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AEC Feed

Published October 29, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/news/aec/aec/30291992

August 03, 2016 01:00
By Asia News Network
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Belt, Road is not only about China, Xi says

Published May 17, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Belt-Road-is-not-only-about-China-Xi-says-30285116.html

AEC FEED

China will consider and serve the long-term interests of all countries involved in the Belt and Road Initiative, President Xi Jinping vowed on Friday.

At a historical study meeting of the ancient land and sea Silk Roads, the president told Communist Party of China Central Committee members, “The Belt and Road Initiative, though initiated by China, is not only about China.

“I hope people in all countries along the Belt and Road will feel the benefit brought by the initiative.”

Xi proposed the initiative in 2013, envisioning a trade and infrastructure network that would connect Asia with Europe and Africa along the ancient land and sea routes.

“While taking care of our own interests, we will give more consideration and care to the interests of other countries,” he said.

Analysts say the initiative covers at least 4.4 billion people in more than 60 countries, or 63 per cent of the global population. – China Daily

Korean firms shifting

overseas focus to VN

South Korea’s consumer goods firms are shifting their overseas focus to Vietnam as their business in China reaches its limits, increasing investment and aggressively opening new branches, according to industry watchers on Monday.

With a population of over 90 million and 60 per cent in their 30s or younger, Vietnam stands out as a market promising robust growth. A recent report by the Korea Trade-Investment Promotion Agency said the government is pursuing expansion of consumer goods exports to Vietnam to make up for the country’s slowing trade, describing Vietnam as a good opportunity for local firms.

CJ Group, whose affiliates range from entertainment to food and beverages, made an early start, opening an office in Vietnam in 1998. The group’s chairman, Lee Jay-hyun, declared in 2012 that the conglomerate will build a “third CJ” in Vietnam following South Korea and China. It is currently engaged in seven different sectors and maintaining its |top position in three of them – bakery, home shopping and movie theaters. |- The Korea Herald-

Van Phong Port project revived

Published May 17, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Van-Phong-Port-project-revived-30284209.html

AEC FEED

Nha Trang Port JSC has received a licence to revive Van Phong Port in the central Vietnamese province of Khanh Hoa, which stalled several years ago after the original investor ran out of funds.

Hoang Dinh Phi, deputy head of the Van Phong Economic Zone – where the port will come up – said an investment certificate had been issued for the 417-billion-dong (Bt655 million) first phase of the port.

The port, to come up on 42.21 hectares in Van Thanh Commune in Van Ninh district, can berth 50,000-ton vessels and handle 1.5 million to 2 million tonnes of cargo a year.

After 2020, the port will get two more terminals that can handle 1 million to 1.5 million TEU (twenty-foot equivalent units) of cargo a year.

The work will be funded by internal resources (200 billion dong) and loans or sale of stakes (217 billion dong), according to Nha Trang Port JSC.

The company, which operates a tourist port in Nha Trang, is partly private, with conglomerate Vingroup owning nearly 35 per cent. |- Viet Nam News

Indonesia, EU to

discuss trade pact

Indonesian officials will discuss the initial phase of the Comprehensive Economic Partnership Agreement with the EU (CEPA) with its European partners during President Joko “Jokowi” Widodo’s visit next week, Trade Minister Thomas Lembong said.

The Indonesian government has 14 issues to discuss with the European Union, including non-tariff barriers as a priority topic.

“Once the scoping paper is finished, the next step is formal negotiations, possibly running for two years, then finalisation and ratification,” Thomas said after a press conference on Jokowi’s working visit to four European countries at the State Palace on Friday. |- The Jakarta Post

Competitive Rupiah Helps Exporters: Bank Indonesia

Published February 7, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Competitive-Rupiah-Helps-Exporters-Bank-Indonesia-30278286.html

AEC FEED

The current value of the rupiah could help boost the competitiveness of manufacturing exports, a top Bank Indonesia official said on Friday.

Senior deputy governor Mirza Adityaswara said one of the key drivers of exports should ideally be the exchange rate and the rupiah was currently undervalued.

“If we want to push the manufacturing sector, it should be undervalued, not by much, but only slightly,” he said in a discussion held by the alumni of the University of Indonesia’s School of Economics.

He added that the rupiah was slightly undervalued, and was competitive enough for exports, taking into consideration the currency’s real effective exchange rate (REER).

The International Monetary Fund defines the REER as the nominal effective exchange rate – a measure of the value of a currency against a weighted average of several foreign currencies – divided by a price deflator.

An increase in the REER index means that exports become more expensive and imports become cheaper. Therefore, an increase indicates a loss in trade competitiveness. – The Jakarta Post

Foreign workers can hold posts in labour unions

The Malaysian Trades Union Congress (MTUC) has no objection to foreign workers holding posts in labour unions as long as the democratic process is adhered to.

MTUC secretary general N Gopal Kishnam said the Trade Unions Act currently allows foreign workers to be members of unions but does not allow them to hold positions.

With the signing of the Trans-Pacific Partnership agreement, the government will have to “liberalise” the Trade Unions Act, Industrial Relations Act and the Employment Act, he said.

This would enable foreigners to hold positions in the unions.

“What matters is whether they can serve the membership or not. If someone can serve the membership, then why not?” he said. – The Star Online

AEC Feed

Published January 22, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/AEC-Feed-30277278.html

AEC FEED

Proton to develop new engines

Proton Holdings, a unit of DRB-Hicom, has allocated 600 million ringgit (Bt5 billion) to develop new car engines with engineering partners in Britain, as the Malaysian carmaker plots its return to European markets.

The new engines, which will meet tough European emission standards, are expected to be ready by the end of 2017.

“The cost of development of these new engines will be amortised within the volume that we are doing [manufacturing] over the life of the vehicles. This is a new technology, and obviously you will have to pay a little bit more for the new technology. We are trying to manage our costs to ensure we are competitive,” Proton Holdings chief executive officer Abdul Harith Abdullah said.

Proton, he said, plans to work on variable valve timing (VVT) and gasoline direct injection (GDI) engine technology.

The development of these engines will enable it to re-enter the European car market once again as these engines will comply with the Euro 6C emissions standards post-2020.

The engines will be developed in England in collaboration with Ricardo Plc, a global engineering consultancy in Shoreham-by-the-Sea.

The development of all six variants of the new engines will take 40 months to complete: the 1-litre three-cylinder VVT, 1.2-litre three-cylinder VVT, 1.3-litre four-cylinder GDI, 1.5-litre four-cylinder GDI, 1.3-litre four-cylinder turbocharged GDI and the 1.5-litre four-cylinder TGDI.

The engines will be able to work on the widely used unleaded petrol fuel grade, RON-95, the engineers said in a teleconference from Britain on Monday. – The Star

VNPost, Dai-ichi Life

Vietnam sign agreement

Vietnam Post Corporation (VNPost) and Dai-ichi Life Insurance Vietnam signed a long-term exclusive life-insurance agency agreement at a ceremony held on Monday in Hanoi.

Under the framework of the agreement, Dai-ichi Life Vietnam will be the exclusive business partner providing life-insurance products through VNPost’s network of post offices in 64 provinces all over Vietnam over the next 15 years.

Dai-ichi Life Vietnam will introduce VNPost products and postal services to its customers while VNPost will also promote the distribution of superior financial protection products offered by Dai-ichi Life Vietnam through its network of post offices.

At the same time, all customers who joined an insurance-policy scheme with Dai-ichi Life Vietnam will be able to pay their premiums through the collection services at more than 11,000 current service points of VNPost. “The cooperation is part of our strategy to diversify distribution channels of Dai-ichi Life Vietnam in efforts to create opportunities for everyone in Vietnam to gain access to the company’s life-insurance products and services, especially those living in rural and remote areas,” said Takashi Fujii, chairman of the member council of Dai-ichi Life Vietnam.

Do Ngoc Binh, chairman of the member council of VNPost, said sustainable development of life-insurance through the post-office network had become one among VNPost’s fundamental services, aiming to facilitate access of life-insurance schemes to people in remote areas, as well as ensuring education funds, wealth and increasing income for Vietnamese.

Also on Monday, Dai-ichi Life Insurance Vietnam officially received the amended licence allowing the company to increase its chartered capital from 1,141 billion dong (Bt1.86 billion) up to 1,477 billion dong.

– Viet Nam News

Employers in Singapore

plan to increase headcount

In spite of modest economic-growth projections, the employment outlook for Singapore is on an upward trajectory, recruitment firm Hudson found in its latest survey. The half-yearly survey of employers found that 41 per cent planned to increase headcount in this year and only 6 per cent to decrease it, giving a net effect of 35 per cent. The majority (53 per cent) are planning to maintain current headcount.

The net effect of intention to hire stands at 35.8 per cent, up from 32.1 per cent in June. Hudson calculated net effect by subtracting the percentage of employers planning to decrease headcount from the percentage of those planning to increase it.

“Employers are feeling confident enough to put hiring back on the agenda,” said Emmanuel White, regional director of Hudson Singapore.

“During 2015, the hiring outlook declined in light of concerns about the slowing Chinese economy and volatility in global financial markets. However, the regional economy has [proved] to be reasonably resilient, and while Singapore’s economic-growth forecast may be subdued, we are still seeing growth in certain industries, and employers are taking note.” Of those employers planning to add headcount, 69 per cent are doing so because of organisational growth, suggesting that 2016 will see an uptick in competition for talent.

– The Straits Times

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