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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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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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Japan contributes USD 1.3 million to APEC climate change initiatives

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SINGAPORE (July 17) -- With energy security and climate change emerging as two very real challenges to economic growth, Japan has contributed JPY 120,000,000 (approximately USD 1.3 million) to promote energy efficiency activities throughout the APEC region.

According to the Japanese Senior APEC Official, Makoto Shiotoa, “This sum is specifically directed toward the development and implementation of energy efficiency policies, goals and action plans in APEC economies.”

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Coconut Agency 2012 Budget Increased Eight-Fold

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Coconut Agency 2012 Budget Increased Eight-FoldMANILA -- As the world's top coconut exporter and to ensure that supply meets a fast-growing demand for coconut water as a healthy and alternative sports drink globally, the Philippine government has increased the Philippine Coconut Authority's (PCA) budget for coconut replanting in the country.

According to Carlo Carpio, PCA's deputy administrator, PCA was given a budget of P512 million for replanting next year, up by P452 million from this year's budget of P60 million.  In addition, about P354 million was earmarked for the fertilization of coconut plantations, which covers 3.4 million hectares of the country's total agricultural lands.  Big plantations in Quezon and Camarines Sur provinces are now old and need replacement.

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$4 Billion In Remittances From Sailors Likely

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MANILA -- Since 2009 remittances from Filipino sailors continue to grow.  For the past seven months in 2011, remittances have already reached $2,433 billion, up 14.13 percent or $301 million versus the $2.132 billion they have sent home through banks over the same period in 2010, according to the Trade Union Congress of the Philippines (TUCP). The labor group expects to surpass $4 billion this year.

In 2010, Filipino sailors sent home a total of $3.806 billion in the 12 months of 2010, up $406 million or 12 percent from the $3.4 billion they remitted via the banking system in 2009.

“The Philippines has secured its position as the world’s preferred supplier of able ship staff,” said TUCP secretary-general and former Senator Ernesto Herrera, whose labor center includes the Philippine Seafarers’ Union (PSU). 

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