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Author Archives: CT Report

Malik Muhammad elects new Chairman of SIAL

SIALKOT: A Sialkot based leading exporter Malik Muhammad Ashraf was elected unopposed as chairman of Sialkot International Airport Limited (SIAL) during its annual elections held here. Another exporter Naeem Yousaf was also elected unopposed as vice chairman of SIAL. Meanwhile, President Sialkot Chamber of Commerce and Industry (SCCI) Maj (Rtd) Mansur Ahmed and SVP Muhammad Sarfraz Butt have greeted the ... Read More »

Vietnam cement export target misses mark in 2015

HANOI: While the cement industry was struggling with an excess of supply over demand, exports, which were considered a solution to boost consumption, failed to meet expectations. Cement and clinker exports in 11 months of this year dropped by 27 per cent over the same period last year to roughly 15 million tonnes, far below the target of 20 million tonnes ... Read More »

Vietnam manufacturing agreement in Nov 2015

HCM CITY: After rebounding in October, the Nikkei Vietnam Manufacturing Purchasing Managers’ Index once again slipped below the 50-point threshold in November, indicating a moderate reduction in activity, the monthly Vietnam at a Glance report by HSBC said. The momentum is unlikely to increase in the near term. New export orders, while improving, remained stuck at four-month lows, profit margins ... Read More »

Vietnam plans to attract $8b in investments during next 5 years

HA NAM: The northern province of Ha Nam plans to attract VND180 trillion (US$8 billion) in investments between 2016 and 2020, said an official of the province’s Department of Planning and Investment. Director of the department Nguyen Van Oang said it would give priority to projects in hi-tech and support industries, foodstuff processing and pharmaceuticals. “Investors are also welcome in ... Read More »

Another 10,000MW to be added to national grid by 2018: Ahsan

ISLAMABAD: The energy situation has been changed in the country and another 10,000 MW electricity would be added into the national grid by early 2018. Federal Minister for Planning, Development and Reforms Ahsan Iqbal Tuesday said this while addressing the consultative workshop on mid-term performance of the government and future plan, organised by Planning Commission of Pakistan. The workshop was ... Read More »

NHA spends Rs2.4b on 78.2km Nowshera-Chitral highway

ISLAMABAD: The National Highway Authority (NHA) has spent a sum of Rs2,393 million (about Rs2.5 billion) for rehabilitation and construction of 78.2km of Nowshera-Chitral Highway (N-45). An NHA official Tuesday told APP that the amount has been spent under PC-1 of Improvement and Widening of N-45. He said that Rs500 million were allocated and released for the improvement of 78.2km ... Read More »

Vietnam’s pangasius fish to ensure exports continue

HANOI: Vietnam’s fisheries agencies have been called upon to pay close attention to US regulations imposed on Vietnam’s pangasius fish to ensure that exports continue, reports VietNamNet. The task has been placed on the shoulders of the National Agro-Forestry-Fisheries Quality Assurance Department and the International Cooperation Department, under the Ministry of Agriculture and Rural Development, the Directorate of Fisheries and ... Read More »

Australia beef exports expected to total 1.19m tons in 2016

CANBERRA: Australia trimmed its forecast for beef exports on Tuesday as farmers reduce slaughter rates, with better weather triggering a slow-down in a run of record cullings expected to push the country’s herd to a 20-year low. Beef exports are expected to total 1.19 million tonnes in the year to July 1, 2016, the Australian Bureau of Agriculture, Resource Economics ... Read More »

Vail Resorts reveneu rises 36% to $174.6 million

COLORADO: Vail Resorts Inc. said its loss narrowed in the latest quarter as the ski-resort operator reported better-than-expected revenue growth on stronger season-pass sales for the coming winter season and a higher percentage of destination guests. The Broomfield, Colo.-based company said that as of Dec. 5, sales of season passes for the coming ski season rose 13% by number of ... Read More »

Mexico wants to double food exports to China in next year

MEXICO CITY: Mexico is seeking to double its food exports to China next year, the government announced Monday. The Latin American country is expected to export $290 million worth of food products to China in 2016, an increase of around $150 million compared with that of this year, according to the Secretariat of Agriculture, Livestock, Rural Development, Fishing and Food (Sagarpa). The ... Read More »

Ohio casino revenue surges 2.9% to $64m in Nov

OHIO: Gaming revenue increased in November at all four of Ohio’s state-controlled casinos with statewide revenue totaling $64.6 million, an increase of 2.9 percent over the same month in 2014. Locally, revenue at Hollywood Casino Toledo was up 2.5 percent to $14.4 million. Revenue at Hollywood Casino Columbus, the state’s other casino run by Penn National Gaming Inc., rose 3 ... Read More »

New Zealand shares fall as oil, exports dip

WELLINGTON: New Zealand shares fell, joining a global selloff, on concern declining oil prices and slowing Chinese exports signal weaker global growth. Mighty River Power, Contact Energy and Genesis Energy led the decline. The S&P/NZX 50 Index slipped 29.43 points, or 0.5 per cent, to 6035. Within the index, 28 stocks fell, 15 rose and seven were unchanged. Turnover was ... Read More »

Khursheed flays privatisation, tax policies

ISLAMABAD: Opposition Leader in National Assembly Syed Khursheed Ahmed Shah Tuesday slammed the government’s privatisation and economic policies in the country. Speaking in National Assembly, he said being representative of the public and opposition parties he was not satisfied with the government’s reply regarding conversion of Pakistan International Airlines (PIA) into a company as well as its justification for imposing ... Read More »

Iran continues gas exports to Turkey at normal levels

TEHRAN: Iran continues gas exports to Turkey at normal levels, an official says, dismissing reports that the country had ramped up supplies to its northwestern neighbor. “Iran supplies about 30% of Turkey’s gas needs and claims of an increase in gas exports to Turkey in recent days are not true,” head of the gas measuring station on the Bazargan border ... Read More »

Over 90,000 youths to get training under PM Youth Programme

ISLAMABAD: As many as of 93,255 interns will get training next year under Prime Minister’s Youth Training Scheme. However, the allocation of interns will be made in accordance with the NFC award and FPSC’s recruitment criteria for provincial and regional quotas. It has a broad canvas of schemes aimed at enabling youth and poor segments of population to get good ... Read More »

Inventec revenue up 3.33% to $1.11bn in Nov

TAIPEI: Inventec has reported consolidated revenues of NT$36.34 billion (US$1.11 billion) for November, up 3.33% on month, but down 7.29% on year, while combined consolidated revenues for the first 11 months of 2015 were NT$356.92 billion, down 10.53% from a year ago. Inventec shipped 1.8 million notebooks, all-in-one PCs and desktops combined in November, up from 1.6 million units in ... Read More »

Scotiabank revenue surges to $1,472m

LONDON: Scotiabank T&T Limited’s net income has increased by $6 million or one per cent to $566 million for the year ended October 31. The bank’s latest quarterly financial results, which were posted on the T&T Stock Exchange yesterday, show that total revenue, comprising net interest income and other income was $1,472 million, up by $89 million or six per ... Read More »

Pak rupee makes remarkable recovery of Re1.40 to reach 105.25

KARACHI: The Pakistani rupee Tuesday secured huge recovery against the US dollar both in open market and interbank. According to the local money market, the greenback lost Re1.40 in open market for selling at 105.25 and 80 paisas in interbank to be sold at 104.40. On Monday, the US dollar shed 50 paisas in the cash-free market to reach 106.65 ... Read More »

Facebook shutdown Slingshot, Rooms and Riff apps

  LONDON: Facebook is the largest social network in the world and one of the most visited addresses on the web too. Moreover, they have the most popular app in North America (Facebook for mobile), together with Facebook Messenger which comes in third, and Instagram on the 9th place as of August 2015. Additionally, the social network also owns WhatsApp, ... Read More »

Google rolls out Android 6.0.1 Marshmallow update for Nexus range

  LONDON:oGoogle, as reported by users earlier in late November, has started rolling out Android 6.0.1 Marshmallow update for its Nexus range. Notably, the Android 6.0.1 is the first major upgrade arriving since the Android 6.0 Marshmallow (previously Android M) released earlier this year. Additionally, Google has also released Android 6.0.1 Marshmallow factory images for the Nexus range. The update ... Read More »