataScope. The greatest decrease in imports occurred for extrusion blow moulding (EBM) and pipe extrusion HDPE. November HDPE imports into Russia increased to 18,100 tonnes against 17,900 tonnes in October because of the increased shipments ... Read More »

PIA’s revenue up by 6%, losses down by 37% in my tenure, Azeem claims

ISLAMABAD: Shujaat Azeem, former advisor of the Prime Minister on Civil Aviation, has claimed that the Pakistan International Airlines’ (PIA) losses were reduced by 37 per cent during his tenure as he took several steps for improvement in the national-flag carrier. While talking to media, he said that he had not sought the slot for himself but accepted this as ... Read More »

Punjab Skills Development Fund launches scheme to train 5,000 people

LAHORE: The Punjab Skills Development Fund (PSDF) has announced to launch its new scheme, Skills for Punjab Growth Strategy 2015, to fund training of more than 5,000 individuals in various employment-oriented trades. The scheme is being launched with the aim of improving income generation opportunities for the poor and vulnerable populations across the Punjab by enabling quality skills development through ... Read More »

UK police seize cocaine, cash

ASHTON VALE: Thousands of pounds of cocaine and cash have been seized from a house in Ashton Vale. Police searched the property in Silbury Road this morning after a tip-off from the local community. Officers found around 300g of suspected cocaine, just over £2,000 in cash and a hydraulic press, all of which have been seized. A 19-year-old woman who ... Read More »

Thailand authorities seize mislabelled cosmetics, food products

PHUKET: Cosmetics and food products valued at around B100,000 were seized in Wichit here the other day after the Consumer Protection Police discovered all the seized items were mislabelled. CPP Crime Suppression Chief Maj Phayom Pamoonkhetnil armed with a warrant of arrest from Phuket Provincial Court raided one of the island’s biggest cosmetic retailers after his department in Bangkok received ... Read More »

Ireland police seize heroin worth €50,000

LIMERICK: Gardaí have uncovered a controlled substance believed to be heroin worth around €50,000 in Co Limerick. The seizure was made during an ongoing investigation into organised crime in Limerick. Gardaí from Henry Street assisted by the Regional Support Unit searched a house in St Mary’s Park on Tuesday evening and discovered the drugs. They arrested two men, aged 40 ... Read More »

India excise seizes ganja worth Rs 20 million

VISAKHAPATNAM: Excise sleuths and police of Madugula mandal in a multiple joint operation seized more than 2,765 kg of ganja and arrested six persons on Tuesday. They also seized two motorbikes, a car, a lorry and a van, besides a few cell phones, from the possession of the accused. According to sources, the seized ganja is worth more than Rs ... Read More »

Import of truck, bus radial tyres decline by half

CHENNAI: Import of truck and bus radial (TBR) tyres have declined by almost half as domestic tyremakers reduce prices, according to All India Tyre Dealers Federation,. TBR imports declined following an 8-10 per cent price reduction by the domestic tyremakers, who were reluctant to cut the price despite steep fall in natural rubber prices. Tyre imports stood at 54,175 units ... Read More »

Australian police bust drug racket

QUEENSLAND: Vietnamese students were used to babysit cannabis plants in a major Queensland-based drug operation that was producing more than $60 million worth of drugs annually, police allege. Investigators have shut down the sophisticated hydroponic drug set-up, which is believed to be part of a lucrative syndicate that had spread to the state from Victoria and South Australia. The operation ... Read More »

Gold imports fall by 36.48% in Nov 2015

NEW DELHI: The country’s gold imports fell by 36.48 per cent to $3.53 billion in November this year on account of sluggish global prices. The world’s second-biggest gold consumer had imported gold worth $5.57 billion in the same month last year. Data released by the Commerce Ministry showed that import of both gold and silver has declined in value terms ... Read More »