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Wed10222014

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Shutdown 'risks petrol shortages'

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Shutdown 'risks petrol shortages' Bosses at Scotland's only crude oil refinery have started a shutdown after claiming an impending strike will compromise safety.

Ineos said the Grangemouth refinery could shut for "at least a month", and warned of major fuel shortages.

About 1,200 members of the Unite union are to strike on 27 and 28 April in a dispute over pensions.

Scottish ministers urged both sides to try to resolve the dispute, instead of "trading commentary" in the...

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Canada Gains Access to Philippine Market

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ONTARIO, Canada -- Canadian cattle, sheep and goat producers now are able to market their livestock to the Philippines.

Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast announced recently that the Government of Canada has secured live ruminant market access to the Philippines.

“The Philippines’ market is now open for Canadian exports of live cattle, sheep and goats,” said Minister Ritz.

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Trade Transaction Costs Fall In APEC Region

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Honolulu (HI) – Trade transaction costs across the Asia-Pacific region have fallen 5%, resulting in US$ 58.7 billion in total savings for businesses, research shows.

In a new report released, an independent research team has investigated whether APEC met its target of reducing trade transaction costs between 2007 and 2010, after implementing a comprehensive action plan to facilitate trade in the Asia-Pacific region.

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RP's budget deficit for six months hits P153.4 billion

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MANILA (July 21) -- The Philippines recorded a budget shortfall of P30.2 billion in June, bringing the first-half deficit to P153.4 billion, lower than targeted deficit of P155.1 billion, Finance Secretary Margarito Teves said.

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Dado Banatao: The Filipino Visionary Who Likes To Change The World

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FREMONT, Calif. (jGLi) – Filipino American visionary Dado Banatao is not happy that although he is benefiting in the semiconductor industry, some countries, like China, are guilty of gaming the system.

Banatao, a native of Iguig, Cagayan in the Philippines, told the staff of the Journal Group Link International in one of his companies, Ikanos Communications, here that the semiconductor industry has been complaining against “China and other parts of Asia” for not respecting “intellectual property by doing reverse engineering of our products but we cannot fight them because” they are tolerated by the entire government.

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Canadian Mining Firm Pulls Out Its Operations Amid People Power Protests

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Romblon, PHILIPPINES --- People power has chased away Canadian mining giant, Ivanhoe, from the Philippines -  a move analysts say will impact future exploration projects in the cash strapped Southeast Asian nation.

Ivanhoe Philippines, a subsidiary of Canada-based Ivanhoe Mines, cited low priority exploration target in withdrawing its applications for its project on Tablas Island.

Leo Deiparine, the firm’s president, in a letter sent to the Philippines Mines and Geosciences Bureau (MGB).said there was a consensus decision by the company to withdraw its applications based on Tablas as a low priority exploration target, and the strong opposition of local politicians for the approval of the applications.

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APEC economies expect trade finance to improve, survey says

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SINGAPORE (July 18) --  A survey among the APEC economies has shown that 10 out of 18 surveyed APEC economies expect that the trade financing situation should ease over the next six months.  Nevertheless, the situation still bears watching given continued uncertainty in credit conditions.

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Philippine Fruits In Demand In Oman

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Philippine Fruits In Demand In OmanMANILA -- Philippine fruits, like banana, pineapple, and mangoes are gaining a strong demand in the mainstream market in Oman, Philippine Ambassador-designate Joselito Jimeno said.

Jimeno and Oman Chamber of Commerce and Industry (OCCI) Chairman Khalil Bin Abdullah Bin Mohammed Al Khonji met recently to discuss activities between Oman and the Philippines that will boost economic, trade and commercial cooperation.

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Further Growth In The Rubber Sector Seen

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MALAYSIA -- The Association of Natural Rubber Producing Countries (ANRPC) sees further growth in the rubber sector in the Philippines says the Philippine Embassy in Malaysia.

According to the embassy, this was disclosed by Dato' Dr. Kamarul Baharain Basir, ANRPC's secretary general, during a courtesy call on Philippine Ambassador-designate Jose Eduardo Malaya on October 7.

Further Growth In The Rubber Sector SeenANRPC cited Zamboanga and Basilan as conducive to rubber plantation because of their natural conditions.

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