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Author Archives: CT Report

Elgin Area Chamber gives thanks to unsung heroes

NEW YORK: Elgin Area Chamber of Commerce honored unsung heroes for their volunteer efforts, including, (front row, from left) Jude Cavallaro, Isabelle Bourgeois (accepting for Dave Edmondson), Bonnie Kirmse, Sherry Lenz, Ursula Wilson, Lucille Matejka, Ron Barkby, (back row, from left) Mitch Esterino, Marge Zawadzki, Lydia Turgeon, and (not pictured) Terry Morris. The 36th annual Community Chamber Thanksgiving Luncheon, Giving ... Read More »

Adani Ports Special Economic Zone signs agreement with Kerala to build port

THIRUVANANTHAPURAM: Kerala chief minister Oommen Chandy will lay the foundation stone for the proposed Rs 7,525-crore Vizhinjam port. The Gautam Adani-led ‘Adani Ports and Special Economic Zone’ (APSEZ) had on August 17 this year signed an agreement with Kerala to build this port, which will be a trans-shipment terminal, and operate it for 60 years. The investment, materializing nearly a ... Read More »

Schroon Lake Area Chamber sponsoring annual holiday

NEW YORK: The Schroon Lake Area Chamber of Commerce is sponsoring its annual Holiday Decorating Contest for 2015. There are two divisions for the contest: residential homes and business. Prizes will be presented for first place winners in the residential division for the following categories: 1) Most Traditional or Adirondack Style, 2) Most Creative Display of Lights, 3) Most Creative ... Read More »

Manhattan Chamber chief to leave her post in Feb

NEW YORK: Nancy Ploeger, who has led the Manhattan Chamber of Commerce for decades, announced Friday that she will leave her post at the end of February. Ploeger, 65, is departing to take the reins of a global foundation aimed at supporting women in business that she and the chamber helped to found. “I like building things,” Ploeger said in ... Read More »

Russia wooden goods exports down 8.18% in Jan-Oct 2015: Customs data

MOSCOW: Export dynamics of the Russian forest industry goods may be characterized as rather satisfactory from the point of view of deliveries volume. However, there was observed a downward trend in value of the exported goods. These conclusions can be made based on the statistics provided by the Russian Federal Customs Service. In Jan-Oct 2015, Russian roundwood exports decreased both ... Read More »

Pulkovo Customs seizes smuggled iPhones, iPads worth billions of rubles at airport

MOSCOW: Law enforcement agencies in St. Petersburg have seized a large batch of smuggled cargo from China containing 50,000 Apple and Lenovo telephones and tablet computers, a source close to investigators told Interfax on Dec. 4. The source said the operation to locate and seize the smuggled goods was conducted by officials from Department K of the Russian Federal Security ... Read More »

Eurasian Economic Congress negotiates with India  

NEW DELHI: This year, the agenda of the Eurasian Economic Congress in Moscow was expanded for the first time, to include the Eurasian Economic Union’s cooperation with India, China and Arab countries. Moscow hosted the Eurasian Economic Congress (EEC) on December 1, at which participants discussed ways to improve trade between Eastern European countries and Russia. The Eurasian Economic Union ... Read More »

Indian oil imports from Iran fall for fourth straight month in Nov

NEW DELHI: India’s oil imports from Iran fell for the fourth straight month in November to touch an eight-month low, preliminary tanker arrival data obtained by Reuters shows, as its two biggest buyers cut purchases to meet annual targets. Western sanctions against Iran’s controversial nuclear programme limits the Gulf country’s oil exports to 1-1.1 million barrels per day (bpd), with ... Read More »

Iranian expatriate arrested at Doha port for drug smuggling

TEHRAN: An Iranian expatriate was arrested at Doha Port for attempting to smuggle subsidized medicines out of Kuwait. According to sources, Customs officers of Doha Port headed by Khalid Al- Failakawi suspected an Iranian expatriate who was planning to travel to Iran and checked his luggage to find large quantity of subsidized medicines that were banned for export. He was ... Read More »

Ankara Chamber to visit Iran tomorrow

TEHRAN: A Turkish trade delegation representing Ankara Chamber of Industry – Ankara Sanayi Odasi (ASO) – is to pay a two-day visit to Tehran beginning from December 6, the ISNA news agency reported. Nurettin Ozdebir, the chairman of ASO, will lead the delegation which is scheduled to visit Tehran Chamber of Commerce and four international exhibitions, namely Exhibition of Pipe ... Read More »

Kenya Lamu port sluggish due to funding problems

NAIROBI: Construction of the first three berths at Kenya’s second seaport in Lamu has been sluggish due to funding problems, Kenya Ports Authority has said. According to KPA, Treasury has been releasing money allocated for the project intermittently, delaying works at the site. China Communication Construction Company which signed a $478.9 million (Sh48.8 billion) deal in August last year is ... Read More »

No stashing of unclaimed containers: Sabah Ports

KUALA LUMPUR: Sabah Ports Sdn Bhd has rubbished talks its bays have been storing several unclaimed containers for some time, purportedly containing questionable material. Its Chairman Datuk Karim Bujang on Monday dismissed this as rumours as there had been no laden containers declared as industrial waste or radioactive contents entering the container port to date. No containers have stayed in ... Read More »

Domestic cement exports rises by 12.2m tons during 2015

KARACHI: During July to November 2015, cement industry has posted a growth of 15.64 percent in domestic sales compared with the same period of last fiscal year. Domestic despatches rose to 12.2 million tons during this period against 10.56 million tons during same period of last fiscal. However, exports during July to November 2015 recorded a massive decline to 2.56 ... Read More »

Myanmar to establish special economic zone for exports to India

NAYPYIDAW: Myanmar has demarcated an area in Rakhine state to establish a special economic zone which aims to attract investors from ASEAN countries and export their goods to China and India, an official report said on Friday. With Myanmar as the only strategic gateway between ASEAN, India and China, the SEZ of 1,737 hectares in Kyaukphyu town is the shortest ... Read More »

Indian soyameal exports decline to 22% in 8 months

PUNE: Indian soyameal exports declined to 22% during the first 8 months of the current financial year as compared to similar period of previous year thanks to Japan, a big importer of Indian soyameal shifting to GM soyameal, lifting of sanctions on Iran and stiff competition from other countries. According to the Solvent Extractors’ Association of India, “The export of ... Read More »

India exports 57.72 lakh bales of raw cotton

NEW DELHI: Raw cotton exports from India decreased by over 50 per cent in the 2014-15 cotton season that ran from October 1, 2014 to September 30, 2015. In 2014-15, India exported 57.72 lakh bales of raw cotton were exported as against 116.96 lakh bales during the cotton year 2013-14, textiles minister Santosh Kumar Gangwar said in a written reply ... Read More »

US trade gap rises 3.4% to $43.9b

NEW YORK: The U.S. trade deficit widened unexpectedly in October as exports fell to a three-year low, suggesting that trade could again weigh on economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap rose 3.4 percent to $43.9 billion, a sign that the worst of the drag from a stronger dollar was far from ... Read More »

US Customs seizes 82 bundles of marijuana

NEW YORK: A total of 82 bundles of marijuana were removed from a vehicle Tuesday. The contraband weighed 1,457 pounds and has a street value of $1,165,464. Border Patrol agents assigned to the Hebbronville Border Patrol Station disrupted a drug smuggling attempt Tuesday while working their assigned duties. The incident occurred around 2:45 p.m., when agents responded to suspicious activity ... Read More »

Saudi anti-narcotics squad foils attempt t smuggle 980,000 amphetamine pills

RIYADH: Saudi anti-narcotics squads have foiled an attempt to smuggle 980,000 amphetamine pills which are used to stimulate the central nervous system (CNS). The security forces succeeded in smashing the drug smuggling ring and arrested two Saudi nationals and two Turkish accomplices in Riyadh. The anti-narcotics squads which acted following a tip-off detected a pick-up truck as it was in ... Read More »

Indian air customs arrests man in gold smuggling case

NEW DELHI: A man has been arrested for allegedly trying to smuggle gold valuing about Rs. 27 lakh at Indira Gandhi International Airport (IGIA). The accused was intercepted yesterday by the customs officials after his arrival from Kuala Lumpur. On detailed examination of his baggages and personal search, six pieces of gold total weighing 1.080 kgs and valued at Rs. ... Read More »